• Communications for Statistical Applications and Methods
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• v.21 no.6
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• pp.501-512
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• 2014

Stylized facts on asset return are fat-tail, asymmetry, volatility clustering and structure changes. This paper simultaneously captures these characteristics by introducing a multi-regime models: Finite mixture distribution and regime switching GARCH model. Analyzing the daily KOSPI return from $4^{th}$ January 2000 to $30^{th}$ June 2014, we find that a two-component mixture of t distribution is a good candidate to describe the shape of the KOSPI return from unconditional and conditional perspectives. Empirical results suggest that the equality assumption on the shape parameter of t distribution yields better discrimination of heterogeneity component in return data. We report the strong regime-dependent characteristics in volatility dynamics with high persistence and asymmetry by employing a regime switching GJR-GARCH model with t innovation model. Compared to two sub-samples, Pre-Crisis (January 2003 ~ December 2007) and Post-Crisis (January 2010 ~ June 2014), we find that the degree of persistence in the Pre-Crisis is higher than in the Post-Crisis along with a strong asymmetry in the low-volatility (high-volatility) regime during the Pre-Crisis (Post-Crisis).

• 한국신재생에너지학회:학술대회논문집
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• 2008.10a
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• pp.145-148
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• 2008

Fuel flexibility of CFBC boiler was examined. Combustion characteristics of low grade coal, coal sludge, coal RDF mixture and RDF were compared. The operation result of a commercial 130TPH CFBC co-generation boiler burning a low grade Chinese coal were analysed. Burning characteristics of coal/RDF mixture and coal and industrial sludge mixture were studied in a 0.1MWth scale CFBC test rig. Also RDF fuel were tested in a 8TPH CFBC test facility. Though fuel characteristics were different, the combustion modes were all very stable. The temperature were maintained in between $800-950^{\circ}C$.

• Transactions of the Korean Society of Automotive Engineers
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• v.23 no.2
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• pp.214-220
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• 2015

Since resources of fossil fuels are limited, development of alternative energies is emphasized and research on new-regenerative energy is actively in progress worldwide. In present research, physical and chemical characteristics of mixed fuel are analyzed in detail for the different mixture rate of conventional and bio-diesel and ultrasonic irradiation time. Experimental setup consists of ultrasonic generator, vibrator, horn, and reflector. Various physical and chemical characteristics of fuel are investigated for volumetric mixture rate of bio-diesel from 0 to 100%. As results, viscosity and surface tension is increased as mixture rate of bio-diesel is increased. Also, molecular splits and reunions are increased and decreased repeatedly after some period of time as ultrasonic energy irradiation time is increased. As conclusion of experiments, Olefin rate, Branch index, and Aromatic rate are influenced by ultrasonic irradiation time.

• Proceedings of the SAREK Conference
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• 2008.06a
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• pp.271-276
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• 2008

The oil trap in oil separator is one of the most important characteristics for normal operation of compressor. In this study, oil separation characteristics has been investigated for $CO_2$/PAG mixture using a gravity type of oil separator. The experimental study has been carried out in the range of oil concentration 0 to 5 weight-percent and the mixture temperature range of $0^{\circ}C$ to $15^{\circ}C$. The results obtained indicate that oil separation ratio in oil separator is increased with an increase in the oil concentration and mixture temperature.

• Journal of the Korean Society of Combustion
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• v.16 no.2
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• pp.9-15
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• 2011

Homogeneous charge compression ignition(HCCI) is the best concept able to provide low NOx and PM in diesel engine emissions. This new alternative combustion process is mainly controlled by chemical kinetics in comparison with the conventional combustion in internal combustion engine. In this paper, combustion characteristics of HCCI engine with suggested diesel surrogate(heptane/toluene mixture fuel) reaction mechanism were numerically investigated by heptane/toluene mixture ratio and EGR ratio. As results, the ignition timing became faster with increasing of heptane, and an initial oxidation and the ignition timing of the mixture fuel were affected by heptane and toluene, respectively.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.26 no.2
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• pp.318-327
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• 2002

In this paper, heat transfer and pressure oscillation characteristics on oscillating capillary tube heat pipe(OCHP) according to input heat flux, mixture ratio of working fluid and inclination angle were investigated and were compared single working fluid(R-142b) with binary mixture working fluid(R-142b-Ethano1). OCHP was made to serpentine structure of loop type with 10 turns by drilling the channels of length 220mm, width 1.5mm, and depth 1.5mm on the surface of brass plate. In this study, R-l42b and R-l42b-Ethanol were used as working fluids, the charging ratio of working fluids was 40(vol.%), the input heat flux to evaporating section was changed from 0.3W/㎠ to 1.8W/㎠, and mixture ratio of working fluid was R(100%), R(95%)-E(5%), R(90%)-E(10%), and R(85%)-E(15%). From the experimental results, it was found that the effective thermal conductivity of single working fluid was better than that of binary mixture working fluid. But, in case of binary mixture working fluid, critical heat flux was higher than that of single working fluid. And, the higher the mixture ratios of working fluid, the lower heat transfer performance. In case of pressure oscillation, as the inclination angle was lower, pressure wave was more irregular. These phenomena were more serious when the working fluid was binary mixture. Besides, when mixture ratio was higher, saturated pressure was increased, more irregular wave was observed and the mean amplitude was increased. For the same input heat flux, inclination angle and charging ratio, when pressure oscillation has sinusoidal wave, mean amplitude was small, and saturated pressure was low value, the heat transfer was excellent.

• Transactions of the Korean Society of Automotive Engineers
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• v.3 no.1
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• pp.65-75
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• 1995

The present study was investigated combustion characteristics of methane-air mixtures at stratified charge in a constant volume combustion chamber. The results indicated that even the vety lean mixture, which is normally not flammable in single chamber type, could be burned within. a comparatively short time by using sub-chamber with stratified charge method. And the lean inflammability limit of mixture in a main chamber was about ($\phi_m$cr=O.46, when the equivalence ratio of a sub-chamber was $\phi_s$= 1.0. Initial time of pressure increase and total burning times were decreased and maximum combustion pressure. was increased as the equivalence ratio of both sub and main chamber approached unity. Specifically, initial time of pressure increase and total burning times were greatly affected rather by. the equivalence ratio of sub-chamber than that of main chamber. The maximum combustion pressure was little affected if the total equivalence ratio lies in the same range.

• Journal of ILASS-Korea
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• v.16 no.1
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• pp.44-50
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• 2011

An object of this study is to understand the correlation of injection characteristics and injector dimensions according to biodiesel mixture. The Injection characteristics of different types of common-rail injectors are the number of nozzle holes (5~8), jet cone angle ($146^{\circ}{\sim}153^{\circ}$), hydraulic flow rate (830~900 ml/min) injection quantity and response time. Prior to characteristic experiment, the reference injector has been selected in 6 candidates injectors under the investigation of injected quantity according to the biodiesel mixture so that injector type can be determined. The injector is used for the characteristic experiment which varied the various operating conditions including pressure 23 MPa, 80 MPa, 160 MPa, changing in injection duration 0.16 ms~1.2 ms and even mixture ratio. The result shows that the nozzle hole number and cone angle influence the injection quantity much more than nozzle hole diameter at low injection pressure and the nozzle hole diameter at high injection pressure, post injection duration.

• Journal of the Korean Institute of Gas
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• v.15 no.3
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• pp.39-46
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• 2011

This study investigates the effects of the DME and n-Butane mixture and of the stratification on combustion characteristics of HCCI engine by chemical reaction calculation. First, the existing DME reaction scheme and n-Butane is combined to make new chemical reaction model, then validating the effectiveness of new scheme. Furthermore, this study verify the HCCI combustion characteristics according to the changes of DME and n-Butane mixture ratio, which shows different auto ignition characteristics. Finally, it confirms the effects of stratification of mixture fuel on the reduction of pressure rise rate.

• Proceedings of the SAREK Conference
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• 2008.11a
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• pp.131-136
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• 2008

The oil separation in an oil separator is one of the most important characteristics for proper compressor operation. In this study, a gravity type of oil separator is used. Oil separation characteristics has been investigated for $CO_2$/PAG mixture in the range of oil concentration 0 to 5 weight-percent and the mixture temperature range of $5^{\circ}C$ to $15^{\circ}C$ and $70^{\circ}C$ to $90^{\circ}C$. The results obtained indicate that the oil separation is increased with an increase in the oil concentration. It is also found that the oil separation in liquid state is increased with an increase in the mixture temperature while the oil separation in gas state is decreased.