• Title/Summary/Keyword: Out of distribution

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Analysis of ASEAN's Stock Returns and/or Volatility Distribution under the Impact of the Chinese EPU: Evidence Based on Conditional Kernel Density Approach

  • Mohib Ur Rahman;Irfan Ullah;Aurang Zeb
    • East Asian Economic Review
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    • v.27 no.1
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    • pp.33-60
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    • 2023
  • This paper analyzes the entire distribution of stock market returns/volatility in five emerging markets (ASEAN5) and figures out the conditional distribution of the CHI_EPU index. The aim is to examine the impact of CHI_EPU on the stock returns/volatility density of ASEAN5 markets. It also examined whether changes in CHI_EPU explain returns at higher or lower points (abnormal returns). This paper models the behaviour of stock returns from March 2011 to June 2018 using a non-parametric conditional density estimation approach. The results indicate that CHI_EPU diminishes stock returns and augments volatility in ASEAN5 markets, except for Malaysia, where it affects stock returns positively. The possible reason for this positive impact is that EPU is not the leading factor reducing Malaysian stock returns; but, other forces, such as dependency on other countries' stock markets and global factors, may have a positive impact on stock returns (Bachmann and Bayer, 2013). Thus, the risk of simultaneous investment in Chinese and ASEAN5 stock markets, except Malaysia, is high. Further, the degree of this influence intensifies at extreme high/low intervals (positive/negative tails). The findings of this study have significant implications for investors, policymakers, market agents, and analysts of ASEAN5.

Relationship between Pattern of Fatigue Crack Surface and Fatigue Crack Growth Behavior under $K_{III}$ Mode-Four Point Shear in Al 5083-O

  • Kim Gun-Ho;Won Young-Jun;Sakakur Keigo;Fujimot Takehiro;Nishioka Toshihisa
    • Journal of Advanced Marine Engineering and Technology
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    • v.30 no.4
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    • pp.474-482
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    • 2006
  • Generally almost all fatigue crack growth is affected by mode I. For this reason a study on mode I has concentrated in the field of fracture mechanics. However the fatigue crack initiation and growth in machines and structures usually occur in mixed mode loading. If there is any relationship between the cause of fracture in mixed mode loading and fracture surface, fracture surface pattern will be the main mean explaining reasons of fatigue fracture and obtaining further information about fracture process. In this paper low point shear-fatigue test with Aluminum alloy hi 5083-O is carried out from this prospect and then the mixed mode distribution of fracture surface is examined from the result after identifying the generation of fatigue crack surface pattern. It was found from the experimental results that the fatigue crack surface pattern and the fatigue crack shear direction are remarkably consistent. Furthermore It is possible that the analysis of distribution of mixed mode through the fatigue crack surface pattern.

Optimization of Heat Transfer Area Distribution for a Hot Water Driven Absorption Chiller (중온수 흡수식 냉동기의 열전달 면적 최적화)

  • 정시영;조광운;이상수
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.12 no.5
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    • pp.431-438
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    • 2000
  • The major irreversibilities in absorption chillers are associated with the transfer of heat into and out from the machine and irreversible process inside the machine. By modeling only external irreversibilities(endo-reversible), a model was formulated to predict the ideal performance of a single-effect absorption chiller. Its actual performance including both external and internal irreversibilities was calculated with a in-house simulation program. The optimization of heat transfer area distribution was performed for both endo-reversible cycle and actual cycle. The equation of endo-reversible modeling was found to give about 2times higher cooling capacity than the simulation program. At optimal distribution, it was found that heat transfer area of the evaporator was about 30% of total area, that of the generator was 20%, and the rest 50% was for the absorber and condenser. The system COP for endo-reversible cycle was slightly higher than that for actual cycle. In the case of LiBr-water single-effect absorption chiller, the maximum cooling capacity was obtained near the condition that LMTD is same at all heat exchangers.

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Application of the Visioplasticity Method to the Axisymmetric Bulk Deformation Processes (축대칭소성가공에 있어서의 변형가시화법의 응용에 대한 연구)

  • Bai, Duck-Han
    • Journal of the Korean Society for Precision Engineering
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    • v.2 no.2
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    • pp.31-42
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    • 1985
  • The metal flow and the strain distribution is investigated for the steady state and non-steady state bulk deformation processes by using an improved visioplasticity method which includes the effective smoothing scheme. The comparison of various smoothing schemes leads to the selection of the five- point least square smoothing method which is employed to reduce the measurement errors. As a steady state forming process experiments are carried out for axisy- mmetric forward extrusion through conical and curved dies of various area reduc- tions using Aluminum and steel billets. Axisymmetric backward extrusion is chosen for a nonsteady state forming process. In axisymmetric forward extrusion the results from visioplasticity show that the curved die of a fourth-order polynomial renders more uniform distribution of strain rates and strains. Higher reduction leads to greater strain rates at the outer side of the billet. The visioplastic observation for axisymmetric backward extrusion as a non-steady state deformation process shows the concentration of higher strain at the inner wall of the extruded product. The visioplastic results in forward extrusion are in agreement with the computed results by the finite element method. It is thus shown that the visio- plasticity combined with a smoothing technique is an effective method to determine the pattern and the distribution of strain rates and strains.

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Determination of Road Image Quality Using Fuzzy-Neural Network (퍼지신경망을 이용한 도로 영상의 양불량 판정)

  • 이운근;백광렬;이준웅
    • Journal of Institute of Control, Robotics and Systems
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    • v.8 no.6
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    • pp.468-476
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    • 2002
  • The confidence of information from image processing depends on the original image quality. Enhancing the confidence by an algorithm has an essential limitation. Especially, road images are exposed to lots of noisy sources, which makes image processing difficult. We, in this paper, propose a FNN (fuzzy-neural network) capable oi deciding the quality of a road image prior to extracting lane-related information. According to the decision by the FNN, road images are classified into good or bad to extract lane-related information. A CDF (cumulative distribution function), a function of edge histogram, is utilized to construct input parameters of the FNN, it is based on the fact that the shape of the CDF and the image quality has large correlation. Input pattern vector to the FNN consists of ten parameters in which nine parameters are from the CDF and the other one is from intensity distribution of raw image. Correlation analysis shows that each parameter represents the image quality well. According to the experimental results, the proposed FNN system was quite successful. We carried out simulations with real images taken by various lighting and weather conditions and achieved about 99% successful decision-making.

Finite Element Analysis of Axisymmetric Hot Extrusion Through Square Dies (평금형을 이용한 축대칭 열간 압출의 유한요소해석)

  • 강연식;박치용;양동열
    • Transactions of the Korean Society of Mechanical Engineers
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    • v.16 no.2
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    • pp.207-225
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    • 1992
  • The study is concerned with the thermo-viscoplastic finite element analysis of axisymmetric forward hot extrusion through square dies. The problem is treated as a nonsteady state problem because the distribution of temperature and material properties are continuously changing with the punch travel. In square die extrusion, difficulties arise from the severe distortion and die interference of elements at the aperture rim of the die even with a small punch travel. And finite element computation is impossible without intermittent remeshing. Accordingly, an automatic remeshing technique is proposed by employing specially designed mesh structure near the aperture rim. The analysis of temperature distribution includes heat conduction through material interfaces, heat convection and radiation to the atmosphere and is carried out by decoupling the heat analysis from the analysis of the deformation. The extrusion load and the distributions of strain rate and temperature are computed for the given cases rendering reasonable results. Computed grid distortions are found to be in good agreement with the experimental results. It has been thus shown that the proposed method of analysis can be effectively applied to the axisymmetric hot extrusion through square dies.

The Effects of Pyeongwibunsoeum Extract on Indomethacin-induced Gastric Mucosal lesions (평위분소음의 Indomethacin 유발 위점막 손상에 대한 효과)

  • 백태현
    • The Journal of Korean Medicine
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    • v.24 no.2
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    • pp.94-108
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    • 2003
  • Objectives : This study was carried out to investigate the anti-ulcer effects of Pyeongwibunsoeum extract and Misoprostol on indomethacin-induced gastric mucosal lesions of mice. Methods : Experimental groups were classified into non-treated group, non-administered group, Misoprostol-administered group and Pyeongwibunsoeum-extract-administered group. This study examined the morphological change, distribution of mast cells and apoptic cells, PNA reaction, COX-1, BrdU, NF-B p50, COX-2, IL-2R-, and ICAM-1of gastric mucosa. Results : 1. The hemorrhagic erosion of gastric mucosa was reduced in the Misoprostol-administered and Pyeongwibunsoeum-extract-administered groups. 2. The Misoprostol-administered group and Pyeongwibunsoeum-extract-administered group showed positive reaction on the PNA distribution. 3. The distribution of apoptic cells, activity of NF-B p50, COX-2, IL-2R-, and ICAM-1 decreased in both the Misoprostol-administered group and Pyeongwibunsoeum-extract-administered group. 4. The Misoprostol-administered and Pyeongwibunsoeum-extract-administered groups showed increase on COX-1, BrdU. Conclusions : As the results indicate, hemorrhagic erosion of gastric mucosa were reduced in both the Misoprostol-administeredand Pyeongwibunsoeum-extract-administered groups, and severe inflammatory reaction of gastric mucosa was reduced. The effects on the Pyeongwibunsoeum-extract-administered group were superior to those on the Misoprostol-administered group. Pyeongwibunsoeum extract can be widely administered for gastric ulcer disease in clinical treatments.

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A Measurements of Radio-Frequency Induction Discharge Plasma using probe method (고주파 유도방전 플라즈마의 푸로우브법에 의한 계측)

  • Park, Sung-Gun;Park, Sang-Yun;Ha, Chang-Ho;Park, Won-Zoo;Lee, Kwang-Sik;Lee, Dong-In
    • Proceedings of the KIEE Conference
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    • 1997.07e
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    • pp.1657-1659
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    • 1997
  • Electron temperature and electron density were measured in a radio-frequency inductively coupled plasma (RFICP) using a probe measurements. Measurement was conducted in an argon discharge for pressures from 10 [mTorr] to 40 [mTorr] and input rf power from 100 [W] to 800 [W], Ar flow rate from 5 [sccm] to 30 [sccm], Spatial distribution electron temperature and electron density were measured for discharge with same aspect ratio (R/L=2). Electron temperature and electron density were discovered depending on both pressure and power, Ar flow rate. Electron density was increased with increasing input power and in creasing pressure, increasing Ar flow rate. Radial distribution of the electron density was peaked in the plasma center. Normal distribution of the electron density was peaked in the center between quartz plate and substrate. From these results, We found out the generation mechanism of Radio-Frequency Inductively Coupled Plasma.

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Elastic Analysis of a Cracked Ellipsoidal Inhomogeneity in an Infinite Body

  • Cho, Young-Tae
    • Journal of Mechanical Science and Technology
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    • v.15 no.6
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    • pp.709-719
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    • 2001
  • In particle or short-fiber reinforced composites, cracking of reinforcements is a significant damage mode because the cracked reinforcements lose carrying capacity. This paper deals with elastic stress distributions and load carrying capacity of intact and cracked ellipsoidal inhomogeneities. Three dimensional finite element analysis has been carried out on intact and cracked ellipsoidal inhomogeneities in an infinite body under uniaxial tension and pure shear. For the intact inhomogeneity, as well known as Eshelbys solution, the stress distribution is uniform in the inhomogeneity and nonuniform in the surrounding matrix. On the other hand, for the cracked inhomogeneity, the stress in the region near the crack surface is considerably released and the stress distribution becomes more complex. The average stress in the inhomogeneity represents its load carrying capacity, and the difference between the average stresses of the intact and cracked inhomogeneities indicates the loss of load carrying capacity due to cracking damage. The load carrying capacity of the cracked inhomogeneity is expressed in to cracking damage. The load carrying capacity of the cracked inhomogeneity is expressed in terms of the average stress of the intact inhomogeneity and some coefficients. It is found that a cracked inhomogeneity with high aspect ratio still maintains higher load carrying capacity.

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Identifying Top K Persuaders Using Singular Value Decomposition

  • Min, Yun-Hong;Chung, Ye-Rim
    • Journal of Distribution Science
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    • v.14 no.9
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    • pp.25-29
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    • 2016
  • Purpose - Finding top K persuaders in consumer network is an important problem in marketing. Recently, a new method of computing persuasion scores, interpreted as fixed point or stable distribution for given persuasion probabilities, was proposed. Top K persuaders are chosen according to the computed scores. This research proposed a new definition of persuasion scores relaxing some conditions on the matrix of probabilities, and a method to identify top K persuaders based on the defined scores. Research design, data, and methodology - A new method of computing top K persuaders is computed by singular value decomposition (SVD) of the matrix which represents persuasion probabilities between entities. Results - By testing a randomly generated instance, it turns out that the proposed method is essentially different from the previous study sharing a similar idea. Conclusions - The proposed method is shown to be valid with respect to both theoretical analysis and empirical test. However, this method is limited to the category of persuasion scores relying on the matrix-form of persuasion probabilities. In addition, the strength of the method should be evaluated via additional experiments, e.g., using real instances, different benchmark methods, efficient numerical methods for SVD, and other decomposition methods such as NMF.