• Title/Summary/Keyword: Demand Resource Market

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A Critique of Designing Resource Adequacy Markets to Meet Loss of Load Probability Criterion

  • Yoon, Yong T.;Felder, Frank A.
    • KIEE International Transactions on Power Engineering
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    • v.3A no.1
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    • pp.35-41
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    • 2003
  • To ensure resource adequacy in restructured electricity markets, policymakers have adopted installed capacity (ICAP) markets in some regions of the United States. These markets ensure that adequate generation exists to satisfy regional Loss of Load Probability(LOLP) criterion. Since the incentives created through ICAP mechanisms directly impact new generation and transmission investment decisions we examine one important factor that links ICAP markets with LOLP calculations;, determining the amount of ICAP credit assigned to particular generation units. First, we review and critique the literature on electric power systems' market failure resulting from demand exceeding supply. We then summarize the method of computing (the LOLP) as a means of assessing reliability and relate this method to ICAP markets. We find that only the expected value of available generation is used In current ICAP markets while ignoring the second and higher order moments, which tends to mis-state the ICAP value of a specific resource. We then consider a proposal whose purpose is to avoid this ICAP assignment issue by switching from ICAP obligations to options. We find that such a proposal may fail to not provide the benefits claimed and suffers from several practical difficulties. Finally, we conclude with some policy recommendations and areas for future research.

The Study on Imbalance for Labor Supply and Demand in Electrical Construction Business : Simulating the Supply and Demand Gap of Technical Engineer (전기공사업 노동시장의 인력수급 불균형에 관한 연구: 기술·기능인력의 수급격차에 대한 시뮬레이션)

  • Park, Houng-Hee
    • Korean System Dynamics Review
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    • v.14 no.3
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    • pp.105-134
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    • 2013
  • Electrical construction business has public and professional characters. It may require appropriate interventions of the government because these business activities stand for not only profit-seeking competition, but also supplies of one of the key functions in our society. In other words, public benefit and private benefit are still in existence. The government therefore considers such an aspect of public importance of the business sector and needs to plan to adjust technical and engineering manpower of this market. This study focuses on the imbalance for labor supply and demand of technical engineer in electrical construction business. A system dynamics analysis is applied to understand and simulate the imbalance as a soft approach. It has the merit of causal loop diagram to alleviate the limitation of data lack problem. We find that excess demand is expected from 2010 to 2011, and excess supply is predicted from 2012 to 2021 about the manpower of technical engineer. It shows considerable disagreement between the supply and demand of human resource. So we suggest that it is strong necessity to construct statistics infrastructure for a manpower supply and demand plan.

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Current status of global dairy goat production: an overview

  • Miller, Beth A.;Lu, Christopher D.
    • Asian-Australasian Journal of Animal Sciences
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    • v.32 no.8_spc
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    • pp.1219-1232
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    • 2019
  • The global goat population continues to grow and is now over one billion. The number of goats raised primarily for milk production is also growing, due to expanding demand. Most of the world dairy goat production and consumption is in Asia, but a global view of the dairy goat sector reveals important lessons about building successful modern dairy goat industries. The most organized market for goat milk is found in Europe, especially in France. The European goat sector is specialized for milk production, mostly for industrial cheesemaking, while also supporting traditional on-farm manufacturing. Government involvement is significant in sanitary regulation, research, extension, support for local producer organizations, and markets, and ensures safety and quality. Nonetheless, producers are still vulnerable to market fluctuations. New dairy goat industries are developing in countries without a long goat milk tradition, such as China, the United States, and New Zealand, due to rising consumer demand, strong prices, and climate change. The mix of policies, management and markets varies widely, but regardless of the country, the dairy goat sector thrives when producers have access to markets, and the tools and skills to sustainably manage their livestock and natural resources. These are most readily achieved through strong and inclusive producer organizations, access to technical services, and policies that enable the poor and marginalized groups to benefit from increasing demand.

Modelling Study on Sustainable Resources Management System Using Material Flow Analysis(MFA) in Korea (물질흐름분석을 이용한 국내 지속가능한 자원관리 시스템 모형 연구)

  • Kim, Yu-Jeong;Kim, Seong-Yong;Heo, Eun-Nyeong
    • Economic and Environmental Geology
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    • v.41 no.2
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    • pp.253-265
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    • 2008
  • Sustainable resource management(SRM) is regarded as the core strategy to achieve Dematerialisation and Decoupling of economic growth from the use of natural resources and environmental degradation. This paper presents status SRM policy and research in worldwide, and analyzes decoupling of economic activity from energy consumption of domestic manufacturing, using decoupling factor. Also This paper suggests methodologies and strategies of SRM in Korea. SRM is established through various analysis and survey as following; forecasting of resource demand, material flow analysis and value chain analysis, resource market structure analysis. Through these analysis, we can obtain hot-spot and solution of environmental burden, recycling market management, recycling technology and best-optimal supply rate of primary and secondary resource. In Korea, resource management system must be linked with national and regional material flow analysis, and it is necessary to make SRM-law of national dimension for effective run of sustainable resource management system.

A Study on Price Discovery and Interactions Among Natural Gas Spot Markets in North America (북미 천연가스 현물시장간의 가격발견과 동태적 상호의존성에 대한 연구)

  • Park, Haesun
    • Environmental and Resource Economics Review
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    • v.15 no.5
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    • pp.799-826
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    • 2006
  • Combining recent advances in causal flows with time series analysis, relationships among eight North American natural gas spot market prices are examined. Results indicate that price discovery tends to occur in excess demand regions and move to excess supply regions. Across North America, the U.S. Midwest region represented by Chicago spot market is the most important market for price discovery. The Ellisburg-Leidy Hub in Pennsylvania is important in price discovery, especially for markets in the eastern two-thirds of the U.S. Malin Hub in Oregon is important for the western markets including the AECO Hub in Alberta, Canada.

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Russian Mineral Market Flow and Economic Direction for Securing Stable Resources (안정적 자원 확보를 위한 러시아 광물 시장 흐름 및 경제방향)

  • Eom, Nu Si A;Noh, Su;Haq, Muhammad Aneeq;Lee, Bin;Lim, Kyoung Mook;Kim, Bum Sung
    • Journal of Powder Materials
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    • v.26 no.4
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    • pp.345-349
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    • 2019
  • With increasing demand for resources worldwide, Korea has been negotiating with resource-holding countries to achieve conservation of energy resources. Among them, Russia is the third largest resource-producing and exporting nation in the world and has several resource materials such as nickel, platinum group metals, gold, and other reserves. As a result, there is growing interest in cooperation between Korea and Russia. The aim of this article is to summarize the current status of market flow of Russian energy resources as well as Russia's economic cooperation with Korea. Notably, South Korea needs to focus on investing in overseas mines for a stable supply of rare metals. Nevertheless, securing rare metals is a major task by understanding the flow and policy direction of Russian material mines.

An analyze of oversea desalination plant order result (해외 해수담수화플랜트 수주현황 분석 및 연구)

  • Sohn, Jinsik;Yang, Jeongseok;Lee, Sunjae;Jang, Jinkoo;Lim, Jaehan;Kim, Dongha
    • Journal of Korean Society of Water and Wastewater
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    • v.22 no.3
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    • pp.337-342
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    • 2008
  • A population growth and industry advances are increasing the demand for water while improving the quality of life. By turning seawater into freshwater it is an alternative for the water shortage problem. The study analyzes the orders and makes suggestions on the outlook of an enterprise that can supply desalination plants both inside and outside the country. It compares the production capacity of enterprises in the desalination industry who deal with the thermal and RO methods. We compare 7 enterprises in the thermal method which includes Doosan Heavy Industries, and the top 10 enterprises in the RO method which includes General Electric Corp. Now that the markets in the Middle East have opened and markets in other regions are gradually growing, demand for water will grow especially in developing countries that are in the process of industrialization. Also, the market share of thermal method desalination has been falling, gradually, because too much energy is spent during the process. On the other hand, the market share of the RO method will rise from 37% in 2005 to 57% in 2015. Recently, the desalination market shows that changing from thermal method to RO method is the trend in the Middle East. Growth and demand in other regions are growing at the same pace as the Middle East. Due to this trend, if the RO system, which is highly effective and uses less energy, were to be continuously developed it would be possible to supply water using sea water and would be a viable alternative water resource.

Forecasting Strategy for Hydropower Power Market Price by Power Demand Analysis and Forecast (전력수요 분석과 예측을 통한 수력발전 전력거래가격 전망 전략)

  • Kim, Gie-Tae;Lee, Gyeong-Bae;Choi, In-Seok;Kim, Jong-Gyeum
    • Proceedings of the KIEE Conference
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    • 2011.07a
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    • pp.656-657
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    • 2011
  • 산업사회의 급속한 발전과 생활수준 향상에 따라 전력수요 및 공급전망에 대한 인식이 점차 강조되고 있다. 에너지자원이 부족한 우리나라는 전체 에너지의 약 97%를 수입에 의존하고 있으므로 전력공급의 정확한 수요예측을 통해서 안정적, 경제적으로 전력을 공급해야 한다. 2001년 전력산업구조개편에 따라 전력시장은 발전부문만 시장에 참여하여 경쟁하는 발전경쟁체제로 발전사업자의 입찰량과 전력거래소의 전력수요 예측 결과를 이용하여 시간대별 전력시장가격을 결정하는 가격결정발전 계획을 수립하고 있다. 본 논문에서는 청정 녹색에너지로 피크시간대에 발전하여 주파수 조절을 담당함으로써 전력계통에 크게 기여하고 있는 수력 발전기의 최적 입찰 전략 및 수력발전 사업계획에 활용할 수 있는 전력거래가격 전망 전략을 제시하여 수력발전사업자의 수익 증대와 전력시장 가격 안정화에 기여하고자 한다.

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A Study on the Development of Human Resources for International Competition Power to Software Industry in Korea (한국 소프트웨어 산업의 수출 경쟁력 제고를 위한 인력양성 방안에 관한 연구)

  • Lee, Ho-Gun;Kim, Hee-Jun
    • International Commerce and Information Review
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    • v.4 no.2
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    • pp.233-252
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    • 2002
  • This thesis is designed to draw up scheme for human resources development of the Korean software industry. Its concrete scheme is as follows. That is, IT professionals with international competitiveness should be cultivated, and a human resource development system, which can flexibly meet the market demands, has to be built. Pool of specialized programmers is necessary condition for achieving competitiveness in Korean software industry. Reeducation is also desirable to embody the agile productive capability into the existing human resources for new challenges in the industry. Well-organized human resources database will also make it easy to match new demand and to lower the transaction cost in switching jobs. To cope with the rapidly changing environment actively, human resource development and training system improvement through the cooperation with the concerned industries, universities, research centers and the government must be settled immediately.

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Resource Assessment of Tidal Current Energy Using API in Korea (API를 적용한 국내 조류에너지 잠재량 추정)

  • Jo, Chul-Hee;Lee, Kang-Hee;Cho, Bong-Kun;Hwang, Su-Jin
    • Journal of the Korean Solar Energy Society
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    • v.36 no.1
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    • pp.75-81
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    • 2016
  • The west and south coastal regions of Korea are known to be of strong tidal current speed. With the increasing demand for renewable energies, the resource assessment has been a crucial issue which should be conducted before any detail planning and development of the potential sites for tidal current farm. Although there are several results of resource assessment of tidal current energy in Korea, the resource assessment method is not officially announced. This undefined methodology makes the results unreliable and useless. Recently new renewable energy potential definition has been announced by KIER (Korea Institute of Energy Research). This categorizes energy potential as four steps; theoretical, geographical, technical and market potentials. This paper describes the resource assessment of tidal current power in Korea based on API (Averaged Power Intercepted). The results show that the Incheon-Gyeonggi and Jeollanam-do are very promising areas for tidal current power in Korea.