• Title/Summary/Keyword: cumulative effect

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A Study on Reversals after Stock Price Shock in the Korean Distribution Industry

  • Jeong-Hwan, LEE;Su-Kyu, PARK;Sam-Ho, SON
    • Journal of Distribution Science
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    • v.21 no.3
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    • pp.93-100
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    • 2023
  • Purpose: The purpose of this paper is to confirm whether stocks belonging to the distribution industry in Korea have reversals, following large daily stock price changes accompanied by large trading volumes. Research design, data, and methodology: We examined whether there were reversals after the event date when large-scale stock price changes appeared for the entire sample of distribution-related companies listed on the Korea Composite Stock Price Index from January 2004 to July 2022. In addition, we reviewed whether the reversals differed depending on abnormal trading volume on the event date. Using multiple regression analysis, we tested whether high trading volume had a significant effect on the cumulative rate of return after the event date. Results: Reversals were confirmed after the stock price shock in the Korean distribution industry and the return after the event date varied depending on the size of the trading volume on the event day. In addition, even after considering both company-specific and event-specific factors, the trading volume on the event day was found to have significant explanatory power on the cumulative rate of return after the event date. Conclusions: Reversals identified in this paper can be used as a useful tool for establishing a trading strategy.

Influence of strong ground motion duration on reinforced concrete walls

  • Flores, Camilo;Bazaez, Ramiro;Lopez, Alvaro
    • Earthquakes and Structures
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    • v.21 no.5
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    • pp.477-487
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    • 2021
  • This study focuses on the influence of strong ground motion duration on the response and collapse probability of reinforced concrete walls with a predominant response in flexure. Walls with different height and mass were used to account for a broad spectrum of configurations and fundamental periods. The walls were designed following the specifications of the Chilean design code. Non-linear models of the reinforced concrete walls using a distributed plasticity approach were performed in OpenSees and calibrated with experimental data. Special attention was put on modeling strength and stiffness degradation. The effect of duration was isolated using spectrally equivalent ground motions of long and short duration. In order to assess the behavior of the RC shear walls, incremental dynamic analyses (IDA) were performed, and fragility curves were obtained using cumulative and non-cumulative engineering demand parameters. The spectral acceleration at the fundamental period of the wall was used as the intensity measure (IM) for the IDAs. The results show that the long duration ground motion set decreases the average collapse capacity in walls of medium and long periods compared to the results using the short duration set. Also, it was found that a lower median intensity is required to achieve moderate damage states in the same medium and long period wall models. Finally, strength and stiffness degradation are important modelling parameters and if they are not included, the damage in reinforced concrete walls may be greatly underestimated.

Analysis of Hysteresis Characteristics of Buckling Restrained Brace According to Lateral buckling prevention Method (횡좌굴 방지방식에 따른 비좌굴가새의 이력특성 분석)

  • Kim, Yu-Seong;Lee, Joon-Ho;Kim, Gee-Chul
    • Journal of Korean Association for Spatial Structures
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    • v.23 no.1
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    • pp.61-68
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    • 2023
  • Buckling Restrained Braces can not only express the strength considered at the time of design, but also reduce the seismic load by energy dissipation according to the plastic behavior after yield deformation of the steel core. The physical characteristics and damping effect may be different according to the buckling prevention method of the steel core by the lateral restraint element. Accordingly, in this study, To compare hysteresis characteristics, Specimen(BRB-C) filled with mortar, specimen(BRB-R) combined with a buckling restraint ring and Specimen(BRB-EP) filled with engineering plastics was fabricated, and a cyclic loading test was performed. As a result of the cyclic loading test, the maximum compressive strength, cumulative energy dissipation and ductility of each test specimen was similar. But in case of the cumulative energy dissipation and ductility, BRB-C filled with the mortar specimen showed the lowest. This is considered to be because the gap between the steel core and the reinforcing material for plastic deformation was not uniformly formed by pouring mortar around the core part.

Indoor Air Quality in Aircraft: The Impact of Increased Mobility and Health Effects and the Influence of Bleed Air (항공기 내 실내공기질에 관한 고찰: 이동의 증가와 건강에 미치는 영향 및 블리드에어의 영향)

  • Seunghon Ham
    • Journal of Environmental Health Sciences
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    • v.49 no.3
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    • pp.129-133
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    • 2023
  • Background: With the rise in global mobility, aircraft indoor air quality has become a significant public health concern. This study focuses on the health implications of increased travel and bleed air-air drawn from aircraft engines for cabin pressurization and air conditioning. Objectives: This research aims to review the potential health effects related to exposure to aircraft cabin air, particularly the effects of bleed air during fume events. Methods: We conducted a literature review of existing studies on aircraft cabin air quality. We focused on both the immediate and health effects of exposure to cabin air, particularly those related to bleed air contaminants. Results: The review found a possible link between exposure to aircraft cabin air and certain health issues, especially in cabin crew and frequent flyers. There was an increased incidence of respiratory and neurological symptoms related to bleed air exposure. However, the cumulative health effects of frequent air travel remain inconclusive due to limited data. Conclusions: This study highlights the need for improving air quality in aircraft to protect public health. While further research is needed to understand the cumulative effects of frequent air travel, the reduction of exposure to bleed air contaminants should be a priority. These findings underline the need for regulatory changes and technological improvements in aircraft cabin air quality.

Comparative Effect of Interventions for Fall Prevention in Hospitals: Network Meta-analysis (병원 입원 환자를 위한 낙상예방중재 효과의 비교우위: 네트워크 메타분석)

  • Kang, Hyunwook;Ko, Ji Woon
    • Journal of muscle and joint health
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    • v.30 no.3
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    • pp.218-229
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    • 2023
  • Purpose: This study aimed to assess and compare the effectiveness of various fall prevention interventions in hospitals through a network meta-analysis. Methods: A network meta-analysis was conducted using the "netmeta" package in R software (v4.1), employing a frequency method. Odds ratios of fall rates and injurious fall rates were utilized to confirm the effects of interventions for fall prevention. Comparative rankings of these interventions were determined using cumulative probability (P-score). Results: Comparative rankings via cumulative probability (P-scores) revealed individualized education as the most effective intervention for fall incidence (P-Score 87.8%). Followed by fall-preventing sensors (60.9%), multicomponent interventions (47.4%), usual care (33.2%), and environmental modification (20.7%). For fall-related injuries, individualized education ranked highest (P-Score 97.1%), followed by multicomponent interventions (76.0%), usual care (47.6%), environmental modification (24.2%), and fall-preventing sensors (5.1%). Conclusion: This study provides valuable insights into the relative effectiveness of diverse interventions in preventing fall incidence through network meta-analysis. The findings aim to support nurses in making informed decisions when implementing fall prevention strategies in clinical practice.

A Test Procedure for Checking the Proportionality Between Hazard Functions

  • Lee, Seong-Won;Kim, Ju-Seong
    • Journal of the Korean Data and Information Science Society
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    • v.14 no.3
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    • pp.561-570
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    • 2003
  • We propose a nonparametric test procedure for checking the proportionality assumption between hazard functions using a functional equation. Because of the involvement of censoring distribution function, we consider the large sample case only and obtain the asymptotic normality of the proposeed test statistic. Then we discuss the rationale of the use of the functional equation, give some examples and compare the performances with Andersen's procedure by computing powers through simulations.

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Plastic collapse behaviour of statically indeterminate beams with a crack under concentrated load (집중하중하의 균열을 갖는 부정정보의 소성붕괴거동)

  • 남기우
    • Journal of Ocean Engineering and Technology
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    • v.10 no.4
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    • pp.67-74
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    • 1996
  • The paper focuse on the effect of a crack subjects to collaspe behabiors of statically indeterminate beams under concentrated load. Through the experiment and calculation, it was revealed that the collaspe load of statically indeterminate beams is much higher than that of statically determinate beams. The cumulative AE event counts of statically determinate beams was less than that of statically indeterminate beams, and the center notch beams sas revealed less than that of the side notch beams.

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Maximum Likelihood Estimation of Lifetime Distribution under Stress Bounded Ramp Tests: The Case Where Stress Loaded from Use Condition (스트레스 한계가 있는 램프시험하에서 신뢰수명분포의 최우추정: 사용조건에서부터 스트레스를 가하는 경우)

  • 전영록
    • Journal of Korean Society for Quality Management
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    • v.25 no.2
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    • pp.1-14
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    • 1997
  • This paper considers maximum likelihood (ML) estimation of lifetime distribution under stress bounded ramp tests in which the stress is increased linearly from used condition stress to the stress u, pp.r bound. The following assumptions are used: exponential lifetime distribution under a constant stress, an inverse power law relationship between stress and mean of exponential lifetime distribution, and a cumulative exposure model for the effect of changing stress. Likelihood equations for the parameters involved in the model and asymptotic distribution of the estimators are obtained, and a numerical example is given.

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Analysis of Measuring Error of Surface Roughness by Contact Stylus Profilometer (촉침에 의한 표면 거칠기 측정 오차 해석)

  • Cho, Nahm-Gyoo;Kwon, Ki-Hwan
    • Journal of the Korean Society for Precision Engineering
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    • v.16 no.12
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    • pp.174-181
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    • 1999
  • This paper describes the effect of the stylus tip size on the shape error in surface topography measurement. To analyze the distortional effect of an actual surface geometry origination from the finite stylus size, the surface is modeled as a sinusoid and the stylus tip as a circle. The magnitude of this distortion is defined as the ration of standard deviation, and this is expressed as an analytic function of the stylus tip radius and the geometrical parameter of a sinusoid. In this paper, the spectrum analysis of the profile is applied to investigate the distortional effect due to the mechanical filtering of the stylus in the frequency domain. and, the cumulative power spectrum is proposed to assess the shape error of measured data according to the various stylus tip sizes. From these results, a new method to select proper stylus tip radius is proposed.

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Interaction Effect of Network Structure and Knowledge Search on Knowledge Diffusion (지식 전파에 있어 네트워크 구조와 지식 탐색의 상호작용)

  • Park, Chulsoon
    • Korean Management Science Review
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    • v.32 no.4
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    • pp.81-96
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    • 2015
  • This paper models knowledge diffusion on an inter-organizational network. Based on literatures related to knowledge diffusion, the model considers critical factors that affect diffusion behavior including nodal property, relational property, and environmental property. We examine the relationships among network structure, knowledge search, and diffusion performance. Through a massive simulation runs based on the agent-based model, we find that the average path length of a network decreases a firm's cumulative knowledge stock, whereas the clustering coefficient of a firm has no significant relationship with the firm's knowledge. We also find that there is an interaction effect of network structure and the range of knowledge search on knowledge diffusion. Specifically, in a network of a larger average path length (APL) the marginal effect of search conduct is significantly greater than in that of a smaller APL.