• Title/Summary/Keyword: Rate Law

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A Study on Article 78 CISG: Interest on Sums in Arrears (CISG 제78조(연체이자(延滯利子) 청구권(請求權))에 대한 고찰(考察))

  • Kim, Tae-Gyeong
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.31
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    • pp.3-25
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    • 2006
  • This study focus on interest for arrears and filling of the gaps left in Article 78 of CISG. In the case of CISG, Article 78 provides for interest any time a payment under a contract is untimely, but does not specify a particular rate of interest or a method to determine such a rate. This issue did not cause any uncertainty under ULIS, the CISG's antecedent, since Article 83 of ULIS provided for 1%p above the official discount rate in the creditor's country. Lacking any CISG general principle as well as any indication by the very same CISG, one can only conclude that the matter must be deferred to the domestic rule of private international law. Actually, resorting to private international law is not only admissible, but expressly required by Article 7(2). In the interpretation and filling of the gaps left in Article 78, there is a considerable difference of opinion especially amongst commentators on whether the gap is a lacuna praeter legem, i.e., one being governed by, but not expressly settled in the CISG, or whether it is an issue falling outside the scope of application of the CISG, i.e. a lacuna intra legem. The protagonists of the former view lay emphasis on the overall objective of the CISG, namely to create a uniform law, whereas the supporters of the latter view refer to the legislative history of Article 78 as the dominant principle in interpreting Article 78. Some authors believe that the issue of determining the rate of interest is not dealt with by CISG and it is, therefore, governed by the applicable domestic law, which is the subsidiary law applicable to the sales contract, since "no special connecting points seem to have developed for the entitlement to interest." In the light of the relevant case law, it seems correct to conclude that the interest rate is not determined by CISG and that courts normally determine it according to their own rules of private international law. While CISG Article 78 expressly does not deal with this issue, PICC Article 7.4.9 and PECL Article 9.508, on the other hand, set forth a precise method for computing interest. Although a method like the one set by PICC may be useful and may encourage uniformity, it still cannot be used under the CISG. The PICC or PECL formula may, however, be a very good starting point in a de jure condendum analysis when a new Article 78 will be drafted, if an interest rate method will ever be embodied in the text of an international convention.

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Sum rate and Energy Efficiency of Massive MIMO Downlink with Channel Aging in Time Varying Ricean Fading Channel

  • Yang, Lihua;Yang, Longxiang;Zhu, Hongbo;Liang, Yan
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.12 no.3
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    • pp.1098-1112
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    • 2018
  • Achievable sum rate and energy efficiency (EE) are investigated for the massive multiple-input multiple-output (Massive MIMO) downlink with channel aging in the time varying Ricean fading channel. Specifically, the expression of the achievable sum rate of the system for the maximum ratio transmission (MRT) precoder with aged channel state information (CSI) in the time varying Ricean fading channel is first presented. Based on the expression, the effect of both channel aging and the Ricean factor on the power scaling law are studied. It is found that the transmit power of base station (BS) is scaled down by $1/{\sqrt{M}}$(where M is the number of the BS antennas) when the Ricean factor K is equal to zero (i.e., time varying Rayleigh fading channel), indicating that aged CSI does not affect the power scaling law. However, the transmit power of the BS is scaled down by 1/M for the time varying Ricean fading channel (where $K{\neq}0$) indicating that the Ricean factor affects the power scaling law and sum rate, and channel aging only leads to a reduction of the sum rate. Second, the EE of the system is analyzed based on the general power consumption model. Both the theoretical analysis and the simulations show that the channel aging could degrade the sum rate and the EE of the system, and it does not affect the power scaling law.

A practical power law creep modeling of alloy 690 SG tube materials

  • Lee, Bong-Sang;Kim, Jong-Min;Kwon, June-Yeop;Choi, Kwon-Jae;Kim, Min-Chul
    • Nuclear Engineering and Technology
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    • v.53 no.9
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    • pp.2953-2959
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    • 2021
  • A new practical modeling of the Norton's power law creep is proposed and implemented to analyze the high temperature behaviors of Alloy 690 SG tube material. In the model, both the stress exponent n and the rate constant B are simply treated as the temperature dependent parameters. Based on the two-step optimization procedure, the temperature function of the rate constant B(T) was determined for the data set of each B value after fixing the stress exponent n value by using the prior optimized function at each temperature. This procedure could significantly reduce the numerical errors when using the power law creep equations. Based on the better description of the steady-state creep rates, the experimental rupture times could also be well predicted by using the Monkman-Grant relationship. Furthermore, the difference in tensile strengths at high temperatures could be very well estimated by assuming the imaginary creep stress related to the given strain rate after correcting the temperature effects on the elastic modulus.

Design of Augmented Guidance Law Considering Geometric Pursuit Angle

  • Kim, You-Dan;Kim, Ki-Seok;Moon, Gwan-Young
    • 제어로봇시스템학회:학술대회논문집
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    • 2001.10a
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    • pp.125.5-125
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    • 2001
  • Until now, many guidance laws have been developed. They mainly used the classical tail-pursuit guidance method based on geometric angle information, the proportional navigation method based on the line of sight(LOS) rate, and the optimal guidance law based on optimal control theorem. In the augmented guidance law, target acceleration information and autopilot characteristics are added the guidance command. In this study, new guidance laws considering geometric angle are proposed. Two guidance laws are developed for the midcourse guidance law, and a guidance law is developed for the terminal guidance respectively. The proposed guidance laws utilize the LOS rate and the geometric angle information simultaneously. In the midcourse guidance, the guidance command is ...

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Comparative Study of the Symbol Rate Detection of Unknown Digital Communication Signals (미상 디지털 통신 신호의 심볼율 검출 방식 비교)

  • Joo, Se-Joon;Hong, Een-Kee
    • Journal of Advanced Navigation Technology
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    • v.7 no.2
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    • pp.141-148
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    • 2003
  • This paper presents and compares several techniques that detect the symbol rate of unknown received signal. Symbol rate is detected from the power spectral density of the circuits such as the delay and multiplier circuit, the square law circuit, and analytic signal, etc. As a result of discrete Fourier transform of the output signals of these circuits, a lot of spectral lines and some peaks appear in frequency domain and the position of first peak is corresponding to the symbol rate. If a spectral line on the frequency that is not located in symbol rate is larger than the first peak, the symbol rate is erroneously detected. Thus, the ratio between the value of first peak and the highest side spectral line is used for the measure of the performance of symbol rate detector. For the MPSK modulation, the analytic signal method shows better performance than the delay and multiplier and square law circuits when the received signal power is lager than -20dB. It is also noted that the delay and multiplier circuit is not able to detect the symbol rate for the QAM modulation.

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Determinants of Vietnam Government Bond Yield Volatility: A GARCH Approach

  • TRINH, Quoc Trung;NGUYEN, Anh Phong;NGUYEN, Hoang Anh;NGO, Phu Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.15-25
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    • 2020
  • This empirical research aims to identify the relationship between fiscal and financial macroeconomic fundamentals and the volatility of government bonds' borrowing cost in an emerging country - Vietnam. The study covers the period from July 2006 to December 2019 and it is based on a sample of 1-year, 3-year, and 5-year government bonds, which represent short-term, medium-term and long-term sovereign bonds in Vietnam, respectively. The Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) model and its derivatives such as EGARCH and TGARCH are applied on monthly dataset to examine and suggest a significant effect of fiscal and financial determinants of bond yield volatility. The findings of this study indicate that the variation of Vietnam government bond yields is in compliance with the theories of term structure of interest rate. The results also show that a proportion of the variation in the yields on Vietnam government bonds is attributed to the interest rate itself in the previous period, base rate, foreign interest rate, return of the stock market, fiscal deficit, public debt, and current account balance. Our results could be helpful in the macroeconomic policy formulation for policy-makers and in the investment practice for investors regarding the prediction of bond yield volatility.

Health Behavior and Attitude of Residents toward the National Health Promotion Law in Kyungsan City (지역주민과 건강행태와 국민건강증진법에 대한 인식과 태도)

  • 이관희;박재용;한창현;윤석옥
    • Korean Journal of Health Education and Promotion
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    • v.16 no.2
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    • pp.19-40
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    • 1999
  • In order to ascertain the attitudes of residents to their health and the National Health Promotion Law, surveyors interviewed 1,220 subjects, 1% of men and women in Kyungsan city, who were twenty-year-old or more. The major findings are as follows: Men and women were 48.2% and 51.8%, respectively. The recognition rate of enacting and enforcing this law is 59.2% of men and 51.3% of women. With regard to the behavioral attitude to the health in the distinction of sex and age, current smokers are 31.2% of the interviewees, 61.6% of the men and 3.3% of the women. Current drinkers are 35.1%, 59.5% of the men and 12.3% of the women, but on the other hand there is little significance in the distinction of age. The acknowledgement proportion of enacting and enforcing this law is 59.2% of male and 51.3% of female. In terms of the recognition rate of the contents according to the general characteristics of interviewees, it appears that the indication of a warning expression on a packing paper of cigarette case and a liquor bottle is 92.4% and also the designation of a smoking free area in public facilities is 94.8%. Prohibition of cigarette-sale to the teenagers who are under 19, is 96.0%. Considering these facts, the recognition rate is high. On the contrary, 48.8% is accounted for encouraging a medical check-up before marriage which is in a low position. As a result of multiple behavior as a independent educational level, marital significant variables. In case of having undergone a periodic medical examination the recognition rate was high whereas frequent exercise led to the low recognition rate. Concerning the details of the undertaking in accordance with each factor of general characteristics, the greater part of them have been appraised successfully whether it is recognized or not. On the other side, no effect got answered about the result of the undertaking subjects to general and peculiar behavior attitude towards health was in effect or not. A great majority approved of more reinforcement of legal regulation about smoking and drinking regardless of whether they perceived the details of the law of promotion of National Health Promotion Law or not. Additionally there was significant difference in reinforcing legal regulation of smoking and drinking in compliance with the attitude of the substance of this law. With regard to education, public relations and evaluation about national health through public health centers by our government, the younger and the higher in education they are, the more deficient they feel. First of all, those who were aware of the enforcement of this law as well as plenty of scarcity answered that better service of disease prevention had to be expanded than ever. In consideration of the above-stated results, the education to public health and the business of public relations should be reinforced and a practical campaign for health life should also spread out for the purpose of encouraging to practise healthy life-style.

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Analysis of Physical Combat Power for Unmanned Combat Aerial Vehicle (무인전투기 물리적 전투력 분석)

  • Min, Seungsik;Oh, Kyungwon
    • Journal of Aerospace System Engineering
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    • v.11 no.6
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    • pp.50-55
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    • 2017
  • The objective of this study was to use the Lanchester equation to predict the outcome of our engagement between our unmanned aerial vehicle (UAV) (Blue Group) and enemy UAV (Red Group). Lanchester's law states that the power of corps is proportional to the number of combatants. A second law states that the power of corps is proportional to the square of the number of combatants. The first law is a suitable law for guerrilla warfare while the second law is known as the law suitable for all-out war. Therefore, the second law is commonly used. The second law of Lanchester's was used in this study to predict engagement results. We estimated the battle loss rate value to win the battle as well as the required power number. We also predicted power number to make the damage of our group less than one. The battle loss rate to reliably receive victory when the enemy's UAV and the ally's UAV are equal in number of combat units must be 1: 1.5 or more.

Proposal of Legislation of Smoke Compartment for Prevention and Control of Smoke Diffusion in Buildings (건축물의 연기확산 방지 및 제어를 위한 방연구획의 법제화 제안)

  • Kwon, Young-Jin;Jin, Seung-Hyeon;Kim, Hye-Won
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.11a
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    • pp.96-97
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    • 2019
  • According to building law, there are only regulations on the fire prevention compartments that can perform the function of partial smoke compartment, but the building law management of the smoke compartment for effective smoke diffusion prevention and control is not possible. The lack of control on the smoke compartment such as leakage rate on the penetrating part, and the lack of leakage rate in the design of smoke control of fire safety law resulted in the absence of fundamental safety technology. Therefore, this study seeks to find solutions to domestic problems after reviewing relevant domestic laws and regulations.

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Studies on Electroless Nickel Plating on Alumina Ceramics(I) on Empirical Deposition Rate in Electroless Nickel Plating (알루미나 세라믹스 표면에 무전해 환원 니켈막의 형성에 관한 연구(I) 무전해 니켈도금의 실험적 석출속도에 관한 연구)

  • Kim, Yong-Dai;Lee, Joon
    • Journal of the Korean institute of surface engineering
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    • v.19 no.3
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    • pp.109-120
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    • 1986
  • The electroless nickel plating on high alumina ceramics was performed in the bath containing nickel chloride, sodium hypophosphite and mono- or bi-carboxylic acid as a complexing agent in order to examine the empirical rate law as well as the effects of the complexing agent, plating temperature and pH on the rate of deposition. Adding the carboxylic acid to the plating bath, the rate of deposition was increased considerably, and each of the complexing agents showed a maximum deposition rate plateau around a particular concentration of the complexing agent. The rate of deposition was increased with increasing either temperature or pH, but microstructure of the surface became more rough. Furthermore, empirical rate law of the elecltroless nickel deposition on high alumina ceramics was discussed with the activation energy and other rate parameters calculated.

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