• Industrial Engineering and Management Systems
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• 제9권2호
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• pp.121-130
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• 2010

In today's uncertain economic environment, economic risk is inherent in making large investments on manufacturing facilities. It is, therefore, practically meaningful to divide investment over multiple periods, reducing the risk of investment. Then, the cash-flow over the entire planning horizon would comprise positive inflow and negative outflow. In this case, in general, evaluation by internal rate of return (IRR) is not feasible, because multiple IRRs are involved. This paper deals with a problem of evaluating profitability, as well as risk, of investment alternatives made in multiple times of investment over the entire horizon. Typically, an additional investment is required after the initial one, for expanding manufacturing capacity or other reasons. The paper pays attention to a unit cash-flow over two periods, decomposing the total cash-flow into a series of unit cash-flow patterns. It is easy to evaluate profitability of a unit cash-flow by using IRR. The total cash-flow can be decomposed into the series of two types of unit cash-flows: an investment type one (negative-positive) and the borrowing type one (positive-negative). This paper, therefore, proposes a method in which only the borrowing type unit cash-flow is eliminated in the series by converting total cash-flow using capital interest rate. Then, a unique IRR can be obtained and the profitability is evaluated. Thus, the paper extends the method of IRR so that it may help decision making in complicated cash-flow pattern observed in practice.

• 한국수자원학회논문집
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• 제37권3호
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• pp.249-255
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• 2004

농업용수 회귀율을 조사하기 위하여 2003년 관개기 동안 많은 실측을 수행하였다. 본 연구지역은 경상남도 창녕군에 위치한 대암양수장 유역일원이다. 관개용수를 공급하기위하여 건설된 대암 양수장 유역 내 논에 대하여 물수지분석을 실시하였다. 본 연구지역에서의 일 강우량 자료를 수집하였으며, 또한 관개율, 배수율, 침투 및 증발산을 실측하였다. 관개량과 배수량은 기록형수위계(GTDL-L10)를 설치하여 관계기 동안 지속적으로 관측하였다 침투 및 증발산은 직경 3mm PVC 감수심계 및 직경 200mm PVC 침투계를 이용하여 측정하였다. 총관개량 및 총 지표배수량은 654.7mm와281.2mm로 나타났으며, 총 침투량과 총증발산량은 각각 36.0mm 및 160.0mm였고, 일평균 증발산량은 4.3mm/d 였다. 신속회귀율과 지연회귀율은 각각 43.0% 및 5.5%로 전체회귀율은 48.5 %로 나타났다. 따라서, 본 시험지구에서 공급된 관개용수량이 설계기준보다 훨씬 많은 양의 관개용수를 공급하고 있음을 알 수 있었다. 이는 적정한 용수관리원칙 보다는 지역주민들의 요구에 의한 과다공급으로 인한 부적적한 용수관리에 기인하는 것으로, 추후에 농업용수설계기준을 현실에 맞게 변경해야함을 의미한다.

• International Journal of Fluid Machinery and Systems
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• 제1권1호
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• pp.57-63
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• 2008

To optimize the stationary components in the multistage centrifugal pump, the effects of the return vane profile on the performances of the multistage centrifugal pump were investigated experimentally, taking account of the inlet flow conditions for the next stage impeller. The return vane, whose trailing edge is set at the outer wall position of the annular channel downstream of the vane and which discharges the swirl-less flow, gives better pump performances. By equipping such return vane with the swirl stop set from the trailing edge to the main shaft position, the unstable head characteristics can be also suppressed successfully at the lower discharge. Taking the pump performances and the flow conditions into account, the impeller blade was modified so as to get the shock-free condition where the incidence angle is zero at the inlet.

• The Journal of Asian Finance, Economics and Business
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• 제6권2호
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• pp.247-255
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• 2019

This study examines the different roles of cash flow in assessing investment returns in the Association of Southeast Asian Nations (ASEAN). The analysis covers over 900 listed firms across Malaysia, Indonesia, Philippines, Singapore and Thailand for the period post the Asian financial crisis of 2001-2017. Firm-level panel data analysis shows that cash flow factors are important in all contexts of cash return on assets, earnings quality and market value multiple across the region even after controlling for typical measures of profitability. The results suggest that firms should manage cash flow prudently in considerations of firm value from the shareholder's perspective, measured directly using stock return. Cash profitability on assets should become an important firm performance indicator, whilst higher cash component over reported earnings is preferred. The market also tends to respond favourably to cash flow yield as a price multiple in valuation, outpacing the role of earnings yield. Such findings are robust across the pre and post subprime crisis periods, across estimation methods pertaining to finance panel standard errors, as well as across static and dynamic considerations of returns. It is hence sensible to consider cash flow factors in the research pertaining to asset pricing and factor investing in the ASEAN region.

• International Journal of Fluid Machinery and Systems
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• 제3권1호
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• pp.11-19
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• 2010

The performance of the crossover system of a centrifugal compressor stage consisting of static components of $180^{\circ}$ U-bend, return channel vanes and exit ducting with a $90^{\circ}$ bend is investigated. This study is confined to the assessment of performance of the crossover system by varying the shape of the return channel vanes. For this purpose two different types of Return Channel Vanes (RCV1 and RCV2) were experimentally investigated. The performance of the crossover system is discussed in terms of total pressure loss coefficient, static pressure recovery coefficient and vane surface pressure distribution. The experimentation was carried out on a test setup in which static swirl vanes were used to simulate the flow at the exit of an actual centrifugal compressor impeller with a design flow coefficient of 0.053. The swirl vanes are connected to a mechanism with which the flow angle at the inlet of U-bend could be altered. The measurements were taken at five different operating conditions varying from 70% to 120% of design flow rate. On an overall assessment RCV1 is found to give better performance in comparison to RCV2 for different U-bend inlet flow angles. The performance of RCV2 was verified using numerical studies with the help of a CFD Code. Three dimensional sector models were used for simulating the flow through the crossover system. The turbulence was predicted with standard k-$\varepsilon$, 2-equation model. The iso-Mach contour plots on different planes and development of secondary flows were visualized through this study.

• 대한토목학회논문집
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• 제43권6호
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• pp.763-774
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• 2023

도시 하류의 가용수량과 관련된 생활용수 회귀수량은 아직까지 정확한 회귀수량 파악이 어려운 상황이다. 본 연구에서는 생활용수 물순환시스템을 면(面)적 개념으로 물 유입, 물 전달, 물 유출 단계로 정의하였다. 대상지는 전라남도 함평군 일대로 선정했으며 물순환계통도 작성 및 완전·불완전 계측지점의 분류를 통해 단일 유입~단일 유출지점으로 설정하였다. 총 6년(2017년 1월 1일~2022년 12월 31일)간 일단위의 유입량·유출량 자료로 시계열예측모형(ARIMA 모형, 전이함수모형)을 구축하였고 학습기간과 검증기간으로 분리하여 유입량·유출량을 예측하였다. 그 결과, 두 모형 모두 안정적인 잔차와 통계적 유의성 확보로 단기 예측 실현 가능성을 보여 초기 단계의 물순환시스템을 구현하였다. 향후에는 불완전 계측지점, 미계측지점, 기상조건을 추가하고 최적의 모형을 선정하여 대상 유역의 실제 회귀량을 예측하고 효율적인 물 운영이 가능하길 기대해본다.

• 한국수자원학회논문집
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• 제55권5호
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• pp.321-331
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• 2022

본 연구에서는 유역단위의 물수지 분석과 농업용수의 수문학적 매커니즘을 모의 할 수 있는 유역 모델링 방법을 이용하여 회귀수량 산정기법을 제시하고자 하였다. SWAT 모델을 이용하여 영산강수계 대표적인 농업지역인 만봉천 표준유역 (97.34 km²)에 대해 담수 논 모의가 고려된 유역물수지 분석을 실시하였다. 회귀수량 산정에 앞서, 나주 유량관측소의 일 유량 자료를 이용하여 SWAT을 검·보정하였다. R², Nash-Sutcliffe Efficiency (NSE), Root-Mean-Square Error (RMSE)는 각각 0.73, 0.70, 0.64 mm/day으로 분석되었다. 3년 동안(2015~2017) 모의 결과를 토대로 관개기간(4/1~9/30)에 대한 신속 회귀수량과 공급량 대비 회귀율을 산정하였고, 평균 53.4%로 분석되었다. 본 연구에서 제시한 유역 회귀수량 모델링 기법은 향후 합리적인 유역물관리를 위한 최적 농업용수 공급방안에 대한 기초자료 구축에 활용될 수 있다.

• Journal of Mechanical Science and Technology
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• 제15권6호
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• pp.764-775
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• 2001

Oscillartory thermocapillary flow of high Prandtl number fluids in the half-zone configuration is investigated. Based on experimental observations, one oscillation cycle consists of an active period where the surface flow is strong and the hot corner region is extended and a slow period where the opposite occurs. It is found that during oscillations the deformation of free surface plays an important role and a surface deformation parameter S correlates the experimental data well on the onset of oscillations. A scaling analysis is performed to analyze the basic steady flow in the parametric ranges of previous ground-based experiments and shows that the flow is viscous dominant and is mainly driven in the hot corner. The predicted scaling laws agree well with the numerical results. It is postulated that the oscillations are caused by a time lag between the surface and return flows. A deformation parameter S represents the response time of the return flow to the surface flow.

• 한국관개배수논문집
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• 제13권2호
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• pp.274-282
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• 2006

The objective of this study was to develop a hydrologic simulation model to predict daily streamflow from a small agricultural watershed considering irrigation return flow. The proposed IREFLOW(Irrigation REturn FLOW) model consists of hillslope runoff model, irrigation scheme drainage model, and irrigation return flow model, and simulates daily streamflow from an irrigated watershed. Two small watersheds were selected for monitoring of hydrological components and evaluating the model application. The relative error (RE) between observed and simulated daily streamflow were 2.9% and 6.4%, respectively, on two small agricultural watersheds (Baran and Gicheon) for the calibration period. The values of RE in daliy streamflow for the validation period were 6.0% for the Baran watershed, and 2.8% for the Gicheon watershed.

• 한국콘텐츠학회논문지
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• 제20권6호
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• pp.439-444
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• 2020

이 연구는 자기공명영상검사 시 조영제 주입용으로 사용되는 자동주입기에서 조영제 역류에 의한 생리식염수의 오탁 현상을 방지할 수 있는 대안을 모색하고자 하였다. 연구방법은 실린지 내에서 조영제 역류를 차단할 대안으로 밸브를 자체 제작한 다음, 임상적용의 유용성을 알아보기 위해 생리식염수의 상태를 세 그룹으로 나누고 조영제 주입을 실험하여 각각 채취한 생리식염수의 지방소거 T1 강조영상으로 신호강도를 비교하였다. 연구결과, 그룹 1의 조영제 주입 전 생리식염수와 그룹 3의 역류방지용 밸브를 적용한 조영제 주입 후 생리식염수가 통계적으로 유의한 차이가 없었다(p>0.05). 이는 자체 제작한 역류방지용 밸브가 조영제 주입 시 생리식염수로 역류하는 조영제를 완벽히 차단한 것으로 분석된다. 결론적으로 조영제 자동주입기를 활용한 자기공명영상 동적검사 시 본 연구에서 제시한 역류방지밸브를 적용한다면 조영제 역류로 인한 생리식염수의 오탁 현상을 예방할 수 있으리라 본다.