• Journal of Electrical Engineering and Technology
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• v.6 no.6
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• pp.731-741
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• 2011

Conventional methodologies (empirical, analytical, numerical, hybrid, etc.) for sizing photovoltaic (PV) systems cannot be used when the relevant meteorological data are not available. To overcome this situation, modern methods based on artificial intelligence techniques have been developed for sizing the PV systems. In the present study, the optimum PV/inverter sizing ratio for grid-connected PV systems with orientation due south and inclination angles of $45^{\circ}$ and $60^{\circ}$ in selected Algerian locations was determined in terms of total system output using type-2 fuzzy logic. Because measured data for the locations chosen were not available, a year of synthetic hourly meteorological data for each location generated by the PVSYST software was used in the simulation.

• Korean Management Science Review
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• v.30 no.3
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• pp.1-16
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• 2013

In this paper, we deal with an enhanced index fund strategy by implementing the exchange trade funds (ETFs) within the context of the Black-Litterman approach. The KOSPI200 index ETF is used to build risk-controlled portfolio that tracks the benchmark index, while the proposed Black-Litterman model mitigates estimation errors in incorporating both active investment views and equilibrium views. First, we construct a Black-Litterman model portfolio with the active market perspective based on the momentum strategy. Then, we update the portfolio with the KOSPI200 index ETF by using the equilibrium return ratio and weighted averages, while devising optimization modeling for improving the information ratio (IR) of the portfolio. Finally, we demonstrate the empirical viability of the proposed enhanced index strategies with KOSPI 200 data.

• Journal of Korea Technology Innovation Society
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• v.8 no.1
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• pp.116-134
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• 2005

This paper investigates the relationships between export and firm characteristics, focusing on technology factors. It is based on a longitudinal data covering listed firms in the Korean manufacturing industry. A regression model for the determinant of export/sales ratio including dynamic adjustment process is tested on a cross-section sample of the year 2001. Empirical findings suggest that there is no significant relationship between export/sales ratio and firm's technological level. The hypotheses concerning human capital intensity and physical capital intensity are also rejected. But we found a positive and inversely U-shaped relationship between firm size and export/sales for basic material and capital good industry. As a dynamic aspect, we found that the pattern of export/sales ratio changed unstably over the last decade. Finally, some policy implications are presented.

• Transactions of the Korean Society of Mechanical Engineers
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• v.5 no.4
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• pp.329-337
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• 1981

Natural convection within inclined high aspect-ratio rectangular cavity was analysed by using finite element method. For a cavity of sapect-ratio 20, the flow patterns of secondary vortices and the heat transfer characteristics on the wall were obtained with the variation of tilt angle as well as Ra and Pr. The observation on the governing equations shows that the increase of Ra/Pr and the existence of nonzero tilt angle make the flow pattern more complicated and so it becomes difficult to obtain converging solution. The max. value of Ra/Pr attained in this study was 3x10$\^$4/at 0$\^$0/ tilt angle and 1.1x10$\^$4/ at 45.deg. tilt angle for aspect ratio 20and Pr=0.7. Finally an empirical formula for Nusselt number which can accout for the effect of tilt angle is obtained for laminar flow regime.

• Proceedings of the Korean Geotechical Society Conference
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• 2008.03a
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• pp.979-986
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• 2008

In this study, it enforced DMT test, CPTu test, laboratory consolidation test, because it estimated stress history of Gwangyang port marine clay. Through DMT test obtained Horizontal stress index($K_D$), predicted overconsolidation ratio by $K_D$. To compare empirical equation with laboratory consolidation test and CPTu test calculated OCR examined application. The result, Powell & Uglow(1988) method underestimated OCR value in comparison with Suggestion. Comparatively Byeon wi yong(2004) and Chang(1991) method seem to exactly predict in-situ stress states. Sugawara(1988) method of CPTu test seems to underestimate OCR.

• Journal of the Korean Data and Information Science Society
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• v.18 no.1
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• pp.31-40
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• 2007

Many previous researchers tried to analysis relationship between financial index of hospitals such as revenue, expenses, and profit and hospital outcome such as number of inpatient and outpatient or, between that financial index and hospital size including number of hospital beds. However, these studies did not find exact relationship between financial index and hospital efficiency and productivity. Therefore, purpose of the study explores exact relationship between hospital financial outcome and hospital efficiency and productivity using adjusted inpatient days concept from American Hospital Association. Through the empirical analysis, the researchers find that hospital profit has the U-shape quadratic function to operation ratio. 66.9% of operation ratio is changing point and hospitals with 55.8% through 75.0% of operation ration have experience deficit situation. Considering the hospital circumstance, Korean hospitals would be to maintain general hospital type with various specialty departments.

• Proceedings of the KSME Conference
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• 2002.08a
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• pp.233-236
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• 2002

The high-pressurized spray nozzle is used f3r special washing and cutting with strong impact force. The performance of this nozzle, which focused on spray penetration and radial dispersion, was mainly investigated to maximize the momentum and minimize the flow loss. Hence, our experimental research was conducted by changing the aspect ratio ranging from 0 to 3 with nozzle outlet of 1.1. The spray trajectory far high-pressurized water was experimentally investigated using PDPA diagnostics, which was available at spray downstream region. As the spray at upstream near the nozzle exit did not show the improved disintegration. The results showed empirical correlation with regard to non-dimensional axial velocity distribution, spray penetration, and radial spreading rate with photographic visualization.

• Communications for Statistical Applications and Methods
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• v.18 no.1
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• pp.111-118
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• 2011

This paper suggests a ratio-cum product estimator of a finite population mean using information on the coefficient of variation and the fcoefficient of kurtosis of auxiliary variate in stratified random sampling. Bias and MSE expressions of the suggested estimator are derived up to the first degree of approximation. The suggested estimator has been compared with the combined ratio estimator and several other estimators considered by Kadilar and Cingi (2003). In addition, an empirical study is also provided in support of theoretical findings.

• Journal of Korean Institute of Industrial Engineers
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• v.43 no.1
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• pp.30-38
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• 2017

Contingent convertible (Coco) bonds have been issued in 2009 after financial crisis for improvement of capital structure in international banks. With more focuses on coco bonds in financial market, academic fields have paid attention to the instrument for optimal structure for issuers and rational pricing methodologies. However, there is a crucial discrepancy in prevailing pricing model and their target subjects. Though most of the coco bonds have been issued based on accounting triggers, many of existing models are based on market prices and therefore exhibit limitations in practical use. In this paper, a more practical pricing method for accounting triggered coco bonds is proposed using stochastic equity ratio process. Empirical results tested on coco bond issued by JB financial group supported the proposed approach with favorable performance in tracking actual market prices.

• Communications for Statistical Applications and Methods
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• v.25 no.4
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• pp.329-339
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• 2018

In this study, we propose tests for equality of several variances with the normality assumption. First of all, we propose the likelihood ratio test by applying the permutation principle. Then by using the p-values for the pairwise tests between variances and combination functions, we propose combination tests. We apply the permutation principle to obtain the overall p-values. Also we review the well- known test statistics for the completion of our discussion and modify a statistic with the p-values. Then we illustrate proposed tests by numerical and simulated data and compare their efficiency with the reviewed ones through a simulation study by obtaining empirical p-values. Finally, we discuss some interesting features related to the resampling methods and tests for equality among several variances.