• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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• 2003.11a
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• pp.289-290
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• 2003

This paper gives a method for the minimization of the fuel cost by optimal generation. Derivation of the sensitivity of system loss by optimization technique is introduced and the loss sensitivities are substituted into the optimality conditions to obtain the minimized fuel cost.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.6
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• pp.969-978
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• 2016

Around the world are increasing the demand for ESS. Currently, the domestic is expected to benefit by operating ESS. In the domestic, it is expected to benefit from operations of the installed ESS because of the introduction of ESS less capacity. However ESS capacity to the maximum profit occurs is unknown. ESS is different from the charge-discharge characteristics and the reserve to replace, depending on the application. Therefore, it should be established in accordance with the ESS optimal capacity according to the purpose used because it can maximize the quality and efficiency of the electric energy. To the ESS optimal capacity estimation by the purpose used, It should compare the investment cost caused by ESS facility installation and operation cost caused by operating ESS. In this paper, the operation mathematical model for estimating marginal operation costs established. In operation mathematical model, operating cost is considered fuel cost and no-load cost start-up cost. Because no-load cost and start-up cost are not related to cost and power plant output, there are expressed an integer variable costs as a step function.

• Proceedings of the KIEE Conference
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• 2009.07a
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• pp.486_487
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• 2009

This paper presents a method for optimal operation to improve reliability of MicroGrid systems considering load types and interruption cost. The objective functions such as power losses cost, operation cost of dispersed generations, power purchasing cost, and interruption cost are minimized for reliability improvement and efficient operation. The several indices for reliability evaluation are improved by renewable energy sources installation.

• Journal of Korean Institute of Industrial Engineers
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• v.19 no.1
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• pp.73-77
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• 1993

This paper considers an Economic Order Quantity Model under random life cycle. It is assumed that the life cycle of the product is unknown; a random variable. Three cost parameters are considered; ordering cost, inventory carrying cost and salvage cost. Expected total cost is the optimization criterion. We show that the optimal cycle length is unique and finite, and present a simple line search method to find an optimal cycle length.

• Journal of Korean Institute of Industrial Engineers
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• v.35 no.1
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• pp.73-86
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• 2009

This paper discusses a method of determining the optimal design of a block. A horizontal layout of blocks is assumed in which transfer points are located at a side of the block. Each block has several transfer points (TPs) each of which is assigned to a group of adjacent bays and located at the center of the assigned group. The goal is to find the optimal size of a block and the optimal number of TPs while minimizing the total cost consisting of the fixed and operational cost of yard cranes (YCs), the operational cost of internal trucks, and the installation cost of TPs. Constraints on the maximum expected system time of trucks are imposed for the optimization. Formulas for estimating handling operation cycle times of a YC are derived analytically. Numerical experiments are conducted to illustrate optimal block designs for a given set of data.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.10
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• pp.1393-1398
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• 2012

Due to environmental regulation and technical improvements, renewable energy sources (RES) are increasingly penetrated and operated in power systems. Clean energy technologies have become cost-competitive with conventional power systems, and in the near future, the generation cost of RES is expected to approach grid parity. In this situation, it should be considered an extraordinarily important issue to be maximized resulting in utilization of RES as well as to develop technologies for efficiency improvement of RES. Therefore, in this paper, the method for determining an optimal installed capacity and interconnected location of RES is proposed in order to minimize the cost of energy not supplied, which can contribute to improve distribution reliability.

• IE interfaces
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• v.24 no.4
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• pp.295-303
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• 2011

This paper presents a discrete time optimal asset buying problem with a predetermined final deadline where an available budget is limited. A cost is paid to search for assets called the search cost. A seller who shows up offers a price for the asset and then the buyer decides whether or not to buy the asset by comparing the offered price to his optimal selection threshold. When the budget becomes less than the search cost or the price of the asset the buyer can get a necessary loan with some interests. We clarify the properties of the buyer's optimal selection threshold in order to maximize the expected value of budget which is left after paying all the search costs and the price of the asset at that point in time.

• International Journal of Reliability and Applications
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• v.9 no.1
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• pp.113-122
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• 2008

In this paper, we consider a periodic preventive maintenance policy in which each preventive maintenance reduces the hazard rate of amount proportional to the failure intensity, which increases since the system started to operate. And the effect of preventive maintenance at each preventive maintenance epoch is different. The expected cost rate per unit time for the proposed model is obtained. We discuss the optimal number N of the periodic preventive maintenance and the optimal period x, which minimize the expected cost rate per unit time and obtain the optimal preventive maintenance schedule for given cost structures of the model. A numerical example is given for the purpose of illustrating our results when the failure time distribution is Weibull distribution.

• Journal of the Korea Society of Computer and Information
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• v.21 no.1
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• pp.131-138
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• 2016

In this paper, we propose a simple linear bottleneck assignment problems (LBAP) algorithm to find the optimal solution. Generally, the LBAP has been solved by threshold or augmenting path algorithm. The primary characteristic of proposed algorithm is derived the optimal solution of LBAP from linear sum assignment problem (LSAP). Firstly, we obtains the solution for LSAP from the selected minimum cost of rows and moves the duplicated costs in row to unselected row with minimum increasing cost in direct and indirect paths. Then, we obtain the optimal solution of LBAP according to the maximum cost of LSAP can be move to less cost. For the 29 balanced and 7 unbalanced problem, this algorithm finds optimal solution as simple.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.4
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• pp.560-566
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• 2008

Today, as the power trades between generation companies and power customer are liberalized, the uncertainty level of operated power system is rapidly increased. Therefore, transmission operators as decision makers for transmission expansion are required to establish a deliberate investment plan for effective operations of transmission facilities considering forecasted conditions of power system. This paper proposes the methodology for the optimal solution of transmission expansion in deregulated power system. The paper obtains the expected value of transmission congestion cost for various scenarios by using occurrence probability. In addition, the paper assumes that increasing rates of loads are the probability distribution and indicates the location of expanded transmission line, the time for transmission expansion with the minimum cost for the future by performing the Montecarlo simulation. To minimize the investment risk as the variance of the congestion cost, Mean-Variance Markowitz portfolio theory is applied to the optimization model by the penalty factor of the variance. By the case study, the optimal solution for transmission expansion plan considering the feature of market participants is obtained.