• Korea Trade Review
• /
• v.44 no.6
• /
• pp.105-118
• /
• 2019

In the past two decades, due to the rapid fluctuations in the oil supply and demand in Northeast Asia as well as a surge in oil prices in the early 2000s, Korea has been developing the Northeast Asia Oil Hub project as a national project. This project was promoted based on the policy consideration that the nation's energy security and regional development can be promoted by establishing an oil hub in Northeast Asia that can eventually replace Singapore as East Asia's oil logistics hub. Following the construction of a large-scale oil storage facility in Yeosu in 2013, the main project in Ulsan has suffered many difficulties due to environmental changes such as the supply and demand of oil and political factors. The survey, which investigated the performance, problems, and prospects of the oil hub project, illustrates that scores of all sectors are of average level. In terms of performance and prospects, policies such as facility investment, law, and system improvement were determined to be rather high while operational areas such as value-added activities, profitability, and marketing activities were perceived as having more serious problems by respondents. In conclusion, despite the strong potential of Korea's oil hub based on its geographical location, facilities, and oil product capacity, there are problems related to policies, institutions, and investment. In the future, the oil hub business should be reviewed by considering environmental factors, and a drastic improvement plan for attracting foreign investors and oil traders should be established.

• The Journal of Fisheries Business Administration
• /
• v.43 no.1
• /
• pp.49-61
• /
• 2012

The tax exemption oil for fishery is expecting that the use of oil is gradually decreasing according to the environmental change such as reductions of vessel force caused by an upswing of oil prices and reduction of fishing vessels in the recent. Such reductions in the tax exemption oil amount have a negative effect on the tax exemption oil business and the fishery infrastructure. This paper studied to provide the basic data for a stable supply thorough the facts affected in the use of the tax exemption oil and the prediction for the use of the tax exemption oil in future. This analysis drew a estimation method by Cochrane-Orcutt repeated proceeding model with an object main factors such as a price of tax exemption oil and vessel force and international oil prices and exchange rates. And this analysis also drew the use of a tax exemption oil by 2000 after set up the scenario using an estimation method drawn. For the use of the estimated tax exemption oil analyzed to decrease within about 81 percent of the present(2020), It should be considering a stability plan for tax exemption oil for fishery in future.

• Transactions of the Korean Society of Automotive Engineers
• /
• v.19 no.5
• /
• pp.51-57
• /
• 2011

Parametric studies based on analysis of lubrication system of a four cylinder gasoline engine are illustrated system in this paper. In development process of engine lubrication system, parts of failure cases are related with oil pull over and oil churning phenomenon. The crankcase & head system pressure by oil churning phenomenon are gradual increased. It cause oil pull over phenomenon at engine breather line and oil over-consumption. In order to improve oil reduction and oil pull over phenomenon are also considered in the developing state. For this study, the characteristics of engine lubrication system are measured at various tilting angle and drain hole sizes. In addition, the oil flow & oil quantity are tested by blow by meter and catch jar. Results are presented to stabilize the oil supply system at sever driving condition. The data from present study are available for the engine lubrication system.

• Proceedings of the KSR Conference
• /
• 2011.10a
• /
• pp.861-864
• /
• 2011

Since national GHG reduction target by 2020 has been presented in Korea, the role of railroad has been reinforced within transport system due to the allocation of reduction target into sector. So, it is necessary to manage activity data systematically for the calculation of GHG emission in railroad. Now, the activity data of diesel consumption for NIR(National Inventory Report) are provided from oil supply and demand statistics. On the other hands, the activity data collected directly from railroad operating companies are used for GHG & Energy Target Management Act. This study aimed to assess the GHG emissions using two kinds of activity data related to the diesel consumption of railroad in 2009 and 2010. As a result, GHG emissions based on oil supply and demand statistics was 636 thousands ton $CO_{2e}$, but the activity data collected from railroad operating companies showed 649 thousands ton $CO_{2e}$ in 2009. Also, the gap of $CO_{2e}$ emission was increased in 2010. These trends were caused because oil supply and demand statistics included total diesel sales volume during 1 year and the activity data collected from railroad operating companies were the amount of diesel consumption only at railcar operation and maintenance step. In conclusion, it is important to develop the management and verification system of activity data with high reliability to substitute oil supply and demand statistics in railroad sector.

• Proceedings of the KSR Conference
• /
• 2008.11b
• /
• pp.782-788
• /
• 2008

Present Prices have reduced to $100 per barrel, but international oil prices caused big damage to local logistics industry due to rise in International oil prices and, in august 2008 oil prices reached up to 146 US. Depending on oil prices, the domestic logistic industry should develop a strategy by innovative management of purchase of supply for manufacturing industry and efficient supply and demand of resources which is believed to be more important. Accordingly, we want to analyze railroad logistics' present condition and effect on railroad industry that can expect affirmative development by oil-price rise and by developing strategies for efficient railroad logistics.

• Journal of the Korean Data and Information Science Society
• /
• v.19 no.4
• /
• pp.1037-1046
• /
• 2008

Recently, the oil suppliers who supply the tax-exempt oil to the fishery are confronted with big trouble in their supply and demand system due to the unstable global oil prices. We applied the seasonal ARIMA(SARIMA) model to the low-sulfur and high-sulfur crude oil which are in great request and developed forecasting systems for them. Since there are many parameters in SARIMA, it is difficult to estimate the optimal parameters, but it is overcome by using simulation looping program. In conclusion, we found that the obvious seasonality in demand of low-sulfur and these demands are tending downwards gradually.

• Proceedings of the Korean Powder Metallurgy Institute Conference
• /
• 2006.09a
• /
• pp.594-595
• /
• 2006

Porous bearings are lubricated the oil that is contained in porous metal. Then they are always used with no oil supply, because of that, widely used electric motors. But, if oil flow out less than the limit, troubles often happen. This report shows that attempt of estimating oil quantity in porous bearing by using calculation that based Reynols' equation and Darcy's law, aimed of developing long life bearing. And comparing with experimental and calculation result, we show possibility of estimating rest oil quantity in porous bearing at steadry state by calculation.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
• /
• 2002.05a
• /
• pp.569-576
• /
• 2002

A case history is presented pertaining to piping fatigue by vibrations and sustain stresses in the hydraulic oil supply system for control valves in a 200MW thermal power plant that ultimately resulted in pipe rupture. The Piping was designed to supply the hydraulic oil for turbine control valves. Testing and analyses were performed on the system to develop solution to repair work on failures.

• Journal of the Korean Society for Precision Engineering
• /
• v.30 no.8
• /
• pp.839-846
• /
• 2013

Because the performance of a reciprocating compressor in refrigeration and air-conditioning systems is influenced by the lubrication characteristics of sliding components, the lubrication characteristics between the crankshaft and journal bearing have to be researched for the design and the performance improvement of reciprocating compressors. Thus, the proper supply of lubricant for a lubrication between the crankshaft and journal bearing is essential, and an oil path for lubricant supply is installed in the shaft or bearing. However, in order to guarantee the lubrication performance of the journal bearing, it is necessary to design the position of the oil path. Therefore, it is studied to find the optimum position of the oil path by the analysis of the pressure distribution in the journal bearing. The results show that the position of the oil path is significantly influenced by the pressure distribution of the oil film in the journal bearing.

• Tribology and Lubricants
• /
• v.20 no.3
• /
• pp.119-124
• /
• 2004

Engine bearing system is generally affected by aeration. In this paper, the aeration effects on the engine crankshaft bearing system were studied. To do this, unsteady oil flow analysis on the engine crankshaft oil circuit system was carried out. And aeration effects on the bearing system were simulated to figure out lubrication characteristics of the each bearing such as oil flow rate, minimum oil film thickness, friction loss and increase of oil temperature.