• New & Renewable Energy
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• v.8 no.2
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• pp.33-43
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• 2012

Why solar companies preferred vertical integration of whole value chain? Major solar companies have built internally strong vertical integration of entire PV value chain. We raise a question whether such integration increases the corporate value and whether market situation affects the result. To test these questions, we conducted multi-variant analysis where characteristic factors mainly affect the corporate value measured in terms of Tobin'Q, based on the financial and non-financial data of PV companies listed in US stock market between 2005 and 2010. We hypothesize that since integration increases the overall efficiency but decreases the flexibility to adjust to various market situation, the combined effect of the efficiency gain and the flexibility loss ultimately determines the sign of integration effect on the corporate vale. We infer that the combined effect will be influenced heavily by business cycle, as in boom market (Seller's market) the efficiency gain may be larger than the flexibility loss and vice versa in bust market. We test whether the sign of combined effect changes after the year of 2009 and which factors influence most the sign. Year of 2009 is known as the year when market shifted from Seller's to Buyer's market. We show that 1) integration increases corporate value in general but after 2009 integration significantly decreases the value, 2) the ratios such as Production/Total Cost, Cash turnover period chosen for reversal of the flexibility measure are negatively affect Tobin's Q and especially stronger after 2009. This shows the flexibility improves corporate value and stronger in the recess period (Buyer's market). These results imply that solar company should set up integration strategy considering the tradeoff between efficiency and flexibility and the impact of the business cycle on both factors. Strategy only based on the price competitiveness determined in boom time can bring undesirable outcomes to the company. In addition, Strategic alliances in some value chains as a flexible bondage should be taken in account as complementary choice to the rigid integration.

• Korean System Dynamics Review
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• v.2 no.2
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• pp.25-40
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• 2001

This paper describes the forecast of power plant construction in a competitive korean electricity market. In Korea, KEPCO (Korea Electric Power Corporation, fully controlled by government) was responsible for from the production of the electricity to the sale of electricity to customer. However, the generation part is separated from KEPCO and six generation companies were established for whole sale competition from April 1st, 2001. The generation companies consist of five fossil power companies and one nuclear power company in Korea at present time. Fossil power companies are scheduled to be sold to private companies including foreign investors. Nuclear power company is owned and controlled by government. The competition in generation market will start from 2003. ISO (Independence System Operator will purchase the electricity from the power exchange market. The market price is determined by the SMP(System Marginal Price) which is decided by the balance between demand and supply of electricity in power exchange market. Under this uncertain circumstance, the energy policy planners such as government are interested to the construction of the power plant in the future. These interests are accelerated due to the recent shortage of electricity supply in California. In the competitive market, investors are no longer interested in the investment for the capital intensive, long lead time generating technologies such as nuclear and coal plants. Large unclear and coal plants were no longer the top choices. Instead, investors in the competitive market are interested in smaller, more efficient, cheaper, cleaner technologies such as CCGT(Combined Cycle Gas Turbine). Electricity is treated as commodity in the competitive market. The investors behavior in the commodity market shows that the new investment decision is made when the market price exceeds the sum of capital cost and variable cost of the new facility and the existing facility utilization depends on the marginal cost of the facility. This investors behavior can be applied to the new investments for the power plant. Under these postulations, there is the potential for power plant construction to appear in waves causing alternating periods of over and under supply of electricity like commodity production or real estate production. A computer model was developed to sturdy the possibility that construction will appear in waves of boom and bust in Korean electricity market. This model was constructed using System Dynamics method pioneered by Forrester(MIT, 1961) and explained in recent text by Sternman (Business Dynamics, MIT, 2000) and the recent work by Andrew Ford(Energy Policy, 1999). This model was designed based on the Energy Policy results(Ford, 1999) with parameters for loads and resources in Korea. This Korea Market Model was developed and tested in a small scale project to demonstrate the usefulness of the System Dynamics approach. Korea electricity market is isolated and not allowed to import electricity from outsides. In this model, the base load such as unclear and large coal power plant are assumed to be user specified investment and only CCGT is selected for new investment by investors in the market. This model may be used to learn if government investment in new unclear plants could compensate for the unstable actions of private developers. This model can be used to test the policy focused on the role of unclear investments over time. This model also can be used to test whether the future power plant construction can meet the government targets for the mix of generating resources and to test whether to maintain stable price in the spot market.

• Journal of Energy Engineering
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• v.5 no.2
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• pp.153-159
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• 1996

The Sequence Of Event (SOE) system used in nuclear power plants is a part of the Plant Data Acquisition System (PDAS). The SOE system of the existing nuclear power plant shares the computer H/W and S/W with PDAS, and requires more complicated structure using three processors to provide the events or trip signals. Moreover, there are high potential of collision between synchronization signals and data transmitted to the Plant Computer System (PCS) when the synchronization signals are sent from PCS to the three SOE processors. When this collision happens the SOE system will break down, thus it is not possible to analyze the trend of events or trips. This paper issues the limitations item of the existing SOE system and proposes the novel SOE system using single processor. And the test system for proposed SOE system is designed, implemented and tested.

• The Journal of the Korea Contents Association
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• v.5 no.6
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• pp.230-237
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• 2005

In this paper, we are suggested a method that's a major topics in sports medicine. It is disease control, control and management of chronic degenerative disease, and promotion of health. We are analyze physical activity to scientific and quantitative a trainee at Wu-Shu gymnasium, for a suggested method. We are measured a quantity of physical activity by SenseWear-PRO2-Armband which develop body-media company. Armband include to skin temperature sensor, near-body temperature sensor, accelerometer, heat flux sensor, galvanic skin response sensor. Acquired data was recorded to storage in Armband. We are analyzed using InnerView Wearer Software in the Stored data to skin temperature, calorie expenditure, quantity of physical activity. The result of this analyzed, we are know that a man of long-term exercise expenditure energy at short time and if liveliness of physical activity was Increase in expenditure energy with increase skin temperature. Also, we are know that the heat flux after increase expenditure energy with increase skin temperature. And, know that GSR was not affected a factors that physical activity, expenditure energy, increase skin temperature, and others.

• Journal of Radiation Protection and Research
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• v.24 no.1
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• pp.1-7
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• 1999

Using the TBP slovent extraction method, a simple and precise method for determining uranium isotopes in the environment samples was developed. The soil sample was decomposed with $HNO_3$ and HF. Uranium isotopes were extracted with 15% TBP in $CCl_4$ from aqueous phase to organic phase, and Th fraction was removed with 8M HCl. Uranium fraction was purified in back extraction step with 1M HCl. Optimized electrode position conditions of uranium Isotopes were set using a new electrode position solution including a DTPA chelating agent. The new method of uranium isotopes determination was validated with a result of application to IAEA Reference Soils.

• Steel and Composite Structures
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• v.28 no.3
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• pp.309-318
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• 2018

Buckling Restrained Braced (BRB) frames have been widely used as an efficient seismic load resisting system in recent years mostly due to their symmetric and stable hysteretic behavior and significant energy dissipation capacity. In this study, to provide a better understanding of the behavior of BRB frames with various beam-column connections, a numerical study using non-linear finite element (FE) analysis is conducted. All models are implemented in the Abaqus software package following an explicit formulation. Initially, the results of the FE model are verified with experimental data. Then, diverse beam-column connections are modeled for the sake of comparison from the shear capacity, energy dissipation and frame hysteresis behavior points of view until appropriate performance is assessed. The considered connections are divided into three different categories: (1) simple beam-column connections including connection by web angle and connection by seat angle; (2) semi-rigid connection including connection by web and seat angles; and (3) rigid beam-column connections by upper-lower beam plates and beam connections with web and flange splices. Results of the non-linear FE analyses show that these types of beam-column connections have little effect on the maximum story drift and shear capacity of BRB frames. However, the connection type has a significant effect on the amount of energy dissipation and hysteresis behavior of BRB frames. Also, changes in length and thickness of the angles in simple and semi-rigid connections and changes in length and thickness of plates in rigid connections have slight effects (less than 4%) on the overall frame behavior.

• Journal of Energy Engineering
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• v.24 no.4
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• pp.130-139
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• 2015

Korea country was set up over 30% greenhouse gas reduction target in comparision with BAU(Business as usal) at the national level, depending on climate change, which have been promoted as several technical and policy planning in order to reduce national greenhouse gas reduction. In this study, we derived the policies and technologies of power plant sector that is a high rate of reduction and public interest, we established a model for a common evaluation indicators and each of the evaluation factors between policy and technology priorities based on appropriate subject experts using analytic hierarchy process(AHP). Further we suggest insight to electricity company to establish the investment strategies of the technology and the associated policy by applying a weight evaluation index presenting a comprehensive priority.

• Plant Journal
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• v.8 no.4
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• pp.34-39
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• 2012

This study presents how low quality coal combustion affects the desulfurizer draft system by correlating of draft loss in a coal-fired thermal power plant and predicts the stall occurrence time of a booster fan. In case of low quality coal, a lot of coal is needed to generate equivalent output power, thereby the rating of increasing draft loss was faster than designed amount of coal. We surely confirmed that draft loss affects the specific energy of a booster fan strongly. On this basis, it is possible to predict the occurring time of stall for a booster fan from current operation specific energy to stall limit specific energy. This study suggests increasing speed of draft loss in each caloric value and the impact of specific energy at a booster fan, it expects to help safe operating in a thermal power plant.

• Journal of Energy Engineering
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• v.28 no.2
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• pp.47-54
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• 2019

As absorption type heat pump for waste heat recovery is installed in combined cycle power plant for Energy Service Company, performance test is implemented to confirm the operation data on partial load. The operation data changes according to the heat pump operation on partial load are as follows. Total heat output increases, because waste heat of closed cooling water and a portion of LP steam from HRSG is supplied. But electric power output of steam turbine is reduced, because LP steam to steam turbine is reduced. And heat output from HP district heater and LP district heater is reduced, because HP turbine exhaust steam to HP district heater and LP district heater is reduced. On partial load operation, turbine output reduction is higher than the base load operation. Therefore, on partial load, heat pump should be operated in consideration of the heat output increase and electric power output reduction.

• International Journal of Naval Architecture and Ocean Engineering
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• v.12 no.1
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• pp.440-454
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• 2020

To prevent pollution from ships, the Energy Efficiency Design Index (EEDI) is a mandatory guideline for all new ships. The Ship Energy Efficiency Management Plan (SEEMP) has also been applied by MARPOL to all existing ships. SEEMP provides the Energy Efficiency Operational Indicator (EEOI) for monitoring the operational efficiency of a ship. By monitoring the EEOI, the shipowner or operator can establish strategic plans, such as routing, hull cleaning, decommissioning, new building, etc. The key parameter in calculating EEOI is Fuel Oil Consumption (FOC). It can be measured on board while a ship is operating. This means that only the shipowner or operator can calculate the EEOI of their own ships. If the EEOI can be calculated without the actual FOC, however, then the other stakeholders, such as the shipbuilding company and Class, or others who don't have the measured FOC, can check how efficiently their ships are operating compared to other ships. In this study, we propose a method to estimate the EEOI without requiring the actual FOC. The Automatic Identification System (AIS) data, ship static data, and environment data that can be publicly obtained are used to calculate the EEOI. Since the public data are of large capacity, big data technologies, specifically Hadoop and Spark, are used. We verify the proposed method using actual data, and the result shows that the proposed method can estimate EEOI from public data without actual FOC.