• Proceedings of the Korean Nuclear Society Conference
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• 1998.10a
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• pp.52-52
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• 1998

• Proceedings of the KSEEG Conference
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• 2002.04a
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• pp.458-462
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• 2002

• Proceedings of the Korean Society of Precision Engineering Conference
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• 2011.06a
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• pp.1047-1048
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• 2011

• Proceedings of the Korean Nuclear Society Conference
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• 1999.10a
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• pp.286.1-286
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• 1999

• Journal of Energy Engineering
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• v.22 no.1
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• pp.1-7
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• 2013

This paper attempts to estimate the residential electricity demand function, using survey data of 521 households in Korea. As the residential electricity demand function provides us information on the pattern of consumer's electricity consumption, it can be usefully utilized in predicting the impact of policy variables such as electricity price and forecasting electricity demands. We apply least absolute deviation(LAD) estimation as a robust approach to estimating parameters. The results showed that price and income elasticities are -0.68 and 0.14 respectively, and statistically significant at the 10% levels. The price and income elasticities portray that residential electricity is price- and income-inelastic. This implies that the residential electricity is indispensable goods to human-being's life, thus the residential electricity demand would not be promptly adjusted to responding to price and/or income change.

• Journal of Energy Engineering
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• v.21 no.3
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• pp.301-308
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• 2012

This paper attempts to estimate the demand function for the transport LPG and to analyze long-run and short-run price and income elasticities. In addition, the paper measures consumer surplus and economic value ensuing from the transport LPG consumption by utilizing the estimated long-run price elasticity. The price and the income data are the monthly real transport LPG price and the monthly composite index adjusted by real transport LPG price from 2003 to 2012. Unit root test, co-integration test and error correction model are to take the procedure of estimation of demand curve. The demand for transport LPG is considered to be inelastic and the long-run demand is more elasticity than that of short-run. Price elasticity of demand estimate here is -0.422, and the estimated consumer surplus and economic value in 2010/03 are 966 and 1,781 billion won, respectively.

• New & Renewable Energy
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• v.17 no.4
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• pp.1-8
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• 2021

To determine the wind turbine class in the offshore of the Korean Peninsula, the reference wind speed for a 50-y return period at the hub height of a wind turbine was estimated using the reanalysis data sets. The most recent reanalysis data, ERA5, showed the highest correlation coefficient (R) of 0.82 with the wind speed measured by the Southwest offshore meteorological tower. However, most of the reanaysis data sets except CFSR underestimated the annual maximum wind speed. The gust factor of converting the 1 h-average into the 10 min-average wind speed was 1.03, which is the same as the WMO reference, using several meteorological towers and lidar measurements. Because the period, frequency, and path of typhoons invading the Korean Peninsula has been changing owing to the climate effect, significant differences occurred in the estimation of the extreme wind speed. Depending on the past data period and length, the extreme wind speed differed by more than 30% and the extreme wind speed decreased as the data period became longer. Finally, a reference wind speed map around the Korean Peninsula was drawn using the data of the last 10 years at the general hub-height of 100 m above the sea level.

• Environmental and Resource Economics Review
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• v.3 no.2
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• pp.289-307
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• 1994

• Proceedings of the Korean Fiber Society Conference
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• 1991.06b
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• pp.76-76
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• 1991

• Ocean Systems Engineering
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• v.13 no.1
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• pp.21-41
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• 2023

Decarbonization and energy transition can be considered as a main concern even for the oil industry. One of the initiatives to reduce emissions under studies considers the use of renewable energy as a complimentary supply of electric energy of the production platforms. Wind energy has a higher TRL (Technology Readiness Level) than other types of energy converters and has been considered in these studies. However, other types of renewable energy have potential to be used and hybrid concepts considering wind platforms can help to push the technological development of other types of energy converters and improve their efficiency. In this article, a preliminary hydrodynamic assessment of a new concept of hybrid wind and wave energy conversion platform was performed, in order to evaluate the potential of wave power extraction. A multiple OWCs (Oscillating Water Column) WEC (Wave Energy Converter) design was adopted for the analysis and some simplifications were adopted to permit using a frequency domain approach to evaluate the mean wave power estimation for the location. Other strategies were used in the OWC design to create resonance in the sea energy range to try to maximize the potential power to be extracted, with good results.