• Title/Summary/Keyword: power option

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An Experimental Study on Internal and External Negotiation for Trade Agreements

  • Sung, Hankyoung
    • East Asian Economic Review
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    • v.21 no.2
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    • pp.103-121
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    • 2017
  • This paper experimentally studies the performance of negotiation considering individual and party, like a country, share of benefit over the best ones. It experiments two-stage bargaining games, internal and external negotiations. From the experimental results, this paper shows strong tendency to select fair allocation in the internal negotiations, but the tendency would be weaker with attractive outside option. In addition, the outside option may claim difference in individual benefit. From the regressions on individual performance in the negotiations, being a proposing party would matter to enhance the performance. However, relative individual performance within party fairness matters. Still attractive no-agreement options happen to break the tendency. As policy implication for trade negotiation, this paper warns that possible loss in individual benefit from not active participation to the external negotiations, no active role of proposer in case that players stick to internal allocations, and deviation of advantageous sector due to attractive outside options.

The Development Option for Korea Air Defense Identification Zone(KADIZ) (한국방공식별구역(KADIZ) 발전방안)

  • Kim, Dongsoo;Hong, Sungpyo;Chong, Mangseok
    • Journal of Aerospace System Engineering
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    • v.10 no.1
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    • pp.127-132
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    • 2016
  • Recently, China & Japan have expanded their responding ADIZ(Air Defence Identification Zone) to implement each Government's maritime policy and to project their Air Power in preparation for maritime provocation & contingency, especially over the piled area where East Asia countries have claimed to have maritime jurisdiction one another. So this is to guide the Development Option for Korea Air Defence Identification Zone to cope with the maritime intentions of the neighboring countries, considering the international law for ADIZ, the maritime policy and the maritime sovereign & jurisdiction area of the Republic of Korea, etc.

A Study on the Implementation of Distance Relaying Techniques using EMTP MODELS (EMTP MODELS를 사용한 거리계전기법 구현에 관한 연구)

  • Lee, Myong-Hee;Choi, Hae-Sul;Seo, Yong-Pil;Kim, Chul-Hwan
    • Proceedings of the KIEE Conference
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    • 1995.07b
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    • pp.634-636
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    • 1995
  • This paper presents a new distance relay modeling techniques which avoids unnecessary computational procedure. A general-purpose simulation language, called MODELS, has been added to the software ATP(Alternative Transients Program) providing a new option to perform numerical and logical manipulations of variables of an electrical system. This language has been designed to replace the previous option TACS (Transient Analysis of Control Systems) which permits to simulate a control system in conjunction with a large power network. One purpose of this study is to build a structure for modeling of digital distance relays within EMTP MODELS. Contrary to the traditional methods, the new method using MODELS reduce the number of simulation steps in modeling the distance relay.

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Korean Nuclear Reactor Strategy for the Early 21st Century -A Techno-Economic and Constraints Comparison- (21세기 차세대 한국형 원자로 전략 -기술경제 제약요인 비교-)

  • Lee, Byong-Whi;Shin, Young-Kyun
    • Nuclear Engineering and Technology
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    • v.23 no.1
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    • pp.20-29
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    • 1991
  • The system analysis for Korean nuclear power reactor option is made on the basis of reliability, cost minimization, finite uranium resource availability and nuclear engineering manpower supply constraints. The reference reactor scenarios are developed considering the future electricity demand, nuclear share, current nuclear power plant standardization program and manufacturing capacity. The levelized power generation cost, uranium requirement and nuclear engineering professionals demand are estimated for each reference reactor scenarios and nuclear fuel cycle options from the year 1990 up to the year 2030. Based on the outcomes of the analysis, uranium resource utilization, reliability and nuclear engineering manpower requirements are sensitive to the nuclear reactor strategy and associated fuel cycle whereas the system cost is not. APWR, CANDU longrightarrow FBR strategy is to be the best option for Korea. However, APWR, CANDU longrightarrow Passive Safe Reactor(PSR)longrightarrowFBR strategy should be also considered as a contingency for growing national concerns on nuclear safety and public acceptance deterioration in the future. FBR development and establishment of related fuel cycle should be started as soon as possible considering the uranium shortage anticipated between 2007 and 2032. It should be noted that the increasing use of nuclear energy to minimize the greenhouse effects in the early 21st century would accelerate the uranium resource depletion. The study also concludes that the current level of nuclear engineering professionals employment is not sufficient until 2010 for the establishment of nuclear infrastructure.

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MEAC Method for Analysis of Power System Stability Improving Effect Considering Run-up SPS Function of HVDC (MEAC를 적용한 HVDC Run-up SPS의 안정도향상 효과분석)

  • Lee, Jae-Gul;Song, Ji-Young;Jang, Gil-Soo
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.10
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    • pp.1454-1459
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    • 2017
  • In spite of continuous increase of electric power demand and new generation plants, it is very difficult to install new transmission line. Therefore, it comes to be difficult to operate the power system stable, so it is required to find another way to get new transmission capacity. Because HVDC transmission system installation is the one of the best option for us, we have undertake the HVDC project in mainland. Buckdangjin-Goduck HVDC project(500kV, 3GW) is currently under construction and Eastern Power HVDC project(500kV, 8GW) is under the study for technical specification. Both of them have the Run-up SPS function for taking action of 765kV Transmission line fault. The Run-up SPS function increases the active power output of the HVDC rapidly when the transmission line between the power plant and network is tripped, thereby preventing the generator from overspeed and improving the power system stability. In this paper, we propose MEAC(Modified Equal Area Criteria) method based on traditional EAC method to quantitatively evaluate the effect of the HVDC run-up SPS function on the power system stability improvement.

Power Quality of Wind/Diesel Hybrid Operation at an Micro Grid (마이크로 그리드에서의 풍력/디젤 복합발전 전력품질)

  • Kim, Seok-Woo;Ko, Seok-Whan;Jand, Moon-Seok
    • Journal of the Korean Solar Energy Society
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    • v.29 no.4
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    • pp.41-47
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    • 2009
  • Wind/diesel hybrid operation can be one of the most effective option for electrical power production at a remote area such as Antarctica. The king Sejong station at Antarctica relies its power production on diesel engines and diesel oil is supplied every other year by ships. However, the oil transportation processes are liable to potential oil spillage caused by the floating ice around the King George island. The long-term storage of the oil at the station can also contaminate the surrounding soils. A l0kW wind turbine has been installed to save oil consumption and operated in connection with the diesel generators since 2006. The diesel engine that operated poorly during the first year of installation was replaced in 2008 to enhance power production an recent measurements indicate that both diesel power quality and the wind turbine availability have been dramatically improved by the replacement. This report discusses electrical power qualities of wind/diesel hybrid system operating at an isolated micro gird located in the king Sejong station. Our experience reveals that the similar technologies can be applied to domestic islands, for example, in the south sea.

Design of HTS power cable with fault current limiting function

  • Kim, Dongmin;Kim, Sungkyu;Cho, Jeonwook;Kim, Seokho
    • Progress in Superconductivity and Cryogenics
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    • v.22 no.1
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    • pp.7-11
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    • 2020
  • As demand for electricity in urban areas increases, it is necessary to improve electric power stability by interconnecting neighboring substations and high temperature superconductor (HTS) power cables are considered as a promising option due to its large power capacity. However, the interconnection of substations reduces grid impedance and expected fault current is over 45 kA, which exceeds the capacity of a circuit breaker in Korean grid. To reduce the fault current below 45 kA, a HTS power cable having a fault current limiting (FCL) function is considered by as a feasible solution for the interconnection of substations. In this study, a FCL HTS power cable of 600 MVA/154 kV, transmission level class, is considered to reduce the fault current from 63 kA to less than 45 kA by generating an impedance over 1 Ωwhen the fault current is induced. For the thermal design of FCL HTS power cable, a parametric study is conducted to meet a required temperature limit and impedance by modifying the cable core from usual HTS power cables which are designed to bypass the fault current through cable former. The analysis results give a minimum cable length and an area of stainless steel former to suppress the temperature of cable below a design limit.

Real Options Analysis for the Investment of Floating Photovoltaic Project in Saemangeum (실물옵션을 활용한 새만금 수상태양광 투자사업의 수익성 분석)

  • Kim, Kyeongseok
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.1
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    • pp.90-97
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    • 2021
  • Saemangeum Development is the largest national project in South Korea, which has been developed for an agricultural, economic and tourist area for 30 years from 1987. In order to convert power sources that used to depend on nuclear and thermal power to eco-friendly for carbon reduction, the government plans to construct a 2.1GW floating photovoltaic project by investing 4.6 trillion won, as a public-private project. For success of the Saemangeum floating photovoltaic project, economic feasibility should be checked. This study defined the factors (construction cost, electricity selling price, power generation and maintenance cost) that give a effect to the volatility of the floating photovoltaic payoffs, and analyzed the volatility of payoffs during 20 years operation period. NPV and option value of the project were calculated by applying an option to abandon. According to NPV analysis, it is determined that projects are difficult to invest. But this project has economic feasibility through real options analysis. This study is expected to help decision-makers in the economic analysis of floating photovoltaic projects by using the real options analysis.

An Implementation of Real-time Measurement and Assessment System for Power Quality Characteristics of Grid Connected Wind Turbines (계통연계 풍력발전기의 전력품질 평가를 위한 IEC 61400-21 표준 실시간 계측 장치 구현)

  • Lee, Jong-Joo;Kim, Dong-Joon;Moon, Young-Hwan
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.9
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    • pp.1560-1565
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    • 2010
  • The renewable resource are getting more attentions with increased concerns on the depletion of fossil fuels and several environmental issues like emission problem. Wind power is a representative option among several renewable sources and the generation capacity using wind power is being increased. However, the wind generation is so volatile on its output characteristic, so it is required to assess the grid impact of wind power generation by measuring the fluctuation effect more precisely. This paper proposes the method for measuring the generation output according to IEC 61400-21(Measurement and assessment of power quality characteristics of grid connected wind turbines) to assess the power quality of wind turbine generation. In addition, it shows an application case to a small-scale wind power generator. In the case study, it suggests a structure design of the proposed measurement instrument both on hardware and software aspects, which is composed of a remote monitoring & data analysis program and an FPGA based real-time signal processing device.

Power Control and Dynamic Performance Analysis of a Grid-Interactive Wind/PV/BESS Hybrid System (계통연계형 풍력, 태양광 및 축전지 하이브리드 시스템의 출력제어 및 동특성 해석)

  • Kim, Seul-Ki;Jeon, Jin-Hong;Cho, Chang-Hee;Ahn, Jong-Bo
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.56 no.2
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    • pp.317-324
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    • 2007
  • Most conventional hybrid systems using renewable energy sources have been applied for stand-alone operation, but Utility-interface may be an useful and viable option for hybrid systems. Grid-connected operation may have benefits such as reduced losses in power system distribution, utility support in demand side management, and peak load shaving. This paper addresses power control and dynamic performance of a grid-connected PV/wind/BESS hybrid system. At all times the PV way and the wind turbine are individually controlled to generate the maximum energy from given weather conditions. The battery energy storage system (BESS) charges or discharges the battery depending on energy gap between grid invertger generation and production from the PV and wind system. The BESS should be also controlled without too frequently repeated shifts in operation mode, charging or discharging. The grid inverter regulates the generated power injection into the grid. Different control schemes of the grid inverter are presented for different operation modes, which include normal operation, power dispatching, and power smoothing. Simulation results demonstrate that the effectiveness of the proposed power control schemes for the grid-interactive hybrid system.