• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.5
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• pp.591-595
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• 2013

This paper presents a method of generation rescheduling using Newton's Approach which searches the solution of the Lagrangian function. The generation fuel cost and $CO_2$ emission cost functions are used as objective function to reallocate power generation while satisfying several equality and inequality constraints. The Pareto optimum in the fuel cost and emission objectives has a number of non-dominated solutions. The economic effects are analyzed under several different conditions, and $CO_2$ emission reductions offered by the use of storage are considered. The proposed approach can explore more efficient and noninferior solutions of a Multiobjective optimization problem. The method proposed is applied to a 4-machine 6-buses system to demonstrate its effectiveness.

• Journal of the Society of Naval Architects of Korea
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• v.51 no.6
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• pp.451-458
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• 2014

The purpose of this study is to compare the economics between a diesel propulsion vessel and a LNG fuel propulsion vessel through the analysis of the present value using the LCC(Life Cycle Cost) method. This study is also to judge the economics for long-term operation of a LNG fuel propulsion vessel as a result of analysis about the equivalent uniform annual cost. In particular, LCC method was strengthened by sensitivity analysis based on combined interest rate which is considering discount rate and inflation rate simultaneously.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.6D
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• pp.599-604
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• 2010

In this study, the value of travel time was estimated with reflecting the fuel cost according to travel distance. The main objective of this study is whether the addition of the fuel cost as a factor for route choice behavior is appropriate or not, through the stated preference survey. The route choice model was developed using SP survey technique with the consideration of level difference and the value of travel time, toll and fuel costs. Consequently, the fuel cost is identified as a main factor like travel time and toll cost in choosing routes from drivers' viewpoints. Nevertheless, since toll costs are recognized as out-of-pocket expenses whereas fuel costs as periodical expenses, it seems drivers are more sensitive to toll than fuel costs.

• Journal of Korea Ship Safrty Technology Authority
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• s.27
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• pp.2-14
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• 2009

In these days, oil cost is about 70 US dollars, but, on the day of July. 2008, it was over 140 US dollars. This coast led fisheries industry to increasement of operating coast and made public problems such as non-operation of fishing boats and lockout of the related factories. Thus this paper studies the way to use cheap fuel in order to reduce the fuel cost. Normally fishing boat use Marine Gas Oil. this study explains to use blended oil such as MF 60, 100, 180 instead of MGO.

• New & Renewable Energy
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• v.4 no.2
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• pp.52-60
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• 2008

More people have become interested in hybrid vehicles - which have been heralded as environmentally friendly automobiles - recently as the opening of domestic hybrid vehicle market draws near. Since gasoline, diesel and LPG hybrid vehicles will be produced, a need exists to conduct economic feasibility study of each vehicle type. This research analyzed projected benefits of these hybrid vehicles based on the 1600cc model. There are two categories of benefits: 1) reduced fuel costs for the owners of the vehicles; and 2) reduced environmental pollution cost. We conducted a sensitivity analysis and estimated the domestic consumer fuel costs based on the international oil prices of 100USD, 150USD, and 200USD per barrel. The analysis showed savings of 2 to 4 million Won in fuel cost and 1 to 2 million Won in environmental pollution cost; therefore, the hybrid vehicles are not economically feasible if they are between 3 to 5 million Won more expensive than the conventional internal combustion engine vehicles.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.26 no.12
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• pp.50-55
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• 2012

This paper presents an application of optimization method for efficient operation in micro grid. For operational efficiency, the objective function in a diesel generator consists of the fuel cost function similar to the cost functions used for the conventional fossil-fuel generating plants. The wind turbine generator is modeled by the characteristics of variable output. The cost function of fuel cell plant considers the efficiency of fuel cell. Particle swarm optimization(PSO) and sequential quadratic programming(SQP) are used for solving the problem of microgrid system operation. Also, from the results this paper presents the way to attend power markets which can buy and sell power from upper lever grids by connecting a various generation resources to micro grid.

• Journal of ILASS-Korea
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• v.22 no.4
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• pp.203-209
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• 2017

The International maritime organization(IMO), in an effort to slow down the global warming, proposes reduction in ship's speed as a way to lower the rate emissions from ships. In addition, since ship's fuel cost have been increased, the shipping volumes, fuel-saving technology are being required urgently. Therefore, in this present study, a method of reducing the fuel cost that can improve the performance of the diesel engine was tried by introducing a predetermined amount (0.1~0.3% of the mass amount of fuel used) of hydrogen fuel additive. The experimental conditions of the test engine were 1500rpm and torque BMEP-10b ar. The engine performances (power output, fuel consumption rate, p-max, exhaust temperature) were compared before and after addition of hydrogen fuel additives. This experimental study confirmed reducing at least 2% fuel consumption and 2.19% NOx emission.

• Nuclear Engineering and Technology
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• v.8 no.4
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• pp.219-229
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• 1976

A statistical approach is employed to investigate the relative advantages of several alternative fuel cycles suitable for a hypothetical 1125 MWe plant in Korea. All the fuel cost parameters are treated as statistical variables, each being associated with an appropriate probability distribution function. Through a random sampling procedure, the probability histograms on both capital requirements and break-even costs of various fuel cycle components are obtained. The histograms are then utilized to quantify the cost-benefit of the fuel cycle with reprocessing or the plutonium recycle over the throwaway cycle.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.25 no.10
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• pp.28-37
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• 2011

Though Korea has introduced CBP(Cost Based pool) power trading system since 2001, long-term Generation system planning has been executed by government for Cost minimization every 2 years. Until currently the model which is used for Generation system planning and best-mix only considers cost minimization and total yearly or quarterly electricity demand every year. In a view point of one day power supply operation, technical characteristics, like the ramp up/down rate of total generation system, minimum up/down time and GFRQ(Governor Free Response Quantity), are very important. this paper analyzes Optimal Fuel-Mix for 2022 Korea generation system satisfying these constraints of each fuel type and considering pump storage plants, construction cost and $CO_2$ emission charge Using MILP(Mixed Integer Linear Programming) method. Also the sensitivity analysis which follows in future power industry environmental change accomplished.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2009.06a
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• pp.173-174
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• 2009

For container shipping company, fuel oil prise is a considerable expense. In the last 3 years, fuel oil prises have risen considerably. An increasing fuel oil prise in container shipping, in the short term, is only partially compensated through surcharges and will therefore affect earnings negatively. This paper deals with the impact of increasing fuel oil price and capital costs for vessels on the number of vessels on the Asia-Europe trade. As per result of 'H' carrier's operation in 2008, there were no cost difference between 8 and 9 vessels operation in case the fuel oil price is USD 169/tons while adopt USD 31,818 as fixed cost. We can expect that the fuel oil price will not be decreased under USD 200 $/Ton on the basis of current high oil price phenomenon. When the fuel oil price is over USD 200 $/ton, therefore, 9 vessels operation is more economic than 8 vessel operation even if the fixed cost is over USD 35,000.