• Journal of Korean Society of Coastal and Ocean Engineers
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• v.21 no.5
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• pp.391-404
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• 2009

A small hydropower plant(SHP) using cooling water discharged from the power plant was constructed in Samcheonpo. This study presents predicted and measured hydrological data in the construction process of small hydropower plant in order to evaluate characteristics of water level variation of cooling water discharge channel which is a key factor in the design of SHP since the water level rise of channel is related to impact on circulating water system of the existing power plant. Various methods were applied for prediction of water level variation in the design stage from simple empirical formula to sophisticated 3-dimensional CFD method. Measured results reveal that mean value was similar between measured and predicted, but measured results were larger than predicted in deviation. Moreover, simple formula, i.e. standard weir equation and Honma equation, were more useful before installation of SHP, but sophisticated methods during operation of SHP.

• Journal of Environmental Impact Assessment
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• v.20 no.4
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• pp.465-475
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• 2011

It is known that energy consumption in bottom floor of typical Korean-style apartment is the highest. Previous studies for energy consumption in accordance with floor level appear to be very limited due to the dependence on single energy variable such as electric power or LNG separately, based on past flat type of apartment. Acknowledging these constraints, an empirical study for a tower type emerged recently as new style of apartment in South Korea was conducted to demonstrate how a comprehensive evaluation for both electric power and LNG consumption can be used to assist in monitoring the total energy consumption in terms of floor specific settings. It was possible to identify that energy consumption in bottom floor is lesser than that of top floor, to the contrary, fact known from previous study. Also electric power consumption in top floor was identified as 15% higher than that of floor in the least. It is anticipated that this integrated utilization of electric power and LNG data would present more scientific and objective evidence for the energy load among floor level of tower type apartment by overcoming serious constraints suffered from the past single variable investigation. Ultimately, the result in this paper could be used as a valuable reference to providing priority for energy saving activities in top floor such as cool roof or green roof.

• Nuclear Engineering and Technology
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• v.25 no.3
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• pp.430-436
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• 1993

Due to the failure of the instrument and control devices of nuclear power plants caused by aging, nuclear power plants occasionally trip. Even a trip of a single nuclear power plant (NPP) causes an extravagant economical loss and deteriorates public acceptance of nuclear power plants. Therefore, the replacement of the instrument and control devices with proper consideration of the aging effect is necessary in order to prevent the inadvertent trip. In this paper we investigated the optimal replacement periods of the control computer's components of Wolsung nuclear power plant Unit 1. We first derived mathematical models for optimal replacement periods to the digital control computer's components of Wolsung NPP Unit 1 and calculated the optimal replacement periods analytically. We compared the periods with the replacement periods currently used at Wolsung NPP Unit 1. The periods used at Wolsung is not based on mathematical analysis, but on empirical knowledge. As a consequence, the optimal replacement periods analytically obtained and those used in the field show a little difference.

• International Area Studies Review
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• v.14 no.3
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• pp.35-60
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• 2010

In this paper, we develop a dynamic structural model based on a dynamic supergame and measure market power for the Dallas-Forth Worth fluid milk market in the U.S. In particular, we compare the conduct parameter estimates from a static model with that from the dynamic model and illustrate bias in the market-power measure in a static model. And we also analyze the cyclical behavior of firm conduct. We find that the conduct parameter in a static model underestimates true market power if firms' behaviors are posited by a dynamic oligopoly game. We also verify that firm conduct in the Dallas-Forth Worth fluid milk market is countercyclical against demand shocks and expected future cost shocks. Our results indicate that the firms' conduct in the Dallas-Forth Worth fluid milk market is consistent with what dynamic oligopoly models predict. This implies that the firms consider not only the contemporary reactions of the other firms' but also future market competition. Therefore, the measurement of market power requires the specification of fully dynamic pricing relationship.

• KEPCO Journal on Electric Power and Energy
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• v.4 no.2
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• pp.101-105
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• 2018

In this paper, the kernel regression model is applied for the case study of gas turbine abnormal state analysis. In addition to vibration analysis at the remote site, the kernel regression model technique can is useful for analyzing abnormal state of rotor vibration signals of gas turbine in power plant. In monitoring based on data-driven techniques correlated measurements, the fault free training data of shaft vibration obtained during normal operations of gas turbine are used to develop a empirical model based on auto-associative kernel regression. This data-driven model can be used to predict virtual measurements, which are compared with real-time data, generating residuals. Any faults in the system may cause statistically abnormal changes in these residuals and could be detected. As the result, the kernel regression model provides information that can distinguish anomalies such as sensor failure in a shaft vibration signal.

• Journal of Distribution Science
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• v.13 no.9
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• pp.37-45
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• 2015

Purpose - This paper's aim is to investigate whether or not gross profitability explains the cross-sectional variation of the stock returns in the Korean stock market. Gross profitability is an alternative profitability measure proposed by Novy-Marx in 2013 to predict cross-sectional variation of stock returns in the US. He shows that the gross profitability adds explanatory power to the Fama-French 3 factor model. Interestingly, gross profitability is negatively correlated with the book-to-market ratio. By confirming the gross profitability premium in the Korean stock market, we may provide some implications regarding the well-known value premium. In addition, our empirical results may provide opportunities for the fund distribution industry to promote brand new styles of funds. Research design, data, and methodology - For our empirical analysis, we collect monthly market prices of all the companies listed on the Korea Composite Stock Price Index (KOSPI) of the Korea Exchanges (KRX). Our sample period covers July1994 to December2014. The data from the company financial statementsare provided by the financial information company WISEfn. First, using Fama-Macbeth cross-sectional regression, we investigate the relation between gross profitability and stock return performance. For robustness in analyzing the performance of the gross profitability strategy, we consider value weighted portfolio returns as well as equally weighted portfolio returns. Next, using Fama-French 3 factor models, we examine whether or not the gross profitability strategy generates excess returns when firmsize and the book-to-market ratio are controlled. Finally, we analyze the effect of firm size and the book-to-market ratio on the gross profitability strategy. Results - First, through the Fama-MacBeth cross-sectional regression, we show that gross profitability has almost the same explanatory power as the book-to-market ratio in explaining the cross-sectional variation of the Korean stock market. Second, we find evidence that gross profitability is a statistically significant variable for explaining cross-sectional stock returns when the size and the value effect are controlled. Third, we show that gross profitability, which is positively correlated with stock returns and firm size, is negatively correlated with the book-to-market ratio. From the perspective of portfolio management, our results imply that since the gross profitability strategy is a distinctive growth strategy, value strategies can be improved by hedging with the gross profitability strategy. Conclusions - Our empirical results confirm the existence of a gross profitability premium in the Korean stock market. From the perspective of the fund distribution industry, the gross profitability portfolio is worthy of attention. Since the value strategy portfolio returns are negatively correlated with the gross profitability strategy portfolio returns, by mixing both portfolios, investors could be better off without additional risk. However, the profitable firms are dissimilar from the value firms (high book-to-market ratio firms); therefore, an alternative factor model including gross profitability may help us understand the economic implications of the well-known anomalies such as value premium, momentum, and low volatility. We reserve these topics for future research.

• The Journal of the Korea Contents Association
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• v.12 no.4
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• pp.407-416
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• 2012

The primary purpose of this paper is to identify the development of education and training for the human resource development in the view of technology management. For this purpose, a research is developed based on the relevant literature reviews and empirical studies. Data have been collected from 110 firms in Daejeon city and tested by the frequency analysis and various statistical methods. The results of this empirical studies are summarized as follows. We classified in company competitive power as innovators, leading chasers and late chasers. The innovators, leading chasers and late chasers demanded the management of technology. They also demanded the middle manager, the CEO and R&D researchers as a important position in this demanding of the management of technology and its human resources of the market and technologies. Department of marketing and the executives and staff members find it important. We departmentalized the management of technology with the Daejeon region's strategic industries. Information technology(IT) industries thought that the middle manager, CEO and R&D department were important. Bio-industries thought that the CEO and the middle manager and R&D department were important. The high-tech parts materials industries thought that the middle manager, R&D department and marketing department considered as important.

• The Korean Journal of Applied Statistics
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• v.27 no.3
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• pp.397-406
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• 2014

The minimum density power divergence estimation has been a popular topic in the field of robust estimation for since Basu et al. (1988). The minimum density power divergence estimator has strong robustness properties with the little loss in asymptotic efficiency relative to the maximum likelihood estimator under model conditions. However, a limitation in applying this estimation method is the algebraic difficulty on an integral involved in an estimation function. This paper considers a minimum density power divergence estimation method with approximated divergence avoiding such difficulty. As an example, we consider the normal-exponential convolution model introduced by Bolstad (2004). The estimated divergence in this case is too complicated; consequently, a Laplace approximation is employed to obtain a manageable form. Simulations and an empirical study show that the minimum density power divergence estimators based on an approximated estimated divergence for the normal-exponential model perform adequately in terms of bias and efficiency.

• The Transactions of the Korean Institute of Electrical Engineers C
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• v.54 no.2
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• pp.63-68
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• 2005

Total 12 units of high power klystron-modulator systems as microwave source are under operation for 2.5 GeV electron linear accelerator in Pohang Light Source (PLS) linac. The klystron-modulator system has an important role for the stable operation to improve an availability statistics of overall system performance of klystron-modulator system. RF power and beam power of klystron are precisely measured for the effective control of electron beam. A precise measurement and measurement equipment with good response characteristics are demanded for this. Input power of klystron is calculated from the applied voltage and the current on its cathode. Tiny measurement error severely effects RF output power value of klystron. Therefore, special care is needed to measure precise beam voltage. Capacitive voltage divider (CVD), which divides input voltage as capacitance ratio, is intended for the measurement of a beam voltage of 400 kV generated from the klystron-modulator system. Main parameter to determine standard capacitance in the high arm of CVD is dielectric constant of insulation oil. Therefore CVD should be designed to have a minimum capacitance variation due to voltage, frequency and temperature in the measurement range. This paper will be present and discuss the design concept and analysis of capacitive voltage divider for a pulsed high-voltage measurement, and the empirical relations between capacitance effects and oil temperature variation.

• Journal of the Earthquake Engineering Society of Korea
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• v.14 no.4
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• pp.17-22
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• 2010

In this study, a tsunami hazard curve was determined for a probabilistic safety assessment (PSA) of a tsunami event at a Nuclear Power Plant site. A Tsunami catalogue was developed by using the historical tsunami record prior to 1900 and the instrumental tsunami record after 1900. For the evaluation of the return period of the tsunami run-up height, power-law, upper-truncated power law and exponential function were considered for the assessment of regression curves and each result was compared. Although there were in total only 9 tsunami records on the east coast of Korea during the time period of the tsunami catalogue, there is no research like this about tsunami hazard curve evaluation, so this research lays a foundation for probabilistic tsunami hazard assessment (PTHA)