• 제목/요약/키워드: CHILE

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Social Factors and Herd Behaviour in Developed Markets, Advanced Emerging Markets and Secondary Emerging Markets

  • Loang, Ooi Kok;Ahmad, Zamri
    • Journal of Contemporary Eastern Asia
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    • 제19권1호
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    • pp.97-122
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    • 2020
  • This paper examines the existence of herd behaviour in fifteen (15) global stock markets, which consist of Developed Markets (Canada, Hong Kong, Japan, Singapore and the United Kingdom), Advanced Emerging Markets (Brazil, Malaysia, Mexico, Poland and South Africa) and Secondary Emerging Markets (Chile, China, Indonesia, the Philippines and Russia) by using Cross Sectional Absolute Deviation (CSAD) method of Chiang and Zheng (2010). It also seeks to explore the impact of social factors such as prosperity, education, ageing society, industry orientation and gender on the existence of market-wide herding. The findings of this paper indicate that herd behaviour exists in Singapore (Developed Market), Mexico, Poland and South Africa (Advanced Emerging Markets) and China and the Philippines (Secondary Emerging Markets). No evidence of herding is observed for Canada, Hong Kong, Japan, United Kingdom, Brazil, Malaysia, Chile, Indonesia and Russia. Ageing society is also found to have significant impact on the existence of herd behaviour. Nonetheless, prosperity, education, industry orientation and gender are found to be insignificant to herding. This study sheds some light on whether social factors determine herding behaviour in the 15 selected stock markets.

Seismic performance of moment connections in steel moment frames with HSS columns

  • Nunez, Eduardo;Torres, Ronald;Herrera, Ricardo
    • Steel and Composite Structures
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    • 제25권3호
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    • pp.271-286
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    • 2017
  • The use of Hollow Structural Sections (HSS) provides an alternative for steel buildings in seismic zones, with the advantage over WF columns that the HSS columns have similar resistance along both axes and enhanced performance under flexure, compression and torsion with respect to other columns sections. The HSS columns have shown satisfactory performance under seismic loads, such as observed in buildings with steel moment frames in the Honshu earthquake (2011). The purpose of this research is to propose a new moment connection, EP-HSS ("End-plate to Hollow Structural Section"), using a wide flange beam and HSS column where the end plate falls outside the range of prequalification established in the ANSI/AISC 358-10 Specification, as an alternative to the traditional configuration of steel moment frames established in current codes. The connection was researched through analytical, numerical (FEM), and experimental studies. The results showed that the EP-HSS allowed the development of inelastic action on the beam only, avoiding stress concentrations in the column and developing significant energy dissipation. The experiments followed the qualification protocols established in the ANSI/AISC 341-10 Specification satisfying the required performance for highly ductile connections in seismic zones, thereby ensuring satisfactory performance under seismic actions without brittle failure mechanisms.

Implementation and Comparison of Controllers for Planar Robots

  • Kern, John;Urrea, Claudio;Torres, Hugo
    • Journal of Electrical Engineering and Technology
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    • 제12권2호
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    • pp.926-936
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    • 2017
  • The nonlinear behavior and the high performance requirement are the main problems that appear in the design of manipulator robots and their controllers. For that reason, the simulation, real-time execution and comparison of the performance of controllers applied to a robot with three degrees of freedom are presented. Five controllers are prepared to test the robot's dynamic model: predictive; hyperbolic sine-cosine; sliding mode; hybrid composed of a predictive + hyperbolic sine-cosine controller; and adaptive controller. A redundant robot, a communication and signal conditioning interface, and a simulator are developed by means of the MatLab/Simulink software, which allows analyzing the dynamic performance of the robot and of the designed controllers. The manipulator robot is made to follow a test trajectory which, thanks to the proposed controllers, it can do. The results of the performance of this manipulator and of its controllers, for each of the three joints, are compared by means of RMS indices, considering joint errors according to the imposed trajectory and to the controller used.

Lessons of Incremental Housing Two Chilean Case Studies: Elemental Lo Espejo and Las Higuera

  • Marinovic, Goran Ivo;Baek, Jin
    • Architectural research
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    • 제18권4호
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    • pp.121-128
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    • 2016
  • Low-income housing policies in South Korea have been pursued mostly by providing public rental housing for less privileged social groups. In contrast to this notion of housing, this article argues for housing ownership by low-income families. Two examples of this ownership policy are found in Chile. Incremental housing involves an open-ended housing platform, which requires home-dwellers to complete the construction process themselves. This article aims to examine structural, spatial and formal characteristics of the incremental housing projects. Taking the perspective of the home-dweller during the incremental construction process, we evaluate the houses before and after customization. Thus, we use data from field-work conducted for seven months in the Santiago Metropolitan Area of Chile. Using qualitative methods such as observation, semi-structured interviews, and surveys we focus on the Elemental Lo Espejo incremental housing project and then compare it with the Las Higuera housing project. The latter is representative of the incremental houses delivered by the Chilean government. In comparing these two projects, we aim to articulate the lessons of incremental housing with the intention of suggesting possible future developments for a wider-reaching incremental housing program.

한국소비자의 수입원산지 제품의 국가별 반응도에 관한 연구 (A Study on the Countries Responsibility of Country-of-Origin Product of the Korea Customer)

  • 이제홍
    • 통상정보연구
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    • 제12권1호
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    • pp.353-373
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    • 2010
  • This paper researched on countries effect of country-of origin product of the Korea customer. Also This study was analysis to purchase frequency and purchase place for products of the U.S.A, Japan, China, EU, and Chile in Korea market. That is to say, this study is reviewing on country image subject including country of origin. According to WTO rule, The rules of origin should be administered in a consistent, uniform, impartial and reasonable manner. The objective of this article is to explore the relationship between country of origin and consumer effect using empirical analysis. The country of origin was divided into country of design, assembly, and parts. A survey questionnaire was sent to 250 customer in Korea market, and 220 usable responses were obtained. The 213 samples are analyzed with the countries origin effect. Multiple regression results show that the U.S.A and Japan product are positively affected by the purchase effectiveness of Korea customer's. However, The EU, China and Chile products do not affect effectiveness in Korea market. This article contributes to a understanding of effects of country-or-origin. When the nation image has been made, marketing approaches considering both image of country of manufacture origin and motivational focus can be utilized simultaneously.

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Trajectory Tracking Control of a Real Redundant Manipulator of the SCARA Type

  • Urrea, Claudio;Kern, John
    • Journal of Electrical Engineering and Technology
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    • 제11권1호
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    • pp.215-226
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    • 2016
  • Modeling, control and implementation of a real redundant robot with five Degrees Freedom (DOF) of the SCARA (Selective Compliant Assembly Robot Arm) manipulator type is presented. Through geometric methods and structural and functional considerations, the inverse kinematics for redundant robot can be obtained. By means of a modification of the classical sliding mode control law through a hyperbolic function, we get a new algorithm which enables reducing the chattering effect of the real actuators, which together with the learning and adaptive controllers, is applied to the model and to the real robot. A simulation environment including the actuator dynamics is elaborated. A 5 DOF robot, a communication interface and a signal conditioning circuit are designed and implemented for feedback. Three control laws are executed in: a simulation structure (together with the dynamic model of the SCARA type redundant manipulator and the actuator dynamics) and a real redundant manipulator of the SCARA type carried out using MatLab/Simulink programming tools. The results, obtained through simulation and implementation, were represented by comparative curves and RMS indices of the joint errors, and they showed that the redundant manipulator, both in the simulation and the implementation, followed the test trajectory with less pronounced maximum errors using the adaptive controller than the other controllers, with more homogeneous motions of the manipulator.

Shear strength model for reinforced concrete corbels based on panel response

  • Massone, Leonardo M.;Alvarez, Julio E.
    • Earthquakes and Structures
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    • 제11권4호
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    • pp.723-740
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    • 2016
  • Reinforced concrete corbels are generally used to transfer loads within a structural system, such as buildings, bridges, and facilities in general. They commonly present low aspect ratio, requiring an accurate model for shear strength prediction in order to promote flexural behavior. The model described here, originally developed for walls, was adapted for corbels. The model is based on a reinforced concrete panel, described by constitutive laws for concrete and steel and applied in a fixed direction. Equilibrium in the orthogonal direction to the shearing force allows for the estimation of the shear stress versus strain response. The original model yielded conservative results with important scatter, thus various modifications were implemented in order to improve strength predictions: 1) recalibration of the strut (crack) direction, capturing the absence of transverse reinforcement and axial load in most corbels, 2) inclusion of main (boundary) reinforcement in the equilibrium equation, capturing its participation in the mechanism, and 3) decrease in aspect ratio by considering the width of the loading plate in the formulation. To analyze the behavior of the theoretical model, a database of 109 specimens available in the literature was collected. The model yielded an average model-to-test shear strength ratio of 0.98 and a coefficient of variation of 0.16, showing also that most test variables are well captured with the model, and providing better results than the original model. The model strength prediction is compared with other models in the literature, resulting in one of the most accurate estimates.

An Econometric Analysis of Imported Softwood Log Markets in South Korea - on the Basis of the Lagged Dependent Variable -

  • Park, Yong Bae;Youn, Yeo-Chang
    • 한국산림과학회지
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    • 제98권2호
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    • pp.148-155
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    • 2009
  • The objective of this study is to know market structures of softwood logs being imported to South Korea from log producing countries. Import demand of softwood logs imported to South Korea from America, New Zealand and Chile is fixed as a function of log prices, the lagged dependent variable and output. On the basis of the adaptive expectations model, linear regression models that the explanatory variables included and the lagged dependent variable were estimated by Seemingly Unrelated Regression Equations (SURE). The short-run and long-run own price elasticity of America's softwood log import demand is -1.738 and -4.250 respectively. Then long-run elasticity is much higher than short-run elasticity. Short-run and long-run crosselasticity of New Zealand's softwood log import demand with respect to American's softwood log import price are inelastic at 0.505 and 0.883 respectively. Short-run and long-run cross-elasticity of Chile's softwood log import demands with respect to American's softwood log import prices were highly elastic at 2.442 and 4.462 respectively. Long-run elasticity was almost twice as high as short-run elasticity.

The Lago Sofia Conglomerate : Debris Flow to Hyperconcentrated Flow Deposits in a Cretaceous Submarine Channel, Southern Chile

  • Choe, Moon-Young;Sohn, Young-Kwan;Jo, Hyung-Rae;Kim, Yea-Dong
    • Ocean and Polar Research
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    • 제24권3호
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    • pp.289-300
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    • 2002
  • The Lago Sofia conglomerates encased in the Cretaceous Cerro Toro Formation, southern Chile, represent a gigantic submarine channel system developed along a foredeep trough. The channel system consists of several tributaries along the trough margin and a trunk channel along the trough axis. Voluminous debris flows were generated ubiquitously along the tract of the submarine channel mainly by the failure of nearby channel banks or slopes. The flows transformed immediately into multiphase flows and resulted in very thick-bedded mass-flow deposits with a peculiar structure sequence. The mass-flow deposits commonly overlie fluted or grooved surfaces and consist of a lower division of clast-supported and imbricated pebble-cobble conglomerate with common basal inverse grading, and an upper division of clast- to matrix-supported and disorganized pebble conglomerate or pebbly mudstone with abundant intraformational clasts. The structure sequence suggests a temporal succession of a turbidity current, a bipartite hyperconcentrapted flow with active clast collisions near the flow base, and a cohesive debris flow probably with a rigid plug. The multiphase flow is interpreted to have resulted from transformation of clast-rich but cohesive debris flows. Cohesive debris flows appear to transform more easily into dilute flow types in subaqueous environments because they are apt to hydroplane. This is in contrast to the flow transitions in subaerial environments where noncohesive debris flows are dominant and difficult to hydroplane.