• Title/Summary/Keyword: cost-minimization analysis

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An analysis on the effects of higher power rates on supply price and power savings for Korean manufacturing sector (산업 전력요금 인상의 공급가격 및 전력수요 절감 효과 분석:국내 제조업 부문을 대상으로)

  • Lee, Myunghun
    • Environmental and Resource Economics Review
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    • v.23 no.1
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    • pp.43-65
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    • 2014
  • In this paper, we test for allocative efficiency of productive inputs including electricity and measure the divergence between the actual and optimal level of electricity for the chemical products, which is a relatively highly electricity-intensive sector in Korean manufacturing industries, by estimating a shadow cost function. Supposing cost minimization subject to market prices was achieved, we derive the price elasticities of demand for each input and simulate the impact of a 10% increase in power rate on its demand and supply price by estimating jointly a cost function with an inverse supply relation. The null hypothesis of allocative efficiency of inputs is rejected over the period 1982-2006. On average, electricity is used more than optimal level by 98% per year. The demand for electricity decreases by 11.4%, and supply price, on average, falls by 0.08%, other things being equal.

Design and Dynamic Performance Analysis of a Stand-alone Microgrid - A Case Study of Gasa Island, South Korea

  • Husein, Munir;Hau, Vu Ba;Chung, Il-Yop;Chae, Woo-Kyu;Lee, Hak-Ju
    • Journal of Electrical Engineering and Technology
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    • v.12 no.5
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    • pp.1777-1788
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    • 2017
  • This paper presents the design and dynamic analysis of a stand-alone microgrid with high penetration of renewable energy. The optimal sizing of various components in the microgrid is obtained considering two objectives: minimization of levelized cost of energy (LCOE) and maximization of renewable energy penetration. Integrating high renewable energy in stand-alone microgrid requires special considerations to assure stable dynamic performance, we therefore develop voltage and frequency control method by coordinating Battery Energy Storage System (BESS) and diesel generators. This approach was applied to the design and development of Gasa Island microgrid in South Korea. The microgrid consists of photovoltaic panels, wind turbines, lithium-ion batteries and diesel generators. The dynamic performance of the microgrid during different load and weather variations is verified by simulation studies. Results from the real microgrid were then presented and discussed. Our approach to the design and control of microgrid will offer some lessons in future microgrid design.

Performance Diagnostics with Altitude Variation of Turbo-Shaft Engine using Gas Path Analysis (GPA 기법을 적용한 터보축 엔진의 고도 변화에 따른 성능진단)

  • Lee Eun-Young;Roh Tae-Seong;Choi Dong-Whan
    • Proceedings of the Korean Society of Propulsion Engineers Conference
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    • 2006.05a
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    • pp.218-221
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    • 2006
  • High reliability and minimization of operating cost are important problems for both engine-manufacturer and user in operation of gas-turbine engine, for which various performance diagnostics including a fault identification have been a major issue nowadays. Performance estimation in the off-design conditions, however, encounters problems of large errors and of poor convergence because of much required data to be evaluated. In this study, a diagnostics code of engine performance has been developed by using GPA(Gas Path Analysis). Quantitative performance deterioration of the turbo-shaft engine for SUAV has been estimated with altitude variation and is compared with that obtained by GSP code.

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An Improved Multiplicative Updating Algorithm for Nonnegative Independent Component Analysis

  • Li, Hui;Shen, Yue-Hong;Wang, Jian-Gong
    • ETRI Journal
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    • v.35 no.2
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    • pp.193-199
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    • 2013
  • This paper addresses nonnegative independent component analysis (NICA), with the aim to realize the blind separation of nonnegative well-grounded independent source signals, which arises in many practical applications but is hardly ever explored. Recently, Bertrand and Moonen presented a multiplicative NICA (M-NICA) algorithm using multiplicative update and subspace projection. Based on the principle of the mutual correlation minimization, we propose another novel cost function to evaluate the diagonalization level of the correlation matrix, and apply the multiplicative exponentiated gradient (EG) descent update to it to maintain nonnegativity. An efficient approach referred to as the EG-NICA algorithm is derived and its validity is confirmed by numerous simulations conducted on different types of source signals. Results show that the separation performance of the proposed EG-NICA algorithm is superior to that of the previous M-NICA algorithm, with a better unmixing accuracy. In addition, its convergence speed is adjustable by an appropriate user-defined learning rate.

End Edge Cogging Force Minimization according to the Distance between Armatures of Stationary Discontinuous Armature PMLSM with Concentrated Winding (전기자 분산배치 집중권 PMLSM의 전기자 간격에 따른 단부 코깅력 최소화)

  • Kim, Yong-Jae
    • The Journal of the Korea institute of electronic communication sciences
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    • v.8 no.8
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    • pp.1241-1246
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    • 2013
  • Currently, The general transportation system arranges the armature on the full length of transportation lines. However, when this method is applied to the long distance transportation system, it causes an increase of material cost and manufacturing time. Thus, in order to resolve this problem, discontinuous arrangement method of the armature has been proposed. However, in the method of using stationary discontinuous armatures, mover can stop in the freewheeling section which is non-installations section when disturbance is generated and the mover can not be moved because armature control is impossible. Thus, the distance determination of armature is very important. Also, when the armature is arranged discontinuously the edge always exists due to the structure. Due to this edge, the cogging force is greatly generated during the entry and ejection of the mover to the armature. This cogging force causes thrust force ripple generating noise, vibration and decline of performance, it must be reduced. Therefore, in this paper, we examined the end edge cogging force generated by the stationary discontinuous armatures through 2-D numerical analysis using finite element method (FEM) and we figured out distance of armature for end edge cogging force minimization.

Optimization of Vinalines Fleet Structure in Short-term Future by Applying Linear programing and AIMMS software

  • Le, Thanh Van;Kim, Sung-june
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2015.07a
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    • pp.171-172
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    • 2015
  • Vinalines is actually known as not only one of Vietnam's state-sponsored economic giants but also the largest shipowner by tonnage in Vietnamese shipping industry. Therefore, a question of how to improve business performance of the corporation is always received deep attention by Vietnamese government, specially after the seriously economic scandal of Vinalines in a last few years. Among development strategies, the study focuses on short-term one in which Vinalines is recommended to restructure its own fleet in order to optimize performance of fleet operation and minimize costs while meeting the customer's shipping demand in near future. The first section is of introduction. Via method of statistical data analysis, section 2 brings to readers a panorama about the development profile and the current situation of development of Vinalines. In section 3, the authors use linear programming for setting a cost-minimization model optimizing Vinalines fleet structure based on available statistics and forecast information by Vinalines. The optimization problem is solved by applying AIMMS software in section 4. Finally, some conclusions and proposals by authors for the development of Vinalines are given.

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Analysis of Key Success Factors for Building a Smart Supply Chain Using AHP (AHP를 이용한 스마트 공급망 구축을 위한 주요 성공요인 분석)

  • Cheol-Soo Park
    • Journal of Information Technology Applications and Management
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    • v.30 no.6
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    • pp.1-15
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    • 2023
  • With the advent of the Fourth Industrial Revolution, propelled by digital technology, we are transitioning into an era of hyperconnectivity, where everything and objects are becoming interconnected. A smart supply chain refers to a supply chain system where various sensors and RFID tags are attached to objects such as machinery and products used in the manufacturing and transportation of goods. These sensors and tags collect and analyze process data related to the products, providing meaningful information for operational use and decision-making in the supply chain. Before the spread of COVID-19, the fundamental principles of supply chain management were centered around 'cost minimization' and 'high efficiency.' A smart supply chain overcomes the linear delayed action-reaction processes of traditional supply chains by adopting real-time data for better decision-making based on information, providing greater transparency, and enabling enhanced collaboration across the entire supply chain. Therefore, in this study, a hierarchical model for building a smart supply chain was constructed to systematically derive the importance of key factors that should be strategically considered in the construction of a smart supply chain, based on the major factors identified in previous research. We applied AHP (Analytical Hierarchy Process) techniques to identify urgent improvement areas in smart SCM initiatives. The analysis results showed that the external supply chain integration is the most urgent area to be improved in smart SCM initiatives.

Optimization Analysis for Embodied Energy and CO2 Emission in Reinforced Concrete Column Using Sustainable Design Method (지속가능 설계법을 이용한 철근 콘크리트 기둥의 내재에너지 및 이산화탄소 배출 최적화 해석)

  • Kim, Kyeong-Hwan;Yeo, DongHun;Lee, Sang-Ho;Yoon, Young-Cheol
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.30 no.3
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    • pp.265-274
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    • 2017
  • This study presents a sustainable design method to optimize the embodied energy and $CO_2$ emission complying with the design code for reinforced concrete column. The sustainable design method effectively achieves the minimization of the environmental load and energy consumption whereas the conventional design method has been mostly focused on the cost saving. Failure of reinforced concrete column exhibits compressive or tensile failure mode against an external force such as flexure and compression; thus, optimization analyses are conducted for both failure modes. For the given sections and reinforcement ratios, the optimized sections are determined by optimizing cost, embodied energy, and $CO_2$ emission and various aspects of the sections are thoroughly investigated. The optimization analysis results show that 25% embodied energy and 55% $CO_2$ emission can be approximately reduced by 10% increase in cost. In particular, the embodied energy and $CO_2$ emission were more effectively reduced in the tensile failure mode rather than in the compressive failure mode. Consequently, it was proved that the sustainable design method effectively implements the concept of sustainable development in the design of reinforced concrete structure by optimizing embodied energy consumption and $CO_2$ emission.

Constructability optimal design of reinforced concrete retaining walls using a multi-objective genetic algorithm

  • Kaveh, A.;Kalateh-Ahani, M.;Fahimi-Farzam, M.
    • Structural Engineering and Mechanics
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    • v.47 no.2
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    • pp.227-245
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    • 2013
  • The term "constructability" in regard to cast-in-place concrete construction refers mainly to the ease of reinforcing steel placement. Bar congestion complicates steel placement, hinders concrete placement and as a result leads to improper consolidation of concrete around bars affecting the integrity of the structure. In this paper, a multi-objective approach, based on the non-dominated sorting genetic algorithm (NSGA-II) is developed for optimal design of reinforced concrete cantilever retaining walls, considering minimization of the economic cost and reinforcing bar congestion as the objective functions. The structural model to be optimized involves 35 design variables, which define the geometry, the type of concrete grades, and the reinforcement used. The seismic response of the retaining walls is investigated using the well-known Mononobe-Okabe analysis method to define the dynamic lateral earth pressure. The results obtained from numerical application of the proposed framework demonstrate its capabilities in solving the present multi-objective optimization problem.

Comparison analysis of cooling loads according to window systems and balcony expansion for a high-rise residential building (초고층 공동주택에서 발코니 확장에 따른 창호시스템별 냉방부하 분석 및 비교)

  • Kim, Yun-Jin;Park, Sang-Hyun;Lee, Jong-Chan;Lim, Jung-Hee;Kim, Byung-Seon
    • 한국태양에너지학회:학술대회논문집
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    • 2008.04a
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    • pp.184-189
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    • 2008
  • These days, Apartment is altered oversized and high-rise through construction techniques development. Also, the cost of cooling and heating load would be expected by balcony expansion into inner space caused by legalization. In specially, HVAC systems of high-rise residential building almost apply to pre-existence techniques of middle and low residential building except for consideration and methods of the air inflow minimization into indoor through mechanical ventilation is used in ventilation system. From these cause, window systems of high-rise apartments stands high in estimation of components. Thus, purpose of this study is to make a comparative study through difference of window systems.

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