• Journal of Korean Tunnelling and Underground Space Association
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• v.5 no.4
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• pp.337-348
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• 2003

The propagation mechanism of a detonation pressure with fully coupled charge is clarified and the blasting pressure propagated in rock mass is derived from the application of shock wave theory. The blasting pressure was a function of detonation velocity, isentropic exponent, explosive density, Hugoniot parameters, and rock density. Probabilistic distribution is obtained by using explosion tests on emulsion and rock property tests on granite in Seoul and then the probabilistic distribution of the blasting pressure is derived from the above mentioned properties. The probabilistic distributions of explosive properties and rock properties show a normal distribution so that the blasting pressure propagated in rock can be also regarded as a normal distribution. Parametric analysis was performed to pinpoint the most influential parameter that affects the blasting pressure and it was found that the detonation velocity is the most sensitive parameter. Moreover, uncertainty analysis was performed to figure out the effect of each parameter uncertainty on the uncertainty of blasting pressure. Its result showed that uncertainty of natural rock properties constitutes the main portion of blasting pressure uncertainty rather than that of explosive properties. In other words, since rock property uncertainty is much larger than detonation velocity uncertainty the blasting pressure uncertainty is more influenced by the former than by the latter even though the detonation velocity is found to be the most influencing parameter on the blasting pressure.

• Tunnel and Underground Space
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• v.21 no.4
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• pp.320-327
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• 2011

In this study, for stemming effect in blast of the mortar block body, the crushed granite sand as fine aggregate, which is waste rock obtained at the ○○ limestone mine, was investigated to compare with stemming materials such as sea sand, river sand, clayed soil and water can be acquired easily at the field. The mortar block body was manufactured with the dimensions of 50 cm width, 50 cm length and 70 cm height. The direct shear and sieve separator test were performed, and the properties of friction resistance were analyzed by the extrusion test for five stemming materials. Axial strain of steel bar and ejection velocity of stemming materials due to the explosive shock pressure in blasthole with the stemming length of 10 cm and 20 cm in the mortar blast test were measured by the dynamic data acquisition system. Among stemming materials, axial strain showed the largest value at the crushed granite sand as fine aggregate, and the ejection velocity was the smallest value at the stemming of water. The results has shown correlate with harden unit weight in blasthole, particle size distribution, shear resistance, and extrusion strength of stemming materials. The ejection velocity of stemming material at the mouth of blasthole and the axial strain of steel bar in the inside of blasthole tend to be inversely proportional to each other, represent exponentially.

• Journal of the Korea Concrete Institute
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• v.21 no.6
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• pp.681-688
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• 2009

The railroad bridges have been usually experienced by vibration and impact in service state. With this reason, it is important that the effective strengthening capacity should be considered to resist the kind of service loading. In this study, NSM strengthening technique is recommended for the concrete railroad bridge because of its better effective resistance for dynamic loading condition and strengthening cost than the conventional externally bonded strengthening using fiber sheet. However, to widely apply NSM method for the concrete railroad bridge, it needs that the strengthening ratio has to be reasonably evaluated with geometrical and material uncertainties, especially for the concrete bridge under long-term service state without the apparent design history and detail information such as concrete compressive strength, reinforcing ratio, railroad characteristics. The purpose of this study is to propose the critical strengthening ratio of CFRP plate for the targeted concrete railroad bridge with uncertainties of deterioration of the structures. To do this, Monte Carlo Simulation (MCS) for geometrical and material uncertainties have been applied so that this approach may bring the reasonable strengthening ratio of CFRP plate considering probabilistic uncertainties for the targeted concrete railroad bridge. Finally, the critical strengthening ratio of NSM strengthened by CFRP plate is calculated by using the limit state function based on the target reliability index of 3.5.

• The Korean Journal of Financial Management
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• v.23 no.1
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• pp.101-133
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• 2006

We examine whether new derivatives on KOSPI 200 affect volatility asymmetry of KOSPI 200 portfolio, relative to the carefully matched non-KOSPI 200 portfolio. To test the effect or new derivatives trading, we use GJR-GARCH model and newly developed Volatility Ratio(down-market volatility to up-market volatility ratio). Our results show that KOSPI 200 portfolio experiences lower volatility asymmetry than non-KOSPI 200 portfolio after the trading of new derivatives on KOSPI 200, especially after the introduction of stock index options(KOSPI 200 options). For non-KOSPI portfolio, no significant reduction in volatility asymmetry occurred when trading of stock index options began. Also, we find that in the period of after January 1999, the period of after do-regulations and Financial Crisis in the Korean capital market, volatility asymmetry of stock markets was significantly decreased. This means that level of volatility asymmetry is closely related to the level of market regulations. Further, the results of the paper show that leverage effect and changes in foreign exchange ratio can be good candidates for explaining the stylized volatility asymmetry in the Korean stock market.

• Management & Information Systems Review
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• v.31 no.4
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• pp.287-307
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• 2012

We empirically examine the price discovery dynamics among the VKOSPI, the KOSPI200 spot, and the KOSPI200 futures markets. The analysis employs the vector-autoregression, Granger causality, impulse response function, and variance decomposition using both daily data from 2009. 04. 13 to 2011. 12. 30 and 1 minute data from the bull market, bear market, and the flat period. The main results are as follows; First, the lead lag relationships between KOSPI200 spot(futures) yield VKOSPI returns could not be found from the daily data analysis. But KOSPI200 spot(futures) have a predictive power for VKOSPI from 1 minute data. Especially KOSPI200 spot(futures) and VKOSPI show the bi-directional effects to each other during the return rising period Second, We chose the VAR(1) the model in daily data but adopt the VAR(3) model in the one minute data to determine the lead lag time. We know that there is predictability during the very short period Third, Spot returns and futures returns makes no difference in daily data results. According to the one minite data results, VKOSPI returns have a predictive power for KOSPI200 spot return, but have no predictive power for KOSPI200 futures return.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.6
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• pp.566-576
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• 2016

It is known that the Real Estate Sales Market and Auction Market are closely interrelated with each other in a variety of respects and the media often mention the real estate auction market as a leading indicator of the real estate market. The purpose of this paper is to analyze the relationships between the housing market and auction market before and after macroeconomic fluctuations using VECM. The period from January 2002 to December 2008, which was before the financial crisis, was set as Model 1 and the period from January 2009 to November 2015, which was after the financial crisis, was set as Model 2. The results are as follows. First, the housing auction market is less sensitive to changes in the housing market than it is to fluctuations in the auction market. This means that changes in the auction market precede fluctuations in the housing market, which shows that the auction market as a trading market is activated. In this respect, public institutions need to realize the importance of the housing auction market and check trends in the housing contract price in the auction market. Also, investors need to ensure that they have expertise in the auction market.

• The Korean Journal of Financial Management
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• v.20 no.2
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• pp.151-180
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• 2003

We examine the interdependence of the major Asia-Pacific stock markets including S&P 500, FTSE 100, Kualar Lumpur Composite, Straits Times, Hang Seng, NIKKEI 225 and KOSPI 200 from October 4, 1995 to March 31,2000. The analysis employs the vector-auto-regression, Granger causality, impulse response function and variance decomposition using daily returns on the national stock market indices. The findings in this paper indicate that the volatilities of all countries has grown after IMF crisis, while there is no significance in cointegration test of both total period and sub-periods. This result implies that investors are able to get abnormal returns by investment diversification according to the portfolio theory. We find that while the effect from NIKKEI 225 to others is relatively weak, the interdependence from S&P 500 to other countries is strong. Also we find that the strong effect from Straits Times to Hang Seng exists. This study suggests that there is slight feedback relation between KOSPI 200 and Kualar Lumpur Composite, Straits Times, Hang Seng stock market.

• KOREAN JOURNAL OF CROP SCIENCE
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• v.65 no.2
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• pp.156-160
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• 2020

Emergence and early growth changes of stratification condition of tea (Camellia sinensis) seeds were investigated in 7 treatments (control, pH 4, pH 10, 70% ethanol (EtOH), 10 mM H₂O₂, 100 mM H₂O₂, and physical shock (5.9 J)). Ethanol treatment was toxic and did not induce emergence. The emergence rate was 36.7% in the control, 26.7% under pH 10, 46.7% under pH 4, 48.3% under physical shock, 51.7% under 10 mM H₂O₂, and 65.0% under 100 mM H₂O₂ treatments. It was higher by approximately 178% in the H₂O₂ treatment as compared to the control. Plant height was 6.5 cm in the control, 6.6 cm under pH 10, 7.6 cm under pH 4, 7.8 cm under physical shock, 8.3 cm under 10 mM H₂O₂, and 9.1 cm under 100 mM H₂O₂ treatments. Leaf length and leaf width were also higher under the H₂O₂ treatment. Therefore, hydrogen peroxide treatment induced emergence and increased the uniformity of early growth.

• Journal of The Korean Society of Grassland and Forage Science
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• v.28 no.1
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• pp.35-40
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• 2008

Using a small pilot coating pan, red clover and tall fescue seeds were coated under different rotating speed of pan(20, 30, 40, 45, 55, 60 rpm) for standardization of seed coating. Vermiculite was used as particulate matter and polyvinyl alcohol as adhesive for the coating of seeds. Coating index was calculated based on the percent singles out, percent agglomerates out, weight of particulate matter fine, percent friability, and average weight per 100 seeds to evaluate the physical characteristics of coated seeds. The coated seed of red clover under 45 rpm rotating speed of pan, was best in terms of percent singles out, percent agglomerates out, weight of fines, and average 100 seed weight. The coated seed of tall fescue under 40 rpm rotating speed of pan, showed highest percent singles out, lowest percent agglomerates out, lowest weight of fines, and heaviest average 100 seed weight. Excellent coating results were obtained with the pan speed of 45rpm for red clover and 40 rpm for tall fescue seeds. As rotatory speed of coating pan affected much to the physical characteristics of coated seeds, standardization of the speed is required before seed coating.

• The Journal of the Korea Contents Association
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• v.18 no.4
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• pp.416-427
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• 2018

As the loan size of real estate PF is huge, its market ripple effect gets bigger when overdue occurs. Accordingly, the management of the delinquency rate and macroeconomic analysis are required. As the preceding research mainly proceeded with microeconomic analysis through the real estate PF data of individual banks to evaluate importance of list or analyzed core factors for delinquency, it lacked research on comprehensive real estate PF size. In order to overcome the limitations of such data, this research studied real estate PF delinquency rate of the entire market and effect relationship by the size. The research utilized the size of real estate PF loans, money supply, interest rate, consumer price index(CPI), and GDP data. Also, it applied the first model of VECM as linear relationship between at least two or more variables, following the result of co-integration test. As a result of Granger-causality test, the real estate PF loans delinquency rate is influenced by their loan size, and as a result of impulse response analysis, the interest rate is shown to be affecting delinquency rate the most. Interest rate could risesomeday and aggravate the delinquency rate of real estate PF. Also, risk exposure could be serious as the loan size increases.Therefore, the management of real estate PF delinquency rate requires continuous monitoring, tracking and observing issued loans from a macro point of view. The plans to prevent delinquency will be necessary.