• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.21 no.1
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• pp.55-62
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• 2009

Relatively low cycle performance of a conventional $CO_2$ system is partly due to significant increase in friction loss in the expansion process, since the pressure drop across the expansion device is considerably large compared to a conventional refrigeration cycle. To recover friction loss and increase refrigeration effect by providing isentropic expansion, a rotary vane type expander has been designed. Performance of the designed expander has been investigated by numerical simulation. With the pressure condition of 9 MPa/4.5 MPa and inlet temperature of $35^{\circ}C$, volumetric, isentropic, and mechanical efficiencies of the expander are calculated to be 58.1%, 101.1%, and 78.8%, respectively, resulting in total expander efficiency of 46.3%. With this expander, COP of a $CO_2$ refrigeration cycle is estimated to be improved by about 14%.

• International Journal of Air-Conditioning and Refrigeration
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• v.17 no.3
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• pp.100-106
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• 2009

As an effort to prevent environmental problems caused by ozone depletion and global warming, alternative refrigerants are being developed, and one of the candidates is carbon dioxide. To overcome slightly low efficiency of $CO_2$ refrigeration system, air-conditioning cycle using an ejector was suggested. Ejector compensates throttling loss in an expansion device by reducing compression work. In this study, the ejector refrigeration cycle using $CO_2$ as a refrigerant is investigated to understand the effect of the mixing section diameter and refrigerant charge amount on the performance. If mixing section diameter is too large or too small, either cases show low performance. The optimum refrigerant charge amount which gives the best performance is found for standard operating conditions. The air-conditioning cycle was analyzed for several operating conditions.

• Asia-Pacific Journal of Business
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• v.13 no.4
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• pp.45-59
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• 2022

Purpose - This study investigates the performance of investment strategies incorporating estimated stock market cycle based on a lead-lag relationship between business cycle and stock market cycle, thereby deriving empirical implications on risk management. Design/methodology/approach - The data period ranges from June 1953 to September 2022 and de-trended short rate, term spread, credit spread, stock market volatility are considered as major input variables to estimate business cycle and stock market cycle by applying probit model. Based on the estimated stock market cycle, two types of strategies are constructed and their performance relative to the benchmark is empirically examined. Findings Two types of strategies based on stock market cycle are considered: The first strategy is to long(short) on stocks when stock market stage is expected to be an expansion(a recession), and the second one is to long on stocks(bonds) when expecting an expansion(a recession). The empirical results show that the strategies based on stock market cycle outperforms a simple buy and hold strategy in both in-sample and out-of-sample investigation. Also the out-of-sample evidence suggests that the second strategy which is in line with asset allocation is more profitable than the first one. Research implications or Originality The strategies considered in this study are based on the estimated stock market cycle which only depends on a few easily available financial variables, thereby making easier to establish such a strategy. It implies that investors enhance investment performance by constructing a relatively simple trading strategies if they set their position on stocks or choose which asset class to buy conditioning on stock market cycle.

• Korean Journal of Materials Research
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• v.24 no.9
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• pp.481-487
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• 2014

The effect of alpha phase on the fatigue properties of Fe-29%Ni-17%Co low thermal expansion alloy was investigated. Two kinds of alloys (Base alloy and Alpha alloy) were prepared by controlling the minimal alloy composition. Microstructure observation, tensile, high-cycle fatigue, and low-cycle fatigue results were measured in this study. The Base alloy microstructure showed typical austenite ${\gamma}$ phase. Alpha alloy represented the dispersed phase in the austenite ${\gamma}$ matrix. As a result of tensile testing, Alpha alloy was found to have higher strengths (Y.S. & T.S.) and lower elongation compared to those of the Base alloy. High cycle fatigue results showed that Alpha alloy had a higher fatigue limit (360MPa) than that (330MPa) of the Base alloy. The Alpha alloy exhibited the superior high cycle fatigue property in all of the fatigue stress conditions. SEM fractography results showed that the alpha phase could act to effectively retard both fatigue crack initiation and crack propagation. In the case of low-cycle fatigue, the Base alloy had longer fatigue life in the high plastic strain amplitude region and the Alpha alloy showed better fatigue property only in the low plastic strain amplitude region. The fatigue deformation behavior of the Fe-29%Ni-17%Co alloy was also discussed as related with its microstructure.

• Proceedings of the KSME Conference
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• 2000.04a
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• pp.103-108
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• 2000

Since the ceramic/metal joint material is made at a high temperature, the residual stress development when it is cooled from bonding temperature to room temperature due to remarkable difference of thermal expansion coefficient between ceramic and metal. As residual stress at ceramic/metal joints influences the strength of joints, it is important to estimate residual stress quantitatively. In this study, it is attempted to estimate joint residual stress of $Si_3N_4/STS304$ joints quantitatively and to compare the strength of Joints. The difference of residual stress is measured when repeated thermal cycle is loaded under the conditions of the practical use of the ceramic/metal joint. And 4-point bending test is performed to examine the influence of residual stress on fracture strength. As a residual it is known that the stress of joint decreases as the number of thermal cycle increases.

• Transactions of the Korean hydrogen and new energy society
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• v.29 no.5
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• pp.483-489
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• 2018

Recently proposed organic flash cycle (OFC) was shown to potentially improve power generation using low grade heat source. In this paper, a thermodynamic performance is carried out for a modified OFC employed double expansions. Effects of the selection of working fluid and the important system parameters such as the temperatures in flash evaporators on the system performance were extensively investigated. Results showed that the system performances are strongly influenced with the system parameters and selection of the working fluid, and the power generation can be increased compared to the basic OFC.

• The KIPS Transactions:PartA
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• v.15A no.2
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• pp.119-124
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• 2008

In this paper, we analyze a cycle property embedded in pyramid graphs. We prove that it is always possible to construct diverse cycles of all lengths from 3 to ($4^N-1$)/3 by applying series of cycle expansion operations to the pyramid graph of height N. This means that the pyramid graph has the pancyclic property.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.27 no.7
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• pp.362-368
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• 2015

This paper presents a numerical study on the performance of a vapor compression cycle equipped with an ejector as an expansion device to improve the COP by reducing the expansion loss and compressor work. The simulation is carried out using a model based on the conservation of mass, energy and momentum in the ejector. From the results of the simulation, the vapor compression cycle equipped with an ejector showed a maximum COP improvement of 14.0% when using R134a refrigerant and 16.8% when using R1234yf. In addition, the performance of the system with an ejector represents the increased performance as the temperature difference between condensing and evaporating increased.

• Journal of ILASS-Korea
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• v.5 no.3
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• pp.1-8
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• 2000

Spray as a liquid atomization technique has wide applications of combustion, painting, chemical, medical and agricultural purpose, and so on. Capillary tubes and expansion valves, as an expansion device of vapor compression type refrigerators, has been used from the early time. But there are some problems in practice, the former can't control refrigerant flowrate exactly and the later most of imported are expensive relatively and has some difficulties to install. Choosing an injector as a new concept of expansion device of refrigerator in this study to improve such troubles of the coming expansion device, the refrigerant spray behavior and refrigeration characteristics are evaluated experimentally. It is verified that the injector with a good function of refrigerant atomization plays a desirable role of refrigerant expansion in the actual refrigeration cycle.

• Journal of Advanced Marine Engineering and Technology
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• v.33 no.6
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• pp.835-842
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• 2009

The present thesis carried out a research on a compression pressure's reduction phenomenon and its countermeasure according to the thermal efficiency improvement method by a Miller method in 4-cycle low speed diesel engine. In case of retardation of intake valve closing time in a engine, the theoretical heat efficiency shows a remarkably reducing trend when a compression ratio is not compensated. Accordingly, the thermal efficiency showed an increasing trend in case of compensating the compression ratio. Especially, it could be understood that the theoretical heat efficiency at near ABDC $100^{\circ}$ of intake valve closing time in case of compensation of the compression ratio was improved by around 25.1%, and the mean effective pressure was also increased by around 18.6%. Also, as the retardation of intake valve closing time increases, air quantity becomes insufficient due to a backflow phenomenon of intake air and thus thermal efficiency was decreased in a high load operation domain. The solving method of this problem is possible by supercharge. Therefore, in order to improve thermal efficiency by retardation of ntake valve closing time, the thermal efficiency improvement according to low compression is possible when there are a compensation device of a compression ratio and a supercharge device. This is a problem-solving method of low compression and high expansion cycle.