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An Empirical Study of the Effect of Oil Prices on International Price Dispersion (원유가격이 국가 간 가격분산에 미치는 영향에 대한 실증 연구)

  • Lee, Inkoo
    • Korea Trade Review
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    • v.43 no.2
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    • pp.69-86
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    • 2018
  • The paper studies the degree of international price dispersion for 300 individual goods and services between cities of three country groups over 1999 and 2013, focusing on the role of oil prices in generating deviations from the law of one price. We find that while oil prices did not contribute to the trend in cross-country price dispersion, it does account for within-country price dispersion. Once the oil price effect is subtracted out, the remaining price dispersion between U.S. cities no longer exhibits a noticeable upward trend. If oil prices increase transportation costs, they should increase the deviations from the law of one price, raising price dispersion. Our findings indicate that this effect is more pronounced within a country, while factors such as elasticity of substitution and other trade barriers are likely to matter more in price dispersion across borders. We view our results as complementary to those that emphasize the role of time-varying factors in accounting for price dispersion.

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Mechanics model of novel compound metal damper based on Bi-objective shape optimization

  • He, Haoxiang;Ding, Jiawei;Huang, Lei
    • Earthquakes and Structures
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    • v.23 no.4
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    • pp.363-371
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    • 2022
  • Traditional metal dampers have disadvantages such as a higher yield point and inadequate adjustability. The experimental results show that the low yield point steel has superior energy dissipation hysteretic capacity and can be applied to seismic structures. To overcome these deficiencies, a novel compound metal damper comprising both low yield point steel plates and common steel plates is presented. The optimization objectives, including "maximum rigidity" and "full stress state", are proposed to obtain the optimal edge shape of a compound metal damper. The numerical results show that the optimized composite metal damper has the advantages such as full hysteresis curve, uniform stress distribution, more sufficient energy consumption, and it can adjust the yield strength of the damper according to the engineering requirements. In view of the mechanical characteristics of the compound metal damper, the equivalent model of eccentric cross bracing is established, and the approximate analytical solution of the yield strength and the yield displacement is proposed. A nonlinear simulation analysis is carried out for the overall aseismic capacity of three-layer-frame structures with a compound metal damper. It is verified that a compound metal damper has better energy dissipation capacity and superior seismic performance, especially for a damper with double-objective optimized shape.

Factors affecting real-time evaluation of muscle function in smart rehab systems

  • Hyunwoo Joe;Hyunsuk Kim;Seung-Jun Lee;Tae Sung Park;Myung-Jun Shin;Lee Hooman;Daesub Yoon;Woojin Kim
    • ETRI Journal
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    • v.45 no.4
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    • pp.603-614
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    • 2023
  • Advancements in remote medical technologies and smart devices have led to expectations of contactless rehabilitation. Conventionally, rehabilitation requires clinicians to perform routine muscle function assessments with patients. However, assessment results are difficult to cross-reference owing to the lack of a gold standard. Thus, the application of remote smart rehabilitation systems is significantly hindered. This study analyzes the factors affecting the real-time evaluation of muscle function based on biometric sensor data so that we can provide a basis for a remote system. We acquired real clinical stroke patient data to identify the meaningful features associated with normal and abnormal musculature. We provide a system based on these emerging features that assesses muscle functionality in real time via streamed biometric signal data. A system view based on the amount of data, data processing speed, and feature proportions is provided to support the production of a rudimentary remote smart rehabilitation system.

Intellectual Property Disputes in the Era of the Metaverse: Complexities of Cross-Border Justice and Arbitration Consideration

  • Kye Hwan Ryu;Choong Mok Kwak
    • Journal of Arbitration Studies
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    • v.33 no.3
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    • pp.147-175
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    • 2023
  • The emergence of the metaverse, a complex three-dimensional virtual environment, has led to significant changes in the intellectual property (IP) landscape. This paper examines the challenges and legal intricacies of IP within the virtual realm, focusing on the unprecedented nature of these disputes and on the inadequacies of traditional jurisdiction methods. Drawing from international frameworks, including the International Law Association's Guidelines and WIPO's guides, the study critically explores arbitration as an alternate approach to metaverse IP disputes, analyzing its complexities and applicability. The paper further delves into challenges arising from diverse protection laws that pertain to the global nature of the metaverse, including the nuances of various digital assets like NFTs. By assessing jurisdictional difficulties, the paper addresses the adoption of decentralized justice platforms, and examines the role of Alternative Dispute Resolution (ADR) methods, this paper presents a comprehensive view of the evolving virtual legal field. It suggests that while innovative methods are emerging, traditional arbitration will likely remain the preferred choice for complex disputes, offering a balance of speed, cost-effectiveness, and legal robustness within the virtual world.

Primary cutaneous mucinous carcinoma in a periorbital lesion: two case reports and literature review

  • Jun Woo Kim;Sung Eun Kim
    • Archives of Craniofacial Surgery
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    • v.25 no.2
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    • pp.90-94
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    • 2024
  • Primary cutaneous mucinous carcinoma (PCMC) is a rare malignancy of the sweat glands that most commonly affects the periorbital area. It is characterized by slow growth over a prolonged period, and its morphology can be easily confused with a benign tumor, such as an epidermal cyst. Consequently, many patients experience recurrence after undergoing multiple resections. However, there are few reports concerning the surgical management of PCMC. We present two cases of PCMC originating in the periorbital area. The first case involved a 76-year-old man with a mass measuring 3.0×1.5 cm that had been increasing in size. The second case was a 61-year-old man with two masses, each measuring 1.0×1.0 cm, that were also growing. Both patients underwent wide excision with a 5-mm safety margin, which was determined based on the widest view of the cross-section of the mass on the magnetic resonance imaging. Subsequently, based on the intraoperative frozen biopsy results, both patients underwent additional excision with a 5-mm safety margin in only one direction. This report shows that, when determining the surgical margin of PCMC in periorbital area, employing imaging modalities and intraoperative frozen biopsies can be helpful for narrowing the surgical margin.

A clinical perspective on the anatomical study of digastric muscle

  • Nandini Prashanth Bhat;Suhani Sumalatha;Ashwija Shetty;Sushma Prabhath
    • Anatomy and Cell Biology
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    • v.56 no.4
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    • pp.441-447
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    • 2023
  • One of the suprahyoid muscles is the digastric muscle which comprises anterior and posterior bellies joined by an intermediate tendon. Because of its close relationship with the submandibular gland, lymph nodes, and chief vessels of the neck, detailed knowledge about the morphometry of the digastric muscle is essential. The objective of the current cross-sectional evaluative study is to record morphometry along with the digastric muscle's origin, insertion, and variability. Forty human cadavers (25 males and 15 females) were dissected, and the head and neck regions were studied in detail. The attachment of the digastric muscle anterior belly to the digastric fossa of the mandible was noted, and the distal attachment of the posterior belly to the mastoid notch was traced. The length of the anterior belly from the digastric fossa to its intermediate tendon and the length of the posterior belly from the intermediate tendon to its mastoid attachment were measured. There is a fair correlation between the length of the neck and the length of the anterior and posterior belly. The study also identified two cases of bilateral accessory bellies of the anterior belly of the digastric. Normal morphometric data is provided by this study on details of the digastric muscle. It is significant from a clinical and surgical point of view as the muscle lies in proximity to the important structures of the neck.

Groundwater-Stream Water Interaction Induced by Water Curtain Cultivation Activity in Sangdae-ri Area of Cheongju, Korea (청주 상대리지역에서 수막재배가 지하수-하천수 상호작용에 미치는 영향)

  • Moon, Sang-Ho;Kim, Yongcheol;Jeong, Youn-Young;Hwang, Jeong
    • Economic and Environmental Geology
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    • v.49 no.2
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    • pp.105-120
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    • 2016
  • Most of riverside in Korea, in case of application of water curtain cultivation (WCC) technique, has been inveterately suffering from the gradual drawdown of groundwater level and related shortage of water resources during the WCC peak time. We believe that the water resources issue in these riverside areas can be effectively solved when the interaction between groundwater and nearby surface water is well understood. To investigate the connection between stream and ground water, and the influence of stream water on the nearby aquifer, this study examined the water temperature and oxygen and hydrogen stable isotopic compositions. The study area is well-known strawberry field applying the WCC technique in Sangdae-ri, Gadeok-myon, Cheongju City, and the sampling was done from February 2012 through June 2014 for stream and ground water. Some groundwater wells near stream showed big temporal variations in water temperature, and their oxygen and hydrogen stable isotopes showed similar compositions to those of adjacent stream water. This indicates that the influence of stream water is highly reflected in the stable isotopic composition of groundwater. Four cross-sectional lines from stream to hillside were established in the study area to determine the spatial differences in water quality of wells. At the late stage of WCC in February to March, groundwater of wells in line with short cross-sectional length showed the narrow range of isotopic compositions; however, those in the long cross-sectional line showed a wide compositional range. It was shown that the influence of the stream water at the late WCC stage have reached to the distance of 160 to 165 m from stream line, which is equivalent to the whole length and one-third point in each short and long cross-sectional line, respectively. Therefore, the wide compositional range in the long cross-sectional lines was not only due to the influence of stream water, but apparently resulted from the change of relative impact of each groundwater supplying from two or more aquifers. In view of stable isotopic compositions, there seems to be three different aquifers in this study area, which is competing for dominance of water quality in wells at each period of WCC.

The Efficiency of Bank Underwriting of Corporate Securities in Korea (국내 자본시장 증권인수기능의 효율성에 관한 연구 : 은행계열과 비은행계열 금융기관 비교 분석)

  • Baek, Jae-Seung;Lim, Chan-Woo
    • The Korean Journal of Financial Management
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    • v.27 no.1
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    • pp.181-208
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    • 2010
  • In July 2007, Korean government has passed "The Capital Market and Financial Investment Services Act" to further develop the capital markets and the Act was to become effective in February 2009. Using a large sample of Korean firms, we have examined (i) the effect of underwriting activities on the firm value (bond spread) comparing commercial bank and investment bank, and (ii) the determinants of the firm value changes following underwriting activities of bank. To test our goal, we collected a wide range of samples of data for bond issuing activities executed by Korean firms listed on the Korea Stock Exchange (KSE) between 2000 and 2003. Our paper is distinguished from previous studies on this subject in a way that we analyzed the effect of corporate bond underwriting activities with regard to commercial banking and investment banking. Initially, we set up a hypothesis that "Certification View" and "Conflict-of-interest View" are major driving forces behind cross-firm differences in performance following bond issuance. We find that, in general, underwriting by investment bank (securities company) brings a positive effect on the firm value (spread between bench mark rate and bond issuing rate). This result indicates that firm value has been negatively affected by the bank underwriting and provides the evidence for "Conflict-of-interest View" in Korea. Our studies have also revealed that any change in firm value following bond issuance is positively related with the firm size (total asset), operating performance, liquidity (cashflow), and equity ownership by foreign investors. Overall, our results support the view that bank underwriting activities can play an important role in determining firm value and financial strategies under "The Capital Market and Financial Investment Services Act" of 2007.

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A Study on the Aesthetics of Dart Manipulation for Women's Body Types in Their 30's - Focused on the Bodice Prototypes - (30대 여성의 체형에 따른 다트매니플래이션의 심미성연구 - 상의 원형 중심으로 -)

  • Jeong, Jae-Chul;Kwon, Soon-Kyo;Park, Sun-Kyung
    • Journal of the Korean Society of Costume
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    • v.62 no.5
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    • pp.73-87
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    • 2012
  • The purpose of this study is to find the Dart Manipulation with good fitting and evaluate the aesthetics of Dart Manipulation that is used in the designs of the original tops for women in their 30's. Subsequently, it suggests dart manipulation with good body fitting and physical fitness when designing original tops. The findings of this study are as follows. First, in the fitting of Dart Manipulation for different body types, cross direction Dart Manipulation received good marks in the Square Body Type while mixed direction and diagonal direction Dart Manipulation received high evaluation in the Standard Body Type. Also, for the Reverse Triangle Body Type, mixed direction Dart Manipulation received high marks. Since there are only small changes in fitting for the Square Body Type, the position of Dart Manipulation should be determined in regards to the aesthetic view as well as the fitting of the Standard Body Type and Reverse Triangle Body Type. Second, in the fitness of Dart Manipulation for different body types, an approach from the aesthetic view should be considered for Square Body Types because of the differences in fitness according to the position of dart manipulation. The fitness should be considered when positioning Dart Manipulation for the Standard Body Type and Reverse Triangle Body Type because of these differences. Third, for the greater variance of drop for these different body types, the change of the amount of dart received lower evaluation in fitting since the amount of dart increased when the dart was located higher than B.P. The number of dart should likely increase when gathering or tucking is necessary when there is an excessive amount of dart in Dart Manipulation for the different body types. Fourth, as for the changes of wrinkles in accordance with the body type, wrinkles were likely to be formed at the breast or neck area when there was a larger difference in drop. To prevent such problems, one more dart should be made on the wrinkle. In conclusion, the study suggests designing the original top with a better look and comfort by setting the balance between aesthetics and fitting in the design stage.

A Study on the Ancient Architecture in view of the Stone Remains (focused on the 3 Kingdom Period and Unificated Shilla Period) (석조유구(石造遺構)를 통한 한국(韓國) 고대건축(古代建築)에 관한 연구(硏究) -삼국시대와 통일신라시대를 중심으로-)

  • Cheon, Deuk-Youm;Park, Ji-Min
    • Journal of architectural history
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    • v.8 no.3 s.20
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    • pp.23-38
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    • 1999
  • The purpose of this study is to analogize the appearance of Korean Ancient Architecture in view of the Stone Remains from 3 Kingdom Period to Unificated Shilla Period. But in these period, there is no building remains but some stupas and fine arts. Especially, there are many architectural appearance and revealing signature in these Historical Stone remains. Architectural elements which are analogized by stone remains what has value as historical materials by preservation of original form from 3 Kingdom Preiod to Unificated Shilla Period are as follows : 1) Platform, the representative characteristic of Korean traditional architecture, was frame structure and accumulate structure. And circular or square footing stood a same shape column on it is put on the platform. 2) In the case of column, there used entasis column and inclined column and circular chamfer technique was applied on the top side of it. Upper side of column, capital and head pentrating tie that small bearing block was put on the center of it was joined. And longitu야nal rest(長舌) supported a cross beam. Capital and small bearing block had no bottom heel, and heel side was curved and straight. Centered bracket structure was often used, and multi bracket structure is not used yet. Inward incline technique was used. 3) Inward opening pair door which had lintel, threshold, doorjamb was usually used, Fixing stone was used for structural safety, and circular handle and lock was used for decoration. Handrail was used on the edge of wooden floor for decorative effect and safety. 4) Square rafter and circular rafter were used in the same period and so did flying rafter. Double eaves and single eave were used in the same period but, single eave was usually used. In this period, square rafter was usually used. This would be studied more by comparing with Japanese wooden architecture. 5) Hipped roof was used and half-hipped roof was not used yet. In front of th hip, there are small sculpture called Jap-Sang(雜像), and windbell was hang on the end of the hip rafter. Concave roof tile, convex roof tile, round eaver tile, decorative tile at end of roof ridge were used. Lotus style was well used on the face of roof tile for decoration. From the results of this study, wooden architecture of Unificated Shilla period was simple compare to Koryo dynasty and Chosun dynasty but, it had some brilliant character. It was hard work that analogized the form of non-existent wood architecture of Ancient Korean period by restricted stone remains. But, in addition to the results of this study and research of old documentations, more study should be go on.

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