• Proceedings of the KIEE Conference
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• 2003.07a
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• pp.602-605
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• 2003

This paper describes the consumer's decision-making process fur own optimal electricity consumption schedule and strategy using new load management system (LMS). As a result, it is demonstrated that a consumer in competitive electricity market has the opportunities to reduce electric payment by use of this LMS.

• Proceedings of the KIEE Conference
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• 1986.07a
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• pp.499-501
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• 1986

• Smart Structures and Systems
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• v.4 no.5
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• pp.641-653
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• 2008

This paper proposes a practical and realistic method to establish an optimal lifetime maintenance strategy for deteriorating bridges by considering the life-cycle performance as well as the life-cycle cost. The proposed method offers a set of optimal tradeoff maintenance scenarios among other conflicting objectives, such as minimizing cost and maximizing performance. A genetic algorithm is used to generate a set of maintenance scenarios that is a multi-objective combinatorial optimization problem related to the lifetime performance and the life-cycle cost as separate objective functions. A computer program, which generates optimal maintenance scenarios, was developed based on the proposed method using the life-cycle costs and the performance of bridges. The subordinate relation between bridge members has been considered to decide optimal maintenance sequence and a corresponding algorithm has been implemented into the program. The developed program has been used to present a procedure for finding an optimal maintenance scenario for steel-girder bridges on the Korean National Road. Through this bridge maintenance scenario analysis, it is expected that the developed method and program can be effectively used to allow bridge managers an optimal maintenance strategy satisfying various constraints and requirements.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.50 no.6
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• pp.265-274
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• 2001

Recently, the operation of power systems has become more difficult because the peak demand load is increasing continuously and the daily load factor is getting worse and worse. Also, the consideration of deregulation and global environment in electric power industry is required. In order to overcome those problems, a study on the planning and operation in power systems of dispersed generating sources such as fuel cell systems, photovoltaic systems and wind power systems, has been performed energetically. This paper presents a method for determining an optimal operation strategy of dispersed co-generating sources, especially fuel cell generation systems, considering thermal supply as well as electric power supply. In other words, the optimal operation of those sources can be determined easily by the principle of equal incremental fuel cost and the thermal merit of those sources can be also evaluated quantitatively through Kuhn-Tucker's optimal conditions. In additions, an priority method using the comparison of total cost at the peak load time interval is presented in order ot select the optimal locations of those sources. The validity of the proposed algorithms is demonstrated using a model system.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.40 no.1
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• pp.79-86
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• 2017

This research focused on deciding optimal manufacturing WIP (Work-In-Process) limit for a small production system. Reducing WIP leads to stable capacity, better manufacturing flow and decrease inventory. WIP is the one of the important issue, since it can affect manufacturing area, like productivity and line efficiency and bottlenecks in manufacturing process. Several approaches implemented in this research. First, two strategies applied to decide WIP limit. One is roulette wheel selection and the other one is elite strategy. Second, for each strategy, JIT (Just In Time), CONWIP (Constant WIP), Gated Max WIP System and CWIPL (Critical WIP Loops) system applied to find a best material flow mechanism. Therefore, pull control system is preferred to control production line efficiently. In the production line, the WIP limit has been decided based on mathematical models or expert's decision. However, due to the complexity of the process or increase of the variables, it is difficult to obtain optimal WIP limit. To obtain an optimal WIP limit, GA applied in each material control system. When evaluating the performance of the result, fitness function is used by reflecting WIP parameter. Elite strategy showed better performance than roulette wheel selection when evaluating fitness value. Elite strategy reach to the optimal WIP limit faster than roulette wheel selection and generation time is short. For this reason, this study proposes a fast and reliable method for determining the WIP level by applying genetic algorithm to pull system based production process. This research showed that this method could be applied to a more complex production system.

• Journal of Korean Society for Quality Management
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• v.41 no.1
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• pp.109-118
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• 2013

Purpose: Given the several proper models for given mixture components-process variables experimental data, we propose a strategy to find the optimal condition in which the performance of the responses is well-behaved under those models. Methods: Given the mixture experimental data with process variables, first we choose the reasonable starting models among the class of admissible product models based on the model selection criteria and then, search for the candidate models that are the subset models of the starting model by the sequential variable selection method or all possible regressions procedure. Good candidate models are screened by the evaluation of model selection criteria and checking the residual plots for the validity of the model assumption. Results: We propose a strategy to find the optimal condition in which the performance of the responses is well-behaved under those good candidate models by adopting the optimization methods developed in multiple responses surface methodology. Conclusion: A strategy is proposed to find the optimal condition in which the performance of the responses is well-behaved under those proper combined models. This strategy to find the optimal condition is illustrated with the example in this paper.

• Journal of Electrical Engineering and Technology
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• v.5 no.1
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• pp.21-27
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• 2010

This paper examines the long-run social welfare maximization problems facing public utilities, which includes consideration of the cost of capital or other fixed costs of production, from which it derives optimal investment decisions in a reliability differentiated pricing based market. Reliability differentiated pricing policies lead to straightforward mathematical results on optimal investment decisions in generation and transmission expansion planning. This paper presents the mathematical conditions for optimal investment decisions.

• Journal of Distribution Science
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• v.11 no.4
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• pp.61-72
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• 2013

Purpose - It is widely accepted that the process of developing marketing strategy is composed of three steps: market segmentation, target market selection and positioning. However, mass marketing strategy based on cost reduction through economies of scale and standardized products, can be also an effective strategic option. Many marketing scholars including Theodore Levitt emphasize the importance of applying the mass production concept to various industries including service industries. Especially, in times of economic downturn, the capability of providing consumers with low-priced, value products can be an important source of competitive advantage, as well as the ability of providing high-priced premium products. Marketers should decide whether they will implement mass marketing strategy or target marketing strategy. The present study theoretically shows that firms should understand the target customers' price elasticity as well as the firm's cost structure in order to make such a strategic decision. Research design, data, and methodology - Instead of implementing an empirical study, this study provides a theoretical(mathematical) investigation on the effect of consumers' price elasticity on a firm's optimal price level, profit, sales volume, revenue, and cost. The results are mostly deduced from derivative calculations and several graphs are utilized to represent the results on the relationships between the variables under study. Results - The analytical results suggest that it is more profitable for a firm to adopt the segment/target marketing strategy (more specifically the differentiation strategy) when the degree of consumers' heterogeneity is high and the proportion of the fixed cost in the total cost is low. On the other hand, if the degree of consumers' heterogeneity is low and the fixed cost is high, it is better to adopt the mass marketing strategy or the cost leadership strategy. The strategy of concentrating on a single target market will be effective when consumers' needs are highly heterogeneous but the fixed cost is high. Any of the three types of generic strategies proposed my Porter(1980, 1985) can be applied when both the consumers' heterogeneity and the fixed cost are low. This study also proposes the contribution-margin-based method for developing the optimal pricing strategy. Conclusions - One of the primary roles of marketers is to find a proper compromise between the two conflicting goals of maximizing customer satisfaction and minimizing cost. In order to do so, he or she should understand the characteristics of the target customers as well as the cost structure of the firm. In addition to the theoretical analyses, this study discusses several business cases and explains how superior companies find the optimal compromise position between these two goals and dominate the market. One of the radical changes recently taking place in business arena is the reduction of production and distribution costs of both physical goods and information due to the advancement and the wide diffusion of information technology. The cost reduction combined with lowered priced elasticity incurred by customized products and services, will enable many firms to adopt the mass customization strategy.

• KIEAE Journal
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• v.15 no.4
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• pp.37-43
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• 2015

Purpose : The study applied control strategy to reduce through optimal control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. The study has the purpose to review validity of control on variable speed as ESMs(Energy Saving Measures) and establish the control technology on variable speed pump. The study performed reduction analysis of building energy and economic evaluation of pump through energy effectiveness control strategy of HVAC system. Method: The study sought possible reduction through energy control strategy which can provide proper flow fitting to building load by applying control on variable speed pump. The study applied control strategy to reduce through pressure differential set-point control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. Result : The results showed that about 16-35% of pump energy could be saved by using these optimal control strategies. In the result of analysis on 10 years life cycle cost of analysis on payback period of initial investment pump, variable speed pump control showed 5.1 years.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.15 no.5
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• pp.384-398
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• 1990

This paper compares and shows the characteristics of various PWM strategies used to generate pulse signals of voltage source inverter. We designed the inverter using PTR and constituted the variable speed drive (VSD) system. For each PWM strategy, acoustic noise level, line-to-line voltage and current waveform, and current harmonic spectrum are measured with respect to the VSD of induction motor. The Suboptimal PWM strategy showed the similar harmonic effects to those of the Optimal PWM strategy. In addition, the microprocessor application was available to the former. The TP PWM strategy was excellent in that it could reduce the CPU load and increase the output voltage since the strategy could control only two phase of the three.