• 산업경영시스템학회지
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• 제6권9호
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• pp.27-33
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• 1983

This Paper represents time-dependent stochastic variations of common discounted cash flow formulae with explicit consideration given to inflation. The cash flow, the ratio of discounting or compounding, and the rate of inflation are allowed to vary with time in a random fashion in equations for the compound amount of a single payment, present worth of a single payment, amount of an annuity, periodic deposits to accumulate a future amounts, present worth of an annuity and capital recovery And all formulae are derived for the case of discrete random variations.

• IMMUNE NETWORK
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• 제15권4호
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• pp.186-190
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• 2015

Cytomegalovirus (CMV) infection in healthy individuals is usually asymptomatic and results in latent infection. CMV reactivation occasionally occurs in healthy individuals according to their immune status over time. T cell responses to CMV are restricted to a limited number of immunodominant epitopes, as compared to responses to other chronic or persistent viruses. This response results in progressive, prolonged expansion of CMV-specific $CD8^+$ T cells, termed 'memory inflation'. The expanded CMV-specific $CD8^+$ T cell population is extraordinarily large and is more prominent in the elderly. CMV-specific $CD8^+$ T cells possess rather similar phenotypic and functional features to those of replicative senescent T cells. In this review, we discuss the general features of CMV-specific inflationary memory T cells and the factors involved in memory inflation.

• Journal of Biosystems Engineering
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• 제26권2호
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• pp.123-130
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• 2001

The research described in this paper was aimed toward improving the understanding of the interaction of tire inflation pressure and the soil-tire interface stresses. A three-directional stress transducer was developed to measure stress distribution on undertread for a tractor tire. The transducer can directly measure three-directional stresses (normal stress, tangental stress and lateral stress and lateral stress) simultaneously and has both strong structure and high sensitivity, which is not changed by the abrasion of the detecting plate. Measurements of soil-undertread interface stresses were made at tire center on undertread on a 12.4-R24 radial tractor tire opeated at three combinations of a dynamic load (11.8kN) and three inflation pressures (59kPa, 108kPa and 157kPa). These measurements showed that as inflation pressure increased, the soil-undertread interface stresses increased. The results of three stresses comparisons were shown that the peak normal stresses were considerably higher than the tangential peak stresses and the peak lateral stresses.

• 품질경영학회지
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• 제33권3호
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• pp.91-104
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• 2005

Tolerance analysis plays an important role in design and manufacturing stages for reducing manufacturing cost by improving producibility. In most production processes encountered in practice, a process mean may shift or drift in the long run although process is in control. This study discusses the feasibility of three most common inflation factors(Bender, Gilson and Six Sigma) as a correction to Root Sum of Squares(RSS) method to compensate heuristically for a shift of process mean and nonnormal component distributions from simulation experiments and proposes the guidelines for choosing the inflation factor.

• KDI Journal of Economic Policy
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• 제40권1호
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• pp.1-30
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• 2018

Ongoing demographic changes have brought about a substantial shift in the size and age composition of the population, which are having a significant impact on the global economy. Despite potentially grave consequences, demographic changes usually do not take center stage in many macroeconomic policy discussions or debates. This paper illustrates how demographic variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and investment, and fiscal balances, from an empirical perspective. Based on empirical findings-particularly regarding inflation-we discuss their implications on macroeconomic policies, including monetary policy. We also highlight the need to consider the interactions between population dynamics and macroeconomic variables in macroeconomic policy decisions.

• 천문학논총
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• 제7권1호
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• pp.51-61
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• 1992

The nonlinear stochastic behavior of chaotic inflation is characterized by the 'scaling' effect. Using a simple criterion for the appearance of scaling behavior in the ${\lambda}{\phi}^4$ inflation model, we show explicitly that in this limit the onset of the scaling regime does not require any special initial conditions and that it is independent of the self-coupling constant ${\lambda}$. Non-Gaussian statistics in adiabatic fluctuations are important only for super-horizon scales and the scaling regime does not lead to any significant statistical properties on currently observable scales. However, the scaling effect gives some cosmological consequences very different from what we expect in the naive diffusion approximation for quantum fluctuations. The classical (deterministic) treatment of the inflation field (essentially a quantum mechanical object.) becomes valid towards the end of inflation.

• 천문학회보
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• 제42권2호
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• pp.78.4-79
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• 2017

Thermal inflation is an additional inflationary mechanism before the big bang nucleosynthesis, which solves the moduli problem and naturally provides a plausible dark matter candidate. Thermal inflation leaves a slight enhancement followed by huge suppression of a factor of ~50 in the curvature and matter power spectrum, which can be expressed in terms of a single characteristic scale $k_b$. Here we describe the observability of the small-scale features of thermal inflation from various observations, such as CMB distortion, satellite galaxy abundance in the Milky-Way-sized galaxies, and 21-cm power spectrum before the epoch of reionization.

• 대한안전경영과학회:학술대회논문집
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• 대한안전경영과학회 2009년도 추계학술대회
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• pp.387-397
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• 2009

In these OECD countries, left-wingers Government focus on unemployment, but right-wingers Government cares more about inflation. It is that inflation and unemployment don't have differential effects across rich and poor and the happiness levels of these two groups are unaffected by identity of the Government in power. The poor people choose to left-wingers Government, but rich people prefer to right-wingers Government. I estimate whether above opinion is correct or not. Especially I check how my results change when I control for aggregate economy activity and government consumption, two variables that could be correlated with inflation and unemployment and affect each Government's happiness differentially. This paper, and I believe much of the happiness literature, can be understood as an application of experienced utility, a conception that emphasis the pleasures derived from private consumption and sentiment of it. In Granger Causality test, private consumption sentiment index related with industrial production interactively in Korea. The business cycles affect on private consumption sentiment index.

• 경영과학
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• 제30권1호
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• pp.167-181
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• 2013

We investigate the dynamic asset allocation problem under inflation risk when the wealth of an investor is constrained with minimum requirements. To capture the investor's risk preference, the CRRA utility function is considered and he maximizes his expected utility at predetermined date of the refund by participation in the financial market. The financial market is supposed to consist of three kinds of financial instruments which are a risk free asset, a risky asset, and an index bond. The role of an index bond is managing inflation risk represented by price process. The optimal wealth and the optimal asset allocation are derived explicitly by using the method to get the European call option pricing formula. From the numerical results, it is confirmed that the investments on index bond is high when the investor's wealth level is low. However, as his wealth increases, the investments on index bond decreases and he invests on risky asset more. Furthermore, the minimum wealth constraint induces lower investment on risky asset but the effect of the constraints is reduced as the wealth level increases.

• East Asian Economic Review
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• 제18권3호
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• pp.301-335
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• 2014

In this paper, we consider a small open economy under the New Keynesian model with unemployment of Gal$\acute{i}$ (2011a, b) to discuss the design of the monetary policy. Our findings can be summarized in three parts. First, even with the existence of unemployment, the optimal policy is to minimize variance of domestic price inflation, wage inflation, and the output gap when both domestic price and wage are sticky. Second, stabilizing unemployment rate is important in reducing the welfare loss incurred by both technology and labor supply shocks. Therefore, introducing the unemployment rate as an another argument into the Taylor-rule type interest rate rule will be welfare-enhancing. Lastly, controlling CPI inflation is the best option when the policy is not allowed to respond to unemployment rate. Once the unemployment rate is controlled, however, stabilizing power of CPI inflation-based Taylor rule is diminished.