• Title/Summary/Keyword: Economic evaluation

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An Integrated Environment and Economic Evaluation Model for Building Reconstruction and Remodeling Projects (재건축과 리모델링 사업의 환경성${\cdot}$경제성 통합평가모델)

  • Lee Ju-Heon;Park Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.327-330
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    • 2002
  • Recently, the environmental sustainability has showed up one of the important considerations in the construction industry. However, the effective evaluation method for the decision-making on either reconstruction or remodeling of a project has not been developed so far. This paper presents an integrated evaluation model considering both environment and economic factors of a building project for which the decision making on either remodeling or reconstruction is needed. In order to develop the model, the characteristics of both types of projects were investigated and analyzed through the related literature review, and then appropriate evaluation criteria and analysis methodology to be used in the model were developed.

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Economic Evaluations of Secondary Battery Energy Storage Systems in Power Distribution Systems (전력저장전지시스템의 경제성 평가)

  • No, Dae-Seok;O, Yong-Taek
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.49 no.4
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    • pp.152-160
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    • 2000
  • This paper presents an efficient evaluation method on the role of new energy storage systems, especially the secondary Battery Energy Storage (BES) systems, in the case where they are interconnected with the power distribution systems. It is important to perform the economic evaluation for the new energy storage systems in a synthetical and quantitative manner, because they are very costly in the early stage of their development and commercialization. In this paper, the multiple functions of BES systems, which are operated at distribution systems, such as load levelling, effective utilization of power distribution systems and uninterruptible power supply at the emergency conditions are classified and analyzed. And then the quantitative evaluation methods of the multiple functions for BES systems are proposed using the mathematical modelling.

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Evaluation of the Middle Part of the Nuclear Fuel Cycle

  • Kovac, Michal
    • Nuclear Engineering and Technology
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    • v.48 no.1
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    • pp.169-174
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    • 2016
  • This article describes a comprehensive methodology for the evaluation of the middle part of nuclear fuel cycles. Evaluation of fuel cycles is basically divided into two parts. The first comprises nuclear calculation, i.e., creation of the strategy for nuclear fuel reloading and core design calculations. The second part is the business-economic evaluation of the selected reloading strategy, which can be done either by financial analysis or economic analysis. The financial analysis incorporates the perspectives of a company while the economic analysis can be used primarily by national economists or politicians. This methodology was applied to a case study that is focused on impacts of switching from a 12-month to an 18-month fuel cycle strategy for Water-Water Energetic Reactor (VVER)-1000 reactors.

A Study on Establishing the Evaluation System of the Stock Enhancement Program (수산자원조성사업의 합리적인 평가체계 도입 방안에 관한 연구)

  • Kim, Dae-Young;Ryu, Jeoung-Gon;Lee, Jeoung-Sam
    • The Journal of Fisheries Business Administration
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    • v.41 no.1
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    • pp.1-24
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    • 2010
  • The main goal of the study is to propose an objective and standardized evaluation system of stock enhancement programs. In order to achieve this goal, the study first suggested the need for stock enhancement program evaluation system through the review of current status and problems. Second, the study identified possible problems of the existing stock enhancement program evaluation by reviewing domestic and foreign evaluation systems. Finally the study proposed a new evaluation system and implementation plan of it. This study also classified the program evaluation criteria into ex-ante evaluation and ex-post evaluation according to the evaluation point in time, and applied the economic, political and technical feasibility tests into the evaluation of the stock enhancement program in order to solve the current problems of the evaluation. The evaluation process of the stock enhancement program is composed of an evaluation system design, estimation of weights using the analytical hierarchy process, design of estimation standard, conversion of scores and final summary of the evaluation. The central government takes the lead in the evaluation of the regional (metropolitan city or province) projects and the regional government is in charge of the evaluation of the local (city or county) projects. For the implementation of the ex-ante evaluation, either the regional or local governments ask for the evaluation and then submit an evaluation plan and other necessary documents to the upper level governments. The ex-post evaluation is then carried out by the upper level governments.

Evaluation Method of Green Construction Technologies Using Integrated LCC and LCA Analysis (LCC-LCA 통합 분석에 의한 친환경 건설기술 평가방법)

  • Kim, Yoon-Duk;Cha, Hee-Sung;Kim, Kyung-Ra;Shin, Dong-Woo
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.3
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    • pp.91-100
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    • 2011
  • Green technologies of buildings are spreading for saving resource and energy consumption during life cycle of buildings. However, selection of optimized the technologies for applying projects is needed a lot of time and costs. Therefore prioritization is necessary to apply the technologies for buildings. An evaluation of economic value for the technologies is significant for prioritization of the technologies, however, the current evaluation system of economic value for technologies is not reflected the accurate features of the technologies. Green technologies have the objectives for reducing the emission of CO2 and saving the cost during the whole lifecycle of buildings. Thus the evaluation of economic feasibility for green technologies is needed to include the economic value from improving the environment. This paper developed the economic evaluation method integrated with LCC and LCA to accurately analyze the economic value for green technologies. Moreover, this paper drew the priority of the technologies by conducting case studies with the integrated method and analyzing the results with AHP. The conclusion of case studies, Green technologies is worth more if to include the economic value from improving the environment. Then in analysis of priority, Green intelligent component technologies were rated the highest. The conclusion of the study is able to utilize the supporting tool for making decision to select the optimized technologies for the projects and precedence study for developing future research of prioritization for green technologies. The future study for improving the developed method will supplement the various evaluation factors and apply the detailed weight to analyze the priority of green technologies.

Engineering and Economic Evaluation of Production of MgO Nanoparticles using a Physicochemical Method

  • Priatna, Deri;Nandiyanto, Asep Bayu Dani
    • International journal of advanced smart convergence
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    • v.8 no.4
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    • pp.26-33
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    • 2019
  • We conducted research to evaluate economically and engineering about the synthesis of Magnesium Oxide, MgO, nanoparticles using physicochemical methods. The method used was economic evaluation by calculating GPM, BEP, PBP, and CNPV. The other method used was engineering perspective. MgO nanoparticles were synthesized by reacting Mg(NO3)2 and NaOH with a mole ratio 1: 2. Mg(OH)2 formed was heated and calcined to remove water content and to oxidation to form MgO. An economic evaluation by calculating GPM and CNPV for the production of MgO nanoparticles on an industrial scale shows that the payback period (PBP) occur in the third year and profits increase each year. Tax variations show that the higher of tax, the lower profits received. When there was an increase of selling prices, the profit was greater. The variable cost used is the price of raw material. When there was an increased in the variable cost price, the payback period was longer and the profits was reduced. The benefit of this research is knowing the industrial production of MgO nanoparticles is beneficial. The function of MgO nanoparticles is a material for the manufacture of ceramics and can be used as an antimicrobial in the water filtration process.

Economic Evaluation on Energy System Using Treated Sewage Water (하수처리수 이용 열원시스템의 경제성 평가)

  • Lee, Chulgoo
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.13 no.3
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    • pp.16-22
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    • 2017
  • It has become important for unutilized energy to be used for air conditioning of building. Economic evaluation on energy system by using treated sewage water as heat source, which is one of unutilized energy, was performed. The floor area of the subject building and the distance between heat source equipment and sewage treatment plant was assumed $30,000m^2$ and 200m. Absorption chiller-heater system was used for comparing to the energy efficient system, and payback period method was applied to carry out economic evaluation. Although the operating cost of this system is reduced compared to general heat source system, the ratio is not meaningful compared to the initial investment cost increase, and payback period was calculated to be about 36.1 years. However, when calculated based on the 2014 rate of electricity and city gas, it will be greatly reduced to 3.1 years. International commodity prices are constantly changing, and therefore national policy on the spread of unutilized energy should be maintained.

Economic Evaluation of Duck Livestock Management in Utilizing of Various Forms of Houttuynia cordata With Fermented Red Koji as Feed Additives in a Field Study (여러 제형의 발효홍국 어성초를 오리사료첨가제로 적용한 현장연구에서 오리축산경영의 경제성 평가)

  • Jang, Woo-Whan;Chung, Yung-Ho;Choi, In Hag
    • Journal of Environmental Science International
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    • v.27 no.5
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    • pp.345-348
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    • 2018
  • The influence of various forms of Houttuynia cordata with fermented red koji as feed additives on the performance of duck livestock was evaluated through a field study. Two hundred and forty ducks (Pekins) aged 0-38 d were used. They were randomly assigned to four treatment groups (0%, 1% H. cordata powder with fermented red koji, 1% H. cordata pelleted with fermented red koji, and 1% H. cordata coated with fermented red koji) with four replicates (15 ducks per replication). Foreconomic evaluation, the data (a total of 240 duck) obtained from each treatment were applied to 10,000 ducks per treatment 38-d after the feeding trial. Overall, the results of economic evaluation were the highest in the treatment with 1% H. cordata coated with fermented red koji, followed by 1% H. cordatapelleted with fermented red koji, 1% H. cordatapowder with fermented red koji, and control. In conclusion, using 1% H. cordatawith fermented red koji as coating and pellet type duck diets might be of economic advantage for sustainable environmental management.

The Effect of Consumer's Objective Knowledge, Subjective Knowledge and Involvement of Apparel on Product Attribute Evaluation (소비자의 객관적 지식, 주관적 지식과 관여가 의류 상품 속성 평가에 미치는 영향)

  • Lee Ji-Yeon;Park Jae-Ok
    • Journal of the Korean Society of Clothing and Textiles
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    • v.30 no.5 s.153
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    • pp.818-828
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    • 2006
  • The purpose of this study was to clarify differences in the product attribute evaluation in relation to the objective knowledge, subjective knowledge and involvement of apparel. The measurement instruments were developed by researcher on the basis of previous studies in the same field. The subjects of this study were female adults who lived in Seoul, Kyunggi or Incheon areas and quota sampling using age and residential areas was employed. The data were obtained from 603 questionnaires. Data were statistically analyzed using SPSS 10 and LISREL 7.0. Major statistical methods were factor analysis, Cronbach's a coefficient, multiple regression analysis, and structural equation model analysis. The results were as follows: 1. Involvement was related to the consumer knowledge and the knowledge influenced evaluation of intrinsic attributes, social attributes, and economic attributes. 2. The dimensions of objective knowledge significantly influenced intrinsic attributes and economic attributes. The dimensions of subjective knowledge significantly influenced intrinsic attributes, social attributes and economic attributes. 3. Apparel involvement significantly influenced intrinsic attributes, social attributes and economic attributes. Consumers who have higher interest in apparel product but not in trends considered intrinsic attributes more importantly, whereas consumers who care trends considered social attribute more.