• East Asian mathematical journal
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• v.37 no.5
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• pp.567-576
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• 2021

In this paper, we deal with the pricing of vulnerable power exchange option. We consider the hybrid model as the credit risk model. The hybrid model consists of a combination of the reduced-form model and the structural model. We derive the closed-form pricing formula of vulnerable power exchange option based on the change of measure technique.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.23 no.11
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• pp.84-93
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• 2009

In this paper, we propose to study the possibility of using a photovoltaic system combined with a high speed micro-turbine. This hybrid system can work as stand-alone system or grid connected system as it will be a part of a micro-grid. Initially, we propose Matlab/Simulink dynamic models of photovoltaic, micro turbine systems and supercapacitor. Then, we carry out a simulation comparison of the two systems, this is, with supercapacitor and without supercapacitor bank. We show that supercapacitor bank as short-term storage device was necessary to reduce the fast fluctuation of power in the case of sensitive loads. It is verified the simulation results of Matlab/Simulink based hybrid power system represent the effectiveness of the suggested hybrid power system.

• Journal of the Korean Society for Precision Engineering
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• v.23 no.2 s.179
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• pp.172-180
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• 2006

Although there existed many types of manual/power hybrid wheelchairs, their use was not widespread because of their inconvenience in converting drive system and in folding frames. To carry a wheelchair in the car or to convert driving methods, some hard work of disassembling or exchanging wheels was required for most of currently available hybrid wheelchairs. In this study, the standard foldable manual wheelchair was reformed to a power wheelchair by installing the newly developed Axial Flux Permanent Magnet(AFPM) type of brush less direct current(BLDC) motor on each rear hub of wheelchair. This wheelchair could be driven by manual or electric power without exchanging. wheels, thus no additional work was needed for carriage or for power conversion. The developed wheelchair was evaluated for durability, stability, maneuverability, cost, and reliability in accordance with the Korean standards. The results indicated that the developed hybrid wheelchair was good enough for commercialization comparing to other imported wheelchairs.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.1
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• pp.1-7
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• 2011

Active power control scheme for distributed generation in microgrid consists of feeder flow control and unit power control. Feeder flow control is more useful than the unit power control for demand-side management, because microgrid can be treated as a dispatchable load at the point of common coupling(PCC). This paper presents detailed descriptions of the feeder flow control scheme for the hybrid system in microgrid. It is divided into three parts, namely, the setting of feeder flow reference range for stable hybrid system operation, feeder flow control algorithm depending on load change in microgrid and hysteresis control. Simulation results using the PSCAD/EMTDC are presented to validate the inverter control method for a feeder flow control mode. As a result, the feeder flow control algorithm for the hybrid system in microgrid is efficient for supplying continuously active power to customers without interruption.

• Proceedings of the KIEE Conference
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• 2002.07b
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• pp.1388-1390
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• 2002

Hybrid power system has a power balanced controller to equilibrate generation power with a load demand and it is composed of DC bus-type power systems. And all of power generators in hybrid power system can be equivalent to current-source characteristics. So this paper discusses power balance control for photovoltaic/wind/diesel hybrid power system. And through the results of simulation, the proposed scheme was verified.

• Proceedings of the KIPE Conference
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• 2001.10a
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• pp.571-575
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• 2001

A protection scheme for hybrid active power filters, which is combined shunt passive filter and small rated series active filter, is presented and analyzed in this paper. The proposed series active power filter operated as a high impedance 'k($\Omega$)' to the fundamental component when over current occurs in the power distribution system, and three control strategies are proposed in this paper. The first is the method by detecting the fundamental source current through the p-q theory, the second is the method by detecting the fundamental component of load current in Synchronous Reference Frame (SRF) and the third is the method by detecting the input voltage. When the over current occurs in the power distribution system, the proposed scheme protects the series active power filter without additional protection circuits. The validity of proposed protection scheme is investigated through experimental result for the prototype hybrid active power filter system.

• Journal of Electrical Engineering and Technology
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• v.13 no.3
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• pp.1089-1098
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• 2018

This study aims at developing and applying a hybrid model to the wind power prediction (WPP). The hybrid model for a very-short-term WPP (VSTWPP) is achieved through analytical data, multiple linear regressions and least square methods (MLR&LS). The data used in our hybrid model are based on the historical records of wind power from an offshore region. In this model, the WPP is achieved in four steps: 1) transforming historical data into ratios; 2) predicting the wind power using the ratios; 3) predicting rectification ratios by the total wind power; 4) predicting the wind power using the proposed rectification method. The proposed method includes one-step and multi-step predictions. The WPP is tested by applying different models, such as the autoregressive moving average (ARMA), support vector machine (SVM), and artificial neural network (ANN). The results of all these models confirmed the validity of the proposed hybrid model in terms of error as well as its effectiveness. Furthermore, forecasting errors are compared to depict a highly variable WPP, and the correlations between the actual and predicted wind powers are shown. Simulations are carried out to definitely prove the feasibility and excellent performance of the proposed method for the VSTWPP versus that of the SVM, ANN and ARMA models.

• Journal of IKEEE
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• v.23 no.3
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• pp.826-831
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• 2019

The stand-alone photovoltaic power systems are widely used for lighting equipment and CCTV. In order for these devices to be competitive, the life of power storage devices such as batteries is very important. The characteristic Hybrid supercapacitor is the high power density and long life. We have proposed a stand-alone photovoltaic power system that uses hybrid supercapacitor. The charge and discharge characteristics and the internal resistance of the hybrid capacitor were measured to configure the power converter. A stable maximum output point tracking control algorithm is proposed even with the change in solar radiation. In order to verify the validity of the proposed system, a prototype was fabricated and tested using a 18W hybrid capacitor and a 10W solar cell.

• Journal of Electrical Engineering and Technology
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• v.4 no.4
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• pp.429-437
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• 2009

This paper proposes a hybrid voltage controller based on a hierarchical control structure for implementation in the Jeju power system. The hybrid voltage controller utilizes the coordination of various reactive power devices such as generators, switched shunt devices and LTC to regulate the pilot voltage of an area or zone. The reactive power source can be classified into two groups based on action characteristics, namely continuous and discrete. The controller, which regulates the pilot bus voltage, reflects these characteristics in the coordination of the two types of reactive power source. However, the continuous type source like generators is a more important source than the discrete type for an emergency state such as a voltage collapse, thereby requiring a more reactive power reserve of the continuous type to be utilized in the coordination in order to regulate the pilot bus voltage. Results show that the hybrid controller, when compared to conventional methods, has a considerable improvement in performance when adopted to control the pilot bus voltage of the Jeju island system.

• The Transactions of the Korean Institute of Power Electronics
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• v.10 no.2
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• pp.203-210
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• 2005

A study on the hybrid micro power source for the IMT2000 application has been presented. The hybrid micro power source is composed of solar cell, super-capacitor and battery. To compensate for the pulse loader of the IMT2000 application, the super-capacitor is connected through the lithium-lon battery to absorb the pulse discharge current. The solar cell provides the additional current to compensate for the depleted current and it is controlled to operate at the maximum power point voltage. A novel maximum power point tracking method is presented to operate at the pulse discharge load conditions and verified to have superior tracking performance through experiment. The controller design for the hybrid micro power source has been presented and verified through experiment.