• Title/Summary/Keyword: Energy economics

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Game Theory for Routing Modeling in Communication Networks - A Survey

  • Pavlidou, Fotini-Niovi;Koltsidas, Georgios
    • Journal of Communications and Networks
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    • v.10 no.3
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    • pp.268-286
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    • 2008
  • In this work, we review the routing models that use game theoretical methodologies. A very common assumption in the analysis and development of networking algorithms is the full cooperation of the participating nodes. Most of the analytical tools are based on this assumption. However, the reality may differ considerably. The existence of multiple domains belonging to different authorities or even the selfishness of the nodes themselves could result in a performance that significantly deviates from the expected one. Even though it is known to be extensively used in the fields of economics and biology, game theory has attracted the interest of researchers in the field of communication networking as well. Nowadays, game theory is used for the analysis and modeling of protocols in several layers, routing included. This review aims at providing an elucidation of the terminology and principles behind game theory and the most popular and recent routing models. The examined networks are both the traditional networks where latency is of paramount importance and the emerging ad hoc and sensor networks, where energy is the main concern.

Business Cycle and Occupational Accidents in Korea

  • Kim, Dong Koo;Park, Sunyoung
    • Safety and Health at Work
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    • v.11 no.3
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    • pp.314-321
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    • 2020
  • Background: Occupational accidents occur for a variety of reasons, such as unsafe behaviors of workers and insufficient safety equipment at the workplace, but there are also various economic and social factors that can impact working conditions and working environment. This study analyzed the relationship between changes in economic factors and the occurrence of occupational accidents in Korea. Methods: Multilinear regression analysis was used as the analysis model. The general to specific method was also used, which consecutively removes statistically insignificant variables from a general model that includes dependent variables and lagged variables of dependent variables. Results: The frequency of occupational accidents was found to have a statistically significant relationship to economic indicators. The monthly number of cases of occupational injury and disease and fatal occupational injuries were found to be closely related to manufacturing capacity utilization, differences in the production index in the services sector, and commencements of building construction. The increase in equipment investment indicators was found to reduce fatal occupational injuries. Conclusion: The results of this study may be used to develop occupational accident trends or leading indicators, which in turn can be used by organizations that manage and monitor occupational accidents toward taking administrative action designed to reduce occupational accidents. The results also imply that short-term and mid- to long-term economic and social changes that can impact workers, workplaces and working conditions, and workplace organizations must be taken into account if more effective government policies are to be established and implemented toward further prevention of occupational accidents.

The Impacts of Changes of Temperature and Precipitation Amount on Red Pepper Yields (기온 및 강수량 변동이 노지 건고추 단수에 미치는 영향)

  • Cho, Jae-Hwan;Suh, Jeong-Min;Kang, Jum-Soon;Hong, Chang-Oh;Kim, Jin-Ho;Lee, Sang-Gyu
    • Journal of Environmental Science International
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    • v.21 no.12
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    • pp.1503-1510
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    • 2012
  • The purpose of this article is analyzing the impacts of climate change on red pepper yield in Korea, with employing a panel data regression model. Our results show that there is a negative impacts of high temperature and precipitation amount on red pepper yields. Especially high temperature and rainfall in July cause serious damage to red pepper yield. According to the reduction schedule on greenhouse gas emission(RCP 8.5 scenario.), red pepper yield would be 25.4% lower than it is, for reasons of high temperature and rainfall damages by the end of 21st century.

Evaluating Economic Feasibility of Solar Power Generation Under the RPS System Using the Real Option Pricing Method: Comparison Between Regulated and Non-regulated Power Providers (실물옵션을 활용한 RPS 실시에 따른 태양광 발전의 경제성 평가: 공급의무 발전사와 일반 발전사와의 비교)

  • Kim, Eun-Man;Kim, Myung-Soo
    • Journal of the Korean Institute of Electrical and Electronic Material Engineers
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    • v.26 no.9
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    • pp.690-700
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    • 2013
  • This study reviewed how the changes of the government policy on solar power generation projects affected the annual mandatory quotas of the regulated power providers under the RPS (renewable portfolio standard) system and analysed economic feasibility of the investment for meeting their quotas as compared to the case of non-regulated power providers. The analysis results showed that under the discount rate of 7.5%, which was used for the annual national electricity plans for the recent years, both the regulated and non-regulated power providers achieved economic feasibility under both the NPV (net present value) method and the real option pricing method. It was also shown that higher profitability was attained by non-regulated power providers than by their regulated counterparts, which can be attributable to the fact that regulated providers are required to out-source 50% of the total quota. The results of this study are considered to be useful for establishing a meaningful mid term or long term strategy for the future of solar power generation linked to the current RPS system.

The Effect of the Characteristics of Fabrics and Subjective Sensory Images on the Off-line and On-line Preferences of Women's Suit Fabrics

  • Kim, Hee-Sook;Na, Mi-Hee
    • International Journal of Human Ecology
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    • v.13 no.1
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    • pp.105-115
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    • 2012
  • This research investigated the influences of structural characteristics such as fabrics, mechanical properties, and subjective sensory images on the off-line and on-line preferences to women's spring/summer suits fabrics to extract the most effective factor towards preference as well as analyze the preferential off-line and on-line differences to predict the exact texture image on-line. Objective evaluations were done for the measurement of the mechanical properties of fabrics using Kawabata's Evaluation System and subjective evaluations were done with 109 female subjects who value the off-line and on-line sensory image of suit fabrics. For statistical analysis, factor analysis, cluster analysis, t-test, ANOVA, and regression were used. The results were as follows. The preference scores on-line were generally higher than those off-line. For the structural characteristics of fabrics, differences of thickness were observed according to preference clusters, and the preference increased as thickness was lowered off-line and on-line. For mechanical properties, WC influenced off-line and on-line preferences. Fabrics with low compression energy were preferred; however, the effect of SMD was observed off-line only. In subjective sensory images, the 'smoothness' image influenced off-line and on-line preferences the most. All sensory images influenced the off-line preferences; however, the effects of 'flexibility' and 'weight' were not shown on-line.

The Prediction of Optimal Pulse Pressure Drop by Empirical Static Model in a Pulsejet Bag Filter (경험모델을 이용한 충격기류식 여과집진기의 적정 탈진압력 예측)

  • Suh, Jeong-Min;Park, Jeong-Ho;Lim, Woo-Taik;Kang, Jum-Soon;Cho, Jae-Hwan
    • Journal of Environmental Science International
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    • v.21 no.5
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    • pp.613-622
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    • 2012
  • A pilot-scale pulse-jet bagfilter was designed, built and tested for the effects of four operating conditions (filtration velocity, inlet dust concentration, pulse pressure, and pulse interval time) on the total system pressure drop, using coke dust from a steel mill factory. Two models were used to predict the total pressure drop according to the operating conditions. These model parameters were estimated from the 180 experimental data points. The empirical model (EM) with filtration velocity, areal density, inlet dust concentration, pulse interval time and pulse pressure shows the best correlation coefficient (R=0.971) between experimental data and model predictions. The empirical model was used as it showed higher correlation coefficient (R=0.971) compared to that of the Multivariate linear regression(MLR) (R=0.961). The minimum pulse pressure predicted by empirical model (EM) was 5kg/$cm^2$.

Economic Analysis for Introduction to Department Building of Co-generation (백화점용 건물에 열병합 도입에 따른 경제성 분석)

  • 김응상
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.16 no.4
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    • pp.92-100
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    • 2002
  • In respect of global environment protection and efficient utilization of energy, co-generation systems, which have greatly higher efficiency than the other generations, have been developed and put to practical use. Assuming that the co-generation system would be operating in H-Department of Kwang-ju city, this paper calculates the difference between the heat and electricity rates by the conventional method and the co-generation system considers the cost of new investment and analyzes introduction economics based on the return on investment. The introduction is turned out to be recommendable, since the return of investment for co-generation equipment is about five years when the co-generation profits in heat and electricity rate. Additionally, accounting for interest rate drop, improvement of environmental matters or electricity rate increase, it is shown to be even more economical.

Computational Fluid Dynamics Analysis of the Pretreatment System for Livestock BIO-GAS MGT Power Generation (바이오가스 마이크로 터빈 발전용 전처리시스템 전산유동해석)

  • Hur, Kwang-Beom;Park, Jung-Keuk;Rhim, Sang-Gyu;Kim, Jae-Hoon
    • 한국전산유체공학회:학술대회논문집
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    • 2008.03b
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    • pp.260-263
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    • 2008
  • KEPCO(Korea Electric Power Corporation) is performing the nation's first biogas-MGT project as an effort to encourage the utilization of wasted biogas which contains useful CH4. The goals of this project are to develop the Pretreatment system of Livestock bio-gas and set up the biogas-MGT co-generation system. The project will not only utilze flared biogas as precious energy but also improve the economics of the plant a lot. The pretreatment system mainly consists of sulfur removal tower, biogas compressor and many filtering systems. A computational fluid dynamics study in the bio gas sulfur removal tower and sulfur absorption filter was carried out. Understanding of the flow in the sulfur removal tower and sulfur adsorption filter obtained by this study can be used to identify the problems in the sulfur removal tower and to improve the sulfur removal efficiency of the sulfur removal tower. Resistance material modeling is used to simulate the sulfur adsorption filter, and the resistance coefficient was adjusted to reflect the experimental pressure loss value. And the pressure loss change with the flowrate is predicted

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THE LIVEWEIGHT GAIN OF CATTLE AT PASTURE IN SOUTH SULAWESI SUPPLEMENTED WITH LOCALLY AVAILABLE BY-PODUCTS

  • Till, A.R.;Hunt, M.R.;Panggabean, T.;Bulo, D.;Blair, G.J.
    • Asian-Australasian Journal of Animal Sciences
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    • v.4 no.1
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    • pp.85-90
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    • 1991
  • Weaner heifers were set stocked at 4/ha on a grass-legume pasture in South Sulawesi, Indonesia, and either unsupplemented (Control) or for 338 days given daily supplements of one of, rice bran (RB) supplied at 1 kg/animal/d, molasses/urea (MU) or 0.5 RB + 0.5 MU (MURB) the amounts of which were adjusted to give similar energy intakes. There were 20 animals in each treatment. A drought resulted in low pasture availability for about half the supplementation period. The LWG per animal in the MURB treatment was 85 kg above that of the control and this was significantly greater (p < 0.01) than those for MU (62.0 kg) or RB (56.2 kg) although the economics favoured the gains from RB which returned over three times the cost of the supplement. Costs could be reduced by supplementing only at times of maximum undernutrition, but such a strategy is of doubtful value in this situation as there was no compensatory LWG and a similar rate of economic return was maintained throughout the period. The results suggest that additional benefits from the supplementation may be improved reproductive performance and more efficient use of pasture.

Chinese Corporate Leverage Determinants

  • Ferrarini, Benno;Hinojales, Marthe;Scaramozzino, Pasquale
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.1
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    • pp.5-18
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    • 2017
  • Total debt in the People's Republic of China surged to nearly 290% as a ratio to GDP by the second quarter of 2016, mostly on account of non-financial corporate debt. The outpouring of credit to stem the impact of the global financial crisis accentuated industrial overcapacity in traditional sectors, such as steel, cement, and energy, while feeding asset bubbles in the property, equity and bond markets. At the Chinese corporate level, this has translated into weakened fundamentals and a fall in industrial profits, particularly of SOEs. As debtors struggle to service interest payments, non-performing loans (NPLs) have been on the rise. This paper assesses the financial fragility of the Chinese economy by looking at risk factors in the non-financial sector. We apply quantile regressions to a dataset containing all Chinese listed companies in Standard & Poor's IQ Capital database. We find higher sensitivity over time of corporate leverage to some of its key determinants, particularly for firms at the upper margin of the distribution. In particular, profitability increasingly acts as a curb on corporate leverage. At a time of falling profitability across the Chinese non-financial corporate sector, this eases the brake on leverage and may contribute to its continuing increase.