• Journal of Distribution Science
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• v.14 no.8
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• pp.51-57
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• 2016

Purpose - If control-ownership disparity is large, managers will not actively reduce costs; rather, they will maintain unutilized resources or possess surplus resources even when sales decrease with the purpose of increasing personal utility from status, power, compensation, and prestige. These managers' utility maximizing tendencies cause cost stickiness. We examine whether asymmetric behavior related to costs becomes stronger when there is a large disparity between ownership and control rights. Research design, data, and methodology - We construct a regression model to examine the relationship between control-ownership disparity and cost stickiness. STICKY, a dependent variable representing cost stickiness is a value found using the method of Weiss (2010), and Disparity is an interest variable that shows control-ownership disparity. Results - This study is based from the unique situations in Korea, in which high control-ownership disparity is common in firms. Large control-ownership disparity was found to increase cost stickiness of corporations. Conclusions - The results of this study imply that controlling shareholders may be regarded as a threat to the interests of minority shareholders and corporate values especially when controlling shareholders have significant influence over managers or the power to make managerial decisions as owners of a corporation.

• Journal of the Korean Society of Industry Convergence
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• v.26 no.6_3
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• pp.1269-1278
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• 2023

This paper presents an operational technique that can secure the stability of DC-Grid centering on MG operated based on ESS in multiple MG where three DC-based microgrid(MG) are interconnected. MG1(PV 600kWp, ESS 1.5MWh) has an 830Vdc grid voltage, MG2(PV 300kWp, ESS 1.1MWh) and MG3(PV 100kWp, ESS 500kWh) are DC-based MG with a 750Vdc grid voltage, and MG1 and MG2, 3 are linked by separate DC/DC converters (BTB). In order to keep different grid voltages stable, the power transmission capacity between MG1 and two MG(MG2, MG3) connected with an independent BTB converter was adjusted to secure the overall stability of the system, and this was verified by confirming that the surplus capacity of ESS was maintained in actual operation.

• Journal of Advanced Navigation Technology
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• v.20 no.4
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• pp.265-274
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• 2016

In this study, the system was composed of the booster chopper and the power converter, which is a pulse width modulation (PWM) voltage inverter using a hybrid power generation system solar cell energy and wind force, Furthermore, in order to compensate the PWM voltage type inverter was linked with the general commercial power source, and through a normal operation of energy storage system (ESS), the system operated the LED Taxi Light by Wavelength according to Meteorological Changes at the airport in an efficient manner. The performance of the system was compared with the solar cell characteristics specification. In addition, for phase synchronization with the PWM voltage type inverter, the grid voltage was detected so as to operate the grid voltage and inverter output in the same phase and to connect the surplus electric power with the system. Finally, by developing a control circuit at the same time from which an excellent dynamic characteristics can be obtained through applying to the airport runway taxi light, it was concluded that a variety of taxi light can be pursued.

• The Transactions of the Korean Institute of Power Electronics
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• v.9 no.2
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• pp.97-104
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• 2004

As a device that returns surplus energy, regenerated from trains to d.c. source, to a.c. system and reuses it, the thyristor Inverter has been widely used. Because the conventional thyristor inverter is a unidirectional phase-controlled device, it Is Impossible to control the power factor of its output. Moreover, harmonics emission is high and it needs to take a additional filter. In this paper, to solve the problems stated above, the inverter, which can control real and reactive power by adopting IGBT modules as switching elements and being controlled by means of space vector PWM, is developed. Considering high economical efficiency and reliability in order to apply to the system for commercial use, the developed inverter is equipped with fully digital control system and low pass filter, and reduces harmonics and has compact size. The detail description about the developed inverter is stated in various respects: design criteria, technical description, power circuits, control techniques, the developed system, test results, etc.

• The Transactions of the Korean Institute of Power Electronics
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• v.17 no.2
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• pp.158-165
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• 2012

In this paper, the test bed using three-phase PWM converter connected with single phase inverter in series is set up to configure an active AC electric load. Since the two topologies, three-phase PWM converter and single-phase inverter, can be operated bidirectionally, the system not only re-generates surplus power to grid but also prevents power dissipation. However, the construction of system has a drawback. That is, ripple components two times of inverter operation frequency occur at DC-Link due to cascade connection, it can be cause of three phase unbalance Since the operational characteristic of the active AC electric load, the power frequency entered into the electric load can be varied, and the ripple of DC-Link is changed as well. In this paper, the three-phase PWM converter using a variable notch filter is proposed, and the reduction of three-phase current unbalance is presented. the validity of the proposed PWM converter using a variable notch filter is verified by the simulation and experimental results.

• The Journal of Fisheries Business Administration
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• v.46 no.2
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• pp.59-74
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• 2015

This study aims to estimate optimal harvesting production, fishing efforts, and stock levels of yellow croaker caught by the offshore Stow Net and the offshore Gill Net fisheries using the current value Hamiltonian method and the surplus production model. As analyzing processes, firstly, this study uses the Gavaris general linear model to estimate standardized fishing efforts of yellow croaker caught by the above multiple fisheries. Secondly, this study applies the Clarke Yoshimoto Pooley(CY&P) model among the various exponential growth models to estimate intrinsic growth rate(r), environmental carrying capacity(K), and catchability coefficient(q) of yellow croaker which inhabits in offshore area of Korea. Thirdly, the study determines optimal harvesting production, fishing efforts, and stock levels of yellow croaker using the current value Hamiltonian method which is including average landing price of yellow croaker, average unit cost of fishing efforts, and social discount rate based on standard of the Korean Development Institute. Finally, this study tries sensitivity analysis to understand changes in optimal harvesting production, fishing efforts, and stock levels of yellow croaker caused by changes in economic and biological parameters. As results drawn by the current value Hamiltonian model, the optimal harvesting production, fishing efforts, and stock levels of yellow croaker caught by the multiple fisheries were estimated as 19,173 ton, 101,644 horse power, and 146,144 ton respectively. In addition, as results of sensitivity analysis, firstly, if the social discount rate and the average landing price of yellow croaker continuously increase, the optimal harvesting production of yellow croaker increases at decreasing rate and then finally slightly decreases due to decreases in stock levels of yellow croaker. Secondly, if the average unit cost of fishing efforts continuously increases, the optimal fishing efforts of the multiple fisheries decreases, but the optimal stock level of yellow croaker increases. The optimal harvest starts climbing and then continuously decreases due to increases in the average unit cost. Thirdly, when the intrinsic growth rate of yellow croaker increases, the optimal harvest, fishing efforts, and stock level all continuously increase. In conclusion, this study suggests that the optimal harvesting production and fishing efforts were much less than actual harvesting production(35,279 ton) and estimated standardized fishing efforts(175,512 horse power) in 2013. This result implies that yellow croaker has been overfished due to excessive fishing efforts. Efficient management and conservative policy on stock of yellow croaker need to be urgently implemented.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.6
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• pp.2826-2832
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• 2012

A smart grid is an electric-power grid that employs a new information technology.This technology makes it possible to exchange real-time energy information between suppliers and consumers, finally resulting in high energy efficiency. The energy management system in smart grid provides up to date information on electricity consumption as well as dynamic electricity price to consumers of smart grid system. However, the existing energy management systems only focus on pricing system, for example, real-time electricity prices. In this paper, we try to improve the existing energy management system and propose the energy management system that mainly focuses on the efficiency of electricity consumption. In the proposed management system, PMU(Phasor Measurement Units) installed in switchboards gathers electricity data in a real time. We also propose to use data mining method, which is applied to analyzed electricity data for improving energy efficiency. Also, the proposed energy management system is designed to efficiently control the electricity between PMU and management system in case of a shortage of electricity or surplus electricity.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.5C
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• pp.303-312
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• 2006

This study is to evaluate the mechanical characteristics of flowable backfill and offer a guide line of mixture proportion based on soil types for constructing underground power utilities. Flowable backfill is known as soil-cement slurry, void fill, and controlled low-strength material(CLSM). The benefits of CLSM are reduced equipment costs, faster construction, re-excavation in the future, and the ability to place materials in confined spaces, which are narrow parts or perimeters of underground power cables nearly impossible for compaction. The flowable slurry mixed with 17 soils and 6 accelerated mixtures in the laboratory were evaluated for flowability and unconfined compressive strength to meet the target values of this study.

• Journal of the Korean Society for Railway
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• v.10 no.6
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• pp.717-722
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• 2007

Most of DC 1500V electric railway substations have adopted diode rectifiers to supply stable DC power. However, the diode rectifiers operate in the first quadrant of the voltage-current plane and thus need regenerative inverters which transfer the surplus regenerative power caused by regenerative braking of electric train sets into the grid. In order to select the proper capacity and installation position of regenerative inverter, it needs to investigate the consumed and regenerative energy of the electric traction substations in advance. This paper presents an analysis of regenerative energy in two substations operating in Seoul Seolleung and Kwangju Yangdong substations. DC line voltage and feeder currents are measured for a day to calculate consumed and regenerative power far four feeders. We calculated an amount of regenerative energy consumed in other feeders and estimated the cost reduction in energy consumption due to the reuse of regenerative energy

• Journal of Advanced Marine Engineering and Technology
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• v.14 no.4
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• pp.57-66
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• 1990

In the design of an electric power plant, the capacity to meet the peak load demand is one of the important factors to be considered. This peak load usually occurs when the most of the cooling air conditioning systems are being operated during daytime in summer season, which inevitably entails the construction of an additional electric power plant. This study is aimed to carry out a basic experiment for the development of a cooling air conditioning system using the ice energy by the surplus electric power during the night-time. The experimental apparatus consists of four major parts; (1) the heating section consisting of the air duct and I.D. fan, (2) the cold section with the ice chamber, (3) the bundle of heat pipes made in a form of the staggered arrangement with ${C_y}/{d_o}$=2.0 and ${C_x}/{d_o}$=1.73, (4) the refrigerator system to cool down the ice chamber. This study involves an intensive experiment concerning the convective heat transfer of the air flow surrounding the bundle of heat pipes. This major experimental parameters are the amount of working fluid, the velocity of air and the working temperature. The major findings of the present study are as follows; (1) The optimum amount of the working fluid necessary for the horizontal heat pipes is much more than that for the vertical type. (2) The convective heat transfer coefficients of the air are coincided with the empirical equations of Grimson and ${\breve{Z}ukauskas}$. (3) The equation of the mean heat transfer coefficient obtained in the present study is ${N_um}=0.32 {Re_max^{0.63}}$.