• Title/Summary/Keyword: Price-Sensitivity

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Economic Evaluation of Liquid Air Energy Storage (LAES) System (액화 공기 에너지 저장 기술(LAES)의 경제성 분석)

  • Ko, Areum;Park, Sung-Ho;Ryu, Ju-Yeol;Park, Jong-Po
    • New & Renewable Energy
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    • v.16 no.1
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    • pp.1-14
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    • 2020
  • Liquid air energy storage (LAES) using gas liquefaction has attracted considerable attention because of its mature technology, high energy density, few geographical constraints, and long life span. On the other hand, LAES has not yet been commercialized and is being developed recently. Therefore, few studies have performed an economic analysis of LAES. In this study, the levelized cost of electricity was calculated and compared with that of other energy storage systems. As a result, the levelized cost of electricity of LAES was $371/MWh. This is approximately $292/MWh, $159/MWh, $118/MWh, and $3/MWh less than that of the LiCd battery, VRFB battery, Lead-acid battery, and NaS battery. In addition, the cost was approximately $62/MWh and $195/MWh more than that of Fe-Cr flow battery and PHS. Sensitivity analysis of the levelized cost of electricity according to the main economic factors was performed, and economic uncertainty analysis was performed through a Monte-Carlo simulation. The cumulative probability curve showed the levelized cost of electricity of LAES, reflecting price fluctuations in the air compressor cost, electricity cost, and standing reserve hourly fee.

Forecasting Short-Term KOSPI using Wavelet Transforms and Fuzzy Neural Network (웨이블릿 변환과 퍼지 신경망을 이용한 단기 KOSPI 예측)

  • Shin, Dong-Kun;Chung, Kyung-Yong
    • The Journal of the Korea Contents Association
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    • v.11 no.6
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    • pp.1-7
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    • 2011
  • The methodology of KOSPI forecast has been considered as one of the most difficult problem to develop accurately since short-term KOSPI is correlated with various factors including politics and economics. In this paper, we presents a methodology for forecasting short-term trends of stock price for five days using the feature selection method based on a neural network with weighted fuzzy membership functions (NEWFM). The distributed non-overlap area measurement method selects the minimized number of input features by removing the worst input features one by one. A technical indicator are selected for preprocessing KOSPI data in the first step. In the second step, thirty-nine numbers of input features are produced by wavelet transforms. Twelve numbers of input features are selected as the minimized numbers of input features from thirty-nine numbers of input features using the non-overlap area distribution measurement method. The proposed method shows that sensitivity, specificity, and accuracy rates are 72.79%, 74.76%, and 73.84%, respectively.

Analysis of Frequency Response Characteristics in Optical Microphone (광 마이크로폰의 주파수 응답특성 분석)

  • Yeom, Keong-Tae;Kim, Kwan-Kyu;Heh, Do-Geun;Kim, Yong-Kab
    • The Journal of the Korea Contents Association
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    • v.8 no.6
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    • pp.8-15
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    • 2008
  • In this paper, in order to analyze property of frequency response in optical microphone, system was implemented. The capacitance microphone and fiber-optic transmission path type fiber-optic microphone (FOM) have weaknesses in directivity, size, weight, and price. However suggested optical microphone can be constituted by cheap devices, so it has many benefits like small size, light weight, high directivity, etc. Head part of optical microphone which is suggested in this paper is movable back and forth by sound pressure with the attached reflection plate. Operating point is determined by measuring the respond characteristics and choosing the point on which has maximum linearity and sensitivity while changing the distance between optical head and vibrating plate. We measured the output of the O/E transformed signal of the optical microphone while frequency of sound signal is changed using sound measurement/analysis program, Smaart Live and USBPre, which are based on PC, and compared the result from an existing capacitance microphone. The measured Optical microphone showed almost similar output characteristics as those of the compared condenser microphone, and its bandwidth performance was about 300[Hz]-3[kHz] at up to 3 [dB].

Implementation of Sensor Controller and Monitering System Using Film Type (필름형 센서를 이용한 센서 제어기 및 모니터링 시스템 구현)

  • Park, No-Jin;Lee, Ho-Woong;Yu, Hong-Kyeun
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.12 no.1
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    • pp.51-57
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    • 2013
  • Leak detection, the system is controlled by humanity's precious water resources, prepare for natural disasters and prevent damage to buildings and various industrial facilities. Especially because it causes serious environmental pollution, chemicals or oil spills, leak detection of various liquid(oil, water), the point at which the liquid leak is detected early on, and minimize environmental pollution, prevent damage of the equipment due to the leak, and the country's precious water resources to be used safely. In this paper, we solve these problems by using specialized film sensor, any person who is not a skilled technician, equipment or walls anywhere can be easily installed. also reduce unnecessary circuit, If film sensor is connected to operate, have a big competitive price, the detection of liquid and the surrounding environment according to, the sensor film that can set the sensitivity control, and monitoring system was implemented.

A study of product development with the storytelling technique as one factor of brand image reinforcement (브랜드 이미지 강화의 한 요인으로써 스토리텔링 기법을 적용한 제품 개발에 관한 연구)

  • Kyoun, Jun-Hyouk;Kim, Hyun
    • 한국HCI학회:학술대회논문집
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    • 2008.02b
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    • pp.18-23
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    • 2008
  • Enterprise's executives who believe methodologies the theories prescribe consideration of consumer as rational and reasonable behavior. However, by recent investigation, consideration of consumer can be defined behavior that is occurred by sensibility. These consideration of consumer affect to a process that purchase a product, consumer's purchase decision process. Consumer make a purchasing decision with sensible criterion, respective of quality after all rather than various rational criterion like price, efficiency and usefulness. Brand image has sensible value to thought in the mind about a product and affect to purchase products. Hence building brand image through positive sensitivity is significant point in strengthening. Research from this point of view makes a content advance with improving product process along storytelling method which kind of affective, sensible communication way as a factor of strengthening brand image.

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Forecasting the Number of GMPCS Subscribers in Korea (범세계위성이동통신(GMPCS) 서비스 국내가입자수 예측에 관한 연구)

  • 주영진;박명철
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.24 no.8A
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    • pp.1115-1125
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    • 1999
  • This paper forecasts the number of GMPCS(Global Mobile Communications by Satellite) subscribers in Korea. Since GMPCS adopts nor only a new tecnology cor proved in the market yet, bot also a global service principle, it's service market involves a great deal of nucertainties in terms of technological and regulatory perspectives. This paper develops a modified diffusion which considers those uncertainties by identifying three environmental group of tactors. The parameters of the model are estimated through a scenario-based approach. By assuming a pessimistic and an optimistic scenarios with three environmental group of factors, the model forecasts 4,000 and 7,000 substcribers in the first year, and then 100,000 and 600,000 subscribers in 2005 respectively. The sensitivity analysis of the model also gives an implication of the future market growth. In the early period, regulatoyu and technological issues are found to be relatively important, but, in the later period, the interconnection issues and price-competitiveness will become increasingly important.

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Impact of Pay TV Market Structure and Competition on Digital Switch Over of Cable TV (유료방송의 시장구조와 경쟁이 케이블 TV의 디지털 전환에 미치는 영향)

  • Do, Joonho
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.16 no.3
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    • pp.145-153
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    • 2016
  • Cable TV with largest subscription base in pay TV market has difficulty in managing the task of digital switch over. This study analyzed the factors in delay of cable TV switch over and examined the impact of pay TV market structure and competition. The delaying factors turned out to be the lack of incentives and resources of cable TV operators, insufficient policy measures and acceptance tolerance issues of subscribers. Since cable TV operators with monopolistic status in pay TV market had continuous profit from analog service, they were not responsive to digital switch over which requires additional investment. Policy measures including support for the low income household and mandatory cut-off point for stopping analog broadcasting. Subscriber's willingness to accept digital broadcasting in terms of price sensitivity and preference for convenient operation also played a role. Introduction of IPTV in pay TV market influenced the speed of digital switch over of cable TV operators. MSOs with economies of scale showed higher digital switch over rate than independent SO.

An Explanatory Study on Factors Affecting the Purchase of Smart Device Game Applications in the framework of Contents Characteristic Factors (콘텐츠 특성요인에 따른 스마트기기 게임 앱 구매결정에 관한 탐색적 연구)

  • Lee, Jungmann;Park, Boyoung
    • Journal of Digital Convergence
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    • v.11 no.3
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    • pp.353-361
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    • 2013
  • In this study, to analyze the factors affecting the purchase of smart device applications, research model based on AHP(Analytic Hierarchy Process) model was employed and derived consumers' priorities of smart device game applications in the framework of contents characteristic factors. Survey was conducted with 10 experts who are involved in the smart game industry. The empirical result showed that the most important purchasing factor was story(0.217). And fame(0.171), graphics(0.134), operability(0.111), information(0.093), difficulty(0.085), speed(0.068), characters(0.053), price(0.042), genre(0.028) are presented in order in terms of the importance. The order of consumers' preferences to smart device game application was RPG, Tycoon, action, simulation, sports/leisure, quiz/puzzle/board, etc. gamble. It suggested that under the environment of smart devices consumers could enjoy not only simple puzzle and board game but also complicated and difficult games such as RPG and tycoon game due to the development of smart devices.

The Effects of Waist-line Cutting Portion on External Appearance and Performance in Designing Jacket Patternmaking for Men's Casual Jacket - Focusing on Standard Body Type in 20s - (남성 캐주얼 재킷 패턴 설계 시 허리선 절개 분량이 외관과 동작성에 미치는 효과 - 20대 남성 표준체형을 중심으로 -)

  • Kim, Myoung-Ok;Lee, Mi-Sook;Suh, Mi-A
    • The Research Journal of the Costume Culture
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    • v.17 no.4
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    • pp.616-625
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    • 2009
  • With suffering financial crisis in 1997, Korea's fashion market has grown in the direction that satisfies the reasonable price and diverse consumer's sensitivity and needs. The aim of this study is to examine whether the cutting portion in the waist line is surely necessary for designing the jacket pattern in men's wear, by closely examining the effects of the cutting portion in the waist line on the external appearance and functionality given designing the jacket pattern in men's wear for the standard body type in 20s. The results of the study are as follows. As a result of evaluating the external appearance, when having evaluated by dividing into 14 items such as the whole surface, the side, and the back side, the experimental clothing, which wasn't cut the waist line, obtained the highest mark in 13 items and, the significant difference was indicated in 10 items except 4 items. As a result of evaluating performance, the experimental clothing, which wasn't cut the waist line, obtained the highest mark in 13 items among 25 items in the total. Next, the cutting portion in the waist line obtained the highest mark in 10 items for the experimental clothing with opening in 1.0cm. The next was indicated to be in order of the experimental clothing with 1.5cm and the experimental clothing with 0.5cm. Given seeing the above result, the cutting portion in the waist line given designing the jacket pattern for the standard body type in 20s could be known that the experimental clothing with the most excellent mark in the evaluation of performance was all the experimental clothing with 0.0cm whose waist line wasn't cut.

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Economy Analysis to Retrofit Ballast Water Treatment System for an Existing Vessel (선박 평형수 처리장치 선정을 위한 경제성 분석)

  • JEE, Jae-Hoon;PARK, Sang-Kyun;OH, Cheol
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.5
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    • pp.1319-1328
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    • 2016
  • Since Ballast Water Management Convention has been effected, BWTS, applied to new-building vessels and existing vessels, have been developed from many countries with various treatment methods. However, BWTS is mainly typed Electrolysis, Ozone and UV type. Approximately 70 products have been type approved by the Flag Administrations. For the new-building vessels, the vessels' design and construction have been considered for arrangements and installations for BWTS. However, existing vessels which already construction had finished have problem with selection of BWTS type for installation and arrangement. The selection of the most economized BWTS system is important though, CAPEX has not been made any significant differences. However, OPEX is more important factor. Consequently, detail analysis of OPEX is the key to the selection of the most economized BWTS system and also it can be the purpose of this study. The feasibility study on the main three type of BWTS (Electrolysis, Ozone and UV type) for 175K Bulk Carrier and 57K Cargo ship has been conducted for this study. Because, these three type of BWTS have been the most frequently installed and used and the two type of object vessels are consist of the 40% of the world merchant ship market. For this study, interest rate, project duration (operation time after installation), maintenance cost and fuel oil price are considered as major factor of feasibility study. In addition, expecting Interest rates to sensitivity analysis conducted for more accurate feasibility study. For 175K Bulk carrier, ozone treatment system is more economical than other types. For 57K cargo ship, UV type is considered more economical than other types. However, it is concluded that electrolysis type is more suitable compare to installation space, total weight and electrical power consumption.