• Journal of Korea Water Resources Association
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• v.41 no.6
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• pp.629-641
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• 2008

Many studies on sustained droughts have often been limited to the analysis of historic flow series. A major disadvantage in this approach can be described as the lack of long historic flow records needed to obtain a significant number of drought events for the analysis. To overcome this difficulty, one of the present study idea is to use synthetically generated hydrologic series. A methodology is presented to develop flow series based on the probabilistic analysis of the stochastic properties of the observed flows. The method can be utilized to generate a flow series of desired length so as to include many multiyear drought events within the process. In this paper, a concept of creating multiyear drought scenarios is introduced, and its development procedure is illustrated by a case study of the water supply system in Han River Basin. Also, it was found that the generated flow series can be reliably used to predict the long drought duration and sustained drought hydrologic scenarios within a given return period.

• The Korean Journal of Financial Management
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• v.22 no.2
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• pp.91-105
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• 2005

Using Campa and Chang's Expectations Hypothesis model, We test the expectations hypothesis in the term structure of volatilities in options on KOSPI 200 by using daily dosing prices from January 1999 to December 2003. In particular, it addresses whether long-dated volatilities are consistent with expected future short-dated volatilities, assuming rational expectation. Our results do not support the expectations hypothesis : long-term volatilities rise relative to short-term volatilities, but the increases are not matched as predicted by the expectations hypothesis. In addition, an increase in the current long-term volatilities relative to the current short-term volatilities is followed by at a random.

• Journal of the Korea Concrete Institute
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• v.23 no.6
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• pp.817-826
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• 2011

Concrete using eco-cement has a problem with long-term strength development. However, currently, a long-term strength development mechanism is not confirmed, resulting in a lack of application of eco-cement in construction fields. In this study, the curing humidity influence on development in long-term strength of concrete using eco-cement and the relationship between strength and pore structure were examined. The results showed that wet cured eco-cement with a high water/cement ratio showed serious long-term strength reduction due to non-reduction of pore volume (pore size over 10 nm) in mortar caste with eco-cement. Also, the study results on improvement of long-term strength of eco-cement by partial replacement with ordinary portland cement and finely-ground fly ash showed that both of these alternatives improved long-term strength of concrete caste with eco-cement due to gradual refinement of their micro-structure.

• Journal of the Korea Society of Computer and Information
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• v.19 no.2
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• pp.221-231
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• 2014

TIn this paper, The need for a long-term sustainable Green IT strategy to pursue strategic partnerships and alliance was proposed. We made a research model to identify how social pressure, environmental orientation and environmental attractiveness affect into the Green IT strategy, and how Green IT strategy affects on Green IT company's environmental performance. In previous studies, the long-term persistence was used as the dependent variables, but in this paper it was used as a parameter variable. A survey of Green IT companies and a empirical analysis by statistical software package were conducted. It was verified that the mediating effect is between the social pressure, environmental orientation, environmental attractiveness and environmental performance by the long-term persistence.

• The Journal of the Petrological Society of Korea
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• v.16 no.2 s.48
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• pp.73-81
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• 2007

A basaltic tuff formation (Upper Basaltic Tuff of the Janggi Group) occurs in close association with basalt (Yeonil Basalt) at the Tertiary Janggi basin. The purpose of this paper is to describe the occurrence of the basaltic tuff and associated basalt and to determine their mode of formation. The basaltic rocks of the study area show few distinct lithofacies, all of which are originated from the interaction of basaltic magma with external water. The four lithofacies include (1) sideromelane shard hyaloclastite, (2) pillow breccia, (3) entablature-jointed basalt, and (4) in-situ breccia. The sideromelane shard hyaloclastite constitutes most of the Upper Basaltic Tuff and has a gradual contact with the pillow breccia. The pillow breccia consists of a poorly sorted mixture of isolated and broken pillows, and small basalt globules and fragments engulfed in a volcanic matrix of sideromelane shard hyaloclastite. The entablature-jointed basalt occurs as a small body within the hyaloclastite. It is characterized by irregularly-curved joints known as entablature. The in-situ breccia occurs as a marginal facies of entablature-jointed basalt, and its width varies from 10 to 30m. The result of this study indicates that the basaltic tuff and associated basalts of the study area were produced by the volcanic activity of same period and the basaltic tuff was formed by subaqueous eruption of basaltic lava followed by nonexplosive quench fragmentation.

• Proceedings of the Korea Water Resources Association Conference
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• 2012.05a
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• pp.975-975
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• 2012

최근까지 용수확보와 홍수예방, 하천환경관리 등의 목적으로 많은 댐이 건설되어 왔으며 이러한 댐 건설은 주변지역의 자연 및 사회 환경의 변화를 유발하게 된다. 이는 구체적으로 유출특성의 변화로 나타나며 유출특성의 변화는 수자원의 계획과 관리 측면에 상당한 영향을 끼친다. 따라서 정확한 장기유출량의 예측은 이수 측면에서 대단히 중요하며 이에 대한 신뢰성 있는 해석이 수행되어야 한다. 본 연구에서는 SWAT 모형을 이용하여 댐 건설에 따른 유역의 장기유출특성변화를 분석하였다. 충주댐 상류유역을 대상으로 분석기간을 댐 건설 전(1975~1985년)과 댐 건설 후(1986~1995년, 1996~2005년)로 나누어 적용하였고, 해당 관측소에서 제공하는 수문 기상자료와 지형자료를 이용하여 입력자료를 구축하였다. SWAT 입력 모형의 최적값을 결정하기 위해 유출총량 및 첨두유량 감쇄곡선 형태에 영향을 미치는 유출관련 매개변수를 선정하여 보정하였고, 유역 최종 출구점인 충주댐 지점에서의 일 유출자료에 대해 관측치와 모의치를 비교하였다. 그 결과 상관계수는 0.89와 0.71, 모형효율은 0.87과 0.76으로 매우 양호한 결과를 보였으며 이는 SWAT 모형이 장기 유출 모의에 있어 안정적 결과를 제공함을 판단할 수 있었다. 보정된 결과를 바탕으로 장기유출모의결과 계산평균유량과 계산첨두유량 모두 관측결과와 상대오차 10%이하의 만족스러운 결과를 보였으며 댐 건설 전 후의 유출특성 비교결과 전반적으로 댐 건설 이후 유출률이 증가하는 특성이 나타났다. 댐 건설 후 나타나는 유출률 변화를 규명하고자 수문성분별 모의를 실시하였으며 그 결과 지표유출이 4% 증가 하였고 증발산량이 3% 감소하였다. 이는 대상유역의 도시화에 의한 불투수면적의 증가와 산림면적 감소 때문으로 추정되며, 이로 인하여 댐 건설 후 유출률이 소폭 증가하였음이 판단된다. 이상의 결과들로부터 SWAT 모형은 장기 일 유출량 추정 및 유역 전반의 통합관리 측면에서 적용성과 활용성이 우수하다고 판단되며 댐 건설로 인한 자연환경의 변화는 유역의 유출특성의 변화에 영향을 준다는 결론을 얻을 수 있었다. 이러한 결과를 확장하여 댐 건설 이외에 다양한 요소들을 모형에 적용하고 유역개발에 따른 수문환경의 전반적인 변화에 대한 유출평가가 필요하다고 판단된다.

• International Area Studies Review
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• v.14 no.3
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• pp.246-263
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• 2010

This study examines how the long-run relations between housing price and inflation in the United Sates have changed since the year of 2000. Johansen co-integration test, estimation of long-run equilibrium equation, and Granger causality tests are conducted, based on the VECM. Data covers the period from the first quarter of 1975 to the second quarter of 2010. I adopt the recursive estimation method in which the final period of the estimation is expanded by one quarter, starting from the first quarter of 2000. The empirical results are as follows: (1) In spite of the sharp increase of housing price, the long-run relationship of house prices and inflation has been remained stable until 2007, showing that house prices are a stable inflation hedge in the long run. (2) The housing price plunge since 1997 does not seem to be related to the restore of the long-run relationship between housing prices and inflation. (3) Granger causality test results support the hypothesis that inflation granger-causes housing prices with 10% significance level, but reject the hypothesis that housing price granger-causes inflation.

• The Journal of the Korea Contents Association
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• v.19 no.4
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• pp.63-78
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• 2019

The objective of this study is to verify the effects of private banking(PB) relation marketing on relationship quality between bank and customer and long-term business intention and to verify the mediating effect of the relationship quality. The subjects of this study were 431 PB customers in Seoul. The questionnaire data were utilized for verification of hypotheses through structural equation model analysis. As a result of verification, PB relation marketing presented a statistically significant positive correlation with relationship quality between bank and customer. The PB relation marketing showed a significant positive effect on the long-term business intention with the mediating effect of the relation quality. Finally, the result of this study is meaningful in a point of view of PB relation marketing of bank on the relationship quality and long-term business intention. It is worthwhile to verify the mediation effect of the relationship quality.

• International Area Studies Review
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• v.14 no.2
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• pp.25-40
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• 2010

Accurate forecasting of volatility is of considerable interest in financial volatility research, particularly in regard to portfolio allocation, option pricing and risk management because volatility is equal to market risk. So, we attempted to delineate a model with good ability to forecast and identified stylized features of volatility, with a focus on volatility persistence or long memory in the Australian futures market. In this context, we assessed the long-memory property in the volatility of index futures contracts using three conditional volatility models, namely the GARCH, IGARCH and FIGARCH models. We found that the FIGARCH model better captures the long-memory property than do the GARCH and IGARCH models. Additionally, we found that the FIGARCH model provides superior performance in one-day-ahead volatility forecasts. As discussed in this paper, the FIGARCH model should prove a useful technique in forecasting the long-memory volatility in the Australian index futures market.

• Journal of Digital Convergence
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• v.19 no.3
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• pp.127-135
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• 2021

We analyze the information asymmetry in the capital market by examining the long-term performance by the insider's trading behavior in the companies that made investment announcements for the construction of the new office building. The results are summarized as follows. On average, the long-term abnormal returns on share prices of sample firms represent a significant positive value. The regression analysis confirmed that there is a statistically significant positive correlation between the factor of the change in equity of large shareholders and the long-term performance. On the other hand, negative correlation was observed between change in equity of small individual investors and long-term performance. These results mean that an insider can determine the authenticity of a manager's private intention. In other words, it supports that the insider is in a position of information superiority. In addition, it is expected to provide practical usefulness to investors in that the change in equity can be used as a predictor of long-term performance.