• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.11
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• pp.2117-2123
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• 2008

This paper describes the portal system architecture of large consumers for ESP(Energy Service Provider) to provide customers with various value added services such as monitoring and controlling a wide variety of electric devices in consumer's premises for optimal energy management from both consumer side and ESP side, and the prototype implementation of 2 kinds of value added services. The architecture is composed of the device portal which gathers the information from electric devices and controls them and the consumer portal which can make ESP operate the optimal energy management with two-way communications. The demand side management and energy management functions was chosen and implemented for the prototype system as value added services. The prototype was designed to create, manage, and trace the events about services between ESP and customers.

• Journal of the Korean Operations Research and Management Science Society
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• v.27 no.3
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• pp.145-156
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• 2002

Business managers are often required to use LP problems to deal with uncertainty inherent in decision making due to rapid changes in today＇s business environments. Uncertain parameters can be easily formulated in the two-stage stochastic LP problems. However, since solution methods are complex and time-consuming, a common approach has been to use modified formulations to provide upper and lower bounds on the two-stage stochastic LP problem. One approach is to use an expected value problem, which provides upper and lower bounds. Another approach is to use “walt-and-see” problem to provide upper and lower bounds. The objective of this paper is to propose a modified approach of “wait-and-see” problem to provide an upper bound and to compare the relative error of optimal value with various upper and lower bounds. A computing experiment is implemented to show the relative error of optimal value with various upper and lower bounds and computing times.

• Journal of the Korean Mathematical Society
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• v.52 no.3
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• pp.567-586
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• 2015

In this paper, we study optimal control problems for parabolic hemivariational inequalities of dynamic elasticity and investigate the continuity of the solution mapping from the given initial value and control data to trajectories. We show the existence of an optimal control which minimizes the quadratic cost function and establish the necessary conditions of optimality of an optimal control for various observation cases.

• IE interfaces
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• v.1 no.1
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• pp.17-26
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• 1988

This paper describes a nonlinear goal programming approach to the optimal composition of composite solid propellant taking multiple characteristics into consideration synchronously. The nonlinear goal programming model with response functions, restrictions and the optimal value of each characteristic is developed using Scheffe's "Experiments with mixtures" and preference weighting system. Objective functions are described based on process, performance and assurance characteristics. The systematic approach to optimal composition in this study is proved efficient through a CTPB-AL-AP propellant which is one of composite solid propellant systems.

• Korean Journal of Mathematics
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• v.16 no.2
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• pp.145-156
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• 2008

When we consider a life insurance company that sells a large number of continuous T-year term life insurance policies, it is important to find an optimal strategy which maximizes the surplus of the insurance company at time T. The purpose of this paper is to give an explicit expression for the optimal reinsurance and investment strategy which maximizes the expected exponential utility of the final value of the surplus at the end of T-th year. To do this we solve the corresponding Hamilton-Jacobi-Bellman equation.

• Management Science and Financial Engineering
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• v.22 no.1
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• pp.13-20
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• 2016

We investigate the optimal consumption and investment problem when a working debtor has an option to file for bankruptcy. By applying the duality approach, the closed-form solutions are obtained for the case of CRRA utility function. The optimal bankruptcy time is determined by the first hitting time when the financial wealth hits the wealth threshold derived from the optimal stopping time problem. Moreover, the numerical results show that the investment increases as the wealth approaches the threshold and the value gain from the bankruptcy option is vanished as wealth increases.

• The Transactions of the Korean Institute of Electrical Engineers
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• v.31 no.7
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• pp.18-24
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• 1982

We derived an optimal control of the Stochastic Bilinear Systems. For that we, firstly, formulated stochastic bilinear system and estimated its state when the system state is not directly observable. Optimal control problem of this system is reviewed on the line of three optimization techniques. An optimal control is derived using Hamilton-Jacobi-Bellman equation via dynamic programming method. It consists of combination of linear and quadratic form in the state. This negative feedback control, also, makes the system stable as far as value function is chosen to be a Lyapunov function. Several other properties of this control are discussed.

• Journal of Biosystems Engineering
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• v.38 no.3
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• pp.180-184
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• 2013

Purpose: This study explored the factors influencing heating value in the process of torrefaction of water hyacinth. Methods: Torrefaction was applied with three temperature settings (200, 300, $400^{\circ}C$) and three time settings (1, 2, 3 h) using small electric heaters (11.3L of holding volume). This study investigated the heating values with the washing process and process factors influenced the torrefaction. In addition, this study compared the heating values in washed and unwashed samples and suggested the optimal conditions for increasing heating value. Results: Torrefaction increased the heating value by 8.18 ~ 30.04%. Comparing heating values of each condition, the optimal temperature for torrefaction was $300^{\circ}C$ and holding time was 1 hour. The washing process increased the heating value by 19 ~ 27%. The heating value of the sample treated at $300^{\circ}C$ for three hours was 4310.80 kcal/kg, which was greater than the first class wood pellet of 4300 kcal/kg. Conclusions: This study proved that the torrefaction and washing process increased the heating value of water hyacinth. Therefore, water hyacinth is expected to be an eco-friendly biomass which substitutes for wood pellet.

• IE interfaces
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• v.23 no.3
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• pp.257-263
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• 2010

Taguchi defined a good quality as 'A correspondence of product characteristic's expected value to the objective value satisfying the minimum variance condition.' For his good quality, he suggested Taguchi Method which is called Robust design which is irrelevant to the effect of these noise factors. Taguchi Method which has many success examples and which is used by many manufacturing industry. But Optimal solution of Taguchi Method is one among the experiments which is not optimal area of experiment point. On the other hand, Response Surface Method (RSM) which has advantage to find optimal solution area experiments points by approximate polynomial regression. But Optimal of RSM is depended on initial point and RSM can not use many factors because of a great many experiment. In this paper, we combine the Taguchi Method and the Response Surface Method with each advantage which is called Taguchi-RSM. Taguchi-RSM has two step, first step to find first solution by Taguchi Method, second step to find optimal solution by RSM with initial point as first step solution. We give example using catapults.

• Transactions of the Korean Society of Mechanical Engineers
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• v.11 no.3
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• pp.437-443
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• 1987

An optimal design to improve the ride quality was performed with the time and frequency domain analysis based on both of deterministic and random road profiles. The objective function is established to minimize the absorbed power while the constraints are taken so as to satisfy the condition for the stability of vehicle. The result of the optimal design shows that the rms for the acceleration of a driver and his seat is within the critical values for the ride quality from ISO. The optimal values obtained show that the maximum absolute acceleration of the driver and his seat has significantly been reduced and the reference limits on the relative displacement have satisfied their feasibility. As the optimal value according to a specific speed is the results from the optimization process, a global optimum value should be determined to be the one which gives th minimum values of total sum of absorbed power with respect to various speed.