• Title/Summary/Keyword: System margin

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A Risk-Return Analysis of Loan Portfolio Diversification in the Vietnamese Banking System

  • HUYNH, Japan;DANG, Van Dan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.105-115
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    • 2020
  • The study empirically examines the effects of loan portfolio diversification on bank risk and return in the nascent banking market of Vietnam. Loan portfolio diversification is captured through the Hirschman-Herfindahl index and the Shannon Entropy with sectoral exposures. We access each bank's financial reports to collect the required data, especially the breakdown of sectoral loan portfolios, thus constituting a unique dataset. To compute bank return, we use the traditional accounting indicators, including return-on-assets, return-on-equity, and net-interest margin. For bank risk, we utilize the loan-loss provisions and non-performing loans relative to gross customer loans. Using a sample of 30 commercial banks over the period from 2008 to 2019 and the system generalized method of moments estimator for the dynamic panel, we indicate the downsides of portfolio diversification. Concretely, we observe that all diversification measures exhibit significantly negative signs in all regressions across different bank return proxies. At the same time, the estimates display the significant and positive impact of diversification on the non-performing loan ratio. Hence, sectoral loan portfolio diversification significantly hampers bank performance in both aspects of lower return and higher credit risk. The results are robust across a rich set of bank performance and portfolio diversification measures.

A Study On the Gain Setting of a Digital Governor for Marine Diesel Engines by Dynamic Calculation (선박 주기관 디지털 거버너의 동적 이득 설정에 관한 연구)

  • 강인철;최순만;최재성
    • Journal of Advanced Marine Engineering and Technology
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    • v.26 no.5
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    • pp.565-572
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    • 2002
  • The design concept of diesel engines for sea-going ships has been directed to Low-speed/Long-Stroke type to improve the efficiencies of combustion and propelling. But time-delay inevitable at low speed gives much difficulties for governors to control the engine speed because they would be apt to go into unstable region especially when operating at low speed. The purpose of this paper is to study the problem of how the governor gain can be calculated dynamically in accordance with the valiance of engine speed to locate the engine still on the properly stable condition. In this study, the property of diesel engine was described as composed of combustion element including dead time and rotating element, and the ultimate gain for the speed control system to be located on the condition of stability limit was proposed based on the frequency characteristics. And the target gains with optimized stability also were proposed by giving proper margin to these ultimate conditions. The results were applied to a model system and the availability was confirmed to be satisfactory.

The Lago Sofia Conglomerate : Debris Flow to Hyperconcentrated Flow Deposits in a Cretaceous Submarine Channel, Southern Chile

  • Choe, Moon-Young;Sohn, Young-Kwan;Jo, Hyung-Rae;Kim, Yea-Dong
    • Ocean and Polar Research
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    • v.24 no.3
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    • pp.289-300
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    • 2002
  • The Lago Sofia conglomerates encased in the Cretaceous Cerro Toro Formation, southern Chile, represent a gigantic submarine channel system developed along a foredeep trough. The channel system consists of several tributaries along the trough margin and a trunk channel along the trough axis. Voluminous debris flows were generated ubiquitously along the tract of the submarine channel mainly by the failure of nearby channel banks or slopes. The flows transformed immediately into multiphase flows and resulted in very thick-bedded mass-flow deposits with a peculiar structure sequence. The mass-flow deposits commonly overlie fluted or grooved surfaces and consist of a lower division of clast-supported and imbricated pebble-cobble conglomerate with common basal inverse grading, and an upper division of clast- to matrix-supported and disorganized pebble conglomerate or pebbly mudstone with abundant intraformational clasts. The structure sequence suggests a temporal succession of a turbidity current, a bipartite hyperconcentrapted flow with active clast collisions near the flow base, and a cohesive debris flow probably with a rigid plug. The multiphase flow is interpreted to have resulted from transformation of clast-rich but cohesive debris flows. Cohesive debris flows appear to transform more easily into dilute flow types in subaqueous environments because they are apt to hydroplane. This is in contrast to the flow transitions in subaerial environments where noncohesive debris flows are dominant and difficult to hydroplane.

A STUDY ON THE PRESSING ACCURACY OF THE REUSED IPS-EMPERESS INGOT (재 사용된 IPS-empress ingot의 pressing accuracy에 관한 연구)

  • Song, Byung-Kwen;Park, Hyun-Bae;Oh, Sang-Chun;Jin, Tae-Ho
    • The Journal of Korean Academy of Prosthodontics
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    • v.35 no.2
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    • pp.357-364
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    • 1997
  • IPS-empress system is one of widely used all ceramic system. The purpose of this study was to determine the pressing accuracy of reused IPS%Empress ingot. 10 specimens were made using new ingot first, and using the rests of the specimen the another group of specimens were made next. finally, the third group of specimens were made with same procedure mentioned above. The results obtained in this study were as follows ; 1. The pressing accuracy of the first group of specimen was 96.1%, that of the second group was 95.4%, and that of the third group was 95.4%. There was no statistical significance among them, that is, the reuse of the IPS-Empress ingot did not influence on the pressing accuracy. 2. the common site of the defect in pressed ingot was central area at the margin opposite of sprue hole.

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Gigabit-capable WDM-PON Using Long-Wavelength VCSEL (장파장 VCSEL을 이용한 Gigabit-capable WDM-PON)

  • 박상민;이승걸;오범환;박세근;이일항
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.29 no.2A
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    • pp.119-127
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    • 2004
  • This paper reports on the simulation study of gigabit-capable Passive Optical networks (GPON) using WDM focused on single light source per each channel, and proposes using 1550nm VCSEL for light sources. Proposed system uses high speed direct-modulated light sources, in which the merit is able to maintain a low loss. to support broad bandwidth, and to lower network configuration cost. We conformed simulation study on the transmission of the downstream 2.5Gbit/s, upstream 1.25Gbit/s, 622Mbit/s which was recommended by ITU-T G.984.1. We measured the transmission margin and examined the feasibility of proposed system.

A Novel Resource Allocation Algorithm in Multi-media Heterogeneous Cognitive OFDM System

  • Sun, Dawei;Zheng, Baoyu
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.4 no.5
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    • pp.691-708
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    • 2010
  • An important issue of supporting multi-users with diverse quality-of-service (QoS) requirements over wireless networks is how to optimize the systematic scheduling by intelligently utilizing the available network resource while, at the same time, to meet each communication service QoS requirement. In this work, we study the problem of a variety of communication services over multi-media heterogeneous cognitive OFDM system. We first divide the communication services into two parts. Multimedia applications such as broadband voice transmission and real-time video streaming are very delay-sensitive (DS) and need guaranteed throughput. On the other side, services like file transmission and email service are relatively delay tolerant (DT) so varying-rate transmission is acceptable. Then, we formulate the scheduling as a convex optimization problem, and propose low complexity distributed solutions by jointly considering channel assignment, bit allocation, and power allocation. Unlike prior works that do not care computational complexity. Furthermore, we propose the FAASA (Fairness Assured Adaptive Sub-carrier Allocation) algorithm for both DS and DT users, which is a dynamic sub-carrier allocation algorithm in order to maximize throughput while taking into account fairness. We provide extensive simulation results which demonstrate the effectiveness of our proposed schemes.

Perforator Reconstruction to Salvage the Jeopardized Flaps

  • Eom, Jin Sup;Choi, Dong Hoon
    • Archives of Reconstructive Microsurgery
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    • v.24 no.1
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    • pp.24-27
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    • 2015
  • During flap elevation, most perforators are cut except one or more perforators that are essential to flap survival. However these cutout perforators can cause deterioration of the blood circulation of the flap. To salvage the jeopardized flaps, rebuilding the perforator system is essential for flap survival. In the first case, after flap elevation, the upper abdominal flap margin was severely ischemic. To supply blood to the upper abdominal flaps, we found and used a major perforator underneath the upper abdominal flap which was cut earlier during the elevation, and we performed reanastomosis with ipsilateral deep inferior epigastric artery. Upper abdominal flap ischemic area was limited to a narrow suture area. In the second case, we performed free superficial inferior epigastric artery (SIEA) flap reconstruction. After successful anastomosis of the SIEA and superficial inferior epigastric vein (SIEV) with internal mammary artery and vein, serious venous congestion occurred immediately because of SIEV malfunction. We found the largest perforator vein under the flap, as an alternate way to drain, then connected it with the thoracoacromial vein with a vein graft harvested in the contralateral SIEV. Circulation has improved. In conclusion, perforator system reconstruction is essential in a jeopardized flap salvage.

Design of Moving Coil Type Optical Pickup Actuator for Flexible Disk System (유연디스크용 가동 코일형 광 픽업 엑추에이터 개발)

  • Kim, Yoon-Ki;Song, Myeong-Gyu;Lee, Dong-Ju;Yoo, Jeong-Hoon;Park, No-Cheol;Park, Young-Pil
    • Transactions of the Society of Information Storage Systems
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    • v.2 no.4
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    • pp.240-244
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    • 2006
  • As high-definition television(HDTV) broadcasting becoming more generalized, there have been many researches and developments about a large storage capacity and a fast data transfer rate in optical disk drives (ODD). Pickup actuators must have high flexible mode frequencies and large gain margins. Flexible modes are caused by the flexibility of moving parts in the actuator and a servo bandwidth is limited by them. As a result, the system becomes unstable for high-speed operations in high density reading and recording. In this paper, we suggest improved modeling method in considering of the bonding layer. And, the flexible mode frequency of actuator is improved by Design of Experiments of lens holder. The Magnet circuit is designed considering the relation with the moving part. Through improving the yoke design, the magnetic flux is changed and the DC tilt is reduced. Consequently, we designed an actuator which has a high flexible mode frequency and a large gain margins.

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Comparative Performance Study of Various Algorithms Computing the Closest Voltage Collapse Point (최단 전압붕괴 임계점을 계산하는 알고리즘의 특성 비교)

  • Song, Chung-Gi;Nam, Hae-Kon
    • Proceedings of the KIEE Conference
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    • 1997.07c
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    • pp.1078-1082
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    • 1997
  • The distance in load parameter space to the closest voltage collapse point provides the worst case power margin and the left eigenvector identifies the most effective direction to steer the system to maximize voltage stability under contingency. This paper presents the results of the comparative performance study of the algorithms, which are applicable to a large scale power system, for computing the closest saddle node bifurcation (CSNB) point. Dobson's iterative method converges with robustness. However the slow process of updating the load increasing direction makes the algorithm less efficient. The direct method converges very quickly. But it diverges if the initial guess is not very close to CSNB. Zeng's method of estimating the approximate critical point in the pre-determined direction is attractive in the sense that it uses only using load flow equations. However, the method is found to be less efficient than Dobson's iterative method. It may be concluded from the above observation that the direct method with the initial values obtained by carrying out the iterative method twice is most efficient at this time and more efficient algorithms are needed for on-line application.

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A Failure Analysis on the Broken Last Blade of 30MW Steam Turbine (30MW 증기터빈 최종단 회전익 파단 사고 분석)

  • Kim, S.B.;Kim, I.C.;Han, S.W.;Jun, C.H.
    • Journal of Power System Engineering
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    • v.11 no.1
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    • pp.5-15
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    • 2007
  • In the recently released accident-investigation report on blade failure, almost 70% of blade failures was found at low pressure turbine blades, and it is well known that main cause is due to the vibration modes. This paper describes the systematic approach on the root cause of the blade failure at L 0 stage, 30MW single flow industrial steam turbine which had tripped by high vibration after ten-month commercial operation. A fracture was found at the only one damping wire hole of 59 blades, and crack was detected at three damping wire holes by NDT. According to the analysis result for the crack fracture surface and the chain of the sequential operational events, we come to the conclusion that a typical high cycle fatigue is the most dominant factor caused to the blade failure, the resonance frequency margin was narrowed by the cut damping wire and the high cycle vibration was amplified, and then the blade was broken at once by the centrifugal force when the crack reached the critical size.

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