• Title/Summary/Keyword: Consolidation property

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The Effect of Capital Market Consolidation Act on the Efficiency of the Korean Financial Industry (자본시장통합법 시행에 따른 금융회사 효율성의 변화)

  • Kang, Soo-Min;Min, Jae H.
    • Korean Management Science Review
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    • v.29 no.3
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    • pp.23-43
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    • 2012
  • Enacted for enhancing the competitiveness of the Korean capital market and financial industry, Capital Market Consolidation Act (CMCA) was intended to induce considerable changes such as adopting the concept of financial investment products, regulating financial investment functionally, extending financial investors' business areas and intensifying protection for investors. Employing DEA (Data Envelopment Analysis), this study measures and compares the efficiencies of domestic financial companies between the before and after the enactment of the Consolidation Act. We categorize the financial companies into 4 groups (banks, life insurance companies, property and casualty insurance companies and securities companies) depending on their business types, and evaluate how much and in which direction the Consolidation Act affects the efficiency of each group respectively. The study shows that there is no significant difference between the average efficiency of banks and that of property and casualty insurance companies due to the trade-off between opportunities and threats of the Act. To the contrary, it shows that the respective average efficiencies of life insurance companies and securities companies moved in the opposite directions to a considerable extent. Through empirical tests, we demonstrate the effect of the Act on the efficiency of Korean financial companies, and suggest the countermeasures for each financial group against the Act.

Geotechnical characteristics and consolidation properties of Tianjin marine clay

  • Lei, Huayang;Feng, Shuangxi;Jiang, Yan
    • Geomechanics and Engineering
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    • v.16 no.2
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    • pp.125-140
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    • 2018
  • Tianjin, which is located on the west shore of the Bohai Sea, is part of China's Circum-Bohai-Sea Region, where very weak clay is deposited. From the 1970s to the early $21^{st}$ century, Tianjin marine clay deposits have been the subject of numerous geotechnical investigations. Because of these deposits' geological complexity, great depositional thickness, high water content, large void ratio, excessive settlement, and low shear strength, the geotechnical properties of Tianjin marine clay need to be summarized and evaluated based on various in situ and laboratory tests so that Tianjin can safely and economically sustain more infrastructure in the coming decades. In this study, the properties of Tianjin marine clay, especially its consolidation properties, are summarized, evaluated and discussed. The focus is on establishing correlations between the geotechnical property indexes and mechanical parameters of Tianjin marine clay. These correlations include the correlations between the water content and the void ratio, the depth and the undrained shear strength, the liquid limit and the compression index, the tip resistance and the constrained modulus, the plasticity index and the ratio of undrained shear strength and the preconsolidation pressure. In addition, the primary consolidation properties of Tianjin marine clay, such as the intrinsic compression line (ICL), sedimentation compression line (SCL), compression index, $C_c$, coefficient of consolidation, $C_v$, and hydraulic conductivity change index, $C_{kv}$, are evaluated and discussed. A secondary consolidation property, i.e., the secondary compression index, $C_a$, is also investigated, and the results show that the ratio of $C_a/C_c$ for Tianjin marine clay can be used to calculate $C_a$ in secondary consolidation settlement predictions.

Bulk Amorphous and/or Nanocrystalline Finemet Alloy Prepared by Super-high-pressure Consolidation

  • Lu, Wei;Yanb, Biao
    • Proceedings of the Korean Powder Metallurgy Institute Conference
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    • 2006.09b
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    • pp.788-789
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    • 2006
  • Microstructure and soft magnetic properties of bulk amorphous and/or nanocrystalline $Fe_{73.5}Cu_1Nb_3Si_{13.5}B_9$ alloys prepared by consolidation at 5.5GPa were investigated. The relative density of the bulk sample 1 (from amorphous powders) was 98.5% and the grain sizes were about 10.6nm. While the relative density and grain sizes of bulk sample 2 (from nanocrystalline powders) are 98% and 20.1nm, respectively. Particularly, the bulk samples exhibited a good combined magnetic property: for Sample1, $M_s=125emu/g$ and $H_c=1.5Oe;$ for Sample2, $M_s=129emu/g$ and $H_c=3.3Oe$. The success of synthesizing the nanocrystalline Fe-based bulk alloys will be encouraging for the future development of bulk nanocrystalline soft magnetic alloys.

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The probabilistic Analysis of Degree of Consolidation by Spatial Variability of Cv (압밀계수의 공간변동성에 따른 압밀도의 확률론적 해석)

  • Bong, Tae-Ho;Son, Young-Hwan;Noh, Soo-Kack;Park, Jae-Sung
    • Journal of The Korean Society of Agricultural Engineers
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    • v.54 no.3
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    • pp.55-63
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    • 2012
  • Soil properties are not random values which is represented by mean and standard deviation but show spatial correlation. Especially, soils are highly variable in their properties and rarely homogeneous. Thus, the accuracy and reliability of probabilistic analysis results is decreased when using only one random variable as design parameter. In this paper, to consider spatial variability of soil property, one-dimensional random fields of coefficient of consolidation ($C_v$) were generated based on a Karhunen-Loeve expansion. A Latin hypercube Monte Calro simulation coupled with finite difference method for Terzaghi's one dimensional consolidation theory was then used to probabilistic analysis. The results show that the failure probability is smaller when consider spatial variability of $C_v$ than not considered and the failure probability increased when the autocorrelation distance increased. Thus, the uncertainty of soil can be overestimated when spatial variability of soil property is not considered, and therefore, to perform a more accurate probabilistic analysis, spatial variability of soil property needed to be considered.

Crystallinity and Mechanical Properties of Glass Fiber Reinforced Thermoplastic Composites by Rapid Press Consolidation Technique (Consolidation 방법에 의해 제작된 유리섬유강화 복합재료의 결정성과 기계적성질에 관한 연구)

  • Shin, Ick-Jae;Kim, Dong-Young;Lee, Dong-Joo
    • Proceedings of the KSME Conference
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    • 2000.04a
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    • pp.91-96
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    • 2000
  • Glass fiber reinforced thermoplastic composites were manufactured by Rapid Press Consolidation Technique(RPCT) as functions of temperature, pressure and time in pre-heating, consolidation and solidification sections during the manufacturing processing. It was found that the material property is greatly affected by pre-heating temperature under vacuum, mold temperature and molding pressure. Among them, the temperature In the mold was the most critical factor in determining the mechanical properties and the molded conditions of specimen. The crystallinity of PET matrix was also investigated by differential scanning calorimetry(DSC) measurements for various processing conditions. The level of crystallinity($X_c$) depended strongly on the mold temperature, cooling rate and the type of composite. The difference in $X_c$ is believed to be one of important factors in characterizing the mechanical properties.

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A study on reappeared consolidation test of in-situ property and vertical deformation of sample due to stress release (1차원 압밀점토의 응력해방에 의한 수직변형량과 현장재현 압밀시험에 관한 연구)

  • Kim, Jae-Young;Takada, Naotoshi;Kang, Sang-Wook;Kim, Ki-Seop;Park, Sang-Uk;Kim, Sung-Rae
    • Proceedings of the Korean Geotechical Society Conference
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    • 2008.03a
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    • pp.1-6
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    • 2008
  • When a saturated clay is sampled in an undisturbed manner from a bore hole, the sample extends vertically and shrinks horizontally under undrained conditions due to stress release. The conventional consolidation test specimen is trimmed from the expanded sample so that its diameter is equal to the inner diameter of the consolidation test ring, this test procedure does not reproduce the actual consolidation behavior. The measurement of sample extension was conducted by means of overcoring method found that the extension strains were 1 to 2%. To simulate the in-situ consolidation behavior, the consolidation test method that uses a specimen with a slightly smaller diameter than the inside diameter of consolidometer so that the specimen expands laterally to the inside of the ring.

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A study on coefficient of permeability due to disturbed level of clay by direct permeability test with consolidation test (압밀시험중 직접투수시험에 의한 불교란 점토의 교란정도와 투수계수에 관한 연구)

  • Kim, Jae-Young;Kim, Dong-Hyun;So, Choong-Seop;Takada, Naotoshi
    • Proceedings of the Korean Geotechical Society Conference
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    • 2005.03a
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    • pp.248-252
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    • 2005
  • Compressibility and deformability of clays change greatly when the clays are subjected to disturbance. These tendencies have been studied. However, the effect of the disturbance on the permeability that consists of consolidation properties has not yet been studied. In this study, relationship between permeability and volume ratio under the different degree of disturbance are experimently obtained. The results indicate that the relations are less influenced if the disturbance is less depending on the kind of soils.

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A Study of Consolidation property on Soft ground Using Piezocone (피에조콘을 이용한 연약지반의 압밀특성에 관한 연구)

  • 김봉문;박성재;정경환;김찬홍;이길환
    • Proceedings of the Korean Geotechical Society Conference
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    • 2002.03a
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    • pp.463-468
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    • 2002
  • Based on the results obtain from the investigation of Nak-Dong River District, it was classified as very thick, soft soil deposit. Furthermore, during the construction of structures large settlements are expected. Since large settlement affects the structures life, it is very important to accurately determine the consolidation of soil based on the obtained results. In this study piezocone test and laboratory test were performed to determine the consoildtion properties of Nak-Dong River District Pusan, Gyeong-Nam province. Degree of consoildation and the coefficient of consoildation obtained from the data of piezocone test and the results of the Oedometer test were compared and analyzed. Using the results the porewater pressure coefficient($B_q$) was obtained and the relationship with the Plasticity Index was also determined. From the results of this study the effects of the degree of consolidation and consolidation coefficient, and the porewater pressure coefficient and the Plasticity Index was determined.

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Effect of the Non-linear Permeability of Clays on the Behavior of Soils in Embankment Construction (제방 성토시 지반거동에 대한 점토의 비선형 투수성의 영향)

  • Kim, Tae-Hoon;Han, Tae-Gon;Yoo, Ki-Cheong;Lee, Song
    • Journal of the Korean Geotechnical Society
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    • v.20 no.6
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    • pp.61-73
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    • 2004
  • The coefficient of permeability of natural clay shows a nonlinear property which is related to various stress level of soils, and this nonlinear property has effect on the period of consolidation and the property of deformation in clay soils under loading. Thus, in this paper the numerical analysis was conducted by FEM-using coupled theory which incorporated Biot's consolidation theory into modified Cam-clay model- to consider the effects of nonlinear permeability on the behavior of clay soils under loading. The result of this paper showed that nonlinear permeability had different effects on the deformation and excess pore water pressure in clay soils according to the change of ratios of coefficients of permeability which was presented a degree of nonlinear property, and average coefficients of permeability of soils. Therefore, it was concluded that nonlinear permeability should be considered according to both the change of ratios of coefficients of permeability and average coefficients of permeability to conduct more simultaneous analyses to field conditions.

Low Temperature Consolidation of Silica Film by Flame Hydrolysis Deposition (FHD 공정으로 제조한 실리카 막의 저온 고밀화)

  • Kim, Tae-Hong;Yoon, Ki-Hyun
    • Journal of the Korean Ceramic Society
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    • v.39 no.3
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    • pp.278-285
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    • 2002
  • For planar optical devices, silica film deposited by FHD was fabricated at low temperature. To prepare silica film at low temperature, we have changed B, P amounts and investigated consolidation effect with varying consolidation temperature and atmosphere on microstructural change, and also observed optical property. The optimum consolidation temperature in He was lower than that of other atmosphere, its temperature could be lowered to 1050$^{\circ}C$. As a result, the roughness of flat silica film prepared at 1050$^{\circ}C$ showed 5, 6nm.