• Communications for Statistical Applications and Methods
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• v.24 no.3
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• pp.211-226
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• 2017

The chain-ladder method, for which run-off data is employed is popularly used in the rate-adjustment and loss-reserving practices of non-life-insurance and health-insurance companies. The method is applicable when the underlying assumption of a consistent development pattern is in regards to a cumulative loss payment after the occurrence of an insurance event. In this study, a modified chain-ladder algorithm is proposed for when the assumption is considered to be only partially appropriate for the given run-off data. The concept of a structural-change point in the run-off data and its reflection in the estimation of unpaid loss amounts are discussed with numerical illustrations. Experience data from private health insurance coverage in Korea were analyzed based on the suggested method. The performance in estimation of loss reserve was also compared with traditional approaches. We present evidence in this paper that shows that a reflection of a structural-change point in the chain-ladder method can improve the risk management of the relevant insurance products. The suggested method is expected to be utilized easily in actuarial practice as the algorithm is straightforward.

• Journal of Korean Society of Forest Science
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• v.82 no.3
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• pp.283-291
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• 1993

These studies were carried out to investigate water yield from small forested watersheds at Choosan Stream-Gauging Stations in Chollanam-do province from May 11, 1991 to December 31, 1992. The purpose of these studies was to obtain useful informations as distribution of precipitation, canopy interception, stemflow, throughfall and run-off from the small forested watersheds. The precipitation at Choosan from May to December, 1991 was 1,306.6mm and at Choosan from January to December, 1992 was 1,143.4mm. The rate of canopy interception in Pinus taeda stand is 24.3% and 27% in Pinus densiflora stand. The run-off rate from the watershed was 48.87% at Bukmoongol small forested watershed and 41.19% at Baramgol small forested watershed.

• Magazine of the Korean Society of Agricultural Engineers
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• v.22 no.2
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• pp.55-63
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• 1980

To study run-off characteristics in the small watersheds in Korea, investigations had been carried out for a period of 4 years from 1972 to 1975 in the sample watersheds. The samples were selected in four major river basins such as the Han River, the Keum River, the Nakdong River and the Yongsan River. Water levels and rainfall data had been. collected from each sample area where the measuring instruments were installed. The findings of this investigation can be summarized as follows; 1. With an average runoff rate of 60% in the sample watersheds, the average runoff rate. in each sample proved to be as below; the Han River Basin : 41.4% the Keum River Basin : 61.7% the Nakdong River Basin : 69.4% the Yong San River Basin : 69.2% 2. The base flow rate in the sample watersheds proved to be 8.1 mm/month. 3. A comparison of the runoff obtained from actual measurements made and that calculated by the Kaijyama formula showed that the latter is 9.1% lower than the former.

• Journal of Environmental Science International
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• v.22 no.5
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• pp.555-562
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• 2013

Jeju Island, the heaviest raining area in Korea, is a volcanic Island located at the southernmost of Korea, but most streams are of the dry due to its hydrological/geological characteristics different from those of inland areas. Therefore, there are limitations in applying the results from the mainland to the studies on stream run-off characteristics analysis and water resource analysis of Jeju Island. In this study, the SWAT(soil & water assessment tool) model is used for the Hwabuk stream watershed located east of the downtown to calculate the long-term stream run-off rate, and WMS(watershed modeling system) and HEC-HMS(hydrologic modeling system) models are used to figure out the stream run-off characteristics due to short-term heavy rainfall. As the result of SWAT modelling for the long-term rainfall-runoff model for Hwabuk stream watershed in 2008, 5.66% of the average precipitation of the entire basin was run off, with 3.47% in 2009, 8.12% in 2010, and root mean square error(RMSE) and determination coefficient($R^2$) was 496.9 and 0.87, respectively, with model efficient(ME) of 0.72. From the results of WMS and HEC-HMS models which are short-term rainfall-runoff models, unless there was a preceding rainfall, the runoff occurred only for rainfall of 40mm or greater, and the run-off duration averaged 10~14 hours.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.673-685
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• 2021

This study aims to determine theoretically the best workers layoff/training strategy that entrepreneurs should apply to manage the COVID-19 crisis successfully. It also examines the impacts of the Saudi government's emergency measures on firm performance. The paper develops a theoretical framework in which the optimal control technics is applied to model the entrepreneur's hiring, layoff, and training behaviors. The results show that, during the current COVID-19 pandemic, the entrepreneur should first lay off the less productive workers to reduce labor costs. As more and more inefficient workers quit and profit increases, the entrepreneur starts expanding his activity and training workers. In the long run, only the training activity allows the firm efficiency to grow at a constant rate. This finding suggests that the key to long-run economic recovery in Saudi Arabia will rely on training, innovation, and adaptability to the new digital environment. The paper also shows that the Saudi government initiative of covering 60% of salaries for the small- and medium-sized entrepreneurs during the COVID-19 pandemic will enhance training activities in small- and medium-sized enterprises and improve their efficiency in both the short and long run. This policy will also prevent Saudi entrepreneurs from laying off half of their staff.

• Korean Journal of Soil Science and Fertilizer
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• v.41 no.6
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• pp.374-378
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• 2008

For the standard method of collecting the run-off, it is consumed the high cost and much effort to install and to manage this instrument. Because the all the soil and water from reservoir tank must be eliminate after their measurement of amount of soil loss and run-off and installed the reservoir tank at regular size in the experimental field. Therefore, objective of this study was to compare its efficacy between the standard method and a flow rotate divider for ontinuously collecting and measuring the soil loss and run-off in order to conveniently conduct the field experiment of the lysimeters. For collecting the sampling of soil loss and run-off from agricultural land with invariable ratio, a flow rotate divider was consisted with a 8 blades of round plate sloped in order to collect the invariable ratio of soil and water at lowest part from round plate by the law of gravity. For comparing its accuracy in the batch scale experiment, it shown that there was significantly a positive linear corelation ($r=0.997^{***}$) between flowing and sampling amounts with adjusting the range from 1 to $10L\;min^{-1}$ with flowing rate. In collecting ratio in the field experiment, it observed that the more its accuracy had, the more soil loss and run-off.

• Korean Journal of Applied Biomechanics
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• v.23 no.3
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• pp.225-233
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• 2013

The purpose of this study was to estimate the potential injury via analyzing ground reaction force components that were resulted from a prolonged-run-induced fatigue. For the present study, passive and active components of the vertical ground reaction force were determined from time and frequency domain. Shear components of GRF also were calculated from time and frequency domain. Twenty subjects with rear foot contact aged 20 to 30, no experience in injuries of the extremities, were requested to run on the instrumented tread-mill for 160 minutes at their preference running speed. GRF signals for 10 strides were collected at 5, 35, 65, 95, 125, and 155 minute during running. In conclusions, there were no significant difference in the magnitude of passive force, impact load rate, frequency of the passive and active components in vertical GRF between running times except the magnitude of active force (p<.05). The magnitude of active force was significantly decreased after 125 minute run. The magnitude of maximum peak and maximum frequency of the mediolateral GRF at heel strike and toe-off have not been changed with increasing running time. The time up to the maximum peak of the anteroposterior at heel-strike moment tend to decrease (p<.05), but the maximum peak and frequency of that at heel and toe-off moment didn't depend significantly on running time.

• Magazine of the Korean Society of Agricultural Engineers
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• v.20 no.3
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• pp.4724-4731
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• 1978

Using hydrometric data from an upland river in North Wales, a relationship between rate of river flow and water stored within the catchment area (catchment storage) is assumed to exist, and is evaluated from an analysis of winter recession curves. This storage/river flow relationship, when combined with water balance equations, produces a set of equations which may be used for "routing" input of rainfall through a storage with defined outflow characteristics, providing a straightforward method of flood prediction and analysis from rainfall data. Recorded and predicted flood hydrographs are compared, and the effectiveness and limitations of the method are considered. The development of a complete mathematical model, embodying the storage/river flow relationship, and suitable for generation of continuous run-off records from rainfall and evaporation data, is also considered.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.543-553
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• 2020

This paper examines the effect of COVID-19 pandemic on the Philippine stock exchange, peso-dollar rate and retail price of diesel using robust least squares regression and vector autoregression (VAR). The robust least squares regression using MM-estimation method concluded that COVID-19 daily infection has negative and statistically significant effect on the Philippine stock exchange index, peso-dollar exchange rate and retail pump price of diesel. This is consistent with the results of correlation diagnostics. As for the VAR model, the lag values of the independent variable disclose significance in explaining the Philippine stock exchange index, peso-dollar exchange rate and retail pump price of diesel. Moreover, in the short run, the impulse response function confirmed relative effect of COVID-19 daily infections and the variance decomposition divulge that COVID-19 daily infections have accounted for only minor portion in explaining fluctuations of the Philippine stock exchange index, peso-dollar exchange and retail pump price of diesel. In the long term, the influence levels off. The Granger causality test suggests that COVID-19 daily infections cause changes in the Philippine stock exchange index and peso-dollar exchange rate in the short run. However, COVID-19 infection has no causal link with retail pump price of diesel.

• 한국해양학회지
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• v.28 no.2
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• pp.121-131
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• 1993

The tidal front forming in the Mid-Yellow Sea off Korea, near Tae-An peninsular, is calculated using a 3-D general circulation model(Semtner, 1974) and the concept of mixing rate, an extension of the concept of mixing efficiency proposed by simpson & Hunter(1974). Along the north and south open boundaries, simple radiation conditions are applied. The model is run with the initial state which represents the winter condition. With imposed uniform heating by solar radiation and spatially-different vertical mixing, the model then generated the tidal front comparable to the observed one.