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  1. Article ; Online: Factors of Collaboration Affecting the Performance of Alternative Energy Patents in South Korea from 2010 to 2017

    Jong-Hyun Kim / Yong-Gil Lee

    Sustainability, Vol 13, Iss 10208, p

    2021  Volume 10208

    Abstract: In recent years, innovation of alternative energy technologies to manage climate change has become an important goal worldwide. South Korea has been focusing on the innovation of alternative energy technologies through its investments and innovation ... ...

    Abstract In recent years, innovation of alternative energy technologies to manage climate change has become an important goal worldwide. South Korea has been focusing on the innovation of alternative energy technologies through its investments and innovation systematic capabilities. This study quantitatively examines the effect of national innovation systems that are designed to improve the performance of innovation. To do so, this study analyzes the effects of financial support from the national research and development (R&D) project, and collaborations between institutions regarding the national innovation systems on patent performance based on citation count, which is a useful indicator of patent quality. Specifically, this study analyzes the effects of financial support from the national R&D project, as well as collaborations between universities, industries, and the government regarding patent performance using the patent data of South Korea. These data were used in congruence with a hurdle negative binomial model, using data from 2010 to 2017. Consequently, this study establishes that financial supports from national R&D project are generally inefficient. The relational aspects of the South Korean innovation systems are also generally inefficient, while collaborations between universities and industries contribute toward improving the performance of alternative energy patents.
    Keywords alternative energy ; technology ; patent citation ; collaboration ; innovation system ; Environmental effects of industries and plants ; TD194-195 ; Renewable energy sources ; TJ807-830 ; Environmental sciences ; GE1-350
    Subject code 001
    Language English
    Publishing date 2021-09-01T00:00:00Z
    Publisher MDPI AG
    Document type Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  2. Article ; Online: Progress of Technological Innovation of the United States’ Shale Petroleum Industry Based on Patent Data Association Rules

    Jong-Hyun Kim / Yong-Gil Lee

    Sustainability, Vol 12, Iss 6628, p

    2020  Volume 6628

    Abstract: This study analyzed the technological progress of the United States’ shale and tight petroleum (natural gas and crude oil) industry based on the association rules of its patents. According to the findings, although the production of shale oil and gas ... ...

    Abstract This study analyzed the technological progress of the United States’ shale and tight petroleum (natural gas and crude oil) industry based on the association rules of its patents. According to the findings, although the production of shale oil and gas began in 2007, evidence of increasing technological developments in this industry assessed by patent applications began to appear only in 2010. In addition, the results showed that two distinct technological domains developed in 2010. Moreover, frequently developed technology classification networks are likely to contribute to the growth of this industry.
    Keywords shale gas ; tight oil ; technological development ; patent analysis ; association rules ; Environmental effects of industries and plants ; TD194-195 ; Renewable energy sources ; TJ807-830 ; Environmental sciences ; GE1-350
    Language English
    Publishing date 2020-08-01T00:00:00Z
    Publisher MDPI AG
    Document type Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  3. Article ; Online: An Analysis of Decision Factors on the Price of South Korea’s Certified Emission Reductions in Use of Vector Error Correction Model

    Sumin Park / Yong-Gil Lee

    Sustainability, Vol 9, Iss 10, p

    2017  Volume 1768

    Abstract: This study analyzes factors affecting the price of South Korea’s Certified Emission Reduction (CER) using statistical methods. CER refers to the transaction price for the amount of carbon emitted. Analysis of results found a co-integration relationship ... ...

    Abstract This study analyzes factors affecting the price of South Korea’s Certified Emission Reduction (CER) using statistical methods. CER refers to the transaction price for the amount of carbon emitted. Analysis of results found a co-integration relationship among the price of South Korea’s CER, oil price (WTI), and South Korea’s maximum electric power demand, which means that there is a long-term relationship among the three variables. Based on this result, VECM (vector error correction model) analysis, impulse response function, and variance decomposition were performed. As the oil price (WTI) increases, the demand for gas in power generation in Korea declines while the demand for coal increases. This leads to increased greenhouse gas (GHG; e.g., CO2) emissions and increased price of South Korea’s CERs. In addition, rising oil prices (WTI) cause a decline in demand for oil products such as kerosene, which results in an increase in South Korea’s maximum power demand.
    Keywords South Korea’s CER price ; oil price (WTI) ; South Korea’s maximum power demand ; co-integration ; VECM (vector error correction model) ; impulse response function ; variance decomposition ; Environmental effects of industries and plants ; TD194-195 ; Renewable energy sources ; TJ807-830 ; Environmental sciences ; GE1-350
    Subject code 330
    Language English
    Publishing date 2017-09-01T00:00:00Z
    Publisher MDPI AG
    Document type Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  4. Article ; Online: Change of Data-Driven Drug Design Trends Through Patent Analysis

    Jong-Hyun Kim / Yong-Gil Lee

    Processes, Vol 7, Iss 8, p

    2019  Volume 492

    Abstract: The pharmaceutical industry is one of the most research and development (R&D)-intensive industries. This industry has tried many strategies to overcome the limitations of a business model that had a high return and high risk. In recent years, the fourth ... ...

    Abstract The pharmaceutical industry is one of the most research and development (R&D)-intensive industries. This industry has tried many strategies to overcome the limitations of a business model that had a high return and high risk. In recent years, the fourth industrial revolution has affected many industries, causing them to update their traditional production and business strategies to a “data science-based” approach. This data science methodology, based on the largely increased size of the data environment, has actively changed the pharmaceutical industry. Therefore, this study aimed to identify specific characteristics of data science innovation in the pharmaceutical industry through the analysis of patent data from the triadic patent databases from the United States, Japan, and Europe.
    Keywords data science ; fourth industrial revolution ; pharmaceutical ; R& ; D ; patent ; innovation ; technology ; Chemical technology ; TP1-1185 ; Chemistry ; QD1-999
    Subject code 330
    Language English
    Publishing date 2019-08-01T00:00:00Z
    Publisher MDPI AG
    Document type Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  5. Article ; Online: Learning Curve, Change in Industrial Environment, and Dynamics of Production Activities in Unconventional Energy Resources

    Jong-Hyun Kim / Yong-Gil Lee

    Sustainability, Vol 10, Iss 9, p

    2018  Volume 3322

    Abstract: Since 2007, shale oil and gas production in the United States has become a significant portion of the global fossil fuel market. The main cause for the increase in production of shale oil and gas in the US is the adoption of new production technologies, ... ...

    Abstract Since 2007, shale oil and gas production in the United States has become a significant portion of the global fossil fuel market. The main cause for the increase in production of shale oil and gas in the US is the adoption of new production technologies, namely, horizontal drilling and hydraulic fracturing. However, the production cost of shale oil and gas in the US is comparably higher than the production cost of conventional oil and gas. In 2014, the crude oil and natural gas price decreased significantly to approximately 40 dollars per barrel, and natural gas prices decreased to 3 dollars per million British thermal unit, and thus the productivity and financial conditions for the exploration and production of shale oil and natural gas for producers in the United States have worsened critically. Therefore, technological innovation has become one of the most interesting issues of the energy industry. The present study analyzes the trends in technological innovation having a relationship with production activities. This study calculates the learning rate of 30 companies from the petroleum exploration and production industry in the United States using an improved learning rate calculation formula that reflects the changes in the oil production ratio. Thus, more statistically confident calculation results and interpretations of strategic production activities with regard to changes in the industrial environment were achieved in this study.
    Keywords learning rate ; shale gas ; tight oil ; unconventional ; petroleum ; exploration and producing company ; upstream industry ; technological development ; Environmental effects of industries and plants ; TD194-195 ; Renewable energy sources ; TJ807-830 ; Environmental sciences ; GE1-350
    Subject code 660
    Language English
    Publishing date 2018-09-01T00:00:00Z
    Publisher MDPI AG
    Document type Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  6. Article ; Online: Analyzing the Learning Path of US Shale Players by Using the Learning Curve Method

    Jong-Hyun Kim / Yong-Gil Lee

    Sustainability, Vol 9, Iss 12, p

    2017  Volume 2232

    Abstract: The US shale exploration and production (E&P) industry has grown since 2007 due to the development of new techniques such as hydraulic fracturing and horizontal drilling. As a result, the share of shale gas in the US natural gas production is almost 50%, ...

    Abstract The US shale exploration and production (E&P) industry has grown since 2007 due to the development of new techniques such as hydraulic fracturing and horizontal drilling. As a result, the share of shale gas in the US natural gas production is almost 50%, and the share of tight oil in the US crude oil production is almost 52%. Even though oil and gas prices decreased sharply in 2014, the production amounts of shale gas and tight oil increased between 2014 and 2015. We show that many players in the US shale E&P industry succeeded in decreasing their production costs to maintain their business activity and production. However, most of the companies in the US petroleum E&P industry incurred losses in 2015 and 2016. Furthermore, crude oil and natural gas prices could not rebound to their 2015 price levels. Therefore, many companies in the US petroleum E&P industry need to increase their productivity to overcome the low commodity prices situation. Hence, to test the change in their productivity and analyze their ability to survive in the petroleum industry, this study calculates the learning rate using the US shale E&P players’ annual report data from 2008 to 2016. The result of the calculation is that the long-term learning rate is 1.87% and the short-term learning rate is 3.16%. This indicates a change in the technological development trend.
    Keywords learning rate ; US shale ; E& ; P industry ; shale gas ; tight oil ; productivity ; Environmental effects of industries and plants ; TD194-195 ; Renewable energy sources ; TJ807-830 ; Environmental sciences ; GE1-350
    Subject code 330 ; 660
    Language English
    Publishing date 2017-12-01T00:00:00Z
    Publisher MDPI AG
    Document type Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  7. Article ; Online: Financial Feasibility and Social Acceptance for Reducing Nuclear Power Plants

    JongRoul Woo / Sesil Lim / Yong-Gil Lee / Sung-Yoon Huh

    Sustainability, Vol 10, Iss 11, p

    A Contingent Valuation Study

    2018  Volume 3833

    Abstract: Social acceptance of nuclear power has become a decisive factor in framing a sustainable energy policy. This study examines social acceptance for cancelling the construction of planned nuclear power plants (NPPs) and replacing them with other energy ... ...

    Abstract Social acceptance of nuclear power has become a decisive factor in framing a sustainable energy policy. This study examines social acceptance for cancelling the construction of planned nuclear power plants (NPPs) and replacing them with other energy sources. The contingent valuation method (CVM) and cost⁻benefit analysis (CBA) are used to access the social acceptance and financial feasibility of such projects. Empirical analysis is based on the case of South Korea, where a similar policy is in progress under the new government. The CVM results show that a Korean household was willing to pay an additional KRW 1922.45/month (USD 1.80/month) for replacing seven 1-Gigawatt NPPs with other energy sources, which is about 3.5% of a household’s current electricity bill. The CBA suggests that the annual costs of replacing this amount of nuclear power capacity with renewables or liquefied natural gas is KRW 1291.40 billion (USD 1.21 billion) or KRW 1180.38 billion (USD 1.11 billion) larger than its benefits, which amounts to about 3% of total annual electricity generation costs in South Korea. As the additional costs of nuclear power replacement cannot be fully covered by the mean willingness-to-pay of the current acceptance level, moderate levels of social resistance are expected if all the additional costs are passed on to the end-users.
    Keywords social acceptance ; nuclear power ; renewable energy ; liquefied natural gas ; contingent valuation method ; willingness to pay ; Environmental effects of industries and plants ; TD194-195 ; Renewable energy sources ; TJ807-830 ; Environmental sciences ; GE1-350
    Subject code 690
    Language English
    Publishing date 2018-10-01T00:00:00Z
    Publisher MDPI AG
    Document type Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  8. Article: Productivity decomposition and economies of scale of Korean fossil-fuel power generation companies: 2001–2012

    Oh, Dong-hyun / Yong-Gil Lee

    Energy. 2016 Apr. 01, v. 100

    2016  

    Abstract: This paper examines TFP (total factor productivity) growth and economies of scale of Korean fossil-fuel power GENCOs (generation companies) between 2001 and 2012. For this empirical investigation, a panel data econometric approach was employed with ... ...

    Abstract This paper examines TFP (total factor productivity) growth and economies of scale of Korean fossil-fuel power GENCOs (generation companies) between 2001 and 2012. For this empirical investigation, a panel data econometric approach was employed with specification tests in order to obtain robust results. The findings indicate that an average growth rate of the TFP is 0.33 percent and that GENCOs enjoyed economies of scale for the study period. Based on these results, managerial and industrial implications are provided.
    Keywords business enterprises ; econometrics ; economies of scale ; fossil fuels ; power generation
    Language English
    Dates of publication 2016-0401
    Size p. 1-9.
    Publishing place Elsevier Ltd
    Document type Article
    ZDB-ID 2019804-8
    ISSN 0360-5442 ; 0360-5442
    ISSN (online) 0360-5442
    ISSN 0360-5442
    DOI 10.1016/j.energy.2016.01.004
    Database NAL-Catalogue (AGRICOLA)

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  9. Article: What do customers want from improved residential electricity services? Evidence from a choice experiment

    Huh, Sung-Yoon / Chang Seob Kim / JongRoul Woo / Sesil Lim / Yong-Gil Lee

    Energy Policy. 2015 Oct., v. 85

    2015  

    Abstract: Improvements in customer satisfaction as well as product/service quality represent a common objective of all businesses, and electricity services are no exception. Using choice experiments and a mixed logit model, this study quantitatively analyzes ... ...

    Abstract Improvements in customer satisfaction as well as product/service quality represent a common objective of all businesses, and electricity services are no exception. Using choice experiments and a mixed logit model, this study quantitatively analyzes customers' preferences and their marginal willingness to pay for improved residential electricity services. The study provides an ex ante evaluation of customers' acceptance of hypothetical electricity services. According to the results, customers consider the electricity bill and the electricity mix as the two most important attributes when choosing their electricity services. Customers are willing to pay 2.2% more in the average electricity bill (an additional monthly electricity bill of KRW 1,064; USD 0.96) for a significant increase in the share of renewable energy, which is far less than the actual cost of achieving this renewable target. Therefore, it is better to maintain the current electricity mix in principle, and the renewable share should be gradually expanded instead of making a sudden change in the electricity mix. In addition, customers are willing to pay KRW 6,793 (USD 6.15) more to reduce blackouts once in a year and KRW 64/year (USD 0.06/year) to reduce a minute of each blackout.
    Keywords business enterprises ; consumer satisfaction ; consumers (people) ; electricity ; ex ante analysis ; logit analysis ; renewable energy sources ; willingness to pay
    Language English
    Dates of publication 2015-10
    Size p. 410-420.
    Publishing place Elsevier Ltd
    Document type Article
    ISSN 0301-4215
    DOI 10.1016/j.enpol.2015.04.029
    Database NAL-Catalogue (AGRICOLA)

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