• 한국지하수토양환경학회지:지하수토양환경
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• 제21권1호
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• pp.61-71
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• 2016

Visual MODFLOW was used for quantifying stream-aquifer interactions caused by seasonal groundwater pumping. A hypothetical conceptual model was assumed to represent a stream-aquifer system commonly found in Korea. The model considered a two-layered aquifer with the upper alluvium and the lower bedrock and a stream showing seasonal water level fluctuations. Our results show that seasonal variation of the stream depletion rate (SDR) as well as the groundwater depletion depends on the stream depletion factor (SDF), which is determined by aquifer parameters and the distance from the pumping well to the stream. For pumping wells with large SDF, groundwater was considerably depleted for a long time of years and the streamflow decreased throughout the whole year. The impacts of return flow were also examined by recalculating SDR with an assumed ratio of immediate irrigation return flow to the stream. Return flow over 50% of pumping rate could increase the streamflow during the period of seasonal pumping. The model also showed that SDR was affected by both the conductance between the aquifer and the stream bed and screen depths of the pumping well. Our results can be used for preliminary assessment of water budget analysis aimed to plan an integrated management of water resources in riparian areas threatened by heavy pumping.

• 대한기계학회논문집B
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• 제25권12호
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• pp.1821-1830
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• 2001

The flow around free end of a finite circular cylinder (FC) embedded in an atmospheric boundary layer has been investigated experimentally. The experiments were carried out in a closed-return type subsonic wind tunnel with varying aspect ratio of the finite cylinder mounted vertically on a flat plate. The wakes behind a 2-D cylinder and a finite cylinder located in a uniform flow were measured for comparison. Reynolds number based on the cylinder diameter was about Re=20,000. A hot-wire anemometer was employed to measure the wake velocity and the mean pressure distributions on the cylinder surface were also measured. The flow past the FC free end shows a complicated three-dimensional wake structure and flow phenomenon is quite different from that of 2-D cylinder. The three-dimensional flow structure was attributed to the downwashing counter rotating vortices separated from the FC free end. As the FC aspect ratio decreases, the vortex shedding frequency decreases and the vortex formation length increases compared to that of 2-D cylinder. Due to the descending counter-rotating twin-vortex, near the FC free end, regular vortex shedding from the cylinder is suppressed and the vortex formation region is hardly distinguished. Around the center of the wake, the mean velocity for the FC located in atmospheric boundary layer has large velocity deficit compared to that of uniform flow.

• 재무관리연구
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• 제21권2호
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• pp.65-98
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• 2004

본 연구는 다양한 수익률 기간에서 미국 달러와 일본 엔화에 대한 우리나라 기업의 환노출과 비대칭성을 분석하고, 환노출이 어떠한 변수에 의해 영향을 받는지를 검토하는데 목적이 있다. 달러와 엔에 대한 외환위기 이후의 환노출을 분석한 결과, 장기수익률과 환노출 사이에 단조 증가하는 형태가 아니라 2개월이나 3개월 수익률에서 높은 환노출을 보이다가 감소한 후 다시 증가하는 모습을 보이고 있다. 또한 환노출의 결정요인 가운데는 성장기회가 두 통화 모두 대부분의 분석기간과 수익률에서 유의한 관계를 보이고 있다. 기업규모는 환노출과 음의 관계를 갖고 있으며, 외환위기 이후 단기 환노출에서만 발생하고 있다. 수출비중과 레버리지는 분석기간과 수익률에 따라 다양한 결과를 보이며, 유동성 변수는 미미한 영향을 보이는 것으로 나타났다. 비대칭성에 대한 분석 결과, 우리나라 기업의 환노출은 비대칭성을 갖고 있으며, 이는 시장점유율 이론으로 설명할 수 있는 것으로 나타났다. 또한 비대칭을 설명하는 요인 가운데는 수출비중이 공통적으로 나타나고 있어, 수출비중이 환노출의 비대칭성을 발생시키는 주요 원인인 것으로 분석되었다.

• 한국정밀공학회지
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• 제17권2호
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• pp.151-160
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• 2000

An experimental and theoretical analysis for the improvement of dynamic characteristics and design of electro-hydraulic flow control servo valve are performed. The theoretical results are compared with the experimental step responses, and the important design parameters of an electro-hydraulic flow control servo valve are derived by using the simulation program. Simulation parameters of nozzle jet coefficient and orifice and spool valve discharge coefficient are given through experiment. The theoretical and experimental step response curves show that the valve gain depends on the fixed orifice and nozzle $ratio(R_on)$ and is maximum at $R_on=1.$ And drain orifice in the flapper - nozzle return line creates a small back pressure, which improves the performance fur the valve.

• 한국농공학회지
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• 제43권2호
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• pp.59-68
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• 2001

A water balance analysis was performed for a paddy field neighboring the Dongchang stream, downstream of the Unmun reservoir, which is constructed for the urban water supply. Daily rainfall data were collected and irrigation water flow rate, drainage flow rate, evaportranspiration, infiltration, and piezometeric head were measured in the field. The flow rates were continuously observed by water level logger during the growing season. The evaportranspiration and the infiltration were measured by N-type depletion meter and cylindrical infiltrometer, respectively. PVC pipes with 12mm diameter were used for piezometric head measurement. Total Irrigation and drainage flows were 3,608mm and 1,170mm in 1999, and 3,971mm and 1,548mm in 2000, respectively. The mean and range of the daily infiltration rate were 4.4mm/d and 3.4mm/d to 5.5mm/d in 1999 and 5.1mm/d and 4.1mm/d to 6.5mm/d in 2000, respectively. The net ground water flow including the change of soil water storage was 2,855mm in 1999 and 2,540mm in 2000. The evapotranspiration was 458.3mm in 1999 and 553.5mm in 2000. The range of daily evapotranspiration rate was from 1.6 to 8.7mm/d. The return flow ratio was about 32% in 1999 and 39% in 2000 and three year average was 35% including previous study in 1997. The amount of irrigation water was much higher than design standards or references in this study, This was caused by the inadequate water management practice in the area where water was oversupplied on farmers’ request rather than following sound water management principles.

• 대한설비공학회:학술대회논문집
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• 대한설비공학회 2009년도 하계학술발표대회 논문집
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• pp.1397-1405
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• 2009

In recent decades, exergy analysis has been holding spotlight as a useful tool in the design, assessment, optimization, and improvement of energy system. This paper presents the results of the energy and exergy analysis of a steam turbine cogeneration system for industrial complex using two efficiency concepts of conventional one and exergetic one. In order to obtain the destroyed exergy of each component, mathematical analysis is conducted by using exergy balance and the second law of thermodynamics, according as the parameters are changed, such as the ratio of returned process steam, process steam supplied, temperature and pressure of boiler and power. The computer program developed in this study can determine the efficiencies and exergy destroyed at each component of cogeneration system. As a result of this study, a component having the largest destroyed exergy was boiler. And closed and opened feedwater heater had the lowest one. The affects to the cogeneration system due to the variation of process steam flow and return rate of condensed water is shown that the total electric power efficiency(${\eta}_E$) is decreased as increasing the return rate of condensed water under constant process steam flow. As the boiler pressure is increased for the more production of electricity, the efficiency of cogeneration system was decreased.

• 국제학술발표논문집
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• The 5th International Conference on Construction Engineering and Project Management
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• pp.602-607
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• 2013

Financial risks associated with capital investments are often measured with different feasibility indicators such as the net present value (NPV), the internal rate of return (IRR), the payback period (PBP), and the benefit-cost ratio (BCR). This paper aims at demonstrating practical applications of probabilistic feasibility analysis techniques for an integrated feasibility evaluation of the IRR and PBP. The IRR and PBP are concurrently analyzed in order to measure the profitability and liquidity, respectively, of a cash flow. The cash flow data of a real wind turbine project is used in the study. The presented approach consists of two phases. First, two newly reported analysis techniques are used to carry out a series of what-if analyses for the IRR and PBP. Second, the relationship between the IRR and PBP is identified using Monte Carlo simulation. The results demonstrate that the integrated feasibility evaluation of stochastic cash flows becomes a more viable option with the aide of newly developed probabilistic analysis techniques. It is also shown that the relationship between the IRR and PBP for the wind turbine project can be used as a predictive model for the actual IRR at the end of the service life based on the actual PBP of the project early in the service life.

• 한국산업경영시스템학회:학술대회논문집
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• 한국산업경영시스템학회 2002년도 춘계학술대회
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• pp.9-18
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• 2002

A capital investment problem is essentially one of determining whether the anticipated cash Inflows from a proposed project are sufficiently attractive to invest funds in the project. The net present value(NPV) criterion and internal rate of return(IRR) criterion are widely used as means of making investment decisions. A positive NPV means the equivalent worth of the inflows is greater than the equivalent worth of outflows, so, the project makes profit. Business people are familiar with rates of return because they all borrow money to finance ventures, even If the money they borrow is their own. Thus they are apt to use the IRR in preference to the NPV. The IRR can be defined as the discount rate that causes the net present value of a cash flow to equal zero. Why the project are accepted if the project's IRR is greater than the investor's minimum attractive rate of return. Against the NPV, the definition cannot distinctly explain the concept of the IRR as decision criterion. We present a new definition of the IRR as the ratio of profit on the invested capital.

• 한국경영과학회지
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• 제15권2호
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• pp.45-61
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• 1990

This study examines shareholder wealth effects in tender offers and attempts to explain abnormal return variations of bidding and target firms at announcement of takeovers using the free cash flow hypothesis of Jensen. On average, bidders with large free cash flows pay higher premia (apparently more than fair market value) to targets than do other bidders with no free cash flows. Thereby, these bidders experience negative wealth effects on announcement of tender offers. Cross-sectional regression analysis suggests that for the subsample of takeover bids where bidders have large free cash flows, the increase in the debt ratio resulting from takeover has a significant positive wealth effect for bidding firm shareholders, while it has no effect in other subsamples. The evidence is consistent with the free cash flow hypothesis.

• 대한기계학회:학술대회논문집
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• 대한기계학회 2000년도 춘계학술대회논문집B
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• pp.771-776
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• 2000

Fine grid calculations are reported for the developing turbulent flow in a straight duct and a curved duct of square cross-section with a radius of curvature to hydraulic diameter ratio ${\delta}=R_c/H_H=3.357$ and a bend angle of 180 deg. A sequence of modeling refinements is introduced; the replacement of wall function by a fine mesh across the sublayer and a low Reynolds number second moment closure up to the near wall sublayer in which the non-linear return to isotropy model and the cubic-quasi-isotropy model for the pressure strain are adopted; and the introduction of a multiple source model for the exact dissipation rate equation. Each refinement is shown to lead to an appreciable improvement in the agreement between measurement and computation.