• Title/Summary/Keyword: Non-composite

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Characteristics of Stochastic Volatility in Korean Stock Returns (우리나라 주식수익률의 확률변동성 특성에 관한 연구)

  • Chang, Kook-Hyun
    • The Korean Journal of Financial Management
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    • v.20 no.1
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    • pp.213-231
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    • 2003
  • This paper uses the Efficient Method of Moments(EMM) of Gallant and Tauchen to estimate continuous-time stochastic volatility diffusion model for the Korean Composite Stock Price Index, sampled daily over $1995\sim2002$. The estimates display non-normality of stock index return, leptokurtic distribution, and stochastic volatility. Funker, this study suggests that two factor stochastic volatility model will be more desirable than one factor stochastic volatility model to estimate daily Korean stock return and also suggests that the stochastic volatility diffusions should allow for Poisson jumps of time-varying intensity.

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A Review on Membranes and Catalysts for Anion Exchange Membrane Water Electrolysis Single Cells

  • Cho, Min Kyung;Lim, Ahyoun;Lee, So Young;Kim, Hyoung-Juhn;Yoo, Sung Jong;Sung, Yung-Eun;Park, Hyun S.;Jang, Jong Hyun
    • Journal of Electrochemical Science and Technology
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    • v.8 no.3
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    • pp.183-196
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    • 2017
  • The research efforts directed at advancing water electrolysis technology continue to intensify together with the increasing interest in hydrogen as an alternative source of energy to fossil fuels. Among the various water electrolysis systems reported to date, systems employing a solid polymer electrolyte membrane are known to display both improved safety and efficiency as a result of enhanced separation of products: hydrogen and oxygen. Conducting water electrolysis in an alkaline medium lowers the system cost by allowing non-platinum group metals to be used as catalysts for the complex multi-electron transfer reactions involved in water electrolysis, namely the hydrogen and oxygen evolution reactions (HER and OER, respectively). We briefly review the anion exchange membranes (AEMs) and electrocatalysts developed and applied thus far in alkaline AEM water electrolysis (AEMWE) devices. Testing the developed components in AEMWE cells is a key step in maximizing the device performance since cell performance depends strongly on the structure of the electrodes containing the HER and OER catalysts and the polymer membrane under specific cell operating conditions. In this review, we discuss the properties of reported AEMs that have been used to fabricate membrane-electrode assemblies for AEMWE cells, including membranes based on polysulfone, poly(2,6-dimethyl-p-phylene) oxide, polybenzimidazole, and inorganic composite materials. The activities and stabilities of tertiary metal oxides, metal carbon composites, and ultra-low Pt-loading electrodes toward OER and HER in AEMWE cells are also described.

Yonsei Evolutionary Population Synthesis for Old Stellar Systems

  • Chung, Chul
    • The Bulletin of The Korean Astronomical Society
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    • v.37 no.1
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    • pp.31.2-31.2
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    • 2012
  • We present the Yonsei Evolutionary Population Synthesis (YEPS) models for spectroscopic and photometric evolutions of simple and composite stellar populations. The models are based on the most up-to-date Yonsei-Yale stellar evolutionary tracks and BaSel 3.1 flux libraries, and provide integrated spectroscopic quantities of Lick/IDS system including high-order Balmer absorption-lines. Special care has been taken to incorporate the systematic variation of horizontal branch (HB) morphology as functions of metallicity, age, alpha-element mixture, and helium abundance of simple stellar populations. Our models for normal-helium stellar populations indicate that the realistic modeling of HB and alpha-element brings about 5 Gyr and 0.1 dex differences in age and metallicity estimations, respectively, compared to those without these effects. The HB effect does not depend on the specific choice of stellar libraries and alpha-element enhancements, and this effect is non-negligible even in the metal sensitive absorption indices, such as Mg2 and Mg b. Comparison of the models to observations reveals that the HB and alpha-element effects are critical in understanding otherwise inexplicable phenomena found in globular cluster systems in the Milky Way and nearby galaxies, including the observed bimodality of the line strengths of globular clusters in massive galaxies. In addition, we found that helium-enhanced stellar populations, which are the major sources of extreme HB stars, bring about increased FUV, NUV fluxes, and thus the model colors of those filters become extremely blue. Age dating based on the YEPS model with normal-helium stellar populations reveals that the evidence for 'downsizing' of elliptical galaxies is found not only in the local field but also in Coma cluster, and that the mean age of elliptical galaxies in Coma cluster is about 1.4 Gyr younger than the mean age of those in the local field. We also find that our models with helium-enhanced subpopulations can naturally reproduce the strong UV-upturns observed in giant elliptical galaxies assuming an age similar to that of old GCs in the Milky Way.

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A Dual-Scale Analysis of Macroscopic Resin Flow in Vacuum Assisted Resin Transfer Molding Process (VARTM공정에서의 거시적 수지 유동의 Dual-Scale 분석)

  • 박윤희;강문구;이우일
    • Composites Research
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    • v.15 no.6
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    • pp.1-7
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    • 2002
  • In VARTM process where a sacrificial medium is used to facilitate the resin flow, the velocity of resin varies drastically between the sacrificial medium and the fiber preform. Although the thickness-to-length ratio of a VARTM product is usually small, a 3-D analysis is prerequisite to analyze the lead-lag flow in the two different media. The problem associated with the full 3-D analysis is the CPU time. A full 3-D numerical mesh comprising large number of nodes requires an impractical CPU time on average computer platforms. In this study, a dual-scale analysis technique was developed. The flow analysis for the entire calculation domain was conducted in 2.5-D, and the 3-D analysis was performed for a small area of special concern. In some numerical examples, the local 3-D analysis could discover an eccentric flow pattern as well as the lead-lag flow that will inevitably be neglected in 2.5-D simulations. The global-local analysis technique practiced in this study can be used to analyze the intricate flow of resin through non-uniform media in affordable CPU times.

Experimental Study on the Structural Integrity of Type IV Hydrogen Pressure Vessels Experienced Impact Loadings (충격 하중 조건에서의 Type IV 수소 압력용기 구조건전성 분석)

  • Han, Min-Gu;Jung, Kyung-Chae;Chang, Seung-Hwan
    • Composites Research
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    • v.29 no.2
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    • pp.60-65
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    • 2016
  • In this paper, finite element analysis and real time monitoring experimental work using FBG sensor were carried out for analyzing structural integrity of a Type IV hydrogen pressure vessel under impact loading condition. By using finite element analysis with the ply based modeling technique, sensor insertion points and pressure condition were suggested. Tensile test with an angle ply specimen was conducted for getting the reliability of FBG sensor insertion method. After fabricating the vessel, total five times pressurization fatigue tests were conducted (Non-impact pressurization: 1, After impact pressurization: 4). Experimental results revealed that filling cycle time was gradually increased and filling gradient was decreased when the vessel experienced impact.

Correlation between a Structural Change and a Thermoelectric Performance of a Glassy Carbon Thin Film Induced by Electron Beam Irradiation (전자빔 조사에 의한 유리상 탄소에서의 구조적 변화와 열전 성능의 상관관계)

  • Oh, Inseon;Jo, Junhyeon;An, Ki-Seok;Yoo, Jung-woo
    • Composites Research
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    • v.29 no.4
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    • pp.156-160
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    • 2016
  • Glassy carbon can be utilized in a variety of harsh environment due to exceptional thermal stability and chemically impermeability along with scalability and low electrical resistance. In this work, we studied effects of electron(e)-beam irradiation on thermoelectric properties of the glassy carbon film. E-beam irradiation triggered local crystallization and/or amorphization of glassy carbon thin films, which was determined by a Raman spectroscopy. The structural change by e-beam irradiation leads to the change in the doping level of the glassy carbon, which can be inferred from the change of a Seebeck coefficient and an electric conductivity. The optimal power factor we obtained for the irradiated glassy carbon film was ~200% higher than that of the non-irradiated sample.

The Status of Intellectual Property Rights and Developmental Direction for Brands of Special Rural Products in Korea (지역특산물의 지식재산권 현황 및 브랜드화 발전 방향)

  • Jun, Young-Mi;Ahn, Yoon-Soo;Kim, Mi-Heui;An, Ok-Sun
    • The Korean Journal of Community Living Science
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    • v.17 no.4
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    • pp.113-125
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    • 2006
  • The purpose of this study was to analyze the status of intellectual property rights and developmental direction for brands of special rural products in Korea. The data was derived from 166 special rural products in Korea. The major results of this study were as follows: Enterprises having intellectual property rights above one were Traditional soybean sauce 18(56.2%), Hangwa 15(42.9%), Kimchi 18(43.9%), Traditional tea 20(80%) and Crafted products 10(31.3%), respectively. Enterprises acquiring designation and certification due to national and local autonomous entities over one were Traditional soybean sauce 17(56.7%), Hangwa 23(63.9%), Kimchi 33(80.4%), Traditional tea. 13(52%), and Crafted products 20 (62.5%), respectively. The trademark registration of special rural products was invested with total 62 cases(37.3%) as Traditional soybean sauce 14(43.7%), Hangwa 15(41.7%), Kimchi 17(41.5%), Traditional tea. 12(48%) and Crafted products 4(12.5%). And Patent registration 39 cases(23.5%), design registration 32 cases(14.5%), and utility model registration 5 cases (3.01%) were invested respectively. It was shown that, where the origin of brand names was a proper non 107 were things(53%), 39 were materials(19.3%), 17 were the production method(8.41 %) and 55 were a composite trademark(33.1%).

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Cross Flow Indirect Evaporative Cooler Made of a Plastic Film/Paper Composite (플라스틱 필름/종이 복합 재질의 직교류 간접증발소자)

  • Kim, Nae-Hyun
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.41 no.1
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    • pp.21-28
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    • 2017
  • Indirect evaporative cooling, which utilizes a cooling effect obtained by the evaporation of water, is energy-effective compared to the conventional vapor compression method. It is also eco-friendly, due to the non-usage of CFC refrigerant. In this study, three indirect evaporative cooler samples of the cross flow type(size: $300mm{\times}300mm{\times}300mm$, channel pitch: $5mm{\times}5mm$, $5mm{\times}7mm$, $7mm{\times}7mm$) were made using plastic/paper composites. Tests were conducted to measure indirect evaporative efficiencies and pressure drops. Results showed that the efficiency was the highest for the $5mm{\times}5mm$ sample, owing to the largest surface area. The saved electrical energy was also the greatest for that sample. The pressure drop of the wet channel was larger than that of the dry channel as expected. A theoretical model was proposed, which underestimated both the indirect evaporation efficiency and the pressure drop.

Prediction of the flexural overstrength factor for steel beams using artificial neural network

  • Guneyisi, Esra Mete;D'niell, Mario;Landolfo, Raffaele;Mermerdas, Kasim
    • Steel and Composite Structures
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    • v.17 no.3
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    • pp.215-236
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    • 2014
  • The flexural behaviour of steel beams significantly affects the structural performance of the steel frame structures. In particular, the flexural overstrength (namely the ratio between the maximum bending moment and the plastic bending strength) that steel beams may experience is the key parameter affecting the seismic design of non-dissipative members in moment resisting frames. The aim of this study is to present a new formulation of flexural overstrength factor for steel beams by means of artificial neural network (NN). To achieve this purpose, a total of 141 experimental data samples from available literature have been collected in order to cover different cross-sectional typologies, namely I-H sections, rectangular and square hollow sections (RHS-SHS). Thus, two different data sets for I-H and RHS-SHS steel beams were formed. Nine critical prediction parameters were selected for the former while eight parameters were considered for the latter. These input variables used for the development of the prediction models are representative of the geometric properties of the sections, the mechanical properties of the material and the shear length of the steel beams. The prediction performance of the proposed NN model was also compared with the results obtained using an existing formulation derived from the gene expression modeling. The analysis of the results indicated that the proposed formulation provided a more reliable and accurate prediction capability of beam overstrength.

Influence of porosity distribution on vibration analysis of GPLs-reinforcement sectorial plate

  • Jia, Anqiang;Liu, Haiyan;Ren, Lijian;Yun, Yingxia;Tahouneh, Vahid
    • Steel and Composite Structures
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    • v.35 no.1
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    • pp.111-127
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    • 2020
  • The goal of this study is to fill this apparent gap in the area about investigating the effect of porosity distributions on vibrational behavior of FG sectorial plates resting on a two-parameter elastic foundation. The response of the elastic medium is formulated by the Winkler/Pasternak model. The internal pores and graphene platelets (GPLs) are distributed in the matrix either uniformly or non-uniformly according to three different patterns. The model is proposed with material parameters varying in the thickness of plate to achieve graded distributions in both porosity and nanofillers. The elastic modulus of the nanocomposite is obtained by using Halpin-Tsai micromechanics model. The annular sector plate is assumed to be simply supported in the radial edges while any arbitrary boundary conditions are applied to the other two circular edges including simply supported, clamped and free. The 2-D differential quadrature method as an efficient and accurate numerical approach is used to discretize the governing equations and to implement the boundary conditions. The convergence of the method is demonstrated and to validate the results, comparisons are made between the present results and those reported by well-known references for special cases treated before, have confirmed accuracy and efficiency of the present approach. It is observed that the maximum vibration frequency obtained in the case of symmetric porosity and GPL distribution, while the minimum vibration frequency is obtained using uniform porosity distribution. Results show that for better understanding of mechanical behavior of nanocomposite plates, it is crucial to consider porosities inside the material structure.