• Title/Summary/Keyword: expected utility

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A Modified EGEAS Model with Avoided Cost and the Optimization of Generation Expansion Plan (회피비용을 고려한 EGEAS 모형 개발과 전원개발계획의 최적화)

  • 이재관;홍성의
    • Korean Management Science Review
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    • v.17 no.1
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    • pp.117-134
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    • 2000
  • Pubilc utility industries including the electric utility industry are facing a new stream of privatization com-petition with the private sector and deregulation. The necewssity to solve now and in the future power supply and demand problems has been increasing through the sophisticated generation expansion plan(GEP) approach con-sidering not only KEPCo's supply-side resources but also outside resources such as non-utility generation(NUG) demand-side management (DSM). Under the environmental situation in the current electric utility industry a new approach is needed to acquire multiple resources competitively. This study presents the development of a modified electric generation expansion analysis system(EGEAS) model with avoided cost based on the existing EGEAS model which is a dynamic program to develope an optimal generation expansion plan for the electric utility. We are trying to find optimal GEP in Korea's case using our modified model and observe the difference for the level of reliabilities such as the reserve margin(RM) loss of load probability(LOLP) and expected unserved energy percent(EUEP) between the existing EGEAS model and our model. In addition we are trying to calculate avoided cost for NUG resources which is a criterion to evaluate herem and test possibility of connection calculation of avoided cost with GEP implementation using our modified model. The results of our case study are as follows. First we were able to find that the generation expansion plan and reliability measures were largely influenced by capacity size and loading status of NUG resources, Second we were able to find that avoided cost which are criteria to evaluate NUG resources could be calculated by using our modified EGEAS model with avoided cost. We also note that avoided costs were calculated by our model in connection with generation expansion plans.

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A Study on Reform Case of the Citizen Service Delivery System by using IT : Focused on the Implementation of Public Utility Charges Depreciation Simplification and its Implications (정보기술을 활용한 주민서비스 전달체계 개선사례 연구 : "공공요금 감면절차 간소화" 구현 및 성공요인 중심)

  • Kim, Wan Pyong
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.6 no.3
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    • pp.221-230
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    • 2010
  • Citizens' demand, which has been previously focused on welfare, is now expanding to include elements for higher quality of life such as employment, housing, culture, and sports. Accordingly, the government, with an aim of effectively delivering resident services that satisfy various demands, is committed to transforming the central government-oriented service system into the integrated service system based on public-private partnership. The government is also dedicated to expanding services to 8 areas including not only welfare but also healthcare, employment, housing, education, sports, culture, and tourism, which are directly related to everyday lives of residents. This project is designed to support such reforms in the citizen service delivery system in order to enhance quality of life of local residents. This study is to draw implications from analysis for implementing the citizen service integrated information system in order to reform the citizen service delivery system effectively through examinations and analyses of citizen services provided by the central government. Especially focus on public utility charges depreciation simplification citizen service. Its implications are expected to offer a real contribution for central and local Governments that want to increase the productivity of implementing eGovernment service.

Design and Control of the Single-phase Inverter for Utility Interactive Photovoltaic Generation System (계통연계 태양광발전시스템용 단상 인버터의 설계 및 제어)

  • Hwang, In-Ho;Seong, Se-Jin
    • Solar Energy
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    • v.17 no.1
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    • pp.27-33
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    • 1997
  • Recently, new generation systems using solar cells or fuel cells are under development. Particularly, it is expected that small scale, utility interactive, dispersed PV system will be widely diffused in the near future. The inverter used in coupling the PV array with utility lines is an important factor determining the overall performance of power generation systems. This paper presents the design and control method of the single-phase PV inverter system that is capable of compensating reactive power including harmonic distortions. It is shown that reactive power caused by rectifier load can be compensated by the proposed inverter system.

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An Analysis on the Utility of Library Catalogs in the Changing Information Environments (정보환경의 변화와 도서관목록의 현단계)

  • Rho, Jee-Hyun
    • Journal of the Korean Society for Library and Information Science
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    • v.36 no.3
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    • pp.133-153
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    • 2002
  • This study intends to make a comprehensive investigation on the present stage of library catalogs in Korea. To the end, this study analyzed the utility of the library catalog from both librarians' and end-user's viewpoint. Emphasis was on analyzing the different viewpoints between these two groups and on verifying the problems of library catalogs in such a rapidly changing information environments. The result of this study is expected to be useful in preparing both strategies and methods to enhance the utility of library catalogs.

Optimal Bidding Strategy of Competitive Generators under Price Based Pool (PBP(Price Based Pool) 발전경쟁시장에서의 최적입찰전략수립)

  • Kang, Dong-Joo;Moon, Young-Hwan;Oh, Tae-Kyoo;Kim, Bal-Ho
    • Proceedings of the KIEE Conference
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    • 2001.11b
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    • pp.57-59
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    • 2001
  • The restructuring of power industry is still going on all over the world for last several decades. Many kinds of restructuring model has been studied, proposed, and applied. Among those models, power pool is more popular than others. This paper assumes the power pool market structure having competitive generation sector and a new method is presented to build bidding strategy in that market. The utilities participating in the market have the perfect information on their cost and price functions, but they don't know the strategy to be chosen by others. To define one's strategy as a vector, we make utility's cost/price function into discrete step function. An utility knows only his own strategy, so he estimates the other's strategy using stochastic methods. For considering these conditions, we introduce the Bayesian rules and noncooperative game theory concepts. Also additional assumptions are included for simplification of solving process. Each utility builds the strategy to maximize his own expected profit function using noncooperative Bayesian game. A numerical example is given in case study to show essential features of this approach.

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Simulation Method of Photovoltaic Generation Systems using EMTP Type Simulators (EMTP형 시뮬레이터를 이용한 태양광발전시스템 모의 방법)

  • Park Minwon;Yu In-Keun
    • The Transactions of the Korean Institute of Electrical Engineers B
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    • v.54 no.6
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    • pp.303-308
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    • 2005
  • As the cost of photovoltaic(PV) generation systems continues to decrease, utility interactive systems are becoming more economically viable. Furthermore, increases in consumer awareness correspond to a willingness to pay a premium price for clean electrical energy generated using renewable energy resources. Especially, PV generation systems, in particular, is undergoing a rapid expansion-showing an industrial growth of approximately 40$\%$ per year in the worldwide, as PV cell and systems technology improve new markets become increasingly accessible. This has resulted in an increased demand for the simulation scheme and operational technologies of utility interactive PV devices and systems. The simulation schemes that can be applied to the utility interactive PV generation systems readily and cheaply under various conditions considering the sort of solar cell, the capacity of systems and the converter system as well are strongly expected and emphasized among researchers. So far, authors have been introducing the simulation method of PV generation systems with several papers. In this paper, authors introduce the simulation way of PV generation systems using EMTP type simulators; EMTP/ATP, EMTDC/PSCAD, RTDS, with each examples. And, by connecting the voltage amplifier to the RTDS a novel simulation method which is extremely close to the real condition of PV generation system is also introduced.

An Economic Analysis on Dual-fuel Engine Generation for Peak Load (피크부하용 혼소엔진발전의 경제성 분석)

  • Lee, Ok-Bae;Ahn, Jae-Kyoung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.9
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    • pp.1260-1268
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    • 2012
  • Recently, lack of power reserve margin was observed quite often. In this paper, we studied the method to secure power source for a short time, to cut the utility power peak load, and to reduce the users electricity bills. Emergency diesel generator of an office building is to be converted into a dual-fuel engine generator which is responsible for a portion of the peak load. Compared to the conventional diesel fuel generator, the proposed dual-fuel engine is able to reduce the generation power cost by dual-fuel combustion, and it also mitigates the building's utility power peak load by charging the building's peak load. If the dead resources (a group of emergency dual-fuel engine generators), as a Virtual Power Plant, are operating in peak time, we can significantly reduce future large power development costs. We investigated the current general purpose electricity bills as well as the records of the building electric power usage, and calculated diesel engine generator renovation costs, generation fuel costs, driving conditions, and savings in electricity bills. The proposed dual-fuel engine generation method reduces 18.1% of utility power peak load, and turned out to be highly attractive investment alternative which shows more than 27% of IRR, 76 million won of NPV, and 20~53 months of payback periods. The results of this study are expected to be useful to developing the policy & strategy of the energy department.

Effect of Social Norm on Consumer Demand: Multiple Constraint Approach

  • Choi, Sungjee;Nam, Inwoo;Kim, Jaehwan
    • Asia Marketing Journal
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    • v.22 no.1
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    • pp.41-60
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    • 2020
  • The goal of the study is to understand the role of social norm in purchase decisions where demand is revealed in the form of multiple-discreteness. Consumers are socially engaged in various activities through the expectation from others in their community. Actions or decisions are likely to reflect this influence. This implicit or explicit social norm is revealed as the rules, regulations, and standards that are understood, shared, endorsed, and expected by group members. When consumers' decisions are in distance from the norm, they come to face discomfort such as shame, guilt, embarrassment, and anxiety. These pressure act as a constraint as opposed to utility in their decision making. In this study, the effect of social norms on consumer demand is captured via multiple constraint model where constraints are not only from budget equation but also from psychological burden induced by the deviation from the norm. The posterior distributions of model parameters were estimated via conjoint study allowing for heterogeneity via hierarchical Bayesian framework. Individual characteristics such as age, gender and work experience are also used as covariates for capturing the observed heterogeneity. The empirical results show the role of social norm as constraint in consumers' utility maximization. The proposed model accounting for social constraint outperforms the standard budget constraint-only model in terms of model fit. It is found that people with longer job experience tend to be more robust and resistant to the deviation from the norm. Incorporating social norm into the utility model allows for another means to disentangle the reason for no-purchase as 'not preferred' and 'not able to buy'.

An Uncertain Graph Method Based on Node Random Response to Preserve Link Privacy of Social Networks

  • Jun Yan;Jiawang Chen;Yihui Zhou;Zhenqiang Wu;Laifeng Lu
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.18 no.1
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    • pp.147-169
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    • 2024
  • In pace with the development of network technology at lightning speed, social networks have been extensively applied in our lives. However, as social networks retain a large number of users' sensitive information, the openness of this information makes social networks vulnerable to attacks by malicious attackers. To preserve the link privacy of individuals in social networks, an uncertain graph method based on node random response is devised, which satisfies differential privacy while maintaining expected data utility. In this method, to achieve privacy preserving, the random response is applied on nodes to achieve edge modification on an original graph and node differential privacy is introduced to inject uncertainty on the edges. Simultaneously, to keep data utility, a divide and conquer strategy is adopted to decompose the original graph into many sub-graphs and each sub-graph is dealt with separately. In particular, only some larger sub-graphs selected by the exponent mechanism are modified, which further reduces the perturbation to the original graph. The presented method is proven to satisfy differential privacy. The performances of experiments demonstrate that this uncertain graph method can effectively provide a strict privacy guarantee and maintain data utility.

A Study of Housing Interior Design through Housing Expectations and Housing Preferences of Future Consumers-College Students (실내공간계획에 대한 신세대의 주거기대와 주거선호)

  • 윤복자;최형준;조명은
    • Journal of the Korean housing association
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    • v.9 no.3
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    • pp.133-144
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    • 1998
  • The purpose of this study is to analyze housing expectations and housing preferences of college students' first purchased house for the future. Data was collected through self-administered questionnaires for this study and the samples consisted of 797 college students. This study found that college students preferred a high-rise apartments, a 20-24 pyung (66.0㎡-79.2㎡) house in housing size and relatively new house. The housing features and interior features that college students like to have and expected to have in the first residence were different. Their housing expectations were fairly realistic considering their affordability. College students preferred to furnish video and audio equipments, exercise equipments and ceiling fans. They generally preferred hardwood floorings and decorative moldings and expected to have built-in closet in their master bedrooms. They expected to have linen closets and large mirrors in their bathrooms. They preferred ceramic tile counter tops, wood cabinets, vinyl floorings in their kitchens and they also preferred to use kitchen as a utility.

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