• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.319-326
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• 2022

This study investigates the specific and conclusive reasons why a company issues bonus shares, as well as the rationale and the best timing for bonus share issuance. The study examines Carlsberg's annual reports from 1988 to 2004 to evaluate the factors that influence bonus share payments and timing. Examine supporting evidence from other businesses as well. An analysis of Carlsberg Brewery Malaysia Berhad's bonus shares granted from its inception to 2004 found that the announcement of bonus shares would increase the company's share price. As a result, the findings suggest that bonus shares are issued to correct market asymmetry. This research supports the idea that issuing bonus shares would increase the stock price, resulting in increased liquidity. Hence, companies issue bonus shares to boost their liquidity and to convey private positive information to their shareholders. This research adds to the literature by focusing on the timing and key features of bonus share issuing. It implies that dividend policy should be customized to market imperfections. As a result, dividend policies would differ significantly between organizations based on the weights each of the imperfections has on the firm and shareholders.

• Journal of Positioning, Navigation, and Timing
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• v.12 no.3
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• pp.281-288
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• 2023

The International Maritime Organization (IMO) states that the recommended horizontal accuracy for coastal and offshore areas is 10 m, the Alert Limit (AL) is 25 m, the time to alert is 10 seconds, and the integrity risk (IR) is 10^-5 per three hours. For operations requiring high accuracy, such as tugs and pushers, icebreakers, and automated docking, the IMO dictates that a high level of positioning accuracy of less than one meter and a protection level of 0.25 meters (for automated docking) to 2.5 meters should be achieved. In this paper, we analyze a method of calculating the user-side protection level of the centimeter-level precision Global Navigation Satellite System (GNSS) that is being studied to provide augmentation information for the precision Positioning, Navigation and Timing (PNT) service. In addition, we analyze standardized integrity forms based on RTCM SC-134 to propose an integrity information form and generate a centimeter-level precise PNT service plan.

• Transactions of the Korean Society of Automotive Engineers
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• v.14 no.6
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• pp.50-56
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• 2006

Residual gas fraction in a combustion process is very crucial to improve combustion and cyclic variations. Especially, the residual gas fraction is strongly affected by backflow of the residual gas during the valve overlap period in an idle operation. Therefore, it is one of the most interesting that valve timings can affect flow characteristics of gas exchange process, especially during idle operation. This analysis investigates residual gas fraction with respect to valve timing changes which is critical for combustion efficiency and engine performance. Flow characteristics of residual gas by changing intake and exhaust valve timing are calculated by CFD methodology during an idle operation in an SI engine. It is analyzed that retarded EVO and advanced IVO results in the increase of valve overlap period and consequently, residual gas fraction. Futhermore, changes in IVO have stronger effects on variation of residual gas fraction.

• Journal of Astronomy and Space Sciences
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• v.31 no.3
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• pp.187-197
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• 2014

We have investigated the dynamical stability of the proposed companions orbiting the Algol type short-period eclipsing binary SW Lyncis (Kim et al. 2010). The two candidate companions are of stellar to substellar nature, and were inferred from timing measurements of the system's primary and secondary eclipses. We applied well-tested numerical techniques to accurately integrate the orbits of the two companions and to test for chaotic dynamical behavior. We carried out the stability analysis within a systematic parameter survey varying both the geometries and orientation of the orbits of the companions, as well as their masses. In all our numerical integrations we found that the proposed SW Lyn multi-body system is highly unstable on time-scales on the order of 1000 years. Our results cast doubt on the interpretation that the timing variations are caused by two companions. This work demonstrates that a straightforward dynamical analysis can help to test whether a best-fit companion-based model is a physically viable explanation for measured eclipse timing variations. We conclude that dynamical considerations reveal that the proposed SW Lyncis multi-body system most likely does not exist or the companions have significantly different orbital properties from those conjectured in Kim et al. (2010).

• Transactions of the Korean Society of Automotive Engineers
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• v.13 no.1
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• pp.9-18
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• 2005

The objective of this study is to analyse the spray characteristics according to the injection duration under the ambient pressure condition, and the injection timing in the visualization engine. In order to investigate the spray behavior, we obtained the spray velocity using the PIV method that has been an useful optical diagnostics technology, and calculated the vorticity from spray velocity component. These results elucidated the relationship between vorticity and entropy which play an important role in the diffusion process for the early injection case and the stratification process for the late injection case. In addition, we quantified the homogeneous diffusion rate of spray using the entropy analysis based on the Boltzmann's statistical thermodynamics. Using these method, it was found that the concentration of spray droplets caused by the increase of injection duration is more effective than the increase of momentum dissipation. We also found that the homogeneous diffusion rate increased as the injection timing moved to the early intake stroke process and BTDC $50^{\circ}$ was the most efficient injection timing for the stratified mixture formation during the compression stroke.

• The Transactions of the Korea Information Processing Society
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• v.4 no.4
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• pp.1004-1012
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• 1997

This paper proposes a new TRF(Transition Rise\Fall)delay model for the effcient hazard analysis in a 5-valued logic sumulation enviroment.For the hazzard for a given logic circuit, the timing analysis is first performed by means of a 5-valued logic simulator which uses the TRF delay model which incorporates the response delay for a reponse state with the transition delay for a transition state of an elment, and then hazards are detected through investigating timing relations.Simulation examples and experimental results are also given to demostrate the pradticability of the proposed methods.

• Journal of Positioning, Navigation, and Timing
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• v.2 no.2
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• pp.131-137
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• 2013

In this study, positioning results that combined the code observation information of GPS and GLONASS navigation satellites were analyzed. Especially, the distribution of GLONASS satellites observed in Korea and the combined GPS/GLONASS positioning results were presented. The GNSS data received at two reference stations (GRAS in Europe and KOHG in Goheung, Korea) during a day were processed, and the mean value and root mean square (RMS) value of the position error were calculated. The analysis results indicated that the combined GPS/GLONASS positioning did not show significantly improved performance compared to the GPS-only positioning. This could be due to the inter-system hardware bias for GPS/GLONASS receivers, the selection of transformation parameters between reference coordinate systems, the selection of a confidence level for error analysis, or the number of visible satellites at a specific time.

• Transactions of the Korean Society of Automotive Engineers
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• v.10 no.5
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• pp.114-120
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• 2002

In a distributed real-time control system, it is essential to confirm the timing behavior of all tasks because these tasks of each real-time controller have to finish their processes within the specified time intervals called a deadline. In order to satisfy this objective, the timing analysis of a distributed real-time system such as shcedulability test must be performed during the system design phase. In this study, a simple application of CAN fur a vehicle body network system is formulated to apply to a holistic scheduling analysis, and the worst-case execution time (WCET) and the worst-case end-to-end response time (WCRT) are evaluated in the point of holistic system view.

• Journal of Positioning, Navigation, and Timing
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• v.7 no.1
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• pp.15-24
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• 2018

This study analyzed positioning accuracy of the multi-differential global navigation satellite system (DGNSS) algorithm that integrated GPS, GLONASS, and BDS. Prior to the analysis, four sites of which satellite observation environment was different were selected, and satellite observation environments for each site were analyzed. The analysis results of the algorithm performance at each of the survey points showed that high positioning performance was obtained by using DGPS only without integration of satellite navigation systems in the open sky environment but the positioning performance of multi-DGNSS became higher as the satellite observation environments degraded. The comparison results of improved positioning performance of the multi-DGNSS at the poor reception environment compared to differential global positioning system (DGPS) positioning results showed that horizontal accuracy was improved by 78% and vertical accuracy was improved by 65% approximately.