• Journal of Navigation and Port Research
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• v.44 no.5
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• pp.414-422
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• 2020

In this study, an empirical analysis of 55 ship finance cases executed by a specific ship finance bank from 2009 to 2016 during the recession period was conducted. The purpose of this study was to find the factors affecting changes in the debt performance of Korean shipping companies. The main factors were the loan nature (investment purpose, loan-to-value (LTV), syndicated loans, loan terms, put-option, balloon, and spread), financial nature (total assets turnover, net profit-to-sales ratio, debt ratio, quick ratio, total borrowing, bonds payable to total assets, interest expenses-to-sales ratio, debt service coverage ratio (DSCR), and total assets), and the company nature (company age, chief executive officer's (CEO's) shares, and listing status). In this study, the factors affecting the debt repayment capability of domestic shipping companies (loan nature, financial nature, and company nature) were verified. The credit rating was used to measure the dependent variable, debt repayment ability. The variables of investment purpose, put-option, balloon, and spread in the loan nature, debt ratio in the financial nature, and the CEO's shares and company age in the company nature were found to be significant.

• Journal of ILASS-Korea
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• v.4 no.2
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• pp.47-52
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• 1999

The prediction of the critical Reynolds number in the stability curie of liquid jet was mainly analyzed by the empirical correlations and the experimental data through the literature. The factors affecting the critical Reynolds number include Ohnesorge number, nozzle length-diameter ratio, ambient pressure and nozzle inlet type. The nozzle inlet type was divided into two groups according to the dependence of the critical Reynolds number on the length-to-diameter ratio of nozzle. The empirical correlations for the critical Reynolds number as a function of above factors mentioned are newly proposed.

• Communications for Statistical Applications and Methods
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• v.19 no.5
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• pp.663-671
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• 2012

In the present study, a combined ratio cum regression estimator is proposed to estimate the population mean of the study variable in the presence of a non-response using an auxiliary variable under double sampling. The expressions of bias and mean squared error(MSE) based on the proposed estimator is derived under double (or two stage) sampling to the first degree of approximation. Some estimators are also derived from the proposed class by allocating the suitable values of constants used. A comparison of the proposed estimator with the usual unbiased estimator and other derived estimators is carried out. An empirical study is carried out to demonstrate the performance of the suggested estimator and of others; it is endow that the empirical results backing the theoretical study.

• Management & Information Systems Review
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• v.22
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• pp.1-23
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• 2007

This paper investigates the relationships between exports, firm size, and firm dynamics. It is based on a longitudinal data covering listed firms in the Korean manufacturing industry. We found the stylized fact that the probability that a firm is exporter increases with firm size. A regression model for the determinant of export/sales ratio including dynamic adjustment process is tested on a cross-section sample for the year 2001. Empirical findings suggest that there is a positive and inversely U-shaped relationship between firm size and export/sales ratio, just for basic material and capital good industry. Except for firm size, the hypotheses concerning human capital intensity, physical capital intensity, R&D intensity, and patent are rejected. Using Granger causality test, we found that the rate of growth of total sales influences the change of the export/sales ratio with time lag for medium-sized firms. Finally, some policy implications are presented.

• Current Optics and Photonics
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• v.2 no.5
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• pp.413-421
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• 2018

We propose a novel methodology based on the multiplication function to improve the signal-to-noise ratio (SNR) for vibration detection in a phi optical time-domain reflectometer system (phi-OTDR). The extreme-mean complementary empirical mode decomposition (ECEMD) is designed to break down the original signal into a set of inherent mode functions (IMFs). The multiplication function in terms of selected IMFs is used to determine a vibration's position. By this method, the SNR of a phi-OTDR system is enhanced by several orders of magnitude. Simulations and experiments applying the method to real data prove the validity of the proposed approach.

• Geomechanics and Engineering
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• v.20 no.5
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• pp.371-384
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• 2020

A settlement prediction method based on shear wave velocity measurements and soil nonlinearity was recently developed and verified by means of centrifuge tests. However, the method was only applicable to heavily overconsolidated soil deposits under enlarged yield surfaces. In this study, the settlement evaluation method was refined to consider the stress history of the sublayer, based on an overconsolidation ratio evaluation technique, and thereby incorporate irrecoverable plastic deformation in the settlement calculation. A relationship between the small-strain shear modulus and overconsolidation ratio, which can be determined from laboratory tests, was adopted to describe the stress history of the subsurface. Based on the overconsolidation ratio determined, the value of an empirical coefficient that reflects the effect of plastic deformation over the elastic region is determined by comparing the overconsolidation ratio with the stress increment transmitted by the surface design load. The refined method that incorporate this empirical coefficient was successfully validated by means of centrifuge tests, even under normally consolidated loading conditions.

• The Journal of Fisheries Business Administration
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• v.34 no.1
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• pp.31-44
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• 2003

The purpose of this study is to investigate empirically interaction among the financing decision, investment decision, and profitability by using 41 fisheries corporations in Korea, and to suggest implications of the empirical results for government's financial policy for fisheries corporations. Sample period is 19 years from 1982 till 2000. This analysis method employs the two stage least squares(2SLS) estimation method. From the results of regression analysis by 2SLS estimation method, the adjusted $R^2$ values were high and the overall F values indicated significant. The empirical results of this study are as follows; (1) determinant factors of capital structure model for fisheries are profitability, firm-size, fisheries investment of total asset, and business risk. As pecking order theory explains, the higher is profitability the lower is debt ratio. The larger firm-size, the higher is debt ratio. The higher is fisheries investment of total asset and business risk, the higher is debt ratio. (2) determinant factors of investment model for fisheries are the change of sales, business risk, and debt ratio. These factors have positive relation to fisheries investment of total asset (3) determinant factors of profitability model for fisheries are fisheries investment of total asset and debt ratio. These factors have negative relation to profitability. On the basis of analysis results, on the government's financial policy for fisheries corporations, I suggests that with interest rate reduction, the government should lend more funds to solve the crisis in the financial structure of the fisheries firms

• Journal of Korean Society of Transportation
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• v.24 no.4 s.90
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• pp.31-42
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• 2006

The purpose of this study is to compare the effectiveness of road safety features by spatial scope Spot & Section-based safety Improvement project. Empirical data was collected from black-spot study of Jeonbuk and "Traffic Safety Improvement Project on National Highway 17". Evaluation model of effectiveness was developed by using Empirical Bayes (EB) method. And Relative Effectiveness was measured by Odds Ratio. The result indicates that Section-based safety improvement was $7.09{\sim}77.27%$ more effective than the spot-based. It means that section-based improvement projects should be expanded while considering the characteristics of the section in spot based improvement.

• Journal of Korea Water Resources Association
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• v.54 no.12
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• pp.1305-1316
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• 2021

In this study, a new empirical formula for 2D transverse dispersion coefficient was developed using the results of previous tracer test studies, and the performance of the formula was evaluated. Since many tracer test studies have been conducted under the conditions where the width-to-depth ratio is less than 50, the existing empirical formulas developed using these imbalanced tracer test results have limitations in applying to rivers with a width-to-depth ratio greater than 50. Therefore, in order to develop an empirical formula for transverse dispersion coefficient using the imbalanced tracer test data, the Synthetic Minority Oversampling TEchnique (SMOTE) was used to oversample new data representing the properties of the existing tracer test data. The hydraulic data and the transverse dispersion coefficients in conditions of width-to-depth ratio greater than 50 were oversampled using the SMOTE. The reliability of the oversampled data was evaluated using the ROC (Receiver Operating Characteristic) curve. The empirical formula of transverse dispersion coefficient was developed including the oversampled data, and the performance of the results were compared with the empirical formulas suggested in previous studies using R². From the comparison results, the value of R² was 0.81 for the range of W/H < 50 and 0.92 for 50 < W/H, which were improved accuracy compared to the previous studies.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.37 no.6
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• pp.989-999
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• 2017

In this study, hydraulic experimental studies were conducted to estimate the empirical formulas of loss coefficient, which is necessary to calculate the energy loss occurred in the dividing channel junction of sewer system. The experimental apparatus was consisted of two outflow conduit with a $90^{\circ}$ angle to the inlet conduit, and the pressure and velocity heads are measured to analyze the energy losses in the branch. The measurements of the hydraulic grade line show that the hydraulic grade line was steeply descended at the dividing point due to the head loss, and the decreasing amount of velocity head increased with the increase of flowrate ratio. The head loss exponentially increased in the outlet with larger runoff as the increase of flowrate ratio and Froude number, and the head loss coefficient also increased. On the other hands, the head loss coefficients decreased in the outlet with smaller runoff as the increase of the flowrate ratio and Froude number. Using the experimental results, the empirical formulas of loss coefficient was suggested for each outlet, and the error of empirical formula was 3.91 and 5.19%, respectively. Furthermore, the total head loss coefficient calculated by the two empirical formulas was compared with the experimental results, and the error was 3.62%.