• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.8
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• pp.1033-1038
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• 2014

Electric vehicles should be connected to power system for charge and discharge of battery. Besides vehicle's battery is charged for a power source, it is also reversibly possible to provide power source from battery to power system. Researches on battery usage for regulation resources have been progressed and could cause cost increase excessively because they distribute regulation capacity equally without considering the battery wear cost of SOC, temperature, voltage and so on. This causes increase of grid maintenance cost and aggravate economical efficiency. In this paper it is studied that the cost could be minimized according to the battery condition and characteristic. The equation is developed in this paper to calculate the possible number of charge and discharge cycle, according to SOC level and weighting factors representing the relation between battery life and temperature as well as voltage. Thereafter, the correlation is inferred between the battery condition and wear cost reflecting the battery price, and the expense of compensation is decided according to the condition on battery wear-out of vehicle. In addition, using realtime error between load and load expectation, it is calculated how much regulation capacity should be provided.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.29 no.4
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• pp.85-94
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• 2015

Recently, research on the smart grid that combines ICT(Information & Communication technology) to the power system has been actively progressed. If the occupancy of the EV(Electric vehicle) is increased. the V2G(Vehicle to grid) system is available which constitutes the micro-grid through battery of EV. V2G system performs load leveling and efficient energy consumption by battery operation considering load condition. But, if the battery is used only depending on the electricity rates, it doses not consider the life of the battery. The ACC(Achievable cycle) and the total transferable energy of battery varies corresponding to the selected DOD(Depth of discharge). In this paper, the optimal DOD selection method of V2G system considering battery wear cost and average driving distance of EV. Also, the total revenue prediction of various nation is presented considering the actual electricity costs per hour.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.43
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• pp.357-364
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• 1997

After the buyer purchases the product, the seller's role does not end. If the product fails to function properly before the end of the warranty period, the seller is responsible for its repair or replacement under the seller's warranty policy. There are two common types of warranty policies: the free replacement warranty and the rebate warranty. Under the free replacement warranty policy, replacement or repairs during the warranty period are provided by the seller free of charge to the buyer. Under the rebate warranty policy, a failed item is replaced by a new one or is repaired at a cost to the age of the failed item. The rebate warranty is most often used for items such as a battery or an automobile tire which wear out and must be replaced at failure. This paper proposes a easy way of estimating the warranty cost under the free replacement warranty policy assuming an exponential product failure function on repairable products.

• Environmental and Resource Economics Review
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• v.30 no.2
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• pp.237-268
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• 2021

As variable renewable sources rapidly increase due to the Energy Transition plan, integration cost of renewable sources to the power system is rising sharply. The increase in variable renewable energy reduces the capacity factor of existing traditional power capacity, and this undermines the efficiency of the overall power supply, and demand resources are drawing attention as a solution. In this study, we analyzed how much electric vehicle demand resouces, which has great potential among other demand resources, can reduce power supply costs if it is used as a flexible resource for renewable generation. As a methodology, a stochastic form of power system optimization model that can effectively reflect the volatile characteristics of renewable generation is used to analyze the cost induced by renewable energy and the benefits offered by electric vehicle demand resources. The result shows that virtual power plant-based direct control method has higher benefits than the time-of-use tariff, and the higher the proportion of renewable energy is in the power system, the higher the benefits of electric vehicle demand resources are. The net benefit after considering commission fee for aggregators and battery wear-and-tear costs was estimated as 67% to 85% of monthly average fuel cost under virtual power plant with V2G capability, and this shows that a sufficient incentive for market participation can be offered when a rate system is applied in which these net benefits of demand resources are effectively distributed to consumers.