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Asset Pricing From Log Stochastic Volatility Model: VKOSPI Index (로그SV 모형을 이용한 자산의 가치평가에 관한 연구: VKOSPI 지수)

  • Oh, Yu-Jin
    • The Korean Journal of Applied Statistics
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    • v.24 no.1
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    • pp.83-92
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    • 2011
  • This paper examines empirically Durham's (2008) asset pricing models to the KOSPI200 index. This model Incorporates the VKOSPI index as a proxy for 1 month integrated volatility. This approach uses option prices to back out implied volatility states with an explicitly speci ed risk-neutral measure and risk premia estimated from the data. The application uses daily observations of the KOSPI200 and VKOSPI indices from January 2, 2003 to September 24, 2010. The empirical results show that non-affine model perform better than affine model.

A Knowledge Based System for Reactive Power/Voltage Control Including Contingency (상정사고를 고려한 무효전력/전압제어 전문가 시스템)

  • 박영문;김두현
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.39 no.8
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    • pp.779-791
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    • 1990
  • This paper presents a knowledge based system to solve reactive power/voltage control problem in a power system. A need is recognized for new methods to alleviate a bus voltage limit violation more quickly when a power system becomes an emergency state due to contingency. To cope with this object, a set of indices concept which is used to make bus order list of reactive power injection priority is introduced. A set of indices, based on the overall system conditions, consists of steady state stability index, reactive power transmittance indes, voltage severity index and generator fuel cost index. This scheme and empirical rules of the knowledge on the basis of the human expert result in fast decision-making of the reactive power compensation devices since only the amount of devices is determined by the inference in the knowledge based system when the voltage violation is detected. In this approach, control devices such as shunt capacitor (reactor), transformer tap settings and generator voltages are utilized. Also the developed system herein can be used to minimize control action taken or generator fuel cost according to the user's option on the weighting factor. The results of a case study are also presented.

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A Case Study of a Serious Antibiotics-associated diarrhea Patient Treated with Modified Hyangsayukgunja-tang (중증 항생제 유발 설사 환자에 대한 향사육군자탕(香砂六君子湯) 가감방(加減方) 투여 1예)

  • Park, Soim;Kang, Da-Hyun;Seo, Ho-Seok;Kim, Jin-Won
    • Herbal Formula Science
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    • v.22 no.2
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    • pp.121-131
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    • 2014
  • Objectives : The purpose of this study is to report a therapeutic effects of a Korean herbal prescription for antibiotics-associated diarrhea. Methods : Modified Hyangsayukgunja-tang was prescribed once or twice a day to a antibiotics-associated diarrhea patient. To observe the therapeutic effects, the frequency of defecation was counted and Bristol Stool Form Index was used. Laboratory tests were conducted periodically. Results : The frequency of defecation was decreased from 9 times a day to once a day. According to Bristol Stool Form Index, stool form was improved from Type 7 to Type 5. The level of red blood cell, hemoglobin and albumin increased slightly from the day of admission to discharge. Conclusions : Hyangsayukgunja-tang can be a choosable treatment option for a serious antibiotics-associated diarrhea.

On the Use of the Linguistic Fuzzy Approaches in the Selection of Liquid Levelmeters for Nuclear Energy Facilities (원자력설비용 수위측정기 선정시 언어 모호집합론적 접근법 사용)

  • Ghyym, Seong-Ho
    • Proceedings of the Korea Society for Energy Engineering kosee Conference
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    • 1999.11a
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    • pp.119-124
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    • 1999
  • A selection methodology of liquid levelmeters, especially, level sensors in non-nuclear category, to be installed in nuclear energy facilities is developed using linguistic fuzzy approaches such as fully-linguistic and semi-linguistic methods. Depending on defuzzification techniques, the linguistic fuzzy methodology leads to either linguistic (exactly, fully-linguistic) or cardinal (i.e., semi-linguistic) evaluation. For the linguistic method, for each alternative, fuzzy preference index is converted to linguistic utility value by means of a similarity measure determining the degree of similarity between fuzzy index and linguistic ratings. For the cardinal method, the index is translated to cardinal overall utility value. According to these values, alternatives of interest are linguistically or numerically evaluated and a suitable alternative can be selected. Under given selection criteria, the suitable selections out of some liquid levelmeters for nuclear facilities are dealt with using the linguistic fuzzy methodology proposed. Then, linguistic fuzzy evaluation results are compared with qualitative result available in the literature. It is found that as to a suitable option the linguistic fuzzy selection is in agreement with the qualitative selection. Additionally, the comparative study shows that the fully-linguistic method using adequate scale system facilitates linguistic interpretation regarding evaluation results.

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Korean Medicine Therapy to Ruptured Anterior Cruciate Ligament with Meniscal Tears: Report of 4 Cases (반월상 연골판 손상을 동반한 전방 십자인대 부분파열 환자의 한의학적 치료 효과: 증례보고)

  • Lee, Gi-Eon;Byun, Da-Young;Han, Si-Hoon;Yoo, Hyung-Jin;Lee, Jin-Hyun
    • Journal of Korean Medicine Rehabilitation
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    • v.28 no.1
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    • pp.175-184
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    • 2018
  • The purpose of this study is to report the effectiveness of complex Korean Medicine treatment for anterior cruciate ligament (ACL) injuries with meniscus tear. Four patients were treated with complex Korean Medicine by acupuncture, pharmacopuncture and herbal medication. We evaluated the improvement of knee pain and function by Numeric Rating Scale (NRS), Western Ontario and McMaster Universities Arthritis Index (WOMAC Index), EuroQol-5 Dimension Index (EQ-5D Index). After treatment, we found that knee pain was reduced and joint function was improved by NRS and WOMAC index in all cases. In the evaluation of health-related quality of life through EQ-5D index, there was no significant difference in patients with degenerative knee osteoarthritis and severe meniscal injury. This results show that complex Korean Medicine may be an effective option for ACL injuries with meniscus tear. Further clinical studies are needed to clarify the effect of Korean Medicine therapy on ACL injuries with meniscus tear.

The Oblique Extended Reverse First Dorsal Metacarpal Artery Perforator Flap for Coverage of the Radial-Volar Defect of the Proximal Interphalangeal Joint in the Index Finger: A Case Report

  • Jeeyoon Kim;Bommie Florence Seo;Junho Lee;Sung No Jung
    • Archives of Plastic Surgery
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    • v.49 no.6
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    • pp.760-763
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    • 2022
  • The dorsal metacarpal artery perforator flap is a flap that rises from the hand dorsum. Owing to its reliability and versatility, this flap is used as a workhorse for finger defect. However, to cover the radial-volar defect of the proximal interphalangeal joint (PIPJ) of the index finger, a longer flap is required than before. Here, we introduce the oblique extended reverse first dorsal metacarpal artery (FDMA) perforator flap to cover the radial-volar aspect defect of the index finger. A 45-year-old man got injured to the radial-volar defect of PIPJ of the left index finger caused by thermal press machine. The wound was 2 × 1 cm in size, and the joint and bone were exposed. We used FDMA perforator from anastomosis with palmar metacarpal artery at metacarpal neck. Since the defect was extended to the volar side, the flap was elevated by oblique extension to the fourth metacarpal base level. The fascia was included to the flap, and the flap was rotated counterclockwise. Finally, PIPJ was fully covered by the flap. Donor site was primarily closed. After 12 months of operation, the flap was stable without complication and limitation of range of motion. The oblique extended reverse FDMA perforator flap is a reliable method for covering the radial-volar defect of the PIPJ of the index finger. This flap, which also has an aesthetic advantage, will be a good choice for hand surgeons who want to cover the PIPJ defect of the index finger using a nonmicrosurgical option.

The Predictive Power of Implied Volatility of Portfolio Return in Korean Stock Market (한국주식시장 내재변동성의 포트폴리오 수익률 예측능력에 관한 연구)

  • Yoo, Shi-Yong;Kim, Doo-Yong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.12
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    • pp.5671-5676
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    • 2011
  • Volatility Index is the index that represents future volatility of underlying asset implied in option price and expected value of market that measures the possibility of stock price's change expected by investors. The Korea Exchange announces a volatility Index, VKOSPI, since April, 13, 2009. This paper used daily data from January, 2002 through December, 2008 and tested power of Volatility index for future returns of portfolios sorted by size, book-to-market equity and beta. As a result, VKOSPI has the predictive power to future returns and then VKOSPI may be determinants of returns. Also if beta is included when sorting portfolio, the predictive power of VKOSPI is stronger for future portfolio returns.

Applicability of DGCI (Dark Green Color Index) to Assess Potential Impacts of CO2 Leakage from the Geological Storage Site (이산화탄소 지중저장 시설의 잠재적 누출 판단을 위한 DGCI(Dark Green Color Index) 적용 가능성 평가)

  • Yoo, Sin Yee;Song, Yoon Jin;Oh, Hee Joo;Kim, You Jin;Yoo, Ga Young
    • Journal of Climate Change Research
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    • v.7 no.3
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    • pp.351-356
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    • 2016
  • The carbon capture and storage (CCS), which collects and stores carbon dioxide in a geological site, is a promising option to mitigate climate change. However, there is the possibility of carbon dioxide leakage from the soil in the steps of collecting, transporting, and storing. To ensure the feasibility of this technology, it is important to monitor the leakage of carbon dioxide and to assess the potential impacts. As plants are sensitive to the changes in carbon dioxide in the soil environment, we can utilize plant parameter to detect the carbon dioxide leakage. Currently, chlorophyll a content is a conventional index indicating the changes in plants, however, this method is labor intensive and it only utilizes a small portion of leaves. To overcome its limitations, a simple spectroscopic parameter, DGCI (dark green color index), was suggested as an easy and quick indicator. In this study, we compared the values of chlorophyll a contents with DGCI from the experiment investigating the impacts of high underground $CO_2$ on grape plants. Results suggest that DGCI had high correlation with chlorophyll a contents and it has high potential to be utilized as an easy indicator to monitor plants' responses to $CO_2$ treatment.

Variation in the Index of Dental Plaque Removal and Practice Assessment after Instruction on Toothbrushing (칫솔질 교육 후 치면세균막 지수와 수행도의 변화)

  • Kim, Ki-Eun;Ahn, Eunsuk;Han, Ji-Hyoung
    • Journal of dental hygiene science
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    • v.15 no.2
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    • pp.220-225
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    • 2015
  • This study was conducted to examine O'leary index, patient hygiene performance (PHP) index, and toothbrushing practice assessment in subjects of college students in 20s who had been randomly selected. The purpose of this study is to examine if it is easy for rolling method which is recommended by many dental professionals in Korea to implement and to effectively remove dental plaque. Also, the correlations between dental plaque index and toothbrushing practice assessment with the course of time was confirmed, after instruction session on toothbrushing was provided. STATA 11.0 (StataCorp) was used for analysis. There was no significant difference on the three ways of O'leary index, PHP index, and toothbrushing practice assessment in using rolling method, bass technique and toothpick method when comparing the average resulting from first to third instruction session on toothbrushing. O'leary index, PHP index, and toothbrushing practice assessment were inspected with Kruskal-Wallis test which is used for non-parametric statistics. They were checked three times: the first, before the toothbrushing instruction was given; the second, two weeks after the toothbrushing session was given; and the third, 4 weeks after the session. The results are as follows: O'leary index stood at the lowest in the first experiment but showed the highest in the second (p=0.0001). PHP index was the highest level in the first trial and decreased in the second time, but increased again in the last examination (p=0.0001). Toothbrushing practice assessment also showed a similar tendency with PHP index (p=0.0001). In conclusion, rolling method is not the best option for everyone, and it is thought that more various toothbrushing ways need to be reviewed and recommended to people. Also, institutional framework is required for the continuous education on toothbrushing to be in place as the effectiveness of the education is decreased with time.

A Patient with Moderate Insomnia Improved after Treatment with Yukmijihwang-tang (Liuwei Dihuang tang), Hwangryunhaedok-tang (Huanglian Jiedu tang), and Electroacupuncture: A Case Report (중등도의 불면환자를 육미지황탕(六味地黃湯)(Liuwei Dihuang decoction)과 황련해독탕(黃連解毒湯)(Huanglian Jiedu Decoction) 병용 투여 및 배수혈 전침치료로 호전시킨 1례 : 증례보고)

  • Roh, Minyeong;Lee, Jihyun;Jun, HyungSun;Han, Yanghee;Kim, Hyunho;Leem, Jungtae
    • The Journal of Internal Korean Medicine
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    • v.41 no.3
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    • pp.494-501
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    • 2020
  • Objectives: Insomnia is a common condition that causes deterioration of cognitive function and physical function and has a negative impact on quality of life. Insomnia is experienced by more than one-third of the population of the world. Although sleeping pills are currently used as therapeutic agents, they have side effects, so safer treatment methods are needed. Therefore, we report a case of an outpatient who sleeps only one hour a day due to insomnia. Methods: The patient visited Korean Medicine Hospital 10 times for four weeks and was treated with Korean medicine therapies, including electroacupuncture on the back-Shu points and herbal medicine (Yukmijihwang-tang and Hwangnyeonhaedok-tang). Treatment progress was assessed using the Pittsburgh Sleep Quality Index (PSQI) and the Insomnia Severity Index (ISI). Results: After 29 days of treatment, the PSQI score decreased from 20 points and 14 points. The ISI score also decreased to decreased to 22 points from 26 points. The average daily sleeping time increased from 60 minutes to 197.1 minutes after treatment. No significant side effects were observed. Conclusions: Yukmijihwang-tang and Hwangnyeonhaedok-tang with electroacupuncture might be a recommended therapeutic option for insomnia patients.