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A Study on Mechanical Properties According to the Radius Change Position of Outer Circumference in A2024-T4 Friction Welding (A2024-T4 마찰용접(摩擦熔接)시 반경 변화에 따른 기계적(機械的) 성질(性質) 연구(硏究))

  • Park, Keun-Hyung;Min, Taeg-Ki
    • Transactions of the Korean Society of Machine Tool Engineers
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    • v.16 no.3
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    • pp.109-116
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    • 2007
  • The present study examined mechanical properties according to the change of outer circumference in the friction welding of A2024-T4 stock, which is used much as aircraft structure, truck wheel, stainless materials and A2024-T4 stock with 10 hollow at the center. Welding conditions were fixed at RPM 2,000rpm, friction pressure of 50MPa, friction time of 1.5sec, upset pressure of 120MPa and upset time of 2.0 seconds. From the result of this study were drawn conclusions as follows : According to the result of a tensile strength test, the solid shaft showed linear increase of tensile strength with the change of outer circumference, the hollow shaft showed maximum tensile stength when the length (L) was 2mm and decrease of tensile strength with the change of outer circumference, hardness appeared to increase and then decrease for welding interface, and it showed maximum hardness 155Hv at L=5mm of the solid shaft. Bending strength increased linearly far change of the distance (L) of outer circumference in the solid shaft and then decreased linearly in the hollow shaft. the result of examining tissue, the tissue grew finer around the welding interface and divided the basic material and the welding surface.

Determinants of Dividend Payout: Evidence from listed Oil and Gas Companies of Pakistan

  • Tahir, Muhammad;Mushtaq, Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.3 no.4
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    • pp.25-37
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    • 2016
  • This study aims to investigate the determinants of dividend payout of Oil and Gas industry of Pakistan using secondary data from published annual reports from 2008 to 2014 listed on KSE (Karachi Stock Exchange). Dividend payout can be affected by profitability, firm size, financial leverage, sales growth, investment opportunities, liquidity, business risk, and ownership structure. Panel data technique used due to panel characteristics of available data with ordinary least square regression model to find out the impact of set of explanatory variables on the dividend payout using the Stata. Financial leverage, sales growth and business risks are the most significant variables of the study where financial leverage and business risk have significant negative effect on dividend payout while sales growth has favorable positive impact on dividend payout. Results revealed significant positive link of profitability and firm size with dividend payout whereas government ownership is negatively associated with dividend payout. Investment opportunities, liquidity and managerial ownership showed insignificant relationship with dividend payout. This Suggests that dividend payout policy is dependent on business strategies including both investment and financing decisions. Financial managers should consider these factors while formulating dividend policy of the firm.

Effects of Thermotherapy and Shoot Apical Meristem Culture, Antiviral Compounds for GLRaV-3 Elimination in Grapevines (열처리와 생장점 배양 및 항바이러스제 처리에 의한 포도 GLRaV-3의 무독화효과)

  • Kim, Hyun-Ran;Chung, Jae-Dong;Park, Jin-Woo;Choi, Yong-Mun;Yiem, Myoung-Soon
    • Journal of Plant Biotechnology
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    • v.30 no.2
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    • pp.155-160
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    • 2003
  • Grapevine leafroll-associated virus 3(GLRaV-3) is one of the most severe pathogens for viral diseases found in Korea. This study was conducted to establish the virus-free stock production system for the virus disease control. The effects of thermotherapy, merestem culture and chemotheratpy to eliminate the GLRaV-3 in gratevines were tested. Thermotherapy at 37$\pm$2$^{\circ}C$ for 6∼8 weeks combined with 0.5∼1.0mm size of meristem culture method was the most effective for virus elimination. Thermotherapy alone was not effective. In chemotheratpy, DHT and Amantadine (20, 40mg/L) treatment in medium was more effective than Ribavirin to eliminate the GLRaV-3 in grapevine. However, Ribavirin spraying to potted was not available for virus elimination. Therefore, virus-free stock production system using the thermotherapy combined with shoot apical meristem culture was the most effective in grapevine.

The Impact of Strategic Alliance Announcements of On-line Venture Firms on their Market Value (온라인 벤처기업의 전략적 제휴에 대한 공시가 기업가치에 미치는 영향)

  • Lee, Sun-Ro;Kim, Moon-Joo
    • Asia pacific journal of information systems
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    • v.14 no.1
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    • pp.1-21
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    • 2004
  • Recently, many internet firms have opted the strategic alliances with other on/off-line firms in order to gain and sustain their competitive advantages. Previous research on market reaction to such alliances, however, shows mixed results. Therefore, the purpose of this thesis is to analyze the announcement effects of the alliances among internet firms in the stock market. Focusing on on-line firms that have been outside the scope of previous research, this study applied the event study methodology and examined the cumulative abnormal returns(CAR) for 245 alliance announcements between October 1998 and May 2002. Further, this study conducted a survey to categorize various types of announcements and 40 usable returns has been analyzed. The notable results from this study include: 1) The strategic alliances announcements do not have statistically positive effects on stock prices of the announcing firms. 2) Contrary to the results of the previous research, the CARs associated with marketing alliances are higher than those with technology alliances. 3) The degree of fitness among firms' disposition, their alliance purpose, and alliance type chosen influences the performance of their alliances.

Studies on the Change in the Nitrogen Compounds of Ginseng Extracts during the Processing and the Storage (인삼 Ext. 제조 및 저장중 질소화합물의 소장에 관한 연구)

  • Park, Myeong-Han;Seong, Hyeon-Sun;Lee, Cheol-Ho
    • Journal of Ginseng Research
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    • v.7 no.2
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    • pp.156-162
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    • 1983
  • Stability of nitrogen compounds in the water-extract of ginseng has been investigated in terms of concentration and SDS-PAGE protein pattern as functions of times and temperature. The concentration of free amino-nitrogen in the extract of fresh ginseng varied with time at various temperatures. Especially at temperature over 90$^{\circ}C$, it showed a tendency of steady declease at a considerably fast rate. In the case of red ginseng which had been commercially processed and stocked for 1-7 years, it was found that the free amino-N concentration diminished gradually depending on the length of stock period of samples. This result may be comparative to another observation that the amount and density distribution of precipitate from extract varied with the lapse of stock time, based on accelerated sedimentation test. The number of SDS-PAGE protein bands was observed to be at least seven when determined with the extract of fresh ginseng. However, it tended to reduce finally to be one band when the extract was kept at a rather high temperature for a long time.

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Tracing the origin of fish without hatchery information: genetic management of stock enhancement for mangrove red snapper (Lutjanus argentimaculatus) in Taiwan

  • Hsu, Te-Hua;Huang, Chang-Wen;Lin, Cheng-Hui;Lee, Hung-Tai;Pan, Chieh-Yu
    • Fisheries and Aquatic Sciences
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    • v.23 no.5
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    • pp.13.1-13.7
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    • 2020
  • Stock enhancement is considered to be a valuable approach for restoring fishery resources. Because no specific official institution in Taiwan is responsible for the production of fry, the released fry are purchased directly from the private sector. However, fishermen from the private industry have not established a genetic background, so the genetic composition for each batch of released fry is unclear. Mangrove red snapper (Lutjanus argentimaculatus), a prominent species released in Taiwan, was collected after its official release. One hundred and two field samples were compared with four batches of hatchery fry (n = 685) by using a microsatellite-based multiplex PCR assay. Four of the field samples (3.9%; 4/102) were revealed to be from a fish farm and most likely from a single batch. This study revealed that wild mangrove red snappers are genetically different from those originating from farms, and their origins can be traced through molecular markers, even without information on breeding stocks.

Comparative Analysis of the Growth for Selectively Bred Korean Turbot Scophthalmus maximus Population (한국 육종터봇(Scophthalmus maximus)의 성장률 비교 분석)

  • Kim, Min Sung;Kim, Tae Hwan;Han, Jae Yong;Jo, Hyeon Kyeong;Kwak, Ju Ri;Park, Ji Been;Suh, Jong-pyo;Lee, Woo-jai
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.53 no.4
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    • pp.563-565
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    • 2020
  • Turbot Scophthalmus maximus can be cultured at a higher density and has a faster growth rate than olive flounder Paralichthys olivaceus, making it an attractive alternative for flounder farmers in Korea. As it is a relatively new species to Korean farming environments, there is no general farming protocol, which takes multiple generations to develop, for turbot in Korea. Nevertheless, we applied breeding technology to develop a stock, which we considered first-generation turbot. Then we compared its growth rate (an important economic trait) to different populations (the original stock of Korean turbot, French turbot, and Chinese turbot). The four different populations were grown in similar culture conditions. First-generation Korean turbots grew about 28% faster than all others. We will continue to select for important traits such as color, disease resistance, and heat tolerance in this turbot broodstock; we believe that with the appropriate selection process, Korean turbot should become competitive in the markets, and will become a major farming species in the Korean aquaculture industry.

A Stock Assessment of Yellow Croaker using Bioeconomic Model: a Case of Single Species and Multiple Fisheries (생물경제모형을 이용한 참조기의 자원평가에 관한 연구 - 단일어종·다수어업 사례를 중심으로)

  • Sim, Seonghyun;Nam, Jongoh
    • Ocean and Polar Research
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    • v.37 no.2
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    • pp.161-177
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    • 2015
  • This study analyzes the stock assessment of yellow croaker caught mainly by the Korean stow net and gill net fisheries focusing on single species and multiple fisheries. This study standardizes fishing efforts for the two fisheries using the general linear model and uses a surplus production model based on the exponential growth model. The Clarke Yoshimoto Pooley model estimates a maximum sustainable yield(MSY), an allowable biological catch(ABC), fishing efforts for MSY($E_{MSY}$) and for ABC($E_{ABC}$). The bio-economic model is used to estimate the maximum economic yield(MEY) and fishing efforts for MEY($E_{MSY}$). Also, the study employs an economic analysis to estimate the economic interaction between stow net and gill net fisheries. The economic analysis shows the profit accruing to the two fisheries from estimated ABC. Finally, the study compares TACs based on single species and single fishery to TAC based on single species and multiple fisheries. The study proposes that the TAC assessment is necessary for single species and multiple fisheries in order to preserve resources.

The Role of Overconfident CEO to Dividend Policy in Industrial Enterprises

  • HOANG, Lam Xuan;DANG, Duong Quy;TRAN, Thuan Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.361-367
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    • 2020
  • Researching the influence and role of CEO overconfidence to dividend policy is important for stock market investors. Therefore, this study was conducted to find out the relationship between CEO overconfidence and dividend policy in industrial enterprises in Vietnam. Data collected from 222 industry enterprises listed on the Vietnam Stock Exchange from 2012 to 2018. Data is collected on financial statements of listed companies. GLS model with panel data is used to analyze regression results. The results show that CEO overconfidence has dividend yield higher than CEO non-overconfidence. At the same time, the dividend payout ratio of enterprises has no difference between CEO overconfidence and CEO non-overconfidence. The results also showed that revenue growth has a positive impact on dividend yield in small enterprises, but negative impact on dividend payout in large enterprises. Research results by firm size have similar results with the general analysis for all enterprises. At the same time, the analysis of ownership type shows that CEO overconfidence has a positive impact on dividend yield of non-state enterprises without affecting other types of enterprises. From these results, the authors also made a number of recommendations to help investors choose businesses to invest in accordance with their strategies.

Conceptual Pattern Matching of Time Series Data using Hidden Markov Model (은닉 마코프 모델을 이용한 시계열 데이터의 의미기반 패턴 매칭)

  • Cho, Young-Hee;Jeon, Jin-Ho;Lee, Gye-Sung
    • The Journal of the Korea Contents Association
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    • v.8 no.5
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    • pp.44-51
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    • 2008
  • Pattern matching and pattern searching in time series data have been active issues in a number of disciplines. This paper suggests a novel pattern matching technology which can be used in the field of stock market analysis as well as in forecasting stock market trend. First, we define conceptual patterns, and extract data forming each pattern from given time series, and then generate learning model using Hidden Markov Model. The results show that the context-based pattern matching makes the matching more accountable and the method would be effectively used in real world applications. This is because the pattern for new data sequence carries not only the matching itself but also a given context in which the data implies.