• Title/Summary/Keyword: Generation Cost

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A System Dynamics Approach for Valuing Nuclear Power Technology (System Dynamics를 이용한 원자력발전의 기술가치 평가)

  • Lee, Yong-Suk
    • Korean System Dynamics Review
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    • v.7 no.2
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    • pp.57-80
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    • 2006
  • Nuclear technology made a great contribution to the national economy and society by localization of nuclear power plant design, and by stabilization of electricity price, etc. It is very important to conduct the retrospective analysis for the nuclear technology contribution to the national economy and society, but it is more important to conduct prospective analysis for the nuclear technology contribution. The term "technology value" is often used in the prospective analysis to value the result of technology development. There are various definitions of technology value, but generally it means the increment of future revenue or the reduction of future cost by technology development. These technology valuation methods are widely used in various fields (information technology or energy technology, etc). The main objective of this research is to develop valuation methodology that represents unique characteristics of nuclear power technology. The valuation methodology that incorporates market share changes of generation technologies was developed. The technology valuation model which consists of five modules (electricity demand forecast module, technology development module, market share module, electricity generation module, total cost module) to incorporate market share changes of generation technologies was developed. The nuclear power technology value assessed by this technology valuation model was 3 times more than the value assessed by the conventional method. So it was confirmed that it is very important to incorporates market share changes of generation technologies. The valuation results of nuclear power technology in this study can be used as policy data for ensuring the benefits of nuclear power R&D (Research and Development) investment.

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Economic Profit Analysis for Centralized Operation of Economic Load Dispatch Problem (경제급전문제의 통합운영에 관한 경제적 이득 분석)

  • Lee, Sang-Un
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.16 no.2
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    • pp.181-188
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    • 2016
  • This paper demonstrates that centralized economic load dispatch optimization is much more economical than independent optimization carried out by individual power generating companies. The algorithm applied here optimizes by balancing the generation power at the valve-point, then readjusting generation power by comparing incremental operating cost incurred by marginal increase in the generation power and decremental operating cost likewise incurred by marginal decrease in the generation power. Upon comparing 3 individual optimization cases of 10, 13, and 40 generators respectively with centralized optimization of 63 generators, centralized operation for economic load dispatch optimization has proven to maximize economic benefits by markedly reducing operation costs of individual optimization.

A Mechanism of IPP's(Coal Fired) Optimal Power Generation According to Introduction of RPS(Renewable Portfolio Standard) (RPS제도 도입에 따른 민간 석탄 발전소의 최적 발전량 결정 메커니즘 연구)

  • Ha, Sun-Woo;Lee, Sang-Joong
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.7
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    • pp.1135-1143
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    • 2016
  • A private company's 1,000 MW coal-fired power plant will be the first coal-fired power plant that was included in the 5th 'Basic Plan on Electricity Demand and Supply' (2010). Now it is facing the task to abide by the RPS(Renewable Portfolio Standard) policy after commercial operation. If they fail to supply the necessary REC (Renewable Energy Certificate) mandated by the RPS policy, they are subject to be fined by the government and forced to modify the cost function to reflect the burden. Eventually the company's coal-fired power plant will be forced to reduce generation to maximize profit because the amount of electricity generated by the power plant and the REC obligation is positively correlated. This paper analyzed the change of cost function of private coal-fired power plant according to the introduction of RPS policy from the viewpoint of private company, and finally proposed the optimal generation to maximize the profit of private coal-fired power plant under the current RPS policy.

Investigation on Replacement Criteria for Aged Diesel Driven Power Generation Facility by Monte Carlo Simulation (몬테카를로 시뮬레이션을 통한 노후 디젤발전설비 교체기준 고찰)

  • Park, Myungsoo;Song, Gee Wook;Seo, Sang Il;Won, Dong Ju
    • Transactions of the KSME C: Technology and Education
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    • v.2 no.2
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    • pp.89-97
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    • 2014
  • The diesel driven power generation facility provides most of electricity of island region where is isolated from the main land power supply system. It is possible to extend the life of diesel driven power generation facility by periodic maintenance. However, the long-term use of diesel driven power generation facility increases the operating cost due to aging hardware and reduced plant efficiency. In other words, on-time replacement of aging diesel driven power generation facility reduces plant operation cost. The purpose of this study presents major indicators to represent the characteristics of the diesel generator and conducts sensitivity analysis using Monte Carlo analysis. In addition, status core which indicates quantitatively the state of the diesel driven power generation facility is defined and prepare the replacement criteria based on the state score.

Benefit-Cost Analysis of National Pensioners by Income and Life Expectancy (소득계층별 기대여명 차이를 반영한 국민연금 노령연금수급자의 수급부담구조 분석)

  • Han, Jeonglim;Lee, Hangsuck
    • The Korean Journal of Applied Statistics
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    • v.27 no.2
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    • pp.211-226
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    • 2014
  • This paper discusses life expectancy differentials of beneficiaries of national pension old-age benefit and benefit-cost analysis in Korea. These results are useful indicators for the assessment of retirement income security of beneficiaries and old-age benefits. This paper analyzes benefit-cost ratio, internal rate of return and generation transfer amount, using life tables by lifetime incomes. The result of the actuarial analysis for male life expectancy is approximately 21.69 to 24.63 years. The result of the actuarial analysis for female life expectancy is approximately 27.63 to 29.81 years. The result of the actuarial analysis of low income level is that the benefit-cost ratio is lower approximately 2.68 to 4.83%, the internal rate of return lower approximately 0.00 to 0.74%, the generation transfer amount lower approximately 3.00 to 5.74%, than total income level. The result of the actuarial analysis of high income level is that the benefit-cost ratio is higher approximately 2.07 to 4.98%, the internal rate of return higher approximately 0.03 to 1.73%, the generation transfer amount higher approximately 2.53 to 9.68%, than the total income level. The results by income varies due to the effect of income redistribution and life expectancy on the national pension.

Atmospheric Plasma application for dry cleaner, PR ashing & PI rework in the $5^{th}$ generation and beyond LCD production

  • Park, Young-Chun;Lee, Bong-Ju
    • 한국정보디스플레이학회:학술대회논문집
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    • 2003.07a
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    • pp.421-424
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    • 2003
  • An AP plasma technology has been developed for the application of dry cleaner, PR ashing and PI rework in the large glass size. The technology is cost effective, environment friendly, and best fits for coming generation LCD production since the design is easily scalable to bigger size glasses. Surface cleaning results based on the contact angle study has been presented for $5^{th}$ generation LCD bare glass. PR ashing results and various parametric studies have been also presented.

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Bidding Strategy Determination by Defining Strategy Vector (전략벡터정의를 통한 입찰전략수립)

  • 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.60-62
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    • 2001
  • This paper shows the optimal bidding strategy determination method using Nash equilibrium concept by defining bidding strategy vector. This vector is 2-dimension vector whose components are generation amount and generation cost. Thereby we are able to make all possible strategies and their's payoff table. And then we erase dominated strategies one by one so that we obtain Nash equilibrium, the optimal bidding strategy of generation bidding game.

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Quantum-dots light emitting diodes for a next generation display (양자점 기반 차세대 발광다이오드 기술)

  • Heo, Subeen;Kang, Seong Jun
    • Vacuum Magazine
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    • v.4 no.4
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    • pp.14-17
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    • 2017
  • Recently, quantum-dots light emitting diodes (QLEDs) are considered as a next-generation display due to the superior luminescence behaviors, photo stability and narrow spectral emission bandwidth. Moreover, the emission color of QLEDs can be easily controlled by changing the dimension of quantum dots (QDs). A flexible display based on QLEDs can be achieved using low-cost solution process, such as a printing technology. Therefore, QLEDs are expected as a next generation display. In this document, recent progresses in QDs technology will be introduced.

Design of an Adaptive Backstepping Position Controller for the Wind Power Generation System (풍력발전시스템의 적응백스테핑 위치제어기 설계)

  • Hyun, Keun-Ho
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.1227-1229
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    • 2007
  • In this paper a robust controller using adaptive backstepping technique is proposed to control the position of wind power generation system. To make wind power generation truly cost effective and reliable, advanced and robust control algorithms are derived to on-line adjust the excitation winding voltage of the generator based on both mechanical and electrical dynamics. This method is shown to be able to achieve smooth and asymptotic rotor speed tracking, as justified by analysis and computer simulation.

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The Methodology of Design to LCC (수명주기비용을 고려한 설계 및 관리 방안)

  • Na, In-Sung;Lee, Jae-Won;Park, Myeong-Kyu
    • Journal of the Korea Safety Management & Science
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    • v.8 no.5
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    • pp.131-137
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    • 2006
  • The Cost has been much emphasized in inside of an army because of the promotion of reconciliation atmosphere between South and North Korea and the reduction of defense budget since 1990. So we are now faced with the problem that we should consider a cost above all besides the performance and arrangement for such a restriction of budget in time of developing new generation weapon systems. In this research we are suggested following two methodologies. One is the develop a weapon system with optimum cost considering a Life Cycle Cost from the first stage of design and the other is the cost control and management with the establishment of Target cost.