• The Korean Journal of Applied Statistics
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• v.21 no.2
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• pp.221-231
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• 2008

This study attempts to perform the statistical tests for the comovement of the stock prices between Korea and U.S. by using the weekly data instead of the usual daily data. The restoring pattern, from the short-run disequilibrium to the long-run equilibrium point, is also carefully estimated if the long-run relationships exist between the stock prices. The cointegrating relations between the stock prices appear to begin to hold during the period of the financial crisis. It is found to be consistently estimated that the equilibrium error is slowly eliminated till the end of the financial crisis, while quickly removed after the period.

• Journal of the Korean Society for Precision Engineering
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• v.26 no.11
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• pp.62-69
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• 2009

This paper describes the development of the new type equilibrium sensation measuring system for human with handicap in the equilibrium sensation. The medium and small hospital could not use the developed equilibrium sensation measuring system, because it is very high prices. Therefore, the new type system should be developed to measure the numerical value of the equilibrium sensation in human with handicap. In this paper, First, two 3-axis force/moment sensors which can measure force Fz, moments Mx and My simultaneous were designed and manufactured, second, the high speed measuring device which can acquire the output from two 3-axis force/moment sensors, third, the new type equilibrium sensation measuring system was developed, then the characteristic test of the developed equilibrium sensation measuring system carried out, it is confirmed that the system could measure the swing body of human with handicap.

• The Korean Journal of Financial Management
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• v.25 no.3
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• pp.111-130
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• 2008

This paper compares long term equilibrium relation of KOSPI 200 which is underling stock and its futures by using general method fractional cointegration instead of existing integer cointegration. Existence of integer cointegration between two price time series gives much wider information about long term equilibrium relation. These details grasp long term equilibrium relation of two price time series as well as reverting velocity to equilibrium by observing difference coefficient of error term when it renounces from equilibrium relation. The result of this study reveals existence of long term equilibrium relation between KOSPI200 and futures which follow fractional cointegration. Difference coefficient, d, of 'two price time series error term' satisfies 0 < d < 1/2 beside bandwidth parameter, m(173). It means two price time series follow stationary long memory process. This also means impulse effects to balance price of two price time series decrease gently within hyperbolic rate decay. It indicates reverting speed of error term is very low when it bolts from equilibrium. It implies to market maker, who is willing to make excess return with arbitrage trading and hedging risk using underling stock, how invest strategy should be changed. It also insinuates that information transition between KOSPI 200 Index market and futures market does not working efficiently.

• Journal of the Korean Regional Science Association
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• v.14 no.1
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• pp.143-161
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• 1998

This paper applies dynamic versions of shift share models to a simple regional employment model. It tests for the existence of a long run interregional employment equilibrium and then estimates the impulse response functions for each employment series to determine which shocks are temporary and which are permanent.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.769-775
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• 2021

The objective of this research was to analyze the factors influencing the farm-gate shrimp prices in Thailand using monthly time series from January 2001 to December 2019. The econometric methodology was employed to satisfy the purpose, consisting of the cointegration test for revealing the long-run relationship and equilibrium elasticity between the variables as well as the error correction model for detecting speed adjustment to shock responses. The empirical results revealed that (1) the export shrimp prices, shrimp production in the country, and shrimp export volume indicated a long-run relationship running to the farm-gate shrimp prices in Thailand with the size of equilibrium elasticity equal to 1.083%, -0.256%, and 0.123, respectively, and (2) the farm-gate shrimp prices in Thailand would adjust to the equilibrium line with a speed equal to 20.147% if there was any kind of incident or shock which caused the relationship to deviate from the equilibrium point. There was no relationship in terms of global shrimp prices and the exchange rate for farm-gate shrimp prices in Thailand. The recommendations should emphasize the varieties of shrimp products for export to other countries beyond the main trading markets nowadays to reduce risks and fluctuations in the export prices of shrimp products.

• Journal of the Korean Society for Precision Engineering
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• v.22 no.8 s.173
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• pp.192-198
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• 2005

In this paper, we propose a new training system for the improvement of equilibrium sense using unstable platform. The equilibrium sense, which provides orientation with respect to gravity, is important to integrate the vision, somatosensory and vestibular function to maintain the equilibrium sense of the human body. In order to improve the equilibrium sense, we developed the software program such as a block game, pingpong game using Visual C++. These training system for the equilibrium sense consists of unstable platform, computer interface and software program. The unstable platform was a simple structure of elliptical-type which included tilt sensor, wireless RF module and the device of power supply. To evaluate the effect of balance training, we measured and evaluated the parameters as the moving time to the target, duration to maintain cursor in the target of screen and the error between sine curve and acquired data. As a results, the moving time to the target and duration to maintain cursor in the target was improved through the repeating training of equilibrium sense. It was concluded that this system was reliable in the evaluation of equilibrium sense. This system might be applied to clinical use as an effective balance training system.

• Korean Chemical Engineering Research
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• v.56 no.2
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• pp.222-228
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• 2018

Benzene is one of the most widely used basic materials in the petrochemical industry. Generally, benzene exists as a mixture with alcohols rather than as a pure substance. Further, the alcohols-added mixtures usually exhibit an azeotropic composition. In this context, knowledge of the phase equilibrium behavior of the mixture is essential for its separation and purification. In this study, the vapor-liquid equilibrium data were measured in favor of a recirculating VLE apparatus under constant pressure for the 1 - propanol / benzene system. The measured vapor - liquid equilibrium data were also correlated by using the UNIQUAC and WILSON models and the thermodynamic consistency test based on the Gibbs/Duhem equation was followed. The results of the phase equilibrium experiment revealed RMSEs (Root Mean Square Error) and AADs (Average Absolute Deviation) of less than 0.05 for both models, indicating a good agreement between the experimental value and the calculated value. The results of the thermodynamic consistency test also confirmed through the residual term within ${\pm}0.2$.

• The Journal of shipping and logistics
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• v.34 no.4
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• pp.545-563
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• 2018

This study analyzes the major factors affecting the freight rates of Very Large Crude-Oil Carriers (VLCC) using co-integration and vector error correction models (VECM). Particularly, we estimate the long-term equilibrium function that determines the VLCC freight rate by conducting difference conversion. In the VECM regression analysis, the error term converges toward long-term balance irrespective of whether the previous period's freight rate is bigger or smaller than the long-term equilibrium rate. Thus, even if the current rate is different from the long-term rate, it eventually converges to the long-term balance irrespective of a boom or recession. This study follows Ko and Ahn (2018), which analyzed the factors affecting the chemical carrier freight rate and was published in the Journal of Shipping and Logistics (Vol. 34, No. 2). It is expected that an academic comparison of the results of each study will be possible if further research is conducted on other vessel types, such as container ships and dry cargo vessels.

• Journal of Ocean Engineering and Technology
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• v.28 no.6
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• pp.527-532
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• 2014

The thickness of Arctic sea ice is a particularly significant factor in Arctic shipping and other ice-related research areas such as scientific sea ice investigations and Arctic engineering. In this study, the relation between the measured sea ice thickness and freeboard on the Chukchi and Beaufort Seas during the 2010 and 2011 Arctic cruise of the icebreaking research vessel "Araon" were considered. An assumption of hydrostatic equilibrium was used to estimate the ice thickness as a function of the freeboard. Then, to examine the degree of error, a sensitivity analysis of the thickness estimation of the sea ice was conducted. The error in the density and depth of the snow and the error in the density of the seawater were subordinate parameters, but the density of the ice and the freeboard were the primary parameters in the error calculation. The presented relation formula showed fairly close agreement between the calculated and measured results at a freeboard of >0.24 m.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2000.04b
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• pp.61-68
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• 2000

In general, the design of membrane structures takes three steps. The first is shape finding analysis which is determination of initial equilibrium geometry with uniform stresses. The second step involve the computation of the stress-deformation to get completed membrane under various load conditions. The third step is to divide the membrane structures into several plan strips from the initial equilibrium states. This procedure is needed because of the initial shape has usually undevelopable curved surface and is called as "cutting patterns generation". By introducing this work, the deformation due to the initial stress is removed and approximate cutting patterns are generated. In this approach, however, material properties is not considered, therefore the error between the design stresses and actual stresses during the fabrication of plan strips should be occurred. In this paper, actual equilibrium shape analysis procedure for HP shape models is presented. The deviations of stresses between the design stresses and actual stresses are estimated.