• New & Renewable Energy
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• v.7 no.2
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• pp.18-27
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• 2011

Management flexibility to adapt its future actions in response to altered future market conditions can expand the value of an investment opportunity by improving its upside potential without the change in the downside losses. Module manufacturers in solar industry continuously have to decide how much and when its production capacity should be expanded with regards to the demand in the global markets. Either over- or under-investment can cause sunk and/or opportunity costs to the module manufacturers. Option of exercising the additional investments only on favorable opportunities can increase total value of the investment. This paper analyzes the case which shows that the expansion of production capacity with more expandibility can have more value than the rigid plan of capacity expansion. The expansion option value is equivalent to KRW 38.286 billion, thus switching the negative NPV of the initial investment opportunity into the positive value. High volatility and the high growth in the cashflows as the major business features of the renewable energy provide condition where real options can play the crucial role in increasing the investment value as well as in determining the size and timing of capacity expansion in the course of capital budgeting process.

• Journal of Sensor Science and Technology
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• v.32 no.1
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• pp.39-43
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• 2023

Microscale thermophysical property measurements of liquids have been developed considering the increasing interest in the thermal management of cooling systems and energy storage/transportation systems. To accurately predict the heat transfer performance, information on the thermal conductivity, heat capacity, and density is required. However, a simultaneous analysis of the thermophysical properties of small-volume liquids has rarely been considered. Recently, we proposed a new methodology to simultaneously analyze the aforementioned three intrinsic properties using heater-integrated fluidic resonators (HFRs) in an atmospheric pressure environment comprising a microchannel, resistive heater/thermometer, and mechanical resonator. Typically, the thermal conductivity and volumetric heat capacity are measured based on a temperature response resulting from heating using a resistive thermometer, and the specific heat capacity can be obtained from the volumetric heat capacity by using a resonance densitometer. In this study, we analyze methods to improve the thermophysical property measurement performance using HFRs, focusing on the effect of the ambience around the sensor. The analytical method is validated using a numerical analysis, whose results agree well with preliminary experimental results. In a vacuum environment, the thermal conductivity measurement performance is enhanced, except for the thermal conductivity range of most gases, and the sensitivity of the specific heat capacity measurement is enhanced owing to an increase in the time constant.

• Journal of Korea Multimedia Society
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• v.10 no.12
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• pp.1632-1644
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• 2007

Wireless Mesh Networks aim to attain large connectivity with minimum performance degradation, as network size is increase. As such, scalability is one of the main characteristics of Wireless Mesh Networks that differentiates it from other wireless networks. This characteristic creates the need for bandwidth efficiency strategies to ensure that network performance does not degrade as the size of the network increase. Several researches have been done to realize mesh networks. However, the researches conducted were mostly focused on a per TCP/IP layer basis. Also, the studies on bandwidth efficiency and bandwidth improvement are usually dealt with as separate issues. This paper aims to simultaneously study bandwidth efficiency and improvement. Aside from optimizing the bandwidth given a fixed capacity, the capacity is also increased using results of physical layer studies. In this paper, the capacity is improved by using the concept of non-overlapping channels for wireless communication. A channel allocation scheme is conceptualized to choose the transmission channel that would optimize the network performance parameters with consideration of chosen Quality of Service (QoS) parameters. Network utility maximization is used to optimize the bandwidth after channel selection. Furthermore, a routing scheme is proposed using the results of the network utilization method and the channel allocation scheme to find the optimal path that would maximize the network gain.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.55 no.2
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• pp.62-66
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• 2006

We investigated the characteristics of the hybrid-type superconducting fault current limiter (SFCL) by the number of secondary windings. The SFCL consists of a transformer, which has a primary winding and several secondary windings with serially connected $YB_{a2}Cu_{3}O_{7}$ films. In order to increase the capacity. of the SFCL, the serial connection between each current limiting unit is necessary. Resistive-type SFCL has a difficulty in quenching simultaneously between the units due to slight differences of their critical current densities. The hybrid-type SFCL could achieve the simultaneous quenching through the electrical isolation and the mutual flux linkage among the units. We confirmed that the capacity of the SFCL could be increased effectively through the simultaneous quenching among the units. In addition, the power burden of the system could be reduced by adjusting the number of secondary windings. We will investigate the method to increase the capacity through serial and Parallel connections among current limiting units.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.57 no.3
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• pp.323-327
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• 2008

We investigated the quench characteristics of a flux-lock type superconducting fault current limiter (SFCL) depending on the methods of the serial and parallel connections between the superconducting elements. The flux-lock type SFCL consists of two coils. The primary coil is wound in parallel to the secondary coil through an iron core, and the secondary coil is connected to the superconducting elements in series and parallel. In this paper, the analyses of voltage, current, and resistance of the superconducting elements connected in serial and parallel were performed to increase the power capacity of the flux-lock type SFCL. A part of the superconducting elements was not quenched in $2{\times}2$ serial connection between the elements and then the power burden of the quenched elements was increased. However the elements with $2{\times}2$ parallel connection was all quenched. This means that the power burden of each superconducting element can be reduced under the same conditions. We found that $2{\times}2$ parallel connection was more profitable for the current limiting effects and the increase of the power capacity.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2003.05a
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• pp.247-251
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• 2003

In this paper, we propose an approximation of the M/G/1 system with finite workload capacity, where customers whose admission to the system would increase the workload beyond a prespecified finite capacity limit are not accepted. Our approximation method is based on the idea that the service time of a customer in the M/G/1 system can be approximated as the sum of service times of a batch of customers in the $M^{X}/d/1$ system where the service time is deterministic and very small. That is, the original service time is discretized and approximated by the batch size. We exemplified our method by obtaining the average workload of the M/M/1 system by means of the $M^{X}/d/1$ system, where the batch size is geometric. In addition, the approximate blocking probabilities of the M/M/1 and $M/E_{k}/1$ system with finite workload capacities are sought. The proposed method turns out to give a good approximation, which is compared with a simulation.

• Journal of the Korea institute for structural maintenance and inspection
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• v.11 no.6
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• pp.95-102
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• 2007

Recently, an improved capacity for RC bridges is required by their deterioration or necessary to carry traffic increase. Strengthening is known as a better way to improve capacity of bridges than reconstructing in terms of economy. The surface bonded method, which is normally used with FRP material, has some advantages related to conveninent application and time-save among other strengthening methods. FRP material is light and has high tensile strength compared to steel. Therefore, this paper presents how structural capacity strengthed with CFRP sheet and Glass fiber-Steel Plate (GSP) is improved.

• Proceedings of the Korean Geotechical Society Conference
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• 2009.03a
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• pp.210-221
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• 2009

A new foundation type which is called Top-Base method has been used frequently in engineering practices in Korea. In this study, the settlement behavior of concrete Top-Base foundation on soft ground is investigated since the consolidation settlement of the embedding depth and the effect of footing dimensions are not included in current Korean criterion (2007). To obtain detailed information, the model tests of the Top-Base foundation are performed using the PLAXIS 3D finite element analysis. It is shown that in-situ measurements and finite element analysis of the behavior of foundations indicate that consolidation settlement is reduced up and bearing capacity of the foundation increases up to 50%~100%, compared to the primary non-treated ground. Based on this study, it is found that the Top-Base foundation prevents the lateral deformation of soft ground and reduces its negative dilatancy to the surface settlement, and that the foundation creates rather uniform stress distribution under it to increase its bearing capacity. It is also found that the total settlement of Top-Base foundation was highly dependent on the consolidation settlement and footing configurations.

• 제어로봇시스템학회:학술대회논문집
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• 1997.10a
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• pp.500-503
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• 1997

In this paper, we investigate the control methodology of inverter Airconditioner, using the three dimensional vector scheme. The method of three dimensional vector aims at the determination of optimal switching patterns for PWM to reduce switching loss and to improve the performance supplied voltage. The induction motors are widely used for home Airconditioners. These motors can be classified into two types: on or off control of Airconditioner and the speed control of motor. For speed control of motors, generally PWM methods are used. The PWM method based upon the modulation of triangular wave can not afford to supply line voltage to the motor sufficiently because of the capacity of processing speed of micro processors. Therefore airconditioner can not be operated efficiently. This problem can be solved with the method of three dimensional vector since it can increase the supplied voltage and maximum operating frequency of motor to 173V and 96Hz, respectively. As the result, this method shows 10 - 15% increase of voltage and 10% increase of operating frequency over the modulation of triangular wave. According to a theoretical study, the number of switching in the method of three dimensional vector is smaller than that of the modulation of triangular wave. The power consumption can be reduced and the supplied voltage can be increased. In other words, the efficiency of Airconditioner can be improved. We show that the method of three dimensional vector can supply higher voltage than the modulation of triangular method through the experiments and verify the degree of improvement of efficiency theoretically.

• Journal of the Korean GEO-environmental Society
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• v.5 no.2
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• pp.51-62
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• 2004

Granular compaction piles have the load bearing capacity of the soft ground increase and have the settlement of foundation built on the reinforced soil reduce. The granular compaction group piles also have the consolidation of the soft ground accelerate and have the liquefaction caused by earthquake prevent using the granular materials such as sand, gravel, stone etc. However, this method is one of unuseful methods in Korea. The Granular compaction piles are constructed by grouping it with a raft system. The confining pressure at the center of bulging failure depth is a major variable in relation to estimate for the ultimate bearing capacity of the granular compaction piles. Therefore, a share of loading is determined considering the effect of load concentration ratio between the granular compaction piles and surrounding soils, and varies the magnitude of the confining pressure. In this study, method for the determination of the ultimate bearing capacity is proposed to apply a change of the horizontal pressure considering bulging failure depth, surcharge and loaded area. Also, the ultimate bearing capacity of the granular compaction piles is evaluated on the basis of previous study on the estimation of the ultimate bearing capacity and compared with the results obtained from laboratory scale model tests. And using the result from laboratory model tests, it is studied increase effect of the bearing capacity on the granular compaction piles and variance of coefficient of consolidation for the ground.