• International Commerce and Information Review
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• v.9 no.2
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• pp.65-86
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• 2007

This paper reviews the properties and application methods of widely used types of risk measures, identifies the rationale and business-side effects of hedging, derives the theoretical formula of optimal hedging ratio, and analyzes the various functional aspects of VaR(Value-at-risk) as a risk measure and a hedging tool. Especially this paper focuses on the characteristics of VaR compared with other risk measures in terms of their own principal determinants and identifies its stronger aspects in the dimension of hedging strategy tools. As well, this paper provides the detailed processes deriving the optimal hedge ratios based on the distributional parameters and risk factors. In addition, this paper presents the detailed and substantial processes of estimating the minimum variance hedge ratio and minimum-VaR hedge ratio using the actual data and shows that the minimum variance hedge ratio proves helpful for many cases although it is not appropriate for the non-linear portfolio including the option contracts. We demonstrate the trade-off relationship between the minimum variance hedge strategy and the minimum-VaR hedge strategy in their hedging costs and performances through calculation of the respective VaRs and variances of unhedged and hedged portfolios and the optimal hedge ratio and hedging effectiveness values for the given long position in US Dollar with the short position in Euro.

• Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
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• 2003.07a
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• pp.370-373
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• 2003

As the integrated circuit device shrinks to the smaller dimension, the chemical mechanical polishing (CMP) process was required for the global planarization of inter-metal dielectric(IMD) layer with free-defect. However, as the IMD layer gets thinner, micro-scratches are becoming as major defects. Chemical-Mechanical Planarization(CMP) of conductors is a key process in Damascene patterning of advanced interconnect structure. The effect of alternative commerical slurries pads, and post-CMP cleaning alternatives are discuess, with removal rate, scratch dentisty, surface roughness, dishing, erosion and particulate density used as performance metrics. Electroplated copper depostion is a mature process from a historical point of view, but a very young process from a CMP persperspective. While copper electrodepostion has been used and stuidied for dacades, its application to Cu damascene wafer processing is only now ganing complete accptance in the semiconductor industry. The polishing mechanism of Cu CMP process has been reported as the repeated process of passive layer formation by oxidizer and abrasion action by slurry abrasives. however it is important to understand the effect of oxidizer on copper pasivation layer in order to obtain higher removal rate and non-uniformity during Cu-CMP process. In this paper, we investigated the effects of oxidizer on Cu-CMP process regarding the additional volume of oxidizer.

• 한국연소학회:학술대회논문집
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• 2006.04a
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• pp.7-12
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• 2006

The propagation rates ($U_{edge}$) of various premixed edge-flames were measured as a function of global strain rate (${ \sigma}$), mixture strength, and Lewis number (Le). Using a counterflow slot-jet burner with electrical heaters at each end, both advancing (positive $U_{edge}$) and retreating (negative $U_{edge}$) edges can be studied as they propagate along the long dimension of the burner. Preliminary results are presented for single and twin premixed hydrocarbon edge-flames in terms of the effects on $U_{edge}$. A low-${\sigma}$ extinction limit has been discovered for all mixtures tested but further analysis is necessary for full characterization since sufficiently $high-{\sigma}$ leads to an apparent stability limit. Propagation rates clearly show a strong dependence on Le. Future work will focus on completing the premixed hydrocarbon edge-flame analysis and include investigations into non-premixed edge-flames and edge-flames composed of fuels such as hydrogen ($H_2$) with significantly lower Le.

• Journal of radiological science and technology
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• v.19 no.1
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• pp.81-87
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• 1996

When high energy photon beam is incident upon an air cavity interface the effect of ionization build-up observed. This phenomenon is resulting from the surface layers of the lesions are significant deficiency of electrons reaching the layers because of the replacement of solid scattering material by the air cavity, that is lack of electronic equilibrium. Measurement have been made in an acrylic phantom with a parallel plate chamber and high energy Photon beams, CO-60, 4MV, 6MV and 10MV X-rays have been investigated. The result of our study show that a significant effect was measured and was determined to be very dependent on field size, air cavity dimension and photon energy. The reductions were much larger for 10MV beam, underdosage at the interface was 12, 12.2, 16.9 and 20.6% for the CO-60, 4 MV, 6MV and 10MV, respectively. It was found that this non-equilibrium effect at the interface is more severe for the higher energy beams than that of lower energy beams and the larger cavity dimensions it is, the larger beam reductions we have. This problem is of clinical concern when lesions such as carcinoma beyond air cavities are irradiated, such as larynx, glottic and the patients with maxillectomy and ethmoidectomy and so forth.

• The Plant Pathology Journal
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• v.19 no.6
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• pp.288-290
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• 2003

Shoot blight of suckers of common lilac plants (Syringa vulgaris) was found in an apartment garden in Daegu, Korea. The causal organism was a species of Phytophthora, which was homothallic with paragynous antheridium. Oogonia were globose and measured 21.5-34.0 $\mu\textrm{m}$ with an average of 29.7$\pm$3.2 $\mu\textrm{m}$ in diameter. Oospores in oogonia were round, light orange brown when mature, mostly plerotic, and measured an average of 25.6$\pm$3 $\mu\textrm{m}$ in diameter. Antheridia were ovoid and around 11.7$\times$7.8 $\mu\textrm{m}$. Sporangia seldom formed on agar media but formed abundantly in water. Sporangia that formed in water were semipapillate, ovoid obpyriform, non-caducous, and 23.4-66.3$\times$17.6-37.1 $\mu\textrm{m}$ in dimension with I/b ratio of 1.46. The causal organism was identified as Phytophthora citricola Sawada on the basis of morphological characteristics. This is the first report of shoot blight caused by P. citricola Sawada in lilac suckers in Korea.

• Applied Microscopy
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• v.46 no.2
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• pp.93-99
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• 2016

The thickness of specimen is an important factor in microscopic researches. Thicker specimen contains more information, but it is difficult to obtain well focused image with precise details due to optical limit of conventional microscope. Recently, a microscope unit that combines improved illumination system, which allows real time three-dimensional (3D) image and automatic z-stack merging software. In this research, we evaluated the usefulness of this unit in observing thick samples; Golgi stained nervous tissue and ground prepared bone, tooth, and non-transparent small sample; zebra fish teeth. Well focused image in thick samples was obtained by processing z-stack images with Panfocal software. A clear feature of neuronal dendrite branching pattern could be taken. 3D features were clearly observed by oblique illumination. Furthermore, 3D array and shape of zebra fish teeth was clearly distinguished. A novel combination of two channel oblique illumination and z-stack imaging process increased depth of field and optimized contrast, which has a potential to be further applied in the field of neuroscience, hard tissue biology, and analysis of small organic structures such as ear ossicles and zebra fish teeth.

• The Korean Journal of Health Service Management
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• v.5 no.3
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• pp.123-132
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• 2011

To evaluate the impact of avoidable mortality on the changes in life expectancy at birth in Korea. Standard life table techniques and the Arriaga method were used to calculate and to decompose life expectancy changes by age, effects and groups of causes of avoidable mortality among two periods(1990-2000 and 2000-2009). A list of causes of avoidable mortality reached by consensus and previously published in Spain was used. Mortality in young adults produced a reduction in life expectancy at birth during the 1990-2000, but there was an important increase in life expectancy at birth during the 2000-2009; in both cases, this was the result of factors amenable to health policy interventions. The highest improvement in life expectancy at birth was due to non-avoidable causes, but avoidable mortality through health service interventions showed improvements in life expectancy at birth in those elderly people than 1 year and in those younger. Making a distinction between several groups of causes of avoidable mortality and using decomposition by causes, ages and effects allowed us to better explain the impact of avoidable mortality on the life expectancy at birth of the whole population and gave a new dimension to this indicator that could be very useful in public health.

• The Bulletin of The Korean Astronomical Society
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• v.36 no.2
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• pp.80.2-80.2
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• 2011

The sudden decrease of galactic cosmic ray (GCR) intensity observed by ground neutron monitor (NM) is called a Forbush decrease (FD) event. The intensity time profile of FD event looks like the geomagnetic storm visualized by geomagnetic storm index Dst. Oh et al. [2008] and Oh and Yi [2009] classified the FD events into two kinds by criteria of the overlapping simultaneity of main phase in universal time (UT). The FD event is defined simultaneous if the main phase parts observed by the stations distributed evenly around the Earth are overlapped in UT and non-simultaneous if ones are overlapped in each station's local time (LT). They suggested the occurrence mechanisms of two kind FD events related to the interplanetary magnetic structures such as the interplanetary shock (IP shock) and magnetic cloud. According to their model, the simultaneity of FD depends on the strength and propagation direction of interactive magnetic structures overtaking the Earth. Now the STEREO mission can visualize the emergence and propagation direction of the coronal mass ejection (CME) in 3-dimension in the heliosphere. Thus, it is possible to test the suggested mechanisms causing two different types of FD events. One simultaneous FD observed on February 17, 2011 may be caused by a CME heading directly toward the Earth observed on February 15, 2011 by the STEREO mission. The simultaneity of FD event is proved to be a useful analysis tool in figuring out the geo-effectiveness of solar events such as interplanetary CMEs and IP shocks.

• Nuclear Engineering and Technology
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• v.41 no.10
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• pp.1347-1360
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• 2009

A multi-dimensional component for the thermal-hydraulic system analysis code, MARS, was developed for a more realistic three-dimensional analysis of nuclear systems. A three-dimensional and two-fluid model for a two-phase flow in Cartesian and cylindrical coordinates was employed. The governing equations and physical constitutive relationships were extended from those of a one-dimensional version. The numerical solution method adopted a semi-implicit and finite-difference method based on a staggered-grid mesh and a donor-cell scheme. The relevant length scale was very coarse compared to commercial computational fluid dynamics tools. Thus a simple Prandtl's mixing length turbulence model was applied to interpret the turbulent induced momentum and energy diffusivity. Non drag interfacial forces were not considered as in the general nuclear system codes. Several conceptual cases with analytic solutions were chosen and analyzed to assess the fundamental terms. RPI air-water and UPTF 7 tests were simulated and compared to the experimental data. The simulation results for the RPI air-water two-phase flow experiment showed good agreement with the measured void fraction. The simulation results for the UPTF downcomer test 7 were compared to the experiment data and the results from other multi-dimensional system codes for the ECC delivery flow.

• Nuclear Engineering and Technology
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• v.32 no.3
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• pp.235-243
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• 2000

A one-dimensional neutronics formulation is established within the framework of the nonlinear analytic nodal method such that it can result in consistent one-dimensional models that produce the same axial information as their corresponding reference three-dimension81 models. Consistency is achieved by conserving axial interface currents as well as the planar reaction rates of the three-dimensional case. For current conservation, flux discontinuity is introduced in the solution of the two-node problem. The degree of discontinuity, named the current conservation factor, is determined such that the surface averaged axial current of the reference three-dimensional case can be retrieved from the two-node calculation involving the radially collapsed group constants and the discontinuity factor. The current conservation factors are derived from the analytic nodal method and various core configurations are analyzed to show that the errors in K-eff and power distributions can be reduced by a order of magnitude by the use of the current conservation factor with no significant computational overhead.