• Title/Summary/Keyword: copula theory

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The Effect of E-commerce Platform Seller Signals on Revenue: Focusing on the Moderating Effect of Keyword Specificity (e-커머스 플랫폼 판매자 신호가 수익에 미치는 영향: 키워드 구체성의 조절 효과를 중심으로)

  • Jungwon Lee;Jaehyun You
    • Information Systems Review
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    • v.25 no.2
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    • pp.103-123
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    • 2023
  • One of the valid perspectives in the e-commerce platform literature is the seller signaling strategy in the information asymmetry situation. In this study, a research model was constructed based on signaling theory and shopping goal theory to systematically explore the effects of a seller's signaling strategy on consumer decision-making. Specifically, the study examined whether the signaling effects (i.e., reputation, electronic word-of-mouth, price) provided by the seller differed based on consumers' shopping goals. For the empirical analysis, the Gaussian Copula method was employed, utilizing 26,246 data collected from Amazon, a leading e-commerce platform. The analysis revealed that the signals provided by the seller positively impacted sales, and this effect was moderated by consumers' shopping goals. Drawing on shopping goal theory, this study contributes to signaling theory and e-commerce literature by discovering differences in the effectiveness of a seller's signaling strategy based on the keywords input by consumers.

Copula-ARMA Model for Multivariate Wind Speed and Its Applications in Reliability Assessment of Generating Systems

  • Li, Yudun;Xie, Kaigui;Hu, Bo
    • Journal of Electrical Engineering and Technology
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    • v.8 no.3
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    • pp.421-427
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    • 2013
  • The dependence between wind speeds in multiple wind sites has a considerable impact on the reliability of power systems containing wind energy. This paper presents a new method to generate dependent wind speed time series (WSTS) based on copulas theory. The basic feature of the method lies in separating multivariate WSTS into dependence structure and univariate time series. The dependence structure is modeled through the use of copulas, which, unlike the cross-correlation matrix, give a complete description of the joint distribution. An autoregressive moving average (ARMA) model is applied to represent univariate time series of wind speed. The proposed model is illustrated using wind data from two sites in Canada. The IEEE Reliability Test System (IEEE-RTS) is used to examine the proposed model and the impact of wind speed dependence between different wind regimes on the generation system reliability. The results confirm that the wind speed dependence has a negative effect on the generation system reliability.

Determination of drought events considering the possibility of relieving drought and estimation of design drought severity (가뭄해갈 가능성을 고려한 가뭄사상의 결정 및 확률 가뭄심도 산정)

  • Yoo, Ji Young;Yu, Ji Soo;Kwon, Hyun-Han;Kim, Tae-Woong
    • Journal of Korea Water Resources Association
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    • v.49 no.4
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    • pp.275-282
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    • 2016
  • The objective of this study is to propose a new method to determine the drought event and the design drought severity. In order to define a drought event from precipitation data, theory of run was applied with the cumulative rainfall deficit. When we have a large amount of rainfall over the threshold level, in this study, we compare with the previous cumulative rainfall deficit to determine whether the drought is relieved or not. The recurrence characteristics of the drought severity on the specific duration was analyzed by the conditional bivariate copula function and confidence intervals were estimated to quantify uncertainties. The methodology was applied to Seoul station with the historical dataset (1909~2015). It was observed that the past droughts considered as extreme hydrological events had from 10 to 50 years of return period. On the other hand, the current on-going drought event started from 2013 showed the significantly higher return period. It is expected that the result of this study may be utilized as the reliable criteria based on the concept of return period for the drought contingency plan.

Spatio-temporal pattern of ecological droughts by using the Standardized Water Supply Demand Index in the Hwang River.

  • Sadiqi, Sayed Shajahan;Hong, Eun-Mi;Nam, Won-Ho
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.158-158
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    • 2022
  • Ecological drought consequences have received a lot of attention in recent years. Thus, ecological drought was proposed as a new drought category to characterize the impact of drought on ecosystems. The current study used a unique drought index, the standardized supply-demand water index (SSDI), and a run theory to detect ecological drought occurrences and characteristics such as drought-affected area, drought severity, drought duration, drought frequency, and drought orientation in the Hwang River, an environmentally valuable region. Hence, to assess drought-prone areas, the bivariate probability and return period will be calculated using a two-dimensional joint copula. The core results show that (a) the Spatio-temporal characteristics of ecological drought were successfully recognized using the spatial and temporal identification approach; (b) in comparison to the SPEI meteorological drought index, the SSDI is more credible and can more readily and effectively capture the entire properties of ecological drought information; (c) the Hwang river had seen the most severe drought occurrences between the late 1990s and the mid-2020s, with 48.3 percent occurring before the twenty-first century; (d) Severe ecological drought occurrences occurred more frequently in most areas of the Hwang River (e) Only the drought duration and severity in the Hwang area were more responsive to temperature when temperatures rise around 1.1℃, the average drought duration and severity rise around 16 % and 26 %, respectively. This suggested that the Hwang River has been exposed to more severe heat stress in the twenty-first century. Thereupon droughts in the twenty-first century occurred with bigger affected regions, longer durations, higher frequency, and more intensity.

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