• 산업융합연구
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• 제18권5호
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• pp.1-13
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• 2020

본 연구는 투자자 입장에서 전환사채(CB)의 투자효과가 어느 정도 인지를 규명하고 효율적인 투자방안을 투자자들에게 제시하는 것이 연구목적이다. 연구방법은 2015년부터 2020년 6월까지 발행한 CB에 대한 표면이자율, 만기이자율, 채권만기일, 전환가격, 전환일 등을 조사한 후, 전환일 이후 일별주가변동과 연결하여 CB에 대한 투자효율성 및 주식전환효과가 어느 정도인지를 파악하였다. 연구 결과, 전환가격초과일수비율이 전환 가능한 날짜의 1/4 정도에 불과하여 CB의 투자효율성은 낮은 것으로 분석되었다. 전환일수익률은 평균 -6.3%, 만기일수익률은 평균 -5.2%여서 평균적으로 마이너스 수익률을 보여 투자자 기대와 다르게 투자효과가 산출되었다. 전환일수익률이 마이너스인 종목수가 플러스인 종목수 보다 2.4배, 만기일수익률이 마이너스인 종목수가 플러스인 종목수 보다 3.7배 많아서 CB의 주식전환 기대 수익률은 낮은 것으로 분석되었다.

• 한국수소및신에너지학회논문집
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• 제33권6호
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• pp.786-794
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• 2022

Green ammonia is a promising renewable energy carrier. Green ammonia can be used in various energy conversion devices (e.g., engine, fuel cell, etc.). Ammonia has to be fed with hydrogen for start-up and failure protection of some energy conversion devices. Ammonia can be converted into hydrogen by decomposition and partial oxidation. Especially, partial oxidation has the advantages of fast start-up, thermally self-sustaining operation and compact size. In this paper, thermodynamics, start-up and operation characteristics of ammonia partial oxidation were investigated. O₂/NH₃ ratio, ammonia flow rate and catalyst volume were varied as operation parameters. In thermodynamic analysis, ammonia conversion was maximized in the O₂/NH₃ range from 0.10 to 0.15. Ammonia partial oxidation reactor was successfully started using 12 V glow plug. At 0.13 of O₂/HN₃ ratio and 10 LPM of ammonia flow rate, ammonia partial oxidation reactor showed 90% of ammonia conversion over commercial Ru catalyst. In addition, Increasing O₂/NH₃ ratio from 0.10 to 0.13 was more effective for high ammonia conversion than increasing catalyst volume at 0.10 of O₂/NH₃.

• Elastomers and Composites
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• 제14권4호
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• pp.231-252
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• 1979

Polymerization of 2-pyrrolidone was carried out through anionic mechanism using $SO_2/KOH$ as catalyst. The effects of KOH concentration, $SO_2/KOH$ mole ratio and temperature on polymerization were investigated. The conversion and viscosity of polymers were measured at various polymerization conditions. It was observed that as the concentration of KOH was increased, equilibrium conversion was also increased. It was, however, found that after the concentration of KOH was reached above 8 mole percent, the equilibrium conversion was decreased. The highest rate of polymerization and maximum conversion were obtained when $SO_2/KOH$ mole ratio was around 0.5. It was also found that the rate of polymerization and the equilibrium conversion were higher at $50^{\circ}C$. than at $30^{\circ}C$. but the viscosity of polymer solution at $50^{\circ}C$. was not so high as expected. The rate constant, $K_p$ of polymerization, was determined by least square method: the value of $K_p$ was observed as 16 liter/mole hour at $50^{\circ}C$. and 2.6 liter/mole hour at $30^{\circ}C$., respectively. The mechanism of polymerization was also discussed.

• 한국자동차공학회논문집
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• 제16권1호
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• pp.93-99
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• 2008

To improve the performance of plasma-DeNOx catalyst, a research on active system was performed experimentally. Two hydrocarbons, propane and diesel, were used as a reductant in this study. First, using propane, basic performances of plasma-DeNOx catalyst such as the effects of plasma and C/N ratio were measured at the various engine operating conditions. NOx conversion of catalyst was improved as plasma power or C/N ratio was increased. Next, diesel was injected in the exhaust gas flow as a reductant. The first test using diesel as a reductant is spray visualization in a high temperature flow and spray images were utilized for analysis of posterior test results. To evaluate the effect of an injection direction, it was compared with 6 installation methods of diesel injector due to THC concentrations at the inlet of plasma. From the results, injector was installed toward downstream direction below the pipe. Then, basic performances of plasma-DeNOx catalyst with various injection quantities were measured. As an injection quantity was increased, $NO_2$ conversion of plasma reactor was increased but NOx conversion of catalyst was nearly zero. This was because NOx conversion of catalyst had slowed as time goes by due to black particles which had been adhered to the catalyst.

• 대한기계학회논문집B
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• 제21권12호
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• pp.1690-1700
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• 1997

Entrained coal gasification tests with Datong coal were performed to assess the influence of oxygen/coal ration and pressure. When gasification condition in oxygen/coal ratio has changed from 0.5 to 1.0, optimal gasification condition from low pressure runs was oxygen/coal ratio of approximately 0.9 where CO was produced about 40% and H, about 20%. Under the pressure condition of 12-14 atmospheres, optimal oxygen/coal ratio value was in the region of 0.6 where CO was produced about 55% and H2about 25%. From these results, it was found that the oxygen/ coal ratio for the maximum production of CO and H, was decreasing with the increase in gasifier pressure and also, with increasing oxygen content, carbon conversion was increased. For the Chinese Datong coal, cold gas efficiency was in the range of 40-80%.

• Journal of Mechanical Science and Technology
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• 제19권10호
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• pp.1902-1909
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• 2005

A process for production of ethyl ester for use as biodiesel has been studied. The sodium hydroxide catalyzed transesterification of soybean oil with ethanol was carried out at different molar ratio of alcohol to oil, reaction temperature and catalyst amount for a constant agitation in two hours of reaction time. Central composite design and response surface methodology were used to determine optimum condition for producing biodiesel. It was found that ethanol to oil ratio and catalyst concentration have a positive influence on ester conversion as well as interaction effects between the three factors considered. An empirical model obtained was able to predict conversion as a function of ethanol to oil molar ratio, reaction temperature and catalyst concentration adequately. Optimum condition for soybean ethyl ester production was found to be moderate ethanol to oil ratio (10.5: 1), mild temperature range ($70^{\circ}C$) and high catalyst concentrations ($1.0\%$wt), with corresponding ester conversion of $93.0\%$.

• 한국에너지공학회:학술대회논문집
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• 한국에너지공학회 1999년도 춘계 학술발표회 논문집
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• pp.23-31
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• 1999

가압 조건하에서의 석탄가스화 특성을 규명하기 위해, 온도, 압력, 산소/석탄비, 수증기/석탄비 등을 변화시켜가며 로토탄(Sub A)에 대하여 PDTF(Pressurized drop tube furnace) 실험을 수행하였다. 실험결과, 상압 조건에서보다 가압조건에서의 가스화가 탄소 전환율과 냉가스효율의 측면에서 더 유리한 것으로 측정되었다. 최대의 냉가스효율을 보이는 산소/석탄비(무게기준)는 0.5∼0.7(g/g)로 측정되었고, 온도가 충분히 높은 경우에만 수증기/석탄비의 증가가 냉가스효율의 증가를 가져왔다. 압력이 증가할수록 열분해에 의한 탄소전환의 비중은 감소하고 대신 기고반응(heterogeneous reaction)에 의한 탄소전환의 비중이 증가하였다.

• 농촌계획
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• 제20권4호
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• pp.55-66
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• 2014

This study analyzed the recognition of local residents surrounding farmland conversion area. The details of the survey on the residents included recognition of farmland conversion, the usage and reason of farmland conversion in the surrounding area, impacts of farmland conversion on the local region and agricultural production, and change in farmland prices. According to the analysis, the aging of the local residents progressed, and the ratio of farming population was high in the case study area. There were many warehouse facilities and small scale factories in terms of farmland conversion in the case study area, due to the surrounding area characteristics of industrial complex and relatively cheaper land prices. The farmland conversion affected the local area and residents both positively and negatively, and the surrounding area's land prices rose. The policy implications, based on the findings in this study, indicate the following need to be carried out: the consolidation of action on farmland pollution upon farmland conversion, review of planned collective conversion mode, and return of the land price hike profits to the affected local area and residents. Actually, farmland conversion should be conducted, after a comprehensive and systematic review, because it affects the local area and residents in a complex way.

• Asian-Australasian Journal of Animal Sciences
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• 제27권4호
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• pp.530-536
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• 2014

In a $2{\times}2$ factorial experiment the hypotheses tested were that the metabolic acid load caused by benzoic acid (BA) added to the feed affects bone mineralization of weanling pigs, and that a wide dietary calcium (Ca) to phosphorus (P) ratio in phytase-supplemented feeds with a marginal P concentration has a positive effect on bone mineralization. The four experimental diets, which contained 0.4% P and were supplemented with 1,000 FTU phytase/kg, contained either 5 g BA/kg or no BA and either 0.77% Ca or 0.57% Ca. The 68 four-week-old Large White pigs were fed the experimental diets ad libitum for six weeks and were then slaughtered. Benzoic acid increased feed intake (p = 0.009) and growth rate (p = 0.051), but did not influence the feed conversion ratio (p>0.10). Benzoic acid decreased the pH of the urine (p = 0.031), but did not affect breaking strength and mineralization of the tibia (p>0.10). The wide Ca:P ratio decreased feed intake (p = 0.034) and growth rate (p = 0.007) and impaired feed the conversion ratio (p = 0.027), but increased the mineral concentration in the fat-free DM of the tibia (p = 0.013) without influencing its breaking strength (p>0.10). The observed positive effect of the wide Ca:P ratio on bone mineralization may be attributed, at least in part, to the impaired feed conversion ratio, i.e. to the higher feed intake and consequently to the higher mineral intake per kg BW gain. The negative impact on animal performance of the wide dietary Ca:P ratio outweighs its potentially positive effect on bone mineralization, precluding its implementation under practical feeding conditions.

• 한국대기환경학회지
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• 제23권3호
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• pp.277-285
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• 2007

Porous cordierite beads, of which the average pore size was $130{\mu}m$ and porosity was about 80%, were prepared by the foaming method and then their application as support of the $Pt/{\gamma}-alumina$ catalyst for $NO_x$, reduction with propene was investigated. The pressure drop of a 2 mm porous beads filter was less than that of a 1 mm porous beads filter and the difference in pressure drop between these two increased as the flow rate increased. The catalytic activity of $Pt/{\gamma}-alumina$ washcoated on the porous bead was tested with varying Pt loading $(0.005{\sim}0.1g/cm^3),\;C_3H_6/NO$ mole ratio $(0.5{\sim}8)$, space velocity $(20,000{\sim}30,000h^{-1})$ and oxygen contents (1 and 8). Pt loading of $0.04g/cm^3$ showed the highest activity for $NO_x$ conversion. The $De-NO_x$, test was operated in the temperature range of $200{\sim}400^{\circ}C$ and the best operation temperature of the catalytic filter is about $250^{\circ}C$. As the C/N ratio increased, increase of the $NO_x$, conversion might result from the increase in exhaustion of the amount of oxygen by the reduction of hydrocarbon. $NO_x$ conversion at $20,000h^{-1}$ of space velocity shows a maximum 34% higher conversion than that at $30,000h^{-1}$. On condition that $O_2$ was 5%, space velocity was $20,000h^{-1}$ and the C/N ratio was 8, the $NO_x$ conversion exhibited a maximum of 40% at $250^{\circ}C$.