• Title/Summary/Keyword: empirical ratio

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Decomposition and Super-efficiency in the Korean Life Insurance Industry Employing DEA

  • Lee, Hyung-Suk;Kim, Ki-Seog
    • International Journal of Contents
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    • v.4 no.3
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    • pp.1-9
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    • 2008
  • The Korean life insurance industry has undergone profound changes, such as the beginning of the variable insurance in July 2001 and the bancassurance enforcement in August 2003. However, little empirical research has analyzed data that includes the bancassurance of life insurance companies operating in Korea. In response to this lack of research, this paper applies DEA (data envelopment analysis) models to measure and decompose their efficiency. We discovered that life insurance companies operating in Korea are a little different in their composition ratio of inputs and outputs, due to the increased variety of distribution channels and new products. We provided efficiency scores, return to scale, and reference frequencies. We also decomposed CCR, BCC, and SBM efficiency into scale efficiency and MIX efficiency. So, we try to investigate whether the sources of inefficiency were caused by the inefficient operation of DMU, disadvantageous conditions, the difference of the composition ratio in inputs and outputs with reference sets, or any combination of the above. Most companies in the sample display had either constant or decreasing returns to scale. The efficiency rankings were less consistent among models and efficient DMUs. In response to this problem, we used the super-efficiency model to rank them and then compared the rankings of the DMUs among the various models. It was also concluded that the availability of panel data, rather than cross-sectional data, would greatly improve the validity of the efficiency estimates.

Tensile Strain of Steel Fiber Reinforced Concrete under Fatigue Load (피로하중을 받는 강섬유보강콘크리트의 인장변형에 관한 연구)

  • 장동일;채원규;박철우;민인기
    • Proceedings of the Korea Concrete Institute Conference
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    • 1992.10a
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    • pp.82-87
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    • 1992
  • In this thesis, the fatigue tests were performed on a series of SFRC (steel fiber reinforced concrete)to investigate the flexural tensile behavior of SFRC varying with the steel fiber contents and the steel fiber aspect ratios. Beam specimens of 10$\times$10$\times$60cm are used. the specimen series are classified according to the steel fiber contents varying 0.5. 1.0, 1.5%, and to the steel fiber aspect ratios varying 60, 80, 100. The three point loading system was used in the fatigue tests. The minimum value of repeated loading was fixed at 10.0kgf and maximum value was 75% to static ultimate strength for periodically using concrete strain gages located at the lower end of the mid-span, and the stress-strain curves were drawn for each specimens, respectively. From the tests result, it was found that the larger steel fiber content and the smaller the steel fiber aspect ratio is , the tensile strain of SFRC under fatigue load proportionally increases. By the regression analysis on these results, the empirical formulae to predict the tensile strain of SFRC were suggested. In comparison of the tensile elastic modulus under fatigue load, it was also found that the larger steel fiber content and the smaller steel fiber aspect ratio is , the smaller decreasing rate of the stiffness of SFRC under fatigue load decreased.

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Shear Cracking of Prestressed Girders with High Strength Concrete

  • Labib, Emad L.;Mo, Y.L.;Hsu, Thomas T.C.
    • International Journal of Concrete Structures and Materials
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    • v.7 no.1
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    • pp.71-78
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    • 2013
  • Prestressed concrete (PC) is the predominant material in highway bridge construction. The use of high-strength concrete has gained wide acceptance in the PC industry. The main target in the highway industry is to increase the durability and the life-span of bridges. Cracking of elements is one aspect which affects durability. Recently, nine 7.62 meter long PC I-beams made with different concrete strength were designed according to a simple, semi-empirical equation developed at the University of Houston (UH) (Laskar et al., ACI Journal 107(3): 330-339, 2010). The UH Method is a function of shear span-to-depth ratio (a/d), concrete strength $\sqrt{f^{\prime}_c}$, web area $b_wd$, and amount of transverse steel. Based on testing these girders, the shear cracking strength of girders with different concrete strength and different shear span-to-depth ratio was investigated and compared to the available approaches in current codes such as ACI 318-11 (2011) and AASHTO LRFD Specifications (2010).

Money's Worth Analysis of National Pension : Are Returns on National Pension' Contributions Fair? (국민연금에 대한 수익분석 : 국민연금급여는 과연 보험료에 대한 공평한 수익인가?)

  • Kwon, Mun-Il
    • Korean Journal of Social Welfare
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    • v.41
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    • pp.43-67
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    • 2000
  • The main source in financing the National Pension benefits is the contribution raised from the insured's earnings. So, Most of the insured take a great interest in the questions of what return on the payment of contribution National Pension benefits provide and whether there be the difference in return according to earnings level. The Purpose of this study is to assess money's worth of National Pension and to answer the above questions. There are two basic types of money worth analysis, empirical and hopothetical. This study basically belongs to the former in terms that it is based on actual earnings and insured term. For performing money's worth analysis, four different measures which are referred as the "break-even period", the "benefit/tax ratio", the "net lifetime transfer", the "internal rate of return" are used and they all involve the way in which the relationship between the present value of contributions and the present values of benefit is present. The results which evaluate average money's worth of accrued rights before 1999 are le as follows. Break-even period is about 43 months, benefit/tax ratio being 4.9, net lifetime transfers being about 37 mil1ion won, internal rate of return being 33.2%. This verifies that money' worth of National Pension is much higher than actuarially fair. In the mean while, money' worth is proved to be very different according to earnings level. The progressivity relationship between earnings level and rate of return is found in all measures but net lifetime transfer.

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Dose Calculation of Photon Beam with Wedge Filter for Radiation Therapy Planning System

  • Cheong, Kwang-Ho;Suh, Tae-Suk;Lee, Hyoung-Koo;Choe, Bo-Young
    • Proceedings of the Korean Society of Medical Physics Conference
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    • 2003.09a
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    • pp.41-41
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    • 2003
  • Purpose: Even if the wedge filter is widely used for the radiation therapy to modify the photon beam intensity, the wedged photon beam dose calculation is not so easy. Radiation therapy planning systems (RTPS) have been used the empirical or semi-analytical methods such as attenuation method using wedge filter parameters or wedge filter factor obtained from measurement. However, these methods can cause serious error in penumbra region as well as in edge region. In this study, we propose the dose calculation algorithm for wedged field to minimize the error especially in the outer beam region. Materials and Method: Modified intensity by wedge filter was calculated using tissue-maximum ratio (TMR) and scatter-maximum ratio (SMR) of wedged field. Profiles of wedged and non-wedged direction was also used. The result of new dose calculation was compared with measurement and the result from attenuation method. Results: Proposed algorithm showed the good agreement with measurement in the high dose-gradient region as well as in the inner beam region. The error was decreased comparing to attenuation method. Conclusion: Although necessary beam data for the RTPS commissioning was increased, new algorithm would guarantee the improved dose calculation accuracy for wedged field. In future, this algorithm could be adopted in RTPS.

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Experimental investigation on the turbulent elliptic jets by using a 3-D LDV system (3-D LDV 시스템을 이용한 타원제트의 난류특성에 관한 연구)

  • 권영철;이상준
    • Transactions of the Korean Society of Mechanical Engineers
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    • v.15 no.6
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    • pp.2160-2170
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    • 1991
  • Three-dimensional turbulent structures in the near field of elliptic jet were experimentally investigated by using a three-color, three-component Laser Doppler Velocimeter. The Reynolds number based on the nozzle exit velocity and nozzle equivalent diameter(De) was about 4*10$^{4}$. The turbulent characteristics of a sharp-edged elliptic nozzle with aspect ratio of 2 were analyzed along major and minor axis at X/De=2,3,5,7 and along the centerline up to X/De=14. Quantities measured at each point with the 3-D LDV system were three orthogonal velocity components, turbulent intensity, skewness, flatness, and Reynolds shear stress. The nondimensional mean velocities coincided well with the Schlichting's empirical curve with going downstream. Elliptic jet of AR=2 had two switching points at about X/De=2 and 16. The turbulent intensity along the minor axis was distributed widely than that along the major axis. In the near field, X/De<5, the Reynolds shear stresses of the inner part of the elliptic jet had negative value, which indicated the enhancement of entrainment toward the inner part.

Measurement of the Thermal Conductivity of Alumina/Zinc-Oxide/Titanium-Oxide Nanofluids (알루미나/산화아연/이산화티타늄 나노유체의 열전도율 측정)

  • Kim Sang Hyun;Choi Sun Rock;Hong Jonggan;Kim Dongsik
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.29 no.9 s.240
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    • pp.1065-1073
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    • 2005
  • The thermal conductivity of water- and ethylene glycol-based nanofluids containing alumina $(Al_2O_3)$, zinc oxide (ZnO) and titanium dioxide $(TiO_2)$ nanoparticles is measured by varying the particle diameter and volume fraction. The transient hot-wire method using an anodized tantalum wire for electrical insulation is employed for the measurement. The experimental results show that nanofluids have substantially higher thermal conductivities than those of the base fluid and the ratio of thermal conductivity enhancement increases linearly with the volume fraction. It has been found that the ratio of thermal conductivity enhancement increases with decreasing particle size but no empirical or theoretical correlation can explain the particle-size dependence of the thermal conductivity. This work provides, for the first time to our knowledge, a set of consistent experimental data over a wide range of nanofluid conditions and can therefore serve as a basis for developing theoretical models to predict thermal conduction phenomena in nanofluids.

Latent Heat of Water Vapor of Rough Rice, Brown Rice, White Rice and Rice Husk

  • Lee, Hyo-Jae;Kim, Dong-Chul;Kim, Oui-Woung;Han, Jae-Woong;Kim, Woong;Kim, Hoon
    • Journal of Biosystems Engineering
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    • v.36 no.4
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    • pp.267-272
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    • 2011
  • The latent heat of vaporization in rough rice, brown rice, white rice and rice hull was calculated by Clausius-Clapeyron equation, which does not require complex constraints as in Othmer method. Equilibrium relative humidity and ratio of the latent heat of vaporization with ln$P_{\upsilon}$ and ln$P_S$ were estimated with moisture contents ranging from 10% (d.b.) to 36% (d.b.) with 2% (d.b.) increment and temperatures ranging from $10^{\circ}C$ to $50^{\circ}C$ with $2.5^{\circ}C$ increment. An empirical equation for calculating the latent heat of vaporization in rice was developed as a function of moisture content and temperature. The equation agreed well with the calculated results. The ratio for latent heat of vaporization were the greatest for white rice while they were similar among rough rice, brown rice and rice hull.

Effect of Hardness and Substructure on Long-term Creep Behavior of Mod.9Cr-1Mo Steel (개량 9Cr-1Mo 강의 장시간 크리프거동에 미치는 경도와 하부조직의 영향)

  • 박규섭;이근진;정한식;김정호;정영관;엔도타카오
    • Journal of the Korean Society for Precision Engineering
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    • v.21 no.2
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    • pp.168-176
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    • 2004
  • Interrupted creep tests were carried out on the Mod.9Cr-1Mo steel in order to investigate the structural degradation during creep. The ranges of creep stress and temperature were from 71 to 167MPa and 873 to 923k, respectively. The change of hardness and tempered martensitic lath width were measured in the grip and gauge parts of interrupted specimens. The lath structure was thermally stable in static conditions, but was not stable during creep, and the structural evolution was enhanced by creep strain. The relation between the change in lath width and strain was described in the from, $\delta$W= a ($W_s-W_o$)$cdot;varepsilon$, where $\varepsilon$ is the strain, $W_o$is the initial lath width, $W_s$ is the final lath width depending solely on stress, and a is the constant of the magnitude of 0.67 $\mu$m /strain. The change in Victors hardness was expressed by a one-valued function of creep life consumption ratio. Based on the empirical relation between strain and lath width, a model was proposed to explain the relation between change in hardness and creep life consumption ratio. The model revealed that about 65$%$ of dislocations in lath structures were eliminated by the migration of subboundaries.

A Prediction of Shear Strength Using Arch Models in Reinforced Concrete Beams without Web Reinforcement (아치모델을 이용한 복부보강이 안된 철근 콘크리트 보의 전단강도 산정)

  • 김대중
    • Magazine of the Korea Concrete Institute
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    • v.10 no.6
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    • pp.233-240
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    • 1998
  • A rational expression, developed to predict the shear strength of reinforced concrete beams, is derived from the relationship between shear and the rate of change of bending moment along a beam coupled with experimental findings for the arch action. The proposed ultimate shear strength equation, arising from analytical premises and then calibrated with experimental data, is a similar form to the ACI 318 equation derived mainly from empirical approach. The proposed equation depends on the concrete compressive strength, amount of longitudinal steel content, and the shear span-to-depth ratio, and rationally reflects the shear resistance mechanism of combined beam action and arch action in reinforced concrete beams. The proposed equation applied to existing test data and the results were compared with those predicted by the ACI 318 equation and the Zsutty's equation.