• Title/Summary/Keyword: Theory U

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An Empirical Analysis on Trade-off Theory and Pecking Order Theory for Medical Institutions's Capital Structure (의료기관 자본구조에 대한 상충관계이론과 자본조달 순위이론 실증분석)

  • Kim, Jai-Myung;Ham, U-Sang
    • Health Policy and Management
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    • v.16 no.4
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    • pp.24-47
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    • 2006
  • Based on the findings of a study focused on medical institutions(Fama & French, 2002), this study determined possible causality between determinants of capital structure and liability level, while estimating targeted debt ratio. Moreover, it also examined hypotheses about the adjustment of targeted debt ratio and the of fundraising patterns, so that it verified the relative priority of trade-off theory and pecking order theory. First, profitability had positive(+) relationships with liability level, while investment opportunities had negative(-) relationships with liability level. This finding supported pecking order theory, and non-liability tax shield effects had negative(-) relationships with liability level as estimated in both trade-off theory and pecking order theory. Next, this study verified trade-off and pecking order theory at once by means of regression analysis about the variation of liability level in associations with disparity from targeted debt ratio and short-term fluctuation of profit and investment. As a result, it was noted that liability level became mean-reversed to targeted liability ratio but slowly, SO it was difficult to assert that such mean reverse may support trade-off theory. However, the finding that most of short-term fluctuations of profit and investment are absorbed into liabilities supported pecking order theory. On the other hand, it was found that the larger scale of medical institutions is more supportive of pecking order theory in the associations between liability level and profitability and the fundraising patterns than trade-off theory.

Time-Series Causality Analysis using VAR and Graph Theory: The Case of U.S. Soybean Markets (VAR와 그래프이론을 이용한 시계열의 인과성 분석 -미국 대두 가격 사례분석-)

  • Park, Hojeong;Yun, Won-Cheol
    • Environmental and Resource Economics Review
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    • v.12 no.4
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    • pp.687-708
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    • 2003
  • The purpose of this paper is to introduce time-series causality analysis by combining time-series technique with graph theory. Vector autoregressive (VAR) models can provide reasonable interpretation only when the contemporaneous variables stand in a well-defined causal order. We show that how graph theory can be applied to search for the causal structure In VAR analysis. Using Maryland crop cash prices and CBOT futures price data, we estimate a VAR model with directed acyclic graph analysis. This expands our understanding the degree of interconnectivity between the employed time-series variables.

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Development of a Program for Consolidation Analysis Using Nonlinear Finite Strain Consolidation Theory (비선형 유한변형률 압밀이론을 이용한 압밀 해석 프로그램 개발)

  • Lee, Song;Lee, Kyu-Hwan;Jeon, Je-Sung
    • Proceedings of the Korean Geotechical Society Conference
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    • 1999.02a
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    • pp.36-47
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    • 1999
  • Terzaghi's theory of one-dimensional consolidation is restricted in its applicability to relatively thin layers and small incremental loading. Because it is assumed to infinitesimal strain and linear material function. For this reason, Gibson et al established a rigorous formulation for the one-dimensional nonlinear finite strain consolidation theory. There are some difficulties in the application of finite strain consolidation theory. The developed program consisted of several forms and modules. These forms and modules with graphic-user-interfaced format are used in analysis of consolidation practices. For the purpose of verification of developed program. the results of case study and prediction of developed program are compared. The results of comparison is fairly well with prediction and measured data. And with varying finite strain consolidation parameter, g(e) or λ(e), the sensitivity of predicted values were examined.

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Theory and Example of Flood Routing (공수조절의 이론 및 계산예)

  • 김동만
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.6 no.1
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    • pp.721-736
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    • 1964
  • Flood routing is one of the most important engineering problems for the design of a spillway, and the procedures for the routing should be thoroughly understood by the engineers engaged in the planning of a spillway. There are many methods for the flood routing such as Muskingum, Steinberg, Puis, Holton, Goodrich, Rutter, Graves, Snyder, etc., which are being used in many countries. This article introduces the theory of the modified PuIs Method in detail which is exclusively being used in the Bureau of Reclamation, Department of Interior, U.S.A. Also, this article includes a routing example worked by the writter for the Ee-dong Reservoir of the Ki-ho Irrigation Association. in Kyong-gi Province.

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EDISON 앱 개발 및 교육을 위한 Polymer Collapse 중 Polymer의 Entropy 및 Free Energy 계산

  • Park, Yun-Jae;Jang, Rak-U
    • Proceeding of EDISON Challenge
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    • 2017.03a
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    • pp.75-81
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    • 2017
  • Polymer collapse transition에 대한 연구가 많이 진행되어왔다. 허나 각각의 microstate에 대한 entropy나 free energy에 대한 계산을 하지는 못하였다. 최근 local nonequilibrium thermodynamics와 관련한 논문이 발표되었는데 이는 비평형 상태에서의 각각의 microstate에 대한 확률 분포를 결정하는 물리량을 발견 및 특성을 규명하여 이 중 특별한 상태가 지니는 "information" 이라는 양이 내부에너지와 엔트로피와의 상관관계가 있음을 보였다. 또한, 이러한 information theory를 이용한 Shannon entropy를 사용하여 entropy를 정의하고 free energy와 같은 물리량을 계산하였다. 따라서 이를 이용하여 information theory를 이용한 Shannon entropy와 이로 정의된 free energy를 이용하여 polymer collapse중 entropy 및 free energy를 계산하였다.

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Nonlinear Dielectric Properties of Amorphous copolymers(II) (무정형 고분자 재료의 비선형 유전특성(II))

  • Kang, D.H.;Roh, I.S.;Lee, S.U.
    • Proceedings of the KIEE Conference
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    • 2000.07c
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    • pp.1617-1619
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    • 2000
  • In this study the nonlinear dielectric properties of amorphous copolymers were analyzed by the related nonlinear dielectric theory. The theory is related to the cooperated dipoles and the number of the dipoles. The relation between the polarization coefficient $R_p$ and the nonlinear coefficient $R_s$ was deduced under the assumption of isotropic media.

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EXISTENCE OF INFINITELY MANY SOLUTIONS OF THE NONLINEAR HIGHER ORDER ELLIPTIC EQUATION

  • Jung, Tacksun;Choi, Q-Heung
    • Korean Journal of Mathematics
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    • v.16 no.3
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    • pp.309-322
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    • 2008
  • We prove the existence of infinitely many solutions of the nonlinear higher order elliptic equation with Dirichlet boundary condition $(-{\Delta})^mu=q(x,u)$ in ${\Omega}$, where $m{\geq}1$ is an integer and ${\Omega}{\subset}{R^n}$ is a bounded domain with smooth boundary, when q(x,u) satisfies some conditions.

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