• Proceedings of the Korean Society for Technology of Plasticity Conference
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• 1999.03b
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• pp.199-202
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• 1999

Many processing times for fabricating complex shaped parts by near net shape process such as thixoforming or semi-solid forming, are required due to the time for die design, induction heating and forming process. Therefore, for the thixoforming process, multi-capacity induction heating process is very important due to the reduction of the processing time and cost. It is indispensable to adopt a power-time heating pattern which manages to conciliate complete eutectic melting at the core with limited overheating at the periphery. The total reheating time is thus dependent on billet diameter; in inches$(pm20%)$. Typically, high frequency is used for the rapid reheating of the billet to the eutectic temperature range and low frequency for the remelting of the desired fraction of liquid and for the radial homogeneization of the liquid fraction. So in this study, the multi-capacity induction heating conditions of ALTHIX 86s alloy to reduce the processing time and cost would be proposed. The suitability of multi-capacity induction heating conditions would be verified through the comparison to Garat's data.

• Land and Housing Review
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• v.11 no.2
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• pp.87-94
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• 2020

Offshore renewable energy resources are attractive alternatives in addressing the nation's clean energy policies because of the high demand for electricity in the coastal region. As a large portion of potential resources is in deep and farther water, economically competitive floating systems have been developed. Despite the advancement of floating technologies, the high capital cost remains a primary barrier to go ahead offshore renewable energy projects. The dynamically installed piles (DIPs) have been considered one of the most economical pile concepts due to their simple installation method, resulting in cost and time-saving. Nevertheless, applications to real fields are limited because of uncertainties and underestimated load capacity. Thus, this study suggests the appropriate analytical approach to estimate the inclined load capacity of the DIPs by using the upper bound plastic limit analysis (PLA) method. The validity of the PLA under several conditions is demonstrated through comparison to the finite element (FE) method. The PLA was performed to understand how flukes, soil profiles, and load inclinations can affect the inclined load capacity and to provide reliable evaluations of the total resistance of the DIPs. The studies show that PLA can be a useful framework for evaluating the inclined load capacity of the DIPs under undrained conditions.

• Journal of Electrical Engineering and Technology
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• v.9 no.4
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• pp.1163-1170
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• 2014

Due to global environmental regulations and policies with rapid advancement of renewable energy technologies, the development type of renewable energy sources (RES) in power systems is expanding from small-scale distributed generation to large-scale grid-connected systems. In the near future, it is expected that RES achieves grid parity which means the equilibrium point where the power cost of RES is equal to the power costs of conventional generators. However, although RES would achieve the grid parity, the cost related with development of large-scale RES is still a big burden. Furthermore, it is hard to determine a suitable capacity of RES because of their output characteristics affected by locations and weather effects. Therefore, to determine an optimal capacity for RES becomes an important decision-making problem. This study proposes a method for determining an optimal installed capacity of RES from the business viewpoint of an independent power plant (IPP). In order to verify the proposed method, we have performed case studies on real power system in Incheon and Shiheung areas, South Korea.

• Industrial Engineering and Management Systems
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• v.14 no.2
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• pp.122-128
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• 2015

The purpose of this paper is to propose an appropriate evaluation scheme for improvement activities, based on a simple model comprising cash inflow by sales as well as variable and fixed cost expenditures. The paper distinguishes capacity surplus and capacity shortage situations, and examines economic benefits gained by yield increase improvement and capacity increase. The paper then proposes a basic rule of thumb for economic evaluation of improvement activities. The logic is simple but useful in practice, being conducive towards improvement activities under current economic conditions with uncertainties.

• Journal of KSNVE
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• v.9 no.4
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• pp.720-729
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• 1999

Coventional methods for reducing vibration in engineering designs (i.e. by stifferning or detuning) may be undesirable in conditions where size or weight must be minimized, or where complex vibration spectra exist. Some alloys with a combination of high damping capacity and good mechanical properties can provide attractive techanical and economical solutions to problems involving seismic, shock and vibration isolation. Although several non ferrous damping alloys have been developed, none of those materials are applied in any industrial factor due largely to high production cost. To meet these requirement, we have developed a new Fe-Mn high damping alloy. In previous studies, we have reported that an Fe-17%Mn alloy exhibits the highest damping capacity(Specific Damping Capacity:SDC, 30%) among Fe-Mn binary system, and proposed that the boundaries of various types such as $\varepsilon$-martensite variant boundaries, stacking faults in $\varepsilon$-martensite, stacking faults in austenitic and ${\gamma}$$\gamma /\varepsilon$ interfaces give rise to a high damping capacity. The Fe-17%Mn alloy also has advantages of good mechanical properties(T.S. 70 kg/nm$^2$ and low cost over other damping alloys(1/4 times the cost of non-ferrous damping alloy). Thus, the Fe-17%Mn high damping alloy can be widely applied to household appliances, automobiles, industrial facilities and power plant components. In this paper, the overall properties of the Fe-17%Mn high damping alloy is introduced, and its applicability to containment spray pump in the power plant is discussed.

• Journal of Institute of Control, Robotics and Systems
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• v.4 no.6
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• pp.802-810
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• 1998

The purpose of this study is to find the analytic solution of determining the optimal capacity of processes and storages to meet the product demand. Recent trend to reduce product delivery time and to provide high quality product to customer requires the increasing capacity of storage facilities. However, the cost of constructing and operating storage facilities is becoming substantial because of increasing land value, environmental and safety concern. Therefore, reasonable decision making about the capacity of processes and storages is important subject for industries. The industrial solution for this subject is to use the classical economic lot sizing method, EOQ(Economic Order Quantity) model, trimmed with practical experience but the unrealistic assumption of EOQ model is not suitable for the chemical plant design with highly interlinked processes and storages. This study, a first systematic attempt for this subject, clearly overcomes the limitation of classical lot sizing method. The superstructure of the plant consists of the network of serially and/or parallelly interlinked processes and storages. A novel production and inventory analysis method, PSW(Periodic Square Wave) model, is applied. The objective function of optimization is minimizing the total cost composed of setup and inventory holding cost. The advantage of PSW model comes from the fact that the model provide a set of simple analytic solution in spite of realistic description of material flow between process and storage. The resulting simple analytic solution can greatly enhance the proper and quick investment decision for the preliminary plant design confronting diverse economic situation.

• Journal of Biosystems Engineering
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• v.12 no.1
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• pp.31-38
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• 1987

In order to improve the traditional post harvest system in Korea, a model for mechanized rice drying and storage system was developed and introduced as the first part of the study(Park, 1986). As the second part of the study, capital requirement and cost of the model system was analyzed. Also, optimum size of the model system was estimated by comparing with the traditional harvest system. From the study, the following results can be concluded: 1. The capital requirement of the model system decreases as the model size increases. For example, a model system having 500 ton storage capacity requires 439,000 Won/ton. However it requires 313,200 Won/ton only, if the model size increases to 1000 ton. 2. Also, total cost of the model system decreases as the model size increases. For example, total costs of the model system having 500 ton and 1000 ton storage capacity are 101,208 Won/ton and 69,320 Won/ton, respectively. 3. The breakeven point (optimum size) of the model can be estimated around 630 ton storage capacity if the operation rate is assumed as 100%. However, the optimum size of the model is 710 ton, if the operation rate it assumed 80%.

• Proceedings of the KIEE Conference
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• 2001.07a
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• pp.550-552
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• 2001

The vertically integrated power industry was divided into six generation companies and one market operator, where electricity trading was launched at power exchange. In this environment, the profits of each generation companies are guaranteed according to utilization of their own generation equipments. Especially, the electricity demand shows seasonal and weekly regular pattern, which the some capacity should be provided into ancillary service based on the past demand forecasting error and operating results of electricity market. Namely, if generation cost function is applied to SMP and BLMP as announced the previous day, the available generation capacity of the following day could be optimally distributed, and therefore contract capacity of ancillary service applied to CBP(Cost Based Pool) and TWBP(Two-Way Bidding Pool) is determined. Consequently, it is Possible to use the retained equipments optimally. This paper represents on efficient bidding strategies for generation equipments through the calculation of the contract and the application of each generator cost function based on the past demand forecasting error and market operating data.

• Journal of the Earthquake Engineering Society of Korea
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• v.10 no.6 s.52
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• pp.47-56
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• 2006

A method is presented for evaluating the economic efficiency of a semi-active magneto-rheological (MR) damper system for cable-stayed bridges under earthquake loadings. An optimal MR damper capacity maximizing the cost-effectiveness is estimated for various seismic characteristics of ground motion. The economic efficiency of MR damper system is addressed by introducing the life-cycle cost concept. To evaluate the expected damage cost, the probability of failure is estimated. The cost-effectiveness index is defined as the ratio of the sums of the expected damage costs and each device cost between a bridge structure with the MR damper system and a bridge structure with elastic bearings. In the evaluation of cost-effectiveness, the scale of damage cost is adopted as parametric variables. The results of the evaluation show that the MR damper system can be a cost-effective design alternative. The optical capacity of MR damper is increased as the seismic hazard becomes severe.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.8
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• pp.1033-1038
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• 2014

Electric vehicles should be connected to power system for charge and discharge of battery. Besides vehicle's battery is charged for a power source, it is also reversibly possible to provide power source from battery to power system. Researches on battery usage for regulation resources have been progressed and could cause cost increase excessively because they distribute regulation capacity equally without considering the battery wear cost of SOC, temperature, voltage and so on. This causes increase of grid maintenance cost and aggravate economical efficiency. In this paper it is studied that the cost could be minimized according to the battery condition and characteristic. The equation is developed in this paper to calculate the possible number of charge and discharge cycle, according to SOC level and weighting factors representing the relation between battery life and temperature as well as voltage. Thereafter, the correlation is inferred between the battery condition and wear cost reflecting the battery price, and the expense of compensation is decided according to the condition on battery wear-out of vehicle. In addition, using realtime error between load and load expectation, it is calculated how much regulation capacity should be provided.