• Ocean Systems Engineering
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• v.4 no.4
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• pp.293-308
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• 2014

Unlike the traditional displacement type vessels, the high speed planing crafts are supported by the lift forces which are highly non-linear. This non-linear phenomenon causes their motions in an irregular seaway to be non-Gaussian. In general, it may not be possible to express the probability distribution of such processes by an analytical formula. Also the process might not be stationary or ergodic in which case the statistical behavior of the motion to be constantly changing with time. Therefore the extreme values of such a process can no longer be calculated using the analytical formulae applicable to Gaussian processes. Since closed form analytical solutions do not exist, recourse is taken to fitting a distribution to the data and estimating the statistical properties of the process from this fitted probability distribution. The peaks over threshold analysis and fitting of the Generalized Pareto Distribution are explored in this paper as an alternative to Weibull, Generalized Gamma and Rayleigh distributions in predicting the short term extreme value of a random process.

• Communications for Statistical Applications and Methods
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• v.21 no.4
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• pp.335-347
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• 2014

This paper employs dynamic conditional correlation (DCC) model to examine time-varying comovement in the Korean stock market with a focus on the financial industry. Analyzing the daily returns of KOSPI 200 eight sector indices from January 2008 to December 2013, we find that stock market correlations significantly increased during the GFC period. The Financial Sector had the highest correlation between the Constructions-Machinery Sector; however, the Consumer Discretionary and Consumer Staples sectors indicated a relatively lower correlation between the Financial Sector. In terms of model fitting, the DCC with t distribution model concludes as the best among the four alternatives based on BIC, and the estimated shape parameter of t distribution is less than 10, implicating a strong tail dependence between the sectors. We report little asymmetric effect in correlation dynamics between sectors; however, we find strong asymmetric effect in volatility dynamics for each sector return.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.5
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• pp.593-598
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• 2018

Computational fluid dynamics was used to develop a heat-recovery ventilator for preventing freezing in cold weather. An optimal internal return damper was applied, and a prototype was made for frost and freezing experiments. A total of 16 models were used to design the optimal internal return damper with the maximum exhaust recirculation ratio. The exhaust recirculation ratio of the exhaust air to the outdoor air was 59.9-62.3%. The tests showed that frost and freezing did not occur at outdoor air temperatures of $-15^{\circ}C$ or higher in both exhaust recirculation operation and normal operation. However, at an outdoor air temperature of $-20^{\circ}C$, no freezing occurred in the outdoor air area when the internal return damper was opened by 45 degrees. Heat recovery ventilators for preventing cold weather frost and freezing should be operated in two operation modes: normal and exhaust recirculation mode. An operating algorithm was developed for the heat-recovery ventilator operating in normal mode when the outdoor temperature is higher than $-15^{\circ}C$ and recirculation mode when the temperature is lower.

• Journal of Electrical Engineering and information Science
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• v.1 no.1
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• pp.45-50
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• 1996

This paper mainly describes the wind load assumption of 765kV transmission towers. We analyzed wind velocity data a meteorological observatories to get the wind velocity of 50 years return period by using Gumbel I type extreme value distribution. By multi-correlative regression analysis method, wind velocity at no observation site was obtained. Reference dynamics wind pressure map was obtained from above analysis and the wind pressure was classified as three regio in high temperature season.

• Journal of Environmental Science International
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• v.25 no.7
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• pp.927-935
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• 2016

Dissolved oxygen is necessary for many biological processes as well as many industrial practices. Dissolved oxygen released from water in dissolved air flotation (DAF) systems can be have many different applications. However, DAF systems are very costly to operate. To develop more efficient DAF systems, a deeper understanding of the process of oxygen being released from water is required. In this study, molecular dynamics (MD) simulations were used to simulate 100 oxygen molecules surrounded by 31002 water molecules at temperatures ranging from $0^{\circ}C$ to $100^{\circ}C$. Simulations were carried out for 10 ns, during which, in most cases, all the oxygen molecules were released from the water droplet. With MD simulations, visualization of the molecules escaping the water droplet was possible, which aided the understanding of the interactions between molecules at the nano-scale. The results showed that as the oxygen molecules moved near the edge of the water droplet that the oxygen molecules hesitated before escaping the water droplet or returned to the interior of the water droplet. This was because of the attractive forces between the water and oxygen molecules. Moreover, after most of the oxygen molecules were released from the droplet, some were found to return to the droplet's edge or even the interior of the droplet. It was also confirmed that oxygen molecules were released at a faster rate at higher temperatures.

• Earthquakes and Structures
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• v.2 no.3
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• pp.207-232
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• 2011

The development of reliable earthquake mitigation plans and seismic risk management procedures can only be based on the establishment of comprehensive earthquake hazard and loss scenarios. Two cities, Grevena (Greece) and D$\ddot{u}$zce (Turkey), were used as case studies in order to apply a comprehensive methodology for the vulnerability and loss assessment of lifelines. The methodology has the following distinctive phases: detailed inventory, identification of the typology of each component and system, evaluation of the probabilistic seismic hazard, geotechnical zonation, ground response analysis and estimation of the spatial distribution of seismic motion for different seismic scenarios, vulnerability analysis of the exposed elements at risk. Estimating adequate earthquake scenarios for different mean return periods, and selecting appropriate vulnerability functions, expected damages of the water and waste water systems in D$\ddot{u}$zce and of the roadway network and waste water system of Grevena are estimated and discussed; comparisons with observed earthquake damages are also made in the case of D$\ddot{u}$zce, proving the reliability and the efficiency of the proposed methodology. The results of the present study constitute a sound basis for the development of efficient loss scenarios for lifelines and infrastructure facilities in seismic prone areas. The first part of this paper, concerning the estimation of the seismic ground motions, has been utilized in the companion paper by Kappos et al. (2010) in the same journal.

• Transactions of the Korean Society of Automotive Engineers
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• v.25 no.2
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• pp.167-178
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• 2017

The steering wheel of a vehicle has a typical characteristic of automatically returning to its neutral state when the driver releases it. Steering returnability originated from the tire forces and kingpin moments. It is proportional to the reaction torque that is generated through the rack and column, which are dependent on suspension and steering geometry. It is also important to accurately predict and design it because steering returnability is related to steering performance. In this study, a detailed multibody dynamics model of a vehicle was designed by using ADAMS/Car and simulated for steering returnability. In addition, a tolerance analysis of the chassis system in terms of part dimension and properties has been performed in order to minimize the design parameters. The sensitivity of the selected design parameters was then analyzed via Design of Experiments(DOE). As a result, we were able to obtain the main parameters through a contribution analysis. It can be used to predict steering returnability and improve its performance, which is represented by the angle of restoration and laterality.

• IE interfaces
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• v.24 no.1
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• pp.24-39
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• 2011

In this paper, we study the methodology for the measurement and integration of market risk and credit risk using Copula. We apply the methodology of Rosenberg, and Schuermann(2006) to the assets of pension system. Firstly we estimate dynamics of risk factors and their effects on investment returns, then use the estimated result to simulate future movement of risk factors and distribution of investment returns. Finally we measure integrated risk using integrated return distribution by Copula and simulated future investment return distributions. We found the integrated risk changing with the correlation of risks and investment weights of risks and confirmed the diversification effect of risks. This result is consistent when we use normal Copula and normal marginals, t-Copula and t(3) marginals, and normal Copula and non-parametric marginals. And in the case of non-parametric maginals, larger integrated risk is calculated. It means that use of non-parametric marginals is more conservative.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.8
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• pp.297-309
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• 2021

In this study, to capture the skewness and kurtosis detected in both conditional and unconditional return distributions of the stock markets of Kazakhstan and Russia, two versions of normal mixture GARCH models are employed. The data set consists of daily observations of the Kazakhstan and Russia stock prices, and world crude oil price, covering the period from 1 June 2006 through 1 March 2021. From the empirical results, incorporating the long memory effect on the returns not only provides better descriptions of dynamic behaviors of the stock market prices but also plays a significant role in improving a better understanding of the return dynamics. In addition, normal mixture models for time-varying volatility provide a better fit to the conditional densities than the usual GARCH specifications and has an important advantage that the conditional higher moments are time-varying. This implies that the volatility skews implied by normal mixture models are more likely to exhibit the features of risk and the direction of the information flow is regime-dependent. The findings of this study contain useful information for diverse purposes of cross-border stock market players such as asset allocation, portfolio management, risk management, and market regulations.

• Journal of English Language & Literature
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• v.55 no.3
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• pp.441-458
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• 2009

The Imperial Road is Jean Rhys s unfinished manuscript, rejected by publishers for its openly racist tone. Although it describes Rhys s actual visit to Dominica in 1936, it is not a transparent recollection of the travel but a recreation informed by racial dynamics of the 1970s when she wrote the text. This paper examines the manuscript as a troubled (and troubling) response to what Rhys perceived as racial rejection from Dominica at the wake of political independence. Rhys s representation of white Creole womanhood significantly depends on an interwoven configuration of racial dynamics and sexual politics, where an oppressive white European man facilitates a white Creole woman s cross-racial identification with Afro-Caribbeans. However, the political and literary landscape of the West Indies in the 1970s made such cross-racial identification untenable. As a result, The Imperial Road is full of disturbing racial hatred, prejudice, and resentment. And yet, it also reflects Rhys s honest and serious concern over a white Creole s racial identity in postcolonial Dominica, raising a difficult question: How would a postcolonial age change a white Creole identity that belongs neither to the colonized nor to the colonizer (or both)? In The Imperial Road, unable to identify with Afro-Caribbeans, the white Creole is disoriented in time and space, lost at home, stuck between the past and the present, not knowing how to participate in a postcolonial homeland. Through the narrator s racial disorientation, The Imperial Road exposes the white Creole s fundamental dependence on other Creoles.