• Title/Summary/Keyword: Return of function

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Optimizing Portfolio Weights for the First Degree Stochastic Dominance with Maximum Expected Return (1차 확률적 지배를 하는 최대수익 포트폴리오 가중치의 탐색에 관한 연구)

  • Ryu, Choon-Ho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2007.11a
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    • pp.134-137
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    • 2007
  • Unlike the mean-variance approach, the stochastic dominance approach is to form a portfolio that stochastically dominates a predetermined benchmark portfolio such as KOSPI. This study is to search a set of portfolio weights for the first degree stochastic dominance with maximum expected return by managing the constraint set and the objective function separately. An algorithm was developed and tested with promising results against Korean stock market data sets.

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Determine the return period of flash floods by combining flash flood guidance and best fit distribution

  • Duong, Ngoc Tien;Kim, Jeong-Bae;Bae, Deg-Hyo
    • Proceedings of the Korea Water Resources Association Conference
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    • 2020.06a
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    • pp.362-362
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    • 2020
  • Flash flood is a dangerous weather phenomenon, affecting humans and the economy. The identification, forecast of the changing trend and its characteristics are increasingly concerned. In the world, there have many methods for determining the characteristics of flash floods, in which flash flood guidance (FFG) is a fast, effective and widely used method. The main source of flash floods is short-term rainfall. In this study, we used the data of cross-sectional measurement at the tributaries and the hourly rain data from the automatic rainfall measurement stations in the Geum river basin. Besides, we use a combination of the flash flood guidance and the best fit distribution function to estimate the repeatability of flash floods for head-water catchments in Geum river basin. In which, FFG determines the threshold of rainfall for flash floods. The study has determined the best hourly rainfall distribution function for the Geum river basin and estimated the maximum rainfall of 1hr according to the return periods.

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Coupling Matrix Synthesis Methods for RF/Microwave Filter Design (초고주파용 필터설계를 위한 결합행렬 합성법)

  • Choi, Dong-Muk;Kim, Che-Young
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.32 no.12A
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    • pp.1346-1353
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    • 2007
  • In this paper, the methods are presented for the calculation of general coupling coefficient matrixes used in the band pass filter design. They are calculated from transmission coefficient($S_{21}$) and reflection coefficient($S_{11}$) with desired characteristics derived from the poles of filter function and return loss(RL). The calculated matrixes from this method are transformed to the folded canonical filter structure using similarity transformation which lends us the practical filter design. Based on the resulting matrix, the folded canonical filter has been designed.

Analysis of Marginal Productivity and Return to Scale Using Estimation of Production Function in Offshore Fisheries (근해어업 생산함수 추정을 이용한 규모수익 및 한계생산성 분석)

  • Sim, Seonghyun;Nam, Jongoh
    • Ocean and Polar Research
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    • v.39 no.4
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    • pp.301-318
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    • 2017
  • The production of Korean offshore fisheries has been gradually decreasing due to the severe depletion of offshore fisheries resources caused by excessive fishing efforts. The production of the offshore fisheries in 2016 was the lowest since 1975. So the federal and local governments in Korea adopted and implemented various fisheries management plans and policies in order to restore fisheries resources. However, these plans and polices have not been successful in re-establishing fisheries resources. Thus, in order to accurately diagnose the situation with regard to offshore fisheries, this study sought to estimate not only the return to scale by fishing gear of offshore fisheries, but marginal productivity of individual fishing gear based on production factors derived from offshore fisheries production functions. The study was organized in the following manner. First of all, this study estimates production functions of offshore fisheries. The Cobb-Douglas and the translog production functions are adopted as offshore fisheries production functions. Specifically, the functions are estimated by crew, vessels, and offshore resource as production factors. The offshore resource is estimated by the Clarke Yoshimoto Pooley model based on the surplus production model. Secondly, the fisheries production functions are extended to the fixed-effect model and the random-effect model with panel data. Thirdly, this study analyzes the return to scale of offshore fisheries and the marginal productivity of the production factors from the estimated offshore fisheries production function. In conclusion, this study suggests plans and countermeasures for productivity improvement by group (labor intensive or technology intensive) based on the characteristics of individual offshore fishing gear.

East Asian five stock market linkages (아시아 주식수익률의 동조화에 대한 연구)

  • Jung, Heon-Yong
    • Management & Information Systems Review
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    • v.27
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    • pp.131-147
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    • 2008
  • The study examines common component existing in five Asian countries from 1991 to 2007. To do this, the daily stock market indices of Korea, Malaysia, Thailand, Indonesia, and the Philippines were used. Using a Vector Autoregressive Model this paper analyzes causal relations and dynamic interactions between five Asian stock markets. The findings in this study indicate that level of five Asian stock markets' stock return linkages are low. First, from the statistics for pair-wise Granger causality tests, I find Granger-causal relationship between Korea and Indonesia and between Malaysia and and Indonesia. Second, from the results of response function and the statistics of variance decomposition, I find that week shocks to Korean stock market return on Malaysia, Indonesia, Thailand, and the Philippines stock market returns. The results indicate increased Asian stock market linkages but the level is very low. This implies that the benefits of diversification within the five Asian stock markets are still existed.

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The Role of Corporate Governance and Financial Condition on Stock Returns in Indonesia

  • INDIJANTO, Harry S.;PURWOKO, Bambang;WIDYASTUTI, Tri
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.325-332
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    • 2022
  • This research aims to examine and assess how management methods, financial conditions, and corporate governance strategies affect stock returns. This study employs a quantitative approach with a population of 1968 firms with stock returns (return) and a sample of 225 companies with corporate governance practices in the manufacturing industry in Indonesia from 2013 to 2018. The findings of this study show that strategic management has a significant impact on stock return, financial condition, and corporate governance strategy. The findings of this study on debt strategy as a proxy for management strategy, debt default as a proxy for economic conditions, corporate governance strategy as a proxy for centralized ownership, and independent commissioners function as a mechanism of internal and external control in increasing stock return for investors all support increasing stock return for investors. The cost reduction strategy includes reducing operating costs unless the audit committee has not yet functioned as an internal control or requirement for a company to be listed with the Financial Services Authority on the Indonesia Stock Exchange.

Expressive Methods of Uncanny Image in Contemporary Fashion (현대패션에 나타난 언캐니 이미지의 표현방법)

  • Yu, Arim;Suh, Seunghee
    • Journal of the Korean Society of Costume
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    • v.65 no.6
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    • pp.99-111
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    • 2015
  • The purpose of this study is to identify the expression methods of uncanny images shown in contemporary fashion through the visual expression methods of plastic arts. The study results are as following. First, there is a concept-forming element of 'The return of Repressed', which is a psychological mechanism for generating uncanny sets to the component of 'repression' and 'return'. 'Repression' herein consisted of 'unconsciousness', 'the other', and 'anxiety', while the return was composed of 'trauma' and 'repetition compulsion'. Second, there are visual expression methods of the uncanny in contemporary art. The subject of 'repressed things' was expressed as grotesque and having a terrible look. 'Fragmented body' was analyzed as 'dismantling' by mutilation, 'combination' placing cut body parts in other places, and 'damage' suffering from an illness or accident. 'Fear of death' was shown as 'anatomy' reminiscent of death and 'iconography of death' meaning return of the dead. 'Post-human' was a surrealistic being such as a monster and mechanized human, and was analyzed as 'gene variation' and 'cyborg'. Third, the methods of visual expression of the uncanny reflected on contemporary fashion was analyzed as 'fragmented body', 'fear of death', and 'post-human'. 'Fragmented body' appeared as the object reminiscent of the fragmented body, 'dismantling and combination of the body', and 'damage of the body' through the distortion of the clothing construction principle. 'Fear of death' visualized the characteristic elements of the subject reminiscent of death as 'iconography of death' and 'symbolic object of death' through the motif. 'Post-human' was the description of the subject beyond the body's function and form, and was shown as 'gene variation' and 'cyborg'.

system development of Wet Station (Wet Station 시스템 개발)

  • Kim, Soo-Yong;Lee, Oh-Keol;Kim, Sang-Hyo
    • Proceedings of the KIEE Conference
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    • 2001.07d
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    • pp.2649-2650
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    • 2001
  • In this paper, the minimization of particle wit introduction of face to face to face type in cleaning. Easy input and change of parameter Monitoring function of process data in process function of 3 moving axis. Return Tank for Chem : cal solution.

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The Application of the Health Manager to Return-to-work of Workers Injured by Industrial Accidents (산재근로자 직장복귀를 위한 사업장내 보건관리자 활용방안)

  • Yoon, Sun Nyoung;Lee, Hyun Joo;Yoon, Ju Young
    • Korean Journal of Occupational Health Nursing
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    • v.14 no.1
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    • pp.16-23
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    • 2005
  • Purpose: The Purpose of the study was to suggest how the health manager use to be easy return-to-work of injured workers. Method: The data were collected by the health managers working at the 103 companies over medium size in Incheon, Gyoung-gi and Seoul through interview and report by themselves and analyzed by SAS V8 through t-test. Result: 1. The health managers are consisted of 2 kinds, one is health manager such as physician(10%) or nurse(81%) and the other is safety manager. The former works at the manufacturing company(62.9%), the latter at the service one(42.4%). 2. Management and counseling of occupational and non-occupational diseases, and high risk workers, health education, emergency care, worksite rounding, guidance of personal protector use, and health promotion services were highly performed by health managers. Comparing to these, safety managers performed guidance of job safety, safety management. The difference of two kinds of manager was significant statistically not only the aspect of general job but also related job to the workers of return-to-work after accident. Conclusion: This result shows that health manager can function as a care manager to the workers after return-to-work for adaptation to their job and rehabilitation bio-psycho-socially. But health managers don't have any regulations of encouraging injured workers to get their job again officially.

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