• Title/Summary/Keyword: Market Indices

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Reliability Evaluation of Transmission System using Monte Carlo Simulation Method (Monte Carlo Simulation기법을 이용한 송전계통의 신뢰도 평가)

  • Moon, Seung-Pil;Kim, Hong-Sik;Choi, Jae-Seok;Cha, Jun-Min
    • Proceedings of the KIEE Conference
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    • 2001.05a
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    • pp.169-171
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    • 2001
  • This paper presents a method fer evaluation nodal probabilistic congestion and reliability indices of transmission systems using Monte Carlo simulation methods. Quantitative evaluation of transmission system reliability is very important because successful operation of an electric power system. In the deregulated electricity market depends on transmission system reliability management Monte Carlo methods are often preferable, when complex operating conditions are involved and/or the number of sever events is relatively large. To evaluate the reliability of a real power system, Monte Carlo Methods will be more useful. The characteristics and effectiveness of this methodology are illustrated by the case study using a small test system.

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A New Algorithm for Unstable Mode Decision in the On-line Transient Stability Assessment (온라인 과도안정도 평가를 위한 새로운 불안정모드 선정 알고리즘)

  • Chang, Dong-Hwan;Kim, Jung-Woo;Chun, Yeong-Han
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.57 no.7
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    • pp.1123-1128
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    • 2008
  • The necessity of online dynamic security assessment is getting apparent under Electricity Market environments, as operation of power system is exposed to more various operating conditions. For on-line dynamic security assessment, fast transient stability analysis tool is required for contingency selection. The TEF(Transient Energy Function) method is a good candidate for this purpose. The clustering of critical generators is crucial for the precise and fast calculation of energy margin. In this paper, we propose a new method for fast decision of mode of instability by using stability indices and energy margin. The method is a new version of our previous paper.[1] Case studies are showing very promising results.

Reliability Evaluation of Transmission Network of the KEPCO System(Kyongin and Yougdong Area) (KEPCO SYSTEM의 송전계통 신뢰도평가(경인,영동지역))

  • Moon, Seung-Pil;Kim, Hong-Sik;Wang, Jae-Myung;Lee, Chul-Hyu;Choi, Jae-Seok
    • Proceedings of the KIEE Conference
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    • 2001.11b
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    • pp.34-37
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    • 2001
  • This paper evaluate reliability indices of a part of transmission network of KEPCO system. Quantitative evaluation of transmission system reliability is very important because successful operation of an electric power system in the deregulated electricity market depends on transmission system reliability management. Monte Carlo methods are often preferable, when complex operating conditions are involved and/or the number of sever events is relatively large. Monte Carlo simulation methods and CMELDC(CoMposite power system Effective Load Duration Curve) were used in this paper.

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A Study on Probabilistic Reliability Evaluation of Transmission System (송전계통의 확률론적 신뢰도 평가에 관한 연구)

  • Kang, S.R.;Kim, K.H.;Tinh, T.T.;Choi, J.S.;Jeon, D.H.;Lee, Y.T.;Moon, S.P.;Choo, J.B.
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.42-45
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    • 2003
  • This paper presents a method for assessing reliability indices of transmission system. Because successful operation of electric power under the deregulated electricity market depends on transmission system reliability management, quantity evaluation of transmission system reliability is very important. The key point idea is based on that the reliability level of transmission system is equal to reliability level difference of between composite power system(HLII) and generation system(HLI). It is the reason that composite power system includes uncertainties and capacity limit of transmission lines. The practicality and effectiveness of this methodology are illustrated by the case study using the KEPCO size system.

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Reassessment of SMES Application Studies and Systematic approach Method under Deregulation (전력계통 제어용 초전도에너지 저장장치(SMES)의 검토사례 분석과 전력시장에서의 적용방안)

  • Lee, Geun-Joon;Yoon, Y.B.;Hwang, S.D.
    • Proceedings of the KIEE Conference
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    • 2003.11a
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    • pp.54-56
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    • 2003
  • With the advancement of superconductor materials, especially in HTC YBCO(Gen II), the feasibility of SMES in power systems become much higher than previous days application[1]. Also, with the de-regulation of electricity market, it is indispensable to have a proper estimation of power quality index and power quality cost calcluation mechanism to stabilize highly industrialized society and to vitalize the investment for electric power system. This paper suggests a comprehensive algorithm[2] to determine the policy of SMES investment with the PQ Indices[3] based on aggregated load CBEMA curve reflecting the voltage characteristics such as volatge sags and interruptions which make electric load in unstable operation.

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A Probabilistic Reliability Assessment of KEPCO Future System with Applied HTS-FCL (초전도 한류기를 적용한 한전미래계통의 확률론적 신뢰도 평가)

  • Kwon, Jung-Ji;Lee, Seung-Ryul;Yoon, Jae-Young;Choi, Jae-Seok
    • Progress in Superconductivity and Cryogenics
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    • v.10 no.3
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    • pp.19-22
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    • 2008
  • The power systems should be improved to reduce the number of black-out events occurring throughout the world. Quantitative evaluation of composite power system reliability is very important in a competitive electricity environment. The reason is that the successful operation of electric power systems under a deregulated electricity market depends on transmission system reliability management. This paper presents sensitivity analysis of probabilistic reliability indices of Korea power systems with checking application of HTS-FCL.

Mitigating the Shocks: Exploring the Role of Economic Structure in the Regional Employment Resilience

  • Kiseok Song;Ilwon Seo
    • Asian Journal of Innovation and Policy
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    • v.12 no.3
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    • pp.323-344
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    • 2023
  • This study investigates the resilient structural characteristics of a region by assessing the impact of the financial crisis. Utilizing panel data at the prefecture level for metropolitan cities across pre-shock (2006-2008), shock (2009), and post-shock (2010-2019) periods, we calculated an employment resilience index by combining the resistance and recovery indices. The panel logit regression measures the influences of the region's industrial structure and external economic factors in response to the global financial crisis. The results revealed that the diversity index of industries contributed to the post-shock recovery bounce-back. Additionally, the presence of large firms and industrial clusters within the region positively contributed to economic resilience. The specialization and the proportion of manufacturing industries showed negative effects, suggesting that regions overly reliant on manufacturing-centered specialization might be vulnerable to external shocks. Furthermore, excessive capital outflows for market expansion were found to have a detrimental impact on regional economic recovery.

The Study on Frameworks of Valuation Models for the Contents of Science and Technology Information (과학기술정보 콘텐츠의 가치평가모형 프레임워크 연구)

  • Sung, Tae-Eung;Jun, Seung-Pyo;Byun, Jeongeun;Park, Hyun-Woo
    • The Journal of the Korea Contents Association
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    • v.16 no.11
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    • pp.421-433
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    • 2016
  • Recently, although the interest in transfer and transactions of intangible assets increases, there is no valuation model to objectively assess market value of knowledge and information contents such as electronic databases and the necessity of researches associated is brought up. Therefore, the present study proposes valuation models so as to utilize as objective reference information in the contents market of intangible assets, by assessing the market value of science and technology information contents including patents, academic papers and reports. First, we look into application methods of calculating cash flows by content types out of key variables which has been applied to the present technology valuation, and in case of patents we propose valuation methods based on concepts which are applied in the present technology valuation. Next, in case of both papers and reports, in order to reflect the characteristics of these contents we newly propose qualitative valuation methods which are adjustable based on both technology innovation and market demands indices while estimating the economic life cycle of the technology, and also present the input cost-based calculation method as the calculation method of cash flows. Throughout the study, we could establish frameworks by technology fields and business models applicable such as copyright licensing, transactions of individual science and technology information contents, and expect that more objective and reasonable assessment of content values is accessible.

Inequality Factors and Trend in the Earnings of Self-Employed (자영업 근로소득의 불평등 요인과 변화)

  • Ji, Eun-Jeong
    • Korean Journal of Social Welfare
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    • v.64 no.2
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    • pp.55-83
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    • 2012
  • Self-employment rate is high in Korean labor market, while the income gap within self-employed is also high. Although, there are very few studies that addressed on the income inequality of self-employed. Thus, this study has measured the earnings inequality of self-employed by generalized entropy indices and decomposed inequality factor and trend. The empirical study is based on Korea Welfare Panel Study wave 1~4. The main result from this analysis is summarized in three points. Firstly, earnings inequality of self-employed is severely high and the earnings polarization within self-employed has become more serious in Korea. Secondly, this study provides the evidence that the main factor of earnings inequality of self-employed is the status of self-employment, education level, age group, workplace scale and industry. Thirdly, the contribution of relative changes in the incomes of the status of self-employment is the largest to the inequality trend. In terms of education level, age group and industry, the increase of inequality within group(pure effect) mainly attributes to the rise of earnings inequality of self-employed and the change effect of group composition contributes to deterioration of inequality.

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SSaM-GG Sustainability & Anti-Risk Indices Development for the 2015 Goesan World Organic Agriculture Industry Expo (2015년 괴산군 세계유기농산업엑스포 개최의 5축 SSaM-GG 지속성 및 반-위험성 지표들 개발)

  • KOO, Ja-Kong
    • Journal of the Korea Organic Resources Recycling Association
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    • v.23 no.3
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    • pp.23-29
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    • 2015
  • The environmental friendly well being food is currently more concerning with being important for living together between human and nature worldwide by inducing the abnormal weather and global warming effect. Organic farming in Korea is slightly developed for past 100 years compared with the advanced country. However, world market of organic farming will be expanded in the future. According to holding 2015 Goesan World Organic Agriculture Industry Expo (WOAIE) from Sept. 18 to Oct. 11 organic farming in Korea will be developed. For being the safe and successful Expo, indices for 5 sectors are developed as SSaM-GG(Shared, Smart, and Mutual-Green Growth) with emphasis on reduction of accidents.