• Title/Summary/Keyword: global minimum

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The Foreign Asset Leverage Effect of Oil & Gas Companies after the Financial Crisis (금융위기 이후 정유산업의 외화자산 레버리지효과 분석)

  • Dong-Gyun Kim
    • Korea Trade Review
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    • v.46 no.2
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    • pp.19-38
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    • 2021
  • This study aims to analyze the foreign asset leverage effect on Korean oil & gas companies' foreign profits and to maintain the appropriate foreign asset volume for reducing exchange risk. For a long time, large Korean companies, including oil companies, overheld foreign currency liabilities. For this reason, most large companies have been burdened to hedge exchange risk and this excess limit holding deteriorated total profit and reduced foreign currency asset management efficiency. Our paper proceeds in presenting a three-stage analysis considering diversified exchange risk factors through estimation on transformation of foreign transactions a/c including annual trends of foreign asset and industry specifics. We also supplement incomplete the estimation method through a practical hedging case investigation. Our research parts are differentiated on the analyzing four periods considering period-specifics The FER value of the oil firms ranged from -0.3 to +2.3 over the entire period. The results of the FER Value are volatile and irregular; those results do not represent the industry standard comparative index. The Korean oil firms are over the credit limit without accurate prediction and finance high interest rate funds from foreign-owned banks on the basis on a biased relationship. Since the IMF crisis, liabilities of global firms have decreased. Above all, oil firms need to finance a minimum limit without opportunity losses on the demand forecast and prepare for uncertainty in the market. To reduce exchange risk from the over-the-limit position, we must consider factors that affect the corporate exchange risk on the entire business process, including the contract phase.

Point Cloud-based Automated Building Tilt Measurement (포인트 클라우드 기반 건축물 기울기 측정 자동화)

  • Dayoung Yu;Chaeeun Lee;Sung-Han Sim
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.27 no.5
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    • pp.84-88
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    • 2023
  • This study proposes an automated tilt measurement method using point cloud for buildings. The proposed method consists of two main steps: 1) exterior wall plane extraction, and 2) edge estimation and angle calculation. To validate the performance of the proposed method, the algorithm is applied to a target building, of which the estimated tilt values are compared with those obtained from a total station, a commonly used tool for tilt measurement. The result shows that most estimated tilt values are within the maximum and minimum ranges of the total station measurement, suggesting that the proposed algorithm provides sufficient measurement accuracy. Furthermore, the proposed method is shown to be automated and reliable as well as free from human-induced errors compared to the total station.

Influence of lateralized versus medialized reverse shoulder arthroplasty design on external and internal rotation: a systematic review and meta-analysis

  • Kevin A. Hao;Robert J. Cueto;Christel Gharby;David Freeman;Joseph J. King;Thomas W. Wright;Diana Almader-Douglas;Bradley S. Schoch;Jean-David Werthel
    • Clinics in Shoulder and Elbow
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    • v.27 no.1
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    • pp.59-71
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    • 2024
  • Background: Restoration of external (ER) and internal rotation (IR) after Grammont-style reverse shoulder arthroplasty (RSA) is often unreliable. The purpose of this systematic review was to evaluate the influence of RSA medio-lateral offset and subscapularis repair on axial rotation after RSA. Methods: We conducted a systematic review of studies evaluating axial rotation (ER, IR, or both) after RSA with a defined implant design. Medio-lateral implant classification was adopted from Werthel et al. Meta-analysis was conducted using a random-effects model. Results: Thirty-two studies reporting 2,233 RSAs were included (mean patient age, 72.5 years; follow-up, 43 months; 64% female). The subscapularis was repaired in 91% (n=2,032) of shoulders and did not differ based on global implant lateralization (91% for both, P=0.602). On meta-analysis, globally lateralized implants achieved greater postoperative ER (40° [36°-44°] vs. 27° [22°-32°], P<0.001) and postoperative improvement in ER (20° [15°-26°] vs. 10° [5°-15°], P<0.001). Lateralized implants with subscapularis repair or medialized implants without subscapularis repair had significantly greater postoperative ER and postoperative improvement in ER compared to globally medialized implants with subscapularis repair (P<0.001 for both). Mean postoperative IR was reported in 56% (n=18) of studies and achieved the minimum necessary IR in 51% of lateralized (n=325, 5 cohorts) versus 36% (n=177, 5 cohorts) of medialized implants. Conclusions: Lateralized RSA produces superior axial rotation compared to medialized RSA. Lateralized RSA with subscapularis repair and medialized RSA without subscapularis repair provide greater axial rotation compared to medialized RSA with subscapularis repair. Level of evidence: 2A.

DNA barcoding of fish diversity from Batanghari River, Jambi, Indonesia

  • Huria Marnis;Khairul Syahputra;Jadmiko Darmawan;Dwi Febrianti;Evi Tahapari;Sekar Larashati;Bambang Iswanto;Erma Primanita Hayuningtyas Primanita;Mochamad Syaifudin;Arsad Tirta Subangkit
    • Fisheries and Aquatic Sciences
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    • v.27 no.2
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    • pp.87-99
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    • 2024
  • Global climate change, followed by an increase in anthropogenic activities in aquatic ecosystems, and species invasions, has resulted in a decline in aquatic organism biodiversity. The Batanghari River, Sumatra's longest river, is polluted by mercury-containing illegal gold mining waste (PETI), industrial pollution, and domestic waste. Several studies have provided evidence suggesting a decline in fish biodiversity within the Batanghari River. However, a comprehensive evaluation of the present status of biodiversity in this river is currently lacking. The species under investigation were identified through various molecular-based identification methods, as well as morphological identification, which involved the use of neighbor-joining (NJ) trees. All collected specimens were initially identified using morphological techniques and subsequently confirmed with molecular barcoding analysis. Morphological and DNA barcoding identification categorized all specimens (1,692) into 36 species, 30 genera and 16 families, representing five orders. A total of 36 DNA barcodes were generated from 30 genera using a 650-bp-long fragment of the mitochondrial cytochrome oxidase subunit I (COI) gene. Based on the Kimura two-parameter model (K2P), The minimum and maximum genetic divergences based on K2P distance were 0.003 and 0.331, respectively, and the average genetic divergence within genera, families, and orders was 0.05, 0.12, 0.16 respectively. In addition, the average interspecific distance was approximately 2.17 times higher than the mean intraspecific distance. Our results showed that the COI barcode enabled accurate fish species identification in the Batanghari River. Furthermore, the present work will establish a comprehensive DNA barcode library for freshwater fishes along Batanghari River and be significantly useful in future efforts to monitor, conserve, and manage fisheries in Indonesia.

Aboveground Net Primary Productivity and Spatial Distribution of Chaco Semi-Arid Forest in Copo National Park, Santiago del Estero, Argentina

  • Jose Luis Tiedemann
    • Journal of Forest and Environmental Science
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    • v.40 no.2
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    • pp.99-110
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    • 2024
  • According to the REDD+ program, it is necessary to monitor, quantify, and report forest conditions in protected land areas. The objectives of this work were to quantify the average monthly aerial net primary productivity (ANPPMONTH) of semi-arid Chaco Forest at Copo National Park (CNP), Santiago del Estero, Argentina, during the period 2000-2023, as well as its spatial distribution and relationship, and its use efficiency (RUE) of average monthly rainfall (AMR). The ANPPMONTH model accounted for 90% of the seasonal variability from October to May, the average seasonal ANPPMONTH was 145 tons of dry matter per hectare (t dm/ha), being the maximum in January with 192 t dm/ha and the minimum in May with 91 t dm/ha. The surface area covered by ANPPMONTH exhibited a consistent positive trend from October to May (t test=15.65, p<0.01). Strong and significant direct relationships were found between ANPPMONTH and AMRs, linear models explaining 90% and 96% of the variability, respectively. The results obtained become reference values for assessing the capacity of the forest systems to stock carbon for global warming mitigation and for monitoring and controlling their response to extreme climatic adversities. The average ANPPMONTH reduces uncertainty when defining the thresholds to monitor and quantify ANPP and forest area, thus facilitating the detection of negative changes in land use in CNP. Such results evidence the National Parks Administration's high effectiveness for the maintenance of protected area and for the high ANPP of the FCHS of CNP in the period 2000-2023.

A state of review on manufacturing and effectiveness of ultra-high-performance fiber reinforced concrete for long-term integrity of concrete structures

  • Dongmei Chen;Yueshun Chen;Lu Ma;Md. Habibur Rahman Sobuz;Md. Kawsarul Islam Kabbo;Md. Munir Hayet Khan
    • Advances in concrete construction
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    • v.17 no.5
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    • pp.293-310
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    • 2024
  • Ultra-high-performance fiber-reinforced concrete (UHPFRC) is a form of cement-based material that has a compressive strength above 150 MPa, excellent ductility, and superior durability. This composite material demonstrates innovation and has the potential to serve as a viable substitute for concrete constructions that are subjected to harsh environmental conditions. Over many decades, extensive research and progressive efforts have introduced several commercial UHPFRC compositions globally. These compositions have been specifically designed to cater to an increasing variety of applications and meet the rising need for building materials of superior quality. However, the effective manufacturing of UHPFRC relies on the composition of its materials, especially the inclusion of fiber content and the proportions in the mixture, resulting in a more compact and comparatively uniform packing of particles. UHPFRC has notable benefits in comparison to conventional concrete, yet its use is constrained by the dearth of design codes and the prohibitive expenses associated with its implementation. The study demonstrates that UHPFRC presents a viable, long-lasting option for improving sustainable construction. This is attributed to its outstanding strength properties and superior durability in resisting water and chloride ion permeability, freeze-thaw cycles, and carbonation. The analysis found that a rheology-based mixture design technique may be employed in the production of UHPFRC to provide enough flowability. The study also revealed that the use of deformed steel fibers has shown enhanced mechanical qualities in comparison to straight steel fibers. However, obstacles such as higher initial costs, the requirement for highly specialized personnel, and the absence of comprehensive literature on global UHPFRC standards that establish minimum strength criteria and testing requirements can hinder the widespread implication of UHPFRC. Finally, this review attempts to deepen our foundational conception of UHPFRC, encourages additional study and applications, and recommends an in-depth investigation of the mechanical and durability properties of UHPFRC to maximize its practicality.

Integrative Assessment of High-Speed Railway System Vulnerability to Future Climate-Induced Flooding in China

  • Hengliang Wu;Bingsheng Liu;Jingke Hong;Yifei Wang
    • International conference on construction engineering and project management
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    • 2024.07a
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    • pp.127-136
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    • 2024
  • Flooding presents a significant threat to infrastructure, and climate change is exacerbating these risks. High-speed rail (HSR) infrastructure, designed based on historical data, may struggle to cope with future extreme flood events. Infrastructure stakeholders require forecasting capabilities to predict the intensity and frequency of future floods so they can develop adaptive strategies to mitigate flood risks and impacts. Floods can cause significant damage to HSR infrastructure networks, disrupting their operations. Traditional network theory-based frameworks are insufficient for analyzing the three-dimensional effects of floods on HSR networks. To address this issue, this study proposes a comprehensive approach to assess flood risk and vulnerability under future climate scenarios for HSR networks. The method consists of three components. (i) Generate flood inundation data by utilizing global climate models, Shared Socioeconomic Pathways(SSPs), and the CaMa-Flood model. (ii) Fit extreme flood depths to the Gumbel distribution to generate flood inundation scenarios. (iii) Overlay flood scenarios on the HSR network and quantitatively assess network vulnerability based on topology network. When applied to the HSR system in mainland China, the results indicate that flood severity does not necessarily increase under higher SSPs, but may worsen over time. The minimum flood return period that causes HSR disruptions is decreasing, with Hubei Province showing a significant increase in HSR segment failure probability. Discontinuous phase transitions in HSR network topology metrics suggest potential nationwide collapses under future infrequent floods. These findings can inform preventive measures for the HSR sector and flood-resistant standards for HSR infrastructure. The method used in this study can be extended to analyze the vulnerability of other transportation systems to natural disasters, serving as a quantitative tool for improving resilience in a changing climate.

Analysis on the Snow Cover Variations at Mt. Kilimanjaro Using Landsat Satellite Images (Landsat 위성영상을 이용한 킬리만자로 만년설 변화 분석)

  • Park, Sung-Hwan;Lee, Moung-Jin;Jung, Hyung-Sup
    • Korean Journal of Remote Sensing
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    • v.28 no.4
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    • pp.409-420
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    • 2012
  • Since the Industrial Revolution, CO2 levels have been increasing with climate change. In this study, Analyze time-series changes in snow cover quantitatively and predict the vanishing point of snow cover statistically using remote sensing. The study area is Mt. Kilimanjaro, Tanzania. 23 image data of Landsat-5 TM and Landsat-7 ETM+, spanning the 27 years from June 1984 to July 2011, were acquired. For this study, first, atmospheric correction was performed on each image using the COST atmospheric correction model. Second, the snow cover area was extracted using the NDSI (Normalized Difference Snow Index) algorithm. Third, the minimum height of snow cover was determined using SRTM DEM. Finally, the vanishing point of snow cover was predicted using the trend line of a linear function. Analysis was divided using a total of 23 images and 17 images during the dry season. Results show that snow cover area decreased by approximately $6.47km^2$ from $9.01km^2$ to $2.54km^2$, equivalent to a 73% reduction. The minimum height of snow cover increased by approximately 290 m, from 4,603 m to 4,893 m. Using the trend line result shows that the snow cover area decreased by approximately $0.342km^2$ in the dry season and $0.421km^2$ overall each year. In contrast, the annual increase in the minimum height of snow cover was approximately 9.848 m in the dry season and 11.251 m overall. Based on this analysis of vanishing point, there will be no snow cover 2020 at 95% confidence interval. This study can be used to monitor global climate change by providing the change in snow cover area and reference data when studying this area or similar areas in future research.

Optimal Design of Satellite Constellation Korean Peninsula Regions (한반도 지역의 효율적인 관측을 위한 최적의 위성군 설계)

  • Kim, Nam-Kyun;Park, Sang-Young;Kim, Young-Rok;Choi, Kyu-Hong
    • Journal of Astronomy and Space Sciences
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    • v.25 no.2
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    • pp.181-198
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    • 2008
  • Designing satellite constellations providing partial coverage of certain regions becomes more important as small low-altitude satellites receives an increasing attention due to its cost-effectiveness analysis. Generally, Walker's method is a standard constellation method for global coverage but not effective for partial coverage. The purpose of this study is to design optimal constellation of satellites for effective observation in Korean peninsula regions. In this study, a new constellation design method is presented for partial coverage, using direct control of satellites' orbital elements. And also, a ground repeating circular orbit is considered for each satellite's orbit with the Earth oblateness effect. As the results, at least four satellites are required to observe the Korean peninsula regions effectively when minimum elevation angle is assumed as 12 degrees. The results from new method are better than those from the best Walker method. The proposed algorithm will be useful to design satellite constellation missions of Korea in future.

Stakeholders' Opinion on the Desired Characteristics of Nursing School Graduates and Factors Concerning Nursing Curriculum Development in Thailand

  • Kittiboonthawal, Prapai;Siriwanij, Wareewan;Ubolwan, Kanyarat;Maneechot, Munthana
    • Asian Journal for Public Opinion Research
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    • v.5 no.4
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    • pp.319-345
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    • 2018
  • Effective higher educational management in undergraduate nursing programs is an important issue from the viewpoint of stakeholders. This qualitative research aimed to examine the characteristics of nursing students and curriculum development of undergraduate nursing education from the opinions of Boromarajonani College of Nursing Saraburi, Thailand stakeholders. The population included 4 groups: 1) the alumni who have graduated within the past 5 years and currently work in primary, secondary, and tertiary care units, 2) the supervisors and colleagues of the alumni, 3) nursing lecturers, and 4) the current nursing students. The respondents who are the alumni, nursing lecturers, and current nursing student were selected using a purposive sampling, for the supervisors and colleagues were selected using snowball techniques. Semi-structured interview questions were used for data collection. Group discussions were conducted until saturation on 55 key informants. The qualitative data was analyzed using content analysis. Results showed the viewpoints of stakeholders on the characteristics of future nurse graduates were comprised of four elements: knowledge that meets standards; essential skills for self-development and lifelong learning process; good morals and professional ethics in providing nursing care; and nurse competencies in teamwork, communication, language, research, management, IT, life skills, and global literacy. The viewpoints on the development of the nursing curriculum focus on four elements: the learner, teaching and learning, course content, and instructor tasks. For learners, the admission criteria should include a minimum not only of knowledge, but also positive attitude, science, and art skills, since the nursing profession is both a science and the art of caring. Teaching and learning elements should be authentic, including exposure to real situations, an integrated network, and activities that improve nursing care. Course content was comprised of an updated curriculum, humanized nursing care, student center, theory and practice with moral integration, case-based study, critical thinking, multidisciplinary work, and love for the nursing profession. Instructor tasks are to elicit student ideas, provide opportunities to learn, support infrastructure, support technology use, and extra-curricular activities to develop the competencies of nursing students. Recommendations were that the curriculum administration should review the selection process of student candidates and instructional management to achieve expected outcomes of nursing characteristics in the future. The nurse lecturer should provide authentic and integrated instruction, decrease lecturing, cultivate a lifelong learning process, and sustain the nursing characteristics.