• Transactions on Electrical and Electronic Materials
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• 제18권2호
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• pp.111-118
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• 2017

The increased diversity of different types of energy sources requires moving towards smart distribution networks. This paper proposes a probabilistic DG (distributed generation) units planning model to determine technology type, capacity and location of DG units while simultaneously allocating ESS (energy storage systems) based on pre-determined capacities. This problem is studied in a wind integrated power system considering loads, prices and wind power generation uncertainties. A suitable method for DG unit planning will reduce costs and improve reliability concerns. Objective function is a cost function that minimizes DG investment and operational cost, purchased energy costs from upstream networks, the defined cost to reliability index, energy losses and the investment and degradation costs of ESS. Electrical load is a time variable and the model simulates a typical radial network successfully. The proposed model was solved using the DICOPT solver under GAMS optimization software.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2006년도 추계학술대회 논문집 전력기술부문
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• pp.393-395
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• 2006

In competitive market, it is important to establish a plan of transmission expansion considering uncertainty of future generation and load behavior. For this reason, revised transmission expansion model is proposed in this paper. In the proposed model, information of predictable future condition are included in a cost function of transmission expansion investment. Also, to reduce risk of the investment, mean-variance Markowitz approach is added to the objective function of cost. By optimization programming, the most robust and the minimum cost plan can be obtained.

• 통상정보연구
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• 제19권2호
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• pp.85-107
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• 2017

The aim of this study is to empirically examine fundamental factors that drive FDI to a particular location. This study further explores operating conditions of Korean firms in Myanmar. A survey methodology and then a regression analysis are employed. The study finds that the factors such as transportation, production factor, market, and cost play an important role for the location of FDI. However, the Korean investment in Myanmar decreases from 2013. The decrease of Korean investment implies that investing in Myanmar has not been profitable. The empirical study finds a complicated pattern of FDI. Large Korean firms are located far from the consumer market, thus, bear an increased transport cost to reach the consumer market. They are rather located in a place where they can access to a transport means and raw materials with low cost to export final products. They place FDI into a host country to serve as a production platform for exports to neighboring countries.

• 한국철도학회:학술대회논문집
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• 한국철도학회 2010년도 춘계학술대회 논문집
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• pp.1623-1629
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• 2010

The high speed rolling stock system considerably belongs to a special industry which requires large-scale investment cost but the recovery term is long. Therefore, to guarantee risk and possibility of technological success in initial investment, tools concerned with various expecting methods like life cycle costs analysis and credibility management are used. In view of this characteristics, the cases on cost structure for HSR RS previously invested should be studied and the method to appropriately allocate the life cycle of each sub-system like arrangement unit, electric device, braking device, door and car body should be realized. Moreover, the environmental aspects of main manufacturer and parts supplier can be checked. This study, through the case study for HSR cost structure in introduction and operational stage of KTX, aims to seek for the method to adapt to environmental changes like EU railway industry of which object is to acquire global market competitiveness by integrating manufacturing and operation of RS and the regulation and operation of IRIS which is performed in Europe.

• 전기학회논문지
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• 제57권9호
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• pp.1531-1535
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• 2008

In the past vertically integrated power system, the power utility forecasted power demand and invested new power plants to keep a system adequacy. However, in the competitive electricity markets, a principle part of the capacity investment is market participants who decided the investment to maximize their profit. Especially, one of the main factors in their long-term decision making is the retrieval of fixed costs (construction costs). This paper presents the capacity payment in electricity power markets. The capacity payment (CP) in Cost Based Pool (CBP) is needed to recover fixed costs. However, CP in CBP was applied not only recovering fixed costs but also ensuring supply reliability. In order to operate harmonious power markets, pool needs reasonable CP mechanism. This paper analysis CP using capacity proportion and Reliability Pricing Model (RPM).

• 해양환경안전학회지
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• 제20권3호
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• pp.292-295
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• 2014

This paper proposes that the Marine Search & Rescue and Salvage Association of Korea (MARSA) can provide KCG a very positive return on investment; that is, MARSA will save lives and property well over the budget needed from KCG to operate MARSA. To perform this Cost-Benefit Analysis, actual performance data and other figures are taken from the USCG Auxiliary, and these figures are used to project expected possible MARSA results. In this paper, MARSA is projected to provide a 1,493 % return on investment.

• 한국전자거래학회지
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• 제15권1호
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• pp.119-137
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• 2010

RFID 확산이 어려운 이유 중 하나는 구체적 경제성 분석 방법의 부재라 할 수 있다. 기존 문헌 분석과 파급 효과가 큰 택배산업 사례를 통해 RFID 도입에 따른 비용/혜택 분석을 포함한 경제성 분석 방법을 제시하였다. RFID 적용 효과의 기대 수준을 낙관적, 보수적, 비관적으로 정의하여 분석하고, 태그 단가 등에 따른 민감도 분석을 통해 RFID 비용과 RFID 기술 기대 수준에 따른 불확실성을 반영하였다. 본 연구의 결과는 RFID 도입을 위한 의사결정에 기여할 수 있을 것으로 예상된다.

• Journal of Electrical Engineering and Technology
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• 제5권2호
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• pp.239-245
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• 2010

Today, as power trades between generators and loads are liberalized, the uncertainty level of power systems is rapidly increasing. Therefore, transmission operators are required to incorporate these uncertainties when establishing an investment plan for effective operation of transmission facilities. This paper proposes the methodology for an optimal solution of transmission expansion plans for the long-term in a deregulated power system. The proposed model uses the probabilistic cost of transmission congestion for various scenarios and the annual increasing rates of loads. The locations and the installation times of expanded transmissions lines with minimum cost are acquired by the model. To minimize the investment risk, the Mean-Variance Markowitz portfolio theory is applied to the model. In a case study, the optimal solution of a transmission expansion plan is obtained considering the uncertain power market.

• 국제학술발표논문집
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• The 1th International Conference on Construction Engineering and Project Management
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• pp.824-829
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• 2005

This paper focuses on construction cost volatility for the purpose of private sector investment by use of a financial model with key indices of IRR and DSCR (Debt Service Coverage Ratio). A case project, 1,000 MW pumped storage hydropower plant, has shown that its financial impacts by cost volatility of underground works are less measured than interest rates impacts by interest rate of loans. Probabilistic analysis of costs under geotechnical conditions has been made by Indicator Kriging method. And, in the modeling of interest rates, geometric Brownian motion has been applied. Both of these impacts are measured on the same financial model.

• 한국경영정보학회:학술대회논문집
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• 한국경영정보학회 2007년도 International Conference
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• pp.339-344
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• 2007

In the cut-throat competitive environment of business, large-scale IS investment is becoming inevitable strategic necessity for gaining competitive advantage. However. it bears great deal of risk over all the associated processes so that the investment decisions need to be taken in a greatly careful manner. Nonetheless, Korean organizations are prominently showing risk taking behaviors regarding major is investment, in terms of system downsizing. Although decision theory argues decision makers' rational choice of options through the assessment of risk and benefit, the notable trend toward system downsizing in Korea defies common understandings on IS project risk. Furthermore, it encourages us to investigate many impenetrable characteristics underlying organizational risk taking decisions with IS investment. We found out that there is Significant effect of IS decision makers' risk propensity when they make system downsizing decisions. Moreover. we Identified that IS decision makers do not get a strong pressure of cost savings and have tendencies to mimic competitor's decisions.