• Journal of Korea Water Resources Association
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• v.33 no.6
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• pp.689-699
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• 2000

This paper presents the integrated storage function model (ISFM) to improve the accuracy of the storage function model (SFM) which is widely employed for flood runoff analysis and its forecasting in Korea. In order to achieve this objective, the optimization method is applied for estimation of parameters of the model which dominate the accuracy of the analysis, which is usually taken by empirical formulae, and they are treated as time dependent variables. The fuzzy control technique is used to detennine the time variant parameters. In addition, the ISFM can be applied to the combined routing of the watershed and the channel with a residual watershed.ershed.

• The Korean Journal of Applied Statistics
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• v.23 no.1
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• pp.49-61
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• 2010

The time series dependencies of Financial volatility are frequently measured by the autocorrelation function of power-transformed absolute returns. It is known as the Taylor property that the autocorrelations of the absolute returns are larger than those of the squared returns. Hass (2009) developed a simple method for detecting the Taylor property in absolute-value-GAROH(1,1) (AVGAROH(1,1)) model. In this article, we fitted AVGAROH(1,1) model for various Korean financial time series and observed the Taylor property.

• KDI Journal of Economic Policy
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• v.36 no.3
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• pp.1-23
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• 2014

This paper has studied the monetary policy in Korea with a time varying VAR model using four key macroeconomic variables. First, inclusion of the exchange rate was a crucial factor in evaluating Korean monetary policy since the monetary policy demonstrated sensitivity to exchange rate movements during the crisis periods of both the Asian financial crisis of 1997 and the global financial crisis of 2008. Second, a specification of the stochastic volatilities in TVP-VAR model is important in explaining excessive movements of all variables in the sample. The overall moderation of variables in 2000s was more or less due to a reduction of the stochastic volatilities but also somewhat due to the macroeconomic fundamental structures captured by impulse response functons. Third, the degree of the monetary policy effectiveness of inflation was mitigated in recent periods but with increased persistence. Lastly, the monetary policy stance towards inflation stabilization has advanced ever since the inflation targeting scheme was adopted. However, there still seems to be a room for improvement in this aspect since the degree of the monetary policy stance towards inflation stabilization was relatively weaker than to output stabilization.

• Korean Journal of Agricultural and Forest Meteorology
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• v.10 no.2
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• pp.35-46
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• 2008

Soil moisture is one of the important components in hydrological processes and also controls the subsurface flow mechanism at a hillslope scale. In this study, time series of soil moisture were measured at a hillslope located in Gwangneung National Arboretum, Korea using a multiplex Time Domain Reflectometry(TDR) system measuring soil moisture with bi-hour interval. The Box-Jenkins transfer function and noise model was used to estimate spatial distributions of soil moisture histories between May and September, 2007. Rainfall was used as an input parameter and soil moisture at 10 cm depth was used as an output parameter in the model. The modeling process consisted of a series of procedures(e.g., data pretreatment, model identification, parameter estimation, and diagnostic checking of selected models), and the relationship between soil moisture and rainfall was assessed. The results indicated that the patterns of soil moisture at different locations and slopes along the hillslope were similar with those of rainfall during the measurment period. However, the spatial distribution of soil moisture was not associated with the slope of the monitored location. This implies that the variability of the soil moisture was determined more by rainfall than by the slope of the site. Due to the influence of vegetation activity on soil moisture flow in spring, the soil moisture prediction in spring showed higher variability and complexity than that in early autumn did. This indicates that vegetation activity is an important factor explaining the patterns of soil moisture for an upland forested hillslope.

• Journal of the Korean Data and Information Science Society
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• v.21 no.5
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• pp.831-839
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• 2010

Least squares support vector machine (LS-SVM) is a kernel trick gaining a lot of popularities in the regression and classification problems. We use LS-SVM to propose a iterative algorithm for a nonlinear generalized autoregressive conditional heteroscedasticity model in the mean (GARCH-M) model to estimate the mean and the conditional volatility of stock market returns. The proposed method combines a weighted LS-SVM for the mean and unweighted LS-SVM for the conditional volatility. In this paper, we show that nonlinear GARCH-M models have a higher performance than the linear GARCH model and the linear GARCH-M model via real data estimations.

• Journal of Energy Engineering
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• v.22 no.1
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• pp.1-7
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• 2013

This paper attempts to estimate the residential electricity demand function, using survey data of 521 households in Korea. As the residential electricity demand function provides us information on the pattern of consumer's electricity consumption, it can be usefully utilized in predicting the impact of policy variables such as electricity price and forecasting electricity demands. We apply least absolute deviation(LAD) estimation as a robust approach to estimating parameters. The results showed that price and income elasticities are -0.68 and 0.14 respectively, and statistically significant at the 10% levels. The price and income elasticities portray that residential electricity is price- and income-inelastic. This implies that the residential electricity is indispensable goods to human-being's life, thus the residential electricity demand would not be promptly adjusted to responding to price and/or income change.

• Environmental and Resource Economics Review
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• v.15 no.4
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• pp.673-692
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• 2006

In order to test for the dynamic optimality condition for the use of nonrenewable resource, it is necessary to estimate the shadow value of the resource in situ. In the previous literatures, a time series for in situ price has been derived either as the difference between marginal revenue and marginal cost or by differentiating with respect to the quantity of ore extracted the restricted cost function in which the quantity of ore is quasi-fixed. However, not only inconsistent estimates are likely to be generated due to the nonmalleability of capital, but the estimate of marginal revenue will be affected by market power. Since firms will likely fail to minimize the cost of the reproducible inputs subject to market prices under realistic circumstances where imperfect factor markets, strikes, or government regulations are present, the shadow in situ values obtained by estimating the restricted cost function can be biased. This paper provides a valid methodology for checking the dynamic optimality condition for a nonrenewable resource by using the input distance function. Our methodology has some advantages over previous ones: only data on quantities of inputs and outputs are required; nor is the maintained hypothesis of cost minimization required; adoption of linear programming enables us to circumvent autocorrelated errors problem caused by use of time series or panel data. The dynamic optimality condition for domestic coal mining does not hold for constant discount rates ranging from 2 to 20 percent over the period 1970~1993. The dynamic optimality condition also does not hold for variable rates ranging from fourth to four times the real interest rate.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.21 no.5
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• pp.413-419
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• 2008

Deterministic design optimization (DO) does not explicitly deal with a variety of factors from inherent randomness and uncertainties. Reliability based design optimization(RBDO) is necessary to use in engineering systems in order to guarantee quality and performance of product. In this paper, design variables are considered as random variables. Standard deviation according to change of design variables have changed as much as coefficient of variation. And, if the standard deviation is error of manufacturing, standard deviation-mean relation is concave form. We obtain reliability index using advanced first order second moment method(AFOSM). This paper is examined by solving two examples and the results are compares with DO, RBDO and suggested RBDO.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.12 no.4_1
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• pp.129-136
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• 1992

A precedure for recovering surface displacement from a time series of pressure measured by a pressure gage in a shallow water (that is, FFTM, LCM. IWM) is investigated with respect to a proper cut-off-frequency of a frequency response function for the accurate recovery of wave height and period. The authors examined the applicability of above mentioned three transformation procedures through field observations and laboratory experiments and the following results are obtained. i) The cut-off-frequency of the frequency response function used in FFTM is deeply depend on both the frequency response of the pressure sensor and the water depth at the sensor. In this study, a relatively accurate surface displacement can be recovered when the frequency response function is cut off at the frequency corresponding to kh=3.0 where k is a wave number at the depth of h. The frequency response function in the region higher than the cut-off-frequency is set constant to be the value at the cut-off-frequency. ii) The transformed surface displacements by LCM are affected by the small waves of short periods included in the measured pressure. It is found that pressure variation whose local frequency is higher than kh=1.5 has to be neglected to recover surface displacement sufficiently. iii) In IWM, the linear pressure response function is usually utilized by multiplying a coefficient N which is a function of the frequency (or kh) and takes a value around unity. However, in this study, a constant value of N(=1.0) gives a relatively accurate recovery of surface displacements.

• Journal of Soil and Groundwater Environment
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• v.13 no.1
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• pp.67-76
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• 2008

In this study, a combined model of a water-table fluctuation and a soil moisture content model is proposed for the estimation of groundwater recharge rate at a given location. To evaluate the model, groundwater level data from 4 monitoring wells (Pohang Yeonil, Pohang Kibuk, Suncheon Oeseo, Hongcheon Hongcheon) of National Groundwater Monitoring Network from 1996 to 2005 and precipitation data of corresponding years are used. From the proposed methodology, the groundwater recharge rates are estimated to be from 0.5 to 61.4% for Hongcheon Hongcheon, from 1.1 to 27.4% for Pohang Yeonil, from 5.1 to 41.4% for Pohang Kibuk, and from 1.1 to 8.3% for Suncheon Oeseo. The magnitude of variation of the estimated recharge rate depends on the soil type observed near the stations. The groundwater fluctuation model used in this study includes precipitation as a unique source of water-table perturbation and there may exist corollary limitations. To improve the applicability of the proposed method, a capillary-water content constitutive model for unsaturated fractured rock media may be considered. The proposed recharge rate delineation method is physically based and uses minimum numbers of assumptions. The method may be used as a better substitute for the previous tools for delineating recharge rate of a location using water-table fluctuation method and contribute to national groundwater management plan. Further research on the spatial interpolation of the method is under progress.