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Dynamics of Asset Returns Considering Asymmetric Volatility Effects: Evidences from Korean Asset Markets (우리나라 자산가격 변동의 기준점 효과 및 전망이론적 해석 가능성 검정)

  • Kim, Yun-Yeong;Lee, Jinsoo
    • KDI Journal of Economic Policy
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    • v.33 no.1
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    • pp.93-124
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    • 2011
  • In this paper, we claim the asymmetric response of asset returns on the past asset returns' signs may be explained from the market behavioral portfolio choice of investors. For this, we admit the anchor and adjustment mechanism of investors which partly explains the momentum in the asset prices. We also claim the prospect theory based on the risk aversions may simultaneously work with the anchor and adjustment effect, whenever the lagged asset return was positive and investors accrued the gain. To identify these effects empirically in a threshold autoregressive model, we suppose the risk aversions inducing the volatility effect is related with the past volatility of asset returns. In application of suggested method to Korean stock and real estate markets, we found these effect exist as expected.

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Effects of Geometric and Flow Conditions on 3-dimensional Hydrodynamic Focusing (3 차원 유체역학 집속에 대한 채널 형상 및 유동 조건의 매개변수 연구)

  • Han, Kyung-Sup;Kim, Dong-Sung
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.34 no.1
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    • pp.61-66
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    • 2010
  • In our previous work, 3-dimensional hydrodynamic focusing microfluidic device (3D-HFMD) has been developed with the help of locally increased aspect ratio of thickness to width without any horizontal separation wall. In this study, we have investigated 3-dimensional hydrodynamic focusing behaviors inside the 3D-HFMD according to the various geometric and flow conditions. The parametric study has been extensively carried out for the effects of geometric and flow conditions on 3-dimensional hydrodynamic focusing with both 3D-HFMD and previous microfluidic device design based on three-dimensional computational fluid dynamics (CFD) simulations. The CFD simulations suggested the proper design window of channel geometry and flow conditions.

Design Checklist for Self-sufficient Zero Energy Solar House(ZeSH) (에너지자립형 태양열 주택의 설계 및 시공 방법 체크리스트 수립 연구)

  • Yoon Jongho;Baek Namchoon;Yu Changkyun;Kim Jongil
    • 한국신재생에너지학회:학술대회논문집
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    • 2005.06a
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    • pp.416-421
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    • 2005
  • Most of solar system dissemination has been focused on domestic hot water system of which utilization to a building is relatively simple and safe than solar heating system. Through the survey on a cause of solar house dissemination failure in Korea, we conclude that design integration and systematic approach method for technology application are the most important element for a successful solar house. KIER(Korea Institute of Energy Research) and Hanbat National University have started new project on a development of Zero energy Solar House, called ZeSH which can be sustained just by natural energy without the support of existing fossil fuel. This is the 1st phase research of 10 years long-term ZeSH plan which develops a low-cost and $100\%$ self sufficient ZeSH. The goal of 1st phase ZeSH research is to get a $70\%$ self sufficiency only in thermal loads. Actual demonstration house, named KIER ZeSH I was designed and constructed as a result of 1st phase research work in the end of 2002. Various innovative technologies such as super insulation, high performance window, passive and active solar systems, ventilation heat recovery system are applied and evaluated to the KIER ZeSH I. A lot of computer simulations had been conducted for the optimal design and system integration in every design steps. Considering all the results from detailed hourly computer simulation, it is expected that at least $70\%$ self-sufficiency in thermal loads which is 1st phase target value can be excessively achieved in actual demonstration house. Besides, many valuable findings from the design and analysis to construction could be established such as collaboration method among the participants, practical design and construction techniques for system integration and the others. The purpose of this paper is to introduce the main findings through the development of KIER ZeSH I project. Practical guidelines in every design step for new low- or zero- energy solar house is proposed as result.

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Adaptive Weighted Mean Filter to Remove Impulse Noise in Images (영상에서 임펄스 잡음제거를 위한 적응력 있는 가중 평균 필터)

  • Lee, Jun-Hee;Choi, Eo-Bin;Lee, Won-Yeol;Lim, Dong-Hoon
    • The Korean Journal of Applied Statistics
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    • v.21 no.2
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    • pp.233-245
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    • 2008
  • In this work, a new adaptive weighted mean filter is proposed for preserving image details while effectively suppressing impulse noise. The proposed filter is based on a noise pixel detection-estimation strategy. All the pixels are first detected using an impulse noise detector. Then the detected noise pixels are replaced with the output of the weighted mean filter over adaptive working window according to the rate of corrupted neighborhood pixels, while noise-free pixels are left unaltered. We compare the proposed filter to other existing filters in the qualitative measure and quantitative measures such as PSNR and MAE as well as computation time to verify the capability of the proposed filter. Extensive simulations show that the proposed filter performs better than other filters in impulse noise suppression and detail preservation without increasing of running time.

Technical Measures for Improving Energy Efficiency in Historic Buildings -Focused on Researches and Case Studies of the West- (역사적 건축물의 에너지 효율 향상을 위한 계획기법 -서양의 연구동향 및 사례를 중심으로-)

  • Kim, Tai-Young
    • Journal of the Korean Institute of Rural Architecture
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    • v.20 no.1
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    • pp.69-76
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    • 2018
  • This study is to research technical measures for improving energy efficiency in the conservation and reuse of historic buildings focused on the recent research trends and case studies of the west. These measures are broadly classified into three types, the passive measures for saving energy and increasing comfort, the most cost-effective energy saving strategies, and the renewable energy sources. Firstly, the passive measures are divided into the elements and systems. The passive elements are awnings and overhanging eaves, porches, shutters, storm windows and doors, and shade trees. There are also the natural ventilation systems such as the historic transoms, roofs and attics to improve airflow and cross ventilation to either distribute, or exhaust heat. Secondly, the most cost-effective energy efficiency strategies are the interior insulation, airtightness and moisture protection, and the thermal quality improvement of windows. The energy efficiency solutions of modern buildings are the capillary-active interior insulation, the airtightness and moisture protection of interior walls and openings, and the integration of the original historic window into the triple glazing. Beyond the three actions, the additional strategies are the heat recovery ventilation, and the illumination system. Thirdly, there are photovoltaic(PV) and solar thermal energy, wind energy, hydropower, biomass, and geothermal energy in the renewable energy sources. These energy systems work effectively but it is vital to consider its visual effect on the external appearance of the building.

A Study on Creation of Hangeu-Romanization Conversion Table Using Petri-Nets (페트리넷을 이용한 한글-로마자 표기 변환표 생성에 관한 연구)

  • Kim, Kyung-Jing;Choi, Young-Kyoo;Rhee, Sang-Burm
    • The KIPS Transactions:PartB
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    • v.9B no.6
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    • pp.827-834
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    • 2002
  • In this paper, we proposed the formation of Korean-Roman alphabet notation conversion table for the generation of Korean-Roman alphabet notation that also meets revised Roman alphabet notation. Introduced a mathematical analyzing method of the natural language which used a petrinet model so that a base of Roman alphabet notation analyzed standard pronunciation and Roman alphabet notation to work mathematically. It display the practical example through a petrinet modeling of a plan and Roman alphabet notation to create a Korean Roman alphabet notation conversion table with the method of the analysis that used a petrinet model, and present a mathematical modeling plan and application method of Korean. We developed application program based on window in order to verify a created Korean-Roman alphabet notation conversion table, and compared the result of an application program with Roman alphabet notation of an Roman alphabet notation example dictionary.

Characteristic of neuroblastoma cell (SH-SY5Y) culture on the crystalline diamond film (다결정 다이아몬드 필름의 신경종양세포(SH-SY5Y) 배양 특성)

  • Nam, Hyo-Geun;Oh, Hong-Gi;Kim, Dae-Hoon;Kim, Min-Hye;Park, Hye-Bin;Jhee, Kwang-Hwan;Song, Kwang-Soup
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.12 no.4
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    • pp.10-15
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    • 2013
  • In order to fabricate high sensitive and stable biosensors, we require the material with superior biocompatibility and physical-chemical stability. Many kinds of biomaterials have been evaluated to apply for bioindustry. Recently, carbon based diamond thin films have been focal pointed as bio-applications and their possibility has been evaluated. Diamond thin film has many advantages for electrochemical and biological applications, such as wide potential window (3.0-3.5V), low background current and chemical-physical stability. In this work, we have cultured neuroblastoma cell (SH-SY5Y) on the crystalline diamond films. We use MTT assay to evaluate the characteristic of cell culture on the substrates. As a result, neuroblastoma cell was cultured on the crystalline diamond film as similar as cell culture dish.

Investigation of Error Factors from an Impact Hammer Test for Developing a Statistic Based Technique for Model Updating (통계 기반 모델 개선을 위한 임팩트 해머 실험의 오차 요인 분석)

  • Lee, Su;Lee, Jin Woo
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.40 no.2
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    • pp.185-198
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    • 2016
  • In this work, experimental errors from an impact hammer test were investigated to develop a statistic-based technique for updating a finite element model. Digital signal processing was analyzed by using theoretical models and experiments when errors occurred during the experimental procedure. First, the duration time and peak level of the excitation signal, the stiffness and position of elastic springs connecting the specimen as well as the support, position and mass of the accelerometer were considered as error factors during the experiment. Then the picket fence effect, leakage, and exponential window function were considered as candidate error factors during the digital signal processing. Finally, methods to reduce errors are suggested.

Teaching and Learning Geography for Fostering Media Literacy (미디어 리터러시 함양을 위한 지리교육)

  • Cho, Chul-Ki
    • Journal of the Korean association of regional geographers
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    • v.18 no.4
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    • pp.445-463
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    • 2012
  • This paper focuses on media literacy as a trial for reestablishing the relationship between media and geography education. So far, a geographical phenomenon represented through media has been treated as a transparent window on the world, but now needs to be recognized as a product of representation constructed socially by a range of subjects and their purposes. The epistemological turn of media has brought interest on social construction and media literacy in terms of teaching and learning. It is required that teaching and learning geography through media should be turned from the existing massmedia in education(or the education using media) to the education for fostering an active media literacy to analyze and reason critically how the media as text is constructed and selected. This geography education as media literacy is very important because it enables students to reveal the ideology and power relation embedded in the media as text, as well as to stimulate and enrich their geography imagination through an active work.

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A Study on Treatment Way of a Malicious Code to injected in Windows System File (Windows 시스템 파일에 기생하는 악성코드의 치료 방법 연구)

  • Park, Hee-Hwan;Park, Dea-Woo
    • KSCI Review
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    • v.14 no.2
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    • pp.255-262
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    • 2006
  • A Malicious code is used to SMiShing disguised as finance mobile Vishing, using Phishing, Pharming mail, VoIP service etc. to capture of personal information. A Malicious code deletes in Anti-Virus Spyware removal programs. or to cure use. By the way, the Malicious cord which is parasitic as use a DLL Injection technique, and operate are Isass.exe, winlogon.exe. csrss.exe of the window operating system. Be connected to the process that you shall be certainly performed of an exe back, and a treatment does not work. A user forces voluntarily a process, and rebooting occurs, or a blue screen occurs, and Compulsory end, operating system everyone does. Propose a treatment way like a bird curing a bad voice code to use a DLL Injection technique to occur in these fatal results. Click KILL DLL since insert voluntarily an end function to Thread for a new treatment, and Injection did again the Thread which finish an action of DLL, and an end function has as control Thread, and delete. The cornerstone that the treatment way that experimented on at these papers and a plan to solve will become a researcher or the revolutionary dimension that faced of a computer virus, and strengthen economic financial company meeting Ubiquitous Security will become.

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