• Journal of Korean Society of Industrial and Systems Engineering
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• v.44 no.4
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• pp.98-105
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• 2021

Using the frequency-based decomposition, I decompose the consumption growth to explain well-known patterns of stock returns in the Korean market. To be more specific, the consumption growth is decomposed by its half-life of shocks. The component over four years of half-life is called the business-cycle consumption component, and the components with half-lives under four years are short-run components. I compute the long-run and short-run components of stock excess returns as well and use component-by-component sensitivities to price stock portfolios. As a result, the business-cycle consumption risk with half-life of over four years is useful in explaining the cross-section of size-book-to-market portfolios and size-momentum portfolios in the Korean stock market. The short-run components have their own pricing abilities with mixed direction, so that the restricted one short-term factor model is rejected. The explanatory power with short- and long-run components is comparable to that of the Fama-French three-factor model. The components with one- to four-year half-lives are also helpful in explaining the returns. The results about the long-run components emphasize the importance of long-run component in consumption growth to explain the asset returns.

• Journal of Korean Society on Water Environment
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• v.25 no.2
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• pp.295-305
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• 2009

The purpose of this study was to understand of water quality characteristics of lake Paldang, especially at a certain representative site, right in front of Paldang dam ($P_2$ site) and to propose the directions of water quality management of lake Paldang. Water characteristics at $P_2$ site was investigated by principle components analysis and the Pearson correlation coefficient analysis. Also, seasonality was identified by the Kruskal-Wallis test and long term trend of nutrients and chlorophyll-a was analyzed by seasonal decomposition method at lake Paldang statistically. The primary factor affecting on water quality at $P_2$ site was identified as nutrients, while physical parameters, such as rainfall and inflow rate were also important factors. At the result of linear regression analysis particulate organic phosphorus (POP) vs total phosphorus (TP) showed very high correlation of 0.78. TP loading was increased annually from 1995 to 2006. Chlorophyll-a and nutrients show seasonality at $P_2$ site. Long term trend of Chlorophyll-a was increased by increase of TP at lake Paldang.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.32 no.2A
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• pp.97-108
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• 2012

Dynamic responses were measured using long-term monitoring system for Uldolmok tidal current pilot power plant which is one of jacket-type offshore structures. Among the dynamic quantities, the tilt angle was chosen because the low frequency response components can be precisely measured by dynamic tiltmeter, and the natural frequencies and modal damping ratio were successfully identified using proposed LS-FDD (least squared frequency domain decomposition) method. And the effects of tidal height and tidal current velocity on the variation of natural frequencies and modal damping ratios were investigated in time and frequency domain. Also the non-parametric models were tested to model the relationship between tidal conditions and modal properties such as natural frequencies and damping ratios.

• Health Policy and Management
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• v.30 no.1
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• pp.100-111
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• 2020

Background: Few studies have examined the performance of the public long-term care insurance (LTCI) from the perspective of geographic equity. This study investigated regional variations and associated factors in the supply and utilization of nursing home care within and also between Japan and Korea. Methods: A comparative dataset was developed by extracting data from 2013-2015 LTCI statistics yearbooks and Organization for Economic Cooperation and Development regional statistics, as well as other comparable data in Japan and Korea. The unit of analysis was the prefecture in Japan and the province in Korea. We computed variation indices and conducted regression analyses for regional variations within each country and decomposition analyses to examine the variations between the countries. Results: The overall regional supply and use of nursing home care were higher in Japan, but the regional variations in Korea were larger than in Japan. In both countries, the nursing home supply was negatively associated with the proportion of older people with independent living. Nursing home use was also negatively associated with the supply of hospital beds and home care agencies in Korea; the relationship was the opposite in Japan, however. The country-based differences were more likely to be explained by differences in the distributions of the variables included in the analytical model than country-specific characteristics. Conclusion: Regional-level nursing home supply and use were unequal in both countries, and the contributing factors were not the same. Policy efforts are needed to advance regional equality in long-term care (LTC) and collaboration between health and LTC institutions for frail older people, especially in Korea.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.24 no.2
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• pp.185-191
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• 2011

Plastic gradient from geometrically necessary dislocation(GND) can affect material behavior significantly. In this research, mechanical behavior of polycrystalline solid is investigated using the finite element method incorporating plastic gradient from long range dislocation or GND effect. Plastic gradient effect is implemented in the analysis model by considering a long range strain term as well as elastic and plastic terms in the multiplicative decomposition. In the model, gradient hardness coefficient and length parameter are used to evaluate the effect of the long range strains and sensitive study is conducted for the parameters. It is confirmed that the GND amplifies hardening response of polycrystals compared with the single crystal.

• Journal of Ecology and Environment
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• v.32 no.2
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• pp.123-127
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• 2009

Weight loss and nutrient dynamics of Quercus mongolica leaf litter during decomposition were investigated from December 2005 through August 2008 in Mt. Worak National Park as a part of National Long-Term Ecological Research Program in Korea. The decay constant (k) of Q. mongolica litter was 0.26. After 33 months decomposition, remaining weight of Q. mongolica litter was 49.3$\pm$4.4%. Initial C/N and C/P ratios of Q. mongolica litter were 43.3 and 2,032, respectively. C/N ratio in decomposing litter decreased rapidly from the beginning to nine months decomposition, and then showed more or less constant. C/P ratio increased to 2,407 after three months decomposition, and then decreased steadily thereafter. N and P concentration increased significantly during decomposition. N immobilization occurred from the beginning through 18 months decomposition, and mineralization occurred afterwards in decomposing litter. P immobilized significantly from fifteen months during decomposition. K concentration decreased rapidly from the beginning to six months decomposition. However it showed an increasing pattern during later stage of decomposition. Remaining K decreased rapidly during early stage of decomposition. There was no net K immobilization. Ca concentration increased from the beginning to twelve months decomposition, and then decreased rapidly till twenty one months elapsed. However, it increased again thereafter. Ca mineralization occurred from fifteen months. Mg concentration increased during decomposition. There was no Mg immobilization during litter decomposition. After 33 months decomposition, remaining N, P, K, Ca and Mg in Q. mongolica litter were 79.2, 110.9, 36.2, 52.7 and 74.4%, respectively.

• Journal of Ecology and Environment
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• v.31 no.4
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• pp.291-295
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• 2008

Weight loss and nutrient dynamics of oak and pine leaf litter during decomposition were investigated from December 2005 through June 2008 at Mt. Worak National Park as a part of National Long-Term Ecological Research Program in Korea. The decay constant (k) of oak and pine leaf litter were 0.314 and 0.217, respectively. After 30 months decomposition, remaining weight of oak and pine leaf litter was 45.5% and 58.1%, respectively. Initial C/N ratio of oak and pine leaf litter was 53.4 and 153.0, respectively. Carbon % of initial oak and pine leaf litter was similar with each other; however, nitrogen content of initial oak leaf litter (0.85%) was greater than that of initial pine leaf litter (0.33%). N and P concentration in both decomposing leaf litter increased significantly during decomposition. There was no net N and P mineralization period in decomposing pine leaf litter. K, Ca and Mg concentration in both decomposing leaf litter showed different pattern with those of N and P. After 30 months decomposition, remaining nutrients in oak and pine leaf litter were 97.7 and 216.2% for N, 123.2 and 216.5% for P, 39.3 and 44.8% for K, 47.9 and 40.6% for Ca, 30.7 and 51.2% for Mg, respectively.

• Journal of the Korean Solar Energy Society
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• v.39 no.3
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• pp.81-89
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• 2019

Long-term solar irradiance data are required for reliable performance evaluation and feasibility analysis of solar photovoltaic systems. However, measurement data of the global horizontal irradiance (GHI) are only available for major cities in Korea. Neither the direct normal irradiance (DNI) nor the diffuse horizontal irradiance (DHI) are available, which are also needed to calculate the irradiance on the tilted surface of PV array. It is a simple approach to take advantage of the decomposition model that extracts DNI and DHI from GHI. In this study, we investigate variations of solar PV power estimation due to the choice of decomposition model. The GHI data from Korea Meteorological Administration (KMA) were used and different sets of typical meteorological year (TMY) data using some well-known decomposition models were generated. Then, power outputs with the different TMY data were calculated, and a variation of 3.7% was estimated due to the choice of decomposition model.

• Proceedings of the Korea Water Resources Association Conference
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• 2011.05a
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• pp.90-90
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• 2011

Long-term nonstationary oscillations (NSOs) are commonly observed in hydrological and climatological data series such as low-frequency climate oscillation indices and precipitation dataset. In this work, we present a stochastic model that captures NSOs within a given variable. The model employs a data-adaptive decomposition method named empirical mode decomposition (EMD). Irregular oscillatory processes in a given variable can be extracted into a finite number of intrinsic mode functions with the EMD approach. A unique data-adaptive algorithm is proposed in the present paper in order to study the future evolution of the NSO components extracted from EMD.

• Geotechnical Engineering
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• v.13 no.2
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• pp.65-76
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• 1997

It has been a growing concern how to use Nanji-Island landfill and other refuse landfills located around metropolitan areas. In this paper, settlement characteristics of Nanji -Island landfill were studied by analyzing the data collected over the period of two years. The settlement characteristics were similar to the analyzed settlement characteristics of 24 refuse landfills in the United States. The model proposed by Bjarngard and Edger(1990) model is considered to be suitable for the long-term prediction of Wnil -Island landfill. The ten-year -period prediction value of Bjarngard and Edger (1990) model is considerably different from that of Power Creep Model. If existing settlement models used for long-term prediction of the settlement characteristics of landfill are not analyzed thoroughly there remains the possibility of including considerable prediction errors.