• Title/Summary/Keyword: Asymmetric dependence

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Design of a TL Personal Dosimeter Identifiable PA Exposure and Development of Its Dose Evaluation Algorithm (후방피폭선량계측이 가능한 TL 개인선량계의 설계 및 선량평가 알고리즘 개발)

  • Kwon, J.W.;Kim, H.K.;Yang, J.S.;Kim, J.L.;Lee, J.K.
    • Journal of Radiation Protection and Research
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    • v.29 no.3
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    • pp.179-186
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    • 2004
  • A single-dosimeter worn on the anterior surface of body of a worker was found to provide significant underestimation of dose to the worker when radiation comes from behind of the human body. Recently, several researchers suggested that this kind of underestimation can be corrected to a certain extent by using an extra dosimeter on the back. But this multiple dosimetry also has the disadvantages like overestimation lowering work efficiency or cost burden. In this study, a single dosimeter introducing asymmetric filters enabled to identify PA exposure was designed by monte-carlo simulation and experiments and its dose evaluation algorithm for AP-PA mixed radiation field was established. This algorithm was applicable to penetrating radiation which had the effective energy more than 100 keV. Besides, the dosimeter and algorithm in this study were possible to be applied to near PA exposure.

Risk Spillover between Shipping Company's Stock Price and Marine Freight Index (해운선사 주가와 해상운임지수 사이의 위험 전이효과)

  • Choi Ki-Hong
    • Journal of Korea Port Economic Association
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    • v.39 no.1
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    • pp.115-129
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    • 2023
  • This study analyzed the risk spillover of BDI on shipping company stock prices through the Copula-CoVaR method based on daily data from January 4, 2010, to October 31, 2022. The main empirical analysis results and policy implications are as follows. First, copula results showed that there was a weak dependence between BDI and shipping company stock prices, and PAN, KOR, and YEN were selected as the most fitting model for dynamic Student-t copula, HMM was selected as the rotated Gumbel copula, and KSS was selected as the best model. Second, in the results of CoVaR, it was confirmed that the upside (downside) CoVaR was significantly different from the upside (downside) VaR in all shipping companies. This means that BDI has a significant risk spillover on shipping companies. In addition, as for the risk spillover, the downside risk is generally lower than the upside risk, so the downside and upside risk spillover were found to be asymmetrical. Therefore, policymakers should strengthen external risk supervision and establish differentiated policies suitable for domestic conditions to prevent systematic risks from BDI shocks. And investors should reflect external risks from BDI fluctuations in their investment decisions and construct optimal investment portfolios to avoid risks. On the other hand, investors propose that the investment portfolio should be adjusted in consideration of the asymmetric characteristics of up and down risks when making investment decisions.