• Title/Summary/Keyword: Economic evaluation

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Economic Evaluation of BESS (Battery Energy Storage System) (전지전력저장시스템의 경제성분석)

  • Kim, Jae-Chul;Choi, Joon-Ho;Kim, Eung-Sang;Choi, Byoung-Soo;Lee, Young-Ha;Hwang, Yong-Ha
    • Proceedings of the KIEE Conference
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    • 1998.07c
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    • pp.1091-1093
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    • 1998
  • The BESS has a major advantages such as load leveling, quick response emergency power (spinning reserve), frequency and voltage control, improvement of reliability, and deferred generation and transmission capacity construction. However, the economic feasibility of these systems requires justification from the customer side of meter. In this paper, we proposed the economic evaluation model of BESS which is modified and complemented the SYSPLAN model[2]. In addition, we analyzed a economic evaluation from the economic measures such as payback period, overall benefit, ROI, and ROR.

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Economic Evaluation of Rape Cultivation using a Survey for Participants on a Pilot Project (유채재배에 대한 경제성 분석 -유채시범사업 대상지의 농가 설문자료를 이용하여-)

  • Choi, Eun-Ho;Lee, Seoung-Jung;Cho, Yong-Sung
    • Korean Journal of Organic Agriculture
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    • v.19 no.3
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    • pp.329-341
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    • 2011
  • This study empirically analyzes the economic validity of rape farmers. The analysis of economic evaluation is based on the benefit-cost analysis. Previous studies have undoubtedly expanded our understanding of the importance of substitution effects on a rapeseed for bio-fuels. However, earlier studies have mostly dealt with the concept of biodiesel's economics analysis, but this paper's attentions have been paid to the economic analysis of farm. The aim of this paper is suggesting the most appropriate policy brings about why farmhouses should cultivate the rape. To answer this question, this paper adopts a scenario analysis and the B/C ratio is used.

Comparative analysis of live satisfaction of husband and wife -Concentrated on subject evaluation of economic level- (부부의 생활 만족도 비교 분석 : 주관적 경제수준 평가를 중심으로)

  • 박미금
    • Journal of the Korean Home Economics Association
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    • v.32 no.1
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    • pp.1-18
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    • 1994
  • The purpose of this study is to find the differences between the husband's and wife's satisfaction of home life. This study is also to compare and analyze some empirical influence on life satisfaction of husband and wife according to home socio-demographic variables and subjective evaluation of economic level including their perception levels of home economics circumstance. The major results are as follows; 1. The husband's score of life satisfaction shows signifcantly more than wife's score that is his score is 3.36 and her score is 3.19. 2. The variables which affect couple's life satisfaction are the perception of resource adequacy the perception of the adequacy of household income, the evaluation level of resource contribution and the perception of level of living relative to others. The most influential variable of the husband is the perception of resource adequacy, while the most influential variable of the sife is the evaluation level of resource contribution. 3. The result of the relative contribution for the variables of life satisfaction are as follows. The explanation of husband's sociodemographic variable is 11.5% if variable of subjective evaluation of economic level is added the explain power is 34.1%(increase, 22.6% (p<0.001)) The explanation of wife's socio-demographic variable is 9.8% If variable of subjective evaluation of economic level is added the explanation is 41.2% (increase 31.4% (p<0.001)).

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Transportation Economic Analysis Method for a Maglav System (자기부상열차 도입의 교통경제학적 평가방법 연구)

  • Kim Hyun-Woong
    • Proceedings of the KSR Conference
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    • 2005.11a
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    • pp.1276-1280
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    • 2005
  • The Maglav system project affects communities and are usually funded by public agencies. Evaluation of this project that considerably impact whole communities requires public involvement. This specific requirement of transportation projects determines the method of their evaluation as the impacts are estimated from the transportation economic point of view. Especially evaluation criteria must reflect the needs of the interested parties and should consider all foreseeable benefits and losses caused by the Maglav project. To select evaluation criteria and evaluation method may help a decision--maker in making a best selection for a Maglav project.

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An Economic Evaluation and Sensitivity Analysis of Remote MicroGrid According to Design Objectives (설계목표에 따른 독립형 마이크로그리드 경제성 평가 및 민감도 분석)

  • Weon, Jong-Nam;Chae, Woo-Kyu;Lee, Hak-Ju;Sim, Jun-Bo;Shin, Chang-Hoon
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.6
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    • pp.892-897
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    • 2017
  • Until now, it has been for choosing most economic result to be generally used for designing remote MicroGrid (MG) system. It is able to make economic benefit by reducing operation cost, but proportion of renewable energy will be minimum. In other words, it is difficult to get an effect by renewable energy because economic feasibility is an only consideration. Therefore, various factors should be considered and design objectives should be are diversified to design proper remote MG system. In this paper, remote MG system is classified into two types according to design objectives, and they are analysed through case study based on economic evaluation. In addition, economic feasibility for each type is analysed through sensitivity analysis according to various factors that affect the design results of the system.

Economic Evaluation of Domestic Low-Temperature Water Electrolysis Hydrogen Production (국내 저온수전해 수소생산의 경제성 평가)

  • Gim, Bong-Jin;Kim, Jong-Wook;Ko, Hyun-Min
    • Transactions of the Korean hydrogen and new energy society
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    • v.22 no.4
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    • pp.559-567
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    • 2011
  • This paper deals with an economic evaluation of domestic low-temperature water electrolysis hydrogen production. We evaluate the economic feasibility of on-site hydrogen fueling stations with the hydrogen production capacity of 30 $Nm^3/hr$ by the alkaline and the polymer electrolyte membrane water electrolysis. The hydrogen production prices of the alkaline water electrolysis, the polymer electrolyte membrane water electrolysis, and the steam methane reforming hydrogen fueling stations with the hydrogen production capacity of 30 $Nm^3/hr$ were estimated as 18,403 $won/kgH_2$, 22,945 $won/kgH_2$, 21,412 $won/kgH_2$, respectively. Domestic alkaline water electrolysis hydrogen production is evaluated as economical for small on-site hydrogen fueling stations, and we need to further study the economic evaluation of low-temperature water electrolysis hydrogen production for medium and large scale on-site hydrogen fueling stations.

Economic Evaluation on Energy System Using River Water (하천수 이용 열원시스템의 경제성 평가)

  • Lee, Chulgoo;Kim, Jongdae;Im, Taesoon;Choi, Myungsik;Pang, Seungki;Ham, Heungdon
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.9 no.2
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    • pp.25-31
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    • 2013
  • It has become very important for unused energy to be used for building air conditioning. Economic evaluation on energy system by using river water as a heat source, which is one of the unused energy, was carried out. The floor area of the building and the distance between heat source equipment and river was assumed $50,000m^2$ and 200 m. General heat source system using absorption chiller-heater was used for comparing to the energy saving system, and payback period method using initial cost and running cost of two systems, was used to perform economic evaluation. According to development of high capacity of water source heat pump which is appropriate for using river water, initial cost for the system has been reduced. Payback period was about 3.2 years, and this period might be shortened if nation's economic support enact.

Economic Evaluation of LED Luminaires for Tunnel Interior Zones

  • Cho, Sook-Hyun;Kim, Hoon
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.27 no.11
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    • pp.7-13
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    • 2013
  • There has been a need for the systematic evaluation of the economic efficiency between conventional fluorescent lamp lighting systems that have been used in tunnels and LED lighting systems. This study has evaluated basic tunnel lighting between the conventional fluorescent lighting systems and the LED lighting system using the evaluation tool of tunnel lighting by Life Cycle Cost (LCC) and using the economic efficiency evaluation method. In addition, the unit discount rate of the LED lighting system and the estimated increase in the price of electricity have made the estimated cost of LCC the same if two luminaires were used in the basic part of the tunnel.

A Study on Economic and Environmental Evaluation of Building Integrated Photovoltaic in Daegu (대구광역시 건축물 적용 태양광발전시스템의 경제성 및 환경성 평가에 관한 연구)

  • Soh, Jae-Eak;Kim, Ju-Young;Hong, Won-Hwa
    • Proceedings of the SAREK Conference
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    • 2006.06a
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    • pp.1232-1237
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    • 2006
  • In Daegu, spread works of photovoltaic have were carrying out from a part of the solar city Daegu but, actual results have were insignificant. According to this study, it analyzed actual conditions of four building integrated photovoltaic system proper to the subject of investigation in Daegu City, in order to investigate the cause of inactive spread of building integrated photovoltaic system. After analyzing of actual state and performance, this study will present not only economic evaluation that Is problem of spread but also, environment evaluation by estimating to have an effect on greenhouse gas reduction.

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A Study on the Location Selection of North Korean Economic Development Zone Using AHP (AHP를 활용한 북한 경제개발구의 산업 입지선정 분석에 관한 연구)

  • Park, Chul-Soo
    • Journal of the Korea Safety Management & Science
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    • v.22 no.4
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    • pp.87-100
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    • 2020
  • Economic Development Zone(EDZ) in the province is one of the foreign policy for economic development of North Korea. North Korea has promulgated 27 Economic Development Zones(5 EDZs as central level and 22 EDZs as provincial level) to promote economic growth through the expansion of external opening policy. EDZs of the provinces play an important role in North Korea's national and regional economic growth. The purpose of this study is to select analytical criteria that can be quantified when considering the location conditions of North Korean economic development zones when domestic companies advance into North Korea according to the progress of inter-Korean economic cooperation, and derive the relative importance between the criteria. After that, based on this, we intend to quantify the evaluation of the location priority of the economic development zone. In this study, through AHP analysis results, when domestic companies enter North Korea, we derive the importance and preference of location selection factors when considering the location conditions of North Korean economic development zones. Taking into account the reality of North Korea when the Korean company entered the North economic development zone following location for evaluation. That is, logistics and transportation, industrial infrastructure, competitiveness, and management incentives. And 14 sub-factors were selected and AHP analysis was performed.