• KDI Journal of Economic Policy
• /
• v.32 no.4
• /
• pp.35-73
• /
• 2010

This paper examines consumption dynamics in relation to asset prices in Korea. Empirical analysis based on the error correction model shows that personal consumption is affected by changes in asset prices but the consumption converges to the long-run level of consumption corresponding to the total income flow in two years. This adjustment in consumption implies that the consumption error, reflected in the error correction term, should have predictability for the future consumption growth during the adjustment period. It is found that the error correction term has a long-run predictability for consumption over up to about 3 years; thus, confirming the error correction model. It is also found that housing prices have larger effects on consumption compared with stock prices in Korea. In addition, the effects of income and asset prices on consumption show bigger effects during contractionary period than expansionary period in business cycles. This paper also analyzes effects of asset wealth that reflects changes in both price and quantity. It is found that asset wealth has a long-run effect on consumption in addition to total income as determinants of consumption. Since wealth effects usually indicate the long-run effect of changes in asset wealth on consumption that is not explained by labor income, which is the proxy for human source of wealth, it is estimated with labor income used as a control variable. According to the estimation, the marginal propencity to consume out of asset wealth is approximately 2%. It means that 1,000won increase in asset wealth may lead to 20 won increase in consumption.

• Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
• /
• 1998.06a
• /
• pp.301-305
• /
• 1998

The Power measurement that can measure a single quantity does not smooth to install a system, and are not convenient to use. These measuring values are vary difficult for mutual operation and analyzing, and that have too many problems to compile measured databases. If each single measured values are mutual assist, correction and reform, the system will be able to be improved by minimizing differences between measure quantities and as making many different measurement system (Voltage, Current, Power and Resistor) is installed in one system. This study is useful to develope the power measurement system that is easier to analyze and management by database all of the parameter values because the power measurement system is able to be interbased with PC as requirement of industralization and information age.

• Coupled systems mechanics
• /
• v.7 no.4
• /
• pp.421-440
• /
• 2018

In this study, a computational method for wall shear stress combined with an implicit direct-forcing immersed boundary method is presented. Near the immersed boundaries, the sub-grid stress is determined by a wall model in which the wall shear stress is directly calculated from the Lagrangian force on the immersed boundary. A coupling mathematical model of the transition process for a model Francis turbine comprising turbulent flow and rotating rigid guide vanes is established. The spatiotemporal distributions of pressure, velocity, vorticity and turbulent quantity are gained with the transient process; the drag and lift coefficients as well as other forces (moments) are also obtained as functions of the attack angle. At the same time, analysis is conducted of the characteristics of pressure pulsation, velocity stripes and vortex structure at some key parts of flowing passage. The coupling relations among the turbulent flow, the dynamical force (moment) response of blade and the rotating of guide vane are also obtained.

• Journal of Korean Society for Quality Management
• /
• v.36 no.4
• /
• pp.93-101
• /
• 2008

The rare metals, used for semiconductors, PDP-LCS and other specialized metal areas necessarily, has been playing a key role for the Korean economic development. Rare metals are influenced by exogenous variables, such as production quantity, price and supplied areas. Nowadays the supply base of rare metals is threatened by the sudden increase in price. For the stable supply of rare metals, a rational demand outlook is needed. In this study, focusing on the domestic demand for chromium, the uncertainty and probability materializing from demand and price is analyzed, further, a demand forecast model, which takes into account various exogenous variables, is suggested, differing from the previously static model. Also, through the OOS(out-of-sampling) method, comparing to the preexistence ARIMA model, ARMAX model, multiple regression analysis model and ECM(Error Correction Mode) model, we will verify the superiority of suggested model in this study.

• Proceedings of the Korean Society of Machine Tool Engineers Conference
• /
• 2001.04a
• /
• pp.137-142
• /
• 2001

Since recent production system becomes that of the small quantity, large volume with high quality production, accurate and high speed inspection system is required. In such situation, noncontact 3D measurement system which utilized CCD cameras is useful technique in terms of system cost, speed of data acquisition, measuring accuracy and application. However, it has low accuracy compared with contact 3D measurement system because of the camera distortion, non uniformity of laser distribution and so on. For those reasons, in this paper precision enhancement method is studied considering radial camera distortion, and laser distribution. A distortion correction method is applied even to the standard lens. The laser slit beam trajectory is determined by 3 method: based of the Gaussian function signal approximation, the median method, the center of gravity method and the peak point of the Gaussian function method.

• East Asian Economic Review
• /
• v.20 no.1
• /
• pp.37-65
• /
• 2016

This research intends to investigate the progress made in East Asian bond market integration thus far. Price-based measures (AAD indicator and beta-convergence measure), quantity-based measures and econometric techniques (co-integration test, error correction model based Granger causality test) are employed in the analysis. Even though East Asian government bond markets have become more integrated since 2001, the differentials among the markets still remain significantly high. The bond market integration process seems slow. The convergence of bond markets sped up in 2003 and after the 2008 world financial crisis, implying the important role of government policies in integrating the regional bond markets. East Asian bond market integration may need more government-directed measures.

• Proceedings of the KIEE Conference
• /
• 2002.04a
• /
• pp.112-115
• /
• 2002

Previous AC/DC PFC Boost Converter perceives feed forward signal of input and feedback signal of output for average current-mode control. Previous Boost Converter, the quantity of input current will be decreased by the decrease of output current in light load, and also power factor comes to be decreased. Also the efficiency of converter will be decreased by the decrease of power factor. The proposed converter presents the good PFC(Power Factor Correction), low line current hormonic distortions and tight output voltage regulations using non-dissipative snubber. The proposed converter also has a high efficiency by non-dissipative snubber circuit. To show the superiority of this converter is verified through the experiment with a 640W, 100kHz prototype converter.

• The Transactions of the Korean Institute of Electrical Engineers
• /
• v.34 no.3
• /
• pp.107-114
• /
• 1985

This paper presents the iterative algorithm for obtaining the ME PSE(Maximum Entropy Power Spectral Estimation) of 2-dimensional signals. This problem involves a correction matching power spectral estimate that can be represented as the reciprocal of the spectral of 2-dimensional signals. This requires two matrix inversion every iterations. Thus, we compensate the matrix to be constantly positive definite with relaxational parameters. Using Row/Column decomposition Discrete Fourier Transform, we can decrease a calculation quantity. Using Lincoln data and white noise, this paper examines ME PSE algorithms. Finally, the results output at the graphic display device. The 2-dimensional data have the 3-dimensional axis components, and, this paper develops 3-dimensional graphic output algorithms using 2-dimensional DGL(Device Independent Graphic Library) which is prepared for HP-1000 F-series computer.

• Journal of the Institute of Electronics Engineers of Korea SP
• /
• v.48 no.1
• /
• pp.16-22
• /
• 2011

Recently, the use of portable projector expands applications to meeting at fields. Accordingly, the projection is not always guaranteed on white screen, causing some color distortion. Several algorithms have been suggested to correct the projected color on the light colored screen. These have limitation on the use of measurement equipment which can't bring always. In this paper, color correction method using general still camera as convenient measurement equipment is proposed to match the colors between on white and colored screens. A patch containing 9 ramps of each channel are firstly projected on white and colored screens, then captured by the camera, respectively, Next, digital values are obtained by the captured image for each ramp patch on both screens, resulting in different values to the same patch. After that, we check which ramp patch on colored screen has the same digital value on white screen, repeating this procedure for all ramp patches. The difference between corresponding ramp patches reveals the quantity of color shift. Then, color correction matrix is obtained by regression method using matched values. In the experimental results, the proposed method gives better color correction on the objective and subjective evaluation than the previous methods.

• Asian Journal of Atmospheric Environment
• /
• v.11 no.2
• /
• pp.107-113
• /
• 2017

This study describes (1) the impact of positive sampling artifacts caused by not only a filter-based sampling, but also a denuder-based sampling in the determination of particle-phase organic carbon (POC), (2) the effect of sample flow rate on positive artifacts, and (3) an optimum flow rate that provides a minimized negative sampling artifact for the denuder-based sampling method. To achieve the goals of this study, four different sampling media combinations were employed: (1) Quartz filter-alone (Q-alone), (2) quartz filter behind quartz-fiber filter (QBQ), (3) quartz filter and quartz filter behind Teflon filter (Q-QBT), and (4) quartz filter behind carbon-based denuder (Denuder-Q). The measurement of ambient POC was carried out in an urban area. In addition, to determine gas-phase OC (GOC) removal efficiency of the denuder, a Teflon filter and a quartz filter were deployed upstream and downstream of the denuder, respectively with varying sample flow rates: 5, 10, 20, and 30 LPM. It was found that Q-alone sampling configuration showed a higher POC than QBQ, Q-QBT, and Denuder-Q by 12%, 28%, and 23%, respectively at a sample flow rate of 20 LPM due to no correction for positive artifact caused by adsorption of GOC onto the filter. A lower quantity of GOC was collected from the backup quartz filter on QBQ than that from Q-QBT. This was because GOC was not in equilibrium with that adsorbed on the front quartz filter of QBQ during the sampling period. It is observed that the loss of particle number and mass across the denuder increases with decreasing sample flow rate. The contribution o f positive arti facts to POC decreased with increasing sample flow rate, showing 29%, 25%, and 22% for 10, 20, and 30 LPM, respectively. The 20 LPM turns out to be the optimum sample flow rate for both filter and denuder-based POC sampling.