• Title/Summary/Keyword: Opening and closing condition

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Stock-Index Invest Model Using News Big Data Opinion Mining (뉴스와 주가 : 빅데이터 감성분석을 통한 지능형 투자의사결정모형)

  • Kim, Yoo-Sin;Kim, Nam-Gyu;Jeong, Seung-Ryul
    • Journal of Intelligence and Information Systems
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    • v.18 no.2
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    • pp.143-156
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    • 2012
  • People easily believe that news and stock index are closely related. They think that securing news before anyone else can help them forecast the stock prices and enjoy great profit, or perhaps capture the investment opportunity. However, it is no easy feat to determine to what extent the two are related, come up with the investment decision based on news, or find out such investment information is valid. If the significance of news and its impact on the stock market are analyzed, it will be possible to extract the information that can assist the investment decisions. The reality however is that the world is inundated with a massive wave of news in real time. And news is not patterned text. This study suggests the stock-index invest model based on "News Big Data" opinion mining that systematically collects, categorizes and analyzes the news and creates investment information. To verify the validity of the model, the relationship between the result of news opinion mining and stock-index was empirically analyzed by using statistics. Steps in the mining that converts news into information for investment decision making, are as follows. First, it is indexing information of news after getting a supply of news from news provider that collects news on real-time basis. Not only contents of news but also various information such as media, time, and news type and so on are collected and classified, and then are reworked as variable from which investment decision making can be inferred. Next step is to derive word that can judge polarity by separating text of news contents into morpheme, and to tag positive/negative polarity of each word by comparing this with sentimental dictionary. Third, positive/negative polarity of news is judged by using indexed classification information and scoring rule, and then final investment decision making information is derived according to daily scoring criteria. For this study, KOSPI index and its fluctuation range has been collected for 63 days that stock market was open during 3 months from July 2011 to September in Korea Exchange, and news data was collected by parsing 766 articles of economic news media M company on web page among article carried on stock information>news>main news of portal site Naver.com. In change of the price index of stocks during 3 months, it rose on 33 days and fell on 30 days, and news contents included 197 news articles before opening of stock market, 385 news articles during the session, 184 news articles after closing of market. Results of mining of collected news contents and of comparison with stock price showed that positive/negative opinion of news contents had significant relation with stock price, and change of the price index of stocks could be better explained in case of applying news opinion by deriving in positive/negative ratio instead of judging between simplified positive and negative opinion. And in order to check whether news had an effect on fluctuation of stock price, or at least went ahead of fluctuation of stock price, in the results that change of stock price was compared only with news happening before opening of stock market, it was verified to be statistically significant as well. In addition, because news contained various type and information such as social, economic, and overseas news, and corporate earnings, the present condition of type of industry, market outlook, the present condition of market and so on, it was expected that influence on stock market or significance of the relation would be different according to the type of news, and therefore each type of news was compared with fluctuation of stock price, and the results showed that market condition, outlook, and overseas news was the most useful to explain fluctuation of news. On the contrary, news about individual company was not statistically significant, but opinion mining value showed tendency opposite to stock price, and the reason can be thought to be the appearance of promotional and planned news for preventing stock price from falling. Finally, multiple regression analysis and logistic regression analysis was carried out in order to derive function of investment decision making on the basis of relation between positive/negative opinion of news and stock price, and the results showed that regression equation using variable of market conditions, outlook, and overseas news before opening of stock market was statistically significant, and classification accuracy of logistic regression accuracy results was shown to be 70.0% in rise of stock price, 78.8% in fall of stock price, and 74.6% on average. This study first analyzed relation between news and stock price through analyzing and quantifying sensitivity of atypical news contents by using opinion mining among big data analysis techniques, and furthermore, proposed and verified smart investment decision making model that could systematically carry out opinion mining and derive and support investment information. This shows that news can be used as variable to predict the price index of stocks for investment, and it is expected the model can be used as real investment support system if it is implemented as system and verified in the future.

Thermal-hydraulic behaviors of a wet scrubber filtered containment venting system in 1000 MWe PWR with two venting strategies for long-term operation

  • Dong, Shichang;Zhou, Xiafeng;Yang, Jun
    • Nuclear Engineering and Technology
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    • v.52 no.7
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    • pp.1396-1408
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    • 2020
  • Filtered containment venting system (FCVS) is one of the severe accident mitigation systems designed to release containment pressurization to maintain its integrity. The thermal-hydraulic behaviors in FCVSs are important since they affect the operation characteristics of the FCVS. In this study, a representative FCVS was modeled by RELAP5/Mod3.3 code, and the Station BlackOut (SBO) was chosen as an accident scenario. The thermal-hydraulic behaviors of an FCVS during long-term operation with two venting strategies (open-and-close strategy, open-and-non-close strategy) and the sensitivity analysis of important parameters were investigated. The results show that the FCVS can operate up to 250 h with a periodic open-and-close strategy during an SBO. Under the combined effects of steam condensation and water evaporation, the solution inventory in the FCVS increases during the venting phase and decreases during the intermission phase, showing a periodic pattern. Under this condition, the appropriate initial water level is 3-4 m; however, it should be adjusted according to the environment temperature. The FCVS can accommodate a decay heat power of 150-260 kW and may need to feed water for a higher decay heat power or drain water for a lower decay heat power during the late phase. The FCVS can function within an opening pressure range from 450 kPa to 500 kPa and a closing pressure range between 250 kPa and 350 kPa. When the open-and-non-close strategy is adopted, the solution inventory increases quickly in the early venting phase due to steam condensation and then decreases gradually due to the evaporation of water; drying-up may occur in the late venting phase. Decreasing the venting pipe diameter and increasing the initial water level can mitigate the evaporation of the scrubbing solution. These results are expected to provide useful references for the design and engineering application of FCVSs.

The Effect of Rain Fall Event on $CO_2$ Emission in Pinus koraiensis Plantation in Mt. Taehwa (강우 이벤트가 태화산 잣나무 식재림의 각 발생원별 $CO_2$ 발생량에 미치는 영향)

  • Suh, Sanguk;Park, Sungae;Shim, Kyuyoung;Yang, Byeonggug;Choi, Eunjung;Lee, Jaeseok;Kim, Taekyu
    • Korean Journal of Environmental Biology
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    • v.32 no.4
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    • pp.389-394
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    • 2014
  • This study was conducted to find out the soil $CO_2$ emission characteristic due to rain fall pattern and intensity changes. Using Automatic Opening and Closing Chambers (AOCCs), we have measured annual soil respiration changes in Pinus koraiensis plantation at Seoul National University experimental forest in Mt. Taehwa. In addition, we have monitored heterotrophic respiration at trenching sites ($4{\times}6m$). Based on the one year data of soil respiration and heterotrophic respiration, we observed that 24% of soil respiration was derived from root respiration. During the rainy season (end of July to September), soil respiration at trenching site and trenching with rainfall interception site were measure during portable soil respiration analyzer (GMP343, Vaisala, Helsinki, Finland). Surprisingly, even after days of continuous heavy rain, soil water content did not exceed 20%. Based on this observation, we suggest that the maximum water holding capacity is about 20%, and relatively lower soil water contents during the dry season affect the vital degree of trees and soil microbe. As for soil respiration under different rain intensity, it was increased about 14.4% under 10 mm precipitation. But the high-intensity rain condition, such as more than 10 mm precipitation, caused the decrease of soil respiration up to 25.5%. Taken together, this study suggests that the pattern of soil respiration can be regulated by not only soil temperature but also due to the rain fall intensity.