• The Journal of Asian Finance, Economics and Business
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• v.8 no.10
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• pp.219-228
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• 2021

The study examines the behavior of stock prices after large price changes. It further examines the effect of firm size on stock returns, and the presence of the disposition effect. The study employs the event study methodology using daily price data from Pakistan Stock Exchange (PSX) for the period January 2001 to July 2012. Furthermore, to examine the factors that explain stock price behavior after large price movements, the study employs a two-way fixed-effect model that allows for the analysis of unobservable company and time fixed effects that explain market reversals or continuation. The findings suggest that winners perform better than losers after experiencing large price shocks thus showing a momentum behavior. In addition, the winners remain the winner, while the losers continue to lose more. This suggests that most of the investors in PSX behave rationally. Further, the study finds no evidence of disposition effect in PSX. The investors underreact to new information and the prices continue to move in the direction of initial change. The pooled regression estimates show that firm size is positively related to post-event abnormal returns while the fixed-effect model reveals the presence of unobservable firm-specific and time-specific effects that account for price continuation.

• Korean Journal of Metals and Materials
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• v.49 no.6
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• pp.454-461
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• 2011

In this study, the relationship between corrosion resistance and microstructural characteristics such as grain size reduction, preferred orientation, and homogenous distribution of elements and impurity by mechanical milling of magnesium powder was investigated. Mechanical milling of pure magnesium powder exhibited a complex path to grain refinement and growth together with preferred orientation reversal with milling time. It was also found that anisotropic formation of dislocation on the basal plane of magnesium was initially the dominant mechanism for grain size reduction. After 60 hrs of milling, grain coarsening was observed and interpreted as a result of the strain relaxation process through recrystallization. In spite of the finer grain size and strong (002) texture developed in the sample prepared by spark plasma sintering at $500^{\circ}C$ for 5 min after mechanical milling for 2hrs, the sample showed a higher corrosion rate. The results from this study will be helpful for better understanding of the controlling factor for corrosion resistance and behaviors of mechanical milled magnesium powders.

• The Journal of the Acoustical Society of Korea
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• v.37 no.6
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• pp.451-456
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• 2018

UAComm (Underwater Acoustic Communication) is an active research area, and many experiment has been performed to develop UAComm system. In this paper, we investigate the possibility of modifying and applying VirTEX (Virtual Time series EXperiment) to medium long range MIMO (Multiple-Input Multiple-Output) UAComm of about 20 km range for the analysis and performance prediction of UAComm system. Since VirTEX is a time-domain simulator, the generated time series can be used in HILS (Hardware In the Loop Simulation) to develop UAComm system. The developed package is verified through comparing with the sea-going FAF05 (Focused Acoustic Field 2005) experimental data. The developed simulator can be used to predict the performance of UAComm system, and even replace the expensive sea-going experiment.

• The Journal of the Acoustical Society of Korea
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• v.40 no.5
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• pp.417-427
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• 2021

Long-range communication in deep waters must overcome the low data rate due to limited bandwidth. This paper presents the performance of Multiple-Input-Multiple-Output (MIMO) system to increase the data rate. In MIMO system, communication performance is degraded by crosstalk between users and an adaptive passive Time Reversal Processing (TRP) is widely used to eliminate this. In October 2018, long-range underwater acoustic communication experiment was conducted in deep water (1,000 m ~) off the east of Pohang, South Korea. During the experiment, a vertical line array was utilized and communication signals modulated by binary phase shift keying and quadrature phase shift keying with a symbol rate of 512 sps were transmitted. To generate MIMO communication signals, received signals from ranges of 26 km and 30 km is synthesized. Compared to the conventional passive TRP, the adaptive passive TRP eliminates the crosstalk between users and achieves error-free performance with an increase of output signal-to-noise ratio. Therefore, two users separated by 4 km in range achieves an aggregate data rate of 1,024 symbols/s.

• Journal of the Ergonomics Society of Korea
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• v.31 no.2
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• pp.371-377
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• 2012

Objective: The aim of this study is to investigate effect of driver's cognitive distraction on driver's physiological state and driving performance, and then to determine parameters appropriate for detecting the cognitive distraction. Background: Driver distraction is a major cause of traffic accidents and poses a serious threat to traffic safety due to ever increasing use of in-vehicle information systems and mobile phones during driving. Cognitive distraction, among four different types of distractions, prevents a driver from processing traffic information correctly and adapting to change in surround vehicle behavior in time. However, the cognitive distraction is more difficult to detect because it normally does not involve significant change in driver behavior. Method: A full-scale driving simulator was used to create virtual driving environment and situations. Participants in the experiment drove the driving simulator in three different conditions: attentive driving with no secondary task, driving and conducting secondary task of adding numbers, and driving and conducting secondary task of conversing with an experimenter. Parameters related with driver's physiological state and driving performance were measured and analyzed for their change. Results: The experiment results show that driver's cognitive distraction, induced by secondary task of addition and conversation during driving, increased driver's cognitive workload, and indeed brought change in driver's physiological state and degraded driving performance. Conclusion: The galvanic skin response, pupil size, steering reversal rate, and driver reaction time are shown to be statistically significant for detecting cognitive distraction. The appropriate combination of these parameters will be used to detect the cognitive distraction and estimate risk of traffic accidents in real-time for a driver distraction warning system.

• Korean Journal of Optics and Photonics
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• v.7 no.4
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• pp.314-321
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• 1996

In this paper, the chemical process of each step in fabricating the holographic phase diffraction grating with silver salt sensitive materials has been studied in detail. A new analysis of the bleaching methods have been made through the study. The result shows that among the types of bleaching methods, the reversal bleach can not be reacted chemically. And the experiments about the chemical reactions, the characteristics of the reaction products and the refractive modulation types by the bleaching methods have been done to prove the theory. It is investigated that the exposure acts as the catalyst of developing reaction and affects the developing reaction time conspicuously. At the optimum developing reaction times, which could be taken from the experiments, the holographic diffraction gratings with high diffraction efficiency over 70% could be obtained in the range of the exposure quantity 50~350 [$\mu$J/ $\textrm{cm}^2$]. From the experiments about the correlation of the chemical processing conditions of the composition of developers, the exposure, and the developing reaction time, it has proved that the enhancement of the diffraction efficiency is impossible in the limited exposure energy and conventional constant chemical reaction time.

• Economic and Environmental Geology
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• v.23 no.1
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• pp.81-86
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• 1990

Palemagnetic study on the Deadong Super Group in the Mungyong area has been carried out to obtain the direction of NRM and virtual geomagnetic pole(VGP), and to investigate geomagnetic stratigraphy and geotectonic evolution. Twenty eight core specimens from five sites in Dangog and Bongmyongsan Formations yield magnetically stable results by thermal demagnetization test. Mean declination and inclination of Dangog and Bongmyongsan formations are $52.4^{\circ}E$ and $-57.3^{\circ}$, respectively, which indicate reversal polarity. VGP is located at $1.2^{\circ}N$ in latitude and $269.4^{\circ}E$ in longitude, which is quite different from those of other contemporary formations in China. This suggests that the study area has suffered from differnt tectonic movement caused by Daebo Orogeny occurred in the Korean Peninsula during post-Daedong and pre-Kyongsang Systems. As compared VGP of Daedong Super Group in the Mungyong area with wordwide Mesozoic paleomagnetic polarity stratigraphy, it is correlated with the reverse Epoch in the Graham normal interval. This suggests that the time of formations of Dangog and Bongmyongsan is in the age of 190-195 my.

• The Korean Journal of Physiology and Pharmacology
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• v.2 no.1
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• pp.95-100
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• 1998

The conductance change evoked by step depolarization was studied in primarily cultured rat adrenal chromaffin cells using patch-clamp and capacitance measurement techniques. When we applied a depolarizing pulse to a chromaffin cell, the inward calcium current was followed by an outward current and depolarization-induced exocytosis was accompanied by an increase in conductance trace. The slow inward tail current which has the same time course as the conductance change was observed in current recording. The activation of slow tail current was calcium-dependent. Reversal potentials agreed with Nernst equation assuming relative permeability of $Cs^+\;to\;K^+$ is 0.095. The outward current and tail current were blocked by apamin (200 nM) and d-tubocurarine (2 mM). The conductance change was blocked by apamin and did not affect membrane capacitance recording. We confirmed that conductance change after depolarization comes from the activation of the SK channel and can be blocked by application of the SK channel blockers. Consequently, it is necessary to consider blocking of the SK channel during membrane capacitance recording.

• Journal of Welding and Joining
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• v.8 no.4
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• pp.46-57
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• 1990

TMCP steel manufactured by controlled rolling followed by accelerated cooling process is known to have extra-ordinary mechanical properties such as tensile strength and toughness. However, there is much uncertainty about the fatigue fracture characteristics, especially, in the welded state of this steel. In case of this steel, the softening zone by welding is generated in heat affected zone in contrast with the case of conventional normalized high strength steel. This softening zone is considered to play significant roles in low cycle fatigue fracture of the welded part of this steel. In this paper, the low cycle fatigue behaviors of TMCP steel were inspected in as-received and welded state using the smooth specimen. The fatigue life-time was seperately investigated on the basis of failure of the specimen and crack initiation which is detected by differential strain method. Moreover, the low cycle fatigue characteristics of TMCP steel were quantitatively compared with those of the conventional normalized steel of same strength level.

• The Transactions of the Korean Institute of Electrical Engineers C
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• v.51 no.12
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• pp.584-590
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• 2002

Crowbar system is usually applied to a pulsed power system in which a capacitor bank is discharged into a load. This provides a free wheeling path for the load current and prevents the capacitor from recharging due to a reverse voltage. Usually diodes have been used as a crowbar switch, but it is not a practical system because the cost of the diodes goes up enormously with increasing the system voltage and current. This paper presents a novel protection scheme of a charging and discharging system of a 300 kJ capacitor bank using a low-cost crowbar system which consists of a crowbar switch and resistors. Triggered vacuum switch(TVS) was used for a crowbar switch, and Rogowski coil was used to determine a trigger time of TVS. When this crowbar system is applied to our pulsed power system which consists of capacitor bank($123muF$), inductor() for forming a pulse, load resistor$(100 m\Omega)$, and a closing switch, instantaneous reversal voltage of capacitor bank could be limited less than 1.8 ㎸ until capacitor bank was charred to 17 ㎸.