• Korean Management Science Review
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• v.31 no.1
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• pp.49-61
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• 2014

We investigate the hedging effectiveness of incorporating single-stock futures into the corresponding stocks. Investing in only stocks frequently causes too much risk when market volatility suddenly rises. We found that single-stock futures help reduce the variance and risk levels of the corresponding stocks invested. We use daily prices of Korean stocks and their corresponding futures for the time period from December 2009 to August 2013 to test the hedging effect. We also use system trading technique that uses automatic trading program which also has several simulation functions. Moving average strategy, Stochastic's strategy, Larry William's %R strategy have been considered for hedging strategy of the futures. Hedging effectiveness of each strategy was analyzed by percent reduction in the variance between the hedged and the unhedged variance. The results clearly showed that examined hedging strategies reduce price volatility risk compared to unhedged portfolio.

• ETRI Journal
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• v.32 no.3
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• pp.447-456
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• 2010

Asymmetric regulation as applied to mobile termination rates refers to regulatory arrangements in which different mobile operators charge different termination rates, even though the services provided are essentially identical. The asymmetric regulation has been frequently used as a regulatory tool to support new entrants to a mobile market. This paper examines the economic effects of asymmetric regulation of mobile termination rates using a theoretical model and its simulation. The result shows that when there is no noticeable difference in brand loyalty between mobile operators with the high degree of substitutability between services provided by mobile operators, and the costs of new entrants are low, a reduction in the asymmetry of mobile access prices results in an enhancement of consumer welfare. These findings provide positive evidence for the argument that in certain situations asymmetric pricing of mobile access services may be counterproductive for consumer welfare.

• The Transactions of the Korean Institute of Power Electronics
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• v.22 no.5
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• pp.373-381
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• 2017

The electric vehicle market has increased rapidly in recent years. Established global automakers have announced that electric cars will be developed and distributed. Furthermore, current electric cars are not merely breezes, instead, they are the mainstream of automobiles. However, high prices, short mileage, and long charge times are the main obstacles to the spread of electric vehicles. To solve these problems, the competition for technology development for the expansion of electric vehicles worldwide intensifies because of the improvements in mileage, price reduction, and expansion of charging infrastructure. In this paper, the trends in the development of key technologies for electric vehicles in overseas markets and the present strategic goals for the development of key technologies for electric vehicles in Korea will be identified.

• Proceedings of the KIEE Conference
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• summer
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• pp.1040-1042
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• 2004

For past decade, medium voltage circuit breakers have used the spring-driven mechanical system for interrupting of electric power. However, these mechanisms have many disadvantages of high power consumption, mechanical control components and electrical switching ones for the coil current. Recently, the vacuum interrupter operated by permanent magnet actuator gives outlook on improved characteristic, higher reliability and cost price reduction as well as the feature of simple structure and few components. This paper deals with the dynamic characteristics of permanent magnet actuator used in the medium voltage distribution systems. Coupled finite element method is used to analysis the dynamic characteristics of permanent magnetic actuator and we compared with those of conventional ones

• The Transactions of The Korean Institute of Electrical Engineers
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• v.66 no.1
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• pp.23-26
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• 2017

Social Welfare is useful concept for evaluating the effectiveness of an economic policy in micro economics. This paper focuses on Social Welfare(SW) of electricity market incorporating demand response(DR). Competition between DR and generation company is modeled as a simple bid function. DR function can be considered as an negative generation(called Negawatt) and as an element of modified demand function. These two approaches result in the same demand reduction, generation power, and the market price. However, SW in the modified demand function approach is not identical to SW in the Negawatt approach. It makes the numerical index of DR effectiveness less persuasive. This paper proposes modified definition of SW in the demand function approach. The proposed definition of SW leads the DR effectiveness index to be identical to that in the Negawatt approach.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.7
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• pp.1128-1134
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• 2016

Demand response provides customer load reductions based on high market prices or system reliability conditions. One type of demand response, price-based program, induces customers to respond to changes in product rates. However, there are large-scale general and industrial customers that have difficulty changing their energy consumption patterns, even with rate changes, due to their electricity demands being commercial and industrial. This study proposes an in-house pricing model for large-scale general and industrial customers, particularly those with multiple business facilities, for self-regulating demand-side management and cost reduction. The in-house pricing model charges higher rates to customers with lower load factors by employing peak to off-peak ratios in order to reduce maximum demand at each facility. The proposed scheme has been applied to real world and its benefits are demonstrated through an example.

• Proceedings of the KIEE Conference
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• 2005.10c
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• pp.334-336
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• 2005

This paper proposes a simple MPPT control scheme of a Current- Control-Loop Error system Based that can be obtains a lot of advantage to compare with another digital control method, P&O and IncCond algorithm, that is applied mostly a PV system. An existent method is needed an expensive processor such as DSP that calculated to change the measure power of a using current and voltage sensor at the once. But, a proposed method is easy to solve the cost reduction and power unbalance problems that it is used by control scheme to limit error of a current control of common sensor. This proposed algorithm had verified through a simulation and an experiment on battery charger using PIC that is the microprocessor of a low price.

• Journal of the Korean Society of Mechanical Technology
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• v.13 no.1
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• pp.89-94
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• 2011

The swivel joint is an important part in hydraulic machine. The analysis on the material was made using the EDAX method to localize the swivel joint. Also, the modeling and design drawing were finalized with application of 3 dimensional measurement and structure analysis. The prototype product based on design drawing was made with cutting and grinding process. No abnormalities were found in the prototype product through the durability test and measurement. The localized swivel joint with light weight, price reduction and diversification was developed in this study.

• International journal of advanced smart convergence
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• v.8 no.1
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• pp.58-64
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• 2019

In recent years, small mobile devices called personal mobility or smart mobility have attracted attention. Personal mobility refers to electric-driven personal transportation that can travel at close range and medium distance, including small electric vehicles, electric bicycles, electric motorcycles and electric scooters. Most of the electric scooters used in Korea are mainly imported from China. This is due to the fact that the price competitiveness of major components of electric scooters is owned in China. At this point, the domestic research direction is preferable for the composition and design of the electric scooter body rather than cost reduction for the components. In this study, we propose a new model of portable folding structure that is easy to use for electric scooters, which are personal vehicles using electric energy. We also made a prototype for practical use.

• Nuclear Engineering and Technology
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• v.54 no.5
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• pp.1902-1908
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• 2022

In many of the complex systems modeled in the field of nuclear engineering, it is often useful to use linear regression-based analyses to analyze relationships between model parameters and responses of interests. In cases where the response of interest is calculated by a simulation which uses Monte Carlo methods, there will be some uncertainty in the responses. Further, the reduction of this uncertainty increases the time necessary to run each calculation. This paper presents some discussion on how the Monte Carlo error in the response of interest influences the error in computed linear regression coefficients. A mathematical justification is given that shows that when performing linear regression in these scenarios, the error in regression coefficients can be largely independent of the Monte Carlo error in each individual calculation. This condition is only true if the total number of calculations are scaled to have a constant total time, or amount of work, for all calculations. An application with a simple pin cell model is used to demonstrate these observations in a practical problem.