• Earthquakes and Structures
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• v.5 no.3
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• pp.277-296
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• 2013

Margin of safety against potential of progressive collapse is among important features of a structural system. Often eccentricity in plan of a building causes concentration of damage, thus adversely affects its progressive collapse safety margin. In this paper the progressive collapse of symmetric and asymmetric 3-story reinforced concrete ordinary moment resisting frame buildings subjected to the earthquake ground motions are studied. The asymmetric buildings have 5%, 15% and 25% mass eccentricity. The distribution of the damage and spread of the collapse is investigated using nonlinear time history analyses. Results show that potential of the progressive collapse at both stiff and flexible edges of the buildings increases with increase in the level of asymmetry in buildings. It is also demonstrated that "drift" as a more easily available global response parameter is a good measure of the potential of progressive collapse rather than much difficult-to-calculate local response parameter of "number of collapse plastic hinges".

• KDI Journal of Economic Policy
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• v.12 no.2
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• pp.95-120
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• 1990

The underpricing of new shares of a firm that are offered to the public for the first time (initial offerings) is well known and has puzzled financial economists for a long time since it seems at odds with the optimal behavior of the owners of issuing firms. Past attempts by financial economists to explain this phenomenon have not been successful in the sense that the explanations given by them are either inconsistent with the equilibrium theory or implausible. Approaches by such authors as Welch or Allen and Faulhaber are no exceptions. In this paper, we develop a signalling model of capital investment to explain the underpricing phenomenon and also analyze the efficiency of investment. The model focuses on the information asymmetry between the owners of issuing firms and general investors. We consider a firm that has been owned and operated by a single owner and that has a profitable project but has no capital to develop it. The profit from the project depends on the capital invested in the project as well as a profitability parameter. The model also assumes that the financial market is represented by a single investor who maximizes the expected wealth. The owner has superior information as to the value of the firm to investors in the sense that it knows the true value of the parameter while investors have only a probability distribution about the parameter. The owner offers the representative investor a fraction of the ownership of the firm in return for a certain amount of investment in the firm. This offer condition is equivalent to the usual offer condition consisting of the number of issues to sell and the unit price of a share. Thus, the model is a signalling game. Using Kreps' criterion as the solution concept, we obtained an essentially unique separating equilibrium offer condition. Analysis of this separating equilibrium shows that the owner of the firm with high profitability chooses an offer condition that raises an amount of capital that is short of the amount that maximizes the potential profit from the project. It also reveals that the fraction of the ownership of the firm that the representative investor receives from the owner of the highly profitable firm in return for its investment has a value that exceeds the investment. In other words, the initial offering in the model is underpriced when the profitability of the firm is high. The source of underpricing and underinvestment is the signalling activity by the owner of the highly profitable firm who attempts to convince investors that his firm has a highly profitable project by choosing an offer condition that cannot be imitated by the owner of a firm with low profitability. Thus, we obtained two main results. First, underpricing is a result of a signalling activity by the owner of a firm with high profitability when there exists information asymmetry between the owner of the issuing firm and investors. Second, such information asymmetry also leads to underinvestment in a highly profitable project. Those results clearly show the underpricing entails underinvestment and that information asymmetry leads to a social cost as well as a private cost. The above results are quite general in the sense that they are based upon a neoclassical profit function and full rationality of economic agents. We believe that the results of this paper can be used as a basis for further research on the capital investment process. For instance, one can view the results of this paper as a subgame equilibrium in a larger game in which a firm chooses among diverse ways to raise capital. In addition, the method used in this paper can be used in analyzing a wide range of problems arising from information asymmetry that the Korean financial market faces.

• Archives of Pharmacal Research
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• v.15 no.2
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• pp.152-161
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• 1992

Selective quenching of 1, 6-diphenyl-1, 3, 5-hexatriene (DPH) by trinitrophenyl groups was utilized to examine the transbilayer fluidity asymmetry of model membranes of phospholipids (SPMVPL) extracted from synaptosomal plasma membrane vesicles (SPMV). The polarization (P), anisotropy (r), limiting anisotropy $(r_\infty$), and order parameter (S) of DPH in the inner monolayer were 0.019, 0.014, 0.018, and 0.047, respectively, greater than calculated for the outer monolayer of SPMVPL. Selective quenching of DPH by trinitrophenyl groups was also utilized to examine the effects of n-alkanols on the individual monolayer structure of SPMVPL. n-Alkanols fluidized the hydrocarbon region of bulk SPMVPL and the potencies of n-alkanols up to 1-nonanon increased with carbon chain length. It appears that the potencies in bilayer fluidization increase by 1 order of magnitude as the carbon chain length increases by two carbon atoms. The cut-off phenomenon was reached at 1-decanol, where further increase in hydrocarbon length resulted in a decrease in pharmacological activity. The n-alkanols had greater fluidizing effects on the outer monolayer as compared to the inner monolayer of SPMVPL, even though these selective effects tended to become weaker as the carbon chain length increased. Thus, it has been proven that n-alkanols exhibit selective rather than nonselective fludizing effects within transbilayer domains of SPMVPL.

• The Bulletin of The Korean Astronomical Society
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• v.46 no.2
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• pp.37.1-37.1
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• 2021

Observations suggest the star formation in nuclear rings of barred galaxies proceeds episodically in time and sometimes asymmetrically in space. Existing theories and numerical simulations suggest that the episodic star formation is perhaps due to either supernova feedback combined with fluid instabilities or time-varying mass inflow rate. However, it has been challenging to discern what dominates in shaping the star formation history because the effects of the inflow and feedback are blended in global simulations of nuclear rings. To understand their effects separately, we construct semi-global models of nuclear rings, which treat the mass inflow rate as a model parameter. By running simulations with the inflow rates kept constant or oscillating in time, we find that the star formation rate (SFR) of the rings varies coherently with the inflow rate, while the feedback is responsible only for stochastic fluctuations of the SFR within a factor of two. The feedback instead plays an important role in maintaining the vertical dynamical equilibrium and setting the depletion time. While the asymmetry in the inflow does not necessarily lead to the asymmetry in the star formation, we find that the rings undergo a transient period of lopsided star formation when the inflow rate of only one dust lane is suddenly increased.

• Physical Therapy Korea
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• v.28 no.1
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• pp.77-83
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• 2021

Background: Although symmetry of spatio-temporal parameter and center of pressure (COP) shift during walking is associated with knee adduction moment, research on clinical association with knee osteoarthritis (OA)-related knee pain and functional scores is lacking. Objects: The aims were 1) to compare symmetry of gait parameters and COP-shift in patients with unilateral knee OA and pain and matched controls, and 2) to investigate the relationship between symmetry of gait parameters and COP-shift, and clinical measures. Methods: Female subjects (n = 16) had with unilateral radiological knee OA and pain. Healthy controls (n = 15) were age-matched to OA group. Symmetry of foot rotation, step length, stance and swing phase, lateral symmetry of COP and anterior/posterior symmetry of COP during walking was assessed. To assess the clinical variables, pain intensity, pain duration and function using Knee Osteoarthritis Outcome Survey (KOOS) subscales were collected. We compared symmetry between groups using Mann-Whitney U-test or independent t-test. Relationships between clinical measures and symmetry index measured using Spearman's correlation test. Statistical significance was set at α = 0.05. Results: Knee OA group showed significantly greater values of only lateral symmetry of COP (p < 0.01) than healthy group. Values of lateral symmetry of COP had moderate or strong correlation significantly with the intensity of knee pain, pain duration, and scores of all KOOS subscales (p < 0.01). Conclusion: Patients with unilateral knee OA and pain showed more asymmetry of lateral COP-shift during walking compared with matched healthy controls. In addition, larger asymmetry of lateral COP-shift has the moderate or strong association with worse of knee pain, worse in KOOS scores and longer duration of knee pain. Asymmetry of lateral COP-shift during walking may be one of the characteristics of unilateral knee OA as the compensatory strategy response to unilateral OA of the knee.

• The Bulletin of The Korean Astronomical Society
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• v.37 no.2
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• pp.132.2-132.2
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• 2012

We have investigated the characteristics of magnetic cloud (MC) and ejecta (EJ) associated coronal mass ejections (CMEs) based on the assumption that all CMEs have a flux rope structure. For this, we used 54 CMEs and their interplanetary counter parts (interplanetary CMEs: ICMEs) that constitute the list of events used by the NASA/LWS Coordinated Data Analysis Workshop (CDAW) on CME flux ropes. We considered the location, angular width, and speed as well as the direction parameter, D. The direction parameter quantifies the degree of asymmetry of the CME shape, and shows how closely the CME propagation is directed to Earth. For the 54 CDAW events, we found several properties of the CMEs as follows: (1) the average value of D for the 23 MCs (0.62) is larger than that for the 31 EJs (0.49), which indicates that the MC-associated CMEs propagate more directly to the Earth than the EJ-associated CMEs; (2) comparison between the direction parameter and the source location shows that the majority of the MC-associated CMEs are ejected along the radial direction, while many of the EJ-associated CMEs are ejected non-radially; (3) the mean speed of MC-associated CMEs (946 km/s) is faster than that of EJ-associated CMEs (771 km/s). For seven very fast CMEs (>1500 km/s), all CMEs with large D (>0.4) are associated with MCs and the CMEs with small D are associated with EJs. From the statistical analysis of CME parameters, we found the superiority of the direction parameter. Based on these results, we suggest that the CME trajectory essentially decides the observed ICME structure.

• Aerospace Engineering and Technology
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• v.8 no.1
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• pp.58-65
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• 2009

The paper identifies noise characteristics of a nonliner image sensor model which reflects a saturation effect of each detector pixel and extends the result to estimate an image SNR (Signla-to-Noise Ratio) distribution over all the pixels in a detector. In particular, nonlinearity of a pixel is studied from two perspectives of including asymmetry of a noise PDF (Probability Distribution Function) and enhancing a pixel SNR value, in comparison to a linear model. It is noted that the proposed image SNR distribution function is useful to effectively select new optimal operation parameter values: an integration time and an pixel-summing number, even after a launch campaign, assuming sensor gain degradation in orbit or inevitable modification of some operation parameter values due to space contingency.

• Journal of Korea Society of Digital Industry and Information Management
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• v.11 no.1
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• pp.79-88
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• 2015

In this paper, it is investigated that the limitation due to the asymmetry of optical power and chromatic dispersion with respect to optical phase conjugator (OPC) for compensating optical signal distortion in WDM system is overcomed by using OPC position offset and optimal dispersion coefficients of fiber sections, which depend on OPC position offset. It is confirmed that overall WDM channels are efficiently compensated by applying the optimal parameter values obtained from the proposed method into 24 channels ${\times}40$ Gbps WDM system with non zero - dispersion shifted fiber (NZ-DSF) of 1, 000 km, such as power penalties of inter-channel are reduce to almost 3.5 dB from the infinite value. It is also confirmed that the flexible design of WDM system with OPC is possible by using the optimal parameters, in which OPC is placed at ${\pm}15km$ from 500 km for efficiently compensating overall channels. Thus, the methods proposed in this research will be expected to alternate with the method of making a symmetrical distribution of power and local dispersion in real optical link which generates a serious problem if it was not made but it is the condition in the case of applying the OPC into multi-channels WDM system.

• International Journal of Vascular Biomedical Engineering
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• v.1 no.2
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• pp.20-29
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• 2003

A new treatment for coronary artery occlusive disease is being developed in which a shunt or conduit is placed directly connecting the left ventricle with the diseased artery at a point distal to the obstruction. To aid in assessing and optimizing its benefit, a computational model of the cardiovascular system was developed and used to explore various design conditions. Simulation results indicate that in complete LAD occlusion, flow can be returned to approximately 65% of normal if the conduit resistance is equal for forward and reverse flow, increasing to 80% in the limit in which backflow resistance is infinite. Increases in flow rate produced by asymmetric flow resistance are considerably enhanced in the case of a partial LAD obstruction since the primary effect of resistance asymmetry is to prevent leakage back into the ventricle("steal") during diastole. Increased arterial compliance has little effect on net flow with a symmetric shunt, but leads to considerable augmentation when the resistance is asymmetric. These results suggest that an LV-LAD conduit will be beneficial when stenosis resistance(Rst) > 27 PRU if resistance is symmetric.

• Communications for Statistical Applications and Methods
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• v.21 no.4
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• pp.335-347
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• 2014

This paper employs dynamic conditional correlation (DCC) model to examine time-varying comovement in the Korean stock market with a focus on the financial industry. Analyzing the daily returns of KOSPI 200 eight sector indices from January 2008 to December 2013, we find that stock market correlations significantly increased during the GFC period. The Financial Sector had the highest correlation between the Constructions-Machinery Sector; however, the Consumer Discretionary and Consumer Staples sectors indicated a relatively lower correlation between the Financial Sector. In terms of model fitting, the DCC with t distribution model concludes as the best among the four alternatives based on BIC, and the estimated shape parameter of t distribution is less than 10, implicating a strong tail dependence between the sectors. We report little asymmetric effect in correlation dynamics between sectors; however, we find strong asymmetric effect in volatility dynamics for each sector return.