• The Journal of Asian Finance, Economics and Business
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• v.6 no.4
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• pp.99-107
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• 2019

This paper is intended to study the relationship between state budget revenue and economic growth in Vietnam. The ordinary least-squares regression method is used with secondary data collected from General Statistics Office of Vietnam in the period of 2000-2017. Vietnamese state budget revenue includes domestic revenue (excluding oil revenue), oil revenue, custom duty revenue, and grants. The testing result shows that the state budget revenue has a positive correlation with economic growth of Vietnam. However, the components of state budget revenue have different levels of impact on the economy. Domestic revenue and oil revenue are statistically significant and have a positive effect on the economy, while the impact of custom duty revenue and grants on the economy is invisible. Vietnamese state budget revenue should be restructured toward the sustainability and by way of boosting the economy, specifically: (1) Increase the proportion of domestic revenue to state budget revenue and domestic revenue should be based on the ground of production and business activities rather than collection from state-owned assets; (2) Reduce the proportion of custom duty revenue and grants to state budget revenue; (3) Keep the volume and ratio of oil revenue in state budget revenue at an appropriate proportion.

• 제어로봇시스템학회:학술대회논문집
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• 1996.10a
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• pp.417-421
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• 1996

A new concept of 22.9kV class revenue metering system based on the optical sensing technique was designed and implemented. This paper reports on the performance of a 22.9kV class three phase optical current/voltage metering scheme and three tariff metering system. This optoelectronic system was designed and developed to advance the state of the art in revenue metering. This paper deals with the characteristics of designed optical CPT (Current and Potential Transformer) and optoelectronic demand meter. The extensive field evaluation of the developed system with the existing oil filled transformer and solid state metering pair is undertaking. Upto now the operation of the optical revenue metering system under the field condition compares favorably with the existing system.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2017.05a
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• pp.666-669
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• 2017

We analyze the problems of the current system, develop and apply the revenue water ratio integration management system for problem solving, and present the analysis of the effect. It will contribute to the improvement of the revenue water ratio through systematic and efficient revenue water ratio management and reduction of the workload of the person in charge through the oil revenue water ratio integration system. It will contribute to the improvement of the revenue water ratio through systematic and efficient revenue water ratio management and reduction of the workload of the person in charge through the revenue water ratio integration system.

• Journal of Navigation and Port Research
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• v.39 no.2
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• pp.89-97
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• 2015

The rising spate of piracy in Nigeria's territorial waters has become a burden on the economic development of the country. It has adversely affected the exportation of crude oil, which is the mainstay of the country's economy. Pirates target and hijack vessels carrying oil and gas, thus reducing the revenue accruable to the country from selling these resources. Piracy also affects the fishing industry which is another source of revenue to the country. Nigeria, as an import dependent country, relies on the importation of finished goods, and this is seriously affected by piracy. This study briefly examines the root causes of piracy in Nigeria. Further, the study interrogates the effects of piracy, identifies the challenges in the suppression of the crime and proffers suggestions toward suppressing the crime in the country. Against this backdrop, the study argues, among other things, that an expansive definition of piracy is key in the fight against this maritime crime in Nigeria, because the present legal regime is restrictive and limited in scope, thus, it does not reflect the modern piratical acts. More importantly, Nigeria must criminalise piracy in its domestic law in other to police its territorial waters, capture and prosecute pirates in its local courts.

• Korean Management Science Review
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• v.16 no.1
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• pp.51-61
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• 1999

Pipeline is an important transportation mode for ail products. The popeline transportation and storage rates affect the popeline usage, and the popeline usage also affects the transportation revenue and operating costs of the popeline. The purpose of our study is to develop a decision support system simulating popeline transportation and storage rates for maximizing the utilization and profitability of the oil pipeline and apply it to the real situation. To do this, a simulation model to help the decision maker decide the rates of the oil pipeline is first proposed. Second, a simulation program is developed, which enables the user to evaluate the various scenarios of oil transportation and storage rates. Finally, this program is applied to the case study of oil industry in korea.

• Environmental and Resource Economics Review
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• v.11 no.3
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• pp.493-513
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• 2002

This empirical study analyzed the policy effect of deregulation in oil product prices. To investigate the effect of deregulation, it is tested whether gasoline prices are determined by market power. Also, the role of government in gasoline tax system is investigated. The empirical analysis has been done by using error correction model. The major findings are as follows. First of all, no significant empirical evidence is found to support that the deregulation affects the determination of gasoline prices. Secondly, the short-term CIF elasticity is estimated to be 0.14. This finding implies that if CIF increases 10%, the gasoline prices increase 1.4%. Finally, the investigation on government role in deregulated market shows that the government has still exercise the power of control through the tax system. For example, the government is seemed to increase the gasoline price more than the increase amount caused by the international oil prices and the exchange rates, because of the intention to achieve the internal revenue increases and lead to gasoline conservation.

• Journal of the Korean Institute of Navigation
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• v.14 no.1
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• pp.21-38
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• 1990

This paper discusses the various modes of operations of cargo ships which are liner operations, tramp shipping and industrial operations, and mathematical programming, simulation , and heuristic method that can be used to solve ships routing and scheduling problems for each of these operations. In particular, this paper put emphasis on a crude oil tanker scheduling problem. The problem is to achieve an optimal sequence of cargoes or an optimal schedule for each ship in a given fleet during a given period. Each cargo is characterized by its type, size, loading and discharging ports, loading and discharging dates, cost, and revenue. Our approach is to enumerate all feasible candidate schedate schedules for each ship, where a candidate schedule specifies a set of cargoes that can be feasibly carried by a ship within the planning horizon , together with loading and discharging dates for each cargo in the set. Provided that candidate schedules have been generated for each ship, the problem of choosing from these an optimal schedule for each ship is formulated as a set partitioning problem, a set packing problem, and a integer generalized network problem respectively. We write the PASCAL programs for schedule generator and apply our approach to the crude oil tanker scheduling problem similar to a realistic system.

• Environmental and Resource Economics Review
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• v.26 no.2
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• pp.257-286
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• 2017

This paper estimates the effects of imaginary repeated increases in excise duties on fuel oil consumption and on their income redistribution according to changes in consumer price index, if the inflation indexation system was introduced right after the second Energy Tax Reform ended in July, 2007 in Korea. In fact, nominal excise rates have not been adjusted since 2007. As a result, the real excise rates on fuel oils have been diminished inversely proportional to the consumer price index. Own- and cross-price elasticities of fuel oils such as gasoline and diesel oil are estimated under the general equilibrium framework based on the linear expenditure system. Counterfactual analyses through microsimulation in a static model are adopted to estimate the effects of introducing inflation indexation into the fuel tax in 2007 when the second Energy Tax reform ended on the fuel consumption and income redistribution in 2014. Microsimulations suggest that its introduction could have reduced the consumption of gasoline and diesel oil by 8.8% and 5.4%, respectively, ending up with increased excise revenue by 11.9%. The revenue increase in spite of decreased consumption is mainly because their demands are price inelastic. It could also have increased positive income redistributive effect by 0.01%p (from 0.12% to 0.13%), which is measured in terms of percentage decrease in Gini coefficient. In other words, the fuel excise on the two fuel oils decreased by 0.13% the Gini coefficient of before and after fuel tax income in 2014. This implies that the inflation indexation could have enlarged the income redistributive effect up to 0.13% in 2014, if it is introduced in 2007.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.22 no.4
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• pp.181-188
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• 2010

The objectives of this study are to analyze the possibility of the landfill gas recycling for the middle and small scale landfills where the recycling facilities are not installed in Korea. It was found that the power generation plants by landfill gas were installed in domestic 15 landfills and the gas engine generation was adopted in 14 places. As the result of economic analysis, the landfill gas recycling is found to be available in 12 places and CERs of 153,693 $tCO_{2e}$ can be secured per year. Through the reduction of the air pollutants and VOCs, the social benefits of 730 million won accrue per year. Also, the power production of 18.8 GWh will substitute the crude oil imports of 4,048 TOE and the revenue of 2.49 billion won is expected to power trading. It is also found that the power generation plants by landfill gas will give the social benefits such as the reduction of the environmental problems and the substitution effect of crude oil imports.

• Transactions of the Korean Society for Noise and Vibration Engineering
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• v.27 no.1
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• pp.14-19
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• 2017

Fuel oil consumption cost varies depending on every ship operation and this roughly amounts to 70 % of shipping companies' total revenue. As such, efforts towards improved fuel economy are being pursued. An annual 1 % reduction in fuel consumption is perceived to result in saving tens million US dollars on the global fleet operation. One approach is the application of power take-off configurations which are seen to increase fuel oil economy and are suitable for power generation. In this study, the dynamic properties of a shaft generator coupled on a 10S90ME main engine of an 18 600 TEU container vessel is presented. The vibratory torque and angular velocity variation was examined through theoretical analysis and actual vibration measurement. The result of the study suggests a review on existing classification rules for generator design and the lowering of vibratory torque and angular velocity variation guideline.