• East Asian Economic Review
• /
• v.17 no.3
• /
• pp.311-332
• /
• 2013

This paper examines the effect of initial margin requirements on long-run and short-run volatilities in the Japanese stock market using the Component GARCH model. Our empirical results show that when we do not divide the margin requirement into positive and negative changes, increasing margin requirement is effective for reducing long-run volatility, while not effective in short-run volatility. However, separating the positive and negative changes in margin requirements reveals the fact that the negative changes in margin requirements decrease long-run volatilities, while the higher margin requirements increase short-run volatilities in the Japanese stock market. This suggests that if the Japanese financial authorities intend to increase margin level to reduce volatility, unexpectedly, short-run volatility would be even higher.

• The Journal of Korean Institute of Communications and Information Sciences
• /
• v.28 no.12A
• /
• pp.951-957
• /
• 2003

The analysis of RF performance requirement conditions on communication system is critical indicator to predict the performance of system. UWB(Ultra Wide Band) system which the standard is not established yet is difficult to derive the precise system performance requirement condition. Also, there are differences between conventional UWB system and multi-band system about RF performance requirement condition. In this thesis, the differences are analyzed and performance requirement conditions of multi-band UWB system are described on the basis of the differences. Throughput, maximum transmit power, and sensitivity of multi-band UWB system is varied with respect to the number of Sub-Bands. In addition, because of Multi-path effect, if PRF(Pulse Repetition Frequency) is changed, the Multi-path link margin is happened to compensate for Multi-path Energy Loss which is contributed by increasing of the Link Margin. According to Multi-path Margin, the variation of the resistance with respect to sensitivity and interference signal is observed and analyzed through the simulation.

• International Journal of Aerospace System Engineering
• /
• v.9 no.1
• /
• pp.1-15
• /
• 2022

Pyrotechnic initiators provide a source of pyrotechnic energy used to initiate a variety of space mechanisms. Pyrotechnic systems build in electromagnetic environment that may lead to critical or catastrophic hazards. Special precautions are need to prevent a pulse large enough to trigger the initiator from appearing in the pyrotechnic firing circuits at any but the desired time. The EMC verification shall be shown by analysis or test that the pyrotechnic systems meets the requirements of inadvertent activation. The MIL-STD-1576 and two range safeties, AFSPC and CSG, require the safety margin for electromagnetic potential hazards to pyrotechnic systems to a level at least 20 dB below the maximum no-fire power of the EED. The PC23 is equivalent to NASA standard initiator and the 1EPWH100 squib is ESA standard initiator. This paper verifies the two safety margins for electromagnetic potential hazards. The first is verified by analyzing against a RF power. The second is verified by testing against a DC current. The EMC safety margin requirement against RF power has been demonstrated through the electric field coupling analysis in differential mode with 21 dB both PC23 and 1EPWH100, and in common mode with 58 dB for PC23 and 48 dB for 1EPWH100 against the maximum no-fire power of the EED. Also, the EMC safety margin requirement against DC current has been demonstrated through the electrical isolation test for the pyrotechnic firing circuits with greater than 20 dB below the maximum no-fire current of the EED.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
• /
• v.17
• /
• pp.93-125
• /
• 2002

This paper aims to find a reasonable solvency margin system in non-life insurance industry and also to evaluate the appropriateness of the current solvency margin regulation system in Korea. The current solvency margin system in Korea, based on EU's solvency margin model, was introduced during the 1997 financial crisis. The solvency requirement is not based on non-life insurer's risk, but simply on written premiums. The current solvency margin for general insurance, such as fire, marine, and automobile insurance, is determined by the greater between a premium-based amount and a claim-based amount, where the premium-based solvency margin is calculated by multiplying the net written premium for the preceding year by the premium based solvency margin ratio. Also, the amount of solvency margin for long term insurance is set at 4% of the policy reserve of the long term insurance. Still, there exist many differences between the current solvency margin regulation system in Korea and EU's model. This paper focuses on the rationality of the solvency margin regulation system, and compares the current system in Korea with EU's model and the RBC(Risk Based Capital) system in U.S. and Japan. Finally, this paper suggests a more specific and reasonable solvency margin system to be developed in Korea.

• 제어로봇시스템학회:학술대회논문집
• /
• 1991.10a
• /
• pp.243-247
• /
• 1991

A roll eccentricity controller for a tandem cold rolling process is designed to attenuate the outlet thickness deviation due to roll eccentricity. In order to design the controller, the excess stability margin is maximized by solving a standard H.inf. optimization problem under the requirement that ensure disturbance rejection for a class of disturbance. Robust performance of the proposed controller is checked by a computer simulation.

• Journal of Communications and Networks
• /
• v.8 no.2
• /
• pp.169-174
• /
• 2006

In this paper, the algorithm of a methodology for the calculation of spectrum requirements was implemented. As well, the influence of traffic distribution ratio among radio access technology groups, spectral efficiency, and flexible spectrum usage (FSU) margin was analyzed in terms of the spectrum requirements, with a view toward for future development of international mobile telecommunication (IMT)-2000 and systems beyond IMT-2000. The calculated spectrum requirement in the maximum spectral efficiency case is reduced by approximately 40% compared to a minimum spectral efficiency case. The effect of the distribution ratio on the required spectrum is smaller than the effect of the spectral efficiency. As the flexible spectrum usage margin increases by 1.0 dB, the total spectrum requirement decreases by 0.9 dB. The required spectrum for the market input parameter, ${\rho}$ = 0.5 is 801.63 MHz, while the required spectrum for ${\rho}$ = 1.0 is 6295.4 MHz. This is equivalent to an increase of 785.32 %.

• International Journal of Aeronautical and Space Sciences
• /
• v.4 no.1
• /
• pp.88-98
• /
• 2003

Compared to the noise limits (CAN7) specified in ICAO Annex 16 for civil helicopters, the Lynx helicopter equipped with BERP blades has only 0.2 EPNdB margin in the approach case although it has more than 4 EPNdB margin in fly-over and take-off conditions. The objectives of the study described in this paper were to devise a low noise main rotor blade for the Lynx using UEAF combined with the high resolution airload model ACROT. A design requirement is that the new blade, KBERP (Korean BERP) blade should achieve a significant reduction in noise during approach(at least 6EPNdB margin) without any noise penalty in fly-over and take-off conditions and minimal performance penalty. It was decided to investigate a tip modification to the BERP blade, employing the twin vortex concept to reduce the BVI noise and to retain the excellent high speed performance characteristics of BERP. Through the parametric study, the KBERP blade with optimized twin vortices has at least a 9 EPNdB noise margin in approach flight condition with only a small penalty in fly-over and take-off conditions. The KBERP tip is thus a very cost effective wav to reduce BVI noise during approach.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
• /
• 2007.11a
• /
• pp.281-286
• /
• 2007

Needs of fuel's performance evaluation for the dual-cooled fuel pellet (annular shape) necessitate the irradiation test in the test reactor. Irradiation test rig for the HARARO reactor, which is a special-purposed equipment used for material, irradiation and creep test, must satisfy the operational requirement on the hydraulic characteristics and structural integrity. In this paper, pressure drop and flow-induced vibration test for the newly developed non-instrumented test rig were carried out using FIVPET as a out-pile evaluation test. The test results show that the new test rig satisfy the HANARO operational requirement with sufficient margin. The spectral response characteristics of the flow-induced vibration of the test rid were also discussed.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
• /
• 2008.11a
• /
• pp.226-229
• /
• 2008

To investigate an in-pile behavior of the newly developed DUO fuel pellet, the irradiation test will be carried out in the domestic test reactor. Irradiation test capsule for the HANARO reactor, which is a specially designed equipment used for material, irradiation and creep test, must satisfy the operational requirement on the hydraulic characteristics and structural integrity. In this study, a pressure drop, a flow-induced vibration and a short-term endurance test for the newly developed non-instrumented test capsule were carried out using FIVPET as a out-pile evaluation test. The test results show that the new test rig satisfy the HANARO operational requirement with sufficient margin.

• Journal of the Institute of Electronics and Information Engineers
• /
• v.49 no.12
• /
• pp.226-233
• /
• 2012

In this paper, we propose a 'linear approximation method' which is an accelerated BER (Bit Error Rate) test method for high speed interfaces, based on an analytical BER model. Both the conventional 'Q-factor estimation method' and 'linear approximation method' can predict a timing margin for $10^{-13}$ BER with an error of about 0.03UI. This linear approximation method is implemented on a hardware as an accelerated Built-In Self Test (BIST) with an internal BERT (BET Tester). While a direct measurement of a timing margin in a 3Gbps interface takes about 5.6 hours with $10^{-13}$ BER requirement and 95% confidence level, the accelerated BIST estimates a timing margin within 0.6 second without a considerable loss of accuracy. The test results show that the error between the estimated timing margin and the timing margin from an actual measurement using the internal BERT is less than 0.045UI.