• 제목/요약/키워드: Euro

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Maximum Likelihood Estimation of Continuous-time Diffusion Models for Exchange Rates

  • Choi, Seungmoon;Lee, Jaebum
    • East Asian Economic Review
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    • 제24권1호
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    • pp.61-87
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    • 2020
  • Five diffusion models are estimated using three different foreign exchange rates to find an appropriate model for each. Daily spot exchange rates expressed as the prices of 1 euro, 1 British pound and 100 Japanese yen in US dollars, respectively denoted by USD/EUR, USD/GBP, and USD/100JPY, are used. The maximum likelihood estimation method is implemented after deriving an approximate log-transition density function (log-TDF) of the diffusion processes because the true log-TDF is unknown. Of the five models, the most general model is the best fit for the USD/GBP, and USD/100JPY exchange rates, but it is not the case for the case of USD/EUR. Although we could not find any evidence of the mean-reverting property for the USD/EUR exchange rate, the USD/GBP, and USD/100JPY exchange rates show the mean-reversion behavior. Interestingly, the volatility function of the USD/EUR exchange rate is increasing in the exchange rate while the volatility functions of the USD/GBP and USD/100Yen exchange rates have a U-shape. Our results reveal that more care has to be taken when determining a diffusion model for the exchange rate. The results also imply that we may have to use a more general diffusion model than those proposed in the literature when developing economic theories for the behavior of the exchange rate and pricing foreign currency options or derivatives.

차체 소재 다변화에 따른 체결 및 접합기술 (Mechanical fastening and joining technologies to using multi mixed materials of car body)

  • 김용;박기영;곽성복
    • Journal of Welding and Joining
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    • 제33권3호
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    • pp.12-18
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    • 2015
  • The ultimate goal of developing body is revealed the "lightweight" at latest EuroCarBody conference 2012 and the most core technology is joining process to make lightweight car body design. Accordingly, in this study, the car body assembly line for the assembly process applies to any introduction, particularly in the assembly of aluminum alloy and composite materials applied by the process for the introductory approached. Process were largely classified by welding (laser, arc, resistance, and friction stir welding), bonding (epoxy bonding) and mechanical fastening (FDS, SPR, Bolting and clinching). Applications for each process issues in the case and the applicable award was presented, based on the absolute strength of the test specimens and joining characteristics for comparative analysis were summarized. Finally, through this paper, we would tried to establish the characteristics of the joint for lightweight structure.

지하층 합벽 무지주 시스템 거푸집의 적용성에 관한 연구 (A Study on the Applicability of Non-Supporting System Forms for Single Face Walls in Underground Construction)

  • 김재엽;안성훈;손영진
    • KIEAE Journal
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    • 제8권2호
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    • pp.87-92
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    • 2008
  • Underground building constructions are recently more important because the ratio of underground area is increasing in the huge and high-rise building construction projects. For reducing the total building construction periods, it is required to reduce not only the over-ground structural work periods but also the underground structural work periods. Therefore, this study is proposed the non-supporting system forms for single face walls in underground building construction by one of the methods for reducing the underground structural work periods and investigated the applicability of the non-supporting system forms by analyzing the case-study in civil construction project. In regard of construction duration, the results of analyzing the case-study showed that the non-supporting system forms are better than the euro forms with soldier system for single face walls in underground building construction. In addition, it is showed that the cost of these two forms is similar and usage the working space and safety in non-supporting system forms are better that those of the euro forms with soldier system, too.

국화의 뿌리혹선충 피해 발생 및 생육에 미치는 영향 (Occurrence of Root-knot Nematode on Dendranthema x grandiflorum and Influences on Plant Growth)

  • 김동근;김현석;김승한;이중환;윤재탁
    • 식물병연구
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    • 제10권1호
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    • pp.25-29
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    • 2004
  • 구미시 옥성면 국화 집단재배지에서 국화 생육불량 원인을 조사한 결과, 대부분의 국화(98%)가 뿌리혹선충(Meloidogyne hapla)에 감염되어 있었다. 주요 3품종 중 뿌리에 생긴 난낭의 수는 뿌리 1 g당 'Ardilo' 3.3개, 'Euro' 6.5개, 'Monarisa' 17개로 'Monarisa' 품종에서 난낭 발생이 많았고 'Ardilo' 품종에서 적었다. 국화의 초장, 화경장, 줄기 굵기, 엽수, 착화수, 첫 번째 화수장, 절화중, 엽록소(SPAD), 뿌리무게, 뿌리혹선충의 난낭수 사이의 상관관계를 조사한 결과 난낭수와 엽록소 함량(SPAD) 사이에 부의 상관이 인정되었다(r = -0.418, p = 0.059; r = -0.463, p=0.040). 식물 생육은 키가 크고 화경장이 길수록 꽃수, 잎수가 많고 꽃 무게도 무거웠다(p < 0.05).

후방 충돌 펄스와 NCAP 펄스 차이로 인한 목상해 특성 비교 (Compare Characteristics of Neck Injuries between Rear Impact Pulse and NCAP Pulse)

  • 김종곤;박종호
    • 자동차안전학회지
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    • 제9권3호
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    • pp.7-12
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    • 2017
  • The whiplash is the most important issue of low speed rear-impact. So auto makers are committed to developing a seat to improve whiplash injury. Most NCAP tests have been used by same pulse (Mid Velocity 16kph). Only Euro NCAP uses different pulse that consists of Low, Mid, High velocity. But Euro NCAP also uses same pulse in Mid velocity as other NCAP test. That Mid velocity NCAP pulse was made by rear impact that has 90's vehicle structure properties. That pulse was used until now days. However these days, auto maker use more high tensile steel than 90's as customer and society demand more fuel efficiency and light vehicle with good safety structure. So modern vehicles have different pulse patterns of rear impact than NCAP pulse and 90's vehicle crash properties. In this paper, the test was conducted by following condition. Target car was impacted by the rigid barrier with certain velocity. Finally target vehicle gained delta V 16kph which was same velocity as NCAP Mid Velocity pulse. It is critical velocity which occur long period neck injury. It is very different pulse that was gained by real car impact from NCAP pulse. And it has higher peak G with high fluctuation and short duration than NCAP pulse.

Euro-5 대응 디젤엔진용 EGR 쿨러의 열교환 효율 연구 (A Study on Heat Exchange Efficiency of EGR Cooler for Diesel Engine to Meet Euro-5 Emission Regulation)

  • 이준;한창석
    • 한국자동차공학회논문집
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    • 제15권3호
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    • pp.183-188
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    • 2007
  • Recently, diesel engine has been frequently applied to RV, SUV and light duty truck due to the good fuel economy and high thermal efficiency. $NO_x$ and PM, environmental pollution materials are basically produced in diesel combustion process. The most important target in diesel engine research is the development of system to reduce the emissions of $NO_x$ and PM. Cooled EGR system is an effective method for the reduction of $NO_x$ emission and PM emission from a diesel engine and EGR cooler is the key component of the system. This study investigates the EGR cooler of oval gas tubes compared with the EGR cooler of shell & tubes to verify the heat exchange efficiency of cooler by means of engine dynamometer tests, rig performance tests and numerical analyses.

주행조건에 따른 유로6 경유자동차의 RDE 특성 (RDE Characteristics of Euro 6 Light Duty Diesel Vehicles Regarding to Driving Conditions)

  • 차준표;유영수;이동인;전문수
    • 한국분무공학회지
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    • 제22권4호
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    • pp.218-224
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    • 2017
  • In order to improve the quality of air in urban areas, the emission regulations are being strengthened by the government. The on-road test of light-duty vehicles was started with PEMS because certification test mode does not sufficiently reflect on-road conditions. Therefore, The PEMS-based test was implemented from Sep. 2017 in Europe and Korea. However, this is lack of data on various on-road patterns in Korea. The purpose of the present study has analyzed the effect of speed per acceleration and acceleration on NOx emission on-road driving. The test route consisted of urban, rural, and motorway in Seoul. This study has been conducted by Euro-6 vehicles using on SCR system with PEMS. The on-road emission characteristics were evaluated by moving averaging windows (MAW) method. In results, RDE-NOx by severe driving pattern has been 1.4 times higher than soft driving pattern NIER Route 1.

신 정면 충돌 시험의 시뮬레이션 비교 분석 (Simulation Analysis and Comparison of New Frontal Impact Tests)

  • 정경진;윤영한;박지양;김동섭;오명진;곽영찬;손창기;신재곤;이은덕;권해붕
    • 자동차안전학회지
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    • 제9권2호
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    • pp.20-25
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    • 2017
  • KNCAP is a program to evaluate the automobile safety, providing consumer vehicle safety assessment results. The safety evaluation tests are Frontal Impact, Offset Frontal Crash, Side Crash, Side Pole Crash, Rear Impact. This is the study of the offset frontal impact safety evaluation. Currently, IIHS is performing a small overlap test. NHTSA plans to implement the oblique moving deformable barrier test. Euro-NCAP plans to implement a mobile frontal impact test. Simulation is used to compare occupant behavior and injury. We have investigated whether the introduction of the test at KNCAP is necessary. The dummy model used in the simulation was the 50th percentile male Hybrid III dummy.

한국시장에서의 카시트 장착성 평가 (CRS installation performance in Korean Market)

  • 조재호;서관호;이화수;이민수
    • 자동차안전학회지
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    • 제5권2호
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    • pp.39-44
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    • 2013
  • Motor vehicle crashes are the leading cause (70%) of children injury and fatality. 98% of Children under the age of 9 who came to emergency room with a traffic accident are not seated in CRS. Reduction in mortality when using CRS (NHTSA study), 71% for infants of 1-2 years old, 54% for 3-6 years old and 7-12 years old. It is very important and essential to use CRS for child passenger safety. But in Korean market, the CRS fitment rate is relatively low (20~40%). For European market, at the start of 2013, Euro NCAP started to check how easy it is to install the most common seats. And US market, NHTSA is planning a new consumer information program of CRS fitment for near future. This study examines CRS installation performance of 3 vehicles which are produced by GM Korea and 21 CRS which are based on sales volume in Korean market. Purpose of this study is to identify both vehicle and CRS design that causes bad interaction for CRS installation.

RESEARCH ON ULTRA LOW EMISSION TECHNOLOGY FOR LARGE DISPLACEMENT MOTORCYCLES

  • Kono, T.;Miyata, H.;Uraki, M.;Yamazaki, R.
    • International Journal of Automotive Technology
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    • 제7권3호
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    • pp.277-282
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    • 2006
  • With the aim of achieving half the regulated value of EURO-3 Emission Regulations, an ultra low emission motorcycle has been developed based on a motorcycle with an 1800 $cm^3$, horizontal opposed 6-cylinder engine. For the fuel supply system, an electronically controlled fuel injection system was applied. For the emission purification system, three-way catalysts, a feedback control system with a LAF(Linear Air-Fuel ratio) sensor, and a secondary air induction system were applied. To reduce CO and HC emissions during cold starting, an early catalyst activation method combining RACV(Rotary Air Control Valve) and retarded ignition timing was applied. After the catalyst activation, air-fuel ratio was controlled to maximize the purification ratio of the catalyst according to vehicle speed. For the air-fuel ratio control system, the LAF sensor was used. Furthermore, fine adjustment by the LAF feedback control reduced torque fluctuation due to the air-fuel ratio change. As a result, smooth ride feeling was maintained. Owing to these technologies, half the regulated value of EURO-3 has been achieved without any negative impact to the large-scaled motorcycles' drivability. This paper presents the developed ultra low emission technologies including the control method using an LAF sensor.