• Journal of Digital Convergence
• /
• v.19 no.6
• /
• pp.133-141
• /
• 2021

Governments of each country are actively implementing fiscal expansion policies to recover the real economy after Corona 19. In Korea, the stock market and housing market are greatly affected as liquidity in the market increases due to the implementation of disaster subsidies and welfare policies. The purpose of this study is to analyze the relationship between stock market and housing market trends and liquidity. Data were collected by the Bank of Korea and Kookmin Bank. The analysis period is from January 2000 to December 2020, and monthly data are used. For empirical analysis, the rate of change from the same month of the previous year was calculated for each variable, and numerical analysis, index analysis, and model analysis were performed. As a result of the analysis, it was found that the stock index showed a positive(+) relationship with the house price, while a negative(-) relationship with M2. Previous studies have suggested that, in general, an increase in liquidity affects the stock market and the housing market, and inflation also rises. In this study, it was found that the stock market and the housing market had an effect on each other. However, it was investigated that liquidity showed an inverse relationship with the stock market and had no relationship with the housing market. Through this, this study estimated that there is a time difference in the relationship between liquidity and the stock market & housing market.

• Fire Science and Engineering
• /
• v.15 no.1
• /
• pp.1-6
• /
• 2001

In this study, reduced-scale experiments were conducted to understand smoke movements in tunnel fires with the natural ventilation. The 1/20 scale experiments were conducted under the Froude scaling since the smoke movement in tunnels is governed by buoyancy force. Three cases of experiments, in which a natural vent location varied from 1 m, 2 m and 3 m from the fire source symmetrically, were conducted in order to evaluate the effect of the position of ventilation systems on smoke movement. In case of a poo1 whose diameter is 4.36 cm, the temperature of smoke layer passed through the vent was maintained 7~$8^{\circ}c$ less than that of smoke layer without a vent. In case of a pool whose diameter is 5.23 cm, the average velocity passed through the vent was decreased when it was close to the fire source. And the maximum delay time was 3.86s. In CASE 1, the ceiling temperature was decreased by approximately 8$^{\circ}C$ and the vertical temperature was decreased by approximately $7^{\circ}c$. In CASE 2, both ceiling and vertical temperature wert decreased by $3^{\circ}c$ and in CASE 3, they were decreased by $2^{\circ}c$ each. It was confirmed that the thickness of smoke layer was maintained uniformly under the 25% height of tunnel through the visualized smoke flow by a laser sheet and the digital camcoder.

• Journal of Korean Society of Steel Construction
• /
• v.18 no.6
• /
• pp.793-804
• /
• 2006

Various PSC and steel-concrete composite railway bridges are being developed for short-medium spans with structural and economic efficiency. According to the design concept, the prestressed composite girder bridge has the advantages of being lightweight and having low girder depth, with the capacity for long spans. However, the dynamic behavior under a passing train is one of the critical issues concerning these railway bridges designed with more flexibility. Therefore, it is very important to evaluate the modal parameters before performing dynamic analyses. In this paper, real-scale prestressed composite girders were fabricated as a test model and modal testing was carried out to evaluate modal parameters including natural frequency and modal damping ratio. During the modal testing, a digitally controlled vibration exciter as well as an impact hammer was applied to obtain frequency-response functions, and the modal parameters were also evaluated after the fracture of test models. With application of reliable properties from modal tests, the estimation of dynamic performances of prestressed composite girder railway bridges can be obtained from various parametric studies on dynamic behavior under the passage of a moving train.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.8 no.4
• /
• pp.881-893
• /
• 2007

IT(Information Technology)-based industries have caused a recent digital revolution and the appearance of various types' information service, being largely expanded toward info-communication device company, info-communication service company, software company etc.. Therefore, the needs to evaluate the company value of IT business for M&A or liquidation are growing tremendously. Unlike other industries, however, IT industry has a short lift cycle and so it doesn't have not only a company value-evaluating model for general businesses but the objective one for IT companies yet. So, this thesis analyzes various value-evaluating technique and newly rising ROV. DCF, the change method of company's cash flow including tangible assets into future value, had been applied during the past industrialization economy era and has been persuasively applied to the present. However, the DCF valuation has no option but to make many mistakes because IT companies have more intangible assets than tangible assets. Accordingly, it is ROV, recognized as the new method of evaluating companies' various options normally and quantitatively, that is brought up recently. But the evaluation on the companies' various options is too subjective and theoretical up to now and due to the lack of objective ground and options, it's not possible to be applied to reality. In this thesis, it is found that ROV is more accurate than DCF, comparing DCF and ROV through four examples. As the options applied to ROV are excessively limited, we tried to develop ROV into a new method by deriving five invisible value factors within IT companies. Therefore, on this occasion, we should set up the basic valuation methods on IT companies and should research and develop an effective and various valuation methods suitable to each company like an internet-based company, a S/W developing enterprise, a network-related company among IT companies.