• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.11
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• pp.66-79
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• 2016

A discussion has recently emerged over the increase of approvals of K-REITs, which is concluded on the basis of how to raise funds for business activity, fulfill the expected rate of return and maximize the management of managing investment funds. In addition, corporations need to acknowledge the necessity of the capital structure reflected in the current economic environment and decision-making processes. This research analyzed the characteristics by investment types and influence factors about the debt ratio of K-REITs. The data were collected from general management about business state, investment, and finance from 2002 to 2015 in K-REITs (except for the GFC period of 2007~2009). The results of the research demonstrated the high ratios of the largest shareholder characteristics, which are corporation, pension funds, mutual funds, banks, securities, insurance, and, recently, the increasing ratio of the largest shareholder and major stockholder. The investment of K-REITs is increasing the role of institutional investors that take a leading development of K-REITs. The behaviors of simultaneous investment of institutional investors were analyzed to show that they received higher interest rates than other financial institutions and ran in parallel with attraction and compensation. The results of the multiple regressions analysis, utilizing variables about debt ratio were as follows. The debt ratio showed a negative (-) relation that profitability is increasing, which matches the pecking order theory and trade off theory. On the other hand, investment opportunities (growth potential) showed a negative (-) relation and assets scale that indicated a positive (+) relation. The research results are reflected as follows. K-REITs focused on private equity REITs more than public offering REITs, and in the case of financing the capital of others, loan capital is operated under the guarantee of tangible assets (most of real estate) more than financing of the stock market. Further, after the GFC, the capital of others was actively utilized in K-REITs business, and the debt ratio showed that the determinant factors by the ratio and characteristics of the largest shareholder and investment products.

• Journal of Aerospace System Engineering
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• v.13 no.1
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• pp.18-28
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• 2019

High speed vehicles are subjected to high thermal loadings due to aerodynamic heating during ascent and reentry. Since a thermal protection system panel is mechanically constrained, it may cause thermal buckling under excessive thermal loadings. The thermal buckling could disturb the field of flow and make aerodynamic characteristics unstable. It is thus necessary to design the thermal protection system panel to prevent thermal buckling. This study defines the analytical model of temperature distribution using the finite difference method for the thermal protection system panel with large temperature differences inside and outside. This paper proposes the approximate model of the thermal buckling characteristics for the thermal protection system panel through the use of the Ritz method. The validity of the present method was verified by comparing the results of the finite element analysis. Furthermore, this research performs the parametric analysis of the thermal buckling characteristics for the thermal protection system panel by using the approximate model.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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• 2012.10a
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• pp.723-724
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• 2012

• Journal of Aerospace System Engineering
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• v.12 no.6
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• pp.50-57
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• 2018

This paper proposes the use of supports as passive vibration absorber to a composite solar panel for a high-agility satellite. We further defined the dynamic model of the composite solar panel with the help of the Ritz method and verified vibration suppression performance of the support by performing vibration analysis. Finally, this research ensures optimal design of the composite solar panel with the support for maximizing vibration suppression performance in limited mass. The proposed results of the optimal design can be applied in actual structural design of satellites.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.16 no.2
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• pp.197-206
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• 2003

A three-dimensional (3-D) method of analysis is presented for determining the free vibration frequencies and mode shapes of solid and hollow hemispherical shells of revolution of arbitrary wall thickness having arbitrary constraints on their boundaries. Unlike conventional shell theories, which are mathematically two-dimensional (2-D), the present method is based upon the 3-D dynamic equations of elasticity. Displacement components μ/sub Φ/, μ/sub z/, and μ/sub θ/ in the meridional, normal, and circumferential directions, respectively, are taken to be sinusoidal in time, periodic in θ, and algebraic polynomials in the Φ and z directions. Potential (strain) and kinetic energies of the hemispherical shells are formulated, and the Ritz method is used to solve the eigenvalue problem, thus yielding upper bound values of the frequencies obtained by minimizing the frequencies. As the degree of the polynomials is increased, frequencies converge to the exact values. Novel numerical results are presented for solid and hollow hemispheres with linear thickness variation. The effect on frequencies of a small axial conical hole is also discussed. Comparisons are made for the frequencies of completely free, thick hemispherical shells with uniform thickness from the present 3-D Ritz solutions and other 3-D finite element ones.

• Proceedings of the KSME Conference
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• 2004.11a
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• pp.453-458
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• 2004

This study proposes a new two-level condensation scheme for the construction of a reduced system. In the first step, the candidate area is selected for the construction of the reduced system by energy estimation in element-level. In the second step, primary degrees of freedom are selected by sequential elimination from the candidate degrees of freedom linked to the selected elements. Numerical examples demonstrate that the proposed method saves the computational cost effectively and provides a reduced system which predicts the eigenvalues accurately. Moreover, the well-constructed reduced system can present the reliable behavior of the structure under arbitrary dynamic loads comparing to that of global system. Time integration in a reduced system can save the computing time remarkably. Through a few numerical examples, the efficiency and reliability of the proposed scheme are verified.

• Proceedings of the KSME Conference
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• 2008.11a
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• pp.967-972
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• 2008

This paper presents the free vibration analysis of a circular plate with a concentric square hole. The present problem deals with the numerical calculation of the natural frequencies and mode shapes of vibration of the structure by means of Independent Coordinate Coupling Method (ICCM). In this study, the boundary condition is the edge of the square hole is free and the outer circular plate is simply supported. Due to the geometric abnormality, this analysis does not permit an exact solution. Since the ICCM employs coordinate systems corresponding to each domain independently, the kinetic and potential energy expressions necessary for the Rayleigh-Ritz method can be easily obtained. Lastly, the kinematic relation is imposed. In this way, the eigenvalue problem can be easily set up. The numerical results show the efficacy of the ICCM and changes in natural frequencies and modes due to the square hole size.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.16 no.4
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• pp.419-429
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• 2003

A three-dimensional (3-D) method of analysis is presented for determining the free vibration frequencies of thick, hyperboloidal shells of revolution. Unlike conventional shell theories, which are mathematically two-dimensional (2-D), the present method is based upon the 3-D dynamic equations of elasticity. Displacement components u/sub r/, u/sub θ/, u/sub z/ in the radial, circumferential, and axial directions, respectively, we taken to be sinusoidal in time, periodic in θ, and algebraic polynomials in the r and z directions. Potential(strain) and kinetic energies of the hyperboloidal shells are formulated, and the Ritz method is used to solve the eigenvalue problem, thus yielding upper bound values of the frequencies by minimizing the frequencies. As the degree of the polynomials is increased, frequencies converge to the exact values. Convergence to four digit exactitude is demonstrated for the first five frequencies of the hyperboloidal shells of revolution. Numerical results are tabulated for eighteen configurations of completely free hyperboloidal shells of revolution having two different shell thickness ratios, three variant axis ratios, and three types of shell height ratios. Poisson's ratio (ν) is fixed at 0.3. Comparisons we made among the frequencies for these hyperboloidal shells and ones which ate cylindrical or nearly cylindrical( small meridional curvature. ) The method is applicable to thin hyperboloidal shells, as well as thick and very thick ones.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.17 no.2
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• pp.119-129
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• 2004

A three dimensional (3D) method of analysis is presented for determining the free vibration frequencies and mode shapes of thick, circular and annular plates with nonlinear thickness variation along the radial direction. Unlike conventional plate theories, which are mathematically two dimensional (2D), the present method is based upon the 3D dynamic equations of elasticity. Displacement components u/sub s/, u/sub z/, and u/sub θ/ in the radial, thickness, and circumferential directions, respectively, are taken to be sinusoidal in time, periodic in θ, and algebraic polynomials in the s and z directions. Potential (strain) and kinetic energies of the plates are formulated, and the Ritz method is used to solve the eigenvalue problem thus yielding upper bound values of the frequencies by minimizing the frequencies. As the degree of the polynomials is increased, frequencies converge to the exact values. Convergence to four digit exactitude is demonstrated for the first five frequencies of the plates. Numerical results we presented for completely free, annular and circular plates with uniform linear, and quadratic variations in thickness. Comparisons are also made between results obtained from the present 3D and previously published thin plate (2D) data.

• Journal of Power System Engineering
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• v.10 no.2
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• pp.54-61
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• 2006

In order to prevent the environmental pollution, the dryers are commonly used to treat sludge that one of sewages is polluting the quality of water. Generally, the drying method is various as to the property of material and use. Rotary dryer is a good apparatus to treat them. The rotary dryer is the way that is to make substance transmission and heating using hot air between sludge particles and heated gas. In this paper, we performed a numerical analysis of the inner air flow of the ANDRICH type dryer through the changing rotational speed from 3rpm to 10rpm. A PIV can be applied to research a inner flow of ANDRICH type dryer.