Managing Energy Sources

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Title: Managing Energy Sources
Subject: Management
Type of Paper: Assignment
Words: 1151
Introduction
For this assignment, I have selected organisation named Yundai Forging. Hyundai is a Korean
based manufacturer, specializing in the supply of heavy equipment and auto parts. The product
portfolio of the organization consists of groups of tracks for excavators and tractors, groups of
trees as rollers, gaskets, collars and caps, crankshafts and connecting rods, gears, teeth and
segments, as well as parts of the forge. The property has two manufacturing plants in South
Korea, a manufacturing plant in Malaysia, and a manufacturing plant in India. The organization
employs 2,250 people (Song, 2007).
The system
Green economy strategy should seek to improve access to energy services for low-income
residents, 29 and conscience, and try to take advantage of the "energy, the fact that the benefits
to some extent, already been delivered the Republic of Korea, the human being, as measured by
the human Development Index, with a small increase in this model to increase energy use.30
advantage of green economy strategy South Korean residents should focus on low income to
increase the availability of energy services, and strive to improve ' overall efficiency of energy
consumption at the same time, so the internal energy consumption has remained stable in general
also decrease. Thus, the benefits of a green economy can be shared by all (Jang, 2006).
Background information and rationale for selection
Green Growth Strategy of Korea, currently in development, including the Millennium awesome
projects, but in his heart, focuses on economic growth and industrial competitiveness rather than
the "green” economy and the Korean national company with an actual program. Therefore, the
current policy of green is existing Korean industries are including industries such as nuclear
energy and construction. Therefore, the Korean economy green energy security and warranty is
limited to the economic growth of the city in the current political regime in South Korea, or
resign or be reborn as a means actual social security system environment. To do this, more
autonomy, and perhaps more resources should be provided to civil society, the best way to start
everyday Korean greening the city level (Son, 2010).
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Direct subsidies and higher initial investment costs financed by the government have been
widely used to pay for renewable energy technologies. For example, the program of the local
energy significantly using the equipment installed contribution of renewable energy sources.
Under this scheme, the central government (Ministry ) to provide grants to local governments for
effective implementation of the use of renewable sources such as photovoltaic solar power, wind
and other energy devices of this program consists of two sub - projects: the construction of
infrastructure, such as the establishment of local energy planning, feasibility studies of renewable
energy in the area of enormous potential to improve public awareness of energy efficiency,
completely covering 100% of the cost of the project and pilot projects to invest in energy
efficient equipment, use of great potential in the renewable energy field, but 80 % of the cost of
the investment (Moreno, 2006).
• Forgery: This process is called the hand, Smith forged and hammered to be applied to all
ferrous and non-ferrous metals. Part of this process is:
• Closed Forge: This process is completely molten matrix into the cavity, and is applicable
to all forms of shaping of ferrous and nonferrous metals.
• Agenda: This process of remodelling and expansion of a rod, pipe, or a cross section of
other products, and applies to all forgings of ferrous and nonferrous metals (Son, 2010).
Energy monitoring programme
Song (2007) discussed the monitoring data of energy consumption, in order to establish the basis
for the management of energy and explain the differences in a set pattern. Its main objective is to
keep the model provides, as well as all the necessary data on energy consumption, some of the
drivers, a preliminary investigation (production, weather and other processes identified).
M & T is the basis for normal relationships to determine the factors related to the behaviour of
energy consumption ( throughputs production, weather, the availability of natural light, etc. ), a
leader in the company aims to help:
• Identify and explain the excessive use of energy
• Determine who consume fewer accidents are often those that have been so
• Draw consumption trends (weekly, seasonal, operating...)
• Determine future changes in planning the use of energy, the company
• Areas of specific waste energy diagnosis
• How to deal with changes