• Bulletin of the Korean Mathematical Society
• /
• v.47 no.1
• /
• pp.81-87
• /
• 2010

In this paper, we consider the existence of nontrivial solutions for the nonlinear fractional differential equation boundary-value problem(BVP) $-D_0^{\alpha}+u(t)=\lambda[f(t, u(t))+q(t)]$, 0 < t < 1 u(0) = u(1) = 0, where $\lambda$ > 0 is a parameter, 1 < $\alpha$ $\leq$ 2, $D_{0+}^{\alpha}$ is the standard Riemann-Liouville differentiation, f : [0, 1] ${\times}{\mathbb{R}}{\rightarrow}{\mathbb{R}}$ is continuous, and q(t) : (0, 1) $\rightarrow$ [0, $+\infty$] is Lebesgue integrable. We obtain serval sufficient conditions of the existence and uniqueness of nontrivial solution of BVP when $\lambda$ in some interval. Our approach is based on Leray-Schauder nonlinear alternative. Particularly, we do not use the nonnegative assumption and monotonicity which was essential for the technique used in almost all existed literature on f.

• Bulletin of the Korean Mathematical Society
• /
• v.56 no.5
• /
• pp.1297-1314
• /
• 2019

In this work, we investigate the following fractional boundary value problems $$\{_tD^{\alpha}_T({\mid}_0D^{\alpha}_t(u(t)){\mid}^{p-2}_0D^{\alpha}_tu(t))\\={\nabla}W(t,u(t))+{\lambda}g(t){\mid}u(t){\mid}^{q-2}u(t),\;t{\in}(0,T),\\u(0)=u(T)=0,$$ where ${\nabla}W(t,u)$ is the gradient of W(t, u) at u and $W{\in}C([0,T]{\times}{\mathbb{R}}^n,{\mathbb{R}})$ is homogeneous of degree r, ${\lambda}$ is a positive parameter, $g{\in}C([0,T])$, 1 < r < p < q and ${\frac{1}{p}}<{\alpha}<1$. Using the Fibering map and Nehari manifold, for some positive constant ${\lambda}_0$ such that $0<{\lambda}<{\lambda}_0$, we prove the existence of at least two non-trivial solutions

• New & Renewable Energy
• /
• v.8 no.2
• /
• pp.33-43
• /
• 2012

Why solar companies preferred vertical integration of whole value chain? Major solar companies have built internally strong vertical integration of entire PV value chain. We raise a question whether such integration increases the corporate value and whether market situation affects the result. To test these questions, we conducted multi-variant analysis where characteristic factors mainly affect the corporate value measured in terms of Tobin'Q, based on the financial and non-financial data of PV companies listed in US stock market between 2005 and 2010. We hypothesize that since integration increases the overall efficiency but decreases the flexibility to adjust to various market situation, the combined effect of the efficiency gain and the flexibility loss ultimately determines the sign of integration effect on the corporate vale. We infer that the combined effect will be influenced heavily by business cycle, as in boom market (Seller's market) the efficiency gain may be larger than the flexibility loss and vice versa in bust market. We test whether the sign of combined effect changes after the year of 2009 and which factors influence most the sign. Year of 2009 is known as the year when market shifted from Seller's to Buyer's market. We show that 1) integration increases corporate value in general but after 2009 integration significantly decreases the value, 2) the ratios such as Production/Total Cost, Cash turnover period chosen for reversal of the flexibility measure are negatively affect Tobin's Q and especially stronger after 2009. This shows the flexibility improves corporate value and stronger in the recess period (Buyer's market). These results imply that solar company should set up integration strategy considering the tradeoff between efficiency and flexibility and the impact of the business cycle on both factors. Strategy only based on the price competitiveness determined in boom time can bring undesirable outcomes to the company. In addition, Strategic alliances in some value chains as a flexible bondage should be taken in account as complementary choice to the rigid integration.

• The Journal of the Institute of Internet, Broadcasting and Communication
• /
• v.19 no.2
• /
• pp.203-209
• /
• 2019

We will be establish the new $q(1{\leq}q{\leq}p-1)$ stores of firm $F_B$ to gain pop/(p+q) over rival firm $F_A$ that has already operate with p stores in a city of population pop. Han proposes inclusion-exclusion algorithm(IEA) that searches maximal pop top 5 location and select the maximum location take account of locate variation with increasing of $q=1,2,{\cdots},p-1$. This paper reduced the orignal graph into partial graph initially and search only q=1 node continually reduced in accordance with increasing $q=1,2,{\cdots},p-1$. If the final result is shown in the case of steel customer between q, the q locations farther separate in order to improve of solution. For the eleven experimental data, this algorithm is a relative simplicity and more optimal solution than Han's IEA.

• The Journal of the Korea Contents Association
• /
• v.15 no.6
• /
• pp.455-462
• /
• 2015

This paper examines the effect of corporate social responsosibility(CSR) on the firm value. Based on the argument that CSR would play the role of mitigating conflicts between firms and society, I hypothesized that CSR would enhance the firm value. This study used regression analysis with a data set of 733 from 2009 to 2012 using KEJI(Korean Economic Justice Institute) Index. An Index published by KEJI was used as the measure of CSR performance. The results of this study are summarized as follows: First, there is a significant positive relation between CSR and firm value. Second, in the seven-rating items consist of the KEJI Index, most items have the positive relationship with the firm value. These results suggest that firm with higher CSR activities exhibit better financial performance as measured by Tobin's Q.

• Journal of the Korean Mathematical Society
• /
• v.47 no.6
• /
• pp.1107-1122
• /
• 2010

In this paper, we shall use analytic methods to study the hybrid mean value involving the mixed two-term exponential sums C(m, n, r, $\chi$; q), and give several sharp asymptotic formulae.

• Proceedings of the Jangjeon Mathematical Society
• /
• v.20 no.2
• /
• pp.183-191
• /
• 2017

We get one theorem that there exist solutions for the fourth order semi- linear elliptic Dirichlet boundary value problem with fully nonlinear term. We prove this result by the critical point theory and the variation of linking method.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.5
• /
• pp.749-759
• /
• 2021

We investigate the relationship between ownership control disparity and future firm value in high-technology industries, and whether the effect of ownership control disparity on future firm value is differentiated when high-tech industry firms belong to chaebol groups. Using 11,848 firm-year observations of Korean firms listed on the stock market from 2006 to 2019, we employ univariate analysis and Heckman 2 stage analysis to test our hypotheses. We define high-technology industries as ICT industries based on the Korean Standard Industrial Classification. We measure future firm value using average Tobin's q for the next three years and ownership control disparity using the shareholding ratio of affiliated companies. Our univariate test results show that mean of Tobin's q is higher in ICT firms than non-ICT firms and firms largely owned by affiliates. In multivariate test, we find that the ICT firms with higher ownership control disparity are positively associated with future firm value. However, this association is lessened when firms belong to a chaebol group. Based on our findings, we suggest ownership control disparity has an additional positive effect on future firm in high-technology industries. The negative impact of chaebol groups on the association suggests the possibility of diversification discount in business group.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.4
• /
• pp.249-261
• /
• 2021

To tranquilize the devastating impact of unnecessary risk-taking behavior of banks towards the economy for maximizing their profits that usually arises due to widely known 'moral-hazard' problem originating from market competition and intensified by bank's limited liability, the banking system is strongly monitored across all countries of the world. The goal of controlling would become more feasible if there exist some self-discipline and motivations which could safeguard the banks' charter value through the mechanism of market discipline. Therefore, our study is aimed to scrutinize the relation between market discipline and charter value of local commercial banks that are registered on the Pakistan Stock Exchange by analyzing a balanced panel data from the year 2007 to 2019. Deposit growth, interbank deposits, and subordinate debt are taken as proxies to measure market discipline whereas Tobin's Q theory is applied for calculating the charter value. Generalized Least Square Regression with Fixed Effect Model is used for evaluation. The outcomes reveal that in the existence of control variables, all proxies of market discipline have a significant positive impact on bank charter value. Our research has important policy implications for monitoring and supervising financial intermediaries for their stability and soundness by offsetting the complications of moral-hazard in the financial systems.

• Journal of the Korea Institute of Information and Communication Engineering
• /
• v.16 no.3
• /
• pp.470-475
• /
• 2012

In Q-algorithm of EPCglobal Class-1 Gen-2 RFID system, the initial value of $Q_{fp}$, which is the slot-count parameter, is not defined in the standard. And the values of weight C, which is the parameter for incrementing or decrementing the slot-count size, are not determined. Therefore, if the number of tags is small and we let the initial $Q_{fp}$ be large, the number of empty slot will be large. On the other hand, if we let the initial $Q_{fp}$ be small in spite of many tags, almost all the slots will be collided. Also, if the reader selects an inappropriate weight, there are a lot of empty or collided slots. As a result, the performance will be declined because the frame size does not converge to the optimal point quickly during the query round. In this paper, we propose a scheme to allocate the optimal initial $Q_{fp}$ through the tag number estimation and select the weight based on the slot-count size of current query round.