• Journal of the Korea Society for Simulation
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• v.33 no.1
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• pp.27-34
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• 2024

This study aims to propose an optimal asset allocation that minimizes the risk of insufficient realized replacement rates compared to the OECD average replacement rate. To do this, we set the shortfall risk of replacement rates and calculates an asset allocation plan to minimize this risk based on the period of enrollment, the income level and additional contribution. We consider stocks and deposits as investment assets, using Monte Carlo simulation with a GBM model to generate return distributions for stocks. Our result show that, for individuals with a enrollment period of less than 30 years, participants should invest a minimum of 70-80% of their funds in risky assets to minimize the shortfall risk. However, the proportion of funds that need to be invested in risky assets declines significantly when participants contribute an additional premiums. This effect is particularly pronounced among low-income individuals. Therefore, to achieve OECD average replacement rates, the government needs to incentivize participants to invest more in risky assets, while also providing policies to encourage additional contributions, especially for the low-income population.

• Journal of the Economic Geographical Society of Korea
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• v.20 no.1
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• pp.1-15
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• 2017

This paper analyzes empirically how the three main industries (petrochemical industry, shipbuilding industry, automobile industry) that are driving the growth of Ulsan region in 2005~2013 have grown by what factors. For this purpose, we investigate the structural changes of the three main industries by using regional input-output tables announced by the Bank of Korea and examine the growth contribution rate of each industry that is divided into domestic final demand, export demand, import substitution for final goods, import substitution for intermediate goods and technological change, respectively. The growth rate of gross output and aggregate demand in petrochemical and automobile industries increased in 2010-1013 compared to 2005-2010, but the growth rate of gross output and aggregate demand in shipbuilding industry slowed down. As a result of analysis of factors contributing to the increase in gross output of the three main industries, export demand has the greatest effect. By industry, the rate of growth contribution of export demand in petrochemical industry is recorded as 209.23% in 2005-2010 and 113.78% in 2010-2013, respectively. The rate of growth contribution of export demand in automobile industry is recorded as 258.72% in 2005-2010 and 72.69% in 2010-2013, respectively. On the other hand, the rate of growth contribution of export demand in shipbuilding industry is recorded as 94.47% in 2005-2010, but it decreased to -255.32% in 2010-2013. Analysis of growth factors of Ulsan's three main industries is expected to serve as the basis for reorganizing related industrial policies and establishing them.

• 한국연소학회:학술대회논문집
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• 2006.10a
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• pp.65-72
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• 2006

Experiments in methane-air low strain rate counterflow diffusion flames diluted with nitrogen have been conducted to study the behavior of flame extinction and edge flame oscillation in which flame length is less than the burner diameter and thus lateral conduction heat loss in addition to radiative heat loss could be remarkable at low global strain rates. Critical mole fraction at flame extinction is examined with velocity ratio and global strain rate. Onset conditions of edge flame oscillation and flame oscillation modes are also provided with global strain rate and added nitrogen mole fraction to fuel stream (fuel Lewis number). It is seen that flame length is closely relevant to lateral heat loss, and this affects flame extinction and edge flame oscillation considerably. Edge flame oscillations in low strain rate flames are experimentally described well and are categorized into three: a growing oscillation mode, a decaying oscillation mode, and a harmonic oscillation mode. The regime of flame oscillation is also provided at low strain rate flames. Important contribution of lateral heat loss even to edge flame oscillation is clarified.

• JSTS:Journal of Semiconductor Technology and Science
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• v.1 no.4
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• pp.197-201
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• 2001

The influence of argon, oxygen, and nitrogen admixtures on the dissociation of $Cl_2$ molecules in a glow discharge low-temperature plasma under the constant pressure conditions was investigated. For $Cl_2/Ar$ and $Cl_2/O_2$mixtures, the concentration of chlorine atoms was observed to be a practically constant at argon or oxygen concentrations up to 50%. This invariability is a most pro bably explained by relative increase in rate of $Cl_2$ direct electron impact dissociation due to the changes in electrophysical parameters of plasma such as EEDF, electron drift rate and mean energy. For all the considered mixtures, the contribution of stepwise dissociation involving active species from gas additives (metastable atoms and molecules, vibrationally excited molecules) was found to be negligible.

• Proceedings of the KSRS Conference
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• 1999.11a
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• pp.117-121
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• 1999

Relations between GMS-5 infrared brightness temperature with SSM/I retrieved rain rate are determined by a probability matching method similar to Atlas et al. and Crosson et al. For this study, coincident data sets of the GMS-5 infrared measurements and SSM/I data during two summer seasons of 1997 and 1998 are constructed. The cumulative density functions (CDFs) of infrared brightness temperature and rain rate are matched at pairs of two variables which give the same percentile contribution. The method was applied for estimating rain rate on 31 July 1998, examining heavy rainfall estimation of a flash flood event over Mt. Jiri. Results were compared with surface gauge observations run by Korean Meteorological Administration. It was noted that the method produced reasonably good quality of rain estimate, however, there was large area giving false rain due to the anvil type clouds surrounding deep convective clouds. Extensive validation against surface rain observation is currently under investigation.

• Journal of Mechanical Science and Technology
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• v.16 no.10
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• pp.1246-1252
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• 2002

Ultrafine grained (UFG) low carbon (0.15 wt.% C) steel produced by equal channel angula. pressing (ECAP) was tested for investigating the effect of load ratio on the fatigue crack growth rate. Fatigue crack growth resistance and threshold of UFG steel were lower than that of asreceived coarse grained steel. It was attributed to the less tortuous crack path. The UFG steel exhibited slightly higher crack growth rates and a lower △Kth with an increase of R ratio. The R ratio effect on crack growth rates and △Kth was basically indistinguishable at lower load ratio (R >0.3), compared to other alloys, which indicates that contribution of the crack closure vanishes. The crack growth rate curve for UFG steel exhibited a longer linear extension to the lower growth rate regime than that for the coarse grained as-received steel.

• Journal of the Korean Society for Industrial and Applied Mathematics
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• v.19 no.1
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• pp.23-45
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• 2015

We consider counterparty risk in CDS rates. To do so, we use a multivariate jump diffusion process for obligors' default intensity, where jumps (i.e. magnitude of contribution of primary events to default intensities) occur simultaneously and their sizes are dependent. For these simultaneous jumps and their sizes, a homogeneous Poisson process. We apply copula-dependent default intensities of multivariate Cox process to derive the joint Laplace transform that provides us with joint survival/default probability and other relevant joint probabilities. For that purpose, the piecewise deterministic Markov process (PDMP) theory developed in [7] and the martingale methodology in [6] are used. We compute survival/default probability using three copulas, which are Farlie-Gumbel-Morgenstern (FGM), Gaussian and Student-t copulas, with exponential marginal distributions. We then apply the results to calculate CDS rates assuming deterministic rate of interest and recovery rate. We also conduct sensitivity analysis for the CDS rates by changing the relevant parameters and provide their figures.

• The Journal of the Acoustical Society of Korea
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• v.18 no.4
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• pp.47-52
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• 1999

In this paper, we proposed a new approach to weight each feature parameter by considering the dispersion of feature parameters and its degree of contribution to recognition rate. We determined the total distribution factor that is proportional to recognition rate of each feature parameter and the dispersion factor according to the dispersion of each feature parameter. Then. we determined state-dependent weighting using the total distribution factor and dispersion factor. To verify the validity of the proposed approach, recognition experiments were performed using the PLU(Phoneme-Like Unit)-based HMM. Experimental results showed the improvement of 7.7% at the recognition rate using the proposed method.

• 한국연소학회:학술대회논문집
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• 2000.05a
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• pp.35-44
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• 2000

It was numerically studied that NOx emission characteristics of confined $CH_{4}$ jet flames with the variation of the diameter of inner fuel nozzle, the flow rate of $CH_{4}$ and equivalence ratio. Parabolic type equations were adopted in the calculation and GRI-2.1I mechanism was used for the chemical reaction. NOx emission index (EINOx) was introduced to evaluate NOx emission quantitatively in parametrically varied flames and the contribution of Thermal and Prompt NO mechanism was discussed. The results showed that Total EINOx varied sensitively with the variation of the flow rate of$CH_{4}$ but it was not sensitive to the variation of the diameter of inner fuel nozzle. Thermal EINOx showed the similar tendency to total EINOx and Prompt EINOx showed insensitivity to the variation of the diameter of inner fuel nozzle and the flow rate of $CH_{4}$.

• Advances in aircraft and spacecraft science
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• v.2 no.4
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• pp.469-482
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• 2015

This study has the aim to develop a numerical design regarding the position and the inner performances of a heat exchanger in a light helicopter. the problem was to find first of all the best position of the heat exchanger inside the engine vane in order to maximize the air flow rate capable to pass through the heat exchanger section. It is to be said that the only air contribution in the vane comes from the opening present in the roof under the main rotor. The design has been performed by means of the commercial code Fluent and using the well known grid generator ICEM CFD. Different positions are first investigated so to establish the best one. Subsequently, different areas of the opening on the roof have been considered in order to maximize even more the flow rate in the heat exchanger that was not sufficient based on the first guess of velocity, as aforementioned. At the end interesting design results are presented and discussed by contours of fields and values.