• Title/Summary/Keyword: Window-effect

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Dynamics of Asset Returns Considering Asymmetric Volatility Effects: Evidences from Korean Asset Markets (우리나라 자산가격 변동의 기준점 효과 및 전망이론적 해석 가능성 검정)

  • Kim, Yun-Yeong;Lee, Jinsoo
    • KDI Journal of Economic Policy
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    • v.33 no.1
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    • pp.93-124
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    • 2011
  • In this paper, we claim the asymmetric response of asset returns on the past asset returns' signs may be explained from the market behavioral portfolio choice of investors. For this, we admit the anchor and adjustment mechanism of investors which partly explains the momentum in the asset prices. We also claim the prospect theory based on the risk aversions may simultaneously work with the anchor and adjustment effect, whenever the lagged asset return was positive and investors accrued the gain. To identify these effects empirically in a threshold autoregressive model, we suppose the risk aversions inducing the volatility effect is related with the past volatility of asset returns. In application of suggested method to Korean stock and real estate markets, we found these effect exist as expected.

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A study on Traffic Noise control by the Environmental facilities around Roadway (도로연변 환경시설에 의한 교통소음 저감방안에 관한 연구)

  • Sul Jeung Min;Chung Yong
    • Journal of environmental and Sanitary engineering
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    • v.3 no.2 s.5
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    • pp.43-60
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    • 1988
  • This study was carried out to determine traffic noise level and analyze noise reduction effects of various sound protection facilities in the area of Seoul, Inch'on, Songchoo and Seoul- Busan Expressway from March to Octover, 1987. The results were as follows; 1. As compared with the environmental standards and the traffic noise level in heavy noise areas, traffic noise levels observed were shown in higher than environmental standards. The noise levels in Seoul were determined at 12.8-18.2 dB(A) in daytime and 19.0-26.9 dB (A) in nighttime. And incase of inch'on, it were 6.7-9.6 dB(A) in daytime, 7.9-18.9 dB(A) in nighttime, respectively. 2. The environmental noise level observed in the backside of protection facilities, such as apartment, soundproof barrier and houses, which were constructed in paralled to the road was lower about 3-5 dB(A) than perpendicular to theroad. Noise recuction effect of upper stairs in apartment was higher than lower stairs. 3. The predicted noise level obtained from the equation $({\triangle}L\;=\; -10\;log\;(^{I'1}/Ii)\;was\;\pm\;1dB$ (A) and the correlation coefficient (r) was 0.923. 4. The noise reduction effect in backside of apartment was measured at on sites and predicted by total noise loss equation. The predicted noise level was 60.9 dB(A) and the measured level was 60.6 dB(A), respectively. 5. The narrow width landscape less than 10m width was almost no effect for the protection of traffic noise. According to the synthesis of the above results, the noise level of the road was exceeding mostly the environmental standard in the heavy traffic areas. The counterplan should be set as well. The insulation of noise protection facilities were effective by the location with near distance from the road edge. The reduction effect of double window in apartment was represented so much. The prediction model could be applied to estimate the noise levels in the roadside as well as the effectiveness for the noise protection facilities.

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Effect of Heat Shock Protein 72 on the Generation of Reperfusion Arrhythmias

  • Chang, Moon-Jun;Na, Heung-Sik;Nam, Hyun-Jung;Pyun, Kyung-Sik;Hong, Seung-Kil
    • The Korean Journal of Physiology and Pharmacology
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    • v.4 no.4
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    • pp.319-324
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    • 2000
  • The causal relationship between heat shock protein (HSP) and second window of cardioprotective effect is still undetermined. In the present study, we assessed whether HSP-producing substances, amphetamine and ketamine, afforded protection against reperfusion-induced ventricular fibrillation (VF) and these protective effect remained after the inhibition of HSP72 production by quercetin, a mitochondrial ATPase inhibitor. Adult mongreal male cats $(n=60,\;2.5{\sim}4\;kg)$ were used in this study. Experimental animals were divided into five groups; control group (n=15), amphetamine ('A', n=11) group, ketamine ('K', n=9) group, amphetamine-ketamine ('AK', n=16) group and amphetamine-ketamine-quercetin ('AKQ', n=9) group. Twenty-four hours after the drug treatment, an episode of 20-min coronary artery occlusion was followed by 10-min reperfusion. The incidence of reperfusion-induced VF in the AK and AKQ groups was significantly lower than that in control group (p<0.01). After the ischemia/reperfusion procedure, western blot analysis of HSP72 expression in the myocardial tissues resected from each group was performed. HSP72 production in the AK group was marked, whereas HSP72 was not detected in the AKQ and control groups. These results suggest that the suppressive effect against reperfusion-induced VF induced by amphetamine and ketamine is not mediated by myocardial HSP72 production but by other mechanisms.

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The Effects of HVAC Management on Condensation Cause and Prevention in Indoor Swimming Pools (실내수영장 공조관리 요인이 시설물 결로원인과 예방에 미치는 영향)

  • Sung, Ha-Dong
    • Journal of the Korea Safety Management & Science
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    • v.20 no.2
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    • pp.9-20
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    • 2018
  • This study is empirically intended to look into the effects of HVAC management on condensation cause and prevention in indoor swimming pools. The findings are summarized as follows. First, the experience of condensation in indoor swimming pools showed that 132 out of 142 people in total experienced the condensation in indoor swimming pools, which they had a high experience rate of 92.3%. For the location of condensation, the wall joints were 46.8% and the windows were 34.5%, which a total of 72.3% occurred in the wall joints and windows. Second, the effect of construction design, HVAC management and building construction on the cause of condensation in indoor swimming pools showed that building construction had an effect on the cause and location of condensation depending on the seasonal time, partially adopting hypothesis 1. Third, the effect of condensation-causing factors on condensation-preventing factors in indoor swimming pools showed that condensation had a close relationship with air and temperature conditions depending on the time and location of condensation, adopting hypothesis 2. As for the above-stated findings, the HVAC management in indoor swimming pools is an important concern factor that continues to cause condensation despite the development of advanced construction materials. Especially, building construction is a main factor that has a direct effect on condensation in the HVAC management of facilities. This implies that the window management is important in maintaining the wall joints - which can suppress the selective use and defect occurrence of construction materials - or confined spaces for a long time.

Cerebroprotective Effect of Nociceptin on Transient Focal Cerebral Ischemia in Rats

  • Lee Seung Yoon;Lee Won Suk;Choi Chang Hwa
    • Biomedical Science Letters
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    • v.11 no.2
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    • pp.201-209
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    • 2005
  • This study aimed to investigate the cerebroprotective effect of nociceptin on transient focal cerebral ischemia in Sprague-Dawley rats by determining the changes in regional cerebral blood flow (rCBF) and the infarct size. Right middle cerebral artery (MCA) was occluded for 2 hours, and thereafter was followed by reperfusion by an intraluminal monofilament technique. An open cranial window was made on the right parietal bone for determination of continuous changes in rCBF by laser-Doppler flowmetry. The infarct size was morphometrically determined using the 2,3,5-triphenyltetrazolium chloride technique. In normal rats, nociceptin ($0.01\~100\;nmol/kg$, Lv.) increased rCBF and decreased cerebral arterial resistance in a dose-dependent manner. Systemic arterial blood pressure was little affected by nociceptin at the doses of 0.01 and 0.1nmol/kg, but dose-dependently reduced at the doses of 1 nmol/kg or more. In transient cerebral ischemic rats, nociceptin ($0.01\~0.1$ nmol/kg, i.p.) significantly attenuated the postischemic cerebral hyperemia, and progressively increased rCBF. The improving effect of nociceptin on the postischemic rCBF response was markedly blocked by pretreatment with $[Nphe^1]nociceptin(1-13)NH_2$ (1 nmol/kg, i.p.), a selective nociceptin receptor antagonist, but not by naloxone ($3{\mu}mol/kg$, i.p.), a selective opioid receptor antagonist. The cerebral infarct size was significantly reduced by nociceptin ($0.01\~0.1$ nmol/kg) administered i.p. 5 min after MCA occlusion in transient cerebral ischemia of 2-hour MCA occlusion and 22-hour reperfusiion. It is suggested that nociceptin improves the postischemic cerebral hemodynamics and thereby has a cerebroprotective effect in transient focal cerebral ischemia.

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A Study on Securing Safety of Evacuation through Smoke Control in Case of Fire at the Central Corridor Type Intelligent Buildings (중복도형 인텔리전트빌딩 화재시 연기제어를 통한 피난안전성 확보에 관한 연구)

  • Min, Se Hong;Lee, Jae Moon;Bae, Yeon Jun
    • Journal of the Korea Safety Management & Science
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    • v.17 no.2
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    • pp.117-127
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    • 2015
  • This study investigated the smoke blocking and control systems for the safety of residents evacuation and for the prevention of smoke spread through the central corridor in the event of central corridor type of intelligent building fire. We offered additional ways of utilizing smoke ventilators and intake ventilation equipment and utilized CFD-based fire simulation program(FDS Ver.5.5.3) in order to analyze the effect. As a result, many differences in the smoke block effect, depending on the application of smoke ventilator and location of installation, was found. In addition, the result was found that larger effect was showed not in the case of application of smoke ventilator in central corridor only but application in fire room. The reason is that the smoke leakage is blocked primarily as air is flowed in the fire room through open door by operation of intake smoke ventilator in the public corridor and secondarily, the smoke leakage to the public corridor could be blocked as fire and smoke were released to the opened smoke ventilator continuously. Especially, the effect was maximized through complex interactions by applying smoke ventilator and intake ventilation equipment in corridor together rather than applying smoke ventilator and intake ventilation equipment independently. The proposed measure through this study shall be considered from architectural plan as one of ways for blocking from smoke spread to the central corridor in the central corridor type of intelligent building. In addition, flaws on regulation shall be established and supplemented.

The Effect of CSR Activities of the Citizens Professional Football Club on Regional Attachment and Expansion of Fans: Focused on Seongnam Football Club, Korea

  • JUNG, Sam Kwon;KWON, Ki Hyun;LEE, Hyuk Jin
    • Journal of Sport and Applied Science
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    • v.5 no.4
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    • pp.9-14
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    • 2021
  • Purpose: This study aims to empirically analyze fans' responses to the types of Corporate Social Responsibility (CSR) activities implemented by the citizens professional football club and seek strategic measures for the continuous growth of the club and the formation of long-term relationships with fans. The purpose of this study is to investigate the relationship between regional attachment and expansion of fans according to the type of CSR activities of the club, and to examine influencing relationships among the types of CSR activities, regional attachment, and expansion of fans. Research design, data, and methodology: To achieve the purpose of the study, the survey was conducted on 150 home spectators of Seongnam Football Club, and the analysis of the data was conducted using SPSS Window Version 21.0. Correlation analysis, simple regression analysis, and multiple regression analysis were conducted to analyze the relationship between regional attachment and expansion of fans according to the types of CSR activities performed by the Seongnam Citizens Football Club. Results: As a result of the analysis, it was found that CSR activities had a statistically significant effect on regional attachment. In addition, CSR activities were found to have a statistically significant effect on expansion of fans. Finally, it was found that regional attachment had a statistically significant effect on the expansion of fans. Conclusions: Based on these results, CSR activities of the professional football club are considered an opportunity to build regional attachment. In addition, it is thought that the expansion of fans can be achieved through CSR activities.

The Effect of Sex Education about Old People for Care givers (요양보호사를 위한 노인의 성 교육 프로그램의 효과)

  • Kim, Jong-Sun;Jung, Eun-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.7
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    • pp.4387-4394
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    • 2014
  • The aim of this study was to examined the effect of knowledge and attitudes about old people in care givers. This study was a quasi experimental designs of a nonequivalent control group comprised of a pre & post-test. The data was collected from a total of 54 (26 in the experimental group, 28 in the comparison group) subjects, who consented to the purpose and participation among care givers in the care facilities for old people throughout S-si. The data was analyzed using the SPSS/WIN 19.0 program with a Chi-square test, t-test, and ANOVA. The education program belonging to the experimental group showed a significantly increase in knowledge, and it took effect on making change into positive attitude of old people's sex. Given results of this study, it is suggested that a sex education program be provided as a training material for care givers to develop knowledge and to change the positive attitude about old people's sex in care facilities.

Effect of carrier concentration of ITO films on Quantum Efficiency Window in Heterojunction Silicon Solar Cells

  • Kim, Hyunsung;Kim, Sangho;Yi, Junsin
    • Proceedings of the Korean Vacuum Society Conference
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    • 2016.02a
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    • pp.314-314
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    • 2016
  • In this paper, the effects of carrier concentration on dielectric constant of ITO films were investigated by spectroscopic ellipsometry. From SE results, we find the pronounced shift of the ${\varepsilon}1$ peaks toward high energy with concentration; while contrarily, the ${\varepsilon}2$ values at low energy region increases with decreasing concentration. These shifts are attributed to the Burstein-Moss and free-carrier absorption effects within ITO films. With increases carrier concentration, the values of extinction coefficients show quite different behaviors in range of wavelength from 200 to 1200 nm. The reduction in k at ${\lambda}{\leq}500nm$, while increasing at ${\lambda}{\geq}500nm$ was observed. The QE of HJ solar cells behaviors can be roughly classified into two regions: short-wavelengths (${\leq}650nm$) and long-wavelengths region (${\geq}650nm$). With increasing carrier concentration as well as energy band gap, QE shows improvement at short-wavelength, while at long-wavelength QE shows opposite trend. Widening band gap energy due to Burstein-Moss shift is the key to improve QE in short-wavelength; simultaneously FCA effect due to optical scattering is attributed to the reduction in QE at long-wavelength. In spite of band gap extension, Jsc calculated from QE decreases from 34.7 mA/cm2 to 33.2 mA/cm2 with increasing carrier concentration. It demonstrated that FCA effect may more govern Jsc in the HJ solar cells.

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Protective Effect of Vascular Endothelial Growth Factor on Focal Cerebral Ischemia in Rats

  • Noh, Yong-Rae;Lee, Won-Suk;Choi, Chang-Hwa
    • Biomedical Science Letters
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    • v.11 no.3
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    • pp.355-363
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    • 2005
  • This study aimed to investigate the cerebroprotective effect of vascular endothelial growth factor (VEGF) on permanent focal cerebral ischemia in Sprague-Dawley rats. Right middle cerebral artery (MCA) was occluded for 6 and 24 hours by an intraluminal monofilament technique. An open cranial window was made on the right parietal bone for determination of continuous changes in regional cerebral blood flow (rCBF) by laser-Doppler flowmetry. The infarct size was morphometrically determined using the 2,3,5-triphenyltetrazolium chloride technique. Brain edema was determined by measuring brain water content. In normal rats, rCBF was significantly increased by intravenous infusion of VEGF for 10 minutes. The VEGF-induced increase in rCBF was significantly inhibited by pretreatment with suramin, a heparin-binding growth factor inhibitor as well as $N^{\omega}-nitro-L-arginine$, a nitric oxide synthase inhibitor. In focal cerebral ischemic rats, the amplitude of decrease in rCBF during ischemic period was significantly less in VEGF-treated group, compared with that in vehicle-treated group. The cerebral infarct size was reduced by VEGF in a dose-dependent manner. The brain edema formation was dose-dependently reduced by VEGF in 24-hour MCA occlusion group but not in 6-hour MCA occlusion group. It is suggested that VEGF not only improves the rCBF during cerebral ischemic period but also reduces the brain edema formation, and thereby exert a protective effect on focal cerebral ischemia in rats.

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