• Journal of the Korea institute for structural maintenance and inspection
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• v.17 no.4
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• pp.101-111
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• 2013

In this study, DEA (Data Envelopment Analysis) was carried out on the four bridges, which have the same extension (L=1,615m), in order to select the most superior, economical method of construction using the LCC concept of each bridge structure in the case of the Ulsan-Pohang double track railway which is scheduled to be constructed. DEA models were analyzed with the CCR model, which was designed for the evaluation of relative efficiency of each model. The initial construction costs, maintenance costs, indirect costs (user costs + indirect loss of social costs), and life cycle costs were used as input variables, and average duration was applied as the output variable. LCC was applied to calculate the input variables, and to get the costs of LCC, 100 years of period and 4.83% of real discount rate were applied, and the costs are classified into initial construction, maintenance, user, and indirect loss of social cost. The analysis results showed that the Method 2 and 3 were evaluated as the most efficient, and the other alternatives were evaluated as the following order; Method 1, the default, and Method 4.

• KDI Journal of Economic Policy
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• v.31 no.1
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• pp.169-206
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• 2009

This study stems from a question, "How should we understand the pattern of the Korean economy after the 1990s?" Among various analytic methods applicable, this study chooses a Structural Vector Autoregression (SVAR) with long-run restrictions, identifies diverse impacts that gave rise to the current status of the Korean economy, and differentiates relative contributions of those impacts. To that end, SVAR is applied to four economic models; Blanchard and Quah (1989)'s 2-variable model, its 3-variable extensions, and the two other New Keynesian type linear models modified from Stock and Watson (2002). Especially, the latter two models are devised to reflect the recent transitions in the determination of foreign exchange rate (from a fixed rate regime to a flexible rate one) as well as the monetary policy rule (from aggregate targeting to inflation targeting). When organizing the assumed results in the form of impulse response and forecasting error variance decomposition, two common denominators are found as follows. First, changes in the rate of economic growth are mainly attributable to the impact on productivity, and such trend has grown strong since the 2000s, which indicates that Korea's economic growth since the 2000s has been closely associated with its potential growth rate. Second, the magnitude or consistency of impact responses tends to have subsided since the 2000s. Given Korea's high dependence on trade, it is possible that low interest rates, low inflation, steady growth, and the economic emergence of China as a world player have helped secure capital and demand for export and import, which therefore might reduced the impact of each sector on overall economic status. Despite the fact that a diverse mixture of models and impacts has been used for analysis, always two common findings are observed in the result. Therefore, it can be concluded that the decreased rate of economic growth of Korea since 2000 appears to be on the same track as the decrease in Korea's potential growth rate. The contents of this paper are constructed as follows: The second section observes the recent trend of the economic development of Korea and related Korean articles, which might help in clearly defining the scope and analytic methodology of this study. The third section provides an analysis model to be used in this study, which is Structural VAR as mentioned above. Variables used, estimation equations, and identification conditions of impacts are explained. The fourth section reports estimation results derived by the previously introduced model, and the fifth section concludes.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.6
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• pp.218-226
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• 2020

An experimental study was conducted on baseline model updating and damage estimation techniques for the health monitoring of offshore wind turbine tripod substructures. First, a procedure for substructure health monitoring was proposed. An initial baseline model for a scaled model of a tripod substructure was established. A baseline model was updated based on the natural frequencies and the mode shapes measured in the healthy state. A training pattern was then generated using the updated baseline model, and the damage was estimated by inputting the modal parameters measured in the damaged state into the trained neural network. The baseline model could be updated reasonably using the effective fixity model. The damage tests were performed, and the damage locations could be estimated reasonably. In addition, the estimated damage severity also increased as the actual damage severity increased. On the other hand, when the damage severity was relatively small, the corresponding damage location was detected, but it was more difficult to identify than the other cases. Further studies on small damage estimation and stiffness reduction quantification will be needed before the presented method can be used effectively for the health monitoring of tripod substructures.

• Land and Housing Review
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• v.12 no.3
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• pp.11-26
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• 2021

With the increasing demand for office space, there have been questions on how office rent distribution produces a change in the urban spatial structure in Seoul. The purpose of this paper is to investigate a relative price gradient and to present a time-series model that can quantitatively explain the dynamic changes in the urban spatial structure. The analysis was dealt with office rent above 3,306 m² for the past 10 years from 1Q 2010 to 4Q 2019 within Seoul. A modified repeat sales model was employed. The main findings are briefly summarized as follows. First, according to the estimates of the office price gradient in the three major urban centers of Seoul, the CBD remained at a certain level with little change, while those in the GBD and the YBD continued to increase. This result reveals that the urban form of Seoul has shifted from monocentric to polycentric. This shows that the spatial distribution of companies has gradually accelerated decentralized concentration implying that the business networks have become significant. Second, contrary to small and medium-sized office buildings that have undertaken no change in the gradient, large office buildings have seen an increase in the gradient. The relative price gradients in small and medium-sized buildings were inversely proportional among the CBD, the GBD, and the YBD, implying their heterogeneous submarkets by office rent movements. Presumably, those differences in the submarkets were attributed to investment attraction, industrial competition, and the credit and preference of tenants. The findings are consistent with the hierarchical system identified in the Seoul 2030 Plan as well as the literature about Seoul's urban form. This research claims that the proposed method, based on the modified repeat sales model, is useful in understanding temporal dynamic changes. Moreover, the findings can provide implications for urban growth strategies under rapidly changing market conditions.

• Journal of Digital Convergence
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• v.11 no.3
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• pp.101-113
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• 2013

Although the methodological literature is replete with advice regarding the development and validation of multi-item scales based on reflective measures, the issue of index construction using formative measures has received little attention. The aim of this paper is to enhance researchers' understanding of formative measures of high-order factor and assist them in their index construction efforts. This article is also to provide some insights into the nature of formative indicators for researchers to reach an informed choice as to the appropriate high order formative measurement model for their needs. We first provide a brief background on formative indicators, drawing from the limited and fragmented literature on the topic. Next we give an example of constructing an index based on actual survey data and highlight the procedures used to assess its quality. We conclude the article with some thoughts about the use of indexes in empirical studies.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.6
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• pp.584-591
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• 2020

Reliability is an important factor in weapons systems. Low reliability causes the weapons system to fail to function properly, which directly leads to the weakening of combat capability. This paper classifies the structure of the 5.56 mm rifle, which is currently used by the Korean army, into a total of seven assemblies and describes the eight functions necessary for the rifle to operate normally. In addition, the concept of reliability was defined as the MRBF, and the Poisson process model and TTT plot were explained as a reliability analysis theory for the repair function system. Next, the field-data obtained by defining failure as the replacement of parts other than periodic exchange of parts were refined, and the reliability was analyzed by entering the refined field operation specifications into the Minitab program. As a result, the reliability of the rifle was determined to be 251.73. The assembly parts that required improvement was identified as the barrel, lower body, and butt stock assembly, and 10 detailed parts needed to be improved. Finally, the limits of the reliability analysis using the field-data currently available for small caliber firearms were considered.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.34 no.1
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• pp.19-25
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• 2022

Physical experiments were conducted to establish an empirical formula that predicts the wave force on the upside of the pavement behind crown wall of rubble mound seawall due to wave overtopping as well as the uplift force on the downside of the pavement. The experiments were performed by different conditions of the parapet, water depth, relative freeboard, and thickness of the armour layer. Then, the wave force on the upside and downside of the pavement behind the crown wall was analyzed. The parameters that affect the wave overtopping force and the uplift force were identified and empirical formulae were suggested for evaluating the forces on the pavement.

• The Korean Journal of Financial Management
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• v.25 no.3
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• pp.111-130
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• 2008

This paper compares long term equilibrium relation of KOSPI 200 which is underling stock and its futures by using general method fractional cointegration instead of existing integer cointegration. Existence of integer cointegration between two price time series gives much wider information about long term equilibrium relation. These details grasp long term equilibrium relation of two price time series as well as reverting velocity to equilibrium by observing difference coefficient of error term when it renounces from equilibrium relation. The result of this study reveals existence of long term equilibrium relation between KOSPI200 and futures which follow fractional cointegration. Difference coefficient, d, of 'two price time series error term' satisfies 0 < d < 1/2 beside bandwidth parameter, m(173). It means two price time series follow stationary long memory process. This also means impulse effects to balance price of two price time series decrease gently within hyperbolic rate decay. It indicates reverting speed of error term is very low when it bolts from equilibrium. It implies to market maker, who is willing to make excess return with arbitrage trading and hedging risk using underling stock, how invest strategy should be changed. It also insinuates that information transition between KOSPI 200 Index market and futures market does not working efficiently.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.25 no.1
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• pp.81-89
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• 2012

This study propose the vibration-based damage monitoring scheme for steel girder bolt-connection member by using wireless acceleration sensor node. In order to achieve the objective, the following approaches are implemented. Firstly, wireless acceleration sensor node is described on the design of hardware components and embedded operation software. Secondly, the vibration-based damage monitoring scheme of the steel girder bolt-connection member is described. The damage monitoring scheme performed global damage occurrence alarming and damage localization estimation by the acceleration response feature analysis. The global damage alarming is applied to the correlation coefficient of power spectral density. The damage localization estimation is applied to the frequency-based damage detection technique and the mode-shape-based damage detection technique. Finally, the performance of the vibration-based damage monitoring scheme is evaluated for detecting the bolt-connection member damage on a lab-scale steel girder.

• Journal of the Korean Regional Science Association
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• v.36 no.1
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• pp.51-67
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• 2020

The purpose of this study is to estimate the housing area per capita for verifying if the public Big Data, of the building ledger and resident registration ledger, can be used as well as the National Census and Housing Survey. The Mankiw and Weil (MW) model was constructed by extracting samples of general detached houses and flat houses from the public big data, and compared with the result from traditional survey method. Then, the MW models of 25 municipalities in Seoul was established. As a result, it can be confirmed that it is possible to establish MW models comparable to regular surveys using public big data, and to establish a model for each basic localities which was difficult to use as a regular survey method. Public Big Data has the advantage of expanding the knowledge frontier, but there are some limitations because it uses data generated for other original purposes. Also, the difficult process of accessing personal information is a burden to carry out analysis. It is expected that continuing research should be needed on how public Big Data would be processed to complement or replace traditional statistical surveys.