• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.9
• /
• pp.1-8
• /
• 2022

This paper studies market efficiency from a weak form aspect using opening and closing prices of the Shanghai stock exchange composite index (SSEC) and Shenzhen stock exchange composite index (SZSEC) under the expected return theory. Classical methods (autocorrelation and runs test) are used to examine the features of stock returns, and little evidence against mutual independence of returns is found. We predict daily returns of SSEC and SZSEC with AR(p) and VAR(p) models (in this paper, p = 5 is taken as a one-week lag) and perform a virtual experiment on two indexes based on the predicted value of daily returns from AR(p) or VAR(p) model. From the results of AR(p) and VAR(p) for two indexes, we attempt to find out how the market efficiency level changes when the information from the other market is under consideration as we check the market efficiency level in one market. We find that SSEC in 2014-2016 and SZSEC in 2015-2016 are inefficient from the result of autocorrelation, that SSEC in 2016 and SZSEC in 2013 are not efficient from the result of runs test, that the stock market is efficient except 2005, 2009, 2010 and 2017 in SSEC and 2005, 2016 and 2017 in SZSEC and that SSEC is more influenced by SZSEC but SSEC influences SZSEC less from the result of the virtual experiment.

• Advances in nano research
• /
• v.10 no.4
• /
• pp.385-395
• /
• 2021

This research concentrates on the effects of distributions and volume fractions of carbon nanotubes (CNT) on the nonlinear bending behavior of deep cylindrical panels reinforced by functionally graded carbon nanotubes under thermo-mechanical loading, hitherto not reported in the literature. Assuming the effects of shear deformation and moderately high value of the radius-to-side ratio (R/a), based on the first-order shear deformation theory (FSDT) and von Karman type of geometric nonlinearity, the governing system of equations is obtained. The analytical solution of field equations is carried out using the Ritz method together with the Newton-Raphson iterative scheme. The effects of radius-to-side ratio, temperature change, and boundary conditions on the nonlinear response of the functionally graded carbon nanotubes reinforced composite deep cylindrical panel (FG-CNTRC) are investigated. It is concluded that, among the five possible distribution patterns of CNT, FG-V CNTRC deep cylindrical panel is strongest with the highest bending moment and followed by UD, X, O, and Ʌ-ones. Also, considering the present deep cylindrical panel formulation increases the accuracy of the results. Hence, according to the noticeable amount of R/a in FG-CNTRC cylindrical panels, it is mandatory to apply strain-displacement relations of deep cylindrical panels for bending analysis of FG-CNTRC which certainly is desirable for industrial application.

• Journal of Korean Port Research
• /
• v.6 no.2
• /
• pp.43-64
• /
• 1992

This study discusses the interacting with deep water waves approaching from deep water based on the linear wave theory and steep sloping sea bottom floor by the numerical procedure. The results of particular interest are particle velocity and acceleration in x, y, z direction wave height amplification factor reflection coefficient and dimensionless pressure distribution on the steep sloping bottom with respect to the various incident wave angle. The wave loads relative to various bottom slopes, incident wave angles and wave periods on submerged breakwater and pipe are represented in comparison with mild sloping bottom the wave load parameters on the steep sloping bottom seemed to be influenced by variation of incident wave angle. In general the particle velocities and accelerations in x, y, z directions on the steep sloping bottom represented larger value or about two than those on the mild sloping bottom according to incident wave angle. However, the wave height amplification factors did not show distinct difference, but the slight variation with respect to the various incident angle showed on mild sloping bottom. The reflection coefficient increased with respect to increase of the incident angle on the steep sloping bottom the results also indicate that the very steep sloping beach produces a rather substantial amount of reflection as we expected. No significant variation of wave pressure was shown on the steep sloping bottom but it represented a certain amount of variation on the mild sloping bottom according to the various incident wave angle. The analysis at the OTEC site also showed similar results.

• Korean Journal of Oriental Medicine
• /
• v.2 no.1
• /
• pp.84-103
• /
• 1996

The physiological signals measured by Oriental Medicine instruments have been analyzed quantitatively in the view of the rule of promoting and counteracting relation of five evolutive phases theory. We tried to reduce the physiological signals measured by EAV(Elec-tro-Acupuncture according to Voll) and IR thermography to the representation of five evelutive phases. The EAV index and local skin temperature on acupuncture points of each phases measured and normalized so that the total value of five phases became unity. We assumed that the normalized EAV index and local skin temperature mean the deficiency or excess of Qi for each phases. The state of Qi distribution for each phases were approximately agree with the diagnostic pattern of O. M. doctor. Taking account of the Qi distribution state of·or the five evolutive phases, we performed a proper needle insertion on acupuncture points to induce the distinct change of Qi for each phases. We compared the measured results with the predictions of Qi variation by the rule of pro- moting and counteracting relation over the five evolutive phases. For all cases, the variation of Qi in the own phase on which a needle insertion was performed were exactly same to the theoretical prediction and partial agreement was shown for the other four phases. The same analysis was carried to the results of skin temperature measurements at accupoints. We found that the local skin temperature at accupoints of each phases shelved a finite change by the needle insertion and the behavior- of its change were strongly correlated to the rule of promoting and counteracting relation of five evolutive phases.

• The Korean Journal of Applied Statistics
• /
• v.29 no.5
• /
• pp.807-822
• /
• 2016

The composite lognormal-GPD models (LN-GPD) enjoys both merits from log-normality for the body of distribution and GPD for the thick tailedness of the observation. However, in the estimation perspective, LN-GPD model performs poorly due to numerical instability. Therefore, a two-stage procedure, that estimates threshold first then estimates other parameters later, is a natural method to consider. This paper considers five nonparametric threshold estimation methods widely used in extreme value theory and compares their performance in LN-GPD parameter estimation. A simulation study reveals that simultaneous maximum likelihood estimation performs good in threshold estimation, but very poor in tail index estimation. However, the nonparametric method performs good in tail index estimation, but introduced bias in threshold estimation. Our method is illustrated to the service time of an Israel bank call center and shows that the LN-GPD model fits better than LN or GPD model alone.

• Journal of Ocean Engineering and Technology
• /
• v.34 no.6
• /
• pp.406-418
• /
• 2020

In this study, a nonlinear wave simulation code is developed using a higher-order spectral (HOS) method. The HOS method is very efficient because it can determine the solution of the boundary value problem using fast Fourier transform (FFT) without matrix operation. Based on the HOS order, the vertical velocity of the free surface boundary was estimated and applied to the nonlinear free surface boundary condition. Time integration was carried out using the fourth order Runge-Kutta method, which is known to be stable for nonlinear free-surface problems. Numerical stability against the aliasing effect was guaranteed by using the zero-padding method. In addition to simulating the initial wave field distribution, a nonlinear adjusted region for wave generation and a damping region for wave absorption were introduced for wave generation simulation. To validate the developed simulation code, the adjusted simulation was carried out and its results were compared to the eighth order Stokes theory. Long-time simulations were carried out on the irregular wave field distribution, and nonlinear wave propagation characteristics were observed from the results of the simulations. Nonlinear adjusted and damping regions were introduced to implement a numerical wave tank that successfully generated nonlinear regular waves. According to the variation in the mean wave steepness, irregular wave simulations were carried out in the numerical wave tank. The simulation results indicated an increase in the nonlinear interaction between the wave components, which was numerically verified as the mean wave steepness. The results of this study demonstrate that the HOS method is an accurate and efficient method for predicting the nonlinear interaction between waves, which increases with wave steepness.

• Geomechanics and Engineering
• /
• v.34 no.6
• /
• pp.683-696
• /
• 2023

The destruction and fracture of rock masses are crucial components in engineering and there is an increasing demand for the study of the influence of rock mass heterogeneity on the safety of engineering projects. The numerical manifold method (NMM) has a unified solution format for continuous and discontinuous problems. In most NMM studies, material homogeneity has been assumed and despite this simplification, fracture mechanics remain complex and simulations are inefficient because of the complicated topology updating operations that are needed after crack propagation. These operations become computationally expensive especially in the cases of heterogeneous materials. In this study, a heterogeneous model algorithm based on stochastic theory was developed and introduced into the NMM. A new fracture algorithm was developed to simulate the rupture zone. The algorithm was validated for the examples of the four-point shear beam and semi-circular bend. Results show that the algorithm can efficiently simulate the rupture zone of heterogeneous rock masses. Heterogeneity has a powerful effect on the macroscopic failure characteristics and uniaxial compressive strength of rock masses. The peak strength of homogeneous material (with heterogeneity or standard deviation of 0) is 2.4 times that of heterogeneous material (with heterogeneity of 11.0). Moreover, the local distribution of parameter values can affect the configuration of rupture zones in rock masses. The local distribution also influences the peak value on the stress-strain curve and the residual strength. The post-peak stress-strain curve envelope from 60 random calculations can be used as an estimate of the strength of engineering rock masses.

• Advances in nano research
• /
• v.14 no.4
• /
• pp.375-389
• /
• 2023

In this study, free vibration analysis of functionally graded (FG) porous truncated conical shell panels reinforced by graphene platelets (GPLs) has been investigated for the first time. Additionally, the effect of three different types of porosity distribution and five different types of GPLs patterns on dynamic response of the shell are also studied. Halpin-Tsai micromechanical model and Voigt's rule are used to determine Young modulus, shear modulus and Poisson's ratio with mass densities of the shell, respectively. The main novelties of present study are: applying 3D elasticity theory and the finite element method in conjunction with Rayleigh-Ritz method to give more accurate results unlike other simplified shell theories, and also presenting a general 3D solution in cylindrical coordinate system that can be used for analyses of different structures such as circular, annular and annular sector plates, cylindrical shells and panels, and conical shells and panels. A convergence study is performed to justify the correctness of the obtained solution and numerical results. The impact of porosity and GPLs patterns, the volume of voids, the weight fraction of graphene nanofillers, semi vertex and span angles of the cone, and various boundary conditions on natural frequencies of the functionally graded panel have been comprehensively studied and discussed. The results show that the most important parameter on dynamic response of FG porous truncated conical panel is the weight fraction of nanofiller and adding 1% weight fraction of nanofiller could increase 57% approximately the amounts of natural frequencies of the shell. Moreover, the porosity distribution has great effect on the value of natural frequency of structure rather than the porosity coefficient.

• Journal of the Korean Geotechnical Society
• /
• v.21 no.3
• /
• pp.119-131
• /
• 2005

Seepage analysis through unsaturated zone based on the theory of unsaturated flow is commonly performed to evaluate dam safety. However, the concepts of unsaturated soil behavior have not been transferred into the hands of practicing geotechnical engineers since the problems involving unsaturated soils often have the appearances of being extremely complex. The behavior of dam such as seepage rate and the pore water pressure distribution is different according to the unsaturated hydraulic properties, but nevertheless simply assumed properties have been used due to insufficient data from domestic soils. In this paper, the effect of unsaturated hydraulic properties on the behavior of dam was studied through a series of numerical analyses, and then the results were discussed. It is observed that water table moves at a (aster rate, as the values of unsaturated soil parameter a and n increase. The value of m showed opposite trend. The sensitivity calculated using the approximation form showed maximum values near the water table. And the value of n that is related to the slope of soil water characteristic curve gives greatest influence on the change of sensitivity with time.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.39 no.1
• /
• pp.116-122
• /
• 2016

Recently, the production cycle in manufacturing process has been getting shorter and different types of product have been produced in the same process line. In this case, the control chart using coefficient of variation would be applicable to the process. The theory that random variables are located in the three times distance of the deviation from mean value is applicable to the control chart that monitor the process in the manufacturing line, when the data of process are changed by the type of normal distribution. It is possible to apply to the control chart of coefficient of variation too. ${\bar{x}}$, s estimates that taken in the coefficient of variation have just used all of the data, but the upper control limit, center line and lower control limit have been settled by the effect of abnormal values, so this control chart could be in trouble of detection ability of the assignable value. The purpose of this study was to present the robust control chart than coefficient of variation control chart in the normal process. To perform this research, the location parameter, ${\bar{x_{\alpha}}}$, $s_{\alpha}$ were used. The robust control chart was named Tim-CV control chart. The result of simulation were summarized as follows; First, P values, the probability to get away from control limit, in Trim-CV control chart were larger than CV control chart in the normal process. Second, ARL values, average run length, in Trim-CV control chart were smaller than CV control chart in the normal process. Particularly, the difference of performance of two control charts was so sure when the change of the process was getting to bigger. Therefore, the Trim-CV control chart proposed in this paper would be more efficient tool than CV control chart in small quantity batch production.