• Title/Summary/Keyword: Market power

Search Result 2,108, Processing Time 0.027 seconds

A Design of Incentive-based DR Program using Analytic Hierarchy Process (AHP) (계층분석과정(AHP)을 이용한 지원금 기반 수요반응프로그램 설계)

  • Kim, Dong-Min;Kim, Jin-O;Rhee, Chang-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
    • /
    • v.59 no.3
    • /
    • pp.536-542
    • /
    • 2010
  • This paper presents an unique approach to scheme a demand response (DR) program in the electricity market from a customer-oriented perspective, which is based on the analytic hierarchy process (AHP). The proposed program has the objective to maintain the system reliability at the emergency period, and it is designed as an incentive-based program (IBP) considering Korea power systems with the cost-based generation pool (CBP). The DR program using AHP could represent the mutual importance degrees of load curtailment criteria from the viewpoint of different load-holders, thus customers' participation in this program is determined by the incentive payments corresponding the specific load curtailment conditions. A test system for the case study is used to demonstrate the usefulness and applicability of the proposed approach, and the load profiles with the proposed DR program and the required incentive payments are obtained. The results show not only the enhancement of system reliability but also the economic benefit within Pareto-improvement.

An Integrative Research on Chinese Automobile Industry in Three Economic Blocs: Focusing on Technological Learning, Architecture, and Cluster Approach (중국 3대 경제권 자동차 산업에 대한 연구: 기술학습, 아키텍처, 클러스터를 중심으로)

  • Baek, Seo-In;Kim, Hee-Tae;Kwon, Sang-Jib
    • Knowledge Management Research
    • /
    • v.15 no.4
    • /
    • pp.147-170
    • /
    • 2014
  • This study investigates the main characteristics of Chinese automobile industry based on the technology learning, architecture theory and cluster. As a case study sample, we chose three most representative automobile firms from three main cities in China, FAW from northern part of China, SAIC from middle part of China, and BYD from southern part of China. According to the research findings, FAW has equipped self-production ability in virtue of political support but felled behind in future transportation due to lack of convergence with local cluster. In case of SAIS, similar phenomenon happened in spite of highest purchasing power of shanghai. BYD has achieved great quantum jump through the aggressive investment strategy in electric vehicle even though there are still many technological learning and experience to be cumulated. Overall, this research extends the current literature on key roles (technological learning, architecture, and cluster features) in the automobile industry growth by suggesting their crucial aspects in knowledge management and strategic planning to a newly emerging market, China, and sheds light on the relationship between regional characteristics and automobile growth.

Effect of Generation Capacity Constraints on a Mixed Strategy Nash Equilibrium in a Multi-Player Game (다자게임에서 발전력제약이 복합전략 내쉬균형에 미치는 영향)

  • Lee, Kwang-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
    • /
    • v.57 no.1
    • /
    • pp.34-39
    • /
    • 2008
  • Nash Equilibrium(NE) is essential to investigate a participant's bidding strategy in a competitive electricity market. Congestion on a transmission line makes it difficult to compute the NE due to causing a mixed strategy. In order to compute the NE of a multi-player game, some heuristics are proposed with concepts of a key player and power transfer distribution factor in other studies. However, generation capacity constraints are not considered and make it more difficult to compute the NE in the heuristics approach. This paper addresses an effect of generation capacity limits on the NE, and suggest a solution technique for the mixed strategy NE including generation capacity constraints as two heuristic rules. It is reported in this paper that a role of the key player who controls congestion in a NE can be transferred to other player depending on the generation capacity of the key player. The suggested heuristic rules are verified to compute the mixed strategy NE with a consideration of generation capacity constraints, and the effect of the generation constraints on the mixed strategy NE is analyzed in simulations of IEEE 30 bus systems.

Development of ESS Scheduling Algorithm to Maximize the Potential Profitability of PV Generation Supplier in South Korea

  • Kong, Junhyuk;Jufri, Fauzan Hanif;Kang, Byung O;Jung, Jaesung
    • Journal of Electrical Engineering and Technology
    • /
    • v.13 no.6
    • /
    • pp.2227-2235
    • /
    • 2018
  • Under the current policies and compensation rules in South Korea, Photovoltaic (PV) generation supplier can maximize the profit by combining PV generation with Energy Storage System (ESS). However, the existing operational strategy of ESS is not able to maximize the profit due to the limitation of ESS capacity. In this paper, new ESS scheduling algorithm is introduced by utilizing the System Marginal Price (SMP) and PV generation forecasting to maximize the profits of PV generation supplier. The proposed algorithm determines the charging time of ESS by ranking the charging schedule from low to high SMP when PV generation is more than enough to charge ESS. The discharging time of ESS is determined by ranking the discharging schedule from high to low SMP when ESS energy is not enough to maintain the discharging. To compensate forecasting error, the algorithm is updated every hour to apply the up-to-date information. The simulation is performed to verify the effectiveness of the proposed algorithm by using actual PV generation and ESS information.

The Estimation of the Closed Form in NKPC Inflation Model: Focusing on the Korean Manufacturing Industries (1975-2010)

  • Bae, Joo Han;Kang, Joo Hoon;Hong, Seonghyi;Yoon, Ayoung
    • Journal of Korea Society of Industrial Information Systems
    • /
    • v.19 no.3
    • /
    • pp.75-85
    • /
    • 2014
  • This paper is to develop and estimate a closed form inflation model using the estimates for real marginal costs in manufacturing industries during the sample period 1975-2010. The production function in manufacturing industry incorporates labor, capital, domestic material, and foreign material, assuming constant returns to scale technology and AR(1) process of technological coefficient. We derive real marginal costs from firm's cost minimization with quarterly data and provide new evidences on the new Keynesian Phillips curve for Korea. The main empirical result is that the closed form coefficients ${\delta}_1$ and ${\delta}^{-1}_2$ in manufacturing for PPI inflation proved to be 0.5086 and 0.8779 respectively, similar to the estimates in the U.S. case. These results also are consistent with the functional relationship between the coefficients in hybrid model and its closed form. Thus the paper suggests that the empirical studies on inflation dynamics need to focus on the manufacturing industry with market power, treating PPI inflation as the dependent variable.

E-mail System Model based on Ethereum (이더리움 기반 이메일 시스템 모델)

  • Kim, Taekyung
    • Journal of Korea Society of Digital Industry and Information Management
    • /
    • v.13 no.4
    • /
    • pp.99-106
    • /
    • 2017
  • With the advent of virtual money such as bit coins, interest in the block chain is increasing. Block Chain is a technology that supports Distributed Ledger and is a versatile technology applicable to various fields. Currently, the block chain is conducting research for various applications such as virtual money, trade finance, marketplace, power market, image contents service, and IoT. The technologies that make up the block chain are smart contract, digital signature/hash function and consensus algorithm. And these technologies operate on P2P networks. In this paper, we have studied e-mail system based on the ethereum which is one of the block chain based technologies. Most legacy mail systems use SMTP and the POP3/IMAP protocol to send and receive e-mail, and e-mail use S/MIME to protect the e-mail. However, S/MIME is vulnerable to DDoS attacks because it is configured centrally. And it also does not provide non-repudiation of mail reception. To overcome these weaknesses, we proposed an e-mail system model based on ethereum. The proposed model is able to cope with DDoS attack and forgery prevention by using block chain based technology, and reliable recording and management among block chain participants are provided, so that it is possible to provide a non-repudiation function of e-mail transmission and reception.

A Study on Product Identity of Nokia design (노키아의 프로덕트 아이덴티티에 관한 연구)

  • Lee, Sang-Hwa
    • Archives of design research
    • /
    • v.19 no.5 s.67
    • /
    • pp.65-74
    • /
    • 2006
  • As the world approaches to a keen competition for design, corporations began to be interested in CI (Corporate Identity), PI (Product Identity) as a way of enhancing the valve of corporation that has competitive power. PI (Product Identity) leads communication to an affirmative direction that is formed when the consumer uses products and feels the image of corporation. It is said to be important that it is part of synthetic and systematic strategy of corporation to gain an advantage over competitor in the market place with an unified corporate image. Even though mobile phones are sensitively changed according to a trend and public fancy, PI (Product Identity) of mobile phones is also important. The study purports to ascertain the propensity of Nokia's PI (Product Identity) and to analyze their unique PI.

  • PDF

A Study on the Status and Problem Concerning Overseas Shopping Service (중국의 해외구매대행 현황과 문제점에 관한 연구)

  • OH, Won-Suk;LI, Jing-Hua
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
    • /
    • v.65
    • /
    • pp.141-160
    • /
    • 2015
  • With the steady growth of our nation's economy, the purchase power of our domestic citizens has continuously enhanced. In recent years, online overseas shopping has rapidly warmed up, increasing number of Chinese people have started to purchase overseas products via internet. According to China's current legislation, the imported goods are divided into goods and items based on "profitability standard", and regulated by different rules of clearance supervision and import duties. Goods can't pass through custom and pay duties in the form of items, and the import duties burden of goods is generally much heavier than that of items. Goods of entrusted overseas shopping pass through custom and pay duties in the form of items, but goods of profitable purchasing are goods, not items. Therefore, the profitable-purchasing behavior is smuggling. Although goods of unprofitable purchasing are items, unprofitable-purchasing behavior may also constitute smuggling. The author concludes that causes of smuggling crime are: huge market demand for overseas goods, lack of customs supervision, law blank of petty foreign trade, and public's misconception of entrusted overseas purchasing are the major factors. The author proposes the corresponding preventive measures against the crime, such as to establish an one-stop service system in online Shopping Mall, to modify the Passengers' Baggage Declaration Form, to establish a relatively simplified clearance system of small cargo, to establish a relatively reasonable import duties of petty trade.

  • PDF

Cultural Diversity and Communication Barrier (문화적 다양성이 커뮤니케이션에 미치는 영향)

  • Yang, Chun-hee
    • Journal of Distribution Science
    • /
    • v.3 no.2
    • /
    • pp.121-142
    • /
    • 2005
  • We're living in a world of one global village. The globalization of business is acceleration as more companies cross national borders to find customers, materials and money. Many foreign companies and organizations are doing their business aggressively in Korea and many Korean companies and rushing into foreign market. When people communicate for business with someone from another culture, there could be difficult communication barriers to overcome resulting from differences in their values, beliefs, norms for behavior, expectations, attitudes and so on. To do successfully business, we need to understand culture background and communication style that is different from nation, race, language. Communication barriers stemming from cultural differences may vary. Largely, they can be divided into value system, non-verbal communication, and perception process. Value system can be divided into individualism versus group orientation, avoidance of uncertainty degree, power distance, and high- context culture versus low-context culture. Also non-verbal communication method and perception process may play decisive roles in communication effectiveness. Especially nonverbal communication barriers which sometimes play more important roles than the verbal parts are composed of eye contact, gesture, kinesics, proxemics, chronemics, paralanguage and language of color Cross-cultural communication affect business situation. I expect that if we understand cultural background, and then we overcome cross-cultural communication barriers. To overcome and to adapt inter-cultural business, we need to develope curriculum on the cross-cultural education which I will study in the next paper.

  • PDF

SOC Verification Based on WGL

  • Du, Zhen-Jun;Li, Min
    • Journal of Korea Multimedia Society
    • /
    • v.9 no.12
    • /
    • pp.1607-1616
    • /
    • 2006
  • The growing market of multimedia and digital signal processing requires significant data-path portions of SoCs. However, the common models for verification are not suitable for SoCs. A novel model--WGL (Weighted Generalized List) is proposed, which is based on the general-list decomposition of polynomials, with three different weights and manipulation rules introduced to effect node sharing and the canonicity. Timing parameters and operations on them are also considered. Examples show the word-level WGL is the only model to linearly represent the common word-level functions and the bit-level WGL is especially suitable for arithmetic intensive circuits. The model is proved to be a uniform and efficient model for both bit-level and word-level functions. Then Based on the WGL model, a backward-construction logic-verification approach is presented, which reduces time and space complexity for multipliers to polynomial complexity(time complexity is less than $O(n^{3.6})$ and space complexity is less than $O(n^{1.5})$) without hierarchical partitioning. Finally, a construction methodology of word-level polynomials is also presented in order to implement complex high-level verification, which combines order computation and coefficient solving, and adopts an efficient backward approach. The construction complexity is much less than the existing ones, e.g. the construction time for multipliers grows at the power of less than 1.6 in the size of the input word without increasing the maximal space required. The WGL model and the verification methods based on WGL show their theoretical and applicable significance in SoC design.

  • PDF