• Title/Summary/Keyword: Volume response

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Asymmetric Information Spillovers between Trading Volume and Price Changes in Malaysian Futures Market

  • Go, You-How;Lau, Wee-Yeap
    • The Journal of Asian Finance, Economics and Business
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    • v.1 no.3
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    • pp.5-16
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    • 2014
  • This study aims to examine the dynamics of price changes and trading volume of Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) from 2000 to 2008. With augmented analysis, our results support two hypotheses. First, under information spillover, our findings support noise traders' hypothesis as the time span for variance of past trading volume to cause variance of current return is found to be asymmetric under bull and bear markets. Second, looking at the dynamic relation between volume and volatility of price changes, our findings support Liquidity-Driven Trade hypothesis as past trading volume and subsequent volatility of return exhibit positive correlation. In terms of investors' behavior in response to the news, we find that investors are more risk taking in bull market and more risk reverse in bear market. Our study suggests that investors should adjust their strategy in the futures market in a dynamic manner as the time span of new information arrival is not consistent. Also, uninformed investors with information asymmetry should expect noninformational trading from informed investors to establish their desired positions for better liquid position.

Flow and Structural Response Characteristics of a Box-type Artificial Reef (상자형 어초의 흐름 및 구조응답 특성)

  • Kim, Dongha;Woo, Jinho;Na, Won-Bae;Yoon, Han-Sam
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.26 no.3
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    • pp.113-119
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    • 2014
  • We carried out flow and structural response analysis of a box-type artificial reef (AR), which is made of concrete and structural steel. From the flow analysis, the wake region and drag coefficient were evaluated and accordingly, the structural analysis was performed to evaluate the stress and deformation of the target reef by considering the pressure field obtained from the flow analysis. The concept of wake volume was presented to quantitatively estimate the wake region and its variation according to flow direction and velocity. From the results, it is shown that the flow responses are only sensitive to the flow direction; the structural responses are sensitive to both of the flow velocity and direction although the magnitudes are negligible; and the wake volume became 3.52 times the AR volume with an optimum installation condition ($30^{\circ}$, flow direction) of the target unit.

Early treatment volume reduction rate as a prognostic factor in patients treated with chemoradiotherapy for limited stage small cell lung cancer

  • Lee, Joohwan;Lee, Jeongshim;Choi, Jinhyun;Kim, Jun Won;Cho, Jaeho;Lee, Chang Geol
    • Radiation Oncology Journal
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    • v.33 no.2
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    • pp.117-125
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    • 2015
  • Purpose: To investigate the relationship between early treatment response to definitive chemoradiotherapy (CRT) and survival outcome in patients with limited stage small cell lung cancer (LS-SCLC). Materials and Methods: We retrospectively reviewed 47 patients with LS-SCLC who received definitive CRT between January 2009 and December 2012. Patients were treated with systemic chemotherapy regimen of etoposide/carboplatin (n = 15) or etoposide/cisplatin (n = 32) and concurrent thoracic radiotherapy at a median dose of 54 Gy (range, 46 to 64 Gy). Early treatment volume reduction rate (ETVRR) was defined as the percentage change in gross tumor volume between diagnostic computed tomography (CT) and simulation CT for adaptive RT planning and was used as a parameter for early treatment response. The median dose at adaptive RT planning was 36 Gy (range, 30 to 43 Gy), and adaptive CT was performed in 30 patients (63.8%). Results: With a median follow-up of 27.7 months (range, 5.9 to 75.8 months), the 2-year locoregional progression-free survival (LRPFS) and overall survival (OS) rates were 74.2% and 56.5%, respectively. The mean diagnostic and adaptive gross tumor volumes were 117.9 mL (range, 5.9 to 447 mL) and 36.8 mL (range, 0.3 to 230.6 mL), respectively. The median ETVRR was 71.4% (range, 30 to 97.6%) and the ETVRR >45% group showed significantly better OS (p < 0.0001) and LRPFS (p = 0.009) than the other group. Conclusion: ETVRR as a parameter for early treatment response may be a useful prognostic factor to predict treatment outcome in LS-SCLC patients treated with CRT.

Performance/Noise Optimization of Centrifugal Fan Using Response Surface Method (반응표면법을 이용한 원심팬 성능/소음 최적화)

  • Shin, Donghui;Heo, Seung;Cheong, Cheolung;Kim, Tae-Hoon;Jung, Jiwon
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.41 no.3
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    • pp.165-172
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    • 2017
  • In this study, centrifugal fan blades used to circulate cold air inside a household refrigerator were optimized to achieve high performance and low noise by using the response surface method, which is frequently employed as an optimization algorithm when multiple independent variables affect one dependent variable. The inlet and outlet blade angles, and the inner radius, were selected as the independent variables. First, the fan blades were optimized to achieve the maximum volume flow rate. Based on this result, a prototype fan blade was manufactured using a 3-D printer. The measured P-Q curves confirmed the increased volume flow rate of the proposed fan. Then, the rotation speed of the new fan was decreased to match the P-Q curve of the existing fan. It was found that a noise reduction of 1.7 dBA could be achieved using the new fan at the same volume flow rate.

Change of Piping-System Dynamics with Installation of Pogo Suppression Device (포고억제장치 설치에 따른 배관계 동특성 변화)

  • Lee Jun Kyoung;Lee Sang Yong;Lee Han Ju;Oh Seung Hyub
    • Journal of the Korean Society of Propulsion Engineers
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    • v.9 no.2
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    • pp.32-39
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    • 2005
  • The effectiveness of the pogo suppression device (PSD) on the response of the piping system simulating the fuel (or oxidizer) supply lines of the rocket engines was investigated. The system response defined as the ratio of the flow rate to the pressure in the main tube was obtained for various PSD gas volumes $((0\~2)\times10^{-3}m^3)$ and three different baffle hole diameters (5, 50, 115mm). Existence of a gas volume in the PSD reduced the system resonance frequency. With a larger gas volume, the resonance frequency became lower, but only slightly, while the fluctuations of the main tube pressure and the flow rate damped down considerably. The resonance frequency decreased with the increase of the PSD inlet restriction (or the decrease of the baffle hole diameter), though slightly. However, with a larger inlet restriction, the PSD pressure wave showed a delayed response with the smaller amplitude compared to the pressure variation in the main tube.

Optimization of the Pt Nanoparticle Size and Calcination Temperature for Enhanced Sensing Performance of Pt-Decorated In2O3 Nanorods

  • Choi, Seung-Bok;Lee, Jae Kyung;Lee, Woo Seok;Ko, Tae Gyung;Lee, Chongmu
    • Journal of the Korean Physical Society
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    • v.73 no.10
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    • pp.1444-1451
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    • 2018
  • The surface-to-volume ratio of one-dimensional (1D) semiconductor metal-oxide sensors is an important factor for achieving good gas sensing properties because it offers a wide response area. To exploit this effect, in this study, we determined the optimal calcination temperature to maximize the specific surface area and thereby the sensitivity of the sensor. The $In_2O_3$ nanorods were synthesized by using vapor-liquid-solid growth of $In_2O_3$ powders and were decorated with the Pt nanoparticles by using a sol-gel method. Subsequently, the Pt nanoparticle-decorated $In_2O_3$ nanorods were calcined at different temperatures to determine the optimal calcination temperature. The $NO_2$ gas sensing properties of five different samples (pristine uncalcined $In_2O_3$ nanorods, Pt-decorated uncalcined $In_2O_3$ nanorods, and Pt-decorated $In_2O_3$ nanorods calcined at 400, 600, and $800^{\circ}C$) were determined and compared. The Pt-decorated $In_2O_3$ nanorods calcined at $600^{\circ}C$ showed the highest surface-to-volume ratio and the strongest response to $NO_2$ gas. Moreover, these nanorods showed the shortest response/recovery times toward $NO_2$. These enhanced sensing properties are attributed to a combination of increased surface-to-volume ratio (achieved through the optimal calcination) and increased electrical/chemical sensitization (provided by the noble-metal decoration).

Efficient Exercise Volume Analysis through Number of Repetitions and EMG Response of Agonist Muscle During the Bench Press

  • Kim, Ki Hong
    • Medical Lasers
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    • v.10 no.4
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    • pp.220-228
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    • 2021
  • Background and Objectives In designing a resistance exercise program, intensity, rest, and exercise volume are important. Many studies have been conducted to find the most suitable resistance exercise program incorporating the above, and in particular, many prior studies have been conducted on intensity. This study attempted to determine the effective volume of exercise by analyzing the number of repetitions performed at intensities of 65% one-repetition maximum (1RM) and 75% 1RM during the bench press exercise, and the electromyography (EMG) response of the agonist muscle. Materials and Methods Eight males in their 20s were selected as study subjects and they performed five sets of bench presses at two levels of intensity (65% 1RM, 75% 1RM). The following results were obtained by measuring the number of repetitions and the EMG response according to the exercise intensity and sets during the workout. Results First, the number of repetitions showed a sharp drop from the first set to the third set at 65% 1RM intensity and showed no change in the fourth and fifth sets. At 75% 1RM intensity, the intensity of hypertrophy showed a gradual decrease from the first set to the fifth set. Second, at 75% 1RM exercise intensity, the pectoralis major, anterior deltoid and triceps brachii showed high muscle activity, and the activity of the anterior deltoid continued to increase from the first set to the fourth set at 65% 1RM intensity, and from the first set to the fifth set at 75% 1RM. Conclusion It was found that during the bench press exercise, three minutes of rest at 75% 1RM intensity, five sets of five sets, one minute rest at 65% 1RM intensity, and three sets of the exercise were effective.

Dynamic bending response of SWCNT reinforced composite plates subjected to hygro-thermo-mechanical loading

  • Chavan, Shivaji G.;Lal, Achchhe
    • Computers and Concrete
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    • v.20 no.2
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    • pp.229-246
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    • 2017
  • The dynamic bending response of single walled carbon nanotube reinforced composite (SWCNTRC) plates subjected to hygro-thermo-mechanical loading are investigated in this paper. The mechanical load is considered as wind pressure for dynamic bending responses of SWCNTRC plate. The dynamic version of the High Order shear deformation Theory (HSDT) for a composite plate with Matrix and SWCNTRC plate is first formulated. Distribution of fibers through the thickness of the SWCNTRC plate could be uniform or functionally graded (FG). The dynamic displacement response is predicted by using Nemarck integration method. The effective material properties of SWCNTRC are estimated by using micromechanics based modeling approach. The effect of different environmental condition, volume fraction of SWCNT, Width-to-thickness ratio, wind pressure, different SWCNTRC-FG plates, boundary condition, E1/E2 ratio, different temperature on dynamic displacement response is investigated. The dynamic displacement response is compared with the available literature and it shows good agreement.

Study on Optimization of Aerodynamic Design of A Jet Fan (제트송풍기의 공력설계 최적화에 관한 연구)

  • Seo, Seoung-Jin;Kim, Kwang-Yong;Chang, Dong-Wook
    • 유체기계공업학회:학술대회논문집
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    • 2002.12a
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    • pp.439-443
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    • 2002
  • In this study, three-dimensional incompressible viscous flow analysis and optimization using response surface method are presented for the design of a jet fan. Steady, incompressible, three-dimensional Reynolds averaged Wavier-Stokes equations are used as governing equations, and standard k-$\epsilon$ turbulence model is chosen as a turbulence model. Governing equations are discretized using finite volume method. Sweep angles and maximum thickness of blade are used as design variables for the shape optimization of the impeller in response surface method. The experimental points which are needed to construct response surface are obtained from the D-optimal design and Full Factorial design and relations between design variables and response surface are examined.

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Damping determination of FRP-confined reinforced concrete columns

  • Li, Xiaoran;Wang, Yuanfeng;Su, Li
    • Computers and Concrete
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    • v.14 no.2
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    • pp.163-174
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    • 2014
  • Damping as a material property plays an important role in decreasing dynamic response of structures. However, very little is known about the evaluation and application of the actual damping of Fiber Reinforced Polymer Confined Reinforced Concrete (FRP-C RC) material which is widely adopted in civil engineering at present. This paper first proposes a stress-dependent damping model for FRP-C RC material using a validated Finite Element Model (FEM), then based on this damping-stress relation, an iterative scheme is developed for the computations of the non-linear damping and dynamic response of FRP-C RC columns at any given harmonic exciting frequency. Numerical results show that at resonance, a considerable increase of the loss factor of the FRP-C RC columns effectively reduces the dynamic response of the columns, and the columns with lower concrete strength, FRP volume ratio and axial compression ratio or higher longitudinal reinforcement ratio have stronger damping values, and can relatively reduce the resonant response.