• Management & Information Systems Review
• /
• v.35 no.1
• /
• pp.143-154
• /
• 2016

In this research, The new CEO is expected to increase a reporting income through earning management for individual benefit such as a good reputation, high compensation and CEO' s contract extension in the early years of service, of which may influence value relevance of the accounting numbers. We investigate the change of value relevance from 2004 to 2014, compare firms with a change of CEO and firms with non-change of CEO and analysis the value relevance in the early years and in the late years of the new CEO. The results of research are as follows. First, value relevance of EPS of firms with change of CEO are decreased, whereas value relevance of BPS are increased in the regression of all sample. Second, value relevance of EPS are decreased, whereas value relevance of BPS are increased in the early years of the new CEO. This research makes a contribution to provide the first proof about influence of value relevance by the earning management in the early years of the new CEO in Korea.

• Journal of the Korean GEO-environmental Society
• /
• v.11 no.6
• /
• pp.5-20
• /
• 2010

One-dimensional equivalent linear site response analysis is widely used in practice due to its simplicity, requiring only few input parameters, and low computational cost. The main limitation of the procedure is that it is essentially a linear method, in which the time dependent change in the soil properties cannot be modeled and constant values of shear modulus and damping is used throughout the duration of the analysis. Various forms of modified equivalent linear analyses have been developed to enhance the accuracy of the equivalent linear method by incorporating the dependence of the shear strain with the loading frequency. The methods are identical in that it uses the shear strain Fourier spectrum as the backbone of the analysis, but differ in the method in which the strain Fourier spectrum is smoothed. This study used two domestically measured soil profiles to perform a series of nonlinear, equivalent linear, and modified equivalent linear site response analyses to verify the accuracy of two modified procedures. The results of the analyses indicate that the modified equivalent linear analysis can highly overestimate the amplification of the high frequency components of the ground motion. The degree of overestimation is dependent on the characteristics of the input ground motion. Use of a motion rich in high frequency contents can result in unrealistic response.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.13 no.8
• /
• pp.3792-3799
• /
• 2012

The dedusting characteristics of pulse air jet type dedusting system which is widely applied in the industries were identified by utilizing the computational fluid dynamics (CFD) and the dedusting performance in modified shape of dedusting unit was compared in this study. The review on the dedusting air volume, air stream distribution and inflow velocity distribution on each shape of dedusting part showed that the case of installing the nozzle on the blow tube (Case-3) and the case of installing the double intaking tube to the venturi (Case-4 and Case-5) were more excellent than the structure (Case-1) which is widely applied in the field in its amplification effect on the air volume and extension of stream width. The specification of venturi was decided to apply the selected Case-5 for the option of the commercial back filter. It is considered that the dedusting air volume will be maintained in maximum in the case of 50 mm and 90 mm for the diameter of internal and external intaking pipe respectively.

• 사료
• /
• s.42
• /
• pp.20-25
• /
• 2010

2009년은 그야말로 새옹지마(塞翁之馬 : 인생에 있어서 길흉화복은 항상 바뀌어 미리 헤아릴 수 없다)와 같은 한 해로 기억에 오래 남을 듯 하다. 2008년 말에 2009년 양돈산업을 전망할 때 미국발 금융위기에도 불구하고 국내산 돈육 공급량 부족과 환율상승 및 급변으로 인한 돈육 수입량 부족, 그리고 수급 불균형으로 대부분의 전문가들이 역대 최고의 돈가를 예상했고, 실제로 3월에 지육가격이 5,000원/지육kg(전국 비육돈 평균시세)을 상회하면서 성수기에 돈가가 6,000원/지육 kg에 육박할 것이라 기대했었다. 그러나 4월 미국에서 발생한 신종인플루엔자가 초기에 돼지에서 유래된 인플루엔자라고 보도되면서 돈육소비량이 급감하였고 이로 인해 성수기에 돈가가 오히려 하락하는 기현상을 보였다. 다행히 신종플루가 돼지와 무관하다는 사실이 밝혀지면서 소비가 회복되었고 돈가 또한 회복되어 올해는 역대 최고의 돈가가 형성될 것으로 예상되고, 여기에 국제곡물시세가 안정되면서 사료가격도 여러 차례 인하되어 양돈 농장의 수익성은 상당부분 향상될 것으로 판단된다. 하지만 신종플루 사망자가 증가하면서 지금도 여전히 돈육소비가 위축되어 있어 막연히 호황을 기대하기 쉽지 않은 실정이다. 돈가의 급등과 급락, 외부요인에 의한 경제환경의 변화로 인한 환율의 변동 및 소비량의 변화는 2009년 양돈산업에 대한 불안감을 증폭시켜 높은 돈가와 수익성에도 불구하고 전체 산업의 규모가 커지지는 못했다. 여기에 국산 돈육에 대한 소비자들의 무한 신뢰로 인해, 2008년 12월 돈육 원산지 표시제 확대 실시로 국내산 돈육 수요가 증가 하여 여전히 75% 가량의 국산 돈육 자급율을 유지함에도 불구하고 아직까지 맛의 차별화 및 도축, 유통의 안전성에 대한 확고한 신뢰 구축을 위한 브랜드 돈육 유통의 확대가 소비자의 기대치만큼 자리 잡지 못하고 있는 실정이다. 또한 친환경적인 양돈산업 육성 및 분뇨 처리 관련하여도 뚜렷한 해답을 찾지 못하고 있어, 양돈 농가의 입장에서는 규모의 확장 및 신규 진입이 극도로 제한되어 있고 일부 지역에서는 사업의 존폐를 결정하는 주요 원인이 되고 있다. 그간 대한민국 양돈 산업의 경쟁력에 발목을 잡고 있던 낮은 생산성 문제와 소모성 질병에 의한 높은 폐사율 문제 또한 아직도 여전히 해결되지 못한 과제이다. <그림 1> 국가별 양돈 농장 생산성 현황에서 보는 바 와 우리나라 양돈 농장의 생산성은 여전히 PSY(모돈당 연간 이유자돈 두수)가 18두에 못 미치고 있어 국제 경쟁력을 논하기 자제 가 부끄러운 실정이다. 여러 가지 내 외부적인 어려운 환경에도 불구하고 올 2009년은 양돈농가들이 최고의 수익성을 기록한 한 해가 될 것이라는 사실에는 이의가 별로 없을 듯하다. 2년 여간의 고돈가로 인해 대한민국 양돈산업은 새로운 도약을 위한 밑천이 마련된 셈이라고 할 수 있다. 본고에서는 2009년 양돈산업 현황을 돌아보고 다가올 미래를 준비한다는 의미에서 우리나라 양돈산업이 집중해야 할 분야를 짚어보고자 한다.

• Journal of the Earthquake Engineering Society of Korea
• /
• v.7 no.4
• /
• pp.15-22
• /
• 2003

Seismic design codes developed taking into account the strong earthquakes may result in unnecessary economical loss in the low seismic area, and the importance of the performance based design considering the soil-structure interaction is recognized for the reasonable seismic design. In this study. elastic and inelastic seismic response analyses of a single degree of freedom system on the soft soil layer were performed considering the nonlinearity of the soil for the 1 weak earthquakes scaled to the nominal peak accelerations of 0.07g and 0.11g. The seismic response analyses were performed in one step applying the earthquake motions to the bedrock, utilizing a pseudo 3-D dynamic analysis software of the soil-structure system. The study results indicated that seismic response spectra of a system assuming the rigid base or the linear soil layer does not represent the true behavior of a structure-soil system, and it is necessary to take into account the nonlinear soil-structure interaction effects and to perform the performance based seismic design for the various soil layers, having different characteristics, rather than to follow the routine design procedures specified in the design codes for the reasonable seismic design. The nonlinearity of the soft soil excited with the weak seismic motions also affected significantly on the elastic and inelastic seismic response spectra of a system due to the nonlinear soil amplification of the earthquake motions, and it was pronounced especially for the elastic response spectra.

• The Korean Journal of Applied Statistics
• /
• v.34 no.1
• /
• pp.115-126
• /
• 2021

Central banks communicate with the market through a statement on the direction of monetary policy while implementing monetary policy. The rapid contraction of the global economy due to the recent Covid-19 pandemic could be compared to the crisis situation during the 2008 global financial crisis. In this paper, we analyzed the text data from the monetary policy statements of the Bank of Korea and Fed reflecting monetary policy directions focusing on how they were affected in the face of a global crisis. For analysis, we collected the text data of the two countries' monetary policy direction reports published from October 1999 to September 2020. We examined the semantic features using word cloud and word embedding, and analyzed the trend of the similarity between two countries' documents through a piecewise regression tree model. The visualization result shows that both the Bank of Korea and the US Fed have published the statements with refined words of clear meaning for transparent and effective communication with the market. The analysis of the dissimilarity trend of documents in both countries also shows that there exists a sense of synchronization between them as the rapid changes in the global economic environment affect monetary policy.

• Journal of the Korean Geotechnical Society
• /
• v.25 no.10
• /
• pp.87-97
• /
• 2009

The seismic site coefficients are often used with the seismic hazard maps to develop the design response spectrum at the surface. The site coefficients are most commonly developed deterministically, while the seismic hazarde maps are derived probabilistically. There is, hence, an inherent incompatibility between the two approaches. However, they are used together in the seismic design codes without a clear rational basis. To resolve the fundamental imcompatibility between the site coefficients and hazard maps, this study uses a novel probabilistic seismic hazard analysis (PSHA) technique that simulates the results of a standard PSHA at a rock outcrop, but integrates the site response analysis function to capture the site amplification effects within the PSHA platform. Another important advantage of the method is its ability to model the uncertainty, variability, and randomness of the soil properties. The new PSHA was used to develop fully probabilistic site coefficients for site classes of the seismic design code and another sets of site classes proposed in Korea. Comparisons highlight the pronounced discrepancy between the site coefficients of the seismic design code and the proposed coefficients, while another set of site coefficients show differences only at selected site classes.

• Journal of the Korean Geotechnical Society
• /
• v.24 no.12
• /
• pp.113-120
• /
• 2008

One-dimensional site response analysis is widely used to simulate the seismic site effects. The equivalent linear analysis, which is the most widely used type of site response analysis, is essentially a linear method. The method applies constant shear modulus and damping throughout the frequency range of the input motion, ignoring the dependence of the soil response on the loading frequency. A new type of equivalent linear analysis method that can simulate the frequency dependence of the soil behavior via frequency-strain curve was developed. Various forms of frequency-strain curves were proposed, and all curves were asserted to increase the accuracy of the solution. However, its validity has not been extensively proven and the effect of the shape of the frequency-strain curve is not known. This paper used two previously proposed frequency-strain curves and three additional curves developed in this study to evaluate the accuracy of the frequency-dependent equivalent linear method and the influence of the shape of the frequency-strain curves. In the evaluation, six recordings from three case histories were used. The results of the case study indicated that the shape of the frequency-strain curve has a dominant influence on the calculated response, and that the frequency dependent analysis can enhance the accuracy of the solution. However, a curve that results in the best match for all case histories did not exist and the optimum curve varied for each case. Since the optimum frequency-strain curve can not be defined, it is recommended that a suite of curves be used in the analysis.

• Journal of the Korea Convergence Society
• /
• v.13 no.1
• /
• pp.179-188
• /
• 2022

This study discovers the general characteristics of B-class Emotional Advertisements and analyses their trend. A content analysis was conducted on 498 advertisements on-aired between 2015 and 2020, which were sampled from the advertisements registered in the TVCF(www.tvcf.co.kr), the largest advertisement web portal in the Republic of Korea. The analysis concludes that the B-class Emotional Advertisements, employed in a wide range of genre, is most incorporated in comedy/exaggeration genres and is on a rising trend due to 2020 COVID-19 Pandemic. Furthermore, it is confirmed that the utilization of B-class emotional advertisement has also increased in domain of non-commercial advertisements, such as Public Service Advertisements, Governmental/Organizational Advertisements, and Corporate Public Relations (PR) Advertisements. The study validates the transformation of the B-class emotional advertisements from a demonstration of an eccentric minority subculture to an epitome of a new and adventurous mainstream culture, successfully serving a central role in both the commercial and non-commercial sectors. Depicting the caricatures of the social, cultural and economic phenomenon and the recent surge of individual's depression, fatigue and pessimism, B-class emotional advertisements provide sympathetic and emotional alleviating ground for people that contributed to its rise.

• Journal of Korean Tunnelling and Underground Space Association
• /
• v.11 no.3
• /
• pp.287-301
• /
• 2009

The novel cut-and-cover tunnel construction method using rib-reinforced pre-cast arch segments has been recently developed and applied for practice to secure a structural stability of high covering and wide width section tunnels. Cut-and-cover tunnels are usually damaged by the seismic behavior of backfill grounds in case of a low covering condition. Seismic analyses are performed in this study to characterize the dynamic behavior of rib-reinforced pre-cast arch cut-and-cover tunnels. Seismic analyzes for 2 lane cast-in-place and rib-reinforced pre-cast arch cut-and-cover tunnels are carried out by using the commercial FDM program (FLAC2D) considering various field conditions such as the covering height embankment slope and excavation slope. It can be concluded that the amplification of seismic wave is reduced due to an increase in the structural stiffness induced by rib-reinforcement. The results show that the rib-reinforced pre-cast arch cut-and-cover tunnels are more effective against the seismic loading, compared to the cast-in-place cut-and-cover tunnels.