• Title/Summary/Keyword: Consolidation effect

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The Effect of Capital Market Consolidation Act on the Efficiency of the Korean Financial Industry (자본시장통합법 시행에 따른 금융회사 효율성의 변화)

  • Kang, Soo-Min;Min, Jae H.
    • Korean Management Science Review
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    • v.29 no.3
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    • pp.23-43
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    • 2012
  • Enacted for enhancing the competitiveness of the Korean capital market and financial industry, Capital Market Consolidation Act (CMCA) was intended to induce considerable changes such as adopting the concept of financial investment products, regulating financial investment functionally, extending financial investors' business areas and intensifying protection for investors. Employing DEA (Data Envelopment Analysis), this study measures and compares the efficiencies of domestic financial companies between the before and after the enactment of the Consolidation Act. We categorize the financial companies into 4 groups (banks, life insurance companies, property and casualty insurance companies and securities companies) depending on their business types, and evaluate how much and in which direction the Consolidation Act affects the efficiency of each group respectively. The study shows that there is no significant difference between the average efficiency of banks and that of property and casualty insurance companies due to the trade-off between opportunities and threats of the Act. To the contrary, it shows that the respective average efficiencies of life insurance companies and securities companies moved in the opposite directions to a considerable extent. Through empirical tests, we demonstrate the effect of the Act on the efficiency of Korean financial companies, and suggest the countermeasures for each financial group against the Act.

Ultrasonically Enhanced Stabilization of Soft Clay (초음파를 이용한 연약지반 안정화 촉진)

  • Kim, Young-Uk;Kim, Byoung-Il;Song, Young-Karb
    • Proceedings of the Korean Geotechical Society Conference
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    • 2004.03b
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    • pp.684-691
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    • 2004
  • Various researches have been undertaken to develope a method of enhancing consolidation. This study investigated the effect of ultrasound on consolidation through a series of laboratory experiments. The tests were conducted using a specially designed and fabricated equipments which can apply ultrasonic energy on a soil sample at consolidation test. Specimens were prepared using a centrifuge facility, and test conditions included ultrasonic power and treatment time. The results of the study show that the effect of ultrasonic energy on consolidation is significant. The degree of significance varies with the test conditions. It could be concluded that the study showed potential application of ultrasound to enhance consolidation.

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Application of Ultrasonic Energy to Fast Consolidation of Soft Clays (연약지만 압밀 촉진을 위한 초음파 에너지의 활용)

  • Park, Ji-Ho;Hwang, Jung-Ha;Kim, Young-Uk
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.9 no.4
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    • pp.1039-1042
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    • 2008
  • Dredged fills have been widely used to secure a land for the engineering activities. Before the useful application of the area, the soils should be consolidated to acquire the aquate shear strength. Several research projects have attempted to develop a method fur accelerating the consolidation of soft clay. Our study examined the effect of ultrasonic energy on the consolidation of soft clay, Tests were conducted using specially designed and fabricated equipment that was capable of directly applying ultrasonic energy to soil samples during consolidation tests. The specimens were prepared from slurry using a centrifuge facility, and tests were conducted at various levels of ultrasonic power and treatment time. The study showed that ultrasonic energy had a considerable effect on consolidation time, suggesting that ultrasound can be used to reduce the consolidation time of soft clay.

Consolidation Characteristics at the Constant Rate of Strain(CRS) Test (일정변형률(CRS) 시험에서의 압밀특성)

  • Lee, Dal-Won;Kim, Si-Jung
    • Korean Journal of Agricultural Science
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    • v.37 no.3
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    • pp.491-499
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    • 2010
  • This study was carried out to investigate the consolidation characteristics of the remolded clay by the oedometer and the constant rate of strain(CRS) consolidation tests. As the rate of strain increases, the settlement rapidly decreased. As the ratio of the sand in the specimen increases, its effect on the rate of strain to the settlement was reduced. As the effective stress increased, the void ratio decreased, while the rate of strain increased, it did not show a clear variation. The reduction of the void ratio was shown to be less than the oedometer test. The coefficient of vertical consolidation with effective stress showed very large variation around preconsolidation stress, but the rate of strain did not provide significant effects. The rate of strain with effective stress gradually decreased at all tests and mixed ratio of sand. The rate of strain at the constant rate of strain tests showed smaller than in the oedometer test. The coefficient of consolidation at the constant rate of strain tests showed much more increase than in the oedometer test. The ratio of the vertical coefficient of consolidation by the odometer and the constant rate of strain tests showed a large difference according to various tests method and mixing ratio. Therefore, it is recommended that careful attention should be paid to designing the soft ground improvement.

Consolidation Behavior of Soft Ground by prefabricated Vertical Drains (연직드레인 공법에 의한 연약지반의 압밀거동)

  • 이달원
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.42 no.5
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    • pp.133-143
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    • 2000
  • A large scale field test of prefabricated vertical drains was performed to anayze the effect of parameters of the very soft clay at a test site. compression index and the coefficient of horizontal consolidation obtained by back-analysis of settlement data were compared with those obtained by means of laboratory tests. Hyperbolic method, Asaoka meoth and curve fitting method were used to compute final settlement of coefficient of consolidation. The relationships of settlement measurement(Sm) versus design settlement(St) and the measurement consolidation ratio(Um) versus design consolidation (Ut) were shown as Sm=(1.0~1.1) St , Um=(1.13~1.17) Ut at 1.0m spacing of drain and Sm=(0.7~0.8)St, Um= (0.92~0.99) Ut at 1.5 m spacing of drain, respectively . The relationships of the field compression index(CcField) and virgin compression index(vcc lab) were shown as Ccfield =(1.0~1.2)vcc lab . But it was nearly within the same range when considering the error factor with the determination method of virgin compression index and the prediction back-analysis of the settlement data was larger than the coefficient of vertical consolidation, and the ratio of consolidation coefficient (Ch/Cv) was Ch =(2.4~2.9) Cv , Ch=(3.4~4.2) Cv at 1.0m and 1.5m spacing of drain, respectively.

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Assessment for Amount Increment of Dredged Soil using infiltrated consolidation method (침투압밀공법을 이용한 준설투기용량 산정)

  • Kwak, No-Kyung;Lee, Mu-Cheol;Lee, Song
    • Proceedings of the Korean Geotechical Society Conference
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    • 2009.03a
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    • pp.1198-1209
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    • 2009
  • In this study, an experimental research on the acceleration effect of dredged soil's self weight consolidation with seepage consolidation and PBD was conducted. The middle-sized consolidation equipment had been manufactured in order to investigate the acceleration of sedimentation and self-weight consolidation by PBD and a lower drainage. Seepage pressure was applied to the PBD installed in the center of the test equipment and a drainage by seepage pressure was allowed. The comparison between cases with and without PBD and seepage pressure reveals that the quantity of drained water and the amount of settlement was nearly 1.2 times to 3.68 times greater in the case with PBD and seepage. Early consolidation completion and the use of reclaimed site are expected due to the acceleration of settlement and increase of the quantity of reclamation if PBD is installed while being reclaiming using the result of the research.

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Numerical Analysis on Effects of Horizontal Drain Arrangement of Vacuum Consolidation (수평배수재 배열의 진공압밀효과에 대한 수치해석)

  • Park, Byung-Soo;Jeong, Gil-Soo;Lee, Jong-Ho;Yoo, Nam-Jae
    • Journal of Industrial Technology
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    • v.23 no.A
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    • pp.109-118
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    • 2003
  • This paper is results of numerical works of investigating effects of horizontal drain arrangements on vacuum consolidation. Extensive numerical analyses were carried out to find the appropriate arrangements of horizontal drain of vacuum consolidation. Commercially available program of CRISP, well known to be good to modelling the behavior of clay material, was used Cam-clay model, based on the Critical State of Soil Mechanics(CSSM), was used to simulate the geotechnical engineering behavior of clay. Model test results carried out previously in the laboratory were compared with numerically estimated results and it was found that results about consolidational settlement with times were in good agreements. Based on this confirmation, parametric numerical study was performed to investigate effects of horizontal drain arrangements on vacuum consolidation with changing the vertical and horizontal spacings between drains for the given soil properties and vacuum. The effect of distance of drain located in top layer from the surface of the ground on the settlement due to vacuum was also investigated. As a results of numerical analyses, appropriate arrangements of horizontal drain to maximize the consolidation settlement due to vacuum were found. The mechanism of vacuum consolidation about the vacuum pressures being transferred to the effective stresses around drains was also evaluated.

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Investigation of the Lining Load Induced by Backfill and Consolidation Grouting (배면 및 압밀그라우팅에 의한 터널 라이닝 하중 연구)

  • 박동순;김학준;김완영
    • The Journal of Engineering Geology
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    • v.13 no.4
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    • pp.445-456
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    • 2003
  • Backfill grouting and consolidation grouting are major reinforcing methods that enhance the stability of tunnel by filling the gap between the tunnel lining and the ground and increasing the stiffness of the ground. However, the effect of the grouting on the tunnel lining is not well established. Field measurements such as pressuremeter test, Lugeon test, and lining instruments were peformed to analyze the grouting effect on the tunnel lining for a waterway tunnel. The elastic modulus was increased up to 5 times than that of original rock mass due to consolidation grouting. This study shows that only 10% of grout pressure was acting on the back face of the tunnel lining. The final results are expected to be used for the design of the concrete lining.

Consolidation Analysis for PVD Installed Soft Ground Using a Modified Theoretical Solution (변형된 이론해를 이용한 연직배수재 설치 지반의 압밀해석)

  • Hong, Sung-Jin;Kim, Dong-Hee;Kim, Yun-Tae;Kim, Hyung-Sub;Lee, Woo-Jin
    • Journal of the Korean Geotechnical Society
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    • v.28 no.1
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    • pp.41-53
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    • 2012
  • As the permeability of soil adjacent to the vertical drain has a decisive effect on the rate of consolidation, the permeability of smear zone governs the rate of radial consolidation of PVD installed soft ground. In this study, a method was suggested to analyze the radial consolidation, based on consolidation characteristics of remolded clay, and was used to evaluate the consolidation of soft clay layer in Busan Newport. The suggested method provides more reliable consolidation behaviors than the conventional approach, which is based on the consolidation characteristics of undisturbed clay. The suggested method is also observed to be relatively insensitive to the uncertainty of $k_h/k_s$. The comparison between the analysis and field measurement revealed that the suggested method provided a reliable prediction on the rate of consolidation of PVD installed Busan new port clay and that an appropriate extent of smear zone was evaluated as about $3d_w$ by back analysis.

Characteristics of Undrained Cyclic Shear Behavior for the Nak-dong River Sand Due to the Aging Effect (Aging 효과에 따른 낙동강 모래의 비배수 반복전단거동 특성)

  • Kim Dae-Man;Kim Young-Su;Jung Sung-Gwan;Seo In-Shik
    • Journal of the Korean Geotechnical Society
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    • v.21 no.8
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    • pp.13-26
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    • 2005
  • It was known that the aging effect of sands is insignificant in comparison with clays, and hence the study on this effect had seldom been performed prior to the early 1980s. However, field tests for this effect have been actively carried out since it was investigated that penetration resistance of reformed sands increased with the lapse of time. Recently, the aging effect of sands has also been examined in laboratory testings. In this study, undrained static triaxial tests were performed to evaluate the effect on the Nak-dong River sands, with different .elative densities $(D_r)$, consolidation stress ratios $(K_c)$, and consolidation times. As a result of the tests, it was proved that the undrained cyclic shear strength $(R_f)$ increased with the aged time on the sands. The in situ range of Rf on the sands, which is applicable to the magnitude of earthquake in the Nak-dong River area, was proposed by using the test results.