• Title/Summary/Keyword: closed-form analysis

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A Real Options Analysis on Fuel Cell Power Plant considering Mean Reverting Process of Electricity Price (전력가격 평균회귀성을 고려한 연료전지 발전의 실물옵션 분석)

  • Park, Hojeong;Nam, Youngsik
    • Environmental and Resource Economics Review
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    • v.27 no.4
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    • pp.613-637
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    • 2018
  • Fuel cell power plant which has advantages as a distributed generation is influenced by high cost of investment and uncertainty of electricity price. This study suggests the model of real options which considers the irreversibility of investment in the fuel cell plant and the uncertainty of electricity price. Most models of real options assume the geometric Brownian motion for convenience, but this study develops the model for the feasibility analysis considering the mean reverting process of electricity price, with the closed form solution on the value of investment option. The result of the empirical analysis considering the data related to the fuel cell generation with the scale of 20MW and the domestic RPS circumstance represents that the investment is feasible without the uncertainty, and is not feasible with the uncertainty. This result implies that the political support as well as the improvement of profit system including revenue and cost are necessary for the activation of the fuel cell power plant.

Locational Characteristics of Cafes in Jeju Island and the Changes: Offline and Online Influences (제주도 카페 입지의 특성과 변화: 오프라인과 온라인의 영향)

  • Ham, Yuhee;Park, Sohyun;Lee, Keumsook
    • Journal of the Economic Geographical Society of Korea
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    • v.25 no.1
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    • pp.131-146
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    • 2022
  • The purpose of this study is to examine the locational characteristics of cafes in Jeju Island and the changes. For the purpose, we identify the spatial distribution patterns of openings and closings by period from the first opening of cafes in Jeju Island to the present. In particular, we analyze the spatial distribution characteristics found in the locations of cafes that have been opened and closed after the outbreak of COVID-19, in which new stores have significantly increased. In addition, we identify the regional attributes and the influence of online that have affected the distribution of currently open cafes and cafes that have opened or closed during the COVID-19 outbreak. As a result of empirical analysis, Jeju Island is a tourist destination and island region with the characteristics of determining major destinations through information search, showing a different distribution form from the location of cafes in inland cities. In particular, as a result of frequency analysis by extracting keyword search volume for cafes in Jeju Island, online accessibility such as information search for new areas and places in Jeju Island has become more diversified and expanded after COVID-19. In addition, as a result of calculating the distance to cafes by road size, the relationship between physical location and road accessibility, which has traditionally been an important factor, was relatively low. This study is meaningful in that it revealed the distribution patterns and characteristics of cafe locations in Jeju Island by reflecting the influence of online and offline.

Buckling and Vibration Analysis of Antisymmetric Angle-ply laminated Composite Plates using a Three-dimensional Higher-order Theory (3차원 고차이론을 이용한 역대칭 앵글-플라이를 갖는 복합재료 적층판의 좌굴 및 진동해석)

  • Lee, Won Hong;Han, Sung Cheon;Chun, Kyoung Sik;Chang, Suk Yoon
    • Journal of Korean Society of Steel Construction
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    • v.15 no.2
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    • pp.97-107
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    • 2003
  • To obtain a more accurate response from larninated composite structures, the effect of transverse shear deformation, transverse normal strain/stress, and nonlinear variation of in-plane displacements vis-$\\grave{a}$-vis the thickness coordinate should be considered in the analysis. The improved higher-order theory was used to determine the critical buckling load and natural frequencies of laminated composite structures. Solutions of simply supported laminated composite plates and sandwiches were obtained in closed form using Navier's technique, with the results compared with calculated results using the first order and other higher-order theories. Numerical results were presented for fiber-reinforced laminates, which show the effects of ply orientation, number of layers, side-toithickness ratio, and aspects ratio.

Effect Analysis of Residual Frequency Offsets for Asynchronous MC-CDMA Uplink Systems (비동기 MC-CDMA 상향 링크 시스템에서의 잔류 주파수 옵셋 영향 분석)

  • Ko, Kyun-Byoung;Woo, Choong-Chae
    • Journal of the Institute of Electronics Engineers of Korea TC
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    • v.47 no.8
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    • pp.9-15
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    • 2010
  • This paper presents an analysis of asynchronous multicarrier-code division multiple access (MC-CDMA) uplink systems over frequency-selective multipath fading channels when the frequency offsets (FOs) of all users are random variables and the frequency offset for the desired user is compensated. The effect of a residual frequency offset(RFO) on the average bit error rate (BER) is evaluated by the semi-analytical method, then the approximated BER performance is obtained as a closed-form expression. Moreover, the signal to noise ratio (SNR) loss caused by RFO is evaluated. Derived results show that the performance degradation due to RFO is negligible if the estimation error of RFO for the desired user is less than the normalized value of 0.1.

Experimental and analytical investigation of steel beams rehabilitated using GFRP sheets

  • El Damatty, A.A.;Abushagur, M.;Youssef, M.A.
    • Steel and Composite Structures
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    • v.3 no.6
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    • pp.421-438
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    • 2003
  • Aging and deterioration of existing steel structures necessitate the development of simple and efficient rehabilitation techniques. The current study investigates a methodology to enhance the flexural capacity of steel beams by bonding Glass Fibre Reinforced Plastic (GFRP) sheets to their flanges. A heavy duty adhesive, tested in a previous study is used to bond the steel and the GFRP sheet. In addition to its ease of application, the GFRP sheet provides a protective layer that prevents future corrosion of the steel section. The study reports the results of bending tests conducted on a W-shaped steel beam before and after rehabilitation using GFRP sheets. Enhancement in the moment capacity of the beam due to bonding GFRP sheet is determined from the test results. A closed form analytical model that can predict the yield moment as well as the stresses induced in the adhesive and the GFRP sheets of rehabilitated steel beam is developed. A detailed finite element analysis for the tested specimens is also conducted in this paper. The steel web and flanges as well as the GFRP sheets are simulated using three-dimensional brick elements. The shear and peel stiffness of the adhesive are modeled as equivalent linear spring systems. The analytical and experimental results indicate that a significant enhancement in the ultimate capacity of the steel beam is achieved using the proposed technique. The finite element analysis is employed to describe in detail the profile of stresses and strains that develop in the rehabilitated steel beam.

A novel higher-order shear deformation theory for bending and free vibration analysis of isotropic and multilayered plates and shells

  • Zine, Abdallah;Tounsi, Abdelouahed;Draiche, Kada;Sekkal, Mohamed;Mahmoud, S.R.
    • Steel and Composite Structures
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    • v.26 no.2
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    • pp.125-137
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    • 2018
  • In this work, the bending and free vibration analysis of multilayered plates and shells is presented by utilizing a new higher order shear deformation theory (HSDT). The proposed involves only four unknowns, which is even less than the first shear deformation theory (FSDT) and without requiring the shear correction coefficient. Unlike the conventional HSDTs, the present one presents a novel displacement field which incorporates undetermined integral variables. The equations of motion are derived by using the Hamilton's principle. These equations are then solved via Navier-type, closed form solutions. Bending and vibration results are found for cylindrical and spherical shells and plates for simply supported boundary conditions. Bending and vibration problems are treated as individual cases. Panels are subjected to sinusoidal, distributed and point loads. Results are presented for thick to thin as well as shallow and deep shells. The computed results are compared with the exact 3D elasticity theory and with several other conventional HSDTs. The proposed HSDT is found to be precise compared to other several existing ones for investigating the static and dynamic response of isotropic and multilayered composite shell and plate structures.

Buckling analysis of elastically-restrained steel plates under eccentric compression

  • Qin, Ying;Shu, Gan-Ping;Du, Er-Feng;Lu, Rui-Hua
    • Steel and Composite Structures
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    • v.29 no.3
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    • pp.379-389
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    • 2018
  • In this research, the explicit closed-form local buckling solution of steel plates in contact with concrete, with both loaded and unloaded edges elastically restrained against rotation and subjected to eccentric compression is presented. The Rayleigh-Rize approach is applied to establish the eigenvalue problem for the local buckling performance. Buckling shape which combines trigonometric and biquadratic functions is introduced according to that used by Qin et al. (2017) on steel plate buckling under uniform compression. Explicit solutions for predicting the local buckling stress of steel plate are obtained in terms of the rotational stiffness. Based on different boundary conditions, simply yet explicit local buckling solutions are discussed in details. The proposed formulas are validated against previous research and finite element results. The influences of the loading stress gradient parameter, the aspect ratio, and the rotational stiffness on the local buckling stress resultants of steel plates with different boundary conditions were evaluated. This work can be considered as an alternative to apply a different buckling shape function to study the buckling problem of steel plate under eccentric compression comparing to the work by Qin et al. (2018), and the results are found to be in consistent with those in Qin et al. (2018).

Performance Analysis of Decode-and-Forward Relaying with Partial Relay Selection for Multihop Transmission over Rayleigh Fading Channels

  • Bao, Vo Nguyen Quoe;Kong, Hyung-Yun
    • Journal of Communications and Networks
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    • v.12 no.5
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    • pp.433-441
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    • 2010
  • Multihop transmission is a promising technique that helps in achieving broader coverage (excellent network connectivity) and preventing the impairment of wireless channels. This paper proposes a cluster-based multihop wireless network that makes use of the advantages of multihop relaying, i.e., path loss gain, and partial relay selection in each hop, i.e., spatial diversity. In this partial relay selection, the node with the maximum instantaneous channel gain will serve as the sender for the next hop. With the proposed protocol, the transmit power and spectral efficiency can be improved over those in the case of direct transmission and conventional multihop transmission. Moreover, at a high signal-to-noise ratio (SNR), the performance of the system with at least two nodes in each cluster is dependent only on the last hop and not on any of the intermediate hops. For a practically feasible decode-and-forward relay strategy, a compact expression for the probability density function of the end-to-end SNR at the destination is derived. This expression is then used to derive closed-form expressions for the outage probability, average symbol error rate, and average bit error rate for M-ary square quadrature amplitude modulation as well as to determine the spectral efficiency of the system. In addition, the probability of SNR gain over direct transmission is investigated for different environments. The mathematical analysis is verified by various simulation results for demonstrating the accuracy of the theoretical approach.

Modelling of tension-stiffening in bending RC elements based on equivalent stiffness of the rebar

  • Torres, Lluis;Barris, Cristina;Kaklauskas, Gintaris;Gribniak, Viktor
    • Structural Engineering and Mechanics
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    • v.53 no.5
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    • pp.997-1016
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    • 2015
  • The contribution of tensioned concrete between cracks (tension-stiffening) cannot be ignored when analysing deformation of reinforced concrete elements. The tension-stiffening effect is crucial when it comes to adequately estimating the load-deformation response of steel reinforced concrete and the more recently appeared fibre reinforced polymer (FRP) reinforced concrete. This paper presents a unified methodology for numerical modelling of the tension-stiffening effect in steel as well as FRP reinforced flexural members using the concept of equivalent deformation modulus and the smeared crack approach to obtain a modified stress-strain relation of the reinforcement. A closed-form solution for the equivalent secant modulus of deformation of the tensioned reinforcement is proposed for rectangular sections taking the Eurocode 2 curvature prediction technique as the reference. Using equations based on general principles of structural mechanics, the main influencing parameters are obtained. It is found that the ratio between the equivalent stiffness and the initial stiffness basically depends on the product of the modular ratio and reinforcement ratio ($n{\rho}$), the effective-to-total depth ratio (d/h), and the level of loading. The proposed methodology is adequate for numerical modelling of tension-stiffening for different FRP and steel reinforcement, under both service and ultimate conditions. Comparison of the predicted and experimental data obtained by the authors indicates that the proposed methodology is capable to adequately model the tension-stiffening effect in beams reinforced with FRP or steel bars within wide range of loading.

A study on design, experiment control of the waterproof robot arm (방수형 로봇팔의 설계, 실험 및 제어 연구)

  • Ha, Jihoon;Joo, Youngdo;Kim, Donghee;Kim, Joon-Young;Choi, Hyeung-Sik
    • Journal of Advanced Marine Engineering and Technology
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    • v.38 no.6
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    • pp.648-657
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    • 2014
  • This paper is about the study on a newly developed small waterproofed 4-axis robot arm and the analysis of its kinematics and dynamics. The structure of robot arm is designed to have Pitch-Pitch-Pitch-Yaw joint motion for inspection using a camera on itself and the joint actuator driving capacity are selected and the joint actuators are designed and test for 10m waterproofness. The closed-form solution for the robot arm is derived through the forward and inverse kinematics analysis. Also, the dynamics model equation including the damping force due to the mechanical seal for waterproofness is derived using Newton-Euler method. Using derived dynamics equation, a sliding mode controller is designed to track the desired path of the developed robot arm, and its performance is verified through a simulation.