• KEPCO Journal on Electric Power and Energy
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• 제6권3호
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• pp.279-284
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• 2020

This paper presents the conceptual design of a cooperative control with Energy Management System (EMS) and Distribution Management System (DMS). This control enables insufficient reactive power reserve in a power transmission system to be supplemented by surplus reactive power in a power distribution system on the basis of the amount of the needed reactive power reserve calculated by the EMS. This can be achieved, because increased numbers of microgrids with distributed energy resources will be installed in the distribution system. Furthermore, the DMS with smart control strategy by using surplus reactive power in the distribution system of the area has been gradually installed in the system as well. Therefore, a kind of hierarchical voltage control and cooperative control scheme could be considered for the effective use of energy resources. A quantitative index to evaluate the current reactive power reserve of the transmission system is also required. In the paper, the algorithm for the whole cooperative control system, including Area-Q Indicator (AQI) as the index for the current reactive power reserve of a voltage control area, is devised and presented. Finally, the performance of the proposed system is proven by several simulation studies.

• Journal of Electrical Engineering and Technology
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• 제6권1호
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• pp.25-31
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• 2011

The purpose of power system maintenance is to prevent equipment failure. The maintenance strategy should be designed to balance costs and benefits because frequent maintenance increases cost while infrequent maintenance can also be costly due to electricity outages. This paper proposes maintenance modeling of a power distribution system using reliability centered maintenance (RCM). The proposed method includes comprehensive equipment modeling and impact analysis to evaluate the effect of equipment faults. The problem of finding the optimum maintenance strategy is formulated in terms of dynamic programming. The applied power system is based on the RBTS Bus 2 model, and the results demonstrate the potential for designing a maintenance strategy using the proposed model.

• Journal of Power Electronics
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• 제18권5호
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• pp.1545-1554
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• 2018

This paper proposes a modified control strategy to improve the performance of three-phase four-leg shunt active power filters (APFs) for the compensation of three phase unbalanced loads. Unbalanced current cannot be obtained accurately by a harmonic detector due to the lower frequency. The proposed control strategy eliminates conventional harmonic detectors by directly regulating the source current. Therefore, the computational complexity is greatly reduced and the performance of the APF is improved. A mathematic model has been developed based on the source currents. The corresponding controllers have been designed based on the sinusoidal internal model principle. The proposed control strategy can guarantee excellent compensation performance and stable operation after an extreme disturbance such as a short circuit fault. In addition, the proposed technique can selectively compensate specific harmonics. A 50kVA prototype APF is implemented in the laboratory to validate the feasibility and performance of the proposed control strategy.

• 전기학회논문지
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• 제59권7호
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• pp.1226-1231
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• 2010

This paper looks at the influence of Financial Transmission Rights (FTRs) on the market value(Social Welfare; SW) in the competitive electricity market. The transmission line constraints make it difficult to compute the Nash Equilibrium (NE) due to causing a mixed strategy NE instead of a pure strategy NE. Computing a mixed strategy is more complicated in a multi-player game. The aim of this paper are to compute a mixed strategy NE and analyze SW in power transaction with FTRs. This paper introduces a formula and a technique for solving NE of multi-player game with FTRs. In addition, it analyzes the influence of holding of FTRs by generation company on SW and it proposes the SW at NE is influenced by Power Transfer Distribution Factor (PTDF) where holder of FTRs are located. The assertion is verified by calculating the mixed strategy utilizing the Cournot model widely used for studies on FTRs.

• 전력전자학회:학술대회논문집
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• 전력전자학회 2003년도 춘계전력전자학술대회 논문집(1)
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• pp.251-255
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• 2003

This paper proposes a novel UPQC(unified power quality conditioner) based on H-bridge modules, isolated through single-phase multi-winding transformers. The dynamic performance of proposed system was analyzed by simulation with EMTDC/PSCAD, assuming that the UPQC is connected with the 22.9kV distribution line. The proposed system can be directly connected to the transmission line without series injection transformers. It has flexibility in expanding the operation voltage by increasing the number of H-bridge modules and can compensate reactive power, harmonics, voltage sag and swell, voltage unbalance. The control strategy for the proposing UPQC was derived using the instantaneous power method. The proposing UPQC has the ultimate capability of improving power quality at the point of installation on power distribution systems and can be utilized for the future distribution system.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2004년도 하계학술대회 논문집 A
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• pp.381-383
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• 2004

This paper presents for service restoration Abstract -in electric power distribution systems. The aim of the service restoration is an emergency control in distribution system to restore out-of service areas as soon as possible when a fault occurs in distribution system. For this reason, this paper presents a new service restoration strategy for multi-outage areas. Proposed algorithm consists of two methods. One is individual restoration scheme, the other one is integrated restoration scheme. The former determines restoration order of outage areas based on restoration index. If the former method can not generate a feasible restoration plan, the latter would try to find new configuration without overloaded section through tie exchange method.

• 유통과학연구
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• 제13권9호
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• pp.37-45
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• 2015

Purpose - This paper's aim is to investigate whether or not gross profitability explains the cross-sectional variation of the stock returns in the Korean stock market. Gross profitability is an alternative profitability measure proposed by Novy-Marx in 2013 to predict cross-sectional variation of stock returns in the US. He shows that the gross profitability adds explanatory power to the Fama-French 3 factor model. Interestingly, gross profitability is negatively correlated with the book-to-market ratio. By confirming the gross profitability premium in the Korean stock market, we may provide some implications regarding the well-known value premium. In addition, our empirical results may provide opportunities for the fund distribution industry to promote brand new styles of funds. Research design, data, and methodology - For our empirical analysis, we collect monthly market prices of all the companies listed on the Korea Composite Stock Price Index (KOSPI) of the Korea Exchanges (KRX). Our sample period covers July1994 to December2014. The data from the company financial statementsare provided by the financial information company WISEfn. First, using Fama-Macbeth cross-sectional regression, we investigate the relation between gross profitability and stock return performance. For robustness in analyzing the performance of the gross profitability strategy, we consider value weighted portfolio returns as well as equally weighted portfolio returns. Next, using Fama-French 3 factor models, we examine whether or not the gross profitability strategy generates excess returns when firmsize and the book-to-market ratio are controlled. Finally, we analyze the effect of firm size and the book-to-market ratio on the gross profitability strategy. Results - First, through the Fama-MacBeth cross-sectional regression, we show that gross profitability has almost the same explanatory power as the book-to-market ratio in explaining the cross-sectional variation of the Korean stock market. Second, we find evidence that gross profitability is a statistically significant variable for explaining cross-sectional stock returns when the size and the value effect are controlled. Third, we show that gross profitability, which is positively correlated with stock returns and firm size, is negatively correlated with the book-to-market ratio. From the perspective of portfolio management, our results imply that since the gross profitability strategy is a distinctive growth strategy, value strategies can be improved by hedging with the gross profitability strategy. Conclusions - Our empirical results confirm the existence of a gross profitability premium in the Korean stock market. From the perspective of the fund distribution industry, the gross profitability portfolio is worthy of attention. Since the value strategy portfolio returns are negatively correlated with the gross profitability strategy portfolio returns, by mixing both portfolios, investors could be better off without additional risk. However, the profitable firms are dissimilar from the value firms (high book-to-market ratio firms); therefore, an alternative factor model including gross profitability may help us understand the economic implications of the well-known anomalies such as value premium, momentum, and low volatility. We reserve these topics for future research.

• Journal of Electrical Engineering and Technology
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• 제9권1호
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• pp.60-70
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• 2014

This paper discusses the impacts of large scale grid-connected wind farm equipped with permanent magnet synchronous generator (PMSG) on power system small signal stability (SSS) incorporating wind generation uncertainty and volatility. Firstly, a practical simplified PMSG model with rotor-flux-oriented control strategy applied is derived. In modeling PMSG generator side converter, the generator-voltage-oriented control strategy is utilized to implement the decoupled control of active and reactive power output. In modeling PMSG grid side converter, the grid-voltage-oriented control strategy is applied to realize the control of DC link voltage and the reactive power regulation. Based on the Weibull distribution of wind speed, the Monte Carlo simulation technique based is carried out on the IEEE 16-generator-68-bus test system as benchmark to study the impacts of wind generation uncertainty and volatility on small signal stability. Finally, some preliminary conclusions and comments are given.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2002년도 춘계학술대회 논문집 전기기기 및 에너지변환시스템부문
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• pp.225-227
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• 2002

In this paper, novel concept of a photovoltaic(PV) power generation system adding the function of active filter(AF) is proposed. Even PV power generation system can be treated to a harmonics source for the power distribution system, it is necessary that the function of AF system in grid connected PV power generation system. Active Filters intended for harmonic solutions are expending their functions from harmonic compensation of nonlinear loads into harmonic isolation between utilities and consumer, and harmonic damping throughout power distribution system. So, the PV system combined the function of AF system can be usefully applied in power distribution system. Here, the control strategy of PV-AF system is introduced.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 제36회 하계학술대회 논문집 B
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• pp.1687-1689
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• 2005

In this paper, novel concept of a photovoltaic(PV) power generation system adding the function of active filter(AF) is proposed. Even PV power generation system can be treated to a harmonics source for the power distribution system, it is necessary that the function of AF system in grid connected PV power generation system. Active Filters intended for harmonic solutions are expending their functions from harmonic compensation of nonlinear loads into harmonic isolation between utilities and consumer, and harmonic damping throughout power distribution system. So, the PV system combined the function of AF system can be usefully applied in power distribution system. Here, the control strategy of PV-AF system is introduced.