• Title/Summary/Keyword: Aggregate Stability

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Redefining Liquidity for Monetary Policy

  • Kim, Kyunghun;Lee, Il Houng;Shim, Won
    • East Asian Economic Review
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    • v.22 no.3
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    • pp.307-336
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    • 2018
  • This paper proposes a monetary aggregate "Liquidity" that could serve as a useful indicator for gauging the appropriateness of monetary policy. If liquidity rises above a certain threshold, it is signaling that monetary policy is losing traction due to structural and other impediments even when the inflation gap remains open. This indicator supplements the financial cycle approach but adds value by providing a benchmark that is derived from the national account, and not based on its own trend. Over the last two decades, each time this measure rose above the threshold range, it was followed by a decline in GDP growth. The latter was greater when accompanied by a high physical asset value to GDP, e.g., an elevated property market.

A Study on Demanding forecasting Model of a Cadastral Surveying Operation by analyzing its primary factors (지적측량업무 영향요인 분석을 통한 수요예측모형 연구)

  • Song, Myeong-Suk
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2007.11a
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    • pp.477-481
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    • 2007
  • The purpose of this study is to provide the ideal forecasting model of cadastral survey work load through the Economeatric Analysis of Time Series, Granger Causality and VAR Model Analysis, it suggested the forecasting reference materials for the total amount of cadastral survey general work load. The main result is that the derive of the environment variables which affect cadastral survey general work load and the outcome of VAR(vector auto regression) analysis materials(impulse response function and forecast error variance decomposition analysis materials), which explain the change of general work load depending on altering the environment variables. And also, For confirming the stability of time series data, we took a unit root test, ADF(Augmented Dickey-Fuller) analysis and the time series model analysis derives the best cadastral forecasting model regarding on general cadastral survey work load. And also, it showed up the various standards that are applied the statistical method of econometric analysis so it enhanced the prior aggregate system of cadastral survey work load forecasting.

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A Study on Combustion Characteristics of Turbulent Spray Flame by the Dual Swirler (2중스월류에 의한 난류분무화염의 연소특성 연구)

  • Lee, Kang-Yeop;Hwang, Sang-Soon
    • 한국연소학회:학술대회논문집
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    • 2000.05a
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    • pp.105-116
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    • 2000
  • An Experimental study was conducted on spray combustion using dual swirlers at different outlet angle; co-swirl and counter-swirl. To understand the characteristics of turbulent spray combustion of dual swril flow(DSF), the axial helical annular vaned swirlers with various swirl ratios and combination of angle and direction were designed. and temperature measurements of a rapidly thermocouple insertion and measurements of soot volume fraction and microrstructure using thermophoretic sampling particle diagnostic(TSPD) as TEM were carried out. The NOx, $CO_2$,$O_2$, etc. was analyzed using emission gas analyzer. The results show that flame stability were maintained under very lean condition. for both co-swirl and counter-swirl case. And though Counter-swirl case kept the higher temperature region compared to co-swirl case, Counter-swirl combustion represented less NOx emission and soot formation than co-swirl case.

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Performance Estimation of Small Regenerative Radiant Tube Burner System using High Velocity Discharge (고속분사를 이용한 소형 축열식 복사관 버너시스템의 성능평가)

  • Cho, Han-Chang;Cho, Kil-Won;Lee, Yong-Kuk
    • 한국연소학회:학술대회논문집
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    • 2004.06a
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    • pp.242-247
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    • 2004
  • An Experimental study was conducted on spray combustion using dual swirlers at different outlet angle; co-swirl and counter-swirl. To understand the characteristics of turbulent spray combustion of dual swirl flow (DSF), the axial helical annular vaned swirlers with various swirl ratios and combination of angle and direction were designed. and temperature measurements of a rapidly thermocouple insertion and measurements of soot volume fraction and microrstructure using thermophoretic sampling particle diagnostic (TSPD) as TEM were carried out. The NOx, $CO_2$, $O_2$, etc. was analyzed using emission gas analyzer. The results show that flame stability were maintained under very lean condition. for both co-swirl and counter-swirl case. And though Counter-swirl case kept the higher temperature region compared to co-swirl case, Counter-swirl combustion represented less NOx emission and soot formation than co-swirl case.

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A study on application of aggregation method based on power flow matching technique and multi-variable control method to the power system (선로 조류 유지 기법에 근거한 계통축약 및 다변수 제어기법 적용 연구)

  • Lee, Byung-Ha;Oh, Min-Hyuk;Baek, Jung-Myoung
    • Proceedings of the KIEE Conference
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    • 2006.11a
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    • pp.342-344
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    • 2006
  • The modem enormous electric power system has made power system analysis much more complex and difficult. For effective analysis of the power system, model reduction and aggregation is required. In this paper, a new aggregation method is presented to aggregate the coherent generators in the large scale power system while matching the power flow. In order to demonstrate the effects of this aggregation method, it is applied to a small scale power system. A multi-variable control technique of $H_{\infty}$ control is also applied to enhance the dynamic stability of the aggregated power system.

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A Study on Combustion Characteristics of Turbulent Spray Flame by the Dual Swirler (2중스월류에 의한 난류분무화염의 연소특성 연구)

  • Lee, Kang-Yeop;Hwang, Sang-Soon
    • Journal of the Korean Society of Combustion
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    • v.5 no.1
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    • pp.67-79
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    • 2000
  • An Experimental study was conducted on spray combustion using dual swirlers at different outlet angle; co-swirl and counter-swirl. To understand the characteristics of turbulent spray combustion of dual swril flow(DSF), the axial helical annular vaned swirlers with various swirl ratios and combination of angle and direction were designed. and temperature measurements of a rapidly thermocouple insertion and measurements of soot volume fraction and microstructure using thermophoretic sampling particle diagnostic(TSPD) as TEM were carried out. The NOx, $CO_2,\;O_2$, etc. was analyzed using emission gas analyzer. The results show that flame stability were maintained under very lean condition. for both co-swirl and counter-swirl case. And though Counter-swirl case kept the higher temperature region compared to co-swirl case, Counter-swirl combustion represented less NOx emission and soot formation than co-swirl case.

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Mix Design for Waste PE Films Modified Asphalt Concrete (농업용 폐비닐로 개질한 아스팔트 콘크리트의 배합설계)

  • 김광우;이상범;오성균;고동혁;정승호
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 1999.10c
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    • pp.313-318
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    • 1999
  • This study is basic research to improve quality of asphalt concrete mixture, to preserve environment, and to recycle waste vinly. The mixing method and proper content of waste vinyl were determined through preliminary mix design. This study performed mix designs using 2 type gradations of aggregate in addtion content of wate vinly. Marshall stability at optimum asphalt content of asphalt concrete mixture addtin wate vinly was satisfied with the specification of the Ministry of Construction and Transportation , and its values indicated that dense grade asphalt concrete mixture containing waste vinyl were higher than common dense grade mixture (control). From this study, it was confirmed that addtion of waste vinyl improved quality of asphalt concrete mixture.

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A Study on the Properties of Light Weight Foamed Concrete Using Fine Aggregate (잔골재를 활용한 경량기포 콘크리트의 특성에 관한 연구)

  • Han, Min-Cheol;Shin, Jae-Kyung;Jeong, Kwang-Bok;Pei, Chang-Chun;Han, Cheon-Goo
    • Proceedings of the Korea Concrete Institute Conference
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    • 2006.11a
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    • pp.781-784
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    • 2006
  • This paper investigates the fundamental properties of light weight foamed concrete with the variances in unit weight of concrete and adding ratio of stability agent(SA). Test showed that concrete adding SA slightly decreased fluidity but secured stable flow appearances without segregation of concrete components. All specimens in a standard condition represented that a sinking depth was not observed, while, in the wet condition, a specimen adding SA decreased the sinking depth $2{\sim}4mm$ more than control concrete. Compressive strength values of control concrete showed $0.03{\sim}0.3MPa$ higher than the concrete adding SA. As for the tensile strength, the specimen adding SA also had lower value, while the ratios of comp. to tens. strength presented $0.43{\sim}0.62$, which is relatively higher than ordinary concrete.

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Selection of Suitable Aggregates for Long-term Stability of Concrete (콘크리트 장기 안정성을 위한 골재의 선택)

  • Yang, Dong-Yoon;Lee, Dong-Young
    • Economic and Environmental Geology
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    • v.28 no.5
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    • pp.519-525
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    • 1995
  • Recently, there have been several cases of serious accidents on concrete structure resulting from rapid deterioration of concrete strength. On the view point of long term stability of concrete, deterioration of concrete strength is mostly due to chemical reaction between alkali and reactive aggregates (alkali-aggreagte reaction; AAR) in concrete rather than a problem of execution. For long-term stability of concrete, concrete aggregates must be carefully selected. Some of rocks used for concrete aggregates contain deleterious minerals reactive to alkali components in concrete. Most of AAR result from chemical reaction between alkali components and reactive silica minerals in aggregates (so called alkali-silica reaction; ASR). The silica minerals are as follows; quartz with seriously distorted lattice structure, volcanic glass, chalcedony, opal, cristobalite, tridymite, etc. ASR may cause expansion and cracks, further collapse in concrete structure, in a few years. In case of crushed aggregates, only a part of rock mass without reactive minerals must be produced in aggregates mine after thorough examination of the distribution of rocks with reactive minerals. In case of natural aggregates, the total content of reactive minerals must be calculated, if, the content is more than 20%, the rate should be lower by mixing other non-reactive crushed- or natural aggregates. If it is obliged to use concrete aggregates all containing deleterious minerals in a discrete area, they must be used with low alkali cement Even if it is low quality in the chemical properties, aggregates with suitable range in the physical properties can be utilized as the aggregate of other purposes.

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Dynamics of Carbon Sequestered in Concentric Layers of Soil Macroaggregates

  • Park, Eun-Jin;Smucker, Alvin J.M.
    • The Korean Journal of Ecology
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    • v.28 no.4
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    • pp.181-188
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    • 2005
  • Methods used to study carbon sequestration by soil aggregates have often excluded the concentric spatial variability and other dynamic processes that contribute to resource accessibility and solute transport within aggregates. We investigated the spatial gradients of carbon (C) and nitrogen (N) from the exterior to interior layers within macroaggregates, $6.3\sim9.5$ mm, sampled from conventional tillage (CT) and no tillage (NT) sites of a Hoytville silt clay loam. Spatial gradients in C accumulation within macroaggregates were related to the differences in C dynamics by determining the sizes and the turnover rates of fast C and slow C pools in the concentric layers of aggregates. Aggregate exteriors contained more labile C and were characterized by greater C mineralization rates than their interiors in both management systems. In contrast, C in the interior layers of aggregates was more resistant in both systems. These results indicated the spatial differentiation of C dynamics within macroaggregates, i.e., exterior layers as a reactive site and interior layers as a protective site. Greater total C distribution in the exterior layers of NT aggregates indicated more influx of C from the macropores in interaggregate space than C. mineralization (net gain of C), whereas lower C distribution within the exterior layers of CT aggregates indicated net loss of C by greater C mineralization than C influx. We found total C increased approximately 1.6-fold by the conversion of CT soils to NT management systems for a period of 36 years. Differences in total accumulation and the spatial distribution of C within aggregates affected by management were attributed to the differences in aggregate stability and pore networks controlling the spatial heterogeneities of resource availability and microbial activity within aggregates.