In this article, to solve the problems about obsolescence of parts and unable to driving turret when internal components are failure, the DC-DC boost converter in the gun/turret drive system of mobile weapon was improved. The power converting circuit in converter is changed by applying the latest components, and the control circuit is changed from analog to digital. Also, the power converting circuits were modularized in three parallel so that it could be driven even when some components failed. The improved DC-DC boost converter secured stability such as converting to voltage in a linear manner in the entire section from the start of boosting to the end. Also, through the modular configuration, turret driving system can operates when some components failed.

Using the frequency-based decomposition, I decompose the consumption growth to explain well-known patterns of stock returns in the Korean market. To be more specific, the consumption growth is decomposed by its half-life of shocks. The component over four years of half-life is called the business-cycle consumption component, and the components with half-lives under four years are short-run components. I compute the long-run and short-run components of stock excess returns as well and use component- by-component sensitivities to price stock portfolios. As a result, the business-cycle consumption risk with half-life of over four years is useful in explaining the cross-section of size-book-to-market portfolios and size-momentum portfolios in the Korean stock market. The short-run components have their own pricing abilities with mixed direction, so that the restricted one short-term factor model is rejected. The explanatory power with short- and long-run components is comparable to that of the Fama-French three-factor model. The components with one- to four-year half-lives are also helpful in explaining the returns. The results about the long-run components emphasize the importance of long-run component in consumption growth to explain the asset returns.