• Title/Summary/Keyword: Simultaneous Model

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The Determinants of Foreign Exchange Reserves: Evidence from Indonesia

  • ANDRIYANI, Kurnia;MARWA, Taufiq;ADNAN, Nazeli;MUIZZUDDIN, Muizzuddin
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.629-636
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    • 2020
  • This study aims to identify and analyze the factors that affect foreign exchange reserves in Indonesia. We consider the variables of external debt, exchange rate, inflation, and exports as explanatory factors referring to previous studies. We apply the Autoregressive Distributed Lag approach to time-series data retrieved from the Central Bank of Indonesia (BI), the Central Bureau of Statistics (BPS), and International Monetary Funds (IMF) from January 2016 to December 2018. Our results show that foreign debt, exchange rates, inflation, and exports significantly affect the simultaneous fluctuation of foreign exchange reserves in Indonesia. Partially, foreign debt has a significant and positive effect on foreign exchange reserves. The exchange rate has a significant and negative effect on foreign exchange reserves in Indonesia. However, our findings explain that inflation does not significantly affect foreign exchange reserves in Indonesia, and exports have a significant and positive effect on foreign exchange reserves. This study is expected to be useful to policymakers in managing foreign exchange reserves, so the economy of Indonesia can grow sustainably. One of the exciting things in this study lies in the model that uses the Autoregressive Distributed Log, which can explain long-term relationships through adjusted coefficient and cointegration tests.

Optimum Board Size to Achieve Optimal Performance in Indonesia

  • KRISNADEWI, Komang Ayu;SOEWARNO, Noorlailie;AGUSTIA, Dian
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.231-239
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    • 2020
  • The aim of this paper is to review the role of board size as part of the corporate governance system. This paper discusses one aspect of corporate governance, namely, boards, in the Indonesian context. Using the literature review method, this paper explores factors that need to be considered to determine the optimal number of boards, especially in Indonesia. We explore some determinants of board size, such as complexity and leverage, ownership structure, and financial ratio support. The results reveal that an understanding of the differences found in the two-tier board model helps us understand that the different functions of the board of commissioners and the board of directors require different test treatments from countries that adhere to one-tier systems. A review of the relationship between board size and company performance is expected to provide the corporate governance literature with insights into optimizing the sizes of boards that can improve company performance, both in terms of boards of commissioners and boards of directors. This paper proposes the simultaneous testing of board size's relationship with company performance. The results of this study are expected to make a more real contribution about the effect of board size on company performance.

Full-Duplex Operations in Wireless Powered Communication Networks

  • Ju, Hyungsik;Lee, Yuro;Kim, Tae-Joong
    • ETRI Journal
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    • v.39 no.6
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    • pp.794-802
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    • 2017
  • In this paper, a wireless powered communication network (WPCN) consisting of a hybrid access point (H-AP) and multiple user equipment (UE), all of which operate in full-duplex (FD), is described. We first propose a transceiver structure that enables FD operation of each UE to simultaneously receive energy in the downlink (DL) and transmit information in the uplink (UL). We then provide an energy usage model in the proposed UE transceiver that accounts for the energy leakage from the transmit chain to the receive chain. It is shown that the throughput of an FD WPCN using the proposed FD UE (FD-WPCN-FD) can be maximized by optimal allocation of the UL transmission time to the UE by solving a convex optimization problem. Simulation results reveal that the use of the proposed FD UE efficiently improves the throughput of a WPCN with a practical self-interference cancellation capability at the H-AP. Compared to the WPCN with FD H-AP and half-duplex (HD) UE, FD-WPCN-FD achieved an 18% throughput gain. In addition, the throughput of FD-WPCN-FD was shown to be 25% greater than that of WPCN in which an H-AP and UE operated in HD.

Validation of the Nursing Outcomes Classification (NOC) to Nursing in Korea (간호결과 분류체계의 타당성 검증 - 지역사회 간호결과를 중심으로 -)

  • Lee, Eun-Joo
    • Research in Community and Public Health Nursing
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    • v.13 no.3
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    • pp.523-531
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    • 2002
  • Purpose: The purpose of this study was to assess the importance and sensitivity to nursing interventions of six sensitive nursing outcomes selected from the Nursing Outcomes Classification. The outcomes in this study were Self-Care: Activities of Daily Living, Self-Care: Instrumental Activities of Daily Living, Treatment Behavior: Illness or Injury, Knowledge: Health Promotion, Caregiver Performance: Direct Care, and Caregiver Physical Health. Method: Data were collected from 97 visiting nurses working in public health centers located in a province and a capital city. The Fehring method was used to estimate outcomes and indicators for content validity. Simultaneous multiple regression and stepwise regression were used to evaluate relationships between each outcome and its indicators. Results: Results confirmed the importance and nursing sensitivity of the outcomes and their indicators. Multiple regression revealed key indicators of each outcome. Self-Care: Instrumental Activity of Daily Living needed to be revised. Neither all of the indicators nor the indicators showing the highest importance and contribution ratio were selected as independent variables for the stepwise regression model. The R2 of the regression models ranged from 29 to 56% in importance by selected indicators and from 56 to 83% in contribution. Conclusion: Further research is needed for the revision of outcomes and their indicators.

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Role of Charge Produced by the Gas Activation in the CVD Diamond Process

  • Hwang, Nong-Moon;Park, Hwang-Kyoon;Suk Joong L. Kang
    • The Korean Journal of Ceramics
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    • v.3 no.1
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    • pp.5-12
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    • 1997
  • Charged carbon clusters which are formed by the gas activation are suggested to be responsible for the formation of the metastable diamond film. The number of carbon atoms in the cluster that can reverse the stability between diamond and graphite by the capillary effect increases sensitively with increasing the surface energy ratio of graphite to diamond. The gas activation process produces charges such as electrons and ions, which are energetically the strong heterogeneous nucleation sites for the supersaturated carbon vapor, leading to the formation of the charged clusters. Once the carbon clusters are charged, the surface energy of diamond can be reduced by the electrical double layer while that of graphite cannot because diamond is dielectric and graphite is conducting. The unusual phenomena observed in the chemical vapor deposition diamond process can be successfully approached by the charged cluster model. These phenomena include the diamond deposition with the simultaneous graphite etching, which is known as the thermodynamic paradox and the preferential formation of diamond on the convex edge, which is against the well-established concept of the heterogeneous nucleation.

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New mechanism of thin film growth by charged clusters

  • Hwang, Nong-Moon;Kim, Doh-Yeon
    • Journal of the Korean Crystal Growth and Crystal Technology
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    • v.9 no.3
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    • pp.289-294
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    • 1999
  • The charged clusters or particles, which contain hundreds to thousands of atoms or even more, are suggested to from in the gas phase in the thin film processes such as CVD, thermal evaporation, laser ablation, and flame deposition. All of these processes are also phase synthesis of the nanoparticels. Ion-induced or photo-induced nucleation is the main mechanism for the formation of these nanoclusters or nanoparticles in the gas phase. Charge clusters can make a dense film because of its self-organizing characteristics while neutral ones make a porous skeletal structure because of its Brownian coagulation. The charged cluster model can successfully explain the unusual phenomenon of simultaneous deposition and etching taking place in diamond and silicon CVD processes. It also provides a new interpretation on the selective deposition on a conducting material in the CVD process. The epitaxial sticking of the charged clusters on the growing surface is getting difficult as the cluster size increases, resulting in the nanostructure such as cauliflower or granular structures.

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Input-Output Feedback Linearization of Sensorless IM Drives with Stator and Rotor Resistances Estimation

  • Hajian, Masood;Soltani, Jafar;Markadeh, Gholamreza Arab;Hosseinnia, Saeed
    • Journal of Power Electronics
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    • v.9 no.4
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    • pp.654-666
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    • 2009
  • Direct torque control (DTC) of induction machines (IM) is a well-known strategy of these drives control which has a fast dynamic and a good tracking response. In this paper a nonlinear DTC of speed sensorless IM drives is presented which is based on input-output feedback linearization control theory. The IM model includes iron losses using a speed dependent shunt resistance which is determined through some effective experiments. A stator flux vector is estimated through a simple integrator based on stator voltage equations in the stationary frame. A novel method is introduced for DC offset compensation which is a major problem of AC machines, especially at low speeds. Rotor speed is also determined using a rotor flux sliding-mode (SM) observer which is capable of rotor flux space vector and rotor speed simultaneous estimation. In addition, stator and rotor resistances are estimated using a simple but effective recursive least squares (RLS) method combined with the so-called SM observer. The proposed control idea is experimentally implemented in real time using a FPGA board synchronized with a personal computer (PC). Simulation and experimental results are presented to show the capability and validity of the proposed control method.

Is Real Appreciation or More Government Debt Contractionary? The Case of the Philippines

  • Hsing, Yu;Morgan, Yun-Chen
    • East Asian Journal of Business Economics (EAJBE)
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    • v.4 no.4
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    • pp.1-7
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    • 2016
  • This paper has studied the impacts of the exchange rate, government debt as a percent of GDP and other relevant macroeconomic variables on aggregate output in the Philippines. A simultaneous-equation model consisting of aggregate demand and short-run aggregate supply is applied. The dummy variable technique is employed to detect whether the slope and intercept of the real effective exchange rate may have changed. Real depreciation during 1998.Q1 - 2006.Q3, real appreciation during 2006.Q4 - 2016.Q1, a lower domestic debt as a percent of GDP, a lower real interest rate, a higher stock price or a higher lagged real oil price would raise aggregate output. Recent trends of real peso appreciation, declining domestic debt as a percent of GDP, lower real interest rates, and rising stock prices are in line with the empirical results and would promote economic growth. The authorities may need to continue to pursue fiscal prudence and maintain a stronger peso as the positive effect of real appreciation dominates its negative effect in recent years.

Structural coupling mechanism of high strength steel and mild steel under multiaxial cyclic loading

  • Javidan, Fatemeh;Heidarpour, Amin;Zhao, Xiao-Ling;Al-Mahaidi, Riadh
    • Steel and Composite Structures
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    • v.27 no.2
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    • pp.229-242
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    • 2018
  • High strength steel is widely used in industrial applications to improve the load-bearing capacity and reduce the overall weight and cost. To take advantage of the benefits of this type of steel in construction, an innovative hybrid fabricated member consisting of high strength steel tubes welded to mild steel plates has recently been developed. Component-scale uniaxial and multiaxial cyclic experiments have been conducted with simultaneous constant or varying axial compression loads using a multi-axial substructure testing facility. The structural interaction of high strength steel tubes with mild steel plates is investigated in terms of member capacity, strength and stiffness deterioration and the development of plastic hinges. The deterioration parameters of hybrid specimens are calibrated and compared against those of conventional steel specimens. Effect of varying axial force and loading direction on the hysteretic deterioration model, failure modes and axial shortening is also studied. Plate and tube elements in hybrid members interact such that the high strength steel is kept within its ultimate strain range to prevent sudden fracture due to its low ultimate to yield strain ratio while the ductile performance of plate governs the global failure mechanism. High strength material also significantly reduces the axial shortening in columns which prevents undesirable frame deformations.

A Study on Tracer Gas Methodology to Measure Interzonal Airflow Rates (실간환기량 측정을 위한 추적가스 실험방법론에 관한 연구)

  • Han, Hwa-Taik;Cho, Seok-Hyo
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.21 no.11
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    • pp.606-612
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    • 2009
  • Interzonal air movements are important to characterize overall ventilation performance of complicated multi-zone buildings. Tracer gas techniques are widely used to measure ventilation rates, ventilation effectiveness, and interzonal air movements. Depending on the number of gases used, they are divided into single and multi tracer gas methods. This paper deals with the comparison of the tracer gas methods in measuring air exchange rate between rooms. Experiments have been conducted in a simple two-room model with known airflow rates. In multi-gas procedure, the concentration decays of two tracer gases, i.e SF6 and R134a are measured after simultaneous injections in each room. The single tracer gas method is also applied by injecting SF6 gas with a time lag between two rooms. The data reduction procedures are developed to obtain the interzonal airflow rate using the matrix inversion, and various data manipulation methods are tested, such as data shift, interpolation, and smoothing. Uncertainty for each airflow rate is investigated depending on the parameters based on the setting values.