• Proceedings of the Korean Operations and Management Science Society Conference
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• 1990.04a
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• pp.335-343
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• 1990

The traditional economic evaluation methods do not seem to consider derivative efforts-productivity improvement, quality improvement.-which may be occured by AMS introduction. Current evaluation methods are based on mass production with known characteristic and stable technology. Recently, expert suggest that these assumption-stable production and mass production-are realized to be a limited in substantial economic evaluation analysis. Therefore, the problem of traditional evaluation methods suggested in this thesis and decision in the case studies are derived using two complementary economic analysis methods-AHP method, modified economic evaluation model- and traditional evaluation method. After three methods are compared and evaluated in the view of practical economic evaluation, AHP method is intended to be introduced as a new economic evaluation method.

• Journal of the Korea Society of Computer and Information
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• v.17 no.11
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• pp.189-196
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• 2012

This paper proposes Swap algorithm for solving Dynamic Economic Dispatch (DED) problem. The proposed algorithm initially balances total load demand $P_d$ with total generation ${\Sigma}P_i$ by deactivating a generator with the highest unit generation cost $C_i^{max}/P_i^{max}$. It then swaps generation level $P_i=P_i{\pm}{\Delta}$, (${\Delta}$=1.0, 0.1, 0.01, 0.001) for $P_i=P_i-{\Delta}$, $P_j=P_j+{\Delta}$ provided that $_{max}[F(P_i)-F(P_i-{\Delta})]$ > $_{min}[F(P_j+{\Delta})-F(P_j)]$, $i{\neq}j$. This new algorithm is applied and tested to the experimental data of Dynamic Economic Dispatch problem, demonstrating a considerable reduction in the prevalent heuristic algorithm's optimal generation cost and in the maximization of economic profit.

• Journal of Urban Science
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• v.7 no.1
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• pp.11-21
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• 2018

Abstract: Korea has designated free economic zones to build the foundation for national economic development by setting up special economic zones to be more competitive in cities. On August 5, 2003, the government designated Songdo, Yeongjong and Cheongna districts in Incheon as free economic zones. But while the development should have been completed nearly three years before the end of the development, the development has been slow and the population, foreign direct investment and other business results are far from the initial plan. Therefore, in this study, we will investigate the various problems occurring in the Incheon Free Economic Zone, investigate the causes of the problem, and then compare and analyze the Incheon Free Economic Zone and China's special economic zones. The two institutions share similar characteristics in many areas, but the Incheon Free Economic Zone system has yet to be settled, as the special economic zone has played a significant role in economic development in China. Therefore, the study is expected to find a solution to the problems of the free economic zones in Incheon and provide directions for future development.

• Journal of Electrical Engineering and Technology
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• v.7 no.5
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• pp.681-688
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• 2012

This paper presents the application of Differential Evolution (DE) algorithm to obtain a solution for Bid Based Dynamic Economic Dispatch (BBDED) problem including the transmission losses and to maximize the social profit in a deregulated power system. The IEEE-30 bus test system with six generators, two customers and two trading periods are considered under various bidding strategies in a day-ahead electricity market. By matching the bids received from supplying and distributing entities, the Independent System Operator (ISO) maximize the social profit, (with the choices available). The simulation results of DE are compared with the results of Particle swarm optimization (PSO). The results demonstrate the potential of DE algorithm and show its effectiveness to solve BBDED.

• Journal of Electrical Engineering and Technology
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• v.12 no.4
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• pp.1417-1426
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• 2017

Power system analysis, Non-Convex Economic Dispatch (NED) is considered as an open and demanding optimization problem. Despite the fact that realistic ED problems have non-convex cost functions with equality and inequality constraints, conventional search methods have not been able to effectively find the global answers. Considering the great potential of meta-heuristic optimization techniques, many researchers have started applying these techniques in order to solve NED problems. In this paper, a new and efficient approach is proposed based on imperialist competitive algorithm (ICA). The proposed algorithm which is named multi-operator ICA (MuICA) merges three operators with the original ICA in order to simultaneously avoid the premature convergence and achieve the global optimum answer. In this study, the proposed algorithm has been applied to different test systems and the results have been compared with other optimization methods, tending to study the performance of the MuICA. Simulation results are the confirmation of superior performance of MuICA in solving NED problems.

• Korean System Dynamics Review
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• v.2 no.1
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• pp.5-28
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• 2001

The advent of Electronic Commerce is raising two hypothetical questions conflicting each other in economic point of view. The one is that cyberspace will eventually resolve the problem of economic disparity by presenting equal opportunities to local companies through the removal of barriers in terms of time and space. The other is that the problem of economic disparity will be amplified by the vicious cycle of reproduction on an enlarged scale residing in the new rules of digital economy. As an initial attempt to tackle the questions listed above, by introducing systems thinking and adopting the systems dynamics simulation technique this paper puts an effort to find some tentative answers to the questions possibly raised about the impact of electronic commerce on local economy on which little research has been conducted so far. The general scheme for the dynamism of systems where two groups of electronic malls compete each other and the findings presented in the paper would perhaps provide some ideas and directions for further study.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.780-785
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• 2005

This paper aims to consider an overall benefit-duration optimization (OBDO) problem for the sake of maximizing owner's economic benefits, whilst considering influences of schedule compression incurred opportunity income on the profitability of a large-scale construction project. Unlike previous schedule optimization models and techniques that have focused on project duration or cost minimization, with greater weight on contractors' interests, OBDO facilitates owner's economic benefits through overall benefit-duration optimization. In this paper, the objective function of OBDO model is formulated. An example is illustrated to prove the feasibility and practicability of the overall benefit-duration optimization problem. The significance of employing OBDO model and future research work are also described.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.17 no.4
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• pp.219-224
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• 2017

In facing the lack of a deterministic algorithm for economic load dispatch optimization problem, only non-deterministic heuristic algorithms have been suggested. Worse still, there is a near deficiency of research devoted to real-time load dispatch optimization algorithm. In this paper, therefore, I devise a shut-off and swap algorithm to solve real-time load dispatch optimization problem. With this algorithm in place, generators with maximum cost-per-unit generation power are to be shut off. The proposed shut-off criteria use only quadratic function in power generation cost function without valve effect nonlinear absolute function. When applied to the most prevalent economic load dispatch benchmark data, the proposed algorithm is proven to largely reduce the power cost of known algorithms.

• Korea Journal of Hospital Management
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• v.15 no.4
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• pp.1-26
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• 2010

We achieved both industrialization and democratization during the shortest period in the world. We also achieved good performance in national health insurance: universal coverage, solidarity in financing, equitable access of health care. However, national health insurance system has faced the problem of sustainability: various expenditure and financing problems. The problem of sustainablity has two facets of economic sustainability and fiscal sustainability. Economic sustainability refers to growth in health spending as a proportion of gross domestic product(GDP). Rapid increasing rate of health spending exceeds the growth rate of domestic product. Growth in health spending is more likely to threaten other areas of economic activity. Concern on fiscal sustainability relates to revenue and expenditure on health care. Health care financing face demographic and technical obstacles. Democratic obstacle is aging problem. Technical obstacle is collection of contribution. Expenditure of health care has various problems in benefit structure and efficiency of health care system. In this article, I suggest several policy reforms to enhance sustainability: generating additional revenue from value added tax, changing method of levying contribution, increasing efficiency of health care system by introducing the competition principle. restructuring of benefit scheme of health insurance. contracting with health care institutions to provide health care services.

• Proceedings of the KIEE Conference
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• 1998.07c
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• pp.926-928
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• 1998

A fast optimization algorithm has been evolved from a simple two stage optimal power flow(OPF) algorithm for constrained power economic dispatch. In the proposed algorithm, we consider various constraints such as power balance, generation capacity, transmission line capacity, transmission losses, security equality, and security inequality constraints. The proposed algorithm consists of four stages. At the first stage, we solve the aggregated problem that is the crude classical economic dispatch problem without considering transmission losses. An initial solution is obtained by the aggregation concept in which the solution satisfies the power balance equations and generation capacity constraints. Then, after load flow analysis, the transmission losses of an initial generation setting are matched by the slack bus generator that produces power with the cheapest cost. At the second stage we consider transmission losses. Formulation of the second stage becomes classical economic dispatch problem involving the transmission losses, which are distributed to all generators. Once a feasible solution is obtained from the second stage, transmission capacity and other violations are checked and corrected locally and quickly at the third stage. The fourth stage fine tunes the solution of the third stage to reach a real minimum. The proposed approach speeds up the coupled LP based OPF method to an average gain of 53.13 for IEEE 30, 57, and 118 bus systems and EPRI Scenario systems A through D testings.