• Journal of Electrical Engineering and Technology
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• v.1 no.1
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• pp.1-7
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• 2006

In an electricity market, the spot market is normally integrated with a forward or future market. The advantage of the forward market is to allow the market participants to deal in a part or the whole trading portfolio at a fix price in advance and to avoid risk associated to the uncertain price of the spot market. Japan has introduced a continuous auction base forward market from April 2005. This paper analyzes the Japanese forward market rules and operations, and introduces a new algorithm that may improve the efficiency of the market itself. The proposed algorithm enables us to give consideration to the specific characteristics of the power system and to integrate them in the auction mechanism. The benefits of the proposed algorithm are verified on an electronic simulation platform and the results described in this paper.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.7
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• pp.1115-1120
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• 2016

This paper presents the daily load forecasting for special days considering the rate of operation of industrial consumers. The authors analyzed the power consumption pattern for both the special and ordinary days according to the contract power classification of industrial consumers, and selected 400~600 specific consumers for which the rates of operation during special days are needed. Load forecasting for 2014 special days considering the rate of operation of industrial consumers showed a noticeable improvement on forecasting error of daily peak demand, which proved the effectiveness of the survey for the rates of operation during special days of industrial consumers.

• Explosives and Blasting
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• v.31 no.1
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• pp.55-63
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• 2013

With increasing needs in power, Singapore is requiring stronger power transmission. Singapore Transmission Cable Tunnel is underground tunnel for transmission system installation such as 400 kV cable. This Transmission Cable Tunnel is 35 km long in total. The North-South Transmission Cable Tunnel is 18.5 km long and there is a total of three (3) contracts; NS1, NS2 and NS3 in respect of the design and construction. The East-West Transmission Cable Tunnel is 16.5 km long, and also there is a total of three (3) contracts; EW1, EW2 and EW3. Among of them, SK E&C has been awarded and operating contract EW2 and NS2. In scope of works, each contract has 3 to 4 shafts which connect aboveground and underground high volt cable and those shafts are used as TBM launching shafts during construction. Transmission Cable Tunnel is undercrossing middle of Singapore and most of shafts are located in urban area. Thus, optimal blasting design satisfying high blasting efficiency as well as blasting vibration limit of Singapore is highly required. Blasting design for large shaft of Singapore Transmission Cable Tunnel follows blasting vibration limits in Singapore and reflects our blasting engineering skills. With Singapore Transmission Cable Tunnel Contract EW2, it is expected that our excellent blasting engineering and performance skills can be delivered to the world.

• Journal of Electrical Engineering and Technology
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• v.12 no.5
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• pp.1789-1797
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• 2017

It is necessary to charge electric vehicles in order to drive them. Thus, it is essential to have electric vehicle charging facilities in place. In the case of a household battery charger, the power similar to that consumed by a household with a basic contract power of 3kW is consumed. In addition, many consumers who own an electric vehicle will charge their vehicles at the same time. The simultaneous charging of electric vehicles will cause the load to increase, which then will lead to the imbalance of supply and demand in the distribution system. Thus, a smart charging scheme for electric vehicles is an essential element. In this paper, simulated conditions were set up using real data relating to Korea in order to design a smart charging technique suitable for the actual situation. The simulated conditions were used to present a smart charging technique for electric vehicles that disperses electric vehicles being charged simultaneously. The EVs and Smart Charging Technique are modeled using the Electro Magnetic Transients Program (EMTP).

• Asia-Pacific Journal of Business
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• v.13 no.2
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• pp.139-154
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• 2022

Purpose - This study aims to analyzing of solar power generation cost-benefit. Design/methodology/approach - We analyzed whether there is economic feasibility by selecting parking lots and idle sites located in four areas of Seoul, Gyeonggi, Chungcheong, Jeolla, and Gyeongsang areas nationwide, and analyzing site conditions and installation capacity. Findings - According to the results of the analysis, it was found that there is low profitability in Seoul, Gyeonggi and Chungcheong regions, where the solar radiation was not excellent even if REC is selected through the contract market. However, it is necessary to analyzed the economical validity the profitable validity including environmental benefits (greenhouse gas reduction, NOx, SOx reduction effect) and social benefits (renewable power supply) that is analyzed by income and operating costs which is occurred from electricity sales and REC sales when installing solar power generation facilities. Research implications or Originality - In this study, economic feasibility was evaluated additionally in consideration of environmental and social benefits. In conclusion, it was shown that businesses are not economical when considering only simple financial aspects are also sufficiently economical when it is considering environmental and social benefits.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.69
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• pp.261-301
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• 2016

Recently the abusive calls on on-demand bonds have been a critical issue among many engineering and construction companies in Korea. On-demand bond is referred to as an independent guarantee in the sense that the guarantee is independent from its underlying contract although it was issued based on such underlying contract. For this reason, the issuing bank is not required to and/or entitled to look into whether there really is a breach of underlying contract in relation to the call on demand-bonds. Due to this kind of principle of independence, the applicant has to run the risk of the on demand bond being called by the beneficiary without due grounds. Only where the call proves to be fraudulent or abusive in a very clear way, the issuing bank would not be obligated to pay the bond proceeds for the call on on-demand bonds. In order to prevent the issuing bank from paying the proceeds under the on-demand bond, the applicant usually files with its competent court an application for injunction prohibiting the beneficiary from calling against the issuing bank. However, it is in practice difficult for the applicant to prove the beneficiary's call on the bond to be fraudulent since the courts in almost all the jurisdictions of advanced countries require very strict and objective evidences such as the documents which were signed by the owner (beneficiary) or any other third party like the engineer. There is another way of preventing the beneficiary from calling on the bond, which is often utilized especially in the United Kingdom or Western European countries such as Germany. Based upon the underlying contract, the contractor which is at the same time the applicant of on-demand bond requests the court to order the owner (the beneficiary) not to call on the bond. In this case, there apparently seems to be no reason why the court should apply the strict fraud rule to determine whether to grant an injunction in that the underlying legal relationship was created based on a construction contract rather than a bond. However, in most jurisdictions except for United Kingdom and Singapore, the court also applies the strict fraud rule on the ground that the parties promised to make the on-demand bond issued under the construction contract. This kind of injunction is highly unlikely to be utilized on the international level because it is very difficult in normal situations to establish the international jurisdiction towards the beneficiary which will be usually located outside the jurisdiction of the relevant court. This kind of injunction ordering the owner not to call on the bond can be rendered by the arbitrator as well even though the arbitrator has no coercive power for the owner to follow it. Normally there would be no arbitral tribunal existing at the time of the bond being called. In this case, the emergency arbitrator which most of the international arbitration rules such as ICC, LCIA and SIAC, etc. adopt can be utilized. Finally, the contractor can block the issuing bank from paying the bond proceeds by way of a provisional attachment in case where it also has rights to claim some unpaid interim payments or damages. This is the preservative measure under civil law system, which the lawyers from common law system are not familiar with. As explained in this article, it is very difficult to block the issuing bank from paying in response to the bond call by the beneficiary even if the call has no valid ground under the underlying construction contract. Therefore, it is necessary for the applicants who are normally engineering and construction companies to be prudent to make on-demand bonds issued. They need to take into account the creditability of the project owner as well as trustworthiness of the judiciary system of the country where the owner is domiciled.

• Culinary science and hospitality research
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• v.17 no.2
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• pp.51-73
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• 2011

Companies are required to invest in numerous intial marketing costs for establishing brand power, thus, many companies in the foodservice industry are increasing their budgets on communication to strengthen their own brand equity components such as brand recognition, brand royalty, perceived quality and associated image using mass media that has not been used before. For this study, 617 samples were analyzed by such analytic methods as a frequency analysis, cross-tabulation, a factor analysis and a reliability analysis for validity, and a confirmatory factory analysis, a model adequacy evaluation, and a path analysis using AMOS 17.0. The hypothesis verification by the AMOS analysis has revealed that all hypotheses positively influenced contract foodservice brands, and the brand recognition of a university contract foodservice company has an impact on sincerity and refinement. Therefore, positive brand image formation encourages strong brand establishment between a university contract foodservice business and customers, and this study strongly suggests continuous further studies about constructing a positive brand image.

• Informatization Policy
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• v.31 no.1
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• pp.53-71
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• 2024

Digital transformation calls for a new social contract that must transform the existing norms and paradigms of our society. Digital constitutionalism is a way of building new order through a new social contract and is an ideology that aims to establish and ensure a normative framework for the protection of fundamental rights and balance of power in the digital environment. The Internet/Digital Bill of Rights is a representative example of constitutionalization based on this ideology. Initially, it took the form of an informal, non-binding declaration led by civil society organizations or various stakeholders, setting forth normative principles adapted to the changing nature of digital society. More recently, they have taken the form of formal charters, declarations, or laws containing principles at the national or regional level. The "Digital Bill of Rights" proposed by the Korean government can be seen as an example of this trend, but it does not fully reflect the recent trend of Internet/Digital Bills of Rights in terms of substantive and procedural legitimacy. Even if the government provides a certain normative direction, it needs to be combined with a concrete action plan in each area to create a balance of norms with digital technologies and industries instead of simply being a "declaration".

• Journal of Electrical Engineering and Technology
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• v.9 no.2
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• pp.433-440
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• 2014

In this study, a method for the low-carbon active distribution system (ADS) planning is proposed. It takes into account the impacts of both network capacity and demand correlation to the renewable energy accommodation, and incorporates demand response (DR) as an available resource in the ADS planning. The problem is formulated as a mixed integer nonlinear programming model, whereby the optimal allocation of renewable energy sources and the design of DR contract (i.e. payment incentives and default penalties) are determined simultaneously, in order to achieve the minimization of total cost and $CO_2$ emissions subjected to the system constraints. The uncertainties that involved are also considered by using the scenario synthesis method with the improved Taguchi's orthogonal array testing for reducing information redundancy. A novel cuckoo search (CS) is applied for the planning optimization. The case study results confirm the effectiveness and superiority of the proposed method.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.3
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• pp.21-29
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• 2018

The cooperative relationship between Employer and Contractor in the construction industry is the most important factor to achieve the project success. Employer shall draw the Contractor's cooperative behavior during executing the project. A study on the impact of the Owner's power on the contractor's cooperative behavior is rare in the construction industry in Korea even though the negative impact of the high-power distance between the Employer and the Contractor has been a hot issue in Korea. In this empirical study, it is shown that the Employer's power can address the contractor's cooperative behavior. The respondents were mostly employees in the domestic construction companies who have experienced in the construction projects. The total number of respondents was 317 effectively. The multiple regression analysis using SPSS 21.0 were conducted to verify the hypotheses. In conclusion, the Mediated Power is positively associated with the In-Role Behavior and with the Extra-Role Behavior. Some of Non-Mediated Power is positively associated with the In-Role Behavior and with the Extra-Role Behavior. It seems that the Contract underestimate the Employer's Expert Power. It was known that the cooperative power caused by Non-Mediated Power is good for long term relationship of the business to business transaction. So it is highly recommended that the Employer shall foster its expertise.