• Journal of Energy Engineering
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• v.17 no.3
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• pp.139-144
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• 2008

Recently due to march as the high oil price, It is necessary for Korea to grope a plan, which is to increase the energy efficiency of existing facilities as well as to develop overseas gas and oil resources. With this point, this work carried out to approach the high pressure LNG pipeline network of Inchon receiving terminal with Newton method as corrective flowrate. We found that the high pressure network mainly depends on FCVs(Flow Control Valves). The high pressure pump showed the maximum efficiency at the FCVs of 50% opening and could discharge LNG only above the LNG head of 1,500m from a system curve obtained. The operating cost of pumps was estimated from their operating points. We compared the operating cost under normal operation with the operating cost under maximum efficiency. Especially, we obtained the day savings of a year as wells as the hour savings of a day. From the results, the high pressure network win be able to reduce the operating cost of 138 million wons in a year. This means that a pump can reduce the operating cost of 9,823 thousands won. Consequently, this work could find the operating features of the pumps under the complicated high pressure LNG network and the savings effect of the pump operating cost. Also, the results will be able to macroscopically contribute the heightening of national energy competitiveness as well as to microscopically contribute the future effective operation of LNG receiving terminal.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.3
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• pp.358-364
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• 2018

In this study, the theoretical methodology is presented for estimating cost function based on operating modes for Combined Cycle Power Plant. The proposed method has estimated cost functions using the relationship between the gas turbine heat input and the output ratio of the steam turbine. In order to verify the proposed method, a regression analysis was performed using the single cost function estimated by the existing performance test method and the cost function for each operating mode estimated by the proposed method. The results of case studies using the 2016 generator input and output data are presented to show the effectiveness of the proposed method.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.6
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• pp.969-978
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• 2016

Around the world are increasing the demand for ESS. Currently, the domestic is expected to benefit by operating ESS. In the domestic, it is expected to benefit from operations of the installed ESS because of the introduction of ESS less capacity. However ESS capacity to the maximum profit occurs is unknown. ESS is different from the charge-discharge characteristics and the reserve to replace, depending on the application. Therefore, it should be established in accordance with the ESS optimal capacity according to the purpose used because it can maximize the quality and efficiency of the electric energy. To the ESS optimal capacity estimation by the purpose used, It should compare the investment cost caused by ESS facility installation and operation cost caused by operating ESS. In this paper, the operation mathematical model for estimating marginal operation costs established. In operation mathematical model, operating cost is considered fuel cost and no-load cost start-up cost. Because no-load cost and start-up cost are not related to cost and power plant output, there are expressed an integer variable costs as a step function.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.50 no.11
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• pp.520-527
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• 2001

This paper suggests a new methodology of evolutionary computations - an Adaptive Evolutionary Algorithm (AEA) for solving the Economic Load Dispatch (ELD) problem which has piecewise quadratic cost functions and prohibited operating zones with many local minima. AEA uses a genetic algorithm (GA) and an evolution strategy (ES) in an adaptive manner in order to take merits of two different evolutionary computations: global search capability of GA and local search capability of ES. In the reproduction procedure, proportions of the population by GA and the population by ES are adaptively modulated according to the fitness. Case studies illustrate the superiority of the proposed methods to existing conventional methods in power generation cost and computation time. The results demonstrate that the AEA can be applied successfully in the solution of ELD with piecewise quadratic cost functions and prohibited operating zones

• Journal of Korean Society of Transportation
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• v.34 no.5
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• pp.465-475
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• 2016

Since inaccurate demand estimation for recent urban rail construction may result in financial burden to cities, precise prediction for operating cost as well as construction costs is necessary to avoid or reduce budget loss of the local or central government. The operating cost is directly related to the public fare and affect a policy to determine the rate system. Therefore, there is a pressing need to develop an estimating model for reliable operating cost of urban railway. This study introduces a new model to estimate the operating cost with new variables. It provides a better prediction in accuracy and reliability compared to the existing model, considering the feature of urban railway. For verification of our model, railway operation data from a few cities for the last five years were comprehensively examined to determine variables that affect the operating cost. The operating cost was estimated in a dummy regression model using five independent variables, which were average distance between stations, daily trains distance, total passenger capacity of a train in a train, driving mode(manned/unmanned), and investment type(financial/private).

• Journal of the Korean Society for Railway
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• v.10 no.6
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• pp.766-771
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• 2007

In this research, we were going to make the function which can forecast the operating cost of metropolitan railroad that is performing a role of assistant highway within the city. In order to do this, based on service records of subway line 1st to 8th in Seoul, we extracted 23 variables which can affect to the operating cost, and we selected the final variable for estimate the function of operating cost from correlation among variables and influence analysis. Then, we performed regression analysis by stages using final variable. 6 independent variables are chosen for presuming the operating cost, and we obtained the final 3 variables (quantity of holding motor cars, peak quantity of possessed motor cars, and quantity of stations) as a result of regression analysis. Through this research, function of operating cost of metropolitan railroad has better applicability than existing preliminary validity, and it is used by further preliminary validity investigation and master plan or validity investigation which is accompanied by operation designing, thus we expect that it could make a great contribution to the priority order of investment for metropolitan railroad or process of policy decision.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.12 no.1
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• pp.17-22
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• 2016

It is very important to obtain a out-of season production in horticultural greenhouses corresponding with higher crop prices. A ground source heat pump system has been highly spotlighed as an energy efficient heating system for the greenhouse. This paper investigated the operating cost of the ground source heat pump system with the variation of generating temperature and designing methods for heating system of the greenhouse. Even though the COP of the ground source heat pump system decreased with an increment of generating temperature in heating mode, the operating cost could be reduced. By adopting the high temperature heat pump system and heat storage tank, it could be achieved to save energy and reduce the operating time of auxiliary oil heating system for producing good plant-growth in the greenhouse.

• Journal of the Society of Naval Architects of Korea
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• v.57 no.3
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• pp.152-159
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• 2020

Ship owners had pursued higher benefits by demanding the new design and construction of ships with higher operational efficiency. There was a necessity for shipyards to suggest a more economical design and advanced operation concept in order to meet the demands. Especially, since BOG combustion and activation of the re-liquefaction unit had to be taken into account in ship design in addition to fuel oil and gas consumption, the evaluation of the operating efficiency considering the technological trends was necessary. In this paper, it was aimed to study the design philosophy and operation strategy by considering the effect of fuel oil and gas consumption, BOG combustion, and activation of the re-liquefaction unit on the operating cost for laden voyage according to ship speed, BOR, and activation of the re-liquefaction unit. For this purpose, the costs were acquired by conducting the sailing simulation of an LNGC based on a mathematical model including the maneuvering equations of motion. The design philosophy and operation strategy was reviewed in terms of the operating cost.

• The Journal of the Korea Contents Association
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• v.22 no.8
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• pp.339-346
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• 2022

Corona-virus(COVID-19), which has affected the world economy and Korea economy widely since 2020 could have an effect on management future perspectives. Thus this paper investigate whether the effect of COVID-19 pandemic on cost stickiness is contingent on operating uncertainty. By using the sample listed in KOSPI and KOSDAQ from 2018 to 2020. I find that COVID-19 increase cost stickiness when sales growth volatility is low. This paper contribute to the literature by providing the empirical evidence which contains that the effect of COVID-19 on cost stickiness varies with operating uncertainty.

• Journal of the Korean Society for Railway
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• v.9 no.2 s.33
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• pp.200-205
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• 2006

Subway widely used as a major mean of public transportation both at home and abroad contributes to ease chronic traffic congestion in cities. However, subway operating expense is expected to increase continuously because subway requires vast amount of money at the construction stage, huge sum of maintenance cost is spent during operation, and passenger needs for more convenient facilities is increasing. on the contrary to enormous operating expenses, fare that is occupying most of operating income doesn't come up to its prime cost causing chronic operating deficit. It is urgent to prepare fare system improvement measures to increase operating income in order to resolve financial difficulty of a subway operating organization. Therefore, the current study analyzed present condition and problems of subway fare system, and suggested improvement measures such as improvement of fare adjustment procedure, improvement of free-ride system, diversification of ticket, etc.