• The Korean Journal of Financial Management
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• v.20 no.1
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• pp.125-162
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• 2003

This paper investigates the short- and long- run relationship among Korean, U.S. and Japanese construction indices. We conducted the Johansen's cointegration tests on the hypotheses that the construction indices of three countries we related in the long-run as well as in the short-run. The test results show that there exists no long-run relationship among three countrie's construction indices. In addition, the cointegrating relation did not exist for three countrie's stock market indices and five major Korean construction firms. It fumed out that the U.S. indices Granger-causes Japanese and Korean indices. This finding implies that there may exist international diversification benefit through forming a portfolio from these indices.

• Journal of Korea Port Economic Association
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• v.32 no.2
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• pp.59-71
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• 2016

This study empirically examines the dynamic specification of the ship price model based on a vector autoregressive model and data covering from January 2000 to October 2014. Our results are summarized as follows: first, the relationship between ship price and interest rate shows significantly negative and the relationship between ship price and freight rate shows positive. It provides consistent implication that ship price depends on interest rate and freight rate under the dynamic Gordon model. Second, we apply an impulse response analysis to ship price and find the responses of the ship price from both factors, interest rate and freight rate, which affect during seven periods approximately. Finally, the results of a variance decomposition indicate that freight rate is more important than interest rate on the ship price.

• Journal of the Institute of Convergence Signal Processing
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• v.11 no.4
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• pp.270-277
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• 2010

The BAMS filter is a kind of wavelet shrinkage filter based on the Bayes estimators with no simulation, therefore it can be used for a real time filter. The denoising efficiency of BAMS filter is seriously affected by the estimated noise variance in each wavelet band. To remove noise in signals in existing BAMS filter, the noise variance is estimated by using the quartile of the finest level of details in the wavelet decomposition, and with this variance, the noise of the level is removed. In this paper, to remove the image noise includingodified quartile of the level of detail is proposed. And by these techniques, the image noises of mid and high frequency bands are removed, and the results showed that the increased PSNR of ab the midband noise, the noise variance estimation method using the monotonic transform and the mout 2[dB] and the effectiveness in denosing of low noise deviation images.

• Journal of Digital Convergence
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• v.17 no.1
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• pp.55-62
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• 2019

This study analyzed the relationship between housing price, purchase price, Gini coefficient, interest rate, and the employment, considering that the change in housing price was an important factor influencing macroeconomic variables and income inequality. The panel VAR model was constructed considering the panel data, and the Granger causality, Impulse response and Variance dispersion analysis were performed. As a result, when compared to before and after the global financial crisis, it was shown that the rent price had an effect on income inequality, but in the following period, both the rent price and the selling price affected the income inequality. And that it has a large impact on inequality. In addition, the causality between income inequality and employment rate, interest rate, and tax rate was confirmed. Therefore, it is expected that it will be a desirable policy to mitigate income inequality considering the influence of policy variables for economic activation including government real estate policy.

• Journal of the Institute of Electronics Engineers of Korea CI
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• v.44 no.3
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• pp.90-97
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• 2007

For a highly reliable fingerprint recognition system, the precise and accurate feature extraction is indispensable. In this paper, We propose a highly efficient crease extraction method, which can improve the accuracy of feature extraction within the fingerprint image. The proposed method applies the 1-dimensional directional slit for each pixel in fingerprint image. And then it calculates the average grey level and variance to determine whether the current pixel composes the crease, and estimates the direction of crease. Once the direction of every pixel in crease candidate area is estimated, it is decomposed into 8 different images depending on their direction. From the 8 directional images, the crease clusters are estimated by utilizing the property of crease area. The proposed method finally extracts the crease from the crease clusters estimated from directional images. In conclusion, the proposed method highly improved the accuracy of overall feature extraction by accurate and precise extraction of the crease from fingerprint image.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.36 no.10
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• pp.1109-1114
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• 2012

The performance of a system can be affected by various variables such as manufacturing tolerances, uncertainties of material properties, and environmental factors acting on the system. Robust design optimization has attracted much attention in the design of products because it can find the best design solution that minimizes the variance of the response while considering the distribution of the variables. However, the computational cost and accuracy of optimization have thus far been a challenging problem. In this study, robust design optimization using the multiplicative decomposition method is proposed in order to solve these problems. Because the proposed method calculates the mean and variance of the system directly from the kriging metamodel using the multiplicative decomposition method, it can be used to search for a robust optimum design accurately and efficiently. Several mathematical and engineering examples are used to demonstrate the feasibility of the proposed method.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.4
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• pp.1651-1664
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• 2013

Precise analysis on deterioration processes of road pavements is not so simple matter due to severe uncertainty originated from a lot of explanatory variables engaged in. For those reasons, most analytical models for pavement deterioration prediction have often preferred to probabilistic approaches than deterministic models. However, the general probabilistic approaches that treat overall characteristics of population or entire sample would not be suitable for providing detail or localized information on their changing process. Considering the aspects, this paper aimed to suggest a stochastic disaggregation method to analyze the localized deterioration speeds and its variances changed by time and condition states. In addition, life expectancies and their uncertainty were estimated by probabilistic algorithm using the disaggregated stochastic process. For an empirical study, pavement inspection data (crack) accumulated from 2003 to 2010 from Korean national highway network was applied. This study can contribute to securing reliability of life cycle cost analysis, which is one of the primary analyses in road asset management, with much advanced deterioration forecasting functions. In addition, it would be meaningful trials as fundamental research for preventive maintenance strategy that demands essential understanding on changing process of the deterioration speed of pavement.

• Geophysics and Geophysical Exploration
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• v.8 no.2
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• pp.129-136
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• 2005

The damped least-squares inversion has become a most popular method in finding the solution in geophysical problems. Generally, the least-squares inversion is to minimize the object function which consists of data misfits and model constraints. Although both the data misfit and the model constraint take an important part in the least-squares inversion, most of the studies are concentrated on what kind of model constraint is imposed and how to select an optimum regularization parameter. Despite that each datum is recommended to be weighted according to its uncertainty or error in the data acquisition, the uncertainty is usually not available. Thus, the data weighting matrix is inevitably regarded as the identity matrix in the inversion. We present a new inversion scheme, in which the data weighting matrix is automatically obtained from the analysis of the data resolution matrix and its spread function. This approach, named 'extended active constraint balancing (EACB)', assigns a great weighting on the datum having a high resolution and vice versa. We demonstrate that by applying EACB to a two-dimensional resistivity tomography problem, the EACB approach helps to enhance both the resolution and the stability of the inversion process.

• Polymer(Korea)
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• v.36 no.5
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• pp.643-650
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• 2012

In order to improve the thermal stability of polyurethane, we synthesized poly(adipate urethane) (PAU) and three PAU composites, PAU/30B (2.7 wt% 30B), PAU/MP (2.2 wt% MP), PAU/30B/MP (2.2 wt% 30B and 2.2 wt% MP), from poly(oxydiethylene adipate)-diol (PAD), 4,4'-methylene diphenyl diisocyanate (MDI), Cloisite 30B (30B), and melamine phosphate (MP). 30B and MP were introduced into the reactant mixture at the initial stage of the esterification between adipic acid and diethylene glycol, so 30B and MP were evenly dispersed in the PAU composites for long period. At temperatures lower than $250^{\circ}C$, the PAU composites were degraded faster than pristine PAU, mainly due to the decomposition of 30B and MP. At higher temperatures, the 30B and MP enhanced the thermal stability of the PAU composites. Compared with the pristine PAU, the thermal decomposition rates of the PAU composites decreased by 13~17%. In air, the residual weights of PAU/30B, PAU/MP, and PAU/30B/MP were 2.4, 2.3, and 7.3 wt% at $700^{\circ}C$, respectively.

• Journal of the Korean Applied Science and Technology
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• v.34 no.4
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• pp.892-898
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• 2017

In this study, the basic properties of recoverable gaseous and solid materials were investigated from heavy oil contained in the resources. The basic characteristics of pyrolysis reaction for the conversion of bituminous oil to pyrolysis various temperature were investigated. The characteristics of gas and solid phase byproducts were also investigated with a laboratory scale fixed bed reactor according to various reaction temperature. As a result, it was confirmed that the oil yield was about 17% at $550^{\circ}C$ and $CH_4$, $CaCO_3$ and CaO could be recovered as by-products.