• Journal of the Korean Operations Research and Management Science Society
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• v.29 no.1
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• pp.31-41
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• 2004

This study analyzes the structure of the variations In the domestic bank earnings and examines their dynamic features by estimating the short-run response and the long-run adjustment Process after the changes in financial market variables. A system of the equations for the bank stock price index and KOSPI is formulated to utilize the whole information in the market and simultaneously estimated to identify the relationships between the market variables and the bank earnings. Since the bank stock price is found to be responsive to changes in none of the market variables in the short run, while being relatively responsive to dollar exchange rate and business state, It implies that a good economic conditions and a stable foreign exchange rate should be maintained to Improve the level of the stock price In the long run. In addition, the dynamic structure of the responses of the bank stock price index and KOSPI to the initial changes in the market variable are compared and anlayzed. The response of the bank stock price appears to take much longer in adjusting to the long-run eouilibrium level than that of KOSPI. As a result, the cumulative response of the bank stock price index over time is found much bigger than that of HOSPI.

• Land and Housing Review
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• v.11 no.3
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• pp.33-37
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• 2020

The aim of this paper is to scrutinize the relation between Business Survey Index and Industrial Production Index in construction industry, stated in another way, the relation between CEO's expectations of future business status and real business activity in construction industry. Previous papers on this research area have been examined the relation between released BSI and released IPI. However, this paper focuses 'the relation between released BSI and the long-run component of IPI' and 'the relation between released BSI and the short-run component of IPI'. The first step is to decompose released IPI by unobserved component model. The long-run component of IPI is set up as a random walk process. And short-run component is set up as a stationary AR(1) process. The findings are as follows. First, released BSI Granger causes unidirectionally released IPI. Second, there exists one-way Granger causality from released BSI to long-run component of IPI. Third, Granger causality does not exist between released BSI and 'short-run component of IPI'. BSI increases IPI in the second or third month. These findings of this paper mean that CEO's expectations may influence industrial production in construction industry.

• 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.

• International Commerce and Information Review
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• v.8 no.2
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• pp.299-312
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• 2006

This study examines the relations among wage differentials, trade, and productivity in Korea, using the methodology of Granger causality and vector error correction modelling. Cointegration test results over the 1975-2004 period indicate that all the test variables are cointegrated. Therefore, wage differentials, trade, and productivity are all related in the long run. We found some evidence on long-run relationship, while there is no short-run relationship between three test variables. First, trade and wage differentials have positively and bi-directionally Granger causality in the long-run. Second, productivity Granger causes negatively wage differentials in the long-run. Finally, productivity Granger causes positively trade in the long-run. These results explain partially the current theoretical predictions for wage inequality as well as supports the productivity-led growth hypothesis in the Korean economy.

• Proceedings of the Korea Water Resources Association Conference
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• 2006.05a
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• pp.1919-1924
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• 2006

In this study, the run-up of water waves on slopes of s-berm breakwaters was investigated by performing a series of hydraulic experiments. The run-up height was analyzed in detail by using the effects of wave steepness and surf similarity parameter. In general, the run-up heights were decreased as the height and the width of berm were increased. However, the variation of run-up height was small for change of wave steepness and surf similarity parameter.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.2
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• pp.291-296
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• 2014

Most of the statistical signal analysis processed in the time domain and the frequency domain are based on the assumption that the signal is weakly stationary(wide sense stationary). Therefore, it is necessary to know whether the surface EMG signals processed in the statistical basis satisfy the condition of weak stationarity. The purpose of this study is to analyze the accuracy of the Run-test, modified Run-test, RA(reverse arrangement)-test, and modified RA-test for assessing surface EMG signal stationarity. Six stationary and three non-stationary signals were simulated by using sine wave, AR(autoregressive) modeling, and real surface EMG. The simulated signals were tested for stationarity using nine different methods of Run-test and RA-test. The results showed that the modified Run-test method2 (mRT2) classified exactly the surface EMG signals by stationarity with 100% accuracy. This finding indicates that the mRT2 may be the best way for assessing stationarity in surface EMG signals.

• The Journal of the Acoustical Society of Korea
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• v.10 no.4
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• pp.48-55
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• 1991

In this study, the unbalanced rigid rotor mounted on two pedestals is balanced u. ng the dynamic balancing procedure, and the compensating masses are estimated by the seven run method. Also, the reductions of vibration level are examined, before and after balancing procedures. In the experimental results, it is shown that the vibration amplitudes measured at the two pedestals are proportional to the unbalanced mass. The seven run method which requires measurement of vibration amplitudes only and not vibration phase angle is proved markedly useful in consideration of the dynamic balancing procedure.

• Journal of Korean Society on Water Environment
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• v.18 no.4
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• pp.365-370
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• 2002

This study aims to study the effect of HRT and influent concentration on swine wastewater treatment using UASB(Upflow Anaerobic Sludge Blanket). Sample was separately collected from the piggery farm; urine(liquid part) and solid part to compare their treatment characteristics. Reactors were used two UASB(3.2 L) in this research under constant temperature ($35^{\circ}C$). Their operating conditions were as follows; Run 1(UASB ; HRT 6-days, 1 cycle/d), Run 2(UASB ; HRT 3-days, 1 cycle/d). Biogas was collected and analyzed using GC(HP-6890). By comparing the results of Run 1 and Run 2, the effect of HRT was investigated. The treatment efficiency of Run 1 which had longer HRT was higher than that of Run 2 in both solid and liquid parts of piggery sample. Methane content in collected biogas is more than 80%.

• Proceedings of the KOSOMBE Conference
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• v.1991 no.11
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• pp.57-60
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• 1991

A new approach to texture classification for ultrasound liver diagnosis using run difference matrix was developed. The run difference matrix consists of the gray level difference along with distance. From this run difference matrix, we defined several parameters such as LDE, LDEL, NUF, SMO, SMG, SHP etc. and three vectors namely DOD, DGD and DAD. Each parameter value calculated in fatty cirrhotic, chronic hepatitic and normal liver mage was plotted in two dimensional plane. We compared our results with run length method. There are several advantages of run difference matrix method over the run lengths. 1) It is more sensitive to small difference of gray level distribution. 2) The parameters provide more statistically significant value. Images were classified with the extracted parameters to each diseases using neural networks. In preliminary clinical exprements, this approach showed satisfying results.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.8 no.1
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• pp.44-51
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• 1996

The accurate calculation of run-up heights of long waves along the coastline is important in the view of engineering. In this paper the run-up heights of long waves are estimated by using the cnoidal wave theory which also covers both sinusoidal and solitary waves. However, the generation and the calculation of run-up heights of cnoidal waves are difficult both in laboratory and numerical experiments. In this study, the maximum run-up heights of cnoidal waves on steep slopes are computed by using the boundary integral equation model. It has been shown that the run-up heights of cnoidal waves are less than those of solitary waves, while they are larger than those of sinusoidal waves having the same wavelengths and heights. The variation of run-up heights of cnoidal waves is not a monotonic function of the wavelength. However, the run-up heights of cnoidal waves asymptotically approach that of a solitary wave as the wavelength approaches infinity. The calculated run-up heights agreed reasonably with experimental data.