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http://dx.doi.org/10.9709/JKSS.2014.23.4.001

Eco-System: REC Price Prediction Simulation in Cloud Computing Environment  

Cho, Kyucheol (Electronics and Telecommunications Research Institute)
Publication Information
Journal of the Korea Society for Simulation / v.23, no.4, 2014 , pp. 1-8 More about this Journal
Abstract
Cloud computing helps big data processing to make various information using IT resources. The government has to start the RPS(Renewable Portfolio Standard) and induce the production of electricity using renewable energy equipment. And the government manages system to gather big data that is distributed geographically. The companies can purchase the REC(Renewable Energy Certificate) to other electricity generation companies to fill shortage among their duty from the system. Because of the RPS use voluntary competitive market in REC trade and the prices have the large variation, RPS is necessary to predict the equitable REC price using RPS big data. This paper proposed REC price prediction method base on fuzzy logic using the price trend and trading condition infra in REC market, that is modeled in cloud computing environment. Cloud computing helps to analyze correlation and variables that act on REC price within RPS big data and the analysis can be predict REC price by simulation. Fuzzy logic presents balanced REC average trading prices using the trading quantity and price. The model presents REC average trading price using the trading quantity and price and the method helps induce well-converged price in the long run in cloud computing environment.
Keywords
Cloud Computing; RPS (Renewable Portfolio Standard); REC (Renewable Energy Certificate); Fuzzy Logic; REC Price Prediction; Price Prediction Simulation;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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