• Title/Summary/Keyword: Event Measure

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Trade Linkage and Transmission of Geopolitical Risks: Evidence from the Peace Progress in 2018

  • Taehyun Kim;Yongjun Kim
    • Journal of Korea Trade
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    • v.26 no.3
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    • pp.45-62
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    • 2022
  • Purpose - Using unexpected changes in geopolitical tensions on the Korean peninsula as a quasi-natural experimental setting, we examine whether and how geopolitical risks travel across borders through firm-level imports and exports linkages. We also test whether the effects are driven by either imports or exports and assess whether firms can effectively hedge themselves against geopolitical risks. Design/methodology - We focus on a series of unanticipated geopolitical events taken place in Korea in 2018. Making use of the shocks to geopolitical climate, we identify five milestone events toward peace talks. We employ the event studies methodology. We examine heterogenous firm-level stock price reactions around key event dates depending on firms' exposure to geopolitical risks. As a measure of firms' exposure to geopolitical risks in Korea, we utilize a text-based measure of firm-level trade links. When a firm announces and discusses its purchase of inputs from Korea or sales of outputs to Korea in their annual disclosure filings, we define a firm to have a trade relationship with Korea and have exposure to Korean geopolitical risks. Similarly, we use a measure of a firm's hedging policies based on a firm's textual mention of the use of foreign exchange derivatives in their annual disclosure. Findings - We find that U.S. firms that have direct trade links to Korea gained significantly more value when the intensity of geopolitical risks drops compared to firms without such trade links to Korea. The effects are pronounced for firms purchasing inputs from or selling outputs to Korea. We find that the effectiveness of foreign exchange hedging against geopolitical risks is limited. Originality/value - We document the international transmission of geopolitical uncertainty through trade linkages. Export links as well as import links serve as important nexus of transmission of geopolitical risks across borders. Hedging strategies involving foreign-exchanges derivatives do not seem to insulate firms again geopolitical risks. With the recent movements of localization and reshuffling of the global value chain, our results suggest a significant impact of geopolitical risks in Korea on the construction of the global value chain.

A Comparative Study on the Intransitive Verb Alternation of English and Korean in the Aspectual Event Syntax

  • Khym, Han-Gyoo
    • International journal of advanced smart convergence
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    • v.6 no.4
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    • pp.41-49
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    • 2017
  • In this paper I applies Borer (1993)'s way of classifying English intransitive action verbs such as 'run', walk, among many others, to the corresponding Korean intransitive action verbs such as 'tali-ta' and 'keət-ta', and show how they are different from - or similar with - each other in terms of syntactic structures and verb classification. Unlike the English verb 'run' which can be classified into an unaccusative verb as well as an unergative verb in Borer's theory, the corresponding Korean verbs 'tali-ta' or 't'wi-ta' can behave not only as an unergative and unauucsative verb, but also it can behave as a transitive verb. Though Borer's perspective on classification of verb types may be thought of as somewhat radical mostly due to its heavy dependency on aspectual representation of a whole sentence which a verb is just part of, it is clearly suggesting a new and great insight into the controversial topic of classification of verb types. So it is worth adopting this insightful perspective for the analysis of corresponding Korean verbs and seeing if it also works for the Korean ones.

A Study on Developing Helicopter Risk Assessment Checklist by HFOQA Event Analysis and SMS (HFOQA 이벤트 분석과 SMS를 통한 국내 회전익항공기 체크리스트 개발)

  • Jeon, Je-Hyung;Song, Je-Hwan;Jang, Sung-Kyu;Song, Byung-Heum
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.23 no.4
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    • pp.102-108
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    • 2015
  • According to various researches, one of main causes of flight accidents is influence of human factors. It is important to collect and analyze event data in advance to minimize and prevent human errors by developing safety checklist. As a result international aviation industry developed Flight Operations Quality Assurance for commercial airliners, and, upon its proven effectiveness, it is now highly recommended to adopt for helicopter operations. Consequently, S government organization instituted Helicopter Flight Operations Quality Assurance system in 2012. Hence, this study conducted regression analysis of S organization's flight event frequency and applied ICAO SMS Matrix to categorize the severity of the events according to international standards. Based on the analysis, this research derived fundamental checklist factors for helicopter, which can be a proactive measure for safe operation.

Identification of Chinese Event Types Based on Local Feature Selection and Explicit Positive & Negative Feature Combination

  • Tan, Hongye;Zhao, Tiejun;Wang, Haochang;Hong, Wan-Pyo
    • Journal of information and communication convergence engineering
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    • v.5 no.3
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    • pp.233-238
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    • 2007
  • An approach to identify Chinese event types is proposed in this paper which combines a good feature selection policy and a Maximum Entropy (ME) model. The approach not only effectively alleviates the problem that classifier performs poorly on the small and difficult types, but improve overall performance. Experiments on the ACE2005 corpus show that performance is satisfying with the 83.5% macro - average F measure. The main characters and ideas of the approach are: (1) Optimal feature set is built for each type according to local feature selection, which fully ensures the performance of each type. (2) Positive and negative features are explicitly discriminated and combined by using one - sided metrics, which makes use of both features' advantages. (3) Wrapper methods are used to search new features and evaluate the various feature subsets to obtain the optimal feature subset.

Design Alternative Assessment Method using Discrete Event Simulation and Building Information Model (이산사건 시뮬레이션과 BIM을 활용한 설계대안 평가에 관한 연구)

  • Yi, Chang-Yong;Lee, Dong-Eun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2016.05a
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    • pp.158-159
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    • 2016
  • Construction project consists of several stages such as planning, design, construction, operation/maintain, etc. Decisions made in the planning and design stage have a significant impact on the construction and operation/maintain stages. Identifying key resources contributing to duration and cost of design alternatives is an important measure to achieve effective coordination between design and construction. This study proposes a method which finds an optimal design alternative by taking into account of resource planning, expected duration, and cost in construction stage. Base on literature review relative to the assessment of design alternatives, a method which predicts required resources, duration, and cost of the design alternative is established. Then, a method that identifies an optimal design alternative based on the preference of a certain project criteria is developed. Finally, a case study is presented.

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A fuzzy reasonal analysis of human reliability represented as fault tree structure

  • 김정만;이상도;이동춘
    • Journal of the Ergonomics Society of Korea
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    • v.16 no.2
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    • pp.1-14
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    • 1997
  • In conventional probability-based human reliability analysis, the basic human error rates are modified by experts to consider the influences of many factors that affect human reliability. However, these influences are not easily represented quantitatively, because the relation between human reliability and each of these factors in not clear. In this paper, the relation is expressed quantitatively. Furthermore, human reliability is represented by error possibilities proposed by Onisawa, which is a fuzzy set on the interval [0,1]. Fuzzy reasoning is used in this method in order to obtain error possibilities. And, it is supposed that many basic events affected by the above factors are connected to the top event through Fault Tree structure, and an estimate of the top event expressed by a member- ship function is obtained by using the fuzzy measure and fuzzy integral. Finally, a numerical example of human reliability analysis obtained by this method is given.

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How to Measure Alert Fatigue by Using Physiological Signals?

  • Chae, Jeonghyeun;Kang, Youngcheol
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.760-767
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    • 2022
  • This paper introduces alert fatigue and presents methods to measure alert fatigue by using physiological signals. Alert fatigue is a phenomenon that which an individual is constantly exposed to frequent alarms and becomes desensitized to them. Blind spots are one leading cause of struck-by accidents, which is one most common causes of fatal accidents on construction sites. To reduce such accidents, construction equipment is equipped with an alarm system. However, the frequent alarm is inevitable due to the dynamic nature of construction sites and the situation can lead to alert fatigue. This paper introduces alert fatigue and proposes methods to use physiological signals such as electroencephalography, electrodermal activity, and event-related potential for the measurement of alert fatigue. Specifically, this paper presents how raw data from the physiological sensors measuring such signals can be processed to measure alert fatigue. By comparing the processed physiological data to behavioral data, validity of the measurement is tested. Using preliminary experimental results, this paper validates that physiological signals can be useful to measure alert fatigue. The findings of this study can contribute to investigating alert fatigue, which will lead to lowering the struck-by accidents caused by blind spots.

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A Study on the Evaluation of Drought from Monthly Rainfall Data (월강우자료에 의한 한발측정)

  • Hwang, Eun;Choi, Deog-Soon
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.26 no.3
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    • pp.35-45
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    • 1984
  • Generally speaking, agriculture exist in a climatic environment of uncertainty. Namely, normal rainfall value, as given by the mean values, does not exist. Thought on exists, itl does not affect like extreme Precipitation value on the part of agriculture and of others. Therefore, it is important that we measure the duration and severity index of drought caused by extreme precipitation deficit. In this purpose, this study was dealt with the calculation of drought duration and severity indexs by the method of monthly weighting coefficient. There is no quantitive definition of drought that is universally acceptable. Most of the criteria was used to identify drought have been arbitrary because a drought is a 'non-event' as opposed to a distinct event such as a flood. Therefore, confusion arises when an attempt is made to define the drought phenomenon, the calculation of duration, drought index is based on the following four fundamental question, and this study was dealt with the answers of these four questions as they related to this analytical method, as follows. First, the primary interest in this study is to be the lack of precipitation as it relates to agricultural effective rainfall. Second, the time interval was used to be month in this analysis. Third, Drought event, distinguished analytically from other event, is noted by monthly weighting coefficient method based on monthly rainfall data. Fin-ally, the seven regions used in this study have continually affected by drought on account of their rainfall deficit. The result from this method was very similar to the previous papers studied by many workers. Therefore, I think that this method is very available in Korea to identify the duration of drought, the deficit of precipitation and severity index of drought, But according to the climate of Korea exist the Asia Monsoon zone. The monthly weighting coefficient is modify a little, Because get out of 0.1-0.4 occasionally.

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Research about optimal installation of ATP system in High speed Rolling-stock (고속차량 ATP시스템 개량의 최적화에 관한 연구)

  • Ryu, Byung-Gwan
    • Proceedings of the KSR Conference
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    • 2009.05a
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    • pp.476-482
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    • 2009
  • A signal equipment improvement project for the existing facility ATS to ATP is under construction in Kyung-Bu and Ho-Nam commercial line including 400 rolling stocks. But there was a concern for the interface between KTX OBCS and ATP from the beginning of the project. At present, this is the front burner event. This paper introduces interface checking and predicted failure point between KTX OBCS and ATP improvement system. Through this measure the optimal installation of the ATP will be possible. The study was made under maintenance efficiency including reliability because the KTX signal equipment must qualify the above condition.

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A Study on the induced Current of Electro Explosive Device Bridge Wire under Electromagnetic Field (전자파환경에서 EED에 유기되는 전류에 관한 연구)

  • 김응조
    • Journal of the Korea Institute of Military Science and Technology
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    • v.5 no.2
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    • pp.116-122
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    • 2002
  • Electro Explosive Devices can be susceptible to electromagnetic interference. When these components are exposed to external electromagnetic fields, it may cause to induce sufficient current to generate enough heat for an inadvertent detonation. It is almost impossible to monitor the event of firing throughout the electromagnetic environment test. The survivability of EED for hazards of electromagnetic radiation is investigated. A fiber optic sensor is installed near the bridge wire after removing explosive material in order to measure the induced current on the bridge wire. The length of lead-wire of the EED fabricated is around 15 cm.