• Communications for Statistical Applications and Methods
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• v.11 no.3
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• pp.495-501
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• 2004

HJM representation of the term structure of interest rates sometimes produces the negative interest rates with positive probability. This paper shows that the condition of positive interest rates can be derived from the jump diffusion process, if a proper positive martingale process with the compensated jump process is chosen. As in Flesaker and Hughston, the condition is incorporated into the bond price process.

• The Journal of Information Systems
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• v.29 no.1
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• pp.241-265
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• 2020

Purpose Various machine learning techniques are used to implement for predicting corporate credit. However, previous research doesn't utilize time series input features and has a limited prediction timing. Furthermore, in the case of corporate bond credit rating forecast, corporate sample is limited because only large companies are selected for corporate bond credit rating. To address limitations of prior research, this study attempts to implement a predictive model with more sample companies, which can adjust the forecasting point at the present time by using the credit score information and corporate information in time series. Design/methodology/approach To implement this forecasting model, this study uses the sample of 2,191 companies with KIS credit scores for 18 years from 2000 to 2017. For improving the performance of the predictive model, various financial and non-financial features are applied as input variables in a time series through a sliding window technique. In addition, this research also tests various machine learning techniques that were traditionally used to increase the validity of analysis results, and the deep learning technique that is being actively researched of late. Findings RNN-based stateful LSTM model shows good performance in credit rating prediction. By extending the forecasting time point, we find how the performance of the predictive model changes over time and evaluate the feature groups in the short and long terms. In comparison with other studies, the results of 5 classification prediction through label reclassification show good performance relatively. In addition, about 90% accuracy is found in the bad credit forecasts.

• Steel and Composite Structures
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• v.52 no.2
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• pp.165-182
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• 2024

Grouted sleeve splice (GSS) is an effective type of connection applied in the precast concrete structures as it has the advantages of rapidly assembly and reliable strength. To decrease the weight and cost of vertical rebar connection in precast shear walls, a light-weight sleeve is designed according to the thick-cylinder theory. Mechanical behaviour of the light-weighted GSS is investigated through experimental analysis. Two failure modes, such as rebar fracture failure and rebar pull-out failure, are found. The load-displacement curves exhibit four different stages: elastic stage, yield stage, strengthening stage, and necking stage. The bond strength between the rebar and the grout increases gradually from outer position to inner position of the sleeve, and it reaches the maximum value at the centre of the anchorage length. A finite element model predicting the mechanical properties of the light-weighted GSS is developed based on the Concrete Damage Plasticity (CDP) model and the Brittle Cracking (BC) model. The effect of the rebar anchorage length is significant, while the increase of the thickness of sleeve and the grout strength are not very effective. A model for estimating ultimate load, including factors of inner diameter of sleeves, anchorage length, and rebar diameter, is proposed. The proposed model shows good agreement with various test data.

• Structural Engineering and Mechanics
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• v.73 no.3
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• pp.353-365
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• 2020

In the previous studies, the authors proposed the use of laminated veneer lumber - carbon fiber reinforced polymer (LVL-CFRP) composite beams for structural application. Bond strength of the LVL-to-CFRP interface and flexural strengthening schemes to increase the bending capacity subjected to positive and negative moment were discussed in the previous works. In this article, theoretical models are proposed to predict the moment capacity when the LVL-CFRP beams are subjected to negative moment. Two common failure modes - CFRP fracture and debonding of CFRP are considered. The non-linear model proposed for positive moment is modified for negative moment to determine the section moment capacity. For the debonding based failure, previously developed bond strength model for CFRP-to-LVL interface is implemented. The theoretical models are validated against the experimental results and then use to determine the moment-rotation behaviour and rotational rigidity to compare the efficacy of various strengthening techniques. It is found that combined use of bi- and uni-directional CFRP U-wrap at the joint performs well in terms of both moment capacity and rotational rigidity.

• Computational Structural Engineering
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• v.5 no.4
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• pp.133-142
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• 1992

An analytical model was developed for predicting the pullout behavior of straight beam longitudinal bars anchored at exterior beam-column connections. The model incorporates a local bond constitutive simulation capable of considering the effects of anchored bar diameter, yield strength and the spacing, concrete compressive strength, and column pressure on the bond characteristics of deformed bars in confined conditions of exterior joints. The analytical techniques adopted in this study were shown to satisfactorily predict the results of pullout tests on straight bars embedded in confined concrete specimens. An evaluation of the ACI-ASCE Committee 352 development length requirements in exterior joint conditions was made using the developed analytical approach. The results of this analytical evaluation are indicative of the conservatism of the current development length requirements in the confined conditions of exterior joints.

• Advances in Computational Design
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• v.2 no.2
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• pp.147-168
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• 2017

Over the past couple decades, externally bonded fiber reinforced polymer (FRP) composites have emerged as a repair and strengthening material for many concrete infrastructure applications. This paper presents an analytical investigation of the use of carbon FRP (CFRP) for a specific problem that occurs in concrete bridge girders wherein the girder ends are damaged by excessive exposure to deicing salts and numerous freezing/thawing cycles. A 3D finite element (FE) model of a full scale prestressed concrete (PC) I-girder is used to investigate the effect of damage to the cover concrete and stirrups in the end region of the girder. Parametric studies are performed using externally bonded CFRP shear laminates to determine the most effective repair schemes for the damaged end region under a short shear span-to-depth ratio. Experimental results on shear pull off tests of CFRP laminates that have undergone accelerated aging are used to calibrate a bond stress-slip model for the interface between the FRP and concrete substrate and approximate the reduced bond stress-slip properties associated with exposure to the environment that causes this type of end region damage. The results of these analyses indicate that this particular application of this material can be effective in recovering the original strength of PC bridge girders with damaged end regions, even after environmental aging.

• Computers and Concrete
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• v.19 no.6
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• pp.631-639
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• 2017

This study experimentally investigated the flexural capacity of a concrete beam reinforced with a newly developed GFRP bar that overcomes the lower modulus of elasticity and bond strength compared to a steel bar. The GFRP bar was fabricated by thermosetting a braided pultrusion process to form the outer fiber ribs. The mechanical properties of the modulus of elasticity and bond strength were enhanced compared with those of commercial GFRP bars. In the four-point bending test results, all specimens failed according to the intended failure mode due to flexural design in compliance with ACI 440.1R-15. The effects of the reinforcement ratio and concrete compressive strength were investigated. Equations from the code were used to predict the deflection, and they overestimated the deflection compared with the experimental results. A modified model using two coefficients was developed to provide much better predictive ability, even when the effective moment of inertia was less than the theoretical $I_{cr}$. The deformability of the test beams satisfied the specified value of 4.0 in compliance with CSA S6-10. A modified effective moment of inertia with two correction factors was proposed and it could provide much better predictability in prediction even at the effective moment of inertia less than that of theoretical cracked moment of inertia.

• Bulletin of the Korean Space Science Society
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• 2003.10a
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• pp.26-26
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• 2003

During fabrication process for the large space optical surfaces, the traditional bound abrasive grinding with bronze bond cupped diamond wheel tools leaves the machine marks and the subsurface damage to be removed by subsequent loose abrasive lapping. We explored a new grinding technique for efficient quantitative control of precision CNC grinding for space optics materials such as Zerodur. The facility used is a NANOFORM-600 diamond turning machine with a custom grinding module and a range of resin bond diamond tools. The machining parameters such as grit number, tool rotation speed, work-piece rotation speed, depth of cut and feed rate were altered while grinding the work-piece surfaces of 20-100 mm in diameter. The input grinding variables and the resulting surface quality data were used to build grinding prediction models using empirical and multi-variable regression analysis methods. The effectiveness of the grinding prediction model was then examined by running a series of precision CNC grinding operation with a set of controlled input variables and predicted output surface quality indicators. The experiment details, the results and implications are presented.

• Journal of Integrative Natural Science
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• v.8 no.4
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• pp.273-284
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• 2015

Chemoattractant Receptor Homologous molecule expressed on Th2 cells (CRTh2) is a chemoattractant receptor with seven transmembrane helices targeted for inflammatory diseases such as asthma and allergic rhinitis. In this study, pharmacophore based Comparative Molecular Similarity Indices Analysis (CoMSIA) were performed on the series of 2-(2-(benzylthio)-1H-benzo[d]imidazol-1-yl) acetic acids derivatives. Initially, GASP module was used for generation of pharmacophore models using five highly active compounds from the dataset. Among the generated pharmacophores, the best pharmacophore model was selected based on fitness score and was used as template for the alignment of compounds which was used for CoMSIA analysis. The best predictions were obtained utilizing steric, hydrophobic and H-bond acceptor parameters showing a $q^2$=0.559 and $r^2$=0.730. 15 test set compounds was used to investigate the predictive ability of the CoMSIA model. Contour maps suggested that presence of bulky substituents and H-bond acceptor atoms at $5^{th}$ position of benzene ring will increase the activity of the compounds. The results obtained from this study will be useful to design more potent CRTh2 antagonists.

• Journal of the Korean Chemical Society
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• v.33 no.4
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• pp.413-418
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• 1989

The rates for the reaction of substituted 2-phenylethyl tosylates with substituted pyridines were measured in acetonitrile and that of 2-PNS with substituted pyridines were investigated in both acetonitrile and methanol. The substitutent effect was accelerated by an electron-donating substituent on both substrate and nucleophile. Results showed that More O'Ferrall and quantum mechanical model of predicting transition state structure suggest the reaction proceeds via an $S_N2$ mechanism, in which bond-breaking is more advanced than bond-formation. Transition state variation predicted with the quantum mechanical model is consistent with the experimental results, whereas the predictions provided by the More O'Ferrall plots is found to be inconsistent in leaving group. In the reaction of 2-PNS, the rate constants in acetonitrile were larger than that in methanol.