• Title/Summary/Keyword: Demand and Supply Curves

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Modeling of an Electricity Market Including Operating Reserve and Analysis of Supplier's Bidding Strategies

  • Shin Jae-Hong;Lee Kwang-Ho
    • KIEE International Transactions on Power Engineering
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    • v.5A no.4
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    • pp.396-402
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    • 2005
  • In an electricity market with imperfect competition, participants devise bidding plans and transaction strategies to maximize their own profits. The market price and the quantity are concerned with the operation reserve as well as the bidding system and demand curves in an electricity market. This paper presents a market model combined by an energy market and an operating reserve market. The competition of the generation producers in the combined market is formulated as a gaming of selecting bid parameters such as intersections and slopes in bid functions. The Nash Equilibrium (NE) is analyzed by using bi-level optimization; maximization of Social Welfare (SW) and maximization of the producers' profits.

A Study on the Evaluation of Design of Road Horizontal Alignments Based on the Operating Speed (주행속도 기반 도로 평면선형 설계 안전성 평가연구)

  • Kim, Yong-Seok;Cho, Won-Bum
    • Journal of Korean Society of Transportation
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    • v.22 no.7 s.78
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    • pp.25-32
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    • 2004
  • It is implicated in the current road design manual that design speed is well representing the operating speed of drivers. On the contrary, the disparity between the design speed and operating speed means that current road design cannot guarantee the safety and comfort of driving. In this context, operating speed was observed at the two lane rural roadways to find out the relation of operating speed and design speed. In addition to this, the friction factor from supply and demand which was derived from the operating speed was compared in terms of the dynamics in driving safety factor. It was concluded that the actual speed was consistently exceeding the design speed at the horizontal curves having the radius less than or equal to 200 m. Similarly, the demanded side friction was also consistently exceeding the supplied side friction at the horizontal curves having the radius less than or equal to 200 m and the amount of difference was also inversely proportional to the radius of the horizontal curves.

A Study on the Estimation Method of Daily Load Curve for the Optimization Design and Economic Evaluation of Stand-alone Microgrids Based on HOMER Simulation in Off-Grid Limiting the Supply of Electricity (제한급전하는 오프그리드의 독립형 마이크로그리드 최적 설계 및 경제성 평가를 위한 일부하곡선 추정 방안에 관한 연구)

  • Nam, Yong-Hyun;Youn, Seok-Min;Kim, Jung-Hoon;Hwang, Sung-Wook
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.68 no.1
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    • pp.27-35
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    • 2019
  • There is a growing interest in various microgrid solutions that supply electricity 24 hours a day to off-grid areas where are not connected with the main grid, and Korea has many positive effects by constructing overseas microgrids as a country operating the emission trading scheme. Since it is not clear how to obtain load curves that is one of the inputs of the HOMER used to design a microgrid optimization plan, or it is necessary to examine whether electricity is supplied to the peak load level of the areas where have not received the electricity benefits from the viewpoint of the demand management, a methodology should be developed to know the load composition ratio and the shape of the daily load curve. In this paper, the relative coefficient and average load information for each load group obtained from the survey are used besides peak load and total average load. A mathematical model is proposed to derive the load composition ratio in the form of a Quadratic Programming and the load forecasting is performed using simple linear regression with future indicators. The effectiveness of the proposed method is confirmed for the Philippine island region supported by Korea Energy Agency and the Asian Development Bank.

Experimental Study on Unconfined Compression Strength and Split Tensile Strength Properties in relation to Freezing Temperature and Loading Rate of Frozen Soil (동결 온도와 재하속도에 따른 동결토의 일축압축 및 쪼갬인장 강도특성)

  • Seo, Young-Kyo;Choi, Heon-Woo
    • Journal of Ocean Engineering and Technology
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    • v.26 no.6
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    • pp.19-26
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    • 2012
  • Recently the world has been suffering from difficulties related to the demand and supply of energy due to the democratic movements sweeping across the Middle East. Consequently, many have turned their attention to never-developed extreme regions such as the polar lands or deep sea, which contain many underground resources. This research investigated the strength and initial elastic modulus values of eternally frozen ground through a uniaxial compression test and indirect tensile test using frozen artificial soil specimens. To ensure accurate test results, a sandymud mixture of standard Jumunjin sand and kaolinite (20% in weight) was used for the specimens in these laboratory tests. Specimen were prepared by varying the water content ratio (7%, 15%, and 20%). Then, the variation in the strength value, depending on the water content, was observed. This research also established three kinds of environments under freezing temperatures of $-5^{\circ}C$, $-10^{\circ}C$, and $-15^{\circ}C$. Then, the variation in the strength value was observed, depending on the freezing environment. In addition, the tests divided the loading rate into 6 phases and observed the variation in the stress-strain ratio, depending on the loading rate. The test data showed that a lower freezing temperature resulted in a larger strength value. An increase in the ice content in the specimen with the increase in the water content ratio influenced the strength value of the specimen. A faster load rate had a greater influence on the uniaxial compression and indirect tensile strengths of a frozen specimen and produced a different strength engineering property through the initial tangential modulus of elasticity. Finally, the long-term strength under a constant water content ratio and freezing temperature was checked by producing stress-strain ratio curves depending on the loading rate.

The mobility of the triangular hub cities against a cause of workers' transfer(Germany, Poland, Hungary) (노동자 이동의 원인에 대한 삼각 허브 도시의 유동성(독일, 폴란드, 헝가리))

  • Seo, Dae-Sung
    • Journal of Digital Convergence
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    • v.18 no.8
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    • pp.21-27
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    • 2020
  • This paper studies the impact of domestic and foreign economic activity on mobility among regions. The shortage of human resources and demand continues in Eastern Europeans. Especially Ukrainians, have entered the Polish labor market to make up for the scarce areas. As a result, Poland's supply and demand in Ukraine is disproportionate. Minimum wage increases are putting continued pressure on employers. Therefore, the regression equation in the form of job-seeker's economic activity ratio, y= AX2+B,(x=settlers) can be used to grasp the relationship between curves. According to the domestic and foreign workers who migrated, economic activities was rather than increasing the local population, the settlers of nearby large cities is more proportional. Empirical analysis has shown that the human resource hub has increased migration to large cities and industrial. The hub 'A'nation has been created for mobility in 4th wave re-industry, and the same re-industrialization (N2) in other cities has attracted nearby human resources, but not settle. After all, the hub relationship between N1 and N2 is a mobile relationship. Due to wage inequality or a positive wellbeing chasm, workers are not settled plant area but a nearby city, or commuting between borders is easy to go into the hub central city. However, this proved on emerging from the relatively temporary settlers in the AI era.

Economic Welfare Study on Seasonal and Time Period Electricity Pricing (계시별 전력가격에 대한 경제적 후생 연구)

  • Yoo, Young-Hoon;Kim, SungSoo
    • Environmental and Resource Economics Review
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    • v.14 no.2
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    • pp.519-547
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    • 2005
  • The aim of this study is to analysis how economic welfare lost happens within the present korea seasonal and time period electricity pricing system and find out reasonable electricity price system acceptable during the transitional period of korea electricity industry restructuring To analyze economic welfare lost in the electricity industry, in advance seasonal and time periodic 9 demand curves(summer, spring &fall, winter/peak-load time, middle-load time, low-load time) and one market supply curve are made and then using these demand and supply curve, seasonal and time periodic market equilibrium prices is calculated. Finally, comparing these market equilibrium prices with present regulated classified seasonal and time periodic prices, the whole economic welfare lost in the electricity industry is calculated. The result of this study shows that in 2002, the total economic welfare lost in electricity industry is 137,770 million Won and under present price system, the worst welfare lost is happening seasonally in spring & fall, time periodically in the middle-load time. Specifically analyzing the characteristics of welfare lost, especially on the industry customers and service customers which are applied in seasonal and time periodic pricing, for the industry customers, the welfare lost calculated in this class occupies 51% of the total welfare lost in the whole electricity industry and the worst welfare lost is happening seasonally in spring & fall, time periodically in the middle-load time. For service customers, the welfare lost calculated in this class occupies 13% of the total welfare lost in the whole electricity industry and the worst welfare lost is happening seasonally in summer, time periodically in the peak time Finally, this study was made based on the year of 2002 and KEPCO has practiced two times of rate change until now. The result of rate change was positively analyzed in the direction of economic welfare improvement(welfare improvement achieved by 16.3% compared to 2002 result).

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