• Title/Summary/Keyword: Fuel Oil Price

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Study on the Fueling Economic Feasibility of Plug-in Hybrid Electric Vehicle (플러그인 하이브리드 전기자동차의 연료 경제성에 관한 연구)

  • Roh, Chul-Woo;Kim, Min-Soo
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.33 no.4
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    • pp.255-263
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    • 2009
  • The most concerning issue of these days is the energy crisis caused by increasing threat of dependence on imported oil and volatile market trend. Under these circumstances, the PHEV(plug-in hybrid electric vehicle) is drawing attention for the next generation's car which could give a chance to decrease the dependence on imported oil and reduce the environmental impact of vehicle. The fueling cost of PHEV, one of the core factor of decision about buying car, should be calculated in the circumstances of Korea to make sure that PHEV has competitive power in real market. The fuel cost saving of PHEV versus CV(conventional vehicle) is simulated and discussed in the condition of increasing gasoline cost, electricity rate, and city-gas rate. In conclusion, the PHEV60-FS shows the best economic feasibility when gasoline price goes up. The PHEV20 has the most stable economic feasibility as electricity rate increases. The fuel cell cogeneration system for RPG could be an alternative for charger of PHEV in the near future.

An Error Correction Model for Long Term Forecast of System Marginal Price (전력 계통한계가격 장기예측을 위한 오차수정모형)

  • Shin, Sukha;Yoo, Hanwook
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.6
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    • pp.453-459
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    • 2021
  • The system marginal price of electricity is the amount paid to all the generating units, which is an important decision-making factor for the construction and maintenance of an electrical power unit. In this paper, we suggest a long-term forecasting model for calculating the system marginal price based on prices of natural gas and oil. As most variables used in the analysis are nonstationary time series, the long run relationship among the variables should be examined by cointegration tests. The forecasting model is similar to an error correction model which consists of a long run cointegrating equation and another equation for short run dynamics. To mitigate the robustness issue arising from the relatively small data sample, this study employs various testing and estimating methods. Compared to previous studies, this paper considers multiple fuel prices in the forecasting model of system marginal price, and provides greater emphasis on the robustness of analysis. As none of the cointegrating relations associated with system marginal price, natural gas price and oil price are excluded, three error correction models are estimated. Considering the root mean squared error and mean absolute error, the model based on the cointegrating relation between system marginal price and natural gas price performs best in the out-of-sample forecast.

Analysis of Load Pattern and Generation Cost in Midnight Power Services (심야전력 보급증가와 부하패턴 및 발전비용의 영향)

  • Kim, C.S.;Rhee, C.H.;Park, J.J.
    • Proceedings of the KIEE Conference
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    • 2001.07a
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    • pp.547-549
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    • 2001
  • Recently, heating using oil and gas has been continuously replaced by that using midnight power in home, due to increase of oil price. Therefore, midnight power apparatus has been more and more spreading. However, cost of midnight power services is increasing because high fuel cost of generation facilities by existing power generation mix are charge of midnight power services. This paper analyzes trends about rapidly increasing midnight power in winter, and evaluate load pattern and supply cost of midnight power. Also, this study proposes rate direction of midnight power according to introduction of competitiveness system with B/C evaluation of midnight power cost.

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A New Approach to the High Efficiency of Hydraulic Excavator (유압식 굴삭기의 고효율 화에 관한 새로운 접근)

  • Lee, Y.B.
    • Journal of Drive and Control
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    • v.11 no.4
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    • pp.39-45
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    • 2014
  • With recent oil price increases, the fuel efficiency of hydraulic excavators has become a serious issue. Researchers have considered weight lightening by high pressurization in order to improve the efficiency of the excavator and pump controlled actuation (PCA) and to reduce pressure loss of hybrid and valves using mechanical inertia. However, high pressurization is not very effective because the excavator operates at a low speed; a hybrid is inefficient because little accumulated inertial energy is accumulated; and PCA is ineffective because control precision and responsibility are low. In this study, a method to minimize air and gas in hydraulic oil has been presented as a simple and new way to increase hydraulic efficiency.

A Study on Recycling of Waste Tire (폐타이어 재 자원화를 위한 연구)

  • 이석일
    • Journal of Environmental Health Sciences
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    • v.26 no.4
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    • pp.38-44
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    • 2000
  • Compared to other waste, waste tire has much discharge quantity and calorie. When we use waste heat from waste tire, it can be definitely better substitute energy than coal and anthracite in high oil price age. To use as a basic data for providing low cost and highly effective heating system, following conclusion was founded. Annual waste tire production was 19,596 million in 1999, Recycling ratio was almost 55% and more than 8.78 million was stored. Waste tire has lower than 1.5% sulfur contain ratio which is resource of an pollution, So it is a waste fuel which can be combustion based on current exhaust standard value without any extra SOx exclusion materials. Waste tire has 9,256Kcal/kg calorific value and it is higher than waste rubber, waste rubber, waste energy as same as B-C oil. When primary and second air quantity was 1.6, 8.0 Nm$^3$/min, dry gas production time was 270min and total combustion time was 360 min. In the SOx, NOx, HC of air pollution material density were lower than exhaust standard value at the back of cyclone and dusty than exhaust standard value without dust collector.

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A Study on the Determinants Affecting Global Tramper Companies' Bunkering Port Selection Using AHP Method (AHP를 활용한 부정기선사의 벙커링 항만 선정요인에 대한 연구)

  • Ahn, Ji Young;Ryu, Hee Chan;Lee, Choong-bae
    • Journal of Korea Port Economic Association
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    • v.38 no.3
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    • pp.15-28
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    • 2022
  • Bunkering refers to the supply of bunker fuel necessary for the ship operation, as well as minimizing the price and supply cost of fuel itself, and includes supplying good quality fuel oil in a timely manner and at the optimal port. Bunkering is an important criterion in terms of cost for shipping companies because bunkering involves a significant cost to the purchaser of bunkering from the time of initial purchase. This study aims to prioritize selection criteria for tramper companies to call port for bunkering. For this study, the variables were selected by analyzing the common criteria such as price, location, bunker quality and service and infrastructure etc. employed in previous studies. The AHP method was employed to prioritize the criteria in order. As a result of the analysis, the high level factors appeared in the order of price, location, bunkering quality and port service and infrastructure factors. The importance of price criterion and location criterion was found to be high. In the low level criterion of price, the bunker price per MT was ranked first in importance. In terms of location criteria, the location on the main trade route was high. In the low criteria of bunker quality and port service, the bunkering available types and bunker quality were found to be important factors, and in the low level criteria of infrastructure, anchorage and availability of bunkering during loading and discharging and port security factors were found to be important criteria. This study provides the guidelines for research designed to compare the bunkering port selection factors and to derive their importance suggesting the ways to enhance competitiveness as a bunkering port.

The Combustion Characteristics of Biodiesel/Diesel Fuel Blends (바이오디젤/디젤 혼합 연료유의 연소 특성)

  • Song, Young-Ho;Ha, Dong-Myeong;Chung, Kook-Sam
    • Proceedings of the Korea Institute of Fire Science and Engineering Conference
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    • 2008.11a
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    • pp.35-40
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    • 2008
  • As the environmental pollution by the drastic increase of vehicles becomes one of the social major concerns, the method of reducing the harmful exhaust emission is being the subject of interest. Utilization of used frying oil as a raw material for biodiesel production is helpful not only for the stable supply of raw materials but also costing down the biodiesel price. This study was conducted the measurement the combustion and thermal characteristics with mixing ratio of biodiesel/diesel fuel. In this study, flash points and fire points were measured by using Tag Closed cup apparatus and Cleveland open cup apparatus. As the result, flash points, fire points and AIT increased with percentage of more contained biodiesel.

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Development of Brushless DC Motor for 0.5[kW] Air Compressor of Electric Vehicle (전기자동차용 0.5[kW]급 공기압축기의 브러시리스 직류전동기 개발)

  • Han, Man-Seung;Hong, Song-Ryul;Jo, Ju-Hee;Lee, Sang-Hun;Park, Seong-Jun;Kim, Dae-Kyong
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.26 no.8
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    • pp.71-78
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    • 2012
  • Recently, it is increased to apply sensorless drive for BLDC (Brushless DC) motor to maximize operating efficiency and fuel efficiency to an electrical component of (H)EV. Especially, Electric vehicle component promotes a fuel efficiency enhancement by the carbon dioxide emissions regulation of a vehicle becoming the principal of the environmental pollution globally, the oil price hike that continued increasingly. We suggested the air compressor which applied BLDC motor for electric vehicle component and compared suggested BLDC motor with the conventional DC motor. The experimental results show that the driving efficiency was increased and was inproved compressive force by suggested BLDC motor.

A Study on Optimal Design and Operational Features of a Stand-alone 500W PEMFC System (독립형 500W PEMFC 시스템의 최적 설계 및 구동 특성에 관한 연구)

  • Park, Se-Joon;Ha, Min-Ho;Choi, Hong-Jun;Cha, In-Su;Yoon, Jeong-Phil;Lim, Jung-Yeol
    • Proceedings of the KIPE Conference
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    • 2008.06a
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    • pp.320-322
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    • 2008
  • The international oil price now has been going up every each day, about 120 USD per a gallon April 2008, so that most of countries in the world are concern of the the shortage of petroleum and the development of new and renewable energy resources. This paper presents optimal design and operational features of stand-alone 500W PEMFC(Proton Exchange Membrane Fuel Cell) system which can be a substitute instead fossil fuel. The stack of PEMFC is composed of 35 laminated graphites, and a unit cell of the stack has electrical characteristics as below; 14W, 0.9V, 15A. The other components of BOP(Balance of Plant) are composed of hydrogen and nitrogen tanks, regulators, 3way solenoid valves, mass flow meters, etc.

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An Experimental Study on the Spray and Lean Combustion Characteristics of Bio-enthanol-Gasoline Blended Fuel of GDI (직접분사식 바이오에탄올-가솔린 혼합연료의 분무 및 희박연소 특성에 관한 실험적 연구)

  • Park, Gi-Young;Kang, Seok-Ho;Kim, In-Gu;Lim, Cheol-Soo;Kim, Jae-Man;Cho, Yong-Seok;Lee, Seong-Wock
    • Journal of ILASS-Korea
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    • v.19 no.3
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    • pp.115-122
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    • 2014
  • As a demand for an automobile increases, air pollution and a problem of the energy resources come to the fore in the world. Consequently, governments of every country established ordinances for green-house gas reduction and improvement of air pollution problem. Especially, as international oil price increases, engine using clean energy are being developed competitively with alternative transportation energy sources development policy as the center. Bio ethanol, one of the renewable energy produced from biomass, gained spotlight for transportation energy sources. Studies are in progress to improve fuel supply methods and combustion methods which are key features, one of the engine technologies. DI(Direct Injection), which can reduce fuel consumption rate by injecting fuel directly into the cylinder, is being studied for Green-house gas reduction and fuel economy enhancement at SI(Spark Ignition). GDI(Galoine Direct Injection) has an advantage to meet the regulations for fuel efficiency and $CO_2$ emissions. However it produces increased number of ultrafine particles, that yet received attention in the existing port-injection system, and NOX. As fuel is injected into the cylinder with high-pressure, a proper injection strategy is required by characteristics of a fuel. Especially, when alcohol type fuel is considered. In this study, we tried to get a base data bio-ethanol mixture in GDI, and combustion for optimization. We set fuel mixture rate and fuel injection pressure as parameters and took a picture with a high speed camera after gasoline-ethanol mixture fuel was injected into a constant volume combustion chamber. We figured out spraying characteristic according to parameters. Also, we determine combustion characteristics by measuring emissions and analyzing combustion.