• 제어로봇시스템학회논문지
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• 제16권11호
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• pp.1025-1028
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• 2010

This paper presents a new approach to analyze the stability of dynamic competitive markets within the framework of supervisory control of discrete event systems. A competitive market is representative of free market economy where it is well known that an invisible hand (also referred to as Walrasian auctioneer) always achieves an equilibrium of demand and supply. Upon the framework of supervisory control theory, this paper shows that Walrasian auctioneer is a stabilizing supervisor for a convergent competitive market, however a non-convergent competitive market (e.g. a free market under economic bubble and depression) controlled by Walrasian auctioneer may not be stable.

• 대한전기학회논문지:전력기술부문A
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• 제53권9호
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• pp.521-528
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• 2004

The demise of the native franchise markets and the emergence of competitive markets in electricity generation service is substantially altering the way that operation and planning activity is conducted and is making it increasingly difficult for market participants such as generation firms to prospect the future electricity markets. Traditional generation expansion planning (GEP) problems which centrally determine the least-cost capacity addition plan that meets forecasted demand within pre-specified reliability criteria over a planning horizon (typically 10 to 20 years) is becoming no more valid in competitive market environments. Therefore, it requires to develop a new methodology for generation investments, which is applicable to the changed electric industry business environments and is able to address the post-privatization situation where individual generation firms seek to maximize their return on generation investments against uncertain market revenues. This paper formulates a new generation expansion planning problem and solve it in a market-oriented manner.

• 산경연구논집
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• 제9권4호
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• pp.19-26
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• 2018

Purpose - This study measures how competitive securities broker-dealers are in the Korean financial markets. It aims to test whether the markets are perfectly competitive or monopolistic since the global financial crisis of 2008. Research design, data, and methodology - We apply the method developed by Panzar and Rosse (1987), H-statistics, which offers an index for the competitiveness as well as statistical tests. The dataset in use is retrieved mainly from the quarterly statements of the financial services companies by the Financial Statistics Information System of the Financial Supervisory Service. General information on officers and employees is utilized in addition to balance sheets and income statements of securities companies. Results - H-statistics for 2009-2015 is about 0.7 that is a robust estimate regardless of model specifications such as full trans-log, partial trans-log, and Cobb-Douglas regression equations. H-statistics for each year is also computed in similar ways in that it varies between 0.3 and 0.9. Conclusions - Since the global financial crisis, H-statistics concludes that securities broker-dealer markets in Korea is neither perfectly competitive nor monopolistic. It evidences that the markets are rather monopolistically competitive. The trend in annual H-statistics leads to the same conclusion but the result is not such stable that overall H-statistics implies.

• 한국철도학회논문집
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• 제11권5호
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• pp.455-464
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• 2008

최근 유럽의 교통시장은 이전과는 다른 큰 변화를 겪고 있다. 변화의 핵심은 지역통합에 따른 철도교통망의 정비와 철도교통시장의 개방과 경쟁체제의 도입이다. 유럽위원회(European Commission)는 정책적으로 서비스 향상을 위해 시장을 개방하고 새로운 사업자의 진입보장을 추진하고 있다. 본 논문에서는 철도교통의 경쟁가능성의 검토와 사례분석을 통한 경쟁의 성과를 살펴보고 우리나라에의 적용방향을 제시하였다. 철도교통의 경우 국가운영이라는 특수성과 높은 투자비용 등으로 경쟁보다는 쪽-전성이 인정되어 왔다. 그러나 최근 유럽의 경우, 유럽연합이라는 특수성과 유럽각국이 가지고 있는 지방권이라는 개념을 통해 중앙정부와 지역단위에서 경쟁체제의 도입이 추진되고 있다. 여기에서는 사례분석을 통해 경쟁체제를 도입한 국가에서 수송량 향상이라는 성과가 나타나고 있다고 분석하고, 이는 향후 가속화될 것이라고 전망하였다. 아울러 철도교통시장에서의 경쟁체제의 도입가능성에 대해 논의가 이론적으로나 경험적으로 보다 더 활성화될 수 있다는 것을 확인하였다. 따라서 향후 우리나라의 경우도 향후 철도서비스의 향상과 비용절감 등을 위해 철도시장의 경쟁체제를 도입하는 문제를 심각하게 검토해 볼 필요가 있다고 하겠다. 이를 위해서는 철도시장의 성장가능성, 새로운 경쟁자의 참여 가능성, 비용구조와 PSO의 보다 정확한 정의, 기술적인 문제의 해결 등 선결조건에 대한 면밀한 검토가 의다 깊게 이루어져야 할 것이다.

• 대한전기학회논문지:전력기술부문A
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• 제52권9호
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• pp.542-549
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• 2003

In this paper, a novel approach to generator maintenance scheduling strategy in competitive electricity markets based on non-cooperative dynamic game theory is presented. The main contribution of this study can be considered to develop a game-theoretic framework for analyzing strategic behaviors of generating companies (Gencos) from the standpoints of the generator maintenance-scheduling problem (GMP) game. To obtain the equilibrium solution for the GMP game, the GMP problem is formulated as a dynamic non-cooperative game with complete information. In the proposed game, the players correspond to the profit-maximizing individual Gencos, and the payoff of each player is defined as the profits from the energy market. The optimal maintenance schedule is defined by subgame perfect equilibrium of the game. Numerical results for two-Genco system by both proposed method and conventional one are used to demonstrate that 1) the proposed framework can be successfully applied in analyzing the strategic behaviors of each Genco in changed markets and 2) both methods show considerably different results in terms of market stability or system reliability. The result indicates that generator maintenance scheduling strategy is one of the crucial strategic decision-makings whereby Gencos can maximize their profits in a competitive market environment.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2006년도 제37회 하계학술대회 논문집 A
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• pp.408-409
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• 2006

In this paper, we surveyed researches on the generation maintenance scheduling in competitive electricity markets. Maintenance scheduling can be one of the strategies submitted by market participants in electricity market. Many researches on the maintenance scheduling were preceded with or without transmission system. They have their own specific algorithm for ISO to operate, and control the maintenance schedules. This paper is focused on the survey on the generator and transmission system maintenance scheduling in competitive electricity markets.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2003년도 하계학술대회 논문집 A
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• pp.643-645
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• 2003

In competitive electricity markets, each GenCo establishes generator maintenance schedule and submits to ISO those. Then, ISO reviews and arranges maintenance schedule of each GenCo to meet the standard for reliability. This paper presents the new optimization model which can apply to competitive electricity markets. The object of this model is to minimize schedules variation of each GenCo and to satisfy system reliability.

• 기술경영경제학회:학술대회논문집
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• 기술경영경제학회 1996년도 제10회 동계학술발표회 논문집
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• pp.154-178
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• 1996

This paper applies the technology-gap trade theory to explaining radical changes in the competitive positions of countries in world machine tool markets over the last three decades. It develops the notion that the innovation gaps in machine tools among countries led to the inter-country differences in the competitive performance in the sector as well as in its user sectors. Since competitive advantage largely depends on a capability to improve, create and apply technology to market competition, a higher innovative performance in one country than another is closely related to a higher innovative performance. A higher innovative performance in machine tools is also associated with a higher competitive performance of the large areas of its user sectors, due to sectoral interdependences and externalities generated by machine tool innovations. The results of empirical investigation through a panel data analysis show that the international gaps in machine tool innovations appeared to have a positive significant relationship with the differences in the export performance of both the machine tool sector and its user sector across countries.

• 제어로봇시스템학회:학술대회논문집
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• 제어로봇시스템학회 2005년도 ICCAS
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• pp.271-274
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• 2005

Under competitive power markets, various long-term and short-term contracts based on spot price are used by producers and consumers. So an accurate forecasting for spot price allow market participants to develop bidding strategies in order to maximize their benefit. Artificial Neural Network is a powerful method in forecasting problem. In this paper we used Radial Basis Function(RBF) network to forecast spot price. To learn ANN, in addition to price history, we used some other effective inputs such as load level, fuel price, generation and transmission facilities situation. Results indicate that this forecasting method is accurate and useful.

• 전기학회논문지
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• 제56권2호
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• pp.260-267
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• 2007

Systematic studies on the dispatch scheduling algorithm can enhance the efficiency of electricity market operation. In addition, as the dispatching policies in competitive electricity markets directly affect the market participants' profits, the dispatch scheduling procedure should be reasonable, systematic, and transparent. In this paper, we propose an unconstrained/constrained pre-dispatch scheduling algorithm and develop corresponding programs applicable to wholesale electricity markets.