• Title/Summary/Keyword: Market System

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A Study of Electrical Control Kit for Damping Force of Automotive Shock Absorber (자동차 충격흡수장치용 감쇠력 조정 전자제어장치 연구)

  • Sohn, Il-Seon;Lee, Jeong-Goo
    • Transactions of the Korean Society of Automotive Engineers
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    • v.16 no.3
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    • pp.1-6
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    • 2008
  • The performance of shock absorber is directly related to the car behavior and performance, both for handling and comfort. Most of compact car are assembled the passive shock absorber for cost effect but some of compact driver want better performance of shock absorber than standard parts. Therefore, they want the semi-active suspension control system instead of standard damper system. But they only can change the mechanical damping control shock absorber at A/S market. The mechanical damping control shack absorber can not vary the damping force in driving condition so they do not satisfy the mechanical damping control shock absorber system. In this study, electrically damping force controlled shock absorber system is developed based on the mechanical damping force control damper system. This system can vary damping force by switch on dashboard in driving condition. And, this system can satisfy the requirement of tuning market. Therefore, it is expected the system to show the engineering capability of korean damper company and to increase export market share to oversea damper market.

Novel Continuous Auction Algorithm with Congestion Management for the Japanese Electricity Forward Market

  • Marmiroli Marta;Yokoyama Ryuichi
    • Journal of Electrical Engineering and Technology
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    • v.1 no.1
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    • pp.1-7
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    • 2006
  • In an electricity market, the spot market is normally integrated with a forward or future market. The advantage of the forward market is to allow the market participants to deal in a part or the whole trading portfolio at a fix price in advance and to avoid risk associated to the uncertain price of the spot market. Japan has introduced a continuous auction base forward market from April 2005. This paper analyzes the Japanese forward market rules and operations, and introduces a new algorithm that may improve the efficiency of the market itself. The proposed algorithm enables us to give consideration to the specific characteristics of the power system and to integrate them in the auction mechanism. The benefits of the proposed algorithm are verified on an electronic simulation platform and the results described in this paper.

A Study on the Improvement of Agricultural Marketing System (농산물 유통구조 개선에 관한 연구)

  • 기재석
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.21 no.48
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    • pp.263-268
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    • 1998
  • An efficient agricultural marketing system is very important to producers and consumers to keep the reasonable prices. In these days, the main policy for the efficient agricultural marketing system is to enlarge the direct transaction market. But it is not easy to enlarge the direct transaction market in a few years. This paper proposes a new efficient agricultural marketing system that gives a similar effect with the direct market. The proposed system is mainly composed of three associations; producers', consumers' and retailers'association, and the function of the system is devided into material affairs and commercial affairs. The structure of the system also can be simplified as two to three steps. So the system can reduce the cost of logistics and keep the reasonable prices for both producers and consumers.

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Important Role of Power Exchange in Conducting Futures Market for Stabilizing Electric Power Industry in Transition

  • Yoon, Yong T.
    • KIEE International Transactions on Power Engineering
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    • v.3A no.1
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    • pp.53-60
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    • 2003
  • At present the electric power industry in Korea is going through a major restructuring process. The restructuring is motivated by a desire to reduce electricity supply costs, to attract new in-vestment in modern generation, transmission and distribution facilities, and to stimulate innovation in the wholesale production and the retail supply of electricity. The experience to date shows that restructuring of electric power industry in the US, however, is marred with a number of problematic market performances including unreasonably high prices at wholesale. This paper investigates the important role of Power Exchange for stabilizing electric power industry in transition by offering various financial products. These financial products are used for risk hedging by the market participants. The paper focuses on the risk hedging by an individual supplier and derives an explicit decision rule that incorporates the attitude towards the risks. In addition to providing the financial products for risk hedging by market participants, the Power Exchange plays another very important role of financial safeguard system. Because of its unique characteristics, the Power Exchange is well suited for financial surveillance where it performs the early detection of unsound financial (and to a large extent operational) practices on the part of any system users and protect the system integrity and the market participants from the consequences of a default in the clearing structure.

Potential of Helicopter MRO Business (헬기 MRO 비즈니스의 잠재력)

  • Kim, Joune ho;Hwang, Chang jeon
    • Journal of Aerospace System Engineering
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    • v.8 no.3
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    • pp.34-40
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    • 2014
  • Since the global economic crisis in year 2008, the world civil helicopter market has been growing recently. According to the market outlook in the next decade, the demand of civil helicopter will be driven by the demand of Private & Corporate, Oil & Gas, Off-shore and EMS(Emergency Medical Service) usages. On the other side, the demand of military market will be driven by the modification and upgrading for life extension or performance enhancement than the new helicopter development for replacing old models. To summarize these situations, the demand of MRO(Maintenance, Repair & Overhaul) market has also been on the rise because of the demand due to above several usages in civil side and the life-extension in military side. Through the MRO market analysis for characteristics, developmental trends and a supply chain, this paper describes that the potential of MRO business is considerably large as a propulsive power of domestic helicopter industry. And also, it proposes the construction direction of MRO network because the domestic industry must make the developmental awareness and reliability a stepping-stone towards own helicopter.

A Study on Improving the Overseas Marketing Activities of Tourist Hotels -Focused on American Market of "L" Hotel- (관광호텔 해외 마케팅 활동 개선방안에 관한 연구)

  • 송용덕
    • Journal of Applied Tourism Food and Beverage Management and Research
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    • v.9
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    • pp.163-185
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    • 1998
  • It is expected that marketing environment of the hotel industry will change much this year. Hotels should make strategic marketing activities to cope with the rapid change of the environment positively. With the case study of marketing activities for American market of "L" Hotel, a deluxe hotel in Seoul, this study is to present the ways of improving marketing activities of a tourist hotel. U.S.A market has been emerging as the most important market in deluxe hotels with strong value of U.S. dollar currency. To get more Ameriean staying guests. hotels had better make effortis in American market as follow. First, hotels should select corporate market as main target market in U.S.A market. Second, hotels should make preferred corporate rate contracts with corporate travel departments of corporate accounts as their house agents Third, hotels should recognize Global Distribution System as major eservation network in U.S.A Fourth, hotels should advertise effectively in G.D.S in order that agents may reserve the hotel with its visual information. Fifth, hotels had better make the most use of three branch offices of K.N.T.O and sale offices of their affiliated reservation system to get useful information on corporates and travel agents.el agents.

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Optimal Dispatch of Energy and Frequency Regulation Reserve Considering Contingency in a Competitive Electricity Market (경쟁적 전력시장에서 상정사고를 고려한 에너지와 주파수 제어예비력의 최적배분 기법)

  • Lee, Ki-Song;Jeong, Yun-Won;Shin, Joong-Rin;Chun, Yeong-Han;Park, Jong-Bae
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.5
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    • pp.202-213
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    • 2006
  • This paper presents a new approach for optimal dispatch of energy and frequency regulation reserve considering contingency in a competitive electricity market. It is necessary to introduce the reserve market with the spot energy market for operating efficiently and obtaining the security of the electricity market. However, the reserve market is closely connected with the energy market since the energy and reserve are produced from the same resources. Thus, it is inevitable to co-optimize the energy and ancillary service for efficient operation of energy and ancillary service market. Therefore, this paper proposes a new method for optimal dispatch of energy and frequency regulation reserve considering n-1 contingency of generator and transmission line using constraints and sensitivity based on AC power flow To verify the effectiveness of the proposed method, the numerical studies have been performed for 5-bus sample system and modified IEEE 14-bus system.

Development of International Market Selection Models for Solar Power System Industry of Korea (국내 태양광산업의 해외진출을 위한 시장 선택 요인에 대한 분석)

  • Jeon, Jin-Hyo;Oh, Keun-Yeob;Yoo, Jin-Man
    • Korea Trade Review
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    • v.44 no.1
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    • pp.269-283
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    • 2019
  • Due to environmental issues such as global warming, the importance of renewable energy is growing. Solar Power System is one of the most growing eco-friendly energy industries in the world, but Korea's solar energy industry faces fierce competition due to the trade regulations and changes in energy related laws in the major markets such as the U.S., EU and China. Therefore, Korea needs to diversify its export markets towards emerging markets. This paper analyzed 162 countries in the world and developed a model to measure how promising the countries are. GSMI(Grid connected Solar Market Index) and OSMI(Off-grid Solar Market Index) are invented based on the models. By using the developed model and the data of 162 countries over the 15-year period from 2000 to 2014, the foreign markets are ranked for searching the export market. According to the analysis, China, Japan, U.S, India and Taiwan ranked first to fifth in GSMI and OSMI ranking, which were followed by China, India, Bangladesh, Philippines and Afghanistan. The model developed through this research is expected to provide a more reasonable and scientific approach to the advancement of the Korean solar energy industry into overseas markets.

A Study on the Performance and Impact Factors of Consumer Monitoring Market Surveillance for Product Safety (제품안전을 위한 소비자모니터링 시장감시 성과 및 영향요인 연구)

  • Suh, Jungdae
    • Journal of the Korean Society of Safety
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    • v.36 no.1
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    • pp.26-35
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    • 2021
  • Governmental bodies generally conduct investigations for product safety management once new products are released to the market, in order to prevent distribution of illegal and defective items. Further, market surveillance activities are regularly conducted by the government to ensure distribution of safe products and recall any hazardous products. The safety investigations often involve a consumer monitoring system wherein consumer organizations participate in market monitoring to conduct surveys on illegal and defective products. As a result, the monitoring results of individual consumer organizations are available separately, but an integrated analysis of the data from all consumer organizations cannot be performed, thereby deterring comprehensive evaluation of the consumer monitoring system. In this study, we analyze the individual monitoring results of consumer organizations to understand the overall status and performance of comprehensive market monitoring and present the directions for desirable market surveillance policies. To this end, the effectiveness of market surveillance related to the distribution of products is verified through analysis of the interrelationships between the monitoring processes and performances of consumer organizations as well as their impact on the performances of the monitoring implementation processes; moreover, several improvement points and direction points are presented for more desirable monitoring of the consumer markets.

Capitalistic Transition of Housing System Under Socialist Market Economy: Characteristics of Chinese Housing Regime After Reform and Opening-up (사회주의 시장경제 체제와 주택시스템의 자본주의적 전환: 개혁개방 이후 중국 주택체제의 성격 분석)

  • Lee, Sungho
    • Journal of the Economic Geographical Society of Korea
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    • v.19 no.4
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    • pp.743-763
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    • 2016
  • This paper aims to figure out properties of housing system under the socialist market economy, which is formed after China's Reform and Opening-up. The characteristics of Chinese housing system under socialist market economy are actually a subtype of capitalist housing model because of the existing clear commodity housing market and the weakness of public land ownership. Furthermore, the government is leading agent of the capitalistic transition and marketization. Also this government-driven marketization has specialty on the feature based on the socialist tradition such as public land ownership.