• 한국경영과학회지
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• 제38권4호
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• pp.35-52
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• 2013

Markowitz's portfolio selection model is used to construct an optimal portfolio which has minimum variance, while satisfying a minimum required expected return. The model uses estimators based on analysis of historical data to estimate the returns, standard deviations, and correlation coefficients of individual stocks being considered for investment. However, due to the inaccuracies involved in estimations, the true optimality of a portfolio constructed using the model is questionable. To investigate the effect of estimation inaccuracy on actual portfolio performance, we study the changes in a portfolio's realized return and standard deviation as the accuracy of the estimations for each stock's return, standard deviation, and correlation coefficient is increased. Furthermore, we empirically analyze the portfolio's performance by comparing it with the performance of active mutual funds that are being traded in the Korean stock market and the KOSPI benchmark index, in terms of portfolio returns, standard deviations of returns, and Sharpe ratios. Our results suggest that, among the three input parameters, the accuracy of the estimated returns of individual stocks has the largest effect on performance, while the accuracy of the estimates of the standard deviation of each stock's returns and the correlation coefficient between different stocks have smaller effects. In addition, it is shown that even a small increase in the accuracy of the estimated return of individual stocks improves the portfolio's performance substantially, suggesting that Markowitz's model can be more effectively applied in real-life investments with just an incremental effort to increase estimation accuracy.

• 대한기계학회논문집A
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• 제37권10호
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• pp.1229-1237
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• 2013

본 연구에서는 증분소성이론에 기초한 구형압입이론을 크리프 물성을 평가하기 위한 압입이론으로 확장했다. 먼저 크리프변형률 기울기가 일정한 지점을 유효 응력-변형률속도 최적 관측지점으로 선정했다. 구형압입시험 전산모사를 이용해 크리프 지수와 계수를 변화시켜 가면서 이에 따른 재료의 거동을 무차원 변수들 (${\xi}$, ${\psi}$)의 회귀식으로 표현해 크리프 물성평가를 위한 새로운 수치 접근법을 구축했다. 이를 토대로 구형압입시험으로부터 재료의 크리프지수 및 계수를 예측하는 물성평가 프로그램을 개발했다. 압입 하중-변위 곡선으로부터 크리프지수는 평균 1.5%, 크리프계수는 평균 1.0% 이내의 오차범위에서 물성치들을 얻을 수 있다.

• 한국항공우주학회지
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• 제44권6호
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• pp.537-543
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• 2016

KF-16의 1/33 축소 모형 공력 데이터베이스를 기반으로 풍동실험에 적응적 실험설계법을 적용하는 경우 실험의 정확도뿐만 아니라 풍동 실험에 소요되는 비용을 최소화할 수 있도록 추가 실험점 선택 방법에 대한 연구를 수행하였다. 라틴방격법을 이용하여 초기실험점을 선택하였고, Gaussian Process를 통해 불확실성이 가장 크면서도 실험에 소요되는 비용이 상대적으로 적은 추가 실험점을 선택하였다. 공력계수 모델링은 가장 비선형성이 큰 피칭모멘트계수를 정확히 모델링 하는 것을 목표로 하였다. 실험 비용을 고려한 적응적 실험설계법을 적용한 경우, 기존의 적응적 실험설계 방법론에 비해 모델의 정확도와 실험에 소요되는 비용에 어떤 영향을 미치는지 알아보았다.

• 한국정보과학회논문지:데이타베이스
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• 제32권2호
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• pp.151-160
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• 2005

웹 문서들은 빈번하게 생성, 소멸, 변경을 반복하고 있으며, 웹 데이타베이스는 최신의 웹 상태를 반영하여야 한다. 웹 데이타베이스의 효과적인 갱신 전략 수립을 위하여 실제 웹의 변화 성향을 파악하는 일은 매우 중요하다. 웰의 변화를 관찰한 연구들이 다양하게 발표되고 있으나 기존의 연구들은 웹 문서의 내용 변경에 주된 초점이 맞추어 있고 웹 문서의 생성과 소멸에 대한 결과가 부족하였다. 본 논문에서는 쇌 문서의 변화를 표현할 수 있는 척도로서 URL의 '다운로드 성공률', '변경률', '나이 변이 계수'를 소개하고, 한국의 유명 사이트 집합과 임의(random) 사이트 집합에서 발견된 300만 개의 URL들이 2 일 주기로 100일 동안 관찰한다. 본 논문에서는 '다운로드 성공률'과 '변경률'의 분포를 통해 웰 문서의 다운로드 성공과 변경이 과거 기록과 밀접한 연관이 있음을 발견하였으며, 과거 기록을 이용하여 향후 웹 문서의 다운로드 성공과 변경을 예측할 수 있는 모델을 제안한다. 또한, '나이 변이 계수'를 통해 웹 문서들이 얼마나 비주기적으로 변경되는가를 보고한다.

• Structural Engineering and Mechanics
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• 제48권6호
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• pp.833-848
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• 2013

Nine rectangular-section of High Strength Concrete(HSC) beams were designed and casted based on the American Concrete Institute (ACI) code provisons with varying of tensile reinforcement ratio as (${\rho}_{min}$, $0.2_{{\rho}b}$, $0.3_{{\rho}b}$, $0.4_{{\rho}b}$, $0.5_{{\rho}b}$, $0.75_{{\rho}b}$, $0.85_{{\rho}b}$, $_{{\rho}b}$, $1.2_{{\rho}b}$). Steel and concrete strains and deflections were measured at different points of the beam's length for every incremental load up to failure. The ductility ratios were calculated and the moment-curvature and load-deflection curves were drawn. The results showed that the ductility ratio reduced to less than 2 when the tensile reinforcement ratio increased to $0.5_{{\rho}b}$. Comparison of the theoretical ductility coefficient from CSA94, NZS95 and ACI with the experimental ones shows that the three mentioned codes exhibit conservative values for low reinforced HSC beams. For over-reinforced HSC beams, only the CSA94 provision is more valid. ACI bending provision is 10 percent conservative for assessing of ultimate bending moment in low-reinforced HSC section while its results are valid for over-reinforced HSC sections. The ACI code provision is non-conservative for the modulus of rupture and needs to be reviewed.

• 대한기계학회논문집
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• 제12권2호
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• pp.231-240
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• 1988

본 연구에서는 외압을 받는 공기윤활 저어널 베어링의 정적인 경우에 대해 증분법과 유한요소법을 적용하고 유량계수는 실험을 근거로 하여 포켓에서 베어링 내부로 유입될 때의 유압손실을 고려한 Pink와 Stout의 값을 이용하였다.

• 대한기계학회논문집A
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• 제22권2호
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• pp.268-277
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• 1998

The numerical procedure for calculating non-uniform residual stress fields by using relieved strain data from incremental hole drilling method is presented. Finite element calculations are described to evaluate the relieved coefficients required for the determination of residual stresses. From the results of simulations it is found that this numerical method is well adopted to measuring non-uniform residual stress in the hole depth range of 0.8 times of the hole diameter from the surface. In order to examine the practicability of this method, the hole drilling procedure for the four point bending test is performed. This method is applied to the measurement of residual stresses in the cold-rolled steel pipe. It is shown that the magnitude of residual stress in the pipe is not negligible when compared with yield stress and the residual stress should be duly considered in designing structures with this pipes.

• Steel and Composite Structures
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• 제15권5호
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• pp.481-505
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• 2013

This paper focuses on thermal post-buckling analysis of functionally graded beams with temperature dependent physical properties by using the total Lagrangian Timoshenko beam element approximation. Material properties of the beam change in the thickness direction according to a power-law function. The beam is clamped at both ends. In the case of beams with immovable ends, temperature rise causes compressible forces and therefore buckling and post-buckling phenomena occurs. It is known that post-buckling problems are geometrically nonlinear problems. Also, the material properties (Young's modulus, coefficient of thermal expansion, yield stress) are temperature dependent: That is the coefficients of the governing equations are not constant in this study. This situation suggests the physical nonlinearity of the problem. Hence, the considered problem is both geometrically and physically nonlinear. The considered highly non-linear problem is solved considering full geometric non-linearity by using incremental displacement-based finite element method in conjunction with Newton-Raphson iteration method. In this study, the differences between temperature dependent and independent physical properties are investigated for functionally graded beams in detail in post-buckling case. With the effects of material gradient property and thermal load, the relationships between deflections, critical buckling temperature and maximum stresses of the beams are illustrated in detail in post-buckling case.

• Structural Engineering and Mechanics
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• 제44권1호
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• pp.109-125
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• 2012

Post-buckling behavior of Timoshenko beams subjected to uniform temperature rising with temperature dependent physical properties are studied in this paper by using the total Lagrangian Timoshenko beam element approximation. The beam is clamped at both ends. In the case of beams with immovable ends, temperature rise causes compressible forces end therefore buckling and post-buckling phenomena occurs. It is known that post-buckling problems are geometrically nonlinear problems. Also, the material properties (Young's modulus, coefficient of thermal expansion, yield stress) are temperature dependent: That is the coefficients of the governing equations are not constant in this study. This situation suggests the physical nonlinearity of the problem. Hence, the considered problem is both geometrically and physically nonlinear. The considered highly non-linear problem is solved considering full geometric non-linearity by using incremental displacement-based finite element method in conjunction with Newton-Raphson iteration method. The beams considered in numerical examples are made of Austenitic Stainless Steel (316). The convergence studies are made. In this study, the difference between temperature dependent and independent physical properties are investigated in detail in post-buckling case. The relationships between deflections, thermal post-buckling configuration, critical buckling temperature, maximum stresses of the beams and temperature rising are illustrated in detail in post-buckling case.

• Journal of Welding and Joining
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• 제16권2호
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• pp.111-121
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• 1998

It is well recognized that a excessive temperature gradient from the junction of head to skirt in axial direction in a hot pressure vessel can cause unpredicted high thermal stress at the junction and/or in axial direction of a skirt. this thermal stress resulting from axial thermal gradient may be a major cause of unsoundness of structural integrity. In case of cyclic operation of hot pressure vessels, the thermal stress becomes one of the primary design consideration because of the possibility of fracture as a result of cyclic thermal fatigue and progressively incremental plastic deformation. To perform thermal stress analysis of the junction and cylindrical skirt of a vessel, or, at least, to inspect quantitatively the magnitude and effect of thermal stress, the temperature profile of the vessel and skirt must be known. This paper demonstrated the temperature distribution and thermal stress analysis for the junction of skirt to head using F.E. analysis. Effect of air pocket in crotch space was quantitatively investigated to minimize the temperature gradient causing the thermal stress in axial direction. Effect of the skirt height on thermal stresses was also studied. Analysis results were compared with theoretical formulas to verify th applicability to the strength calculation in design field.