• The Korean Journal of Financial Management
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• v.12 no.2
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• pp.239-271
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• 1995

본 연구는 현재 미국에서 거래되고 있는 세 가지 주가지수선물 상호간의 일중(intradaily) 가격선도(price leadership) 관계에 관한 실증분석이다. 본 연구가 기존의 연구와 다른점은, 기존의 연구가 주가지수선물과 그 기준이 되는 현물 가격사이의 가격 선도 관계에 초점을 두고 있는데 반하여 본 연구는 주가지수선물 시장 사이에서 존재하는 가격 선도관계를 분석하고 있다는 점이다. 실증 분석의 대상이 된 주가지수선물들은 Chicago Mercantile Exchange의 Standard and Poor's 500 Index(S&P 500), New York Futures Exchange의 New York Stock Exchange Composit Index (NYSE), 그리고 Chicago Board of Trade의 Major Market Index(MMI)이다. 만약 이들 시장들이 정보의 전달에 있어서 효율적(informationally efficient) 이라면 이들 가격간에 선도-지연(lead-lag) 현상은 존재하지 않을 것이다. 그러나 어느 한 시장이 새로운 정보를 선물가격에 반영하는데 다른 시장에 비해 상대적으로 느리다면, 이들 시장 상호간에는 가격의 전이(transmission)현상이 존재하게 될 것이다. 이들 선물간의 일중 가격선도 관계 연구는 이러한 시장의 효율성 문제를 밝히는데 의의가 있을 뿐만 아니라, 시장간의 단기적 가격 괴리를 이용하려는 차익거래자들에게도 유용하게 쓰일 수 있을 것이다. 본 연구는 위에서 언급한 각각의 주가지수선물들이 가격 선도성을 가질 수 있는 이유와 관련된 다음과 같은 세 가지 가설을 설정하였다. 첫째 가설은, 가격의 선도성은 거래량과 관련이 있다는 것이다. 즉, 이들 주가지수선물 중 가장 거래량이 많은 S&P 500 선물이 다른 선물을 선도할 것이라는 가설이다. 둘째, 가격의 선도성은 주가지수를 구성하는 주식의 수에 비례한다는 가설이다. 다시 말하면, 보다 않은 수로 구성된 주가지수일수록 정보처리 속도가 빠르다는 가설이다. 따라서, 본 연구에 포함된 주가지수선물 중 가장 많은 수의 주식을 대상으로 하는 NYSE 선물이 다른 선물을 선도할 것이다. 마지막 가설은 정보의 처리는 대형주 혹은 기관선호주(institutionally-favored)들이 주도한다는 것이다. 따라서, 주로 이와 같은 주식들로 구성 된 MMI 선물이 선도성을 가질 수 있다는 것이다. 위의 가설들을 검증하고 시장간의 가격 선도관계를 분석하기 위하여 본 연구는 vector autoregressive(VAR) 모형을 이용하여 충격-반응 함수(impulse response functions)를 계산하고, 분산분해(variance decomposition)를 수행하였다. 또한 가격 상호간에 존재할지도 모르는 공적분(cointegration)관계를 Johansen(1991)과 Jokansen and Juselius (1992) 등이 제시한 다변량 공적분 검정(multivariate cointegration test)를 통하여 분석하였다. 분석기간은 1986년 1월부터 1990년 7월까지이며, 각 주가지수선물들의 5분 간격 data를 사용하였다. 연구결과, 충격-반응 분석은 어느 한 시장에서의 충격(shock)은 다른 시장으로 매우 빠르게 전달되고 있음을 보여 주었다. 그러나 충격의 지속정도는 그 충격의 진원지에 따라 달랐다. 즉, NYSE나 MMI 선물로부터 발생 한 충격은 다른 시장의 가격에 5분 안에 반영을 끝냈지 만 S&P 500 선물에서 발생한shock은 그 이상 지속되었다. 또한, 분산분해 결과 S&P 500 선물이 자기자신 뿐만 아니라 다른 시장의 예상하지 못했던 움직임(unexpected movements)을 설명하는데 가장 큰 설명력(explanatory power)을 가지고 있었다. 결론적으로 S&P 500 선물이 다른 선물을 약 5분 간격으로 선도하였다. 이는 가격의 선도가 거래량과 밀접한 관계가 있음을 보여 주는 것이다.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.41 no.6
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• pp.499-505
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• 2017

In this study, the limit loads calculated by the $m_{\alpha}-tangent$ method based on the linear finite element analysis are compared with the closed form solutions that are proposed by various authors. The objects of the analysis is to select the elbow and the branch pipe which are representative structure of piping system. The applicability of the $m_{\alpha}-tangent$ method are investigated by applying it to cases with various geometries. The internal pressure and the in-plane bending moment are considered and the $m_{\alpha}-tangent$ method is in good agreement with the existing solutions in case of elbows. However, the limit loads calculated by the $m_{\alpha}-tangent$ method for branch junctions do not agree well with the existing solutions and do not show any tendency. The reason is a biased result due to the stress concentration of the discontinuous parts.

• KOREAN JOURNAL OF CROP SCIENCE
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• v.40 no.3
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• pp.398-405
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• 1995

In termperate zone planting rice at different date subjects the crop to different climatic condition. This study aimed at comparison of the change in source-sink relationship of the Japonica(J) and that of Indica Japonica(I$\times$J) type rice cultivars caused by shift of heading date. Two J-and two I$\times$J-type cultivars were made to head on Aug. 16, Aug. 26 and Sep. 5. Percent grain fertility was not changed in response to shift of heading date. Ripening patterns of 4 rice cultivars were similar to sigmoid curve type but when the heading date was delayed to Sep. 5, the form is changed to log type of curve. In J-type, physiological maturity was delayed about 5 day when headed at Sep. 5, in compare to headed at Aug. 16 and Aug. 26. However ripening was continued about 10 days when the diurnal, nocturnal and minimum temperature was above 17, 12$^{\circ}C$ and about 3~8$^{\circ}C$. In I$\times$J hybrid, real ripening was continued when the diurnal, nocturnal and minimum temperature was over 20, 17$^{\circ}C$, but if the minimum temperature was downed bellow 1$0^{\circ}C$, it was impossible. Simulated photosynthetic amount based on photosynthetic ability, temperature, leaf area and day length was varied according to changes in heading date and it was decreased seriously if the minimum temperature was fall down bellow 4$^{\circ}C$ in field, that's why decrease in photosynthetic ability and aging. The temperature range of optimum ripening was 21~26$^{\circ}C$, if there is nothing hindering factor.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.8
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• pp.5513-5521
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• 2015

There is an operational efficiency problem about wayside equipment applied to the domestic low-density branch as the equipment has been installed and operated similarly in the mainline. On-board oriented train control system, which has been developed for train safety and operation efficiency, ensures safe train operation without expensive ground control signal devices. Such system consists of on-board control system, wayside control system, and local control system. In this paper, the details of tests such as suitability test, communication test, and interface test are described by installing the on-board control system and wayside control system in field. Installation tests include checking power, voltage, cable connection, LED status, etc. Field applicability of the developed system is also verified through the dynamic operation tests with diverse scenarios, which are performed on the virtual line similar to the real environment including switch machine and level crossing gate. Dynamic operation tests were conducted for total 7 scenarios, and several tests were repeated for each scenario. The elapsed time for each operation was computed by analyzing main process log, and we could check that each operation was accomplished within several seconds. Furthermore, the developed system was verified through field test with an accredited institute, and testing certificates were issued.

• Journal of Radiation Protection and Research
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• v.23 no.3
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• pp.149-157
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• 1998

An analysis has been performed to estimate the additional number of workers and the additional collective dose in man-cSv which would be required, nuclear industry-wide as a result of reducing individual dose limit. This analysis can be extended to the reduction in the dose limits recommended by ICRP Publ.60 and BEIR V report as well as the proposed dose limits by regulatory authorities. An industry-wide database was employed in the analysis based on a summary of industry-wide occupational radiation exposure compiled by the Korea Radioisotope Association. Correlation model was employed to compute the affects of setting specific annual individual dose limits. In this study, we have addressed worker non-productivity while in the radiation environment on a parametric or 'sensitivity analysis' basis. This alleviates the need for developing such data underlying a summation of many individual tasks at many nuclear facilities. It has the advantage that very low non-productivity assumptions can readily be defended as conservative, in that it is difficult to approach such low worker non-productivity factors even in the best of environments in any industry. On a per facility basis, for calendar year 1997, the number of workers required would be increased from 231 workers to 269 workers and collective man-cSv dose would be also increased by approximately fourteen percent if the individual dose limit was reduced to 2 cSv/y and an individual worker non-productivity fraction of 0.1 is assumed.

• Journal of Advanced Marine Engineering and Technology
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• v.40 no.9
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• pp.756-761
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• 2016

The objective of this study is to design and manufacture a fuel pump with the plunger diameter of 4 mm and stroke of 7 mm that can be mounted in a small single-cylinder four-stroke agricultural diesel engine, and to investigate the performance characteristics of the pump. The combustion pressure in a cylinder was reproduced by forming the back pressure of 1, 6, 11, 16 and 21 bar with a nitrogen gas in the home-manufactured modeling cylinder. In the experiment, the discharge pressure was measured at the spot of 1 cm away from the discharge port of a developed fuel pump. The delivery pressure and delivery flow rate were measured at the spot of 30 cm away from the discharge port of the pump, and the pump efficiency was calculated. The pump motor speed was changed from 600 to 800, 1000, 1200 and 1400 rpm. It is found that the delivery feed rate of fuel pump is increased as the rotational speed is raised, and is decreased as the back pressure, compression pressure in the cylinder, is increased. Also, the pump efficiency is reduced as the rotational speed and back pressure are increased.

• Journal of the Korean Society for Railway
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• v.20 no.5
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• pp.569-576
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• 2017

The electromagnetic valve of pneumatic doors of EMUs has a high failure rate due to air leakage because it supplies air on and off to operate the doors repeatedly. The electromagnetic valve is a very important safety component for which a very high reliability is required because failure makes it impossible to operate the passenger cars. However, domestic urban railway operators maintain electronic valves of the EMU door under a fixed cycle with a spare period according to the full overhaul cycle of the EMU. An improvement of the current maintenance cycle was suggested based on the reliability function and mission reliability. Using the statistical program MINITAB for the operational data of EMU line 6, we analyzed the characteristics of the fault distribution and derived the shape and scale parameters of the reliability function. If we limit the specific reliability probability to under a certain failure rate and calculate its statistical parameters, we can calculate the allowable inspection period with mission reliability. Through this study, we suggested a maintenance period based on RCM (reliability centered-maintenance) to improve the reliability of electromagnetic valves from 68% to 95%.

• Journal of Radiation Protection and Research
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• v.34 no.4
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• pp.190-194
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• 2009

Gamma spectral results for macroalgae samples taken from the environment of Ulchin nuclear power plants in Korea (east coast), showed 766 keV peaks, which were identified as $^{95}Nb$ by several research institutes. After the enhancement of liquid radioactive waste disposal facility at Ulchin NPP site, the $^{95}Nb$ amount in the liquid radioactive waste outflow has drastically reduced, but the expected reduction in $^{95}Nb$ specific activity from environmental samples did not actually show up on gamma spectroscopy. Detailed re-investigation revealed that along with 766 keV peak, other peaks (63, 92 and 1001 keV) from $^{234}Th-^{234}mPa$ decay series were also detected on spectroscopy, and that the measured half lives of the four peaks were very close to known half life of $^{234}Th-^{234}mPa$ decay series, which is 24.1 day. The measured gamma yield ratios of 766 keV peak to 1001 peak were very close to known ratio 0.35 for $^{234}mPa$. It is concluded that 766 keV peaks on gamma spectroscopy of Ulchin NPP environmental samples were mainly from $^{234}mPa$, which is one of naturally occurring radionuclides.

• Journal of Life Science
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• v.26 no.6
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• pp.721-726
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• 2016

It has already been reported that short neuropeptide F (sNPF) stimulates feeding behaviors in a wide variety of insect species. In the present study, we cloned cDNA, encoding a sNPF receptor homologue from a silkworm, Bombyx mori, named BsNPF-R. The amino acid sequence of BsNPF-R was compared with those of sNPF-R thus far reported, which is shared with humans (36%), mice (34%), zebrafish (35%), and fruit flies (51%), respectively. A BsNPF-R protein’s mass was theoretically estimated to be 42,731 Da and it is a putative plasma membrane-penetrating protein. The mRNA expression of BsNPF-R was tested; the results showed that a strong expression was detected at the midgut, post-silk gland, Malpighian, and testis; however, a weak expression was at the fat body, hemocyte, and ovary. In addition, the synthesized sNPF of a silkworm regulated the BsNPF-R mRNA expression through the cell-based functional analysis.

• Journal of the KSME
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• v.29 no.6
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• pp.573-580
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• 1989

현재 한국의 자동차 공업은 80년대 초반부터 급격한 발전으로 세계의 다른 자동차 생산국으로부 터 경계의 대상이 되고 있다. 그러나 그 내면을 살펴보면 아직도 중요한 기술은 거의 대부분 일 본이나 독일, 미국 등 자동차 선진국의 기술에 의존하고 있으며 특히 엔진 분야는 대부분 외국 기술에 의존하고 있다고 해도 과언이 아니다. 엔진은 자동차 생산원가의 약 30%를 차지하며 자동차의 성능을 좌우하는 경우 기술료 지급은 물론이며 부품구매 선택의 여지가 없어진다. 또한 요즈음과 같이 상품의 수명주기가 짧게 되어 가는 추세 하에서는 시장의 요구에 대처해나가는 엔지니어링 적응력이 부족하게 되면 결국 경쟁성을 상실하게 된다. 그러나 이러한 문제점을 인 식하면서도 80년대 초까지 독자적인 엔진개발을 하지 못했던 원인은 크게 2가지로 분석할 수 있다. 첫째는 한국의 자동차 회사들의 기술 축적의 미약과 둘째는 독자개발의 낮은 투자효율성 이다. 즉 엔진과 변속기를 기술 도입할 때 기술료 지급은 자동차 생산댓수당 5-6만원에 달하지만 엔진과 변속기를 독자개발시의 투자비는 약 300-500억원에 달하므로 간단한 산술적 계산으로는 모델당 100만대를 생산하여야만 투자의 가치가 있는 것으로 보여진다. 물론 위에서 언급한 바와 같은 여러 가지 요인에 의하면 이 숫자보다 훨씬 적은 생산량으로도 경쟁성이 확보될 것으로 예상된다. 이제 한국의 자동차 생산량도 연간 백만 대를 상회하는 수준이며 앞으로도 급격한 양과 질적인 팽창이 기대되고 있는 시점에 자동차 메이커들은 각사 모두 독자적인 고유 엔진 개발을 착수하였으며 일부 회사는 이미 성공을 거두어 양산 준비를 하고 있는 것으로 알고 있다. 그러나 아직도 엔진의 설계부터 양산까지 걸리는 기간이 타 선진 메이커에 비하면 상당히 길며 이로 인해 신제품의 경쟁력 저하가 우려되고 있는 상태이다. 이러한 문제점 해결에 도움을 주기 위해서 학계는 기업체의 기술 개발방향과 전략을 이해하는 것이 필요하다.grightarrow$cn-semistratifiable over$\longrightarrow$semistratifiable over $\alpha$ 2, 어떤 공간이 cn-Semistratifiable over $\alpha$이기 위한 필요충분 조건은 그것이 linearly cushioned cn-pairnet를 갖는 것이다. 3. cn-semistratifiable over $\alpha$의 부분공간 역시 cn-semistratifiabie over $\alpha$ 하다. 4. on-semistratifiable over $\alpha$의 유한개의 적공간 역시 cn-semistratifiabie over $\alpha$한다. 5. 폐 cn-semistratifiable over $\alpha$ 부분공간들의 합공간 역시 on-semistrbtifiable over $\alpha$ 하다. 6. 폐연속 net-cevering 함수에 의하여 cn-semistratifiable over $\alpha$ 성질이 보존된다. 보잘것이 없었고, 현재에도 각 시도별 또는 대학주관의 경시대회가 있으나 거국적인 호응을 받지 못했다. 물론 국제 대회에 참석시키는 것은 엄두도 내지 않았다.로 나타났다. 4. 코코넛과 소나무수피의 경우 암모니아 가스에 대한 흡착 능력은 거의 비슷한 것으로 사료되며, 코코넛의 경우 전량을 수입에 의존하고 있다는 점에서 국내 조달이 용이하며, 구입 비용도 적게 소요되는 소나무수피를 사용하는 것이 경제적이라고 사료된다. 5. 마지막으로 악취제거 미생물균주를 접종한 소나무수피 50%와 펄라이트 30%의 혼합재료를 24시간 동안 장기간 운전 실험을 수행한 결과 암모니아 99.06%, 황화수소 96.61%의 제거