• Title/Summary/Keyword: Residual Test

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Searching for an Optimal Level of Cash Holdings for Korean Chaebols (국내 재벌 계열사들의 최적 현금유동성 수준에 대한 실증적 분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.10
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    • pp.7118-7125
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    • 2015
  • This study examined one of the concerned or even imperative issues in the field of contemporary finance related to approaching an optimal level of cash holdings for the firms belonging to the chaebols in the Korean domestic capital markets. However, the subject may not have been drawn much attention so far, even if there are still ongoing and active debates among the interest parties at the macro- or micro-level. Two primary hypotheses were postulated to be empirically tested. On the results of the first hypothesis test for the existence of an optimal cash reserves for the sample firms, two estimation techniques were performed in terms of a quadratic regression equation and a relationship between a firm's value and the residuals derived from the static panel date model. As a primary financial implication of the study which may contribute to the practitioners and the academics in finance, the optimal level of cash holdings can be estimated by controlling for the a priori significant components for the sample firms towards maximizing firm value.

An Effect of the Micro Bubble Formation Depending on the Saturator and the Nozzle in the Dissolved Air Flotation System (DAF 공정에서 공기포화장치와 노즐 특성 별 미세기포 발생에 미치는 영향)

  • Park, S.C.;Oh, H.Y.;Chung, M.K.;Song, S.L.;Ahn, Y.H.
    • Journal of Korean Society of Environmental Engineers
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    • v.35 no.12
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    • pp.929-936
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    • 2013
  • The saturator and injection nozzle are important facilities on the dissolved air flotation process. To increase the formation of micro bubble, it is required to improve the air dissolving performance in the saturator and keep the pressure uniform from the saturator to the nozzle. This study aimed to evaluate the performance of the saturator and the hydraulic effect of the nozzle and the pipe structure. The air volume concentration, bubble size and bubble residual time were measured in the test. The saturator, which had mounted with the spray nozzle, showed a good performance for bubble formation. Also, the characteristics of micro bubble formation were influenced by pressure uniformity and flow velocity through the orifice in the nozzle.

The Effect of Flushing Solutions on ElectroKinetic Remediation of Ferrous Soil Contaminated by Lead (납으로 오염된 철성분 함유토의 동전기 정화 특성에 세척제가 미치는 영향)

  • 김수삼;김병일;한상재;김정환
    • Journal of Soil and Groundwater Environment
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    • v.9 no.1
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    • pp.54-62
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    • 2004
  • In order to enhance the efficiency of removal a series of ElectroKinetic Remediation (EKR) tests on ferrous soil contaminated by lead are carried out using acids, chelates and surfactant as flushing agents. The test results indicate that pH in the electrolyte rapidly reached at steady state as the introduce of flushing solution of the lower pH, the type of flushing solution have no effect the distribution of electrical voltage within the sample but the increasing of solution concentration increases it at x/L=0.9. In the distribution of the residual lead in the sample SDS is the highest. Also, the removal efficiency for acetic acid concentration of 1mM Is the highest but the concentration of acetic acid significantly have no effect.

Estimation of uncertainty for the determination of residual flubendazole in pork (돼지고기 중 플루벤다졸 잔류분석의 불확도 추정)

  • Kim, MeeKyung;Park, Su-Jeong;Lim, Chae-Mi;Cho, Byung-Hoon;Kwon, Hyun-Jeong;Kim, Dong-Gyu;Chung, Gab-Soo
    • Korean Journal of Veterinary Research
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    • v.47 no.2
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    • pp.139-145
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    • 2007
  • Measurement uncertainty could play an important role in the assessment of test results in laboratories and industries. We investigated measurement uncertainties possibly included in determination of flubendazole, a benzimidazole anthelmintic, in pork by HPLC. The concentration of flubendazole was 62.69 ng/g in a sample of pork. Uncertainty was estimated in the analytical procedure of flubendazole. A model equation was made for determination of flubendazole in pork. The four uncertainty components such as weight of sample, volume of sample, calibration curve, and recovery were selected to estimate measurement uncertainties. Standard uncertainty was calculated for each component and all the standard uncertainties were combined. The combined standard uncertainty was expanded to a sample population as an expanded uncertainty. The expanded uncertainty was calculated using k value on Student's t-table and effective degrees of freedom from Welch-Satterthwaite formula. The expanded uncertainty was calculated as 3.45 with the combined standard uncertainty, 1.584 6 and the k value, 2.18. The final expression can be ($62.69{\pm}3.45$) ng/g (confidence level 95%, k = 2.18). The uncertainty value might be estimated differently depending on the selection of the uncertainty components. It is difficult to estimate all the uncertainty factors. Therefore, it is better to take several big effecting components instead of many small effecting components.

Assessment of Incipient Decay of Radiata Pine Wood Using Stress-wave Technique in the Transverse Direction (횡단방향(橫斷方向) 응력파(應力波) 방법(方法)에 의(依)한 라디에타소나무의 초기부후(初期腐朽) 평가(評價))

  • Kim, Gyu-Hyeok;Jee, Woo-Guen;Ra, Jong-Bum
    • Journal of the Korean Wood Science and Technology
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    • v.24 no.3
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    • pp.18-27
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    • 1996
  • The feasibility of using stress-wave technique in the transverse direction for the assessment of early stages of decay was investigated using compression test specimens having different annual ring orientations subjected to decay by Tyromyces palustris for various time intervals. Decay detection, quantitative assessment of decay, and the prediction of residual strength of decayed wood with less than five percent weight loss can be feasible using stress-wave parameters (wave velocity, wave impedance, and stress-wave elasticity) and their percent reduction due to decay, measured by stress-wave technique in the transverse direction. The use of stress-wave technique in the transverse direction for the application of this technique to structural members in service is desirable, when considering the easiness of attachment of accelerometers of stress-wave measuring device on the surface of members and also accurate detection of localized decayed areas. In stress-wave technique in the transverse direction, stress-wave parameters measured were different according to the angles between wave propagation path and annual ring, due to the anisotropy of wood structure. Therefore, it is recommended to use percent reduction in stress-wave parameters instead of stress-wave parameters. This evaluation method using percent reduction in stress-wave parameters is ideal when it is impossible to observe annual ring orientation on the transverse surface of wood.

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Characteristics of Shear Strength for joined SiC-SiC Ceramics (SiC세라믹스 동종재 접합재의 전단강도 특성 평가)

  • Yoon, Han Ki;Jung, Hun Chea;Hinoki, T.;Kohyama, A.
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.38 no.5
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    • pp.483-487
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    • 2014
  • In this study, joining methods with SiC powder as the joining adhesives were studied in order to avoid the residual stresses coming from CTE (Coefficient of Thermal Expansion) mismatch between substrate and joining layer. The shear strength and microstructure of joined material between SiC substrates are investigated. The commercial Hexoloy-SA (Saint-Gobain Ceramics, USA) used in this work as substrate material. The fine ${\beta}$-SiC nano-powder which the average particle size is below 30 nm, $Al_2O_3$, $Y_2O_3$, and $SiO_2$ were used as joining adhesives. The specimens were joined with 20MPa and $1400-1900^{\circ}C$ by hot pressing in argon atmosphere. The shear test was performed to investigate the bonding strength. The cross-section of the joint was characterized by using an optical microscope and scanning electron microscopy (SEM).

Adulterated Food Management amongst Food Sellers Near the Schools in Daegu and Gyeongbuk Provinces (대구·경북지역 학교주변 식품판매업자의 불량식품관리)

  • Kim, Yunhwa
    • Korean journal of food and cookery science
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    • v.32 no.6
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    • pp.762-772
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    • 2016
  • Purpose: Adolescence is a critical period for growth and development; hence, knowledge about good food habits is essential amongst children. This study was conducted to investigate prevalence of awareness among food sellers, which could probably influence children's health and perceptions on food around schools towards adulterated food management beliefs, competencies, and food safety practices. Methods: Data was collected from 195 dealers around 25 elementary, middle and high schools in Daegu and Gyeongbuk provinces using a self-administered questionnaire in July and August, 2015. The data was analyzed using frequency analysis, one-way analysis of variance, $x^2$-test, factor analysis, and reliability analysis by SPSS Statistics (ver. 23.0). Results: A total of 121 people (62.1%) reported satisfaction of providing information and education on adulterated food. The perception of hazardous substances was found to be related to food poisoning bacteria and viruses (65.6%), heavy metals (42.1%), environmental hormones (36.4%), residual pesticides (27.2%), and irradiated food (26.7%). The perceived score on hygiene practices for processed food seller was $4.04{\pm}0.56/5.00$ and for cooked food seller was $4.09{\pm}0.45$. The capacity of adulterated food management practice of food sellers was significantly correlated with food knowledge on adulteration and public relation capacity, necessity of adulterated food management, and perception of hygiene practices (p<0.01). Similarly, knowledge and public relation capacity were significantly different according to ages (p<0.01). The perception of the necessity of adulterated food management was significantly different according to education levels (p<0.05), and the evaluation of hygiene practices was significantly different according to age (p<0.01). Conclusion: In order to solve the problem of adulterated food, which is one of the four social evils, and to strengthen the capacity of children to solve social problems, various practices like campaign on health promotion, goof food habits, education, and adulterated food management, should be actively promoted not only for children but also for food sellers around the schools.

Microbiological Elimination of 2,4-Dinitrotoluene and 276-Dinitro-toluene by an TNT-degrading Bacterium in Stirred Tank Reactors (교반탱크 반응조에서 TNT 분해세균에 의한 2,4-Dinitrotoluene/2,6-Dinitrotoluene의 미생물학적 제거)

  • 장효원;김승일;오계헌
    • Korean Journal of Microbiology
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    • v.37 no.1
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    • pp.66-71
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    • 2001
  • An aerobic microbiological process was tested in 1.5 L stirred tank reactors for the treatment of dinitrotoluenes (DNTs)[e.g., 2.4-dinitrotoluene (2,4-DNT), 2,6-dinitrotoluene (2,6-DNT)] in the test culture of Stenotrophomonas maltophilia, which had previously characterized. Both 2,4-DNT and 2,6-DNT were completely degraded within 10 days and 14 days of incubation, respectively. Addition of the secondary carbon was essential to degrade DNTs, and little degradation was achieved in the absence of the secondary carbons. The effect of additional nitrogens on the degradation of DNTs was evaluated. Complete degradation of DNTs was observed in the absence of any additional nitrogens, whereas DNTs were partially degraded in the growth media with additional nitrogens. Both HPLC and GC-MS were used to detect and verify the residual DNTs and their intermediates. As the results, the HPLC and GC-MS chromatograms demonstrated that the both parent compounds, 2, 4-DNT and 2,6-DNT, and respective intermediates, 2-amino-4-nitrotoluene and 2-amino-6-nitrotoluene, could be successfully identified under the analytical conditions.

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Seismic Performance of Square RC Column Confined with Spirals (나선철근으로 횡구속된 정사각형 RC 기둥의 내진성능)

  • Ko, Seong Hyun
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.16 no.5
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    • pp.88-97
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    • 2012
  • The objective of this research is to investigate the seismic performance and flexure-shear behavior of square reinforced concrete bridge piers with solid and hollow cross section. Test specimens were nonseismically designed with the aspect ratio 4.5 Two reinforced concrete columns were tested under constant axial load while subjected to lateral load reversals with increasing drift levels. Longitudinal steel ratio was 2.217 percent. The transverse reinforcement ratio As/($s{\cdot}h$), corresponding to 58 percent of the minimum lateral reinforcement required by Korean Bridge Design Specifications for seismic detailing, which represent existing columns not designed by the current seismic design specifications or designed by limited ductility concept. This study are to provide quantitative reference data for the limited ductility design concept and tendency for performance or damage assessment based on the performance levels such as cracking, yielding, collapse, etc. Failure behavior, ultimate displacement/drift ratio, displacement ductility, response modification factor, equivalent viscous damping ratio, residual deformation, effective stiffness, plastic hinge length, strain of reinforcements and nonlinear analysis are investigated and discussed in this paper.

Studies on Rheological Properties of Rice Plants at the Booting Stage (이삭 밸 때 벼의 리올러지 특성(特性)에 관한 연구(硏究))

  • Hu, Y.K.;Lee, S.W.
    • Journal of Biosystems Engineering
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    • v.16 no.1
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    • pp.37-48
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    • 1991
  • Rice plants are subjected to various forces such as natural force of wind and mechanical force of cultivating machines. Rheological behavior of the rice stem can be expressed in terms of three variables : stress, relaxation and time. The objectives of this study are to examine stress relaxation, creep and recovery characteristics on the rice stem in case of axial and radial loading. Stress relaxation with time was studied on three levels of loading rate and on four levels of applied stress. The results were summarized as follows : 1. The hysterisis losses of the rice stem distinctly observed at the radial compression in comparison with axial compression. The hysterisis loss implied that the stem to absorbed energy without being deformed beyond the yield point. 2. Ageneralized Maxwell model consisting of three elements gave a good description of the relaxation behavior of the rice stem. Rate of loading was more significant on the observed relaxation behavior within the short relaxation time, but there were little influences of rate of loading on the relaxation time. 3. The stress relaxation intensity and the residual stress increased in magnitude as the applied stress increased, but the relaxation time was little affected by the applied stress. 4. The coefficients of the stress relaxation model showed much differences in the radial compression and the axial compression, especially the higher relaxation stress of the third element was observed in the radial compression. 5. The behaviors of rice stem in creep and recovery test also might be represented by a four element Burger's model. But the coefficients of the creep model were different from those of the recovery model. 6. The steady-state phenomena of creep appeared at the stress larger than 20 MPa in Samkang and 1.8 MPa in Whajin. 7. The elastic modulus of the stem showed the range from 40 to 60 MPa. It could be considered, as a result, the rice stems had viscoelastic properties.

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