• Journal of the Korean Data and Information Science Society
• /
• v.28 no.5
• /
• pp.1109-1123
• /
• 2017

This paper examines there is any differences among determinants of cash holdings and marginal value of cash depending on the life-cycle of firm. To accomplish these objective, we collect financial and market data of KRX listing firms for a period of 2001-2013. We present evidence of significant effect of life-cycle on the cash holdings determinants and marginal value of cash. Specially, the effect of investment opportunity related variable are varies through life-cycle. The results also suggest that marginal values of cash in the introduction stage and exit stage is higher than those in other stages. Overall, this means that the motive of cash holdings in Korean firms is weak. and shareholders place different value on a firm's cash holdings depending on the life-cycle.

• The Korean Journal of Archival Studies
• /
• no.68
• /
• pp.5-39
• /
• 2021

In this study, the origin of the record continuum theory was analyzed in conjunction with the record management situation in Australia after the mid-20th century and record lifecycle model. For an in-depth understanding of the record continuum theory, it is necessary to consider the background and process of its formation, and to analyze the lifecycle model itself in terms of a theoretical system built with reflections on the lifecycle model. To this end, first of all, with the aim of analyzing the historical background of the formation of the record continuum theory, the background and process that led to intensive illumination of the US lifecycle model in the process of seeking an independent public records management system in Australia in the 1950s were reviewed. Then, the meaning and limitations of the lifecycle model were considered along with the background of the formation. In order to examine the main contents, significance, and limitations of the lifecycle model, it is necessary to analyze the circumstances under which it was formed. Based on this analysis, finally, the problems associated with the application of the lifecycle model in Australia's new record creation environment, as well as the factors that were the origin of the newly born record continuum theory were examined.

• Journal of the Korean Society for Railway
• /
• v.17 no.5
• /
• pp.342-348
• /
• 2014

Contact between wheel and rail leads to the creep phenomenon. Linear creep theory, assuming linear increase in the creep force vs creep, results in a critical speed at which the vibration of a railway vehicle goes to infinity. However, the actual creep force converges to a limited value, so that the vibration of a railway vehicle cannot increase indefinitely. In this study, the dynamics of a railway vehicle is investigated with a 6 DOF bogie model includingthe nonlinear creep curves of Vermeulen, Polach, and a newly calculated creep curve with strip theory. Strip theory considers the profiles of the wheel and rail. The results show that the vibration of a railway vehicle results in a limit-cycle over a specific running speed, and this limit-cycle becomes smaller as the slope of the creep-curve steepens. Moreover, a hunting phenomenon is caused due to flange contact, which restricts the magnitude of the limit-cycle.

• The Magazine of the Society of Air-Conditioning and Refrigerating Engineers of Korea
• /
• v.34 no.2
• /
• pp.9-17
• /
• 2005

현재 가장 널리 사용되고 있는 증기압축 방식의 기술 적용 한계의 극복 또는 증기압축 방식과 결합하여 그 효용성을 증대시킬 가능성이 있는 대체기술에 대한 현황을 소개하고자 한다.

• Journal of the Korean Institute of Gas
• /
• v.22 no.4
• /
• pp.63-73
• /
• 2018

Innovative technical process for Energy Storage System (ESS), Liquid Air Energy Storage system (LAES) is mature technologies based on the gas liquefaction process. In spite of many advantages such as high energy density, no geographical constraints, low investment costs and long useful life, the system has not yet widely commercialized due to low round trip efficiency. To improve RTE and acquire high yield of liquid air, various configurations of LAES process have been considered. In this research, dual refrigerants cycle (R-600a and methanol) for air liquefaction and thermal oil circulation for power generation via liquid air gasification have been applied to improve cycle performance significantly using Aspen HYSYS simulator.

• Proceedings of the Korean Society of Propulsion Engineers Conference
• /
• v.y2005m4
• /
• pp.281-287
• /
• 2005

Nonlinear behaviors such as steep-fronted wave motions and a finite amplitude limit cycle often accompanying combustion instabilities have been numerically investigated using a characteristic-based approximate Riemann solver and the well-known ${\eta}-{\tau}$ model. A resonant pipe initially subjected to a harmonic pressure disturbance described the natural steepening process that leads to a shocked N-wave. For a linearly unstable regime, pressure oscillations reach a limit cycle which is independent of the characteristics of the initial disturbances and depends only on combustion parameters and operating conditions. For the 1.5 MW gas generator under development in KARI, the numerical results show good agreement with experimental data from hot-firing tests.

• Journal of Korean Society of Archives and Records Management
• /
• v.21 no.3
• /
• pp.1-16
• /
• 2021

Record continuum is a theory providing the basis for archival science in the paradigm shift to the electronic record environment. However, critical analysis of it has been hardly performed so far, as it is still in development, and its core is a new perspective on records different from the life cycle model. Therefore, for further understanding of the significance and limitations of record continuum in the electronic record environment and performance of more in-depth theoretical development, an analysis of the meaning and nature of records contained in record continuum logic is essential. Given that record continuum does not define a record separately, the meaning and nature of records it contains in the recent electronic record environment are examined through the analysis of axis and dimension in a record continuum model.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2006.05a
• /
• pp.1832-1839
• /
• 2006

제품의 개념설계 단계는 제품의 주요특성과 라이프 사이클 전반에서 발생하는 Life Cycle Cost(LCC)의 대부분을 결정하는 중요한 단계이다. 이에 따라 개념설계 단계에서의 Life Cycle Cost Analysis(LCCA)의 필요성이 강조되고 있다. 그러나 LCCA는 제품의 경제성과 사용성, 친환경성 사이에서의 합리적인 의사결정을 지원하기에 한계가 있다. 본 논문은 개념설계 단계에서의 새로운 의사결정지원도구로서 기업 관점의 제품 라이프사이클 기업 가치(LCCV)분석 프레임워크를 제안하고, 그 핵심모듈인 기업 비용 예측모델 (LCCCEM)을 소개한다. 이 프레임워크를 통해 기업이 제품의 경제성과 시장성, 친환경성 사이에서 보다 전략적이고 합리적인 의사결정을 수행하도록 지원할 수 있을 것으로 기대한다.

• Transactions of the Korean Society of Mechanical Engineers A
• /
• v.29 no.7 s.238
• /
• pp.938-946
• /
• 2005

Friction is a dominant nonlinear factor in servomechanisms, which seriously deteriorates system accuracy. A friction compensator is indispensable to fabricate high-performance servomechanisms. In order to compensate for the friction in the servomechanism, identification of the friction elements is required. To estimate the friction of the servomechanism, an accurate linear element model of the system is required first. Tn this paper, a nonlinear friction model, in which static, coulomb and viscous frictions as well as Stribeck effect are included, is identified through the describing function approximation of the nonlinear element. A nonlinear element composed of two relays is intentionally devised to induce various limit cycle conditions in the velocity control loop of the servomechanism. The friction coefficients are estimated from the intersection points of the linear and nonlinear elements in the complex plane. A Butterworth filter is added to the velocity control loop not only to meet the assumption of the harmonic balance method but also to improve the accuracy of the friction identification process. Validity of the proposed method is confirmed through numerical simulations and experiments. In addition, a model-based friction compensator is applied as a feedforward controller to compensate fur the nonlinear characteristics of the servomechanism and to verify the effectiveness of the proposed identification method.

• Proceedings of the Korean Society of Propulsion Engineers Conference
• /
• 2005.11a
• /
• pp.220-223
• /
• 2005

System design parameters of gas generator cycle liquid rocket engines were investigated and compared in the present study. Characteristic velocity of combustor, pressure drop of combustor injector, exit pressure of pump, pump efficiency and specific power of turbine were considered as a system design parameter. The result shows the characteristic velocity is in the range of 1700-1770 m/s, pressure drop of combustor injector, 4-10 bar, pump exit pressure ratio to combustion pressure, 120-230%, pump efficiency, 60-80%, specific power of turbine, $0.28-0.58MW{\cdot}s/kg$.