• Asia-Pacific Journal of Business
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• v.13 no.4
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• pp.163-175
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• 2022

Purpose - This study introduces a methodology for finding the optimal tracking error of active stock funds. Tracking error is commonly used in risk budgeting techniques as a concept of cost for alpha creation. Design/methodology/approach - This study uses a post-optimal smart beta portfolio that maximizes alpha under the given tracking error constraint. Findings - As a result of the analysis, the smart beta strategy that maximized alpha under the constraint of 0.15% daily tracking error shows the highest IR. This means the maximum theoretically achievable efficiency. In this regard, a fixed-effect panel regression analysis is conducted to evaluate the active efficiency of domestic stock funds. In addition to control variables based on previous studies, the effect of tracking error on alpha is analyzed. The alpha used in this model is calculated using the smart beta portfolio according to the size of the constraint of the tracking error as a benchmark. Contrary to theoretical estimates, in Korea, the alpha performance is maximized under a daily tracking error of 0.1%. This indicates that the active efficiency of domestic equity funds is lower than the theoretical maximum. Research implications or Originality - Based on this study, it is expected that it can be used for active risk management of pension funds and performance evaluation of active strategies.

• Journal of electromagnetic engineering and science
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• v.10 no.3
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• pp.99-103
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• 2010

Motivated by recent works on spectrum-sharing systems, this paper investigates the effects of transmit diversity on the peak interference power limited cognitive radio(CR) networks. In particular, we derive the ergodic and outage capacities of a spectrum-sharing system with multiple transmit-antennas. To derive the capacities, peak interference power constraint is imposed to protect the primary receiver. In a CR transmitter and receiver pair with multiple antennas at the transmitter side, the allowable transmit power is distributed over the transmit-antennas to achieve transmit diversity at the receiver. We investigate the effect of this power distribution when a peak interference power constraint is imposed to protect the primary receiver. We show that the transmit diversity does not improve the ergodic capacity compared to the single-antenna system. On the other hand, the transmit diversity significantly improves the outage capacity. For example, two transmit-antennas improve the outage capacity 10 times compared to the single-antenna with a 0 dB interference constraint.

• Proceedings of the Korean Society for Language and Information Conference
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• 2002.02a
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• pp.135-146
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• 2002

The so-called overapplication of Coda Neutralization in Korean, the occurrence of a neutralized consonant in a non-neutralizing environment, is often considered as evidence for serial derivation. In this paper I propose that the neutralization effect at surface is not a result of a phonological process at an intermediate level in serial derivation, but due to a constraint requiring the integrity of the morphological constituent: EDGE-INTEGRITY. It is argued that this is not reducible to an alignment constraint, but a genuine faithfulness constraint on the edge of a morphological constituent. The putative opacity related with the coda neutralization is shown to be an epiphenomenon arising from the ambisyllabic representation of a consonant at a morphological juncture, satisfying both EDGE-INTEGRITY arid Syllabic Conditions. Consonant Copy in the Jeju dialect provides further evidence for EDGE-INTEGRITY, the Only difference being that the conflict between Syllabic Conditions and EDGE-INTEGRITY is resolved by insertion of a copied consonant.

• The Journal of Korean Physical Therapy
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• v.17 no.4
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• pp.493-504
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• 2005

The purpose of this study is to determine the effect of constraint-induced movement therapy on the involved hand function and ADL in stroke patients. Five subjects with fixing unaffected arms by CIMT were assigned to the experimental patient group and the other five patients to control group without fixing unaffected arms. The function of hand for both groups were evaluated by using Jebsen-Taylor hand function test and ADL for both groups were evaluated by FIM(Functional Independence Measure) before and after task practice. In conclusion, results of this study showed that improved hand function and ADL by CIMT in stroke patients. We concluded that CIMT can improved the involved hand function and ADL in stroke patients.

• Journal of Korean Physical Therapy Science
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• v.12 no.3
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• pp.7-12
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• 2005

Constraint-induce therapy(CIT) has been documented to improve motor function in the upper extremity of people with hemiparesis. The exercise program uses the training technique 'shaping'. Shaping involves repetitive exercise that are progressed in small steps, where only positive feedback is given to the patients. It involves 14 days of using a restraint on the unaffected arm after stroke for 90% of waking hours. In conjunction with this, ten days of intensive exercise with the affected arm are undertaken for around six hour daily. CIT produces great improvement of motor function with a period of 2 weeks, that the treatment effect remains stable for many months after the end of therapy, and that it transfers into the everyday lives of patients. The purpose of this study is to introduce about the principles of CIT charactieristic, techniques, therapeutic effects-throughout reference books.

• 한국경영정보학회:학술대회논문집
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• 2007.06a
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• pp.509-514
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• 2007

Most of the IS continuance research has assumed that IS use is activated by an intention to use, which in turn is determined by the evaluation of IS usage. Perceived usefulness is one of the evaluation variables most widely used. Typically, the past studies adopt this perceived usefulness because it views continuance as an extension of acceptance behavior. However, the literature on interpersonal relationships suggests that individuals are motivated to maintain relationships either because they genuinely want to or they believe they have no other option. The former is referred to as dedication-based relationship maintenance and the latter as constraint-based relationship maintenance. The IS continuance can be considered as the relationship maintenance situation with the existing IS that the user is currently using. The belief constructs previously used in IS continuance researches fall into the category of dedication-based ones. Additional constraint-based belief constructs are needed to explain the IS continuance behavior. In this regard, switching cost represents an important avenue for better understanding and predicting customer retention in that it can be regarded as the constraint-based motivation for relationship maintenance or IS use continuance. For an empirical exploration, 275 samples were collected from the users of a web portal site. Data analysis using Structural Equation Modeling (SEM) shows that perceived usefulness shows a significant direct effect on continuance intention while perceived switching cost significantly affects continuance usage.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1508-1517
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• 2015

Optimal Power dispatch is the short-term decision of the optimal output of a number of power generation facilities, to meet the system demand, with the objective of Power dispatching at the lowest possible cost, subject to transmission lines power loss and operational constraints. The operational constraint includes power balance constraint, generator limit constraint, and emission dispatch constraint and valve point effects. In this paper, Opposition based Differential Evolution Algorithm (ODEA) has been proposed to handle the objective function and the operational constraints simultaneously. Furthermore, the valve point loading effects and transmission lines power loss are also considered for the efficient and effective Power dispatch. The ODEA has unique features such as self tuning of its control parameters, self acceleration and migration for searching. As a result, it requires very minimum executions compared with other searching strategies. The effectiveness of the algorithm has been validated through four standard test cases and compared with previous studies. The proposed method out performs the previous methods.

• Environmental and Resource Economics Review
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• v.11 no.3
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• pp.345-375
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• 2002

The purpose of this paper is to measure the change of the production efficiency which may happen when environmental regulation incurs technological constraint in the process of production, and to compute the opportunity cost of pollution reduction with the lost products based on the change of efficiency. The patterns of production technoloy in the paper are divided into the technologies of strong disposability and weak disposabilty to grasp the effect of the technological constraint due to the environmental regulation. The endowment of the technolgical constraints in the process of production is considered to bring the greatest restriction on firm's production. When the environmental efficiencies of Korean regional manufactures were measured with linear programming model, the lost products related with the constraint of production technology that environmental regulation incurred, was average 148.1 billion dollar per year(5.87% of one year overall products) for total manufactures in 1991~1998. The ratio of the lost products for total products was spread from 0.78% to 1l.08%. The average lost products of 15 regions were changed from 4.66% to 18.35% of total products. Generally the environmental efficiency index of regional manufactures being decreased continuously since 1991, it is estimated that the environmental performance of Korean manufactures has been more and more deteriorating.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.23 no.11 s.170
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• pp.2022-2032
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• 1999

In recent years, the subject of remaining life assessment has drawn considerable attention in the power generation industry. In power generation systems a variety of structural components, such as steam pipes, turbine rotors, and superheater headers, typically operate at high temperatures and high pressures. Thus a life prediction methodology accounting for fracture and rupture is increasingly needed for these components. For accurate failure assessment, in addition to the single parameter such as K or J-integral used in traditional fracture mechanics, the second parameter like T-stress describing the constraint is needed. The most critical defects in such structures are generally found in the form of semi-elliptical surface cracks in the welded piping-joints. In this work, selecting the structures of surface-cracked plate and straight pipe, we first perform line-spring finite element modeling, and accompanying elastic-plastic finite element analyses. We then present a framework for including constraint effects (T-stress effects) in the R6 failure assessment diagram approach for fracture assessment.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.10 no.7
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• pp.2914-2935
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• 2016

With the increasing popularization of cloud computing, how to reduce physical energy consumption and increase resource utilization while maintaining system performance has become a research hotspot of virtual machine deployment in cloud platform. Although some related researches have been reported to solve this problem, most of them used the traditional heuristic algorithm based on greedy algorithm and only considered effect of single-dimensional resource (CPU or Memory) on energy consumption. With considerations to multi-dimensional resource utilization, this paper analyzed impact of multi-dimensional resources on energy consumption of cloud computation. A multi-dimensional resource constraint that could maintain normal system operation was proposed. Later, a novel virtual machine deployment method (NVMDM) based on improved particle swarm optimization (IPSO) and Euclidean distance was put forward. It deals with problems like how to generate the initial particle swarm through the improved first-fit algorithm based on resource constraint (IFFABRC), how to define measure standard of credibility of individual and global optimal solutions of particles by combining with Bayesian transform, and how to define fitness function of particle swarm according to the multi-dimensional resource constraint relationship. The proposed NVMDM was proved superior to existing heuristic algorithm in developing performances of physical machines. It could improve utilization of CPU, memory, disk and bandwidth effectively and control task execution time of users within the range of resource constraint.