• 산업융합연구
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• 제18권5호
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• pp.1-13
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• 2020

본 연구는 투자자 입장에서 전환사채(CB)의 투자효과가 어느 정도 인지를 규명하고 효율적인 투자방안을 투자자들에게 제시하는 것이 연구목적이다. 연구방법은 2015년부터 2020년 6월까지 발행한 CB에 대한 표면이자율, 만기이자율, 채권만기일, 전환가격, 전환일 등을 조사한 후, 전환일 이후 일별주가변동과 연결하여 CB에 대한 투자효율성 및 주식전환효과가 어느 정도인지를 파악하였다. 연구 결과, 전환가격초과일수비율이 전환 가능한 날짜의 1/4 정도에 불과하여 CB의 투자효율성은 낮은 것으로 분석되었다. 전환일수익률은 평균 -6.3%, 만기일수익률은 평균 -5.2%여서 평균적으로 마이너스 수익률을 보여 투자자 기대와 다르게 투자효과가 산출되었다. 전환일수익률이 마이너스인 종목수가 플러스인 종목수 보다 2.4배, 만기일수익률이 마이너스인 종목수가 플러스인 종목수 보다 3.7배 많아서 CB의 주식전환 기대 수익률은 낮은 것으로 분석되었다.

• 한국초지조사료학회지
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• 제16권4호
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• pp.327-337
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• 1996

A field experiment was conducted at SNU Experimental Livestock Farm, Suweon in 1995 to determine effect of planting date on forage performance of wm hybrids of four different maturity groups. A split-plot design replicated three times was used, with com hybrids representing four maturity groups (115, 118, 121 and 125 days) being the main plots and planting dates (3124, 415, 415, 425, 515 and 5/15) the sub-plots. 1. Days to emergence and percent emergence from the March 24 planting were, on the average, 36 days and 58%, respectively, but those from the April 5 to May 15 planting averaged 12 days and 92%, respectively. 2. Plant and ear heights increased gradually as the dates of planting were delayed except the May 15 planting, however, percent ear was decreased as the dates of planting were delayed. There was a trend for the mean lodging percentage of the hybrids to be higher as the planting date was delayed. 3. The 115-and 118-day mediumearly maturing hybrids harvested on August 18 produced silages with a dry matter content between 27 and 30% at all planting dates except the May 15 planting, while the 121-and 125-day medium-late maturing hybrids produced silages with a dry matter wntent less than 27% regardless of any planting dates. 4. There were no significant differences in mean dry matter yield among the hybrids, but significant mean TDN yield differences were found. The 115-, 118- and 125-day hybrids had significantly higher mean TDN yield than the 121-day hybrid. There were significant differences in mean dry matter and TDN yields among the planting dates. The mean dry matter and TDN yields from the April 5, 15 and 25 plantings were significantly higher than those of other plantings, however, there were no significant differences in mean TDN yield among the April 5, April 15 and April 25 plantings. No significant planting date $\times$ maturity interactions were found for both the dry matter and TDN yields. 5. Mean stover NDF and ADF contents of the 115- and 118day hybrids were higher than those of the 121- and 125-day hybrids, but the reverse was true for mean stover IVDMD and RFV. Mean stover NDF an ADF contents increased with earlier plantings, but mean stover IVDMD and RFV increased when planting was delayed. Results of this experiment indicate that for corn planting in central and northern areas of Korea, early to mid-April may be the right time with the 115-to 118-day maturity hybrids when silage making before August 20 is taken into consideration.

• 서비스연구
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• 제10권4호
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• pp.71-88
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• 2020

CB(전환사채)는 주식전환권을 행사한 이후부터는 채권이 아닌 주식으로 변한다는 점에서 채권과 주식의 성격을 갖고 있는 메자닌 증권이다. 본 연구는 투자자 입장에서 CB의 투자효율성 정도를 실증규명하고 효율적인 투자방안을 제시하는 것이 연구목적이다. 연구방법은 CB종목별로 표면이자율, 만기이자율, 채권만기일, 전환가격, 전환청구일 등을 조사한 후, 전환청구일 이후 발행회사의 일별 주가변동과 연결하여 CB에 대한 투자의 효율성과 CB의 주식전환효과가 어느 정도인지를 계량적으로 파악하고자 하였다. 연구 결과, 전환가격초과일수비율이 전환 가능한 날짜의 1/4 정도에 불과하여 투자효율성은 낮은 것으로 분석되었다. 전환일수익률은 평균 -6.3%, 만기일수익률은 평균 -5.2%여서 평균적으로 minus 수익률을 보여 투자자 기대와 다르게 산출되었다. 전환일수익률이 minus인 종목수가 plus인 종목수보다 2.4배 많았으며, 만기일수익률이 minus인 종목수가 plus인 종목수보다 3.7배 많아서 CB의 주식전환 기대수익률은 낮은 것으로 분석되었다. 연구기여도는 CB의 기대수익률이 높지 않다는 문제점을 도출하였고, 투자자 입장에서 CB를 매입할 때 유의사항을 정립한 데 있다.

• 한국작물학회지
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• 제69권1호
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• pp.61-69
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• 2024

남부지방(진주)에서 콩 생태형에 따라 적기파종 이후 파종 시기를 달리하였을 때 온도와 일장이 생육일수 및 수량에 미치는 영향을 조사한 결과는 다음과 같다. 1. 적기파종 이후 파종시기를 달리하여 파종하였을 때 모든 생태형에서 출현일, 개화소요일수, 전체 생육일수는 단축되었다. 2. 일장과 온도가 생육일수에 미치는 영향을 다중회귀분석으로 분석한 결과 파종~개화기까지 소요일수는 일장과 온도 모두 정의 상관이였고, 개화기~수확기까지 소요일수는 일장은 정의 상관, 온도는 부의 상관이 있었다. 3. 추정 회귀모형은 파종~개화까지 소요일수(Y) = 3.177 + (0.030 × (누적일장 + 적산온도)), 개화기~수확기까지 소요일수는 (Y) = 20.945 + (0.021 × (누적일장+적산온도))인 것으로 나타났다. 4. 수량은 적기파종에서 가장 높았고 적기파종 이후 늦게 파종할수록 수량이 급격히 감소하여 조생종은 7월 20일, 중만생종은 7월 10일 이전까지는 파종을 해야 급격한 수량감소를 피할 수 있을 것으로 보인다.

• Journal of Animal Science and Technology
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• 제66권5호
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• pp.949-961
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• 2024

The annual forage crop production system, enclosing silage corn (Zea mays L.) and following cool-season annual forage, can enhance forage production efficiency where available land is limited for pasture production. In this forage production system, successful silage corn cultivation has a significant value due to the great yield of highly digestible forage. However, some untimely planting or harvesting of corn due to changing weather often reduces biomass and feeding values. Therefore, a study was conducted to quantify the corn silage biomass reductions by the deviations from optimum planting soil temperature and optimum growing degree day (GDD). The approximations of maximum corn production were estimated based on field trial data conducted between 1978 and 2018 with early, medium, and late-maturity corn groups. Based on weather data, the recorded planting dates and harvest dates were converted into the corresponding trials' soil temperatures at planting (STP) and the GDD. The silage corn biomass data were regressed against STP and GDD using a quadratic function. The maximum biomass point was modeled in a convex upward quadratic yield curve and the optimum STP and GDD were defined as those values at the maximum biomass for each maturity group. Optimized STP was at 16.6℃, 16.2℃, and 15.6℃ for early, medium, and late maturity corn groups, respectively, while optimized GDD at harvest was at 1424, 1363, and 1542℃. The biomass reductions demonstrated quadratic functions by the departures of STP or GDD. The 5% reductions were anticipated when STP departed from the optimum temperature by 2.2℃, 2.4℃, and 1.4℃ for early, medium, and late maturity corns, respectively; the same degree of reductions were estimated when the GDD departed by 200, 180, and 130℃ in the same order of the maturity groups. This result indicates that biomass reductions of late-maturity corn were more sensitive to the departures of STP or GDD than the early-maturity corn. Therefore, early maturing cultivars are more stable in biomass production in a silage corn-winter annual forage crop production system to enhance forage-based livestock production efficiency.

• 한국환경과학회지
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• 제26권11호
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• pp.1247-1253
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• 2017

The Fuji variety of apple, introduced in Japan, has excellent storage quality and good taste, such that it is the most commonly cultivated apple variety in Gunwi County, North Gyeongsang Province, Korean Peninsula. Accurate prediction of harvest maturity allows farmers to more efficiently manage their farm in important aspects such as working time, fruit storage, market shipment, and labor distribution. Temperature is one of the most important factors that determine plant growth, development, and yield. This paper reports on the beta distribution (function) model that can be used to simulate the the phenological response of plants to temperature. The beta function, commonly used as a skewed probability density in statistics, was introduced to estimate apple harvest maturity as a function of temperature in this study. The model parameters were daily maximum temperature, daily optimum temperature, and maximum growth rate. They were estimated from the input data of daily maximum and minimum temperature and apple harvest maturity. The difference in observed and predicted maturity day from 2009 to 2012, with optimal parameters, was from two days earlier to one day later.

• 한국초지조사료학회지
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• 제41권2호
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• pp.84-95
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• 2021

The purpose of this study was to assess the forage productivity and nutritive value of kenaf at different fertilizer application amounts and various stages of maturity. The experiment was conducted from May to September 2020, the amount of 80 kg of kenaf seed/ha was supplied with different types and amounts of nitrogen fertilizer and the plants were harvested at 10-day intervals from different harvesting dates (24^th August and 3^rd, 13^th, 23^rd September). According to the different fertilizer types and application amounts, the highest kenaf height was recorded in the inorganic fertilizer amounts of 200 and 250 kg N/ha and the fresh and DM yield were significantly improved in the inorganic nitrogen amount of 250 kg N/ha. The highest CP and TDN content in the leaf was achieved in the inorganic fertilizer amounts of 150 and 200 kg N/ha, respectively; and the highest TDN content in the stem was also found in the inorganic fertilizer amount of 200 kg N/ha. According to the different harvesting dates, the highest DM ratio was found in the harvesting date of 13th September, the leaf ratio increased with advanced maturity, whereas the stem ratio decreased significantly and the highest DM yield of kenaf was recorded in the harvesting dates of 13^th and 23^rd September. Besides, the highest CP, CF, CA, ADF, NDF and TDN content in the leaf as influenced by different harvesting dates was 15.4, 31.8, 10.2, 22.1, 34.7 and 76.5%, respectively, and the CP, CA, ADF and TDN in stem decreased significantly with advanced maturity of kenaf. In conclusion, the optimal fertilizer amounts and the appropriate harvesting dates for a high forage yield and high-quality kenaf as livestock feed were the inorganic fertilizer application amounts of 200-250 kg N/ha and from 13^th and 23^rd September, respectively.

• 한국작물학회지
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• 제17권
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• pp.79-114
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• 1974

들깨 재배시기 이동에 따른 실용형질의 생태변이를 추구하고 이를 일장 및 온도처리의 결과로 실증하고자 작물시험장에서 포장실험은 1972년 36개 품종월 4월5일부터 6월20일까지 15일간격으로 6회파종하고 폿트 실험은 1972년부터 1973년 까지 2개년에 걸쳐 양년 모두 5월25일에 파종하고 일장처리는 6개 품종을 공시하여 단일구는 자연일장을 이용하고 장일구는 100￦의 자연전등으로 조명하였으며 온도처리는 3개 품종을 공시하여 작물시험장 인공기상실에서 각각 수행하여 조사한 결과를 요약하면 다음과 같다. 1. 개화기는 파종기의 조만에 관계없이 9월6일경이었으며 개화일수는 파종기가 지연됨에 따라 일정하게 단축되었다. 2. 성숙기는 10월6일경이나 파종기가 빠른 것이 성숙도 빨랐으며 결실일수는 26∼30일이었다. 3. 생육일수는 파종기가 늦어짐에 따라 개화일수와 같이 일정하게 단축되었다. 4. 초장은 파종기가 늦어짐에 따라 일정하게 짧아졌다. 5. 분지수는 제 I, II 및 III 파종기의 조기파종에서는 거의 비슷하고 그 이후의 만기파종에서는 거의 비슷하고 파종기가 늦어짐에 따라 줄어들었다. 6. 건물중은 제I 파종기에서 제III 파종기까지 파종기가 지연됨에 따라 완만하게 증가하나 제IV 파종기 이후부터 급격하게 감소하였다. 7. 일장 및 온도처리에 따른 개화반응을 보면 온도의 영향은 극히 미미하고 일장의 영향은 예민하였다. 8. 일장 및 온도처리에 따른 초장 분지수 및 건물중의 변이는 처리시기 및 일수에 따라 일정한 경향이 없었다. 9. 수량은 제III 파종기(5월 5일)에서 가장 많았으며 이보다 조만파 할수록 감소되었다. 10. 1,000립중은 파종기가 늦을수록 다소 무거운 경향이었다. 11. 화방수는 제III파종기(5월5일)에서 많았고 이보다 조만파 할수록 적었다. 12. 유분함량도 제III 파종기(5월5일)에서 가장 높았다. 13. 개화일수, 결실일수, 생육일수 및 개화기간등은 수량에 별로 영향하지 않았다. 14. 분지수, 화방수, 1,000립중 및 건물중 등은 수량과 정의 상관관계를 보였으나 이들 형질이 수량에 관여하는 정도는 파종기에 따라 달랐다.

• 한국작물학회지
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• 제36권2호
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• pp.112-126
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• 1991

The atmospheric carbon dioxide concentration is ever-increasing and expected to reach about 600 ppmv some time during next century. Such an increase of $CO_2$ may cause a warming of the earth's surface of 1.5 to 4.5$^{\circ}C$, resulting in great changes in natural and agricultural ecosystems. The climatic scenario under doubled $CO_2$ projected by general circulation model of Goddard Institute for Space Studies(GISS) was adopted to evaluate the potential impact of climate change on agroclimatic resources, net primary productivity and rice productivity in Korea. The annual mean temperature was expected to rise by 3.5 to 4.$0^{\circ}C$ and the annual precipitation to vary by -5 to 20% as compared to current normal climate (1951 to 1980), resulting in the increase of possible duration of crop growth(days above 15$^{\circ}C$ in daily mean temperature) by 30 to 50 days and of effective accumulated temperature(EAT=∑Ti, Ti$\geq$1$0^{\circ}C$) by 1200 to 150$0^{\circ}C$. day which roughly corresponds to the shift of its isopleth northward by 300 to 400 km and by 600 to 700 m in altitude. The hydrological condition evaluated by radiative dryness index (RDI =Rn/ $\ell$P) is presumed to change slightly. The net primary productivity under the 2$\times$$CO_2$ climate was estimated to decrease by 3 to 4% when calculated without considering the photosynthesis stimulation due to $CO_2$ enrichment. Empirical crop-weather model was constructed for national rice yield prediction. The rice yields predicted by this model under 2 $\times$ $CO_2$ climatic scenario at the technological level of 1987 were lower by 34-43% than those under current normal climate. The parameters of MACROS, a dynamic simulation model from IRRI, were modified to simulate the growth and development of Korean rice cultivars under current and doubled $CO_2$ climatic condition. When simulated starting seedling emergence of May 10, the rice yield of Hwaseongbyeo(medium maturity) under 2 $\times$ $CO_2$ climate in Suwon showed 37% reduction compared to that under current normal climate. The yield reduction was ascribable mainly to the shortening of vegetative and ripening period due to accelerated development by higher temperature. Any simulated yields when shifted emergence date from April 10 to July 10 with Hwaseongbyeo (medium maturity) and Palgeum (late maturity) under 2 $\times$ $CO_2$ climate did not exceed the yield of Hwaseongbyeo simulated at seedling emergence on May 10 under current climate. The imaginary variety, having the same characteristics as those of Hwaseongbyeo except growth duration of 100 days from seedling emergence to heading, showed 4% increase in yield when simulated at seedling emergence on May 25 producing the highest yield. The simulation revealed that grain yields of rice increase to a greater extent under 2$\times$ $CO_2$-doubled condition than under current atmospheric $CO_2$ concentration as the plant type becomes more erect.

• 한국작물학회지
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• 제25권4호
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• pp.1-9
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• 1980

To determine the optimum harvest time of recent rice varieties from Indica/Japonica remote crosses, leading varieties Suweon 264 and Milyang 23 were tested for the changes in dry matter weight and moisture content of grain, shattering, shelling ratio, milling ratio, and apparant physical quality during grain development at 5 day-intervals from 20 days to 55 days after heading. The results are summarized as follows: 1. Grain weight (dry matter) reached its maximum (physiological maturity) at 30 days after flowering (DAF) in Suweon 264, and at 35 days in Milyang 23, and thereafter it did not change significantly until 55 DAF. 2. Time course of decrease in grain moisture content (Y, %) during maturation (X, DAF) consisted of two linear phases, i.e. a fast and a slow period: Y=68.245-1.33X until 34DAF, and Y=23.025-0.470X until 55DAF after 34DAF in Suweon 264; Y=73.62-1.634X until 24.5DAF, and Y=33.59-0.570X until 55DAF after 24.5DAF in Milyang 23. Two varieties showed the same grain moisture content of 28% (wet basis) at physiological maturity in spite of the distinct differences in the heading date, time of physiological maturity and thereby ripening climate. 3. Force to shatter a grain ranged about 90 to 100g in Milyang 23, and about 200 to 250g in Suweon 264 and in a Japonica variety, Jinheung. The force, however, did not change significantly with harvest time from 35DAF to 50DAF. 4. The changes in the ratios of shelling, milling, broken rice and tinted rice with harvest time were insignificant during a period from 35DAF to 55DAF. However, ratios of green rice and white belly rice decreased significantly with delay in harvest time during 10 days after physiological maturity. 5. The best time of harvest for maximum yield and good quality is thought to be 10 days after physiological maturity, and grain moisture content at this time was about 20% on wet basis.