• Economic Analysis
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• v.25 no.2
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• pp.1-53
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• 2019

This paper examines monetary policy quantitatively in a two-agent and small-scale New-Keynesian economy with debt-constrained households that cannot smooth their consumption intertemporally and frictionlessly since highly indebted households are not allowed to borrow above a certain debt ceiling in incomplete financial markets without additional risk premiums due to information asymmetry between savers and borrowers. We find that, in the event of cost shocks, the asymmetric responses of borrowing households without, and saving households with, dividend incomes lead to different labor supplies and consumptions over heterogeneous households, and eventually to an extension of the monetary policy transmission channels. The income effect and low elasticity of the labor supply play key roles in such asymmetric responses over heterogeneous households. We also find that the social welfare in a flexible inflation targeting (FIT) monetary policy, in which both the inflation gap and the output gap are considered in an integrated manner when policy-making, is similar to that of the Ramsey optimal monetary policy (ROP), in which the shares of debt-constrained households, as well as all economic states, including both the inflation gap and output gap, are considered comprehensively for policy-making, and that it is greater than that of simple inflation targeting (SIT) monetary policy, in which only the inflation gap is considered mechanically for policy-making. Such social welfare implies that a FIT policy may still work even in an economy with a sizable number of debt-constrained households. Further, the responses of cost shocks to consumption and labor supply are dying out more slowly under FIT and ROP policies than under an SIT policy.

• Journal of Korean Society of Disaster and Security
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• v.16 no.3
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• pp.1-15
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• 2023

This study focuses on modeling the impact of ammonia leakage from the storage tank in a combined cycle power plant's flue gas denitrification facility. It employs accident impact assessments and diffusion models to determine the optimal scenarios for ammonia storage tank leakage accidents. The study considers the operating conditions of variables as standard conditions for predicting the extent of damage. The Taean combined cycle power plant is chosen as the target area, taking into account seasonal factors such as temperature, humidity, wind speed, atmospheric stability, and wind direction. By utilizing a Gaussian diffusion model, the concentration of ammonia gas at various locations is estimated to assess the potential extent of external damage resulting from a leak. The study reveals that in conditions of high temperature and stable atmosphere within the specified range, lower wind speeds contribute to increased damage to the human body due to ammonia diffusion.

• International Journal of Naval Architecture and Ocean Engineering
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• v.10 no.6
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• pp.794-802
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• 2018

The ice resistance series charts for icebreaking ships were developed through a series of systematic model tests in the ice tank of the Korean Research Institute of Ship and Ocean Engineering (KRISO). Spencer's (1992) component-based scaling system for ship-ice model tests was applied to extend the model ship correlations. Beam to draft ratio (B/T), length to beam ratio (L/B), block coefficient ($C_B$) and stem angle (${\alpha}$) were selected as geometric parameters for hull form development. The basic hull form (S1) of twin pod type with B/T of 3.0, L/B of 6.0, $C_B$ of 0.75 and stem angle of $25^{\circ}$ was generated with a modern hull design concept. A total of 13 hulls were designed varying the geometric parameters; B/T of 2.5 and 3.5, L/B of 5.0 and 7.0, $C_B$ from 0.65 to 0.85 in intervals of 0.05, and 5 stem angles from $15^{\circ}$ to $35^{\circ}$. Ice resistance tests were first carried out with the basic hull form in level ice with suitable speed. Four more tests for $C_B$ variations from 0.65 to 0.85 were conducted and two more for beam to draft and length to beam ratios were also performed to study the effect of the geometric parameters on ice resistance. Ice resistance tests were summarized using the volumetric coefficient, $C_V$ ($={\nabla}/L^3$), instead of L/B and $C_B$ variations. Additional model tests were also carried out to account for the effect of the stem angle, ice thickness and ice strength on ice resistance. In order to develop the ice resistance series charts with a minimum number of experiments, the trends of the ice resistance obtained from the experiments were assumed to be similar for other model ship with different geometric parameters. A total of 18 sheets composed of combinations of three different beam to draft ratios and six block coefficients were developed as a parameter of $C_V$ in the low speed regions. Three correction charts were also developed for stem angles, ice thickness and ice strength respectively. The charts were applied to estimate ice resistance for existing icebreaking ships including ARAON, and the results were satisfactory with reasonable accuracy.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.31 no.4
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• pp.307-325
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• 1995

IN order to gain a fundamental data for forecast or control of fish behavior and evaluated the feasibility of an application of the modeling technique to a field, in this paper a numerical model for describing the behavior of fishes in a water tank was presented. The parameters of the model were estimated by using the time-series data on the three-dimensional position of fishes and by applying the least squares algorithm. The estimated parameters were standardized to examine the variation of parameters according to the number of individuals and flow speed that the mean values of parameters were to be zero and their variances were to be one. The results obtained can be summarized as follows: (1) The standardized parameter $a^*$of propulsive force decreased according to increased the number of individuals and the flow speed. (2) The standardized parameter ${k_b}^*$ of interactive force increased according to increased the number of individuals, but decreased according to the flow speed. (3) The standardized parameter ${k_c}^*$ of schooling force increased according to │increased the number of individuals and the flow speed. (4) The standardized parameter │${k_w}^{+*}$│ of repulsive force against wall or bottom increased according to increased the number of individuals, but decreased according to the flow speed. (5) The standardized parameter │${k_w}^{-*}$│ of attractive force against wall or bottom was generally constant according to increased the number of individuals, but increased according to the flow speed. (6) The standardized parameter $\upsilon$ super(*) of damping force increased according to increased the number of individuals, but decreased according to the flow speed.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.37 no.3
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• pp.223-231
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• 2001

For the purpose of providing the basic data on the improved fishing gear and the man power saving, which contribute to enhance fishing efficiency of set net in the coast of Jeju Island, this study executed the test of fish tank by reducing these actual nets by 1/30 and using the manufactured model nets, and observed and interpreted the behaviors of entering and escaping of the schools of mackerel Scomber japonicus, horse mackerel Trachurus japonicus and rabbit fish Siganus fuscescens. Thereby the result is as follows ; 1. After the elapsed time of 60 seconds, in case of rectangular set net, the ratio for entering by a school of fish marked 50% with mackerel, 18% with horse mackerel and 28% with rabbit fish, and in case of pound net, the ratio for entering net by a school of fish marked 70% with mackerel, 60% with horse mackerel and 30% with rabbit fish. 2. After the elapsed time of 60 seconds, in case of rectangular set net, the ratio for escaping by a school of fish marked 70% with mackerel, 40% with horse mackerel and 24% with rabbit fish, and in case of pound net, the ratio for escaping from net by a school of fish marked 0% with mackerel, 0% with horse mackerel and 3% with rabbit fish. 3. After the elapsed time of 60 seconds, in case of rectangular set net, the ratio for remaining by a school of fish marked 30% with mackerel, 60% with horse mackerel and 76% with rabbit fish, and in case of pound net, the ratio for remaining by a school of fish marked 100% with mackerel, 100% with horse mackerel and 97% with rabbit fish.

• Journal of Korean Tunnelling and Underground Space Association
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• v.19 no.3
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• pp.355-373
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• 2017

Tunnelling in urban areas, it is essential to understand existing structure-tunnel interactive behavior. Serviced structures in the city are supported by pile foundation, since they are certainly effected due to tunnelling. In this research, thus, pile load distribution and ground behavior due to tunnelling below grouped pile were investigated using laboratory model test. Grouped pile foundations were considered as 2, 3 row pile and offsets (between pile tip and tunnel crown: 0.5D, 1.0D and 1.5D for generalization to tunnel diameter, D means tunnel diameter). Soil in the tank for laboratory model test was formed by loose sand (relative density: Dr = 30%) and strain gauges were attached to the pile inner shaft to estimate distribution of axial force. Also, settlements of grouped pile and adjacent ground surface depending on the offsets were measured by LVDT and dial gauge, respectively. Tunnelling-induced deformation of underground was measured by close range photogrammetric technique. Numerical analysis was conducted to analyze and compare with results from laboratory model test and close range photogrammetry. For expression of tunnel excavation, the concept of volume loss was applied in this study, it was 1.5%. As a result from this study, far offset, the smaller reduction of pile axial load and was appeared trend of settlement was similar among them. Particulary, ratio of pile load and settlement reduction were larger when the offset is from 0.5D to 1.0D than from 1.0D to 1.5D.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.43 no.1
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• pp.12-27
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• 2007

This fundamental studies on for the productivity improvement and laborsaving of purse seine fishery. Given the difficulty posed from the distortion of net shape caused by the external forces, such as tide, at the time of shooting and pursing, we set the 4 steps of 0, 2, 4 and 6cm/sec in flow velocity in the flume tank for the experiment in order to examine those characteristics. We used two model seines designed on the scale of 1 to 180 based on the power block seine, which is the mackerel purse seine generally used in the near sea of Jeju Island and triplex seine, which is the mackerel purse seine of one boat system fishing expected in the future, for the experiment, and interpreted the characteristics of several motion in water, such as the shape of seine, the change in tension and area during pursing and its the analysis results are as follows. Though the experiment could be conducted up to 6cm/sec of flow velocity that was defined, the experiment could not go on because of the severe distortion in the seine at the flow velocity in excess of 6cm/sec. As for the depth of leadline and reduction rate of side area of seine when the pursing is connected, P seine turned out to be slightly higher than T seine, and the hauling speed and reduction rate of upper area of seine were found similar to each other. The correlation between the hauling time (Ht) and depth of lead line (Dhp, Dht) of P seine and T seine can be expressed by the equation, that is, Dhp=(0.99Pt-7.63)Pt+69.01, Dht=(1.03Pt-7.73)Pt+66.74. The correlation between the hauling time and hauling velocity (Hpp, Hpt) can be expressed by the equation, that is, $Hpp=-0.06Ht^2+0.88Ht+0.78,\;Hpt=-0.05Ht^2+0.81Ht+0.98$ here, Pt is pursing time. And the correlation between the pursing time and the reduction rate of side area (sArp, sArt) can be expressed by the equation, that is, $sArp=-0.48Pt^2+14.79Pt-16.74,\;sArt=-0.45Pt^2+14.56Pt-16.48$. The reduction rate of upper area of seine (tArp, tArt) can be expressed by the equation, that is, $tArp=0.34Pt^2-0.66Pt-0.74,\;tArt=0.34Pt^2-0.27Pt-1.80$. In addition, the correlation between the pursing time and tension of purse line (Tep, Tet) can be expressed by the equation, that is, $Tep=2.79Pt^2+2.26Pt-0.60,\;Tet=2.14Pt^2+8.08Pt-27.50$.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.36 no.4
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• pp.129-137
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• 2024

An analytic solution for the interaction between an array of circular piles made by joining trapezoid steel pipes (TSP) and waves was obtained using an eigenfunction expansion method. First, an analytic model for the wave scattering of multiple piles fixed at arbitrary positions was derived, and then a simplified model was obtained assuming that an infinite array of identical piles were deployed perpendicular to the propagating direc- tion of incident waves. A regular wave experiment was conducted using an experimental model with a scale ratio of 1/100 in a two-dimensional wave tank to verify the analytic solutions. The analytic results and experimental results were qualitatively consistent with each other. Using a developed analytic model, we examined the wave force on the multiple piles and the wave deformation in front of the arrayed piles. The period for the installation is greatly reduced as the TSP pile can be prefabricated in a factory. In particular, it is possible to install at the soft seabed. A seawall structure using arrayed TSP piles will be an ideal complement for a concrete seawall in future.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.34 no.1
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• pp.43-50
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• 2001

In order to analyze the dynamic motions of fish cage systems made of a frame and a netting under the conditions of waves and current, the hydraulic model experiment at towing tank and the numerical computation using boundary integral element method based on linear potential theory were carried out on a square and a circular type of fish cage, The computed and measured results for the dynamic motions of model fish cage systems showed that the heave and pitch motions were almost unaffected by the inclusion of nets, while the surge motions were very reduced by drag force acting on them. In addition, irregular wave-induced motions of fish cages included non-negligible 2nd order harmonic components at high frequency nearly twice the wave frequency. The reason why these motions were considered was due to resonance or structural components of frames being overflown and out of water during a wave cycle. It was found that circular type was more desirable structure in the open sea than square one only in the respect of dynamic motions due to waves and current. Further verifications were needed considering hydrodynamic forces, fatigue life, and structure analysis based on long term stochastic waves including frequency and time domain for the purpose of analyzing and designing fish cage systems.

• The Journal of the Acoustical Society of Korea
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• v.33 no.1
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• pp.1-9
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• 2014

Coastal water including estuaries has distinctive environmental characteristics where sediments are transported and deposited by flowing river water, providing an environment in which fluid mud layers can be formed. Acoustic method is mostly used to detect or monitor the fluid mud layer. However, since sound propagating in this layer suffers severe attenuation, it is important to estimate the accurate attenuation coefficient for various concentrations of fluid mud layer for the successful use of the acoustic method. In this paper, measurement results of attenuation coefficient for 3.5, 5, and 7.5 MHz ultrasounds were presented. The measurements were made in a small-size water tank in which suspended sediment samples with various sediment concentrations were formed using kaolinite powder. The results were compared to the model predictions obtained by attenuation coefficient model in which the mean grain size (called as Mass-median-diameter, D50) was used as input parameter. There were reasonable agreements between measured attenuation coefficients and model outputs predicted using the particle range of D50 ${\pm}20%$. The comparison results imply that although the suspended sediments consist of various-sized particles, sound attenuation might be greatly influenced by amount of particle with a size which has a larger attenuation than that of any particle in the suspended sediments for the frequency used.