• KDI Journal of Economic Policy
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• v.36 no.3
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• pp.95-120
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• 2014

This paper attempts to demonstrate the critical role of expectation horizons in economic agents building their expectations for the future. It starts with the analysis of what constraints the economics-based assumption related to information efficiency could impose in the stochastic process, and then suggests a new concept, random revision of expectation, to refer to the case when the adjustment process of expected variables employs newly generated information only. According to the inflation dynamics formula drawn under this condition, the demand pressure measured by output gap is found to cause different impacts on inflation according to different expectation horizons. The empirical analysis of this model using the data on Korea reveals that a short expectation horizon causes coefficient estimates to become small and statistically less significant.

• Transactions of the Korean Society of Automotive Engineers
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• v.11 no.4
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• pp.125-134
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• 2003

In this study, Mooney-Rivlin 1st model and Mooney-Rivlin 3rd model are adopted as strain energy density functions of the rubber compounds of a radial tire. It is shown that the FE analysis using Mooney-Rivlin models for rubber compounds may provide good approximations by employing the appropriate strain range of experimental stress-strain data in a way to describe the stress-strain relationship accurately. Especially, Mooney-Rivlin 3rd model gives an accurate stress-strain relationship regardless of the fitting strain range used within the strain of 100%. The static nonlinear FE analysis of a tire inflation is performed by employing an axisymmetric model, which shows that the outside shapes of the tire before and after inflating the tire agree well with those of the real tire. Additionally, the deformations at crown center and turning point on sidewall, distribution of belt cord force, interlaminar shear strain are predicted in terms of variation of belt cord angle which is known as the most influential factor in inflation behavior of a tire.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.647-654
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• 2021

This study examines the non-performing loans of rural banks and macroeconomic factors in Indonesia, including inflation, exchange rates, and interest rates. Theoretically, the existence of erratic macroeconomic conditions can affect the level of non-performing credit risk in rural credit banks in Indonesia. The effect of macroeconomic conditions on non-performing loans has a different response for each economic sector. The main objective of this study is to determine the effect of macroeconomic factors (inflation, exchange rates, and interest rates) and bank-specific factors (credit) on the Non-Performing Loans (NPL) of Rural Banks in Indonesia for the period from January 2015 to December 2018. This study uses a Vector Error Correction Model (VECM) estimation to determine the effect of independent variables consisting of macroeconomic factors and bank-specific factors. Based on the estimation results of the Vector Error Correction Model, three variables that have a positive and significant effect on long-term non-performing loans are credit, inflation, and interest rates. Meanwhile, in the short term, there are only two variables that have a positive and significant effect on non-performing loans, namely, credit and interest rates. Inflation and exchange rate variables have a negative and insignificant effect on bad credit in the short term.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.55 no.5
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• pp.524-532
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• 2022

We investigated the effects of taurine-enriched rotifers on larval growth and swim bladder inflation of yellowtail Seriola quinqueradiata. Rotifers were enriched with a commercial taurine supplement at two levels (0 and 800 mg/L). The larvae (initial notochord length=3.98±0.24 mm) were fed the enriched rotifers in triplicate from two days post-hatch for five days. The average taurine contents of the taurine non-enriched and enriched rotifers were 0.35±0.01 and 4.77±0.05 mg/g dry matter, respectively. The weight gain and specific growth rate of the fish fed enriched rotifers with the taurine supplement at 800 mg/L significantly improved compared with those of fish fed rotifers without taurine enrichment (P<0.05). The swim bladder inflation rate of larvae fed taurine enriched rotifers significantly (P<0.05). The results of the present study indicate that yellowtail larvae benefit from taurine concentrations compared with those typically reported to feed on non-taurine supplemented rotifers. Furthermore, taurine-enriched food for fish larval effectively improved the growth performance and swim bladder inflation of yellowtail larvae.

• Journal of Korean Neurosurgical Society
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• v.55 no.6
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• pp.337-342
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• 2014

Objective : To determine deformity correction by postural correction and subsequent balloon inflation in acute vertebral compression fractures (OVCFs) and to examine the effect of bone mineral density on deformity correction. Methods : A totol of 50 acute OVCFs received balloon kyphoplasty. Lateral radiographs were taken and analyzed at five different time points : 1) preoperative, 2) after placing the patient in prone hyperextended position, 3) after balloon inflation, 4) after deposition of the cement, and 5) postoperative. All fractures were analyzed for height restoration of anterior (Ha), middle (Hm) and posterior (Hp) vertebra as well as Cobb angle and Kyphotic angle. The bone mineral density (BMD) of lumbar spine was measured by dual-energy X-ray absorptiometry. According to the T-score, the patients were divided into two groups which were osteoporosis group and osteopenia group. Results : Postoperative measurements of Ha, Hm and the Cobb angle demonstrated significant reduction of 4.62 mm, 3.66 mm and $5.34^{\circ}$ compared with the preoperative measurements, respectively (each p<0.05). Postural correction significantly increased Ha by 5.51 mm, Hm by 4.35 mm and improved the Cobb angle by $8.32^{\circ}$ (each p<0.05). Balloon inflation did not demonstrate a significant improvement of Ha, Hm or the Cobb angle compared with baseline prone hyperextended. Postural correction led to greater improvements of Ha, Hm and Cobb angle in osteoporosis group than osteopenia group (each p<0.05). Conclusion : In acute OVCFs, the height restoration was mainly attributed to postural correction rather than deformity correction by balloon inflation. BMD affected deformity correction in the process of postural correction.

• Journal of Biosystems Engineering
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• v.12 no.4
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• pp.9-15
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• 1987

The vibrational characteristics of a radial-ply (155SR13 4PR) and a biased-ply tire (6.15-134PR) were investigated for examining the effects of tires with different structure on the ride characteristics of the vehicle. The natural frequencies at the tread band, mode shapes, and damping factors of two tires at the state of plane vibration were determined experimentally. The test work was performed at four levels of the inflation pressure, ranging from 171.7 kPa to 245.2 kPa, and three levels of the vertical load, deviating by 10% from the standard load designated by the Department of Transportation of the United States of America. The following results were drawn by the analysis of the test results: 1. The first-order natural frequencies of the radial-ply and the biased-ply tires at the tread band were 112 Hz and 159 Hz, respectively, at the state o f the free vibration when the inflation pressure of 196.2 kPa was applied. It was known that the biased-ply tire has higher resonant frequency than the radial-ply tire and the natural frequencies of the both tires move to the high frequency range as t he inflation pressure is increased. 2. The vibration modes of both tires were quite different. No big difference in mode shapes was examined as the inflation pressure was increased. But the natural frequencies of two tires were changed. For the radial-ply tire, no difference in mode shape was found whether the vertical load was applied or not. But a significant difference in mode shape was examined for the biased-ply tire. 3. Any difference was not found in damping factor as the different inflation pressures were applied. 4. When no vertical load was applied, damping factors of the radial-ply and biased-ply tire at the state of the natural vibration ranged from 2.6 to 5.9%, and from 4.1 to 7.8%, respectively. It was estimated that the radial-ply tire would have better cushioning than the biased-ply tire since the vertical spring rate of the radial-ply tire was much less than that of the biased-ply tire, even though the damping effect of the radial-ply tire was smaller than that of the biased-ply tire.

• Journal of the Korean Data and Information Science Society
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• v.26 no.6
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• pp.1377-1386
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• 2015

GDP gap is closely related with economic activity of a country as a whole, especially with the economic fluctuations which is called business cycle. GDP gap is regarded as an important variable for the monetary policy of the central bank because it provides information on the excess demand pressures and employment matters. However, GDP gap may not provide enough information of the effect of recent economic structural change or the environmental change of domestic and external economic condition. In this paper, the GDP is decomposed by statistical filtering techniques and various models are fitted to estimate the influence of GDP gap on Inflation and see if it has been changed. Analysis results show that the influence of GDP gap on inflation decreased in the 2000s while that of global GDP gap increased. These results also support that recent low inflation rate is due to the change of overseas economic condition, such as a slowdown in exports resulting from the global recession, as well as domestic factors.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.12
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• pp.14-24
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• 2018

Several typical hyper-elastic constitutive models that encompass both conventional and advanced ones were investigated for the application of instability problems, including the biaxial tension of a rubber patch and inflation of spherical or cylindrical balloons. The material models included the neo-Hookean model, Mooney-Rivlin model, Gent model, Arruda-Boyce model, Fung model, and Pucci-Saccomandi model. Analyses can be done using membrane equations with particular strain energy density functions. Among the typical strain energy density functions, Kearsley's bifurcation for the Treloar's patch occurs only with the Mooney-Rivlin model. The inflation equation is so generalized that a spherical balloon and tube balloons can be taken into account. From the analyses, the critical material parameters and limit points were identified for material models in terms of the non-dimensional pressure and inflation volume ratio. The bifurcation was then identified and found for each material model of a balloon. When the finite element method was used for the structural instability problems of rubber-like materials, some careful treatments required could be suggested. Overall, care must be taken not only with the analysis technique, but also in selecting constitutive models, particularly the instabilities.

• Journal of Industrial Convergence
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• v.19 no.5
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• pp.35-45
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• 2021

The purpose of this study is to analyze the means of accounting fraud in Chinese listed agricultural companies and to suggest methods for the prevention of accounting fraud and follow-up measures. In this study, 21 Chinese agricultural enterprises were investigated and counted by means of accounting fraud. The means of accounting fraud of listed companies related to agriculture mainly consisted of profit inflation, inflating their net assets, the disclosure of accounting information violations, asset inflation for net asset inflation, and the incomplete disclosure for accounting information violations. Among these, income forgery was the most frequent among the 21 companies surveyed as a means of accounting fraud in profit inflation. Through this study, in the field of auditing academically, it is possible to find the motives of fraudulent acts in Chinese agricultural enterprises and to obtain advice to reduce fraudulent acts, and it will be of great help in theoretical research related to accounting frauds.

• Transactions of the Korean Society of Automotive Engineers
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• v.18 no.1
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• pp.8-13
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• 2010

Many vehicles have significantly under-inflated tires, primarily because drivers infrequently check their vehicles' tire pressure. When a tire is used while significantly under-inflated, its sidewalls flex more and the tire temperature increases, increasing stress and the risk of failure. In this study we evaluated tire safety and economical efficiency at various inflation pressure. For tire safety we performed FMVSS indoor durability test, measurement of rolling tire temperature, braking performance at dry/wet road condition, and rolling resistance test for economical efficiency. Results show that low pressure decreases tire durability of both speed-increase condition and load-increase condition. Heat temperature of rolling tire increases as pressure decreases and significantly under-inflated tires cause increase of vehicle's stopping distance at wet road condition. Also Under-inflation increases the rolling resistance of a tire and, correspondingly, decreases vehicle's fuel economy.