• Title/Summary/Keyword: One-component system

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Business Cycle Consumption Risk and the Cross-Section of Stock Returns in Korea (경기순환주기 소비위험과 한국 주식 수익률 횡단면)

  • Kang, Hankil
    • 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.

A Case Study of Active Workflow Component Architecture on Constraints Based (제약식 기반의 능동적 워크플로우 컴포넌트 아키텍쳐 사례 연구)

  • Seo, Jang-Hoon;Shim, Sang-Yong;Lee, Kun-Hyuk;Park, Myeong-Kyu
    • Proceedings of the Safety Management and Science Conference
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    • 2006.11a
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    • pp.415-426
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    • 2006
  • Many technical and nontechnical issues hinder enterprise wide workflow management. The most significant technical issue is the inability to deal with the heterogeneity among users, workflow types, and WFMSs. Not all users demand the same workflow functionality, so user interfaces of different levels of sophistication are required. Because workflow types cannot always be fully predefined, they often need to be adjusted or extended during execution. Unlike relational database management systems, however, each WFMS often has differing workflow metamodels. This leads to incompatibility between WFMSs, making integration into an environment comprising many heterogeneous WFMSs a troublesome and sometimes impossible task. Current Workflow system consists mainly of Database system. It contains some problems like that the integration relationship among system processes cant be expressed properly. This research has been focused on two phases that should be considered in the Workflow system. First of all, the first phase is the analysis phase; one of its role is to figure out independent execution task unit(Workflow component). The second phase is design phase that provides with the framework to execute these task units actively. The Workflow component extraction method in the analysis phase uses a analysis method called C-C Net and, in the design phase, the architecture that makes the these Workflow component executed actively is provided. Through this research, each process is divided into a task unit and more effective Workflow system could be formed by executing these units actively. Current system layer calls task units, on the other hand, the Workflow system this research implemented provides with the architecture that places a layer between them that controls task units actively.

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Health Monitoring and Efficient Data Management Method for the Robot Software Components (로봇 소프트웨어 컴포넌트의 실행 모니터링/효율적인 데이터 관리방안)

  • Kim, Jong-Young;Yoon, Hee-Byung
    • Journal of Institute of Control, Robotics and Systems
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    • v.17 no.11
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    • pp.1074-1081
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    • 2011
  • As robotics systems are becoming more complex there is the need to promote component based robot development, where systems can be constructed as the composition and integration of reusable building block. One of the most important challenges facing component based robot development is safeguarding against software component failures and malfunctions. The health monitoring of the robot software is most fundamental factors not only to manage system at runtime but also to analysis information of software component in design phase of the robot application. And also as a lot of monitoring events are occurred during the execution of the robot software components, a simple data treatment and efficient memory management method is required. In this paper, we propose an efficient events monitoring and data management method by modeling robot software component and monitoring factors based on robot software framework. The monitoring factors, such as component execution runtime exception, Input/Output data, execution time, checkpoint-rollback are deduced and the detail monitoring events are defined. Furthermore, we define event record and monitor record pool suitable for robot software components and propose a efficient data management method. To verify the effectiveness and usefulness of the proposed approach, a monitoring module and user interface has been implemented using OPRoS robot software framework. The proposed monitoring module can be used as monitoring tool to analysis the software components in robot design phase and plugged into self-healing system to monitor the system health status at runtime in robot systems.

Dyeing Behavior of Silk/CDP Mixed Filament with a Cationic Dye (캐티온염료를 이용한 Silk/Cationic Dyeable Polyester 혼합사의 염색거동)

  • Choe, Jong-Mun;Gwon, Hae-Yong;Park, Yeong-Hwan
    • Journal of Sericultural and Entomological Science
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    • v.37 no.2
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    • pp.154-160
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    • 1995
  • Dyeing behavior of Silk/Cationic dyeable polyester(CDP) mixed filament was investigated by using a cationic dye. The effect of pH, temperature and additives such as carrier, levelling agent and salt were examined for each silk and CDP component of mixed filament in order to find out the optimum dyeing condition. Based on these results, the dyeing behavior was investigated for Silk/CDP mixed filaments concering various dyeing parameters. The dye adsorption was significantly changed on the dyeing temperature, carrier addition and pH of the dyebath. Specially, the dye migration phynomena were observed for a mixed filament, showing that the dyes initially observed on the surface of silk fiber migrate to the CDP component during a dyeing process. The dyeing of Silk/CDP mixed filaments accompanied by dye migration and as a result, dye adsorption can be developed only for a CDP component. Therefore, the control of dyeing temperature is most important for a Silk/CDP mixed filament, in order that both silk and CDP component are able to be dyed by a cationic dye simultaneously in one bath/one dye system.

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Redesign a Component of Automotive Propeller Shaft to Improve Productivity (자동차 추진축 부품의 생산성향상을 위한 설계개선)

  • Jung, Won
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.1
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    • pp.157-163
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    • 2009
  • In every aspect of automotive production, quality, productivity and cost are crucial matters. The purpose of this research is to improve the productivity of slip yoke for automotive propeller shaft. This paper presents how to redesign the component that currently manufactured as forged one body type. Attention was focused on not only reducing processing time but insuring durability of the component simultaneously. In Automotive, propeller shaft is the device for transferring power from engine to axle via transmission, and the slip yoke is one of the main parts in the product. Propeller shafts are subject to torsion and shear stress, they thus need to be strong enough to bear the stress.

Effect of the Application of the CBD Output Management Technique for the Development of Operation Software for a Space Observation System

  • Seo, Yoon Kyung;Rew, Dong Young;Kirchner, Georg;Nah, Jakyoung;Jang, Bi-Ho;Heo, Jiwoong;Youn, Cheong
    • Journal of Astronomy and Space Sciences
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    • v.31 no.3
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    • pp.265-276
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    • 2014
  • The application of software engineering is not common in the development of astronomical observation system. While there were component-wise developments in the past, large-scale comprehensive system developments are more common in these days. In this study, current methodologies of development are reviewed to select a proper one for the development of astronomical observation system and the result of the application is presented. As the subject of this study, a project of operation software development for an astronomical observation system which runs on the ground is selected. And the output management technique based on Component Based Development which is one of the relatively recent methodologies has been applied. Since the nature of the system requires lots of arithmetic algorithms and it has great impact on the overall performance of the entire system, a prototype model is developed to verify major functions and performance. Consequently, it was possible to verify the compliance with the product requirements through the requirement tracing table and also it was possible to keep to the schedule. Besides, it was suggested that a few improvements could be possible based on the experience of the application of conventional output management technique. This study is the first application of the software development methodology in the domestic astronomical observation system area. The process and results of this study would contribute to the investigation for a more appropriate methodology in the area of similar system development.

Fixed bed column modeling of lead(II) and cadmium(II) ions biosorption on sugarcane bagasse

  • Vera, Luisa Mayra;Bermejo, Daniel;Uguna, Maria Fernanda;Garcia, Nancy;Flores, Marittza;Gonzalez, Enrique
    • Environmental Engineering Research
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    • v.24 no.1
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    • pp.31-37
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    • 2019
  • In this paper the results of the biosorption of lead(II) and cadmium(II) with sugarcane bagasse in fixed bed columns are presented. Experimental data were fitted to several models describing the rupture curve for single-component and two-component systems. The percentages of removal of lead and cadmium in single-component systems are 91% and 90%, respectively. In lead-cadmium bicomponent systems the percentage of elimination of lead was 90% and cadmium 92%. In single-component systems, Yoon-Nelson and Thomas models successfully reproduce the rupture curves. In two-component system, the Dose-Response model was the best one reproducing the experimental rupture curves in the entire measured range.

Network Pharmacology: Prediction of Astragalus Membranaceus' and Cornus Officinalis' Active Ingredients and Potential Targets to Diabetic Nephropathy (네트워크 약리학을 통한 당뇨병성 신병증에서의 황기와 산수유의 활성 성분 및 잠재 타겟 예측)

  • Lee, Keun-Hyeun;Rhee, Harin;Jeong, Han-Sol;Shin, Sang Woo
    • Journal of Physiology & Pathology in Korean Medicine
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    • v.31 no.6
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    • pp.313-327
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    • 2017
  • The purpose of this study is to predict the effects of macroscopic and integrative therapies by finding active ingredients, potential targets of Astragalus membranaceus (Am) and Cornus officinalis (Co) for diabetic nephropathy. We have constructed network pharmacology-based systematic and network methodology by system biology, chemical structure, chemogenomics. We found several active ingredients of Astragalus membranaceus (Am) and Cornus officinalis (Co) that were speculated to bind to specific receptors which had been known to have a role in the progression of diabetic nephropathy. Four components of Am and eleven components of Co could bind to iNOS; two ingredients of Am and six ingredients of Co could docking to cGB-PDE; one component of Am and nine components of Co could bind to ACE; three ingredients of Co with neprilysin; three components of Co with ET-1 receptor; four ingredients of Am and fourteen ingredients of Co with mineralocorticoid receptor; one component of Am and seven components of Co with interstitial collagenase; one ingredient of Am and ten ingredients of Co with membrane primary amine oxidase; one component of Am and four components of Co with JAK2; two ingredients of Am and one ingredient of Co with MAPK 12; one component of Am and five components of Co could docking to TGF-beta receptor type-1. From this work we could speculate that the possible mechanisms of Am and Co for diabetic nephropathy are anti-inflammatory, antioxidant and antihypertensive effects.

(A Study on Optimization for Connected-(r,s)-out-of-(m,n):F System ) ((m,n)중 연속(r,s):F시스템의 최적화 연구)

  • Lee, Sang-Heon;Gang, Yeong-Tae
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2006.11a
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    • pp.618-629
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    • 2006
  • This Paper is about optimizing preventive maintenance period of connected (r,s) out of(m,n) : F lattice system that one of multi-component system, (m,n) matrix failure of whole system is occurrence when parts that belong in (r,s) matrix part procession of parts arranged with procession are breakdown all. The preventive maintenance about system is very important viewing from system reliability and operational expense viewpoint. Preventive maintenance that misses a time calls big loss by system failure and expense of frequent full equipment is paid excessively in preventive maintenance itself but expense is paid much in preventive maintenance itself and whole expense escalation can be achieved preferably. Through this research, reliability model is constructed that do expense by smallest under full equipment policy chosen through comparison of each full equipment policy and preventive maintenance expense full equipment cycle and r ,s value are made using simulated annealing algorithm and simulated annealing algorithm that converge fast in multi-component system certified most suitable to optimization decision

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System reliability estimation in multicomponent exponential stress-strength models

  • Pandit, Parameshwar V.;Kantu, Kala J.
    • International Journal of Reliability and Applications
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    • v.14 no.2
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    • pp.97-105
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    • 2013
  • A stress-strength model is formulated for a multi-component system consisting of k identical components. The k components of the system with random strengths ($X_1$, $X_2$, ${\ldots}$, $X_k$) are subjected to one of the r random stresses ($X_{k+1}$, $X_{k+2}$, ${\ldots}$, $X_{k+r}$). The estimation of system reliability based on maximum likelihood estimates (MLEs) and Bayes estimators in k component system are obtained when the system is either parallel or series with the assumption that strengths and stresses follow exponential distribution. A simulation study is conducted to compare MLE and Bayes estimator through the mean squared errors of the estimators.

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