• Title/Summary/Keyword: Oil business

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A Study on Oil Price Risk Affecting the Korean Stock Market (한국주식시장에 파급되는 국제유가의 위험에 관한 연구)

  • Seo, Ji-Yong
    • The Korean Journal of Financial Management
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    • v.24 no.4
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    • pp.75-106
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    • 2007
  • In this study, it is analyzed whether oil price plays a major role in the pricing return on Koran stock market and examined why the covariance risk between oil and return on stock is different in each industry. Firstly, this study explores whether the expected rate of return on stock is pricing due to global oil price factors as a function of risk premium by using a two-factor APT. Also, it is examined whether spill-over effects of oil price volatility affect the beta risk to oil price. Considering the asymmetry of oil price volatility, we use the GJR model. As a result, it shows that oil price is an independent pricing factor and oil price volatility transmits to stock return in only electricity and electrical equipment. Secondly, the two step-analyzing process is introduced to find why the covariance between oil price factor and stock return is different in each industry. The first step is to study whether beta risk exists in each industry by using two proxy variables like size and liquidity as control variables. The second step is to grasp the systematic relationship between the difference of liquidity and size and beta to oil price factor by using the panel-data model which can be analyzed efficiently using the cross-sectional data formed with time series. Through the analysis, we can argue that oil price factor is an independent pricing factor in only electricity and electrical equipment having the greatest market capitalization, and know that beta risk to oil price factor is a proxy of size in the other industries. According to the result of panel-data model, it is argued that the beta to oil price factor augments when market capitalization increases and this fact supports the first assertion. In conclusion, the expected rate of return of electricity and electrical equipment works as a function of risk premium to market portfolio and oil price, and the reason to make beta risk power differentiated in each industry attributes to the size.

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A Study of Perceived Brand Quality on Customer Satisfaction, Brand Trust and Brand Loyalty (브랜드의 지각된 품질, 브랜드 신뢰와 고객만족과 충성도에 관한연구)

  • Kim, Joong Gyoo;Choi, Hwa Yeol
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.4
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    • pp.163-173
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    • 2014
  • Since the 1990s, the brand has established itself as an important factor to consumers. Consumers is affected by not only the product's physical properties and functions but also the sensitivity associated with the consumption or the product itself. Thus, Many studies has been very active because of the increased interest to the brand that is recognized as one of the intangible assets that create value for the company. The purpose of this paper is to provide the result of methodical analysis about the relationship among leading variables that affect on brand loyalty. Concretely, by methodically defining the relationship among perceived brand quality, customer satisfaction and brand trust, that is leading variable which affect on brand loyalty, focused on frequently used oil companies, this paper would suggest scientific and practical implications through draw a conclusion that this relationship contributes on brand loyalty. The results of empirical test are as follows. Customer perceived brand quality based on fuel quality, positively influence on customer satisfaction and brand trust. Then, customer satisfaction and brand trust positively influence on brand loyalty. According to the results of this study in the oil market, customer cannot distinguish fuel product quality itself among oil companies. Therefore it is strongly suggested that oil companies build and maintain brand loyalty on the basis of perceived brand quality, customer satisfaction and brand trust.

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Strategies of Building Disaster Resistant Communities -Focusing on Hebei Spirit Oil Spill Accident- (재난에 강한 지역공동체 형성 전략 -허베이 스피리트호 기름유출사고를 중심으로-)

  • Yang, Gi-Geun
    • The Journal of the Korea Contents Association
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    • v.9 no.5
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    • pp.249-256
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    • 2009
  • The purpose of this study is to suggest the strategies of building disaster resistant communities to overcome communities destruction and vulnerability caused by the Hebei Spirit oil spill accident in Taean on December 7th, 2007. For accomplishing the purpose, we drew problems of approach based on context of community, governance strategy, and community-based approach. And based on the results of this analysis, suggestions were made as follows for building disaster resistant communities. First, when Hebei Spirit oil spill accident occurred we have been short of regional study and unreality of regional safety plan. For overcoming this points, we have need of activation of regional study and establishment of regional safety plan based on the bottom-up approach. Second, while the spill has brought a milestone activation of volunteer, we have not still efficient disaster management based on governance. So we have to establish network-governance to cooperate with government-business-private sector for efficient disaster management. Third, we argue that it is important to build social capital such as social networks, social contacts for community-based disaster resistant communities.

Advantages and disadvantages of renewable energy-oil-environmental pollution-from the point of view of nanoscience

  • Shunzheng Jia;Xiuhong Niu;Fangting Jia;Tayebeh Mahmoudi
    • Advances in concrete construction
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    • v.16 no.1
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    • pp.69-78
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    • 2023
  • This investigation delves into the adverse repercussions stemming from the impact of arsenic on steel pipes concealed within soil designated for rice cultivation. Simultaneously, the study aims to ascertain effective techniques for detecting arsenic in the soil and to provide strategies for mitigating the corrosion of steel pipes. The realm of nanotechnology presents promising avenues for addressing the intricate intersection of renewable energy, oil, and environmental pollution from a novel perspective. Nanostructured materials, characterized by distinct chemical and physical attributes, unveil novel pathways for pioneering materials that exert a substantial impact across diverse realms of food production, storage, packaging, and quality control. Within the scope of the food industry, the scope of nanotechnology encompasses processes, storage methodologies, packaging paradigms, and safeguards to ensure the safety of consumables. Of particular note, silver nanoparticles, in addition to their commendable antibacterial efficacy, boast anti-fungal and anti-inflammatory prowess, environmental compatibility, minimal irritability and allergenicity, resilience to microbial antagonism, thermal stability, and robustness. Confronting the pressing issue of arsenic contamination within both environmental settings and the food supply is of paramount importance to preserve public health and ecological equilibrium. In response, this study introduces detection kits predicated upon silver nanoparticles, providing an expeditious and economically feasible avenue for identifying arsenic concentrations ranging from 0.5 to 3 ppm within rice. Subsequent quantification employs Hydride Atomic Absorption Spectroscopy (HG-AAS), which features a detection threshold of 0.05 ㎍/l. A salient advantage inherent in the HG-AAS methodology lies in its capacity to segregate analytes from the sample matrix, thereby significantly reducing instances of spectral interference. Importantly, the presence of arsenic in the soil beneath rice cultivation establishes a causative link to steel pipe corrosion, with potential consequences extending to food contamination-an intricate facet embedded within the broader tapestry of renewable energy, oil, and environmental pollution.

Strategy for activation of bioenergy industry (바이오에너지 산업의 발전을 위한 제언)

  • Lee, Jin-Suk;Park, Soon-Chul
    • 한국신재생에너지학회:학술대회논문집
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    • 2006.11a
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    • pp.234-236
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    • 2006
  • Bioenergy emerges as a promising option for achieving the sustainable growth. However, bioenergy has poor cost competitiveness to the fossil fuels such as oil and coal. So many countries either developed or developing actively works for the implementation of various bioenergies. In this paper, the various supporting policies for the activation of the bioenergy business in the developed countries have been analyzed. Through the work, the desirable strategy for the promotion of bioenergy in our country have been suggested.

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A Study on Disposal Method of Non-Point Pollutant of the Rolling Stock Depot (철도 차량기지내 비점오염물 처리방안 연구)

  • Jung, Jae-Hyoung;Shin, Min-Ho;Cho, Kook-Hwan
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.2910-2916
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    • 2011
  • Environmental conservation is becoming the major conversation topic in the 21st century, the era of environment. In the Law for the Preservation of Water Quality, article 53 states "A business unit which is doing business causing pollution caused by non-point pollutant or builds waste water discharge facilities, should report the installation of the non-point pollutant and install the required pollution control facilities". Environmental pollution caused by oil leaks during operation or maintenance has been found in the railway sector. Especially, rolling stock depot is most likely to be affected by environmental pollution. Therefore, in this paper We have investigated non-point pollutant in the rolling stock depot area and have studied adequate disposal method to minimize the effect of the non-point pollutant, hoping to supply the preliminary data for building an environment-friendly rolling stock depot.

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A Statistical Approach for the Determination of Location and Range of Fishing Grounds in the Coastal Vessel Fishery (통계학적 접근에 의한 연안어업의 조업어장 위치 및 범위결정 에 관한 연구)

  • Kang, Y.J.;Kim, K.S.;Yi, S.B.
    • The Journal of Fisheries Business Administration
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    • v.38 no.1 s.73
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    • pp.97-113
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    • 2007
  • This study attempts to suggest a new approach of the the determination of location and range of fishing ground in the coastal vessel fishery using the anaiysis of variance(ANOVA) and least significant difference test(LSD test) in statistics. The important result of the empirical study is that there is no significant difference in fisfishing ground based on between fishermen's argument and spot investigation. But there is stastitically significant difference in fisfishing ground based on between fishermen's argument and the official documents of fishing records for past three years. The results suggest us that there exists a possibility of misuse of tax free oil providied for subsidizing fisheries. But because of the range limitation of data, it is impossible for us to generalize the above results.

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A Study on Technological Trend and Advanced Models for Residential Gateway System (홈게이트웨이 기술동향 및 진화방안 연구)

  • Yoon, Choong-Mo;Kim, Jang-Ook;Kang, Jae-Kyung;Kim, Chul-Ju
    • Proceedings of the Korea Information Processing Society Conference
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    • 2001.10b
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    • pp.1469-1472
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    • 2001
  • 홈네트워크 구성요소는 크게 액세스망과 댁내망 그리고 이를 상호 접속하기 위한 홈게이트웨이로 구성된다. 이 중에서 홈게이트웨이는 홈네트워크를 구성하는 기본이 되는 장비로서 외부 네트워크를 액세스하고, 댁내의 네트워크로 신호를 분배하는 일을 수행한다. 동시에 LAN 인터페이스를 가지는 홈 라우터의 역할도 수행하여야 하며, 서비스 제공자가 전화, 인터넷 액세스, 보안 및 에너지 관리, 전자 상거래 등과 같은 서비스들을 댁내로 제공하는 기능을 수행한다. 본 논문은 한국통신의 학술용역 과제로서 연구가 진행중인 홈게이트웨이의 기술동향과 진화방안에 대해 소개한다. 본 논문에서는 홈게이트웨이의 표준화 동향과 유무선 기술을 조사하고, 장단점을 비교 분석하였다. 또한 이러한 분석을 바탕으로 하여 홈게에트웨이의 진화방안과 Advanced Model을 제시하였다.

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A case study to Regression Analysis using Artificial Neural Network (인공신경망을 이용한 회귀분석 사례 조사)

  • Kim, Jie-Hyun;Ree, Sang-Bok
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2010.04a
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    • pp.402-408
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    • 2010
  • Forecasting have qualitative and quantitative methods. Quantitative one analyze macro-economic factors such as the rate of exchange, oil price, interest rate and also predict the micro-economic factors such as sales and demands. Applying various statistical methods depends on the type of data. when data has seasonality and trend, Time Series analysis is proper but when it has casual relation, Regression analysis is good for this. Time Series and Regression can be used together. This study investigate artificial neural networks which is predictive technique for casual relation and try to compare the accuracy of forecasting between regression analysis and artificial neural network.

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A Study on the Cost State of the Stow Net Fisheries. (연안안강망어업의 원가실태에 관한 연구)

  • 박정호
    • The Journal of Fisheries Business Administration
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    • v.7 no.1
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    • pp.27-41
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    • 1976
  • The results analyzed of the actual state of the stow net fisheries based on the cost expended in 1975 areas follows; The total cost of this fisheries will be 1, 672, 238 won; the production cost, 1, 588, 060 won (95%) ; the material cost in proportion to total cost (100%)408, 480won (24.4%);the labour cost, 1, 006, 480 won (60.2%) ; the expenses, 173, 100won(10.4%)and the commission and the interest payment, 84, 178won(5%). As above the commission and the interest payment doesn't need to be paid much, but only production cost should be paid in case of small scale inshore fisheries. The cost per unit of caches (per Kg) becomes 12 won, the ratio cost of sales (83.4%), the ratio of profit, 16.%. According to the adove, in case of the powered vessel; it shows a tendency of spending too much expenses owing to excessive payment of oil. And in case of nonpowered vessels, it shows a tendency of spending less expenses but still get much gains, due to the fact that the commission and the interest payment are less, and none is paid for fuel procurement.

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