• Title/Summary/Keyword: IS200

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KOSPI 200 Derivatives and Volatility Asymmetry of Stock Markets (KOSPI 200 파생상품 거래와 주식수익률 변동성의 비대칭성)

  • Park, Jong-Won
    • The Korean Journal of Financial Management
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    • v.23 no.1
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    • pp.101-133
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    • 2006
  • We examine whether new derivatives on KOSPI 200 affect volatility asymmetry of KOSPI 200 portfolio, relative to the carefully matched non-KOSPI 200 portfolio. To test the effect or new derivatives trading, we use GJR-GARCH model and newly developed Volatility Ratio(down-market volatility to up-market volatility ratio). Our results show that KOSPI 200 portfolio experiences lower volatility asymmetry than non-KOSPI 200 portfolio after the trading of new derivatives on KOSPI 200, especially after the introduction of stock index options(KOSPI 200 options). For non-KOSPI portfolio, no significant reduction in volatility asymmetry occurred when trading of stock index options began. Also, we find that in the period of after January 1999, the period of after do-regulations and Financial Crisis in the Korean capital market, volatility asymmetry of stock markets was significantly decreased. This means that level of volatility asymmetry is closely related to the level of market regulations. Further, the results of the paper show that leverage effect and changes in foreign exchange ratio can be good candidates for explaining the stylized volatility asymmetry in the Korean stock market.

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A 200MHz high speed 16M SDRAM with negative delay circuit (부지연 회로를 내장한 200MHz 고속 16M SDRAM)

  • 김창선;장성진;김태훈;이재구;박진석;정웅식;전영현
    • Journal of the Korean Institute of Telematics and Electronics C
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    • v.34C no.4
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    • pp.16-25
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    • 1997
  • This paper shows a SDRAM opeating in 200MHz clock cycle which it use data interleave and pipelining for high speed operation. We proposed NdC (Negative DEaly circuit) to improve clock to access time(tAC) characteristics, also we proposed low power WL(wordline)driver circit and high efficiency VPP charge-pump circit. Our all circuits has been fabricated using 0.4um CMOS process, and the measured maximum speed is 200Mbytes/s in LvTTL interface.

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Effect Of Cut Depth On Rough Quality And Energy Consumption When Turing Cylindrical With The Pinacho S-90/200 Lathe

  • Sang Van Nguyen;Fadhli Ranuharja
    • International journal of advanced smart convergence
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    • v.12 no.1
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    • pp.101-107
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    • 2023
  • Machine tools are widely used in mechanical manufacturing corporations, as well as in engineering courses at universities in Vietnam. The PINACHO S-90/200 lathe is particularly popular. This paper aims to research and select an optimal cutting depth to minimize power costs and ensure surface roughness quality when machining upper plain cylindrical turning products with the PINACHO S-90/200 lathe on C45 steel material.

The Study on the Vibrational Characteristics of Korean Tilting Train Hanvit200 (한국형 틸팅열차 한빛200의 진동 특성에 관한 연구)

  • Kim, Nam-Po;Kim, Jung-Seok;Park, Tae-Won
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.18 no.8
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    • pp.864-871
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    • 2008
  • The tilting trains can run on curve track about 30% faster than conventional train without affecting passenger comfort. As the tilting trains offer the optimum means of providing faster and more comfortable rail service with minimum of environmental disturbance and capital investment, it is widely adopted for commercial operation all over the world. Over several years, the Korea Railroad Research Institute(KRRI) and Ministry of Construction and Transportation(MOCT) have been developing 200 km/h Korean tilting train, Hanvit200. Hanvit200 adopts the pendulum type tilting mechanism and hybrid car body structure, mainly CFRP combined with steel. In this paper the vibrational characteristics of Hanvit200 was investigated through Eigen vector analysis, modal test and main line running test.

The study on the vibrational characteristics of Korean Tilting Train, Hanvit200 (한국형 틸팅열차 한빛200의 진동 특성에 관한 연구)

  • Kim, Nam-Po;Han, Seong-Ho;Choe, Kang-Yun;Park, Tae-Won
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2008.04a
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    • pp.519-524
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    • 2008
  • The tilting trains can run curve track about 30% faster than conventional train without affecting passenger comfort. As the tilting trains offer the optimum means of providing faster and more comfortable rail service with minimum of environmental disturbance and capital investment, it is widely adopted for commercial operation all over the world. Over several years, the Korea Railroad Research Institute(KRRI) and Ministry of Construction and Transportation(MOCT) have been developing 200 km/h Korean tilting train, Hanvit200. Hanvit200 adopt the pendulum type tilting mechanism and hybrid car body structure, mainly CFRP combined with steel. In this paper the vibrational characteristics of Hanvit200 was investigated through Eigen vector analysis, Modal Test and main line running test.

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Experimental Analysis of Wheel Radiation Noise of HANVIT 200 Train in Curve Lines (곡선부에서의 한빛 200 열차 차륜방사 소음 특성)

  • Lee, Chan-Woo;Kim, Jae-Chul
    • Proceedings of the KSME Conference
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    • 2008.11a
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    • pp.907-910
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    • 2008
  • The wheel radiation noise characteristic of Korean tilting train(Hanvit 200) on curved rail under the field test conditions is analyzed in this paper. The test railroad track was selected from Seodaejon to Songjeongri in Honam line. $5^{th}$ and $6^{th}$ car are decided to measure radiation noise level among a train of six cars. The test subject curve radius executed from R400, R500, R600, R700 and R800 segments. The speed of test trains when from R600 and R800 curves existing operation speed and speed up 20% of existing speed. On curved rail at the time of operation speed of Hanvit 200 trains from below 95km/h wheel radiation noise level at $94dBA{\sim}99dBA$, the operation speed from between $100km/h{\sim}144km/h$ wheel radiation noise level at $100dBA{\sim}106dBA$.

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Development of Farm Size Dairy Feedmill System in Korea(I) -Development of the TMR Terminal- (우리나라의 낙농단지규모에 알맞는 사료가공시설의 모델개발(I) -TMR 터미널의 모델 개발-)

  • Park, K.K.;Kim, T.W.
    • Journal of Biosystems Engineering
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    • v.19 no.4
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    • pp.329-342
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    • 1994
  • In order to reduce the production cost and improve the quality of dairy feed, several dairy feed mill models suitable for Korean farm size were developed. 6 TMR models were developed for the 1000, 600, 200 head of dairy cattle, and evaluated for capital investments and production costs to suggest the best model. Followings are summary of this study : 1. TMR terminal models were designed that dairy production capacity of TMR1000 models are 40 ton/day, TMR600 model is 20 ton/day and TMR200 models are 10 ton/day. Also, they can be extended their capacity up to twice. 2. Capital investment of TMR terminal models is 145 million won for TMR200-1,205 million won for TMR600 and 609 million won for TMR1000-3 model. 3. The bigger TMR terminal model has the more advantage in production cost. The best model for 1000 head of dairy cattle farm was TMR1000-3 with 10,849 won/ton of production cost, TMR600 for 600 head of dairy cattle farm with 13,829 won/ton, TMR200-1 for 200 head of dairy cattle farm with 16,943 won/ton of production cost, so feed production cost for the 200 head farm was 50% higher than 1,000 head size farm.

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Antigenicity of CFC-101(Pseudomonas vaccine) in Guinea Pigs and Mice (기니픽과 마우스에서 CFC-101(녹농균 백신)의 항원성시험)

  • 백남진;김달현;이동억;선우연;한형미;정승태;김필선;김현수
    • Biomolecules & Therapeutics
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    • v.2 no.4
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    • pp.331-335
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    • 1994
  • As a part of the safety evaluation of Pseudomonas vaccine(CFC-101), antigenicity tests were carried out in guinea pigs and mice. In active systemic anaphylaxis(ASA) test, guinea pigs showed no sign or only moderate sign(1/5) when sensitized and challenged with up to 200 $\mu\textrm{g}$/kg. In homologous passive cutaneous anaphylaxis(PCA) test using guinea pigs, inoculation of CFC-101 alone did not produce CFC-101-specific antibody. When inoculated with 200 $\mu\textrm{g}$/kg plus adjuvant, challenge of 200 $\mu\textrm{g}$/kg produced PCA titer of 32(5/5) but challenge of 20 $\mu\textrm{g}$/kg did not produce CFC-101-specific antibody. In heterologous PCA test using mice, CFC-101-specific antibody was not detected when sensitized with CFC-101 alone. Some animals(3/12) showed positive PCA response when inoculated with 200 $\mu\textrm{g}$/kg plus alum. In passive hemagglutination (PHA) test, although no antibody was detected at 20 $\mu\textrm{g}$/kg, inoculation of 200 $\mu\textrm{g}$/kg alone or with alum produced positive response in all animals. This result has already been predicted because CFC-101 is a vaccine developed for the purpose of immunization. From the above results, it can be concluded that there is no adverse antigenic potential up to 10 times clinical dose of 200 $\mu\textrm{g}$/kg.

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Attenuation of p-dimethylaminoazobenzene initiated genotoxicity and cytotoxicity in mice by the combined treatment of a traditional homeopathic remedy Chelidonium Majus 200C and vitamin-C

  • Biswas, Surjyo Jyoti;Karmakar, Susanta Roy;Khuda-Bukhsh, Anisur Rahman
    • CELLMED
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    • v.2 no.4
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    • pp.35.1-35.11
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    • 2012
  • The homeopathic remedy Chelidonium majus 200C (Chel-200) is traditionally used by homeopathic practitioners in liver ailments arising out of hepatotoxicity. The present investigation was aimed at examining whether vitamin C (L-ascorbic acid or AA), used in both traditional and orthodox medicines, can show better effects when used in combination with Chel-200, in favorably modifying the toxicological effects induced by the chronic feeding of p-dimethylaminoazobenzene (p-DAB, initiator) and phenobarbital (PB, promoter) in mice for 7 days through 120 days to induce hepatotoxicity and liver tumors. Mice were euthanized at 7, 15, 30, 60, 90, and 120 days of carcinogen feeding to assess various cytogenetical, biochemical and histological changes occurring in them. In a placebo controlled study, Chel-200 or the respective placebo (Alcohol-200C or Alc, "vehicle" of homeopathic drug), was orally administered to toxicant-fed mice. Sub-groups of the mice receiving Chel-200 were also fed either AA or an Alc placebo and their individual and conjoint effects were studied against the respective controls, to evaluate if the combination therapy of Chel-200 with AA can be of additional help in the amelioration of the toxicities generated by the toxicants. The combined feeding of Chel-200 and AA appeared to reduce the cytotoxic and genotoxic effects significantly, when compared to either only the Chel-200 or AA fed group. A similar trend was also obtained in the results of scanning and transmission electron microscopic studies of the livers. Experiments in other mammalian models are warranted to confirm if these drugs in combination could be used in palliative care of human patients with liver diseases including cancer.

An Empirical Study on Existence of Arbitrage Opportunities in the KOSPI 200 Futures Market (KOSPI 200 주가지수선물시장에서의 차익거래에 관한 실증연구)

  • Rhieu, Sang-Yup;Kim, Jae-Mahn
    • Korean Business Review
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    • v.16
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    • pp.145-168
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    • 2003
  • This study is mainly aimed at analyzing the influence of the divergency(mispricing) between KOSPI 200 theoretical prices and its real prices of KOSPI 200 spot index, considering the existence of arbitrage opportunity from the mispricing. The data in this study are the daily prices of 1262 days, from 3 May 1996 to 14 December 2000. The results of our empirical study represent that the real prices in KOSPI 200 Stock Index Futures are continuously undervalued relative to their corresponding theoretical prices. Our study reconfirms the results from previous studies conducted at the domestic and overseas markets. We conclude that the undervaluation, especially in the market opening period, could come from fear of investors, whose experiences in the stock index futures market are limited, chiefly because of loss and uncertainty of prediction toward interest rates and dividends. Our study also represents that KOSPI 200 index shows more volatilities during days with mispricing relative to days without mispricing.

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