• Asian Journal of Business Environment
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• v.5 no.4
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• pp.67-72
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• 2015

Purpose - This aim of this study is to examine how conglomerates in Korea have evolved from the perspective of institutional economics. The growth of the economy, dominated by large conglomerates, is projected in light of the dynamic equilibrium between government and capitalists. Research design, data, and methodology - The historical formation of big business groups is examined in chronological order. For the analysis, we divide the assessment into three different eras: Japanese colonial rule, liberation up to the civil war, and the fast growing period since the military coup. Each period is viewed as a dynamic equilibrium that is shaped by economic agents. Results and Conclusion - Despite the rise of modern commerce during the colonial era, contemporary conglomerates came into being with the "enemy property" allotted by the government. Around the civil war, the government coexisted with prototype conglomerates through foreign aid. As the external aid decreased, the system could not be sustained anymore, thus the military coup took place. The reinstated strong bond between government and the conglomerates has shaped the forms of the modern conglomerates thereafter.

• Journal of agriculture & life science
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• v.46 no.6
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• pp.185-195
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• 2012

The purpose of this paper is to analyze how strategically the bilaterally monopolistic firms, only-one-seller and only-one-buyer, behave in a situation in which each firm has uncertain information on its opponent firm's cost. Even though the two firms know that seeking integrated profit leads to the optimized profit for both firms, each firm has an incentive to opportunistically behave to increase its share of the integrated profit. These opportunistic behaviors of the firms are analyzed through a game theoretic approach especially finding Nash equilibrium mixed strategies for the strategic profiles such as true-report or not and monitoring or not. The comparative statics to the Nash equilibrium mixed strategies shows that as the profit share increases the probability of monitoring an opponent firm is decreased while the probability increases as the size of the overstated production cost increases. This study also shows that high penalty and low monitoring cost lead to high probability to tell the truth of the production cost.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.12 no.1
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• pp.1-11
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• 2000

This study investigates the problem of phase change from liquid to solid in the inviscid stagnation flow. The solution of dimensionless governing equations is determined by the three dimensionless parameters of (temperature ratio/conductivity ratio), Stefan number, and diffusi-vity ratio. The solution at the initial stage of freezing is obtained by expanding it in powers of time, and the final equilibrium state is determined from the steady-state governing equations. The equilibrium state is dependent on (temperature ratio/conductivity ratio), but is independent of Stefan number and diffusivity ratio. The effect of fluid flow on the pure conduction problem can be clearly seen from the solution of the initial stage and the final equilibrium state, and the characteristics of the solidification process for all the dimensionless parameters are elucidated.

• Nonlinear Functional Analysis and Applications
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• v.27 no.1
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• pp.1-22
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• 2022

The purpose of this research is to formulate a new proximal-type algorithm to solve the equilibrium problem in a real Hilbert space. A new algorithm is analogous to the famous two-step extragradient algorithm that was used to solve variational inequalities in the Hilbert spaces previously. The proposed iterative scheme uses a new step size rule based on local bifunction details instead of Lipschitz constants or any line search scheme. The strong convergence theorem for the proposed algorithm is well-proven by letting mild assumptions about the bifunction. Applications of these results are presented to solve the fixed point problems and the variational inequality problems. Finally, we discuss two test problems and computational performance is explicating to show the efficiency and effectiveness of the proposed algorithm.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.2
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• pp.79-87
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• 2005

At present Cournot model is one of the most commonly used theories to analyze the gaming situation in oligopoly market. But there exist several problems to apply this model to electricity market. The representative one is to obtain the inverse demand curve able to be induced from the relationship between market price and demand response. In Cournot model, each player offers their generation quantity to accomplish maximum profit, which is accomplished by reducing their quantity compared with available total capacity. As stated above, to obtain the probable Cournot equilibrium to reflect real market situation, we have to induce the correct demand function first of all. Usually the correlation between price and demand appears on the long-term basis through the statistical data analysis (for example, regression analysis) or by investigating consumer utility functions of several consumer groups classified as residential, industrial, and commercial. However, the elasticity has a tendency to change continuously according to the total market demand size or the level of market price. Therefore it should be updated as trading period passes by. In this paper we propose a method for inducing and updating this price elasticity of demand function for more realistic market equilibrium.

• Journal of Welding and Joining
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• v.16 no.5
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• pp.56-66
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• 1998

During solidification or welding of alloys, the solute redistribution brings out microsegregation. The microsegregation causes the formation of non-equilibrium second phases, shrinkage and porosity degrading mechanical/chemical properties Therefore, it has been required to predict microsegregation quantitatively. To predict the degree of microsegregation, more exact and appropriate computer simulation technique has been actively used during last two decades. To predict the degree of microsegregation in weld metal, an advanced two dimensional model was suggested. In the new model, both primary and secondary arm regions were defined for the analysis region. The growth in the primary arm regina was assumed to be a planar for effective calculation. Especially, for the growth of a secondary arm, a simple and effective mathematical function was established to show the growing pattern, the solute diffusion in the solid phase was calculated by finite difference method (FDM). The solid-liquid interface movement was considered to be in local equilibrium state. The experiments for welding of 310S stainless steel were carried out in order to examined the reasonability and feasibility of this model. The concentration profiles of the solute predicted by this model were compared with those obtained from experimental works.

• Structural Engineering and Mechanics
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• v.20 no.3
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• pp.313-334
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• 2005

The paper presents a new approach for the analysis of slope stability that is based on the numerical solution of a differential equation, which describes the thrust force distribution within the potential sliding mass. It is based on the evaluation of the thrust force value at the endpoint of the slip line. A coupled approximation of the slip and thrust lines is applied. The model is based on subdivision of the sliding mass into slices that are normal to the slip line and the equilibrium differential equation is obtained as the slice width approaches zero. Opposed to common iterative limit equilibrium procedures the present method is straightforward and gives an estimate of slope stability at the value of the safety factor prescribed in advance by standard requirements. Considering the location of the thrust line within the soil mass above the trial slip line eliminates the possible development of a tensile thrust force in the stable and critical states of the slope. The location of the upper boundary point of the thrust line is determined by the equilibrium of the upper triangular slice. The method can be applied to any smooth shape of a slip line, i.e., to a slip line without break points. An approximation of the slip and thrust lines by quadratic parabolas is used in the numerical examples for a series of slopes.

• Journal of Drive and Control
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• v.10 no.2
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• pp.13-22
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• 2013

It is difficult to analytically derive a volumetric displacement formula of gerotor hydraulic pump/motor because geometric shape of rotors is complicated. An analytical method about the volumetric displacement is proposed in this work, which is relatively easy and based upon two physical concepts. The first one is energy conservation between hydraulic energy of the pump/motor and mechanical input/output energy. The second concept is torque equilibrium with respect to inner and outer rotors. The formula about the volumetric displacement is derived for the common case of inner and outer rotors rotate with respect to fixed axes. The formula is verified by comparing another analytical displacement formula, and it is numerically verified by comparing numerical results, which is calculated for geometric specification of a motor. The numerical displacement is calculated through CAD software program and MATLAB program. The proposed analytical formula can be utilized in analysis and design of hydraulic gerotor motors.

• The Journal of Fisheries Business Administration
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• v.40 no.2
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• pp.105-126
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• 2009

This study applies the cointegration theory to analyse the causality of the prices between imported fisheries and domestic fisheries in distribution channel. We've focused on the prices of import, wholesale and retail about the frozen Alaska pollack, hairtail and croaker which take up high portion and are popular among most of the consumers. In process of analysis, the unit root test was adopted to find the stability of time series data prior to the cointegration test. If the time series data was found as stable one in unit root test, we should analyse the VAR model. If unstable, the cointegratioin test was adopeted to find the long-run equilibrium relationship between the data. When the long-run equilibrium relationship was found among the price of the import, wholesale and retail price, the VECM model was adoped. If not, the differenced VAR model was adopted. The main findings of this study could be summarized as follows ; First, according to the result of the analysis on VAR model, time series data of frozen Alaska pollack was found as stable and has causality relationship and close effect was existing among the import, wholesale and retail price. Second, the data of frozen hairtail was found as an unstable one in unit root test and the result of cointegration test showed the long-run equilibrium relationship at lag 1. From the results of VECM model, we could find that the coefficient of error correction is effective, and the sign is negative(-). It means that the existence of adjustment tendency to long-run equilibrium after a short-run deviation. But the short-run causality of the prices were not found except the price of wholesale. Third, according to the results of differenced VAR model, data from frozen croaker did not have the stability and long-run equilibrium. Moreover, it was found that the import price has a weak causality on the retail price. Because of having difficulties in collecting data, the result of this paper could not explain the relationship among the prices of import, wholesale and retail perfectly. However, it more or less contributed to a long-lasted debate on the direction of causality of price-setting in academic research and provided a useful guide for the policy makers in charge of the price-setting of fisheries products as well.

• The Journal of Engineering Geology
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• v.27 no.1
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• pp.31-40
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• 2017

The slope stability analysis by the limit equilibrium method has the disadvantage that it can be applied only when the analysis is performed by setting the critical plane after analyzing the active surface many times and the soil is uniform and only the safety factor can be calculated. However, the analysis using the strength reduction analysis method has advantages that the engineer can judge various aspects and calculate the safety factor. In this study, the safety factor according to the change of slope and shear strength was compared and analyzed using limit equilibrium analysis and strength reduction method. It is suggested that it is desirable to use the strength reduction method which can synthetically review the stress, displacement, and strain in the soil.