• Title/Summary/Keyword: Power economics

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An Empirical Study on the Influence of Hypersensitiveness in Accident Reports and Usefulness on Receptiveness of Atomic Power Generation

  • Rho, Hyung-Jin
    • Journal of the Korea Society of Computer and Information
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    • v.21 no.4
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    • pp.115-121
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    • 2016
  • The purpose of this paper is to study the influence of hypersensitiveness in accident reports and usefulness on admission of atomic power generation. By the result of study we can look forward to understanding obstacles and promotion factors in constructing atomic power plants. The results of hypothesis testing can be summarized as follows: First, the hypothesis that hypersensitiveness in accident reports has a plus effect on reliability is accepted. Secondly, the hypothesis that hypersensitiveness in accident reports has a plus effect on anxiety is accepted. Thirdly, the hypothesis that reliability has a plus effect on anxiety is accepted. Fourthly, the hypothesis that reliability has a minus effect on receptiveness is accepted. Fifthly, the hypothesis that anxiety has a minus effect on receptiveness is accepted. Sixthly, the hypothesis that usefulness has a minus effect on necessity is accepted. Seventhly, the hypothesis that usefulness has a plus effect on receptiveness is rejected. Eighthly, the hypothesis that necessity has a minus effect on receptiveness is accepted.

Load Forecasting for Holidays Using a Fuzzy Least Squares Linear Regression Algorithm (퍼지 최소 자승 선형회귀분석 알고리즘을 이용한 특수일 전력수요예측)

  • Song Kyung-Bin;Ku Bon-Suk;Baek Young-Sik
    • The Transactions of the Korean Institute of Electrical Engineers D
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    • v.52 no.4
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    • pp.233-237
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    • 2003
  • An accurate load forecasting is essential for economics and stability power system operation. Due to high relationship between the electric power load and the electric power price, the participants of the competitive power market are very interested in load forecasting. The percentage errors of load forecasting for holidays is relatively large. In order to improve the accuarcy of load forecasting for holidays, this paper proposed load forecasting method for holidays using a fuzzy least squares linear regression algorithm. The proposed algorithm is tested for load forecasting for holidays in 1996, 1997, and 2000. The test results show that the proposed algorithm is better than the algorithm using fuzzy linear regression.

Design of Hand and Foot Radiation Contamination Monitor in Nuclear Power Plant (원자력 발전소 손발오염 검사장비 설계)

  • Park, Jong-Beom;Yoon, Gi-Gab;Kim, Jung-Seon;Sohn, Chang-Ho
    • Proceedings of the KIEE Conference
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    • 2000.07d
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    • pp.2828-2830
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    • 2000
  • When changing old parts of the System or establishing new system of the Nuclear power plane it's contribution that given effective economics and learning radiation detector and protect contamination for human, It will be contributed to minimizing pollution of employee for radioactivity as spread of supply with the products in cheaper price then foreign products in new or existing N.P.P.

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Study on Certification Policy for Stabilization of Photovoltaic Industry - A Case Study of PV Power Plant O&M - (태양광발전소 O&M 관리를 통한 발전성능 향상 방안)

  • Ahn, Hyewon;Cho, Yongsung
    • Journal of Climate Change Research
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    • v.6 no.2
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    • pp.105-111
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    • 2015
  • With PV market extension, Operation & Maintenance (O&M) went on the floor as an effective method so solve the reduction phenomenon of Performance Ratio (PR) of PV power plant and as a new business model of photovoltaic industry. This study chose institutionalization of O&M to vitalize domestic photovoltaic industry improving level of photovoltaic technology and dominate the market in advance. The result of analyzing advanced researches and domestic cases indicates that O&M is essential of operating PV power plant, therefore, now is the time for a systematic approach to establish O&M policy.

A Study on Privacy Paradox from the Behavioral Economics Perspective (행동경제학 관점에서 프라이버시 역설에 관한 연구)

  • Kim, Jongki;Kim, Sanghee
    • Informatization Policy
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    • v.22 no.3
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    • pp.16-35
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    • 2015
  • Recently, several studies in the field of privacy research suggested counterintuitive phenomenon about previous studies on existing perspectives. They claim that consistency of attitude and behavior does not exist, which is called privacy paradox. This study aims to clarify the relationship between intention to information disclosure and actual behavior based on the privacy paradox perspective. It attempts to explain the causes of privacy paradox phenomenon through the dual process theory being discussed in the field of behavioral economics. The results of empirical analysis are as follows. First, paired t-test analysis between intention to information disclosure and actual behavior was statistically significant. This means the existence of privacy paradox. Second, privacy risk had significant explanatory power to behavioral intention, and privacy trust had significant explanatory power to actual behavior. In conclusion, this study shows that negative belief influences decision making situation controlled by rational thinking whereas positive belief influences actual situations controlled by intuitive thinking.

Testing for Nonlinear Threshold Cointegration in the Monetary Model of Exchange Rates with a Century of Data (화폐모형에 의한 환율 결정 이론의 비선형 문턱 공적분 검정: 100년간 자료를 중심으로)

  • Lee, Junsoo;Strazicich, Mark C.
    • KDI Journal of Economic Policy
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    • v.31 no.2
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    • pp.1-13
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    • 2009
  • The monetary model suggests that nominal exchange rates between two countries will be determined by important macroeconomic variables. The existence of a cointegrating relationship among these fundamental variables is the backbone of the monetary model. In a recent paper, Rapach and Wohar (2002, Journal of International Economics) advance the literature by testing for linear cointegration in the monetary model using a century of data to increase power. They find evidence of cointegration in five or six of ten countries. We extend their work to the nonlinear framework by performing threshold cointegration tests that allow for asymmetric adjustments in two regimes. Asymmetric adjustments in exchange rates can occur, for example, if transactions costs are present or if policy makers react asymmetrically to changing fundamentals. Moreover, whereas Rapach and Wohar (2002) found it necessary to exclude the relative output variable in some cases to maintain the validity of their cointegration tests, we can include this variable as a stationary covariate to increase power. Overall, using their same long-span data, we find more support for cointegration in a nonlinear framework.

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Environmental Policy and the Political Economy of Energy Subsidies (환경정책과 에너지보조금의 정치경제)

  • Lee, Soo-Cheol;Lee, Myunghun
    • Environmental and Resource Economics Review
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    • v.27 no.4
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    • pp.725-743
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    • 2018
  • Industrial groups (representing the polluters) and environmental non-governmental organizations (representing the victims) respond differently to various environmental policy instruments. As the affected group's power is large either politically or economically, it is unlikely that a single instrument will be actually selected despite being effective or efficient because of the high political costs associated with it. In this paper, we focus on the political role that energy subsidies play in creating a compromise between energy consuming polluters and victims of pollution. The use of a Dolbear (1967)'s triangle Edgeworth box model makes it possible to examine how policy selection affects the income distribution and welfare levels of two groups. The effects of a single policy instrument of either direct regulation or tax are compared with those of a policy mix that includes energy subsidies. We found that the addition of energy subsidies would increase the chance of compromise between polluters and victims.

What determines the Electricity Price Volatility in Korea? (전력계통한계가격 변동성 결정요인 분석: 베이지안 변수선택 방법)

  • Lee, Seojin;Kim, Young Min
    • Environmental and Resource Economics Review
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    • v.31 no.3
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    • pp.393-417
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    • 2022
  • Using hourly SMP data from 2016 to 2020, this paper measures the weekly realized volatility and investigates the main force of its determinants. To this end, we extend the Bayesian variable selection by incorporating the regime-switching model which identifies important variables among a large number of predictors by regimes. We find that the increase in coal and nuclear generation, as well as solar power, reinforce the SMP volatility in both high volatility and low volatility regime. In contrast the increase in gas generation and gas price decrease SMP volatility when SMP volatility is high. These results suggest that the expansion of renewable energy according to 2050 Carbon Neutrality or energy transition policies increases SMP volatility but the increase in the gas generation or reduction of coal generation might offset its impact.

Allocating CO2 Emission by Sector: A Claims Problem Approach (Claims problem을 활용한 부문별 온실가스 감축목표 분석)

  • Yunji Her
    • Environmental and Resource Economics Review
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    • v.31 no.4
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    • pp.733-753
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    • 2022
  • Korean government established the Nationally Determined Contribution (NDC) in 2015. After revising in 2019, the government updated an enhanced target at the end of last year. When the NDC is addressed, the emission targets of each sector, such as power generation, industry, and buildings, are also set. This paper analyzes the emission target of each sector by applying a claims problem or bankruptcy problem developed from cooperative game theory. The five allocation rules from a claims problem are introduced and the properties of each rule are considered axiomatically. This study applies the five rules on allocating carbon emission by sector under the NDC target and compares the results with the announced government target. For the power generation sector, the government target is set lower than the emissions allocated by the five rules. On the other hand, the government target for the industry sector is higher than the results of the five rules. In other sectors, the government's targets are similar to the results of the rule that allocates emissions in proportion to each claim.

Evaluating Economic Feasibility of Solar Power Generation Under the RPS System Using the Real Option Pricing Method: Comparison Between Regulated and Non-regulated Power Providers (실물옵션을 활용한 RPS 실시에 따른 태양광 발전의 경제성 평가: 공급의무 발전사와 일반 발전사와의 비교)

  • Kim, Eun-Man;Kim, Myung-Soo
    • Journal of the Korean Institute of Electrical and Electronic Material Engineers
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    • v.26 no.9
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    • pp.690-700
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    • 2013
  • This study reviewed how the changes of the government policy on solar power generation projects affected the annual mandatory quotas of the regulated power providers under the RPS (renewable portfolio standard) system and analysed economic feasibility of the investment for meeting their quotas as compared to the case of non-regulated power providers. The analysis results showed that under the discount rate of 7.5%, which was used for the annual national electricity plans for the recent years, both the regulated and non-regulated power providers achieved economic feasibility under both the NPV (net present value) method and the real option pricing method. It was also shown that higher profitability was attained by non-regulated power providers than by their regulated counterparts, which can be attributable to the fact that regulated providers are required to out-source 50% of the total quota. The results of this study are considered to be useful for establishing a meaningful mid term or long term strategy for the future of solar power generation linked to the current RPS system.