• Environmental and Resource Economics Review
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• v.16 no.4
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• pp.763-779
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• 2007

The combined heat-and-power (CHP) plant is recently suggested as an effective resolution in response to recent rising oil prices and the Kyoto Protocol. This research provides a model for economic appraisal to evaluate CHP investment. Real option model is developed to incorporate a case where the investment is irreversible and underlying revenue is stochastic. The analysis shows that power plant capacity more than 40 Gcal makes CHP investment profitable while the results may vary 10 modest level with respect to investment cost, heat sales price and discount rate.

• New & Renewable Energy
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• v.2 no.2 s.6
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• pp.108-117
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• 2006

This paper focus on power development options for remote islands. Recently, in accordance with progress in distributed generation technologies including renewable energy sources, many options are possible as power development option for island. At first we estimate generation cost by generation technology then recommend and suggest some countermeasures and implementation for institutional improvement.

• Journal of Korea Society of Industrial Information Systems
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• v.22 no.4
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• pp.65-77
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• 2017

We Investigated the Two Additional Effects Regarding the Causal Relationship between the Perceived Risks of cloud Services on the Intention to use the Abandonment Option. First, we Empirically Tested the Moderation Effect of IS Maturity on the Causal Relationship between these Two Variables. Second, we also Investigated the Mediation Effect of Cloud Service Satisfaction on the same Causal Relationship. We could find the Moderation and Mediation Effect only on the Influence of Relational Risk (Which Occurs from the Power Abuse of Cloud Service Providers) on the Intention to sue the Abandonment Option. So, we have better Understanding when and how the Abandonment Option is Attractive in Reducing the Potential Influence of the Relational Risk in using the Cloud Services.

• Environmental and Resource Economics Review
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• v.29 no.1
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• pp.91-111
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• 2020

While the renewable energy portfolio standard (RPS) is in place to expand the scale of renewable energy generation, the power producer can obtain the renewable energy credit (REC) and use it as an incentive to operate the facility. RECs secured by solar power generation can be traded through spot market or fixed price contracts, and, in the spot market trading, power producers are exposed to the uncertainty of REC spot price. In this study, real option analysis is conducted to analyze the optimal threshold of REC spot price for the conversion of REC trading method by power producer considering the uncertainty of REC spot price. We calculated the optimal threshold of REC spot price that can convert the trading method of REC from spot market to fixed price contract. In conclusion, the spot market trading is a rational trading method when considering the uncertainty of REC price, but the fixed price bidding is a rational trading method when not considering the uncertainty of REC price.

• Journal of the Microelectronics and Packaging Society
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• v.20 no.4
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• pp.41-45
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• 2013

Modern electronic devices such as tablets and smartphones are getting more powerful and efficient. The demand in feature sets, functionality and usability increase exponentially and this has posed a great challenge to the design of a power distribution network (PDN). Power rails merging is a popular option used today in a PDN design as numerous power rails are no longer feasible due to form factor limitation and cost constraint. In this paper, the criteria and limitations for power rails merging are discussed. Despite having all the advantages such as pin count reduction, decoupling capacitors sharing, lower impedance and cost saving, power rails merging can however, introduce coupling noise to the system. In view of this, a PDN design with power rails merging that fulfills design recommendations and specifications such as noise target, power well placement, voltage supply values as well as power supply quadrant assignment is extremely important.

• Journal of Korean Society of Water and Wastewater
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• v.24 no.1
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• pp.63-72
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• 2010

This study aims to make a decision about the rational option for a multipurpose dams development of the Tumen river basin so that the adjoining countries will effectively deal with the chronic problems and fully satisfy the fast growing demand of water and power. It has been thus far investigated that the interests between North Korea and China closely depend on the selected option, and they are not well compatible with each other. These situations are defined in terms of the cooperative two-person nonzero-sum game. The Nash bargaining model is then applied to contemplate the rational option, considering two scenarios of economic growth of the North Korea. After analyzing the model, it was expected that 1) two multipurpose dams must be cooperatively developed, and 2) their benefits should be allocated according to demand of each country. The authors finally suggest that a cooperative organisation be established to effectively manage the dams beyond the border of the countries.

• Journal of Korea Society of Digital Industry and Information Management
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• v.18 no.1
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• pp.11-24
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• 2022

Open Radio Access Network (O-RAN) standard has been proposed to separate the baseband signal processing unit from the Radio Frequency (RF) unit at base station system mainly for reducing the cost of base station systems through open-source interfaces between the two units. To satisfy the performance metrics in various scenarios, several fronthaul functional split options were presented by O-RAN. Amongst these options, the split option 7-2x is widely adopted in practical applications due to its excellent trade-off between the required bandwidth and RU overhead. In this paper, we present a hardware implementation of a base station system that is compliant with the Category B of O-RAN split option 7-2x. It consists of O-DU and O-RU implemented with a commercial off-the-shelf Digital Signal Processor and RF transceiver, respectively. The performance of the proposed base station system is evaluated in terms of Bit Error Rate and received signal power as well as the required fronthaul bandwidth. Through various experimental tests, we have observed that the proposed system reduces the fronthaul bandwidth nearly by 89.7% compared to the conventional system that dose not employ the O-RAN standard.

• Management & Information Systems Review
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• v.28 no.1
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• pp.71-97
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• 2009

In this study, I compare the ability of alternative accounting method for employee stock option to reflect firm value using the Ohlson's(1995) valuation model for 200 firms. The each methods, I compare are employee stock option expense recognition based on the K-GAAP disclosures, and asset recognition at the grant date based on the SFAS No. 123 Exposure Draft: Accounting for stock-based compensation. The model include: (1) a model that uses reported earnings, equity book value, and compensation expense based on the K-GAAP disclosures; (2) a model that uses pro-forma earnings, equity book value and adds a measure of the unrecognized asset arising form granting of employee stock options. Finding form estimating equations that the K-GAAP method for calculating compensation has no explanatory power, and the SFAS No.123 Draft Exposure method for arising asset and fair value compensation better captures than market's perception of the economic impact of stock options on firm values. However, the correlation of employee stock option compensation expense is positive. These results suggest that incentive benefits derived from employee stock option plans outweigh the cost associated with plan. In addition, I couldn't find evidence that company in KOSDAQ that have high growth potential benefit more from employee stock option plan compared to lager, more mature firm in SEC.

• Nuclear Engineering and Technology
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• v.48 no.6
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• pp.1349-1359
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• 2016

Alternative control schemes for an Advanced High Temperature Reactor system consisting of a reactor, an intermediate heat exchanger, and a secondary heat exchanger (SHX) are presented in this paper. One scheme is designed to control the cold outlet temperature of the SHX ($T_{co}$) and the hot outlet temperature of the intermediate heat exchanger ($T_{ho2}$) by manipulating the hot-side flow rates of the heat exchangers ($F_h/F_{h2}$) responding to the flow rate and temperature disturbances. The flow rate disturbances typically require a larger manipulation of the flow rates than temperature disturbances. An alternate strategy examines the control of the cold outlet temperature of the SHX ($T_{co}$) only, since this temperature provides the driving force for energy production in the power conversion unit or the process application. The control can be achieved by three options: (1) flow rate manipulation; (2) reactor power manipulation; or (3) a combination of the two. The first option has a quicker response but requires a large flow rate change. The second option is the slowest but does not involve any change in the flow rates of streams. The third option appears preferable as it has an intermediate response time and requires only a minimal flow rate change.

• Proceedings of the KIEE Conference
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• 1997.07f
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• pp.1939-1941
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• 1997

In this paper, we simulated the performance of the Cheaju island and developed the hybrid power system based on a least component size design option. This paper performed simulation of economic relation of battery and diesel generation in hybrid power system component.