• The Korean Journal of Financial Management
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• v.26 no.3
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• pp.199-226
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• 2009

We examine the intertemporal relation between risk and return in the Korean stock market and foreign exchange market based on the two factor ICAPM framework. The standard GARCH model and the GJR(1993) model are employed to estimate conditional variances of the stock returns and foreign exchange rates. The covariance between the rates of stock returns and changes in the exchange rates are estimated by the constant conditional correlation model of Bollerslev(1990) and the dynamic conditional correlation model of Engle(2002). The multivariate GARCH in mean model and quasi-maximum likelihood estimation method, consequently, are applied to investigate riskreturn relation jointly. We find that the estimated coefficient of relative risk aversion is negative and statistically significant in the post-financial crisis sample period in the Korean stock market. We also show that the expected stock returns are negatively related to the dynamic covariance with foreign exchange rates. Both estimated parameters of conditional variance and covariance in the foreign exchange market, however, are not statistically significant. The GJR model is better than the standard GARCH model to estimate the conditional variances. In addition, the dynamic conditional correlation model has higher explanatory power than the constant correlation model. The empirical results of this study suggest following two points to investors and risk managers in hedging and diversifying strategies for their portfolios in the Korean stock market: first, the variability of foreign exchange rates should be considered, and second, time-varying correlation between stock returns and changes in foreign exchange rates supposed to be considered.

• Journal of Environmental Health Sciences
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• v.30 no.2
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• pp.140-148
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• 2004

To evaluate the acute effects of fine particles on pulmonary function, a longitudinal study was conducted. This study was carried out for the schoolchildren (3rd and 6th grades) living in Beijing, China. Each child was provided with a mini-Wright peak flow meter and a preformatted health symptom diary for 40 days, and was trained on their proper use. Participants were instructed to perform the peak flow test three times in standing position, three times a day (9 am, 12 pm, and 8 pm), and to record all the readings along with the symptoms (cold, cough, and asthmatic symptoms) experienced on that day. Daily measurement of fine particles (PM$_{10}$ and PM$_{2.5}$) was obtained in the comer of the playground of the participating elementary school for the same period of this longitudinal study. The relationship between daily peak expiratory flow rate (PEFR) and fine particle levels was analyzed using a mixed linear regression models including gender, height, the presence of respiratory symptoms, and daily average temperature and relative humidity as extraneous variables. The total number of students participating in this longitudinal study was 87. The range of daily measured PEFR was 253-501$\ell$/min. In general, the PEFR measured in the morning was lower than the PEFR measured in the evening (or afternoon) on the same day. The daily mean concentrations of PM$_{10}$ and PM$_{2.5}$ over the study period were 180.2$\mu\textrm{g}$/㎥ and 103.2$\mu\textrm{g}$/㎥, respectively. The IQR (inter-quartile range) of PM$_{10}$ and PM$_{2.5}$ were 91.8$\mu\textrm{g}$/㎥ and 58.0$\mu\textrm{g}$/㎥. During the study period, the national ambient air quality standard of 150$\mu\textrm{g}$/㎥ (for PM$_{10}$) was exceeded in 23 days (57.5%). The analysis showed that an increase of 1$\mu\textrm{g}$/㎥ of PM$_{10}$ corresponded to 0.59$\mu\textrm{g}$/㎥ increment of PM$_{2.5}$. Daily mean PEFR was regressed with the 24-hour average PM$_{10}$ (or PM$_{2.5}$) levels, weather information such as air temperature and relative humidity, and individual characteristics including gender, height, and respiratory symptoms. The analysis showed that the increase of fine particle concentrations was negatively associated with the variability in PEFR. The IQR increments of PM$_{10}$ or PM$_{2.5}$ (at 1-day time lag) were also shown to be related with 1.54 $\ell$/min (95% Confidence intervals: 0.94-2.14) and 1.56$\ell$/min (95% CI: 0.95-2.16) decline in PEFR.R.ine in PEFR.ine in PEFR.

• Korean Journal of Construction Engineering and Management
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• v.7 no.5
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• pp.138-148
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• 2006

In constructing projects, there exist various kinds of work interferences, which cause a delay of the outset and completion of planned schedule because of some attributions, such as variability, uncertainty and complexity, and so schedule delay has been treated as a natural phenomenon. To reduce or prevent the schedule delay, a constant confirmation of schedule delay and a preparation of counter plans for finding out the cause structure of schedule delay should have been done. However, all this time the research has been mostly done on the calculation method or claim cases of schedule delay, and the range of analysis method of the cause structure of schedule delay has been multifarious from industrial views to views of specific work. Moreover, the classifying system and analysis method did not consider the trait, which cause the schedule delay, in constructing projects. For this reason, it is difficult to compare the cause of delay factors of the projects and to understand the effect of schedule delay by each factor. This paper restricts the range of the cause analysis of schedule delay to the field of site management in the projects and divides the cause structure of schedule delay into the cause objects and cause attributes of schedule delay according to the input elements. The system of classifying causes of schedule delay is examined by interviews with experts and questionnaire. Additionally, this paper analyzes the attributes of cause attributes and cause subjects and presents the analysis method and procedure of schedule delay with the application of VSM.

• Journal of Korea Water Resources Association
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• v.36 no.2
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• pp.285-300
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• 2003

An event-based, kinematic, infiltration-excess, and distributed rainfall-runoff model using weather radar and Geographic Information System(GIS) was developed to acknowledge and account lot the spatial variability and uncertainty of several parameters relevant to storm surface runoff and surface flow The developed model is compatible with raster GIS and spatially and temporally varied rainfall data. To calibrate the model, Monte Carlo simulation and a likelihood measure are utilized; allowing for a range of possible system responses from the calibrated model. Using rain gauge adjusted radar-rainfall estimates, the developed model was applied and evaluated to a limited number of historical events for the Ralston Creek and Goldsmith Gulch basins within the Denver Urban Drainage and Flood Control District (UDFCD) that contain mixed land use classifications. While based on a limited number of Monte Carlo simulations and considered flood events, Nash and Sutcliffe efficiency score ranges of -0.19∼0.95 / -0.75∼0.81 were obtained from the calibrated models for the Ralston Creek and Goldsmith Gulch basins, based on a comparison of observed and simulated hydrographs. For the Ralston Creek and Goldsmith Gulch basins, Nash and Sutcliffe efficiency scores of 0.88/0.10, 0.14/0.71, and 0.99/0.95 for runoff volume, peak discharge, and time to peak, respectively, were obtained from the model.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.36 no.4
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• pp.263-270
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• 2018

Land surface temperature is known to be an important factor in understanding the interactions of the ground-atmosphere. However, because of the large spatio-temporal variability, regular observation is rarely made. The existing land surface temperature is observed using satellite images, but due to the nature of satellite, it has the limit of long revisit period and low accuracy. In this study, in order to confirm the possibility of replacing land surface temperature observation using satellite imagery, images acquired by TIR (Thermal Infrared) sensor mounted on UAV (Unmanned Aerial Vehicle) are used. The acquired images were transformed from JPEG (Joint Photographic Experts Group) to TIFF (Tagged Image File Format) format and orthophoto was then generated. The DN (Digital Number) value of orthophoto was used to calculate the actual land surface temperature. In order to evaluate the accuracy of the calculated land surface temperature, the land surface temperature was compared with the land surface temperature directly observed with an infrared thermometer at the same time. When comparing the observed land surface temperatures in two ways, the accuracy of all the land covers was below the measure accuracy of the TIR sensor. Therefore, the possibility of replacing the satellite image, which is a conventional land surface temperature observation method, is confirmed by using the TIR sensor mounted on UAV.

• Journal of Korea Water Resources Association
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• v.53 no.3
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• pp.155-166
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• 2020

In this study, we applied the Radar-AWS Rainrates (RAR), weather radar-based quantitative precipitation estimations (QPEs), to the Yongdam study watershed in order to perform the flood runoff simulation and calculate the inflow of the dam during flood events using hydrologic model. Since the Yongdam study watershed is a representative area of the mountainous terrain in South Korea and has a relatively large number of monitoring stations (water level/flow) and data compared to other dam watershed, an accurate analysis of the time and space variability of radar rainfall in the mountainous dam watershed can be examined in the flood modeling. HEC-HMS, which is a relatively simple model for adopting spatially distributed rainfall, was applied to the hydrological simulations using HEC-GeoHMS and ModClark method with a total of eight independent flood events that occurred during the last five years (2014 to 2018). In addition, two NCL and Python script programs are developed to process the radar-based precipitation data for the use of hydrological modeling. The results demonstrate that the RAR QPEs shows rather underestimate trends in larger values for validation against gauged observations (R² 0.86), but is an adequate input to apply flood runoff simulation efficiently for a dam watershed, showing relatively good model performance (E_NS 0.86, R² 0.87, and PBIAS 7.49%) with less requirements for the calibration of transform and routing parameters than the spatially averaged model simulations in HEC-HMS.

• Journal of the HCI Society of Korea
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• v.10 no.2
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• pp.13-19
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• 2015

Display technology has recently made enormous progress. In particular, display companies are competing each other to develop flexible display. Curved display, as a precursor of flexible display, are now used for smart phones and TVs. Curved monitors have been just introduced in the market, and are used for office work or entertainment. The aim of the current study was to investigate whether the curvature of a 42" multi-monitor affects postural control when it is used for entertainment purpose. The current study used two curvature levels (flat and 600mm). Ten college students [mean(SD) age = 20.9 (1.5)] with at least 20/25 visual acuity, and without color blindness and musculoskeletal disorders participated in this study. In a typical VDT environment, each participant played a car racing video game using a steering wheel and pedals for 30 minutes at each curvature level. During the video game, a pressure mat on the seat pan measured the participant's COP (Center of Pressure), and from which four measures (Mean Velocity, Median Power Frequency, Root-Mean-Square Distance, and 95% Confidence Ellipse Area) were derived. A larger AP (Anterior-Posterior) RMS distance was observed in the flat condition, indicating more forward-backward upper body movements. It can be partly due to more variability in visual distance across display, and hence longer ocular accommodation time in the case of the flat display. In addition, a different level of presence or attention between two curvature conditions can lead to such a difference. Any potential effect of such a behavioral change by display curvature on musculoskeletal disorders should be further investigated.

• Journal of the Korean earth science society
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• v.30 no.2
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• pp.210-222
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• 2009

Lightning data, observed from total lightning detection system (TLDS) of KMA, for the recent five years (2002-2006) have been analyzed for temporal and spatial characteristics of frequency, intensity, duration, and flash rate. Lightning frequency varies largely with years (most frequent in 2006) and the lightning during the summer accounts for 75% of total flashes and only 0.6% of lightnings strike in cold season. In rainy season (JJAS), the ratio of positive flashes to negative ones is as low as 0.15, but it increases up to 0.98 in February. The seasonal variation of lightning duration is strongly linked with lightning occurrences, whereas flashes rates show weak seasonal variability. In a daily scale, lightning, on average, occurs more often at dawn (2 am, 5-7 am) and in the mid-afternoon (15 pm), and the lightning at dawn (around 5 am) is most intense during the day. The western inland areas md the West/South Sea show high lightning density during JJAS, whereas eastern part and the East Sea exhibit a low density of lightning. Considering the low ratio of positive flashes (0.15) for the whole analysis domain during summer period, Chungnam and Jeonbuk areas have a high ratio of flashes over 0.4. However, these should be analyzed with much caution because weak positive cloud-to-cloud discharges can be regarded as cloud-to-ground flashes. The western inland also exhibits long annual flash hours (15-24). And the W3st Sea has high flash rates as a result of large density and low flash hours. The most frequent time of lightning occurrence over most inland areas lies between mid-afternoon and early-evening, whereas mountainous and coastal areas, and the northern Kyoungki and Hwanghae provinces show the maximum lightning strikes in the morning and at dawn, respectively.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.18 no.10
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• pp.1422-1432
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• 1993

Nonlinear mapping function of the HCNN( Hidden Control Neural Network ) can change over time to model the temporal variability of a speech signal by combining the nonlinear prediction of conventional neural networks with the segmentation capability of HMM. We have two things in this paper. first, we showed that the performance of the HCNN is better than that of HMM. Second, the HCNN with its prediction error measure given by weighted distance is proposed to use suitable distance measure for the HCNN, and then we showed that the superiority of the proposed system for speaker-independent speech recognition tasks. Weighted distance considers the differences between the variances of each component of the feature vector extraced from the speech data. Speaker-independent Korean digit recognition experiment showed that the recognition rate of 95%was obtained for the HCNN with Euclidean distance. This result is 1.28% higher than HMM, and shows that the HCNN which models the dynamical system is superior to HMM which is based on the statistical restrictions. And we obtained 97.35% for the HCNN with weighted distance, which is 2.35% better than the HCNN with Euclidean distance. The reason why the HCNN with weighted distance shows better performance is as follows : it reduces the variations of the recognition error rate over different speakers by increasing the recognition rate for the speakers who have many misclassified utterances. So we can conclude that the HCNN with weighted distance is more suit-able for speaker-independent speech recognition tasks.

• The Korean Journal of Quaternary Research
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• v.20 no.1 s.26
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• pp.9-27
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• 2006

The East Asian (China, Korea and Japan) summer monsoon precipitation and its variability are examined from the outputs of the 22 coupled climate models performing coordinated experiments leading to the Intergovernmental Panel on Climate Change Fourth Assessment Report (IPCC AR4) following the multi-model ensemble (MME) technique. Results are based on averages of all the available models. The shape of the annual cycle with maximum during the summer monsoon period is simulated by the coupled climate models. However, models fail to simulate the minimum peak in July which is associated with northward shifts of the Meiyu-Changma-Baiu precipitation band. The MME precipitation pattern is able to capture the spatial distribution of rainfall associated with the location of the north Pacific subtropical high and the Meiyu-Changma-Baiu frontal zone. However precipitation over the east coast of China, Korea-Japan peninsular and the adjoining oceanic regions is underestimated. Future projections to the radiative forcing of doubled $CO_2$ scenario are examined. The MME reveals an increase in precipitation varying from 5 to 10 %, with an average of 7.8 % over the East Asian region at the time of $CO_2$ doubling. However the increases are statistically significant only over the Korea-Japan peninsula and the adjoining north China region. The increase in precipitation may be attributed to the projected intensification of the subtropical high, and thus the associated influx of moist air from the Pacific to inland. The projected changes in the amount of precipitation are directly proportional to the changes in the strength of the subtropical high. Further a possible increase in the length of the summer monsoon precipitation period from late spring through early autumn is suggested.