• Journal of Korean Society of Industrial and Systems Engineering
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• v.37 no.4
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• pp.202-211
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• 2014

Pairs trading is a type of arbitrage investment strategy that buys an underpriced security and simultaneously sells an overpriced security. Since the 1980s, investors have recognized pairs trading as a promising arbitrage strategy that pursues absolute returns rather than relative profits. Thus, individual and institutional traders, as well as hedge fund traders in the financial markets, have an interest in developing a pairs trading strategy. This study proposes pairs trading rules (PTRs) created from a price ratio between securities (i.e., stock index futures) using rough set analysis. The price ratio involves calculating the closing price of one security and dividing it by the closing price of another security and generating Buy or Sell signals according to whether the ratio is increasing or decreasing. In this empirical study, we generate PTRs through rough set analysis applied to various technical indicators derived from the price ratio between KOSPI 200 and S&P 500 index futures. The proposed trading rules for pairs trading indicate high profits in the futures market.

• The Journal of Fisheries Business Administration
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• v.34 no.1
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• pp.31-44
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• 2003

The purpose of this study is to investigate empirically interaction among the financing decision, investment decision, and profitability by using 41 fisheries corporations in Korea, and to suggest implications of the empirical results for government's financial policy for fisheries corporations. Sample period is 19 years from 1982 till 2000. This analysis method employs the two stage least squares(2SLS) estimation method. From the results of regression analysis by 2SLS estimation method, the adjusted $R^2$ values were high and the overall F values indicated significant. The empirical results of this study are as follows; (1) determinant factors of capital structure model for fisheries are profitability, firm-size, fisheries investment of total asset, and business risk. As pecking order theory explains, the higher is profitability the lower is debt ratio. The larger firm-size, the higher is debt ratio. The higher is fisheries investment of total asset and business risk, the higher is debt ratio. (2) determinant factors of investment model for fisheries are the change of sales, business risk, and debt ratio. These factors have positive relation to fisheries investment of total asset (3) determinant factors of profitability model for fisheries are fisheries investment of total asset and debt ratio. These factors have negative relation to profitability. On the basis of analysis results, on the government's financial policy for fisheries corporations, I suggests that with interest rate reduction, the government should lend more funds to solve the crisis in the financial structure of the fisheries firms

• Proceedings of the KSME Conference
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• 2004.04a
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• pp.519-524
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• 2004

This study is concerned with the braking distance estimation using frictional energy rate. First, steady state rolling analysis is performed, and using this result, the braking distance is estimated. Dynamic rolling analysis during entire braking time period is impratical, so that this study divides the vehicle velocity by 10km/h to reduce the analysis time. The multiplication of the slip rate and the shear stress provides the frictional energy rate. Using frictional energy rate, total braking distance is estimated, In addition, ABS(Anti-lock Brake System) is considered, and two type of slip ratios are compared, One is 15% slip ratio for the ABS condition, and the other is 100% slip ratio which leads lo the almost same braking distance as the elementary kinematic theory. A slip ratio is controlled by angular velocity in ABAQUS/Explicit, A 15% slip ratio gives the real vehicle's braking distance when the frictional energy occurred al disk pad is included. Disk pad's frictional energy rate is calculated by the theoretical approach.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.32 no.9
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• pp.695-703
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• 2008

Numerical analysis has been carried out to investigate air-side convective heat transfer characteristics in a compact heat exchanger with flat tubes and continuous plate fins according to the aspect ratio. RNG k-$\varepsilon$ model is applied for turbulence analysis. Simulation results such as air velocity and temperature distributions are presented, and heat transfer coefficients are compared with previous correlations for circular tubes. The numerical conditions are considered for the aspect ratios ranging from 3.06 to 5.44 and Reynolds number ranging from 1000 to 10,000. The results showed that heat transfer coefficients decreased with the increase of aspect ratio. From the calculated results a correlation of Colburn j factor for the considered aspect ratio in the compact heat exchanger system is suggested. The predicted results in this study can be applied to the optimal design of air conditioning system.

• Journal of the Earthquake Engineering Society of Korea
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• v.20 no.6
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• pp.413-424
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• 2016

The vertical design spectrum for Korea, which is known to belong to an intra-plate region, is developed from the ground motion records of the earthquakes occurred in Korea and overseas intra-plate regions. From the statistical analysis of the vertical response spectra, a mean plus one standard deviation spectrum in lognormal distribution is obtained. Regression analysis is performed on this curve to determine the shape of spectrum including transition periods. The developed design spectrum is valid for the estimation both spectral acceleration and displacement. The ratio of vertical to horizontal response spectrum for each record is calculated. Statistical analysis of the ratios rendered the vertical to horizontal ratio (V/H ratio). Subsequently the ratio between the peak vertical ground acceleration to the horizontal one is obtained.

• KIEAE Journal
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• v.11 no.2
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• pp.3-8
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• 2011

This study was carried out for analysing the relationship of environmental factors and the reduction rate of land compensation of six urban development projects near waste landfill sites located in the Seoul metropolitan area. For a close investigation, 24 variables were selected but only 4 environmental variables were identified to have high correlation to the reduction rate of compensation. These are fine particles(PM10), bad smell, the ratio of a greening zone of land and park, and the distance in straight line from the landfill site. Two variables-PM10 and bad smell-were found to have an effect on the average reduction rate of land compensation by correlation analysis. On the other hand, the ratio of a greening zone and the distance in straight line from the landfill site have been rejected for the significance test. The result of regression analysis of six models for the search of affecting variables on the reduction rate of compensation is that PM10 and bad smell have the impact ratio of more than 0.5. But the ratio of greening zone and the distance from the landfill are not significant factors, having the impact ratio of 0.025~0.045 except one model.

• Steel and Composite Structures
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• v.42 no.1
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• pp.107-121
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• 2022

Past studies have shown that the aspect ratio (width-to-height) of a steel plate shear wall (SPSW) can significantly affect its seismic response. SPSWs with lower aspect ratio (narrow SPSW) may experience low lateral stiffness and flexure dominated drift response. As the height of the frame increases, the narrow SPSWs prove to be uneconomical and demonstrate inferior seismic response than their wider counterparts. Moreover, the thicker web plates required for narrow SPSWs exerts high inward pull on the VBEs. The present study suggests the limiting values of the aspect ratio for an SPSW system by evaluating the seismic collapse performance of 3-, 6- and 9-story SPSW systems using FEMA P695 methodology. For this purpose, nonlinear models are developed. These models are validated with the past quasi-static experimental results. Non-linear static analyses and Incremental dynamic analyses are then carried. The results are then utilized to conservatively suggest the limiting values of aspect ratios for SPSW system. In addition to the conventional-SPSW (Conv-SPSW), the collapse performance of staggered-SPSW (S-SPSW) is also explored. Its performance is compared with the Conv-SPSW and the use of S-SPSW is suggested in the cases where SPSW with lower than recommended aspect ratio is desired.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.375-385
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• 2013

As climate change and environmental pollution become one of the biggest global issues today, new renewable energy, especially solar photovoltaic (PV) system, is getting great attention as a sustainable energy source. However, initial investment cost of PV system is considerable, and thus, it is crucial to predict electricity generation accurately before installation of the system. This study analyzes the loss ratio of solar photovoltaic electricity generation from the actual PV system monitoring data to predict electricity generation more accurately in advance. This study is carried out with the following five steps: (i) Data collection of actual electricity generation from PV system and the related information; (ii) Calculation of simulation-based electricity generation; (iii) Comparative analysis between actual electricity generation and simulation-based electricity generation based on the seasonality; (iv) Stochastic approach by defining probability distribution of loss ratio between actual electricity generation and simulation-based electricity generation ; and (v) Case study by conducting Monte-Carlo Simulation (MCS) based on the probability distribution function of loss ratio. The results of this study could be used (i) to estimate electricity generation from PV system more accurately before installation of the system, (ii) to establish the optimal maintenance strategy for the different application fields and the different season, and (iii) to conduct feasibility study on investment at the level of life cycle.

• Journal of the Korean Geotechnical Society
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• v.31 no.4
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• pp.45-55
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• 2015

The stability of the adjcent structures or slopes under blasting is typically evaluated using an empirical vibration attenuation curve or dynamic numerical analysis. To perform a dynamic analysis, it is necessary to determine the blast load and the damping ratio of rock mass. Various empirical methods have been proposed for the blast load. However, a study on representative values of damping ratio of a rock mass has not yet been performed. Therefore, the damping ratio was either ignored or selected without a clear basis in performing a blast analysis. Selection of the dampring ratio for the rock mass is very difficult because the vibration propagation is influenced by the layout and properties of the rock joints. Besides, the vibration induced by blasting is propagated spherically, whereas plane waves are generated by an earthquake. Since the geometrical spreading causes additional attenuation, the damping ratio should be adjusted in the case of a 2D plane strain analysis. In this study, we proposed equivalent damping ratios for use in continuum 2D plane strain analyses. To this end, we performed 2D dynamic analyses for a wide range of rock stiffness and investigated the characteristics of blast vibration propagation. Based on numerical simulations, a correlation between the attenuation equation, shear wave velocity, and equivalent damping ratio of rock mass is presented. This novel approach is the first attempt to select the damping ratio from an attenuation relationship. The proposed chart is easy to be used and can be applied in practice.

• Korean Journal of Biological Psychiatry
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• v.17 no.3
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• pp.136-144
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• 2010

Objectives : The $2^{nd}$ to $4^{th}$ digit length(2D : 4D) ratio reflects the amount of exposure and sensitivity to the prenatal sex hormone and it is considered to be the most convenient and useful way to understand the influence of sex hormone in the determination of human behavioral traits. This study was carried out to find the correlation between the 2D : 4D ratio and characteristics of temperament and character in Korean university students. We assumed that 2D : 4D ratio would show a strong correlation with temperament which is defined to be an inclination of an automatical emotional response to a stimulus. Methods : Participants were 104 university students who completed 2 self-report measures : Temperament and Character Inventory(TCI), Temperament Test. We examined the 2D : 4D ratio of each subject by measuring the lengths of the $2^{nd}$ and $4^{th}$ fingers using a photocopy measurement. We performed statistical analyses using correlation test and t-test to examine the relationship between 2D : 4D ratio and psychological characteristics. Results : We found out the typical sex difference in 2D : 4D ratio. Women had significantly higher 2D : 4D ratio than men. TCI-Character factor(TCI-C) didn't show any significant correlation with the 2D : 4D ratio. TCI-Tempterament factor(TCI-T) and the item of Temperament Test showed a significant correlation with the 2D : 4D ratio. In correlation analysis of the total group including all women and men, the 2D : 4D ratio showed a significant positive correlation in a subscale(shyness with stranger) of harm avoidance scales in TCI-T. In correlation analysis of women's group, the 2D : 4D ratio showed a significant positive correlation in two subscales( fear of uncertainty) and[shyness to stranger] of harm avoidance scales in TCI-T. In correlation analysis of men's group, the 2D : 4D ratio showed a significant negative correlation with a sanguine temperament item of the Temperament Test. Conclusion : The results suggest that the amount of exposure to sex hormone in the prenatal period seems to have an impact on the determination of temperament and characteristics.