• Korean Business Review
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• v.11
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• pp.195-216
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• 1998

Ownership of an asset can be identified with the right to exercise "residual control" where the contract is silent about decision rights, or with the right to receive any "residual returns" that remain after contractual. obligations are fulfilled. Although the concept of "ownership" seems reasonably clear in many of the cases, the concepts of residual control and the residual returns that define ownership are actually quite elusive. For large corporations, there is really no single individual who owns both the residual returns and the residual control. Despite the limited qualifications, ownership is clearly. the most common and effective meas to motivate people to create, maintain, and improve the value of assets. In this paper, we try to clarify the relationships among financial structure, ownership, and corporate control with the concept of ownership defined as the residual control and the residual returns, Financial securities are not just claims to part of a firm's net income. They give the security holder certain rights. A careful matching of rights of control and returns can create incentives that increase total value of the firms. In the corporate firms, managers, lenders, and shareholders have different interests. And the financial structure affects how different those interests are and what decisions management will make. Managers are, in general, better informed than investors about the firm's prospects. The financial decisions by managers may affect investors' beliefs and, therefore, the price of shares and the value of the firm.

• Transactions of the Korean Society for Noise and Vibration Engineering
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• v.12 no.4
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• pp.302-309
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• 2002

A FRF-based substructuring method attempts to predict the dynamic characteristics of a complex structure from predetermined FRFs of the comprising uncoupled substructures. Although this method has the advantage of being able to incorporate experimental component FRFs directly, it is prone to errors : measurement errors, coordinate incompleteness, modal incompleteness, etc. Among the various sources of errors, this paper deals with the problem of modal incompleteness (or residual problem) of which importance is underestimated compared to others. It is a well-known rule of thumb that such a problem can be overcome by including modes up to 2 or 3 times the upper frequency of interest. Using a simulated case study, it is demonstrated that even including modes up to 20 times the upper frequency of interest does not guarantee a satisfactory result. A method to compensate the residual errors is introduced. This method requires the whole FRF matrices of substructures which is practically impossible for a complex structure. An applicable alternative is suggested and applied successfully to the case study. Finally, the effects of measurement errors on the residual compensation are also discussed.

• Steel and Composite Structures
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• v.25 no.5
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• pp.617-624
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• 2017

In this study, a new empirical method is presented to obtain Dynamic Increase Factor (DIF) in nonlinear static analysis of structures against sudden removal of a gravity load-bearing element. In this method, DIF is defined as a function of minimum ratio of difference between maximum moment capacity ($M_u$) and moment demand ($M_d$) to plastic moment capacity ($M_p$) under unamplified gravity loads of elements. This function determines the residual strength of a damaged building before amplified gravity loads. For each column removal location, a nonlinear dynamic analysis and a step-by-step nonlinear static analysis are carried out and the modified empirical DIF formulas are derived, which correspond to the ratio min $[(M_u-M_d)/M_p]$ of beams in the bays immediately adjacent to the removed column, and at all floors above it. Therefore, the new DIF can be used with nonlinear static analysis instead of nonlinear dynamic analysis to assess the progressive collapse potential of a moment frame structure. The proposed DIF formulas can estimate the real residual strength of a structure based on critical member.

• Journal of Ocean Engineering and Technology
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• v.21 no.1 s.74
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• pp.64-68
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• 2007

Recently, there has been considerable research in the field of application of Laser-Arc hybrid welding for superstructures, such as ship-structures, transport vehicles etc. However, the study on heat distribution and welding residual stress of hybrid weld by numerical simulation leaves much to be desired. Therefore, in this study, an optimized welding condition and numerical simulation for hybrid welding, using previous numerical analysis to calculate the heat source for hybrid welding, has been analyzed. For this purpose, fundamental welding phenomena of the hybrid process, using Laser and, is investigated. In order to calculate temperature and residual stress distribution in hybrid welds, a finite element heat source model is developed on the basis of experimental results and characteristics of temperature. Residual stress distribution in hybrid welds are understood from the result of simulation, and compared with the experimental values.

• Structural Engineering and Mechanics
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• v.71 no.6
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• pp.683-697
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• 2019

The reinforced concrete (RC) structures usually suffer large residual displacements under strong motions. The large residual displacements may substantially reduce the anti-seismic capacity of structures during the aftershock and increase the difficulty and cost of structural repair after an earthquake. To reduce the adverse residual displacement, several self-centering energy dissipation braces (SCEBs) have been proposed to be installed to the RC structures. To investigate the seismic responses of the RC structures with SCEBs under the earthquake excitation, an extended Bouc-Wen model with degradation and self-centering effects is developed in this study. The extended model realized by MATLAB/Simulink program is able to capture the hysteretic characteristics of the RC structures with SCEBs, such as the energy dissipation and the degradation, especially the self-centering effect. The predicted hysteretic behavior of the RC structures with SCEBs based on the extended model, which used the unscented Kalman filter (UKF) for parameter identification, is compared with the experimental results. Comparison results show that the predicted hysteretic curves can be in good agreement with the experimental results. The nonlinear dynamic analyses using the extended model are then carried out to explore the seismic performance of the RC structures with SCEBs. The analysis results demonstrate that the SCEB can effectively reduce the residual displacements of the RC structures, but slightly increase the acceleration.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2008.04a
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• pp.60-64
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• 2008

According to previous research, welding-induced stress in steel structures can significantly affect the fatigue behaviour; it produces initial damage of weldiug part of structure locally and residual stresses reduce the fatigue strength after welding precess. In this study, through continuum damage mechanics, we can estimate the weldiug damage using the stress and strain history during welding process and the effect of welding residual stress for assessment of fatigue life. The variation of welding-induced stresses and strains need be traced precisely in advance for a reliable weldiug damage assessment. In this study, a damage and fatigue analysis techniques for steel structures with welding-induced residual stress are presented. First, We calculate the history of temperature according with welding process. And residual stress with a welding thermal history was evaluated by non-linear thermal stress analysis. Secondly, welding damage and fatigue life are estimated with kinetic damage law.

• Proceedings of the KWS Conference
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• 2002.10a
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• pp.657-660
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• 2002

In this paper, a study on the residual stress of plate with longitudinal stiffeners is explained in terms of the welding sequences. In order to verify the results of numerical analysis, the hole drilling method (HDM) is performed, to measuring the residual stresses of the test plates in $CO_2$ Flux Cored Arc Welding (FCAW) under various welding conditions. The non-linear transient analysis technique for the numerical analysis in a large and complicate structure is considered. The residual stress of plate in consideration of the welding sequences and directions is evaluated by some numerical simulations and also by experiments. Comparison of numerical analysis results with experimental data shows the accuracy and validity of the proposed method.

• Proceedings of the KSME Conference
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• 2003.04a
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• pp.334-339
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• 2003

The welding residual stress has on important effect on welding deformation, fatigue fracture, buckling strength, brittle fracture, etc. For the purpose of relaxation of welding residual stress, post welding heat treatment is widely used. In this paper, residual stresses were calculated by two dimensional thermal elasto-plastic analysis using finite element method. Heat transfer analysis are performed by transient analysis. Also structure analysis are carried out by of thermal-mechanical coupled analysis. Numerical analysis are used by ANSYS 5.7.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• v.9 no.3
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• pp.76-82
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• 2000

It is well known that during the oxygen cutting process residual thermal stresses are produced in weldment. The local non-uniform heating and subsequent cooling which takes place during any welding process causes complex thermal strains and stresses to finally lead to residual stresses exceed to the yield stress. High tensile stresses combined with applied structural load in the region near the welded joint can given rise to distortion brittle fracture change of the fatigue strength and stress corrosion cracking. The appropriate treatment of the welded component which reduces the peak of he welding residual stresses is believed to lower risk of the fracture during the service of the structure. In this study the impact loading in oxygen cutting frame was applied to reduce the residual stress. After applying the impact loading redistribution of resid-ual stress was measured by cutting method and the effect of fatigue was tested.

• Journal of the Society of Naval Architects of Korea
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• v.50 no.2
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• pp.104-110
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• 2013

In this paper, the design procedure and results for 'Residual Life Prediction System Considering Corrosion and Coating' are explained, which is one module of 'Life-cycle Management System of Ship and Offshore Plant's' Operation. This 'Residual Life Prediction System' has two main functions; one is residual life prediction function based on probability processing using corrosion measurement data of ship's major structural members, and another is rust rate prediction function based on visual image processing of inspection photos. The analysis of system user requirements and functions are introduced, and the structure and environment of the developed system are explained.