• Title/Summary/Keyword: Gas Distribution Industry

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A Comparative Analysis on Productivity in Gas Distribution Industry Between Korea and Japan (한.일 도시가스산업의 생산성 비교분석)

  • Choi, In-Su;Do, Bum-Sung;Park, Chang-Soo;Park, Jung-Gu
    • Journal of the Korean Institute of Gas
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    • v.13 no.2
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    • pp.14-22
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    • 2009
  • This article makes a comparative analysis on the productivity in gas distribution industry between Korea and Japan, using Malmquist productivity index(MPI). The estimated MPI during $1997{\sim}2005$ shows that the productivity of Korean gas distribution industry has been generally higher than that of Japanese gas distribution industry. But Korean MPI made a drastic change from positive improvement (+ 0.37) during $1997{\sim}2000$ to severe deterioration (-0.60) during $2001{\sim}2005$, while Japan MPI has seldom changed. This change of Korean MPI is analyzed to result from the worsening of technical change rather than technical efficiency change. According to this result, Korean gas distribution industry needs to improve the technical change.

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Application of Environmental Management System Model for the Local Food Industry and the Analysis (로컬푸드산업의 환경경영시스템 모델 적용 분석)

  • Cho, Chang-Duk;Park, Dea-Woo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.11 no.2
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    • pp.233-247
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    • 2016
  • Local food industry has been spreading all over the world. Korea is also actively applying and developing local food industry. However, relatively high distribution cost in Korean agricultural market is hindering its further growth. Distribution cost has close relation with shipping distance. Raised distribution cost brings major impacts not only on quality and price of products but also on greenhouse gas(carbon dioxide) emissions. Therefore, it is necessary to find a solution for inefficient distribution system of the local food industry to reduce overall cost and greenhouse gas. In this study, we present a location selection model for local food regional center using Analytic Hierarchy Process. The location of local food regional hub center is decided based on expert opinions on five factors: accessibility, quality, population, size of area, and shipping distance. The relative importance of the five factors has been concluded as follows: quality (0.430) ${\gg}$ population (0.262) ${\gg}$ travel distance (0.201) ${\gg}$ accessibility (0.075) ${\gg}$ and area (0.033). We apply and analyze the environmental management system model for Local food industry to develop the regional hub center site selection criteria and to analyze the effects of greenhouse gas emissions in the local food industry. This study, by applying and analyzing the environmental management system of the local food industry, is believed to be a valuable asset for managing greenhouse gas emission in the local food industry. Also, the data will be used for the autonomous local food industry's direct sales stall management. Eventually, this study will contribute so greatly to the local food industry's competitiveness that even large distribution companies will give way for the local food industry.

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The Impact of COVID-19 on Stock Price: An Application of Event Study Method in Vietnam

  • PHUONG, Lai Cao Mai
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.523-531
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    • 2021
  • Vietnam's Oil and gas industry make a significant contribution to the Gross Domestic Product of Vietnam. The ongoing COVID-19 pandemic has hit every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The purpose of this article is to examine how the COVID-19 pandemic affects the share price of the Vietnam Oil and Gas industry. The event study method applied to Oil and Gas industry index data around three event days includes: (i) The date Vietnam recognized the first patient to be COVID-19 positive was January 23, 2020; (ii) The second outbreak of COVID-19 infection in the community began on March 6, 2020; (iii) The date (30/3/2020) when Vietnam announced the COVID-19 epidemic in the whole territory. This study found that the share price of the Vietnam Oil and Gas industry responded positively after the event (iii) which is manifested by the cumulative abnormal return of CAR (0; 3] = 3.8% and statistically significant at 5 %. In the study, event (ii) has the most negative and strong impact on Oil and Gas stock prices. Events (i) favor negative effects, events (iii) favor positive effects, but abnormal return change sign quickly from positive to negative after the event date and statistically significant shows the change on investors' psychology.

The Status of Domestic Hydrogen Production, Consumption, and Distribution (국내 수소 생산, 소비 및 유통 현황)

  • Gim, Bong-Jin;Kim, Jong-Wook;Choi, Sang-Jin
    • Journal of Hydrogen and New Energy
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    • v.16 no.4
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    • pp.391-399
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    • 2005
  • This paper deals with the survey of domestic hydrogen production, consumption, and distribution. The amount of domestic hydrogen production and consumption has not been identified, and we survey the amount of domestic hydrogen production and consumption by industries. The hydrogen production industries are classified into the oil industry, the petrochemical industry, the chemical industry, and the other industry. In 2004, the amount of domestic hydrogen production was 972,601 ton, which corresponded to 1.9% of the global hydrogen production. The oil industry produced 635,683 ton(65.4%), the petrochemical industry produced 241,970 ton(24.9%), the chemical industry produced 66,250 ton(6.8%), the other industry produced 28,698 ton(2.9%). The hydrogen consumptions of corresponding industries were close to the hydrogen productions of industries except that of the other industry. Most hydrogen was used as non-energy for raw materials and hydrogen additions to the process. Only 122,743 ton(12.6%) of domestic hydrogen was used as energy for heating boilers. In 2004, 47,948 ton of domestic hydrogen was distributed. The market shares of pipeline, tube trailers and cylinders were 84.4% and 15.6%, respectively. The purity of 31,848 ton(66.4%) of the distributed hydrogen was 99.99%, and 16,100 ton(33.6%) was greater than or equal to 99.999%. Besides domestic hydrogen, we also identify the byproduct gases which contain hydrogen. The iron industry produces COG( coke oven gas), BFG(blast furnace gas), and LDG(Lintz Donawitz converter gas) that contain hydrogen. In 2004, byproduct gases of the iron industry contained 355,000 ton of hydrogen.

Determinants Affecting Profitability of Firms: A Study of Oil and Gas Industry in Vietnam

  • BUI, Men Thi;NGUYEN, Hieu Minh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.599-608
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    • 2021
  • The oil and gas industry is widely known as a vital engine of Vietnam development, stimulating researchers to examine the association of various factors with this industry. The aim of this study is to identify the relationship between different variables affecting profitability of the firms in the oil and gas sector in Vietnam. The total of 203 samples were collected from 29 companies listed on Vietnam Stock Market during a 6-year period from 2012 to 2018. Informed by prior research, this investigation employs financial leverage (FL), government ownership (GOV), dividend payout (DIV), fixed assets to total assets (FA) and exchange rate (EXR) as independent variables, while the profit is described by return-on-assets (ROA). The study results show that there are four factors that have an impact on ROA, namely, leverage, government ownership, dividend, and exchange rate. Whereas leverage and exchange rate have negative influence on ROA, government ownership and dividend payment have a positive effect. The findings of this study suggest that high debt ratio in capital structure and the negative effect of exchange rate on their companies' efficiency can adversely affect the profit of enterprises. Also, plausible extent of government ownership and dividend payment could also be considered to optimize corporate performance.

A Density Dependent Study on YHB RDF of Gaseous CO Molecule (밀도변화에 따른 CO기체 분자으I YHB 동경분포함수에 대한 연구)

  • Yoon, Jong Ho;Kim, Hae Won
    • Applied Chemistry for Engineering
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    • v.10 no.3
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    • pp.456-460
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    • 1999
  • The YHB radial distribution functions of a linear gas molecule CO were calculated by a computer within the Stockmayer molecular potential molel, which assumed thc CO molecule as a simple dipolar molecule. To examine the validity of the obtained YHB radial distribution of CO gas molecule, the density dependent pressures of CO at several temperatures were also calculated. The calculated pressures showed a good agreement with literially known experimental CO pressure data. The temperatures examined were 273, 298, and 373 K and the densities were up to $0.013/{\AA}^3$ (maximum pressure = 1000 atm). Since the calculated pressures showed a good agreement with the experimental values, the obtained YHB radial distribution functions of CO molecule seemed good enough to obtain and predict various equilibrium physical and chemical quantities of CO molecule sensitive to density such as pressure. It was also found that in CO gas system the dipole-dipole interaction is effective up to approximately 2.5 molecular diameter.

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APPLICATION OF CFD SIMULATION IN SIC-CVD PROCESS (SiC-CVD 공정에서 CFD 시뮬레이션의 응용)

  • Kim, J.W.;Han, Y.S.;Choi, K.;Lee, J.H.
    • Journal of computational fluids engineering
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    • v.18 no.3
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    • pp.67-71
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    • 2013
  • Recently, the rapid development of the semiconductor industry induces the prompt technical progress in the area of device integration and the application of large diameter wafers for the price competitiveness. As a result of the usage of large wafers in the semiconductor industry, the silicon carbide components which have layers of silicon carbide on graphite or RBSC substrates is getting widely used due to the advantages of SiC such as high hardness and strength, chemical and ionic resistant to all the environments superior than other ceramic materials. For the uniform and homogeneous deposition of silicon carbide on these huge components, it needs to know about the gas flow in the CVD reactor, not only for the delicate adjustment of the process variables but more essentially for the cost reduction for the shape change of specimens and their holders on the stage of reactor. In this research, the CFD simulation is challenged for the prediction of the inner distribution of the gas velocity. Chemical reaction simulation is used to predict the distribution of concentration of the reacting gas with the rotating velocity of the stage. With the increase of the rotating speed, more uniform distribution of the reacting gas on the surface of the stage was obtained.

The Impact of Social Media on Firm Value: A Case Study of Oil and Gas Firms in Indonesia

  • NUR D.P., Emrinaldi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.987-996
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    • 2021
  • The development of Internet technology can affect firm value through the use of social media by business people. Nowadays, social media affect businesses of all sizes in several different ways. Despite the various benefits obtained by using social media, research at the organizational level and its impact on business performance have not grown as fast as desired. This research aims to examine the effect of social media on oil and gas firms' value. The research sample consists of 9 oil and gas firms listed on the Indonesian Stock Exchange 2013-2018. Social media proxies are firms' social media, other social media mentions, and social media sentiment. Firm value is measured by the market value to assets ratio. Data analysis uses a random-effect regression test. Based on the analysis, the social media account of a firm has a positive effect on firm value. It indicates that social media give advantages for oil and gas firms to give a signal of business prospect, make use of opportunities related to industry alliances, recruit employees globally, and c. On the other hand, the positive sentiment on social media has no effect on oil and gas firms' value.

A Study on the Flow Characteristics in Ejector by PIV and CFD (PIV와 CFD에 의한 Ejector내의 유동특성 연구)

  • Park, Ji-Man;Lee, Haeng-Nam;Park, Kil-Moon;Lee, Duk-Gu;Sul, Jae-Lim
    • Proceedings of the KSME Conference
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    • 2003.11a
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    • pp.723-728
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    • 2003
  • The Ejector is used to get low pressure, and it has been applied to a lot of industry field like the heat engine, the fluid instrument power plant, the food industry, environment industry etc... because there are not any problem even it is mixed with a any kind of liquid, gas, and solid. The flow characteristics in ejector are investigated by PIV and CFD. The experiment using PIV measurement for mixing pipe's flow characteristics acquired velocity distribution, kinetic energy distribution, and whirlpool . (Condition : when mixing pipe's diameter ratio is 1:1.9, and the flux is $Q_{1}=1.136{\imath}/s$, $Q_{2}=1.706{\imath}/s$, $Q_{3}=2.276{\imath}/s$. Based on the PIV and the CFD results, the flow characteristics in ejector are discussed, and it shows the validity of this study.

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A study on Removal of $NH_3$ Gas in a Towar using a Ralu-Pack 250YC as a Packing Material (Ralu-Pack 250YC를 충전한 충전탑에서 암모니아가스 제거에 관한 연구)

  • 김석택
    • Journal of Environmental Science International
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    • v.9 no.5
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    • pp.389-392
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    • 2000
  • In this study a packed tower was selected for the treatment apparatus of $NH_3$ gas produced in industry. Formerly latticework packing has been used in preventive facility of treatment of $NH_3$ gas. However recently metallic Ralu-Pack 250YC. structured packing is usually being used in petrochemical production plant. This study is for the application the packing to the $NH_3$ gas treatment in wet scrubbing process. In Air/water system hydraulic pressure drop dependent of specific liquid load and gas capacity factor was continuous and parallel from graph. The tower height can be determuined by the number of transfer unit and the height of transfer unit influenced on liquid distribution.

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