• Journal of the Korean Society of Manufacturing Technology Engineers
• /
• v.20 no.6
• /
• pp.817-823
• /
• 2011

This paper proposes a cooling stop temperature control(CST) and a phase transformation control(PTR) which aim at obtaining the uniform temperature and quality along the longitudinal direction of the high strength steel on the run-out table(ROT) process. The problems of the temperature control are analyzed for the conventional steel and the new control concepts are derived from a time-temperature transformation(TTT) diagram. The proposed control technologies are verified from the simulation results under the temperature prediction model by the heat transfer governing equation, and the temperature estimation simulator. It is shown through the field test of the hot strip mills that the phase transformation ratio of the high strength steel is considerably improved by the proposed temperature controls.

• Journal of Technology Innovation
• /
• v.25 no.1
• /
• pp.61-89
• /
• 2017

This study aims to estimate empirically the respective impacts of R&D expenditure, R&D labor, overseas direct investment, commodity trade balance, and technology trade openness on technology balance of payments. To examine the presence of co-integration between them, this paper employed the ARDL-bounds test using time series data from 1981 to 2014, and the result shows that there is a stable long-run equilibrium relationship among them. Furthermore, we estimated long- and short-run coefficients of the technology balance of payments with respect to each variables based on long-run equilibrium equation and error correction model. As a result, the technology balance of payments respond negatively to R&D labor and technology trade openness, and R&D expenditure does produce positive effects in the long-run, while coefficients of overseas direct investment and commodity trade balance in the long-run are not statistically significant. Besides, according to results of error correction model, overseas direct investment only has clearly a positive effects in the short-run, in contrast, the short-term relationships between the other variables and the technology balance of payments could not definitively derived. This implies that it is necessary to procure and cultivate talented personnel, as well as to enlarge gradually technology trade size in order to improve technology balance of payments from a long-term point of view.

• Transactions of the Korean Society for Noise and Vibration Engineering
• /
• v.21 no.9
• /
• pp.828-833
• /
• 2011

A reaction wheel assembly(RWA) is the largest disturbance source that can induce high frequency micro-vibration on an optical payload of satellites. To ensure a tight pointing-stability budget of satellites, the RWA disturbance effect on spacecraft should be accurately analyzed and evaluated for whole design phases. For this purpose, the micro-vibration disturbance of RWA should be precisely measured. In the present study, two measurement methods on RWA micro-vibration disturbances are compared and investigated. One is a free run-down speed test and the other is a constant speed test. The micro-vibration data measured by the two methods are analyzed in terms of spectrum characteristics, static and dynamic imbalance values, and root sum square(RSS) values. The analysis results show that both methods can measure very similar results in time and frequency domains and that the free run-down speed method is more adequate in respects to wheel friction modeling, noise rejection of imbalance and RSS peak evaluation.

• International Commerce and Information Review
• /
• v.12 no.1
• /
• pp.99-121
• /
• 2010

This paper reviews the categories and properties of risk measures, analyzes the classes and structural equations of volatility forecasting models, and presents the practical methodologies and their expansion methods of estimating and forecasting the volatilities of exchange rates using Excel spreadsheet modeling. We apply the GARCH(1,1) model to the Korean won(KRW) denominated daily and monthly exchange rates of USD, JPY, EUR, GBP, CAD and CNY during the periods from January 4, 1998 to December 31, 2009, make the estimates of long-run variances in the returns of exchange rate calculated as the step-by-step change rate, and test the adequacy of estimated GARCH(1,1) model using the Box-Pierce-Ljung statistics Q and chi-square test-statistics. We demonstrate the adequacy of GARCH(1,1) model in estimating and forecasting the volatility of exchange rates in the monthly series except the semi-variance GARCH(1,1) applied to KRW/JPY100 rate. But we reject the adequacy of GARCH(1,1) model in estimating and forecasting the volatility of exchange rates in the daily series because of the very high Box-Pierce-Ljung statistics in the respective time lags resulting to the self-autocorrelation. In conclusion, the GARCH(1,1) model provides for the easy and helpful tools to forecast the exchange rate volatilities and may become the powerful methodology to overcome the application difficulties with the spreadsheet modeling.

• Journal of the Korean Society for Railway
• /
• v.10 no.4
• /
• pp.414-419
• /
• 2007

The contact characteristics of the current collection system are investigated by analyzing data collected during a test run of the Korean high speed rail vehicle. For the analysis, the signals from accelerometers and load cells attached to the various parts of the pantograph are analyzed in both the time and frequency domains. In the frequency domain, the pantograph response consists of low frequency components related to the rigid-body motion of the panhead assembly and high frequency components due to the structural vibration modes of the pantograph. The analysis shows that the inclusion of the high frequency structural vibration modes of the pantograph in the contact force calculation has a negligible effect on the predicted mean value of the contact force but significantly affects the magnitude of its fluctuations. This finding implies that numerical simulations using lumped element models of the pantograph may accurately predict the mean contact force but is limited in its capacity for predicting the fluctuation about the mean. Since the ratio of the fluctuation to the mean in the contact force increases with increased train speed, the limitation of the predictions based on numerical simulation results becomes more pronounced at higher train speed.

• Journal of Korea Port Economic Association
• /
• v.32 no.4
• /
• pp.165-182
• /
• 2016

This study examines the competitiveness and cooperativeness among the container ports in East Asia by analyzing their monthly dynamics in eight years (2008-2015). Time series data on container throughput divided into origin and destination (O/D), such as the top six Chinese ports and the transshipment (T/S) ports such as Hong Kong, Busan, and Singapore, are computed with two methods based on the Vector Error Correction Model (VECM). The first Granger causality test results show that Busan T/S has significant bilateral relations with three Chinese O/D ports; and significant unidirectional relations with three other O/D ports. Shenzhen port has significant bilateral relations with Singapore, and has a significant unidirectional relation with Hong Kong port. Co-integrating test results showed that Busan holds negative co-integration with all Chinese O/D ports. Impulse response function (IRF) results show an opposite direction between paired ports. The ratios of the impulse from T/S ports are significantly high to one another in the short-run, but its power declines as time passes. The ratio of the impulse from the Chinese ports to T/S ports is less significant in the short-run period, however, it becomes more significant as time passes. The significance of most shocks was high in the second period, but was diluted after the sixth period.

• The Korean Journal of Financial Management
• /
• v.26 no.1
• /
• pp.65-94
• /
• 2009

The event of change in KOSPI 200 Index composition is one of the main subjects for the test of EMH. According to EMH, when a certain event is not related with firm's fundamental value, stock price should not change after the announcement of news. This hypothesis leads us to the conclusion of horizontal demand curve of stock. This logic was questioned by Shleifer(1986) and argued that downward sloping demand curve hypothesis was supported. But Harris and Gruel(1986) found a different empirical evidence that price reversal occurs in the long run, which is called price pressure hypothesis. They argued that short term price effect by large block trading (price pressure) is offset in the long run because these event is unrelated to fundamental value. Therefor, they argued that EMH can not be rejected in the long run. Until now, there are two empirical studies with Korean market data in this area. Using a data with same time period of $1996{\sim}1999$, Kweon and Park(2000) and Ahn and Park(2005) showed that stock price or beta is not significantly affected by change in index composition. This study retested this event expanding sample period from 1996 to 2006, and analyzed why this event was considered an uninformative events in the preceding studies. We analyzed a market impact by separating samples according to firm size and market condition. In case of newly enlisted firm, we found the evidence supporting price pressure hypothesis on average. However, we found the long run price effect in the sample of large firms under bearish markets. At the same time, we know that the number of samples under the category of large firms under bearish markets is relatively small, which drives the same result of supporting the hypothesis that change in index composition is a non-informative event on average. Also, the long run price effect of large size firms under bearish markets was supported by the analyses using trading volumes. On the other hand, in case of delisting from the index, we found the long run price effect but that was not supported by trading volume analyses.

• Journal of Korean Society of Transportation
• /
• v.27 no.1
• /
• pp.27-34
• /
• 2009

The operational effect of traffic signal control improvement was evaluated using the Two-Fluid Model. The parameters engaged in the Two-Fluid Model becomes food indicators to measure the quality of traffic flow due to the improvement of traffic signal operation. A series of experiment were conduced for the 31 signalized intersections in Uijeongbu City. To estimate the parameters in the Two-Fluid Model the trajectory informations of individual vehicles were collected using the CORSIM and Run Time Extension. The test results showed 35 percent decrease of average minimum trip time per unit distance. One of the parameters in the Two-Fluid Model is a measure of the resistance of the network to the degraded operation with the increased demand. The test result showed 28 percent decrease of this parameter. In spite of the simulation results of the arterial flow, it was concluded that the Two-Fluid Model is useful tool to evaluate the improvement of the traffic signal control system from the macroscopic aspect.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.5
• /
• pp.769-775
• /
• 2021

The objective of this research was to analyze the factors influencing the farm-gate shrimp prices in Thailand using monthly time series from January 2001 to December 2019. The econometric methodology was employed to satisfy the purpose, consisting of the cointegration test for revealing the long-run relationship and equilibrium elasticity between the variables as well as the error correction model for detecting speed adjustment to shock responses. The empirical results revealed that (1) the export shrimp prices, shrimp production in the country, and shrimp export volume indicated a long-run relationship running to the farm-gate shrimp prices in Thailand with the size of equilibrium elasticity equal to 1.083%, -0.256%, and 0.123, respectively, and (2) the farm-gate shrimp prices in Thailand would adjust to the equilibrium line with a speed equal to 20.147% if there was any kind of incident or shock which caused the relationship to deviate from the equilibrium point. There was no relationship in terms of global shrimp prices and the exchange rate for farm-gate shrimp prices in Thailand. The recommendations should emphasize the varieties of shrimp products for export to other countries beyond the main trading markets nowadays to reduce risks and fluctuations in the export prices of shrimp products.

• Proceedings of the Korean Geotechical Society Conference
• /
• 2006.03a
• /
• pp.12-19
• /
• 2006

Landslide model experiments considering hourly rainfall were performed to investigate and predict the run out distance induced by landslides. The model flume and the rainfall simulator were designed and produced. The model flume was designed in consideration of the landslide characteristics of Korea. The landslides in Korea were mainly occurred in the interface between soil layer and rock layer. The rainfall simulator was produced for controlling hourly rainfall ranged from 100mm/hr to 1,000mm/hr. Jumnunjin standard sand as slope soils was placed on the model flume. The model experiments were performed with changing the hourly rainfall ranged from 150mm/hr to 250mm/hr. In this experiments, the inclination of slope was 25o and the relative density of slope soils was 35%. As a result of experiments, the pore water pressure is rapidly increased at landslide occurring time, and the scale of landslide is increased with increasing in hourly rainfall. The spreading range of run out distance is occurred with pan type, and the spreading width and length are rapidly increased in its early stage and slowly increased after early stage. Also, The increasing velocity of run out distance of debris is influenced by hourly rainfall.