• Title/Summary/Keyword: Cost Behaviors

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The Effect of Maturity Mismatch between Investing and Financing on Audit Pricing

  • YIN, Hong;ZHANG, Ruo Nan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.51-61
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    • 2020
  • This research investigates the consequences of the increase in corporate use of short-term debt in China over the past decades. Using a sample of Chinese firms from 2007 to 2018, we empirically explore the effect of corporate use of short-term debt for long-term investment (SFLI) on audit pricing. We first examine the relationship between SFLI and audit pricing for different groups of firms. Then, we investigate the role of the increase in short-term debt in alleviating principal-agent conflicts and reducing agency costs. We have four primary empirical findings. First, auditors tend to charge SFLI clients higher fees. Second, the negative relationship between SFLI and audit fee is found in private firms, firms audited by Chinese domestic auditors, and firms with higher information asymmetry. Third, the time auditors spent on SFLI clients is significantly more than that spent on non-SFLI clients, suggesting that the decrease in audit fee is not due to the decrease in cost. Fourth, SFLI significantly reduces the agency costs of the firm, which auditors regard as a low risk signal and grant an audit fee discount. Our findings suggest that the decrease in debt maturity, not only influences managerial behaviors, but also influences auditors' risk assessment and pricing decisions.

A Scalable and Robust Approach to Collaboration Enforcement in Mobile Ad-Hoc Networks

  • Jiang Ning;Hua Kien A.;Liu, Danzhou
    • Journal of Communications and Networks
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    • v.9 no.1
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    • pp.56-66
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    • 2007
  • Mobile ad-hoc networks (MANETs) have attracted great research interest in recent years. Among many issues, lack of motivation for participating nodes to collaborate forms a major obstacle to the adoption of MANETs. Many contemporary collaboration enforcement techniques employ reputation mechanisms for nodes to avoid and penalize malicious participants. Reputation information is propagated among participants and updated based on complicated trust relationships to thwart false accusation of benign nodes. The aforementioned strategy suffers from low scalability and is likely to be exploited by adversaries. In this paper, we propose a novel approach to address these problems. With the proposed technique, no reputation information is propagated in the network and malicious nodes cannot cause false penalty to benign hosts. Nodes classify their one-hop neighbors through direct observation and misbehaving nodes are penalized within their localities. Data packets are dynamically rerouted to circumvent selfish nodes. As a result, overall network performance is greatly enhanced. This approach significantly simplifies the collaboration enforcement process, incurs low overhead, and is robust against various malicious behaviors. Simulation results based on different system configurations indicate that the proposed technique can significantly improve network performance with very low communication cost.

Dynamic Characteristics Identification of Cylindrical Structure Using Dynamic Substructuring Method (Dynamic Substructuring 기법을 이용한 원통형 구조물의 동특성 확인)

  • Choi, Youngin;Park, No-Cheol;Lee, Sang-Jeong;Park, Young-Pil;Kim, Jinsung;Park, Chanil;Roh, Woo-Jin
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2014.10a
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    • pp.106-109
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    • 2014
  • In order to obtain dynamic behaviors of complex structures, it demands large amounts computational cost and time to perform the numerical analysis. The model reduction method helps these problems by dividing the full model into primary and unnecessary parts. In this research, we perform the modal analysis using the dynamic substructuring method, which is one of the model reduction methods, in order to obtain the dynamic characteristics of the cylindrical structures efficiently. To select the master degrees of freedom (dofs), we consider the mode shapes of the cylindrical structures. And then, we identify the validity of the dynamic substructuring method by applying the method to the simple cylinder and core support barrel (CSB) which is one of the reactor internals with the cylindrical shape. The results demonstrate that the dynamic characteristics from the dynamic substructuring method are well matched with the original method.

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Analytical and Experimental Study on Vibration Characteristics for Rectangular Tank Structure Filled with Fluid (사각헝 탱크 구조의 접수 진동 특성에 관한 연구)

  • 최수현;김극수;손성완
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.12 no.3
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    • pp.195-203
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    • 2002
  • In the engine room and the aft part areas of the ship, there exist so many tank structures contacting with fresh water or sea water or oil. If these structures exhibit excessive vibrations during the sea trials, it takes a lot of cost, time and effort to improve vibration situation because the reinforcement work requires emptying the fluid out of the tanks, additional welding and special painting. It is therefore very important to predict a precise vibration characteristics of the tank structures at the design stage, however it is not easy to estimate vibration characteristics of the structures because of difficulties for accurate evaluation of the added (or virtual) mass effect due to the fluid inside the tank. In this paper, numerical and experimental approaches have been performed to present same fundamental data necessary for anti-vibration design of tank structures contacting with fluid, by investigating vibration behaviors of rectangular tank structure for various water depths.

Experimental Verification of Spectral Element Analysis for the High-frequency Dynamic Responses of a Beam with a Surface Bonded Piezoelectric Transducer (압전소자가 부착된 보의 고주파수 동적응답에 대한 스펙트럼 요소 해석의 실험적 검증)

  • Kim, Eun-Jin;Sohn, Hoon;Park, Hyun-Woo
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.19 no.12
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    • pp.1347-1355
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    • 2009
  • This paper demonstrates the validity of spectral element analysis for modeling the high-frequency dynamic behaviors of a beam with a surface-bonded piezoelectric wafer through a laboratory test. In the spectral element analysis, the high-frequency electro-mechanical interaction can be considered properly with relatively low computational cost compared to the finite element analysis. In the verification test, a cantilever beam with a surface-bonded piezoelectric wafer is forced to be in steady-state motion by exerting the harmonic driving voltage signal on the piezoelectric wafer. A laser scanning vibrometer is used to obtain the overall dynamic responses of the structure such as resonance frequencies, the associated mode shapes, and frequency response functions up to 20 kHz. Then, these dynamic responses from the test are compared to those computed by the spectral element analysis. A two-dimensional finite analysis is conducted to obtain the asymptotic solutions for the comparison purpose as well.

Estimation of Pollutant Load Using Genetic-algorithm and Regression Model (유전자 알고리즘과 회귀식을 이용한 오염부하량의 예측)

  • Park, Youn Shik
    • Korean Journal of Environmental Agriculture
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    • v.33 no.1
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    • pp.37-43
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    • 2014
  • BACKGROUND: Water quality data are collected less frequently than flow data because of the cost to collect and analyze, while water quality data corresponding to flow data are required to compute pollutant loads or to calibrate other hydrology models. Regression models are applicable to interpolate water quality data corresponding to flow data. METHODS AND RESULTS: A regression model was suggested which is capable to consider flow and time variance, and the regression model coefficients were calibrated using various measured water quality data with genetic-algorithm. Both LOADEST and the regression using genetic-algorithm were evaluated by 19 water quality data sets through calibration and validation. The regression model using genetic-algorithm displayed the similar model behaviors to LOADEST. The load estimates by both LOADEST and the regression model using genetic-algorithm indicated that use of a large proportion of water quality data does not necessarily lead to the load estimates with smaller error to measured load. CONCLUSION: Regression models need to be calibrated and validated before they are used to interpolate pollutant loads, as separating water quality data into two data sets for calibration and validation.

An Experimental Study on Flexural Strength of Inverted T-shaped Composite Beams encased with concrete (매립형 역T형 합성보의 휨내력에 관한 실험적 연구)

  • Jang, Hee-Sung;Jeong, Jae-Hun;Kim, Jin- Moo;Joo, Kyong-Jae
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.4 no.3
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    • pp.145-152
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    • 2000
  • In simply supported composite beams, the neutral axis of the composite cross section is usually located near the top flange of the steel H-shape, so that the top flange does not impart much strength to the member. This suggests that omitting the top flange entirely could be a means to lower the cost of the beam without greatly reducing the strength. However, It is not easy for inverted T-shaped composite beam to construct and to apply continuous beam which has negative bending moment. As a result, it would get more workability and decrease capability of lateral buckling and local buckling, if the bottom flange of inverted T-shaped steel used as a form. Therefore. the objectives of this study are to investigate strength and behaviors of inverted T-shaped composite beam which web is encased by concrete and to grasp bending capacity and efficiency of composite by comparing and analyzing in test piece.

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Factors related to School Food Waste in High School Students in Gyeongnam (경남 사천지역 고등학생들의 학교급식 잔반에 영향을 미치는 요인에 관한 연구)

  • Park, Seo-Young;Choi, Ye-Ji;Kim, Sung-Hee
    • Journal of the East Asian Society of Dietary Life
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    • v.25 no.4
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    • pp.710-719
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    • 2015
  • This study was undertaken to identify factors affecting school food waste generation using a questionnaire. The subjects were 254 high school students (male; 156, female; 98) in Sacheon, Gyeongnam divided into three groups of low (${\leq}1/week$), moderate (2~3/week), and high (${\geq}4/week$) according to the frequencies of food waste. The questionnaires consisted of general characteristics, anthropometric values, dietary habits, health-related behaviors, self-perceptions of food waste, snacking patterns, and nutrition knowledge. The main reasons behind food waste were 'too much food' in the low (20.9%) and moderate (32.2%) groups, and 'no appetite' in the high group (p<0.01). The main types of food waste were rice (44.2%) > fish (18.6%) > vegetables (14.0%) in the low group, rice (54.2%) > Kimchi/vegetables (15.3%) in the moderate group, rice (56.0%) > vegetables (20.0%) > Kimchi (16.0%) in the high group (p<0.01). School food waste was significantly affected by age, gender, monthly allowance, school grade, weight, BMI, regularity of meals, time of meals, type of breakfast, starting age of smoking, and cost for snacking.

Robustness Design For Tall Timber Buildings

  • Voulpiotis, Konstantinos;Frangi, Andrea
    • International Journal of High-Rise Buildings
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    • v.9 no.3
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    • pp.245-253
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    • 2020
  • With the ever-increasing height of timber buildings, the complexity of timber as a structural material gives rise to behaviors not previously studied by engineers. An urgent call is needed regarding their performance in damage scenarios: activating alternative load paths in tall timber buildings is not the same as in tall buildings made with steel and concrete. In this paper we propose a robustness framework covering all building materials, whose application in timber may lead to new conceptual designs for the next generation of tall timber buildings. Qualitatively, the importance of building scale and the distinction between localized and systematic exposures are discussed, and how existing supertall structures can be an example for future generations of tall timber buildings. Quantitatively, the robustness index is introduced alongside a method to calculate the performance of a given building regarding robustness, in order to find the most cost-effective structural solutions for improved robustness. A three-level application recommendation is made, depending on the importance of the building in question. Primarily, the paper highlights the importance of conceptual design to achieve structural robustness and encourages the practicing engineering community to use the proposed framework to quantitatively come up with the new generation of tall timber buildings.

The noble method for superhydrophobic thin film coating

  • Seo, Hyeon-Uk;Kim, Gwang-Dae;Jeong, Myeong-Geun;Kim, Dong-Un;Kim, Myeong-Ju;;Kim, Yeong-Dok;Im, Dong-Chan;Lee, Gyu-Hwan;Eom, Seong-Hyeon;Lee, Jae-Yeong
    • Proceedings of the Korean Vacuum Society Conference
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    • 2011.02a
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    • pp.496-496
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    • 2011
  • A very simple and cost-effective method for fabrication of SiOx-incorporated diamond-like carbon (DLC) thin films at a preparation temperature of less than $200^{\circ}C$ was developed. Since DLC coating can be prepared not under vacuum but atmospheric conditions without any carrier gas flow, not only wafers but also powderic substrates can be used for DLC coating. Formation of DLC coating could result in appearance of superhydrophobic behaviors, which was sustained in a wide range of pH (1~14). DLC-coated surfaces selectively interacted with toluene in a toluene/water mixture. These results imply that our preparation method of the DLC coating can be useful in many application fields such as creating self-cleaning surfaces, and water and air purification filters.

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