• KIEAE Journal
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• v.15 no.6
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• pp.57-62
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• 2015

Purpose: This study, which is based on the investment payback periods, aims to suggest the proper insulation level which can be adapted to the Defense Military Facility Criteria regarding the military residential condominiums. For the energy performance simulation, it is required to collect the residential data regarding the military condominiums and climatic data concerning the regions they belongs to. The estimates through energy performance simulation are the regional heating loads and the heating transmission coefficients of building components. Method: With the heating loads, the annual heating cost saving per square meters is assessed. With the heating transmission coefficients of building components, the additional insulation installment cost per square meters is evaluated. With two outcomes, one as an annual value and the other as a present value, the investment payback period is calculated. Result: In result, it could be concluded that 55~70% insulation ratio can lead a superior residental environments as well as be contributed to the national policy associated with zero-energy buildings because the estimated investment payback period is shorter than the life span of the military residental condominiums. This upshot can be used as a foundation to enactment the Defense Military Facility Criteria associated with military residential condominiums.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.10 no.6
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• pp.773-783
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• 1998

The heating system for apartment complex may be classified as old systems including central system with steam boiler(S1), gas engine driven heat pump system(S2), system using waste heat(S3) and new systems including mechanical vapor re-compression system with flashing heat exchangers(S4), system using methanol(S5), system using metal hydride (S6). The purpose of the present study is to suggest optimal heating system by technically, economically and environmentally evaluating old and new heating systems of apartment complex from 500 to 3,000 households. Economic evaluation based on the technical evaluation results which estimated heat transfer area of heat exchangers and capacity of equipments was estimated initial investment cost, annual operating cost and relative payback period by considering annual increasing rates of energy cost and interest. Environmental evaluation provided annual generation rate of carbon dioxide. Initial investment cost was cheap in the order of S6, S5, S3, S2, S4, S1, annual operating cost was cheap in the order of S1, S2, S4, S5 and relative payback period was short in the order of S6, S5, S2, S3 and S4. Relative payback period was within 8 years for all scenarios of 3,000 households, and was increased as annual increasing rates of energy cost and interest were increased. As transportation pipe length was increased twice, payback period was increased by 1.4~2.6 time. The effect of temperatures of waste gas and waste water on the relative payback period was small within 0.8 years. The annual generation rate of carbon dioxide was big in the order of S4, S2 and S1. S4 was the most economic system among whole scenarios when S1 was replaced with other scenarios.

• Korean small business review
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• v.40 no.3
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• pp.1-24
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• 2018

The purpose of this study is verifying with corporate financial data that the required investment amount flow shows a similar pattern as times passed, in new product development by start-up company. In the previous paper, the same authors proposed the required investment amount flow as a 'New Product Investment Curve (NPIC)'. In this study, we have studied further in various types of companies. The samples used are accounting data of 462 companies selected from 5,873 Korean companies which were finished external audit in 2015. The results of this study are as follows; The average investment period was 3 years for the listed companies, while 6 years for the unlisted companies. The investment payback period was 6 years for listed companies, while 17 years for unlisted companies. The investment payback period of the company supported by big affiliate company (We call 'greenhouse company') was 14~15 years, while 17 years for real venture companies. When we divide all companies into 4 groups in terms of R&D cost and variable cost ratio, NPIC explanatory power of 'high R&D and high variable cost ratio group (Automobile Assembly Business) is best. Among the eight investment cost indexes proposed to estimate the investment amount, the 'cash 1' (operating cash flow+fixed asset excluding land & building+intangible asset, deferred asset change)/year-end total assets) turned out to be the most effective index to estimate the investment flow patterns. The conclusion is that NPIC explanatory power is somewhat reduced when we estimate all companies together. However, if we estimate the sample companies by characteristics such as listed, unlisted, greenhouse, and venture company, the proposed NPIC was verified to be effective by showing the required investment amount pattern.

• Journal of Magnetics
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• v.16 no.4
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• pp.379-385
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• 2011

This paper presents an optimal design of a direct-drive permanent magnet synchronous generator for a small-scale wind energy conversion system. An analytical model of a small-scale grid-connected wind energy conversion system is presented, and the effects of generator design parameters on the payback period of the system are investigated. An optimization procedure based on genetic algorithm method is then employed to optimize four design parameters of the generator for use in a region with relatively low wind-speed. The aim of optimization is minimizing the payback period of the initial investment on wind energy conversion systems for residential applications. This makes the use of these systems more economical and appealing. Finite element method is employed to evaluate the performance of the optimized generator. The results obtained from finite element analysis are close to those achieved by analytical model.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.13 no.2
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• pp.16-21
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• 2017

In this study, the flow effect of warming and cooling in the air supply of a pit for air conditioning were evaluated in BS art museum. We simulated the flow temperature for a pit winter and summer seasons using computational fluid dynamics. Consequential, energy saving, energy saving costs and initial payback periods were calculated and the following conclusions were drawn. The warming effect of the winter increased by $18.1^{\circ}C$ and $0.2^{\circ}C/m$ and the cooling effect of the summer decreased by $6.1^{\circ}C$ and dropped to $0.07^{\circ}C/m$. Energy saving appeared to be 19.1 kW in the summer and 54.3 kW in winter. Energy saving costs ranged from 2,567,119 won/year to 5,134,238 won/year and at minimum, initial payback period for initial investment was 3.9 years. As a result, the air supply system using an existing pit without any burden on initial investment costs is believed to contribute to energy saving through warming and cooling of unutilized energy effects.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.23 no.10
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• pp.656-661
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• 2011

The amount of water resources that can be used tend to be decreased gradually. In contrast, the rapidly increasing water consumption is a problem that need to be addressed. Renovation and equipment replacement to improve energy efficiency and to reduce expenditure for building usage is required. But the excessive initial investment cost and the prolonged of pay back period may be uneconomical choice. Water usage for cleaning the toilet bowl accounts for 27%of the total water usage. Water-saving valve that can select the amount of water for cleaning toilet bowl can be reduced expenditure. After installing water-saving valve, analysed the economic effects. Water-saving valves compared with flush valves, and researched the amount of water usage. Then analyzed for the economic effects. Water-saving valve was used 5.6 ${\ell}$/time for cleaning toilet bowl. In contrast, flush valve was consumed 8.4 ${\ell}$/time. Water-saving valve's water-saving rate was 33.3%. The initial payback period for Water-saving valve was 459.5 days. By a small investment in water saving valve, the economic benefits can be obtained.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.27 no.1
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• pp.17-23
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• 2013

The BESS(Battery Energy Storage System) is an useful device for load leveling, but the high cost, installation space and safety issues are the main barriers for supplying it widely. The important factor in supplying BESS to customers successfully is the payback period. As most of the H/W cost factors are uncontrollable, the optimization of storage volume can be useful factor in improving payback period. In order to obtain optimized BESS volume, the load factor, demand ratio, peak shaving ratio, electric rates and benefits from DR participation of customer should be analyzed. In this paper, we could verify the peak cutting capability and cost effectiveness under the some proposed conditions and changing value of PCS and battery based on the customers data after volume optimization process was applied, and we can identified the saturation point of load factor and shortening of customer's payback period.

• 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.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.20 no.9
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• pp.599-607
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• 2008

In this study, air conditioning systems include ground source heat pump (GSHP), are evaluated for economic feasibility. The building is modeled an air conditioned for 280kW scale. This analysis is compared with the energy tariff programs of Korea and USA. The objectives of this paper are to evaluate the cost-effectiveness of the GSHP and combined system using Life-Cycle Cost (LCC) analysis, and to carry out the sensitivity analysis of key parameters. The paper considered the cases including the base case of air source heat pump and the other two alternates for comparisons. The combined system is not only a cost-effective way to the low energy consumption but also a way to avoid a high initial investment. The variations of initial investment and energy rates give a significant effect on the total LCC and payback period.

• IE interfaces
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• v.17 no.spc
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• pp.62-68
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• 2004

HAPS (High Altitude Platform Station) which is defined as a station located on an object at an altitude of 20 to 50 km and at a specified, nominal, fixed point relative to the earth is a promising technology capable of providing broadband multimedia services. In this study, economical aspects of HAPS service are analyzed by estimating the revenue and costs incurred by the service. To evaluate the profitability of HAPS service, the number of subscribers is estimated and then the net present value (NPV), payback period, and the rate of return on investment (ROI) are calculated under various scenarios.