• Korean Journal of Chemical Engineering
• /
• v.36 no.1
• /
• pp.12-20
• /
• 2019

An energy storage system consisting of a battery and a power-to-methanol (PtM) unit was investigated to develop an energy storage system for renewable energy systems. A nonlinear programming model was established to optimize the energy storage system. The optimal installation capacities of the battery and power-to-methanol units were determined to minimize the cost of the energy system. The cost from a renewable energy system was assessed for four configurations, with or without energy storage units, of the battery and the power-to-methanol unit. The proposed model was applied to the modified electricity supply and demand based on published data. The results show that value-adding units, such as PtM, need be included to build a stable renewable energy system. This work will significantly contribute to the advancement of electricity supply and demand management and to the establishment of a nationwide policy for renewable energy storage.

• International Commerce and Information Review
• /
• v.10 no.1
• /
• pp.259-277
• /
• 2008

This paper empirically analyzes the influence of export insurance on export promotion using panel data for the Korean case during the sample period from 2003 to 2006. We use the Korean export's share in trading partners' imports as a weight for the weighted least square (WLS) estimation to measure the effect of export insurance on the export promotion. Our main finding is that export insurance subsidy seems to enhance the export performance when the Korean export takes greater share in other countries' markets. On the other hand, under weaker monopoly power of the Korean export, export risk and trading partners' GDP growth rate has more influence on the export promotion rather than export insurance subsidy. Our finding implies that policy makers and practitioners should discern the Korean exports' monopoly power differential across trading countries for better performing export insuarnce policy.

• Health Policy and Management
• /
• v.12 no.3
• /
• pp.54-76
• /
• 2002

This study investigated how much EVA which evaluate firm's value can explain hospital bankruptcy prediction as a explanatory variable including financial indicators in Korea. In this study, artificial neural network and logit regression which are traditional statistical were used as the model for bankruptcy prediction. Data used in this study were financial and economic value added indicators of 34 bankrupt and -:4 non-bankrupt hospitals from the Database of Korean Health Industry Development Institute. The main results of this study were as follows: First, there was a significant difference between the financial variable model including EVA and the financial variable model excluding EVA in pre-bankruptcy analysis. Second, EVA could forecast bankruptcy hospitals up to 83% by the logistic analysis. Third, the EVA model outperformed the financial model in terms of the predictive power of hospital bankruptcy. Fourth, The predictive power of neural network model of hospital bankruptcy was more powerful than the legit model. After all the result of this study will be useful to future study on EVA to evaluate bankruptcy hospitals forecast.

• Proceedings of the KIEE Conference
• /
• 2003.07a
• /
• pp.86-88
• /
• 2003

New cities and industrial complexes are being developed actively according to the government's policy. To determine the size of investment, number of power lines and substations for stable power supply to newly developed industrial complexes, the accurate estimation of power demand is necessary. "The standards for the estimation of power demands in newly developed residential and industrial complexes" established by KEPCO in 1991 have been used up to now. But the background for the estimation of power demands is weak and the accuracy has not been verified. Also, it has been passed above 10 years since their establishment and the social & economic situations have changed a lot, which requires an urgent revision. Through this survey and analysis of existing areas, new standards that will enable more accurate estimation of power demands in new cities and industrial complexes to be developed in the future are established by calculating the some kinds of power demand factors.

• Management & Information Systems Review
• /
• v.24
• /
• pp.45-71
• /
• 2008

These days the international environmental regulations of the developed countries, especially from the EU, are rapidly changed to the regulations of product-based environment from a conventional end-of-pipe environmental technology. Especially the motive in this paper come from the EU's electrical and electronic equipment environment regulation. It may affect much to whole export of Korea Firms Integrated product policy has the potential to increase not only competitive power in today's global market, but also trade compatibility between countries. Furthermore it is important to make a contribution to sustainable development. CEOs must change their notions about firms' environmental policy from the end-of-pipe approach to the sustainable approach to improve company's competitive power. As emphasized a paradigm of naw environmental management by EU' environmental directives, the company must establish clean production system to save resources and reduces pollutant. Also Korean Company constructs a systematical network to collect EU' environmental regulation information which are changing rapidly. Large company will cooperate with small and medium-sized firm for their win-win strategy in the field of environmental management. Also it is necessary to make the domestic regulations of product-based environment to meet the international environmental regulations.

• Journal of Korea Water Resources Association
• /
• v.53 no.spc1
• /
• pp.785-795
• /
• 2020

Recently, the integrated management of the quantity and quality of water was been derived by the Ministry of Environment in Korea. This reconstruction in the national government organization can be recognized as the major politic measure. For this IWRM (Integrated Water Resources Management), it is necessary to be able to fairly distribute, operate and manage water resources in a situation where related techniques are needed to fully support, such as measuring exactly the demand and supply of water resources. The reason why IWRM is difficult, despite the development of related technologies, is because the management entities are highly diverse and their interests are much complicated. Thus, this study is tried to suggest specific improvement for current policies by benchmarking the KPX (Korea Power Exchange). In the field of water management as similar to the electric industry, there is an essential need for a working-level organization that can manage, control, monitor, and regulate water resources with practical and plenipotentiary control like the non-profit organization, KPX. Such time has come for decisive policy changes through benchmarking the structure, system, productivity, and challenges of the electricity industry in the water policy.

• Proceedings of the KIEE Conference
• /
• 2006.07a
• /
• pp.22-24
• /
• 2006

The installations of power quality monitoring system have increased drastically over the past several decades. These systems have been effectively used to monitor, analyze and diagnose the conditions of power system, and furthermore can be used to improve the present asset maintenance policy, scheduled (time-based) method, into the advanced, cost-effective and labor-effective maintenance methods, such as condition-based maintenance, predictive maintenance and reliability centered maintenance. As an approach to this, this paper introduces the statistical methods, three kinds of control charts (Shewhart chart, CUSUM chart and EWMA chart), and discusses the applicability of these methods to recognize the changing trends of power quality indices and to estimate the system's condition, using Matlab.

• Proceedings of the KIPE Conference
• /
• 2019.07a
• /
• pp.422-423
• /
• 2019

In accordance with the Carbon-Free Island by 2030 policy of Jeju Special Self-Governing Province, renewable energy sources are increasing in Jejudo Island. Due to the intermittent output characteristics of wind turbines, one of the renewable energy sources, which can cause unbalanced system conditions between the demand load and the power generation of Jejudo Island. The Korea Power Exchange limits the output of wind turbines for stabilizing the Jeju power system. Therefore, this paper proposes a method to supply a limited output of Sangmyeong Wind Farm in Jeju Power system to Energy Storage System(ESS) and Water Electrolysis Device(WED). The voltage and frequency fluctuation of the Jeju power system is checked accordingly. The simulation results are performed using the PSCAD/EMTDC program.

• The Journal of Fisheries Business Administration
• /
• v.34 no.2
• /
• pp.27-52
• /
• 2003

The object of this paper is to review the fisheries subsidies of the major FFG(Fish Friends Group) which argue the elimination and the phasing-out, to compare with Korea's subsidies category and provide the basic information for planning of fisheries subsidies policy and the negotiation strategy in the future. The result from the comparative analysis of the subsidies between the major FFG showed that WWF(World Wildlife Fund) fisheries subsidies categories, with the exception of Marketing and Price Support Program which is similar to Korea in terms of the supporting type and methods, differ from those of Korea. Also, The unique type of WWF Fisheries Subsidies, which is beyond Korea's subsidies, are Direct Payment for Fishermen and Fishery Wokers, Capital ＆ Infrastructure Support, Fishery Management and Protection, etc. In case of capital support and fisheries fuel, the payment method or other institutional backgrounds is somewhat different from each nation. On the base of this analysis, this paper is suggesting the direction of the Korea's Fisheries subsidies policy as follows ; First, developing new policy methods and supporting ways such as Direct Payment for Fisherman is needed. Second, Converting fisheries subsidies category expected to be classified to Red Amber into another type of non-negative subsidies should be carried out, demonstrating that these kinds of subsidies give no negative effect to the environment and the trade, Third, Reviewing the categorize system of Korea's subsidies and revising it according to international trends is necessary as well. In respect to WTO/DDA, the watchful analysis of Korea's fisheries program must be preceding in ahead of making the negotiation strategy. And Korea firstly need to stress the fact that, while the major FFG can directly pay for fisheries section, other nations have no choice but supporting in preferential tax or loan manner. Using this kind of strategy, it is may enlarge the negotiating power in the WTO/DDA to reflect fully Korea's position.

• Journal of Environmental Impact Assessment
• /
• v.20 no.4
• /
• pp.425-434
• /
• 2011

The energy produced by wind power generation is a clean energy product because it is acquired by using renewable resource. Wind power plants("wind farms), in Korea, have been built and operated as 345.6MW facilities from 2001 until now 2009. Nevertheless, environmental issues regarding construction of wind power plants have arisen. accordingly it is time to consider the environmental and social issues of wind power in accordance with the government's policy objectives of increased wind power production. In this study, we investigated the influence that noise and low frequency noise caused by Wind power plants have on neighborhood and residents. We also sought solutions to these issues. In order to analyze the issues of wind power facilities, we compared and examined precedents and the solutions for noise and low frequency noise in Europe, the United states and Japan. We intended to examine the influences of wind power facilities and propose alternative in dealing with these issues.