• Title/Summary/Keyword: French Design

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Is The Idiosyncratic Volatility Puzzle Driven By A Missing Factor?

  • Hanjun Kim;Bumjean Sohn
    • Asia-Pacific Journal of Business
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    • v.15 no.1
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    • pp.1-14
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    • 2024
  • Purpose - We investigate whether a potential missing pricing factor plays a significant role in the idiosyncratic volatility puzzle. Design/methodology/approach - We theoretically show how a missing pricing factor can affect the idiosyncratic volatility puzzle, and also show how to get around the problem empirically. We adopt the Fama-French five factor model for the estimation of the idiosyncratic risk and use randomly constructed portfolios as test assets. Findings - We find that a missing factor does not drive the idiosyncratic volatility puzzle. Thus, we conclude that the idiosyncratic volatility does affect the risk premium of its stock. Research implications or Originality - The Fama-French five factor model does a pretty good job in explaining the risk premiums of stocks, and it can be used to reliably estimate idiosyncratic risk of stocks.

A Study about the Characteristics of Designs in John Galliano Collection - focusing on Christian Dior's Collection - (존 갈리아노 컬렉션의 디자인 특성에 관한 연구 - 크리스찬 디오르의 컬렉션을 중심으로 -)

  • Lee, Kwuy-Young;Cho, Kyu-Hwa
    • Journal of Fashion Business
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    • v.13 no.2
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    • pp.50-65
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    • 2009
  • The main purpose of this study is to identify characteristics of shapes of John Galliano's Dior Collection as the chief executive designer of Christian Dior Maison during $1996{\sim}2007$ after he showed himself in Paris in 1990. This study was based on the analyses of John Galliano's design trends of his collections, the pictures of his works in Christian Dior's collection, real works, documents and fashion magazines, newspapers, mass media, internet sites and other visual materials. The study identified characteristics of shapes in Dior Collection until 07/08 F/W as the chief executive designer of Christian Dior Maison, and the design trends before his post-Paris period. Followings are the conclusions of the study. First, Galliano was open to any types of cultures as a liberalist, and also respectful to the tradition or principles. He led the fashion business with new trends by exploring both sides. Second, he succeeded in commercializing his avant-garde feature. Especially, His creativity changed the image of Christian Dior to younger and more casual one. Third, born in England and worked in French, he always took both English (Victorian Style) and French(Napoleon era, Femme Fatal style) sides, and showed excellent formulation that the times needed by combining topical Chinese, Japanese, Egyptian styles.

LARGE SCALE FINITE ELEMENT THERMAL ANALYSIS OF THE BOLTS OF A FRENCH PWR CORE INTERNAL BAFFLE STRUCTURE

  • Rupp, Isabelle;Peniguel, Christophe;Tommy-Martin, Michel
    • Nuclear Engineering and Technology
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    • v.41 no.9
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    • pp.1171-1180
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    • 2009
  • The internal core baffle structure of a French Pressurized Water Reactor (PWR) consists of a collection of baffles and formers that are attached to the barrel. The connections are done thanks to a large number of bolts (about 1500). After inspection, some of the bolts have been found cracked. This has been attributed to the Irradiation Assisted Stress Corrosion Cracking (IASCC). The $Electricit\acute{e}$ De France (EDF) has set up a research program to gain better knowledge of the temperature distribution, which may affect the bolts and the whole structure. The temperature distribution in the structure was calculated thanks to the thermal code SYRTHES that used a finite element approach. The heat transfer between the by-pass flow inside the cavities of the core baffle and the structure was accounted for thanks to a strong thermal coupling between the thermal code SYRTHES and the CFD code named Code_Saturne. The results for the CP0 plant design show that both the high temperature and strong temperature gradients could potentially induce mechanical stresses. The CPY design, where each bolt is individually cooled, had led to a reduction of temperatures inside the structures. A new parallel version of SYRTHES, for calculations on very large meshes and based on MPI, has been developed. A demonstration test on the complete structure that has led to about 1.1 billion linear tetraedra has been calculated on 2048 processors of the EDF Blue Gene computer.

The Design Charts for Soil Nailing Slopes Through Limit Equilibrium Method (한계평형해석을 사용한 Soil Nailing보강사면의 설계도표의 제안)

  • Kim, Hak-Moon;Jang, Kyung-Jun;Seo, Jin-Won
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.10
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    • pp.2794-2802
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    • 2009
  • Soil nailing method is widely used in reinforcing slopes and excavating earth. The analysis of nail-reinforced slopes, generally require complicated computer programs. The purpose of this paper is suggest, Soil stability Chart for nailed slopes which are very useful for pre-design, rapidly design, and final check. Three slope types, three nail lengths and three nail angles are selected for the stability analysis by using limit equilibrium method form Bishop and French. From the above results, this study propose the reinforced design charts for examine the necessity of reinforcement can be examined. The suggested stability chart and Taylor's Slope Stability Chart, showed similar safety factors. This Soil Nailing design charts can provide the solutions for necessity of reinforcement, economical of nail's length ratio and installation angle as well.

Structural Design and Construction of Kwangmyeang High Speed Rail Station (경부고속철도 광명역사의 구조설계)

  • Jeon Bong-Soo;Kang Joung-Ho
    • Proceedings of the KSR Conference
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    • 2004.06a
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    • pp.1124-1131
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    • 2004
  • Great impetus has come from the renewed emphasis on improving public transport in many countries. In Korea, built over 12 years at a cost of ${\$}12$ billion and modeled on the TGV of France, the Korea Train Express will open for regular traffic on April, 2004. The schematic design of terminal building for Kwang-Myeong station was chosen by the international competition in 1997. Mooyoung Architects and Engineers joined with AREP, French Architect awarded.

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Growth Performance of Early Finishing Gilts as Affected by Different Net Energy Concentrations in Diets

  • Lee, Gang Il;Kim, Kwang-Sik;Kim, Jong Hyuk;Kil, Dong Yong
    • Asian-Australasian Journal of Animal Sciences
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    • v.28 no.11
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    • pp.1614-1623
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    • 2015
  • The objectives of the current experiment were to study the response of the growth performance of early finishing gilts to different net energy (NE) concentrations in diets, and to compare the NE values of diets between calculated NE values and measured NE values using French and Dutch CVB (Centraal Veevoederbureau; Central Bureau for Livestock Feeding) NE systems. In a metabolism trail, the NE concentrations in five diets used for the growth trial were determined based on digestible nutrient concentrations, digestible energy, and metabolizable energy using a replicated $5{\times}5$ Latin square design with 10 barrows (initial body weight [BW], $39.2{\pm}2.2kg$). In a growth trial, a total of 60 early finishing gilts (Landrace${\times}$Yorkshire; initial BW, $47.7{\pm}3.5kg$) were allotted to five dietary treatments of 8.0, 9.0, 10.0, 11.0, and 12.0 MJ NE/kg (calculated, as-is basis) with 12 replicate pens and one pig per pen in a 42-d feeding experiment. The NE and amino acid (AA) concentrations in all diets were calculated based on the values from NRC (2012). Ratios between standardized ileal digestible AA and NE concentrations in all diets were closely maintained. Pigs were allowed ad libitum access to feed and water. Results indicated that calculated NE concentrations in diets (i.e., five dietary treatments) were close to measured NE concentrations using French NE system in diets. The final BW was increased (linear and quadratic, p<0.05) with increasing NE concentrations in diets. Furthermore, average daily gain (ADG) was increased (linear and quadratic, p<0.01) with increasing NE concentrations in diets. There was a quadratic relationship (p<0.01) between average daily feed intake and NE concentrations in diets. Feed efficiency (G:F) was also increased (linear, p<0.01) as NE concentrations in diets were increased. The NE intake per BW gain (kcal NE/kg of BWG) was increased (linear, p<0.01) with increasing NE concentrations in diets that were predicted from both French and Dutch CVB NE systems. Linear regression indicated that predictability of daily NE intake from the BW of pigs was very low for both French ($R^2$, 0.366) and Dutch CVB ($R^2$, 0.374) NE systems. In conclusion, increasing NE concentrations in diets increase BW, ADG, G:F, and NE intake per BW gain of early finishing gilts. The BW of early finishing gilts is not a good sole variable for the prediction of daily NE intake.

A Study on the Construction Process and Architectural Characteristics of the Korean Pavilion in 1900 Paris Universal Exposition; Focused on the Plan of Korean Pavilion designed by Comte de Mimerel, the General Affairs Committee (1900년 파리 만국박람회 "한국관" 의 건축경위 및 건축적 특성에 관한 연구;프랑스 측 총무대원 미므렐 백작(Comte de Mimerel)의 "한국관" 설계안을 중심으로)

  • Jin, Kyung-Don;Park, Mi-Na
    • Korean Institute of Interior Design Journal
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    • v.17 no.4
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    • pp.11-22
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    • 2008
  • This study aims at clarifying the circumstances under which the Korean Pavilion was constructed at the 1900 Paris Universal Exposition, and major architectural features of the pavilion building, In particular, this thesis studies the construction history of the Korean Pavilion newly developed by Comte de Mimerel on the part of France following the sudden death of Baron Delort de Gleon during the construction of the Korean Pavilion, as well as architectural features of the draft design. The Korean Pavilion designed by Comte de Mimerel completely reproduces Keunjeongjeon of Gyeongbok Palace, faithfully complying with the then design tendency of the exposition. Mr. Young Chan Min, the Vice Chairman of the Seoul Organization Committee, positively participated in the construction process, and traditional carpenters in Chosun, together with Mr. Young Chan Min, were dispatched to Paris to engage in the construction of the pavilion building. This is substantially in contrast to the earlier design. According to the analysis in this study, although the Korean Pavilion designed by Comte de Mimerel was primarily built with the fund of the French Government and under the French architectural system, as a result of the Korean Government's positive participation in the construction process, it was decided to use Geunjeongjeon, the symbol of Chosun, as a model of the pavilion, and therefore, the Korean Pavilion was recognized by the Europeans as a monument of complex and sophisticated civilization. Furthermore, commercial and colonialistic expressions, which were found in the earlier plan, are rarely found in the Korean Pavilion designed by Comte de Mimerel, and we can see that this is the result of the attempt to fully reproduce Geunjeongjeon, the major building of the Chosun royal court, in building the Korean Pavilion.

A Study on Place Identity in Seo-Rae Village - Focusing on Comparison of Sense of Place between Inhabitants and Visitors - (서래마을의 장소 정체성에 대한 연구 - 프랑스인 주민과 방문자의 인식 비교를 중심으로 -)

  • Han, Sung-Mi;Im, Seung-Bin;Eom, Boong-Hoon
    • Journal of the Korean Institute of Landscape Architecture
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    • v.37 no.4
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    • pp.32-41
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    • 2009
  • Places such as famous urban sights and foreign settlements have recently been created in Korea, which reflects the increase in social and cultural exchanges and the number of place-making and landscape-planning projects. Understanding place identity is required in environmental design and planning. This paper examined the components of the identity of place through comparison of perceptions of "placeness" between residents and visitors of Seo-Rae Village, Seoul, Korea. More than 40% of French nationals in Korea reside in the village, which many Koreans visit as an urban sightseeing place. Twenty-five French inhabitants and forty-one Korean visitors were surveyed. Insideness of Seo-Rae Village was formed by limited activities and needs of the residents, primarily children's education and food purchases. Residents mentioned that the physical environment, especially buildings, lacked theauthenticity of French style. The symbolic meaning of the French village influenced the visitors' activities. The authenticity of French style, however, did not affect the perception of visitors and outsideness of the place. Visitors' activities and cognitive meanings of the place were formed mainly by the commercial environment established by Korean investments. Commercialization of the place and related activities played an important role in establishing insideness of the place. The village shows the phenomenon of the reversal of insideness and outsideness. The "placeness" of Seo-Rae village has been shaped by visitors' tastes rather than the true experience of insideness. Mass identity formed by mass media using French characteristics influenced this phenomenon. Insideness formed by inhabitants appeared to be a pseudo-place, which was created by the French tastes of visitors and lacked French authenticity. Seo-Rae Villagerepresents a superficial cloak.

A Study on the characteristics of Philippe Starck's furniture design (필립 스탁의 가구디자인 특성에 관한 연구)

  • Park, So-La
    • Korean Institute of Interior Design Journal
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    • v.17 no.1
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    • pp.162-169
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    • 2008
  • Philippe Starck is a famous french designer known for his creative works in all aspects of life from architectural space to product design. Especially, in regard to furniture, he designed more than 250 works with various design characteristics. This study therefore aims to examinate the characteristics of furniture designed by Philippe Starck through assessment of his design background and philosophy, evaluation of fifty or so of his works in terms of their function, form, material, and emotions, and lastly through a chronological analysis. As a result from this study, following various results are drawn as design characteristic through forty six representative cases: 1) possibility of fabrication and transformation 2) multi-function or optional function for user 3) pursuit of simplicity using the characteristic of singular material or mono block and immateriality 4) emotional approach in design 5) non-design method such as use of archetype or historical form.

A Study on the Decoration of Men's Western Costume (서양복식사에 나타난 남성복 장식에 관한 연구)

  • Jeong, Hwa-Yeon
    • Journal of the Korea Fashion and Costume Design Association
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    • v.9 no.2
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    • pp.31-48
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    • 2007
  • The purpose of the this study is to make a historical review of changes in the structural decorations of men's costume from ancient times to modern times and to provide basic materials for developing handicraft decoration techniques and sewing methods in contemporary fashion. Their gorgeousness of collars and sleeves reached its peak along with the exaggerated expression of the human body during the Renaissance when people were free from Christian traditions of the Middle Ages and pursued human pleasures. Huge and decorative collars gave great dignity and formality to the wearer. Sleeves were slim and cuffs were small or nonexistent after the French Revolution. Various decorated pockets had been developed since pockets began to be attached to coats in the 17th century. Pockets were at the bottom of coat in the late 17th century, but they were gradually placed much higher on the coat. Buttons began to be used as the tool for sticking fast body to clothes in the 12th century and became extremely sumptuous accessories in the $16th{\sim}18th$ centuries. Men's clothes were simpler and more practical after the French Revolution. The result was that decorative buttons begun to disappear and metal buttons came out for practical purpose. The number of buttons worn on sleeves was also noticeably reduced. This research suggested the possibility that various decoration techniques could create the unique details in the each part of clothes. In order to develop high value-added products, we need to study various decoration-sewing methods and put to practical use them for creative fashion design.

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