• Title/Summary/Keyword: Level of Alert

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Uncertainty, Corporate Investment and the Role of Conservative Financial Reporting: Empirical Evidence from Pakistan

  • FATIMA, Huma;RANA, Sahar Latif;HAFEEZ, Abida
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.231-243
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    • 2022
  • The objective of this study is to analyze the impact of conservative financial reporting on investment during uncertainty. It was assumed that during uncertainty conservative financial reporting can play an important role to improve investment decision-making. For our analysis, data sets from 2005-2020 of nonfinancial companies are used. To measure the impact of conservative financial reporting in the non-financial sector of Pakistan, Khan and Watts' (2009) model is applied. "Prospector" and "Defender" Business strategy is applied for measuring firm-level uncertainty. Investment is measured by adding the change in fixed assets (property, plant, and equipment). To check the robustness of conservative financial reporting, Givoly and Hayn's (2000) Negative Accruals measure is applied. To measure the robustness of uncertainty, environmental scanning and alertness technique is applied. According to environmental scanning and alertness technique, companies are divided into two groups named 'inert' and 'alert'. 'Inert' are those firms that are not scanning their environment, and 'alert' are those firms who continuously analyze their environment. The empirical estimations support our hypothesis. The empirical findings provide the proof that in the wake of uncertainty conservative financial reporting may facilitate to take optimal investment decisions in the developing economy of Pakistan. Our results provide critical and practical implications for investors, researchers, and standard setters.

A Time Budget Study of Wintering Mallards on the Southern High Plains of Texas, USA

  • Lee, Sang-Don
    • Animal cells and systems
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    • v.1 no.4
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    • pp.571-576
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    • 1997
  • The playas of the Southern High Plains (SHP) of Texas, USA are an important habitat for over one million wintering waterfowl. However, the recent trend toward the modification of playas for agricultural use is threatening winter habitat of waterfowl in this region. Diurnal activity budgets of wintering mallards (Anas platyrhynchos) were conducted from 1 October to 31 March, 1983-1984, and 1984-1985) at three habitat types; steep-sided pits, terraced pits, and open lakes. All seven activity patterns (feeding, locomotion, resting, comfort, courtship, alert, and agonistic) were different (P<0.05) among the three habitat types for wintering mallards on the SHP of Texas. Terraced pits supported more feeding activity (27.8%) (P<0.001) than steep-sided pits (11.2%) or open lakes (2.6%) due to their abundance of natural seeds and aquatic invertebrates. Hens (17.5%) fed more than drakes (11.7%) (P<0.05). Locomotion (32.2%) and alert (2.8%) behavior across the three habitat types showed the highest level during the early morning (6:00-9:00 AM). Paired mallards rested more (37.9%) than unpaired mallards (25.8%) (P<0.05). Agonistic activity was highest (2.4%) in terraced pits throughout the season.

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The Impact of Air Quality on Traveling Time by Transportation Mode (대기오염 수준이 교통수단별 통행시간에 미치는 영향 분석)

  • Jo, Eunjung;Kim, Hyunchul
    • Environmental and Resource Economics Review
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    • v.30 no.2
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    • pp.207-235
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    • 2021
  • This paper examines the effects of ambient air pollution by ozone and particulate matter on traveling by mode of transport. We estimate the SUR model of travel time by different modes of transportation using individual level data of travel diaries. We find that, as air pollution levels rises, traveling by privately-owned vehicles increases but traveling by bus decreases. Our results also show that, when an air quality alert is issued, bus traveling increases in an effort to reduce pollution levels, but traveling by own car does not change and traveling by train declines. This suggests that alert programs may not be highly effective in reducing air pollution emissions from vehicles because voluntary switching to public transportation induced by air quality alerts is outweighed by individual effort of avoiding exposure to pollution.

Non-repudiation Protocol for Efficiency and Fairness in TTP Security Service Level (TTP 보안 서비스 레벨에서 효율성과 공정성을 고려한 부인봉쇄 프로토콜)

  • 박상준;홍충선;이대영
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.26 no.11C
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    • pp.24-32
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    • 2001
  • Recently, in the case that provides electronic services using Internet, we need the non-repudiation service that supplies a technological evidence about actions between a sender and a receiver that violate the promised protocol. Also, this service offers legal evidences while producing controversy. In this paper, we propose a protocol that improves the efficiency and offers the fairness of non-repudiation service by the extension of ability of TTP (Trusted Third Party). The proposed protocol adds a Time Check function and an Alert Message to extend the ability of TTP. Through the computer simulation, we prove that the proposed protocol has better efficiency than previous protocols.

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A Study on the Sustainability of New SMEs through the Analysis of Altman Z-Score: Focusing on New and Renewable Energy Industry in Korea (알트만 Z-스코어를 이용한 신생 중소기업의 지속가능성 분석: 신재생에너지산업을 중심으로)

  • Oh, Nak-Kyo;Yoon, Sung-Soo;Park, Won-Koo
    • Journal of Technology Innovation
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    • v.22 no.2
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    • pp.185-220
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    • 2014
  • The purpose of this study is to get a whole picture of financial conditions of the new and renewable energy sector which have been growing rapidly and predict bankruptcy risk quantitatively. There have been many researches on the methodologies for company failure prediction, such as financial ratios as predictors of failure, analysis of corporate governance, risk factors and survival analysis, and others. The research method for this study is Altman Z-score which has been widely used in the world. Data Set was composed of 121 companies with financial statements from KIS-Value. Covering period for the analysis of the data set is from the year 2006 to 2011. As a result of this study, we found that 38 percent of the data set belongs to "Distress" Zone (on alert) while 38% (on watch), summed into 76%, whose level could be interpreted to doubt about the sustainability. The average of the SMEs in wind energy sector was worse than that of SMEs in solar energy sector. And the average of the SMEs in the "Distress" Zone (on alert) was worse than that of the companies of large group in the "Distress" Zone (on alert). In conclusion, Altman Z-score was well proved to be effective for New & Renewable Energy Industry in Korea as a result of this study. The importance of this study lies on the result to demonstrate empirically that the majority of solar and wind enterprises are facing the risk of bankruptcy. And it is also meaningful to have studied the relationship between SMEs and large companies in addition to advancing research on new start-up companies.

A Validated Solution for the Threat of Ionosphere Spatial Anomalies to Ground Based Augmentation System Users

  • Pullen, Sam;Lee, Ji-Yun;Datta-Barua, Seebany;Park, Young-Shin;Zhang, Godwin;Enge, Per
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • v.1
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    • pp.9-14
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    • 2006
  • This paper develops a complete methodology for the mitigation of ionosphere spatial anomalies by GBAS systems fielded in the Conterminous U.S. (CONUS). It defines an ionosphere anomaly threat model based on validated observations of unusual ionosphere events in CONUS impacting GBAS sites in the form of a linear ‘wave front’ of constant slope and velocity. It then develops a simulation-based methodology for selecting the worst-case ionosphere wave front impact impacting two satellites simultaneously for a given GBAS site and satellite geometry, taking into account the mitigating effects of code-carrier divergence monitoring within the GBAS ground station. The resulting maximum ionosphere error in vertical position (MIEV) is calculated and compared to a unique vertical alert limit, or $VAL_{H2,I}$, that applies to the special situation of worst-case ionosphere gradients. If MIEV exceeds $VAL_{H2,I}$ for one or more otherwise-usable subset geometries (i.e., geometries for which the 'normal' vertical protection level, or $VPL_{H0}$, is less than the 'normal' VAL), the broadcast ${\sigma}_{pr_{-}gnd}$ and/or ${\sigma}_{vig}$ must be increased such that all such potentially-threatening geometries have VPL$_{H0}$ > VAL and thus become unavailable. In addition to surveying all aspects of the methods used to generate the required ${\sigma}_{pr_{-}gnd}$ and ${\sigma}_{vig}$ inflation factors for CONUS GBAS sites, related methods for deriving similar results for GBAS sites outside CONUS are suggested.

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Effects of a Sensory Stimulation on Weight, Stress Hormone and Behavioral State in Premature Infants (감각자극이 미숙아의 체중, 스트레스호르몬 및 행동상태에 미치는 효과)

  • 이군자
    • Journal of Korean Academy of Nursing
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    • v.29 no.2
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    • pp.445-455
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    • 1999
  • This study has been conducted on the nonequivalent control group pretest-posttest design in quasi experimental basis and newly born premature infants from intensive care unit of G Medical University Hospital in Inchon Metropolitan were selected in two groups of 21 infants each. The first group for experimental and the other for control. Data has been collected form October 30, 1997 to August 29, 1998. For the experimental group tactile and kinesthetic stimulation was applied 2 times a day for 10 days(10 : 00~11 : 00 hours in the morning and 17 : 00~18 : 00 in the afternoon). As a weight weighing instrument. electronic indicator scale(Cas Co. korea) was used. To determine urine cortisol concentration level in stress hormone, radio immune assay method was used. And high performance liquid chlomatography was used to determine urine norepinephrine, concentration level To determine behavior status, tools developed by Anderson et at(1990) and remodeled by Kim Hee-Sook(1996) were used. Collected data were analyzed with the SAS program using x$^2$-test, student t-test, repeated measures ANOVA and paired t -test. The result were as follow. 1. As for the daily weight gain. the experimental group showed first change in weight and this group also showed higher weight in the average weight than the control group. Statistically, however, there was no significant factor between the two group. 2. The cortisol concentration in urine showed decrease in the experimental group norepinephrine concentration in urine showed increase in both experimental and control groups. No statistical significance was shown between the two groups. 3. In the aspect of behavior status. the experimental group showed statistical significance by showing inactive in the state of alert and conversion to a positive state than the control group. In conclusion, the sensory stimulation in this study showed a positive aspect through there was no statistical significance in the weight gain and urine stress hormone concentration. In the behavior status, there was statistical significance in the frequency of staying inactive in the state of alert and conversion to a positive state.

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A Study on Detection of Wind Shear Using Ground-based Observations at Incheon International Airport (지상관측자료를 활용한 인천국제공항 급변풍 탐지 연구 )

  • Geun-Hoi Kim;Min-seong Kim;Hee-Wook Choi;Sang-Sam Lee;Yong Hee Lee
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.32 no.3
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    • pp.69-78
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    • 2024
  • This study evaluates the detection and utilization of wind shear using data from the Low-Level Wind Shear Alert System (LLWAS) and the Aerodrome Meteorological Observation System (AMOS) for the year 2023 at Incheon International Airport. A comparison of wind shear occurrence days revealed that LLWAS recorded 57 days, the reproduced LLWAS recorded 84 days, and AMOS recorded 163 days, with AMOS and the reproduced LLWAS showing higher occurrences. Performance metrics, including Probability of Detection (POD), False Alarm Ratio (FAR), Critical Success Index (CSI), and True Skill Statistic (TSS), were analyzed to evaluate detection capabilities. For the reproduced LLWAS, most wind shear events were detected, but the FAR was high, indicating lower performance. AMOS detected about 50% of actual wind shear events, with a lower FAR than the reproduced LLWAS but still relatively high. To improve detection performance, optimal thresholds for wind shear warnings were analyzed and adjusted, resulting in an increase in the CSI from 0.53 to 0.68 for the reproduced LLWAS and from 0.25 to 0.28 for AMOS. By adjusting the wind shear warning thresholds, the balance between POD and FAR was improved, confirming the potential for ground-based equipment to issue wind shear warnings effectively.

An efficient Method of Antenna Placement considering EMI between equipments on UAV (무인기 탑재 장비 간 상호 EMI를 고려한 효율적인 안테나 배치 방안)

  • Kim, Choon-Won;Kim, Ji-Hoon;Kwon, Kyoung-Il;Chung, Deok-Cho
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.39 no.10
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    • pp.987-994
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    • 2011
  • This paper presents An efficient method of antenna placement considering EMI(Electromagnetic Interference) between equipments which are mounted on the UAV(Unmanned Air Vehicle). The analysis is accomplished for voice communication radio, control datalink, TCAS(Traffic Alert Collision & Avoidance System) and GPS(Global Positioning System) which are vulnerable to EMI because the frequencies are close to each other. There are two steps for analysis procedure : The first one is selecting antenna position on the UAV by monitoring return loss and pattern variation of each antenna. The second one is analyzing EMI via antennas between equipments. In the EMI analysis, spurious level of each transmitter, coupling level between antennas and system noise property are considered. This procedure can be used to predict EMI between equipments in development stage.

Prediction of High Level Ozone Concentration in Seoul by Using Multivariate Statistical Analyses (다변량 통계분석을 이용한 서울시 고농도 오존의 예측에 관한 연구)

  • 허정숙;김동술
    • Journal of Korean Society for Atmospheric Environment
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    • v.9 no.3
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    • pp.207-215
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    • 1993
  • In order to statistically predict $O_3$ levels in Seoul, the study used the TMS (telemeted air monitoring system) data from the Department of Environment, which have monitored at 20 sites in 1989 and 1990. Each data in each site was characterized by 6 major criteria pollutants ($SO_2, TSP, CO, NO_2, THC, and O_3$) and 2 meteorological parameters, such as wind speed and wind direction. To select proper variables and to determine each pollutant's behavior, univariate statistical analyses were extensively studied in the beginning, and then various applied statistical techniques like cluster analysis, regression analysis, and expert system have been intensively examined. For the initial study of high level $O_3$ prediction, the raw data set in each site was separated into 2 group based on 60 ppb $O_3$ level. A hierarchical cluster analysis was applied to classify the group based on 60 ppb $O_3$ into small calsses. Each class in each site has its own pattern. Next, multiple regression for each class was repeatedly applied to determine an $O_3$ prediction submodel and to determine outliers in each class based on a certain level of standardized redisual. Thus, a prediction submodel for each homogeneous class could be obtained. The study was extended to model $O_3$ prediction for both on-time basis and 1-hr after basis. Finally, an expect system was used to build a unified classification rule based on examples of the homogenous classes for all of sites. Thus, a concept of high level $O_3$ prediction model was developed for one of $O_3$ alert systems.

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