• Title/Summary/Keyword: Equilibrium Model

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On the Equilibrium Catch Curve for Yellow Croaker (참조기의 평형어획곡선에 대하여)

  • Kim, Wan Soo
    • 한국해양학회지
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    • v.8 no.2
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    • pp.75-77
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    • 1973
  • The catch and effort information for the yellow croaker from the Yellow Sea and the East China Sea during 1964 through 1971 is analyzed on the basis of the generalized production model. The equilibrium catch curve for m=0.2, the best estimate of the skew parameter, is obtained, and the maximum equilibrium catch is shown to be 37,306M/T. It appears that equilibrium catch curve for the yellow croaker is positively skewed and the fishing beyond the maximum of the yield curve will result in a less pronounced decline in yield than would be predicted by the Schaefer model.

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ANALYSIS OF EQUILIBRIUM METHODS FOR THE COMPUTATIONAL MODEL OF THE MARK-IV ELECTR OREFINER

  • Cumberland, Riley;Hoover, Robert;Phongikaroon, Supathorn;Yim, Man-Sung
    • Nuclear Engineering and Technology
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    • v.43 no.6
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    • pp.547-556
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    • 2011
  • Two computational methods for determining equilibrium states for the Mark-IV electrorefiner (ER) have been assessed to improve the current computational electrorefiner model developed at University of Idaho. Both methods were validated against measured data to better understand their effects on the calculation of the equilibrium compositions in the ER. In addition, a sensitivity study was performed on the effect of specific unknown activity coefficients-including sodium in molten cadmium, zirconium in molten cadmium, and sodium chloride in molten LiCl-KCl. Both computational methods produced identical results, which stayed within the 95% confidence interval of the experimental data. Furthermore, sensitivity to unavailable activity coefficients was found to be low (a change in concentration of less than 3 ppm).

An Equilibrium Analysis to Generate Syngas in the Pyrolysis and Gasification of Refuse Plastic Fuel (RPF 열분해 가스화시 합성가스에 대한 화학평형 계산)

  • Kang, Pil-Sun;Bae, Su-Woo;Song, Soon-Ho;Hwang, Jung-Ho
    • Proceedings of the KSME Conference
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    • 2007.05b
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    • pp.3435-3439
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    • 2007
  • The aim of this study is to find out the condition that generates maximum $H_2$ through the calculation of equilibrium model with conditions of pyrolysis gases of Refuse Plastic Fuel(RPF). This study deals with the computational simulation of a RPF gasification using an equilibrium model based on minimization of the Gibbs free energy. An equilibrium analysis was carried out to determine species composition of Syngas in RPF gasification and reactions to variation of temperature, $O_2$/Fuel ratio and Steam/Fuel ratio. Calculated results showed that $O_2$/Fuel ratio, Steam/Fuel ratio and temperature affected on mole fraction of $H_2$, CO.

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Incentives to Pioneer the Next Generation Market for Two Firms with Asymmetric Conditions (비대칭적 조건하에서 기업간의 신시장 개척 유인 분석)

  • Lim, Jong-In;Oh, Hyung-Sik
    • Journal of Korean Institute of Industrial Engineers
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    • v.22 no.2
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    • pp.189-207
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    • 1996
  • In this paper, a market share competition model for two firms with asymmetric conditions is considered with. In the model, the asymmetry between two firms is given by the difference of market shares In the existing market and the change of market share is supposed to be occurred only through pioneering a new market. Since the timing decision of market pioneering is based on the continuous time domain, a super game structure which has infinitely many numbers of subgames is employed for the modeling. In the course of equilibrium finding, we show that there exists no subgame-perfect pure strategy equilibrium In this game. So, we apply a mixed strategy concept and find a unique subgame-perfect equilibrium behavior strategy. As a result of equilibrium analysis, we know that the relative sizes of pioneering Incentives between two firms are varying with parameter conditions. However, the global speed of market pioneering is proven to be independent with the level of asymmetry between two firms.

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An Equilibrium Analysis to Generate Syngas in the Pyrolysis and Gasification of Refuse Plastic Fuel (RPF 열분해 가스화시 합성가스 조성에 대한 화학평형 계산)

  • Kang, Pil-Sun;Bae, Su-Woo;Song, Soon-Ho;Hwang, Jung-Ho
    • Journal of the Korean Society of Combustion
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    • v.12 no.4
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    • pp.57-61
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    • 2007
  • The aim of this study is to find out the condition that generates maximum $H_2$ through the calculation of equilibrium model with conditions of pyrolysis gases of Refuse Plastic Fuel(RPF). This study deals with the computational simulation of a RPF gasification using an equilibrium model based on minimization of the Gibbs free energy. An equilibrium analysis was carried out to determine species composition of Syngas in RPF gasification and reactions to variation of temperature, $O_2/Fuel$ ratio and Steam/Fuel ratio. Calculated results shows that hydrocarbons in pyrolyzed gas are converted to synthesis gas which is formed on hydrogen and carbon monoxide.

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Duopoly R&D competition with flexible spillovers

  • Kim, Hyoun-Jong;Yu, Pyung-Il
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1995.04a
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    • pp.363-374
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    • 1995
  • A duopoly model of R&D competition is presented to investigate whether an equilibrium R&D level with flexible spillovers is insufficient (or excessive) from the viewpoint of social welfare. The model focus on flexible spillovers which include much portion of externality occurring in R&D activity. Flexible spillovers refer to the spillovers that vary with industry equilibrium level of R&D. Innovating firms have incentives to cooperate in R&D in the presence of large spillovers. For any symmetric R&D profile, socially desirable equilibrium output is larger than equilibrium output produced in duopoly. Cooperative equilibrium R&D investment is observed to be socially insufficient in terms of welfare criterion irrespective of the magnitude of spillovers. While noncooperative R&D yields socially excessive expenditure on research project for a certain range of spillovers.

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The Ramp-Rate Constraint Effects on the Generators' Equilibrium Strategy in Electricity Markets

  • Joung, Man-Ho;Kim, Jin-Ho
    • Journal of Electrical Engineering and Technology
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    • v.3 no.4
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    • pp.509-513
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    • 2008
  • In this paper, we investigate how generators' ramp-rate constraints may influence their equilibrium strategy formulation. In the market model proposed in this study, the generators' ramp-rate constraints are explicitly represented. In order to fully characterize the inter-temporal nature of the ramp-rate constraints, a dynamic game model is presented. The subgame perfect Nash equilibrium is adopted as the solution of the game and the backward induction procedure for the solution of the game is designed in this paper. The inter-temporal nature of the ramp-rate constraints results in the Markov property of the game, and we have found that the Markov property of the game significantly simplifies the subgame perfect Nash equilibrium characterization. Finally, a simple electricity market numerical illustration is presented for the successful application of the approach proposed.

A Comparison of the Crack Plane Equilibrium Model for Elastic-Plastic Fracture Analysis with the Irwin's Plastic Zone Corrected LEFM (탄소성 파괴해석을 위한 크랙 평면 평형모형과 항복 선형 파괴역학과의 비교에 관한 연구)

  • Lee, Kyu-Yong;Smith, F.W.
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.20 no.1
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    • pp.30-36
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    • 1984
  • It is well known that the application of linear elastic fracture mechanics is inadequate to solve the large deformation fracture failures which occurr in ductile manner because of the large scale yielding due to the severe stress concentration in the region adjacent to the crack tip. The authors have been evolved a fracture model, the crack plane equilibrium model, for this kinds of elastic-plastic fracture problems in the previous report. In this report, the crack plane equilibrium model was compared with the Irwin's plastic zone corrected linear elastic fracture mechanics through theoretical comparisons and experimental results to examine the validity of the crack plane equilibrium model as an available tool for nonlinear fracture analysis. Through this study, the main results were reached as follows; Irwin's plastic zone corrected linear elastic fracture mechanics could be applicable only for small scale yielding problems as expected while the crack plane equilibrium model valid as a fracture model for large deformation fracture failure. However, the followings should be considered for the more precise evaluations of CPE model; 1) It is necessary to test more specimens which contain small cracks in the range of 2a/W<0.1. 2) It is important to detect the crack initiation point during the fracture test for determining an accurate fracture load. 3) Effects of specimen thickness in the fracture process zone should be examined.

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Supply Function Nash Equilibrium Considering Stochastic Demand Function (확률적 수요함수를 고려한 공급함수의 전략변수 내쉬균형 연구)

  • Lee, Kwang-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.57 no.1
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    • pp.20-24
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    • 2008
  • A bid-based pool(BBP) model is representative of energy market structure in a number of restructured electricity markets. Supply function equilibrium(SFE) models of interaction better match what is explicitly required in the bid formats of typical BBP markets. Many of the results in the SFE literature involve restrictive parametrization of the bid cost functions. In the SFE models, two parameters, intercept and slope, are available for strategic bidding. This paper addresses the realistic competition format that players can choose both parameters arbitrarily. In a fixed demand function, equilibrium conditions for generation company's profit maximization have a degree of freedom, which induces multi-equilibrium. So it is hard to choose a convergent equilibrium. However, consideration of stochastic demand function makes the equilibrium conditions independent each other based on the amount of variance of stochastic demand function. This variance provides the bidding players with incentives to change the slope parameter from an equilibrium for a fixed demand function until the slope parameter equilibrium.

Equilibrium Concentration of Radionuclides in Cement/Groundwater/Carbon Steel System

  • Keum, D.K.;Cho, W.J.;Hahn, P.S.
    • Nuclear Engineering and Technology
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    • v.29 no.2
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    • pp.127-137
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    • 1997
  • Equilibrium concentrations of major elements in an underground repository with a capacity of 100,000 drums have been simulated using the geochemical computer code (EQMOD). The simulation has been carried out at the conditions of pH 12 to 13.5, and Eh 520 and -520 mV. Solubilities of magnesium and calcium decrease with the increase of pH. The solubility of iron increases with pH at Eh -520 mV of reducing environment while it almost entirely exists as the precipitate of Fe(OH)$_3$(s) at Eh 520 mV of oxidizing environment. All of cobalt and nickel are predicted to be dissolved in the liquid phase regardless of pH since the solubility limit is greater than the total concentration. In the case of cesium and strontium, all forms of both ions are present in the liquid phase because they have negligible sorption capacity on cement and large solubility under disposal atmosphere. And thus the total concentration determines the equilibrium concentration. Adsorbed amount of iodide and carbonate are dependent on adsorption capacity and adsorption equilibrium constant. Especially, the calcite turns out to be a solubility-limiting phase on the carbonate system. In order to validate the model, the equilibrium concentrations measured for a number of systems which consist of iron, cement, synthetic groundwater and radionuclides are compared with those predicted by the model. The concentrations between the model and the experiment of nonadsorptive elements cesium, strontium, cobalt nickel and iron, are well agreed. It indicates that the assumptions and the thermodynamic data in this work are valid. Using the adsorption equilibrium constant as a free parameter, the experimental data of iodide and carbonate have been fitted to the model. The model is in a good agreement with the experimental data of the iodide system.

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