• Management Science and Financial Engineering
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• 제2권1호
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• pp.73-101
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• 1996

We show assets can be classified into diversifiable risks and non-diversifiable risks based on aggregate endowment and spanning so that in equilibrium agents eliminate diversifiable risks which must have zero values. Consequently, the benchmark portfolio that represents a pricing operator should have only a non-diversifiable risk, aggregate endowment should earn a positive risk premium over a riskless asset, and, even in incomplete markets, there should be a pricing operator represented by a function of aggregate endowment if any asset mean-independent of aggregate endowment is diversifiable. These results apply to both the CAPM and a representative agent model.

• 대한수학회보
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• 제54권2호
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• pp.383-389
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• 2017

This paper devotes to the study of a diffusive model for unstirred membrane reactors with maintenance energy subject to a homogeneous Neumann boundary condition. It shows that the unique constant steady state is globally asymptotically stable when it exists. This result further implies the non-existence of the non-uniform steady state solution.

• 제어로봇시스템학회:학술대회논문집
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• 제어로봇시스템학회 1994년도 Proceedings of the Korea Automatic Control Conference, 9th (KACC) ; Taejeon, Korea; 17-20 Oct. 1994
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• pp.313-318
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• 1994

It is well known that the neural network can be used as an universal approximater for functions and functionals. But these theoretical results are just an existence theorem and do not lead to decide the suitable network structure. This doubfulness whether a certain network can approximate a given function or not, brings about serious stability problems when it is used to identify a system. To overcome the stability problem, We suggest successive identification and control scheme with supervisory controller which always assures the identification process within a basin of attraction of one stable equilibrium point regardless of fittness of the network.

• 대한전기학회:학술대회논문집
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• 대한전기학회 1989년도 추계학술대회 논문집 학회본부
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• pp.167-170
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• 1989

• 대한전기학회:학술대회논문집
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• 대한전기학회 1999년도 하계학술대회 논문집 C
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• pp.1239-1241
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• 1999

In this paper, we propose real time transient stability assessment and energy margin estimation using fuzzy approximate reasoning. The proposed method used rotor angle, kinetic energy and acceleration power of generators at clearing time as fuzzy input. In order to calculate energy margin in transient energy function (TEF), we obtained controlling unstable equilibrium point (UEP) using mode of disturbance procedure (MOD). The proposed algorithm is tested on 4-machine, 6-bus, 7-line power system to prove of effectiveness.

• Journal of applied mathematics & informatics
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• 제36권5_6호
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• pp.349-358
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• 2018

In this article, we discuss the domain of attraction of HIV-1 system by using the moment theory. First, the asymptotic stabilities of the equilibrium point of the system are given, and then we introduce how to use the moment method to estimate domain of attraction. Finally, one simulation shows the effectiveness of moment method.

• Journal of applied mathematics & informatics
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• 제12권1_2호
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• pp.183-198
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• 2003

We highlight the alternative presentation of the Cauchy-Riemann conditions for the analyticity of a complex variable function and consider plane equilibrium problem for an elastic transversely isotropic layer, in finite deformation. We state the fundamental problems and consider traction boundary value problem, as an example of fundamental problem-one. A simple solution of“Lame's problem”for an infinite layer is obtained. The profile of the deformed contour is given; and this depends on the order of the term used in the power series specification for the complex potential and on the material constants of the medium.

• 재무관리연구
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• 제12권2호
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• pp.207-219
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• 1995

This paper develops an equilibrium asset pricing model with taxation in the economy. The expected excess rate of return on a risky asset is shown to be an increasing function of the covariance of asset return with aggregate consumption rate changes and the covariance of asset return with the tax rates as well. Thus, the expected execss rate of return can be decomposed as the consumption risk premium and the tax premium. The capital asset pricing model derived in the absence of taxes is shown to understate the expected excess rate of return and to have a misspecification error in the economy with taxation.

• 한국정밀공학회:학술대회논문집
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• 한국정밀공학회 2002년도 추계학술대회 논문집
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• pp.768-771
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• 2002

A method to derive the constitutive relations of a piezoelectric bender actuator is developed here. The constitutive relations are derived from the geometry, material properties of the actuator. The very complicated constitutive relations can be easily calculated by use of symbolic function in Mathematica. The developed program can calculate the constitutive relations for the unimorph bender made by attaching a short piezoelectric beam on a longer metal beam. The program can also calculate the constitutive relations of a piezoelectric bender with spring at its end.

• Journal of Pharmaceutical Investigation
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• 제26권3호
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• pp.207-213
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• 1996

The kinetic change of electrical resistance of hairless mouse skin as a function of ionic strength of the bathing medium was determined from impedance measurements. After increasing (decreasing) the ionic strength of the bathing medium, resistance decreased (increased) continuously with time, finally reaching an equilibrium value. We have modelled this process, using nonsteady-state diffusion kinetics. The results show semi-quantitative correlation between theoretically derived and experimentally obtained values. Overall, this work provides further mechanistic insight into ion-conduction through the skin.