• Journal of the Korean Solar Energy Society
• /
• v.32 no.5
• /
• pp.118-123
• /
• 2012

Water balance has a significant impact on the overall fuel cell performance. Maintenance of proper water management should provide an adequate membrane hydration and avoidance of water flooding in the catalyst layer and gas diffusion layer. Considering the important of advanced water management in PEM fuel cell, this study proposes a simple one dimensional water transportation model of PEM fuel cell for use in a dynamic condition. The model has been created by assumption that the output is the water liquid saturation difference. The liquid saturation change is the total difference between the additional water and the removal water on the system. The water addition is obtained from fuel cell reaction and the electro osmotic drag. The water removal is obtained from capillary transport and evaporation process. The result shows that the capillary water transport of low temperature fuel cell is high because the evaporation rate is low.

• The Korean Journal of Financial Management
• /
• v.25 no.2
• /
• pp.69-101
• /
• 2008

We empirically investigate the option leverage property that should be priced under much more general conditions than the Black-Scholes assumptions and the option redundancy property that is based on the assumption that the underlying asset price follows a one-dimensional diffusion process and examine the systematic risk factors implied in the return dynamics of KOSPI 200 index options. We find that the option leverage pattern is similar to the theoretical result but the options are not redundant securities and in the nonlinear structure of option payoffs, the traders of KOSPI 200 index options price the systematic higher-moments and the negative volatility risk premium significantly affects delta-hedged gains, even after accounting for jump fears. But the empirical evidence on jump risk preference is less conclusive.

• Korean Journal of Metals and Materials
• /
• v.50 no.3
• /
• pp.256-262
• /
• 2012

This study investigated the hydrogen storage properties of Zr-Based $AB_{2-x}M_x$ metal hybride made by HCS (Hydriding Combustion Synthesis). The materials were prepared by HCS 80 wt% $AB_2$-15 wt% Mg-5 wt% Mm, HCS 80 wt% $AB_2$-20 wt% Mg and pure Zr-Based $AB_2$, These materials were activated at 298 K under 20 bar. Both HCS 80 wt% $AB_2$-20 wt% Mg and HCS 80 wt% $AB_2$-15 wt% Mg-5 wt% Mm were absorbed within 1 minute. In the case of the $AB_2$, it was perfectly absorbed within 6 minutes. Then, the materials were evaluated to obtain P-C-T (Pressure-Composition-Temperature) curves at 298K. As a result, the hydrogen storage capacity of HCS 80 wt% $AB_2$-20 wt% Mg, HCS 80 wt% $AB_2$-15 wt% Mg-5 wt% Mm and pure Zr-Based $AB_2$ were determined to be 1.2, 1.6 and 1.74 wt%, respectively. The activation energy and rate controlling step were calculated by the Johnson-Mehl Avrami equation. The activation energies of HCS 80 wt% $AB_2$-20 wt% Mg, HCS 80 wt% $AB_2$-15 wt% Mg-5 wt% Mm and pure Zr-Based $AB_2$ were 26.91, 20.45, and 60.41 kJ/mol, respectively. Also, the values of ${\eta}$ in the Johnson-Mehl Avrami equation for HCS 80 wt% $AB_2$-20 wt% Mg, HCS 80 wt% $AB_2$-15 wt% Mg-5 wt% Mm and pure Zr-Based $AB_2$ are 0.60, 0.51, and 0.44. So, the rate controlling steps which indicate hydrogen storage mechanism are an one dimensional diffusion process.