• Journal of the Korean Operations Research and Management Science Society
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• v.32 no.1
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• pp.147-160
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• 2007

In this paper, the optimal decision making strategy for resource management is viewed in terms of a combined strategy of planting and producing time. A model which can be used to determine the optimal management strategy is developed, and focuses on how to design the operation of a Markov chain so as to optimize its performance. This study estimated a dynamic stochastic model to compare alternative production style and used the net present value of returns to evaluate the scenarios. The managers in this study may be able to increase economic returns by delaying produce in order to market larder, more valuable commodities.

• The Journal of Fisheries Business Administration
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• v.13 no.1
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• pp.85-97
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• 1982

This study involves a blending of intensive and extensive shrimp culture techniques for a hypothetical shrimp farm which uses a combination of heated raceway nurseries and extensive grow-out ponds per year. The present value method of economic analysis is used to determine economic feasibility. The biological data in this reports were obtained from published or personal communications from leaders in the field of shrimp aquaculture. The proposed system showed economic feasibility using the present value method with discount rates of 10% and 12%. The most profitable scenario, the culture of three crops of Penaeus vannamei showed a 1.26 year payback period and 120% annual average rate of return. The breakeven price was ＄1.25/1b., which is ＄1.52 less than the market price of ＄2.77. Breakeven production was 724 1bs/acre, which is 8761bs. less than the assumed 1,600 1bs/acre. All other scenarios 1.2 and 3 crops for P. stylirostris and P. setiferus showed economic feasibility also.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.1
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• pp.29-34
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• 2015

This paper presents a method to select optimal device for mitigating voltage sags. The method is based on economic evaluation and voltage sag assessment involving sag duration as well as magnitude. The economic evaluation is performed by using the operation cost and economic benefit of the mitigation devices. The optimal device can be determined from the values of NPV (net present value) which is widely accepted in cost-benefit analysis. The proposed method can help sensitive customers to select optimal mitigation device. In this paper, the case study considering two sensitive customers was performed by using the proposed method.

• 유체기계공업학회:학술대회논문집
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• 2006.08a
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• pp.323-326
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• 2006

Numerical solutions for spin-up problem of a thermally stratified fluid in a cylinder with an insulating sidewall and time-dependent rotation rate are presented. Detailed results are given for aspect ratio of O(1), fixed Ekman number $10-^{4}$, Rossby number 0.05 and Prandtl number O(1). Angular velocity of a cylinder wall changes with following formula, $\Omega_f=\Omega_i+\Delta\Omega[1-\exp(-t/t_c)]$. Here, this $t_c$, value, which is very significant in present study, represents that how fast/slow the angular velocity of the cylinder wall reaches final angular velocity. The normalized azimuthal velocity and meridional flow plots for several tc value which cover ranges of the stratification parameter S(1 ~ 10) are presented. The role of viscous-diffusion and Coriolis term in present study is examined by diagnostic analysis of the azimuthal velocity equation.

• Transactions of the Korean Society of Mechanical Engineers
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• v.19 no.8
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• pp.1964-1971
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• 1995

In the present study, the performance characteristics of a centrifugal air compressor were investigated experimentally. The PC controlled performance test facility for a centrifugal air compressor driven by an electric motor with a gear box to achieve higher compressor rotating speed was set up in the present study. The performance test for a turbocharger compressor of a diesel engine was conducted, and in a case of 34,800 rpm, pressure ratio 1.18, flow rate 0.09kg/s, compressor efficiency 61% were investigated. Adiabatic power for a tested compressor showed maximum value at mass flow ratio 0.8. The value of mass flow ratio of maximum efficiency was about 0.37, it was independent of compressor rotating speed.

• Journal of Power System Engineering
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• v.18 no.3
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• pp.112-117
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• 2014

The purpose of this study is to suggest the benefit-cost analysis for photovoltaic system in greenhome. Perspectives of benefit-cost analysis for photovoltaic system in greenhome is participant, non-participant, administrator and nation. This study identifies the cost and benefit components and benefit-cost calculation procedures from four major perspectives : participant, non-participant, administrator and nation. The results of benefit-cost analysis from each perspective can be expressed in a variety of ways, but in all cases it is necessary to calculate the net present value of photovoltaic system impacts over the lifecycle of those impacts.

• New & Renewable Energy
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• v.10 no.2
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• pp.40-47
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• 2014

This study is intended to analyze the appropriate scope for 9.9MW biomass cogeneration, feasibility and sensitivity according to changing market situation. In the study, the heat load is classified into three types to predict heat sales and find out the appropriate scope of thermal business that is operated in CHP 34.42 Gcal/h, PLBwg 70 Gcal/h of cogeneration. the feasibility is estimated based on internal rate of return (IRR) and net present value(NPV). the sensitivity is analyzed in terms of biomass fuel cost, unit price of heating cost, investment cost, SMP unit price and REC unit price.

• International Journal of Aeronautical and Space Sciences
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• v.7 no.1
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• pp.1-12
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• 2006

In this study, a surrogate model is applied to multi-objective aerodynamic optimization design. For the balanced exploration and exploitation, each objective function is converted into the Expected Improvement (EI) and this value is used as fitness value in the multi-objective optimization instead of the objective function itself. Among the non-dominated solutions about EIs, additional sample points for the update of the Kriging model are selected. The present method was applied to a transonic airfoil design. Design results showed the validity of the present method. In order to obtain the information about design space, two data mining techniques are applied to design results: Analysis of Variance (ANOVA) and the Self-Organizing Map (SOM).

• Korean Journal of Agricultural Science
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• v.40 no.2
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• pp.169-176
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• 2013

The price and revenue of rice are expected to decrease due to increasing rice imports, decreasing consumption and the discontinuance of the government's rice procurement. This degenerating profitability is leading to a rise in the cultivation of upland-crops such as beans, fodder crops and fruits in paddy fields. However, there is a lack of research on the selection of rice substitute crops which are adaptable to the relevant region through profitability analysis. This research, therefore, analyzed investment profitability of rice substitute crops for Cheorwon-gun area in Kangwon province. The study applied net present value (NPV) and internal rate of return (IRR), which fit for mutually exclusive investments that make one selection to the exclusion of other crops. Target crops are green house plants in Cheorwon-gun area. Financial analysis showed paprika and cucumber have investment feasibility for automated vinyl greenhouses and conventional plastic greenhouses respectively.

• Proceedings of the IEEK Conference
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• summer
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• pp.395-399
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• 2004

We present modality conversion as an effective means for QoS management. We show that modality conversion, in combination with content scaling, would give a wider range of adaptation to support QoS at media level. Here, we consider modality conversion with respect to resource constraint and human factor. To represent modality conversion as well as content scaling, we present the overlapped content value (OCV) model that relates the content value of different modalities with resources. The specification of user preference on modality conversion is divided into qualitative and quantitative levels. The user preference is then integrated into the OCV model so that modality conversion correctly reflects the user's wishes. For the conversion of multiple contents, an optimization problem is formulated and solved by dynamic programming. The experiments show that the proposed approach is efficient to be applied in practice.