• Title/Summary/Keyword: internal flows

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The Relationship between Financial Constraints and Investment Activities : Evidenced from Korean Logistics Firms (우리나라 물류기업의 재무제약 수준과 투자활동과의 관련성에 관한 연구)

  • Lee, Sung-Yhun
    • Journal of Korea Port Economic Association
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    • v.40 no.2
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    • pp.65-78
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    • 2024
  • This study investigates the correlation between financial constraints and investment activities in Korean logistics firms. A sample of 340 companies engaged in the transportation sector, as per the 2021 KSIC, was selected for analysis. Financial data obtained from the DART were used to compile a panel dataset spanning from 1996 to 2021, totaling 6,155 observations. The research model was validated, and tests for heteroscedasticity and autocorrelation in the error terms were conducted considering the panel data structure. The relationship between investment activities in the previous period and current investment activities was analyzed using panel Generalized Method of Moments(GMM). The validation results of the research indicate that Korean logistics firms tend to increase investment activities as their level of financial constraints improves. Specifically, a positive relationship between the level of financial constraints and investment activities was consistently observed across all models. These findings suggest that investment decision-making varies based on the financial constraints faced by companies, aligning with previous research indicating that investment activities of constrained firms are subdued. Moreover, while the results from the model examining whether investment activities in the previous period affect current investment activities indicated an influence of investment activities from the previous period on current investment activities, the investment activities from two periods ago did not show a significant relationship with current investment activities. Among the control variables, firm size and cash flow variables exhibited positive relationships, while debt size and asset diversification variables showed negative relationships. Thus, larger firm size and smoother cash flows were associated with more proactive investment activities, while high debt levels and extensive asset diversification appeared to constrain investment activities in logistics companies. These results interpret that under financial constraints, internal funding sources such as cash flows exhibit positive relationships, whereas external capital sources such as debt demonstrate negative relationships, consistent with empirical findings from previous research.

Channel Structure and Header Design of Printed Circuit Heat Exchanger by Applying Internal Fluid Pressure (유체 내압을 고려한 인쇄기판형 열교환기의 채널구조 및 헤더 설계)

  • Kim, Jungchul;Shin, Jeong Heon;Kim, Dong Ho;Choi, Jun Seok;Yoon, Seok Ho
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.41 no.11
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    • pp.767-773
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    • 2017
  • Printed Circuit Heat Exchanger (PCHE) has an advantage for exchanging thermal energy between high-pressure and high-temperature fluids because its core is made by diffusion bonding method of accumulated metal thin-plates which are engraved of flow channel. Moreover, because it is possible that the flow channel can be micro-size hydraulic diameter, the heat transfer area per unit volume can be made larger than traditional heat exchanger. Therefore, PCHE can have higher efficiency of heat transfer. The smaller channel size can make the larger heat transfer area per unit volume. But if high pressure fluid flows inside the channel, the channel wall can be deformed, the structure and shape of flow channel and header have to be designed appropriately. In this study, the design methodology of PCHE channel in high pressure environment based on pressure vessel codes was investigated. And this methodology was validated by computational analysis.

Analyzing of CDTA using a New Small Signal Equivalent Circuit and Application of LP Filters (새로운 소신호 등가회로를 활용한 CDTA의 해석 및 저역통과 필터설계)

  • Bang, Junho;Song, Je-Ho;Lee, Woo-Choun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.12
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    • pp.7287-7291
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    • 2014
  • A CDTA (current differencing transconductance amplifier) is an active building block for current mode analog signal processing with the advantages of high linearity and a wide frequency bandwidth. In addition, it can generate a stable voltage because all the differencing input current flows to the grounded devices. In this paper, a new small signal equivalent circuit is proposed to analyze a CDTA. The proposed small signal equivalent circuit provides greater precision in analyzing the magnitude and frequency response than its previous counterparts because it considers the parasitic components of the input, internal and output terminal. In addition, observations of the changes made in various devices, such as the resistor (Rz) confirmed that those devices heavily influence the characteristics of CDTA. The designed parameters of the proposed small signal equivalent circuit of the CDTA provides convenience and accuracy in the further design of analog integrated circuits. For verification purposes, a 2.5 MHz low pass filter was designed on the HSPICE simulation program using the proposed small signal equivalent circuit of CDTA.

A Numerical Model for Wind-Induced Circulation in a Thermally Stratified Flow (수온성층흐름에서 바람에 의해 발생하는 순환흐름을 해석하기 위한 수치모형개발)

  • Lee, Jin-Woo;Kim, Hyung-Jun;Cho, Yong-Sik
    • Journal of Korea Water Resources Association
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    • v.43 no.10
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    • pp.911-920
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    • 2010
  • The closed water bodies, such as reservoirs and lakes, could be contaminated by an inflow of pollutants in the upstream as well as a stratification caused by seasonal natural phenomena. The vertical circulation particularly plays an important role in reduction of environmental pollutants. The factors of the vertical circulation are the temperature, wind, thermal diffusivity and sunlight. The wind is probably the most significant factor among them. Thus, it is necessary to describe the validation and application of a three-dimensional numerical model of wind-induced circulation in a thermally stratified flow. In this paper, a three-dimensional numerical model for the thermally stratified flows is presented. The model is conducted in three steps to calculate the velocity components from the momentum equations in x- and y- axis directions, the elevations from the free surface equation and the temperature from the scalar transport equation. Numerical predictions are compared with available analytical solutions for the sloshing free surface movement in a rectangular basin. The numerical results generally show a reasonable agreement with analytical solutions. And the model is applied to the circulation for the wind induced flow in a thermally stratification. Consequently, the developed model is validated by two verifications and phenomena of the internal flow.

A study on the reason that pulse-feeling method of meridians diagnosis flows into diagnostic method by taking pulse of setting six region for Chon(寸), Gwan(關) and Cheok(尺), i.e. the Chon[寸] spot pulse -A study on the transition of pulse-feeling method- (경맥진단(經脈診斷)의 맥진법(脈診法)이 기구맥(氣口脈)의 촌관척(寸關尺) 육부정위맥진법(六部定位脈診法)으로 연변(演變)된 연유(緣由)에 관(關)한 연구(硏究) -경맥학설(經脈學說) 및 맥진법(脈診法)의 상관성(相關性)-)

  • Lim, Han-je;Yoon, Jong-hwa
    • Journal of Acupuncture Research
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    • v.21 no.1
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    • pp.1-20
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    • 2004
  • Pulse-feeling took its origin from making a diagnosis along meridians in the course of discovering and forming meridians and for a long time its meaning was mixed with meridians in the course of recognizing "The Pulse" then was separated from meridians in the early days of Western Han Dynasty. Ancient pulse-feeling methods are pulse-feeling method by the twelve regular meridians, pulse-feeling method by three regions and nine modes, pulse-feeling method by Inyeong(人迎) and Chon-gu(寸口), etc. Pulse-feeling was changed in proportion to diagnostic purpose and method of treating and if method and region of pulse-feeling is arranged, we will infer correlation between meridians and pulse-feeling and will infer transitional system of past pulse-feeling and will forecast transition of future pulse-feeling. As the result that I study the transition of the above three pulse-feeling methods of meridians diagnosis: 1. Three pulse-feeling methods of meridians diagnosis flowed into diagnostic method by taking pulse of setting six region for Chon(寸), Gwan(關) and Cheok(尺), i.e. the Chon[寸] spot pulse of $\ll$Nan-gyeong$\gg$ and were changed into diagnostic method being fit for use of five Su points, The Front-Mo points and Back-Su points that grasp the pathology of mutual internal organs and treat the disease. 2. Today it is suggesting the transition of another pulse-feeling method that do not apply diagnostic method by taking pulse of setting six region for Chon(寸), Gwan(關) and Cheok(尺), i.e. the Chon[寸] spot pulse of $\ll$Nan-gyeong$\gg$ to 19C Sasang(四象) Constitutional Medicine or 20C Eight Constitutional Medicine.

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Ice Formation on the Outer Surface of a Vertical Tube with Inside Refrigerant Boiling (관 내부 냉매비등이 있는 수직관 외부 얼음 형성 연구)

  • Nguyen, Minh Phu;Lee, Geun-Sik
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.35 no.2
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    • pp.129-135
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    • 2011
  • An ice-making model has been developed and analyzed in this study. The effects of the following on the ice formation on the outer surface of a tube in which a refrigerant flows and boils are numerically investigated: thermal resistance of the refrigerant and thermal resistance of the ice formed on the outer surface of the tube. The ice thickness and related variables are analyzed in the case of the refrigerants R22 and R134a by using the expressions for phase-change heat transfer and boiling heat transfer coefficient. Vapor qualities of the refrigerants range from 0 to 0.8. As a result, up to the first 30 min, the internal convection resistance is higher than the thermal resistance of the ice on the external surface of the tube. However, after about 30 min, the thermal resistance of the ice increases remarkably due to the increase in the ice thickness. Thus, the heat flux to the refrigerant decreases, and further, the refrigerant quality and the boiling heat transfer coefficient also decrease. As the heat transfer coefficient of R22 is higher than that of R134a, the mass of the ice formed when R22 is used is higher than that formed when R134a is used.

Dynamic Characteristics on the CRDM of SMART Reactor (SMART 원자로 제어봉 구동 장치의 동특성해석)

  • Lee, Jang-Won;Cho, Sang-Soon;Kim, Dong-Ok;Park, Jin-Seok;Lee, Won-Jae
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.34 no.8
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    • pp.1105-1111
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    • 2010
  • The Korea Atomic Energy Research Institutes has been developing the SMART (System integrated Modular Advanced ReacTor), an environment-friendly nuclear reactor for the generation of electricity and to perform desalination. SMART reactors can be exposed to various external and internal loads caused by seismic and coolant flows. The CRDM(control rod drive mechanism), one of structures of the SMART, is a component which is adjusting inserting amount of a control rod, controlling output of reactor power and in an emergency situation, inserting a control rod to stop the reactor. The purpose of this research is performing the analysis of dynamic characteristic to ensure safety and integrity of structure of CRDM. This paper presents two FE-models, 3-D solid model and simplified Beam model of the CRDM in the coolant, and then compared the results of the dynamic characteristic about the two FE-models using a commercial Finite Element tool, ABAQUS CAE V6.8 and ANSYS V12. Beam 4 and beam 188 of simplified-model were also compared each other. And simplified model is updated for accuracy compare to 3-D solid.

Evaluation of the Stability of Quay Wall under the Earthquake and Tsunami (지진 및 지진해일파 작용하의 해안안벽의 안정성평가)

  • Lee, Kwang-Ho;Ha, Sun-Wook;Lee, Kui-Seop;Kim, Do-Sam;Kim, Tae-Hyung
    • Journal of the Korean Geotechnical Society
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    • v.27 no.3
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    • pp.41-54
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    • 2011
  • The present study analyzes the stability of waterfront quay wall under the combined action of earthquake and tsunami. Adopting the limit equilibrium method, the stability of waterfront quay wall is checked for both the sliding and overturning. Forces due to tsunami are compared with the proposed formula and the 3-D one-field Model for immiscible TWO-Phase flows (TWOPM-3D). Variations of the stability of wall are also proposed by the parametric study including tsunami water height, horizontal seismic acceleration coefficient, internal friction angle of soil, friction angle between the wall and the soil and the pore water pressure ratio. The present study about the stability of wall is also compared with the case when earthquake and tsunami are not considered. As a result, the result of numerical analysis about the tsunami force is similar to that of proposed formula. When earthquake and tsunami are simultaneously considered, the stability of wall in passive case significantly decreases and tsunami forces in active case are affected as a resistance force on the wall and so the stability of wall increases.

Computational study of orientation effects on thermal performance of natural convection cooled lightweight high performance hollow hybrid fin heat sinks (자연대류 냉각되는 경량고성능 할로우 하이브리드 휜 히트싱크의 열성능에 대한 방향 영향의 전산연구)

  • Effendi, Nico Setiawan;Kim, Kyoung-Joon
    • Journal of Advanced Marine Engineering and Technology
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    • v.40 no.9
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    • pp.786-790
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    • 2016
  • This paper discusses numerically explored orientation effects on the thermal performance of hollow hybrid fin heat sinks (HHFHSs) under natural convection. A HHFHS consists of an array of hollow pin fins concatenated with plate fins and having perforations near the fin bases. Orientation effects on the footprint-based and mass-based thermal performance of the HHFHS were numerically studied for orientation angles ranging from $0^{\circ}$ to $180^{\circ}$. The performance of the HHFHS was compared with that of a pin fin heat sink (PFHS) having similar physical parameters. The results show that the thermal resistance of the HHFHS did not vary considerably from $0^{\circ}$ to $45^{\circ}$. The thermal resistance increased from $45^{\circ}$ to $90^{\circ}$, reached its maximum at $90^{\circ}$, and decreased consistently from $90^{\circ}$ to $180^{\circ}$. Dissimilar behaviors of the thermal resistance of the HHFHS vs. the PFHS resulted mainly from the effect of heat pumping induced by the internal flows of the hollow fins. Despite various orientations, the mass-based thermal resistance of the HHFHS was found to be nearly 30% smaller than that of the PFHS. This result shows the feasibility of the HHFHS for the lightweight thermal management of electronics under natural convection.

Critical Analysis of Cultural Imperialism - From Simplistic Imperialism to Dynamic Cultural Fluid (문화제국주의의 비판적 고찰 - 단선적 문화제국주의에서 역동적인 국제적 문화 유동으로)

  • Yim, Dong-Uk
    • Korean journal of communication and information
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    • v.45
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    • pp.151-186
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    • 2009
  • This article focuses on analysing and interpreting cultural imperialism issues that have long been debated. One of issues among them is related to the characteristics of international cultural fluid. What had been debated is that cultural imperialism has been ended or not and the debates were connected to the so called 'reverse cultural imperialism'. The other issue is about this fluid is the continuation of globalization or a part of localization and this is related to the phenomena of cultural homogenization or hybrid. General trend was that simplistic cultural imperialism which had been occurred during the 1970s and 1980s was no longer effective but global dominance by transnational global media is still strong and worldwide. Therefore my research interest is centered on how they look international cultural exchanges with regard to cultural imperialism. And is the framework of cultural imperialism thesis still effective tool in researching and analysing international cultural flows? How do we look globalization relating to international exchanges? Is globalization an another aspect of imperialism? In conclusion, international cultural fluid is not so simple. Like natural phenomena or human progress, a phenomenon is not consisted of a single factor or relation. Cultural fluid is a complex one mixed with various phenomena and relations. This is related to internal and external contradictions, internal and external dynamics of a society and nation, and social and cultural life of human beings. Recent research results show that globalization and localization are closely related to many country's programming schedule, and particular cultural interpretation of specific programmes and culture are adopted to the country's culture and patterns. Cultural fluid has both-sides. One the hand it has useful and positive sides and on the other hand it has harmful and negative aspects. Imperialistic factor, globalization, cultural homogenization or hybrid are all operated and functioned together in cultual fluid. It is difficult to say that cultural imperialism thesis has been ended because American and global media's dominance is still effective. What needed at this time for us is a complex and dynamic analysis of international cultural fluid instead of simplistic cultural imperialism.

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