• The Journal of Industrial Distribution & Business
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• v.10 no.2
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• pp.65-75
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• 2019

Purpose - Along with Chinese exchange rate's reform advancement, the issue of exchange rate of RMB has increasingly become the heated focus in the world. In July 2005, China carried out the reform of the exchange rate system, and this behavior has aroused the attention of the world. However, the dispute on whether the theory of purchasing power parity holds or not in China still exists. As such, this paper will attempt to explore whether the purchasing power parity is significant in China. Research design, data, and methodology - The monthly data from July 2005 to December 2017 will be employed to analyze the nominal exchange rate of RMB against the US dollar and the nominal exchange rate of RMB against the euro. Based on these datum, an empirical analysis will be conducted under the unit root test and the cointegration test to exploit the significance of purchasing power parity in China. Results - The findings of this paper reveal that an increase in China's consumer price index will lead to an increase in the RMB exchange rate, which will lead to the depreciation of RMB. Concomitantly, an increase in the consumer price index in the US and Europe will result in a decrease in the RMB exchange rate, which will lead to an appreciation of RMB. In general, in terms of the US, if US consumer price index increases by 1%, China's nominal exchange rate against US dollar will decrease by 0.905%; if China's consumer price index increases by 1%, China's nominal exchange rate against US dollar will increase by 0.648%. In terms of Europe, if Europe consumer price index increases by 1%, China's nominal exchange rate against euro will decrease by 0.277%; If China's consumer price index increases by 1%, China's nominal exchange rate against euro will increase by 0.235%. Conclusions - Generally speaking, the empirical evidences this paper provided show that the purchasing power parity theory has a certain explanatory ability for the decision of RMB exchange rate. As such, the purchasing power parity cannot hold completely, and China's government should continue to deepen the reform of the exchange rate system to improve China's exchange rate market.

• Journal of the Korean Regional Science Association
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• v.31 no.2
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• pp.47-61
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• 2015

The purpose of this study to empirical analysis of the effects of distance-decay for the relocated firms in the Seoul Metropolitan Area(SMA). In addition, this study was constructed distance-decay function for the relocated firms by industrial types using a general distance-decay function. The data of relocated firms in the SMA extracted from the spatial database which was constructed in an previous research. The industrial type divided into 3 parts which are construction, manufacturing, and service. The result of empirical analysis by each industrial type of the effect of distance-decay, the explanatory power($R^2$) of the each function were all high. In the construction, the adjusted $R^2$ of the distance-decay function was 0.728, the manufacturing was 0.802 and the service was 0.812. It means the effect of distance decay for the relocated firms in construction industrial type more big than the effects of distance decay for the manufacturing and service industrial types.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.15 no.6
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• pp.433-439
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• 2022

Muscle fatigue models to predict maximum endurance time (MET) are broadly classified as either 'empirical' or 'theoretical'. Empirical models are based on fitting experimental data and theoretical models on mathematical representations of physiological process. This paper examines the effectiveness of dynamic muscle fatigue model as theoretical model to predict maximum endurance time during forearm isometric contraction. Forty volunteers (20 females, 20 males) are participated in this study. Empirical models (exponential model and power model) and theoretical model (dynamic muscle fatigue model) are used to compare. Mean absolute deviation (MAD), correlation coefficient (r) and intraclass correlation (ICC) are calculated between theoretical model and empirical models. MAD are below 3.5%p, r and ICC are above 0.93 and 0.87, respectively. This results demonstrate that dynamic muscle fatigue model as theoretical model is valid to predict MET.

• Transactions of the Korean Society for Noise and Vibration Engineering
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• v.16 no.11 s.116
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• pp.1124-1131
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• 2006

This paper presents a novel method to determine sound power level(PWL) emitted by a travelling vehicle for road traffic noise simulation. The PWL is evaluated by the equivalent sound pressure level (SPL) measured by close proximity method and the sound power correction factor derived from the maximum SPL measured by pass-by method and the propagation attenuation of vehicle noise during the pass-by measurement. Using the method, we derive the empirical formula for PWL estimation in 1/1-octave and overall frequency bands for 8 vehicles (automobile, SUV, small truck, large bus, trailer, 3 dump trucks) tested at two road surfaces (dense graded asphalt, 30mm transverse tinning concrete) of Korean highway test road. The suggested approach, if securing sufficient data to represent the acoustic characteristics of all vehicle types, has il strong merit to be able to evaluate sound power levels for any combination of vehicle categories and traffic volumes.

• Journal of Energy Engineering
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• v.14 no.2 s.42
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• pp.123-132
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• 2005

An economic feasibility study is performed for the wind power generation with the examination of the wind speed and its distribution at Daekwanryung at which a wind fm is under construction. In this analysis, the distribution of wind speed is the key issue. The wind distribution which is usually expressed in terms of Weibull distribution with shape factor and scale factor needs to be reexamined to find the proper values of them according to the empirical wind speed data. After this kind of analysis is done, annual power generation of wind is calculated. Due to the lack of cost information, we applied EWEA data instead or the actual information from the site. The result would be of use to determine the 'reference price' of wind power under the current system of 'compensating subsidy for renewable power generation'.

• Health Policy and Management
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• v.9 no.2
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• pp.1-20
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• 1999

This study was conducted to investigate the predictors of hospital bankruptcy in Korea and to examine the predictive power for 3 types of statistical models of hospital bankruptcy. Data on 17 financial and 4 non-financial indicators of 30 bankrupt and 30 profitable hospitals in 1. 2, and 3 years before bankruptcy were obtained from the hospital performance databank of Korea Institute of Health Services Management. Significant variables were identified through mean comparison of each indicator between bankrupt and profitable hospitals, and the predictive power of statistical models of hospital bankruptcy were compared. The major findings are as follows. 1. Nine out of 21 indicators - fixed ratio, quick ratio, operating profit to total assets, operating profit to gross revenue, normal profit to total assets,normal profit to gross revenue, net profit to gross revenue, inventories turnrounds, and added value per adjusted patient - were found to be significantly predictitive variables in Logit and Probit models. 2. The predicdtive power of discriminant model of hospital bankruptcy in 1. 2, and 3 years before bankruptcy were 85.4, 79.0, and 83.8% respectively. With regard to the predictive power of the Logit model of hospital bankruptcy, they were 82.3, 75.8, and 80.6% respectively, and of the Probit model. 87.1. 80.6, and 88.7% respectively. 3. The predictive power of the Probit model of hospital bankruptcy is better than the other two predictive models.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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• 2006.05a
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• pp.421-427
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• 2006

This paper presents a novel method to determine sound power level(PWL) emitted by a travelling vehicle for road traffic noise simulation. The PWL is evaluated by the equivalent sound pressure level(SPL) measured by close proximity method and the sound power correction factor derived from the maximum SPL measured by pass-by method and the propagation attenuation of vehicle noise during the pass-by measurement. Using the method, we derive the empirical formula for PWL estimation in 1/1-octave and overall frequency bands for 8 vehicles(automobile, SUV, small truck, large bus, trailer, 3 dump trucks) tested at two road surfaces(dense graded asphalt, 30mm transverse tinning concrete) of Korean highway test road. The suggested approach, if securing sufficient data to represent the acoustic characteristics of au vehicle types, has a strong merit to be able to evaluate sound power levels for any combination of vehicle categories and traffic volumes.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.64 no.1
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• pp.1-6
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• 2015

Factors that have influence on solar power generation are specified into three aspects such as meteorological, geographical factors as well as equipment installation. Meteorological factors influence the most among the three. Insolation, sunshine hours, and cloud directly influence on solar power generation, whereas temperature and wind speed have impacts on equipment installation. This paper provides explanation over temperature-wind speed equation by calculating influence of temperature and wind speed on equipment installation. In order to conduct a research, pyranometer, anemometer, air thermometer, module thermometer are installed in 2MWp solar power plant located in South Cholla province, so that real-time meteorological data and generating amount can be analyzed through monitoring system. Besides, if existing and new methods are applied together, accuracy of prediction for generating amount is improved.

• KIEE International Transactions on Power Engineering
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• v.4A no.2
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• pp.100-105
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• 2004

Installed capacity markets in the northeast of the United States ensure that adequate generation exists to satisfy regional loss of load probability (LOLP) criterion. LOLP studies are conducted to determine the amount of capacity that is needed, but they do not consider several factors that substantially affect the calculated distribution of available capacity. These studies do not account for the fact that generation availability increases during periods of high demand and therefore prices, common-cause failures that result in multiple generation units being unavailable at the same time, and the negative correlation between load and available capacity due to temperature and humidity. A categorization of incidents in an existing bulk power reliability database is proposed to analyze the existence and frequency of independent failures and those associated with resource dynamics. Findings are augmented with other empirical findings. Monte Carlo methods are proposed to model these resource dynamics. Using the IEEE Reliability Test System as a single-bus case study, the LOLP results change substantially when these factors are considered. Better data collection is necessary to support the more comprehensive modeling of resource adequacy that is proposed. In addition, a parallel processing method is used to offset the increase in computational times required to model these dynamics.

• Journal of Korea Port Economic Association
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• v.21 no.1
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• pp.133-151
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• 2005

The purpose of this paper is to investigate the international competition power between Korean ports and Chinese ports according to the port efficiency scores of DEA(Data Envelopment Analysis) by newly introducing the priority vector of AHP(Analytic Hierarchy Process) to the DEA method. Empirical analysis shows the followings: First, there was not big changes of DEA rankings when we use the input-oriented CCR and BCC models after introducing the AHP priority vectors to the input variables. Yantian Port's competition power was declined, but that of Busan Port was up in the BCC model. Second, there was some changes of DEA rankings when we use the output-oriented CCR and BCC models after introducing the AHP priority vectors to the output variables. Rankings of Dalian, Qingdao, Shanghai Ports were up. But Shekou, Yantian Ports showed the declined ranking position in the CCR model. In the BBC model, rankings of Shanghai and Busan Ports were up. But those of Shekou and Yantian Ports were declined. The main policy implication based on the findings of this study is that The Ministry of Maritime Affairs & Fisheries in Korea and China should introduce AHP and DEA approaches when they measure the international competition power by using the porrt efficiency scores of DEA.