• Environmental and Resource Economics Review
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• v.23 no.3
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• pp.515-551
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• 2014

Recently, there has been a debate as to whether bioethanol should replace some portion of gasoline for fuels in South Korea, as energy security as well as climate change issues are rising as a significant national agenda. However, a considerable amount of subsidy will be required to compensate for the higher price of bioethanol-blended gasoline. In this context, government subsidy will obtain justification only when the positive social gains from consuming bioethanol for fuels can exceed the negative social costs. Through a nation-wide choice experimental survey, we examine if South Koreans have a positive value as well as non-linear preferences on substituting bioethanol for gasoline. The results reveal that the willingness to pay for purely domestic bioethanol-blended gasoline within 10% is about 52 KRW; Koreans have concave preferences on the blending ratio of bioethanol to gasoline. The turning point of the blending ratio of bioethanol was 6.5%. Also, we found inverse U-shaped curve between income and bioethanol choice probability and the turning point of the income was calculated as 250~299million KRW. Politically conservative propensity advocates uses of bioethanol blended gasoline, but awareness on bioethanol or more weights on environmental conservation have significantly negative effects on the choice of bioethanol. However, the design of the survey questionnaire is incompatible with the RFS of Korea and assumes orthogonality among the following four interrelated attributes: (i) domestic or offshore procurement of feedstocks in the case of domestic production, (ii) domestic production or import of bioethanol, (iii) the blending ratios, and (iv) the retail price increases. In addition, the results of model estimation and of model selection test are not definite. Hence, the results in this study should not be directly applied to the design of the specifics of the Korean RFS. Hence, the results in this study require cautions in applying to the design of the Korean RFS policy.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2006.11a
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• pp.75-89
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• 2006

한국전력산업의 탈규제화의 영향으로 각 개별 발전회사들은 자사의 이익을 최대화하기 위한발전계획 수립에 큰 관심을 가지게 되었다. 발전계획은 주어진 연료제약 하에 발전수익과 유지보수비용을 고려하여 시간대별 발전기의 기동, 정지 및 발전출력을 결정하는 문제로서Profit-Based Unit Commitment (PBUC) 문제로 알려져 있다. PBUC 문제는 문제 자체의 복잡성과 비선형 제약식의 특성으로 인하여 과거 연구는 대부분 비선형 제약식 처리를 위한 Lagrangian Relaxation (LR) 기반 휴리스틱 접근법에 초점이 맞추어져 왔다. 하지만, 실제현업 적용에 있어 계산시간이 많이 소요되고 알고리즘의 구현에 많은 기간이 소요되어 실용성은 낮은 것으로 보고되었다. 특히 연료도입 및 저장제약을 고려하기 위한 1년 단위 장기 발전계획 수립은 문제의 범위가 더욱 넓어짐으로 인하여 복잡성이 매우 크게 증가하고, 이에 따라 기존 접근법에 한계가 있어 왔다. 이에 본 연구에서는 국내가스발전소의 사례를 중심으로 발전패턴개념의 도입 및 다양한 발전패턴 생성을 통한 Explicit Column Generation 기반 최적화 접근법을 제안한다. 발전패턴은 Column Generation 접근법의 각 Column에 해당하는 각주별 발전기 기동정지계획을 의미한다. 즉, 미리 유효한 발전패턴의 Pool을 최대한 확보한 후 Explicit Column Generation Formulation을 통하여 주별 최적의 발전패턴을 찾아내는 알고리즘으로 구성이 된다. 본 알고리즘은 실제 가스발전소의 장기 발전계획 수립과정에 적용되어 효과적으로 운용되고 있으며 연간 수십억원의 추가적인 이익을 실현할 것으로 분석되었다. 본 알고리즘을 확장 적용할 경우 PBUC 문제 해결을 위한 새로운 해법으로도 그 효용성이 클 것으로 예상된다.자료이기 때문에 통계적 활용의 범위가 방대하다. 특히 개인, 가구, 사업체 등 사회 활동의 주체들이 어떻게 변화하는지를 추적할 수 있는 자료를 생산함으로써 다양한 인과적 통계분석을 할 수 있다. 행정자료를 활용한 인구센서스의 이러한 특징은 국가의 교육정책, 노동정책, 복지정책 등 다양한 정책을 정확한 자료를 근거로 수립할 수 있는 기반을 제공한다(Gaasemyr, 1999). 이와 더불어 행정자료 기반의 인구센서스는 비용이 적게 드는 장점이 있다. 예를 들어 덴마크나 핀란드에서는 조사로 자료를 생산하던 때의 1/20 정도 비용으로 행정자료로 인구센서스의 모든 자료를 생산하고 있다. 특히, 최근 모든 행정자료들이 정보통신기술에 의해 데이터베이스 형태로 바뀌고, 인터넷을 근간으로 한 컴퓨터네트워크가 발달함에 따라 각 부처별로 행정을 위해 축적한 자료를 정보통신기술로 연계${cdot}$통합하면 막대한 조사비용을 들이지 않더라도 인구센서스자료를 적은 비용으로 생산할 수 있는 근간이 마련되었다. 이렇듯 행정자료 기반의 인구센서스가 많은 장점을 가졌지만, 그렇다고 모든 국가가 당장 행정자료로 인구센서스를 대체할 수 있는 것은 아니다. 행정자료로 인구센서스통계를 생산하기 위해서는 각 행정부서별로 사용하는 행정자료들을 연계${cdot}$통합할 수 있도록 국가사회전반에 걸쳐 행정 체제가 갖추어져야 하기 때문이다. 특히 모든 국민 개개인에 관한 기본정보, 개인들이 거주하며 생활하는 단위인 개별 주거단위에 관한 정보가 행정부에 등록되어 있고, 잘 정비되어 있어야 하며, 정보의 형태 또한 서로 연계가 가능하도록 표준화되어있어야 한다. 이와 더불어, 현재 인구센서스에서 표본조사를 통해 부가적으로 생산하는 경제활동통계를 생산하기 위해서는 개인이 속한 사업체를 파악할 수 있도록 모든 사업체가 등록되어

• Journal of the Korean Institute of Gas
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• v.19 no.6
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• pp.15-21
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• 2015

Natural gas fuel has known to be very promising in terms of abundancy and economic value. Therefore it is widely treated as research topics in a variety field of production, storage and utilization. Natural gas has become one of the major sources for the power generation by using internal combustion engines(ICE). Development of natural gas fuel injection device should be preceded to realize a reliable natural gas fuel supply system for a MW class power generation reciprocating ICE. In this research, an injection valve which consists of solenoid and body part with a moving plate was designed and its dynamic performance was experimented in the engine-like environment. As a result of the experiments, linearity of flow rate was obtained and overall around 2ms of response time was observed at the pressure difference of 1bar. In addition, more than 100Liter/min(@2Hz) of gas flow rate was witnessed, which is expected to be adequate for the fuel supply system of a MW class natural gas engine.

• Environmental and Resource Economics Review
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• v.24 no.4
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• pp.607-627
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• 2015

As observed and experienced in EU ETS, allowance price volatility is one of major concerns in decision making process for $CO_2$ abatement investment. The problem of linearly non-separable profits functions could emerge when one power company holds several power plants with different technology specifications. Under this circumstance, conventional analytical solution for investment option is no longer available, thereby calling for the development of numerical analysis. This paper attempts to develop a Monte-Carlo least squares model to analyze investment options for power companies under emission trading scheme regulations. Stochastic allowance price is considered, and simulation is performed to verify model performance.

• Environmental and Resource Economics Review
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• v.26 no.2
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• pp.257-286
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• 2017

This paper estimates the effects of imaginary repeated increases in excise duties on fuel oil consumption and on their income redistribution according to changes in consumer price index, if the inflation indexation system was introduced right after the second Energy Tax Reform ended in July, 2007 in Korea. In fact, nominal excise rates have not been adjusted since 2007. As a result, the real excise rates on fuel oils have been diminished inversely proportional to the consumer price index. Own- and cross-price elasticities of fuel oils such as gasoline and diesel oil are estimated under the general equilibrium framework based on the linear expenditure system. Counterfactual analyses through microsimulation in a static model are adopted to estimate the effects of introducing inflation indexation into the fuel tax in 2007 when the second Energy Tax reform ended on the fuel consumption and income redistribution in 2014. Microsimulations suggest that its introduction could have reduced the consumption of gasoline and diesel oil by 8.8% and 5.4%, respectively, ending up with increased excise revenue by 11.9%. The revenue increase in spite of decreased consumption is mainly because their demands are price inelastic. It could also have increased positive income redistributive effect by 0.01%p (from 0.12% to 0.13%), which is measured in terms of percentage decrease in Gini coefficient. In other words, the fuel excise on the two fuel oils decreased by 0.13% the Gini coefficient of before and after fuel tax income in 2014. This implies that the inflation indexation could have enlarged the income redistributive effect up to 0.13% in 2014, if it is introduced in 2007.

• Journal of Korea Port Economic Association
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• v.35 no.4
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• pp.107-120
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• 2019

Crude oil is a resource that is being used as a raw material in major industries, representing the price of the raw material market. It is also an important element that affects the shipping market in terms of fuel costs for freight vessels. As a result, crude oil and freight rates are closely related. Therefore, from January 2009 to June 2019, this study analyzed the dependency structure between oil price (WTI) and freight rates (BDI, BCI, BPI, BSI, and BHI) using daily data. The main results are summarized as follows. First, according to the copula results, survival Gumbel copula in WTI-BDI, Clayton copula in WTI-BCI, Survival Joe copula in WTI-BPI, Joe copula in WTI-BSI, and survival Gumbel copula in WTI-BHI were selected as the best-fitted model. Second, looking at Kendall's tau correlation, there is a positive correlation between BDI and oil price. Furthermore, freight rate index (BCI, BPI, BSI) and oil price show positive dependencies. In particular, the strongest dependence was found in BCI and oil price returns. However, BHI and oil price show a negative dependency. Third, looking at the tail-dependency structure, a pair between oil price and BDI, BCI showed a lower tail-dependency. The pair between oil price and BSI showed the upper tail-dependency.

• Korean Chemical Engineering Research
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• v.53 no.2
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• pp.156-163
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• 2015

This paper presents a new framework for design and economic evaluation of wind energy-based electricity supply system. We propose a network optimization (mixed-integer linear programming) model to design the underlying energy supply system. In this model we include practical constraints such as land limitations of onshore wind farms and different costs of offshore wind farms to minimize the total annual cost. Based upon the model, we also analyze the sensitivity of the total annual cost on the change of key parameters such as available land for offshore wind farms, required area of a wind turbine and the unit price of wind turbines. We illustrate the applicability of the suggested model by applying to the problem of design of a wind turbines-based electricity supply problem in Jeju. As a result of this study, we identified the major cost-drivers and the regional cost distribution of the proposed system. We also comparatively analyzed the economic performance of on/off shore wind farms in wind energy-based electricity supply system of Jeju.

• Environmental and Resource Economics Review
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• v.15 no.3
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• pp.505-530
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• 2006

For the district heating and cooling business, it is required to install energy-saving facilities using energy from waste and land fill gases such as combined heat and power(CHP). The current issues that this business faces can be summarized as below: which facilities including CHP can be economically introduced and how much of their capacities should be. Most of such issues are clearly related to the optimal plant design of the district heating and cooling business, and the prices of energy services such as heating and cooling energy, and electricity. The purpose of this study is to establish linear program model of least cost function and to practice the empirical test on a assumed district heating and cooling business area. The model could choose the optimal type of energy-producing facilities among various kinds available such as CHP's, absorption chillers, the ice-storage system, etc. CHP with the flexible heat and power ratio is also in the set of available technologies. And the model show us the optimal ration of heat producing facilities between CHP and historical heat only boiler in the service area. Some implications of this study are summarized as below. Firms may utilize this model as a tool for the analysis of their optimal size of the facilities and operation. Also, the government may refer the results to regulate resonable size of business.

• Korean Journal of Construction Engineering and Management
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• v.17 no.5
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• pp.71-77
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• 2016

Solar energy is a viable source to replace fossil fuels. However, challenges associated with site selection for solar panel installation inhibit the uptake of solar energy systems. Expressway slopes offer a potentially attractive alternative for solar panel installation for the following reasons: expressway slopes are vacant public sites, they are abundant (about 4,193km in South Korea), and they are linear in nature. Traditoinally when selecting sites for solar systems conventional surveying methods are employed. Unfortunately, these methods can be dangerous, time consuming, and labor intensive. To overcome these limitations of conventional site selection methodologies, we propose an automated approach using numerical maps. First, contour and expressway polylines are extracted separately from numeric maps. The extracted contour lines are then converted into a digital terrain model; this is used to calculate aspect and slope information. Next, the extracted expressway lines are projected onto a binary image and refined to recover the disconnections, and then applied to create a buffer zone to narrow the search space. Finally, all data sets are overlaid to identify candidate sites for solar panel systems and are visually verified through comparisons with aerial photos.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2023.05a
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• pp.121-122
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• 2023

As containerized maritime transport began in earnest, the size of container ships has steadily increased, and recently, the operation of 24,000 TEU-class vessels has become regular. However, concerns about the efficiency and productivity of such mega container ships from a port operational perspective have continued to be raised. The 10^th Busan International Port Conference requested an in-depth study on the trends of container ship enlargement by analyzing the order status of ultra-large container ships from major global liners. Generally, the factor that drives the upsizing of ships is the realization of economies of scale that lowers transportation costs per TEU, which leads to a higher level of cost reduction per unit transportation compared to the increase in fuel consumption due to transporting large amounts of cargo with a single ship. However, it is necessary to examine whether this trend of container vessel enlargement is feasible for port operations. To this end, this study compares and analyzes the productivity and efficeiency of different ship sizes to evaluate the effect of ship size on port operations.