• KSCE Journal of Civil and Environmental Engineering Research
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• v.36 no.6
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• pp.955-967
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• 2016

As transportation systems for connecting lands and islands, oversea long-span bridges, underwater tunnels, and immersed tunnels have been mainly used so far. Submerged floating tunnels (SFTs) moored under specific water depth are one of the newest oversea transportation system. Compared to other existing systems, the new system requires relatively less construction cost and time. But, there is still no construction example. For reasonable design of the tunnel and mooring lines the rational structural analysis should be firstly performed. Unlike common transportation structures, the submerged tunnels are mainly affected by the wave, vary irregular excitation component. So, the analysis scheme might be difficult because of the characteristics of the submerged structures. This study aims to suggest the rational global performance analysis methodology for the submerged tunnels. Using ABAQUS the dynamic response of the experimental models studied by KIOST (2013) was investigated considering regular waves. By comparing the simulation results with the experimental results, the feasibility of the numerical simulation was verified. Using the suggested method, the effects of initial inclination of the tethers and draft of the tunnel on the dynamic behavior were studied. In addition, dynamic response of a SFT under the irregular wave was examined.

• Journal of the Earthquake Engineering Society of Korea
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• v.19 no.2
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• pp.63-74
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• 2015

This study investigated the influence of probabilistic variability in stiffness and nonlinearity of soil on response of nuclear power plant (NPP) structure subjected to seismic loads considering the soil-structure interaction (SSI). Both deterministic and probabilistic methods have been employed to evaluate the dynamic responses of the structure. For the deterministic method, $SRP_{min}$ method given in USNRC SRP 3.7.2(2013) (envelope of responses using three shear modulus profiles of lower bound($G_{LB}$), best estimate($G_{BE}$) and upper bound($G_{UB}$)) and $SRP_{max}$ method (envelope of responses by more than three ground profiles within range of $G_{LB}{\leq}G{\leq}G_{UB}$) have been considered. The probabilistic method uses the Latin Hypercube Sampling (LHS) that can capture probabilistic feature of soil stiffness defined by the median and the standard deviation. These analysis results indicated that 1) number of samples shall be larger than 60 to apply the probabilistic approach in SSI analysis and 2) in-structure response spectra using equivalent linear soil profiles considering the nonlinear behavior of soil medium can be larger than those based on low-strain soil profiles.

• Journal of the Korean Recycled Construction Resources Institute
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• v.5 no.3
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• pp.239-246
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• 2017

RC(Reinforced Concrete) structures can keep their performance during intended service life through initial service life and extension of the life through repairs. In the deterministic repairing method, cost and the related $CO_2$ emission increase with step-shaped escalation, however continuous results can be obtained through probabilistic repairing technique, and this is capable of reducing $CO_2$ emission through $CO_2$ absorption. In the work, repairing timing and $CO_2$ emission/absorption are evaluated based on the different methods like deterministic and probabilistic manner. The probabilistic technique considering $CO_2$ absorption with carbonation progress is evaluated to be very effective to reduction of $CO_2$ emission through extension of initial and additional service life due to repairs. When the variations of the service life from initial construction and repair material can be determined, the proposed technique can contribute to reduction of cost and $CO_2$ with decreasing repairing number.

• Journal of the Korean Recycled Construction Resources Institute
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• v.6 no.3
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• pp.153-159
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• 2018

Many researches have been carried out on carbonation, a representative deterioration in underground structure. The carbonation of RC (Reinforced Concrete) structure can cause steel corrosion through pH drop in concrete pore water. However extension of service life in RC structures can be obtained through simple surface protection. Unlike the conventional deterministic maintenance technique, probabilistic technique can consider a variation of service life but it deals with only normal distributions. In the work, life time-probability distributions considering not only normal but also log distributions are induced, and repair cost estimation technique is proposed based on the induced model. The proposed technique can evaluate the repair cost through probabilistic manner regardless of normal or log distribution from initial service life and extended service life with repair. When the extended service life through repair has log distribution, repair cost is effectively reduced. The more reasonable maintenance strategy can be set up though actual determination of life-probability distribution based on long term tests and field investigations.

• Journal of the Korea institute for structural maintenance and inspection
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• v.25 no.6
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• pp.218-225
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• 2021

The purpose of this study is to present a rational analytical method for predicting the behavioral characteristics from crack occurrence to fracture for a one-way CFRP grid reinforced concrete slab specimen. A total of four specimens were selected by Zhang et al.(2004) as the main experimental variables for CFRP grid amount, material properties and loading method. Analysis was performed through the Nonlinear Finite Element analysis program(RCAHEST), which applied the newly modified constitutive relational equations by the author. The mean and coefficient of variation for maximum moment from the experiment and analysis results was predicted 1.38 and 7 %. The mean and coefficient of variation for displacement corresponding maximum moment from the experiment and analysis results was predicted 1.41and 9.8 %. The prediction results for the behavioral characteristics from crack occurrence to fracture were verified and evaluated. It is judged that additional research is needed to secure various experimental results and to develop a more reliable analytical method.

• Journal of Korea Port Economic Association
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• v.38 no.2
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• pp.153-164
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• 2022

In this study, we estimate the quantile-regression framework of the shipping industry for the Capesize used ship, which is a typical raw material transportation from January 2000 to December 2021. This research aims two main contributions. First, we analyze the relationship between the Capesize used ship, which is a typical type in the raw material transportation market, and the freight market, for which mixed empirical analysis results are presented. Second, we present an empirical analysis model that considers the structural transformation proposed in the Hyunsok Kim and Myung-hee Chang(2020a) study in quantile-regression. In structural change investigations, the empirical results confirm that the quantile model is able to overcome the problems caused by non-stationarity in time series analysis. Then, the long-run relationship of the co-integration framework divided into long and short-run effects of exogenous variables, and this is extended to a prediction model subdivided by quantile. The results are the basis for extending the analysis based on the shipping theory to artificial intelligence and machine learning approaches.

• Korean Journal of Legislative Studies
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• v.15 no.2
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• pp.131-158
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• 2009

20 years has passed since June democratization movement of 1987 that made the representative system worked democratically on the basis of free election politics. So far, democratic movement bloc has been elected to government power at least two times. Conservative bloc of old ruling forces made a peaceful re-turn-over and grasped the government power. It looks that electoral democracy has been working very well. But people's distrust in Korean politics is not decreasing. Recently, crisis of representation is discussed. Korean representative system faces the dual tasks. One originates from the delay of institutional reform, another from the change of political circumstances. This paper diagnose the Korean representative democracy of today, focusing on those dual tasks. Especially, it is proposed to reform the present Korean presidentialism of winner-takes-all power structure. It is also to resolve the problem of Korean parliamentary politics deeply depending on the presidency.

• International Area Studies Review
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• v.16 no.3
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• pp.119-134
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• 2012

This paper examines the shift to service economy in the developed countries including Korea and analyzes whether Baumol's cost disease hypothesis could explain the labor productivity growth in the developed countries even though the share of service industry is rising rapidly. We have found the following results: First, the shift to service economy is widely observed in the developed countries. Second, the productivity gap between manufacturing and service industry is widening as a result of stagnant productivity growth in service industry. Third, however, the productivity in the whole economy is still growing because of the large productivity differences among the sub-industries in service industry. Fourth, we have found that the productivities of some service industries, such as finance, communication, business service, etc., are almost same or larger than the productivity of manufacturing industry. From this fact it is likely that the productivity of the whole economy could grow in spite of the stagnant productivity growth in service industry.

• The Korean Journal of Financial Management
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• v.25 no.2
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• pp.69-101
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• 2008

We empirically investigate the option leverage property that should be priced under much more general conditions than the Black-Scholes assumptions and the option redundancy property that is based on the assumption that the underlying asset price follows a one-dimensional diffusion process and examine the systematic risk factors implied in the return dynamics of KOSPI 200 index options. We find that the option leverage pattern is similar to the theoretical result but the options are not redundant securities and in the nonlinear structure of option payoffs, the traders of KOSPI 200 index options price the systematic higher-moments and the negative volatility risk premium significantly affects delta-hedged gains, even after accounting for jump fears. But the empirical evidence on jump risk preference is less conclusive.

• KDI Journal of Economic Policy
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• v.19 no.1
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• pp.51-104
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• 1997

최근의 고금리논쟁과 자본시장개방에 대응한 정책방안을 둘러싼 많은 논의의 핵심은 우리나라의 제반 거시경제여건을 반영하는 장기적 의미에서의 균형금리수준이 어느 정도인가에 대한 것이다. 장기적인 관점에서 볼 때 한 나라의 금리수준은 그 나라의 거시경제여건을 반영하는 균형금리의 추세를 반영하기 마련이며, 이러한 균형금리수준을 왜곡하는 정책 및 규제는 경제의 불안정성을 야기할 뿐, 민간부문의 규제회피노력 등으로 결국은 무력화될 소지가 높기 때문이다. 본 연구의 목적은 우리나라 금리변동의 요인 및 특성에 대해 세밀히 살펴보고, 국내외 실질금리격차의 실증분석을 통하여 그 구조적 원인을 파악하여 보며, OECD 국제비교분석을 통하여 현재 우리나라의 균형금리수준을 가늠하여 봄으로써, 향후 본격적인 자본시장개방에 대응한 통화금융정책의 모색에 하나의 지표를 제시하여 보려는데 있다. 본고의 연구분석결과에 의하면 우리나라의 명목금리는 실질경제성장률 외에도 기대인플레이션 및 경상수지적자와 밀접한 관계가 있으며, 해외금리 및 예상환율절하율도 점차 주요한 금리의 설명변수로서 나타나고 있다. 엄밀한 의미에서의 피셔효과는 기각되나 기대인플레이션이 명목 및 실질금리의 가장 주요한 변동요인으로 나타나 물가안정을 통한 인플레이션 기대심리의 불식이 향후 금리안정의 관건으로 분석되었다. 특히 통화공급의 유동성효과는 단기적으로만 나타나며 장기적으로는 오히려 금리상승을 유발하는 것으로 나타나 금리안정을 위해서는 안정적인 통화관리가 중요한 것으로 분석되었다. OECD 국제비교분석을 통하여 추정해 본 결과 우리나라의 1997년 균형금리수준은 회사채수익률 기준 약 11%대로 나타나 소폭의 금리하락 가능성이 있으나 지속적인 경상수지의 불균형 등 금리하락여건은 여의치 않은 것으로 보인다. 이미 자본시장개방이 진전된 OECD 국가들의 실증분석에서도 나타나듯이 금리의 하향안정화는 거시경제의 안정과 금융의 효율성 제고가 동시에 이루어져야만 가능한 것이다. 그러므로 향후 금리정책은 금리의 가격기능을 조속히 회복시켜 자원배분의 효율성을 극대화할 수 있는 시장메커니즘을 활성화하는 방향으로 추진되어야 할 것이다.