• Title/Summary/Keyword: Fundamental

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Is There a Stochastic Non-fundamental Trend in Korean Stock Price?: Inference under Transformed Error Correction Model (우리나라 주가에는 펀더멘털과 무관한 비정상 추세가 존재하는가?: 공적분 및 베버리지-넬슨 분해 접근)

  • Kim, Yun-Yeong
    • KDI Journal of Economic Policy
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    • v.35 no.2
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    • pp.107-131
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    • 2013
  • In this paper, we test and estimate the stochastic non-fundamental trend in Korean stock market. For this, following Kim (2011), we exploit that the long-run equilibrium stock price may be decomposed into fundamental and stochastic non-fundamental trends (i.e., the sum of dividend innovations and a part that are orthogonal with the dividend innovations) by using the Beveridge-Nelson decomposition and projections. In this VAR construction, there is an error correction mechanism through which stock prices converge to their long-run equilibrium, which also contain the stated stochastic non-fundamental trend as well as fundamental trend. The estimation and test results using yearly data from the Korea (1976-2012) indicated that fluctuations in stock prices during that period can be explained mainly not by the stochastic non-fundamental trend but by the dividend trend. However, during some periods like after Seoul Olympic Games, we may observe the non-fundamental trend affected to the stock price variation.

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Size sorting of chemically modified graphene nanoplatelets

  • Han, Joong Tark;Jang, Jeong In;Kim, Sung Hun;Jeong, Seung Yol;Jeong, Hee Jin;Lee, Geon-Woong
    • Carbon letters
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    • v.14 no.2
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    • pp.89-93
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    • 2013
  • Size-sorted graphene nanoplatelets are highly desired for fundamental research and technological applications of graphene. Here we show a facile approach for fabricating size-sorted graphene oxide (GO) nanoplatelets by a simple centrifugal method using different dispersion solvents. We found that the small-sized GO nanoplatelets were more effectively separated when dispersed in water or dimethylformamide (DMF) than in an alkali aqueous solution. After several iterations of the centrifugation, the sizes of GO in the supernatant solution were mostly several micrometers. We found that the GO area was not strongly correlated with the C-O content of the GO dispersed in water. However, the size-sorted GO nanoplatelets in DMF showed different C-O content, since DMF can reduce GO nanoplatelets during exfoliation and centrifugation processes.

Fundamental period of infilled RC frame structures with vertical irregularity

  • Asteris, Panagiotis G.;Repapis, Constantinos C.;Foskolos, Filippos;Fotos, Alkis;Tsaris, Athanasios K.
    • Structural Engineering and Mechanics
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    • v.61 no.5
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    • pp.663-674
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    • 2017
  • The determination of the fundamental period of vibration of a structure is essential to earthquake design. Current codes provide formulas for the approximate estimation of the fundamental period of earthquake-resistant building systems. These formulas are dependent only on the height of the structure or number of storeys without taking into account the presence of infill walls into the structure, despite the fact that infill walls increase the stiffness and mass of the structure leading to significant changes in the fundamental period. Furthermore, such a formulation is overly conservative and unable to account for structures with geometric irregularities. In this study, which comprises the companion paper of previous published research by the authors, the effect of the vertical geometric irregularities on the fundamental periods of masonry infilled structures has been investigated, through a large set of infilled frame structure cases. Based on these results, an attempt to quantify the reduction of the fundamental period due to the vertical geometric irregularities has been made through a proposal of properly reduction factor.

Parameters affecting the fundamental period of infilled RC frame structures

  • Asteris, Panagiotis G.;Repapis, Constantinos C.;Tsaris, Athanasios K.;Di Trapani, Fabio;Cavaleri, Liborio
    • Earthquakes and Structures
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    • v.9 no.5
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    • pp.999-1028
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    • 2015
  • Despite the fact that the fundamental period appears to be one of the most critical parameters for the seismic design of structures according to the modal superposition method, the so far available in the literature proposals for its estimation are often conflicting with each other making their use uncertain. Furthermore, the majority of these proposals do not take into account the presence of infills walls into the structure despite the fact that infill walls increase the stiffness and mass of structure leading to significant changes in the fundamental period numerical value. Toward this end, this paper presents a detailed and indepth analytical investigation on the parameters that affect the fundamental period of reinforce concrete structure. The calculated values of the fundamental period are compared against those obtained from the seismic code and equations proposed by various researchers in the literature. From the analysis of the results it has been found that the number of storeys, the span length, the stiffness of the infill wall panels, the location of the soft storeys and the soil type are crucial parameters that influence the fundamental period of RC buildings.

The effect of infill walls on the fundamental period of steel frames by considering soil-structure interaction

  • Kianoosh Kiani;Sayed Mohammad Motovali Emami
    • Earthquakes and Structures
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    • v.26 no.6
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    • pp.417-431
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    • 2024
  • The fundamental period of vibration is one of the most critical parameters in the analysis and design of structures, as it depends on the distribution of stiffness and mass within the structure. Therefore, building codes propose empirical equations based on the observed periods of actual buildings during seismic events and ambient vibration tests. However, despite the fact that infill walls increase the stiffness and mass of the structure, causing significant changes in the fundamental period, most of these equations do not account for the presence of infills walls in the structure. Typically, these equations are dependent on both the structural system type and building height. The different values between the empirical and analytical periods are due to the elimination of non-structural effects in the analytical methods. Therefore, the presence of non-structural elements, such as infill panels, should be carefully considered. Another critical factor influencing the fundamental period is the effect of Soil-Structure Interaction (SSI). Most seismic building design codes generally consider SSI to be beneficial to the structural system under seismic loading, as it increases the fundamental period and leads to higher damping of the system. Recent case studies and postseismic observations suggest that SSI can have detrimental effects, and neglecting its impact could lead to unsafe design, especially for structures located on soft soil. The current research focuses on investigating the effect of infill panels on the fundamental period of moment-resisting and eccentrically braced steel frames while considering the influence of soil-structure interaction. To achieve this, the effects of building height, infill wall stiffness, infill openings and soil structure interactions were studied using 3, 6, 9, 12, 15 and 18-story 3-D frames. These frames were modeled and analyzed using SeismoStruct software. The calculated values of the fundamental period were then compared with those obtained from the proposed equation in the seismic code. The results indicate that changing the number of stories and the soil type significantly affects the fundamental period of structures. Moreover, as the percentage of infill openings increases, the fundamental period of the structure increases almost linearly. Additionally, soil-structure interaction strongly affects the fundamental periods of structures, especially for more flexible soils. This effect is more pronounced when the infill wall stiffness is higher. In conclusion, new equations are proposed for predicting the fundamental periods of Moment Resisting Frame (MRF) and Eccentrically Braced Frame (EBF) buildings. These equations are functions of various parameters, including building height, modulus of elasticity, infill wall thickness, infill wall percentage, and soil types.

ON THE RESIDUAL FINITENESS OF FUNDAMENTAL GROUPS OF GRAPHS OF CERTAIN GROUPS

  • Kim, Goansu
    • Journal of the Korean Mathematical Society
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    • v.41 no.5
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    • pp.913-920
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    • 2004
  • We give a characterization for fundamental groups of graphs of groups amalgamating cyclic edge subgroups to be cyclic subgroup separable if each pair of edge subgroups has a non-trivial intersection. We show that fundamental groups of graphs of abelian groups amalgamating cyclic edge subgroups are cyclic subgroup separable, hence residually finite, if each edge subgroup is isolated in its containing vertex group.

HELICOIDAL SURFACES OF THE THIRD FUNDAMENTAL FORM IN MINKOWSKI 3-SPACE

  • CHOI, MIEKYUNG;YOON, DAE WON
    • Bulletin of the Korean Mathematical Society
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    • v.52 no.5
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    • pp.1569-1578
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    • 2015
  • We study helicoidal surfaces with the non-degenerate third fundamental form in Minkowski 3-space. In particular, we mainly focus on the study of helicoidal surfaces with light-like axis in Minkowski 3-space. As a result, we classify helicoidal surfaces satisfying an equation in terms of the position vector field and the Laplace operator with respect to the third fundamental form on the surface.

FUNDAMENTAL TONE OF COMPLETE WEAKLY STABLE CONSTANT MEAN CURVATURE HYPERSURFACES IN HYPERBOLIC SPACE

  • Min, Sung-Hong
    • Journal of the Chungcheong Mathematical Society
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    • v.34 no.4
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    • pp.369-378
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    • 2021
  • In this paper, we give an upper bound for the fundamental tone of stable constant mean curvature hypersurfaces in hyperbolic space. Let M be an n-dimensional complete non-compact constant mean curvature hypersurface with finite L2-norm of the traceless second fundamental form. If M is weakly stable, then λ1(M) is bounded above by n2 + O(n2+s) for arbitrary s > 0.

X-RAY ASTRONOMY EXPERIMENT ON THE INDIAN SATELLITE IRS-P3

  • AGRAWAL P. C.;PAUL B.;RAO A. R.;SHAH M. R.;MCKERJEE K.;VARIA M. N.;YADAV J. S.;DEDHIA D. K.;MALKAR J. P.;SHAH P.;DAMLE S. V.;MARAR T. M. K.;SEETHA S.
    • Journal of The Korean Astronomical Society
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    • v.29 no.spc1
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    • pp.429-432
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    • 1996
  • An x-ray astronomy experiment consisting of three collimated proportional counters and an X-ray Sky Monitor (XSM) was flown aboard the Indian Satellite IRS-P3 launched on March 21, 1996 from SHAR range in India. The Satellite is in a circular orbit of 830 km altitude with an orbital inclination of $98^{\circ}$ and has three axis stabilized pointing capability. Each pointed-mode Proportional Counter (PPC) is a multilayer, multianode unit filled with P-10 gas ($90\%$ Ar + $10\%\;CH_4$) at 800 torr and having an aluminized mylar window of 25 micron thickness. The three PPCs are identical and have a field of view of $2^{\circ}{\times}2^{\circ}$ defined by silver coated aluminium honeycomb collimators. The total effective area of the three PPCs is about 1200 $cm^2$. The PPCs are sensitive in 2-20 keV band. The XSM consists of a pin-hole of 1 $cm^2$ area placed 16 cm above the anode plane of a 32 cm$\times$32 cm position sensitive proportional counter sensitive in 3-8 keV interval. The position of the x-ray events is determined by charge division technique using nichrome wires as anodes. The principal objective of this experiment is to carry out timing studies of x-ray pulsars, x-ray binaries and other rapidly varying x-ray sources. The XSM will be used to detect transient x-ray sources and monitor intensity of bright x-ray binaries. Observations of black-hole binary Cyg X-1 and few other binary sources were carried out in early May and July-August 1996 period. Details of the x-ray detector characteristics are presented and preliminary results from the observations are discussed.

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