• Communications for Statistical Applications and Methods
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• 제24권5호
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• pp.507-518
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• 2017

Volatility plays a crucial role in theory and applications of asset pricing, optimal portfolio allocation, and risk management. This paper proposes a combined model of autoregressive moving average (ARFIMA), generalized autoregressive conditional heteroscedasticity (GRACH), and skewed-t error distribution to accommodate important features of volatility data; long memory, heteroscedasticity, and asymmetric error distribution. A fully Bayesian approach is proposed to estimate the parameters of the model simultaneously, which yields parameter estimates satisfying necessary constraints in the model. The approach can be easily implemented using a free and user-friendly software JAGS to generate Markov chain Monte Carlo samples from the joint posterior distribution of the parameters. The method is illustrated by using a daily volatility index from Chicago Board Options Exchange (CBOE). JAGS codes for model specification is provided in the Appendix.

• 농촌계획
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• 제14권1호
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• pp.43-50
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• 2008

The dichotomous-choice contingent valuation method is applied to estimate the landscape value of Jeju mandarin(orchard). A distribution-free approach, Turnbull empirical distribution model, is employed to solve negative willingness to pay and truncation problems. The data used are collected from the interviews with tourist about willingness-to-pay at the various donation amount levels of Jeju mandarin(orchard)'s landscape value. The evaluation result is shown that the average amount of willingness to pay for the Jeju mandarin's landscape value is 12,926 won per person with standard deviation of 1,874.7 won/person. When the number of Jeju visitors is considered, the economic value of Jeju mandarin's landscape rises every year(2005:64.89 billion won, 2011: 84.43 billion won). The average economic value of Jeju mandarin's landscape are estimated 59.65 billion won during 2000-2005 and 76.88 billion won during 2006-2011, respectively.

• Nuclear Engineering and Technology
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• 제54권9호
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• pp.3225-3234
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• 2022

Alloy 690 tubing has been shown to be highly resistant to primary water stress corrosion cracking (PWSCC). Nevertheless, predicting the failure by PWSCC in Alloy 690 SG tubes is indispensable. In this work, a Bayesian-based statistical approach is proposed to predict the occurrence of failure by PWSCC in Alloy 690 SG tubing. The prior distributions of the model parameters are developed based on the prior knowledge or information regarding the parameters. Since Alloy 690 is a replacement for Alloy 600, the parameter distributions of Alloy 600 tubing are used to gain prior information about the parameters of Alloy 690 tubing. In addition to estimating the model parameters, analysis of tubing reliability is also performed. Since no PWSCC has been observed in Alloy 690 tubing, only right-censored free-failure life of the tubing are available. Apparently the inference is sensitive to the choice of prior distribution when only right-censored data exist. Thus, one must be careful in choosing the prior distributions for the model parameters. It is found that the use of non-informative prior distribution yields unsatisfactory results, and strongly informative prior distribution will greatly influence the inference, especially when it is considerably optimistic relative to the observed data.

• Structural Engineering and Mechanics
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• 제7권4호
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• pp.377-386
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• 1999

The stress distribution in a symmetrically laminated composite plate subjected to in-plane compression are evaluated using finite element analysis. Six different finite element models are created for the study of stresses in the plate after buckling. Two finite element modelling approaches are adopted to obtain the stress distribution. The first approach starts with a full model of shell elements from which sub-models of solid elements are spin-off The second approach adopts a full model of solid elements at the beginning from which sub-models of solid elements are created. All sub-models have either 1-element thickness or 14-element thickness. Both techniques show high interlaminar direct and shear stresses at the free edges. The study also provides vital information of the distribution of all components of stresses along the unloaded edges in length direction and also in the thickness direction of the plate.

• 한국전산구조공학회:학술대회논문집
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• 한국전산구조공학회 1998년도 가을 학술발표회 논문집
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• pp.314-321
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• 1998

This paper presents motion based design methodology for structures. Current design methodologies are primarily strength-based. Such methods are adequate when strength is expected to govern the design. But as the slenderness of structures increases, motion such as displacement and acceleration becomes the dominant criterion. In this paper, a preliminary design approach for beam-type buildings, where motion dominates the design, is discussed by effectively distributing the magnitude of structural stiffness to control the distribution of displacement under service load. This analytic development is illustrated using a cantilever beam as the structure under static loads, free vibration, and forced vibration.

• Smart Structures and Systems
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• 제30권2호
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• pp.121-133
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• 2022

An analytical approach for the free vibration behavior of a sandwich cylindrical shell with a functionally graded (FG) core is presented. It is considered that the FG distribution is in the direction of thickness. The material properties are temperature-dependent. The sandwich cylindrical shell with a FG core is considered with two cases. In the first model, i.e., Ceramic-FGM-Metal (CFM), the interior layer of the cylindrical shell is rich metal while the exterior layer is rich ceramic and the FG material is located between two layers and for the second model i.e., Metal-FGM-Ceramic (MFC), the material distribution is in reverse order. This study develops Carrera's Unified Formulation (CUF) to analyze sandwich cylindrical shell with an FG core for the first time. Considering the Principle of Virtual Displacements (PVDs) according to the CUF, the dependent boundary conditions and governing equations are obtained. The coupled governing equations are derived using Galerkin's method. In order to validate the present results, comparisons are made with the available solutions in the previous researches. The effects of different geometrical and material parameters on the free vibration behavior of a sandwich cylindrical shell with an FG core are examined.

• International Journal of Fluid Machinery and Systems
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• 제3권4호
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• pp.285-291
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• 2010

To provide required flow rates of cooling or circulating water properly, approach flow conditions of vertical pump systems should be in compliance with state of the art acceptance criteria. The direct inflow should be vortex free, with low pre-rotation and symmetric velocity distribution. Physical model investigations are common practice and the best tool of prediction to evaluate, to optimize and to document flow conditions inside intake structures for vertical pumping systems. Optimization steps should be accomplished with respect to installation costs and complexity on site. The report shows evaluation of various approach flow conditions inside a compact waste water pumping station. The focus is on the occurrence of free surface vortices and the evaluation of air entrainment for various water level and flow rates. The presentation of the results includes the description of the investigated intake structure, occurring flow problems and final recommendations.

• 대한기계학회:학술대회논문집
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• 대한기계학회 2008년도 추계학술대회A
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• pp.652-657
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• 2008

A stress distribution of composite laminates patches is obtained by using the Kantorovich method when the substrate is under uniaxial load. The analysis is based on the stress function approach and uses the complementary virtual work principle. The three-dimensional stresses satisfy the traction free conditions at the free edges and the top surfaces of the patch. The stress of the bottom surfaces of the patch is obtained from equilibrium equation of patch and substrate. To demonstrate the efficiency and validity of the proposed analysis, numerical examples for cross-ply and quasi-isotropic laminates are included. The present method provides accurate stresses in the interior and near the free edges of composite laminate patches.

• 대한수학회논문집
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• 제16권1호
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• pp.137-152
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• 2001

Steady two-dimensional flows due to an applied pressure distribution in water of finite depth are considered. Gravity is included in the dynamic boundary condition. Gravity is included in the dynamic boundary condition. The problem is solved numerically by using the boundary integral equation technique. It is shown that, for both supercritical and subcritical flows, solutions depend on three parameters: (i) the Froude number, (ii) the magnitude of applied pressure distribution, and (iii) the span length of pressure distribution. For supercritical flows, there exist up to two solutions corresponding to the same value of Froude number for positive pressures and a unique solution for negative pressures. For subcritical flows, there are solutions with waves behind the applied pressure distribution. As the Froude number decreases, these waves when the Froude numbers approach the critical values.

• Steel and Composite Structures
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• 제34권2호
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• pp.215-226
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• 2020

The aim of this study is to investigate free vibration of functionally graded porous nanocomposite rectangular plates where the internal pores and graphene platelets (GPLs) are distributed in the matrix either uniformly or non-uniformly according to three different patterns. The elastic properties of the nanocomposite are obtained by employing Halpin-Tsai micromechanics model. The GPL-reinforced plate is modeled using a semi-analytic approach composed of generalized differential quadrature method (GDQM) and series solution adopted to solve the equations of motion. The proposed rectangular plates have two opposite edges simply supported, while all possible combinations of free, simply supported and clamped boundary conditions are applied to the other two edges. The 2-D differential quadrature method as an efficient and accurate numerical tool is used to discretize the governing equations and to implement the boundary conditions. The convergence of the method is demonstrated and to validate the results, comparisons are made between the present results and those reported by well-known references for special cases treated before, have confirmed accuracy and efficiency of the present approach. New results reveal the importance of porosity coefficient, porosity distribution, graphene platelets (GPLs) distribution, geometrical and boundary conditions on vibration behavior of porous nanocomposite plates. It is observed that the maximum vibration frequency obtained in the case of symmetric porosity and GPL distribution, while the minimum vibration frequency is obtained using uniform porosity distribution.