• KIPS Transactions on Computer and Communication Systems
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• v.1 no.3
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• pp.133-142
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• 2012

Cournot model is one of representative models among many game theoretic approaches available for analyzing competitive market models. Recent years have witnessed various kinds of attempts to model competitive electricity markets using the Cournot model. Cournot model is appropriate for oligopoly market which is one characteristic of electric power industry requiring huge amount of capital investment. When we use Cournot model for the application to electricity market, it is prerequisite to assume the downward sloping demand curve in the right direction. Generators in oligopoly market could try to maximize their profit by exercising the market power like physical or economic withholding. However advanced electricity markets also have demand side bidding which makes it possible for the demand to respond to the high market price by reducing their consumption. Considering this kind of demand reaction, Generators couldn't abuse their market power. Instead, they try to find out an equilibrium point which is optimal for both sides, generators and demand. This paper suggest a quantitative analysis between market variables based on econometrics for estimating demand responses in smart grid environment.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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• 2008.10a
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• pp.57-60
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• 2008

As the technology of a large scale battery have advanced, it's application to the electric power network have been active in foreign country. By providing the electric power energy stored in the electric power storage system when needed, there are many advantages that it is able to reduce the gap between the electric power demand and supply for day and night to increase capacity factor, to upgrade the electric power quality degraded from the unbalance between power demand and supply and to compensate the fluctuation of wind power plant and photovoltaic power generation. In this study, the current application of electric power storage system using battery is introduced in detail, and I have thought out it's application fields based on the foreign examples. These are demand side response, upgrade of the power quality, stabilization of fluctuation of renewable energy and distributed generation for filling elapse.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.408-417
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• 2022

Although traditionally perceived as being a visualization and asset management resource, the relatively rapid rate of improvement of computing power, coupled with the proliferation of cloud and edge computing and the IoT has seen the expanded functionality of modern Digital Twins (DTs). These technologies, when applied to buildings, are now providing users with the ability to analyse and predict their energy consumption, implement building controls and identify faults quickly and efficiently, while preserving acceptable comfort and well-being levels. Furthermore, when these building DTs are linked together to form a community DT, entirely new and novel energy management techniques, such as demand side management, demand response, flexibility and local energy markets can be unlocked and analysed in detail, creating circularity in the economy and making ordinary building occupants active participants in the energy market. Through the EU Horizon 2020 funded TwinERGY project, three different levels of DT (consumer - building - community) are being created to support the creation of local energy markets while optimising building performance for real-time occupant preferences and requirements for their building and community. The aim of this research work is to demonstrate the development of this new, interrelated, multi-level DT that can be used as a decision-making tool, helping to determine optimal scenarios simultaneously at consumer, building and community level, while enhancing and successfully supporting the community's management plan implementation.

• Proceedings of the KIEE Conference
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• 2003.07a
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• pp.649-651
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• 2003

In the framework of competitive electricity market, the Market Power due to the transmission congestion, lack of demand-side response, various uncertain factors etc. have been significant problem. This paper reviews the market rules of Korea power system and the uplift scheme for constrained on/off generators. Then, this paper points out several problems and the mitigation measures of local market power concerning the compensation for constrained-off generators.

• Korean System Dynamics Review
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• v.5 no.1
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• pp.49-71
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• 2004

Demand-side Management can be defined as'any utility activity aimed at modifying customers' use of energy to produce desired changes in the utility's load shape'. Customers benefit by being able to control energy costs and improve quality of life and become more productive. Utilities benefit from DSM's value as a resource that enhances asset utilization and reduces both fuel costs and environmental emissions. The scope of DSM includes load management through rate schedules and conservation by improving energy effciency and using electricity consumption effectively. This paper study the DSM resource evaluation and customer behavior analysis todesign the DSM Program plan in response to customer needs. We develop basic system dynamics model to analysis the customer behavior based on a survey research. The DSM Program participants in the Hi- efficiency Inverter, Electric motor and efficient lighting applicancies operating by Conservation program 2002 become the survey objects. DSM resource evaluation evaluate firstt the distribution potentialities of each machine and then forecast the degree of diffusion. We apply the system dynamic approach to simulate the dynamic DSM market situation at the domestic beginning. This model will give the energy Planner the opportunity to create different scenarios for DSM program planning. Also it will lead to increased understanding of the dynamic DSM market

• Journal of Korea Port Economic Association
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• v.39 no.2
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• pp.195-204
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• 2023

In this study, the causes of the boom in the container shipping industry pointed out by the media were analyzed. As a result of the analysis, it was found that on the supply side, shipping companies mooring ships in response to IMO environmental regulations caused a rise in freight rates due to 'ships that could not be operated' even if demand increased. In terms of demand, it was determined that the claim that social distancing promoted purchases and increased demand was somewhat unfounded. The reason is that the relationship between social distancing and rising fares is weak.

• Journal of Electrical Engineering and Technology
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• v.10 no.3
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• pp.804-811
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• 2015

The presence of responsive loads in the promising active distribution networks (ADNs) would definitely affect the power system problems such as distributed generations (DGs) studies. Hence, an optimal procedure is proposed herein which takes into account the simultaneous placement of DGs and smart meters (SMs) in ADNs. SMs are taken into consideration for the sake of successful implementing of demand response programs (DRPs) such as direct load control (DLC) with end-side consumers. Seeking to power loss minimization, the optimization procedure is tackled with genetic algorithm (GA) and tested thoroughly on 69-bus distribution test system. Different scenarios including variations in the number of DG units, adaptive power factor (APF) mode for DGs to support reactive power, and individual or simultaneous placing of DGs and SMs have been established and interrogated in depth. The obtained results certify the considerable effect of DRPs and APF mode in determining the optimal size and site of DGs to be connected in ADN resulting to the lowest value of power losses as well.

• Journal of Power Electronics
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• v.9 no.6
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• pp.919-928
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• 2009

Microgrids (MGs) are typically comprised of distributed generators (DGs) including renewable energy sources (RESs), storage devices and controllable loads, which can operate in either interconnected or isolated mode from the main distribution grid. This paper introduces a novel dynamic programming (DP) approach to MG optimization which takes into consideration the coordination of energy supply in terms of heat and electricity. The DP method has been applied successfully to several cases in power system operations. In this paper, a special emphasis is placed on the uncontrollability of RESs, the constraints of DGs, and the application of demand response (DR) programs such as directed load control (DLC), interruptible/curtaillable (I/C) service, and/or demand-side bidding (DSB) in the deregulated market. Finally, in order to illustrate the optimization results, this approach is applied to a couple of examples of MGs in a certain configuration. The results also show the maximum profit that can be achieved.

• Journal of Information Processing Systems
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• v.11 no.1
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• pp.116-124
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• 2015

Smart grids propose new solutions for electricity consumers as a means to help them use energy in an efficient way. In this paper, we consider the demand-side management issue that exists for a group of consumers (houses) that are equipped with renewable energy (wind turbines) and storage units (battery), and we try to find the optimal scheduling for their home appliances, in order to reduce their electricity bills. Our simulation results prove the effectiveness of our approach, as they show a significant reduction in electricity costs when using renewable energy and battery storage.

• Proceedings of the Earthquake Engineering Society of Korea Conference
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• 1997.04a
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• pp.173-181
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• 1997

To investigate the effects of haunch repair on the system seismic performance of steel moment-resisting frames (steel MRFs), a case study was conducted for a 13-story frame damaged during the 1994 Northridge earthquake. It was assumed that only those locations with reported damage would be repaired with haunches. A new analytical modeling technique for the dual panel zone developed by the author was incorporated in the analysis. Both the inelastic static and dynamic analyses did not indicate detrimental side effects resulting from the repair. As a result of the increased strength in dual panel zones, yielding in these locations were eliminated and larger plastic rotation demand occurred in the beams next to the shallow end of the haunches. Nevertheless, the beam plastic rotation demand produced by the Sylmar record of 1994 Northridge earthquake was still limited to 1.7% radians. The repair resulted in a minor increase in earthquake energy input. In the original structure, the panel zones should dissipate about 80%(for the Oxnard record) and 70%(for the Sylmar record) of the absorbed energy, assuming no brittle failure of moment connections. After repair, the energy dissipated in the panel zones and beams were about equal.