• Korean Management Science Review
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• v.18 no.1
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• pp.119-133
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• 2001

It is important to find the equilibrium level of real interest rate for it affects real and financial sector of economy. However, it is difficult to find the equilibrium level because like the most macroeconomic model the real interest model has parameter instability problem caused by structural change and it is supported by various theories and definitions. Hence, in order to cover these problems structural change detection model of real interest rate is developed to combine the real interest rate equilibrium model and the procedure to detect structural change points. 3 equations are established to find various effects of other interest-related macroeconomic variables and from each equation, structural changes are found. Those structural change points are consistent with common expectation. Oil Crisis (December, 1987), the starting point of Economic Stabilization Policy (January, 1982), the starting point of capital liberalization (January, 1988), the starting and finishing points of Interest deregulation (January, 1992 and December, 1994), Foreign Exchange Crisis (December, 1977) are detected as important points. From the equation of fisher and real effects, real interest rate level is estimated as 4.09% (October, 1988) and dependent on the underlying model, it is estimated as 0%∼13.56% (October, 1988), so it varies so much. It is expected that this result is connected to the large scale simultaneous equations to detect the parameter instability in real time, so induces the flexible economic policies.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.2
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• pp.79-87
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• 2005

At present Cournot model is one of the most commonly used theories to analyze the gaming situation in oligopoly market. But there exist several problems to apply this model to electricity market. The representative one is to obtain the inverse demand curve able to be induced from the relationship between market price and demand response. In Cournot model, each player offers their generation quantity to accomplish maximum profit, which is accomplished by reducing their quantity compared with available total capacity. As stated above, to obtain the probable Cournot equilibrium to reflect real market situation, we have to induce the correct demand function first of all. Usually the correlation between price and demand appears on the long-term basis through the statistical data analysis (for example, regression analysis) or by investigating consumer utility functions of several consumer groups classified as residential, industrial, and commercial. However, the elasticity has a tendency to change continuously according to the total market demand size or the level of market price. Therefore it should be updated as trading period passes by. In this paper we propose a method for inducing and updating this price elasticity of demand function for more realistic market equilibrium.

• Journal of the Korean Geotechnical Society
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• v.15 no.5
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• pp.19-28
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• 1999

In this paper, an application of finite element procedure for the analysis of slope failure behavior has been studied. The most widely accepted methods in analyzing the slope stability problems are mostly based on limit equilibrium method. And the finite element method is widely accepted to analyze stress and displacements. This paper shows how the factor of safety calculated in the finite element method can be systematically incorporated into slope stability. In analyzing the slope failure behavior by finite element method, the effects of computational method and the results have been discussed. And several computations of slope stabilities were carried out to compare the finite element analysis results with those obtained by methods of slices based on the limit equilibrium analysis.

• Journal of Korean Society of Transportation
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• v.20 no.4
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• pp.95-107
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• 2002

Congestion and increasing returns to scale in the use of and in the provision of transportation facilities have been biggest challenges to policy makers. In order to counter these problems and thereby to promote economic efficiency, optimal congestion tax and marginal cost pricing are separately and strongly recommended for each case. In this paper, however, we show that they are valid only in Partial equilibrium context in which only the corresponding market is considered. We set up a formal general equilibrium model and prove that the recommended policies are not in general effective. We continue to give particular examples which show the invalidity of each policy and continue to show that in the same examples, there exist better but unconventional policies. Based on these findings we strongly suggest to employ quantify restricting policy measure or to find second-best pricing policies.

• Computational Structural Engineering
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• v.3 no.4
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• pp.91-104
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• 1990

Static performance of quadrilateral plate elements was compared through numerical experiments. Sixteen plate elements were selected for comparison from the literature, which were displacement elements, equilibrium elements, mixed elements or hybrid elements based on the Kirchhoff theory or the Mindlin theory. Thin plate bending problems, such as square plate problems, rhombic plate problems, circular plate problems and cantilevered plate problems, were modeled by various meshes and solved under various kinds of boundary conditions. Kirchhoff elements were not so good as Mindlin elements in view of efficiency and convergence. Hinton's elements resulted in the best results for the problems considered with respect to efficiency, convergence and reliability but in some problems they also resulted in more or less inaccurate solutions.

• Journal of the Korean Institute of Intelligent Systems
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• v.11 no.4
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• pp.325-330
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• 2001

It has been realized that the results of circuit level simulation of neural networks, used for optimization problems, arc much different from those of algorism level simulation. In other words, the outputs converges asymptotically as time elapes, however, the input convergence depends on the value of parasitic conductance connected between input node and ground. Also, this conductance affects system performance. This paper discusses the influence of input conductance on the convergece of the continuous Hopfield neural networks. The convergence has been analyzed for the input and output nodes of neurons. Also, the characteristics of equilibrium points has been analyzed depending on different values of the input conductance.

• Journal of computational fluids engineering
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• v.13 no.3
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• pp.51-61
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• 2008

The SMAC (Simplified Marker And Cell) algorithm is extended for an application to thermal non-equilibrium two-phase flows in light water nuclear reactors (LWRs). A two-fluid three-field model is adopted and a multi-dimensional unstructured grid is used for complicated geometries. The phase change and the time derivative terms appearing in the continuity equations are implemented implicitly in a pressure correction equation. The energy equations are decoupled from the momentum equations for faster convergence. The verification of the present numerical method was carried out against a set of test problems which includes the single and the two-phase flows. The results are also compared to those of the semi-implicit ICE method, where the energy equations are coupled with the momentum equation for pressure correction.

• Journal of Electrical Engineering and Technology
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• v.12 no.6
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• pp.2157-2165
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• 2017

This study deals with the design of the mechanism in which demand response (DR) resources are traded in the power generation market. In general, a DR aggregator (DRA), which extends DR resources and provides technical support, is central to this mechanism. In this study, power users, called DR customer (DRC), participate in load reduction and are also modeled to participate directly in DR-related bidding. The DRA provides incentives to the DRC, indirectly impacting the market, and the DRC use the bid parameters strategically. We present the conditions for finding Nash Equilibrium (NE) in game problems of various participants including market operators, and analyze the characteristics of DRA and DRC related models. It also analyzes the impact of the participants on the market according to various types of competition and coalitions between DRA and DRC.

• Communications of the Korean Mathematical Society
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• v.28 no.2
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• pp.335-351
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• 2013

In this paper, we introduce a new iterative scheme for finding a common element of the fixed points set of a countable family of uniformly Lipschitzian generalized asymptotically quasi-nonexpansive mappings and the solutions set of equilibrium problems. Some strong convergence theorems of the proposed iterative scheme are established by using the concept of W-mappings of a countable family of uniformly Lipschitzian generalized asymptotically quasi-nonexpansive mappings.

• Structural Engineering and Mechanics
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• v.3 no.4
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• pp.299-312
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• 1995

A new reinforcing steel model which is embedded inside a concrete element and also accounts for the effect of bond-slip is developed. Unlike the classical bond-link or bond-zone element using double nodes, the proposed model is considering the bond-slip effect without taking double nodes by incorporation of the equivalent steel stiffness. After calculation of nodal displacements, the deformation of steel at each node can be found through the back-substitution technique from the first to the final steel element using a governing equation constructed based on the equilibrium at each node of steel and the compatibility condition between steel and concrete. This model results in significant savings in the number of nodes needed to account for the effect of bond-slip, in particular, when the model is used for three dimensional finite element problems. Moreover a new nonlinear solution scheme is developed in connection with this model. Finally, correlation studies between analytical and experimental results and several parameter studies are conducted with the objective to establish the validity of the proposed model.