• Title/Summary/Keyword: average yield rate

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A Study on the Investment Efficiency of BW Bond (신주인수권부사채의 투자효율성 연구)

  • Jung, Hee-Seog
    • Journal of Industrial Convergence
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    • v.19 no.5
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    • pp.21-34
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    • 2021
  • The purpose of this study is to find out what the investment efficiency of BW is from an investor's point of view and to suggest an efficient investment plan to investors. The research method is to investigate the coupon interest rate, maturity interest rate, issuance date, right exercise start and end date, maturity date, exercise price, etc. for BW issued from 2014 to July 2021. By connecting them, it was attempted to quantitatively understand the efficiency of investment in BW and the effect of new stock acquisitions. As a result of the study, the ratio of the number of days in excess of the exercise price was 41.3% of the available days for new stocks, so it was analyzed that the investment efficiency of bonds with warrants was not high. The return on the exercise start date was 24.8% on average and the return on the end date was 52.6% on average, showing a positive return on average, so it was derived in line with investor expectations. The number of stocks with negative returns on the exercise start date was 1.47 times higher than the number of stocks with positive returns, and the number of stocks with negative returns on the end date was 1.16 times higher than the number of positive stocks.

Structural Characteristics, Microstructure and Mechanical Properties of Fe-Cr-Al Metallic Foam Fabricated by Powder Alloying Process (분말 합금법으로 제조된 Fe-Cr-Al 금속 다공체의 구조, 미세조직 및 기계적 특성)

  • Kim, Kyu-Sik;Kang, Byeong-Hoon;Park, Man-Ho;Yun, Jung-Yeul;Lee, Kee-Ahn
    • Journal of Powder Materials
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    • v.27 no.1
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    • pp.37-43
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    • 2020
  • The Fe-22wt.%Cr-6wt.%Al foams were fabricated via the powder alloying process in this study. The structural characteristics, microstructure, and mechanical properties of Fe-Cr-Al foams with different average pore sizes were investigated. Result of the structural analysis shows that the average pore sizes were measured as 474 ㎛ (450 foam) and 1220 ㎛ (1200 foam). Regardless of the pore size, Fe-Cr-Al foams had a Weaire-Phelan bubble structure, and α-ferrite was the major constituent phase. Tensile and compressive tests were conducted with an initial strain rate of 10-3/s. Tensile yield strengths were 3.4 MPa (450 foam) and 1.4 MPa (1200 foam). Note that the total elongation of 1200 foam was higher than that of 450 foam. Furthermore, their compressive yield strengths were 2.5 MPa (450 foam) and 1.1 MPa (1200 foam), respectively. Different compressive deformation behaviors according to the pore sizes of the Fe-Cr-Al foams were characterized: strain hardening for the 450 foam and constant flow stress after a slight stress drop for the 1200 foam. The effect of structural characteristics on the mechanical properties was also discussed.

Effect of Disease and Pest Control on Rice Yield in Relation to Various Combinations of Fertilizer Application (시비수준에 따른 병충해방제가 수도수량에 미치는 영향)

  • Lee K. H.;Lee E. J.;Kim K. S.;Chu W. J.;Kim J. H.
    • Korean journal of applied entomology
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    • v.12 no.1
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    • pp.33-39
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    • 1973
  • The yield of rice is increased to amounts of fertilizer applied in paddy field but excessive application of fertilizer stimulates outbreaks of disease and insect pest. If, therefore, diseases and pests stimulated by excessive application of fertilizer would be effectively controlled, increaseed yield of rice would be possible. This experiment was conducted to determine the fertilizer application rate that would produce maximum yields when diseases and pests are controlled. 1. The fertilizer application rates and the incidence of leaf and apanicle blast were positively correlated at the $1\%$ level. 2, Without disease and pest control the maximum yield of hulled rice was 347-378kg/10a, which occurred at nitorgen application levels of 8.0-8.5 kg/10a. with effective control of diseases and pests the maximum yield of hulled was 453-462 kg/10a, which occurred at nitrogen application levels of 18.5-19.0 kg/10a. Yield increase at appropriate nitrogen levels by disease and pest control resulted in more than 100 kg/10a. 3. There was no significant yield difference between the NPK experimental plots with fixed PK levels and with varying PK levels. 4. The maximum effect of disease and pest .control as expressed biy yield index of hulled rice was $65\%$, the minimum effect was $30\%$, the average effects were $42-45\%$.

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Effects of Seeding Methods, Dates and Rates on Grain Yield in Direct Seeding of Rice with Transplanter (이항기를 이용한 벼 직파방법과 파종기 및 파종량이 수량에 미치는 영향)

  • An, Myung-Hoon;Kim, Kee-Sik;Han, Sae-Kee;Huh, Beom-Lyang;Kim, Kwang-Ho
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.35 no.4
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    • pp.320-327
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    • 1990
  • Experiments were conducted to investigate the method to raise seedling establishment rate and the optimum seeding dates and rates in direct seeding culture using transplanter under submerged field condition in Chuncheon area during 1986 to 1988. Direct seeding on submerged field using transplanting machine after sowing on seedling growing box contained with paddy or upland soil was possible. Higher rate of seedling establishment was obtained in case of sowing sprouted seed and intermittent irrigation after sowing. Seedling establishment rate was higher both in April 30 or May 10 seeding plot. Minimum daily average air and soil temperature to ensure more than 70 percent seedling establishment was 14.8$^{\circ}C$ and 16.3$^{\circ}C$ respectively. Optimum sowing date in the direct sowing was early May and optimum sowing rate was 200g per box, 6kg per l0a. In this case rice grain yield was 481kg per l0a and this is almost same yield level compared hand and machine transplanting.

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Rearing Black Bengal Goat under Semi-Intensive Management 1. Physiological and Reproductive Performances

  • Chowdhury, S.A.;Bhuiyan, M.S.A.;Faruk, S.
    • Asian-Australasian Journal of Animal Sciences
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    • v.15 no.4
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    • pp.477-484
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    • 2002
  • Ninety pre-puberal (6-7 months) female and 15 pre-puberal male Black Bengal goats were collected on the basis of their phenotypic characteristics from different parts of Bangladesh. Goats were reared under semi-intensive management, in permanent house. The animals were vaccinated against Peste Des Petits Ruminants (PPR), drenched with anthelmentics and deeped in 0.5% Melathion solution. They were allowed to graze 6-7 h along with supplemental concentrate and green forages. Concentrates were supplied either 200-300 g/d (low level feeding) or quantity that supply NRC (1981) recommended nutrient (high level of feeding). Different physiological, productive and reproductive characteristics of the breed were recorded. At noon (temperature=$95^{\circ}F$ and light intensity=60480 LUX) rectal temperature and respiration rate of adult male and female increased from 100.8 to $104.8^{\circ}F$ and 35 to 115 breath/min, indicated a heat stress situation. Young female attain puberty at an average age and weight of 7.2$\pm$0.18 months and 8.89$\pm$0.33 kg respectively. Mean age and weight at 1st kidding were 13.5$\pm$0.49 months and 15.3$\pm$0.44 kg respectively. It required 1.24-1.68 services per conception with an average gestation length of 146 days. At low level of feeding the postpartum estrus interval was 37$\pm$2.6 days, which reduced (p<0.05) with high feeding level to 21$\pm$6.9 days. Kidding interval also reduced (p<0.05) from 192 d at low feeding level to 177 d at high feeding level. On an average there were two kiddings/doe/year. Average litter sizes in the 1st, 2nd, 3rd and 4th parity were 1.29, 1.71, 1.87 and 2.17 respectively. Birth weights of male and female kids were 1.24 and 1.20 kg respectively, which increased (p<0.05) with better feeding. Although kid mortality was affected (p<0.05) by dam's weight at kidding, birth weight of kid, milk yield of dam, parity of kidding, season of birth, but pre-netal dam's nutrition found to be the most important factor. Kid mortality reduced from 35% at low level of feeding to 6.5% at high level of feeding of dam during gestation. Apparently, this was due to high (p<0.05) average daily milk yield (334 vs. 556 g/d) and heavier and stronger kid at birth at high feeding level.

M2 Velocity and Expected Inflation in Korea: Implications for Interest Rate Policy (인플레와 M2 유통속도(流通速度))

  • Park, Woo-kyu
    • KDI Journal of Economic Policy
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    • v.13 no.2
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    • pp.3-19
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    • 1991
  • This paper attempts to identify key determinants of long run movements of real M2 by using the Johansen procedure for estimating and testing cointegration relations. It turns out that the real M2 equation has been stable over the long run despite rapid changes in financial structure since 1975. Moreover, the real M2 equation can be reduced to a velocity equation with the opportunity cost variable, expected inflation less the weighted average rate paid on M2 deposits, being the key determinant. However, it does not work to use a market interest rate such as the yield on corporate bonds in place of expected inflation for calculation of the opportunity cost. In the U.S., a market interest rate can be used, but not in Korea. Presumably, two somewhat different reasonings can be used to explain this result. One is that the yield on corporate bonds may not adequately reflect the inflationary expectations due to regulations on movements in interest rates. The other is that M2 deposits are not readily substitutable with such assets as corporate bonds because of market segmentations, regulations, and so on. From the policymaker's point of view, this implies that the inflation rate is an important indicator of a policy response. On the other hand, policymakers do not regard movements of the yield on corporate bonds as an important policy indicator. Altogether, the role of interest rates has been quite limited in Korea because of incomplete interest rate liberalization, an underdeveloped financial system, implementation procedures of policy measures, and so on. The result that M2 velocity has a positive cointegration relation with expected inflation minus the average rate on M2 implies that frequent adjustments of the regulated rates on M2 will be necessary as market conditions change. As the expected inflation gets higher, M2 velocity will eventually increase, given that the rates on M2 do not change. This will cause higher inflation. If interest rates are liberalized, then increases in market interest rates will result in lagged increases in deposits rates on M2. However, in Korea a substantial portion of deposit rates are regulated and will not change without the authority's initiatives. A tight monetary policy will cause increases in a few market interest rates. But the market mechanism, upward pressure for interest rate adjustments, never reaches regulated deposit rates. Hence the overall effects of tight monetary policy diminish considerably, only causing distortions in the flow of funds. Therefore, frequent adjustments of deposit rates are necessary as market conditions such as inflationary expectations change. Then it becomes important for the policymaker to actively engage in adjusting regulated deposit rates, because the financial sector in Korea is not fully developed.

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Leucaena leucocephala and Gliricidia sepium Supplementation in Sheep Fed With Ammonia Treated Rice Straw: Effects on Intake, Digestibility, Microbial Protein Yield and Live-Weight Changes

  • Orden, E.A.;Abdulrazak, S.A.;Cruz, E.M.;Orden, M.E.M.;Ichinohe, T.;Fujihara, T.
    • Asian-Australasian Journal of Animal Sciences
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    • v.13 no.12
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    • pp.1659-1666
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    • 2000
  • Two experiments were conducted to determine the effects of Leucaena leucocephala (leucaena) and Gliricidia sepium (gliricidia) supplementation on intake, digestion, outflow rates, microbial protein yield and live-weight changes in sheep fed with ammoniated rice straw (ARS). In experiment 1, three rumen cannulated Japanese Corriedale wether (mean body weight of 35.6 kg) in $3{\times}3$ Latin Square Design were used. Animals were fed ad libitum ARS alone, or supplemented with 200 g of either leucaena or gliricidia. In experiment 2, twenty-four growing native Philippine sheep with average body weight of $13.5{\pm}0.25kg$ were used in a completely randomized design (CRD) and offered similar diets to those of experiment 1. Supplementation increased total dry matter intake and nutrient digestibility except for fiber (p<0.05) without affecting ARS consumption. Nitrogen balance revealed that absorbed and retained N was significantly higher in leucaena and gliricidia. The significant improvement in N utilization and more digestible OM intake brought about by the inclusion of leucaena and gliricidia to ARS resulted in increased (p<0.05) microbial N yield. Efficiency of microbial N supply in supplemented group was not significantly different, but higher (p<0.05) than the 24.92 g N/kg DOMR for ARS group. Liquid outflow rate was 7.8 and 6.8 %/h, while the solid phase of rumen digesta was 4.4 and 3.8 %/h for the leucaena and gliricidia group respectively, which were significantly higher than 5.30 and 2.50 %/h in the control diet. The increase in total DMI resulted to higher (p<0.01) growth performance and efficient feed utilization. Average daily gain (ADG) was 19.3, 34.6 and 33.9 g/d for the ARS, leucaena and gliricidia respectively. It is therefore concluded that addition of leucaena and gliricidia to ARS in could increase nutrient intake and digestibility, subsequently improving N utilization and livestock performance.

Performance Evaluation of Karan Fries and Karan Swiss Cattle under Closed Breeding System

  • Singh, M.K.;Gurnani, M.
    • Asian-Australasian Journal of Animal Sciences
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    • v.17 no.1
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    • pp.1-6
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    • 2004
  • The 490 and 380 performance records of Karan Fries and Karan Swiss cows developed through crossbreeding followed by inter-se mating were evaluated for production, reproduction performance and disposal rate. Duration of study (1982-92) was grouped into five periods (1982-83; 1984-85; 1986-87; 1988-89; 1990-92) and each year was divided into four seasons (Winter: Dec.-Jan.; Spring: Feb.-March; Summer: April-June; Rainy: July-Sept.; Autumn: Oct.-Nov). Data were also classified according to sire and level of inbreeding. The least squares means of FLY (first lactation yield -305 days), FLL (first lactation length), FSP (first service period), FDP (first dry period), FCI (first calving interval ), MY/FLL (milk yield per day of first lactation length), MY/FCI (milk yield per day of first calving interval), EBV (expected breeding value) and EBE (expected breeding efficiency) were $3,173{\pm}82$ kg, $34611{\pm}$days, $143{\pm}11$ days, $75{\pm}6$ days, $423{\pm}11$ days, $10.6{\pm}0.2$ kg, $8.9{\pm}0.2$ kg, $3,380{\pm}26$ kg, and $88.2{\pm}1.3$% respectively in Karan Fries. Corresponding estimates in Karan Swiss cows were $2,616{\pm}82$ kg, $328{\pm}8$ days, $148{\pm}12$ days, $103{\pm}9$ days, $435{\pm}13$ days, $8.9{\pm}0.2$ kg, $7.2{\pm}0.3$ kg, $2,924{\pm38}$ kg and $86.0{\pm}3.8$% respectively. The effect of sire was significant on FLY, MY/FLL, MY/FCI and EBV in both the herd (p<0.01). The 10 and 15% sires showed superiority (FLY) over herd average of 11 and 7% in Karan Fries and 32 and 21% in Karan Swiss cattle respectively. Inbreeding has adversely and significantly (p<0.05) affected the FLY, MY/FLL, MY/FCI and survivability of Karan Fries females; FDP and disposal through culling of Karan Swiss heifers. The Karan Fries heifers with inbreeding above 12.5% performed 16% lower FLY to herd average. The effect of season of calving was significant on FLL, FSP and FCI (p<0.05) in Karan Fries. Summer calvers ($361{\pm}12$) were have higher lactation length and autumn calvers ($329{\pm}14$) had minimum. Period of calving significantly influenced the FSP, FCI, MY/FLL and MY/FCI in Karan Fries and FLY, MY/FLL and MY/FCI in Karan Swiss. Production efficiency traits in Karan Fries herd witnessed higher yield in the last two periods whereas, Karan Swiss heifers showed fluctuating performance. The findings suggested judicious use of available genetic variability, keeping of inbreeding under safer level and managemental interventions for the consistent improvement of both herds.

Effects of Customized Fertilizer Application on Growth and Yield of Rice (맞춤형비료 시용에 따른 벼 생육 및 비료 사용량 절감 효과)

  • Lee, Jong-Sik;Song, Yo-Sung;Lee, Ye-Jin;Yun, Hong-Bae;Jang, Byong-Chun;Kim, Rog-Young
    • Korean Journal of Soil Science and Fertilizer
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    • v.44 no.6
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    • pp.1124-1129
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    • 2011
  • The importance of environment-friendly agriculture is being magnified as a new growth engine industry in pursuit of low carbon, green growth policies. In order to provide technical supports for pushing ahead with the environment-friendly agriculture policies, we estimated the effects of customized fertilization on growth and yield of rice and fertilizer reduction compared to conventional fertilization and single-element fertilization. In rice plant growth and rice yield, no statistically significant difference between the three fertilization treatments was observed. In contrast, customized fertilization showed high disaster resistance reducing the damage caused by rice lodging during a typhoon. The average N application in farms showing high rice lodging amounted to $135kg\;N\;ha^{-1}$ while $135-138kg\;N\;ha^{-1}$ was known as the critical range of rice lodging in Korea. The fertilizer reduction rate of customized fertilization compared to conventional fertilization of investigated farms was on average 22.5%. We estimated the short-term effects of customized fertilization in the first year after application. In future, there is need for continuous examination of rice growth and soil environment change due to successive application of customized fertilizer.

Photosynthesis Monitoring of Rice using SPAR System to Respond to Climate Change

  • Hyeonsoo Jang;Wan-Gyu Sang;Yun-Ho Lee;Hui-woo Lee;Pyeong Shin;Dae-Uk Kim;Jin-Hui Ryu;Jong-Tag Youn
    • Proceedings of the Korean Society of Crop Science Conference
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    • 2022.10a
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    • pp.169-169
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    • 2022
  • Over the past 100 years, the global average temperature has risen by 0.75 ℃. The Korean Peninsula has risen by 1.8 ℃, more than twice the global average. According to the RCP 8.5 scenario, the CO2 concentration in 2100 will be 940 ppm, about twice as high as current. The National Institute of Crop Science(NICS) is using the SPAR (Soil-Plant Atmosphere Research) facility that can precisely control the environment, such as temperature, humidity, and CO2. A Python-based colony photosynthesis algorithm has been developed, and the carbon and nitrogen absorption rate of rice is evaluated by setting climate change conditions. In this experiment, Oryza Sativa cv. Shindongjin were planted at the SPAR facility on June 10 and cultivated according to the standard cultivation method. The temperature and CO2 settings are high temperature and high CO2 (current temperature+4.7℃ temperature+4.7℃·CO2 800ppm), high temperature single condition (current temperature+4.7℃·CO2 400ppm) according to the RCP8.5 scenario, Current climate is set as (current temperature·CO2400ppm). For colony photosynthesis measurement, a LI-820 CO2 sensor was installed in each chamber for setting the CO2 concentration and for measuring photosynthesis, respectively. The colony photosynthetic rate in the booting stage was greatest in a high temperature and CO2 environment, and the higher the nitrogen fertilization level, the higher the colony photosynthetic rate tends to be. The amount of photosynthesis tended to decrease under high temperature. In the high temperature and high CO2 environment, seed yields, the number of an ear, and 1000 seed weights tended to decrease compared to the current climate. The number of an ear also decreased under the high temperature. But yield tended to increase a little bit under the high temperature and high CO2 condition than under the high temperature. In addition, In addition to this study, it seems necessary to comprehensively consider the relationship between colony photosynthetic ability, metabolite reaction, and rice yield according to climate change.

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