• Resources Recycling
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• v.18 no.1
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• pp.3-12
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• 2009

Oil sands are sands containing bitumen similar to crude petroleum. Oil sands had not received enough interest because of the high production cost. However, in the current record-high oil price situation, oil sands are considered as new sources for unconventional oil. In this study, patents analysis was performed for the technologies of production of synthetic crude oil from oil sands. The patents covered were open patents applied in Korea, US, Canada, Japan, Europe, and China. The patents were divided into five detailed technologies; mining and in-situ, extraction, upgrading, fuelling, and other technologies. For oil sands technologies, there have been steady patent applications, since the first patent was applied in 1969. The number of patents applied appeared to be affected by the variation of world oil price. The portion of patents applied in US and Canada was about 90% of the overall patents and it means 05 and Canada have led oil sands technologies. Mining and in-situ technologies, and extraction have been developed actively and occupied more than 77% of the overall patents. However, the number of patents applied for mining and in-situ technologies, and extraction has been constant or started to decrease since 2000. The number of patents applied for upgrading technologies increases recently and it shows the development of upgrading technologies is active now.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.20 no.11
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• pp.746-751
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• 2008

The best plan to reduce the building energy consumption is that the insulation performance should be improved because the insulation and airtight of building envelopes have an effect on the energy consumption basically. New insulation materials, which have the high performance and are above insulation standard, have been developed steadily. Because there are not studies on the building energy rating system and economic evaluation considering new insulation materials, these matters should be studied. In result alternatives, which applied 6 high performance material each, reduce the annual heating energy and raise the building energy rating. Applying the vacuum insulation material(Case 1, 2) and vacuum or triple glazing can retrieves the investment with $120 and $140$\sim$150 per barrel each.

• Environmental and Resource Economics Review
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• v.21 no.3
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• pp.441-464
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• 2012

As prices of energy resources such as oil and gas started to rise steadily in 2000, energy security has been one of the most important topics in the world. To secure more energy, most of countries which are highly dependent on imported energy resources try to occupy oversea oil or gas reserves, thereby intensifying competition for energy resources around world. Under this circumstance, we focus on independent E&P companies since they are relatively small size companies which are suitable for M&A. We analyze investment option values for these E&P companies using a real option model for depletable resources. Based on analytical model, empirical study is provided to examine rationality of investment for energy companies. The result shows sufficient profitability for independent E&P companies in both oil and gas projects in the North America during 2004 to 2008. In Particular, oil projects were more feasible than gas project due to lower price of gas and high volatility of gas price at that time.

• 한국연소학회:학술대회논문집
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• 2014.11a
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• pp.297-299
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• 2014

Petroleum coke has high heating value and low price. Due to the steadily increasing demand for heavy oil processing, the production volume of petroleum coke tends to be expanded. The high availability and low price of petroleum coke have been strongly considered as candidate fuel for power generation facilities. However the high carbon content, high sulfur content and nitrogen content of petroleum fuel are known to produce relatively large quantity of CO2, high NOx and SO2 emission. In this work, a series of numerical simulations have been carried out in order to investigate the effects of swirl flow intensity on combustion furnace, which is most important operating condition. Results show that the temperature distribution was spatially uniform at about 1600K but high temperature region are located quite differently depending on swirl number. In addition, numerical temperature data was compared with experimental temperature data and its temperature difference shows less than 10%. On the other hand, discrepancy between numerical and experimental emission data were slightly large with necessities of improved emission model.

• Proceedings of the Korean Society of Tribologists and Lubrication Engineers Conference
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• 2000.11a
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• pp.100-106
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• 2000

Recently, the population of vehicles using LPG as fuel has been increasing due to relatively low fuel price and low tax. Although gasoline engine oils we usually used to lubricate LPG engines, some troubles such as oil thickening and TBN depletion were found in them under severe operating condition. In order to investigate the deterioration mechanism of lubricants in LPG engine, field trials were performed. The results from the field trials showed that the deterioration of oils in LPG engine is different from that in normal gasoline engine. LPG engine oil was deteriorated mainly through oxidation and nitration at high temperature rather than contamination of fuel combustion products.

• Asian-Australasian Journal of Animal Sciences
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• v.16 no.9
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• pp.1348-1354
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• 2003

The feeding value of high-oil corn fed to Taiwan Country (TC) chicken was examined by measuring apparent metabolizable energy (AME), growth performance, sexual maturity, carcass characteristics, and plasma pigmentation. In a completely randomized design, 870 sex-intermingled one-wk-old chicks were assigned to one of 30 floor pens, 29 birds per pen, and each pen randomly assigned to one of five dietary treatments. The experiment was ended when birds were 16 wk of age. The five dietary treatments varied in main fat sources, which were corn oil (CO), high-oil corn (HOC), lard (LRD), whole soybean (WSB) and yellow corn (YC), respectively. All the diets were formulated isonitrogenously, isocalorically, and of equal lysine and methionine contents except YC, in which equal amounts of YC replaced HOC. The results indicated that feed conversion in HOC was 8% higher (p<0.05) than YC whereas the calculated AME of HOC was only 3.5% to 4.0% higher than that of YC. No significant differences were observed in body weight, body weight gain, feed consumption, feed conversion ratio and ME efficiency for body weight gain among CO, HOC, LRD, and WSB. No significant differences existed in both skin and muscle pigmentation of breast among the five dietary treatments. No significance differences existed in plasma carotenoid content measured at various ages among the five dietary treatments except that birds fed with HOC had less (p<0.05) plasma carotenoids at 16 wk-old. The results indicate that if the price of high-oil corn is no more than 1.05 times that of yellow corn, the dietary cost per kg of body weight gain for TC chickens fed diets containing high-oil corn will be less, although their body weight may be lighter compared to chickens fed diets formulated with other fat sources.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.201-208
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• 2020

Terms of trade is an important indicator of the welfare gains from international trade to the exporting country. Terms of trade of oil-exporting countries are hypothesized to depend primarily on oil prices. The study assesses the relation between oil prices and the terms of trade of Saudi Arabia. The study uses the Autoregressive Distributed Lag method to determine the cointegration between the country's terms of trade and oil prices for the period 2000-2018. The data for net barter terms of trade is taken from World Development Indicators and oil price is taken from Saudi Arabian Monetary Agency. The results show that oil prices and terms of trade are cointegrated and any disequilibrium between the two variables is corrected by 35% in a year. The study also reports a positive relationship between the two items, both in the short run and long run. Diagnostic tests indicate the model to be fit. The results suggest that, for a primarily oil-producing country like Saudi Arabia, the terms of trade depend on oil prices. The study fills the gap in the literature on the study of terms of trade for Saudi Arabia for the last few years, where there has been a high volatility in oil prices.

• Journal of the Korea Institute of Building Construction
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• v.24 no.2
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• pp.273-284
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• 2024

This study investigates the impact of international oil price fluctuations on overseas construction orders secured by domestic and foreign companies. The analysis employs statistical data spanning the past 20 years, encompassing international oil prices, overseas construction orders from domestic firms, and new overseas construction orders from the top 250 global construction companies. The correlation between these variables is assessed using correlation coefficients(R), determination coefficients(R²), and p-values. The results indicate a strong positive correlation between international oil prices and overseas construction orders. The correlation coefficient between domestic overseas construction orders and oil prices is found to be 0.8 or higher, signifying a significant influence. Similarly, a high correlation coefficient of 0.76 is observed between oil prices and new orders from leading global construction companies. Further analysis reveals a particularly strong correlation between oil prices and overseas construction orders in Asia and the Middle East, potentially due to the prevalence of oil-related projects in these regions. Additionally, a high correlation is observed between oil prices and orders for industrial facilities compared to architectural projects. This suggests an increase in plant construction volumes driven by fluctuations in oil prices. Based on these findings, the study proposes an entry strategy for navigating oil price volatility and maintaining competitiveness in the overseas construction market. Key recommendations include diversifying project locations and supplier bases; utilizing hedging techniques for exchange rate risk management, adapting to local infrastructure and market conditions, establishing local partnerships and securing skilled local labor, implementing technological innovations and digitization at construction sites to enhance productivity and cost reduction The insights gained from this study, coupled with the proposed overseas expansion strategies, offer valuable guidance for mitigating risks in the global construction market and fostering resilience in response to international oil price fluctuations. This approach is expected to strengthen the competitiveness of domestic and foreign construction firms seeking success in the international arena.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.4
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• pp.373-381
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• 2016

To investigate the influence of hand cream of domestic and foreign brands on the purchase tendency, a survey was conducted on hand cream application, purchase tendency, and perception of 105 women in a metropolitan area. Market research was then conducted to compare the hand cream cost, quantity, and total substance, and the hand creams were sorted according to high-price and low-price, and foreign brand and domestic brand, and a clinical demonstration was conducted by back-hand application on 17 recipients to analyze the moisture and skin oil differences and the moisture endurance. As a result, the percentage of subjects who perceived that the price and brand of hand cream affects the quality was higher than those who did not, and the hand cream prize per 1mg (g) varied as much as fourfold among the high-price and low-price, and among foreign and domestic brands. The result of the total substance comparison, glycerin the moisturizer and cetearyl alcohol the skin conditioner were included in all hand creams. As a result of the clinical demonstration, the difference in moisture and skin oil difference and moisture endurance between the high-price and low-price and foreign brand did not show a statistically significant difference. These results show that there are no relationships between skin moisture and sebeum of the brand. Therefore, considering that hand cream is a highly consumptive product that is used multiple times on a daily basis, these results might provide fundamental data that could contribute to the increase in hand cream product quality by determining the consumers' needs.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2010.04a
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• pp.494-506
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• 2010

On the crisis of international economy, the government is making an effort to seek economic growing motivation with the method of overcoming economic crisis and 'low carbon green growth'. Furthermore, to promote maritime vessel traffic service related inefficient energy wastage was revealed and eco-friendly alternative energy was accepted because of high price of oil in the beginning of 2008. In this situation, I'm going to discuss the possibility of eco-friendly energy system in maritime vessel traffic service with the way of cutting the budget and expansion of solar power generation system which was promoted to meet governmental 'energy saving plan for high price of oil'.