• Title/Summary/Keyword: Statistical quality control

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Audit Quality and Stock Return Co-Movement: Evidence from Vietnam

  • PHAM, Chi Bich Thi;VU, Thu Minh Thi;NGUYEN, Linh Ha;NGUYEN, Dung Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.139-147
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    • 2020
  • This paper aims to explore the relationship between the quality of the audit and the level of stock return co-movement in the context of the Vietnamese emerging market. The empirical study is designed based on the quatitative method and deductive approach. The panel dataset includes 256 listed firms from different industries,with 1115 firm-year observations on Ho Chi Minh City Stock Exchange for the period from 2014 to 2018. In the research, we built the econometric regression model, using stock return synchronicity and audit quality as the dependent and independent variable, respectively. Some control variables are also added to the econometric regression models as they are well-documented in prior research to have an effect on stock price synchronicity. To improve the accuracy of the regression coefficients, beside the Ordinary Least Squares, we employ the Random Effects Model and the Fixed Effects Model for better statistical analysis of panel data set. The results show that the quality of the audit is positively correlated to stock price synchronicity. This finding suggests that stock returns of companies with higher quality of the audit are more synchronous with the market. Results for other control variables also support our reasoning for the main findings.

A Study on the Statistical Method for the Target Component of a Glucose-lowering Functional Material in Extracts of Evening Primerose Seeds (혈당상승억제 기능성 소재인 달맞이꽃종자 추출물의 지표물질 분석법의 통계적 검증에 대한 연구)

  • Park, Sang-Wook;Bang, Joon Seok;Lee, Wonjae
    • Korean Journal of Clinical Pharmacy
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    • v.26 no.1
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    • pp.70-76
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    • 2016
  • Background: The use of the extracts from evening primrose seeds as a health functional food has been gradually increased. Therefore, the monitoring and screening process has been considerably required for its quality control. Objective: This study aimed to estimate the measurement uncertainty associated with determination of penta-o-galloyl ${\beta}$-D-glucose (PGG) in extracts from evening primrose seeds by high-performance liquid chromatography. Methods: The sources of measurement uncertainty was expressed in accordance with mathematical/statistical theories of GUM & EURACHEM Guide. The expanded uncertainty was calculated by using the relative standard uncertainty between analytical result and sources of uncertainty in measurement (sample weight, final volume, extraction volume, standard solution, matrix and instrument etc). Results: In the results of 95% confidence interval, the uncertainty in measurement was $10,253.34{\pm}1,844.50{\mu}g/kg$ (k = 2.0). Conclusion: In this study, it showed that the value of uncertainty in measurement for determination of PGG in extracts from evening primrose seeds by HPLC has about 18.0% influence on PGG contents of the analytical results. The results would be very useful for the monitoring and screening of evening primrose seeds marketed in Korea for its quality control as dietary supplement.

Development of an Intelligent Operation Support System (지능적 조업 지원 시스템의 개발)

  • 이영학;이동희;한종훈
    • 제어로봇시스템학회:학술대회논문집
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    • 2000.10a
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    • pp.391-391
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    • 2000
  • Manufacturing process generally exhibits major or minor variations due to deviation of raw materials, equipment degradation, controller malfunction, and so on. Extensive research based on multivariate statistical process control has been done to monitor the unstable states and indicate a corrective action. A prototype of intelligent operation support system ("ISYS-MSPC") has been developed as a tool that supports the enhanced operation to guarantee the high productivity and a uniform high quality product. This system has been applied to the industrial batch and continuous processes and its performance has been validated .

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Chemical Oxygen Demand (COD) Model for the Assessment of Water Quality in the Han River, Korea (한강수질 평가를 위한 COD (화학적 산소 요구량) 모델 평가)

  • Kim, Jae Hyoun;Jo, Jinnam
    • Journal of Environmental Health Sciences
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    • v.42 no.4
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    • pp.280-292
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    • 2016
  • Objectives: The objective of this study was to build COD regression models for the Han River and evaluate water quality. Methods: Water quality data sets for the dry season (as of January) during a four-year period (2012-2015) were collected from the database of the Han River automatic water quality monitoring stations. Statistical techniques, including combined genetic algorithm-multiple linear regression (GA-MLR) were used to build five-descriptor COD models. Multivariate statistical techniques such as principal component analysis (PCA) and cluster analysis (CA) are useful tools for extracting meaningful information. Results: The $r^2$ of the best COD models provided significant high values (> 0.8) between 2012 and 2015. Total organic carbon (TOC) was a surrogate indicator for COD (as COD/TOC) with high reliability ($r^2=0.63$ in 2012, $r^2=0.75$ for 2013, $r^2=0.79$ for 2014 and $r^2=0.85$ for 2015). The ratios of COD/TOC were calculated as 2.08 in 2012, 1.79 in 2013, 1.52 and 1.45 in 2015, indicating that biodegradability in the water body of the Han River was being sustained, thereby further improving water quality. The BOD/COD ratio supported these findings. The cluster analysis revealed higher annual levels of microorganisms and phosphorous at stations along the Hangang-Seoul and Hantangang areas. Nevertheless, the overall water quality over the last four years showed an observable trend toward continuous improvement. These findings also suggest that non-point pollution control strategies should consider the influence of upstreams and downstreams to protect water quality in the Han River. Conclusion: This data analysis procedure provided an efficient and comprehensive tool to interpret complex water quality data matrices. Results from a trend analysis provided much important information about sources and parameters for Han River water quality management.

A Pilot Study of the Scanning Beam Quality Assurance Using Machine Log Files in Proton Beam Therapy

  • Chung, Kwangzoo
    • Progress in Medical Physics
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    • v.28 no.3
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    • pp.129-133
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    • 2017
  • The machine log files recorded by a scanning control unit in proton beam therapy system have been studied to be used as a quality assurance method of scanning beam deliveries. The accuracy of the data in the log files have been evaluated with a standard calibration beam scan pattern. The proton beam scan pattern has been delivered on a gafchromic film located at the isocenter plane of the proton beam treatment nozzle and found to agree within ${\pm}1.0mm$. The machine data accumulated for the scanning beam proton therapy of five different cases have been analyzed using a statistical method to estimate any systematic error in the data. The high-precision scanning beam log files in line scanning proton therapy system have been validated to be used for off-line scanning beam monitoring and thus as a patient-specific quality assurance method. The use of the machine log files for patient-specific quality assurance would simplify the quality assurance procedure with accurate scanning beam data.

Statistical Design of CV-CUSUM Control Chart Using Fast Initial Response (FIR을 이용한 CV-CUSUM 관리도의 통계적 설계)

  • Lee, Jung-Hoon;Kang, Hae-Woon;Hong, Eui-Pyo;Kang, Chang-Wook
    • Journal of Korean Society for Quality Management
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    • v.38 no.3
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    • pp.313-321
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    • 2010
  • The coefficient of variation represents the ratio of the standard deviation to the mean, and it is a useful statistic for comparing the degree of variation from one data series to another, even if the means are drastically different from each other. Recently, the CV control chart is developed for monitoring processes in such situations. However, the CV control chart has low performance in detecting small shift. Due to the development of equipment and technique, currently, small shift of process occurs more frequently than large shift. In this paper, we proposes the CV-CUSUM control chart using CUSUM scheme which is cumulative sum of the deviations between each data point and a target value to detect a small shift in the process. We also found that the FIR(fast initial response) CUSUM control chart is especially valuable at start-up or after a CV-CUSUM control chart has signaled out-of-control.

The Effect of Fertigation Setting Point on the Growth and Fruit Quality of Sweet Pepper (Capsicum annuum L.) (관비재배에서 토양수분이 착색단고추의 생육과 품질에 미치는 영향)

  • 유성오;배종향
    • Journal of Bio-Environment Control
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    • v.13 no.2
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    • pp.102-106
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    • 2004
  • Objective of this research was to investigate the effect of fertigation setting point such as -5, -10, -20, and -30 ㎪ on the growth and fruit quality of sweet pepper (Capsicum annuum L.) in greenhouse culture. The net $CO_2$ assimilation and transpiration rate were the lowest in the treatment of -30㎪. The pH and EC in soil solution were not severly affected by irrigation setting point and no statistical differences were observed among treatments of irrigation setting point tested. The N content of above ground plant tissue was the lowest in the treatment of -30 ㎪ and those of K, Ca, and Mg were the highest in the treatment of -10 ㎪. But that of P did not show statistical differences among treatments tested. As the fertigation setting point was getting low, the growth decreased at 60th day after planting, while there were no differences among treatments at 210th day after planting. The fruit quality except sugar contents did not show differences among treatments, but sugar contents was the highest in the treatment of -30 ㎪ with $8.0^{\circ}$Brix. Above results indicated that fertigation setting point should be in the range from -10 ㎪ to -20 ㎪ to ensure good crop growth and fruit quality in sweet pepper production.

A VSR $\bar{X}$ Chart with Multi-state VSS and 2-state VSI Scheme

  • Lee, Jae-Heon;Park, Chang-Soon
    • Journal of Korean Society for Quality Management
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    • v.32 no.4
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    • pp.252-264
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    • 2004
  • Variable sampling Interval (VSI) control charts vary the sampling interval according to value of the control statistic while the sample size is fixed. It is known that control charts with 2-state VSI scheme, which uses only two sampling intervals, give good statistical properties. Variable sample size (VSS) control charts vary the sample size according to value of the control statistic while the sampling interval is fixed. In the VSS scheme no optimal results are known for the number of sample sizes. It is also known that the variable sampling rate (VSR) $\bar{X}$ control chart with 2-state VSS and 2-state VSI scheme leads to large improvements In performance over the fixed sampling rate (FSR) $\bar{X}$ chart, but the optimal number of states for sample size Is not known. In this paper, the VSR Χ charts with multi-state VSS and 2-state VSI scheme are designed and compared to 2-state VSS and 2-state VSI scheme. The multi-state VSS scheme is considered to, achieve an additional improvement by switching from the 2-state VSS scheme. On the other hand, the multi-state VSI scheme is not considered because the 2-state scheme is known to be optimal. The 3-state VSS scheme improves substantially the sensitivity of the $\bar{X}$ chart especially for small and moderate mean shifts.

Useful Control Equations for Practitioners on Dynamic Process Control

  • Suzuki, Tomomichi;Ojima, Yoshikazu
    • International Journal of Quality Innovation
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    • v.3 no.2
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    • pp.174-182
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    • 2002
  • System identification and controller formulation are essential in dynamic process control. In system identification, data for system identification are obtained, and then they are analyzed so that the system model of the process is built, identified, and diagnosed. In controller formulation, the control equation is derived based on the result of the system identification. There has been much theoretical research on system identification and controller formulation. These theories are very useful when they are appropriately applied. To our regret, however, these theories are not always effectively applied in practice because the engineers and the operators who manage the process often do not have the necessary understanding of required time series analysis methods. On the other hand, because of widespread use of statistical packages, system identification such as estimating ARMA models can be done with little understanding of time series analysis methods. Therefore, it might be said that the most theoretically difficult part in practice is the controller formulation. In this paper, lists of control equations are proposed as a useful tool for practitioners to use. The tool supports bridging the gap between theory and practice in dynamic process control. Also, for some models, the generalized control equations are obtained.

A Study for Statistical Criterion in Negative Association Rules Using Boolean Analyzer

  • Lee, Keun-Woo;Park, Hee-Chang
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.2
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    • pp.569-576
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    • 2008
  • Association rule mining searches for interesting relationships among items in a given database. Association rules are frequently used by retail stores to assist in marketing, advertising, floor placement, and inventory control. There are three primary quality measures for association rule, support and confidence and lift. Association rule is an interesting rule among purchased items in transaction, but the negative association rule is an interesting rule that includes items which are not purchased. Boolean Analyzer is the method to produce the negative association rule using PIM. But, PIM is subjective. In this paper, we present statistical objective criterion in negative association rules using Boolean Analyzer.

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