• Journal of Korea Water Resources Association
• /
• v.48 no.12
• /
• pp.969-979
• /
• 2015

This study applied a probabilistic-based hidden Markov model (HMM) to better characterize drought patterns. In addition, a copula-based bivariate drought frequency analysis was employed to further investigate return periods of the current drought condition in year 2015. The obtained results revealed that western Kangwon area was generally more vulnerable to drought risk than eastern Kangwon area using the 40-year data. Imjin-river watershed including Cheorwon area was the most vulnerable area in terms of severe drought events. Four stations in Han-river watershed showed a joint return period exceeding 1,000 years associated with the drought duration and severity in 2014-2015. Especially, current drought status in Northern Han-river and Imjin-river watershed is most severe drought exceeding 100-year return period.

• Journal of Navigation and Port Research
• /
• v.30 no.2
• /
• pp.131-136
• /
• 2006

Researches on a superstructure built on a floating structure in the shape of pontoon type have begun in recent years. A superstructure responds by wave load and it is important to evaluate its habitability. The purpose of this study is evaluation and investigation of habitability of a superstructure due to wave for 10 year return period. In this study, response analyses of the superstructure built on middle-sized floating structure due to the waves of three cases were carried out by 3-D integration analysis, which means analyzing the calculation model integrated a superstructure with a floating structure, and its habitability was evaluated by the evaluation diagrams. As the result, the habitability differed by each wave condition The use of a superstructure is restricted according to the disposition of a floating structure for incident wave angle.

• International Journal of High-Rise Buildings
• /
• v.10 no.2
• /
• pp.99-107
• /
• 2021

This research investigates the potential of Adaptive TMDs for tall building damping. The Adaptive TMD under consideration is based on real-time controlled hydraulic dampers generating purely dissipative control forces. The control approach is designed to enhance the Adaptive TMD efficiency for moderate wind loads with return periods below 50 years. The resulting enhanced TMD efficiency is used to reduce the pendulum mass by 15% compared to the passive TMD while still guaranteeing the acceleration limits of the one and ten year return period winds. Furthermore, the adaptive control approach is designed to disproportionally increase the controlled damping force at wind loads with return periods of 50 years and more in order to reduce the maximum relative motion of the Adaptive TMD with only 85% pendulum mass. Compared to the passive TMD with 100% pendulum mass the maximum relative motion is reduced by 20%. Both the pendulum mass reduction and the maximum relative motion reduction significantly reduce the foot print of the Adaptive TMD which is highly desirable from the economic point of view.

• The Journal of Economics, Marketing and Management
• /
• v.2 no.1
• /
• pp.18-28
• /
• 2014

In this research we investigate the effect return on assets, return on equity, profit margin and earnings per share on working capital management. Current ratio and quick ratio used as proxies for working capital management. The research sample includes 451 year -firm of Tehran Stock Exchange (TSE) listed companies for period 2007-10. The multiple linear regressions were applied to test the research hypotheses. The results showed that, return on assets and earnings per share have a negative impact on working capital management. The results also show that earnings per share and profit margin positively associated with the firm performance.

• Journal of Distribution Science
• /
• v.13 no.9
• /
• pp.5-11
• /
• 2015

Purpose - The purpose of this research is to provide insights that can be used for deliberate decision making around challenging big data investments by measuring the economic value of such big data implementations. Research design, data, and methodology - We perform empirical research through an event study. To this end, we measure actual abnormal returns of companies that are triggered by their investment announcements in big data, or firm size information, during the three-year research period. The research period targets a timeframe after the introduction of big data at Korean firms listed on the Korea stock markets. Results - Our empirical findings discover that on the event day and the day after, the abnormal returns are significantly positive. In addition, our further examination of firm size impacts on the abnormal returns does not show any evidence of an effect. Conclusions - Our research suggests that an event study can be useful as an alternative means to measure the return on investment (ROI) for big data in order to lessen the difficulties or decision making around big data investments.

• International Journal of High-Rise Buildings
• /
• v.1 no.3
• /
• pp.203-209
• /
• 2012

The purpose of this paper is to present the state of practice being used in the Philippines for the performance-based seismic design of reinforced concrete tall buildings. Initially, the overall methodology follows "An Alternative Procedure for Seismic Analysis and Design of Tall Buildings Located in the Los Angeles Region, 2008", which was developed by Los Angeles Tall Buildings Structural Design Council. After 2010, the design procedure follows "Tall Buildings Initiative, Guidelines for Performance-Based Seismic Design of Tall Buildings, 2010" developed by Pacific Earthquake Engineering Research Center (PEER). After the completion of preliminary design in accordance with code-based design procedures, the performance of the building is checked for serviceable behaviour for frequent earthquakes (50% probability of exceedance in 30 years, i.e,, with 43-year return period) and very low probability of collapse under extremely rare earthquakes (2% of probability of exceedance in 50 years, i.e., 2475-year return period). In the analysis, finite element models with various complexity and refinements are used in different types of analyses using, linear-static, multi-mode pushover, and nonlinear-dynamic analyses, as appropriate. Site-specific seismic input ground motions are used to check the level of performance under the potential hazard, which is likely to be experienced. Sample project conducted using performance-based seismic design procedures is also briefly presented.

• Journal of the Korea Society of Computer and Information
• /
• v.21 no.11
• /
• pp.151-158
• /
• 2016

This study analyzes the stock market reaction of disclosure of technological information using events which are collected in the Korean stock market for the thirteen-year period between January 2002 and December 2014. We find that abnormal return on the disclosure day of full sample firms is positive and statistically significant. However, abnormal return of high R&D intensity subsample is a larger positive number than that of the low one. Using a longer window, it shows that low R&D intensity negatively decreases the long term performance after the adoption of new technological information. The empirical evidence of the studying is expected to serve as a good judging guide-line for the investors.

• The Journal of Fisheries Business Administration
• /
• v.44 no.2
• /
• pp.1-17
• /
• 2013

We investigate the appropriateness of the fixed 12% discount rate to be used in estimating the amount of compensation for revoking a license for fishery business by the Enforcement Decree of Fisheries Act in Korea. We also suggest the appropriate discount rate fully reflecting the change of market interest rate in the Korean financial market. The capital asset pricing model, or, CAPM is the best known model of risk and return, and is widely used to estimate the expected rate of return for the risky projects. Even though the CAPM implies that the discount rate or the expected rate of return should change as the related market factors do, the discount rate used to estimate compensation for revoking a license for fishery business remains to be the same 12% rate for the last 15 years by law. During this period, however, the yield to maturity for the 5-year government bonds in Korea has dramatically changed from about 12% to less than 3%. In order to provide the fair compensation for the damages against the coastal fisheries and evaluate the intrinsic value of fishery resources in the coastal areas, we suggest that the appropriate discount rate should be determined by the yield to maturity of the government bonds with 5-year maturity, instead of the current fixed 12% interest rate.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.1
• /
• pp.47-58
• /
• 2020

The research aims to investigate the determinants of the financial performance of 1343 Vietnamese companies categorized into six different industries listed on the Vietnamese Stock Exchange over a four-year period from 2014 to 2017 using STATA software. Those determinants include firm size, liquidity, solvency, financial leverage, and financial adequacy while the financial performance is evaluated by three different ratios: return on assets (ROA), return on equity (ROE), and return on sales (ROS). The research results from these companies during the given period indicate that: (1) Firm size has a positive impact on both ROA and ROS, especially ROA but it has the opposite effect on ROE, (2) Adequacy ratio impacts positively on ROA and ROS but negatively on ROE, (3) Financial leverage considerably negative influences on ROE and ROS but positively impacts on ROA, (4) Liquidity has a positive effect on both ROA and ROE but a negative one on ROS and (5) Solvency has a positive impact on ROA and ROS but the negative impact on ROE. Furthermore, agriculture accounted for the highest percentage of profitability at the beginning, which was replaced by service for ROA but manufacture for ROE from 2016 to 2017 as opposed to the least in transportation.

• Journal of Korea Water Resources Association
• /
• v.37 no.1
• /
• pp.77-86
• /
• 2004

This paper presents a reservoir operation plan coupled with storage forecasting model to maintain a target storage and a critical storage. The observed storage data from 1990 to 2001 in the Geum-Gang agricultural reservoir in Korea have been applied to the low flow frequency analysis, which yields storage for each return period. Two year return period drought storage is then designated as the target storage and ten year return period drought storage as the critical storage. Storage in reservoir should be forecasted to perform reasonable reservoir operation. The predicted storage can be effectively utilized to establish a reservoir operation plan. In this study the autoregressive error (ARE) model and the ARIMA model are adopted to predict storage of reservoir. The ARIMA model poorly generated reservoir storage in series because only observed storage data were used, but the autoregressive error model made to enhance the reliability of the forecasted storage by applying the explanation variables to the model. Since storages of agricultural reservoir with respect to time have been affected by irrigation area, high or mean temperature, precipitation, previous storage and wind velocity, the autoregressive error model has been adopted to analyze the relationship between storage at a period and affecting factors for storage at the period. Since the equation for predicting storage at a period by the autoregressive error model is similar to the continuity equation, the predicting storage equation may be practical. The results from compared the actual storage in 2002 and the predicted storage in the Geum-Gang reservoir show that forecasted storage by the autoregressive error model is reasonable.