• Journal of Navigation and Port Research
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• v.26 no.4
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• pp.373-381
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• 2002

There has been an interesting trend showing that the number of tankers owned by major oil company has been decreasing since the 1980s, while the number of tankers chartered by them is increasing. So do Korea oil refineries in the period 1990s. Therefore, the following question is raised： Why have oil refinery companies, national and international, been much more dependent upon chartered ships than their owned ships since 1980s\ulcorner This paper tried to answer the above question. In so, doing ten decision-making factors for fleet composition of oil tankers are drawn through literature survey on the research topic with questionnaires and interviews to the four big Korean oil refineries.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.12 no.20
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• pp.55-61
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• 1989

The main contribution this research is the development of methodology which is capable of solving problems associated with the capacity expansion and operating schedule of energy industries. The principal concern of such industries is the proper allocation of primary energy which are required for the production of sufficient supply of electricity and petroleum products for the Korea`s energy needs. Nonlinear programming models are developed for power generation expansion planning and for the oil refinery industry. In order to deal with uncertainties about future demands for final energy, chance-constrained programming is used to formulate appropriate constraints. The methodology of the model can be used to evaluate Korean energy and expansion planning in the energy industry, especially the electric power generation industry and the refinery industry.

• Journal of Korean Society of Water and Wastewater
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• v.24 no.4
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• pp.395-406
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• 2010

In this study, anaerobic digestion, electro-oxidation and electro-fenton oxidation processes were investigated to reduce oily refinery sludge. Anaerobic digestion process was not suitable for oily activated sludge reduction because of characteristics itself and, as experimental results revealed, reduction efficiency was low for electro-oxidation process. However, 40% total suspended solid reduction of oily activated sludge was obtained by electro-fenton oxidation process, operating at pH=1, 0.5 A and $Fe^{2+}$:$H_2O_2$ ratio = 1:30. In addition, higher reduction efficiency was obtained as reaction time was increased (30, 60, 90, 120 min) despite of low $H_2O_2$ concentration. From the results, it has been investigated that electro-fenton oxidation is efficient process for oily activated sludge reduction.

• Journal of the Korean Society of Systems Engineering
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• v.10 no.1
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• pp.1-15
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• 2014

Refinery plant producing petroleum products from crude oil has significantly contributed to the creation of the national interests as a leading engineering industries. However, domestic Engineering Procurement Construction (EPC) companies are facing heavy competition for orders. Domestic EPC companies as EPC contractors are faced with some problems such as undertaking responsibility for FEED packages produced by other FEED companies. But domestic EPC contractors are unfamiliar to development and validation of FEED packages. It causes poor profitability and lower competitiveness of domestic companies. It is necessary for domestic companies to have capability to perform FEED activities in order to overcome these limitations instead of focusing on EPC phase after FEED phase. The systematic procedure is needed to perform the FEED activities, however, there are present difficulties on it due to the lack of experience in FEED packages development which require various engineering knowledge of chemical process, mechanics, electrics, instrumentation, civil engineering. This study has applied systems engineering method which is multi-disciplinary approach to derive and verify the solution to meet the customer's needs when the complex system is developed to task execution process development of FEED activities for refinery plant. The problems that may occur in the future were identified in advance by taking into account the various stakeholders and system context through the application of systems engineering. It helps to develop the task execution process systematically. The developed task execution process of FEED activities is planned to make effectiveness verified by engineering professionals experienced in FEED and continually enhance this process by field application.

• Proceedings of the Korean Society for Bio-Environment Control Conference
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• 1996.05a
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• pp.63-73
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• 1996

The importance of plant factory which blend agriculture and manufacture has been discussed widely. This company has researched hydroponics technique for cultivation which has been mainly developed in the sites of Okinawa and Hyougo Prefecture. In 1987, we stopped the previous research there, and started a new one far plant factory at the Agricultural Research Center of Chiba Prefecture. In 1989, we built four experimental plant factories (120㎡) at Chiba Oil Factory Refinery in Ichihara-city, developing techniques of cultivation, equipment production and environmental control for cultivation system of tomato, strawberry and leaf vegetables. (omitted)

• Journal of Energy Engineering
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• v.24 no.3
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• pp.164-172
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• 2015

As the petroleum products produced from the Oil refinery industry (ORI), a national key industry in Korea, are supplied to other industries as an intermediate goods, the supply shortage of ORI has a large impact on the national economy. This paper attempts to analyze the supply shortage effects which are defined as the negative impact of one won of supply failure in the ORI on the production of other industries. To this end, an inter-industry analysis using an input-output (I-O) table describing inter-industry flow of intermediate goods is applied. More concretely, the supply-driven model is employed over the period 1990-2012. In addition, the results are compared with those for shipbuilding, semiconductor, and steel industries. The results show that the supply shortage effects are computed to be 0.9205 won when using 2012 I-O table. More specifically, the supply shortage effects on chemical products and transportation industries are computed to be 0.2113 and 0.1140, which are relatively large, The supply shortage effect of ORI is smaller than that of steel industry (1.4131 won), but larger than that of shipbuilding industry (0.0586 won) and that of semiconductor industry (0.1111 won).

• Bulletin of the Korean Chemical Society
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• v.35 no.1
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• pp.165-172
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• 2014

The distribution of basic nitrogen-containing compounds in three vacuum gas oils (VGOs) with different boiling ranges and their dewaxed oils from the lube base oil refining unit of a refinery were characterized by positive-ion electrospray ionization (ESI) Fourier transform-ion cyclotron resonance mass spectrometry (FT-ICR MS). It turned out that the composition of basic nitrogen compounds in the samples varied significantly in DBE and carbon number, and the dominant basic N-containing compounds in these oil samples were N1 class species. $N_1O_1$, $N_1O_2$, and $N_2$ class species with much lower relative abundance were also identified. The composition of basic nitrogen compounds in VGOs and dewaxed VGOs were correlated with increased boiling point and varied in DBE and carbon numbers. The comparison of the analytical results between VGOs and dewaxed VGOs indicated that more basic N-containing compounds in VGO with low carbon number and small molecular weight tend to be removed by solvent refining in lube base oil processing.

• Proceedings of the Korea Air Pollution Research Association Conference
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• 1999.10a
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• pp.445-446
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• 1999

근래 여천과 울산 석유화학 단지에서의 유해가스 및 폐수에 의한 환경공해는 심각하여 이제 본격적으로 규제에 진입하였다. 국내외의 환경에 대한 관심이 고조되고 생산 환경 변화에 따라 기존 생산 공정에서도 광해물질 배출과 사용 에너지를 최소화하는 공정 개선이 시급하게 되었다. 특히 기존의 제천 공장이나 석유화학 공장 등에서 배출하였던 가연성 악취 공해 부생가스들은 재처리를 의무화하고 있어 이를 효율적으로 이용 또는 처리할 수 있는 공정 개선이 꼭 필요하다.(중략)

• Journal of the Korean Applied Science and Technology
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• v.31 no.1
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• pp.151-158
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• 2014

Asphaltenes are generally defined by their solubility when a light alkane, such as n-heptane or n-pentane, is mixed with crude oils or oil sand bitumen. However, this definition is nowadays not enough to understand their behaviors during oil recovery, transport, storage, and even refinery operation. Interestingly, the researches regarding asphaltenes have been vastly presented within last decade. This is because the production of heavy oils is becoming larger and asphaltenes are known to play an important role in the property changes of heavy oils. In this paper, the researches regarding molecular weight, aggregation behavior of asphaltenes are introduced and discussed. It is expected that analytical studies will be appeared continuously in the form of global collaboration in order to describe asphaltene molecules as close as possible based on their origin.

• The Korean Journal of Financial Studies
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• v.7 no.1
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• pp.171-195
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• 2001

본 연구의 목적은 실물옵션이론을 바탕으로 정유회사의 가치평가기법을 제공하는 것이다. 정유회사는 가치평가를 위해서 회계적 가치외에 관리적 유연성(managerial flexibility)을 고려해야 하기 때문에 기존의 DCF방법을 적용하기 보다는 실물옵션방법을 이용하여야 한다. 관리적 유연성은 회사관리자가 적용가능한 생산관리적 기법으로서 회사의 미래현금흐름에 영향을 주고 따라서 회사의 가치에 영향을 미친다. DCF방법은 이러한 관리적 유연성을 적절히 고려하지 못하여 회사의 가치를 저평가하는 오류를 발생시킨다. 반면 실물옵션방법은 관리적 유연성을 가치평가에 있어서 주요 변수를 인식하기 때문에 정확한 가치평가의 수단이 된다. 옵션가격결정을 위한 기초자산은 크랙스프레드(crack Spread)이다. 크랙스프레드는 경유(heating oil)와 무연휘발유(unleaded gasoline)의 가격과 원유(crude oil) 가격의 차이를 나타내며 정유회사의 정유순익(gross refining margin)을 대표한다. 실물옵션방법에 의한 정유회사의 가치는 DCF방법에 의한 가치보다 두 배가 크다는 결론을 제시한다. 즉 관리적 유연성이 존재하는 회사의 경우는 가치평가에 있어서 실물옵션방법을 이용하여 가치를 저평가하는 오류를 범하지 않아야 한다.