• Korean Management Science Review
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• v.27 no.3
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• pp.33-41
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• 2010

A lot of researches find negative volatility risk premium in options market. We can make a trading profit by exploiting the negative volatility premium. This study proposes negative volatility risk premium hypotheses in the KOSPI 200 stock price index options market and empirically test the proposed hypotheses with intra-day short straddle strategy. This strategy sells both at-the-money call option and at-the-money put option at market open and exits the position at market close. Using MySQL 5.1, we create our database with 1 minute option price data of the KOSPI 200 index options from 2004 to 2009. Empirical results show that negative volatility risk premium exists in the KOSPI 200 stock price index options market. Furthermore, intra-day short straddle strategy consistently produces annual profits except one year.

• Economic and Environmental Geology
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• v.39 no.3 s.178
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• pp.229-234
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• 2006

Cross-over errors (XOEs) may mislead scientists when interpreting marine geophysical data. Such risk can be reduced by correcting the data proportionally between two cross-over points (XOPs). C program is presented to determine XOPs using a quick rejection test and a straddle test, and to adjust XOEs using a weighted linear interpolation algorithm.

• Steel and Composite Structures
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• v.31 no.5
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• pp.437-452
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• 2019

In this study, in-situ static and dynamic tests of four pre-stressed concrete (PC) track beams with different span lengths and curvatures in a straddle monorail transit system were reported. In the static load tests, the strain and deflection at critical sections of the PC track beams were measured to determine the load bearing capacity and stiffness. The dynamic responses of strain, deflection, acceleration, and displacement at key positions of the PC track beams were measured under different train speeds and train loads to systematically study the dynamic behaviors of the PC track beams. A three-dimensional finite element model of the track beam-vehicle coupled vibration system was established to help understand the dynamic behavior of the system, and the model was verified using the test results. The research results show that the curvature, span length, train speed, and train loads have significant influence on the dynamic responses of the PC track beams. The dynamic performance of the PC track beams in the curve section is susceptible to dynamic loads. Appropriate train loads can effectively reduce the impact of the train on the PC track beam. The PC track beams allow good riding comfort.

• The Journal of Engineering Geology
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• v.20 no.2
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• pp.213-220
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• 2010

The permeability characterization on the natural barrier for deep geological disposal of radioactive waste is very critical to evaluate total safety and performance assessment of disposal site. However, the confidence level in using previous hydraulic testing equipments consist of simple components to estimate rock mass permeability is not high enough to reflect in situ condition. The purpose of this research is to establish an advanced hydraulic testing equipment, which is applicable to deep borehole (up to 1,000 m), through the improvement of technical problems of previous packer systems. Especially, the straddle packer hydraulic testing equipment was designed to adopt both the hydraulic downhole shut-in valve(H-DHSIV) to minimize the wellbore storage effect and the real time data acquisition system to measure the pressure changes of test interval including its upper and lower parts. The results from this research lead to not only improve current technical level in the field of hydraulic testing but also provide important information to radioactive waste disposal technology development and site characterization project.

• Structural Engineering and Mechanics
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• v.26 no.2
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• pp.111-126
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• 2007

Dynamic responses of the bridge for a straddle-type monorail subjected to the ground motion of high probability to occur are investigated by means of a three-dimensional traffic-induced vibration analysis to clarify the effect of a train's dynamic system on seismic responses of a monorail bridge. A 15DOFs model is assumed for a car in the monorail train. The validity of developed equations of motion for a monorail train-bridge interaction system is verified by comparison with the field-test data. The inertia effect due to a ground motion is combined with the monorail train-bridge interaction system to investigate the seismic response of the monorail bridge under a moving train. An interesting result is that the dynamic system of the train on monorail bridges can act as a damper during earthquakes. The observation of numerical results also points out that the damper effect due to the dynamic system of the monorail train tends to decrease with increasing speed of the train.

• Steel and Composite Structures
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• v.27 no.2
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• pp.161-175
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• 2018

In this study, in-situ dynamic tests of the world's longest steel box tied-arch bridge over the Yangtze River, China, are reported. The double deck bridge supports highway and monorail systems at upper and lower levels, respectively. Strain, displacement, and acceleration responses were measured and used to investigate the vibration characteristics of the bridge when excited by running trains and/or trucks at a speed of 5-60 km/h, train braking, and truck bouncing. Impact factors were correlated with the running speed of trains and trucks. A three-dimensional finite element model of the coupled monorail-train-bridge vibration system accounting for track irregularities was established to understand the system behavior and validated by the experimental results. Truck bouncing was the dominant impact factor on bridge responses. The running speed of vehicles determined the riding comfort of traveling trains.

• Tunnel and Underground Space
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• v.27 no.5
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• pp.263-270
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• 2017

Hydraulic rock splitting is a technique which leads to failure of rockmass by means of water injection with a pressure higher than the tensile strength of rockmass, using straddle packer installed in boreholes drilled from free surface. Field tests were conducted in this study for several slopes of biotite granite according to various designs for borehole layout and water injection. Test results showed that new cracks were generated to connect to adjacent holes or that pre-existed cracks were propagated by injection, finally leading to failure. In particular, this study suggests the possibility of controlling the direction of generated cracks with guide slot, since new cracks were generated parallel to the guide slots carved on a borehole wall before injection. Various types of borehole layout and injection methods should be further developed for the practical uses, considering the factors influencing on crack generation.