• Korean Journal of Agricultural and Forest Meteorology
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• v.21 no.4
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• pp.221-228
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• 2019

The effects of wind speed on the temperature change during day time could be insignificant in a region with a complex terrain. The objective of this study was to derive empirical relationship between solar radiation and hourly temperature under a windy condition for the period from sunrise to sunset in order to improve hourly air temperature at a site-specific scale. The deviation of the temperature measurements was analyzed along with the changes of the hourly sunlight at weather observation sites located on the east and west slopes under given wind speed. An empirical model where wind speed use used as an independent variable was obtained to quantify the solar effects on the temperature change (MJ/㎡). This model was verified estimating the hourly temperature during the daytime (0600-1900 h) at 25 weather observation sites located in the study area that has complex topography for the period from January to December 2018. The mean error (ME) and root mean square error (RMSE)of the estimated and measured values ranged from -0.98 to 0.67 ℃, and from 0.95 to 2.04 ℃, respectively. The daytime temperature at 1500 h were estimated using new and previous models. It was found that to the model proposed in the present study reduced the measurement errors of the hourly temperature in the afternoon in comparison with the previous model. For example, the ME and RMSE of the previous model were (ME -0.91 ℃ and 1.47 ℃, respectively. In contrast, the values of ME and RMSE were -0.45 ℃ and 1.22 ℃ for the new model, respectively. Our results suggested that the reliability of hourly temperature estimates at a specific site could be improved taking into account the effect of wind as well as solar radiation.

• Geotechnical Engineering
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• v.10 no.2
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• pp.121-140
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• 1994

This paper presents the probabilistic model to evaluate the three-dimensional stability of layered deposits and c-0 soil slopes. Rotational slides are assumed with a cylindroid control part terminated with plane ends. And the potential failure surfaces in this study are assumed with the logarithmic spiral curve refracted at boundary of layers. This model takes into consideration the spatial variabilities of soil properties and the uncertainties stemming from insufficient number of samples and the discrepancies between laboratory measured and in -situ values of shear strength parameters. From the probabilistic approxi mate method (FOSM and SOSM method), the mean and variance of safety factor are calculated, respectively. And the programs based on above models is developed and a case study is analysed in detail to study the sensitivity of results to variations in different parameters by using the programs developed in this study. On the basis of thin study the following conclusions could be stated : (1) The sensitivity analysis shown that the probability of failure is more sensitive to the uncertainty of the angle of internal friction than that of the cohesion, (2) The total 3-D proability of failure and the critical width of failure are significantly affected by total width of slope. It is found that the total 3-D probability of failure and the critical width of failure increase with increasing the slope width when seismic forces do not exist and the total 3-D probability of failure increases with increasing the slope width and the critical width of failure decreases when seismic intensity is relatively large, (3) A decrease in the safety factor (due to effect such as a rise in the mean ground water level, lower shear strength parameters, lower values for the correction factors, etc.) would result in reduction in the critical width of failure.

• Journal of Korea Port Economic Association
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• v.28 no.3
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• pp.111-125
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• 2012

This study investigates the behavioral characteristic difference of the container volumes of three ports-Gwangyang, Incheon, and Pyeongtaek-Dangjin. All series span the period January 2003 to December 2011. I first test whether the series are stationary or not. I can reject the null hypothesis of a unit root in each of the level variables and of a unit root for the residuals from the cointegration at the 5 percent significance level. I hitherto make use of error-correction model and find that Gwangyang port is the slowest in adjusting the short-run disequilibrium, whereas the adjustment speed of Incheon is much faster than that of Gwangyang. The impulse response functions indicate that container volumes increase only a little to the negative shocks in exchange rate, while they respond positively to the shocks in the business activity in a great magnitude and decay very slowly to its pre-shock level. meaning that the shocks last very long. The accumulative response to the exchange rate increase of 20 won per dollar and the 5 point industrial production increase is the smallest in Gwangyang, no more than a half of that of two ports. The intervention-ARIMA models also forecast that Gwangyang port will have much lower growth rate than Incheon and Pyeongtaek-Dangjin port in trading volumes.

• The Korean Journal of Financial Management
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• v.7 no.1
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• pp.1-20
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• 1990

In most of studies on market efficiency, the stability of risk measures and the normality of residuals unexplained by the pricing model are presumed. This paper re-examines stock splits, taking the possible violation of two assumptions into accounts. The results does not change the previous studies. But, the size of excess returns during the 2-week period before announcements decreases by 43%. The results also support that betas change around announcements and the serial autocorrelation of residuals is caused by events. Based on the results, the existing excess returns are most likely explained as a compensation to old shareholders for unwanted risk increases in their portfolio, or by uses of incorrect betas in testing models. In addition, the model suggested in the paper provides a measure for the speed of adjustment of the market to the new information arrival and the intensity of information contents.

• The Korean Journal of Financial Management
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• v.26 no.2
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• pp.155-180
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• 2009

This study is to estimate and compare hedging effectiveness in emerging currency and advanced currency futures markets. Emerging currency futures includes Korea won, Mexico peso, and Brazil real and advanced currency futures is Europe euro, British pound, and Japan yen. Hedging effectiveness is measured by comparing hedging performance of the naive hedge model, OLS model, error correction model and constant condintional correlation bivariate GARCH(1, 1) hedge model based on rolling windows. Analysis data is used daily spot and futures rates from January, 2, 2001 to March. 10, 2006. The empirical results are summarized as follows : First, irrespective of hedging period and model, hedging using Korea won/dollar futures reduces spot rate's volatility risk by 97%. Second, Korea won/dollar futures market produces the best hedging performance in emerging and advanced currency futures markets, i.e. Mexico peso, Brazil real, Europe euro, British pound, and Japan yen. Third, there are no difference of hedging effectiveness among hedging models.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.5
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• pp.116-124
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• 2016

In the past, once apartments were built by housing construction companies, their presale went smoothly. Therefore, the developer and construction companies in Korea were extremely competitive in the housing market. However, when the 1997 foreign exchange crisis and 2008 global financial crisis occurred, the quantity of unsold new housing stocks rapidly increased, which caused construction companies to experience a serious liquidity crisis. This paper aims at analyzing the influence of Liquidity on the Housing Market before and after Macroeconomic Fluctuations using VECM. The periods from September 2001 to September 2008 and from October 2008 to October 2015, which were before and after the Subprime financial crisis, were set as Models 1 and 2, respectively. The results are as follows. First, it is important to develop a long-term policy for the housing transaction market to improve household incomes. Second, due to the shortage in the supply of jeonse housing, structural changes in the housing market have appeared. Thus, it is necessary to seek political measures to minimize the impact of transitional changes on the market.

• Earthquakes and Structures
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• v.12 no.4
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• pp.397-407
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• 2017

To estimate the structural seismic demand, some methods are based on an equivalent linear system such as the Capacity Spectrum Method, the N2 method and the Equivalent Linearization method. Another category, widely investigated, is based on displacement correction such as the Displacement Coefficient Method and the Coefficient Method. Its basic concept consists in converting the elastic linear displacement of an equivalent Single Degree of Freedom system (SDOF) into a corresponding inelastic displacement. It relies on adequate modifying or reduction coefficient such as the inelastic deformation ratio which is usually developed for systems with known ductility factors ($C_{\mu}$) and ($C_R$) for known yield-strength reduction factor. The present paper proposes a rational approach which estimates this inelastic deformation ratio for SDOF bilinear systems by rigorous nonlinear analysis. It proposes a new inelastic deformation ratio which unifies and combines both $C_{\mu}$ and $C_R$ effects. It is defined by the ratio between the inelastic and elastic maximum lateral displacement demands. Three options are investigated in order to express the inelastic response spectra in terms of: ductility demand, yield strength reduction factor, and inelastic deformation ratio which depends on the period, the post-to-preyield stiffness ratio, the yield strength and the peak ground acceleration. This new inelastic deformation ratio ($C_{\eta}$) is describes the response spectra and is related to the capacity curve (pushover curve): normalized yield strength coefficient (${\eta}$), post-to-preyield stiffness ratio (${\alpha}$), natural period (T), peak ductility factor (${\mu}$), and the yield strength reduction factor ($R_y$). For illustrative purposes, instantaneous ductility demand and yield strength reduction factor for a SDOF system subject to various recorded motions (El-Centro 1940 (N/S), Boumerdes: Algeria 2003). The method accuracy is investigated and compared to classical formulations, for various hysteretic models and values of the normalized yield strength coefficient (${\eta}$), post-to-preyield stiffness ratio (${\alpha}$), and natural period (T). Though the ductility demand and yield strength reduction factor differ greatly for some given T and ${\eta}$ ranges, they remain take close when ${\eta}>1$, whereas they are equal to 1 for periods $T{\geq}1s$.

• Korean Journal of Remote Sensing
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• v.16 no.3
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• pp.243-260
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• 2000

Ocean remote sensing reflectance of just above water level was modeled using inherent optical properties of seawater contents, total absorption (a) and backscattering(bb) coefficients ($R_{rs}$=0.046 $b_b$/(a+$b_b$). This modeling was based on the specific absorption and backscattering coefficients of 5 optically active seawater components； phytoplankton pigments, non-chlorophyllous suspended particles, dissolved organic matters, heterotrophic microorganisms, and the other unknown particle components. Simulated remote sensing reflectance($R_{rs}$) and water leaving radiance(Lw) spectra were well agreed with in-situ measurements obtained using a bi-directional fields remote spectrometer in coastal waters and open ocean. $R_{rs}$ values in SeaWiFS bands from the model were analyzed to develop 2-band ratio ocean color chlorophyll with those observed insitu. Also, chlorophyll algorithm based on remote reflectance developed in this study fell in those obtained by a SeaBAM working group. The model algorithms were examined and compared with those observed insitu. Also, chlorophyll algorithm based on remote reflectance developed in this study fell in those obtained by a SeaBAM working group. The remote reflectance model will be very helpful to understand the variation of water leaving radiances caused by the various components in the seawater, and to develop new ocean color algorithm for CASE-II water using neural network method or other analytical method, and in the model of fine atmospheric signal correction.

• Korean Journal of Remote Sensing
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• v.15 no.3
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• pp.227-238
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• 1999

In advance of launch, simulated radiances of the Ocean Scanning Multispectral Imager (OSMI) will be very useful to guess the real imagery of OSMI and to prepare for data processing of OSMI. The data processing system for OSMI which is one of sensors aboard Korea Multi-Purpose Satellite (KOMPSAT) scheduled for launch in 1999 is developed based on the SeaWiFS Data Analysis System (SeaDAS). Simulation of radiances requires information on the spectral band, orbital and scanning characteristics of the OSMI and KOMPSAT spacecraft. This paper also describes a method to create simulated radiances of the OSMI over the oceans. Our method for constructing a simulated OSMI imagery is to propagate a KOMPSAT orbit over a field of Coastal Zone Color Scanner (CZCS) pigment concentrations and to use the values and atmospheric components for calculation of total radiances. A modified Brouwer-Lyddane model with drag was used for the realistic orbit prediction, the CZCS pigment concentrations were used to compute water-leaving radiances, and a variety of radiative transfer models were used to calculate atmospheric contributions to total radiances detected by OSMI. Imagery of the simulated OSMI radiances for 412, 443, 490, 555, 765, 865nm was obtained. As expected, water-leaving radiances were only a small fraction (below 10%) of total radiances and sun glint contaminations were observed near the solar declination. Therefore, atmospheric correction is critical in the calculation of pigment concentration from total radiances. Because the imagery near the sun's glitter pattern is virtually useless and must be discarded, more advanced data collection planning will be required to succeed in the mission of OSMI which is consistent monitoring of global oceans during three year mission lifetime.

• Korean Journal of Remote Sensing
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• v.37 no.5_1
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• pp.1215-1227
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• 2021

Surface reflectance, as a product of the absolute atmospheric correction process of low-orbit satellite imagery, is the basic data required for accurate vegetation analysis. The Commission on Earth Observation Satellite (CEOS) has conducted research and guidance to produce analysis-ready data (ARD) on surface reflectance products for immediate use by users. However, this trend is still in the early stages of research dealing with ARD for high-resolution multispectral images such as KOMPSAT-3A and CAS-500, as it targets medium- to low-resolution satellite images. This study first summarizes the types of distribution of ARD data according to existing cases. The link between Open Data Cube (ODC), the cloud-based satellite image application platforms, and ARD data was also explained. As a result, we present practical ARD deployment steps for high-resolution satellite images and several types of application models in the conceptual level for high-resolution satellite images deployed in ODC and cloud environments. In addition, data pricing policies, accuracy quality issue, platform applicability, cloud environment issues, and international cooperation regarding the proposed implementation and application model were discussed. International organizations related to Earth observation satellites, such as Group on Earth Observations (GEO) and Committee on Earth Observation Satellites (CEOS), are continuing to develop system technologies and standards for the spread of ARD and ODC, and these achievements are expanding to the private sector. Therefore, a satellite-holder country looking for worldwide markets for satellite images must develop a strategy to respond to this international trend.