• Journal of Korea Port Economic Association
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• v.39 no.1
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• pp.149-172
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• 2023

In the Northeast Asian region, including Korea, China, and Japan, with rapid economic growth since the 1990s, intra-regional oil logistics has been increasing. Under such external circumstances, Korea has been pursuing a policy to become a Northeast Asian petroleum logistics hub since the mid-2000s. In order to become a Northeast Asian logistics hub, it is important to establish and promote a business model to promote the value-added oil logistics business. This study aims to propose policies and practical implications for increasing petroleum logistics by analyzing Korea's petroleum logistics business model in Northeast Asia. The results of case analysis through interviews with 23 tank terminal companies are as follows. First, most of the oil storage tank terminal companies interviewed are conducting value-added petroleum logistics such as blending, breaking bulk, and consolidation etc. Second, value-added petroleum logistics is caused by an imbalance in supply and demand among neighboring countries in Northeast Asia. In particular, there is a high demand for breaking bulk and blending connecting Japan, Oceania, the United States, and South America. Third, it is necessary to promote the promotion of value-added logistics by improving infrastructure, institutions, and regulations in response to the demand for value-added petroleum logistics, which will greatly contribute to Korea's policy for being Northeast Asian oil hub.

• Journal of the Economic Geographical Society of Korea
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• v.5 no.1
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• pp.5-24
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• 2002

The purpose of this study is to analyze the distribution structure and the logistics system of light petroleum products from the spatial perspectives. The consumption structure of petroleum products has been changed since the mid 1980s. The growth rate of consumption for light products has been much faster than those of heavy products. The distribution structure of the petroleum products is hierarchically established by refining companies, agencies, and gas stations. The petroleum products agencies are distributed unevenly over the country, and the number of gas stations per one petroleum agency are very differentiated by the region. The light products are directly transported from refining factories to oil storages and then are carried to gas stations. According to the locational characteristics, oil storages which play a key role in the logistics system are categorized into three type. The first type is demand-oriented oil storages which are located near or in the large cities to supply the light petroleum products. The second type is harbors-oriented oil storages which are located within harbors. The third type is railway-oriented oil storages which are located along railway stations. In this study, the thresholds of one oil storage and one gas station are calculated based on the size of supply territory for each oil storage. The average number of population demand that allow a oil storage to stay in business is 1.9 million and average number of cars are 477,200.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2015.10a
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• pp.253-255
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• 2015

Crude oil is the world's most actively traded commodity and also one of the most significant resources in the world. The impact of oil price volatility has great influences on macroeconomic activities. This presentation is to review and analyze the oil price fluctuation and to examine the effects especially on the offshore oil production and thereafter to look over the challenges and opportunities in this sector focusing on the petroleum logistics.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.40
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• pp.33-63
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• 2008

This study introduces the adoption of the logistics industry by the Korean government as a threshold of overcoming economic difficulties. The core contents of the National Logistics Plans (2001-2020) which contain the basic principles of the logistics policies of the Korean government and its aim to be an 'Excellent Nation of Logistics' is introduced. The economic effect of the logistics policies implemented between 2001 and 2005, (the period of the first Medium-term Logistics Plan according to the National Logistics Plans (2001-2020) set up by the Korean government at the end of 2000) is estimated through input-output analysis. The input-output analysis result is as follows: the total output effect is 8,856 billion won of which indirect output effect is 3,982.9 billion won; indirect output effect comes mainly from real estate and business services, non-metal products, metal products, electrical and electronics products, finance and insurance, wholesale and retail, petroleum and coal; the total amount of value-added effect is 3,376 billion won and total import effect is 726 billion won. Employment effect including self-employed and unpaid family supporters with paid laborers is 79,203.7 people of which paid laborers comprise 67,547.7 people.

• Journal of Korean Society of Transportation
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• v.11 no.3
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• pp.49-66
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• 1993

The successful management of logistics in an organization requires the careful coordination and manipulation of both movement and storage. In this study, we can show what is the most efficient and the cheapest method to transport the petroleum products under a few constraints with the model of linear programming. And also, the model can give some important informations so as what is the best coverages of each terminals by types, how many products should be exchanged among each companies and which terminals or complexes are economically prior to the others. Even we can understand that the duality is one of the useful measures to evaluate the economical efficiencies of transportation and storage related elements such as complex and terminal location, transport mode, storage tankage capacity and in/outflow facilities of terminals etc.

• Journal of Distribution Science
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• v.20 no.7
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• pp.57-64
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• 2022

Purpose: The government of India has initiated the Covid-19 Vaccination drive from early January 2021. Vaccination is identified to be best option to protect the people across the globe. However, owing to fast wide spread of the Covid-19, the Vaccine Distribution is a major challenge owing various issues like temperature control, infrastructure, hesitancy, geographical diversity, and other critical factors. Various research is carried out globally to understand and study the Vaccine Distribution issues based on the respective country issues and factors. Research Design, Data, and Methodology: This research paper attempts to explore prominent factors that could be taken up on priority for better and effective vaccination program. The study tries to rank various factors and sub-factors affecting vaccine distribution in India. AHP methodology based on feedback from 22 experts from the Vaccine industry has been deployed to get the desired results. Result: The results show that factors vaccine approval process, geographical prioritization, power supply, infrastructure maintenance costs for vaccine storage, and vaccine pricing are the prominent factors of effective vaccination in the country. Conclusion: The role and need for district-level health officers towards vaccine storage has been brought forward. A long-term effective vaccination policy is needed for optimum vaccine distribution.

• Nonlinear Functional Analysis and Applications
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• v.28 no.4
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• pp.1051-1067
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• 2023

In this paper, an algorithm for approximating zeros of sum of three monotone operators is introduced and its convergence properties are studied in the setting of 2-uniformly convex and uniformly smooth Banach spaces. Unlike the existing algorithms whose step-sizes usually depend on the knowledge of the operator norm or Lipschitz constant, a nice feature of the proposed algorithm is the fact that it requires only a diminishing and non-summable step-size to obtain strong convergence of the iterates to a solution of the problem. Finally, the proposed algorithm is implemented in the setting of a classical Banach space to support the theory established.

• International Commerce and Information Review
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• v.14 no.3
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• pp.209-227
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• 2012

Northeast Asia where is an epicenter of the global financial crisis's conquest is traditional imbalanced region of oil production and consumption. In recent years, the region has been suffered by the shortage of oil storage and transportation facilities due to surging oil trading and necessity in strategic reserves. Therefore, since independent petroleum logistics with the storage facilities and oil trading hub is required to form efficient oil market in this region. In this study, we analyzed the efficiency of refinery facilities by country that is of importance in being a logistics hub in Northeast Asia by employing non-static and dynamic efficiency analysis, which are a part of DEA(Data Envelopment Analysis) and then policy implications have been drawn. The result illustrates Korea's is the highest country in terms of efficiency of oil refining facilities in Northeast Asia. It implies that Korea has strong position to be the oil hub in Northeast Asia.

• Journal of Navigation and Port Research
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• v.43 no.6
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• pp.469-474
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• 2019

One of the world's major resources is crude oil, the most fundamental part of the industry. There is no place that does not use crude oil. Petroleum refining products and chemical production industrial products are produced through nearby petrochemical complexes and ports after importing crude oil. There would be a possible relationship among the petrochemical complexes and nearby regional ports working with liquid cargoes. To confirm these relations, Ulsan Port, Daesan Port, and Yeosu Gwangyang Port were selected for this study. A Vector Auto Regressive model using time series data was applied. A Unit Root Test was performed. The relationship was confirmed through the Granger and Toda Yamamoto Causality Test.

• Safety and Health at Work
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• v.11 no.4
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• pp.537-542
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• 2020

Background: Personal protective equipment (PPE) has been designed in such a way to reduce accident rates. Unfortunately, existing PPE is rather ineffective as it is not able to provide warning signals when hazard is around. The integration of intelligent systems is envisaged to increase the efficiency of existing PPE. Methods: This project designed a safety vest incorporated with metal detectors which can provide immediate warning to the field workers when there is metal hazard around. This product has greater freedom of design via smart manufacturing as it involves the assembly of few commercially available parts into a single entity. Briefly, the metal detector is a do it yourself (DIY) kit, and the safety vest is purchasable from any local market. The DIY kit was connected to a copper coil and being sewed into the safety vest. Results: The metal detector induces beeping sound when there is metal hazard around. A total of 121 engineering students were introduced to the prototype before being requested to answer a survey associated with the design. Respondents have rated >3.00/5.00 for the design simplicity, ease of usage, and light weight. Meanwhile, respondents suggested that the design should be further improved by increasing the metal detection range. Conclusion: It is envisaged that the introduction of this smart safety vest will allow the workers to carry out their duties securely by reducing the accident rates. Particularly, such design is expected to reduce workplace accident especially during night time at construction sites where the visibility is low.