• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.81-91
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• 2021

This paper investigates the long run hedging ability of precious metals against the risks associated with adverse conditions of economic and financial variables for Pakistan, the USA, China, and India. Monthly data of gold, silver, platinum, stock returns, exchange rate, industrial production, and inflation was collected for the selected economies. Saikkonen and Lutkepohl (2002) unit root test was employed to access the unit root properties of the data series and identify the break dates. Furthermore, this study used the Johansen cointegration test with and without structural breaks to identify the long-run relationship between metals prices and different financial and economic variables. The findings suggest that the time series under study have unit root problem at level with and without structural breaks. Without considering structural breaks, the Johansen trace test indicates that in Pakistan and China, gold, silver, and platinum hold a cointegrating relationship with macroeconomic and financial variables. For the US, gold indicates cointegration which supports the hedging ability of gold against inflation, stock, and industrial production in the long run. The results of the cointegration test after incorporating the structural breaks provide even stronger evidence of the long-run relationship of precious metals and consumer prices, exchange rate, and stock prices.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2003.05a
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• pp.749-752
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• 2003

The HLA is defined by three components: (1) Rules, (2) the HLA Interface Specification, and (3) the Object Model Template(OMT). The RTI(Run-Time Infrastructure) software implements the interface specification. It provides services in a manner that is comparable to the way a distributed operating system provides services to applications. A way to test whether is suitable for a standard, and all service was implemented is tested through two phases of processes to verify the RTI which proposed in DMSO. In this paper, we discuss Level One Test Procedures and a method. Confirms whether RTI was implemented in Interface Specification according to Level One Test Procedures appropriately through a test. Develops Test Suite for every each step to test whether a correct command and the expected results are occur.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.34 no.3
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• pp.723-728
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• 2014

Hydraulic experiments are performed in order to verify the swash effect of seashore structures installed to prevent scouring. However, a great deal of investment and time are required for producing the test apparatus and seashore structure used to perform the hydraulic experiment. The swash effect can be predicted, however, by using a numerical model and validation can be done based on comparisons of the numerical model and hydraulic experiment analysis results, thereby saving the cost and time required for producing the test apparatus and seashore structure. Taking a polyhedral rubble mound structure as the subject, this study performed a comparative analysis of wave run-up and run-down height of the numerical model interpretative results and the hydraulic experiment results, and validated the interpretative simulation wave test modeling technique. The study also predicted the swash effect by using the numerical interpretation approach method, whereby the volume ratio and friction area of the rubble mound were varied for different results.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.4
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• pp.163-171
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• 2020

The study aims to examine the effects of inward every presence of foreign investment, import, and real exchange rate shocks on export performance in Vietnam. This study employs a time-series sample dataset in the period of 2009 - 2018. All data are collected from the General Statistics Office of Ministry of Planning and Investment in Vietnam, World Development Indicator and Ministry of Finance, State Bank of Vietnam. This study employs the Augmented Dickey-Fuller test and the vector error correction model with the analysis of cointegration. The results demonstrate that a higher value of import significantly accelerates export performance in the short run, but insignificantly generates in the long run. When the volume of registered foreign investment goes up, the export performance will predominantly decrease in the both short run and long run. Historically, countries worldwide are more likely to devaluate their currencies in order to support export performance. According to the study, the exchange rate volatility has an effect on the external trade in the long run but no effect in the short run. Finally, Vietnam's export performance converges on its long-run equilibrium by roughly 6.3% with the speed adjustment via a combination of import, every presence of foreign investment, and real exchange rate fluctuations.

• Journal of the Korean Society for Railway
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• v.8 no.4
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• pp.354-360
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• 2005

The railway track and the substructures constructed in the field test section of Kyongbu High Speed Line are the structures for HSL, for the first time designed and constructed by domestic technical group. It is very important to verify the local design criteria and specifications for these structures and also to assure the recordings for vibration or deflection produced on the essential parts of the structures. The study to verify the high-speed railway track performance and to ensure the run in safety on the track in curved section during the KTX run. Finally, the conclusion are drawn as follows. The measuring values of the deflection effort of the rail and displacement for verifying the track performance in the field test section of Kyoungbu HSL satisfy the criteria of the foreign countries (Japan and Germany). The measured value for the wheel load and the presumed value show the consistent tendency. The wheel loads of the exterior and interior of the rails at the speed superior to 300km/h are measured same. Finally, the comparison between the theoretical value presented during the verification of the derailment to evaluate the safety of the train run at the time of the detailed design of the track and the measured value in the field shows that the correct design of track structure was applied.

• Journal of the Korea Society of Computer and Information
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• v.15 no.1
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• pp.13-21
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• 2010

IEEE 1149.1 test architecture was proposed to support the test of elements within the boards. It is a large serial shift register that uses the TDI pin as an input and the TDO pin as an output. Even though it performs the board level test perfectly, there is a problems of running system level test when the boards are equipped to the system. To test real time operation signal on test pin, output speed of serial shift register chain must be above double clock speed of shift register. In this paper, we designed a runtime test architecture and a runtime test procedure under running system environments to capture runtime signal at system clock rate. The suggested runtime test architecture are simulated by Altera Max+Plus 10.0. through the runtime test procedure. The simulation results show that operations of the suggested runtime test architecture are very accurate.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.1935-1942
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• 2011

We have tested the developed Korean tilting train in main exisiting commercial line for speed-up on cuve section to achive reduction effects of running time. We have conducted a trial run test to speed-up 30km/h on curves in Gyeongbu line successfully. Normal current train have been operated 110km/h in 600m radius. Yet, tilting train was tested 135km/h(maximum operation line speed) in same sections. We confirmed that the dynamic runing stability of train was safety by regarding wheel load and lateral force.

• Journal of Distribution Science
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• v.10 no.9
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• pp.5-11
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• 2012

Purpose - The objective of the paper is to explain both the price sensitivity of international tourists to South Korea and the price sensitivity of Korean tourists to international travel. The study examines long-run equilibrium relationships and Granger causal relationships between foreign exchange rates and inbound and outbound tourism demand in South Korea. Research design/ data / methodology - The study employs monthly time series data from January 1990 to September 2010. The paper examines the long-run equilibrium relationship using the Johansen cointegration test approach after unit root tests. The short-run Granger causality was tested using the vector error correction model with the Wald test. Results - Hypothesis 1 testing whether there is a long-run equilibrium relationship between exchange rates, inbound and outbound tourism demand is supported. Hypothesis 2 testing whether exchange rates lead to a change in touristarrivals and expenditure is not supported. Hypothesis 3 testing whether exchange rates lead to a change in tourist departures and expenditure is supported. Conclusions - The findings of this study show that the impacts of tourism price competitiveness are changing quite significantly with regard to destination competitiveness. In other words, the elasticity of tourism price over tourism demand has been moderated.

• Communications for Statistical Applications and Methods
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• v.20 no.3
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• pp.199-205
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• 2013

We employ sieve bootstraps for empirical likelihood tests in time series models because their null distributions are often vulnerable to the presence of serial dependence. We found a significant size refinement of the bootstrapped versions of a Lagrangian Multiplier type test statistic regardless of the bandwidth choice required by long-run variance estimations.

• The Journal of the Korea Contents Association
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• v.5 no.4
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• pp.188-196
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• 2005

This paper presents a new test data compression and low power scan test method that can reduce test time and power consumption. A proposed method can reduce the scan-in power and test data volume using a modified scan cell reordering algorithm and hybrid adaptive encoding method. Hybrid test data compression method uses adaptively the Golomb codes and run-length codes according to length of runs in test data, which can reduce efficiently the test data volume compare to previous method. We apply a scan cell reordering technique to minimize the column hamming distance in scan vectors, which can reduce the scan-in power consumption and test data. Experimental results for ISCAS 89 benchmark circuits show that reduced test data and low power scan testing can be achieved in all cases. The proposed method showed an about a 17%-26% better compression ratio, 8%-22% better average power consumption and 13%-60% better peak power consumption than that of previous method.