• Title/Summary/Keyword: economic convergence

Search Result 1,385, Processing Time 0.022 seconds

An Empirical Study on the Operation of Cogeneration Generators for Heat Trading in Industrial Complexes

  • Kim, Jaehyun;Kim, Taehyoung;Park, Youngsu;Ham, Kyung Sun
    • Journal of the Korea Society of Computer and Information
    • /
    • v.24 no.3
    • /
    • pp.29-39
    • /
    • 2019
  • In this study, we introduce a model that satisfies energy efficiency and economical efficiency by introducing and demonstrating cogeneration generators in industrial complexes using various actual data collected at the site. The proposed model is composed of three scenarios, ie, full - time operation, scenario operated according to demand, and a fusion type. In this study, the power generation profit and surplus thermal energy are measured according to the operation of the generator, and the thermal energy is traded according to the demand of the customer to calculate the profit and loss including the heat and evaluate the economic efficiency. As a result of the study, it is relatively profitable to reduce the generation of the generator under the condition that the electricity rate is low and the gas rate is high, while the basic charge is not increased. On the contrary, if the electricity rate is high and the gas rate is low, The more you start up, the more profit you can see. These results show that even a cogeneration power plant with a low economic efficiency due to a low "spark spread" has sufficient economic value if it can sell more than a certain amount of heat energy from a nearby customer and adjust the applied power through peak management.

Economic Feasibility Comparison of Overseas Green Ammonia Project Using Renewable Energy (신재생 에너지를 이용한 해외 그린 암모니아 프로젝트에 대한 경제성 비교)

  • Hyun-Chang Shin;Hak-Soo Mok
    • Journal of the Korean Society of Industry Convergence
    • /
    • v.27 no.3
    • /
    • pp.547-553
    • /
    • 2024
  • Hydrogen is considered a key energy source to achieve carbon neutrality through the global goal of 'Net Zero'. Due to limitations in domestic green hydrogen production, Korean companies are interested in importing green hydrogen produced overseas. Because Australia and the Middle East possess high-quality renewable energy resources, they are attracting attention as suitable regions for producing green hydrogen using renewable energy. The cost of constructing and operating a green ammonia plant varies depending on the region. In this study, an economic feasibility comparison of green ammonia plant construction in Australia and the Middle East is conducted. Through this, it is expected to contribute to the economic analysis and feasibility analysis of the project to import hydrogen in the form of green ammonia into Korea.

Individual Pig Detection using Fast Region-based Convolution Neural Network (고속 영역기반 컨볼루션 신경망을 이용한 개별 돼지의 탐지)

  • Choi, Jangmin;Lee, Jonguk;Chung, Yongwha;Park, Daihee
    • Journal of Korea Multimedia Society
    • /
    • v.20 no.2
    • /
    • pp.216-224
    • /
    • 2017
  • Abnormal situation caused by aggressive behavior of pigs adversely affects the growth of pigs, and comes with an economic loss in intensive pigsties. Therefore, IT-based video surveillance system is needed to monitor the abnormal situations in pigsty continuously in order to minimize the economic demage. Recently, some advances have been made in pig monitoring; however, detecting each pig is still challenging problem. In this paper, we propose a new color image-based monitoring system for the detection of the individual pig using a fast region-based convolution neural network with consideration of detecting touching pigs in a crowed pigsty. The experimental results with the color images obtained from a pig farm located in Sejong city illustrate the efficiency of the proposed method.

Forecasting KOSPI Return Using a Modified Stochastic AdaBoosting

  • Bae, Sangil;Jeong, Minsoo
    • East Asian Economic Review
    • /
    • v.25 no.4
    • /
    • pp.403-424
    • /
    • 2021
  • AdaBoost tweaks the sample weight for each training set used in the iterative process, however, it is demonstrated that it provides more correlated errors as the boosting iteration proceeds if models' accuracy is high enough. Therefore, in this study, we propose a novel way to improve the performance of the existing AdaBoost algorithm by employing heterogeneous models and a stochastic twist. By employing the heterogeneous ensemble, it ensures different models that have a different initial assumption about the data are used to improve on diversity. Also, by using a stochastic algorithm with a decaying convergence rate, the model is designed to balance out the trade-off between model prediction performance and model convergence. The result showed that the stochastic algorithm with decaying convergence rate's did have a improving effect and outperformed other existing boosting techniques.

China's Contribution to Recent Convergence and Integration among the Asian Economies

  • Das, Dilip K.
    • East Asian Economic Review
    • /
    • v.17 no.1
    • /
    • pp.55-79
    • /
    • 2013
  • The objective of this article is to explore the economic relationship between China and the surrounding dynamic Asian economies. It delves into China's influence over the Asian economies and whether this relationship is a market-led or de facto symbiosis. The three principal channels of regional integration analyzed in this article are trade, FDI and vertically integrated production networks. They are essentially based on the activities of the private-sector in these economies. China methodically expanded and deepened its economic ties with the regional neighbors. At the present juncture, China's integration with the surrounding Asia is deep. Another issue that this article explores is the so-called China "threat" or "fear" in Asia. It implies that China is crowding out exports of the other Asian economies in the world market place. Also, as China has become the most attractive FDI destination among the developing countries, it is apprehended that China is receiving FDI at the expense of the Asian economies. These concerns were examined by several empirical studies, and the inference is that they are exaggerated. This article concludes that the private-sector business activities in China and other rapidly growing Asian economies were (and are) instrumental in bringing together the production structures and real economies. The result is both convergence and integration among the dynamic Asian economies. Over the years China and its Asian neighbors has developed a close and symbiotic economic relationship and a de facto regional integration.

A Study on the Plan of Creating Jobs for Women in the ICT Industry (ICT 산업의 여성인력 고용확대 방안)

  • Woo, Sung-hee
    • Journal of Convergence Society for SMB
    • /
    • v.4 no.2
    • /
    • pp.19-24
    • /
    • 2014
  • Recently the government aims to new markets, new jobs, and economic management based on technology, imagination, and creativity through the 'Creative Economy'. It has also been demonstrated in the creation of economic benchmarking of the developed countries that the performance of the creative economy in the border area with convergence of industry, science, culture and technology can achieve. In particular, women in science and technology play an important role in the case of developed countries. However, it is known that active supports and development policies for women scientists and engineers are insufficient, and the number of woman in science and technology is very low in korea. The ratio of women in her early and mid 30s in economic activity is low because of career break and difficulties from going back to work due to childbirth and parenting. The government should concentrate on the creative education and training, support for women in science and technology to develop the creative economy progressively. we present the investigation of the ICT industry status, role of women in economic participation, and the plan of creating jobs for women in the ICT industry in this paper.

  • PDF

The Meaning of Economic Activity of Middle-aged Men using Big Data

  • Sim, Yu Jeong;Lim, Ahn-Na
    • International journal of advanced smart convergence
    • /
    • v.9 no.3
    • /
    • pp.176-182
    • /
    • 2020
  • In this paper, to analyze the meaning of middle-aged men's economic activities, TEXTOM was used to analyze them. The data collection period is set from 2017 to 2019. Among the collected data, 100 refined words were converted into a matrix in which the degree of social connection was calculated, and the keyword network analysis was performed again with the NetDraw program. According to the study, middle-aged men put more meaning on their current work and family than their future retirement. Also, the related word commonly included in the top five for all three years was 'work'. Related words commonly included in the top 10 were 'old age', 'family', and 'work', and in 2018 and 2019, 'health' was included in the top 10. As a result of this, the middle-aged men living in the modern age are the generation who keep their families through economic activities and are increasingly interested in health and prepare for retirement. Therefore, policy support for stable economic activities is needed to improve the quality of life for middle-aged men. It is necessary to extend the retirement age, expand jobs and provide effective vocational training so that it can handle its role as the head of a family. In addition, measures should be taken to reduce the wage gap between highly skilled and low-skilled workers.

An Analysis of Convergence Relation on Economic Activity with Credit cards in Korea and China & A Development of the Algorithm on economic trend Estimation (한중 신용카드가 경제활동에 미치는 융합적 영향 및 경제추이 예측을 위한 알고리즘 개발 연구)

  • Baik, Ran;Ryu, Jae Hee
    • Journal of the Korea Convergence Society
    • /
    • v.7 no.4
    • /
    • pp.9-17
    • /
    • 2016
  • This study is to analyze korea credit card market and the China credit card market, and predict future economic activity by developing the Algorithm for future economic trend Estimation As a results, there is no significant correlation between personal income growth and the credit card usage amount, and significant correlation between the credit card per capita and the credit card usage amount, in korea. there is significant correlation between personal income growth and the credit card usage amount, and between the credit card per capita and the credit card usage amount in china. it could be predicted that the china credit card market would be increased and the rate of increase would be gradually increased over the next five years, under the condition without constraints in the external environment.

Economic Analysis of High-tech Glass Greenhouse through the Convergence of New Renewable Energy -Focusing on the Convergence of Geothermal and Solar Power- (신.재생에너지 융합을 통한 첨단 유리온실의 경제성 분석 -지열과 태양광 융합을 중심으로-)

  • Chung, Jong-Hwa;Yoon, Sung-Yi
    • Korean Journal of Organic Agriculture
    • /
    • v.22 no.4
    • /
    • pp.593-610
    • /
    • 2014
  • The whole world concentrates on the reduction of greenhouse gas to effectively cope with policy toward global climate change. To effectively react to climate change, even the agricultural sector requires construction of new farming systems that utilizes new and renewable energy because of rising oil prices and regulations for greenhouse gas emissions. For this reason, we need to fuse the new and renewable energy with the horticulture sector of which the light and heat energy cost accounts for great part, moreover, efforts and researches should me done which can increase income of farmers through reducing carbon dioxide and energy cost in agricultural production expenses. Therefore, this study analyzes economic feasibility and applicability of fusing geothermal heat pump and solar power facilities with high-tech glass greenhouse. As a result, it is concluded that there surely are an applicability and economic feasibility if we apply new development system that can be an alternative for problems of securing premises of existing geothermal heat pump and the RPS system as a power generation company in case of solar power. Therefore, using this analysis data, if new empirical studies fusing and implementing agriculture sector with new and renewable energy fields proliferate and be applied to actual rural and agricultural field, it will increase actual income and will become a new advanced agricultural system that effectively deals with world-wide environmental problems.

The Relationship Between Monetary and Macroprudential Policies

  • KANG, JONG KU
    • KDI Journal of Economic Policy
    • /
    • v.39 no.1
    • /
    • pp.19-40
    • /
    • 2017
  • This paper analyzes the interaction between monetary and macroprudential policies mainly in the context of the non-cooperation among policy authorities. Each policy authority's optimal response is to tighten its policy measures when other authorities' policy measures are loosened. This indicates that the two policies are substitutes for each other. This result still holds when an additional financial stability mandate is assigned to the central bank. The condition for the response functions to converge to a Nash equilibrium state is analyzed along with the speed of convergence, showing that they depend on the authorities' preferences and the number of mandates assigned to policy authorities. If the financial supervisory authority (FSA) assigns greater importance to the output gap or a stronger financial stability mandate is assigned to the central bank (CB), the probability of non-convergence increases and the speed of convergence declines even when the condition of convergence is satisfied. Meanwhile, if the CB considers output stability as an important task, the probability of convergence and the speed of converging to a state of equilibrium are high. Finally, when a single mandate or small number of mandates is/are assigned to each authority, stability is more quickly restored as compared to when many mandates are assigned.