• Title/Summary/Keyword: Power economics

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A Comparative Study on NIMBY to Nuclear Power Plants (원자력발전소에 대한 님비의 정량적 측정과 비교)

  • Won, DooHwan
    • Environmental and Resource Economics Review
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    • v.28 no.4
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    • pp.557-581
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    • 2019
  • This study tries to quantify the regional NIMBY costs to nuclear power plants. NIMBY costs are estimated as willingness to pays for avoiding nuclear power plants near residential areas through the contingent valuation method(CVM). In the study, it was assumed that the nuclear power plants were newly constructed around the residences. The result of 600 respondents living within a radius of 30 km of nuclear power plants compared to the result of 600 respondents living in the metropolitan area, which revealed that there were significant NIMBY costs to the construction of nuclear power plants in all residences. By region, the willingness to pay in the metropolitan area was greater than that in the nuclear power areas. This study focuses on NIMBY to nuclear power plants from a regional point of view, which can provide important information in establishing prudent and sound nuclear power policies.

Analysis of Changes in Power Generation of Each Power Generation Company by the Fine-Dust Seasonal Management System (미세먼지 계절관리제로 인한 발전사별 전력생산량 변화 분석)

  • Kim, Bu-Kwon;Won, Doo Hwan
    • Environmental and Resource Economics Review
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    • v.30 no.4
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    • pp.627-648
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    • 2021
  • The fine-dust season management system refers to the policy of implementing enhanced reduction measures in transportation, power, business and living sectors in winter, when fine dust levels are high. The fine dust season management system is a regulatory policy that causes social costs and transfers to various economic players. Equity is an important issue for the cost burden. Therefore, in this study, the cost of each power generator was analyzed using the coal power generation reduction amount of each power generator to verify that the cost of the power sector is evenly distributed. In particular, the effect of the fine dust season management system on coal power generation of power generators was analyzed by applying a synthetic control method that can identify the time-variable effect of the policy. It was confirmed that the fine dust season management system reduced volume of fuel and power generation in coal power plants, resulting in an increase in the cost of the power generation sector, even considering the effect of some power demand due to the COVID-19 crisis. However, it could be seen that these costs were not distributed equally among the generators, and that they were more costly to the specific generators.Social costs incurred by fine dust season management need to be improved so that stakeholders are equally burdened.

Influencing factors and prediction of carbon dioxide emissions using factor analysis and optimized least squares support vector machine

  • Wei, Siwei;Wang, Ting;Li, Yanbin
    • Environmental Engineering Research
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    • v.22 no.2
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    • pp.175-185
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    • 2017
  • As the energy and environmental problems are increasingly severe, researches about carbon dioxide emissions has aroused widespread concern. The accurate prediction of carbon dioxide emissions is essential for carbon emissions controlling. In this paper, we analyze the relationship between carbon dioxide emissions and influencing factors in a comprehensive way through correlation analysis and regression analysis, achieving the effective screening of key factors from 16 preliminary selected factors including GDP, total population, total energy consumption, power generation, steel production coal consumption, private owned automobile quantity, etc. Then fruit fly algorithm is used to optimize the parameters of least squares support vector machine. And the optimized model is used for prediction, overcoming the blindness of parameter selection in least squares support vector machine and maximizing the training speed and global searching ability accordingly. The results show that the prediction accuracy of carbon dioxide emissions is improved effectively. Besides, we conclude economic and environmental policy implications on the basis of analysis and calculation.

Wind Attribute Time Series Modeling & Forecasting in IRAN

  • Ghorbani, Fahimeh;Raissi, Sadigh;Rafei, Meysam
    • East Asian Journal of Business Economics (EAJBE)
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    • v.3 no.3
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    • pp.14-26
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    • 2015
  • A wind speed forecast is a crucial and sophisticated task in a wind farm for planning turbines and corresponds to an estimate of the expected production of one or more wind turbines in the near future. By production is often meant available power for wind farm considered (with units KW or MW depending on both the wind speed and direction. Such forecasts can also be expressed in terms of energy, by integrating power production over each time interval. In this study, we technically focused on mathematical modeling of wind speed and direction forecast based on locally data set gathered from Aghdasiyeh station in Tehran. The methodology is set on using most common techniques derived from literature review. Hence we applied the most sophisticated forecasting methods to embed seasonality, trend, and irregular pattern for wind speed as an angular variables. Through this research, we carried out the most common techniques such as the Box and Jenkins family, VARMA, the component method, the Weibull function and the Fourier series. Finally, the best fit for each forecasting method validated statistically based on white noise properties and the final comparisons using residual standard errors and mean absolute deviation from real data.

Linking Intrinsic Motivation to Employee Creativity: The Role of Empowering Leadership

  • VU, Ngan Hoang;NGUYEN, Tung Thanh;NGUYEN, Hanh Thi Hai
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.595-604
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    • 2021
  • This research aimed to explore the relationship between the challenge and enjoyment dimensions of intrinsic motivation and employee creativity at an individual level. Besides, the study focused on investigating the moderating role of empowering leadership in promoting employee creativity at work. In particular, in the context of Vietnam's electricity industry, the power generation stage faces significant challenges, forcing to innovate and restructure strongly to respond flexibly to the requirements of the electricity market development in Vietnam as well as gradually integrate with other countries in Southeast Asia. The authors used structural equations modeling (SEM) combined with Hayes' moderator variable analysis method (2017) based on primary data. The data included 550 questionnaires from technicians, engineers, and experts directly involved in the operation and production of 36 power generation businesses Vietnam. The results showed the relationship between the enjoyment dimension of intrinsic motivation and employee creativity is not statistically significant, which partly explains the instability of the link between intrinsic motivation and employee creativity. Meanwhile, the challenge dimension is positively associated with employee creativity, but this relationship is more robust in empowering leadership. The study also indicated the challenge dimension of intrinsic motivation is an important predictor of employee creativity.

Analysis for External Cost of Nuclear Power Focusing on Additional Safety and Accident Risk Costs (추가안전대책비용, 사고위험대응비용의 외부비용을 반영한 원전비용 추정 연구)

  • Kim, Yoon Kyung;Cho, Sung-Jin
    • Environmental and Resource Economics Review
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    • v.22 no.2
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    • pp.367-391
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    • 2013
  • After the Fukushima nuclear accident, the external costs of generating electricity from nuclear power plants such as additional safety compliance costs and possible accident risk action costs have gained increasing attention from the public, policy-makers and politicians. Consequently, estimates of the external costs of nuclear power are very deliberate issue that is at the center of the controversy in Korea. In this paper, we try to calculate the external costs associated with the safety of the nuclear power plants, particularly focusing on additional safety compliance costs and possible accident risk action costs. To estimate the possible accident risk action costs, we adopt the damages expectation approach that is very similar way from the external cost calculation of Japanese government after the Fukushima accident. In addition, to estimate additional safety compliance costs, we apply the levelized cost of generation method. Furthermore, we perform the sensitivity analysis to examine how much these social costs increase the electricity price rate. Estimation results of the additional security measure cost is 0.53Won/kWh ~ 0.80Won/kWh depending on the capacity factor, giving little change on the nuclear power generation cost. The estimates of possible accident risk action costs could be in the wide range depending on the different damages of the nuclear power accident, probability of the severe nuclear power accident and the capacity factor. The preliminary results show that it is 0.0025Won/kWh ~ 26.4188Won/kWh. After including those two external costs on the generation cost of a nuclear power plant, increasing rate of electricity price is 0.001%~10.0563% under the capacity factor from 70% to 90%. This paper tries to examine the external costs of nuclear power plants, so as to include it into the generation cost and the electricity price. This paper suggests one of the methodologies that we might internalize the nuclear power generations' external cost, including it into the internal generation cost.

University Students' Economic Distress and Coping Behavior in Meal Management (대학생의 경제적 불안과 식생활 대처행동)

  • 서정희;홍순명
    • Journal of the Korean Home Economics Association
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    • v.38 no.1
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    • pp.39-49
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    • 2000
  • This research investigated the effect of socio-economic variables and economic distress variables on the university students' coping behavior in meal management. The data used in this research included 544 university students in Ulsan Areas. The independent explanatory power of socio-economic variables was larger than economic distress variables. But the explanatory power was increased in the regression analysis model that was included both the socio-economic variables and the economic distress variables. The influencing variables that effected the level of coping behavior in meal management were the amount of discretionary expenditure, gender, status of housing, employment distress and income distress.

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A Study of Relationship between Memory Variable and Cognitive Development in Children (아동의 인지발달과 기억변인과의 관계 연구)

  • 명정옥
    • Journal of the Korean Home Economics Association
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    • v.25 no.1
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    • pp.121-127
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    • 1987
  • The purpose of this study was to investigate the importance of mental capacity and to see whether it can be a barometer to predict childrne's cognitive development. The instruments used were Pictoral Test of Intelligence to select homogeneous samples, Cucui Scale for their M-power and Conservation Test. The results showed that M-power develops as age increases, and it can be a strong variable to predict their cognitive development. It has been demonstrated that capacity increases developmentally but whether this reflects changes in capacity perse, or in the efficient use of that capacity is a debatable issue. More study needs to be repeated for this matter.

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Cultural Factors Affecting Tendency of Ethical Decision-Making by Accounting Students: An Empirical Study in Vietnam

  • DOAN, Nga Thanh;TA, Trang Thu;CHU, Ha Thi Thanh;LE, Anh Thi Quynh;LE, May Thi;PHAM, Tuan Hoang;VUONG, Thao Thu
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.159-168
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    • 2022
  • The purpose of this study is to look at the precise direction and magnitude of cultural elements such as education, gender, power distance, and risk-taking proclivity on ethical decision-making. Data was collected from 194 interviewees in three groups: general business students, accounting major students, and professional auditors in Vietnam. The path analysis is used to test the impact of cultural factors on ethical awareness, ethical judgment, and ethical intention in different dubious scenarios at the personal level as independent variables, intermediate variables, and moderating variables. The metric is the percentage of respondents who believe a particular behavior is unethical based on a set of ethical principles. The researchers used SPSS AMOS software to conduct a confirmatory factor survey to evaluate the convergent and discriminant validity of latent variables. The results show differences between the two groups of students and professionals on these measures, suggesting that all of the four factors have an effect on ethical decision-making. Based on research results, some recommendations are proposed related to the four factors to improve the ethics of future generations of auditors in Vietnam. This study also contributes to the theory of culture in particular and cultural interference in general in the field of accounting-auditing in Vietnam in the process of international integration.

Economics Analysis of Photovoltaic Power Generation Linked with Green Roof in Consideration of Seoul Solar Map-based RPS (서울시 햇빛지도 기반의 RPS제도를 고려한 옥상녹화 연계 태양광발전 시스템의 경제성 분석)

  • Kim, Tae-Han;Lee, So-Dam;Park, Jeong-Hyeon
    • KIEAE Journal
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    • v.17 no.1
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    • pp.77-82
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    • 2017
  • In power supply systems for urban areas, issues such as a progressive tax have escalated recently. In this regard, photovoltaic power generation, which is appraised as an alternative power generation system, is drawing attention increasingly for its high stability and applicability to existing infrastructure. This study assessed the realistic feasibility of photovoltaic power generation and also analyzed the economic benefits expected when it is linked with green roof, which is likely to promote ecological functions in urban areas, based on the Seoul solar map, RPS, and actual monitoring data. The economics analysis of 30kW photovoltaic power generation applied with the monthly average horizontal solar radiation of six grades in the Seoul solar map showed that positive NPV was up to grade 4, while grade 5 or poorer showed negative NPV and indicated that it is difficult to assure appropriate feasibility. Compared with non-afforestation, when green roof was applied, monthly average power improvement efficiency was 7.2% at highest and 3.7% at lowest based on yearly actual monitoring data. The annual average was 5.3%, and the efficiency was high relatively in summer, including September and November. As for the economic benefits expected when 30kw photovoltaic power generation is combined with green roof based on the average horizontal solar radiation of grade 1 in the Seoul solar map, SP has improved 0.2 years to 7.4 years, and EP has improved 0.5 years to 8.3 years.