• 통상정보연구
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• 제8권1호
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• pp.371-398
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• 2006

Gold prices are rising around the world in all major currencies. This is a telltale sign of a Stage Two gold bull where gold decouples from the US dollar. In this study, We analysed a confluence of factors seem to be feeding gold's gains and the typical shape of a secular gold bull---gold bulls' three stages. Stages one, two, and three of a secular gold bull are defined by the major changes. Each stage, considered in turn, makes perfect sense when described in terms of global investor demand. Since Stage One is currency-devaluation driven, the young gold bull is most noticeable in terms of the dominant eroding currency. Now after three or four years of stage one, Stage Two arrives. Stage Two marks a momentous event when gold decouples from the local-currency devaluation. In the case of our gold bull today, Stage Two will be here when gold starts consistently rising faster than the dollar is able to fall. After five or so years of Stage Two gains, gold has a chance at going ballistic in stage three. Stage Three is only ignited if the general public around the world starts growing enamored with gold investing. In summary, the first stage being when insiders and professionals invest in the market. The second stage is when the general public and financial media recognizes that the bull market is real. The third stage is the mania stage when people feel that not only is the bull market real, but it is a must own situation. Through the study we found that gold is entering it now.

• International Journal of Air-Conditioning and Refrigeration
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• 제7권
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• pp.55-68
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• 1999

In this study, computer simulation programs were developed for single-stage, two-stage, and three-stage condensation heat pumps and their performance with CFC11, HCFC123, HCFC141b was examined under the same external conditions. The results showed that the coefficient of performance(COP) of an optimized 'non-split type' three-stage condensation heat pump is 25-42% higher than that of a conventional single-stage heat pump. The increase in COP, however, differed among the fluids tested. The improvement in COP is largely due to the decrease in average LMTDs in condensers, which results in the decrease in thermodynamic irreversibility in heat exchange process. For the three-stage heat pump, the highest COP is achieved when the total condenser area is evenly distributed among the three condensers. For the two-stage heat pump, however, the optimum distribution of the total condenser area varies with an individual working fluid. For the three-stage system, 'splitting the condenser cooling water'for the use of intermediate and high pressure subcoolers helps increase the COP further. When the individual cooling water entering the intermediate and high pressure subcoolers is roughly 10% of the total condenser cooling water, the maximum COP is achieved showing roughly an 11% increase in COP as compared to that of the 'non-split type' heat pump.

• 대한산업공학회지
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• 제41권5호
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• pp.425-438
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• 2015

This study proposes a three-stage model of R&BD performance which captures commercialization outcomes as well as conventional R&D performance. The model is composed of three factors : inputs (R&D budgets and researchers), outputs (patents and papers), and outcomes (technical fees, products sales, and cost savings). Three stages are defined for each transformation process between the three factors : efficiency stage from input to output (stage 1), effectiveness stage from output to outcome (stage 2), and productivity stage from input to outcome (stage 3). The performance of each stage is measured by data envelopment analysis (DEA). DEA is a non-parametric efficiency measurement technique that has widely been used in R&D performance measurement. We measure the performance of 171 projects of 6 public R&BD programs managed by Seoul Business Agency using the proposed three-stage model. In order to provide a balanced and holistic view of R&BD performance, the R&BD performance map is also constructed based on performance of efficiency and productivity stages.

• 품질경영학회지
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• 제44권4호
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• pp.751-770
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• 2016

Purpose: Two-stage ${\bar{X}}$ chart is a useful tool for process control when a surrogate variable may be used together with a performance variable. This paper extends the two-stage ${\bar{X}}$ chart to a three stage version by decomposing the first stage into the preliminary stage and the main stage. Methods: The expected cost function is derived using Markov-chain approach. The optimal designs are found for numerical examples using a genetic algorithm combined with a pattern search algorithm and compared to those of the two-stage ${\bar{X}}$ chart. Sensitivity analysis is performed to see the parameter effects. Results: The proposed design outperforms the optimal design of the two-stage ${\bar{X}}$ chart in terms of the expected cost per unit time unless the correlation between the performance and surrogate variables is modest and the shift in process mean is smallish. Conclusion: Three-stage ${\bar{X}}$ chart may be a useful alternative to the two-stage ${\bar{X}}$ chart especially when the correlation between the performance and surrogate variables is relatively high and the shift in process mean is on the small side.

• 전력전자학회:학술대회논문집
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• 전력전자학회 2005년도 전력전자학술대회 논문집
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• pp.430-432
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• 2005

This paper presents a novel, single stage, isolated, three-phase switching rectifier capable of switching at high frequency. The circuit topology Provides zero-voltage switching for all switches, output voltage regulation, unity input power factor, all in a single power conversion stage. Operating principle and experimental results in the 48V/100A DC power supply of three-phase single stage method are presented.

• 한국공작기계학회논문집
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• 제17권4호
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• pp.51-58
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• 2008

This paper presents a new design of the precision stage for the reticle in lithography process and a low hunting control method for the stage. The stage has three axes for X, Y, ${\theta}_z$ those actuated by three voice coil motors individually. The designed reticle stage system has three gap sensors and voice coil motors, and supported by four air bearings and the forward/inverse kinematics of the stage were solved to get an accurate reference position. When a stage is in regulating control mode, there always exist small fluctuations(stage hunting) in the stage movement. Because the low stage hunting characteristic is very important in recent lithography and nano-level applications, a special regulating controller for ultra low hunting is proposed in this paper. Also this research proposed the 2-step transmission system for preventing the noise infection from environmental devices. The experimental results showed the proposed regulating control system reduced hunting noise as 35nm(rms) when a conventional PID generates 77nm(rms) in the same mechanical system. Besides the reticle stage has 100nm linear accuracy and $1{\mu}rad$ rotation accuracy at the control frequency of 8kHz.

• International Journal of Fluid Machinery and Systems
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• 제9권2호
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• pp.107-118
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• 2016

This paper focuses on the single stage and multistage performance characteristics of centrifugal mixed flow submersible borewell pump. This study reveals that the performance of single stage pump is higher than that of multistage pumps. The head, input power and efficiency of single stage pump are higher than the per stage head, per stage input power and efficiency of multistage pumps. This study is divided into three parts. In the first part, five prototype pumps were made in single stage and multistage construction and the performance tests were conducted. In the second part, numerical validation has been done for different turbulence models and grid sizes. k-Omega SST model has been selected for the performance simulation and was validated with the performance of the test pump with static pressure tappings. In the third part, single and three stage pump performance were simulated numerically and compared with experimental results. The detailed analysis of pressure and velocity distributions reveals the difference in performance of single and three stage pump, due to non-uniform flow and difference in averaged flow velocities at the subsequent impeller inlets except the 1st stage impeller inlet.

• Nuclear Engineering and Technology
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• 제55권7호
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• pp.2697-2711
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• 2023

In this study, the validity of reducing the number of gas turbine stages designed for a nitrogen Brayton cycle coupled to a sodium-cooled fast reactor was assessed. The turbine performance was evaluated through computational fluid dynamics (CFD) simulations under different off-design conditions controlled by a reduced flow rate and reduced rotational speed. Two different multistage gas turbines designed to extract almost the same specific work were selected: two- and three-stage turbines (mid-span stage loading coefficient: 1.23 and 1.0, respectively). Real gas properties were considered in the CFD simulation in accordance with the Peng-Robinson's equation of state. According to the CFD results, the off-design performance of the two-stage turbine is comparable to that of the three-stage turbine. Moreover, compared to the three-stage turbine, the two-stage turbine generates less entropy across the shock wave. The results indicate that under both design and off-design conditions, increasing the stage loading coefficient for a fewer number of turbine stages is effective in terms of performance and size. Furthermore, the Ellipse law can be used to assess off-design performance and increasing exponent of the expansion ratio term better predicts the off-design performance with a few stages (two or three).

• Journal of the Korean Data and Information Science Society
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• 제23권6호
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• pp.1279-1287
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• 2012

We particularly emphasized how to determine the number of replications with sequential and multistage procedures. So, the t-test is used to achieve some predetermined level of accuracy efficiently with loss function in the case of normal, chi-squared, an exponential distributions. We provided that the relevance of procedures are sequential procedure, two-stage procedure, modified two-stage procedure, three-stage procedure and accelerated sequential procedure. Monte Carlo simulation is carried out to obtain the stopping sample size that minimizes the risk.

• 유체기계공업학회:학술대회논문집
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• 유체기계공업학회 2001년도 유체기계 연구개발 발표회 논문집
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• pp.203-208
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• 2001

In this paper, the pumping performance of the three-stage disk-type drag pump which works in the outlet pressure range from 4 to 0.01 Torr is studied experimentally. The rotational speed of the pump is 24,000rpm, and nitrogen is used as a test gas, The pumping characteristics of various drag pumps are investigated. The inlet pressures are measured for various outlet pressures of the test pump. The maximum compression ratios for zero throughput are measured for three-stage, two-stage BSC type, helical-type, one-stage BSC type and one-stage OSC type, respectively.