• Title/Summary/Keyword: demand curve

Search Result 240, Processing Time 0.022 seconds

An Analytical Effects of Maximum Quantity Constraint on the Nash Solution in the Uniform Price Auction (발전기 최대용량 제약이 현물시장의 내쉬균형에 미치는 영향에 대한 해석적 분석)

  • 김진호;박종배;박종근
    • The Transactions of the Korean Institute of Electrical Engineers A
    • /
    • v.52 no.6
    • /
    • pp.340-346
    • /
    • 2003
  • This paper presents a game theory application for an analysis of uniform price auction in a simplified competitive electricity market and analyzes the properties of Nash equilibrium for various conditions. We have assumed that each generation firm submits his bid to a market in the form of a sealed bid and the market is operated as a uniform price auction. Two firms are supposed to be the players of the market, and we consider the maximum generation quantity constraint of one firm only. The system demand is assumed to have a linear relationship with market clearing prices and the bidding curve of each firm, representing the price at which he has a willingness to sell his generation quantity, is also assumed to have a linear function. In this paper, we analyze the effects of maximum generation quantity constraints on the Nash equilibrium of the uniform price auction. A simple numerical example with two generation firms is demonstrated to show the basic idea of the proposed methodology.

Industrial load forecasting using the fuzzy clustering and wavelet transform analysis

  • Yu, In-Keun
    • Journal of IKEEE
    • /
    • v.4 no.2 s.7
    • /
    • pp.233-240
    • /
    • 2000
  • This paper presents fuzzy clustering and wavelet transform analysis based technique for the industrial hourly load forecasting fur the purpose of peak demand control. Firstly, one year of historical load data were sorted and clustered into several groups using fuzzy clustering and then wavelet transform is adopted using the Biorthogonal mother wavelet in order to forecast the peak load of one hour ahead. The 5-level decomposition of the daily industrial load curve is implemented to consider the weather sensitive component of loads effectively. The wavelet coefficients associated with certain frequency and time localization is adjusted using the conventional multiple regression method and the components are reconstructed to predict the final loads through a five-scale synthesis technique. The outcome of the study clearly indicates that the proposed composite model of fuzzy clustering and wavelet transform approach can be used as an attractive and effective means for the industrial hourly peak load forecasting.

  • PDF

Joint Decision of Optimal Procurement Policy and Optimal Order ize for a Product Recovery System (회수제품 재가공이 이루어지는 시스템에서 최적 신제품 구매정책과 최적 주문량에 대한 연구)

  • Kim, Eungab;Jeong, Bongju
    • Journal of Korean Institute of Industrial Engineers
    • /
    • v.34 no.4
    • /
    • pp.398-407
    • /
    • 2008
  • We consider a product recovery system that a single product is stocked in order to meet a demand from customers who may return products after usage. This paper addresses a problem of when to release a procurement process to replenish serviceable inventory and how many new products to procure. The structure of the optimal procurement policy is examined and numerically identified as a monotonic threshold curve. A numerical procedure is presented to jointly find the optimal procurement order size, optimal procurement policy, and optimal discounted profit. Sensitivity analysis also indicates that these optimal performance measurements have monotonic properties with respect to system parameters.

Present Situation and Prospects for the Solid State Meter Considering Electricity Tariff Policy (전자식전력량계의 도입현황과 요금구조의 장기방향을 고려한 발전전망)

  • Kwon, O-Hyung;Kim, Jae-Sung;Jo, Jin-Sub
    • Proceedings of the KIEE Conference
    • /
    • 1998.07b
    • /
    • pp.760-762
    • /
    • 1998
  • Due to the reinforcement of government's DSM(Demand Side Management) policy. Solid State Meter was introduced in Korea since 1993 and it is applied to the high voltage customer exceeding 100kW in order to equalize daily load curve. In recent days, KEPCO has a Plan to use the Solid State Meter which has a data recording and remote meter-reading function for low voltage customer to introduce the real-time pricing system and reduce peak power in the near future. So, this paper suggests the specification and function of Solid State Meter.

  • PDF

General Introduction of American Ginseng Indigenous in USA and Canada

  • Park, Chung-Heon;Bang, Kyung-Hwan;Park, Chun-Geun;Sung, Jung-Sook;Song, Won-Seob
    • Plant Resources
    • /
    • v.6 no.3
    • /
    • pp.165-169
    • /
    • 2003
  • American ginseng (Panax quinquefolium) is herbaceous perennial plants indigenous to North American forests. This is highly valued as medicinal herbs with a long history of collection from wild populations since 1716. Wild American ginseng distributed from Quebec in Canada to northern Florida in USA. A heavy concentration is found in the Appalachian mountains, although wild American ginseng is considered endangered. The price paid for field cultivated ginseng has dropped dramatically in the past 10 years, while the price for wild or woods cultivated ginseng has rised significantly. The price curve for ginseng resembles a roller coaster, reflecting not only supply and demand but many other factors. This information will be useful to understand American ginseng compared to Korean ginseng.

  • PDF

A Study on Transportation Systems of Container Cargoes in Busan Port (부산항 컨테이너 화물수송체계에 관한 연구)

  • 오석기;오윤표;윤칠용
    • Journal of Korean Port Research
    • /
    • v.15 no.1
    • /
    • pp.19-26
    • /
    • 2001
  • The purpose of this study is to improve the strategies for transportation systems of container cargoes in Busan port. Therefore, container cargoes forecasting is done through logistic methods based on past trends. In 2011, container cargoes demand was forecasted 8.791 million TEU(T/S including 12.559 million TEU). In order to improve transportation systems of container cargoes, the conclusions of this study can be summarized as follows ; \circled1 port facilities expansion, \circled2 diversity of container transport modes, \circled3 make up ICD and exclusive container roads, \circled4 the second Seoul-Busan Expressway.

  • PDF

Error Analysis of Nonlinear Direct Spectrum Method to Various Earthquakes (다양한 지진에 따른 비선형 직접스펙트럼법의 오차해석)

  • 강병두;박진화;전대환;김재웅
    • Proceedings of the Computational Structural Engineering Institute Conference
    • /
    • 2002.04a
    • /
    • pp.53-60
    • /
    • 2002
  • It has been recognized that damage control must become a more explicit design consideration. In an effort to develop design methods based on performance it is clear that the evaluation of the inelastic response is required. The methods available to the design engineer today are nonlinear time history analyses, or monotonic static nonlinear analyses, or equivalent static analyses with simulated inelastic influences. Some codes proposed the capacity spectrum method based on the nonlinear static(pushover) analysis to determine earthquake-induced demand given the structure pushover curve. This procedure is conceptually simple but iterative and time consuming with some errors. This paper presents a nonlinear direct spectrum method to evaluate seismic Performance of structure, without iterative computations, given the structural initial elastic period and yield strength from the pushover analysis, especially for multi degree of freedom structures. The purpose of this paper is to investigate accuracy and confidence of this method from a point of view of various earthquakes and unloading stiffness degradation parameters.

  • PDF

Hybrid Block Coding of Medical Images Using the Characteristics of Human Visual System

  • Park, Kwang-Suk;Chee, Young-Joon
    • Journal of Biomedical Engineering Research
    • /
    • v.15 no.1
    • /
    • pp.57-62
    • /
    • 1994
  • The demand of image compression is increasing now for the integration of medical images into the hospital information system. Even though the quantitative distortion can be measured from the difference between original and reconstructed images, it doesn't include the nonlinear characteristics of human visual system. In this study, we have evaluated the nonlinear characteristics of human visual system and applied them to the compression of medical images. The distortion measures which reflect the characteristics of human visual system has been considered. This image compression procedure consists of coding scheme using JND (Just Noticeable Difference) curve, polynomial approximation and BTC (Block Truncation Coding). Results show that this method can be applied to CT images, scanned film images and other kinds of medical images with the compression ratio of 5-10:1 without any noticeable distortion.

  • PDF

Optimal Disposal Policy in a Hybrid Production System with Manufacturing and Remanufacturing (신제품 생산과 회수제품 재가공이 이루어지는 생산시스템에서 최적 처분 정책에 대한 연구)

  • Kim, Eun Gab
    • Journal of Korean Institute of Industrial Engineers
    • /
    • v.33 no.3
    • /
    • pp.312-321
    • /
    • 2007
  • We address a disposal issue of returned products in a product recovery system where a single product is stocked in order to meet a demand from customers who may return products after usage. Product returns occur randomly and can be accepted for remanufacturing or disposed of depending on the state of the system. We examine the structure of the optimal disposal policy for returned product that utilizes the information of the inventory of both serviceable and remanufacturable products. Numerical study indicates that it can be characterized by a monotonic threshold type of the curve. A disposal is allowed only when the remanufacturable inventory level exceeds a threshold which is the function of the inventory level of serviceable product and it is decreasing as the serviceable inventory level increases. Sensitivity analysis also indicates that the optimal disposal policy and the optimal profit have monotonic properties with respect to system parameters.

Seismic Performance of Precast Concrete Large Panel Structures Subjected to Horizontal Cyclic Loading (반복 횡하중을 받는 프리캐스트 대형 판구조의 내진성능에 관한 연구)

  • Seo, Soo-Yeon;Lee, Li-Hyung
    • Journal of the Korea institute for structural maintenance and inspection
    • /
    • v.3 no.3
    • /
    • pp.261-268
    • /
    • 1999
  • The seismic performance of precast concrete panel structures tested previously has been evaluated in this paper. Hysteretic curves of test specimens are idealized to elasto-plastic curves to get reliable yielding and ultimate displacements. For the idealized curves, ductility and energy dissipation capacity of specimens have been evaluated using a few guide lines. In addition, the strength capacity of specimens is checked for the strength demand caused by the design earthquake load including overturning moment effects. The result shows while the strength of specimen with joint box for vertical continuity is little bit lower than that of specimen connected by welding, the ductility of the former is higher than that of the latter. The energy dissipation ratios of PC specimens are ranged from 83% to 96% of that of Re specimen and the average of those are shown 90%.

  • PDF