• Proceedings of the KIEE Conference
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• 2002.11b
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• pp.108-110
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• 2002

Power System deregulation has become a worldwide trend which introduces competition in electric power system in order to realize efficient electricity production and investment. In this regard, it is very important to develop an electricity market simulator so that it is to analyze power market and study bidding strategies, market operation and market power and train market participants. In this paper, we introduce general functions and a structure of market simulator, also design the framework of the Korean market simulator based on core concepts of electricity market simulator.

• Management Science and Financial Engineering
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• v.11 no.3
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• pp.61-78
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• 2005

The aim of this paper is to identify the barriers to the B2B e-commerce development in China's pharmaceutical industry and to devise an effective strategy for its future development. Built on a detailed investigation of the market structure and recent development of electronic commerce in China's pharmaceutical industry, this paper proposes that the key issue in the development of effective B2B e-commerce business models is the successful transformation of the inter- organizational information systems into electronic marketplaces. In order to ensure the success of such electronic marketplaces, a government driven approach will be needed. In the process, designing an incentive compatible mechanism of coordinating the interest of all the market players will be the prerequisite.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.7
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• pp.311-316
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• 2002

It has been a basic model for the present electric power industry that more than two generators compete, and thereby the market clearing price and the generation schedules are determined through the bid process. In order for this paradigm to be applicable to real electric power systems and markets, it is necessary to reflect many physical and economic constraints related to frequency and transmission in the dispatching schedule. The paper presents an approach to deriving a Nash bargaining solution in a competitive electricity market where multiple generators are playing with the system operator who mitigates the transmission congestion to minimize the total transaction cost. In this study, we take the effect of the line flows and the role of system operator into the Game. Finally, a case study has been demonstrated to verify the proposed cooperative game.

• Journal of the Korea Safety Management & Science
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• v.19 no.1
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• pp.27-37
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• 2017

In the construction sites, rush (speedy construction) work have recently been overused because of budget reductions by reducing the construction duration after the long-term economic recession and construction business stagnation with institutional change including the instruction of the duration shortening bidding system and the introduction of the post-construction sales system by the Korea Research Institute for Human Settlements. Due to this, negligent accidents have frequently occurred by forcing manpower, equipment, finance, and material procurement and pressing ahead with impractical construction wok at night according to the reduction of construction schedules. Therefore, this paper has the necessity of this study to seek for alternatives to prevent negligent accidents by finding factors related to rush work in the reality that the importance for preventing negligent accidents is more emphasized while they have not been reduced in construction sites.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2009.05b
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• pp.107-111
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• 2009

This research provided the technology for the proposed bids to the efficient operation conditions for the application of the existing system of bids and bid proposal, the current technology of the institutional, problems were analyzed. The results of the technical proposal, the current bidding system has been exposed very early points, as ways to overcome these problems and to suggest effective operating plan was to define the details.

• New & Renewable Energy
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• v.20 no.1
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• pp.70-77
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• 2024

This study examines the issues regarding the selection competition process of offshore wind power operators conducted in Japan in 2020. It also explores the implications of the findings on the legal system of Korea for the introduction of offshore wind power in the future. Drawing on Japan's example, Korea must reconsider the importance of the price aspect when introducing offshore wind power and adopt policies that prioritize balanced industrial development and focus on regional and domestic economic ripple effects.

• Korean Journal of Construction Engineering and Management
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• v.21 no.2
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• pp.30-38
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• 2020

Inadequate cost management has widely been recognized as one of the most problematic areas in the Korean construction industry as many believes that public cost references are not reasonably reflecting the market conditions. 'Total Project Cost Management Guideline' developed by Ministry of Economy and Finance(MOEF) to govern public budget control has been identified as one of the main reasons for this problem. This study attempts to thoroughly review 'Total Project Cost Management Guideline' itself and quantitatively analyze the impact of it on project cost during procurement process. Different procurement methods are considered including turnkey & alternative, private contract, qualification examination, and lowest price bidding system in this quantitative impact analysis of 'Total Project Cost Management Guideline'. Analysis results shows that this governmental process works mainly as a constant cost-cutting tool throughout the procurement process.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.69-70
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• 2008

Automatic control systems(AVR, Governor, Synchronizer) installed $1970{\sim}1980$ in K-water were considered to be rehabilitated around 2000. Moreover, Korea Power Exchange market system was changed from PPA (Power Purchase Agreement) to a bidding system. Therefore, depending on the power quality, the power provider could achieve additional profits. It is the excitation system and governor that have the functions of enhancing power necessities. During the 20 to 30 years of generator operation, there were many major and minor problems. Examples are SCR burnout (Andong: Excitation system), hunting (Imha: governor), field circuit breaker failure (Chungju 1st: excitation system), the rise of leakage current (Chungju 2nd: excitation system), power supply burnout (Chungju 2nd: governor). These are the typical examples of malfunction which hindered the generator operation and, consequently, diminished the profit of power business. In order to satisfy the needs of the power market and prevent malfunctions mentioned above, the rehabilitation of AVRs and governors were executed. A new system was made to have the flexibility of ancillary service (GF, AGC, etc.), PSS function. With user friendly HMI software, it is more convenient for the operator to fulfill suitable maintenance. It was possible to connect SCADA system by opening protocol of AVR, governor for the efficiency of operation and maintenance.

• The Journal of Bigdata
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• v.3 no.2
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• pp.87-99
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• 2018

This study analyze the factors affecting the number of bidders in public contracts by collecting contract data such as purchase of goods, service and facility construction through KONEPS among various forms of public contracts. The reason why the number of bidders is important in public contracts is that it can be a minimum criterion for judging whether to enter into a rational contract through fair competition and is closely related to the budget reduction of the ordering organization or the profitability of the bidders. The purpose of this study is to analyze the factors that determine the participation of bidders in public contracts and to present the problems and policy implications of bidders' participation in public contracts. This research distinguishes the existing sampling based research by analyzing and analyzing many contracts such as purchasing, service and facility construction of 4.35 million items in which 50,000 public institutions have been placed as national markets and 300,000 individual companies and corporations participated. As a research model, the number of announcement days, budget amount, contract method and winning bid is used as independent variables and the number of bidders is used as a dependent variable. Big data and multidimensional analysis techniques are used for survey analysis. The conclusions are as follows: First, the larger the budget amount of public works projects, the smaller the number of participants. Second, in the contract method, restricted competition has more participants than general competition. Third, the duration of bidding notice did not significantly affect the number of bidders. Fourth, in the winning bid method, the qualification examination bidding system has more bidders than the lowest bidding system.

• Proceedings of the Korea Inteligent Information System Society Conference
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• 2001.01a
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• pp.78-82
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• 2001

Most of current Internet auction systems are simple server programs that partly automated the function of the conventional auction house. These system do not provide sufficient independence, distribution and parallelism between the functions of the conventional auction house. In there are automated by server program, but still users need to execute a repetitive task to monitor the dynamic progress of a certain auction, decide proper bid price, and submit the bid. Another problem is that they support only single as English auction and Dutch auction, but they do not support the double auctions are superior to the single auction with respect to speed., efficiency, and the fair distribution of profit. In this paper, we present design and implement of an agent-based continuous double auction system, called CoDABot, in order to mitigate the limitations of current auctions system. CoDABot supports continuous double auction, provides various bidding agent for users to select, and has been implemented into a multi-agent system that realize more independent, distributed, and parallel subsystems.