• Proceedings of the KIEE Conference
• /
• summer
• /
• pp.707-709
• /
• 2004

Transmission pricing is one of important issues related to competitive electricity markets since rational pricing scheme ensures a fair competition between the market participants. Any application of marginal pricing method to transmission pricing may accompany revenue reconciliation to recover Transco's revenue requirements. This paper presents an alternative methodology on revenue reconciliation with customer benefit function and power flow.

• Proceedings of the KIEE Conference
• /
• 2002.07a
• /
• pp.435-437
• /
• 2002

This Paper presents the technical perspective on the Real Time Pricing(RTP). So far customer has no control on the electricity pricing. But the price hike in California makes changes in the electricity demand and pricing. In such environments. RTP has become an important role in Demand Side Management. Here the system configuration, advantages of RTP are described. Also the relationship between RTP and AMR is considered.

• Proceedings of the KSR Conference
• /
• 2005.05a
• /
• pp.930-935
• /
• 2005

This study tried to suggest a new direction of rail freight pricing in Korea. Determinant factors of rail freight fare are collected and pricing principles are introduced. Marginal social costs are to be fare of rail freight in theory and those costs should be estimated in the near future. From the market pricing of North American rail freight carriers we can find a direction of future pricing and from the EU efforts to estimate social marginal costs we can also find research agenda.

• Journal of Electrical Engineering and Technology
• /
• v.8 no.1
• /
• pp.40-45
• /
• 2013

It is known that Reliability Differentiated Pricing (RDP) can improve the efficiency and benefits of consumers and producers. This paper examines the long-run social welfare maximization problem of the utility and presents a long-term reliability differentiated prices for firm capacity, based on customer outage costs. Then the applicability of the proposed pricing scheme is verified with a case study.

• Journal of Families and Better Life
• /
• v.19 no.6
• /
• pp.19-33
• /
• 2001

This study was performed to make suggestions for improving consumer welfare in public utility pricing. The consumer related issues in the process of public utility pricing and the consumers' burden on expenditures for public utility were reviewed. Due to the large proportions of the expenditures for public utility to total consumption expenditures, the poor and the younger consumers had more disadvantages in rising consumer price on public utility than the rich and the older. Finally, four kinds of alternatives were suggested to solve the consumer problems in public utility pricing.

• Journal of Energy Engineering
• /
• v.8 no.4
• /
• pp.505-511
• /
• 1999

One of the major challenges confronting a multiservice electric utility is the establishment of the right prices, for its services. The key objectives of particular pricing schemes are reasonableness of company earnings. Economic efficiency, the responsiveness of supply and of the allocation of sources to the desires of consumers, and maintenance of some degree of competition. This paper proposes a value-based pricing mechanism amenable to the current deregulation situation in electricity market allowing service differentiation. The proposed pricing mechanism can be implemented ina nodal auction model, and can also be applied to direct load control.

• The Journal of the Korea Contents Association
• /
• v.16 no.7
• /
• pp.146-153
• /
• 2016

This work studies the equilibrium behavior of customers and optimal pricing strategies of the sever in a continuous-time M/M/1 queueing system. In this work, we consider two pricing models. The first one is called the ex-ante payment scheme where the server charges a flat price for all services, and the second one is called the ex-post payment scheme where the server charges a price that is proportional to the time a customer spends in the system. In each pricing model, the departing customer receives the reward that is inversely proportional to his/her sojourn time. The server should make the optimal pricing decisions in order to maximize its expected profit per unit time in each payment scheme. This work also investigates customer's equilibrium joining or balking behaviors under server's optimal pricing strategies. Numerical experiments are conducted to help the server best select one between two pricing models.

• Korean Journal of Mathematics
• /
• v.20 no.1
• /
• pp.47-60
• /
• 2012

We deal some analytic calculations for European option pricing by using the theory of elementary solution of generalized diffusion equation mainly.

• Proceedings of the CALSEC Conference
• /
• 2004.02a
• /
• pp.112-116
• /
• 2004

· Dynamic Pricing vs. Fixed Pricing Auctions make both buyers and sellers engage in the price discovery process, Auctions of various kinds will replace the fixed pricing model that now pervades much of the web(pmitted)

• Journal of the Korean Operations Research and Management Science Society
• /
• v.31 no.3
• /
• pp.97-105
• /
• 2006

Brand Pricing is the most important issue for the brand manager in the dynamic market. in the typical dynamic pricing model, a linear function has been used based on the assumption that the non-Price Influences and the price influences were independent. However, to incorporate the characteristics of the dynamic market, it is natural to consider the multiplicative relationship. We are going to try the multiplicative linkage between the non-price Influences and the price influences and suggest a new dynamic pricing model with e multiplicative functional form. An empirical study of 19 brands in the Korean cigarette market shows the feasibility of the suggested model.