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An One-factor VaR Model for Stock Portfolio (One-factor 모형을 이용한 주식 포트폴리오 VaR에 관한 연구)

  • Park, Keunhui;Ko, Kwangyee;Beak, Jangsun
    • The Korean Journal of Applied Statistics
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    • v.26 no.3
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    • pp.471-481
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    • 2013
  • The current VaR Model based on J. P. Morgan's RiskMetrics has problem that actual loss exceeds VaR under unstable economic conditions because the current VaR Model can't re ect future economic conditions. In general, any corporation's stock price is determined by the rm's idiosyncratic factor as well as the common systematic factor that in uences all stocks in the portfolio. In this study, we propose an One-factor VaR Model for stock portfolio which is decomposed into the common systematic factor and the rm's idiosyncratic factor. We expect that the actual loss will not exceed VaR when the One-factor Model is implemented because the common systematic factor considering the future economic conditions is estimated. Also, we can allocate the stock portfolio to minimize the loss.

ESTIMATION OF THE MINIMUM INSTREAM FLOWS FOR THE RIVERLINE AESTHETICS ON THE KEUM RIVER

  • Lee, Joo-Heon;Jeong, Sang-Man;Hong, Il-Pyo;Lee, Eun-Tae
    • Water Engineering Research
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    • v.1 no.4
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    • pp.299-307
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    • 2000
  • The method for estimating the minimum instream flows required for the riverline aesthetics, proposed by the Kim et al.(1996), has been applied to the main channel reach of the Keum river basin in Korea. To determine the minimum instream flows for eight main reaches at Keum river basin, six representative stations have been selected. This paper provides an analysis of influence on the riverline aesthetics, which is affected by change of physical components of river, by using the survey-based quantification method. The developed questionnaire based on the literature, and submitted to the 326 people who visited an each representative station. This surveying had been implemented in three times at each representative station and we had been selected a different flowrate at each implementation. The results of this analysis and survey have produced the relationship between the variation of physical components and riverline aesthetics. Survey results bout the flow comparison are summarized as follows. At the view of riverline aesthetics, most of the respondents re sensitive at the change of the flow velocity and they prefer high water level to low water level. Moreover whole respondents prefer to abundant stream flows and moderate flow velocity. The minimum flows for riverline aesthetics is estimated at each representative station by using the survey-based quantification method and the estimated results of some representative station are greater than mean monthly flow at each station. The result of the analysis appears that establishing minimum instream flows for riverline aesthetics is not only a technical problem but a legal problem. Therefore in the case of establishing the instream flows in the river, the estimated results have to be considered as relative standard.

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Analysis of Flow and Bed Change on Hydraulic Structure using CCHE2D : Focusing on Changnyong-Haman (CCHE2D를 이용한 수리구조물에 의한 흐름 및 하상변동 연구 -창녕함안보를 중심으로-)

  • Ahn, Jung Min;Lyu, Siwan
    • Journal of Korea Water Resources Association
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    • v.46 no.7
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    • pp.707-717
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    • 2013
  • Channel-bed of erosion and sedimentation, where eroded bed and bank materials re-deposit through the action of flow, is a natural phenomenon in alluvial systems. Analysis using a numerical model is important to understand the sediment transport mechanism associated with erosion and sedimentation near weirs and other hydraulic structures within riverine systems. The local riverbed change near a hydraulic structure (Changnyong-Haman multi-function weir in Nakdong river) has been analyzed in order to examine the effect of hydraulic structure on local bed change. A 2D numerical model (CCHE-2D) has been implemented to simulate the sedimentation and erosion over a reach (10 km) including the weir. For the calibration and verification of the model, the rainfall data from a real event (Typoon 'Maemi' in 2003) has been used for flow and stage simulation. And the simulated results show a good agreement with the observed data for whole domain. From the result, it was found that the installation and operation of weir can aggravate the local bed change caused from the flow field change and resulting redistribution of sediment.

An Analysis of Lessons to Teach Proportional Reasoning with Visual Models: Focused on Ratio table, Double Number Line, and Double Tape Diagram (시각적 모델을 활용한 비례 추론 수업 분석: 비표, 이중수직선, 이중테이프 모델을 중심으로)

  • Seo, Eunmi;Pang, JeongSuk;Lee, Jiyoung
    • Journal of Educational Research in Mathematics
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    • v.27 no.4
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    • pp.791-810
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    • 2017
  • This study explored the possibility of using visual models in teaching proportional reasoning based on the review of previous studies. Many studies on proportional reasoning emphasize that students tend to simply apply formal procedures without understanding the meaning behind them and that using visual models may be an alternative to help students develop informal strategies and proportional reasoning. Given these, we re-constructed and implemented the unit of a textbook to teach sixth graders proportional reasoning with ratio table, double number line, and double tape diagram. The results of this study showed that such visual models helped students understand the meaning of proportion, explore the properties of proportion, and solve proportional problems. However, several difficulties that students experienced in using the visual models led us to suggest cautionary notes when to teach proportional reasoning with visual models. As such, this study is expected to provide empirical information for textbook developers and teachers who teach proportional reasoning with visual models.

Development of IoT Service Classification Method based on Service Operation Characteristic (세부 동작 기반 사물인터넷 서비스 분류 기법 개발)

  • Jo, Jeong hoon;Lee, HwaMin;Lee, Dae won
    • Journal of Internet Computing and Services
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    • v.19 no.2
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    • pp.17-26
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    • 2018
  • Recently, through the emergence and convergence of Internet services, the unified Internet of thing(IoT) service platform have been researched. Currently, the IoT service is constructed as an independent system according to the purpose of the service provider, so information exchange and module reuse are impossible among similar services. In this paper, we propose a operation based service classification algorithm for various services in order to provide an environment of unfied Internet platform. In implementation, we classify and cluster more than 100 commercial IoT services. Based on this, we evaluated the performance of the proposed algorithm compared with the K-means algorithm. In order to prevent a single clustering due to the lack of sample groups, we re-cluster them using K-means algorithm. In future study, we will expand existing service sample groups and use the currently implemented classification system on Apache Spark for faster and more massive data processing.

Current CRM Adoption in Korean Apparel Industry (국내 의류업체의 CRM 도입현황)

  • Ko, Eun-Ju
    • Journal of the Korean Society of Clothing and Textiles
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    • v.30 no.1 s.149
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    • pp.1-11
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    • 2006
  • The purpose of this study was to analyze the current CRM situation in Korean apparel industry. Specifically, research purposes were 1) to examine the concepts and benefits of CRM, 2) to examine CRM strategies, 3) to analyze CRM system(i.e., customer relationship management service, customer segmentation criteria, DB management system), and 4) to analyze the potential problems and CRM adoption plan. The subjects for this research were thirty CRM managers in Korean apparel firms classified by the company type(woman's wear, man's wear, casual wear, children's wear, retailer) interviewed from December 2003 to March 1004. The results of this study were as follows: First, the concept of CRM represented the prime customer relationship, continuous consideration, and customer management system. The benefits of CRM reflected re-sales, improvement of profit share, and acquisition of customer's data base. Second, concerning the CRM strategies, most companies focused on persistent customer management through mileage program, membership cards and also implemented product strategies such as demand forecasting, customization based on customer data analysis. We also found that industry preferred to use pricing strategies, for example, segmentation of customer through discrepancies of price in which customers are provided by discount and gift voucher services. Regarding distribution strategy, channel diversification, localized service, and convenient delivery system were used. As promotion strategies, they chose celebrating customers' personal events and promoting cultural events and issuing coupons. Third, regarding CRM system, information service was the most frequently adopted, important and highly beneficial category. Also POS/web-POS, homepage were main sources of information. RFM is the mostly commonly used customer segmentation criteria. Fourth, potential problems in CRM adoption were lack of CRM knowledge and performance measurement of CRM. Future CRM adoption plan included CRM education and development of CRM performance measures.

Virtual Block Game Interface based on the Hand Gesture Recognition (손 제스처 인식에 기반한 Virtual Block 게임 인터페이스)

  • Yoon, Min-Ho;Kim, Yoon-Jae;Kim, Tae-Young
    • Journal of Korea Game Society
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    • v.17 no.6
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    • pp.113-120
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    • 2017
  • With the development of virtual reality technology, in recent years, user-friendly hand gesture interface has been more studied for natural interaction with a virtual 3D object. Most earlier studies on the hand-gesture interface are using relatively simple hand gestures. In this paper, we suggest an intuitive hand gesture interface for interaction with 3D object in the virtual reality applications. For hand gesture recognition, first of all, we preprocess various hand data and classify the data through the binary decision tree. The classified data is re-sampled and converted to the chain-code, and then constructed to the hand feature data with the histograms of the chain code. Finally, the input gesture is recognized by MCSVM-based machine learning from the feature data. To test our proposed hand gesture interface we implemented a 'Virtual Block' game. Our experiments showed about 99.2% recognition ratio of 16 kinds of command gestures and more intuitive and user friendly than conventional mouse interface.

Prediction of Genes Related to Positive Selection Using Whole-Genome Resequencing in Three Commercial Pig Breeds

  • Kim, HyoYoung;Caetano-Anolles, Kelsey;Seo, Minseok;Kwon, Young-jun;Cho, Seoae;Seo, Kangseok;Kim, Heebal
    • Genomics & Informatics
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    • v.13 no.4
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    • pp.137-145
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    • 2015
  • Selective sweep can cause genetic differentiation across populations, which allows for the identification of possible causative regions/genes underlying important traits. The pig has experienced a long history of allele frequency changes through artificial selection in the domestication process. We obtained an average of 329,482,871 sequence reads for 24 pigs from three pig breeds: Yorkshire (n = 5), Landrace (n = 13), and Duroc (n = 6). An average read depth of 11.7 was obtained using whole-genome resequencing on an Illumina HiSeq2000 platform. In this study, cross-population extended haplotype homozygosity and cross-population composite likelihood ratio tests were implemented to detect genes experiencing positive selection for the genome-wide resequencing data generated from three commercial pig breeds. In our results, 26, 7, and 14 genes from Yorkshire, Landrace, and Duroc, respectively were detected by two kinds of statistical tests. Significant evidence for positive selection was identified on genes ST6GALNAC2 and EPHX1 in Yorkshire, PARK2 in Landrace, and BMP6, SLA-DQA1, and PRKG1 in Duroc. These genes are reportedly relevant to lactation, reproduction, meat quality, and growth traits. To understand how these single nucleotide polymorphisms (SNPs) related positive selection affect protein function, we analyzed the effect of non-synonymous SNPs. Three SNPs (rs324509622, rs80931851, and rs80937718) in the SLA-DQA1 gene were significant in the enrichment tests, indicating strong evidence for positive selection in Duroc. Our analyses identified genes under positive selection for lactation, reproduction, and meat-quality and growth traits in Yorkshire, Landrace, and Duroc, respectively.

Chest Wall Thickness Measurement of the LLNL Phantom for Ce Detectors (Ce 검출기를위한 LLNL 팬텀의가슴벽두께측정)

  • Lee, Tae-Young;Lee, Jong-Il;Chang, Si-Young
    • Journal of Radiation Protection and Research
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    • v.25 no.1
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    • pp.3-9
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    • 2000
  • The Korea Atomic Energy Research Institute acquired the Lawrence Livermore National Laboratory phantom for calibration of germanium detectors used for in vivo measurement of radionuclides deposited in human lungs. The manufacturer inscribed concentric circles as a phoswich detector positioning guides on the phantom's torso plate and its overlay plates, and provided the effective thickness of the chest wall for each plate measured at locations over the circles. However, since the germanium detectors are of different sizes, the areas considered for phoswich detectors were no. longer applicable for the locations of the germanium detectors on the phantom. Therefore, we re-evaluated the effective thickness of the phantom to determine if the manufacturer' s data are valid for germanium detectors in use for in vivo lung counting or if new values must be implemented. Differences no more than 3% in effective thickness were found between the germanium detector regions to be used at the Korea Atomic Energy Research Institute and the phoswich detector regions prescribed by the manufacturer.

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Improving Data Availability by Data Partitioning and Partial Overlapping on Multiple Cloud Storages (다수 클라우드 스토리지로의 데이터 분할 및 부분 중복을 통한 데이터 가용성 향상)

  • Park, Jun-Cheol
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.36 no.12B
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    • pp.1498-1508
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    • 2011
  • A cloud service customer has no other way but to wait for his lost data to be recovered by the cloud service provider when the data was lost or not accessible for a while due to the provider's system failure, cracking attempt, malfunction, or outage. We consider a solution to address this problem that can be implemented in the cloud client's domain, rather than in the cloud service provider's domain. We propose a high level architecture and scheme for successfully retrieving data units even when several cloud storages are not accessible at the same time. The scheme is based on a clever way of partitioning and partial overlapping of data for being stored on multiple cloud storages. In addition to providing a high level of data availability, the scheme makes it possible to re-encrypt data units with new keys in a user transparent way, and can produce the complete log of every user's data units accessed, for assessing data disclosure, if needed.