• 산경연구논집
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• 제6권4호
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• pp.27-37
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• 2015

Purpose - This study first explores the possible dynamic relationship between ownership structure and firm performance using a panel of 4,900 Chinese-listed small- and medium-sized enterprises (SMEs) from 1999 to 2012. Research design, data, and methodology - We address this issue through a dynamic panel model using a method of moments (GMM) technique and dynamic simultaneous equations to alleviate the potential endogenous problem: unobserved heterogeneity, simultaneity, and dynamic endogeneity. Results - Under the framework of dynamic endogeneity, firm performance has a significantly positive influence on ownership, but not vice versa. Ownership and performance can be explained by their owned lagged values, respectively. Moreover, intertemporal endogeneity exists among ownership, investment, and performance through the application of system dynamic equations, which implies that the relationship among ownership structure, investment, and firm performance is dynamic by nature. Conclusions - This study also significantly contributes to a better understanding of dynamic corporate governance by providing further empirical evidence from the largest capital market in the Asian region.

• 한국전산구조공학회:학술대회논문집
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• 한국전산구조공학회 1996년도 봄 학술발표회 논문집
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• pp.111-118
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• 1996

Dynamic load models which show the practical behavior of truss bridge subjected to moving train load are presented. Three basically approaches are available for evaluating structural response to dynamic effects : moving force, moving mass, and influence moving force and mass. Simple warren truss bridge model is selected in this research, and idealized lumped mass system, modelled as a planar structure. In the process of dynamic analysis, the uncoupled equation of motion is derived from simultaneous equation of the motion of truss bridge and moving train load. The solution of the uncoupled equations of motion is solved by Newmark-$\beta$ method. The results show that dynamic response of moving mass and static analysis considering the impact factor specified in the present railway bridge code was nearly the same. Generally, the dynamic response of moving force is somewhat greater than that of moving mass. The dynamic load models which are presented by this study are obtained relatively adequate load model when apply to a truss bridge.

• Structural Engineering and Mechanics
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• 제27권5호
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• pp.609-623
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• 2007

The problem of a semi-infinite magneto-electro-elastically impermeable mode-III crack in a magneto-electro-elastic material is considered under the action of impact loads. For the case when a pair of concentrated anti-plane shear impacts, electric displacement and magnetic induction impacts are exerted symmetrically on the upper and lower surfaces of the crack, the magneto-electro-elastic field ahead of the crack tip is determined in explicit form. The dynamic intensity factors and dynamic energy density factor are obtained. The method adopted is to reduce the mixed initial-boundary value problem, by using the Laplace and Fourier transforms, into three simultaneous dual integral equations, one of which is converted into an Abel's integral equation and the others into a singular integral equation with Cauchy kernel. Based on the obtained fundamental solutions of point impact loads, the solutions of two kinds of different loading cases are evaluated by integration. For some particular cases, the present results reduce to the previous results.

• 한국구조물진단유지관리공학회 논문집
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• 제2권2호
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• pp.177-184
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• 1998

The equation of motion on the vehicle-bridge system is established as the simultaneous equations which are combined the equation of vehicle and bridge by the interaction elements. A vehicle element is modeled as lumped masses supported by springs and dashpots, and a bridge element with pavement roughness is modeled as beam elements. An interaction element is defined to consist of a bridge element and the suspension units of the vehicle resting on the element. By the dynamic condensation method, the degrees of the freedom are eliminated, and compared with all the degrees of freedom on the bridge, the efforts of calculation is decreased. Thus, although a very small computational error is occured, the present technique appears to be computationally more efficient. It is particularly suitable for the simulation of bridges with a series of vehicles moving on the deck.

• 대한산업공학회지
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• 제23권3호
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• pp.545-557
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• 1997

This paper deals with dynamic optimal pricing for new products by a firm which maximizes the discounted profit stream of it's own in a duopoly. The problem is constructed as differential games and dynamic optimization theory. Cost is assumed to decline as time goes on. A modified customer's choice model is formulated as a diffusion model and we solve a dynamic optimization problem by adopting the diffusion model. Since this paper focus on deriving real prices not showing a time trend, we formulate recursive form equations of costate variables(shadow price) and a simultaneous equation of price. Hence we derive a dynamic optimal pricing model for using in real market. In particular, we construct a dynamic optimal pricing model in the case that there are benefits from not only new subscribers but also previous subscribers. We analyze instant camera market in U.S.A(1976-1985) by utilizing the above model.

• 한국경영과학회지
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• 제15권2호
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• pp.71-83
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• 1990

This paper concerns the analyses of dynamic adjustments in noncooperative games where the market informations are given at discrete time intervals. During the game period, the market informations are given at discrete time intervals. During the game period, the inventories initially stored by players are to be released one day based to the completely competitive market so as to maximize each player's revenue, where players' parameters are unknown one another. Game results have shown that the continuous dynamic adjustment does not necessarily assure the better revenue, and if a player thinks that his parameter is underestimated by hig opponent, then he is better overestimate his opponent's parameter.

• Structural Engineering and Mechanics
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• 제12권5호
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• pp.527-540
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• 2001

A new sort of learning algorithm named whole learning algorithm is proposed to simulate the nonlinear and dynamic behavior of RC members for the estimation of structural integrity. A mathematical technique to solve the multi-objective optimization problem is applied for the learning of the feedforward neural network, which is formulated so as to minimize the Euclidean norm of the error vector defined as the difference between the outputs and the target values for all the learning data sets. The change of the outputs is approximated in the first-order with respect to the amount of weight modification of the network. The governing equation for weight modification to make the error vector null is constituted with the consideration of the approximated outputs for all the learning data sets. The solution is neatly determined by means of the Moore-Penrose generalized inverse after summarization of the governing equation into the linear simultaneous equations with a rectangular matrix of coefficients. The learning efficiency of the proposed algorithm from the viewpoint of computational cost is verified in three types of problems to learn the truth table for exclusive or, the stress-strain relationship described by the Ramberg-Osgood model and the nonlinear and dynamic behavior of RC members observed under an earthquake.

• 응용통계연구
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• 제11권1호
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• pp.65-81
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• 1998

많은 실증분석에 사용되고 있는 연립방정식모형은 연구대상분야의 구조를 더욱 현실에 가깝게 표현하고 또 상세한 분석을 위해 점차 복잡해지고 대형화되어 가는 추세다. 그러나 이러한 다중방정식체계의 설정시, 각 회귀방정식이 결합되어 동시에 추정될 때 발생할 수도 있는 모형체계의 구조적 불안정성으로 인해 추정된 모형의 사용 및 그에 따른 분석은 오류를 가져올 수 있다. 특히 시뮬레이션 수행이 무의미해질 가능성이 있음에도 연립방정식모형을 사용하는 대부분의 연구들이 이러한 모형의 구조적 안정성문제를 간과하고 있는 실정이다. 따라서 본 연구에서는 동태적 관점에서 모형체계의 안정성 진단을 위한 조건을 제시하여 보고, 실제의 연립방정식모형을 예로 들어 적용시켜 본 후 그 결과가 모형의 구조적 특징에 관해 어떠한 유용한 정보를 제공하여 주는가를 추가로 분석하여 보았다.

• 응용통계연구
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• 제27권5호
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• pp.797-808
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• 2014

건전성과 신뢰성이 높은 기업에 선별 투자가 이루어지면 이는 기업의 가치 상승으로 이어지므로 상위 등급의 기업 가치 변동 간 상관성 및 동적 특성에 대한 연구의 필요성이 증대하게 되었다. 본 연구에서는 증권거래소 분류 기업지배구조 등급별 주식수익의 중장기 변동성향을 분석하기 위한 연립방정식 통계모형을 설정하였다. 외생적 충격에 의해 등급별 주식수익에 일어난 변화는 시간이 흐르면서 완만히 조정되어 가는 구조적 특징을 공통적으로 가지고 있으며, 변동 과정이나 성향도 등급 간에 별다른 차이가 없는 것으로 판명되었다.

• 대한토목학회논문집
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• 제14권6호
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• pp.1299-1308
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• 1994

본 연구는 사장교의 차량하중에 의한 동적거동을 파악하고자 수치해석상 비교적 간단한 일본의 풍리(豊里)(Toyosato)대교(大橋)의 자료를 근거로하여 수치해석 대상모델을 구조형식별로, 여러가지 설계변수-즉, (1) 경간비, (2) 중앙경간장과 주탑높이와의 비, (3) 거어더의 강성, (4) 주탑의 강성, (5) 케이블의 강성-을 변화시켜 수치해석을 수행하여 동적거동을 파악하고, 그 결과를 가지고 설계변수의 영향 및 충격계수의 변화에 대하여 비교 분석하였다. 이때 변위 및 단면력의 영향선을 구하기 위한 해석은 전달행렬법을 이용하였으며, 동적해석에 있어서는 평면구조계의 집중질량계로 모델을 가정하여 차량과 교량의 운동방정식을 유도한 후 모드중첩법을 사용하여 각 질점에 대한 변위 및 단면력의 동적시간이력을 구하였다.