• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.49 no.3
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• pp.291-300
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• 2013

The main purpose of this study is to analyse economic feasibility of low-carbon-oriented gear for anchovy boat seine. The results of benefit/cost analysis showed that use of the low-carbon fishing gear is economically feasible. Considering the fuel saving and relatively low $CO_2$ emission by reducing the resistance of gear, net present value by such type 1 gear improvement was estimated about -2,490 ~ -1,580 million won with the benefit-cost ratio 0.81~ 0.88. And net present value by such type 2 gear improvement was estimated about 6,540 ~ 7,780 million won with the benefit-cost ratio 1.79 ~ 1.94. Development of lowcarbon trawl gear would render significant contributions to reducing $CO_2$ emission in fishing operations and lead to reduce fishing costs due to fuel savings.

• Carbon letters
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• v.15 no.2
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• pp.129-135
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• 2014

Spinnable pitch for melt-electrospinning was obtained from pyrolized fuel oil by electron beam (E-beam) radiation treatment. The modified pitch was characterized by measuring its elemental composition, softening point, viscosity, molecular weight, and spinnability. The softening point and viscosity properties of the modified pitch were influenced by reforming types (heat or E-beam radiation treatment) and the use of a catalyst. The softening point and molecular weight were increased in proportion to absorbed doses of E-beam radiation and added $AlCl_3$ due to the formation of pitch by free radical polymerization. The range of the molecular weight distribution of the modified pitch becomes narrow with better spinning owing to the generated aromatic compounds with similar molecular weight. The diameter of melt-electrospun pitch fibers under applied power of 20 kV decreased 53% ($4.7{\pm}0.9{\mu}m$) compared to that of melt-spun pitch fibers ($10.2{\pm}2.8{\mu}m$). It is found that E-beam treatment for reforming could be a promising method in terms of time-savings and cost-effectiveness, and the melt-electrospinning method is suitable for the preparation of thinner fibers than those obtained with the conventional melt-spinning method.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.48 no.4
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• pp.360-369
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• 2012

The main purpose of this study is to analyse economic feasibility of low-carbon-oriented trawl gear. The results of benefit/cost analysis showed that use of the low-carbon fishing gear is economically feasible. Considering the fuel saving and relatively low $CO_2$ emission by reducing the resistance of gear, net present value by such gear improvement was estimated about 2,430~2,853 million won with the benefit-cost ratio 1.65~1.84 and the internal rate of return 29.18~30.48 percent. Development of low-carbon trawl gear would render significant contributions to reducing $CO_2$ emission in fishing operations and lead to reduce fishing costs due to fuel savings.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.8
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• pp.1347-1354
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• 2016

This paper presents optimal operational scheduling model and economic assessment of Li-ion battery energy storage systems installed in non-residential customers. The operation schedule of a BESS is determined to minimize electric bill, which is composed of demand and energy charges. Dynamic programming is introduced to solve the nonlinear optimization problem. Based on the optimal operation schedule result, the economics of a BESS are evaluated in the investor and the social perspective respectively. Calculated benefits in the investor or customer perspective are the savings of demand charge, energy charge, and related taxes. The social benefits include fuel cost savings of generating units, construction deferral effects of the generation capacity and T&D infra, and incremental CO2 emission cost impacts, etc. Case studies are applied to an large industrial customer that shows similarly repeated load patterns according to days of the week.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.69-81
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• 2021

The aim of this paper is to identify the key determinants in the Gulf Cooperation Council (GCC) countries for Foreign Direct Investment (FDI) inflows by using a balanced data panel for the period from 1995 to 2018. This study covers GCC countries in their entirety. The study uses ten explanatory variables, namely, trade ratio, gross domestic product, external balance, fuel exports, gross savings, international tourism, military expenditure, net foreign assets, services value added, and total natural resources. The authors have tried to find the best fit model from the differences methods considered such as OLS, GLS regression with the help of Hausman test, and country by country regressions as additional analysis. The study revealed a significantly positive association between inflation, trade ratio, gross domestic product, gross savings, and net foreign assets with FDI. On the contrary, international tourism was revealed to have a negative association with FDI. The sample of all GCC countries chosen for this study has not been considered widely by any earlier study. Moreover, this study covered many determinants of FDI that add to the previous literature. It is a significant contribution to the current research body and stresses the originality of this paper.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.49 no.3
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• pp.175-187
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• 2013

Fuel consumption in fisheries is a primary concern due to environmental effects and costs to fishermen. Much research has been carried out to reduce the fuel consumption related to fishing operations. The fuel consumption of fishing gear during fishing operation is generally related to hydrodynamic resistance on the gear. This research demonstrates a new approach using numerical methods to reduce fuel consumption. The results from the simulation were verified with results that mirrored the model experiments. By designing the fishing gear using drawing software, the whole and partial resistance force on the gear can be calculated as a result of simulations. The simulation results will suggest suitable materials or gear structure for reducing the hydrodynamic forces on the gear while maintaining the performance of the gear. Furthermore, the efficiency of low energy used anchovy dragnet as economic point of view will be dealt. This research will helpful to reduce the GHG emissions from fishing operations and lead to reduce fishing costs due to fuel savings.

• The Journal of the Korea institute of electronic communication sciences
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• v.5 no.6
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• pp.645-650
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• 2010

In this research, the problem of combustion and its system in Hyundai Heavy Industries and Sachuan Unison will be analyzed in order to provide some methods of thermal efficiency improvement and help to make a positive influence on fuel savings and their productivity. In forging industries, in order to improve the material properties of the industrial heating elements which are being used, depending on different operation conditions of system equipment and combustion systems, fuel consumption and material properties can get a profound influence. Thus, analyzing about combustion system characteristics of 100 tons heating furnace and heat treatment furnace which are in operation in Hyundai Heavy Industry will be done. In usual, air-fuel ratio is proper for capacity of burner installed in each heating device, otherwise burner gets an automatic turn down ratio. It has a profound influence on heating performance and precision of temperature because it is the fixed characteristics of every industrial furnace. Even if there are some methods to improve the heating performance of a furnace installed with a large capacity burner, it is very difficult to obtain the precision of temperature in maintenance interval. Based on this, performance of burner can be drove to best by improving combustion system. Proper Combustion characteristic for each heating interval was analyzed in heating furnace in Hyundai Heavy Industry. A project plan for improving fuel savings and increasing precision of temperature was presented in this research.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.9 no.3
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• pp.59-66
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• 2010

Around a toll plaza, vehicles do such maneuvers as slow down, stop, and speed up to pay their tolls when they use ordinary toll gates. They can be expected more fuel consumptions compared to the vehicles which use the Hi-pass, a Korean type of Electronic Toll Collection System(ETCS). To measure the exact amount of difference between the two gas consumptions, we equipped a test vehicle with a measurement system and constructed a model toll gate on our test field. Through the field tests on fuel consumptions, we could confirm a 36.7 % of energy saving when the test car used the Hi-pass. Then we projected the result on the total traffic volumes which had used national expressway network for five months from January 2009. Projected to the whole traffic, potential cost savings reached 5.34 billion won. We expect this result be frequently mentioned of to prove the fuel efficiency of the Hi-pass system.

• Journal of Advanced Marine Engineering and Technology
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• v.39 no.6
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• pp.620-625
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• 2015

In an effort to reduce the onset of global warming, the International Maritime Organization Marine Environment Protection Committee (IMO MEPC) proposed the reduction in ship speeds as a way of lowering the proportion of carbon dioxide ($CO_2$) in the Green House Gas emissions from ships. To minimize fuel costs, shipping companies have already been performing slow steaming for their own fleets. Specifically, the slow steaming approach has been adopted for most ocean-going container lines. In addition, because of the increased marine fuel cost that is required to enable increased capacity, there is an urgent need for more advanced fuel-saving technologies. Therefore, in this present study, we propose a fuel-cost reduction method that can improve the performance of diesel engines. We introduce a predetermined amount (0.025% of the amount of fuel used) of fuel additive (oil-soluble calcium-based organometallic compound). For improved experimental accuracy, as the test subjects, we utilize a large two-stroke diesel engine installed in land plants. The loads of the test engine were classified as low, medium, and high (50, 75, and 100%, respectively). We compare the engine performance parameters (power output, fuel consumption rate, p-max, and exhaust temperature) before and after the addition of fuel additives. Our experimental results, confirmed that we can realize fuel-cost savings of at least 2% by adding the fuel additive in low load conditions (50%). Likewise, the maximum combustion pressure was found to have increased. On the other hand, we observed that there was a reduction in the exhaust temperature.

• Journal of Korean Society of Transportation
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• v.33 no.1
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• pp.40-49
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• 2015

In this study, the effects of inertial driving on a fuel-cut zone were analyzed by measuring the instantaneous variations of fuel consumption and speed. Thirteen sites with 2-8% downhill slopes were selected for the vehicle experiments. The vehicles were driven on the sites in two different driving modes, and the various vehicle states were measured using OBD under driving. For the analysis of the effects of inertial driving, the characteristics of fuel consumption, speed, and rpm were compared between normal and inertial driving. As a result, the fuel consumption was reduced from 24% to 78% according to the downhill grade. The amount of fuel consumption reduction was about 30cc for driving 500m downhill. Fuel cost savings amounting to 35 billion won can be achieved if inertial driving will be done in the case of Munemi-ro3. It is also believed that the reduced fuel consumption and vehicle speed through inertial driving will have considerable environmental and safety benefits.