• Title/Summary/Keyword: Energy Trade

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Analysis on the Dependence Structure between Energy Price and Economic Uncertainty Using Copula Model (Copula 모형을 이용한 에너지 가격과 경제적 불확실성 사이의 의존관계 분석)

  • Kim, Bu-Kwon;Choi, Ki-Hong;Yoon, Seong-Min
    • Environmental and Resource Economics Review
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    • v.29 no.2
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    • pp.145-170
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    • 2020
  • This study analyzes the dependence structure between energy (crude oil, natural gas, coal) prices and economic (real and financial) uncertainty. Summary of the results of the dependence structure between energy prices and economic uncertainty analysis is as follows. First, the results of model selection show that the BB7 copula model for the pair of crude oil price and economic uncertainty, the Joe copula model for the pair of natural gas price and economic uncertainty, and the Clayton copula model for the pair of coal price and economic uncertainty were chosen. Second, looking at the dependency structure, it showed that the pair of energy (crude oil, natural gas, coal) prices and real market uncertainty show positive dependence. Whereas, the only pair of financial market uncertainty-crude oil price shows positive dependency. In particular, crude oil price was found to have the greatest dependence on economic uncertainty. Third, looking at the results of tail dependency, the pair of real market uncertainty-crude oil price and pair of real market uncertainty-natural gas price have an asymmetric relationship with the upper tail dependency. It can be seen that the only pair of financial market uncertainty-crude oil represents asymmetric relationships with the upper tail dependencies. In other words, combinations with asymmetric relationships have shown strong dependence when negative extreme events occur. On the other hand, tail dependence between economic uncertainty and coal price be not found.

Effects of Swirl and Combustion Parameters on the Performance and Emission in a Turbocharged D.1. Diesel Engine (선회유동 및 연소인자가 터보과급 디젤엔진의 성능 및 배기가스특성에 미치는 영향)

  • 윤준규;차경옥
    • Journal of Energy Engineering
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    • v.11 no.2
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    • pp.90-98
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    • 2002
  • The effects of swirl and combustion parameters on the performance and emission in a turbo-charged D.I. diesel engine of the displacement 9.4L were studied experimentally in this paper. Generally the swirl in the combustion process of diesel engine promotes mixing of the injection fuel and the intake air. It is a major factor to improve the engine performance because the fuel consumption and NO$_{x}$ is trade-off according to the high temperature and high pressure of combustion gas in a turbocharged D.I. diesel engine, it's necessary to thinking over the intake and exhaust system, the design of combustion bowl and so on. In order to choose a turbocharger of appropriate capacity. As a result of steady flow test, when the swirl ratio is increased, the mean flow coefficient is decreased, whereas the gulf factor is increased. Also, through engine test its can be expected to meet performance and emissions by optimizing the main parameter's; the swirl ratio is 2.43, injection timing is BTDC 13$^{\circ}$ CA, compression ratio is 16, combustion bowl is re-entrant 5$^{\circ}$, nozzle hole diameter is $\Phi$0.28*6, turbocharger is GT40 model which are compressor A/R 0.58 and turbine A/R 1.19.

The Effect of Low Boiling Point Oxygenates on the Diesel Engine Performance and Emissions (저비점 함산소물질이 디젤기관의 성능과 배기배출물에 미치는 영향)

  • 김봉석;송용식;궁본등
    • Journal of Energy Engineering
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    • v.13 no.1
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    • pp.20-27
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    • 2004
  • In the study, the effect of low boiling point oxygenates in high viscous fuels on the exhaust emissions has been investigated for a single cylinder DI diesel engine. It was tested to estimated change of engine performance and exhaust emission characteristics for the base fuels and low boiling point oxygenates blended fuel which have six kinds of fuels and various mixed rates. The results of the study may be con eluded as follows By blending of various low boiling point oxygenated agents to lower grade fuels, significant improvements were simultaneously obtained in smoke, CO, PM, SOF and BSEC. Especially, these trends were remarkably obtained by retarding injection timing, by decreasing boiling point and increasing blending contents of additives in case of oxygenated agents rather than non-oxygenated agents. Also, it was revealed that when 20 vol.% DMM added to high viscosity fuels and injection timing was retarded, Nox-smoke trade off relationship was much better than that of ordinary diesel fuel. Thus, lower grade fuels with high viscosity could be expected to be used efficiently and cleanly in diesel operation by blending low boiling point oxygenates.

Innovation and Future Skills Needs-Green Car (기술혁신과 미래숙련수요 대응-그린카 발전을 중심으로)

  • Hwang, Gyu-Hee;Lee, Joong-Man
    • Journal of Korea Technology Innovation Society
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    • v.13 no.3
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    • pp.399-422
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    • 2010
  • Global expansion of regulation for carbon emission has brought new industrial regulations and trade barriers while the global economy is promoting economic stimulus through a variety of green investments such as renewable energy development, energy efficiency increase, and environmental improvement simultaneously. Korean government is trying to seek a new opportunity to grow through green investment in this change of business environment and businesses are facing the transition to low-carbon and eco-friendly structure for their survival. It is promoting not only industry structure changes and conversion but also demanding changes of workforce composition and requirement skills. In response to convergence of green economy, manpower development for future skills needs is provided the main impetus for response as well as promotion green growth. This study will analyze human resource development plan due to future skills needs emphasizing on automative industry. Also the study will be researched on the problems of present curriculum of undergraduate and look for improvements tasks. Upon the result, promotion plans for human resource development in other sectors of green car in response to future skills needs in green growth can be found.

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A Study on the Influence of Test Temperature & Cooling Fan Condition on the Fuel Test of Diesel Vehicle (디젤차량 연비시험에 있어 시험온도 및 냉각팬 조건이 미치는 영향분석에 관한 연구)

  • Kim, Hyun-Jin;Kim, Sung-Woo;Lim, Jae-Hyuk;Noh, Kyung-ha;Lee, Jung-Cheon;Kim, Ki-Ho;Oh, Sang-Gi
    • Journal of Power System Engineering
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    • v.21 no.6
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    • pp.46-55
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    • 2017
  • Due to the arise of natural disasters caused by global warming, consumers have more interest in the fuel efficiency of their vehicles, and fuel efficiency became an important factor in comparing vehicles. In this market situation, methods to measure fuel efficiency has become one of the main interests of vehicle related organizations and laboratories, and the current method to measure fuel efficiency is to follow the notification established by the ministry of trade, industry and energy, ministry of environment, and the ministry of land, infrastructure and transport. In this study, we analyze the influence of vehicle fuel efficiency according to test temperature and cooling fan condition which have the possibility to cause difference in fuel efficiency. The analysis results of the influence of the fuel efficiency according to the test temperature, the difference of the fuel efficiency of the test temperature ($21{\sim}29^{\circ}C$) within the allowable range of the notification showed a maximum difference of 2.9%. Therefore, it is necessary to consider the introduction of a test method that permits only the temperature change based on the reference point as the allowable range even in the test within the allowable range. The analysis of the influence of the fuel efficiency according to the cooling method showed no significant effect, and it seems reasonable to maintain the test method of the current notification.

Current Status and Prospect of Qauality Evaluation in Maize (옥수수의 품질평가 현황과 전망)

  • 김선림;문현귀;류용환
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.47
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    • pp.107-123
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    • 2002
  • This paper is intented to present a information of various aspects of quality related characteristics and standards for grades in maize. Maize is world's one of the three most popular cereal crops and a primary energy supplement and can contribute up to 30, 60, and 98% of the dairy diet's protein, net energy, and starch, respectively. Maize is also processed into industrial goods by wet or dry milling. Sweet corn is a leader among vegetable crops and its production for fresh or processing markets is a major industry in many countries. Over the years, the combined efforts of breeders and geneticists, biochemists, food scientists, and others have helped bring us to the point where we understand issues related to sweet corn quality. Traditional criteria for selecting corn hybrids have been based primarily on agronomic factors, including grain production, disease resistance, drought tolerance, and storage characteristics. Little emphasis has been placed on the quality and nutritional values of corn. Although there is widespread interest for value-enhanced corns have increased tremendously in the last five years, there is limited information available on the production and comparing the quality attributes of specialty grains with those of normal yellow dent corn. Most countries have developed national maize standards, aiming to provide a framework for trade, both internal and external. Where trading involves direct choice and price negotiation in front of the commodity, grading standards are rarely employed; quality is assessed visually and is influenced by end-use, and the price is determined more by local rather than national factors. The use of an agreed standard will provide an unambiguous description of the quality of the consignment and assist in the formation of a legally-binding contract. Standards can also be seen to protect consumers rights through setting limits to the amount of unsuitable or noxious material.

Strategy of Driver Selection in C3MR Process Considering Extraction Rate from Natural Gas Well (가스전의 추출속도를 고려한 C3MR 공정의 동력기 선택전략)

  • Lee, Sunkyu;Lee, Inkyu;Tak, Kyungjae;Moon, Il
    • Journal of the Korean Institute of Gas
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    • v.20 no.1
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    • pp.7-12
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    • 2016
  • Natural gas liquefaction process is essential to transport natural gas for long distances. Lots of compressors in this process are needed and the energy for these compressors can be supplied by drivers. Total driver cost can be changed by selecting various drivers. This study focused on the minimization of the driver cost to provide the energy to the compressors. Moreover, scenarios, extracting velocity is changed during whole operating period, are set with considering gas well capacity. The mathematical model was established by considering trade off relationship between the capital cost and the operating cost of the turbines. The model also considers the life time of the driver equipments. As the result, the driver cost of the optimized case was reduced by 6.4% than the base case.

Early adjusting damping force for sloped rolling-type seismic isolators based on earthquake early warning information

  • Hsu, Ting-Yu;Huang, Chih-Hua;Wang, Shiang-Jung
    • Earthquakes and Structures
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    • v.20 no.1
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    • pp.39-53
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    • 2021
  • By means of installing sloped rolling-type seismic isolators (SRI), the horizontal acceleration transmitted to the to-be-protected object above can be effectively and significantly reduced under external disturbance. To prevent the maximum horizontal displacement response of SRI from reaching a threshold, designing large and conservative damping force for SRI might be required, which will also enlarge the transmitted acceleration response. In a word, when adopting seismic isolation, minimizing acceleration or displacement responses is always a trade-off. Therefore, this paper proposes that by exploiting the possible information provided by an earthquake early warning system, the damping force applied to SRI which can better control both acceleration and displacement responses might be determined in advance and accordingly adjusted in a semi-active control manner. By using a large number of ground motion records with peak ground acceleration not less than 80 gal, the numerical results present that the maximum horizontal displacement response of SRI is highly correlated with and proportional to some important parameters of input excitations, the velocity pulse energy rate and peak velocity in particular. A control law employing the basic form of hyperbolic tangent function and two objective functions are considered in this study for conceptually developing suitable control algorithms. Compared with the numerical results of simply designing a constant, large damping factor to prevent SRI from pounding, adopting the recommended control algorithms can have more than 60% reduction of acceleration responses in average under the excitations. More importantly, it is effective in reducing acceleration responses under approximately 98% of the excitations.

Assesment of Domestic Import Risk for Liquefied Natural Gas in Korea (국내 액화천연가스 도입구조의 위험성 평가)

  • Yu, Hyejin;Oh, Keun-Yeob;Cho, Wonjun;Lim, Oktaeck
    • Journal of the Korean Institute of Gas
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    • v.25 no.1
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    • pp.30-39
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    • 2021
  • Natural gas is globally emerging as an important energy source for environmental, political and regional reasons. In Korea, natural gas imported from oversea natural gas resources as a LNG, it is increased for an applications as a fuel and feedstock which replace the coal and nuclear energy. Because it is relied on the import market in Korea, it is very important to analyze the security for supply. Therefore, this study suggested a method for reducing supply risk and for providing stable supply and demand through risk analysis of Korea's import structure. In order to reduce the supply risk, the concentration of importing countries should be lowered and it is necessary to lower the proportion of countries with relatively low GSSI and increase the imports from Russia. Finally increasing the number of importing countries or maintaining friendly relations with countries where the supply is stable could give us the positive impact in terms of total GSSI.

Transaction Model Suggestion by using Two Enforcements with a Blockchain based on a Service Platform (서비스 플랫폼 기반 이중강화적용 블록체인 응용 거래모델 제안)

  • Lee, Kwan Mok;Kim, Yong Hwan;Bae, Ki Tae
    • Smart Media Journal
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    • v.9 no.4
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    • pp.91-96
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    • 2020
  • A blockchain is a technology in which all nodes participating in a distributed network manage each transaction's contents without a central server managing the transaction, which is a record of the transaction. The block containing the transaction record of a specific period is connected to the blockchain by referring to the hash value for the previous block, and the chain with the new block added is shared with all nodes again. Transactions using existing certificates will pass through FinTech, and in the near future, applications using blockchains are expected to emerge. In this study, we analyze the problems of the existing model, and propose a transaction model that applies the blockchain to come. Among various applications, this study develops a trading model targeting the energy sales market among the topics that will lead the fourth industrial revolution. As a result of analyzing the proposed model, it was possible to be sure of the possibility of a safer energy sales transaction than the existing method.