• Title/Summary/Keyword: Composite Index

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A Study on Co-movements and Information Spillover Effects Between the International Commodity Futures Markets and the South Korean Stock Markets: Comparison of the COVID-19 and 2008 Financial Crises

  • Yin-Hua Li;Guo-Dong Yang;Rui Ma
    • Journal of Korea Trade
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    • v.27 no.5
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    • pp.167-198
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    • 2023
  • Purpose - This paper aims to compare and analyze the co-movements and information spillover effects between the international commodity futures markets and the South Korean stock markets during the COVID-19 and the 2008 financial crises. Design/methodology - The DCC-GARCH model is used in the co-movements analysis. In contrast, the BEKK-GARCH model is used to evaluate information spillover effects. The statistical data used is from January 1, 2005, to December 31, 2022. It comprises the Korea Composite Stock Price Index data and daily international commodity futures prices of natural gas, West Texas Intermediate crude oil, gold, silver, copper, nickel, soybean, and wheat. Findings - The results of the co-movement analysis were as follows: First, it was shown that the co-movements between the international commodity futures markets and the South Korean stock markets were temporarily strengthened when the COVID-19 and 2008 financial crises occurred. Second, the South Korean stock markets were shown to have high correlations with the copper, nickel, and crude oil futures markets. The results of the information spillover effects analysis are as follows: First, before the 2008 financial crisis, four commodity futures markets (natural gas, gold, copper, and wheat) were shown to be in two-way leading relationships with the South Korean stock markets. In contrast, seven commodity futures markets, except for the natural gas futures market, were shown to be in two-way leading relationships with the South Korean stock markets after the financial crisis. Second, before the COVID-19 crisis, most international commodity futures markets, excluding natural gas and crude oil future markets, were shown to have led the South Korean stock markets in one direction. Third, it was revealed that after the COVID-19 crisis, the connections between the South Korean stock markets and the international commodity futures markets, except for natural gas, crude oil, and gold, were completely severed. Originality/value - Useful information for portfolio strategy establishment can be provided to investors through the results of this study. In addition, it is judged that financial policy authorities can utilize the results as data for efficient regulation of the financial market and policy establishment.

Thermodynamical bending analysis of P-FG sandwich plates resting on nonlinear visco-Pasternak's elastic foundations

  • Abdeldjebbar Tounsi;Adda Hadj Mostefa;Abdelmoumen Anis Bousahla;Abdelouahed Tounsi;Mofareh Hassan Ghazwani;Fouad Bourada;Abdelhakim Bouhadra
    • Steel and Composite Structures
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    • v.49 no.3
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    • pp.307-323
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    • 2023
  • In this research, the study of the thermoelastic flexural analysis of silicon carbide/Aluminum graded (FG) sandwich 2D uniform structure (plate) under harmonic sinusoidal temperature load over time is presented. The plate is modeled using a simple two dimensional integral shear deformation plate theory. The current formulation contains an integral terms whose aim is to reduce a number of variables compared to others similar solutions and therefore minimize the computation time. The transverse shear stresses vary according to parabolic distribution and vanish at the free surfaces of the structure without any use of correction factors. The external load is applied on the upper face and varying in the thickness of the plates. The structure is supposed to be composed of "three layers" and resting on nonlinear visco-Pasternak's-foundations. The governing equations of the system are deduced and solved via Hamilton's principle and general solution. The computed results are compared with those existing in the literature to validate the current formulation. The impacts of the parameters (material index, temperature exponent, geometry ratio, time, top/bottom temperature ratio, elastic foundation type, and damping coefficient) on the dynamic flexural response are studied.

Sleep Duration, Comorbidities, and Mortality in Korean Health Examinees: A Prospective Cohort Study

  • Sukhong Min;Woo-Kyoung Shin;Katherine De la Torre;Dan Huang;Hyung-Suk Yoon;Aesun Shin;Ji-Yeob Choi;Daehee Kang
    • Journal of Preventive Medicine and Public Health
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    • v.56 no.5
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    • pp.458-466
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    • 2023
  • Objectives: The association between long sleep duration and mortality is frequently attributed to the confounding influence of comorbidities. Nevertheless, past efforts to account for comorbidities have yielded inconsistent outcomes. The objective of this study was to evaluate this relationship using a large prospective cohort in Korea. Methods: The study included 114 205 participants from the Health Examinees Study, who were followed for a median of 9.1 years. A composite comorbidity score was developed to summarize the effects of 21 diseases. Using Cox proportional hazards regression, hazard ratios (HRs) and 95% confidence intervals (CIs) for all-cause, cancer, and cardiovascular mortality associated with sleep duration were estimated. These estimates were adjusted for socio-demographic factors, lifestyle factors, body mass index, and comorbidity score. Additionally, a stratified analysis by subgroups with and without comorbidities was conducted. Results: Throughout the follow-up period, 2675 deaths were recorded. After all adjustments, an association was observed between a sleep duration of 8 hours or more and all-cause mortality (HR, 1.10; 95% CI, 1.01 to 1.20). However, no such association was detected in the stratified analysis for the subgroups based on comorbidity status. Conclusions: Long sleep duration was found to be associated with all-cause mortality among Koreans, even after adjusting for comorbidities. Additional studies are required to explore the mechanism underlying the association between sleep duration and major causes of mortality.

Using DQ method for vibration analysis of a laminated trapezoidal structure with functionally graded faces and damaged core

  • Vanessa Valverde;Patrik Viktor;Sherzod Abdullaev;Nasrin Bohlooli
    • Steel and Composite Structures
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    • v.51 no.1
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    • pp.73-91
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    • 2024
  • This paper has focused on presenting vibration analysis of trapezoidal sandwich plates with a damaged core and FG wavy CNT-reinforced face sheets. A damage model is introduced to provide an analytical description of an irreversible rheological process that causes the decay of the mechanical properties, in terms of engineering constants. An isotropic damage is considered for the core of the sandwich structure. The classical theory concerning the mechanical efficiency of a matrix embedding finite length fibers has been modified by introducing the tube-to-tube random contact, which explicitly accounts for the progressive reduction of the tubes' effective aspect ratio as the filler content increases. The First-order shear deformation theory of plate is utilized to establish governing partial differential equations and boundary conditions for the trapezoidal plate. The governing equations together with related boundary conditions are discretized using a mapping-generalized differential quadrature (GDQ) method in spatial domain. Then natural frequencies of the trapezoidal sandwich plates are obtained using GDQ method. Validity of the current study is evaluated by comparing its numerical results with those available in the literature. After demonstrating the convergence and accuracy of the method, different parametric studies for laminated trapezoidal structure including carbon nanotubes waviness (0≤w≤1), CNT aspect ratio (0≤AR≤4000), face sheet to core thickness ratio (0.1 ≤ ${\frac{h_f}{h_c}}$ ≤ 0.5), trapezoidal side angles (30° ≤ α, β ≤ 90°) and damaged parameter (0 ≤ D < 1) are carried out. It is explicated that the damaged core and weight fraction, carbon nanotubes (CNTs) waviness and CNT aspect ratio can significantly affect the vibrational behavior of the sandwich structure. Results show that by increasing the values of waviness index (w), normalized natural frequency of the structure decreases, and the straight CNT (w=0) gives the highest frequency. For an overall comprehension on vibration of laminated trapezoidal plates, some selected vibration mode shapes were graphically represented in this study.

A Study on Consolidation Settlement Calculation of Cutting Soft Clay as Fill Material (절취 연약점성토의 성토재 활용에 따른 압밀침하량 산정에 관한 연구)

  • Yonghee Park
    • Journal of the Korean GEO-environmental Society
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    • v.25 no.4
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    • pp.5-12
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    • 2024
  • In the case of creating a site in the reclaimed land (public waters), due to the nature of the coastal sedimentary ground, large-scale construction materials are required, It is necessary to utilize soft clay, which is inevitably generated during construction of the complex, as a fill material in terms of resource recycling and economic aspects (reducing the amount of embankment required). In this study, changes in the consolidation characteristics of cut-out disturbed soft clay due to the recycling of soft clay soil were identified, and a consolidation settlement design plan was proposed. Through the results of the consolidation test of the study site, the change in consolidation characteristics (compression index reduction, precede load uncountable) due to disturbance (cutting) was confirmed, the method of calculating (consolidation settlement) the filling clay layer as the composite target layer (consolidation target layer, loading load layer) was analyzed as a result consistent with the actual behavior.

Bio-based Polypropylene Composites: Plausible Sustainable Alternative to Plastics in Automotive Applications

  • Ji Won Kwon;Sarbaranjan Paria;In Soo Han;Hyeok Jee;Sung Hwa Park;Sang Hwan Choi;Jeong Seok Oh
    • Elastomers and Composites
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    • v.59 no.2
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    • pp.51-63
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    • 2024
  • Polypropylene (PP) is a commodity plastic that is widely used owing to its cost-effectiveness, lightweight nature, easy processability, and outstanding chemical and thermomechanical characteristics. However, the imperative to address energy and environmental crises has spurred global initiatives toward a circular economy, necessitating sustainable alternatives to traditional fossil-fuel-derived plastics. In this study, we conducted a series of comparative investigations of bio-based polypropylene (bio-PP) blends with current PP of the same and different grades. An extrusion-based processing methodology was employed for the bio-PP composites. Talc was used as an active filler for the preparation of the composites. A comparative analysis with the current petroleum-based PP indicated that the thermal properties and tensile characteristics of the bio-PP blends and composites remained largely unaltered, signifying the feasibility of bio-PP as a potential substitute for the current PP. To achieve a higher Young's modulus, elongation at break (EAB), and melt flow index (MFI), we prepared different composites of PP of different grades and bio-PP with varying talc contents. Interestingly, at higher biomass contents, the composites exhibited higher MFI and EAB values with comparable Young's moduli. Notably, the impact strengths of the composites with various biomass and talc contents remained unaltered. In-depth investigations through surface analysis confirmed the uniform dispersion of talc within the composite matrix. Furthermore, the moldability of the bio-PP composites was substantiated by comprehensive rheological property assessments encompassing shear rate and shear viscosity. Thus, from these outcomes, the fabricated bio-PP-based composites could be an alternative to petroleum-based PP composites for sustainable automobile applications.

Hybrid machine learning with HHO method for estimating ultimate shear strength of both rectangular and circular RC columns

  • Quang-Viet Vu;Van-Thanh Pham;Dai-Nhan Le;Zhengyi Kong;George Papazafeiropoulos;Viet-Ngoc Pham
    • Steel and Composite Structures
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    • v.52 no.2
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    • pp.145-163
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    • 2024
  • This paper presents six novel hybrid machine learning (ML) models that combine support vector machines (SVM), Decision Tree (DT), Random Forest (RF), Gradient Boosting (GB), extreme gradient boosting (XGB), and categorical gradient boosting (CGB) with the Harris Hawks Optimization (HHO) algorithm. These models, namely HHO-SVM, HHO-DT, HHO-RF, HHO-GB, HHO-XGB, and HHO-CGB, are designed to predict the ultimate strength of both rectangular and circular reinforced concrete (RC) columns. The prediction models are established using a comprehensive database consisting of 325 experimental data for rectangular columns and 172 experimental data for circular columns. The ML model hyperparameters are optimized through a combination of cross-validation technique and the HHO. The performance of the hybrid ML models is evaluated and compared using various metrics, ultimately identifying the HHO-CGB model as the top-performing model for predicting the ultimate shear strength of both rectangular and circular RC columns. The mean R-value and mean a20-index are relatively high, reaching 0.991 and 0.959, respectively, while the mean absolute error and root mean square error are low (10.302 kN and 27.954 kN, respectively). Another comparison is conducted with four existing formulas to further validate the efficiency of the proposed HHO-CGB model. The Shapely Additive Explanations method is applied to analyze the contribution of each variable to the output within the HHO-CGB model, providing insights into the local and global influence of variables. The analysis reveals that the depth of the column, length of the column, and axial loading exert the most significant influence on the ultimate shear strength of RC columns. A user-friendly graphical interface tool is then developed based on the HHO-CGB to facilitate practical and cost-effective usage.

A new three-dimensional model for free vibration analysis of functionally graded nanoplates resting on an elastic foundation

  • Mahsa Najafi;Isa Ahmadi;Vladimir Sladek
    • Steel and Composite Structures
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    • v.52 no.3
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    • pp.273-291
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    • 2024
  • This paper presents a three-dimensional displacement-based formulation to investigate the free vibration of functionally graded nanoplates resting on a Winkler-Pasternak foundation based on the nonlocal elasticity theory. The material properties of the FG nanoplate are considered to vary continuously through the thickness of the nanoplate according to the power-law distribution model. A general three-dimensional displacement field is considered for the plate, which takes into account the out-of-plane strains of the plate as well as the in-plane strains. Unlike the shear deformation theories, in the present formulation, no predetermined form for the distribution of displacements and transverse strains is considered. The equations of motion for functionally graded nanoplate are derived based on Hamilton's principle. The solution is obtained for simply-supported nanoplate, and the predicted results for natural frequencies are compared with the predictions of shear deformation theories which are available in the literature. The predictions of the present theory are discussed in detail to investigate the effects of power-law index, length-to-thickness ratio, mode numbers and the elastic foundation on the dynamic behavior of the functionally graded nanoplate. The present study presents a three-dimensional solution that is able to determine more accurate results in predicting of the natural frequencies of flexural and thickness modes of nanoplates. The effects of parameters that play a key role in the analysis and mechanical design of functionally graded nanoplates are investigated.

EVALUATION OF GINGIVAL CONDITION ON CHILDREN USING PERIOTRON (Periotron을 이용한 소아 치은 상태의 평가)

  • Shin, Jeong-Geun;Kim, Jae-Gon;Yang, Yeon-Mi;Kim, Sung-Hee;Baik, Byeong-Ju
    • Journal of the korean academy of Pediatric Dentistry
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    • v.33 no.3
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    • pp.411-421
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    • 2006
  • In children, during developing occlusion stage, many studies confirm a high prevalence of gingival inflammation. Prevention, early diagnosis and treatment of gingival and periodontal disease is important because by establishing excellent oral hygiene habits in children, the risk of periodontal disease can be on the decrease in adulthood. This study evaluated the gingival conditions of 50 children$(8.5{\pm}3.1years)$ and 20 $adults(26.1{\pm}3.3 years)$ receiving clinical examination and GCF test at the pediatric dentistry of Chonbuk national university hospital in Jeonju, Korea. I estimated children's and adult's gingival states by measuring gingival crevicular fluid(GCF) using Periopaper and $Periotron^{(R)}$ 8000, gingival index, plaque index, DMFT scale. The results were as follows : 1. There are no statistical differences of GCF volume among the groups of the primary dentition, tooth erupting stage, complete eruption stage(p>0.1). But mean value of GCF is highest at the tooth erupting stage. 2. Comparing with adults, children have higher mean value of GCF volume with statistical differences (p<0.001). 3. There is statistically positive relationship between volume of GCF and gingival index (GI), plaque index(PLI) in both adults and children(GI; r=0.394, PLI ; r= 0.642). 4. There is no relationship between GCF volume and dental caries, composite resin treatments (p>0.05). But There is statistically positive relationship between GCF and orthodontic treatments(p<0.001) 5. Primary dentition has higher mean value of DMFT than permanent dentition(p<0.001). But there is no statistical relationship between GCF and DMFT (p>0.1).

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The Clinical Utility of Korean Bayley Scales of Infant and Toddler Development-III - Focusing on using of the US norm - (베일리영유아발달검사 제3판(Bayley-III)의 미국 규준 적용의 문제: 미숙아 집단을 대상으로)

  • Lim, Yoo Jin;Bang, Hee Jeong;Lee, Soonhang
    • Korean journal of psychology:General
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    • v.36 no.1
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    • pp.81-107
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    • 2017
  • The study aims to investigate the clinical utility of Bayley-III using US norm in Korea. A total of 98 preterm infants and 93 term infants were assessed with the K-Bayley-III. The performance pattern of preterm infants was analyzed with mixed design ANOVA which examined the differences of scaled scores and composite scores of Bayley-III between full term- and preterm- infant group and within preterm infants group. Then, We have investigated agreement between classifications of delay made using the BSID-II and Bayley-III. In addition, ROC plots were constructed to identify a Bayley-III cut-off score with optimum diagnostic utility in this sample. The results were as follows. (1) Preterm infants have significantly lower function levels in areas of 5 scaled scores and 3 developmental indexes compared with infants born at term. Significant differences among scores within preterm infant group were also found. (2) Bayley-III had the higher scores of the Mental Development Index and Psychomotor Developmental Index comparing to the scores of K-BSID-II, and had the lower rates of developmental delay. (3) All scales of Bayley-III, Cognitive, Language and Motor scale had the appropriate level of discrimination, but the cut-off composite scores of Bayley-III were adjusted 13~28 points higher than 69 for prediction of delay, as defined by the K-BSID-II. It explains the lower rates of developmental delay using the standard of two standard deviation. This study has provided empirical data to inform that we must careful when interpreting the score for clinical applications, identified the discriminating power, and proposed more appropriate cut-off scores. In addition, discussion about the sampling for making the Korean norm of Bayley-III was provided. It is preferable that infants in Korea should use our own validated norms. The standardization process to get Korean normative data must be performed carefully.