• Title/Summary/Keyword: Variable Output

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The Impact of Crude Oil Prices on Macroeconomic Factors in Korea

  • Yoon, Il-Hyun
    • Asia-Pacific Journal of Business
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    • v.13 no.2
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    • pp.39-50
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    • 2022
  • Purpose - The purpose of this study is to examine how Korea's macroeconomic factors, such as GDP, CPI, Export, Import, Unemployment rate and USD/KRW exchange rate, are affected by the oil price shocks. Design/methodology/approach - This study used monthly and quarterly time-series data of each variable for the period 1983 to 2022, consisting of two sub-periods, to employ Granger causality test and GARCH method in order to identify the role of the oil price movement in macroeconomic factors in Korea. Findings - Korea's currency rate to the US dollar is negatively correlated with the price change of crude oil while the GDP change is positively correlated with the price change of crude oil with strong relationship between Export and Import in particular. The exchange rate and GDP growth are believed to be not correlated with the oil price change for the pre-GFC period. According to the Granger causality test, the price change in crude oil has a causal impact on CPI, Export and Import while other factors are relatively slightly affected. Transmission effect from the oil price to Export is found and there also exists volatility spillover from oil price to economic variables under examination. Comparing two sub-periods, CPI and Export volatility responds negatively to shocks in the oil price for the pre-GFC period while volatility of CPI and Unemployment reacts positively to the oil price shocks for the post-GFC period. Research implications or Originality - The findings of this study could be helpful for both domestic and international investors to build their portfolio for the risk management since rising WTI price can be interpreted as a result of global economic growth and ensuing increase in the worldwide demand of the crude oil. Consequently, the national output is expected to increase and the currency is also expected to be strong in the long run.

RELATIONAL CONTRACTING: THE WAY FORWARD OR JUST A BRAND NAME?

  • Fiona Y.K. Cheung;Steve Rowlinson
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1013-1016
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    • 2005
  • Accounts of the development of a successful construction project often stress the importance of team relationship, project environment and senior management commitment. Numbers of studies carried out in the past decades indicate there needs to be a change of culture and attitude in the construction industry. In order for a turn around in the industry, relational contracting approaches have become more popular in recent years. However, not all relational contracting projects were successful. This paper details the fundamental principles of relational contracting. It further reports findings of a research currently taking place in Australia, how effective is relational contracting in practice. The problem addressed in this research is the implementation of relational contracting: • Throughout a range of projects • With a focus on client body staff The context within which the research was undertaken is: • Empowerment, regional development and promotion of a sustainable industry • The participating organisations have experience of partnering and alliancing • Success has been proven on large projects but performance is variable • Need has been identified to examine skill sets needed for successful partnering/alliancing The practical rationale behind this research is that: • Partnering and alliancing require a change of mind set - a culture change • The Client side must change along with contracting side • A fit is required between organisation structure and organisation culture Research Rationale: The rationale behind this project has been to conduct research within participating organisations, analyse, rationalise and generalise results and then move on to produce generic deliverables and "participating organisation specific" deliverables. This paper sets out the work so far, the links between the various elements and a plan for turning the research output into industry deliverables.

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Compensation of low Frequency Resonance in Current Driven Loudspeakers using DSP (DSP를 이용한 전류구동 스피커의 저주파 공진 보상)

  • Park, Jong-phil;Eun, Changsoo
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.05a
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    • pp.584-588
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    • 2021
  • The impedance of the speaker is likely to be recognized as a fixed value. However, speaker impedance continues to vary with frequency variation, especially larger in resonant frequency region. The sound pressure level of loudspeakers is determined by the current flowing throughout the coil that consists loudspeakers. If loudspeakers are driven by voltage, sound pressure level of the loudspeaker is distorted by the variation of loudspeaker impedance. Current-drive of loudspeakers can solve this problem, but distortion of sound pressure level occurs in low frequencies due to resonance. The distortion can degrade the sound quality of the sound system. So to solve this problem, In this paper, we propose a resonance compensation circuit using DSP. we simulates audio systems using an equivalent model of loudspeakers to verify distortion of sound pressure level due to impedance variation and propose a circuit to compensate it. The proposed circuit is configured using a state variable filter and it can adjust the center frequency and output, so it will be used various sound systems.

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Recurrent Neural Network Model for Predicting Tight Oil Productivity Using Type Curve Parameters for Each Cluster (군집 별 표준곡선 매개변수를 이용한 치밀오일 생산성 예측 순환신경망 모델)

  • Han, Dong-kwon;Kim, Min-soo;Kwon, Sun-il
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.10a
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    • pp.297-299
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    • 2021
  • Predicting future productivity of tight oil is an important task for analyzing residual oil recovery and reservoir behavior. In general, productivity prediction is made using the decline curve analysis(DCA). In this study, we intend to propose an effective model for predicting future production using deep learning-based recurrent neural networks(RNN), LSTM, and GRU algorithms. As input variables, the main parameters are oil, gas, water, which are calculated during the production of tight oil, and the type curve calculated through various cluster analyzes. the output variable is the monthly oil production. Existing empirical models, the DCA and RNN models, were compared, and an optimal model was derived through hyperparameter tuning to improve the predictive performance of the model.

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An Experimental Study on Power Transmission Characteristics Flow Rate in Fluid Couplings (유체커플링에서 유량과 동력전달특성에 관한 실험적 연구)

  • Pak, Yong-Ho;Moon, Dong-Cheol;Yum, Man-Oh
    • Journal of the Korean Society for Precision Engineering
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    • v.12 no.11
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    • pp.27-35
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    • 1995
  • The fluid coupling combined with a pump and a turbine have many merits compared with other couplings, their uses are increesing rapidly in various industrial fields at home and abroad in pursuit of high-speed more efficiency durability of various mechanic devices. The authorities concerned have recognized the improtance of the fluid coupling and supported its developement and now some trial products began to show up. As the structrue and characteristics of the fluid coupling have little similarity to other kinds of couplings and its fluid behavior is unique, so its characteristic analysis is expected to be difficult. Until now no satisfactory study on the characteristics of the fluid coupling seems to have been conducted at home, so a study on this field needs to be done urgently. The purpose of this research is to construct the experimental test set-ups and establish a series of performance test program for the domestically developed fluid couplings and to provide a software to store and utilize these experimental data which can be used to improve the performance of the fluid coupling and solve on the job problems confronted in operation. The performance test consists of taking measurment of torque, rpm and efficiency of the fluid coupling for three different amount of working fluid inside with various loads to the output shaft and finally infestigating the torque, rpm and efficiency characteristics of the fluid coupling with respect to these parameters. The results of this study can contribute valuable references to the development of variable speed fluid coupling and torque converter currently pursued by the domestic industry.

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Hybrid machine learning with HHO method for estimating ultimate shear strength of both rectangular and circular RC columns

  • Quang-Viet Vu;Van-Thanh Pham;Dai-Nhan Le;Zhengyi Kong;George Papazafeiropoulos;Viet-Ngoc Pham
    • Steel and Composite Structures
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    • v.52 no.2
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    • pp.145-163
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    • 2024
  • This paper presents six novel hybrid machine learning (ML) models that combine support vector machines (SVM), Decision Tree (DT), Random Forest (RF), Gradient Boosting (GB), extreme gradient boosting (XGB), and categorical gradient boosting (CGB) with the Harris Hawks Optimization (HHO) algorithm. These models, namely HHO-SVM, HHO-DT, HHO-RF, HHO-GB, HHO-XGB, and HHO-CGB, are designed to predict the ultimate strength of both rectangular and circular reinforced concrete (RC) columns. The prediction models are established using a comprehensive database consisting of 325 experimental data for rectangular columns and 172 experimental data for circular columns. The ML model hyperparameters are optimized through a combination of cross-validation technique and the HHO. The performance of the hybrid ML models is evaluated and compared using various metrics, ultimately identifying the HHO-CGB model as the top-performing model for predicting the ultimate shear strength of both rectangular and circular RC columns. The mean R-value and mean a20-index are relatively high, reaching 0.991 and 0.959, respectively, while the mean absolute error and root mean square error are low (10.302 kN and 27.954 kN, respectively). Another comparison is conducted with four existing formulas to further validate the efficiency of the proposed HHO-CGB model. The Shapely Additive Explanations method is applied to analyze the contribution of each variable to the output within the HHO-CGB model, providing insights into the local and global influence of variables. The analysis reveals that the depth of the column, length of the column, and axial loading exert the most significant influence on the ultimate shear strength of RC columns. A user-friendly graphical interface tool is then developed based on the HHO-CGB to facilitate practical and cost-effective usage.

A Time Series Graph based Convolutional Neural Network Model for Effective Input Variable Pattern Learning : Application to the Prediction of Stock Market (효과적인 입력변수 패턴 학습을 위한 시계열 그래프 기반 합성곱 신경망 모형: 주식시장 예측에의 응용)

  • Lee, Mo-Se;Ahn, Hyunchul
    • Journal of Intelligence and Information Systems
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    • v.24 no.1
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    • pp.167-181
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    • 2018
  • Over the past decade, deep learning has been in spotlight among various machine learning algorithms. In particular, CNN(Convolutional Neural Network), which is known as the effective solution for recognizing and classifying images or voices, has been popularly applied to classification and prediction problems. In this study, we investigate the way to apply CNN in business problem solving. Specifically, this study propose to apply CNN to stock market prediction, one of the most challenging tasks in the machine learning research. As mentioned, CNN has strength in interpreting images. Thus, the model proposed in this study adopts CNN as the binary classifier that predicts stock market direction (upward or downward) by using time series graphs as its inputs. That is, our proposal is to build a machine learning algorithm that mimics an experts called 'technical analysts' who examine the graph of past price movement, and predict future financial price movements. Our proposed model named 'CNN-FG(Convolutional Neural Network using Fluctuation Graph)' consists of five steps. In the first step, it divides the dataset into the intervals of 5 days. And then, it creates time series graphs for the divided dataset in step 2. The size of the image in which the graph is drawn is $40(pixels){\times}40(pixels)$, and the graph of each independent variable was drawn using different colors. In step 3, the model converts the images into the matrices. Each image is converted into the combination of three matrices in order to express the value of the color using R(red), G(green), and B(blue) scale. In the next step, it splits the dataset of the graph images into training and validation datasets. We used 80% of the total dataset as the training dataset, and the remaining 20% as the validation dataset. And then, CNN classifiers are trained using the images of training dataset in the final step. Regarding the parameters of CNN-FG, we adopted two convolution filters ($5{\times}5{\times}6$ and $5{\times}5{\times}9$) in the convolution layer. In the pooling layer, $2{\times}2$ max pooling filter was used. The numbers of the nodes in two hidden layers were set to, respectively, 900 and 32, and the number of the nodes in the output layer was set to 2(one is for the prediction of upward trend, and the other one is for downward trend). Activation functions for the convolution layer and the hidden layer were set to ReLU(Rectified Linear Unit), and one for the output layer set to Softmax function. To validate our model - CNN-FG, we applied it to the prediction of KOSPI200 for 2,026 days in eight years (from 2009 to 2016). To match the proportions of the two groups in the independent variable (i.e. tomorrow's stock market movement), we selected 1,950 samples by applying random sampling. Finally, we built the training dataset using 80% of the total dataset (1,560 samples), and the validation dataset using 20% (390 samples). The dependent variables of the experimental dataset included twelve technical indicators popularly been used in the previous studies. They include Stochastic %K, Stochastic %D, Momentum, ROC(rate of change), LW %R(Larry William's %R), A/D oscillator(accumulation/distribution oscillator), OSCP(price oscillator), CCI(commodity channel index), and so on. To confirm the superiority of CNN-FG, we compared its prediction accuracy with the ones of other classification models. Experimental results showed that CNN-FG outperforms LOGIT(logistic regression), ANN(artificial neural network), and SVM(support vector machine) with the statistical significance. These empirical results imply that converting time series business data into graphs and building CNN-based classification models using these graphs can be effective from the perspective of prediction accuracy. Thus, this paper sheds a light on how to apply deep learning techniques to the domain of business problem solving.

Evaluation of the Bending Moment of FRP Reinforced Concrete Using Artificial Neural Network (인공신경망을 이용한 FRP 보강 콘크리트 보의 휨모멘트 평가)

  • Park, Do Kyong
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.10 no.5
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    • pp.179-186
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    • 2006
  • In this study, Multi-Layer Perceptron(MLP) among models of Artificial Neural Network(ANN) is used for the development of a model that evaluates the bending capacities of reinforced concrete beams strengthened by FRP Rebar. And the data of the existing researches are used for materials of ANN model. As the independent variables of input layer, main components of bending capacities, width, effective depth, compressive strength, reinforcing ratio of FRP, balanced steel ratio of FRP are used. And the moment performance measured in the experiment is used as the dependent variable of output layer. The developed model of ANN could be applied by GFRP, CFRP and AFRP Rebar and the model is verified by using the documents of other previous researchers. As the result of the ANN model presumption, comparatively precise presumption values are achieved to presume its bending capacities at the model of ANN(0.05), while observing remarkable errors in the model of ANN(0.1). From the verification of the ANN model, it is identified that the presumption values comparatively correspond to the given data ones of the experiment. In addition, from the Sensitivity Analysis of evaluation variables of bending performance, effective depth has the highest influence, followed by steel ratio of FRP, balanced steel ratio, compressive strength and width in order.

Influence of Heat Treatment Conditions on Temperature Control Parameter ((t1) for Shape Memory Alloy (SMA) Actuator in Nucleoplasty (수핵성형술용 형상기억합금(SMA) 액추에이터 와이어의 열처리 조건 변화가 온도제어 파라미터(t1)에 미치는 영향)

  • Oh, Dong-Joon;Kim, Cheol-Woong;Yang, Young-Gyu;Kim, Tae-Young;Kim, Jay-Jung
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.34 no.5
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    • pp.619-628
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    • 2010
  • Shape Memory Alloy (SMA) has recently received attention in developing implantable surgical equipments and it is expected to lead the future medical device market by adequately imitating surgeons' flexible and delicate hand movement. However, SMA actuators have not been used widely because of their nonlinear behavior called hysteresis, which makes their control difficult. Hence, we propose a parameter, $t_1$, which is necessary for temperature control, by analyzing the open-loop step response between current and temperature and by comparing it with the values of linear differential equations. $t_1$ is a pole of the transfer function in the invariant linear model in which the input and output are current and temperature, respectively; hence, $t_1$ is found to be related to the state variable used for temperature control. When considering the parameter under heat treatment conditions, $T_{max}$ was found to assume the lowest value, and $t_1$ was irrelevant to the heat treatment.

Effect of Feeding Rubber Seed Kernel and Palm Kernel Cake in Combination on Nutrient Utilization, Rumen Fermentation Characteristics, and Microbial Populations in Goats Fed on Briachiaria humidicola Hay-based Diets

  • Chanjula, P.;Siriwathananukul, Y.;Lawpetchara, A.
    • Asian-Australasian Journal of Animal Sciences
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    • v.24 no.1
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    • pp.73-81
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    • 2011
  • Six male crossbred (Thai Native${\times}$Anglo Nubian) goats, with an average initial weight of $22{\pm}2\;kg$, were randomly assigned according to a $3{\times}2$ factorial arrangement in a $6{\times}6$ Latin square design with a 21-d period to evaluate the effect of feeding rubber seed kernel (RSK) and palm kernel cake (PKC) in combination on nutrient utilization, rumen fermentation characteristics, and nitrogen utilization. The dietary treatments were as follows: i) concentrate containing 0% RSK and 20% PKC ($T_1$), ii) 0% RSK and 30% PKC ($T_2$), iii) 20% RSK and 20% PKC ($T_3$), iv) 20% RSK and 30% PKC ($T_4$), v) 30% RSK and 20% PKC ($T_5$), and vi) 30% RSK and 30% PKC ($T_6$). During the experiment, signal hay was given on an ad libitum basis as the roughage. It was found that RSK levels and PKC levels had no interaction effects on feed intake, apparent digestibility, $NH_3$-N, blood metabolites, VFA concentrations, and nitrogen utilization, but there were interactions between RSK levels and PKC levels with respect to total DMI (kg/d) and total VFA concentrations, and goats receiving 30% RSK had lower values (p<0.05) than those receiving 0 and 20% RSK, respectively. Feeding different PKC levels did not affect (p>0.05) feed intake, digestibility, rumen fermentation patterns, blood metabolites, and nitrogen utilization. However, increasing RSK levels (>20%) resulted in a slightly lower daily DMI (% BW and g/kg $BW^{0.75}$), apparent digestibility (NDF and ADF), total N intake, and N excretion than in goats fed on 0 and 20% RSK. BUN, blood glucose, and propionate were variable among treatment and were highest in 0% RSK with the 20% PKC fed group having values which were higher than those in other groups. However, there were no differences (p>0.05) among treatments with respect to N retention, PD output, and microbial N supply. Based on this study, RSK levels up to 20% and PKC at 20-30% in concentrate could be efficiently utilized for goats fed on signal hay.