• Title/Summary/Keyword: dummy variables

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Development of the Operating Cost Estimation Models to Evaluate the Validity of Urban Railway Investment (도시철도 투자타당성 평가를 위한 운영비용 추정모형 개발)

  • KIM, Dong Kyu;PARK, Shin Hyoung;KIM, Ki Hyuk
    • Journal of Korean Society of Transportation
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    • v.34 no.5
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    • pp.465-475
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    • 2016
  • Since inaccurate demand estimation for recent urban rail construction may result in financial burden to cities, precise prediction for operating cost as well as construction costs is necessary to avoid or reduce budget loss of the local or central government. The operating cost is directly related to the public fare and affect a policy to determine the rate system. Therefore, there is a pressing need to develop an estimating model for reliable operating cost of urban railway. This study introduces a new model to estimate the operating cost with new variables. It provides a better prediction in accuracy and reliability compared to the existing model, considering the feature of urban railway. For verification of our model, railway operation data from a few cities for the last five years were comprehensively examined to determine variables that affect the operating cost. The operating cost was estimated in a dummy regression model using five independent variables, which were average distance between stations, daily trains distance, total passenger capacity of a train in a train, driving mode(manned/unmanned), and investment type(financial/private).

An Analysis of the Impact of Entrepreneurial Activities in Busan on Regional Economic Growth and Reduction of Unemployment Rate (부산지역 창업활동이 지역경제 성장과 실업률 저감에 미치는 영향 분석)

  • Kim, Ji Young;Lee, Ye Lim
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.11 no.6
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    • pp.111-122
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    • 2016
  • Support and efforts are being strengthened at the national level for entrepreneurial activities that are expected to revitalize our economy. Generally, according to the previous studies, it is known that entrepreneurship positively affects economic growth and the reduction of unemployment rate through employment creation. The analysis of the impact of entrepreneurial activities on economic growth and job creation is mainly based on national comparative analysis. In this paper, however, the impact of start-up activities in the Busan metropolitan city on regional economic growth and employment improvement. In this study, the dummy variables were assigned to firms within three years, five years, and ten years after start-up according to the period since the start-up of the firm. As a result of the empirical analysis, the value of dummy variable of the start - up firms was found to be significant in the analysis of the sales growth rate as the dependent variable according to the preceding study by Evans(1987). Therefore, it can be seen that the growth rate of the start - up company is higher than that of the other companies and it is positive for the regional economic growth. In addition, the coefficient of the dummy variable decreases from the enterprise analysis to the latter within three years, five years, and ten years after the start-up, and confirms that the coefficient of the firm's start-up years has a negative value. I could see more clearly. On the other hand, in the analysis of the effect of start-up firms on unemployment rate reduction, the growth rate of regular workers was higher than that of other firms. This suggests that it positively affects the reduction of the unemployment rate in the region. In addition, in the dynamic analysis using the Almon estimation formula and the Koyck model, the effect of log-transformed net start-up firms on the growth rate of new workers is very significant. As a result of the above model, It is reaffirmed that start-up activity has a positive effect on employment growth.

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Cardio-Pulmonary Effects of RF Fields Emitted from WCDMA Mobile Phones (WCDMA 휴대전화 전자파에 의한 심호흡계 영향)

  • Kwon, M.K.;Choi, J.L.;Choi, J.Y.;Jang, K.H.;Kim, S.K.;Kim, D.W.
    • Journal of Biomedical Engineering Research
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    • v.33 no.2
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    • pp.59-64
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    • 2012
  • With rapid increasing usage of smart phones, social concerns have arisen about the possible effects of electromagnetic fields emitted from wideband code division multiple access(WCDMA) mobile phones on human health. The number of people with self-reported electromagnetic hypersensitivity(EHS) who complain of various subjective symptoms such as headache, insomnia etc. has also recently increased. However, it is unclear whether EHS results from physiological or other origins. In this double-blinded study, we investigated physiological changes such as heart rate, respiration rate, and heart rate variability with real and sham exposures for 15 EHS and 17 non-EHS persons using a module inside a dummy phone. Experiment was conducted using a WCDMA module with average power of 24 dBm at 1950 MHz with the specific absorption rate of 1.57 W/kg using a headphone for 32 min. As a conclusion, WCDMA RF exposure did not have any effects on the physiological variables in either group.

The effect of interaction between internationalization and strategic pursuance on the use of foreign currency denominated debt: in the context of Korean MNEs

  • Kim, Soonsung;Chung, Jaiho;Cho, Myeong-Hyeon
    • East Asian Journal of Business Economics (EAJBE)
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    • v.6 no.3
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    • pp.1-15
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    • 2018
  • Purpose - This study investigates the effect of MNEs' characteristics on the use of foreign currency denominated debt in the context of Korean firms. This study examines the relationship between MNEs and the use of foreign debt focusing on the accessibility to the capital market in addition to the motive of hedging against foreign exchange exposure. Research design and methodology - Probit estimation is employed for estimating significant factors in determination of the use of foreign debt by firms. The dependent variable is a dummy variable to indicate whether a firm uses foreign debt or not at the end of 2004. Independent variables include foreign subsidiaries ratio, export to sale, R&D expenditure to sale, and credit rating. Results - The results show that the interaction between the level of internationalization represented by intra-regional diversification and the strategic characteristics embedded in the region of entry affects the use of foreign debt. In case of a high level of diversification within the developing region with a strong pursuit of asset exploitation, MNEs are more likely to use foreign debt, whereas a high level of diversification within the developed region with a strong pursuit of asset seeking, MNEs are less likely to use foreign debt. Conclusions - The differences between MNEs in terms of intra-regional diversification, strategic orientation, and the accessibility to capital markets as well as the hedging motive affect the use of foreign debt.

A Study on the Collision Behavior of Fairy Cycle to Vehicle (어린이용 자전거의 차량 충돌거동에 관한 연구)

  • Kang, Dae-Min;Ahn, Seung-Mo
    • Transactions of the Korean Society of Automotive Engineers
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    • v.20 no.1
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    • pp.106-111
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    • 2012
  • Recently the usage of bicycle has increased steeply in Korea owing to traffic culture of well- being. In a car to bicycle accident investigation, the throw distance of bicycle is very important factor for reconstructing of the accident. The variables that influence on the throw distance of bicycle can be classified into the factors of vehicle and bicycle. Simulations and collision tests in actual car to bicycle accident were executed for obtaining throw distance of bicycle. The simulations were done by PC-$CRASH^{TM}$ and for actual crash tests sand bags were used for the behavior of bicyclist instead of dummy. Factors considered were vehicle velocity and the moving angles of bicycle, also the types of bicycle and vehicle were fairy cycle and automobile, respectively. From the results, the throw distances of a head-on tire collision of $0^{\circ}$ direction was longer than that of tire crash test of $45^{\circ}$ direction, and the throw distances of a head -on frame crash test of $90^{\circ}$ direction was longer than that of frame crash test of $45^{\circ}$ direction. In addition restitution coefficient between vehicle and bicycle was estimated as about 0.1 with based on actual crash tests. Finally the increaser vehicle velocity the longer the throw distances of bicycle, and the results of simulation were relatively good agreement to the experimental results.

New Evaluation Method of Patents by National R&D Program with Patent Citation Network Analysis (특허 인용 네트워크 분석을 활용한 국가연구개발사업 특허의 평가 방안)

  • Lim, Hongrae
    • Journal of Technology Innovation
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    • v.27 no.4
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    • pp.1-19
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    • 2019
  • This study presents a new method to evaluate patents by public R&D program using patent citation network analysis. I used forward citation, degree centrality, betweenness centrality and page rank as the dependent variables which represents the quality of patents. I used primary independent variable as a dummy of public R&D program and controlled patents characteristics, applicant characteristics, technological characteristics and year effect. The empirical result shows that the patents of public R&D program is superior to other patents in regard to the number of forward citation, the degree centrality, the betweenness centrality and the page rank. This empirical result implies that patents of public R&D program directly and effectively connects technologies. Also patents from public R&D program connects important technologies.

Sticky Cost Behavior Analysis of General Hospitals in Korea (우리나라 종합병원의 하방 경직적 원가행태 분석)

  • Yang Dong Hyun;Lee Youn Tae;Park Kwang Hoon
    • Health Policy and Management
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    • v.15 no.1
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    • pp.78-96
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    • 2005
  • The purpose of this empirical study is to investigate whether costs are 'sticky' -that is, whether costs increase more when revenues rises than they decrease when revenues falls by an equivalent amount by using the financial data fromf korean general hospital Financial data used in this study were obtained from the Database of Korean Health Industry Development Institute and analyzed using multiple regression model in dummy variables. The main results of this study are as follows: First, we found, for 69 Korean general hospitals for 3 years(2000~2002), that total hospital costs, hospital labor costs, hospital administrative costs were sticky, these costs provided strong support for the sticky costs hypothesis 1, but hospital material costs were shown to be proportional to sales revenues. Second, this results provided strong support for the hypotheses that the' degree of stickiness was lower in sales revenues declining that were preceded by revenue-declining periods (hypothesis 2-1), and that stickiness was less pronounced in a second successive year of revenue decline(hypothesis 2-2). Third, this results provided strong support for the hypothesis(hypothesis 3) that stickiness was greater hospitals that employ relatively more people to support their sales revenues(hypothesis 4) that stickiness was greater for hospital that used relatively more assets to support their sales revenues. After all, a managerial implication of this study was that sticky cost, for the general hospital, could be recognized and controlled.

The Weekend and January Effect in the Ghana Stock Market (가나 증권시장의 주말 효과와 1월 효과)

  • Ahialey, Joseph Kwaku;Kang, Ho-Jung
    • The Journal of the Korea Contents Association
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    • v.15 no.8
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    • pp.460-472
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    • 2015
  • The aim of this study is to analyze the Weekend and January effect in the Ghana Stock Exchange (GSE) using daily closing prices of GSE-All Share Index (ASI) and Composite Index (CI) between the period of January 4th, 2005 and December 31st, 2013. The dataset covers the period of 2005 to 2010 (6 years) for the ASI and 2011 to 2013 (3 years) for the CI. The following results are obtained based on a parametric regression using dummy variables. First, no weekly effect or anomaly is documented for both GSE-ASI and GSE-CI. Second, market abnormalities are captured for both GSE-ASI and GSE-CI over their respective entire periods. However, no consistent April effect is found for ASI when the period was segregated into two periods of three years. The April effect is uncovered for the GSE-ASI at 5% significant level while the January effect is found for the GSE-CI at 1% significant level.

'Hot Search Keyword' Rank-Change Prediction (인기 검색어의 순위 변화 예측)

  • Kim, Dohyeong;Kang, Byeong Ho;Lee, Sungyoung
    • Journal of KIISE
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    • v.44 no.8
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    • pp.782-790
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    • 2017
  • The service, 'Hot Search Keywords', provides a list of the most hot search terms of different web services such as Naver or Daum. The service, bases the changes in rank of a specific search keyword on changes in its users' interest. This paper introduces a temporal modelling framework for predicting the rank change of hot search keywords using past rank data and machine learning. Past rank data shows that more than 70% of hot search keywords tend to disappear and reappear later. The authors processed missing rank value, using deletion, dummy variables, mean substitution, and expectation maximization. It is however crucial to calculate the optimal window size of the past rank data. We proposed an optimal window size selection approach based on the minimum amount of time a topic within the same or a differing context disappeared. The experiments were conducted with four different machine-learning techniques using the Naver, Daum, and Nate 'Hot Search Keywords' datasets, which were collected for 2 years.

Predictors of HPV Vaccination Status in Female Nursing University Students: HPV related Knowledge and Perception (여자 간호대학생의 HPV 예방접종 상태에 영향을 미치는 요인: HPV 지식과 인식을 중심으로)

  • Park, Hyunju
    • Journal of the Korean Society of School Health
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    • v.29 no.3
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    • pp.123-131
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    • 2016
  • Purpose: Human Papillomavirus(HPV) vaccination is the best prevention for cervical cancer. Therefore, this study was to examine the best predictors of HPV vaccination status in female nursing university students. Methods: Five hundred and forty junior and senior female nursing students from Seoul and provinces of Kyunggi, Chungcheong and Gyungsang completed paper and pencil questionnaires. Descriptive statistics, $x^2$ test, t-test, and multiple logistic regression with dummy variables were conducted using SAS 9.2. Results: Of the total students, 56.8% were vaccinated. As a result of the analysis of the bivariate relationships, family economic status, school type, perceived susceptibility, perceived benefit and perceived barriers (cost, time, distance from hospital and side effects) were significantly related to vaccination status. After controlling for the general characteristics and the HPV related knowledge score, higher family economic status (Adjusted Odds Ratio [AOR]: 3.78, 95% Confidence Interval [CI]: 1.21~11.76), private university (AOR: 1.69, 95% CI: 1.14~2.53), higher perceived benefit (AOR: 1.80, 95% CI: 1.47~2.20), lower perceived barrier (cost) (AOR: 0.86, 95% CI: 0.74~0.99), lower perceived barrier (time) (AOR: 0.71, 95% CI: 0.61~0.84), and lower perceived barrier (side effects) (AOR: 0.82, 95% CI: 0.72~0.94) were significantly related to HPV vaccination. Perceived benefit, perceived barrier (time) and perceived barrier (side effects) were the top 3 predictors of HPV vaccination status. Conclusion: This study suggests that vaccinated female nursing students were more likely to be from higher family economic status and private universities and have a higher perception of benefit and a lower perception of barriers (cost, time, and side effects). Thus, efforts to increase HPV vaccination rates of female nursing students should focus on improving their perception of benefit while lowering their perception of barriers, particularly cost, time and side effects.