• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.33-42
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• 2022

Oil prices have become more volatile as a result of global economic contraction and control measures. Before and during the COVID-19 crisis, this study examines the relationship between oil price swings and daily stock returns in the power sector. The impact is investigated using a panel Vector Autoregressive (VAR) model. Granger causality tests are used to see if oil prices are effective in predicting returns. The dynamic impact of supply shocks is studied using Impulse Response Functions (IRFs). From January 2011 to May 2021, the study used daily data from all listed power sector enterprises on the Pakistan stock exchange. To investigate the differences in reactions between the Pre-COVID and COVID eras, the sample was separated into two groups. Oil shocks are inversely associated with daily firm stock returns. The conclusions are further supported by the lack of impact of stock prices on oil prices. The relationship, however, deteriorates during the COVID pandemic. We could not uncover any evidence of a significant relationship. In developing countries that rely on oil imports, the study sheds light on the utility of oil price shocks in daily stock return predictions.

• Proceedings of the Korean Society of Precision Engineering Conference
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• 1995.10a
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• pp.841-845
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• 1995

In this study, a motor-integrated high-speed spindle system with .psi. 65mm*25,000rpm is developed by introducing the oil-jet lubrication method,ceramic angular contact ball bearing, a built-in motor and so on. And oil-jet lubrication experiments for evaluating the system performance are performed under various operation conditions. Especially, in order to establish the oil-jet lubrication conditions related to the development of a high-speed spindle system, the effects of oil supply rate and rotational spindle speed are investigated on the temperature rise, temperature distribution,motor current and so on.

• Journal of the Korean Society for Precision Engineering
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• v.15 no.5
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• pp.59-64
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• 1998

In this study, a motor-integrated high-speed spindle system with $\psi$65mm $\times$ 25,000rpm is developed by introducing the oil-jet lubrication method, ceramic angular contact ball bearings, a built-in motor and so on. And oil-jet lubrication experiments fur evaluating the system performance are performed under various operation conditions. Especially, in order to establish the oillet lubrication conditions related to the development of a high-speed spindle system, the effects of oil supply rate and rotational spindle speed are investigated on the temperature rise, temperature distribution, motor current and so on.

• Proceedings of the Safety Management and Science Conference
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• 2007.11a
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• pp.493-502
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• 2007

The oil consuming country, Korea is spending amount to 220bn barrel per day. It is higher-ranked as 8th country among oil consuming country. France, Brazil, Italia, Spain have recorded GDP than it of Korea. But, the oil consuming of Korea is more than it of them. The GDP of Korea is ranked 11th country, based on 2005. But Korea is higher-ranked as 8th country among oil consuming country. The new and renewable energy as alternative of oil is first measurement. But, the supply of new and renewable energy is inactive 2.13% among total energies. The economist prospects about 1bn job creation during the ten years through new and renewable energy. The merit of new and renewable energy is capital intensive and higher valuable industry.

• International Commerce and Information Review
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• v.10 no.3
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• pp.459-474
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• 2008

Under violent competition to secure international raw materials, safe supply and demand of crude oil that only relies on import among main raw materials is an important task for Korean economic development. Therefore, this study aims to analyze the impact of price change of international crude oil on merchandise balance. It also presents political suggestions in preparation for national economic development and safety and develops an organized and long-term overseas resources development program. As the time-series data which had the 1st difference contribute to dismissal of the null hypothesis successfully, we carry out a multivariate cointegration test developed by Johansen (1988) and find that at least one cointegration vector exists. And, when Impulse Response Function is introduced, as the crude oil import price shows a negative impact from Step 2, then an extreme change, a positive impact since Step 13, is maintained and a safe result appears.

• Industrial Engineering and Management Systems
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• v.12 no.3
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• pp.281-287
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• 2013

In this paper, we introduce a roots method that uses the roots inside the unit circle of the associated characteristics equation to evaluate the steady-state system-length distribution at three epochs (pre-arrival, arbitrary, and post-departure) and sojourn-time distribution in GI/PH/1 queueing model. It is very important for an air base to inspect airplane oil because low-quality oil leads to drop or breakdown of an airplane. Since airplane oil inspection is composed of several inspection steps, it sometimes causes train congestion and delay of inventory replenishments. We analyzed interarrival time and inspection (service) time of oil supply from the actual data which is given from one of the ROKAF's (Republic of Korea Air Force) bases. We found that interarrival time of oil follows a normal distribution with a small deviation, and the service time follows phase-type distribution, which was first introduced by Neuts to deal with the shortfalls of exponential distributions. Finally, we applied the GI/PH/1 queueing model to the oil train congestion problem and analyzed the distributions of the number of customers (oil trains) in the queue and their mean sojourn-time using the roots method suggested by Chaudhry for the model GI/C-MSP/1.

• Journal of the Korean Applied Science and Technology
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• v.11 no.2
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• pp.39-54
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• 1994

I am going to survey major topics relating to the title by analyzing the following statistical data. 1 : Global trend of production and import of oil and relating materials 2 : Global trend of major oil production 3 : Capacity of Japanese factory for oil production 4 : Situation of mechanical expression based on raw materials 5 : Change of production amounts of Oil products 6 : Oil production of each items 7 : Imported amounts of oil products 8 : Vegetable oil meals, production, import and global trend 9 : Production of mayonnaise, dressing and edible processing oils 10 : Intake of nutrients, supply of lipids, and consumption of oils 11 : Global production of oleochemicals 12 : Sales amount of oleochemicals 13 : Capacities of fatty acid and fatty alcohol factories 14 : Oleochemical production in 1995 15 : Oleochemical procuction in asia 16 : Production of surfactants for industrial use 17 : Sales amount of detergents and washing materials 18 : Production of soap and synthetic detergent in Japan 19 : Consumption of soap. detergent, and synthetic detergent 20: Relation beween synthetic detergent production and popularization 21 : Biodegradability of soft detergent

• Journal of Power System Engineering
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• v.16 no.5
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• pp.26-31
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• 2012

A numerical study has been carried out to investigate the heat and mass transfer of an oil pumping system with a variable shape of the housing using the CFD method. Especially, the electric motor and the pump combined together, accomplishes a research about the oil supplying system. In this study, the temperature and velocity distribution of the oil pumping system by varying the flow rate of supplying oil have been investigated. The temperature changes with each five conditions(flow rate of supply oil : 2, 4, 8, 12, and 16 liter/min) have also been studied. The numerical results show that the exhaust temperature decreases as the flow rate of the supplying oil increases. It also reveals that the temperatures change differently with the housing shape.

• Journal of the Korean Society of Mechanical Technology
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• v.13 no.2
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• pp.79-84
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• 2011

In general, a valve body of the automatic transmission(AT) is controlled by the clutch, the brake and lubricating oil flow in a hydraulic system and lubricant flow for each valve can be adjusted independently. To increase the lifetime of AT, the lubrication flow rate in a valve body for a 6 speed AT based parallel hybrid electric vehicle must be provided with proper oil distribution and control. In this study, we carried out several experiments without the inner parts of AT and with a AT assembly. The variation of the flow rate on oil temperature and pressure between an oil supply port and the outlets of the lubrication port was evaluated and analyzed. In the case of AT without the inner parts, it was evident that as the oil required for an operation of the clutch and brake was discharged from the outlet port, the flow rate from each lubrication port is decreased. However, the flow rate of the AT assembly was slightly increased. In addition, the lubrication flow rate was increased with increasing the oil temperature, and also it was reduced with increasing the oil pressure. Details of the resulting data are discussed.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.20 no.5
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• pp.357-363
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• 2008

In order to investigate $CO_2$ heat transfer coefficient and pressure drop by PAG oil concentration during $CO_2$ evaporation, the experiment on evaporation heat transfer characteristics in a horizontal micro-fin tube was performed. The experimental apparatus consisted of a test section, a DC power supply, a heater, a chiller, a mass flow meter, a pump and a measurement system. Experiment was conducted for various mass fluxes($400{\sim}1200\;kg/m^2s$), heat fluxes($10{\sim}30\;kW/m^2$) and saturation temperatures ($-5{\sim}5^{\circ}C$), and PAG oil concentration($0{\sim}5\;wt%$). The variation of the heat transfer coefficient was different in accordance with the oil concentration. With the increase of the oil concentration, the evaporation heat transfer coefficient decreased and the delay of dryout by oil addition was found. Pressure drop increased with the increase of the oil concentration and heat flux, and the decrease of saturation temperature.