• The Transactions of the Korean Institute of Electrical Engineers
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• v.43 no.2
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• pp.197-205
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• 1994

Security of a power system refers to its robustness relative to a set of imminent disturbances (contingencies) during operation. The socially optimal solution for the actuall level of generation/consumption has been well-known spot pricing at shot-run marginal cost. The main disadvantage of this approach arises because serious contingencies occur quite infrequently. Thus by establishing contractual obligations for contingency offering before an actual operation time through decision feedback we can obtain socially optimal level of system security. Under probabilistic precontract pricing the operating point is established at equal incremental cost of the expected short-run and collapse cost of each participant. Rates for power generation/consumption and for an offer to use during a contingency, as well as information on the probability distribution of contingency need for each participant, are derived so that individual optimization will lead to the socially optimal solution in which system security is optimized and the aggregate benefit is maxmized.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.416-417
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• 2006

The recent movement to deregulated and competitive electricity market requires new concepts against existing central dispatch in the system operation and planning. As power systems tend to be operated more closely to their ultimate ratings, the role of SCOPF(Security Constrained Optimal Power Flow) is changed. This paper deals with the proper Unit Commitment condition changed according to the conditions or configuration of power system. This goal of is paper is to obtain proper security and Optimal UC condition through the efficient usage of the sensitivity Factor against critical contingencies. The proposed mechanism has been tested on a sample system and results show more secure conditions against critical contingencies.

• International Journal of Control, Automation, and Systems
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• v.3 no.spc2
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• pp.334-340
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• 2005

Based on the stability margin provided by the EEAC, the unstable contingencies can be classified into sets according to their unstable modes. This two-part paper develops a globally optimal algorithm for transient stability control to coordinate preventive actions and emergency actions. In the first part, an algorithm is proposed for a set of contingencies having identical unstable modes. Instead of iterations between discrete emergency actions and continuous preventive actions, the algorithm straightforwardly searches for a globally optimal solution. The procedure includes assessing a set of insufficient emergency schemes identified by the EEAC; calculating the related preventive actions needed for stabilizing the system; and selecting the scheme with the minimum overall costs. Simulations on a Chinese power system highlight its excellent performance. The positive results obtained are explained by analogizing settlements for 0-1 knapsack problems using the multi-points greedy algorithm.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.106-118
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• 2007

Little attention has been focussed on a precise definition and evaluation mechanism for project management risk specifically related to contractors. When bidding, contractors traditionally price risks using unsystematic approaches. The high business failure rate our industry records may indicate that the current unsystematic mechanisms contractors use for building up contingencies may be inadequate. The reluctance of some contractors to include a price for risk in their tenders when bidding for work competitively may also not be a useful approach. Here, instead, we first define the meaning of contractor contingency, and then we develop a facile quantitative technique that contractors can use to estimate a price for project risk. This model will help contractors analyse their exposure to project risks; and also help them express the risk in monetary terms for management action. When bidding for work, they can decide how to allocate contingencies strategically in a way that balances risk and reward.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.6
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• pp.845-851
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• 2015

Load shedding is a last measure to avoid nationwide cascading collapses of power system by removing the pre-determined amount of loads from the main grid. In Korea, SPS(Special Protection System) is prepared to keep the power system stability from the extreme contingency of the critical transmission line losses. Among them, we need to pay attention to 765kV T/L’s because they have great influence on the total system stability. According to the present SPS operating guide, the total loads of 1,500MW should be removed through 2 step under-voltage load shedding(UVLS) scheme in case of 765kV T/L’s contingencies. However, it is not clear to defined how to determine the typical load reduction amounts for each case. This paper proposes a method to estimate appropriate amounts of load shed for 765kV T/L’s contingencies by analyzing the relevant national and international standards.

• The Journal of Society for e-Business Studies
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• v.12 no.3
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• pp.49-74
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• 2007

As increasing IT investments in corporate decision makers' locus move from application level to organizational level. However, many companies still don't have a structured IT decision makings architecture. According to existing IT governance research, although companies are included in similar environment, size, and industry they have a variety of IT governance modes because of not single contingency factor but multiple contingencies factors. The goal of this study is to suggest key IT activities and contingency factors which affect IT decision makings architecture based on existing IT governance studies, to develop an IT governance research model with multiple contingencies theory, and to articulate IT governance architectures of small or medium sized companies in Korea. Through extracting a desirable IT governance framework, our research is going to help to increase companies' value.

• Journal of Electrical Engineering and Technology
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• v.11 no.6
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• pp.1527-1534
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• 2016

Online voltage stability monitoring using real-time measurements is one of the most important tasks in a smart grid system to maintain the grid stability. Loading margin is a good indicator for assessing the voltage stability level. This paper presents an Extreme Learning Machine (ELM) approach for estimation of voltage stability level under credible contingencies using real-time measurements from Phasor Measurement Units (PMUs). PMUs enable a much higher data sampling rate and provide synchronized measurements of real-time phasors of voltages and currents. Depth First (DF) algorithm is used for optimally placing the PMUs. To make the ELM approach applicable for a large scale power system problem, Mutual information (MI)-based feature selection is proposed to achieve the dimensionality reduction. MI-based feature selection reduces the number of network input features which reduces the network training time and improves the generalization capability. Voltage magnitudes and phase angles received from PMUs are fed as inputs to the ELM model. IEEE 30-bus test system is considered for demonstrating the effectiveness of the proposed methodology for estimating the voltage stability level under various loading conditions considering single line contingencies. Simulation results validate the suitability of the technique for fast and accurate online voltage stability assessment using PMU data.

• Journal of Electrical Engineering and Technology
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• v.6 no.2
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• pp.147-153
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• 2011

This paper proposes a methodology using a tool based on the branch-parameter continuation power flow (BCPF) in order to restore the power flow solvability in unsolvable contingencies. A specified contingency from a set of transmission line contingencies is modeled, considering the transient analysis and practice in the Korean power system. This tool traces a solution path that satisfies the power flow equations with respect to the variation of the branch parameter. At a critical point, in which the branch parameter can move on to a maximum value, a sensitivity analysis with a normal vector is performed to identify the most effective compensation. With the sensitivity information, the location of the reactive power compensation is determined and the effectiveness of the sensitivity information is verified to restore the solvability. In the simulation, the proposed framework is then applied to the Korean power system.

• Journal of Electrical Engineering and Technology
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• v.4 no.4
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• pp.476-484
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• 2009

This paper deals with improvements to the special protection schemes (SPS) which have been applied to the low probability and high impact contingencies in the Korea Electric Power Corporation (KEPCO) system since 2004. Among them, the SPS for voltage instability in the Seoul metropolitan area is considered in this paper, and is a form of event-based undervoltage load shedding with a single-step scheme. Simulation results based upon a recent event that occurred on 765kV lines show that the current setting values of the SPS have to be revised and enhanced. In addition, by applying response-based multi-step undervoltage load shedding (UVLS) schemes to severe contingencies in the system, more effective results than those of the existing single-step SPS can be obtained. Centralized and distributed UVLS schemes are considered in the simulation. ULTC-based load recovery models and over excitation limiters (OXL) for the KEPCO system are also included in the long-term voltage instability studies.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.56 no.10
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• pp.1715-1720
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• 2007

The CSC-based HVDC system links the Jeju system to the mainland system. Because CSC-based HVDC is installed in Jeju, the reactive power is needed to transfer active power through the HVDC. In order to supply reactive power, switched capacitors and synchronous condensers are installed in Jeju system. The deterioration of established synchronous condensers, however, causes a reactive power supply capability decline and high maintenance cost. It brings about the instability of Jeju system and the incremental of maintenance and repair costs. In the future the installation of wind generators and additional HVDC system would aggravate the stability of Jeju system. Therefore, it needs to consider a countermeasure against above problems. In this paper, Analysis of several contingencies of Jeju system was peformed, and some contingencies caused voltage-reactive power problem was known. CPF method was introduced in order to make countermeasures to replace the synchronous condensers and to solve the voltage-reactive power problem. The location and capacity of reactive power sources were also decided. It could guarantee medium and long term stability of Jeju system.