• The Korean Journal of Applied Statistics
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• v.21 no.1
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• pp.35-51
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• 2008

Comparative studies in Phase III clinical trials quite often involve two or more equally important endpoints, and one cannot select primary endpoint from them. O'Brien(1984) proposed for continuous endpoints the OLS and GLS statistics as milti-variate test statistics. Pocock et al. (1987) mentioned the possibility of analyzing a mixture of data types, such as quantitative, binary and survival data types, with the OLS and GLS statistics, but the authors did not explore problems in combining several endpoints of different types. Furthermore, they did not perform a simulation study to assess the efficiencies of the OLS and GLS statistics for endpoints of a mixture of data types. In this paper, we propose the combining methods of correlated P-values for the analysis of multiple endpoints, and compare the efficiencies of this method with those of OLS and GLS statistics for a mixture of data types with a simulation study. Among the several methods of combining P-values that are more advantageous than combining of OLS and GLS statistics, method B maintains nominal significance levels and is more efficient, while method F and G have type I error rates that are larger than the specified significance levels, which might occasionally lead to a wrong conclusion.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.8
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• pp.3417-3426
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• 2012

This study aims to determine how ownership structure (share-holding ratio of insiders, foreigners) affects agent costs (the portion of asset efficiency or non-operating expenses) through empirical analysis. However, as existing studies on correlations between ownership structure and agent costs adopted Pooled OLS Model, this study focused on additionally formulating Fixed Effect Model and Random Effect Model aimed to reflect the time of data formation and corporate effects as study models based on verification results on the suitability of Pooled-OLS Model before comparative analysis for the purpose of improvement of credibility and statistical validity of the results of empirical analysis based on the premise that the Pooled OLS Model is not reliable enough to verify massive panel data. The data has been accumulated over 10 years from 1998 to 2007 after the IMF crisis hit the nation, from a subject 331 companies except for financial institutions. As a result of the empirical analysis, verification of the suitability of model has determined that the Random Effect Model is appropriate in terms of asset efficiency among agent costs items. On the other hand, the Fixed Effect Model is appropriate in terms of non-operating costs. As a result of the empirical analysis according to the appropriate model, no hypothesis adopted in the Pooled OLS Model has been accepted. This suggests that developing an appropriate model is more important than other factors for the purpose of generating statistically significant empirical results by showing that different empirical results are produced according to the type of empirical analysis.

• Elastomers and Composites
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• v.41 no.4
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• pp.260-267
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• 2006

SBR (styrene-butadiene rubber; 25 wt% of solid contents) nanocomposites reinforced with OLS(organically modified layered silicates) were manufactured via the latex method. Two types of OLS are prepared, i.e. dodecylamine (primary amine) modified montmorillonite (DA-MMT) and N, N-dimethyldodecylamine (tertiary amino) modified MMT (DDA-MMT). X-ray diffraction (XRD) and transmission electron microscopy (TEM) were employed to characterize the layer distance of OLS and the morphology of the nanocomposites. SBR nanocomposites reinforced with ternary phase filler (carbon black/silica/OLS) systems also manufactured. Dynamic mechanical thermal analysis (DMTA) was performed on these composites to determine the loss factor (tan $\delta$) over a range of temperature($-20^{\circ}C{\sim}80^{\circ}C$). The results showed that there was significant changes on the values or tan $\delta$ with the addition of small amount of the OLS. By increasing the contents of OLS, the values of tan $\delta$ at $0^{\circ}C$ increased but those of tan $\delta$ at $60^{\circ}C$ decreased with increasing OLS contents.

• Bulletin of the Korean Chemical Society
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• v.30 no.1
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• pp.245-248
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• 2009

• Economic and Environmental Geology
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• v.50 no.6
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• pp.517-523
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• 2017

A linear relationship between two stable water isotopes, oxygen and hydrogen, has been used to understand the water cycle as a basic tool. A slope and intercept from the linear relationship indicates what kind of physical processes occur during movement of water. Traditionally, ordinary least squares (OLS) method has been utilized for the linear relationship, but total least squares (TLS) method provides more accurate slope and intercept theoretically because isotopic compositions of both oxygen and hydrogen have uncertainties. In this work, OLS and TLS were compared with isotopic compositions of snow and snowmelt collected from the King Sejong Station, Antarctica and isotopic compositions of water vapor observed by Lee et al. (2013) in the western part of Korea. The slopes from the linear relationship of isotopic compositions of snow and snowmelt at the King Sejong Station were estimated to be 7.00 (OLS) and 7.16(TLS) and the slopes of stable water vapor isotopes were 7.75(OLS) and 7.87(TLS). There was a melting process in the snow near the King Sejong Station and the water vapor was directly transported from the ocean to the study area based on the slope calculations. There is no significant difference in two slopes to interpret the physical processes. However, it is necessary to evaluate the slope differences from the two methods for studies for example, groundwater recharge processes, using the absolute slope values.

• The Journal of Asian Finance, Economics and Business
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• v.5 no.3
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• pp.19-29
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• 2018

This research examined the alternatives of Jensen's alpha (α) estimation models in the Capital Asset Pricing Model, discussed by Treynor (1961), Sharpe (1964), and Lintner (1965), using the robust maximum likelihood type m-estimator (MM estimator) and Bayes estimator with conjugate prior. According to finance literature and practices, alpha has often been estimated using ordinary least square (OLS) regression method and monthly return data set. A sample of 50 securities is randomly selected from the list of the S&P 500 index. Their daily and monthly returns were collected over a period of the last five years. This research showed that the robust MM estimator performed well better than the OLS and Bayes estimators in terms of efficiency. The Bayes estimator did not perform better than the OLS estimator as expected. Interestingly, we also found that daily return data set would give more accurate alpha estimation than monthly return data set in all three MM, OLS, and Bayes estimators. We also proposed an alternative market efficiency test with the hypothesis testing Ho: α = 0 and was able to prove the S&P 500 index is efficient, but not perfect. More important, those findings above are checked with and validated by Jackknife resampling results.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.29 no.4
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• pp.166-172
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• 2021

Obstacle Limitation Surfaces (OLS) are set to protect a certain amount of airspace to limit objects, such as building, other structures, penetrating OLS for safety and regularity of aircraft operations in the vicinity of aerodromes. However, many civil petitions have been raising for effective utilization of lands and permission of building construction which penetrating OLS. While Republic of Korea are limiting installation of penetrating objects based on the National law of airport facilities, such objects are possibly permitted, only if, the possible risks coming from objects are acceptable or negligible in terms of safety and regularity in aircraft operations through the evaluation process, called as an aeronautical study. However, many countries are currently applying their own criteria, processes resulting in failing secure reliable results in aeronautical study. This research aims to establish the framework on criteria, process, and methodologies how the aeronautical study works including work flows between many stakeholder and responsibilities to be specified in national regulation system.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.38 no.5
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• pp.323-330
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• 2005

Monthly distributions of fishing boats at night in the East Sea are described, using defense meteorological satellite program (DMSP)/operational linescan system (OLS) images and common squid (Todarodes pacificus) catches data. We also estimated temperature in 50m, which is main catch depth of the squid, by MCSST (multi-channel sea surface temperature). We examined DMSP/OLS, MCSST and other observation data from 1993 to 2000. We assumed that squid were caught in areas where fishing boats were located. Fishing boats at night appeared only near the Korea/Tsushima Strait from January to March. Fishing boats moved to the northward from April to Jun, distribution of fishing boats in spring appeared greater than those in winter. In summer (July-September), center of fishing grounds was formed near the Uleung Island in the south east coast of Korea. The north-south distribution range of fishing boats in October appeared to be greater than that in other months. In particular, we estimated main season of squid catches based on distribution range reflecting the number of fishing boats of north-south and east-west directions from September to December. Relationship between satellite estimate SST and in situ SST showed high correlation (0.91). The correlation between the SST and 50m depth temperature, estimated based on the satellite SST, was relatively high in February, April and October.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.6 no.6
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• pp.812-818
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• 2002

Spatio-temporal distributions of nighttime fishing fleet are descirbed with the aid of geographic information system(GIS) technology in the East/Japan Sea, using daily mean composite images of the Defense Meteorological Satellite Program(DMSP) /Operational Linescan System(OLS) in 1993. We selected a study area from $30^{\circ} N to 44^{\circ} N in latitude and from 124^{\circ} E to 142^{\circ}$ E in longitude in order to describe the monthly and seasonal changes of nighttime fishing fleet. The GIS software package Image Analyst (ArcView 3) are used to analyze spatio-temporal distributions of fishing nut. And the OLS images of nighttime visible band provide useful information about the spatio-temporal distribution of the fishing nut. Density areas of nighttime fishing fleet are around Tsushima/korea Strait. the east coast of the Korea Peninsula, the coast of Honshu, and around Yamato Bank.

• The Korean Journal of Financial Management
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• v.18 no.1
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• pp.23-41
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• 2001

본 연구에서는 여러 계량 모형을 이용하여 계산한 헤지 비율의 성과를 비교하였다. 특히 헤지 비율을 추정하기 위하여 분수 공적분 오차 수정 모형을 이용하였다. KOSPI200 현물과 선물 지수를 이용하여 검증한 결과 현물, 선물 지수는 1차 적분된 시계열이며 베이시스는 분수 적분된 시계열이었다. 따라서 현물과 선물 지수는 분수 공적분된 시계열이었다. 최소 분산 헤지 비율을 최적 헤지 비율로 하여 성과를 측정한 결과 다음과 같은 결과를 얻었다. 헤지 성과는 GARCH 항이 있는 모형이 없는 모형에 비해 크게 나타나며 각 모형에서 고려하고 있는 정보 집합의 크기가 큰 순서인 FIEC, EC, VAR, OLS 순으로 헤지 성과는 크게 나타나고 있다. 그러나 OLS 방법에 의한 헤지에 의해서도 수익률 변동의 많은 부분이 사라져, 다른 모형들은 OLS 모형과 비교하여 추가적인 분산 감소 효과는 크지 않았다.