• Management & Information Systems Review
• /
• v.28 no.1
• /
• pp.25-44
• /
• 2009

This study examines long term performance of initial public offerings(IPO) after book building was introduced in KOSDAQ market. We use event time portfolio approach and calendar time portfolio approach to test if the performance of IPO is fair or not in long term. We estimate the performance by using the BHAR(buy and hold abnormal return), CAR(cumulative abnormal return), WR(wealth relatives) model in event time portfolio approach. And we calculate the performance by using Fama-French three factor model, CTAR(calendar time abnormal return), RATS(Return Across Time and Securities approach) model in calendar time portfolio approach. This study shows that the long term performance of IPO is positive with statistical significance as the results of the analysis through the various research method and all windows in all kinds of firms and total firms.

• Journal of The Korean Astronomical Society
• /
• v.41 no.2
• /
• pp.17-22
• /
• 2008

We present an analysis of the soft X-ray emission of MRK 841 to investigate its long-term variation. The light variation of MRK 841 for three different energy bands of soft, medium, and hard values were studied. The maximum variability with a factor of 5 for about two years was confirmed at all three different bands. The light curves exhibit a gradual variation of brightness. In addition to a gradual variation, the short- term or micro variation was also confirmed with a factor of about two for all three different bands. The light variation of each band did not exhibit a correlation between them, but the flare event is strongest in the soft band. The hardness ratio for hard and soft bands shows irregular variation but there was no correlation between them. It was confirmed that there is a gradual decrease of the photon index. Results of our analysis are discussed within the framework of the accretion disk phenomenon.

• Journal of Information Technology Applications and Management
• /
• v.29 no.5
• /
• pp.27-37
• /
• 2022

This study intends to link agricultural machine history data with related organizations or collect them through IoT sensors, receive input from agricultural machine users and managers, and analyze them through AI algorithms. Through this, the goal is to track and manage the history data throughout all stages of production, purchase, operation, and disposal of agricultural machinery. First, LSTM (Long Short-Term Memory) is used to estimate oil consumption and recommend maintenance from historical data of agricultural machines such as tractors and combines, and C-LSTM (Convolution Long Short-Term Memory) is used to diagnose and determine failures. Memory) to build a deep learning algorithm. Second, in order to collect historical data of agricultural machinery, IoT sensors including GPS module, gyro sensor, acceleration sensor, and temperature and humidity sensor are attached to agricultural machinery to automatically collect data. Third, event-type data such as agricultural machine production, purchase, and disposal are automatically collected from related organizations to design an interface that can integrate the entire life cycle history data and collect data through this.

• Nuclear Engineering and Technology
• /
• v.28 no.3
• /
• pp.257-264
• /
• 1996

The conventional Equipment Environment Qualification (EEQ) envelope is developed based on the containment responses during the design basis events. The Safety Depressurization System (SDS) design without In-containment Refueling Water Storage Tank (IRWST) adopted in the Ulchin 3&4 challenges the conventional EEQ envelope during long term Feed and Bleed (F&B) operation due to the direct discharge of high mass and energy into the containment. Therefore, it is necessary to confirm that the containment pressure and temperature history during the long term F&B operation does not violate the conventional EEQ envelope. However, this subject has never been quantitatively assessed before. To investigate the success path of long term F&B operation this paper analyzes the thermal hydraulic response of the containment and Reactor Coolant System (RCS) until the completion of depressurization and cooldown of RCS into Shutdown Cooling System (SCS) entry condition. It is found that the SCS entry condition can be reached within 6 hours without violating the EEQ curve by proper operation of SDS valves, High Pressure Safety Injection (HPSI) pumps and active Containment Heat Removal System (CHRS). The suggested strategy not only demonstrates the feasibility of long term F&B operation but also can be utilized in the preparation of Emergency Procedure Guidelines (EPGs)

• International Journal of Naval Architecture and Ocean Engineering
• /
• v.12 no.1
• /
• pp.20-37
• /
• 2020

In this paper, we propose a simulation method based on backward simulation and process-oriented simulation to take into account the characteristics of shipbuilding production, which is an order-based industry with a job shop production environment. The shipyard production planning process was investigated to analyze the detailed process, variables and constraints of mid-term production planning. Backward and process-centric simulation methods were applied to the mid-term production planning process and an improved planning process, which considers the shipbuilding characteristics, was proposed. Based on the problem defined by applying backward process-centric simulation, a system which can conduct Discrete Event Simulation (DES) was developed. The developed mid-term planning system can be linked with the existing shipyard Advanced Planning System (APS). Verification of the system was performed with the actual shipyard mid-term production data for the four ships corresponding to a one-year period.

• Asia-Pacific Journal of Business
• /
• v.14 no.1
• /
• pp.73-91
• /
• 2023

Purpose - The purpose of this study is to re-examine the disclosure effect of stock splits and long-term performance after stock splits using stock split data over the past 10 years, and infer the motivation (signal or opportunism) of stock splits. In addition, we focus on exploring the determinants of the short- and long-term market response to stock splits. Design/methodology/approach - We measure the short-term market response to a stock split and the long-term stock performance after the stock split announcement using the event study method. We analyze whether there is a difference in the long-term and short-term market response to a stock split according to various company characteristics through univariate analysis and regression analysis. Findings - In the case of the entire sample, a statistically significant positive excess return is observed on the stock split announcement date, and the excess return during the 24-month holding period after the stock split do not show a difference from zero. In particular, the difference between short-term and long-term returns on stock splits is larger in companies with a large stock split ratio, small companies, large growth potential, and companies with a combination of financial events after a stock split. Research implications or Originality - The results of this study suggest that at least the signal hypothesis for a stock split does not hold in the Korean stock market. On the other hand, it suggests that there is a possibility that a stock split can be abused by the manager's opportunistic motive, and that this opportunism can be discriminated depending on the size of the stock split, corporate characteristics, and financing plan.

• Nuclear Engineering and Technology
• /
• v.31 no.5
• /
• pp.476-485
• /
• 1999

In order to evaluate the gravity-injection capability to maintain core cooling after a loss-of-shutdown-cooling event during shutdown operation, the plant conditions of the Yong Gwang Units 3&4 were reviewed. The six cases of possible gravity-injection paths from the refueling water tank (RWT) were identified and the thermal-hydraulic analyses were performed using the RELAP5/MOD3.2 code. The core cooling capability was significantly dependent on the gravity-injection path, the RCS opening, and the injection rate. In the cases with the pressurizer manway opening higher than the RWT water level, the coolant was held up in the pressurizer and the system pressure continued increasing after gravity-injection. The gravity injection eventually stopped due to the high system pressure and the core was uncovered. In the cases with the injection path and opening on the same leg side, the core cooling was dependent on whether the water injected from the RWT passed the core region or not. However, in the cases with the injection path and opening on the different leg side, the system was well depressurized after gravity-injection and the core boiling was successfully prevented for a long-term transient. In addition, from the sensitivity study on the gravity-injection flow rate, it was found that about 54 kg/s of injection rate was required to maintain the core cooling and the core cooling could be provided for about 10.6 hours after event with that injection rate from the RWT. Those analysis results would provide useful information to operators coping with the event.

• Journal of the Society of Naval Architects of Korea
• /
• v.44 no.6
• /
• pp.647-656
• /
• 2007

Simulation model of outdoor block movement of shipyard is implemented in this paper. The load of the outdoor workshops in a shipyard influences a mid-term planning and scheduling of the shipyard. Since the load analysis is expected in advance before confirming the planning and scheduling, a discrete event simulation (DES) may be a good solution. The accuracy of DES is up to the accurate modeling of Products, Processes, and Resources (PPR) included in a system. PPR in the outdoor system are clearly defined and the simulation model for the outdoor logistics is implemented by modeling the selective PPR with the help of a DES tool which is programmable by users. The simulation model is verified by comparing the results with the real shipyard data. The outputs through the simulation are discussed.

• Nuclear Engineering and Technology
• /
• v.47 no.1
• /
• pp.59-65
• /
• 2015

Background: After the Fukushima accident, the importance of hazard analysis for extreme external events was raised. Methods: To analyze typhoon-induced hazards, which are one of the significant disasters of East Asian countries, a statistical analysis using the extreme value theory, which is a method for estimating the annual exceedance frequency of a rare event, was conducted for an estimation of the occurrence intervals or hazard levels. For the four meteorological variables, maximum wind speed, instantaneous wind speed, hourly precipitation, and daily precipitation, the parameters of the predictive extreme value theory models were estimated. Results: The 100-year return levels for each variable were predicted using the developed models and compared with previously reported values. It was also found that there exist significant long-term climate changes of wind speed and precipitation. Conclusion: A fragility analysis should be conducted to ensure the safety levels of a nuclear power plant for high levels of wind speed and precipitation, which exceed the results of a previous analysis.

• The Journal of the Korean dental association
• /
• v.52 no.4
• /
• pp.192-202
• /
• 2014

Bisphosphonate(BP) significantly influence the hone remodeling process. Increasing number of patients with osteoporosis and metastatic bone disease need high dose or long term bisphosphonate therapy. Major adverse effect is jaw bone necrosis and now the bisphosphonate-related necrosis of the jaw(BRONJ) is the major concern of dental practitioner. This study intended to perform the review of the current understandings concerning the pathophysiology of BRONJ. Even though pathophysiological mechanism of BRONJ is not clearly elucidated but now suggested as largely two different concepts; so-called "inside-out" or "outside-in" theory. Inside-out theory emphasize the osteonecrosis of the jaw is the initial major event and subsequent infection and inflammation is the second event that accompanies bone exposure and death of overlying mucosa. However, in "outside-in" theory, infection or inflammation initiated by traumatized oral epithelium is the major event of BRONJ. Both theory would be partially explain BRONJ. Recent research reveals the immune modulating effect and influence of microcrack accumulation by BP. These findings and those of others might explain the missing part of outside-in theory.