• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.113-114
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• 2008

For the supported high-technology, it is in need of estimation about power quality and reasonable price through machinism. The power system made much of precision digital industrial damage under sag. This study suggested electric machine under effects of power quality in the theory and test. A electric machine was simulated and experimented about sag. The test system made up IPC as voltage sag device. The test machine was magnetic contactor and PLC. The result, electric machines appeared to influence sag with CBEMA curve. It was make possible analysis of power system about a fault. This study was expected to method that investment and development of equipment on power market in the future.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.564-565
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• 2008

All over the world, energy environment dramatically changes because of highly oil price, global warming and reduction of greenhouse gas. The power sector is effected directly indirectly by these factors. Especially, the power expansion planning of power sector should adapt itself to new surroundings. This paper presents the new system of the power expansion planning that reflects Genco's needs, power market and variable conditions. This presented system would provide regulator and Gencos with useful information about a power planning.

• Proceedings of the KIEE Conference
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• 2001.07a
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• pp.330-332
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• 2001

This paper reviews technology for power quality differentiated supply in power system. Since price and power quality has been single goods in the light of customer-side view point but hereafter it is essential for power market to introduce multiple goods which is composed of differentiated combination between them. This paper should like to work out strategy for power quality differentiated supply in domestic power system by comparison characteristics of differentiated background and its relevant various theory.

• Korean Management Science Review
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• v.31 no.1
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• pp.49-61
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• 2014

We investigate the hedging effectiveness of incorporating single-stock futures into the corresponding stocks. Investing in only stocks frequently causes too much risk when market volatility suddenly rises. We found that single-stock futures help reduce the variance and risk levels of the corresponding stocks invested. We use daily prices of Korean stocks and their corresponding futures for the time period from December 2009 to August 2013 to test the hedging effect. We also use system trading technique that uses automatic trading program which also has several simulation functions. Moving average strategy, Stochastic's strategy, Larry William's %R strategy have been considered for hedging strategy of the futures. Hedging effectiveness of each strategy was analyzed by percent reduction in the variance between the hedged and the unhedged variance. The results clearly showed that examined hedging strategies reduce price volatility risk compared to unhedged portfolio.

• Journal of Energy Engineering
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• v.15 no.1 s.45
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• pp.14-22
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• 2006

Various pros and cons are raised as to the nuclear and renewable power portions. In order to generate scientific, objective, and comparative data, this study reviewed energy policies of some countries and derived 34 possible energy mix scenarios depending on the nuclear portion, the renewable portion and the make-up power sources. For each scenario, the unit electricity cost was calculated using the BLMP (Base Load Marginal Price) and SMP (System Marginal Price) methodology, which is currently adopted in Korean electricity market. The unit electricity cost for the current energy mix was 22.18 Won/kWh and those fir other scenarios spreaded from 19.74 to 164.07 Won/kWh excluding the transmission costs and profits of the electric utility companies. Generally, the increased nuclear power portion leads reduction in the unit electricity cost while the trend is reversed in the renewable power portion. Notable observation is that when the renewable power portion exceeds 20%, as the scenario cannot enjoy the benefit of cheap base load, the unit electricity cost at low demand time zone is increased.

• Journal of Internet of Things and Convergence
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• v.5 no.2
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• pp.7-13
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• 2019

As online shopping is activated by the development of the Internet, consumers' purchase form is changing from the traditional face-to-face purchase method to online purchase method. Many sellers have flowed into shopping malls, and competition among sellers is very intense. Therefore, sellers in shopping malls need to establish rational marketing strategies by analyzing consumer purchase patterns and product sales trends. In this paper, we analyzed the purchase price of consumers by analyzing the product price, rating, and sales quantity of competitors who sell the same product in open shopping malls by time zone. In addition, the collected information was visualized in a chart so that the company's and competitors' sales trends could be easily compared. Using the above system, it is possible to predict the sales volume through the analyzed purchasing pattern and to select the reasonable price of the product by grasping the sales trend.

• The Journal of Industrial Distribution & Business
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• v.10 no.2
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• pp.65-75
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• 2019

Purpose - Along with Chinese exchange rate's reform advancement, the issue of exchange rate of RMB has increasingly become the heated focus in the world. In July 2005, China carried out the reform of the exchange rate system, and this behavior has aroused the attention of the world. However, the dispute on whether the theory of purchasing power parity holds or not in China still exists. As such, this paper will attempt to explore whether the purchasing power parity is significant in China. Research design, data, and methodology - The monthly data from July 2005 to December 2017 will be employed to analyze the nominal exchange rate of RMB against the US dollar and the nominal exchange rate of RMB against the euro. Based on these datum, an empirical analysis will be conducted under the unit root test and the cointegration test to exploit the significance of purchasing power parity in China. Results - The findings of this paper reveal that an increase in China's consumer price index will lead to an increase in the RMB exchange rate, which will lead to the depreciation of RMB. Concomitantly, an increase in the consumer price index in the US and Europe will result in a decrease in the RMB exchange rate, which will lead to an appreciation of RMB. In general, in terms of the US, if US consumer price index increases by 1%, China's nominal exchange rate against US dollar will decrease by 0.905%; if China's consumer price index increases by 1%, China's nominal exchange rate against US dollar will increase by 0.648%. In terms of Europe, if Europe consumer price index increases by 1%, China's nominal exchange rate against euro will decrease by 0.277%; If China's consumer price index increases by 1%, China's nominal exchange rate against euro will increase by 0.235%. Conclusions - Generally speaking, the empirical evidences this paper provided show that the purchasing power parity theory has a certain explanatory ability for the decision of RMB exchange rate. As such, the purchasing power parity cannot hold completely, and China's government should continue to deepen the reform of the exchange rate system to improve China's exchange rate market.

• Environmental and Resource Economics Review
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• v.33 no.3
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• pp.203-239
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• 2024

The introduction of a regional differential electricity rate system is being discussed, and the LMP (Locational Marginal Price) method is mentioned as a promising alternative. Under this background, this study analyzed a mathematical model and suggests that the LMP method produces results that maximize social welfare. The analysis was conducted separately for long-term decision-making where transmission capacity can be expanded, and for short-term decision-making in which transmission capacity is given. The analysis for short-term decision-making was conducted for peak load situations where capacity is insufficient and for non-load situations with spare capacity. The results of the analysis suggested that the price to maximize social welfare is equal to the marginal power generation cost by region, and the difference in marginal cost by region reflects the value lost due to transmission loss and compensation for transmission network investment. In addition, if the transmission capacity is less than the optimal capacity, the compensation for transmission network investment exceeds the incremental cost, providing an incentive to invest in the transmission network. If the transmission capacity exceeds the optimal capacity, the compensation for transmission network investment becomes lower than incremental cost or zero and the investment is not recovered, suppressing the investment in transmission networks. The results are the same as the LMP method suggests, and this means that this method maximizes social welfare and provides an optimal transmission network investment signal. The above analysis results contribute to understanding the characteristics of LMP. In addition, this study discussed what changes are needed in the electricity market when introducing the LMP concept.

• Journal of Korea Multimedia Society
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• v.18 no.1
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• pp.25-34
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• 2015

Recently, in distribution market, demand for electronic shelf label system is increasing gradually to provide the accurate price immediately and detailed product information to consumers and reduce operation costs. Most of electronic shelf label system companies develop the full-graphic display device to display a wide variety of product information as well as the exact price. Our system had introduced Go-Back-N retransmission method in the early. However, we encountered performance problems that it delayed updating of the electronic shelf label system and exhausted the battery life time. Proposed adaptive image retransmission technique based on the selective scheme is that tags of electronic shelf label system recognize idle time of transmission cycle and require partial image retransmission to sever by itself. As a result, it can acquire much more opportunities of partial image retransmission within the same period and increase reception rate of full image for each tags. The experimental result shows that adaptive image retransmission technique's reception rate of full image for each tags is approximately 4% higher than existing previous works. And total battery life time increases 30 hours because tag reduce wake-up time as it receive only lost data instead of whole data.

• Food Science and Preservation
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• v.23 no.7
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• pp.1065-1073
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• 2016

This study investigated the sensory attributes and quality characteristics of Fuji apples based on market commodity price to provide data for quality index of Fuji apples. Samples were purchased from the Garak market (Seoul Agro-Fisheries & Food Corporation) and divided into four groups depending on the price such as group A, B, C, D. There were no significant differences in their volume and weight among groups. In the soluble solid content and total free sugar, A and B group (high price) showed higher content than those of C and D (low price) group. And also, the A group and B, C, D group showed 386.29 mg% and 320.09~359.28 mg% in the total organic acid content, respectively. As an sensory evaluation results, A group and B group were evaluated higher score than those of C and D group in the uniformity of red color and glossiness of skin and unique apple sensory attributes using quantitative descriptive analysis. Consumer test showed similar to quantitative descriptive analysis results in the various sensory attributes. In the analysis results between quality characteristics and sensory attributes of Fuji apples, total acceptability was correlated positively with titratable acidity (r=0.58), soluble solid (r=0.89), soluble solid content/titratable acidity ratio (r=0.42), total free sugar (r=0.36) and total organic acid (r=0.38). Based on principal component analysis of apple's quality characteristics, apples were primary separated along the first principal component (pH, acidity, soluble solid content, total free sugar, organic acid), which accounted for 66.01% of total variance. In addition, principal component analysis of sensory evaluation revealed a total variance for the quantitative descriptive of 55. 65% and a total variance for the consumer test of 55.84%.