• Title/Summary/Keyword: Power Market

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A Comparative Analysis of the Forecasting Performance of Coal and Iron Ore in Gwangyang Port Using Stepwise Regression and Artificial Neural Network Model (단계적 회귀분석과 인공신경망 모형을 이용한 광양항 석탄·철광석 물동량 예측력 비교 분석)

  • Cho, Sang-Ho;Nam, Hyung-Sik;Ryu, Ki-Jin;Ryoo, Dong-Keun
    • Journal of Navigation and Port Research
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    • v.44 no.3
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    • pp.187-194
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    • 2020
  • It is very important to forecast freight volume accurately to establish major port policies and future operation plans. Thus, related studies are being conducted because of this importance. In this paper, stepwise regression analysis and artificial neural network model were analyzed to compare the predictive power of each model on Gwangyang Port, the largest domestic port for coal and iron ore transportation. Data of a total of 121 months J anuary 2009-J anuary 2019 were used. Factors affecting coal and iron ore trade volume were selected and classified into supply-related factors and market/economy-related factors. In the stepwise regression analysis, the tonnage of ships entering the port, coal price, and dollar exchange rate were selected as the final variables in case of the Gwangyang Port coal volume forecasting model. In the iron ore volume forecasting model, the tonnage of ships entering the port and the price of iron ore were selected as the final variables. In the analysis using the artificial neural network model, trial-and-error method that various Hyper-parameters affecting the performance of the model were selected to identify the most optimal model used. The analysis results showed that the artificial neural network model had better predictive performance than the stepwise regression analysis. The model which showed the most excellent performance was the Gwangyang Port Coal Volume Forecasting Artificial Neural Network Model. In comparing forecasted values by various predictive models and actually measured values, the artificial neural network model showed closer values to the actual highest point and the lowest point than the stepwise regression analysis.

A Study on Drying Kinetics of Low Rank Coal(Indonesia-IBC) through the Fixed-Bed Reactor Experiments (저등급석탄(低等級石炭)(인도네시아 IBC)의 고정층(固定層) 반응기(反應器) 실험(實驗)을 통한 건조(乾操) 반응속도론(反應速度論) 연구(硏究))

  • Kang, Tae-Jin;Jeon, Do-Man;Jeon, Young-Sin;Kang, Suk-Hwan;Lee, Si-Hyun;Kim, Sang-Do;Kim, Hyung-Taek
    • Resources Recycling
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    • v.19 no.6
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    • pp.43-50
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    • 2010
  • The crisis of energy gives rise to the growing concerns over continuing uncertainty in the energy market. Under these circumstances, there are also increasing interests on coals. In particular, Low Rank Coal (LRC) is receiving gradual attentions from green industry. But due to is high moisture content range from 30 - 60%, drying process has to be preceded before being utilized as power plant. In this study drying kinetics of LRC is induced by using a fixed-bed reactor. The drying kinetics was evaluated in from of the particle size, the inlet gas temperature, the drying time, the gas velocity, and the LID ratio. The consideration of the reynold's number was taken for correction of gas velocity, particle size and LID was taken for correction of reactor diameter, packing height of coal. As being seen as characteristic of drying coal, it can be found that fixed-bed reactor can contributed to active drying of free water. In this sense, it could be considered that phase boundary reaction is appropriate mechanism.

Commercial Production of Seed Garlic by Tissue Culture Technique (조직배양에 의한 씨마늘의 상업적 생산)

  • Nam, Sang-Il;Park, Ju-Hyun;Choi, Jong-In;Kwon, Ki-Seok;Uhm, Jeong-Sik
    • Journal of Plant Biotechnology
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    • v.29 no.3
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    • pp.171-177
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    • 2002
  • We, Tong Yang Moolsan Co. Ltd. (TYM) set up the mass-production system for virus-free seed garlic via tissue culture technique. TYM's tissue culture technique is called as 'Multiple shoot propagation technique' This technique can lead mass propagation of genetically homogeneous seed garlic in a short period because of its highly proliferation rate of in vitro shoots (15/sup 10//year). TYM researchers applied the technique to some selected garlic cultivars with superior characteristics and carried out field test of productivity in the inside and outside of the country for several years. According to the yearly results of field test with virus-free seed garlic, we ascertained that virus-free seed garlic can produce the highly yield increase (max. above 50%) and also can enhance the product quality. Consequently, we estimated that TYM's seed garlic will contribute to farmers with increase of income and can elevate the national position of garlic market in the world for its competitive power of technical and production cost.

An Analysis of the Relative Importance of Processes in the Closure Phase of Construction Program (건설프로그램 종결단계 업무프로세스의 상대적 중요도 분석)

  • Lee, Woo-Yeon;Lee, Seung-Hoon;Cha, Yongwoon;Hyun, Chang-Taek
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.4
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    • pp.62-71
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    • 2020
  • Various studies on program management have been attempted due to recent changes in the environment of the construction market, and the importance of closure phase in each phase of the construction program is increasing. However, the reality is that the related research is insufficient and the field has been managed in a rule of thumb according to individual capabilities. Therefore, in order to successfully close the construction program and enhance satisfaction of stakeholders in the closure phase of the construction program, the key stakeholders were identified using the Power and Interest Matrix. The relative importance of the closure phase process was analyzed using AHP analysis method. It was also verified through on-site surveys and interviews about the proposed importance of the closure stakeholder and the relative importance of the process. It is expected that this study will increase the satisfaction of stakeholders and contribute to a successful closure if the user puts a lot of resources into the process that has a high priority in the closure phase of the construction program proposed in this study.

Study on the Plan for Reduction of Credit Risk of Medium-size Construction Companies Preparing for Restructuring (구조조정에 대비한 중견건설사 신용리스크 저감방안에 관한 연구)

  • Lee, YunHong
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.5
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    • pp.64-73
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    • 2020
  • The government announced a plan for fund support to the enterprises with high possibility of recovery and early restructuring for the enterprises with low recovery by objectifying credit assessment system. Such announcement of government could be extended to restructuring risk of middle standing enterprises with low financial soundness by establishing the basis to prepare prompt restructuring by reinforcing the basis for restructuring through capital market. This research analyzed financial soundness based on the financial evaluation of bank by selecting 10 middle standing construction companies which focused on housing business in 2019, based on such analysis result, it was confirmed that there was a high possibility of restructuring risk. This research determined that there would be a decrease in growth rate of construction industry on the whole in 2020 due to fall of economic growth rate and reinforced real estate regulation, accordingly, there's a big possibility for middle standing construction companies with paid-in capital ratio due to its low possibility of maintenance of stable credit rating. This research established KCSI assessment model by utilizing the material of a reliable research institute in order for middle standing construction companies to evade restructuring risk, and indicated risk ratio differentiated per each item through a working-level expert survey. Such research result could suggest credit risk reduction method to middle standing construction company management staffs, and prepare a basis to evade restructuring risk.

Classification Society Selection Factors for Shipping Companies (해운기업의 선급 결정 요인에 관한 연구)

  • Nam, Jongsik;Lee, Kiwhan;Kim, Myounghee;Choi, Jungsuk
    • Journal of Korea Port Economic Association
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    • v.34 no.4
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    • pp.17-38
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    • 2018
  • The purpose of this study is to establish shipping companies' selection factors related to a classification society and to explore the relative importance of each factor using the analytical hierarchy process(AHP) technique. Insufficient research exists on the hierarchial structure of shipping companies' factors of selecting a classification society. The factors are identified and classified into two tiers of major and detailed factors, by referring to the related industrial linkages, prior research related to the determinants, and the process and service delivery of the classification society's activities. The empirical analysis of this study is based on the relative importance of determinants when selecting a classification society, and experts engaged with shipping companies were surveyed using questionnaires. The results of the AHP methodology on the main factors of shipping companies in selecting a classification society are as follows. The relative importance of the main factors was 0.373 for technical and survey services, 0.284 for recognized organizations(RO) functions, 0.177 for cost and 0.167 for market(related industry) expectations. The relative importance of the detailed factors is 0.144 for the ability to respond to a port state control(PSC) inspection, 0.143 for technical services, 0.090 for the requirements of financial institutions/ shippers/shipyards, 0.087 for class maintenance costs, 0.086 for the survey network, 0.085 for surveyor competency, 0.072 for cooperation with IMO and government authorities, 0.067 for recognition for RO, 0.058 for the business power of the classification society, 0.052 for the initial inspection costs, 0.040 for reputation and trustworthiness, 0.038 for the costs related to the class, and 0.037 for connections to related industries.

Empirical Study on Cooperative Ship Operation and A Free Contract on the Towage Market (항만예선업시장의 공동배선제와 자유계약제에 대한 실증적 분석)

  • Kim, Kwang-Hee
    • Journal of Korea Port Economic Association
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    • v.25 no.3
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    • pp.67-92
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    • 2009
  • A tugboat (tug) is a boat that maneuvers vessels by pushing or towing them. Tugs move vessels that should not move themselves alone, such as ships in a crowded harbor or a narrow canal, or those that cannot move themselves, such as barges, disabled ships, or oil platforms. Tugboats are powerful for their size and strongly built, some are ocean-going. Historically tugboats were the first seagoing vessels to receive steam propulsion, freedom from the restraint of the wind, and capability of going in any direction. As such, they were employed in harbors to assist ships in docking and departure. Towage is in essence a service by one vessel to another vessel for a fixed remuneration. The most common reason for requiring this service is the lack of its own motive power. Conventionally, towage is defined as "the employment of one vessel to expedite the voyage of another, when nothing more is required than the accelerating of her progress". Apart from accelerating vessels, acquiring towage service is a common practice for towing barges, platform of drilling oil, floating ship yards, etc.

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Does the Business Survey Index of the Federation of Korean Industries at the Service Industry Lead the domestic stock market ? (서비스 산업에서 전경련 BSI지수는 주식시장을 예측할 수 있는가?)

  • Kim, Joo Il;Kim, Byoung ryul
    • Journal of Service Research and Studies
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    • v.6 no.3
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    • pp.41-54
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    • 2016
  • We examine the information transmission between the business survey index(BSI) based on the returns data offered by Federation of Korean Industries and KOSPI Index based on the returns data offered by Korea Bank. The data includes monthly return data from January 1998 to September 2015. The results of the analysis are as follows. Firstly, results of Granger Causality test suggests the existence of mutual causality KOSPI Index precede and have explanatory power BSI. Secondly, the results of impulse response function suggest that BSI Index show immediate response to KOSPI Index and are influenced by till time 4 From time 2 the impact gradually disappears. Also KOSPI Index show immediate response to BSI and are influenced by till time 4 From time 2 the impact gradually disappears. Lastly, the variance decomposition analysis showed a high influence of the KOSPI Index on the BSI and significant influence of the BSI on the KOSPI Index. This implies that returns on the KOSPI Index have a significant influence over returns on the BSI. The study is a further extension of existing studies on information transmission mechanism between the BSI and KOSPI. Finally, our results can be used as a guide by the Korea Bank and Republic of Korea and as well as Federation of Korean Industries.

A Study on the Spill-over Economic Effect Analysis of Cultural and Creative Industries in Henan Province, China (중국 허난(河南)성 문화창의산업의 경제적 파급효과 분석)

  • Zhang, Binyuan;Jia, Tingting;Bae, Ki-Hyung
    • The Journal of the Korea Contents Association
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    • v.21 no.7
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    • pp.363-373
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    • 2021
  • The purpose of this research is to analyze the Spill-over economic effect of the cultural and creative industries(CCI) in Henan Province, China. The research object is the CCI of Henan Province, which is mainly based on five sectors out of 42 industries in the industrial association table of the Statistical Bureau of Henan Province, China in 2017 (culture, sports; recreation and research sector; experimental development and integrated technical services sector; information transmission, computer services and software sector; education sector, etc), and is analyzed through secondary integration and redefinition of the CCI of Henan Province. Through the analysis of Henan Province Industry Association Table, this paper provides some enlightenment to the future direction of the cultural and creative industries. The main analysis results are as follows. The total production inducement of the CCI in Henan province is 48,848 billion yuan, and in particular, the production inducement coefficient of the industry in Henan province is 2.72809, 2.23909 (total of columns and rows), Index of the power of dispersion is 0.26325, and the index of the sensitivity of dispersion is 0.87535. Income induction coefficient is 0.55211, production tax induction coefficient is 0.09291. Because CCI of Henan Province has full development potential, the government needs to provide active support and policy support, in addition to the need for legal provisions and supervision of market management. In order to improve the innovative development of the CCI, it is necessary to develop a new model of "CCI+X".

Optical Evaluation of MR8 Material spectacle Lens with a New Method for the Analysis of Blue Light (새로운 청광 분석법을 적용한 MR8 안경재료의 광학적 시험 평가)

  • Kim, Ha-Rim;Jeong, Ju-Hyun
    • The Korean Journal of Vision Science
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    • v.20 no.4
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    • pp.413-420
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    • 2018
  • Purpose : We present a novel method for the analysis of blue light applied by the analysis method of David L. with optical experiment and blue light by measuring the transmittance by dividing it by the refractive power in the spectacle lens made by MR8. Methods : The lenses of -8.00D, -7.00D, -6.00D, -5.00D, -4.00D, -3.00D, and 0.00D manufactured by MR8 being sold in the market, were selected. The transmittance was measured at the intervals of 5 nm from 200 to 1000 nm with UV-VIS Spectrophotometers (SolidSpec 3700), and they were in range of the blue light (380 to 500 nm) analyzed by a David L.'s analysis method. Results : All of the MR8 lenses selected for this study almost completely blocked at the UV range. A lens of -8.00D was measured as the lowest transmittance of 59.56% in the blue light area and low values were measured at the blue areas 1 and 2 according to the analysis of David L.In the infrared ray area, the transmittance of all lenses gradually decreased. The average value of the luminous transmittance was 23.67% ~ 26.33% and then gradually decreased from -4.00D. Conclusion : Applying the analysis of David L., a minimum of 41.28% and a maximum of 46.60% were measured at the blue light 1 area and a minimum of 87.30% and a maximum of 97.55% were measured at the blue light 2 area. A minimum of 86.83% and a maximum of 96.55% were measured at the blue light 3 area, and the average was 94%. The luminous transmittance of the -3.00D lens was 26.33%, which was the highest, and that -8.00D was 23.67%, which was the lowest.