• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.29 no.7
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• pp.8-13
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• 2015

Recently, because a renewable power source must operate as a constant rate in accordance with RPS(Renewable Portfolio Standard), the study of the renewable power sources has been ongoing. Especially because of noise of wind turbine, troubleshooting, and urban greening business, research related with small wind turbine are underway. The economics and reliability are important parts for the activation of small wind turbine, such as solar energy. In this paper, by analyzing the temperature variations for each location and efficiency of power conversion devices in accordance with short period wind speed changes in simulation test, we reviewed the safety about temperature variations of wind generator and the method of selection of power converter.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.63-65
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• 2005

Korea Electric Power Corporation (KEPCO) is in charge of the operation and the maintenance for transmission lines and substations in Korean power system which is under the deregulation power market. KEPCO has a main constrain of transmission line toward SEOUL area which is a capital of KOREA because SEOIJL is a huge load of Korean power system. The Korea Electric Power Research Institute (KEPRI)), a division of KEPCO was tasked to study the ATC enhancement of transmission line toward SEOUL using a new line or/and FACTS. This paper summarizes the results of those studies, enhancing the ATC and evaluating the economics.

• Proceedings of the Korea Society for Energy Engineering kosee Conference
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• 2003.05a
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• pp.415-423
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• 2003

Korea Electric Power Research Institute(KEPRI) had worked a comprehensive Plant Lifetime Management (PLiM) project for a CANDU plant in corporation with Korea Hydro and Nuclear Power(KHNP). The project had been performed to understand the aging status of major components screened from the plant and to address provisions for the continued operation over its design life. A feasibility of the continued operation was reviewed in the aspects of technology, economics, and regulatory environments. This paper introduces general approach of aging assessment, screening of critical components and an experience of aging assessment for an example of fuel channel that is the most critical component in CANDU plant.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.229-239
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• 2020

This paper examines the impact of gender on access to debt finance among Vietnamese enterprises. The paper investigates data and variables retrieved from the World Bank Enterprise Survey dataset using five Probit models. The regression results suggest that there exist more unfavourable debt financing conditions for women-led firms (WLF), measured as a lower probability of having loan applications fully approved. Firm's age, working sector, and perception of access to finance as a difficulty are found to have explanatory power on the discrimination. More importantly, the perception of debt finance as a difficulty or firms' level of confidence significantly explains the variance of the dependent variable of probability of loan approval, or gender effect would be more pronounced if the firm already has a low level of confidence. The paper also contributes in testing for the gender effect on Vietnamese enterprises from different sectors and scale, unlike other prior research papers focusing on specific sectors and/or small and medium enterprises only. The findings are highly useful for Vietnamese credit institutions to set out a specific business policy to attract more WLFs and help promoting gender equality in the working environment, especially in debt financing, which is often neglected in existing regulation and policy frameworks.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.10
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• pp.189-200
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• 2022

The gig economy offers many advantages, such as flexibility, variety, independence, and lower cost. However, there are also safety concerns, lack of regulations, uncertainty, and unsatisfactory services, causing people to voice their opinion on social media. This paper aims to explore the sentiments of consumers concerning gig economy services (Grab, Foodpanda and Airbnb) through the analysis of social media. First, Vader Lexicon was used to classify the comments into positive, negative, and neutral sentiments. Then, the comments were further classified into three machine learning algorithms: Support Vector Machine, Light Gradient Boosted Machine, and Logistic Regression. Results suggested that gig economy services in Malaysia received more positive sentiments (52%) than negative sentiments (19%) and neutral sentiments (29%). Based on the three algorithms used in this research, LGBM has been the best model with the highest accuracy of 85%, while SVM has 84% and LR 82%. The results of this study proved the power of text mining and sentiment analysis in extracting business value and providing insight to businesses. Additionally, it aids gig managers and service providers in understanding clients' sentiments about their goods and services and making necessary adjustments to optimize satisfaction.

• Environmental and Resource Economics Review
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• v.17 no.2
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• pp.419-455
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• 2008

This paper analyses the Night Thermal-storage Power Service(NTPS) from the perspective of sustainability. It investigates the economic, environmental and social aspects of NTPS, thereby reveals that NTPS triggers the inefficient use of fuel, the increase of carbon dioxide emission and the increase of cross subsidy between consumers. This paper also analyses NTPS from the perspective of energy security. It investigates how NTPS makes LNG demand volatile in winter, thus threatens our energy security. According to the analysis, NTPS directly violates two basic principles of national energy policy; Sustainability and Energy Security. To solve these problems, not only the harmonized adjustment of Heating Oil Tax and Electric Power Rates is needed to curb the rapier increase of NTPS, but also another separate policy is necessary for converting the electric heating system based on NTPS into the one based on Heating Oil.

• The KSFM Journal of Fluid Machinery
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• v.20 no.1
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• pp.41-47
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• 2017

This study aimed to analyze organic Rankine cycle(ORC) which recovers discarded heat from a gas turbine based combined cycle cogeneration(CC-cogen) plant in terms of both performance and economics. The nominal electric power of the CC-cogen plant is around $120MW_e$, and heat for district heating is $153MW_{th}$. The major purpose of this study is to compare various options in selecting heat source of the ORC. Three heat sources were compared. Case 1 uses the exhaust gas from the HRSG, which is purely wasted to environment in normal plant operation without ORC. Case 2 also uses the exhaust gas from the HRSG. On the other hand, in this case, the DH economizer, which is located at the end of the HRSG, does not operate. Case 3 generates power using some of the district heating water which is supplied to consumers. The estimated ORC power generation ranges between 0.3 to 2.3% of the power generation capacity of the CC-cogen plant. Overall, Case 3 is evaluated to be better than other two options in terms of system design flexibility and power generation capacity.

• Environmental and Resource Economics Review
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• v.29 no.4
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• pp.443-468
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• 2020

Broad effects of fuel-transition in all type of ground transportation have occurred with the help of the advances in electric vehicle (EV) technologies and the increases in EV supply. This research estimates the economic benefit of air environmental improvements, which results from the fuel-transition of high-mileage business cars(taxies) in metropolis. If we consider power production sector for EV operation, some air pollutants will be produced. In this respect, this research takes both the mixture of power sources in power production level and the driving pattern of business cars into account when investigating the economic benefit in air environment resulted from the fuel-transition of business cars(taxies). According to our results, the business cars' fuel transition from LPG to electricity brings about 21.5￦/km (8.6million won/year) of economic benefit in air environment. These results emphasize the necessity and appropriateness of public polices for expanding power production with renewable energies and facilitating EV distribution.

• The Journal of Fisheries Business Administration
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• v.52 no.4
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• pp.13-28
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• 2021

The purpose of this study is to compare short-term price predictive power among ARMA ARMAX and VAR forecasting models based on the MDM test using monthly consumer price data of frozen mackerel. This study also aims to help policymakers and economic actors make reasonable choices in the market on monthly consumer price of frozen mackerel. To analyze this study, the frozen wholesale prices and new consumer prices were used as variables while the price time series data were used from December 2013 to July 2021. Through the unit root test, it was confirmed that the time series variables employed in the models were stable while the level variables were used for analysis. As a result of conducting information standards and Granger causality tests, it was found that the wholesale prices and fresh consumer prices from the previous month have affected the frozen consumer prices. Then, the model with the highest predictive power was selected by RMSE, RMSPE, MAE, MAPE, and Theil's inequality coefficient criteria where the predictive power was compared by the MDM test in order to examine which model is superior. As a result of the analysis, ARMAX(1,1) with the frozen wholesale, ARMAX(1,1) with the fresh consumer model and VAR model were selected. Through the five criteria and MDM tests, the VAR model was selected as the superior model in predicting the monthly consumer price of frozen mackerel.

• Journal of Electrical Engineering and Technology
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• v.2 no.1
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• pp.1-9
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• 2007

This paper presents the effects of an increase or a decrease of a power reserve by load flow calculations under the seasonal load patterns of each country for the future power shortages faced by the metropolitan areas or by the southeastern area of South Korea in North-East Asia. In this paper, the various cases of the power system interconnections in Far-East Asia are presented, and the resulting interconnected power systems are simulated by means of a power flow analysis performed with the PSS/E 28 version tool. Data for simulation were obtained from the 2-th long term plan of electricity supply and demand in KEPCO. The power flow map is drawn from simulated data and the comparative study is done. In the future, a power flow analysis will be considered to reflect the effects of seasonal power exchanges. And the plan of assumed scenarios will be considered with maximum or minimum power exchanges during summer or winter in North-East Asian countries.