• 제목/요약/키워드: cumulative impact

검색결과 184건 처리시간 0.02초

Residual seismic performance of steel bridges under earthquake sequence

  • Tang, Zhanzhan;Xie, Xu;Wang, Tong
    • Earthquakes and Structures
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    • 제11권4호
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    • pp.649-664
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    • 2016
  • A seismic damaged bridge may be hit again by a strong aftershock or another earthquake in a short interval before the repair work has been done. However, discussions about the impact of the unrepaired damages on the residual earthquake resistance of a steel bridge are very scarce at present. In this paper, nonlinear time-history analysis of a steel arch bridge was performed using multi-scale hybrid model. Two strong historical records of main shock-aftershock sequences were taken as the input ground motions during the dynamic analysis. The strain response, local deformation and the accumulation of plasticity of the bridge with and without unrepaired seismic damage were compared. Moreover, the effect of earthquake sequence on crack initiation caused by low-cycle fatigue of the steel bridge was investigated. The results show that seismic damage has little impact on the overall structural displacement response during the aftershock. The residual local deformation, strain response and the cumulative equivalent plastic strain are affected to some extent by the unrepaired damage. Low-cycle fatigue of the steel arch bridge is not induced by the earthquake sequences. Damage indexes of low-cycle fatigue predicted based on different theories are not exactly the same.

Quantification of Entire Change of Distributions Based on Normalized Metric Distance for Use in PSAs

  • Han, Seok-Jung;Chun, Moon-Hyun;Tak, Nam-Il
    • Nuclear Engineering and Technology
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    • 제33권3호
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    • pp.270-282
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    • 2001
  • A simple measure of uncertainty importance based on normalized metric distance to quantify the entire change of cumulative distribution functions (CDFs) has been developed for use in probability safety assessments (PSAs). The metric distance measure developed in this study reflects the relative impact of distributional changes of inputs on the change of an output distribution, white most of the existing uncertainty importance measures reflect the magnitude of relative contribution of input uncertainties to the output uncertainty. Normalization is made to make the metric distance measure a dimensionless quantity. The present measure has been evaluated analytically for various analytical distributions to examine its characteristics. To illustrate the applicability and strength of the present measure, two examples are provided. The first example is an application of the present measure to a typical problem of a system fault tree analysis and the second one is for a hypothetical non-linear model. Comparisons of the present result with those obtained by existing uncertainty importance measures show that the metric distance measure is a useful tool to express the measure of uncertainty importance in terms of the relative impact of distributional changes of inputs on the change of an output distribution.

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The Impact of COVID-19 on Stock Price: An Application of Event Study Method in Vietnam

  • PHUONG, Lai Cao Mai
    • The Journal of Asian Finance, Economics and Business
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    • 제8권5호
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    • pp.523-531
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    • 2021
  • Vietnam's Oil and gas industry make a significant contribution to the Gross Domestic Product of Vietnam. The ongoing COVID-19 pandemic has hit every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The purpose of this article is to examine how the COVID-19 pandemic affects the share price of the Vietnam Oil and Gas industry. The event study method applied to Oil and Gas industry index data around three event days includes: (i) The date Vietnam recognized the first patient to be COVID-19 positive was January 23, 2020; (ii) The second outbreak of COVID-19 infection in the community began on March 6, 2020; (iii) The date (30/3/2020) when Vietnam announced the COVID-19 epidemic in the whole territory. This study found that the share price of the Vietnam Oil and Gas industry responded positively after the event (iii) which is manifested by the cumulative abnormal return of CAR (0; 3] = 3.8% and statistically significant at 5 %. In the study, event (ii) has the most negative and strong impact on Oil and Gas stock prices. Events (i) favor negative effects, events (iii) favor positive effects, but abnormal return change sign quickly from positive to negative after the event date and statistically significant shows the change on investors' psychology.

Does a Firm's IPO Affect Other Firms in the Same Conglomerate?

  • Bhadra, Madhusmita;Kim, Doyeon
    • 아태비즈니스연구
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    • 제12권3호
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    • pp.37-50
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    • 2021
  • Purpose - This study aimed to examine the behavior surrounding the Initial Public Offering (IPO) event of firms within the same conglomerate and the impact of under-pricing and Return on Equity(ROE) on a firm's abnormal stock returns. Design/methodology - This study collected data from 166 South Korean Chaebols, consisting of 355 firms distributed as 202 listed on Korea Composite Stock Price Index (KOSPI) and 153 firms listed on Korean Securities Dealers Automated Quotations (KOSDAQ) from 2000 to 2020. The Capital Asset Pricing Model (CAPM) and the multiple regression analysis were hired to analyze the data. Findings - First, we found an adverse price reaction of IPO listing in the same chaebol group, and firms with higher under-pricing affect other firms' stock prices more adversely within the conglomerate. Next, we explored a negatively significant relation between ROE and the chaebol firms' stock returns during IPO events. Research implications - The novelty of this study is there are not many empirical studies on the impact of IPO within a conglomerate. So, the findings of this study contribute to the literature for analyzing stock's abnormal returns within a conglomerate.

Effect of plastic film rain shelter installation in Asian pear orchards on frost and freeze damage and fruit quality

  • Hyeong-Seok Lee;Yu-Rim Kim;Young-Jik Ahn;Ho-Seok Son;Jong-Pil Chun
    • 농업과학연구
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    • 제50권3호
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    • pp.539-547
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    • 2023
  • This study evaluated the impact of rain shelters made of plastic film on spring frost damage and fruit quality in Asian pears ('Niitaka') over two years. In 2021, during the coldest spring days (between 0:00 am and 7:00 am), temperatures dropped to -1.20 - 0.43℃ at 120 cm and -1.33 - 0.57℃ at 200 cm above ground level in the control. Conversely, the rain shelter treatment maintained higher temperatures, -0.40 - 0.87℃ at 120 cm and -0.43 - 0.77℃ at 200 cm. Flower damage was significantly lower in the rain-sheltered group, with incidences of 1.3 and 6.9% at 120 and 200 cm, respectively, compared with 18.1 and 22.6% in the control group. Visual observations verified the prevention of frost adhesion on flower organs in the sheltered group, compared with noticeable pistil death and petal browning in the control group. In 2022, when temperatures remained above 0℃, fruitlet stalk length was 5 - 6 mm longer in the sheltered group. The cumulative impact of rain shelters was evident in the improved fruit quality over the two years. This study suggests resilient cultivation strategies in the face of climate change to reduce frost damage, increase productivity, improve fruit quality, and potentially increase incomes of the farmers.

A Numerical Study on the Triboelectrostatic Separation of PVC Materials From Mixed Plastics for Waste Plastic Recycling

  • Ha, Man-Yeong;Jeon, Chung-Hwan;Park, Doo-Seong;Park, Hae-Jin
    • Journal of Mechanical Science and Technology
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    • 제17권10호
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    • pp.1485-1495
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    • 2003
  • We investigate the triboelectrostatic separation of polyvinylchloride (PVC) from mixed plastics in the laboratory scale triboelectrostatic separation system. The flow and electric fields in the precipitator are obtained from the numerical solution of finite volume method. Using these flow and electric fields, we solved the particle motion equation considering the inertia, drag, gravity and electrostatic forces acted on the particles. The particle trajectories are obtained using a Lagrangian method as a function of different important variables such as Reynolds number, Stokes number, electrostatic force, electric charge and electric field distribution, inclined angle of plane electrodes, particle rebounding, particle charge decay rate after impact on the electrode surface, etc., in order to determine the optimal design conditions. The present predicted results for the cumulative yield represent well the experimental ones.

통신에 있어서 서비스품질 평가방법에 관한 고찰 (Evaluation Methods for Quality of Service in Telecommunications)

  • 안혜숙;조재균;염봉진
    • 산업공학
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    • 제12권4호
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    • pp.496-505
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    • 1999
  • Quality of Service(QoS) is the collective effect of service performances and has a direct impact on customer satisfaction. Although QoS is subjective, network performance parameters contributing to QoS can be measured physically. Therefore overall customer satisfaction for each test condition of the performance parameters is evaluated by asking respondents to indicate his or her opinion on a five-category rating scale i.e., excellent, good, fair, poor, and unsatisfactory. The opinion data resulting from the test can then be used to measure and analyze QoS from the customers' viewpoints. In this papaer, we consider two methods for analyzing the opinion data: MOS method and Cumulative Probability Curve method. The former evaluates an arithmetic mean of the opinion scores which quantify the surveyed opinions of respondents. The latter uses graphical and analytical models which are based on the distribution of the opinions rather than an arithmetic mean. The advantages, disadvantages, and an alternative of each method are discussed, together with future directions of research.

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철도차량 구조물용 연강(SM490A)의 기계적 내한 특성 연구 (A Study on the Low Temperature Mechanical Characteristics of SM490A for the Railroad Vehicle Structure)

  • 강기원;구병춘;유원희;김재훈
    • 한국철도학회논문집
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    • 제9권6호
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    • pp.695-700
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    • 2006
  • This study investigates the effects of the material properties and the fatigue behavior in the SM490A material specimens due to the low-temperature atmosphere. In the fatigue behavior, the low-temperature affects the fatigue life. As the temperature get low, the fatigue limit increase, also As the yield strength and the tensile strength increase, the impact absorbed energy decrease. The difference of fatigue lift represents to normal distribution and it is larger between the room temperature and the low temperature, but in the result of the cumulative density function, the effect of temperature is not too large on it.

e-Business가 기업의 시장 가치에 미치는 영향에 대한 분석 (The Impact of e-Business Announcements on the Market Value of Firms)

  • 이호근;조동환;전지현
    • Asia pacific journal of information systems
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    • 제11권3호
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    • pp.185-208
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    • 2001
  • A growing number of firms are competitively entering into e-business because they see the high potential of e-business growth as an opportunity. The positive expectation of e-business market leads most firms to go into e-business, but it is not clarified what kinds of benefits firms gain through e-business. In this paper, we examine whether firms' economic benefits are related to e-business activities. For this purpose, we employ event study methodology and assess the cumulative abnormal returns for 782 e-business initiatives made by firms listed in Korean capital markets. The well-known "Dot Com Effect" is empirically verified through this study. The results of this study indicate that the e-business potential is highly evaluated in the capital market, and e-business firms are expected to create significant benefits in the future period.

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복합재 헬리콥터 로터 블레이드의 피로 및 손상허용 평가 방안 (Fatigue and Damage Tolerance Evaluation of Composite Helicopter Rotor Blades)

  • 기영중;백승길
    • 항공우주시스템공학회지
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    • 제8권3호
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    • pp.41-46
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    • 2014
  • Fatigue evaluations for the rotor blades of commercial or military rotorcraft have been carried out using the safe life concept since 1950s. Particularly, in the case of a rotor blade made of a composite material, a highly reliable fatigue life could be predicted by evaluation the cumulative damage using combination of fatigue life curve and load spectrum. However, there is a limit in adequately evaluating the strength reducing phenomena caused by damages or defects generated during the manufacturing process or impact damage induced by operational usages, using only the safe life concept. In this study, the fatigue evaluation process based on the damage tolerance concept is described and illustrated by means of successful application to substantiate the retirement time of composite rotor blades.