• 한국경영과학회지
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• 제15권2호
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• pp.45-61
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• 1990

This study examines shareholder wealth effects in tender offers and attempts to explain abnormal return variations of bidding and target firms at announcement of takeovers using the free cash flow hypothesis of Jensen. On average, bidders with large free cash flows pay higher premia (apparently more than fair market value) to targets than do other bidders with no free cash flows. Thereby, these bidders experience negative wealth effects on announcement of tender offers. Cross-sectional regression analysis suggests that for the subsample of takeover bids where bidders have large free cash flows, the increase in the debt ratio resulting from takeover has a significant positive wealth effect for bidding firm shareholders, while it has no effect in other subsamples. The evidence is consistent with the free cash flow hypothesis.

• 한국전산유체공학회:학술대회논문집
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• 한국전산유체공학회 2001년도 춘계 학술대회논문집
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• pp.9-14
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• 2001

Astrophysics has been one of the disciplines which utilize actively supercomputers for their researches. In this paper, studies of astrophysical flows by large scale numerical simulations in supercomputers are discussed. The followings are described: 1) characteristics of astrophysical flows, 2) numerical codes to study astrophysical flows, 3) performance of the codes in parallel supercomputers. A couple of examples of such studies are briefly presented: 1) three-dimensional evolution of the nonlinear Kelvin-Helmholtz instability in a magnetized medium, 2) three-dimensional simulations of astrophysical jets in a magnetized medium.

• 한국컴퓨터정보학회논문지
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• 제5권3호
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• pp.151-158
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• 2000

This dissertation measures transitory items using earnings change scaled by beginning-of-period price(FreemanㆍTse 1992) and the earnings-to-price ratio(AliㆍZarowin 1992). Contextual regression model results confirm the incremental explanatory power for predominantly permanent earnings, and suggest that cash flows also have incremental explanatory power in the presence of predominantly permanent earnings. But contextual regression results represent that while earnings are consistent with a smaller marginal impact from extreme (transitory) earnings on abnormal returns, cash flows have no greater impact on abnormal returns in the presence of large transitory components in earnings.

• 대한조선학회지
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• 제21권2호
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• pp.9-17
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• 1984

Laminar and turbulent boundary layers on a rotating sector and a helical blade are calculated by differential method. The estimation of three dimensional viscous flows provide quite useful informations for the design of propellers and turbo-machinery. A general method of calculation is presented in this paper. Calculated laminar boundary layer on a sector shows smooth development of flows from Blasius' solution at the leading edge to von Karman's solution of a rotating disk at the down-stream. Eddy viscosity model is adopted for the calculation of turbulent flows. Turbulent flows on a rotating blade show similar characters as laminar flows. But cross-flow angle of turbulent flows are reduced in comparison with laminar boundary layers. Effects of rotation make flow structures significantly different from two-dimensional flows. In the range of Reynolds number of model scale propellers, large portion of the blade are still in the transition region from laminar to turbulent flows. Therefore viscous flow pattern might be quite different on the blade of model propeller. The present method of calculation is to be useful for the research of scale effects, cavitation, and roughness effects of propeller blades.

• 대한기계학회:학술대회논문집
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• 대한기계학회 2002년도 학술대회지
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• pp.143-146
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• 2002

Recently the micro flows have been received much attention in the applications with regard to Micro Electro Mechanical Systems(MEMS). Such flows are governed by relatively large viscous forces, compared with inetia force, and frequently specified by slip wall boundary conditions. In the present study, computations are applied to investigate the compressible viscous flows through an extremely small channel, and theoretical analyses are conducted using the Fanno flow theory. The axisymmetic, compressible, Wavier-Stokes equations are numerically solved by a fully implicit finite implicit method. The predicted results are validated with previous experimental data available. The results obtained show that for small Reynolds numbers, the viscous frictional force significantly influences the compressible micro channel flows.

• 한국산학기술학회논문지
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• 제10권3호
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• pp.507-514
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• 2009

본 연구에서는 재순환 유동 현상을 포함하는 후향 계단에서 난류 유동장에 대한 LES의 예측성능을 검토하였다. LES의 난류모델로서 Localized Dynamic ksgs-equation 모델이 적용되었으며, 계산시간의 절감을 위하여 16개의 프로세서를 이용한 병렬계산이 수행되었다 후향 계단의 층류 유동에 대한 직접수치모사(DNS)의 수행 결과, 본 계산 결과는 기존의 실험 및 수치결과를 매우 잘 예측하였다. 또한 중간 및 높은 Re 수에 해당되는 난류 영역의 LES 결과는 평균 재순환 유동특성을 비교적 잘 예측하였다. 위 결과를 통해 본 연구에서 개발된 LES 프로그램은 향후 실용 연소기에서 연소 불안정성 및 연소 소음 등의 해석에 유용할 것으로 기대된다.

• KSII Transactions on Internet and Information Systems (TIIS)
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• 제11권10호
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• pp.4717-4737
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• 2017

Today, smart grids, smart homes, smart water networks, and intelligent transportation, are infrastructure systems that connect our world more than we ever thought possible and are associated with a single concept, the Internet of Things (IoT). The number of devices connected to the IoT and hence the number of traffic flow increases continuously, as well as the emergence of new applications. Although cutting-edge hardware technology can be employed to achieve a fast implementation to handle this huge data streams, there will always be a limit on size of traffic supported by a given architecture. However, recent cloud-based big data technologies fortunately offer an ideal environment to handle this issue. Moreover, the ever-increasing high volume of traffic created on demand presents great challenges for flow management. As a solution, flow aggregation decreases the number of flows needed to be processed by the network. The previous works in the literature prove that most of aggregation strategies designed for smart grids aim at optimizing system operation performance. They consider a common identifier to aggregate traffic on each device, having its independent static aggregation policy. In this paper, we propose a dynamic approach to aggregate flows based on traffic characteristics and device preferences. Our algorithm runs on a big data platform to provide an end-to-end network visibility of flows, which performs high-speed and high-volume computations to identify the clusters of similar flows and aggregate massive number of mice flows into a few meta-flows. Compared with existing solutions, our approach dynamically aggregates large number of such small flows into fewer flows, based on traffic characteristics and access node preferences. Using this approach, we alleviate the problem of processing a large amount of micro flows, and also significantly improve the accuracy of meeting the access node QoS demands. We conducted experiments, using a dataset of up to 100,000 flows, and studied the performance of our algorithm analytically. The experimental results are presented to show the promising effectiveness and scalability of our proposed approach.

• 한국농공학회논문집
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• 제50권2호
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• pp.45-52
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• 2008

Contaminant transport has been widely studied in rigid porous media, but there are some cases where a large volumetric stain occurs such as dewatering of dredged contaminated sediment, landfill liner, and in-situ capping. This paper presents a numerical investigation of contaminant transport coupled with large strain consolidation. Consolidation test was performed with contaminated sediments collected in Gary, Indiana, U.S. to obtain constitutive relationships, which are required for numerical simulations. Numerical results using CST2 show an excellent agreement with measured settlement and excess pore pressure. CST2 is then used to simulate contaminant transport during and after in-situ capping. Numerical simulations provide that transient advective flows caused by consolidation significantly increase the contaminant transport rate. In addition, the numerical simulations revealed that active capping with Reactive Core Mat (RCM) significantly decelerates consolidation-induced contaminant transport.

• International Journal of Ocean Engineering and Technology Speciallssue:Selected Papers
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• 제4권1호
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• pp.1-9
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• 2001

An oscillating body motion with extremely large amplitude has been studied using the viscous flow solver. Time simulations of oscillating ship hull in prescribed heave and roll motions are presented using RANS method with FAM approach (Chen, 1995). For viscous flows, laminar flow and turbulent flow with $textsc{k}$-$\varepsilon$ model are considered and compared. The viscous flow solver of RANS method is performed together with a Chimera type of multi-block grid system to demonstrate the advantage of accurate and efficient zonal approach. In the present study, effects of viscosity and oscillation degree are discussed using Re=1000 and Re=1000000. Large motion of oscillating body shows clear vortex propagation that is not possible for inviscid flow to present.

• Journal of Advanced Marine Engineering and Technology
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• 제20권5호
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• pp.58-67
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• 1996

In the present study, the pressure distribution, wall shear stress distribution and friction factor of developing turbulent pulsating flows are investigated theoretically and experimentally in the entrance region of a square duct. The pressure distribution for turbulent pulsating flows are in good agreement with the theoretical values. The time-averaged pressure gradients of the turbulent pulsating flows show the same tendency as those of turbulent steady flows as the time-averged Reynolds number $(Re_{ta})$ increase. Mean shear stresses in the turbulent pulsating flow increase more in the inlet flow region than in the fully developed flow region and approach to almost constant value in the fully developed flow region. In the turbulent pulsating flow, the friction factor of the quasi-steady state flow $({\lambda}_{q, tu})$ follow friction factor's law in turbulent steady flow. The entrance length of the turbulent pulsating flow is not influenced by the time-averaged Reynolds number $(Re_{ta})$ and it is about 40 times as large as the hydraulic diameter.