• Title/Summary/Keyword: market stability

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Seafood Export Expansion Strategies - Focusing on Market Growth and Size - (수산물 수출 확대 전략 - 시장 성장성과 규모를 중심으로 -)

  • Jin Baek Kim;Dae-Young Kim
    • The Journal of Fisheries Business Administration
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    • v.54 no.4
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    • pp.19-45
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    • 2023
  • This study explores strategies to expand Korea's top 10 seafood export in the oversea market, with a specific focus on the impact of export concentration. For certain seafood items such as laver, crab, and mackerel, characterized by low export concentration, adopting a focused export expansion strategy is more effective. Conversely, highly concentrated seafood items such as toothfish, cod, pollack, and abalone face high risks in export performance due to their heavy reliance on a small number of key export countries. To ensure export stability, it is advisable to implement a diversified export expansion strategy for these highly concentrated seafood items. In the case of medium-concentration seafood items like tuna, oyster, and flounder, the decision between a concentrated or diversified strategy should be based on their specific export situations. Tailoring strategies to the distinctive market characteristics of each seafood item enables exporters to effectively increase oversea market share, promoting stability and sustained growth in export performance.

Power System Sensitivity Analysis for Probabilistic Small Signal Stability Assessment in a Deregulated Environment

  • Dong Zhao Yang;Pang Chee Khiang;Zhang Pei
    • International Journal of Control, Automation, and Systems
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    • v.3 no.spc2
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    • pp.355-362
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    • 2005
  • Deregulations and market practices in power industry have brought great challenges to the system planning area. In particular, they introduce a variety of uncertainties to system planning. New techniques are required to cope with such uncertainties. As a promising approach, probabilistic methods are attracting more and more attentions by system planners. In small signal stability analysis, generation control parameters play an important role in determining the stability margin. The objective of this paper is to investigate power system state matrix sensitivity characteristics with respect to system parameter uncertainties with analytical and numerical approaches and to identify those parameters have great impact on system eigenvalues, therefore, the system stability properties. Those identified parameter variations need to be investigated with priority. The results can be used to help Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs) perform planning studies under the open access environment.

A Study on The Available Transfer Capability(ATC) with Transient Stability Constraints (과도 안정도를 고려한 가용송전용량(ATC) 계산에 관한 연구)

  • Kim, Yang-Il;Jeong, Sung-Won;Gim, Jae-Hyeon
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.3
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    • pp.437-443
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    • 2009
  • In recent years, electric power systems have been experiencing a rapid change due to the increasing electricity market. For the effective use of power system under the deregulated environment, it is important to make a fast and accurate calculation of the maximum available transfer capability (ATC) from a supply point to a demand point. In this paper, the purpose of this research is to calculate ATC fast and accurately for securing the stability of system and raising the efficiency as a result of anticipating transmission congestion according to transmission open access progressed in the future under the regulated environment of electricity market. In this paper, a study utilized a relation of the potential energy and energy function by which calculated CCT and then utilized a relation of PEBS for transient stability ATC calculation. In this paper, ATC was calculated as RPF and Energy Function method and calculation results of each method was compared. Contingence ranking method decided the weak bus by the Eigenvalues of Jacobian matrix and overloading branches by PI-index. As a result, a study proved the fast and accurate ATC calculation method considering transient stability suggested in this paper. Through the case study using New England 39 bus system, it is confirmed that the proposed method can be used for real time operation and the planning of electric market.

Family, State, and Community Sources of Income Stability (가족.국가.공동체의 소득 안정화 효과 분석)

  • Hong, Kyung-Zoon
    • Korean Journal of Social Welfare
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    • v.54
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    • pp.321-345
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    • 2003
  • Aggregate income stability depends heavily on labor market institutions that stabilize or de-stabilize earnings. But, with the expansion of sate welfare programmes, public income transfers are also important sources of income stability for individual and families. Moreover, income stability is determinant factor of individual and family well being, there are another strategies of income stability in society. Family-based and community-based strategies are particularly important. Accordingly, the distribution of income stability in a given society depends on such institutional arrangements as market, family, state, and community. The purpose of this study is to analyse the income stabilizing role of family, state, and community. I found that stabilizing effect of the family and community was very strong in Korea. When institutional features of labor market and the state leave individuals exposed to market risk, they may be respond by relying more on family-based or community-based strategies of income stabilization. But, I can't deny the possibility of an inadequacy of these strategies in according to the rapid changes of family structures and informal networks. Therefore, state-based strategies of income stabilization should be more strengthened in Korea.

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A Study on the Sudden Stop in Capital Flows and Foreign Exchange and Distribution Market Stability (자본유출입 급변동과 외환 및 유통시장 안정성에 관한 연구)

  • Kim, Yoon-Chul;Yi, Myung-Hoon
    • Journal of Distribution Science
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    • v.14 no.12
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    • pp.79-87
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    • 2016
  • Purpose - Since 1990, the sudden stop in capital flows has caused the economic crisis. The purpose of this research is to suggest the policy measures to mitigate the risk of the sudden stop in capital flows. To this end, we examine the theoretical framework and analyze the case study for countries which are faced with the sudden stop. Also we examine the structural problems of the foreign exchange market in Korea and derive the policy implications to prevent the sudden stop. Research design, data, and methodology - The criteria of whether the sudden stop in capital flows occurs are based upon Calvo et al. (2008). In case the proxy variable for the balance of capital account decreases from the average by over twice standard deviation, we determine that the sudden stop occurs for that country. The sample period is from January 1990 to December 2008, as in Calvo (2014). The sample countries are 17 developed countries and 19 emerging market countries, which are different from those of the previous papers as Agosin and Huaita (2012), and Calvo (2014). When the exchange market pressure index(EMPI) is deviated from the average by over three times standard deviation, we determine that the foreign exchange market is unstable for that country. Results - We find that the characteristics of the sudden stop in capital flows are the bunching or contagion among countries, the rapid drop in real effective exchange rate, and the huge decrease in foreign exchange reserves. Many countries tried to increase foreign exchange reserves and regulate capital flows. Also the foreign exchange market in Korea are found to be the volatile exchange rate, the vulnerable external debt and careless management of the foreign exchange derivatives transaction risk. Conclusions - To lessen the risk in the sudden stop of capital flows, this research suggests the some useful policy measures. To enhance the foreign exchange and distribution market stability, we should improve the price mechanism of exchange rate, hold the appropriate level of foreign exchange reserves, prevent excessive inflows of foreign exchange and promote sound transactions of foreign exchange derivatives.

Cross-Border Asset Pledgeability for Enhanced Financial Stability

  • Choi, Gongpil
    • East Asian Economic Review
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    • v.24 no.1
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    • pp.89-124
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    • 2020
  • Even with the sizable Foreign Exchange (FX) holdings and good credit ratings of its top assets, Asia remains vulnerable to various shocks. This paper highlights the limited cross-border asset pledgeability as a significant factor for the lingering vulnerability in Asia. The dichotomy in asset holdings between pledgeable FX and non-pledgeable domestic assets in major economies in Asia has been the source of increasing stabilization costs as well as weakened market momentum in the region. Specifically, the peculiar feature of asset holdings in Asia reflects seriously deficient cross-border asset pledgeability that is left unaddressed. Asset pledgeability contributes toward financial stability via three channels: 1) capital market development by recognizing the role of collateral, 2) increased shock absorption capacity via collateral management, 3) and the newly activated safe asset provision. Therefore, it is crucial to go beyond the usual market development strategy and expand the overall asset pledgeability in the region that has remained unduly depressed.

Research on desorption and stability of benzene, toluene, acetone and n-hexane of activated carbon acquired from domestic market (국내 시판 중인 활성탄을 이용한 벤젠, 톨루엔, 아세톤 및 노말 헥산의 탈착 및 저장성 평가 연구)

  • Lee, Naroo;Yi, Gwangyong
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.24 no.3
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    • pp.353-358
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    • 2014
  • Purpose: This study was conducted to evaluate desorption efficiency and storage stability on activated carbon acquired form domestic market. Materials: Mixture of acetone, benzene, normal hexane and toluene was injected on four types of charcoal 100 mg. After overnight, charcoal was desorbed by carbon disulfide $1m{\ell}$ and analyzed by gas chromatography with flame ionization detector. Results: Desorption efficiency of benzene, normal hexane and toluene in charcoal tubes were 95% ~ 105%. But desorption efficiency of acetone in charcoal tubes was below 75% and different from types of charcoal. The more injected amount of acetone on charcoal showed higher desorption efficiency. Acetone injected on charcoal tubes migrated from front section into back section after 10 days storage at room temperature. Conclusions: Desorption efficiency and storage stability of activated carbon acquired from domestic market was good for benzene, normal hexane and toluene. The activated carbon acquired from domestic market has ability to be used as sampling media.

Evaluating Construction Market of ASEAN Nations

  • Kim, Hwarang;Lim, Jangsik;Ock, Jongho;Jang, Hyounseung
    • International conference on construction engineering and project management
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    • 2020.12a
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    • pp.216-222
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    • 2020
  • This research evaluated the construction market and project environment of nine nations within the ASEAN members. Quantitative data from global consulting firms and international organizations were identified and normalized for evaluation. The result of the analysis was that Indonesia was ranked highest for construction market growth while Singapore was ranked highest for stability of project environment. The research results can be utilized by construction companies that are planning on entering the construction market within the ASEAN members.

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Nodal price of the power system considering voltage and transient stability (전압안정도 및 과도 안정도틀 고려한 모선가격 산정)

  • Kim, Yong-Ha;Lee, Bum;Choi, Sang-Gyu;Jo, Sung-Lin;Jung, Hyeon-Sung;Oh, Suk-Hyeon;Kim, Dong-Geun
    • Proceedings of the KIEE Conference
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    • 2006.07a
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    • pp.129-130
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    • 2006
  • This paper presents a optimal power flow calculation algorithm considering voltage and transient stability. In this method, voltage stability margin and transient stability constraints is incorporated into a optimal power flow calculation formulation to guarantee adequate voltage and transient security levels in power system. In addition, this paper provides the Effect of Nodal Price and decomposed Element in Power System Operation. This Effect can be applied in the Estimation of Electric rates because the Electric market will be Competitive Market. The proposed method is applied to IEEE-24 Reliability Test System and the results shows the effectiveness of the method.

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A Dispatch Algorithm with Transient Stability Constraints by using Energy Margin (에너지 마진을 이용한 과도안정도 제약 급전 알고리즘)

  • Jung Yun-Jae;Chang Dong-Hwan;Chun Yeonghan
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.1
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    • pp.1-6
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    • 2006
  • The emergence of competitive power market makes dispatch algorithm with transient stability constraints increasingly important for the transparent power system operation. Heuristic and off-line evaluation for the operation point can produce a discrimination among market players in the deregulated power system. In this paper, a dispatch algorithm with transient stability constraints is proposed. Energy margin under the TEF(Transient Energy Function) structure is adopted as a measure for the stability index. Implementation issues and simulation results are discussed in the context of a 10-bus system