• KDI Journal of Economic Policy
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• v.26 no.2
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• pp.281-314
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• 2004

This paper theoretically formulated and empirically explored the relationship between exchange rate pass-through (ERPT) for (average) market price and an individual country's price, using steel products data in the US market, with special reference to two major steel exporting countries, Korea and Japan. It was found that the direction of market ERPT can be different from that of individual ERPT that each exporter experiences, due to strategic interactions among producers and different parameters. Vector error correction (VEC) models and impulse response analysis were used with the statistical inference based on the bootstrap-after- bootstrap of Kilian (1998) for short-run, and the fully modified estimation of Phillips and Hansen (1990) was used for long-run. Empirical results indicate that market ERPT in the US market due to changes in Korea-US exchange rates is different from those due to changes in Japan-US exchange rates. The framework developed in this study indicates that this phenomenon is attributed to either (i) the two countries have individual ERPTs of different magnitudes and directions for the products in the US market, or (ii) the pricing strategies of the other exporters' (to the US steel market) respond differently depending on whether the price of the product from Korea changes or that from Japan does. As each exporter's ERPT can be significantly different, and market response to each country's ERPT can be also different, this study concludes that it is crucial for an exporter to understand how competitors in the market respond to changes in its price, as well as to understand how its price changes when the relevant exchange rate fluctuates.

• The Journal of the Korea Contents Association
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• v.12 no.9
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• pp.357-368
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• 2012

The purpose of this study is to empirically examine the impact of enterprise R&D investment on international trade in Korea under the new Normal Era. In order to test whether the time series data of trade variables are stationary or not, we put in operation unit root test and cointegration test. Based on VECM (Vector Error Correction Model), we also apply impulse response functions and variance decomposition to estimate the dynamic effects in the short-run and long-run. The results show that the relationship between enterprise R&D investment and international trade (export and import) exists in the long-run as well as in the short-run. The results of applying impulse response functions and variance decomposition also indicate that the impact of enterprise R&D investment on international trade is positive, and a significant portion of fluctuations in the trade variable is explained by enterprise R&D investment. Therefore, enterprise R&D investment must be continuously increased to improve economic growth with promoting trading competition power in Korea under the new Normal Era.

• Korean Journal of Agricultural and Forest Meteorology
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• v.17 no.1
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• pp.15-24
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• 2015

$CH_4$ is a trace gas and one of the key greenhouse gases, which requires continuous and systematic monitoring. The application of eddy covariance technique for $CH_4$ flux measurement requires a fast-response, laser-based spectroscopy. The eddy covariance measurements have been used to monitor $CO_2$ fluxes and their data processing procedures have been standardized and well documented. However, such processes for $CH_4$ fluxes are still lacking. In this note, we report the first measurement of $CH_4$ flux in a rice paddy by employing the eddy covariance technique with a recently commercialized wavelength modulation spectroscopy. $CH_4$ fluxes were measured for five consecutive days before and after the rice transplanting at the Gimje flux monitoring site in 2012. The commercially available $EddyPro^{TM}$ program was used to process these data, following the KoFlux protocol for data-processing. In this process, we quantified and documented the effects of three key corrections: (1) frequency response correction, (2) air density correction, and (3) spectroscopic correction. The effects of these corrections were different between daytime and nighttime, and their magnitudes were greater with larger $CH_4$ fluxes. Overall, the magnitude of $CH_4$ flux increased on average by 20-25% after the corrections. The National Center for AgroMeteorology (www.ncam.kr) will soon release an updated KoFlux program to public users, which includes the spectroscopic correction and the gap-filling of $CH_4$ flux.

• The Journal of Fisheries Business Administration
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• v.37 no.1 s.70
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• pp.95-110
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• 2006

Japan's frozen shrimp future market is the only fisheries future commodity market in the world. This empirical study examines the lead and lag relationship between Japan frozen shrimp spot and future markets using the daily prices from August 1, 2002 to December 31, 2005. Frozen shrimp future contract is listed on Japan Kansai Commodities Exchange. Japan imports approximately 250,000 tons of frozen shrimp annually, of which just under 70,000 tons, nearly 30%, are black tiger shrimp. Approximately 90% of black tiger shrimp are caught in Indonesia, India, Thailand and Vietnam, and the two largest consumers of these shrimp are Japan and the U.S.A. Kansai Commodities Exchange adopts the India black tiger shrimp as standard future commodity. We use unit root test, Johansen cointegration test, Granger causality test, Vector autoregressive analysis and Impulse response analysis. However, considering the long - term relationships between the level variables of frozen shrimp spot and futures, we introduced Vector Error Correction Model. We find that the price change of frozen shrimp futures with next 1, 2, 3, 4, 5 month maturity have a strong predictive power to the change of frozen shrimp spot and the change of frozen shrimp spot also have a predictive power to the change of frozen shrimp with next 1, 2, 3 month maturity. But, the explanatory power of the frozen shrimp futures is relatively greater than that of frozen shrimp spot.

• Steel and Composite Structures
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• v.19 no.1
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• pp.93-110
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• 2015

The thermomechanical bending response of anti-symmetric cross-ply composite plates is investigated by the use of the simple four variable sinusoidal plate theory. The theory accounts for sinusoidal distribution of transverse shear stress, and satisfies the free transverse shear stress conditions on the top and bottom surfaces of the plate without using shear correction factor. By dividing the transverse displacement into bending and shear parts, the number of unknowns and governing equations for the present theory is reduced, significantly facilitating engineering analysis. The validity of the present theory is demonstrated by comparison with solutions available in the literature. Numerical results are presented to demonstrate the behavior of the system. The influences of aspect ratio, side-to-thickness ratio, thermal expansion coefficients ratio and stacking sequence on the thermally induced response are studied. The present study is relevant to aerospace, chemical process and nuclear engineering structures which may be subjected to intense thermal loads.

• Smart Structures and Systems
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• v.14 no.6
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• pp.1269-1289
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• 2014

With the sub-stepping technique, the numerical analysis in real-time dynamic hybrid testing is split into the response analysis and signal generation tasks. Two target computers that operate in real-time may be assigned to implement these two tasks, respectively, for fully extending the simulation scale of the numerical substructure. In this case, the integration time-step of solving the dynamic response of the numerical substructure can be dozens of times bigger than the sampling time-step of the controller. The time delay between the real and desired feedback forces becomes more striking, which challenges the well-developed delay compensation methods in real-time dynamic hybrid testing. This paper focuses on displacement prediction and force correction for delay compensation in the real-time dynamic hybrid testing with a large integration time-step. A new displacement prediction scheme is proposed based on recently-developed explicit integration algorithms and compared with several commonly-used prediction procedures. The evaluation of its prediction accuracy is carried out theoretically, numerically and experimentally. Results indicate that the accuracy and effectiveness of the proposed prediction method are of significance.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.29 no.5
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• pp.344-352
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• 2018

We herein propose a calibration method for a sampling oscilloscope. The proposed method can correct the systematic errors in the oscilloscope such as time-based distortion and impedance mismatch. In addition, it can accurately estimate the residual jitter that remains after a time-based correction and the scale factor that varies in accordance with the setting of the pulse generator. The proposed method is validated thorough the comparison and verification with the power meter, and the uncertainty of the measurement method is analyzed.

• Journal of Biosystems Engineering
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• v.15 no.2
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• pp.110-122
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• 1990

This study was undertaken to develop the feed rate control system for the head feed thresher by making use of the microprocessor and to evaluate the response of the system to a various threshing conditions. The control unit was composed of one-board microcomputer. The speed of the wet-paddy feeding chain was controlled by dc moter with PI controller. It was used the adaptive control method to maintain the constant feed rate regardless of the fed rice varieties. The sliding type potentiometer was used as the feed rate sensor, which was attached on the sheaf-holding apparatus. The mathematical models of the system components were derived and computer simulation was developed for investigating the parameters affecting on control performance and for estimating the response of the system. A one-board microcomputer-based feed rate control system developed in this study was properly functioned and assessed as adequate for the feed rate control system of the head feed thresher. Based on the simulation for the bundle feed, it was anticipated that the lower setting value of the cylinder speed(RL) is to be set higher than the limiting operational speed. In addition, the higher setting value of the cylinder speed(RH) is to be set lower than the limiting cylinder speed for threshing. The computer simulation for the continuous spread feed showed that the lower the setting value of straw layer thickness(LL) was set, the shorter the correction time. However, if too low LL may be established, the feed rate could not reach to its desired rate.

• Earthquakes and Structures
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• v.12 no.5
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• pp.543-557
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• 2017

Results of an extensive study aiming to properly extend the well known pushover analysis into 3-D problems of asymmetric buildings are presented in this paper. The proposed procedure uses simple, 3 DOF, one-story models with shear-beam type elements in order to quantify the effects of inelastic torsional response of such buildings. Correction coefficients for the response quantities at the "stiff" and "flexible" sides are calculated using results from non-linear time history analyses of the simple models. Their values are then applied to the results of a simple, plane pushover analysis of the detailed building models. Results from the application of the new method for a set of three, conventionally designed, five-story buildings with high values of uniaxial eccentricities are compared with those obtained from multiple non-linear dynamic time history analyses, as well as from similar pushover methods addressing the same problem. This initial evaluation indicates that the proposed procedure is a clear improvement over the simple (conventional) pushover method and, in most cases, more accurate and reliable than the other methods considered. The accuracy, however, of all these methods is reduced substantially when they are applied to torsionally flexible buildings. Thus, for such challenging problems, use of inelastic dynamic analyses for a set of two component earthquake motions appears to be the preferable solution.

• Geomechanics and Engineering
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• v.22 no.1
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• pp.97-108
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• 2020

The time-consuming and less objectivity are the main problems of conventional micromechanical parameters calibration method of Particle Flow Code simulations. Thus this study aims to address these two limitation of the conventional "trial-and-error" method. A new calibration method for the linear parallel bond model (CM-LPBM) is proposed. First, numerical simulations are conducted based on the results of the uniaxial compression tests on limestone. The macroscopic response of the numerical model agrees well with the results of the uniaxial compression tests. To reduce the number of the independent micromechanical parameters, numerical simulations are then carried out. Based on the results of the orthogonal experiments and the multi-factor variance analysis, main micromechanical parameters affecting the macro parameters of rocks are proposed. The macro-micro parameter functions are ultimately established using multiple linear regression, and the iteration correction formulas of the micromechanical parameters are obtained. To further verify the validity of the proposed method, a case study is carried out. The error between the macro mechanical response and the numerical results is less than 5%. Hence the calibration method, i.e., the CM-LPBM, is reliable for obtaining the micromechanical parameters quickly and accurately, providing reference for the calibration of micromechanical parameters.