• Title/Summary/Keyword: economic cycle

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Dynamic Model for Ocean Thermal Energy Conversion Plant with Working Fluid of Binary Mixtures

  • Nakamura, Masatoshi;Zhang, Yong;Bai, Ou;Ikegami, Yasuyuki
    • 제어로봇시스템학회:학술대회논문집
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    • 2003.10a
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    • pp.2304-2308
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    • 2003
  • Ocean thermal energy conversion (OTEC) is an effective method of power generation, which has a small impact on the environment and can be utilized semi-permanently. This paper describes a dynamic model for a pilot OTEC plant built by the Institute of Ocean Energy, Saga University, Japan. This plant is based on Uehara cycle, in which binary mixtures of ammonia and water is used as the working fluid. Some simulation results attained by this model and the analysis of the results are presented. The developed computer simulation can be used to actual practice effectively, such as stable control in a steady operation, optimal determination of the plant specifications for a higher thermal efficiency and evaluation of the economic prospects and off-line training for the operators of OTEC plant.

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Triple Helix and the Circle of Innovation

  • Phillips, Fred
    • Journal of Contemporary Eastern Asia
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    • v.13 no.1
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    • pp.57-68
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    • 2014
  • This paper positions the triple-Helix as a meso-level notion, an epicycle in a grander circle of technological change, institutional change, and psychological change. Because of the differing speeds of these several kinds of change, speed is proposed as a high-level system metric. This implies that what we commonly call bridging agencies or facilitators - lawyers, venture capitalists, incubators, etc. - are better called buffering agencies, as they help to engage entities changing at different speeds. They use human judgment as well as information technologies to choose feasible timing for these engagements. The paper highlights implications for thinking about innovation diffusion: The grand cycle of socio-technical change means we should, rather, think in terms of innovation reinforcement, or a circle of innovation.

Korea's Demographic Transition and Long-Term Growth Projection Based on an Overlapping Generations Model

  • KWON, KYOOHO
    • KDI Journal of Economic Policy
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    • v.39 no.2
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    • pp.25-51
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    • 2017
  • This paper employs an Overlapping Generations Model to quantify the impacts of Korea's demographic transition toward an older population on the total output growth rate. The model incorporates the projected population through 2060 according by Statistics Korea. The effects of the low fertility and increased life expectancy rates are studied. The model is considered suitable for analyzing the effects of demographic changes on the Korean economy. Under the assumption that the TFP growth rate will not slow considerably in the future, remaining at 1.3% per annum, the gross output growth rate of the Korean economy is projected to slow to 1.1% per annum in the 2050s, from 4.0% in the 2000s. The shrinking workforce due to the decline in fertility plays a significant role in the deceleration of the Korean economy. The increased life expectancy rate is expected to mitigate the negative effect, but the magnitude of its effect is found to be limited.

가계자산축적경로(家計資産蓄積經路)에 대한 고찰(考察)

  • Kim, Gwan-Yeong
    • KDI Journal of Economic Policy
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    • v.11 no.3
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    • pp.131-146
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    • 1989
  • 본고(本稿)에서는 가계(家計)의 저축행태(貯蓄行態)가 일생적기(一生適期)(life cycle)에 걸쳐 연령(年齡)-자산관계(資産關係)(age-wealth profile)를 통해 어떻게 나타나는가를 이론적으로 그리고 미시적(微視的) 시뮬레이션의 결과로 살펴보았다. 본고(本稿)에서는 기존의 Ando-Modigliani의 모형(模型)에 성인상당수(成人相當數)라는 개념(槪念)을 도입(導入), 무자녀가구(無子女家口)와 유자녀가구(有子女家口) 사이에 자산저축경로(資産著畜經路)의 차이가 존재함을 밝혔다. 즉, 유자녀가구(有子女家口)의 경우, 자녀의 교육비를 지원함으로써-좀 더 정확히 표현하면 또다른 형태의 세대간교부(世代間交付)(intergenerational transfer)라고 할 수 있는 자녀의 인적자산형성(人的資産形成)에 투자함으로써-소비(消費)가 이 시기에 급상승하게 되고 따라서 자산저축(資産著畜)이 무자녀가구(無子女家口)의 경우보다 완만해질 수 있음을 밝혔다.

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LCC Analysis Model of the Reconstruction and Remodeling Types of High-density Apartment Houses (공동주택의 재건축과 리모델링의 비교분석을 위한 모델구축방안)

  • Jeong, Yong-Sik;Lee, Sang-Beom
    • Journal of the Korea Institute of Building Construction
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    • v.5 no.4 s.18
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    • pp.91-98
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    • 2005
  • This paper illustrates a comparative analysis on the economic efficiency of remodeling method that is one of major factors in totting more desirable standards and proposes to utilize LCC calculation techniques in generating a required budget for more effective quantity-based analysis that is both objective and effect. Rather than comparing only the initial lost of two different methods, it seems through to compare their entire life cycle cost that includes any repair and reconstruction/ remodeling expenses, thus generate overall quantitative analysis in objective perspective

Institutional political dynamics: political cycles between the liberal and the conservative

  • Kim, Dong-Hwan;Saeed, Khalid
    • Korean System Dynamics Review
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    • v.13 no.3
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    • pp.5-22
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    • 2012
  • Although many system dynamists point out the close relationship between institutional economics and system dynamics, the relationship between institutional political theory and system dynamics approach is not explicitly appreciated yet. We developed a system dynamics model to investigate theoretical propositions of institutional politics. Our system dynamics model showed how the endogenous mechanism can explain the political changes as well as orders. Although simple in the causal structure, our model could show a complex behavior of political competition. Several simulation results imply that some unexpected changes in election and power competition may come from the endogenous system rather than from exogenous factors such as economic and environmental shocks.

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An Analysis of Choice of Compensation Structures in Korean Technology Licensing from Abroad

  • Park, Hyun-Woo
    • Journal of Technology Innovation
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    • v.12 no.2
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    • pp.227-245
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    • 2004
  • Studies on compensation structures of international technology licensing show that the level of intellectual property protection in the host market and the favorableness of the host country's economic environment are positively related to the use of running royalty-based compensation structure. Lump-sum fee or fixed royalty compensation is more likely to be used in the introduction and decline stages of the technology life cycle, and running royalty compensation in the growth stage. The international experience and the size of the licensor company are positively related to the use of running royalty. In this theoretical context, this paper analyzes the choice of compensation structures in Korean technology imports. The paper uses the officially reported data to analyze the compensation structures. It analyzes the characteristics of the compensation structures in terms of fixed royalty and running royalty by licensor country, group of licensor countries and size of licensee companies.

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A Simulation Study on Plant Layout for Increasing Productivity (설비 Layout에 의한 생산성 향상을 위한 시뮬레이션 연구)

  • Lee, Seong-Gyu;Yang, Kwang-Mo;Yun, Jun-Seop;Gang, Gyeong-Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2005.11a
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    • pp.505-510
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    • 2005
  • The manufacturing industries which played a major role in the rapid economic growth and industrialization of Korea in the late 20th century had considerable difficulties changing their manufacturing conditions from producer-oriented conditions to customer-oriented ones according to market changes. In this study, increase plant efficiency because grafts together modular system to plant layout and analyzes Work In Process(WIP) between product's cycle time and each process, family efficient plan wishes to choose opposite bank. Simulation approach used for presented methodology The effect will not gain the results for other reasons the inherent conditions of companies, people, and culture which have been hitherto described, but will be expected to help the direction for a new Lay-out production system to reflect on the native conditions rather than fixed technological means and methods in way of an analysis of fundamental problems which small and medium companies in Korea face.

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Optimal AGC Control Parameter Tuning (자동발전제어(AGC) 최적튜닝에 관한 연구)

  • Oh, Chang-Soo;Song, Suk-Ha;Lee, Woon-Hee
    • Proceedings of the KIEE Conference
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    • 2008.11a
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    • pp.321-322
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    • 2008
  • Co-optimization of Gen. Speed Governor & AGC are essential to control proper Frequency control & Economic Dispatch. Improper AGC Control result in the decrease of Electricity frequency quality & Generator Life cycle by over-regulating each Generator. This paper presents a number of AGC Area/PLC parameter tuning technique & better performance results. This optimal tuning was studied & implemented by System Operation Dept Korea Power Exchange in 2007.

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An improved Ordering and Recovery Policy for Reusable Items (재활용품 제고시스템에 대한 주문 및 재생정책의 개선방안)

  • Jung, Jin-A;Koh, Shie-Gheun
    • Journal of Korean Institute of Industrial Engineers
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    • v.34 no.1
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    • pp.32-41
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    • 2008
  • This paper studies a joint EOQ and EPQ model in which a stationary demand can be satisfied by recycled products as well as newly purchased products. The model assumes that a fixed quantity of the used products are collected from customers and later recovered for reuse. The recovered products are regarded as perfectly new ones. We also assume that the number of orders for newly purchasing items and the number of recovery setups in a cycle can be mutually independent integers. Under these assumptions, we develop an optimization model obtaining the economic order quantity for newly procured products, the optimal lot size for the recovery process, and the sequence of the orders and the setups, simultaneously. And then a simple solution procedure to find a local optimal control parameter set is proposed. To validate the model and the solution procedure, finally, some computational experiments are presented.