• Title/Summary/Keyword: Cost of perfect information

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Optimal Bidding Strategy of Competitive Generators under Price Based Pool (PBP(Price Based Pool) 발전경쟁시장에서의 최적입찰전략수립)

  • Kang, Dong-Joo;Moon, Young-Hwan;Oh, Tae-Kyoo;Kim, Bal-Ho
    • Proceedings of the KIEE Conference
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    • 2001.11b
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    • pp.57-59
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    • 2001
  • The restructuring of power industry is still going on all over the world for last several decades. Many kinds of restructuring model has been studied, proposed, and applied. Among those models, power pool is more popular than others. This paper assumes the power pool market structure having competitive generation sector and a new method is presented to build bidding strategy in that market. The utilities participating in the market have the perfect information on their cost and price functions, but they don't know the strategy to be chosen by others. To define one's strategy as a vector, we make utility's cost/price function into discrete step function. An utility knows only his own strategy, so he estimates the other's strategy using stochastic methods. For considering these conditions, we introduce the Bayesian rules and noncooperative game theory concepts. Also additional assumptions are included for simplification of solving process. Each utility builds the strategy to maximize his own expected profit function using noncooperative Bayesian game. A numerical example is given in case study to show essential features of this approach.

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Design and Implementation of E-Mail System for Sea (해상용 전자메일 시스템의 설계 및 구현)

  • 윤희철;임채홍
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.6 no.8
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    • pp.1241-1250
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    • 2002
  • The communication between Ship and Land have bad communication environment and high cost comparing with land situation. In case of data communication for I-mail, the primary used speed is from 4800 bps to 9600bps. even this low speed user has difficulty to use data communication because of high cost. and this kind of data communication software is all imported from foreign country. In this paper we designed and implemented this communication server and client using Inmarsat A/B/miniM/M4/GAN(F77) by benchmarking of foreign product like Netverk, Marinet, Amosmail. the focus of this product is like next 1) communication cost down 2) Link between Ship Application and Land Office Application 3) Convenient of usage in Ship 4) perfect management of message to from ship.

Design And Optimization Of Actuator For Micro Optical Disk Drive Using Response Surface Methodology (반응표면법을 이용한 초소형 광디스크 드라이브 구동기의 최적화 및 디자인)

  • 우기석;이동주;박노철;박영필
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2003.05a
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    • pp.755-761
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    • 2003
  • Recently, the development of mobile devices demands information storage systems to use micro drive devices and cheap media. These should have several characteristics, for example, the subminiature of size, the robustness of shock, the minimum of cost and power consumption, and the removability of multiple applications. A conventional optical disk drive is more suitable for these specifications than the others. The optical storage system of the new generation to use a blue laser and a high numerical aperture (NA) is the perfect candidate for micro optical disk drives. In this paper, the micro actuator that can be applied to a micro optical disk drive is designed by response surface methodology to use a structural analysis and an electro-magnetic analysis. Based on above results, the coarse actuator and fine actuator are designed and improved from the point of view of the size and the power. Consequently, the designs of a micro actuator are proposed through these courses.

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Analyzing Information Value of Temperature Forecast for the Electricity Demand Forecasts (전력 수요 예측 관련 의사결정에 있어서 기온예보의 정보 가치 분석)

  • Han, Chang-Hee;Lee, Joong-Woo;Lee, Ki-Kwang
    • Korean Management Science Review
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    • v.26 no.1
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    • pp.77-91
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    • 2009
  • It is the most important sucess factor for the electricity generation industry to minimize operations cost of surplus electricity generation through accurate demand forecasts. Temperature forecast is a significant input variable, because power demand is mainly linked to the air temperature. This study estimates the information value of the temperature forecast by analyzing the relationship between electricity load and daily air temperature in Korea. Firstly, several characteristics was analyzed by using a population-weighted temperature index, which was transformed from the daily data of the maximum, minimum and mean temperature for the year of 2005 to 2007. A neural network-based load forecaster was derived on the basis of the temperature index. The neural network then was used to evaluate the performance of load forecasts for various types of temperature forecasts (i.e., persistence forecast and perfect forecast) as well as the actual forecast provided by KMA(Korea Meteorological Administration). Finally, the result of the sensitivity analysis indicates that a $0.1^{\circ}C$ improvement in forecast accuracy is worth about $11 million per year.

Design of traceable Electronic Cash System based on Feige-Fiat-Shamir blind digital signature (Feige-Fiat-Shamir 은닉전자서명에 기반한 추적 가능한 전자화폐 시스템의 설계)

  • 박왕석;박창섭
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.11 no.3
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    • pp.33-44
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    • 2001
  • E-commerce has various advantages such as saving the cost and no constraint on time and space, unlike real-world commerce. On the other hand, e-commerce has some important issues to solve since the commerce is conducted on the cyberspace. The issues are a mutual confidence of parties participating in the commerce as well as a method of payments. On early days, electronic cash was designed using blind digital signature to protect the personal information from being exposed and to provide the perfect anonymity for user. In this paper, a new blind signature scheme based on Feige-Fiat-Shamir digital signature is proposed, which is very efficient compared with the other schemes in terms of the computational complexity. Also, a traceable Electronic Cash System which is based on the proposed blind digital signature is designed, which has a nice feature of identifying the spender in case of using the money illegally.

A Network-Based Model for Estimating the Market Share of a High-Speed Rail System in the Korean NW-SE Corridor (네트워크 기반모델을 이용한 서울-부산간 고속철도 개통 후의 교통수단별 시장점유율 예측)

  • Gang-Len Chang
    • Proceedings of the KOR-KST Conference
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    • 2003.02a
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    • pp.127-150
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    • 2003
  • This research presents a novel application of static traffic assignment methods, but with a variable time value, for estimating the market share of a high-speed rail (HSR) in the NW-SE corridor of Korea which is currently served by the airline (AR), conventional rail (CR), and highway (HWY) modes. The proposed model employs the time-space network structure to capture the interrelations among all competing transportation modes, and to reflect their supply- and demand-sides constraints as well as interactions through properly formulated link-node structures. The embedded cost function for each network link offers the flexibility for incorporating all associated factors, such as travel time and fare, in the model computation, and enables the use of a distribution rather than a constant to represent the time-value variation among all transportation mode users. To realistically capture the tripmakers' value-of-time (VOT) along the target area, a novel method for VOT calibration has been developed with aggregate demand information and key system performance data from the target area. Under the assumption that intercity tripmakers often have nearly "perfect" travel information, one can solve the market share of each mode after operations of HSR for each O-D pair under the time-dependent demand with state-of-the-art traffic assignment. Aside from estimating new market share, this paper also investigated the impacts of HSR on other existing transportation modes.

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A Metaheuristic Approach Towards Enhancement of Network Lifetime in Wireless Sensor Networks

  • J. Samuel Manoharan
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.17 no.4
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    • pp.1276-1295
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    • 2023
  • Sensor networks are now an essential aspect of wireless communication, especially with the introduction of new gadgets and protocols. Their ability to be deployed anywhere, especially where human presence is undesirable, makes them perfect choices for remote observation and control. Despite their vast range of applications from home to hostile territory monitoring, limited battery power remains a limiting factor in their efficacy. To analyze and transmit data, it requires intelligent use of available battery power. Several studies have established effective routing algorithms based on clustering. However, choosing optimal cluster heads and similarity measures for clustering significantly increases computing time and cost. This work proposes and implements a simple two-phase technique of route creation and maintenance to ensure route reliability by employing nature-inspired ant colony optimization followed by the fuzzy decision engine (FDE). Benchmark methods such as PSO, ACO and GWO are compared with the proposed HRCM's performance. The objective has been focused towards establishing the superiority of proposed work amongst existing optimization methods in a standalone configuration. An average of 15% improvement in energy consumption followed by 12% improvement in latency reduction is observed in proposed hybrid model over standalone optimization methods.

Does Internet Increase the Market Efficiency? (인터넷이 시장의 효율성을 증가시키는가?)

  • Lee, Ho-Geun;Lee, Ran-Hui
    • Information Systems Review
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    • v.3 no.1
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    • pp.3-18
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    • 2001
  • The Internet is taking up every single life of us with a huge speed of growth. If the ideal market called 'perfect competition' in economics will ever come true in this digital world, the sellers won't be able to have monopolistic profits above the marginal cost any more, letting the resource allocation much more efficient. This paper attempts to test whether this theory is true in e-market as well through observing price differences between online and offline retailers of extremely homogeneous products, CDs. Since most results from previous research were supporting the inefficiency of e-market in price level, price adjustment, and especially price dispersion, this article designed the research methodology most carefully. The results of pervious works are partly due to the immaturity of the Internet market or due to the uniqueness of the American CD market, where oligopolistic market players are significantly dominant. The analysis of price data of 20 titles from 20 retailers for five weeks supports that online market is more efficient than offline market with statistical significance in all the three dimensions. We could conclude that the e-market is going much more efficient at least compared to the offline market and the more would it be unless the sellers resist and prevent comparison-shopping.

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A Study on the Frame Relay Dial-up Service for Remote Access to Enterprise Networks (기업망 원격접속을 위한 프레임 릴레이 다이얼-업 서비스 구현에 관한 연구)

  • Kim, Yonng-Chul;Joo, Gi-Ho
    • The Journal of Engineering Research
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    • v.3 no.1
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    • pp.139-146
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    • 1998
  • Frame relay is a high speed wide area network technology that is used to connect various networks. Combining the advantages of packet switching and circuit switching, frame relay offers high throughput and reliability that is perfect for a variety of today's business applications. In this study, we briefly characterize frame relay technology, survey standardization activities and investigate domestic frame relay market. We developed an experimental system for the dial-up service to access remotely an enterprise network using frame relay network, and tested the performance and cost effect of the experimental system.

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An Implementation of the Fault Detection System in the RFID Tag Manufacturing Automation (RFID 태그 생산 공정 자동화를 위한 부적합품 검출 시스템의 구현)

  • Jung, Min-Po;Cho, Hyuk-Gyu;Jung, Deok-Gil
    • Journal of the Korea Society of Computer and Information
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    • v.16 no.2
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    • pp.47-53
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    • 2011
  • The detection process of defective tags in most of Korean domestic RFID manufacturing companies is treated by on-hand processing after the job of chip bonding, so it has been requested to reduce the time and cost for manufacturing of RFID tags. Therefore, in this paper, we implement the system to perform the detection of defective tags after the process of chip bonding, and so provide the basis of software to establish the foundation of automation system for the detection of defected RFID tags which is requested in the related Korean domestic industrial field. We have developed the system by using UML in modeling phase and JAVA in implementation phase to reduce the cost of development of program and make it easy to maintain. The developed system in this paper shows the very enhanced performance in processing speed and perfect detection rate of defective tags, comparing to the method of on-hand processing.