• Title/Summary/Keyword: Stock Distribution

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Characteristics of Stochastic Volatility in Korean Stock Returns (우리나라 주식수익률의 확률변동성 특성에 관한 연구)

  • Chang, Kook-Hyun
    • The Korean Journal of Financial Management
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    • v.20 no.1
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    • pp.213-231
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    • 2003
  • This paper uses the Efficient Method of Moments(EMM) of Gallant and Tauchen to estimate continuous-time stochastic volatility diffusion model for the Korean Composite Stock Price Index, sampled daily over $1995\sim2002$. The estimates display non-normality of stock index return, leptokurtic distribution, and stochastic volatility. Funker, this study suggests that two factor stochastic volatility model will be more desirable than one factor stochastic volatility model to estimate daily Korean stock return and also suggests that the stochastic volatility diffusions should allow for Poisson jumps of time-varying intensity.

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Biochemieal Effect on Methionine Metabolism to the Expperimental Rats on Rice Diet (백미사과(白米飼科)가 실험용백서(實驗用白鼠)의 Methionine대사(代謝)에 미치는 영향(影饗)에 대(對)한 생물화학적연구(生物化學的硏究))

  • Jung, Jee-Chang;Haw, Kum
    • Journal of Nutrition and Health
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    • v.1 no.3_4
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    • pp.197-200
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    • 1968
  • Using the $Methionine-2-C^{14}$, the metabolism of methionine to the experimental rats on rice diet was studied comparing with that to the rats on stock diet in this paper. The National Institute of Health strain of weaning albino rats were housed into the individual cages deviding into 2 groups, the rice diet (RD) group and the stock diet (SD) group, and fed on rice diet and stock diet respectively for 10 weeks. On the day of experiment, the rats were parenterally administered. the $methionine-2-C^{14}$ solution after fasting over night. And then the rats were sacrificed by ether anesthesia by time being of one, three, six, and twelve hours each and the organs, pituitary gland, pancreas, spleen, liver, and kidney, were taken out for the determinations of radioactivities. And also the excretion of radioactivities through urine were determined by time being. The radioactivities were determined by Autoscaler SC-51 using the planchets. The results of radioactivities of urine excretion were shown at table 3 and the results of radioactivities distibutions in the organs by time being after parenteral administration of $methionine-2-C^{14}$ were shown table 4 in the original paper. According to the results, the following are summarized; 1. The growth experiment result of rats on. rice diet and stock diet were same as shown by the previous workers indicating significant growth inhibition at the rice diet group. 2. Due to the result of radioactivity excretion through urine after administration of $methionine-2-C^{14}$, it might he considered that methionine in the rice diet seems to be limited. However, it seems to be not 주 mostly limited. 3. And due to the results of radioactivity distribution in the organs by time being, the radioactivity in the liver tissue showed appearently higher readings at this methionine study compared with the results at the lysine study shown by HAW and his co-worker. This might be interpreted, though it is not clear, that liver might require methionine as a deficient amino acid at the tissue because methionine is limited at the rice diet.

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A Study on Developing an Integrated Model of Facility Location Problems and Safety Stock Optimization Problems in Supply Chain Management (공급사슬관리에서 생산입지선정 문제와 안전재고 최적화 문제의 통합모형 개발에 관한 연구)

  • Cho Geon
    • Journal of the Korean Operations Research and Management Science Society
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    • v.31 no.1
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    • pp.91-103
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    • 2006
  • Given a bill of materials (BOM) tree T labeled by the breadth first search (BFS) order from node 0 to node n and a general network ${\Im}=(V,A)$, where V={1,2,...,m} is the set of production facilities and A is the set of arcs representing transportation links between any of two facilities, we assume that each node of T stands for not only a component. but also a production stage which is a possible stocking point and operates under a periodic review base-stock policy, We also assume that the random demand which can be achieved by a suitable service level only occurs at the root node 0 of T and has a normal distribution $N({\mu},{\sigma}^2)$. Then our integrated model of facility location problems and safety stock optimization problem (FLP&SSOP) is to identify both the facility locations at which partitioned subtrees of T are produced and the optimal assignment of safety stocks so that the sum of production cost, inventory holding cost, and transportation cost is minimized while meeting the pre-specified service level for the final product. In this paper, we first formulate (FLP&SSOP) as a nonlinear integer programming model and show that it can be reformulated as a 0-1 linear integer programming model with an exponential number of decision variables. We then show that the linear programming relaxation of the reformulated model has an integrality property which guarantees that it can be optimally solved by a column generation method.

The Study on the Effect of Passenger Coach temperature When Aircurtains Installed At Electrical Rolling Stock At Entrance Door (전동차 출입문에 에어커튼 설치시 객실 온도 변화 연구)

  • Ahn Jong-Kon;Kim Chul-Ho;Park Duk-Sin
    • Proceedings of the KSR Conference
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    • 2004.10a
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    • pp.489-496
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    • 2004
  • The effect of airconditioning and heating system when aircurtains installed in subway electrical rolling stock at entrance door. It blocks cold/hot air of outside. It is good for health with its blocking effect against dusts exhaust fumes, odor bugs and smoke from outside. It always maintains clean and pleasant atmosphere inside. It helps you to have health with its ever-equal temperature distribution at inside. It saves lots of maintenance cost for heating/cooling (about 86$\%$) since it cuts the loss of hot air under heating as well as of cold air under air-conditionin. Customers can feel pleasant go in and out (better than before) with the door. It is an indispensable product for the employers to cut the cost. It makes customers feel pleasant near doors, since it isnt influenced by temperature difference of cold/hot air when the door opens/closes. In electrical rolling stock passenger temperature is a lot different from that the door opens/closes. One of the main aims is to create an acceptable thermal environment without draught problem. Temperature, gradients when aircurtains installed in subway electrical rolling stock at entrance door have been studied. And the temperature measured at 0.1, 0.5, 1.3, 1.7m above the floor. It has been found that temperature, with large fluctuations caused more draught influence.

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Analyzing Relationships between Stock Prices and Business Performances of Construction Companies (건설기업의 주식가격과 경영성과와의 상관관계 분석)

  • Kim Hee-Joon;Kim Myung-Sun;Kim Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.4 no.3 s.15
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    • pp.76-84
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    • 2003
  • The bankruptcy possibility of construction firms have been higher by the environment of current construction industry. Thus, converting management environment for growth into that for value or profit is required. Nowadays, funds of construction firms is almost provided by financial institutions. As the firms' size grow, they have a form of fund provision through the securities market; however, fair distribution for returns is not practiced by opening company. Especially, construction firms lost trust of Investor by lack of awareness to firm clearness, and then a vicious cycle of no effectiveness in fund provision through securities market is continued again. On this study correlation between stock quotations and primary financial factors of firms in order to grasp actual management condition in construction firms was analyzed. By this, the correlation between stock quotations and the result of firm management was provided. Also, necessity of firm's capital provision was explained, thus ways to ensure firm clearness was searched.

The Express-Assessment of Main Monetary Indicators of Russia and the Countries of CIS

  • Vyborova, Elena Nikolaevna
    • East Asian Journal of Business Economics (EAJBE)
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    • v.6 no.1
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    • pp.1-31
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    • 2018
  • Purpose - This study is to analyze indicators characterizing the monetary turnover and its determining factors. Also this paper looked at the evolution of monetary aggregates of the Russian Federation, Australian, Sweden, Denmark, countries of CIS at the present stage of development and in the historical context. Research design, data, and methodology - The scale of research on Russia: to be analyzed the amount of data from the 2011 by 2016. In the historical context of the estimated data in the 1900-2011. On Belarus - the 2007-2017, on Tajikistan - the 2000 - 2017, on Kazakhstan - the 2000-2017, on Kyrgyzstan - the 2000-2017, on Australian - the 1959-2017, on Sweden - the 2009-2017, on Denmark - the 1999-2017. Results - Hypothesis 1. In Russian Federation the monetary stock has the steady tendency to growth. The dynamics of money supply in Russia is largely determined by historical events. Hypothesis 2. The dynamics of money supply the leading countries-partners has the tendency to grow. The monetary amount of countries-partners are analyzed is largely determined by external debt, GDP, the exports, the imports, the international reserves. Conclusions - The dynamics of monetary stock of Russia is determined by the historical events in many respects. The Russian Federation maintains a steady and the liquid economic position in the case of considerable amount of monetary stock and the high degree of its surplus. In most of the countries studied, the monetary supply has a significant volume exceeding the needs of the economy. If the distribution of monetary mass is adequate and there is a vertical of financial control, this will not have a negative impact on the country's economic stability and the development.

Genetic stock identification of Chum salmon in the Pacific Rim (북태평양 서식 연어의 계군 분석)

  • Yoon, Moongeun;Abe, Syuiti;Jeong, Hee-Je
    • Proceedings of KOSOMES biannual meeting
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    • 2017.04a
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    • pp.82-82
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    • 2017
  • Chum salmon, Oncorhynchus keta, has received considerable attention in recent years for population genetic studies due to its broad geographic distribution and high commercial importance in North Pacific fisheries. The Bering Sea and North Pacific Ocean provide major feeding habitats for various salmon stocks originating from Japan, Russia and North America. Chum salmon are a dominant pelagic fish in the Bering Sea during summer and their numbers fall when they moved in coastal areas to spawn. Population genetic data for chum salmon that can serve as a baseline for stock identification studies are scarce. In this review, we describe recently developed molecular markers and discuss their use in the study of genetic population structure of chum salmon in the Pacific Rim. In addition, we review previous genetic studies focused on the assessment of stock compositions in mixed chum salmon aggregations in the Bering Sea and North Pacific Ocean.

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Estimation of Forest Carbon Stock in South Korea Using Machine Learning with High-Resolution Remote Sensing Data (고해상도 원격탐사 자료와 기계학습을 이용한 한국 산림의 탄소 저장량 산정)

  • Jaewon Shin;Sujong Jeong;Dongyeong Chang
    • Atmosphere
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    • v.33 no.1
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    • pp.61-72
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    • 2023
  • Accurate estimation of forest carbon stocks is important in establishing greenhouse gas reduction plans. In this study, we estimate the spatial distribution of forest carbon stocks using machine learning techniques based on high-resolution remote sensing data and detailed field survey data. The high-resolution remote sensing data used in this study are Landsat indices (EVI, NDVI, NDII) for monitoring vegetation vitality and Shuttle Radar Topography Mission (SRTM) data for describing topography. We also used the forest growing stock data from the National Forest Inventory (NFI) for estimating forest biomass. Based on these data, we built a model based on machine learning methods and optimized for Korean forest types to calculate the forest carbon stocks per grid unit. With the newly developed estimation model, we created forest carbon stocks maps and estimated the forest carbon stocks in South Korea. As a result, forest carbon stock in South Korea was estimated to be 432,214,520 tC in 2020. Furthermore, we estimated the loss of forest carbon stocks due to the Donghae-Uljin forest fire in 2022 using the forest carbon stock map in this study. The surrounding forest destroyed around the fire area was estimated to be about 24,835 ha and the loss of forest carbon stocks was estimated to be 1,396,457 tC. Our model serves as a tool to estimate spatially distributed local forest carbon stocks and facilitates accounting of real-time changes in the carbon balance as well as managing the LULUCF part of greenhouse gas inventories.

Carbon stocks of Humbo Farmer Managed Natural Regeneration forest along altitudinal gradients, Southern Ethiopia

  • Wondimagegn Amanuel;Chala Tadesse;Moges Molla;Musse Tesfaye;Zenebe Mekonnen;Fantaw Yimer
    • Journal of Ecology and Environment
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    • v.48 no.3
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    • pp.382-394
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    • 2024
  • Background: Humbo Farmer Managed Natural Regeneration (FMNR) forest is managed through direct involvement of the local community and funded by the World Vision Australia through World Vision Ethiopia under framework of the Kyoto Protocol's Clean Development Mechanism on greenhouse gas emissions. Understanding the amount and distribution of carbon stored in forests across different elevations will enhance ability to anticipate how forests will react to future climate conditions and carbon levels. The aim of the study was to quantify the amount of carbon stocks along altitudinal gradients in the Humbo FMNR forest in southern Ethiopia. A total of 54 nested sample plots of 20 m × 20 m were established on transects of elevation gradients. Inventories of woody species and soil samples (0-10 cm and 10-20 cm depth) were collected within each nested sample plot. Carbon stocks in woody biomass and soil were compared by three elevation classes. Results: The total carbon stocks significantly (p < 0.05) differed among the three altitudinal gradients. There is no significant difference in biomass carbon stocks between the middle (1,610-1,750 m above sea level [a.s.l.]) and lower (1,470-1,610 m a.s.l.) elevations. However, both of these elevations significantly differ (p < 0.05) from the higher (1,750-1,890 m a.s.l.) elevation, despite an increase in carbon stocks from lower to higher elevations. The highest ecosystem carbon stock was contributed by soil carbon. The higher proportion of C stocks at the higher elevations may be associated to the species composition and dominance with larger wood density. Conclusions: It was concluded that even though soil carbon contributed higher carbon to the total carbon stock, biomass is stronger impact than soil carbon when it comes to carbon stock variation by altitudinal gradients. We recommend that carbon-related awareness creation on reducing emission for the local people and promotion of knowledge on carbon stock credits accounting and to be claimed in future for financing, which could be considered as additional possible option for sustainable forest management.

컴퓨터 탐색을 이용한 재고관리 시스템의 최적화

  • 윤승철
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.477-480
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    • 1996
  • The main objective of this research is to develop the optimal control method for a Distribution Center - multi Branch inventory distribution system. With the continuous review policy, the distribution center places an order for specific order quantity to an outside supplier, and the order quantity is replenished after a certain lead time. Also, each branch places an order for particular order quantity to the distribution center to satisfy the customer demands, and receives the replenishment after a lead time. When an out of stock condition occurs during an order cycle, a backorder is placed to the upper level to fill the unfilled demands. With these situation, variable demand and variable lead time are used for better industrial practice. Futher, actual lead times with a generic lead time distribution are used in developing the control model. Under the actual lead time model, the customer service measures actually attained for the distribution center and each branch are explained as the effective customer service measures. Thus, throughout the optimal control (using computer search procedures), we can set the desired service levels for the distribution center and each branch to produce the effective service level for each branch which is consistent with the goal level of service for each branch. At the same time, the entire distribution system keeps minimum inventories.

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