• Title/Summary/Keyword: Expansion Method

Search Result 3,557, Processing Time 0.035 seconds

The Pricing of Accruals Quality with Expected Returns: Vector Autoregression Return Decomposition Approach

  • YIM, Sang-Giun
    • The Journal of Industrial Distribution & Business
    • /
    • v.11 no.3
    • /
    • pp.7-17
    • /
    • 2020
  • Purpose: This study reexamines the test on the pricing of accruals quality. Theory suggests that information risk is a priced risk factor. Using accruals quality as the proxy for information risk, researchers have tested the pricing of information risk. The results are inconsistent potentially because of the information shock in the realized returns that are used as the proxy for expected returns. Based on this argument, this study revisits this issue excluding information-shock-free measure of expected returns. Research design, data and methodology: This study estimates expected returns using the vector autoregression model. This method extracts information shocks more thoroughly than the methods in prior studies; therefore, the concern regarding information shock is minimized. As risk premiums are larger in recession periods than in expansion periods, recession and expansion subsamples were used to confirm the robustness of the main findings. For the pricing test, this study uses two-stage cross-sectional regression. Results: Empirical results find evidence that accruals quality is a priced risk factor. Furthermore, this study finds that the pricing of accruals quality is observed only in recession periods. Conclusions: This study supports the argument that accruals quality, as well as the pricing of information risk, is a priced risk factor.

Fragile-X Mental Retardation: Molecular Diagnosis in Argentine Patients

  • Florencia, Giliberto;Irene, Szijan;Veronica, Ferreiro
    • BMB Reports
    • /
    • v.39 no.6
    • /
    • pp.766-773
    • /
    • 2006
  • Fragile-X-syndrome (FXS) is the most common type of inherited cognitive impairment. The underlying molecular alteration consists of a CGG-repeat amplification within the FMR-1 gene. The phenotype is only apparent once a threshold in the number of repeats has been exceeded (full mutation). The aim of this study was to characterize the FMR-1 CGG-repeat status in Argentine patients exhibiting mental retardation. A total of 330 blood samples from patients were analyzed by PCR and Southern blot analysis. Initially, DNA from 78 affected individuals were studied by PCR. Since this method is unable to detect high molecular weight alleles, however, we undertook a second approach using the Southern blotting technique to analyze the CGG repeat number and methylation status. Southern blot analysis showed an altered pattern in 14 out of 240 (6%) unrelated patients, with half of them presenting a mosaic pattern. Eight out of 17 families (47%) showed a (suggest deleting highlight). The characteristic FXS pattern was identified in 8/17 families (47%), and in 4 of these families 25% of the individuals presented with a mosaic model. The expansion from pre-mutation to full mutation was shown to occur both at the pre and post zygotic levels. The detection of FXS mutations has allowed us to offer more informed genetic counseling, prenatal diagnosis and reliable patient follow-up.

Shrinkage rate and Structure analysis of IV according to Thermal deterioration (열열화 온도에 따른 IV의 수축률 및 조직분석)

  • Choi, Chung-Seog;Kim, Hyung-Rae;Song, Kil-Mok;Kim, Hyang-Kon;Kim, Dong-Ook;Kim, Dong-Woo
    • Proceedings of the KIEE Conference
    • /
    • 2002.07c
    • /
    • pp.1416-1418
    • /
    • 2002
  • In order to examine the thermal properties of the wire materials, we analyzed the shrinkage, the expansion and the form transformation, the surface structure according to the thermal deterioration temperature through the testing method for a heating shrinkage of Korean Industrial Standard(KS C 3004). For IV(600V grade polyvinyl chloride insulated wires), we measured the shrinkage and the expansion rate, analyzed the surface structure using SEM(Scanning Electron Microscope). In the result of this experiment, the shrinkage rate of IV 2.0mm covering was high in comparison with other wires. As the deterioration temperature rises gradually, the covering is molten and harden.

  • PDF

A study on the improvement of the thermal expansion formula of the insulating oil in electric facilities (전력설비 절연유 열팽창 계산식 개선에 관한 연구)

  • Rim, Seong-Hwang;Moon, Bong-Soo
    • Proceedings of the KIEE Conference
    • /
    • 2001.11b
    • /
    • pp.153-156
    • /
    • 2001
  • The transformer and the OF cable are cooled and insulated by insulating oils in their body. The insulating oil expands or contracts with the heat transfer according to the operating conditions of the electric facilities. So we install the $N_2$ gas tank connected with the insulating oil system to overcome the change. The change of the insulating oil volume for the operation temperature range must be calculated to decide the $N_2$ gas volume and to set the alarm point for safe operation. It is known that this change is proportional to the temperature change and to the insulating oil volume if the temperature change is small enough.[1][11] However this proportional formula has been accepted generally in the design of electric facilities for wide operation temperature range such as $40^{\circ}C{\sim}125^{\circ}C$. Hence, it makes large errors in calculation which car result in serious damage against safe operation of the electric facilities. This paper presents a improved method of calculating the accurate change of the insulating oil volume to insure the safe operation of electric facilities.

  • PDF

An Analysis of Various Factors that Determines the Size of Electric Room(22.9Kv class) (전기실의 면적을 결정하는 제 요소의 분석(22.9Kv class))

  • Eo, Ik-Soo
    • Proceedings of the KIEE Conference
    • /
    • 2001.07a
    • /
    • pp.443-445
    • /
    • 2001
  • As the new large buildings are continuously being built with the advanced technology and skills, an adequate size of electric room needs to be obtained so that engineers establish an efficient and reliable system in the electric room. Considering the current capacity, its expansion and its connecting system, the final size of it should be determined in order to bring an effective use of the building. Usually the extension of electricity capacity is on the increase after construction and it comes from the lack of scientific evaluation on the electric room. Later when the expansion of computer and important electric equipment that needs much capacity is impossible, it will cause a great deal of damage to the renting business of the building as well as becomes the unstable factors of the whole system. Therefore, it is important to have the exact method of calculating the effective size of electric room, the heart of the building, especially when the value of land price is very high. In addition, it should be calculated in an accurate way due to the diversification of the system and the compact size of the electricity equipment. However, the research on this area and the comparison and evaluation of the size after construction have not been made enough and the results of them have not been applied when calculating a new size of electric room. Accordingly, this study examines three methods prescribed in the standards of electricity installation technology through case analysis and suggests substantial data by system, capacity, and purpose.

  • PDF

Service life prediction of rubber seal materials for immersion tunnel by accelerated thermal degradation tests (가속 열 노화시험을 이용한 침매터널용 고무 씰 소재의 사용수명 예측)

  • Park, Joon-Hyung;Park, Kwang-Hwa;Park, Hyeong-Geun;Kwon, Young-Il;Kim, Jong-Ho;Sung, Il-Kyung
    • Journal of Applied Reliability
    • /
    • v.9 no.4
    • /
    • pp.275-290
    • /
    • 2009
  • This paper considers accelerated thermal degradation tests which are performed for rubber seal materials used for undersea tunnels constructed by immersion method. Three types of rubber seals are tested; rubber expansion seal, omega seal, and shock absorber hose. Main ingredient of rubber expansion seal is EPDM(Ethylene Propylene Diene Monomer) and that of both omega seal and shock absorber hose is SBR(Styrene Butadiene Rubber). The accelerated stress is temperature and an Arrhenius model is introduced to describe the relationship between the lifetime and the stress. From the accelerated degradation tests, dominant failure mode of the rubber seals is found to be the loss of elongation. The lifetime distribution and the service life of the rubber seals at use condition are estimated from the test results. The acceleration factor for three types of rubber seals are also investigated.

  • PDF

Performance Analysis of Refrigeration System Using the CFC-Alternative and Scroll Compressor (CFC-대체냉매와 스크롤압축기를 사용한 냉동시스템 성능해석)

  • Pak, H.Y.;Park, K.W.
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
    • /
    • v.7 no.3
    • /
    • pp.366-381
    • /
    • 1995
  • A performance analysis of refrigeration system using the HFC-134a and scroll compressor is performed numerically. The refrigeration system mainly consists of various standard components such as heat exchanger, compressor, and expansion device. The model for heat exchanger performance is based on a tube-by-tube method which is analyzed separately by considering the cross-flow heat transfer with the outdoor air flow and pressure drop. Compressor is used the scroll-type compressor which has many merits such as high efficiency, low noise and vibration, and small in size. Short-tube is included as an expansion device. Vapour and liquid line are also considered for the performance analysis of refrigeration system. Using the modeling of various components of refrigeration system, a performance comparison of CFC-12 and HFC-134a is performed numerically for the various outdoor air temperature and various values of short-tube diameter. As the results of this study, the refrigeration system performance decreases as the outdoor air temperature increases. And the optimum short-tube diameter based on COP is 1.37mm for this system.

  • PDF

Design and Implementation of “Concept Wizard” Supporting Query Formulation with Concept Term Expansion (개념 검색어 확장을 통해 질의 형식화를 도와주는 “개념 마법사”의 설계 및 구현)

  • Kang, Hyun-Kyu
    • The KIPS Transactions:PartB
    • /
    • v.9B no.4
    • /
    • pp.437-444
    • /
    • 2002
  • There are some important that development of tools to retrieve information by simple operation in large of nave users in the world wide web. In general, query formulation method and operators are variety, not easy to formulate query in information retrieval system or web based retrieval engine. In this paper, we propose "Concept Wizard" to support query formulation with concept term expansion in natural language query information retrieval system. The Concept Wizard are interactively supporting query formulation using thesaurus and Providing plug-in on the web.

Congestion Analysis in the Inner Harbour of Ulsan Using a Scenario (시나리오를 이용한 울산 내항의 혼잡 분석)

  • Ha, Chang-Seung;Baek, Ih-Huhm
    • Journal of Fisheries and Marine Sciences Education
    • /
    • v.19 no.2
    • /
    • pp.278-287
    • /
    • 2007
  • Since traffic congestion ratio at any given port fluctuates on the number of arriving and departing vessels, the total tonnage of freight volume being handled, and the number of berth in operation and other factors, there exists a need to numerically analyze the waterway traffic volume. However, there are no effective regulations in regards to the waterway traffic analysis prior to expansion of a port facility. The current analysis requires the traffic analysis in relation only to the width of the waterway, which clearly falls short of achieving a comprehensive evaluation study that could be used in consideration of port expansion.This study provides five scenarios to execute a comprehensive evaluation study and base for the sensitivity study by analyzing the scenarios. As a result of the sensitivity analysis, the A, B, and C scenarios varies the average arrival ratio of the berth shows 1.1, 1.19, and 1.28 times of delays respectively. Also, The D and E scenarios take place malfunctions of pier shows 1.21 and 1.53 times of delays respectively. Therefore, various strategies of harbor development and method of harbor management are needed for the flexible correspondence to the environmental changes such as the excessive increasing of the freight volume and often taking place of malfunctioning.

English as an Instructional Medium in Korean Higher Education: Focusing on the Perspectives of Professors

  • Choi, Soo Joung
    • English Language & Literature Teaching
    • /
    • v.18 no.3
    • /
    • pp.25-51
    • /
    • 2012
  • The study explores the way professors working in a private university in Korea perceive the recent English-medium instruction (EMI) frenzy in Korean higher education (HE) and the way they respond to its manifestation at their institution. Working within a qualitative research paradigm (Merriam, 2009), I gathered data primarily via one-time semi-structured interviews with ten participants who have offered or are offering EMI at the time of data collection and used a qualitative data analysis method. The findings illustrate that the professors view external factors residing outside individual universities, such as the college rankings and the university evaluation parameters, as the principal drive behind the current EMI boom in Korean tertiary education. Acknowledging the importance of strengthening the international competitive edge of Korean HE in the global era, the professors perceive the EMI policy positively expecting it to be beneficial for both students and institutions. They, however, problematize the blind acceptance of EMI policy and externally forced EMI expansion movement in Korean HE, which they believe will lower the standard of the academic experience of students. Experiencing first-hand the inadequate manifestation of the EMI policy at their university, the professors claim that a systematic long-term implementation plan and context-suitable approaches should be taken at both the national and institutional level for successful future EMI implementation and expansion efforts.

  • PDF