• Title/Summary/Keyword: Guaranteed reserve

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Guaranteed Reserve Projections for the Guaranteed Interest Contract of Collective DC Funds (통합운영 DC의 이율보증 준비금 추정에 관한 연구)

  • Sung, Joo-Ho;Seo, Dong-Won;Lee, Dong-Hwa
    • Journal of the Korea Society for Simulation
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    • v.28 no.3
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    • pp.57-63
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    • 2019
  • This study suggests the level of guaranteed reserves that should be accumulated in order to provide guaranteed interest contracts to pension members. To calculate the guaranteed reserve, this study employs the method using variable insurance contracts with guaranteed interest options. The average return of three major pensions (national pension, private teacher's pension, civil servants pension) funds, from 2010 to 2018, is set as the target rate of return and then we establish 0%, 1.0%, 1.5% and 2.0% each as our minimum guaranteed returns for their respective guaranteed reserves. Our results firstly show that gaps between each guaranteed reserves are increasing as times goes on. Second, the probability of shortfall reserve is on the decrease as the pension fund is mature. Conclusively, a long-term conservative balance between risk and return is one of the best investing strategies in pension funds providing the guaranteed interest.

Generating Unit Maintenance Scheduling Considering Regional Reserve Constraints and Transfer Capability Using Hybrid PSO Algorithm (지역별 예비력 제약과 융통전력을 고려한 발전기 예방정비 계획 해법)

  • Park, Young-Soo;Park, June-Ho;Kim, Jin-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.56 no.11
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    • pp.1892-1902
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    • 2007
  • This paper presents a new generating unit maintenance scheduling algorithm considering regional reserve margin and transfer capability. Existing researches focused on reliability of the overall power systems have some problems that adequate reliability criteria cannot be guaranteed in supply shortage regions. Therefore specific constraints which can treat regional reserve ratio have to be added to conventional approaches. The objective function considered in this paper is the variance (second-order momentum) of operating reserve margin to levelize reliability during a planning horizon. This paper focuses on significances of considering regional reliability criteria and an advanced hybrid optimization method based on PSO algorithm. The proposed method has been applied to IEEE reliability test system(1996) with 32-generators and a real-world large scale power system with 291 generators. The results are compared with those of the classical central maintenance scheduling approaches and conventional PSO algorithm to verify the effectiveness of the algorithm proposed in this paper.

Estimation of lapse rate of variable annuities by using Cox proportional hazard model (Cox 비례위험모형을 이용한 변액연금 해지율의 추정)

  • Kim, Yumi;Lee, Hangsuck
    • Journal of the Korean Data and Information Science Society
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    • v.24 no.4
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    • pp.723-736
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    • 2013
  • The importance of lapse rate is highly increasing due to the introduction of Cash Flow Pricing system, non-refund-of-reserve insurance policy, and IFRS (International Financial Reporting System) to the Korean insurance market. Researches on lapse rate have mainly focused on simple data analysis and regression analysis, etc. However, lapse rate can be analyzed by survival analysis and can be well explained in terms of several covariates with Cox proportional hazard model. Guaranteed minimum benefits embedded in variable annuities require more elegant statistical analysis of lapse rate. Hence, this paper analyzes data of policyholders with variable annuities by using Cox proportional hazard model. The key variables of policy holder that influences the lapse rate are payment method, premium, lapse insured to term insured, reserve-GMXB ratio, and age.

Service Level Agreement for the QoS Guaranteed Mobile IPTV Services over Mobile WiMAX Networks

  • Chowdhury, Mostafa Zaman;Trung, Bui Minh;Jang, Yeong-Min;Kim, Young-Il;Ryu, Won
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.36 no.4A
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    • pp.380-387
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    • 2011
  • While mobile IPTV services are supported through the mobile WiMAX networks, there must need some guaranteed bandwidth for the IPTV services especially if IPTV and non-IPTV services are simultaneously supported by the mobile WiMAX networks. The quality of an IPTV service definitely depends on the allocated bandwidth for that channel. However, due to the high quality IPTV services and to support of huge non-IPTV traffic over mobile WiMAX networks, it is not possible to guarantee the sufficient amount of the limited mobile WiMAX bandwidth for the mobile IPTV services every time. A Service Level Agreement (SLA) between the mobile IPTV service provider and mobile WiMAX network operator to reserve sufficient bandwidth for the IPTV calls can increase the satisfaction level of the mobile IPTV users. In this paper, we propose a SLA negotiation procedure for mobile IPTV users over mobile WiMAX networks. The Bandwidth Broker controls the allocated bandwidth for IPTV and non-IPTV users. The proposed dynamically reserved bandwidth for the IPTV services increases the IPTV user's satisfaction level. The simulation results state that, our proposed scheme is able to provide better user satisfaction level for the IPTV users.

An Auctioning Mechanism for Green Radio

  • Comaniciu, Cristina;Mandayam, Narayan B.;Poor, H. Vincent;Gorce, Jean-Marie
    • Journal of Communications and Networks
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    • v.12 no.2
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    • pp.114-121
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    • 2010
  • In this paper, an auctioning strategy is proposed for cellular networks that ensures net energy savings. The pricing scheme, in conjunction with a two dimensional bid structure, incentivizes cooperation at the terminal nodes for better interference management at receivers and for cooperative relaying. It is shown that, for the proposed auctioning strategy, network operators are guaranteed revenue gains, mobile nodes' dominant strategy is to bid their true valuation of their energy resources, and overall effective energy gains occur under the assumption of a reserve price for bidding. Simulation results show that significant energy savings can be achieved by employing this auctioning mechanism for a 3G cellular set-up.

A Pre-Resource Reservation Mechanism using NSIS protocol (NSIS 프로토콜을 이용한 사전자원예약 방안)

  • Kim, Sun-Young;Byun, Hae-Sun;Lee, Mee-Jeong
    • Journal of KIISE:Information Networking
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    • v.35 no.6
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    • pp.538-548
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    • 2008
  • In the Internet Engineering Task Force(IETF), Next Step in Signaling(NSIS) working group, proposed a mechanism to discover the Crossover Node(CRN), when the route is changed by Mobile Node(MN) handover. The CRN is divergence or convergence node on old and new path for reserving resources. Trough the CRN discovery mechanism, it possible to reduce a signaling delay and avoid the redundant reservation on the common path between old and new path. However, the QoS(Quality of Service) can be guaranteed continuously while the MN is performing handover, it is needed to pre-reserve the resource on the new path before completion of the handover. When the nodes on the new path try to make a pre-resource reservation before the handover, it is difficult to pre-reserve the resource with the existing CRN discovery mechanism. Therefore, we proposed a Passive CRN(PCRN) discovery scheme and pre-resource reservation mechanism. The PCRN which means an initial common point between the current reserved and the new paths, where the handover can take place.

Efficient Support for Adaptive Bandwidth Scheduling in Video Servers (비디오 서버에서의 효율적인 대역폭 스케줄링 지원)

  • Lee, Won-Jun
    • The KIPS Transactions:PartC
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    • v.9C no.2
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    • pp.297-306
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    • 2002
  • Continuous multimedia applications require a guaranteed retricval and transfer rate of streaming data, which conventional file server mechanism generally does not provide. In this paper we describe a dynamic negotiated admission control and dick bandwidth scheduling framework for Continuous Media (CM : e.g., video) servers. The framework consists of two parts. One is a reserve-based admission control mechanism and the other part is a scheduler for continuous media streams with dynamic resource allocation to achieve higher utilization than non-dynamic scheduler by effectively sharing available resources among contending streams to improve overall QoS. Using our policy, we could increase the number of simultaneously running: clients that coo]d be supported and cot]d ensure a good response ratio and better resource utilization under heavy traffic requirements.

A Reservation-based HWMP Routing Protocol Design Supporting E2E Bandwidth in TICN Combat Wireless Network (TICN 전투무선망에서의 종단간 대역폭을 보장하는 예약 기반 HWMP 라우팅 프로토콜 설계)

  • Jung, Whoi Jin;Min, Seok Hong;Kim, Bong Gyu;Choi, Hyung Suk;Lee, Jong Sung;Lee, Jae Yong;Kim, Byung Chul
    • Journal of the Korea Institute of Military Science and Technology
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    • v.16 no.2
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    • pp.160-168
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    • 2013
  • In tactical environment, tactical wireless networks are generally comprised of Tactical MANETs(T-MANETs) or Tactical WMNs(T-WMNs). The most important services in tactical network are voice and low rate data such as command control and situation awareness. These data should be forwarded via multi-hop in tactical wireless networks. Urgent and mission-critical data should be protected in this environment, so QoS(Quality of Service) must be guaranteed for specific type of traffic for satisfying the requirement of a user. In IEEE 802.11s, TDMA-based MAC protocol, MCCA(MCF Controlled Channel Access), has a function of resource reservation. But 802.11s protocol can not guarantee the end-to-end QoS, because it only supports reservation with neighbors. In this paper, we propose the routing protocol, R-HWMP(Reservation-based HWMP) which has the resource reservation to support the end-to-end QoS. The proposed protocol can reserve the channel slots and find optimal path in T-WMNs. We analyzed the performance of the proposed protocol and showed that end-to-end QoS is guaranteed using NS-2 simulation.

Generation Investment Model Development and Behavior Analysis using System Dynamics Approach (System Dynamics에 의한 발전설비투자 모델개발 및 행태 분석)

  • Kim, Hyun-Shil;Yoon, Yong-Beum
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.56 no.10
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    • pp.1731-1737
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    • 2007
  • The Korea electricity wholesale market is operated under the cost-based-pool system and the government regulation to the new generation capacities in order to insure the resource adequacy. The goal of government's regulation is the electricity market stability by attracting proper generation investment while keeping the reliability of system. Generation companies must mandatory observe that government plan by now. But if the restructuring is to be complete, generation companies should not bear any obligation to invest unless their profitability is guaranteed. Namely the investors' behavior will be affected by the market prices. In this paper, the system dynamics model for Korea wholesale electricity market to examine whether competitive market can help to stabilize is developed and analyzes the investors behavior. The simulation results show that market controlled by government will be operated stable without resulting in price spike but there is no lower price because of maintaining the reasonable reserve margin. However, if the competition is introduced and the new investment is determined by the investor's decision without government intervention, the benefits from lower wholesale price are expected. Nevertheless, the volatility in the wholesale market increases, which increases the investment risks.

The Efficiency Design & MAC Function of the Composition Optical Network (광통신망 구축의 효과적인 설계 및 MAC고려 요소)

  • 하창국
    • Journal of the Korean Professional Engineers Association
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    • v.34 no.4
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    • pp.41-47
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    • 2001
  • The paper describes SR3 (Synchronous Round Robin with Reservations), a collision-free medium access control protocol for all-optical slotted packet networks based on WDM multi-channel ring topologies where nodes are equipped with one fixed-wavelength receiver and one wavelength-tunable transmitter SR3 is derived from the SRR and MMR protocols previously proposed by the same authors for the same class of all-optical networks. SRR and MMR already achieve an efficient exploitation of the available bandwidth, while guaranteeing a throughput-fair access to each node. SR3, In addition, allows nodes to reserve slots. thereby achieving a stronger control on access delays; it is thus well suited to meet tight delay requirements, as it is the case for multimedia applications. Simulation results show that SR3 provides very good performance to guaranteed qualify traffic, but also brings signigicant performance improvements for best-effort traffic. Energy effciency is an important issue for optical network since they must rely on their batteries. We present a novel MAC protocol that achieves a good energy efficiency of optical interface of the network and provides support for diverse traffic types and QoS. The scheduler of the base station is responsible to provide the required QoS to connections on the optical link and to minimise the amount of energy spend by the High speed Network. The main principles of the MaC protocol are to avoid unsuccessful actions, minimise the number of transitions , and synchronise the mobile and the base-station. We will show that considerable amounts of energy can be saved using these principles.

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