• 한국경영과학회:학술대회논문집
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• 한국경영과학회/대한산업공학회 2005년도 춘계공동학술대회 발표논문
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• pp.753-755
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• 2005

The Black-Scholes (BS) option pricing model is a landmark in contingent claim theory and has found wide acceptance in financial markets. However, it has a difficulty in the use of the model, because the volatility which is a nonlinear function of the other parameters must be estimated. The more accurately investors are able to estimate this value, the more accurate their estimates of theoretical option values will be. This paper proposes a new model which is based on Particle Swarm Optimization (PSO) for finding more precise theoretical values of options in the field of evolutionary computation (EC) than genetic algorithm (GA)or calculus-based search techniques to find estimates of the implied volatility.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 학술대회 논문집 정보 및 제어부문
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• pp.493-495
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• 2005

This paper proposes a swarm-based fuzzy system modeling technique for coke oven combustion control diagnosis. The coke plant produces coke for the blast furnace plant in steel making process by charging coal into oven and supplying gas to carbonize it. A conventional mathematical model for coke oven combustion control has been used to control the amount of gas input, but it does not work well because of highly nonlinear feature of coke plant. To solve this problem, swarm-based fuzzy system modeling technique is suggested to construct a diagnosis model of coke oven combustion control. Based on the measured input-output data pairs, the fuzzy rules are generated and the parameters are tuned by the PSO(Particle Swarm Optimizer) to increase the accuracy of the fuzzy system is operated. This system computes the proper amount of gas input taking the operation conditions of coke oven into account, and compares the computed result with the supplied gas input.

• 한국수자원학회:학술대회논문집
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• 한국수자원학회 2015년도 학술발표회
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• pp.217-217
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• 2015

The objective of this study was mainly to evaluate the water resources potential of Lake Tana Basin (LTB) by using Soil and Water Assessment Tool (SWAT). From SWAT simulation of LTB, about 5236 km2 area of LTB is gauged watershed and the remaining 9878 km2 area is ungauged watershed. For calibration of model parameters, four gauged stations were considered namely: Gilgel Abay, Gummera, Rib, and Megech. The SWAT-CUP built-in techniques, particle swarm optimization (PSO) and generalized likelihood uncertainty estimation (GLUE) method was used for calibration of model parameters and PSO method were selected for the study based on its performance results in four gauging stations. However the level of sensitivity of flow parameters differ from catchment to catchment, the curve number (CN2) has been found the most sensitive parameters in all gauged catchments. To facilitate the transfer of data from gauged catchments to ungauged catchments, clustering of hydrologic response units (HRUs) were done based on physical similarity measured between gauged and ungauged catchment attributes. From SWAT land use/ soil use/slope reclassification of LTB, a total of 142 HRUs were identified and these HRUs are clustered in to 39 similar hydrologic groups. In order to transfer the optimized model parameters from gauged to ungauged catchments based on these clustered hydrologic groups, this study evaluates three parameter transfer schemes: parameters transfer based on homogeneous regions (PT-I), parameter transfer based on global averaging (PT-II), and parameter transfer by considering Gilgel Abay catchment as a representative catchment (PT-III) since its model performance values are better than the other three gauged catchments. The performance of these parameter transfer approach was evaluated based on values of Nash-Sutcliffe efficiency (NSE) and coefficient of determination (R2). The computed NSE values was found to be 0.71, 0.58, and 0.31 for PT-I, PT-II and PT-III respectively and the computed R2 values was found to be 0.93, 0.82, and 0.95 for PT-I, PT-II, and PT-III respectively. Based on the performance evaluation criteria, PT-I were selected for modelling ungauged catchments by transferring optimized model parameters from gauged catchment. From the model result, yearly average stream flow for all homogeneous regions was found 29.54 m3/s, 112.92 m3/s, and 130.10 m3/s for time period (1989 - 2005) for region-I, region-II, and region-III respectively.

• Journal of Electrical Engineering and Technology
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• 제4권3호
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• pp.337-345
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• 2009

Deregulation in power industry has made the reactive power ancillary service management a critical task to power system operators from both technical and economic perspectives. Reactive power management in power systems is a complex combinatorial optimization problem involving nonlinear functions with multiple local minima and nonlinear constraints. This paper proposes a practical market-based reactive power ancillary service management scheme to tackle the challenge. In this paper a new model for voltage security and reactive power management is presented. The proposed model minimizes reactive support cost as an economic aspect and insures the voltage security as a technical constraint. For modeling validation study, two optimization algorithm, a genetic algorithm (GA) and particle swarm optimization (PSO) method are used to solve the problem of optimum allocation of reactive power in power systems under open market environment and the results are compared. As a case study, the IEEE-30 bus power system is used. Results show that the algorithm is well competent for optimal allocation of reactive power under practical constraints and price based conditions.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2008년도 춘계학술대회 논문집 전기기기 및 에너지변환시스템부문
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• pp.44-46
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• 2008

This paper Proposes a new couple particle swarm optimization (CPSO) for multimodal functions. In this method, main particles are generated uniformly using Faure-sequences, and move accordingly to cognition only model. If any main particle detects the movement direction which has local optimum, this particle would create a new particle beside itself and make a couple. After that, all couples move accordingly to conventional particle swarm optimization (PSO) model. If these couples tend toward the same local optimum, only the best couple would be kept and the others would be eliminated. We had applied this method to some analytic multimodal functions and successfully locate all local optima.

• Journal of Electrical Engineering and Technology
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• 제10권2호
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• pp.551-559
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• 2015

This paper's focus is in reducing the torque ripple and increasing the average torque by optimizing switching angles of 8/6 switched reluctance motor while implementing a robust speed controller in the outer loop. The mathematical model of the machine is developed and it is simulated using MATLAB/Simulink. An objective function and constraints are formulated and Optimum turn-on and turn-off angles are determined using Particle swarm optimization and Genetic Algorithm techniques. The novelty of this paper lies in implementing sliding mode speed controller with optimized angles. The results from both the optimization techniques are then compared with initial angles with one of them clearly being the better option. Speed response is compared with PID controller.

• Journal of Electrical Engineering and Technology
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• 제9권5호
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• pp.1577-1581
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• 2014

This paper presents a method to minimize torque ripple of a V-type IPMSM using the PSO (Particle Swarm Optimization) method with FEM. The proposed algorithm includes one objective function and three design variables for a notch on the surface of a rotor. The simulation model of the V-type IPMSM has 3-phases, 8-poles and 48 slots with 2 notches on the one-pole rotor surface. The arc-angle, length and width of the notch are optimized to minimize the torque ripple of the motor. The cogging torque of the model is reduced by 55.6% and the torque ripple is decreased by 15.5 %. Also, the efficiency of the motor is increased by 15.5 %.

• 대한전기학회논문지:전력기술부문A
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• 제54권2호
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• pp.97-106
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• 2005

This paper presents a method for evaluating the nash equilibrium of the Cournot model for N-Gencos in wholesale electricity market. In wholesale electricity market, the strategies of N-Gencos can be applied to the game model under the conditions, which the Gencos determine their strategies to maximize their benefit. Generally, the Lemke algorithm has known as the approach to evaluate the mixed nash equilibrium in the only two-player game model. In this paper, we have developed the necessary condition for obtaining the mixed nash equilibrium of N-player by using the Lemke algorithms. However, it is difficult to find the mixed nash equilibrium of two more players by using the analytic method since those have the nonlinear characteristics. To overcome the above problem, we have formulated the object function satisfied with the proposed necessary conditions for N-player nash equilibrium and applied the modified particle swarm optimization (PSO) method to obtain the equilibrium for N-player. To present the effectiveness the proposed necessary condition and the evaluation approach, this paper has shown the results of equilibrium of sample system and the cournot game model for 3-players.

• 한국안전학회지
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• 제29권4호
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• pp.153-159
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• 2014

Low back pain is one of major issues in musculoskeletal diseases mainly caused by MMH (Manual Material Handling) tasks. In Korea, the standards of NIOSH(National Institute for Occupational Safety and Health) Lift Equations in U. S. A. have been most widely used. However, there is no standard in case the height of one feet is higher than that of another one. Moreover, since the standards are developed in U. S. A., there are many limitations for the applicability of Korean workers. In this study, MVC(Maximum Voluntary Contraction) for four postures are measured and an empirical model based on SVR(Support Vector Regression) is constructed. Constructing SVR model, PSO(Particle Swarm Optimization) is employed to investigate the optimal parameters of SVR. The results show that the performance of this empirical model is approximately accurate, even if the deviation of experimental values is large due to the individual differences. This empirical model may contribute to establish the standards of MMH tasks in Korea.

• Smart Structures and Systems
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• 제5권6호
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• pp.681-697
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• 2009

Limited, noisy data in vibration testing is a hindrance to the development of structural damage detection. This paper presents a method for optimizing sensor placement and performing damage detection using finite element model updating. Sensitivity analysis of the modal flexibility matrix determines the optimal sensor locations for collecting information on structural damage. The optimal sensor locations require the instrumentation of only a limited number of degrees of freedom. Using noisy modal data from only these limited sensor locations, a method based on model updating and changes in the flexibility matrix successfully determines the location and severity of the imposed damage in numerical simulations. In addition, a steel cantilever beam experiment performed in the laboratory that considered the effects of model error and noise tested the validity of the method. The results show that the proposed approach effectively and robustly detects structural damage using limited, optimal sensor information.