• The Korean Journal of Financial Management
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• v.15 no.1
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• pp.263-297
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• 1998

본 연구의 목적은 일괄매매와 접속매매에서의 주가변동의 행태를 이론적으로 구명하고, 이를 바탕으로 우리나라 종합주가지수를 이용하여 일중 주가지수수익률분산을 구하여 두 제도를 실증적으로 비교분석하는 데 있다. 정보거래자와 무정보거래자가 증권시장에 참여한다는 전제하에 일괄매매와 접속매매의 주가변동성을 유도하고, 양제도에서의 주가변동성을 이론적으로 비교 분석한 결과, 시점간 정보 거래자비율이나 혹은 거래자수가 일정할 경우, 접속매매의 가격변동성이 일괄매매의 가격변동성 보다 큰 것으로 분석된다. 그러나 매 시점마다 정보거래자비율과 거래자수가 일정하지 않을 경우에는 일괄매매의 주가변동성이 접속매매의 주가변동성 보다 더 큰 경우도 발생하지만, 시점1의 거래자비율이 $20%{\sim}80%$ 사이에서 변동할 경우에는 역시 접속매매가 일괄매매보다 주가변동성이 더 클 가능성은 크게 높아진다. 이 같은 이론연구를 바탕으로 노이즈제거전 10분간격 주가지수수익률분산을 살펴본 결과, 9시 41분이 가장 크고 폐장동시호가가 가장 작은 것으로 분석되었으며, 또한 전장에서는 작아지는 경향을 보이고 후장에서는 폭 넓은 U자 형태를 갖는 것으로 나타난다. 그리고 동시호가의 주가지수수익률분산은 개장동시호가가 가장 크고, 후장개장동시호가가 그 다음이며, 가장작은 것은 폐장동시호가인 것으로 분석된다. 폐장동시호가와 후장개장동시호가의 주가지수수익률분산이 대부분의 접속매매보다는 작으나, 노이즈제거후 주가지수수익률분산은 전장개장동시호가가 노이즈제거전과 마찬가지로 가장 컸지만, 폐장동시호가는 전장접속매매와 후장개시동시호가 보다 더 크게 나타났다. 이와 같이 전장개장동시호가의 주가지수수익률분산이 높은 것은 전일 15시부터 당일 9시 31분까지를 대상으로 주가지수수익률이 계산되어진 것과 긴 비거래시간 때문으로 해석할 수 있다. 그리고 폐장동시호가의 주가지수수익률분산이 접속매매 보다 큰 것은 본 연구모형에서 말하는 정보분산이 시점간에 같지 않고 폐장동시호가의 정보분산이 큰 데서 그 원인을 찾을 수 있다. 현재 우리나라에서는 매매제도가 주가변동에 미치는 영향에 대한 이론적 실증적 연구가 미진하고, 이에 대한 관심이 비교적 적다. 따라서 본 연구는 매매제도에 따른 주가변동성의 행태 뿐만 아니라 정보변동의 분산, 정보거래자의 정보해석노이즈, 무정보거래자의 유동성노이즈 등이 주가변동성에 미치는 영향에 대한 이해의 폭을 넓혀 줌으로써 증권시장의 효율성제고에 기여할 수 있을 것으로 기대된다.

• Environmental and Resource Economics Review
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• v.23 no.1
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• pp.1-19
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• 2014

Weather seems to influence industries in a variety of ways. On a day-to-day basis, it is the most volatile external factor influencing consumer and market behavior. And, because weather is constantly changing, industries must deal with a continuously shifting array of opportunities and risks. This study aims to examine how climate and weather changes and information, as external environmental factors, have affected the Korean industries, particularly marine shipping and logistics. To find out the economic value of marine weather information, we use measurable results of VVOS(Vessel and Voyage Optimization Services) in the ocean shipping, which the marine weather software tool can save fuel costs up to 4%. When the fuel saving is same as VVOS's performance, the saving of Korean flag ship is estimated about 62 billion won and the saving of total flag ship is estimated about 519 billion won. However, coastal shipping companies have been struggling with the heavy weather factors, such as wave height, wave period and wind. Major findings are that wind and wave height have a significant negative effect on cargo transport, while wave period has a significant positive effect on cargo transport. And to conclude, when we use efficiently the marine weather information, we can increase cargo transport and save fuel costs etc.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.27 no.5
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• pp.315-323
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• 2015

Damage level of coastal structures has been scaled up according to increase of wave height and duration of the storm due to the abnormal global climate change. So, the design criteria for new breakwaters is being intensified and structural strengthening is also conducted for the existing breakwaters. Recently, interlocking concept has been much attention to enhance the structural stability of the conventional caisson structure designed individually to resist waves. The interlocking caisson breakwater may be survival even if unusual high wave occurs because the maximum wave force may be reduced by phase lags among the wave forces acting on each caisson. In this study, the dispersion characteristics of wave forces using interlocking system that connect the upper part of caisson with cable in the normal direction of breakwater was investigated. A simplified linear model was developed for computational efficiency, in which the foundation and connection cables were modelled as linear springs, and caisson structures were assumed to be rigid. From numerical experiments, it can be found that the higher wave forces are transmitted through the cable as the angle of incident wave is larger, and the larger the stiffness of the interlocking cable makes larger wave dispersion effect.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.24 no.3
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• pp.189-202
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• 2012

An Oscillating Water Column (OWC) wave generation system uses the air flow induced by the vertical motion of water column in the air chamber as a driving force of turbine. It is well known that OWC is one of the most efficient devices to harness wave power. This study estimated the air flow velocity from the time variation of the water level fluctuation in the air chamber under regular wave conditions using 3-dimensional numerical irregular wave tank (3D-NIT) model that can simulate the 3-dimensional irregular wave field. The applicability of the 3D-NIT model was validated by comparing numerically predicted air flow velocities with hydraulic experimental results. In addition, the characteristics of air flow frequency spectrum variation due to the incident frequency spectrum change, and the variations of frequency spectrum and wave reflection due to the existence of converter inside the air chamber were discussed. It is found that the phase difference exists in between the air flow velocity and the water level fluctuation inside the air chamber, and the peak frequency of the spectrum in water level fluctuation is amplified by the resonance in the air chamber.

• Journal of the Korean Association of Geographic Information Studies
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• v.16 no.1
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• pp.67-79
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• 2013

For the sake of the Transit-Oriented Development that has been prominent recently, an analysis of the spatial structures of transit centers, above all, should be carried out at a local level. This study, thus, analyzes the spatial structures of subway influence areas by applying a Geographically Weighted Regression (GWR) model to individual parcels. As a result of the validity analysis of the model, it has turned out that the subway influence areas have different characteristics respectively, and there is spatial heterogeneity even in the same single area. Also, the result of the comparison among models has proved that the GWR model is more adequate than the Ordinary Least Square (OLS) model and $R^2$ has been also increased in the GWR model. Then, the results have been mapped by means of the GIS, which have made it possible to understand the spatial structures at a local level. If the Transit-Oriented Development is fulfilled in consideration of the spatial structural characteristics of the subway influence areas drawn respectively from the model analysis, it will be helpful in adopting effective policies.

• Journal of The Korean Society of Grassland and Forage Science
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• v.32 no.2
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• pp.175-184
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• 2012

In the present study, the effects of feeding different forage sources on the growth performance, meat production and meat quality of Hanwoo steers were evaluated using meta-analysis. In total 5 studies that were performed and published in the domestic journals in Korea were employed for the analysis. The results from nutritionally better quality roughage-based steers and rice straw-based steers in each study were assigned as a treatment and a control, respectively, and the mean difference between the treatment and the control was used for the evaluation of effect size. The summary effect was calculated using random effect model. As results, in growth performance, positive effects were found in feed intake, daily weight gain, final body weight and feed efficiency. The significant effect was found only in daily weight gain (p<0.05). In meat production, carcass weight, Longissimus dorsi area, yield index showed positive effect and negative effect was detected in back fat thickness. The significant effect in meat production was found in carcass weight and Longissimus dorsi area (p<0.05). In meat quality, positive effects were represented in marbling score and fat color. Meat color showed little effect. The significance for effects was not observed in the analysis of meat quality. In conclusion, feeding good quality forages to ruminants plays an important role in Korean beef cattle industry and hence further researches are necessary to improve the efficiency of forage utilization in Hanwoo cattle.

• Applied Biological Chemistry
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• v.43 no.2
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• pp.116-123
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• 2000

A numerical model of three-dimensional soil water distribution for drip irrigation management under cropped conditions was developed using Richards equation in Cartesian coordinates. The model accounts for both seasonal and diurnal changes in evaporation and transpiration, and the growth of plant root and the shape of root zone. Solutions were numerically approximated using the Crank-Nicolson implicit finite difference technique on the block-centered grid system and the Gauss-Seidel elimination in tandem. The model was tested under several conditions to allow the flow rates and configurations of drip emitters vary. In general, simulation results agreed well with experimental results and were as follows. The velocity of soil-water flow decreased drastically with distance from the drip source, and the rate of expansion of the wetted zone decreased rapidly during irrigation. The wetting front of wetted zone from a surface drip emitter traveled farther in vertical direction than in horizontal direction. Under this experimental weather condition, water use efficiency of a drip-irrigated apple field was greatest for 4-drip-emitter system buried at 25 cm, resulting from 10% increase in transpiration but 20% reduction in soil evaporation compared to those for surface 1-drip emitter system. Soil moisture retention curve obtained using disk tension infiltrometer showed significant difference from the curve obtained with pressure plate extractor.

• Journal of Technology Innovation
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• v.26 no.1
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• pp.1-30
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• 2018

This study examines the major changes of research about science and technology administrative system and innovation governance, and suggests future direction through critical review. The subjects of the analysis are papers of such as Korean Public Administration Review, Journal of Technology Innovation and policy reports and government documents published by national research institutes. As a result of the analysis, the research itself has evolved from the part of the government organization to the unique field and main focused historical, normative, comparative analysis and institutional approach. In addition, coordination and integration of science and technology policies have been regarded as important issues in research, and innovation system (NIS) and governance perspectives have begun to be reflected in research. However, it reveals some issues such as small government theory vs big government theory, governance theory vs control tower theory, and shows limitations in problem definition and solution inconsistency, and lack of grand and detailed discourse. Future challenges include the pursuit of evolutionary rationality, the pursuit of diversity in multidimensional research and methods, development of korean policy theory and securing universality.

• Journal of Korea Water Resources Association
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• v.37 no.3
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• pp.195-206
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• 2004

One of the main factors which reduces the efficiency of a sewage treatment plant is the Inflow/Infiltration(Ⅰ/Ⅰ) in the sewer First we must calculate the quantity of Ⅰ/Ⅰ via the investigation of each sewer to establish the reduction plan of Ⅰ/Ⅰ. However, in Korea, we apply the results of a surveyed sample to the entire study area to establish the reduction plan of Ⅰ/Ⅰ. This methodology just considers the total Ⅰ/Ⅰ for the entire study area but it does not consider the quantity of Ⅰ/Ⅰ for the individual sewer systems. Therefore, we may need the model to consider the Ⅰ/Ⅰ in the individual sewer systems and we develop the model to calculate the Ⅰ/Ⅰ that happen in urban sewer systems. We estimate the Ⅰ/Ⅰ of individual systems by the developed model and the estimated Ⅰ/Ⅰ are utilized as the basic data for the establishment of Ⅰ/Ⅰ reduction plan. The observed Ⅰ/Ⅰ for the entire study area is distributed into the individual sewer systems according to their defect states. Here, the weights of defect elements are calculated using AHP(Analytic Hierarchy Process) and we perform the uncertainty analysis for considering the errors using MCS(Monte Carlo Simulation).

• Journal of Korea Water Resources Association
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• v.49 no.8
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• pp.673-683
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• 2016

An Idea to estimate flexible criteria for river water use permits was proposed that takes the spatio-temporal flow variation along the river into account, which was applied to the Keumho River, one of the tributary of the Nakdong River in Korea. This idea implies the temporal division of four periods with different criteria, combining flood/non-flood seasons and irrigation/non-irrigation periods, while a single one has been applied throughout the year in the current practice. Through flow regime analysis of daily natural flow simulations at Dongchon and Seongseo, the control points of the study area, Q355 and 1Q10 for non-flood and non-irrigation period, Q275 for non-flood and irrigation period, Q185 for flood and irrigation period were suggested respectively. So, those values that subtract instream flow were determined as the flexible criteria in each season. From the comparison of current practice and the proposed method, it was estimated that $10.6\;million\;m^3/year$ is available for more water use permits without additional development of water storage. Therefore, it is conceived that flexible criteria for river water use permission suggested in this study can contribute to improve the national policies for more efficient water resources management in the future.