• Title/Summary/Keyword: oil cost

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A Stochastic Model for Optimizing Offshore Oil Production Under Uncertainty (불확실성하의 해양석유생산 최적화를 위한 추계적 모형)

  • Ku, Ji-Hye;Kim, Si-Hwa
    • Journal of Navigation and Port Research
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    • v.43 no.6
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    • pp.462-468
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    • 2019
  • Offshore oil production faces several difficulties caused by oil price decline and unexpected changes in the global petroleum logistics. This paper suggests a stochastic model for optimizing the offshore oil production under uncertainty. The proposed model incorporates robust optimization and restricted recourse framework, and uses the lower partial mean as the measure of variability of the recourse profit. Some computational experiments and results based on the proposed model using scenario-based data on the crude oil price and demand under uncertainty are examined and presented. This study would be meaningful in decision-making for the offshore oil production problem considering risks under uncertainty.

A Study on the Grinding Characteristics according to Oil Mist Supply Method (오일 미스트 분사 방법에 따른 연삭특성)

  • 허남환;이석우;최헌종
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2002.10a
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    • pp.254-257
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    • 2002
  • As the large Coolant amount used of a machine holds mass serious trouble recently, an environment pollution is increased, and a machine is conquering large specific gravity in an empty cost plane. It is the stage that must reexamine the parts washing that processing is later with this current way or a problem of a liquid waste treatment back. The environmental problems by using coolant demanded the new cooling methods. As one of them, the studies on the grinding with compressed cold air and oil mist have been done. The cooling method using compressed cold air was effective through going down the temperature of compressed air supplied below -$25^{\circ}C$ and increasing the amount of compressed cold air, but had not enough cooling effect due to the low performance of lubrication. Therefore, the cooling methods using oil mist newly were suggested. This method can satisfy both cooling effect and lubrication with only small amount of coolant, also have the benefit in the point of decreasing the environmental pollution. This paper focused on analyzing the grinding characteristics of the cooling method using oil mist. The grinding test according to compressed cold air and oil mist supply direction were done.

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Combustion Modeling of Vacuum Residue Fuel Sprays (잔사유 분무 연소 해석에 관한 연구)

  • Choi, Chan-Ho;Huh, Kang-Y.
    • 한국연소학회:학술대회논문집
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    • 2004.06a
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    • pp.207-214
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    • 2004
  • Extra heavy vacuum residue oil has advantage as the fuel of a power plant in reducing the cost of power generation. Numerical study is conducted by the KIVA code to understand combustion, heat transfer and flow field characteristics in the test reactor. The combustion model of pulverized coal particles is adopted as the combustion process of extra heavy oil is similar to that of coal. As an initial phase of investigation parametric study is performed with respect to SMD and spray angle of injected spray droplets.

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Risk-averse Inventory Model under Fluctuating Purchase Prices (구매가격 변동시 위험을 고려한 재고모형)

  • Yoo, Seuck-Cheun;Park, Chan-Kyoo;Jung, Uk
    • Journal of the Korean Operations Research and Management Science Society
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    • v.35 no.4
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    • pp.33-53
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    • 2010
  • When purchase prices of a raw material fluctuate over time, the total purchasing cost is mainly affected by reordering time. Existing researches focus on deciding the right time when the demand for each period is replenished at the lowest cost. However, the decision is based on expected future prices which usually turn out to include some error. This discrepancy between expected prices and actual prices deteriorates the performance of inventory models dealing with fluctuating purchase prices. In this paper, we propose a new inventory model which incorporates not only cost but also risk into making up a replenishment schedule to meet each period's demand. For each replenishment schedule, the risk is defined to be the variance of its total cost. By introducing the risk into the objective function, the variability of the total cost can be mitigated, and eventually more stable replenishment schedule will be obtained. According to experimental results from crude oil inventory management, the proposed model showed better performance over other models in respect of variability and cost.

The policy study on the power grid operation strategy of new and renewable energy combined generation system (도서지역의 신재생에너지복합발전 전력계통 운영방안에 관한 정책연구)

  • Kim, Eui Hwan
    • 한국신재생에너지학회:학술대회논문집
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    • 2011.05a
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    • pp.109.1-109.1
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    • 2011
  • KEPCO was operating power plants with diesel generators in 49 islands including Baekryeong-Do, and the generation capacity was about 66 MW in 2008. The cost of fuel is increasing by the international oil price inflation and continuous rise of oil price is predicted. For the stabilizing of electric power supply to the separate islands, renewable energy and fuel cell systems were considered. Hydrogen is made using renewable energy such as wind power and solar energy, and then a fuel cell system generates electricity with the stored hydrogen. Though the system efficiency is low, it is treated as the only way to secure the stable electric supply using renewable energy at this present. The analytic hierarchy process was used to select suitable candidate island for the system installation and 5 islands including Ulleung-Do were selected. Economic evaluation for the system composed of a kerosene generator, a wind power, an electrolysis, and a fuel cell system was conducted with levelized generation cost based on present value methode. As the result, the necessity of renewable energy combined generation system and micro grid composition in the candidated islands was confirmed. Henceforth, the development of an integration technology which connects micro grid to the total power grid will be needed.

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Effectiveness analysis about Readjustment of Fishery Permit (어업허가 일제정비제도 도입에 따른 효과분석)

  • Lee, Kwang-Nam;Jung, Jin-Ho
    • The Journal of Fisheries Business Administration
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    • v.42 no.2
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    • pp.97-112
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    • 2011
  • The coastal and offshore fishery to manage from a fishery permit system in our country at present seems to be a sign of lots problem, which are illegal fishing, a permit rent, non fishing vessel the purpose of vessel reduction, fishery compensation, tax exemption oil, the excessive occurrence of administrative cost due to differences during a period of a fishery permit. All the readjustment system for the permit has suggested an effective solution for a fishery permit management, the maintenance of a fishery order(the prevention of illegal fishery), the prevention of unused fishery, the entrance of new vessel in coastal fishery and it's system has prevent this problems in ahead. This paper has estimated an prevention convenience for an illegal spill of the tax exemption oil, actual effects of vessel reduction, the conservation of fishery resource for the future value and carried out an economic analysis to estimate compliance cost for the system introduction. Also, this study have analyzed throughly the coastal fishery situation and catched lots of issues on the management for the permit system. Especially, the problems improving the readjustment introduction for the permit have estimated the social and economic effects quantitatively and qualitatively with a calculated technique to classify various scenarios. This paper has judged correctly the term of validity for the permit to shorten as a result of the estimation and it will be to take the net convenience cost 1,655thousand million won. The results of this study have expect to provide a basic data to introduce the readjustment system for the permit.

Development of a Simulation Program to Predict the Performance of the Multi-grade Lubricant before Blending Base Oil with Additives (기유와 첨가제 혼합 전 다등급 윤활유의 성능 예측 시뮬레이션 프로그램 개발)

  • Chun, Sang-Myung
    • Tribology and Lubricants
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    • v.28 no.2
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    • pp.47-55
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    • 2012
  • Generally, to product multi-grade oil like engine oil, a sort of mineral base oil is mixed with a fundamental additive package liquid and a polymer liquid as viscosity index improver in order to improve the lubricating property of base oil. That is, engine oil is the mixture of more than two fluids. Specially, a polymeric type liquid cannot be seen as the linear viscosity like Newtonian fluids. In this research, by using the governing equation describing non-Newtonian hydrodynamic lubrication related with the mixture of incompressible fluids based on the principle of continuum mechanics, it will be compared the bearing performance between the mixture of each liquid to be blended and multi-grade engine oil as a single fluid in a high speed hydrodynamic journal bearing. Further, it is to be found the way estimating the performance of the blended multi-grade engine lubricant in a journal bearing in advance before blending by using the physical properties of mineral base oil, fundamental additive liquid and polymer liquid of viscosity index improver. So, it can be reduced the number of trial and error to get the wanted lubricant by selecting the proper volume fraction of each liquid to satisfy the expected performance and estimating in advance the performance of various multi-grade oils before blending. Therefore, it can be shorten the developing time and saved the developing cost.

Anesthetic Effect and Physiological Response in Olive Flounder (Paralichthys olivaceus) to Clove Oil in a Simulated Transport Experiment

  • Gil, Hyun Woo;Ko, Min Gyun;Lee, Tae Ho;Park, In-Seok;Kim, Dong Soo
    • Development and Reproduction
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    • v.20 no.3
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    • pp.255-266
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    • 2016
  • The optimum concentrations of clove oil as an anesthetic for olive flounder (Paralichthys olivaceus) and the stress response of the fish to clove oil anesthesia were determined over a range of water temperatures, and investigated in a simulated transport experiment using analysis of various water and physiological parameters. While the time for induction of anesthesia decreased significantly as both the concentration of clove oil and water temperature increased, the recovery time increased significantly (P<0.05). The plasma cortisol concentration in fish at each temperature increased significantly up to 12 h following exposure (P<0.05), then decreased to 48 h (P<0.05). The DO dissolved oxygen concentrations, pH values, and the fish respiratory frequencies decreased over 6 h following exposure to clove oil in all experimental groups (P<0.05), whereas the $NH_4{^+}$ and $CO_2$ concentrations in all experimental groups increased up to 6 h (P<0.05). The pH values and DO concentrations increased with increasing clove oil concentration (P<0.05) in the 6 h following exposure, and the $CO_2$ and $NH_4{^+}$ concentrations and the respiratory frequencies decreased with increasing clove oil concentration (P<0.05). The results of this experiment suggest that clove oil reduced the metabolic activity of olive flounder, thus reducing $NH_4{^+}$ excretion and $O_2$ consumption. In conclusion, clove oil appears to be a cost-effective and efficient anesthetic that is safe for use and non-toxic to the fish and users. Its use provides the potential for improved transportation of olive flounder.

A Study on the Variation of Physical & Chemical Properties with Refining Treatment and Additive Mixture for Marine Fuel Oil (선박연료유의 정제처리 및 첨가제 혼합에 따른 물리.화학적 특성 변화에 관한 연구)

  • Han, Won-Hui;Nam, Jeong-Gil;Lee, Don-Chool
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.13 no.1 s.28
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    • pp.39-45
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    • 2007
  • Recently it is a tendency that the heavy fuel oil is considered to be used on board even middle or small sized vessels in order to reduce the operating cost of vessel mused by a rise in international oil prices. In this study, analyzed the physical & chemical properties and examined the effect of refining treatment and a fuel oil additive for MF30 fuel oil which is a mixture fuel oil mixed M.G.O and the heavy oil MF380 use to be possible in the middle&small class vessel. As a results, the effects of two of pre-refinery treatment methods as centrifugal purifier and heating & homogenizing system(M.C.H) are some feeble, but the pour point and the flash point came to be low more or less. The effect of property improvement which is mused by the fuel oil additive did not appear positively.

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Estimation of Water Leak Rate in the Underground Oil Storage Cavern (지하 원유 저장공동에서의 누수량 산정에 대한 연구)

  • Shim, Hyun-Jin;Park, Tae-Jun;Jeong, Woo-Cheol;Kim, Ho-Yeong;Choi, Young-Tae
    • Tunnel and Underground Space
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    • v.20 no.4
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    • pp.233-240
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    • 2010
  • Double Plug is constructed for preventing mixing of two different oils between two compartments in the underground oil storage cavern. And the gas and oil tightness of double plug is tested from the measurement of water leakage from double plug after the completion of double plug water filling. If water leakage is underestimated, it can increase construction cost and if water leakage is overestimated, it can increase operating cost. Therefore, optimum water leakage should be estimated to cut down the cost. In this study, hydraulic stability analysis was conducted to consider permeable properties of rock mass around double plugs and a water leak rate from double plug was estimated from the hydraulic stability analysis and case study. Finally, the reliability of estimation of water leak rate was proven by comparing estimated water leak rate with measured data.