• The Journal of Asian Finance, Economics and Business
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• 제6권3호
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• pp.103-113
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• 2019

The effectiveness of monetary policy critically depends upon how well the transmission mechanism functions, so that the desired impact on output and inflation is achieved. The purpose of this paper is to study the transmission mechanism of monetary policy by analyzing the impact on inflation and output during multiple indicator regime (1998-99 to 2014) in an emerging economy-India. The Inflation Targeting Regime is also briefly outlined alongwith the impact on output and inflation. Using quarterly data for the period 1997 to 2017, the paper uses weighted average call money market rate as a proxy for the policy rate and evaluates the strength of the interest rate channel. We use a conventional Structural vector auto regression (SVAR) methodology to evaluate the efficacy and show the impluse response functions. Our results find that changes in the policy rate impact output growth steeply with a lag of about two quarters and the impact on inflation is maximized after three quarters. The study concludes that the monetary policy in India has a significant impact on output and inflation in the short-to-medium-run. After the policy shock, the fall in the output growth rate is of greater magnitude than the fall in inflation.

• 대한기계학회:학술대회논문집
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• 대한기계학회 2004년도 추계학술대회
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• pp.1122-1127
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• 2004

an isolated droplet combustion exposed to pressure perturbations in stagnant gaseous environment is numerically conducted. Governing equations are solved for flow parameters at gas and liquid phases separately and thermodynamic parameters at the interfacial boundary are matched for problem closure. For high-pressure effects, vapor-liquid interfacial thermodynamics is rigorously treated. A series of parametric calculations in terms of mean pressure level and wave frequencies are carried out employing a n-pentane droplet in stagnant gaseous air. Results show that the operating pressure and driving frequency have an important role in determining the amplitude and phase lag of a combustion response. Mass evaporation rate responding to pressure waves is amplified with increase in pressure due to substantial reduction in latent heat of vaporization. Phase difference between pressure and evaporation rate decreases due to the reduced thermal inertia at high pressure. In addition to this, augmentation of perturbation frequency also enhances amplification of vaporization rate because the time period for the pressure oscillation is much smaller than the liquid thermal inertia time. The phase of evaporation rate shifts backward due to the elevated thermal inertia at high acoustic frequency.

• 제어로봇시스템학회:학술대회논문집
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• 제어로봇시스템학회 2005년도 ICCAS
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• pp.2087-2092
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• 2005

Using disturbance observer (DOB) is effective in enhancing the performance of dynamic system in the presence of disturbances. Recently the definition of disturbance has been expanded to modeling uncertainty including parameter variation, internal disturbance. Various structures of DOB have been proposed to improve sensitivity of system for better disturbance rejection performance. However in the case of improvement of sensitivity function, it tends to bring poor transient response due to cross-coupling and phase lag. Furthermore it could be very sensitive to measurement noise due to increased peak of complementary sensitivity function. In this paper, a dual disturbance observer (Dual-DOB) is proposed to reduce the effect of such cross-coupling. It is possible for us to improve the sensitivity function with additional external DOB with hardly affecting complementary sensitivity function. Thus it is able to have robustness against measurement noise. Since we are able to design DOBs of internal and external loop independently, we could prevent transient response quality from degrading while improving the sensitivity function. The proposed Dual-DOB is applied to a commercial optical disk drive tracking servo system. The experimental result shows that the Dual-DOB is an effective method in rejecting the disturbance as well as improving the tracking performance.

• 대한기계학회논문집
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• 제12권3호
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• pp.481-488
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• 1988

본 연구에서는 판이론으로서는 해석할수 없는 집중충격하중의 작용점을 포함 한 유한판(정방형판)의 충격응력을 이론적으로 해석하는 방법을 제안하고저 하며 포성 재료로서 손쉽게 구할수 있고 파괴에 큰 에너지가 소요되지 않은 유리판을 대상으로 하여 3차원 동탄성이론을 이용하여 강구의 고속충돌에 의해서 유리판에 발생하는 충격 응력을 해석하였다. 또한 3차원 동탄성이론에서는 Laplace역변환이 곤난하므로, 고 속 Fourier변환의 알고리즘을 이용하였으며, 충격하중의 크기는 실측이 곤난하여 Lag- range의 고유판이론과 Hertz의 접촉이론으로부터 결정하였으며 단순지지된 정방형유리 판에 고속충격을 가하여 계측된 변형율변동과 본이론해석 결과와를 비교하여 응력해석 방법의 적용성을 명확히 하였다.

• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.241-249
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• 2020

The role of money in the modern economy highly determines the intensity and the development of the macroeconomy. The money supply is assumed to be as much as money demand, which reflects the economic character of a country and indicates the growth and development of macroeconomy. In Indonesia, the money supply (M1) is related to the economic dynamics in either the monetary market or the goods market. This research aims at analyzing factors that influence the money supply and to what extent the economic factors affect the money supply in Indonesia. The analysis method used in this research was Vector Autoregressive (VAR) with some variables, such as money supply (M1), interest rate, and Gross Domestic Product (GDP) from the 1st quarter of 2001 until the 1st quarter of 2013. The data collection method was in the form of data compilation from credible sources, such as Bank of Indonesia (BI), Central Bureau of Statistics (CBS), and International Financial Statistics (IFS). To obtain adequate analysis results, several tests were taken, such as unit-root test, Granger causality test, and optimal lag. VAR analysis formulates the correlation among independent variables, so it also sees the study of impulse response and matrix decomposition.

• 수산경영론집
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• 제44권2호
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• pp.101-109
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• 2013

This study is aimed to analyze investment effects of fisheries R&D projects of the National Fisheries Research and Development Institute(NFRDI). In the analysis, Granger causal relations between R&D investment and fisheries production are tested. In addition, time-lag effects of fisheries R&D investment are estimated with an impulse response analysis and investment effects of R&D projects are estimated by changes of social surplus. Results indicate that there exists an Granger-causality between R&D investment and fisheries production and fisheries production responds to the fisheries R&D shock about three years after the initial shock. The magnitudes of the impacts increase until a peak is reached 5~7 years and the impacts decline to zero after 25 years. As investment effects, it is shown that the internal rate of returns of fisheries R&D investment is 55.2%.

• Communications for Statistical Applications and Methods
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• 제17권2호
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• pp.241-253
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• 2010

표준 단위근 검정이 실제 시계열자료의 단위근 귀무가설을 기각하지 못하는 경우가 많아지고 검정력에 문제점을 드러내면서 이와는 반대로 정상성 귀무가설을 단위근 대립가설에 대해 검정하는 방안이 제기되어 왔다. 본 연구는 국내 광역지역의 주택가격 시계열자료에 귀무가설과 대립가설이 바뀐 두 가지 종류의 단위근 검정법을 모두 적용시켜 보았다. 그리고 지역 자료간 통계적 역학관계를 검정하기 위한 인과관계, 교차상관관계 또 충격반응 및 분산분해 등에 대한 분석 결과는 대체로 일관된 성향을 보이는 것으로 나타났다.

• The Journal of Asian Finance, Economics and Business
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• 제6권2호
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• pp.269-275
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• 2019

This study intended to examine the relationship between inflation and unemployment rate in Indonesia during 1987 to 2018 period. The study applied a quantitative method using Vector Error Correction Model (VECM) in order to comprehensively understand the causality between inflation and unemployment rates. The data were collected from various main sources including the World Bank, Central Bank of Indonesia, and Central Bureau of Statistics (BPS). The findings showed that inflation has a one-way relationship toward unemployment in Indonesia and it occurs at the third lag. Impulse Response Function (IRF), shows that the inflation rate are fluctuating in response to the shock of unemployment. The unemployment rate responses to shocks from inflation initially increased until it is eventually diminished. It shows that the shocks caused by the impact of inflation were only in the short term. Further, inflation in the three previous lags will have consequences for the unemployment rate in the year. Lastly, both in the long run and short run, unemployment did not affect inflation rates. These findings suggest that high inflation in Indonesia is determined the rising price of basic commodities and fuel. In addition, most companies in Indonesia applying capital intensive so that employment growth in Indonesia is small.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.99-110
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• 2021

This study aims to examine empirically the industry and economic fundamental factors that affect the stock prices of the leading palm oil company in Indonesia. The dynamics of stock price are analyzed using the autoregressive distribution lag (ARDL) model both for symmetric and asymmetric effects. The data used in this study are monthly data for the period from 2008:01 to 2020:03. In the long run, the company stock price moves in line with the competitor company stock price at the current time. The palm oil price has a positive effect on the stock price. Meanwhile, inflation negatively affects the stock price in the short run. The estimated equilibrium correction coefficient indicates a reasonably quick correction of the distortion of the stock price equilibrium in monthly dynamics. However, fundamental factors have asymmetric effects, especially the response of stock price when these factors decrease rather than increase in the short run. Stock prices that are responsive to declines in fundamental performance should be of particular concern to both investors and management in their strategic decision making. The results of this study will contribute to the enrichment of literature related to stock prices from the viewpoint of economic analysis on firm-level data.

• 신재생에너지
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• 제19권2호
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• pp.23-30
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• 2023

Vortex-induced vibrations are a type of flow-induced vibrations caused by alternating lift forces. With increasing demand for renewable energy, the application of vortex-induced vibrations to renewable energy has been widely studied. Vortex-induced vibrations for aquatic clean energy (VIVACE) converter is a renewable energy device that generates electricity from rivers or oceans using vortex-induced vibrations. To increase the design life and power harnessing capacity of the VIVACE converter, the estimation of fluid forces due to vortex-induced vibrations is essential. Herein, vortex-induced vibrations were experimentally tested, and their amplitude and frequency response were measured. The amplitude results showed four different branches: initial branch, upper branch, lower branch, and desynchronization range. According to the fluid force coefficient results, the maximum lift coefficient occurred at the upper branch. Additionally, a mathematical model is proposed to estimate fluid forces due to vortex-induced vibrations without using measurement devices. This mathematical model enables the estimation of fluid force coefficients and phase lag using amplitude and frequency response of vortex-induced vibrations.