• KDI Journal of Economic Policy
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• v.44 no.3
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• pp.1-26
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• 2022

This paper analyzes the effects of the cut in the legal maximum interest rate (from 27.4% to 24%) that occurred in February of 2018 on loan interest rates, the default rates, and the loan approval rate of borrowers in the non-banking sector. We use the difference-in-difference identification strategy to estimate the effect of the cut in the legal maximum interest rate using micro-level data from a major credit-rating company. The legal maximum rate cut significantly lowers the loan interest rate and default rate of low-credit borrowers (i.e., high-credit-risk borrowers) in the non-banking sector. However, this effect is limited to borrowers who have not been excluded from the market despite the legal maximum interest rate cut. The loan approval rate of low-credit borrowers decreased significantly after the legal maximum interest rate cut. Meanwhile, the loan approval rate of high-credit and medium-credit (i.e., low credit risk and medium credit risk) borrowers increased. This implies that financial institutions in the non-banking sector should reduce the loan supply to low-credit borrowers who are no longer profitable while increasing the loan supply to high- and medium-credit borrowers.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• v.8 no.5
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• pp.63-69
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• 1999

In tis study the effects of the maximum grit depth of cut on the grinding characteristics were investigated. They are AE signals produced during grinding processes have been studied to find out the appropriate AE parameters for assessing grinding processes. SM45C steel has been ground under the conditions yielding removal rate of workpiece 100, 200,300, and 400m{{{{ {m }^{3 } }}}}/min which was achieved by altering workpiece velocity(v) and apparent depth of cut(Z). According to the experimental result the value of surface roughness increases but grinding power energy rate of AE signal(AErmas2) and specific grinding energy consumed decrease as increasing the maximum grit depth of cut.

• Proceedings of the Korean Society of Machine Tool Engineers Conference
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• 1999.05a
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• pp.15-20
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• 1999

In this study, the effects of the maximum grit depth of cut on the grinding characteristics were investigated. And AE signals produced during grinding processes have been studied to find out the appropriate AE parameters for assessing grinding processes. S45C steel has been ground under the conditions yielding removal rate of workpiece, 100, 200, 300 and 400rnm$^3$/min which was achived by altering workpiece velocity($\upsilon$) and apparent depth of cut(Z). According to the experimental results, the value of surface roughness increases but grinding power, energy rate of AE signal(AErms$^2$) and specific grinding energy consumed decrease with increase of the maximum grit depth of cut.

• Journal of Astronomy and Space Sciences
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• v.23 no.2
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• pp.117-126
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• 2006

The Diurnal variation of galactic cosmic ray (GCR) flux intensity observed by the ground Neutron Monitor (NM) shows a sinusoidal pattern with the amplitude of $1{\sim}2%$ of daily mean. We carried out a statistical study on tendencies of the local times of GCR intensity daily maximum aad minimum. To test the influences of the solar activity and the location (cut-off rigidity) on the distribution in the local times of maximum and minimum GCR intensity, we have examined the data of 1996 (solar minimum) and 2000 (solar maximum) at the low-latitude Haleakala (latitude: 20.72 N, cut-off rigidity: 12.91 GeV) and the high-latitude Oulu (latitude: 65.05 N, cut-off rigidity: 0.81 GeV) NM stations. The most frequent local times of the GCR intensity daily maximum and minimum come later about $2{\sim}3$ hours in the solar activity maximum year 2000 than in the solar activity minimum you 1996. Oulu NM station whose cut-off rigidity is smaller has the most frequent local times of the GCR intensity maximum and minimum later by $2{\sim}3$ hours from those of Haleakala station. This feature is more evident at the solar maximum. The phase of the daily variation in GCR is dependent upon the interplanetary magnetic field varying with the solar activity and the cut-off rigidity varying with the geographic latitude.

• Journal of the Korean Society for Precision Engineering
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• v.12 no.6
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• pp.112-119
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• 1995

Early fracture and cutting force of ceramic tool for hardened STC3 steel was investigated in this study. It was found that early fracture of ceramic tool was mostly occurred before normal wear was progressed beyond a critical cutting speed and normal wear was performed under the critical cutting speed. The relationships among critical cutting speed, which was a cause of early fracture, suggested cutting cross section, that is, maximum thickness of cut and width of cut, and cutting force were examined. The following conclusions were obtained: (1)Critical cutting speed showed a high value in the case of small maximum thickness of cut and large nose radius, but was not influenced by width of cut, (2)Principal, feed and radial force, respectively, showed the proportional value to constant cutting area, width of cut and maximum thickness of cut orderly, (3)Occurrence of early fracture was dependent upon radial force.

• Journal of Korean Institute of Industrial Engineers
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• v.25 no.2
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• pp.184-191
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• 1999

The k most vital arcs (k-MVA) of a maximum flow problem is defined as those k arcs whose simultaneous removal from the network causes the greatest decrease in the throughput capability of the remaining system between a specified pair of nodes. In this study, we present a method for determining all the k-MVA in maximum flow problem using a minimal cardinality cut algorithm and k-th minimal cut ranking algorithm. For ranking cardinality cuts, we use Hamacher's ranking algorithm for cut capacity and by comparing present residual capacity of cardinality cut with expected residual capacity of next cardinality cut, we also present termination condition for this algorithm. While the previous methods cannot find all the alternatives for this problem, a method presented here has advantage of determining all the k-MVA.

• Proceedings of the Korean Radioactive Waste Society Conference
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• 2017.10a
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• pp.189-190
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• 2017

For the concept design of the device, a tool was made to test the simulated fuel rods and cutting force and the cutting force was measured. When 2-CUT and 3-CUT modules were used, the maximum force in 2-CUT at 12.5 mm/s speed change was $197.5kg_f$ and the maximum force at 3-CUT was $363.2kg_f$. The change of force in 2-CUT rapidly increases from about 1 second, and you can see that there are increase and decrease of the force change from about 5 seconds to 18 seconds, and it was rapidly decreased and the cut was made. The force change in 3-CUT has higher force at about 5 seconds later than 2-CUT at the speed of 12.5 mm/s, and you can see that it has the same tendency afterwards. If you search for the force at adequate speed from this cutting force test, 2-CUT module requires less slitting force than 3-CUT module, and the cutting time for 250 mm at 12.5 mm/s was 21 seconds, which can cut 4 m fuel rod in 5 minutes. But, there are cases of not completely slitting with 2-CUT module, so it is necessary to supplement this in the future through experiments.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.40 no.5
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• pp.423-430
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• 2012

In this paper, the effect of wrinkling on the cut propagation direction of thin membrane was studied using geometrically nonlinear shell element post-buckling analysis. In the analysis, rectangular tensile membrane configuration with a slanted center cut was considered. The cut propagation direction was predicted by maximum energy release rate method, $K_{II}$-zero method, and maximum tangential stress method. The cut propagation angle and the $J$-integral values were calculated for the wrinkled and unwrinkled cases and the results were compared. Various initial cut orientation angles were considered and the effect on the propagation direction was studied. The cut propagation paths were also predicted by virtual cut extension approach.

• Management Science and Financial Engineering
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• v.14 no.1
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• pp.87-90
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• 2008

We show that when a max-cut problem is allowed native-weight edges, to decide if the problem has a cut of a positive weight is NP-hard. This implies that there is no polynomial time algorithm which guarantees a cut whose objective value is no less than $1/p(<I>)$ times the optimum for any polynomially computable polynomial p, where denotes the encoding length of an instance I.