• Journal of Korea Port Economic Association
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• v.24 no.3
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• pp.23-35
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• 2008

The purpose of this paper is to suggest a rational cost allocation method that is efficient and fair. Cost allocation by taking cooperative game theory shows fair allocation considering marginal cost by ship type. Current berth occupancy charging method can not recover quay construction costs. Because it levies charges according to berthing time and tonnage of ships without considering the recovery of quay construction costs. And there are also cross subsidies among ships. This paper suggests the cost allocation method of cooperative game theory as a fair and efficient method.

• Korean Management Science Review
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• v.28 no.3
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• pp.15-29
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• 2011

In this paper, we consider a system working at both primary service and secondary service. A server can switch between the primary service and the secondary service or it can be assigned to secondary service as a dedicated server. A service policy is characterized by the number of servers dedicated to the secondary service and a rule for switching the remaining servers between two services. The primary service system is modelled as a Markovian queueing system and the throughput is a function of the number of servers, buffer capacity, and service policy. And the secondary service system has a service level requirement strategically determined to perform the service assigned. There is a revenue obtained from throughput and costs due to servers and buffers. We study the problem of simultaneously determining the optimal total number of servers, buffers, and service policy to maximize profit of the system subject to both an expected customer waiting time constraint of the primary service and a service level constraint of the secondary service and develop an algorithm which can be successfully applied with the small number of computations.

• Journal of Electrical Engineering and Technology
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• v.10 no.3
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• pp.895-904
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• 2015

This paper presents a probabilistic approach of reliability evaluation and economic assessment for solving transmission network expansion planning problems. Three methods are proposed for TNEP, which are reorganizing the existing power system focused on the buses of interest, selecting candidates using modified system operating state method with healthy, marginal and at-risk states, and finally choosing the optimal alternative using cost-optimization method. TNEP candidates can be selected based on the state reliability such as sufficient and insufficient indices, as proposed in this paper. The process of economic assessment involves the costs of construction, maintenance and operation, congestion, and outage. The case studies are carried out with modified IEEE-24 bus system and Jeju island power system expansion plan in Korea, to verify the proposed methodology.

• Proceedings of the KIEE Conference
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• 1999.11b
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• pp.181-183
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• 1999

As one of ancillary services, voltage support and reactive power service should be compensed properly for its contribution. In this paper, a cost-based reactive power planning is presented. which minimizes the total cost of reactive power support of generators and VAR compensation facility installation. Reactive power support of generator is evaluated by the opportunity costs of reduced energy sale considering the varying SMP(system marginal price) in power market, Gradient projection method is applied to solve this reactive power planning using IEEE14 bus system.

• Journal of the Society of Naval Architects of Korea
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• v.28 no.1
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• pp.197-205
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• 1991

A methodology of constructions a mathematical cost model for an activity constituting ship hull assembly process is proposed. The relationship between number of workers and processing time required for an activity can be formulated using an work study method, then manhours and shop floor area-hours required are calculated accordingly. The costs for unit manhour and unit shop floor area-hour respectively are calculated by distributing the overall annual cost of the company to the overall production resources consummed during the year. A general procedure of implementing the methodology has been demonstrated through a test on an exampled activity drawn from a real process.

• Journal of the Korean Operations Research and Management Science Society
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• v.32 no.3
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• pp.17-31
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• 2007

In this paper, we consider a service system with bi-functional servers, which can switch between the primary service room and the secondary room. A service policy is characterized by the switching paints which depend on the queue length in the primary service room and the service level requirement constraint of the secondary room. The primary service room is modeled as a Markovian queueing system and the throughput of the primary service room is function of the total number of bi-functional servers. the buffer capacity of the primary service room, and the service policy. There is a revenue obtained from throughput and costs due to servers and buffers. We study the problem of simuitaneously determining the optimal number of servers, buffer capacity, and service policy to maximize profit of the service system, and develop an algorithm which can be successfully applied with the small number of computations.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.58 no.5
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• pp.911-917
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• 2009

This paper introduces a sequential clustering technique as a tool for an effective grouping of transmission systems. The interconnected network system retains information about the location of each line. With this information, this paper aims to carry out initial clustering through the transmission usage rate, compare the similarity measures of regional information with the similarity measures of location price, and introduce the techniques of the clustering method. This transmission usage rate uses power flow based on congestion costs and similarity measurements using the FCM(Fuzzy C-Mean) algorithm. This paper also aims to prove the propriety of the proposed clustering method by comparing it with existing clustering methods that use the similarity measurement system. The proposed algorithm is demonstrated through the IEEE 39-bus RTS and Korea power system.

• Journal of Electrical Engineering and Technology
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• v.12 no.3
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• pp.1038-1045
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• 2017

To address mounting concerns over global warming, the Paris Agreement was reached in December 2015, which aims to limit the increase in global average temperature. South Korea has set a highly ambitious target to reduce emissions and submitted an Intended Nationally Determined Contribution (INDC). Based on the INDC, we investigated the impact of limiting carbon emissions on the power system and the electricity market in Korea. Through detailed simulations on assumed plausible scenarios, this work highlights a) the effects of different carbon emission targets on the annual carbon emission volumes, generation costs, and carbon price; b) the generation mix changes induced by carbon emission limits; and c) the difference in system marginal price and payments for generator owners that carbon emission constraint creates in electricity markets under three different pricing rules.

• Proceedings of the KIEE Conference
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• 1996.07b
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• pp.781-783
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• 1996

An important purpose of screening DSM(Demand Side Management) programs is to determine which programs or technologies seem to be moot worthy of further development, given the characteristics of the particular utility system. Complication found in screening DSM technologies is the consideration of costs and benefits from several perspectives : the utility, society, participants, free riders and nonparticipants. In this paper, a nation-wide DSM screening model is presented using a rigorous mathematical formulation on the financial basis and the concept of marginal coots considering all affected parties inside the nation is fully exploited.

• Environmental and Resource Economics Review
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• v.23 no.4
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• pp.617-641
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• 2014

Korean electricity market is a Cost-Based Pool (CBP) designed to minimize electricity production cost through cost by providing cost reduction incentives to generators. Generation companies have shown diverse efforts to reduce costs in CBP market such as procuring low-price fuels, installing high efficiency gas turbine and constructing power plants near the heavy-load site. Recently, as a way to improve CBP market, a proposal to exclude no-load cost from System Marginal Price (SMP) and to compensate generators ex post was suggested to Korea Power Exchange. This study analyzes the impact of excluding no-load cost from SMP on the cost reduction incentive of generators. We found that excluding no-load cost from SMP enhances the likelihood of decreasing the cost reduction incentives of LNG combined-cycle generators lying on the price-setting range.