• Journal of the Korean Operations Research and Management Science Society
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• v.37 no.2
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• pp.17-29
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• 2012

We examine a mortgage bank's incentive distortion problem when the bank sells its existing loan through MBS(Mortgage-Backed Security), considering the mortgage market structure and varying investors' risk attitude. Main findings in our comparative statics are the followings. The bank's monitoring incentive on the loan sold is distorted downwards when the deposit interest rate is lower than the coupon rate of MBS. Credit enhancement associated with the loan sale may mitigate the incentive distortion problem. However, the downward distortion of monitoring incentive does not disappear unless the credit enhancement, a loan guarantee, is provided up to 100%. Finally as the investors' risk preference changes from risk-neutral to risk-averse type, the incentive distortion problem becomes more severe. At the end, we recommend the introduction of covered bond in order to mitigate the incentive distortion problem, which is inevitable to current pass-through MBS.

• Journal of the Korean Chemical Society
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• v.12 no.3
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• pp.81-84
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• 1968

Stabilities of chelates of 7-nitroso-8-hydroxyquinoline-5-sulfonate have been determined for divalent transition metal ions, Mn(Ⅱ), Fe(Ⅱ), Co(Ⅱ), Ni(Ⅱ), Cu(Ⅱ), and Zn(Ⅱ) by means of the Calvin-Bjerrum technique. Comparison of these stability constants with those obtained for 8-hydroxyquinoline, and 8-hydroxyquinoline-5-sulfonate shows that the observed differences are essentially the results of the lower basicity of the sulfonated group and different metal-ligand bond. The divalent metal chelate stability sequence is not in agreement with the reported metal orders for other chelating agents. The stabilities were found to follow the order Mn(Ⅱ) < Fe(Ⅱ) ${\approx}$ Co(Ⅱ) > Ni(Ⅱ) < Cu(Ⅱ) > Zn(Ⅱ).

• Transactions of the Korean Society of Mechanical Engineers
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• v.6 no.3
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• pp.232-238
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• 1982

The behavior of corner crack propagation by unidirectional plane bending fatigue was investigated in the butt welded joints of SS41 and SM50 steel plates including an edge through-thickness notch. The properties of fatigue crack propagation were inspected in the weld metal, heat-affected zone, and base metal of the welded joints. Main results obtained are as follows; (1) When a plate with an edge through-thickness notch is loaded by plane bending fatigue in indirection, the 2 variant corner cracks on the upper and lower edge of the plate are initiated and propagated respectively from the notch. (2) In case of a specimen containing a corner crack, it is more reasonable to estimate the crack propagation rate by area of fracture surface than by crack surface length. (3) The rate of fatigue crack propagation becomes faster in the following order; weld metal, heat-affected zone, and base metal. (4) The specimen including reinforcement shape is rapidly failed throughout bond due to effect of its shape when the repeated load exceeds a certain cycle.

• Macromolecular Research
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• v.14 no.6
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• pp.603-609
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• 2006

Tricyanopyrrolidene chromophores were prepared in order to compare their macroscopic nonlinear optical (NLO) properties with a conjugated structure through the long molecular axis. A thiophene or phenyl ring was tethered to an ethylenic bond; it may act as a lateral moiety to disrupt the planarity of a chromophore and lessen the electrostatic interaction. Thin film composites of these chromophores dissolved in amorphous polycarbonate (APC) were fabricated. Real time pole and probe method was employed to investigate the change of electro-optic (EO) signal during poling. The EO properties and their relaxation behaviors of the guest-host systems containing newly synthesized chromophores were investigated in detail.

• Journal of Welding and Joining
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• v.8 no.3
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• pp.39-52
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• 1990

The research is to insure the soundness of the stainless steel overlaid weld metal(21/4Cr-IMo steel + SUS 309L) for a pressure vessel application. Detail studies were conducted for the PWHT influence on the micrstructure and intergranular corrosion characteristics of the overlaid weld metal as well as initiation of hydrogen embrittlement crack(or Disbonding) when welded metal are exposed to the hydrogen atmosphere. Hydrogen was experimentally charged to the overlaid weld metal in order to study PWHT effect on the susceptibility of hydrogen embrittlement crack. The results of this research are as follows: 1. At the bond region, austenite grain of the stainless steel side became coarsed and Cr23C6 type carbide was precipitated at the coarsed austenitic grain boundaries. Intergranular Corrosion width(by Straiss test) increased with increasing PWHT temperature and PWHT time.

• Transactions of the Korean Society of Machine Tool Engineers
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• v.14 no.5
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• pp.74-79
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• 2005

Spot welding widely used in automotive and aerospace industries has made it possible to produce more precise and smaller electric part by robotization and systemization of welding process. The quality of welding depends upon the size of nugget between the overlapped steel plates. Recently, the thickness of the steel plates becomes much thinner and hence, it introduces the smaller size of nugget. Therefore, it is necessary to develop the criterion to evaluate the quality of weld in order to obtain the optimal welding conditions for the better performance. In this paper, a thin steel plates, 0.1mm through 0.3mm thickness, have been spot-welded at different welding conditions and the nugget sizes are examined by defocused scanning microscopy. The relationships between nugget sizes and weldability have been investigated experimentally. The result of ultrasonic technique shows the good agreement with that of the tensile test.

• Journal of the Korean Society for Heat Treatment
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• v.7 no.1
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• pp.35-43
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• 1994

For the purpose of studying the change of mechanical properties of weld parts, shielded metal are welding, one-pole and two-pole submerged arc welding were accomplished weldability on $60kg/mm^2$ quenched and tempered high strength steel. Charpy impact values of the weld metal in welded parts by SMAW and SAW were lower than those of the heat affected zone and increased in order of bond, coarsened, refined and carbon spheroidized regions in the heat affected zone. Grain size of prior austenite or M-A constituent did not significantly affect toughness of welded parts, but precipitated carbide films which forms at the grain boundaries or within matrix and volume fraction of pearilte were most important factor for toughness.

• Magazine of the Korean Society of Agricultural Engineers
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• v.45 no.3
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• pp.65-72
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• 2003

The objective of this study is to evaluate the stability of the design criteria recommended by Betram and Terzaghi as compared with the experimental result. A series of NEF tests was conducted to determine the loss of volume in base soils. The three kinds of base soils classified as CL, SC and SM are used for the NEF tests with various hydraulic pressures and filters following upper and lower bond of the criteria. Volume loss characteristics of the base soils was examined closely by the results of the test successfully. Firstly, it was found that the loss of base soils was mostly eroded at the first stage of seepage. Secondly, the amount of loss volume was ranked CL > SM > SC in order of their amounts for upper criteria, and SM > CL > SC orderly for lower criteria. Thirdly, the volume loss of all soils was increased with increasing the hydraulic pressures. And lastly, the needs of the new design criteria was proved for the control of seepage and piping.

• Tribology and Lubricants
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• v.15 no.2
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• pp.212-217
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• 1999

The wear characteristics and wear mechanisms of dental composite resins were investigated. Composite resins such as Metafil, Silux Plus, Heliomolar and Palfique Estelite were selected as specimens and contents of filler in specimens in order to evaluate the effect of Prepolymerized Particle Fillers in friction and wear characteristics. Ball on flat wear tester was used for the wear test at room temperature. The friction coefficient of Metafil was quite high relatively, and the wear resistances of Silux Plus and Palfique Estelite were better than that of Metafil and Heliomolar at the same experimental condition. It was found that The main wear mechanism is plastic flow and abrasive wear by failure of filler's bond to the matrix.

• Journal of the Korean Society for Precision Engineering
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• v.18 no.5
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• pp.157-164
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• 2001

The grinding for hard-to-machine materials, such as ceramics, super alloys etc., has proven to be a very difficult and consuming process utilizing ordinary methods. In order to conduct high efficiency machining of such materials, grinding processes using metallic bond diamond wheels and applying electrolytic in-process dressing(ELID) have been attempted on a surface grinding machine. In this study, the effects of grinding parameters, and grit sizes have been evaluated in view of surface roughness, grinding force as well as step difference in simultaneous grinding of different materials. The study and experimental results are presented in this paper.