• Journal of Korean Institute of Industrial Engineers
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• 제43권1호
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• pp.30-38
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• 2017

Contingent convertible (Coco) bonds have been issued in 2009 after financial crisis for improvement of capital structure in international banks. With more focuses on coco bonds in financial market, academic fields have paid attention to the instrument for optimal structure for issuers and rational pricing methodologies. However, there is a crucial discrepancy in prevailing pricing model and their target subjects. Though most of the coco bonds have been issued based on accounting triggers, many of existing models are based on market prices and therefore exhibit limitations in practical use. In this paper, a more practical pricing method for accounting triggered coco bonds is proposed using stochastic equity ratio process. Empirical results tested on coco bond issued by JB financial group supported the proposed approach with favorable performance in tracking actual market prices.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• 제9권6호
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• pp.96-102
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• 2000

Spinning mechanism is generally used in coasting process on grass plates. Rebounding PR(Photo Resist) which leads to occur inferiority of coating process is caused by vibrational energy of whole coating system. In this study, the sensitivity analysis is performed to analyze and reduce vibrational terms in the spin coating system. The sensitivity analysis is bared on the numerical expression of this system. By the bond graph method. power flow of each system is represented by some basic bond graph elements. Any energy domain system is modeled using the unified elements. The modelled spin coater system is verified with power spectrum data measured by FFT analyzer. As the results of verifying model parameters and sensitivity analysis, principal factors causing vibration phenomenon are mentioned. A study on vibration method in the spin coating system is discussed.

• Proceeding of EDISON Challenge
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• 제5회(2016년)
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• pp.155-162
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• 2016

This study attempts to reveal structures of two-dimensional ring polymer solutions in various polymer concentrations ranging from dilute to concentrated regime. Polymer sizes, single molecule structure factors, bond correlation functions and monomer density distribution functions from center of mass are given in order to clarify the polymer structures. Our study shows that a ring in dilute solution maintain pseudo-circular structure with self-avoiding walk (SAW) statistics, and it seems to be composed of two connecting SAW linear chains. In semidilute solutions, ring polymers are not entangled with each other and adopt collapsed configurations. Such assumption of collapsed structures in the semidilute regime gives an overlap concentration of ${\varphi}^*{\sim}N^{-1/2}$ where N is degree of polymerization. By normalizing the polymer concentration by these overlap concentration, we find universal behaviors of polymer sizes and structure factors regardless of N.

• Journal of the Korea Academia-Industrial cooperation Society
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• 제16권3호
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• pp.2279-2286
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• 2015

Recently it has been actively studied that the use of hybrid GFRP-concrete structure with dual purpose of both a permanent forwork and main tensile reinforcement of GFRP plank. In applying general analysis and design technique to evaluate the performance of hybrid structures with cast-in-place high strength concrete and GFRP plank, it is essential that the characteristics of the bond slip model is identified. In this study a simplified bilinear bond slip model for hybrid structure with GFRP plank and cast-in-place high strength concrete is proposed. Maximum average bond stress of simple bond slip relationship that has been proposed in this study is 3.29MPa, initial slope is 35.66MPa/mm, the total slip is 0.23mm and interfacial fracture energy is 0.37kN/m.

• Journal of the Korea institute for structural maintenance and inspection
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• 제28권2호
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• pp.77-86
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• 2024

In this study, authors attempted to determine the bond behavior characteristics to utilize Grid typed CFRP reinforcement as an alternative to steel rebar used as concrete reinforcement. Since it is difficult to understand the influence of the transverse grid length of the Grid typed CFRP reinforcement in the existing numerical analysis proposal for bond behavior, a nonlinear 3D model was created and finite element analysis was performed. To perform the analysis, the analysis was conducted by inputting a nonlinear material model and modeling the bond interface characteristics between the Grid typed CFRP reinforcement and concrete and comparing them with the actual direct pull-out test results. The bond behavior characteristics of the Grid typed CFRP reinforcement were found to be very dominated by the factors of the transverse grid, and showed a tendency to continuously increase load.

• International Journal of Fuzzy Logic and Intelligent Systems
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• 제6권4호
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• pp.331-334
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• 2006

Original Support Vsctor Machines (SVMs) by Vapnik were used for binary classification problems. Some researchers have tried to extend original SVM to multiclass classification. However, their studies have only focused on classifying samples into nominal categories. This study proposes a novel multiclass SVM model in order to handle ordinal multiple classes. Our suggested model may use less classifiers but predict more accurately because it utilizes additional hidden information, the order of the classes. To validate our model, we apply it to the real-world bond rating case. In this study, we compare the results of the model to those of statistical and typical machine learning techniques, and another multi class SVM algorithm. The result shows that proposed model may improve classification performance in comparison to other typical multiclass classification algorithms.

• Computers and Concrete
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• 제6권3호
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• pp.235-252
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• 2009

Due to the reduction of bond strength resulting from the high corrosion level of reinforcing bars, influence of this reduction on flexural capacity of reinforced concrete (RC) beam should be considered. An extreme case is considered, where bond strength is complete lost and/or the tensile steel are exposed due to heavy corrosion over a fraction of the beam length. A compatibility condition of deformations of the RC beam with partially unbonded length is proposed. Flexural capacity of this kind of RC beam is predicted by combining the proposed compatibility condition of deformations with equilibrium condition of forces. Comparison between the model's predictions with the experimental results published in the literature shows the practicability of the proposed model. Finally, influence of some parameters on the flexural capacity of RC beam with partially unbonded length is discussed. It is concluded that the flexural capacity of the beam may not be influenced by the completely loss of bond of the whole beam span as long as the tensile steel can yield; whether or not the reduction of the flexural capacity of the beam resulting from the loss of bond over certain length may occur depends on the detailed parameters of the given beam.

• The Korean Journal of Applied Statistics
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• 제28권4호
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• pp.703-719
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• 2015

We propose an extension of the Lee and Jho (2015) mean reverting the two factor mortality model by incorporating a period-specific cohort effect. We found that the consideration of cohort effect improves the mortality fit of Korea male data above age 65. Parameters are estimated by the weighted least squares method and Metropolis algorithm. We also emphasize that the cohort effect is necessary to choose the base survival index to calculate longevity bond issue price. A key contribution of the article is the proposal and development of a method to calculate the longevity bond price to hedge the longevity risk exposed to Korea National Pension Services.

• Applied Biological Chemistry
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• 제37권6호
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• pp.447-450
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• 1994

Rate of hydrolysis ethylene phosphate, dimethylphosphate and hydroxyethylmethylphosphate in neutral water have been measured. Hydrolysis of ethylene phosphate proceeds with P-0 bond cleavage $(k_{obs}=3{\times}10^{-7}s^{-1}\;at\;100^{\circ}C,\;{\Delta}H{\neq}=24\;kcal,\;{\Delta}S{\neq}=25.5\;eu)$. In constrast, hydrolysis of dimethylphosphate proceeds with C-O bond cleavage $(k_{obs}=3{\times}10^{-7}s^{-1}\;at\;150^{\circ}C)$. The rate constant for P-O bond cleavage of dimethylphosphate is estimated at $1{\times}10^{-11}s^{-1}\;at\;150^{\circ}C,\;({\Delta}H{\neq}=36\;kcal,\;{\Delta}S{\neq}=25.5\;eu)$. A phosphodiesterase catalyzed hydrolysis of dimethylphosphate is $10^{17}$ times faster than the simple water rate. The observed rate of hydrolysis of hydroxyethylmethylphosphate is comparable to that of dimethylphosphate indicating C-O bond cleavage $(k_{obs}=6{\times}10^{-7}s^{-1}\;at\;150^{\circ}C)$.

• Steel and Composite Structures
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• 제8권6호
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• pp.457-473
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• 2008

Yielding of the internal steel reinforcement is an important mechanism that influences the Intermediate Crack-induced debonding (IC debonding) behavior in FRP-strengthened RC members since the FRP is required to carry additional forces beyond the condition of steel yielding. However, rational design practice dictates an appropriate limit state is defined when steel yielding is assured prior to FRP debonding. This paper proposes a criterion which correlates the occurrence of IC debonding to the formulation of a critical steel yielding length. Once this length is exceeded the average bond stress in the FRP/concrete interface exceeds its threshold value, which proves to correlate with the average bond resistance in an FRP/concrete joint under simple shear loading. This proposed IC debonding concept is based on traditional sections analysis which is conventionally applied in design practice. Hence complex bond stress-slip analyses are avoided. Furthermore, the proposed model incorporates not only the bond properties of FRP/concrete interface but also the beam geometry, and properties of steel and FRP reinforcement in the analysis of IC debonding strength. Based upon a solid database, the validity of the proposed simple IC debonding criterion is demonstrated.