• Title/Summary/Keyword: Short term effect

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Analysis about relation of Won/Dollar Foreign Exchange Rate and Interest Rate of Korea (IMF 전후기간의 원/달러환율과 금리에 대한 실증분석)

  • Kim, Jong-Gwon
    • Proceedings of the Safety Management and Science Conference
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    • 2005.11a
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    • pp.569-579
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    • 2005
  • International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. 'But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea.

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Analyzing the Relation between Energy Intensity, Energy Price and TFP in Korea (에너지 집약도, 에너지 가격 그리고 기술 수준 간의 동태적 관계 분석)

  • Kim, Kijin;Won, DooHwan;Jung, Sukwan
    • Environmental and Resource Economics Review
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    • v.29 no.2
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    • pp.195-217
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    • 2020
  • The improvement of energy intensity is drawing attention as a way to achieve sustainable development. Energy price and technology level are the main factors affecting energy intensity, and empirical studies on the relationship between the variables have been conducted mainly in overseas countries. However, analyzing the relation between energy intensity, energy price and technology has not been studied in Korea. Therefore, this study analyzed the dynamic relationship between energy intensity, energy price, and total factor productivity (TFP) in Korea. As a result of the analysis, the three variables form a long-term equilibrium relationship. The increase in TFP reduces energy intensity in both short and long term, and the long-term effect is greater than short-term effect. On the other hand, energy price do not have a significant impact on energy intensity. Granger causality test results show that energy intensity and TFP granger cause each other, but energy price is weak-exogenous.

The Role of Exchange Rate in the Spillover Effect of U. S. Interest Rate (미국 금리의 국제 전파효과에 대한 환율의 역할)

  • Jo, Gab-Je
    • Korea Trade Review
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    • v.42 no.4
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    • pp.49-68
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    • 2017
  • This paper investigates the spillover effect of the U.S. Interest on Korea's interest rate as well as the role of exchange rate in the spillover effects, by utilizing a open macro model on the determinants of long-term interest rates. According to the cointegration estimation and the Impulse response function, it is found that, across both long-term and short-term, there exist the spillover effect of the U.S. Interest on Korea's interest rate. The fiscal deficit and expected exchange rate have significantly positive relationship with the Koreas's long-term interest rate. Further, foreign exchange market intervention in Korea did not have significant effect on the spillover effect. Thus, this study suggests that exchange rate flexibility would not be enough to restrain the spillover effects of the U.S. interest rate.

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Effects of Short Term Creatine Loading on Repeated Bouts of Kicking, Plasma Components and Anaerobic power in Taekwondo player (단기간의 크레아틴 섭취가 태권도 선수의 발차기 횟수, 혈장요소 및 무산소성 파워에 미치는 영향)

  • Lee Ho-Song
    • The Journal of the Korea Contents Association
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    • v.6 no.4
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    • pp.136-145
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    • 2006
  • The main purpose of the present study was to find the effect of short term creatine loading on repeated bouts of kicking, plasma creatine phosphokinase and anaerobic power in male taekwondo player from high school. Eighteen male were randomly assigned to two groups. They were tested before and after 6 days of placebo($4{\times}5$ glucose d-1, N=9) or Creatine monohydrate loading(consume 0.3g kg-1, N=9). Only creatine loading group were significantly increased of repeated bouts of kicking, plasma creatine phosphokinase and anaerobic power These results suggest that short creatine loading was effective diet protocol in taekwondo player from male high school.

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A Study on the Radioactive Products of Components in Proton Accelerator on Short Term Usage Using Computed Simulation (몬테칼로 시뮬레이션을 활용한 양성자가속기 단기사용 시 구성품의 방사화 평가)

  • Bae, Sang-Il;Kim, Jung-Hoon
    • Journal of radiological science and technology
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    • v.43 no.5
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    • pp.389-395
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    • 2020
  • The evaluation of radioactivated components of heavy-ion accelerator facilities affects the safety of radiation management and the exposure dose for workers. and this is an important issue when predicting the disposal cost of waste during maintenance and dismantling of accelerator facilities. In this study, the FLUKA code was used to simulate the proton treatment device nozzle and classify the radio-nuclides and total radioactivity generated by each component over a short period of time. The source term was evaluated using NIST reference beam data, and the neutron flux generated for each component was calculated using the evaluated beam data. Radioactive isotopes caused by generated neutrons were compared and evaluated using nuclide information from the International Radiation Protection Association and the Korea Radioisotope association. Most of the nuclides produced form of beta rays and electron capture, and short-lived nuclides dominated. However, In the case of 54Mn, which is a radioactive product of iron, the effect of gamma rays should be considered. In the case of tritium generated from a material with a low atomic number, it is considered that handling care should be taken due to its long half-life.

A Numerical Study on the Short-term Dispersion of Toxic Gaseous and Solid Pollutant in an Open Atmosphere : Chemical Species, Temperature, Relative Velocity (고-기상 독성오염물질 단기 대기확산에 관한 수치해석적 연구 : 화학종, 온도, 상대속도)

  • 나혜령;이은주;장동순;서영태
    • Journal of the Korean Society of Safety
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    • v.10 no.3
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    • pp.68-80
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    • 1995
  • A series of parametric calculations have been performed in order to investigate the short-term and short-range plume and puff behavior of toxic gaseous and solid pollutant dispersion in an open atmosphere. The simulation is made by the use of the computer program developed by this laboratory, in which a control-volume based finite-difference method is used together with the SIMPLEC algorithm for the resolution of the pressure-velocity coupling appeared In Wavier-Stokes equation. The Reynolds stresses are solved by the standard two-equation k-$\varepsilon$ model modified for buoyancy together with the RNG(Renormalization Group) k-$\varepsilon$ model. The major parameters considered in this calculation are pollutant gas density and temperature, the relative velocity of pollutants to that of the surrounding atmospheric air, and particulate size and density together with the height released. The flow field is typically characterized by the formation of a strong recirculation region for the case of the low density gases such as $CH_4$ and air due to the strong buoyancy, while the flow is simply declining pattern toward the downstream ground for the case of heavy molecule like the $CH_2C1_2$and $CCl_4$, even for the high temperature, $200^{\circ}C$. The effect of gas temperature and velocity on the flow field together with the particle trajectory are presented and discussed in detail. In general, the results are physically acceptable and consistent.

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Evaluation on Maximum Irrigation Amounts of Groundwater Keeping up with a Demand During Short-term Drought (가뭄 수요대응 단기간 허용 가능한 최대 취수량 평가)

  • Lee, Byung Sun;Myoung, Wooho;Lee, Gyusang;Song, Sung-Ho
    • Journal of Soil and Groundwater Environment
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    • v.26 no.1
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    • pp.76-87
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    • 2021
  • Groundwater is considered to be the best water resource to solve water shortage problems during drought periods. Even though excessive pumping (overdraft) during short-period may give an unprofitable effect on groundwater hydrology, it has a primary role to solve a lack of water resources and to maintain incomes of farmers. This study evaluated maximum irrigation amounts of groundwater to each local-government and province during drought periods. Maximum irrigation amounts of groundwater were evaluated using cumulative groundwater usage data of each local-government during normal and drought years. Maximum irrigation amounts of groundwater during drought periods would be roughly identified as approximately 1.3 times more than the exploitable amounts of groundwater resources for each local-government. Drawdown-limitation depth on groundwater levels at each monitoring well was determined by transforming the maximum irrigating amounts into degree of change on levels. Universal limitation depth of drawdown on groundwater levels was evaluated to be approximately three times of annual fluctuating range on groundwater levels for each monitoring well. Systematic response on groundwater demands with abiding by drawdown-limitation depth can attain an optimal irrigation of groundwater resources during short-term drought.

Revolution of nuclear energy efficiency, economic complexity, air transportation and industrial improvement on environmental footprint cost: A novel dynamic simulation approach

  • Ali, Shahid;Jiang, Junfeng;Hassan, Syed Tauseef;Shah, Ashfaq Ahmad
    • Nuclear Engineering and Technology
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    • v.54 no.10
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    • pp.3682-3694
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    • 2022
  • The expansion of a country's ecological footprint generates resources for economic development. China's import bill and carbon footprint can be reduced by investing in green transportation and energy technologies. A sustainable environment depends on the cessation of climate change; the current study investigates nuclear energy efficiency, economic complexity, air transportation, and industrial improvement for reducing environmental footprint. Using data spanning the years 1983-2016, the dynamic autoregressive distributed lag simulation method has demonstrated the short- and long-term variability in the impact of regressors on the ecological footprint. The study findings revealed that economic complexity in China had been found to have a statistically significant impact on the country's ecological footprint. Moreover, the industrial improvement process is helpful for the ecological footprint in China. In the short term, air travel has a negative impact on the ecological footprint, but this effect diminishes over time. Additionally, energy innovation is negative and substantial both in the short and long run, thus demonstrating its positive role in reducing the ecological footprint. Policy implications can be extracted from a wide range of issues, including economic complexity, industrial improvement, air transportation, energy innovation, and ecological impact to achieve sustainable goals.

타부탐색, 메모리, 싸이클 탐지를 이용한 배낭문제 풀기

  • 고일상
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.514-517
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    • 1996
  • In solving multi-level knapsack problems, conventional heuristic approaches often assume a short-sighted plan within a static decision enviornment to find a near optimal solution. These conventional approaches are inflexible, and lack the ability to adapt to different problem structures. This research approaches the problem from a totally different viewpoint, and a new method is designed and implemented. This method performs intelligent actions based on memories of historic data and learning. These actions are developed not only by observing the attributes of the optimal solution, the solution space, and its corresponding path to the optimal solution, but also by applying human intelligence, experience, and intuition with respect to the search strategies. The method intensifies, or diversifies the search process appropriately in time and space. In order to create a good neighborhood structure, this method uses two powerful choice rules that emphasize the impact of candidate variables on the current solution with respect to their profit contribution. A side effect of so-called "pseudo moves", similar to "aspirations", supports these choice rules during the evaluation process. For the purpose of visiting as many relevant points as possible, strategic oscillation between feasible and infeasible solutions around the boundary is applied for intensification. To avoid redundant moves, short-term (tabu-lists), intermediate-term (cycle detection), and long-term (recording frequency and significant solutions for diversification) memories are used. Test results show that among the 45 generated problems (these problems pose significant or insurmountable challenges to exact methods) the approach produces the optimal solutions in 39 cases.lutions in 39 cases.

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Impact of Dynamic Load Model on Short-Term Voltage Stability of Korea Power System and Estimation of Dynamic Load Model Parameters (국내 계통의 단기 전압 안정도에 대한 부하 모델의 영향성 검토 및 부하 모델 파라미터 선정)

  • Moon, Jaemin;Kim, Jae-Kyeong;Hur, Kyeon;Nam, Suchul;Kim, YongHak
    • KEPCO Journal on Electric Power and Energy
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    • v.5 no.1
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    • pp.17-24
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    • 2019
  • In this paper, we analyzed the effect of power system load model on the short-term voltage stability analysis results. First, we introduced common load models. We also confirmed that some load models can not represent actual system phenomena even if the model parameters are optimized. Also, we studied about the influences of load parameters and regional characteristics of load model on the sort-term voltage stability of KEPCO power system considering the contingency. The results showed that the importance of selecting a load model was confirmed again. And we recognized about it can be understood that it should reflect the load characteristics of the area near the assumed contingency more accurately.