• Title/Summary/Keyword: rate dependent

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An analysis of Financial Factors' Characteristic for Global Shipping Companies using Panel Regression Analysis (패널회귀분석을 이용한 글로벌 선사의 재무요인 특성분석에 관한 연구)

  • Oh, Jae-Gyun;Yeo, Gi-Tae
    • Journal of Digital Convergence
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    • v.17 no.4
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    • pp.65-73
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    • 2019
  • This study performed Panel Regression Analysis (PRA) with the debt ratio as a dependent variable and the ROE (return on equity), sales volume, current ratio, total capital, and Shanghai Containerized Freight Index (SCFI) as an independent variable. According to the GLS analysis, the current ratio to liabilities ratio was negative, and for sales, the ratio of liabilities was positive. Capital totals also had a negative impact on the debt ratio. However, ROE, unlike the hypothesis, had negative effects on the liability ratio, and the SCFI index was not significant. As implications of this research, the company confirmed that its sales increased as the debt ratio of global shipping companies rose, achieving economies of scale. However, it was confirmed that the actual size of the economy through the injection of other capital would help increase sales but not affect net profit. Shipping companies should expand their business power and secure large container vessels to secure credibility of shippers. In the future research, an analysis considering exchange rate, global economic growth rate, and manufacturing production index is needed.

Effects of lipopolysaccharides on the maturation of pig oocytes

  • Yi, Young-Joo;Adikari, Adikari Arachchige Dilki Indrachapa;Moon, Seung-Tae;Lee, Sang-Myeong;Heo, Jung-Min
    • Korean Journal of Agricultural Science
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    • v.48 no.1
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    • pp.163-170
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    • 2021
  • Bacterial infections in the female reproductive tract negatively affect ovarian function, follicular development, and embryo development, leading to the eventual failure of fertilization. Moreover, bacterial lipopolysaccharides (LPS) can interfere with the immune system and reproductive system of the host animal. Therefore, this study examined the effect of LPS on the in vitro maturation (IVM) of pig oocytes. Oocytes were matured in TCM199 medium in the presence of varying concentrations of LPS (0 - 50 ㎍·mL-1). The maturation rate, cortical granules (CGs) migration, and chromosome alignment were subsequently evaluated during the meiotic development of the oocytes. We observed a dose-dependent and significant decrease in the metaphase II (MII) rate with increasing concentrations of LPS (97.6% control [0 ㎍·mL-1 LPS] vs. 10.4-74.9% LPS [1 - 50 ㎍·mL-1], p < 0.05). In addition, compared to the control oocytes without LPS, higher levels of abnormal CGs distribution (18.1 - 50.0% LPS vs. 0% control), chromosome/spindle alignment (20.3 - 56.7% LPS vs. 0% control), and intracellular ROS generation were observed in oocytes matured with LPS (p < 0.05). Nitrite levels were also increased in the maturation medium derived from the oocytes matured with LPS (p < 0.05). These results indicate that LPS induces oxidative stress during IVM and affects oocyte maturation, including CGs migration and chromosome alignment of pig oocytes.

Study of Cooling Characteristics of 18650 Li-ion Cell Module with Different Types of Phase Change Materials (PCMs) (PCM 종류에 따른 18650 리튬-이온 셀 모듈의 냉각 특성 연구)

  • YU, SIWON;KIM, HAN-SANG
    • Journal of Hydrogen and New Energy
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    • v.31 no.6
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    • pp.622-629
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    • 2020
  • The performance and cost of electric vehicles (EVs) are much influenced by the performance and service life of the Li-ion battery system. In particular, the cell performance and reliability of Li-ion battery packs are highly dependent on their operating temperature. Therefore, a novel battery thermal management is crucial for Li-ion batteries owing to heat dissipation effects on their performance. Among various types of battery thermal management systems (BTMS'), the phase change material (PCM) based BTMS is considered to be a promising cooling system in terms of guaranteeing the performance and reliability of Li-ion batteries. This work is mainly concerned with the basic research on PCM based BTMS. In this paper, a basic experimental study on PCM based battery cooling system was performed. The main purpose of the present study is to present a comparison of two PCM-based cooling systems (n-Eicosane and n-Docosane) of the unit 18650 battery module. To this end, the simplified PCM-based Li-ion battery module with two 18650 batteries was designed and fabricated. The thermal behavior (such as temperature rise of the battery pack) with various discharge rates (c-rate) was mainly investigated and compared for two types of battery systems employing PCM-based cooling. It is considered that the results obtained from this study provide good fundamental data on screening the appropriate PCMs for future research on PCM based BTMS for EV applications.

Forced Convection Heat Transfer for Two Circular Tube Arrays with Annular Fins (환형휜이 부착된 두 개의 원형관 배열에 대한 강제대류 열전달)

  • Kim, Seung-iI;Park, Sang-Hee
    • Journal of the Korean Society of Industry Convergence
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    • v.23 no.6_2
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    • pp.1093-1101
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    • 2020
  • This study was carried out numerically to investigate the air flow and thermal performance around single and parallel fin-tube heat exchangers and the cooling performance of the fluid inside the heat exchangers. In this study, the air velocity(1~7m/s), the pitch of fin(4, 6.1, 8, 11.3, 18.3, 44mm) and the diameter of fin(31, 33, 35, 37, 39mm) were varied. The flow rate of the water at the fin-tube heat exchanger inlet is 89cc/min and the water temperature is 353K. The air temperature at the upstream region of the heat exchanger is 300K. flow rate of the water at the fin-tube heat exchanger inlet is 80cc/min and the water temperature is 353K. It was found that the air pressure drop around single and parallel fin-tube heat exchangers was highly dependent on the air velocity and the fin pitch, but was independent of the fin diameter. Also, it was shown that pressure drop increased more the parallel arrangements than in single heat exchanger. The temperature difference of water at the inlet and outlet of the heat exchanger depended on the air velocity, the fin pitch and the fin diameter, and it was found that the parallel arrangement method further reduced the temperature of water. It was shown that the Nusselt number increased as the Reynolds number and the fin pitch increased, and decreased as the fin diameter increased.

Ratio of Bedload to Total Sediment Load in Gravel-bed Rivers (자갈하천 총유사량에 대한 소류사의 비율)

  • Park, Sang Doeg
    • Journal of The Geomorphological Association of Korea
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    • v.25 no.2
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    • pp.15-29
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    • 2018
  • The sediment transport process in a river reflects the process of geomorphological change in the watershed, influencesthe river bed variation and the river channel migration, and is a parametric phenomenon that exhibits a dynamic self-adjusting process. Sediment load is divided into bedload and suspended load depending on the dominant mechanism. Quantitative sediment load is important information for solving river problems. Because it is difficult and time consuming to measure bedload, compared to that ofsuspended load, data on the sediment transport load and the research required for the gravel-bed rivers are insufficient. This study is to analyze the ratio of the bedload to the total sediment load in gravel-bed rivers. The sediment load ratio in gravel-bed rivers increases with the flow rate per unit width, and the rate of the bedload varies more rapidly than the suspended load. The sediment transport efficiency coefficient has been affected by the ratio of the flow depth to the mean diameter of particles and has been dependent on the shear velocity Reynolds number. So $A^{\ast}$ and $B^{\ast}$ are introduced to compensate for the uncertainties such as bed materials, sediment transport, and flow velocity distribution, and the coefficient of bedload ratio has been presented. For the sediment load data in experimental channels and rivers, A* was 3.1. The dominant variables of $B^{\ast}$ were $u_*d_m/{\nu}$ in the gravel-bed and h/dm in the sand-bed. When $B^{\ast}$ the is the same, in the experimental channels the coefficient of bedload ratio was affected by the bed forms, but in the rivers it was of little difference between the gravel-bed and sand-bed.

Effects of Aged Platycodon grandiflorum on Cyclophosphamide-induced Immunosuppression in Mice (홍도라지 추출물이 마우스 모델에서 Cyclophosphamide에 의한 면역력 저하 억제에 미치는 영향)

  • Lee, Eun Byeol;Choi, Ji-Hye;Jang, Hwan-Hee;Hong, Ha-Cheol;Lee, Hae-Jeung;Jeong, Hyun Cheol;Lee, Sung-Jin;Lee, Sung Hyen
    • Korean Journal of Pharmacognosy
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    • v.51 no.4
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    • pp.340-348
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    • 2020
  • This study was conducted to evaluate the immunomodulatory effects of red doraji (Platycodon grandiflorum, RD) prepared by repeated steaming and drying process in the immune-suppressed mice induced by pre (RD-A) or post-treatment (RD-B) with cyclophosphamide. The immune-stimulating effects of ethanol RD extract in in vivo at 150 (RD-1) and 300 mg/kg body weight (RD-2) for RD-A and RD-B groups were measured and compared to the NC group supplied with distilled water only or positive control group. After 14 days of oral supplement, serum IgA, IgG, and cytokine levels, splenocytes proliferation rate, NK cell activity, and gene expression of cytokines were measured as immune related biomarkers. Serum IgA, IgG, IL-1β, and IL-12 levels increased in both RD-A and RD-B groups while serum TNF-α level decreased in RD-A group compared to the NC group. Splenocytes proliferation rate, NK cell activity, and cytokine (IL-1β, IL-6, IFN-γ) expression levels were also improved by RD supplement in the both groups. The RD showed more significant immunomodulatory effects at higher dose (RD-2) rather than the lower dose (RD-1). Thus, RD has an immune efficacy in a dose dependent manner and can be used as an immune stimulating source to improve immunity.

Analysis of the Influencing Factors of the Ordinance Enactment for Supporting Korean Medicine Infertility Treatment in the Metropolitan Area (수도권 한방난임치료지원 조례 제정의 정책 확산 영향 요인 분석)

  • Kim, Yun Hwan;Lim, Byungmook
    • Journal of Society of Preventive Korean Medicine
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    • v.25 no.3
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    • pp.117-124
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    • 2021
  • Objectives : The purpose of this study is to analyze the factors affecting the enactment of local municipalities' ordinance for supporting Korean Medicine infertility treatment in the metropolitan area. Methods : For Seoul, Incheon, and Gyeonggi Province, data on the enactment of Korean Medicine infertility treatment and socio-demographic data of the local municipalities were collected through the Enhanced Local laws and regulations Information System and on-line statistical database. Logistic regression analysis was performed to analyze the factors affecting the enactment of the ordinance, The enactment of the ordinance was dependent variable, and the budgeting of local municipalities, the number of population, the number of births, the number of Korean Medicine doctors, and the total fertility rate were used as independent variables. Results : Up to 2000, the ordinances for supporting Korean Medicine infertility treatment were enacted in 16 local municipalities and the budget for that was supported by 18 local municipalities. Regarding the effect on the enactment of the ordinances, it was found that budgeting of Korean Medicine infertility treatment had a positive (+) effect, and the metropolitan government's budgeting and the total fertility rate had a negative (-) effect. Conclusions : This study suggests that the ordinance for Korean Medicine infertility treatment is a policy tool derived based on the problem of low fertility faced by each local municipality rather than the political influence of health provider's groups.

Combination Analysis of Optical Tracking System Design Variables for Unknown Space Objects Using Effectiveness Analysis Simulation (효과분석 시뮬레이션을 이용한 미지 우주물체 광학 추적 시스템 설계 변수 조합 분석)

  • Hyun, Chul;Lee, Sangwook;Lee, Hojin;Park, Seung-Wook
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.26 no.9
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    • pp.1312-1319
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    • 2022
  • This paper defines an effectiveness index for optical continuous observation of unknown space objects and presents a range of design variables combinations that can satisfy the effectiveness index from a telescope/mount control system perspective using integrated simulation. The overall system-level simulation was implemented and the tracking performance was analyzed by considering design variables such as target position prediction and frame rate, image processing time and measurement error, target trajectory characteristics, and maneuver performance of mount gimbal. As a result of the analysis, it was confirmed that the continuous tracking performance of the optical observation system is dependent on the combination of frame rate and mount maneuver performance. In a situation where an optical observation system is designed or a similar system is implemented using COTS, an appropriate combination of parameters between design variables can be found through effectiveness analysis simulation as in this study.

What Drives the Listing Effect in Acquirer Returns? Evidence from the Korean, Chinese, and Taiwanese Stock Markets

  • Kim, Byoung-Jin;Jung, Jin-Young
    • Journal of Korea Trade
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    • v.24 no.6
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    • pp.1-18
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    • 2020
  • Purpose - This study investigates whether a listing effect exists in cross-border M&As and whether the effect can be attributed to the uncertainty of the GDP growth rate in the target firm's home country. We apply a joint variable analysis using M&A announcement data from the Korea Exchange (KRX), Shanghai Stock Exchange (SSE), and the Taiwan Stock Exchange (TWSE) from 2004 to 2013. We also conduct an event study using the measure of the uncertainty of the GDP growth rate (based on IMF statistics) in 55 target countries. Design/methodology - We measure the abnormal return (AR) using the market-adjusted model. We test the significance of the AR and the cumulative abnormal return (CAR) using a one-sample t-test. We examine the characteristics of the CARs depending on whether the target company is listed by applying a difference analysis using CAR as a test variable. In addition, we set CAR (-5, +5) as a dependent variable to identify the cause of the listing effect, and test both the financial characteristic variables of the acquirer and the collective characteristic variables of the merger as independent variables in the multiple regression analysis. Findings - First, we find the listing effect of cross-border M&As in the KRX, SSE, and TWSE, which represent the capital markets in Korea, China, and Taiwan, respectively. This listing effect persists during the global financial crisis and has a negative effect on the wealth of acquiring shareholders, especially when the target countries are emerging markets. Second, greater uncertainty regarding the target countries' economic growth in cross-border M&As has a negative effect on the wealth of acquiring firms' shareholders. Third, our empirical analysis demonstrates that the listing effect is attributable to the fact that firms listed in a target country with greater uncertainty of economic growth are more directly and greatly exposed to uncertain capital markets through stock markets, than are unlisted firms. Originality/value - This study is significant in that it presents a new strategic perspective in the study of cross-border M&As by demonstrating empirically that the listing effect is attributable to the uncertainty regarding the economic development of the target firms' home countries.

Effect of Cr and Mo Contents on Hydrogen Embrittlement of Tempered Martensitic Steels (템퍼드 마르텐사이트강의 수소취성에 미치는 Cr 및 Mo 함량의 영향)

  • Sang-Gyu, Kim;Jae-Yun, Kim;Hee-Chang, Sin;Byoungchul, Hwang
    • Korean Journal of Materials Research
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    • v.32 no.11
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    • pp.466-473
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    • 2022
  • The effect of Cr and Mo contents on the hydrogen embrittlement of tempered martensitic steels was investigated in this study. After the steels with different Cr and Mo contents were austenitized at 820 ℃ for 90 min, they were tempered at 630 ℃ for 120 min. The steels were composed of fully tempered martensite with a lath-type microstructure, but the characteristics of the carbides were dependent on the Cr and Mo contents. As the Cr and Mo contents increased, the volume fraction of film-like cementite and prior austenite grain size decreased. After hydrogen was introduced into tensile specimens by electrochemical charging, a slow strain-rate test (SSRT) was conducted to investigate hydrogen embrittlement behavior. The SSRT results revealed that the steel with lower Cr or lower Mo content showed relatively poor hydrogen embrittlement resistance. The hydrogen embrittlement resistance of the tempered martensitic steels increased with increasing Mo content, because the reduction in the film-like cementite and prior austenite grain size plays an important role in improving hydrogen embrittlement resistance. The results indicate that controlling the Cr and Mo contents is essential to achieving a tempered martensitic steel with a combination of high strength and excellent hydrogen embrittlement resistance.