• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.11
• /
• pp.223-234
• /
• 2021

This study aims to examine whether operating cash flows influence banks' financial stability in Pakistan. The study employed annual panel data collected from annual reports of 20 commercial banks listed on the Pakistan Stock Exchange for the year 2011 to 2019. Free cash flow yield was taken as the dependent variable while cash flow ratio was selected as the independent variable, and net interest margin, income diversification, asset quality, financial leverage, the cost to income ratio, advance net of provisions to total assets ratio, capital ratio, financial performance, breakup value per share and bank size were taken as control variables. The study performed ordinary least square technique, random and fixed effects models, Hausman test, Lagrange multiplier test, descriptive and correlation analysis. Results showed that operating cash flows and net interest margin significantly and positively influenced banks' financial stability while the cost to income ratio and advances net of provisions to total assets ratio significantly and negatively associated with banks' financial stability. To improve financial stability, banks should become more cost-effective and enhance their liquidity levels by lowering lending activities. In the future, it would be useful to compare commercial and investment banks, also Islamic and conventional banks in the same research setting.

• Transactions of the Korean Society of Mechanical Engineers B
• /
• v.25 no.9
• /
• pp.1219-1226
• /
• 2001

Pressure drops were measured for the flow boiling process within horizontal rectangular channels. The gap between the upper and the lower plates of each channel ranges from 0.4 to 2mm while the channel width being fixed to 20mm. Refrigerant 113 was used as the test fluid. The mass flux ranges from 50 to 200kg/㎡s and the channel walls were uniformly heated up to 15kW/㎡. The quality range covers from 0.15 to 0.75. The present experimental conditions coincide with the operating conditions of compact heat exchangers in which the liquid and gas flows are laminar and turbulent. The measured results were well represented by the two-phase frictional multiplier of Lee (2001) which has been developed for air-water two-phase flows within the deviation of $\pm$20%.

• Transactions of the Korean Society of Mechanical Engineers B
• /
• v.40 no.3
• /
• pp.181-189
• /
• 2016

An analytical model was developed by Sim to estimate the two-phase damping ratio for upward two-phase flow perpendicular to horizontal tube bundles. The parameters of two-phase flow, such as void fraction and pressure loss evaluated in the model, were calculated based on existing experimental formulations. However, it is necessary to implement a few improvements in the formulations for the case of tube bundles. For the purpose of the improved formulation, we need more information about the two-phase parameters, which can be found through experimental test. An experiment is performed with a typical normal square array of cylinders subjected to the two-phase flow of air-water in the tube bundles, to calculate the two-phase Euler number and the two-phase friction multiplier. The pitch-to-diameter ratio is 1.35 and the diameter of cylinder is 18mm. Pressure loss along the flow direction in the tube bundles is measured with a pressure transducer and data acquisition system to calculate the two-phase Euler number and the two-phase friction multiplier. The void fraction model by Feenstra et al. is used to estimate the void fraction of the two-phase flow in tube bundles. The experimental results of the two phase friction multiplier and two-phase Euler number for homogeneous and non-homogeneous two-phase flows are compared and evaluated against the analytical results given by Sim's model.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.10 no.6
• /
• pp.732-742
• /
• 1998

Prediction method for heat transfer coefficients in a horizontal smooth tube with forced convection condensation is proposed. In this paper, the analogy between momentum and heat transfer was applied to an annular flow regime and the logarithmic velocity distribution is applied to describe the velocity profile within the liquid film. Prediction results are compared with those of experimental ones. The test refrigerants are R113, R22, R134a, R407C(R33/R125/R134a, 23/25/52 wt%), R410A(R32/R125, 50/50 wt%) and R134a＋R123(R134a/R123, 85.5/14.5 wt%) which are used under operating conditions in a condenser of air-conditioner. The proposed prediction method shows good agreement with experimental data within$\pm 30%$ for pure refrigerants. For the mixture refrigerants including the ternary mixture refrigerant R407C, condensation heat transfer from this study are higher than those from experiments. By correcting the constant in two-phase frictional multiplier, the predicated heat transfer coefficients become similar to the experimental results.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.18 no.1
• /
• pp.38-46
• /
• 2006

The characteristics about the pressure drop in microtubes have been investigated. The test tubes are the circular, seamless, stainless steel tubes with an inner diameter of 0.244, 0.430, and 0.792 mm, respectively. R-l34a was used as a test fluid. Early flow transition which has been reported in some previous studies is not found in single-phase flow pressure drop tests. The conventional theory between friction factor and Reynolds number predicted the experimental friction factors within an absolute average deviation of $8.9\%$. The two-phase flow pressure drop increases for higher quality and mass flux, and for reduced inner diameter. The existing correlations fail to predict the experimental data. A new correlation to predict the two-phase flow pressure drop is developed in the form of the Lockhart-Martinelli correlation. The effects of the tube diameter and the surface tension were considered, and the correlation predicted the experimental data within an average absolute deviation of $8.1\%$.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.7 no.4
• /
• pp.589-599
• /
• 1995

The frictional pressure drop of a capillary tube flow is experimentally investigated for pure refrigerants such as R32, R125, and R134a and refrigerant mixtures such as R32/R134a(30/70 by mass percent), R32/R125(60/40), R125/R134a(30/70), and R32/R125/R134a(23/25/52). The binary interaction parameters for the calculation of viscosities of refrigerant mixtures are found based upon the data in the open literature. Several homogeneous flow models predicting the viscosity of two-phase region are compared to select the best model. Cicchitti's equation is known to be the most adequate for the prediction of the viscosity for refrigerant mixtures, which is used in the analysis of adiabatic capillary flows. A model for the prediction of the frictional pressure drop of single and two-phase flow is developed for refrigerant mixtures in this study. This model may be used to design and analyze the performance of a capillary tube in the refrigerating system.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.16 no.10
• /
• pp.977-983
• /
• 2004

An experimental study on saturated flow boiling heat transfer of R113 was peformed in a vertical narrow rectangular channel with offset strip fins. Two-phase pressure gradients and boiling heat transfer coefficients in an electrically heated test section were measured in the range of quality $0{\sim}0.6$, mass flux $17{\sim}43kg/m^{2}s$, and heat flux of $500{\sim}3,000W/m^2$ Two-phase friction multipliers were determined as a function of Lockhart-Martinelli parameter. Local boiling heat transfer coefficients were analysed in terms of mass flux, heat flux and local vapor quality. Correlation for boiling heat transfer coefficients was proposed, which was in good agreement with experimental data.

• Proceedings of the Korean Society of Precision Engineering Conference
• /
• 1997.10a
• /
• pp.923-928
• /
• 1997

An MCP (Microchannel Plate) is a secondary electron multiplier to detect and amplify electrons. An MCP has many rnicrochannels whose diameters range from 10 to 100pm and whose lengths range from 40 to 100times of the diameter. Each microchannel of the MCP amplifies electrons over IOOOtimes by the secondary electron emission. Even though MCPs have high performance for electron amplification, the application of MCPs is limited to high performance electronic equipments because of their high fabricating cost and the limit of increasing their size due to the conventional fabrication process. Therefore, in this work, microchannels of the MCP are manufactured by micro-drilling to reduce the cost of the MCP and to increase their size. Alumina green body with epoxy binder was machined for fabricating microchannels using a high speed air turbine spindle and micro-drills with diamond grinding abrasives. Then alumina MCP was fabricated through the sintering of the machined alumina green body.

• Tribology and Lubricants
• /
• v.8 no.2
• /
• pp.26-34
• /
• 1992

This paper suggests a method to predict the flying state of the head slider in a hard disk drive (HDD) by using an optimization technique. The modified Reynolds equation for the hydrodynamic lubrication theory under the slip flow condition is used to describe the air-bearing system and a Finite Volume Method (FVM) is applied to solve the equation. Especially, Augmented Lagrange Multiplier (ALM) method is employed to find the minimum flying height, the pitch angle and the roll angle of the slider, which is shown to be faster and more general than the conventional update schemes. By using the proposed method, the variations of the flying state are analyzed as a function of the slider position in the direction of the disk radius for various disk velocities and skew angles.

• Journal of the Korean Society for Aeronautical & Space Sciences
• /
• v.38 no.2
• /
• pp.141-149
• /
• 2010

This paper contains impulsive maneuver which considers fuel consumption balance of chief satellite and deputy satellite in satellite formation flying. Thrust input is obtained by Lagrange' Multiplier method which is constructed by cost function with weight parameter of each satellite. Energy matching constraint is applied for boundedness of relative orbit, and theoretical solutions are verified by simulation results. Simulations are divided into two scenarios, with or without air-drag effect. This paper's results are expected to be used in real satellite formation flying, when fuel-balancing impulsive maneuver for relative orbit boundedness is needed.