• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.8
• /
• pp.41-49
• /
• 2020

This study investigates the short-run and long-run causal behavior of the Philippine stock market index volatility under vector error correction environment. The variables were tested first for stationarity and then long-run equilibrium relationship. Moreover, an impulse response function was estimated to examine the extent of innovations in the independent variables in explaining the Philippine stock market index volatility. The results reveal that the volatility of the Philippine stock market index exhibit long-run equilibrium relationship with Peso-Dollar exchange rate, London Interbank Offered Rate, and crude oil prices. The short-run dynamics-based VECM estimates indicate that in the short-run, increases (i.e., depreciation) in Peso-Dollar exchange rate cause PSEI volatility to increase. As for the London Interbank Offered Rate, it causes increases in PSEI volatility in the short-run. The adjustment coefficients used with the long-run dynamics validates the presence of unidirectional causal long-run relationship from Peso-Dollar exchange rate, London Interbank Offered Rate, and crude oil prices to PSEI volatility, and bidirectional causal long-run relationship between PSEI volatility and London Interbank Offered Rate. The impulse response functions developed within the VECM framework demonstrate the positive and negative reactions of PSEI volatility to unanticipated Peso-Dollar exchange rate, London Interbank Offered Rate, and crude oil price shocks.

• The Transactions of the Korean Institute of Electrical Engineers P
• /
• v.66 no.3
• /
• pp.110-116
• /
• 2017

System to automate the trial-run of energy storage system for frequency regulation was developed and demonstrated. Basic strategy was developed on the basis of trial-run procedure and verified in the computer simulation tool. The algorithm was developed and coded for 4MW trial-run automation system. 4MW trial-run automation system was connected to 4MW energy storage system for frequency regulation in Jocheon substation of Jeju city and demonstrated. 24MW trial-run automation system was developed on the basis of 4MW trial-run automation system and verified by operation system for 24MW energy storage system for frequency regulation. The operation system has own simulation model of energy storage system and power system. The verification was performed to improve the system in the view of user. 24MW trial-run automation system was demonstrated in 32MW Ul-san and 36MW Non-gong energy storage system. All tests of trial-run was done by manual and first they ware taken 1 week with no trial-run automation system. The manual trial-run tests were taken by maximum three times. Trial-run test by trial-run automation system was taken 2 days. The system helps reduce the trial-run test period and improve the accuracy of tests.

• Journal of the Korean Institute of Telematics and Electronics
• /
• v.21 no.6
• /
• pp.115-117
• /
• 1984

A method of calculating the maximum entropy per run in binary run-length coding is given when run-length is limited to a maximum of M. And Huang's bounds can be obtained from the present result as M tends to infinity.

• Journal of Korean Society for Quality Management
• /
• v.38 no.2
• /
• pp.190-201
• /
• 2010

This research proposes a method for designing VSI (Variable Sampling Interval) control charts with supplementary run rules. The basic idea is to apply various run rules and the VSI scheme to a control chart in order to increase the sensitivity. The sampling process of the VSI run rules chart is constructed by Markov chain approach. A procedure for designing the VSI run rules chart is proposed based on Lorenzen and Vance's model. Sensitivity study shows that the VSI run rules charts outperform the FSI (Fixed Sampling Interval) run rules charts for wide range of process mean shifts. A major advantage of the VSI run rules chart over other charts such as CUSUM, EWMA, and adaptive charts is it's simplicity in implementation. Some useful guidelines are proposed based on the sensitivity study.

• Journal of Korean Society of Environmental Engineers
• /
• v.34 no.7
• /
• pp.467-472
• /
• 2012

The aim of this study was to investigate the efficiency of optical panel (OP) on the growth rate of Chlorella vulgaris (C. vulgaris). The size of C. vulgaris (FC-16) was 3~$8{\mu}m$, having round in shape. The cells of C. vulgaris was cultured in the Jaworski's Medium with deionized water at $22^{\circ}C$ for 15 days. For this experiment, three light samples were prepared to evaluate the efficiency of OP on the growth rate of C. vulgaris; OP with LED (Light Emitting Diode) (Run 1), Fluorescent light (Run 2) and LED (Run 3). The specific growth rate of C. vulgaris for Run 1 was found to be 14 times and 5 times faster than Run 2 and Run 3, respectively. In addition, the average biomass of C. vulgaris for Run 1 was measured 11.79 g/L in 11 days. This means that the biomass for Run 1 was reached 30 times and 6.5 times higher than Run 2 and Run 3, respectively. This may be due to the fact the OP was increased the light uniformity and hindered the shading effects in photobioreactor. Therefore, the growth rate of biomass in photobioreactor with OP is compared better than the without OP used other photobioreactor.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.6
• /
• pp.185-195
• /
• 2020

The study investigates the impact of globalization on coal consumption in Vietnam. This study employs an autoregressed distributed lag approach on time series data for the period of 1990 to 2017. The study tests the stationary, cointegration of time series data and utilizes autoregressed distributed lag modeling technique to determine the short-run and long-run relationship among coal consumption, globalization, income, population, and CO₂ emissions. The results show that globalization increases coal consumption in Vietnam in the long run. The results also show that rapid economic growth promotes more coal consumption in the short run as well as in the long run. Moreover, higher population reduces coal consumption, and CO₂ emissions decrease coal consumption both in the short run and the long run. The findings of the study suggest that globalization increases coal consumption in Vietnam in the long run. This result suggests that the increase in globalization level in Vietnam increases coal consumption. An interesting finding is that higher population reduces coal consumption, and population is an important factor towards the lessening in coal consumption. The findings confirm that environmental pollution decreases coal consumption in the short run and the long run. This implies that coal consumption may be green consumption in Vietnam.

• Ocean Systems Engineering
• /
• v.4 no.3
• /
• pp.201-213
• /
• 2014

Wave run-up is an important issue in offshore engineering, which is tightly related to the loads on the marine structures. In this study, a series of physical experiments have been performed to investigate the wave run-up around a vertical cylinder in transitional water depth. The wave run-ups of regular waves, irregular waves and focused waves have been presented and the characteristics in frequency domain have been investigated with the FFT and wavelet transform methods. This study focuses on the nonlinear features of the wave run-up and the interaction between the wave run-up and the cylinder. The results show that the nonlinear interaction between the waves and the structures might result wave run-up components of higher frequencies. The wave run-ups of the moderate irregular waves exhibit 2nd order nonlinear characteristics. For the focused waves, the incident waves are of strong nonlinearity and the wavelet coherence analysis reveals that the wave run-up at focal moment contains combined contributions from almost all the frequency components of the focused wave sequence and the contributions of frequency components up to 4th order harmonic levels are recommended to be included.

• Journal of Ocean Engineering and Technology
• /
• v.34 no.4
• /
• pp.245-252
• /
• 2020

Wave run-up is an important phenomenon that should be considered in ocean structure design. In this study, the wave run-up of a surface-piercing circular cylinder was calculated in the time domain using the three-dimensional linear and fully nonlinear numerical wave tank (NWT) techniques. The NWT was based on the boundary element method and the mixed Eulerian and Lagrangian method. Stokes second-order waves were applied to evaluate the effect of the nonlinear waves on wave run-up, and an artificial damping zone was adopted to reduce the amount of reflected and re-reflected waves from the sidewall of the NWT. Parametric studies were conducted to determine the effect of wavelength, wave steepness, and the draft of the cylinder on the wave run-up of the cylinder. The maximum wave run-up value occurred at 0°, which was in front of the cylinder, and the minimum value occurred near the circumferential angle of 135°. As the diffraction parameter increased, the wave run-up increased up to 1.7 times the wave height. Furthermore, the wave run-up was 4% higher than the linear wave when the wave steepness was 1/35. In particular, the crest height of the wave run-up increased by 8%.

• Journal of Korean Society of Forest Science
• /
• v.98 no.2
• /
• pp.148-155
• /
• 2009

The objective of this study is to know market structures of softwood logs being imported to South Korea from log producing countries. Import demand of softwood logs imported to South Korea from America, New Zealand and Chile is fixed as a function of log prices, the lagged dependent variable and output. On the basis of the adaptive expectations model, linear regression models that the explanatory variables included and the lagged dependent variable were estimated by Seemingly Unrelated Regression Equations (SURE). The short-run and long-run own price elasticity of America's softwood log import demand is -1.738 and -4.250 respectively. Then long-run elasticity is much higher than short-run elasticity. Short-run and long-run crosselasticity of New Zealand's softwood log import demand with respect to American's softwood log import price are inelastic at 0.505 and 0.883 respectively. Short-run and long-run cross-elasticity of Chile's softwood log import demands with respect to American's softwood log import prices were highly elastic at 2.442 and 4.462 respectively. Long-run elasticity was almost twice as high as short-run elasticity.

• Water for future
• /
• v.19 no.4
• /
• pp.329-338
• /
• 1986

the purpose of this study is to estimate the storage deficit by Run's Characteristics of (-)Run-length and (-)Run-sum. Runoff data are obtained from the guaging stations of Y대-Ju in Hanriver Basin, Wae-Gwan in Nak Dong River Basin and Gyo Am in Geum River Basin. In order to estimate the storage deficit, runhydrographs are established with each return period of 10, 30, ......, 200 years and regression equation is derived from relationship between (-) run-length and storage deficit. From the comparison of estimated reservoir storage with observed values., it was proved that this suggested method can be used for the estimation of the storage deficit.