• Journal of Distribution Science
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• v.22 no.9
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• pp.49-63
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• 2024

Purpose: This study examines how psychological heuristics influence stock price dynamics in Korea's distribution industry after significant price shocks. Research Design, Data, and Methodology: The study analyzes daily stock price movements exceeding 10% for Korean distribution companies from 1993 to 2022. It establishes anchoring heuristic reference points, including the 52-week high and low, and segments the sample based on company size and volatility. Results: We analyzed a sample previously studied by Lee et al. (2023). Our findings indicate that when a stock experiences a positive (negative) price shock near its 52-week high (or lowest price), investors in large (small) companies exhibit an optimism (pessimism) bias. This leads to overreactions and subsequent stock price reversals after the event date. Conversely, when a stock encounters a negative (positive) price shock near its 52-week high (or lowest price), investorstend to underreact due to anchoring heuristics. Thisresultsin a drift effect on the stock price after the event day. Notably, investor behavior around 52-week highs or lows directly impacts their heuristic behavior related to those price points. Conclusions: This paper uniquely examines behavioral biases among distribution-related stock investors in Korea, shedding light on stock price reversal and drift effects.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.11
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• pp.5939-5946
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• 2013

The bridge approach slabs (BAS) to provide a transitional roadway between a roadway pavement and a bridge structure have not performed adequately due to various factors. The current Korean Roadway Design Guidelines treat the BAS as a simply supported beam with 70% of the span length and do not consider settlement and void development underneath the slab. To investigate the effect of soil settlements on the bending moment of BAS, a beam on elastic support (BAS-ES) was used in the present study. The parameters used in this study were span length, washout length, washout location, and soil modulus. It was shown from the parametric study that washout regions closer to the midspan exhibit maximum moment in the slab. Since voids under the BAS have typically been observed to be closer to bridge abutments, the springs from the abutment were removed to simulate settlement and void development in the model. The design moments based on AASHTO LRFD Bridge Design Specifications were compared to those of Korean Standard Specifications for Highway Bridge and Design Trucks for Highway Bridges. Even if the design moment from BAS-ES was used to incorporate the effect of the potential washout, significant savings could still be achieved compared to the current BAS design.

• Design & Manufacturing
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• v.15 no.2
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• pp.23-29
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• 2021

The specific strength of magnesium alloy is four times that of iron and 1.5 times that of aluminum. For this reason, its use is increasing in the transportation industry which is promoting weight reduction. At room temperature, magnesium alloy has low formability due to Hexagonal closed packed (HCP) structure with relatively little slip plane. However, as the molding temperature increases, the formability of the magnesium alloy is greatly improved due to the activation of other additional slip systems, and the flow stress and elongation vary greatly depending on the temperature. In addition, magnesium alloys exhibit asymmetrical behavior, which is different from tensile and compression behavior. In this study, a jig was developed that can measure the plane deformation behavior on the surface of a material in tensile and compression tests of magnesium alloys in warm temperature. A jig was designed to prevent buckling occurring in the compression test by applying a certain pressure to apply it to the tensile and compression tests. And the tensile and compressive behavior of magnesium at each temperature was investigated with the developed jig and DIC equipment. In each experiment, the strain rate condition was set to a quasi-static strain rate of 0.01/s. The transformation temperature is room temperature, 100℃. 150℃, 200℃, 250℃. As a result of the experiment, the flow stress tended to decrease as the temperature increased. The maximum stress decreased by 60% at 250 degrees compared to room temperature. Particularly, work softening occurred above 150 degrees, which is the recrystallization temperature of the magnesium alloy. The elongation also tended to increase as the deformation temperature increased and increased by 60% at 250 degrees compared to room temperature. In the compression experiment, it was confirmed that the maximum stress decreased as the temperature increased.

• Journal of the Korean Geosynthetics Society
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• v.23 no.2
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• pp.9-17
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• 2024

When constructing on soft ground, managing ground settlement and safety is crucial. However, there often exists a significant disparity between the actual behavior of the ground and the design plans. In this study, we aimed to compare and analyze the difference between the predicted settlement based on theoretical formulas and the measured settlement during construction, in order to predict settlement. For this purpose, we analyzed settlement data from 18 construction sites. The results indicated that the back analysis settlement values were similar to the measured settlement values, whereas the design settlement values were significantly higher compared to the measured settlement values. Specifically, the design settlement values were 1.2 to 1.4 times higher than those derived from back analysis using measured values. The RMSE analysis revealed a value of 0.6212m for the design settlement and 0.1697m for the back analysis settlement. The difference between the back analysis settlement and the measured settlement was more than 70% lower than the difference between the design settlement and the measured settlement. This indicates that the back analysis settlement values exhibit lower error rates compared to the design settlement values.

• Journal of Korean Society of Steel Construction
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• v.25 no.1
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• pp.81-92
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• 2013

The objective of conventional seismic design is to ensure an acceptable safety level while avoiding catastrophic failures of structures and loss of life. Over the last many years, a large amount of research has been devoted into developing effective earthquake resistant systems in order to raise the seismic performance level of structures. The purpose of this study is to propose a new damping system, which realize not only increasing seismic performance but also easy repairing after an earthquake. The proposed damping system is slit in the bottom of wall with damping devices installed in the slit horizontally aiming to dissipate energy during earthquakes. Cyclic loading tests were conducted to investigate hysteretic behavior and energy dissipation capacity. Test results show that the proposed systems exhibit a stable hysteretic response and the energy dissipation in this system is concentrated on the damping devices.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.28 no.12
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• pp.1914-1922
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• 2004

This paper provides a comprehensive study of optimum design of a helicopter tailrotor driveshaft made of the flexible matrix composites (FMCs). Since the driveshaft transmits power while subjected to large bending deformation due to aerodynamic loadings, the FMCs can be ideal for enhancing the drivetrain performance by absorbing the lateral deformation without shaft segmentation. However, the increased lateral flexibility and high internal damping of the FMCs may induce whirling instability at supercritical operating conditions. Thus, the purpose of optimization in this paper is to find a set of tailored FMC parameters that compromise between the lateral flexibility and the whirling stability while satisfying several criteria such as torsional buckling safety and the maximum shaft temperature at steadystate conditions. At first, the drivetrain was modeled based on the finite element method and the classical laminate theory with complex modulus approach. Then, an objective function was defined as a combination of an allowable bending deformation and external damping and a genetic algorithm was applied to search for an optimum set with respect to ply angles and stack sequences. Results show that an optimum laminate consists of two groups of layers: (i) one has ply angles well below 45$^{\circ}$ and the other far above 45$^{\circ}$ and (ii) the number of layers with low ply angles is much bigger than that with high ply angles. It is also found that a thick FMC shaft is desirable for both lateral flexibility and whirling stability. The genetic algorithm was effective in converging to several local optimums, whose laminates exhibit similar patterns as mentioned above.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.3 no.1 s.4
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• pp.13-19
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• 2004

The VCO(Voltage Controlled Oscillator) with low phase noise and high reliability is implemented using nonlinear design, and its phase noise characteristics are compared with that of Lesson's equation. The microstripline coupled with dielectric resonator is realized as a high impedance inverter to improve the phase noise, and the qualify factor of resonator circuit can be transferred to active device with the enhanced the loaded quality factor. The worst case and part stress analyses are achieved to obtain the high reliability of VCO. The developed VCO has the oscillating tuning factor of 0.56MHz/V for the control voltage range of 0$\~$12V This VCO requires the DC power of 160mW. The phase noise characteristics exhibit good performances of -96.51dBc/Hz @ 10KHz and -116.3dBc/Hz @ 100KHz, respectively. And, the output power of 7.33 dBm is measured.

• Smart Structures and Systems
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• v.22 no.5
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• pp.495-508
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• 2018

Shape memory alloys (SMAs) exhibit superelasticity given the ambient temperature is above the austenite finish temperature threshold, the magnitude of which significantly depends on the metal ingredients though. For the monocrystalline CuAlBe SMAs, their superelasticity was found being maintained even when the ambient temperature is down to $-40^{\circ}C$. Thus this makes such SMAs particularly favorable for outdoor seismic applications, such as the framed structures located in cold regions with substantial temperature oscillation. Due to the thermo-mechanical coupling mechanism, the hysteretic properties of SMAs vary with temperature change, primarily including altered material strength and different damping. Thus, this study adopted the monocrystalline CuAlBe SMAs as the kernel component of the SMA braces. To quantify the seismic response characteristics at various temperatures, a wide temperature range from -40 to $40^{\circ}C$ are considered. The middle temperature, $0^{\circ}C$, is artificially selected to be the reference temperature in the performance comparisons, as well the corresponding material properties are used in the seismic design procedure. Both single-degree-of-freedom systems and a six-story braced frame were numerically analyzed by subjecting them to a suite of earthquake ground motions corresponding to the design basis hazard level. To the frame structures, the analytical results show that temperature variation generates minor influence on deformation and energy demands, whereas low temperatures help to reduce acceleration demands. Further, attributed to the excellent superelasticity of the monocrystalline CuAlBe SMAs, the frames successfully maintain recentering capability without leaving residual deformation upon considered earthquakes, even when the temperature is down to $-40^{\circ}C$.

• Journal of the Korean Institute of Landscape Architecture
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• v.30 no.4
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• pp.82-91
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• 2002

The site for this plan is located at the foot of Mt. Unseo at Galcheon-ri, Changsu-myon, Youngdeok-gun. On the site stands Jangyutsa Temple, built by priest Naong in 1355 (in the 4th year of King Gongmin during Koryo Kingdom). The purpose of this plan is to widely publicize and commemorate priest Naong by designing a district centering around the temple. The basic directions of design can be summarized as follows 1) A special Buddhists'pilgrimage and sight-seeing district aimed at commemorating priest Naong will be developed to preserve the historic figure of priest Naong. To this end, a facility will be built to collect, preserve and exhibit materials related with the great priest in order to preserve his legacy and enhance the image of the space. 2) Special fractions which are rare in other districts will be introduced to create an image different from the conventional memorial districts or sight-seeing zones. To this end, the district will be divided into the Jangyuksa Temple area proper and a district memorial area, each of which will have its own unique characteristics with different functions. On the other hand, the two different areas will be related with each other and complemented by each other. Such planning techniques as articulation and superimposition will be used for a synergistic effect. 3) The plan will accommodate various programs centering around historical and cultural assets, and at the same time will allow tourists to have various experiences and access to the natural environment as well as to a variety of events. 4) In order to plan such landscapes as shown in the traditional mountain temples, the traditional tectonic forms will be used for the facilities. It is expected that the district surrounding Jangyuksa Temple will become a popular sight-seeing destination, and with new historical and cultural environments will become a valuable resource to widely publicize the culture of Youngdeok-gun.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.18 no.4 s.119
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• pp.398-407
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• 2007

In this paper we proposed the tag antenna with a low performance distortion from an attached surface material using the asymmetric dual-arm dipole antenna(ADDA) structure. The tag is designed to exhibit low performance changes when the tag is attached on a target object(the medical litter receptacle, ${\varepsilon}_r=1.7,\;tan\;{\delta}=0.002$). Detail design parameters for the proposed antenna are optimized to maintain a good readable range in free-space as well as on a target object. The size of the optimized antenna is $100\;mm{\times}50\;mm$. The antenna shows the matching bandwidth($S_{11}$< -10 dB) of 3.7 % and the radiation efficiency of 80 % at the operating frequency. Finally we confirmed the readable range of the tag antenna by measurement and it shows about 5.3 m in free space and 5.5 m on the target object.