• Management Science and Financial Engineering
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• 제20권1호
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• pp.11-16
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• 2014

Extending from Grossman and Stiglitz (1980), we provide an asset pricing model of a synchronously traded cross-listed pair under information asymmetry. Following Garbade and Silber (1983), the model further embraces multi-market price discovery in a dynamic framework. The implications are as follows: The price sensitivity of holdings is higher for informed traders than for uninformed traders; the largest cross-border price spread occurs in the absence of arbitrageurs; price discovery is more likely in markets with a larger population of informed traders; and parity convergence accelerates with a higher price elasticity of demand of arbitrageurs.

• 대한전기학회논문지:전력기술부문A
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• 제54권9호
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• pp.461-466
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• 2005

This paper addresses the bidding strategies of a hydro generator in an electricity market, and their effect on the electricity market in accordance with some parameters: the water volume, the demand elasticity, and the hydro unit performance. The competition of a hydro generator is formulated as a hi-level optimization problem, and the solving scheme for the equilibrium condition is proposed as a set of nonlinear simultaneous equations. The equilibrium of the oligopolistic model is evaluated by comparison with that of a perfect competition model from the viewpoint of a market power. Simulation results show some parameters have an influence on the market power of an electricity market including a hydro generator.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2011년도 제42회 하계학술대회
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• pp.642-643
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• 2011

스마트그리드 구현에 실시간요금제 적용이 핵심으로 등장하고 있다. 실시간요금제 적용 시 전력수요의 변동을 시뮬레이션하기 위하여 2005년부터 2009년의 전자식전력량계 계량데이터를 이용하여 전력 수요의 가격탄력성을 구하였다. 가격탄력성을 산출하기 위하여 시계열 분석과 횡단면 분석을 동시에 수행할 수 있는 패널모형 분석을 적용하였으며, 국내 전기요금에 대하여 계약종별, 산업분류별 가격탄력성을 실시간 요금제에 대비하여 1시간 단위로 구하였다. 국내 전력수요의 가격탄력성은 계약종별 및 산업분류별로 대부분의 경우 -0.1 이내로 산출되어 가격탄력성이 매우 낮게 나타났다. 산업분류별로 가격탄력성을 산출함으로써 통계적 유의수준이 높게 나타났다.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2000년도 하계학술대회 논문집 A
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• pp.19-21
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• 2000

This paper presents a game theory application for analyzing power transactions and market design in a deregulated energy marketplace such as PoolCo. The conventional least-cost approaches for the generation resource schedule can not exactly handle recent real-world situations. A systematic tool using game theory for the market participants is presented such that it determines the net profits through the optimal bidding strategies including the strategies for the bidding prices and bidding generations. We treat this power transaction game as incomplete information one, which means each market participants does not know other's cost function. And the demand elasticity of the energy price is considered for the realistic modeling of the deregulated marketplace.

• 자원ㆍ환경경제연구
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• 제9권1호
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• pp.49-69
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• 1999

본 연구는 1983년부터 1996년까지의 월별 자료를 이용하여, 전력 수요의 장기 탄력성을 추정하였다. 공적분모형인 Stock-Watson(1993)의 동태적 OLS(Dynamic OLS) 모형을 이용하여, 전력수요의 장기가격탄력성과 소득탄력성을 추정하였다. 장기균형식을 이용한 결과를 살펴보면, 실질국내총생산의 장기탄력성은 0.23으로 나타났으며, 실질전력요금의 장기탄력성은 -0.12로 추정되었다. 이와 같은 결과는 가격과 소득이 전력수요에 직접적 영향을 미치는 것을 의미한다. 단기오차수정모형에서 오차수정항의 계수는 -0.23으로 추정되었으며, 이는 단기적으로 장기수요곡선을 이탈하였을 경우 단기적 불안정이 새로운 균형을 찾아가는 기간이 약 4.4 개월 걸리는 것을 의미한다.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 제36회 하계학술대회 논문집 A
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• pp.807-809
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• 2005

This paper addresses the bidding strategies of a hydro generator in an electricity market, and their effect on the electricity market in accordance with some parameters: the water volume, the demand elasticity, and the hydro unit performance. The competition of a hydro generator is formulated as a hi-level optimization problem, and the solving scheme for the equilibrium condition is proposed as a set of nonlinear simultaneous equations. The equilibrium of the oligopolistic model is evaluated by comparison with that of a perfect competition model from the viewpoint of a market power.

• 한국주거학회논문집
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• 제11권2호
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• pp.51-62
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• 2000

Despite the massive housing production since the 1990's, housing affordability of rental households has not been substantially improved. The objective of this study was to investigate housing consumption behavior of rental households. Numerous literatures pertaining to the subject were thoroughly reviewed. SPSS PC+ for window was used to analyze the data collected to Korea Research Institute for Human Settlements(KRIHS) in 1999. The major findings are highlited as follows: The results shows a statistically significant difference in housing consumption behavior according to household income, the age of householder, number of family. And estimation of the willingness to pay revealed that low income families are influenced on the rental price and the income elasticity of demand is high.

• Journal of applied mathematics & informatics
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• 제20권1_2호
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• pp.327-343
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• 2006

A general methodology is suggested to solve shelf-space allocation problem of retailers. A multi-item inventory model of breakable items is developed, where items are either complementary or substitute. Demands of the items depend on the amount of stock on the showroom and unit price of the respective items. Also demand of one item decreases (increases) due to the presence of others in case of substitute (complementary) product. For such a model, a Contractive Mapping Genetic Algorithm (CMGA) has been developed and implemented to find the values of different decision variables. These are evaluated to have maximum possible profit out of the proposed system. The system has been illustrated numerically and results for some particular cases are derived. The results are compared with some other heuristic approaches- Simulated Annealing (SA), simple Genetic Algorithm (GA) and Greedy Search Approach (GSA) developed for the present model.

• 한국화재소방학회논문지
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• 제12권4호
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• pp.31-40
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• 1998

고온에 노출된 콘크리트 미세조직의 변화가 강도에 미치는 영향을 규명하기 위하여 현 재 건설현장에서 가장 많이 이용하고 있는 배합비와 쇄석으로 시험체를 제작하여 고온에 노출시킨 후 SEM!EDX, XRD 및 DSC-TG로 분석하여 각 온도별로 강도와 미세조직 특 성을 분석하였다.

• 한국의류학회지
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• 제28권3_4호
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• pp.403-413
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• 2004

The purpose of this study was to investigate to wearing practices and consumer needs for stockings. 503 subjects were surveyed in 2002. Data were analyzed by frequency, $\chi$$^2$, ANONA(LSD) and factor analysis. The results were as follows; 1) Many subjects considered the colors, but a very few of them considered the components and handling signs when purchase their stockings. These tendencies show meaningful differences according to their ages, jobs and the status of whether they are married or single. The wearing rates of stockings show differences according to their physical characteristics and social demographical variables. 2) They demand that the exact fiber contents and the mixture ratios which the stockings have should be indicated, and also want the sizes of the stockings to be indicated by three steps according to their body sizes, and they ask that the stockings have more various colors. They required that the stockings should have good ventilation, durability, warmth-keeping, hygroscopicity and elasticity in leg parts, and anti static electricity or bacteria.