• Journal of The Korean Society of Agricultural Engineers
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• 제57권6호
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• pp.9-20
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• 2015

The demand of renewable energy is expected to grow in the long run in spite of current stable lower oil prices. Energy consumption for heating in horticulture greenhouse is large and affects the profits of the farms. This study analyzed the availability of biomass in rural area and proposed the strategies for utilizing the biomass for greenhouse heating. Data reveal the annual average fuel consumption in greenhouses is about 78 TOE/ha. Considering biomass resource in rural areas, agricultural residues are not sufficient to meet the biomass demand from greenhouses. Therefore it is recommended to secure further biomass including wild herbaceous biomass and woody biomass from forest. Based on the conditions of biomass gasification equipment investment and fuel prices, maximum allowable price of biomass turned out about 100,000 KRW/t to be competitive to kerosine. Biomass supply chain should be established for facilitating biomass trading between biomass consumers and biomass producers such as farmers who provide crop residues. An online trading system is an example of the system where consumers who utilize biomass make payments to suppliers and get the information about the biomass. Intermediate collection storages are required to store biomass from distributed sources. Operation of biomass heating systems in demonstration greenhouses is necessary to get information to refine and further develop commercial biomass heating systems. Relatively large greenhouses are desirable to have biomass heating systems for economic viability. The location of the greenhouse farms should be selected within the area where enough biomass resources are available for feeding the biomass facility.

• Journal of the Korea Academia-Industrial cooperation Society
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• 제10권7호
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• pp.1740-1749
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• 2009

As mobile devices evolve and digital convergence trend is here to stay, mobile phones are built with multiple functions including cameras, MP3s, TVs and game consoles. As a consequence, such multi-functional mobile phones come to spend more power, facilitating development of next-generation ultra-capacity lithium ion battery. In addition, environmental regulations and rising oil prices cause demand for hybrid cars to keep rising. Accordingly, more and more attention is being paid to medium and large batteries and more efforts are being made to realize lower battery prices, higher outputs and stability. This study presented a patent technology related to the lithium ion battery packing that allows reducing processes related, increasing productivity and recycling parts other than the body. The lithium ion battery pack to which protection circuits are elastically attached provides short circuit protection for the circuit and the body and makes electric connection of the circuit and the body easier.

• Ocean and Polar Research
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• 제34권4호
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• pp.365-384
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• 2012

Microalgae are photosynthetic microorganisms that are highly productive in the presence of basic renewable natural sources (light, $CO_2$, water and nutrients). They can synthesize lipids, carbohydrates and proteins in a small number of days. Subsequently, these carbon-captured products can be processed into both biofuels and valuable co-products. Additionally, microalgae would be an ideal feedstock for replacing land-based food crops with cellular products as high energy density transportation fuels. These microscopic organisms could contribute a significant amount of renewable energy on a global scale. In Korea, microalgae biofuel research was common in the early 1990s. The research activities were unfortunately stopped due to limited governmental funds and low petroleum prices. Interest in algal biofuels in Korea has been growing recently due to an increased concern over oil prices, energy security, greenhouse gas emissions, and the potential for other biofuel feedstock to compete for limited agricultural resources. The high productivity of microalgae suggests that much of the Korean transportation fuel requirements can be met by biofuels at a production cost competitive with the increasing cost of petroleum seen in early 2008. At this time, the development of microlalgal biomass production technology remains in its infancy. This study reviewed microalgae culture systems and biomass production, harvesting, oil extraction, conversion, and technoeconomical bottlenecks. Many technical and economic barriers to using microalgal biofuels need to be overcome before mass production of microalgal-derived fuel substitutes is possible. However, serious efforts to overcome these barriers could become a large-scale commercial reality. Overall, this study provides a brief overview of the past few decades of global microalgal research.

• Korean Journal of Construction Engineering and Management
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• 제19권2호
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• pp.107-116
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• 2018

Since 2010, Korea's overseas construction orders have seen dramatic fluctuations. I propose causes and remedies for the industry as a whole. Orders have recorded an annual average of $63.8 billion dollars from 2011 to 2014, reaching its highest at $71.6 billion dollars(2010) which marked the peak of Korea's overseas construction. However, due to a decline in international oil prices, starting in the last half of 2014, Korea's overseas construction orders have followed suit recording $46.1 billion dollar in 2014, $28.2 billion dollars in 2016, and $29.0 billion dollars in 2017. Facing uncertainty in Korea's overseas construction market, caused by continued slow growth of the global economy, Korean EPC contractors are at a critical point in regards to their award-winning capabilities. Together with declining oil prices, the challenges have never been bigger. To mitigate the challenges, I would suggest policy direction as a way to grow and develop the overseas construction industry. Proper counterplans are needed to foster Korea's overseas construction industry. Forecasting total order amount for overseas construction projects is essencial. Analyzing contract award & tender structure and its changing trends in both overseas and world construction markets should also be included. Korea has great potential and global competitiveness. These measures will serve to enhance Korea's overall export strategy in uncertain overseas markets and global economy.

• Journal of the Korea Society of Computer and Information
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• 제25권5호
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• pp.47-56
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• 2020

The stock index is used not only as an economic indicator for a country, but also as an indicator for investment judgment, which is why research into predicting the stock index is ongoing. The task of predicting the stock price index involves technical, basic, and psychological factors, and it is also necessary to consider complex factors for prediction accuracy. Therefore, it is necessary to study the model for predicting the stock price index by selecting and reflecting technical and auxiliary factors that affect the fluctuation of the stock price according to the stock price. Most of the existing studies related to this are forecasting studies that use news information or macroeconomic indicators that create market fluctuations, or reflect only a few combinations of indicators. In this paper, this we propose to present an effective combination of the news information sentiment analysis and various macroeconomic indicators in order to predict the US Dow Jones Index. After Crawling more than 93,000 business news from the New York Times for two years, the sentiment results analyzed using the latest natural language processing techniques BERT and NLTK, along with five macroeconomic indicators, gold prices, oil prices, and five foreign exchange rates affecting the US economy Combination was applied to the prediction algorithm LSTM, which is known to be the most suitable for combining numeric and text information. As a result of experimenting with various combinations, the combination of DJI, NLTK, BERT, OIL, GOLD, and EURUSD in the DJI index prediction yielded the smallest MSE value.

• Journal of the Korea Academia-Industrial cooperation Society
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• 제22권6호
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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.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 한국건설관리학회 2008년도 정기학술발표대회 논문집
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• pp.129-134
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• 2008

Global construction market has grown rapidly since 2000. Even though developing countries grew into an economic, the most of oil-producing countries of continuous high oil prices due to an increase in plant construction orders is to present a lot of influence. According to the growth of global construction market, the domestic construction companies in the overseas market share have recorded 3% of the performance of the top 10 world records. However, current performance has analyzed the expansion of the market rather than competitiveness development of domestic construction companies. Therefore, to improve competitiveness in the global construction orders for the domestic construction companies in terms of long term, the government in Korea has ordered various research projects related to the plant since 2005. This paper presents not only global plant market trends and plant project in domestic but also introduction of completed research standardization recently.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• 제24권2호
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• pp.44-50
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• 2010

Recently, the crude oil price per one barrel in 2005 cost 49.4 dollars. But the value of crude oil in 2007 had ascended 68.4 dollars which was skyrocketed 38.5[%] owing to the sudden rise of energy price. As it has been growing the necessity of energy efficiency, energy intentive companies actively try to implement energy management system It has been studied to improve the energy saving for household sector using the smart metering system which can give the information of energy prices, pattern on real time to energy consumers and voluntarily lead the activities of energy saving. In this paper, we estimated potential benefits and value of smart metering system through california test.

• Journal of Korea Port Economic Association
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• 제23권3호
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• pp.103-126
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• 2007

As a result of the development of heavy and chemical industries during the Economic Development Plan, Korean shipbuilding industry expanded its capacity rapidly and became a strategic export industry. The 1973 Arab oil crisis and the subsequent doubling of oil prices greatly reduced world demand for tankers and the market was crashed as numberous orders for tankers were cancelled in Japan and Europe. Under these circumstances, Korean Shipping industry also experienced a decrease in overseas demand for shipbuilding. The Korean government established the 'planned shipbuilding' scheme. The primary purpose of the scheme was to develop the shipbuilding industry, to link the industry to the shipping industry and to develop both industries together. However, Japanese shipping established goals linking with macro-national economic policy, such as saving foreign currencies and freight of importing goods, also assisting reconstruction and development of shipbuilding industry. To accomplish these goals, Japanese government used several policy tools such as financial assistance, law, guidance.

• Korean Institute of Interior Design Journal
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• 제22권5호
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• pp.357-366
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• 2013

Global Energy Industry's high oil prices persist while their petroleum and gas production areas are entering the decline phase. More and more the drilling facilities used to bore oil from deeper depths are advancing further out into the oceans, which cause the development of "OFFSHORE" ship manufacturer facility's production demands to increase. The "OFFSHORE" ships provide a living space or L.Q (Living Quarters) for crewmen who work on the water far away from any mainland for extended periods of time. This research analyzes the LQ areas and the characterization of interior designs of different types of "OFFSHORE" ships that were built in South Korea. Also using overseas countries' Classification Society, known as "NORSOK," and analyzing their own design guidelines in conjunction with the research, the process of interior design and baseline data research was used to blueprint the new LQ areas. According to the results of the research, where ships get comprised of characteristics and operations by standards of the Classification Society's RULE, has the greatest effect on the design and design method of the LQ area. The research also shows that a conservative shipbuilding market of the Shipbuilding Company and ship owners' feelings are steadily changing to more open mindedness of acceptance. Therefore, the Korean Classification Society has to provide the new design principle to correspond to the international regulations and more various interior design plans of LQ areas needed to be present based on the new design guidelines. The capacity of the South Korean OFFSHORE shipbuilding industry is the world's top leader; however, the interior design of the LQ areas are still based from outdated designs from the 1980's. Hopefully these research results will be the cornerstone to help the shift from the outdated designs of the LQ areas to more practical modern designs.