• Title/Summary/Keyword: equilibrium test

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An analysis of the causality between international oil price and skipjack tuna price (국제 유가 변동과 원양선망어업 가다랑어 가격 간의 인과성 분석)

  • JO, Heon-Ju;KIM, Do-Hoon;KIM, Doo-Nam;LEE, Sung-Il;LEE, Mi-Kyung
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.55 no.3
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    • pp.264-272
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    • 2019
  • The aim of this study is to analyze the relationship between international oil price as a fuel cost in overseas fisheries and skipjack tuna price as a part of main products in overseas fisheries using monthly time series data from 2008 to 2017. The study also tried to analyze the change of fishing profits by fuel cost. For a time series analysis, this study conducted both the unit-root test for stability of data and the Johansen cointegration test for long-term equilibrium relations among variables. In addition, it used not only the Granger causality test to examine interactions among variables, but also the Vector Auto Regressive (VAR) model to estimate statistical impacts among variables used in the model. Results of this study are as follows. First, each data on variables was not found to be stationary from the ADF unit-root test and long-term equilibrium relations among variables were not found from a Johansen cointegration test. Second, the Granger causality test showed that the international oil prices would directly cause changes in skipjack tuna prices. Third, the VAR model indicated that the posterior t-2 period change of international oil price would have an statistically significant effect on changes of skipjack tuna prices. Finally, fishing profits from skipjack would be decreased by 0.06% if the fuel cost increases by 1%.

Assessing Bank Competition in Nepal Using Panzar-Rosse Model

  • BUDHATHOKI, Prem Bahadur;RAI, Chandra Kumar;RAI, Arjun
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.759-768
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    • 2020
  • The purpose of this study is to assess the state of competition in Nepalese banking over the period from 2010 to 2019. This study employs panel data and a non-structural Panzar-Rosse model to measure the degree of competition in the Nepalese banking industry. The first reduced-form equation is applied to gauge competition, and the second model is used to test the long-run equilibrium in the banking market. The finding reveals that the Nepalese banking market is equilibrium in the long-run. It implies that the factor prices do not affect ROA in the long-run. The result of the H-statistic shows that the Nepalese banking system is operating under the state of perfect competition and is shifted from monopolistic competition to perfect competition. The reduced-form model reveals that the interest income is positive and significantly affected by factor prices. Similarly, the macroeconomic variable GDP growth is positively related to interest income. On the contrary, the bank's specific factors risk and the number of bank branches are inversely associated with the regressand. The outcomes of the study may be advantageous to the policymakers, especially to Nepal Rastra Bank to implement monetary policy and M&A policy for the stability and growth of the financial system of Nepal.

A Basic Study on the Establishment of the Consumer Education (소비자교육의 정립을 위한 기초연구)

  • 김순미
    • Journal of the Korean Home Economics Association
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    • v.20 no.4
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    • pp.133-142
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    • 1982
  • The Consumer Education is one of the rapidly raised problems in the process of recent Economic Growth. As the Society and its economy changes into Oligopoly, the nature and the scope of the Consumer Education also changes. However, We don't have an institutional, systematic education of consumers. Even the basic concepts of Consumer Education has not yet been established, because it is in an infant state. Thus, the aim of this paper is to establish the fundermental concepts of Consumer Education and to help settlement of the direction of Consumer Education. The conclusions are as following: First, Consumers as the objects of Consumer Education are limited to the Ultimate-Consumer; and they can divided into three groups-Individual Consumer, Consumer-Group, the Consuming Masses. Now were have to deal with not only the concept of Ultimate Consumer which limited to the Consumer, but deal with the realistic problems involving Citizens and Livers. Second, Consumer Education is systematic educational activity in order that Consumers can assume an subjective behavior for the purpose of improvement and support of their own rights in society. Third, Consumer Education which enforced Consumers' Cooperative Society and Goods Test is the movements of systematic resistance of consumers. The former aims at Economic Equilibrium, while the latter Informative Equilibrium. so, the two movements should channel the direction of Consumer Education in order to realize the Equilibrium.

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Crabbing Motion Testing of Waterjet-Powered Ships Using Stern Thrusters

  • Joopil Lee;Seung-Ho Ham
    • Journal of Ocean Engineering and Technology
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    • v.38 no.1
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    • pp.10-17
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    • 2024
  • This study assessed the potential for crabbing motion in waterjet ships by exclusively employing stern thrusters. The theoretical considerations were validated through practical sea trials on the naval vessel PKG (Patrol Killer Guided missile) equipped with three stern thrusters. The control forces were calculated using the force equilibrium equation. The results showed that the hull exhibited rotations and lateral movements under wind influence. The port tail exhibited a leftward turning tendency due to the wind. This phenomenon arises from the dominance of the rotational force generated by the stern thruster over the lateral force exerted by the hull, making it challenging to maintain force equilibrium. In the sea trial, the hull rotated by 10° and moved 10.8 m laterally, with a longitudinal movement of 0.26 m. Remarkably, the lateral movement surpassed the longitudinal displacement, indicating the success of the trial. The substantial lateral travel distance provided tangible evidence that the crabbing motion of the ship is achievable using only stern thrusters. This study contributes valuable insights into enhancing the maneuverability of waterjet ships, offering practical applications for naval operations and maritime activities.

Isobaric Vapor-Liquid Equilibrium of Toluene and Cresol Systems (톨루엔-크레졸의 정압 기-액 평형)

  • Kang, Dong-Yuk;Jang, Hoi-Gu;Han, Chang-Nam;Rho, Seon-Gyun;Cho, Dong Lyun;Kang, Choon-Hyoung
    • Korean Chemical Engineering Research
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    • v.47 no.6
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    • pp.755-761
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    • 2009
  • To a first approximation, phase behavior of a system becomes increasingly skew in proportion to the boiling point difference of system-forming constituents. Therefore, phase behavior data of a system of a large boiling point difference are to be experimentally measured for thorough understanding of the thermodynamic characteristics of such system. In this work, isobaric vapor-liquid equilibrium of a mixture consisting of toluene and cresol, which shows a large boiling point difference of nearly $100^{\circ}C$ and is consequently expected to be considerably nonideal, was measured by using a recirculating equilibrium cell at various subatmospheric pressures ranging from 10 kPa to 60 kPa. The measured VLE data were correlated with NRTL and UNIQUAC models in a satisfactory manner and the accompanying thermodynamic consistency test represented soundness of the measurements. In addition, the excess molar volume of the mixture was also measured with a vibrating densitometer and correlated with a Redlich-Kister polynomial. A negative excess volume prevailed over the whole concentration range, which indicates a favorable attraction between toluene and cresol isomers and results in an extensive miscibility.

Isobaric Vapor-Liquid Equilibrium of 1-propanol and Bromochloromethane System at Subatmospheric Pressures (감압하에서 1-propanol과 Bromochloromethane의 정압 기-액 평형)

  • Jang, Hoi-Gu;Kang, Choon-Hyoung
    • Applied Chemistry for Engineering
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    • v.21 no.3
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    • pp.295-300
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    • 2010
  • A binary system of 1-propanol and bromochloromethane which exhibits an azeotropic point and a considerable nonideal phase behavior probably due to the large boiling point difference is not amenable in the actual chemical processes such as the distillation tower and absorber. Therefore, experimental data of phase behavior data of this mixture are indispensable in understanding the inherent thermodynamic characteristics for an efficient application of the system in the industrial processes. In this work, the isobaric vapor-liquid equilibrium of a binary mixture consisting of 1-propanol and bromochloromethane was measured by using a recirculating equilibrium cell at various pressures ranging from 30 to 70 kPa. The measured VLE data were correlated in a satisfactory manner by using the UNIQUAC and NRTL models along with the thermodynamic consistency test based on Gibbs/Duhem equation. In addition, the excess molar volume of the mixture was also measured by using a vibrating densitometer and correlated with a Redlich-Kister polynomial.

The influence of dynamic force balance on the estimation of dynamic uniaxial compression strength (암석시료 내 동적하중 분배특성이 동적일축압축강도에 미치는 영향성에 관한 연구)

  • Oh, Se-Wook;Min, Gyeong-Jo;Park, Se-Woong;Park, Hoon;Suk, Chul-Gi;Cho, Sang-Ho
    • Explosives and Blasting
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    • v.37 no.1
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    • pp.14-23
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    • 2019
  • It has been an always issue for the blasting or the impact analysis to consider the strength characteristics of the rock materials associate with loading rate dependency. Due to the nature of transient loading, the dynamic rock test requires a careful technique to achieve the stress equilibrium state of the specimen. In this study, to investigate the relationship between the rock dynamic strength and the stress equilibrium state, a series of dynamic uniaxial compression tests for Pocheon granite were performed. As a result, the unbalanced stress state on the specimen can lead to the premature failure on the specimen and the less estimation of dynamic strength characteristic as well as the overestimation of strain rate. Consequently, a careful consideration of rock fracture process to achieve the dynamic force balance on the specimen should be required to make an reasonable evaluation of rock dynamic strength.

A Study on the Adsorption Characteristics of Phenol in the presence of Humic Acid Using Activated Carbon Fiber (섬유상활성탄소를 이용한 Humic Acid 공존시 페놀의 흡착특성에 관한 연구)

  • Tak, Seong-Jae;Seo, Seong-Wen;Kim, Seong-Sun;Kim, Jin-Man
    • Journal of Korean Society of Water and Wastewater
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    • v.14 no.1
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    • pp.54-61
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    • 2000
  • Recently, our circumstances are threatened by an accident that leakage of under ground storage tank and illegal dumping of synthetic organic compounds at chemical plants and many treatment methods, Activated carbon adsorption, Ozonization, Membrane filtration and Photocatalystic oxidation, are developed to remove such a synthetic organic compounds. And it has reported that Activated carbon adsorption have a great removal efficiency to nondegradable matters and organic compounds which have a high molecular weight. Comparing with other adsorbents, Activated carbon adsorption have a worse efficiency when ad desorption speed is low. Thus improved type of adsorbents was invented and one of those is Activated Carbon Filter. The purpose of this study was getting information about adsorption characteristic phenol which can be applied Activated Carbon Fiber and Granular Activated Carbon. In detail, With comparing removal characteristics of phenol in the presence Humic Acid using Activated Carbon Fiber(ACF) and Granular Activated. Carbon(GAC), it is to certify an effective application of Activated Carbon Fiber. At the range of this study, Batch test, Isotherm adsorption test and Factorial analysis, following conclusion were obtained from the results of this study. Batch test was carried to know time of adsorption equilibrium. In this study about time of adsorption equilibrium by ACF was faster than GAC's, for developed micropore of ACF. From the result of phenol adsorption test, High removal rate of adsorption is shown at pH 5. The result of lsotherm adsorption test, it has represented that the Freundlich's isotherm is most suitable one in others, that a ACF's adsorption capacity is more excellent than GAC's. Adsorption of phenol exiting humic acid is decreased getting raised humic acid concentration. Since ACF's micropore is developed at this time, an effect of high molecular humic acid is lower. Factorial analysis was carried to know about Main effect which was injection dosage of adsorbent in the range of this study.

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Immediate Effects of Abdominal Hollowing Exercise and Abdominal Bracing Exercise on Dynamic Balance (복부 할로잉 운동과 복부 브레이싱 운동이 동적 균형에 미치는 즉각적 효과)

  • Jeong-In Lee;Ji-Hye Choi;Ye-Won Lee;Ji-Eun Kim;Ga-Young Lim;Jong-Yun Park;Byeong-Wook Youn;Hyeong-Kyun Yu;Min-Jae Jin;In-hyouk Hyong
    • Advanced Industrial SCIence
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    • v.2 no.2
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    • pp.16-24
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    • 2023
  • Purpose: This study was conducted to find out the immediate effect on dynamic balance through Abdominal hollowing exercise and Abdominal bracing exercise. Method: 90 healthy male and female students in their 20s were surveyed and measured using Y-balance test and Functional reach test. Result: In the dynamic balance Test between groups, there was a statistically significant difference between the group that performed Abdominal hollowing exercise and the control group. Conclusion: Although both representative spinal stabilization exercises Abdominal hollowing exercise and Abdominal bracing exercise are meaningful in increasing dynamic equilibrium, it is difficult to suggest that any method is more effective in terms of immediate effects.

Evaluation of Pile Bearing Capacity using Calibration Chamber Test (모형토조실험을 통한 말뚝지지력의 평가)

  • 이인모;이명환
    • Proceedings of the Korean Geotechical Society Conference
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    • 1992.03a
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    • pp.13-40
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    • 1992
  • Static formulae based on limiting equilibrium theories often provide misleading predictions of pile bearing capacity in cohesionless soils due to the incorrect basic assumptions or oversimplification of actual soil conditions. Soil conditions prior to pile driving are significantly changed after pile installation and imposition of high stress levels. Therefore soi1 parameters at failure rather than those obtained at initial conditions should be used in application of static formulae. In this research. model pile test data were analyzed and compared with the predicted values obtained from the various static formulae. The results showed that the proper choice of soil parameters remarkably improve the reliability of static formulae.

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