• Asia-Pacific Journal of Business
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• v.14 no.3
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• pp.221-240
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• 2023

Purpose - This paper investigates how business cycle impacts on corporate credit spreads since global financial crisis. Furthermore, it tests how the impact changes by the phase of the cycle. Design/methodology/approach - This study collected dataset from Barclays Global Aggregate Bond Index through the Bloomberg. It conducted multi-regression analysis by projecting business cycle using Hodrick-Prescott filtering and various cyclical variables, while ran dynamic analysis of 5-variable Vector Error Correction Model to confirm the robustness of the test. Findings - First, it proves to be statistically significant that corporate credit spreads have moved countercyclicaly since the crisis. Second, It indicates that the corporate credit spread's countercyclicality to the macroeconomic changes works symmetrically by the phase of the cycle. Third, the VECM supports that business cycle's impact on the spreads maintains more sustainably than other explanatory variable does in the model. Research implications or Originality - It becomes more appealing to accurately measure the real economic impact on corporate credit spreads as the interaction between credit and business cycle deepens. The economic impact on the spreads works symmetrically by boom and bust, which implies that the market stress could impact as another negative driver during the bust. Finally, the business cycle's sustainable impact on the spreads supports the fact that the economic recovery is the key driver for the resilience of credit cycle.

• Journal of Broadcast Engineering
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• v.9 no.1
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• pp.17-31
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• 2004

This paper proposes an algorithm for the robust transmission of video in error Prone environment using multiple description codingby optimal split of DCT coefficients and rate-distortionoptimization framework. In MDC, a source signal is split Into several coded streams, which is called descriptions, and each description is transmitted to the decoder through different channel. Between descriptions, structured correlations are introduced at the encoder, and the decoder exploits this correlation to reconstruct the original signal even if some descriptions are missing. It has been shown that the MDC is more resilient than the singe description coding(SDC) against severe packet loss ratecondition. But the excessive redundancy in MDC, i.e., the correlation between the descriptions, degrades the RD performance under low PLR condition. To overcome this Problem of MDC, we propose a hybrid MDC method that controls the SDC/MDC switching according to channel condition. For example, the SDC is used for coding efficiency at low PLR condition and the MDC is used for the error resilience at high PLR condition. To control the SDC/MDC switching in the optimal way, RD optimization framework are used. Lagrange optimization technique minimizes the RD-based cost function, D+M, where R is the actually coded bit rate and D is the estimated distortion. The recursive optimal pet-pixel estimatetechnique is adopted to estimate accurate the decoder distortion. Experimental results show that the proposed optimal split of DCT coefficients and SD/MD switching algorithm is more effective than the conventional MU algorithms in low PLR conditions as well as In high PLR condition.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.41 no.7
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• pp.823-832
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• 2016

This paper presents a generation method of test streams for verifying conformance of an UHD broadcasting receiver including decoders for video and audio as well as parsers for PSIP and closed caption data. The proposed test streams for video/audio signals can evaluate conformance of HEVC, AC-3 and DTS-HD standards. Especially, test streams for HEVC video compression standard can be used for testing syntax compliance and error resilience for a HEVC decoder. Moreover, the proposed test streams for system/program and closed caption can be applied for verifying parsers for PSIP and CEA-708 standards.

• Journal of the Institute of Electronics Engineers of Korea SP
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• v.41 no.1
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• pp.57-68
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• 2004

Although variable-length codes (VLCs) increase coding efficiency using the statistical characteristics of the source data, they have catastrophic effects from bit errors in noisy transmission environments. In order to overcome this problem with VLCs, reversible variable-length codes (RVLCS) have recently been proposed owing to their data recovering capability. RVLCS can be divided into two categories: symmetrical and asymmetrical RVLCs. Although the symmetrical RVLC has generally more overheads than the asymmetrical RVLC, it has some advantages of simpler design and more efficient memory usage. However, existing symmetrical RVLCs still have high complexity in their code design and some room for improvement in coding efficiency. In this paper, we propose a new algorithm for constructing a symmetrical RVLC from the optimal Huffman code table. The proposed algorithm has a simpler design process and also demonstrates improved performance in terms of the average codeword length relative to the existing symmetrical RVLC algorithms.

• Journal of Broadcast Engineering
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• v.13 no.6
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• pp.951-961
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• 2008

Cooperative diversity is a cooperative technique which exploits user diversity by decoding the combined signal of the relayed signal and the direct signal in wireless multi-hop networks. Using the cooperation, the performance of the network system can be improved because cooperative diversity which is very strong against the fading channels can be achieved. In this paper, we propose the technique that provides the enhanced visual quality of the reconstructed video using the cooperative diversity with the FMO which is the error resilience tool of H.264/AVC standardization over wireless networks. The eye-tracker can detect the gaze point of user and transmit the gaze information to the nodes. After receiving the gaze information of user, each node performs ROI encoding according to the received gaze information. After encoding, video sources are divided into ROI and Non-ROI. Through the simulation results, the better visual quality of the reconstructed video is achieved when ROI and Non-ROI are transmitted through different channels.

• Journal of Environmental Impact Assessment
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• v.22 no.6
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• pp.677-693
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• 2013

IPCC showed that calculation of climate vulnerability index requires standardization process of various proxy variables for the estimation of climate exposure, sensitivity, and adaptive capacity. In this study, four different methodologies of standardization methods: Z-score, Rescaling, Ranking, and Distance to the reference country, are employed to evaluate climate vulnerability-VRI (Vulnerability-Resilience Indicator) over Korean peninsula, and the error ranges of VRI, arising from employing the different standardization are estimated. All of proxy variables are provided by CCGIS (Climate Change adaptation toolkit based on GIS) which hosts information on both past and current socio-economic data and climate and environmental IPCC SRES (A2, B1, A1B, A1T, A1FI, and A1 scenarios) climate data for the decades of 2000s, 2020s, 2050s, and 2100s. The results showed that Z-score and Rescaling methods showed statistically undistinguishable results with minor differences of spatial distribution, while Ranking and Distance to the reference country methods showed some possibility to lead the different ranking of VRI among South Korean provinces, depending on the local characteristics and reference province. The resultant VRIs calculated from different standardization methods showed Cronbach's alpha of more than 0.84, indicating that all of different methodologies were overall consistent. Similar horizontal distributions were shown with the same trends: VRI increases as province is close to the coastal region and/or it close toward lower latitude, and decreases as it is close to urbanization area. Other characteristics of the four different standardization are discussed in this study.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.33 no.12C
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• pp.1055-1061
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• 2008

H.264 is the prominent video coding standard in various applications such as real-time streaming and digital multimedia broadcasting, since it provides enhanced compression performance, error resilience tools, and network adaptation. Compression efficiency of H.264 has been improved, however, it requires more computing and memory access than traditional methods. In this paper we proposed adaptive intra fast algorithm for real-time video surveillance system reducing the encoding complexity of H264/A VC. For this aim, temporal interrelationship between macroblock in the previous and the current frame is used to decide the encoding mode of macroblock fast. As a result, though video quality was deteriorated a little, less than 0.04dB, and bit rate was somewhat increased in suggested method, however, proposed method improved encoding time significantly and, in particular, encoding time of an image with little changes of neighboring background such as surveillance video was more shortened than traditional methods.

• Proceedings of the Korea Water Resources Association Conference
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• 2020.06a
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• pp.43-43
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• 2020

보령댐은 충남 서부지역 8개 시·군에 생활용수와 공업용수를 공급하고 있는 중요한 수원으로 최근 우리나라에서 발생한 연속적인 가뭄으로 2015년에는 저수율이 7.5 %까지 감소하여 제한급수가 시행되었다. 본 연구에서는 가뭄으로 인한 물 공급 부족에 취약함을 보인 보령댐 유역(297.4 ㎢)을 대상으로 SWAT(Soil and Water Assessment Tool) 모델과 RCP(Representative Concentration Pathways) 시나리오를 활용하여 극한 기후변화 사상이 반영된 보령댐의 내한능력을 평가하였다. SWAT 모형을 활용하여 보령댐의 물수지를 모의하기 위하여 보령댐의 실측 유출량, 저수량, 방류량으로 보령댐 유입량과 저수량을 보정(2002~2004) 및 검정(2005~2007)하였으며, 실측 저수량을 기반으로 미래 댐 운영을 모의하였다. 검·보정 결과, 댐 유입량과 저수량의 PBIAS(%)는 -0.04, -0.09, NSE(Nash and Sutcliffe Efficiency)는 0.52, 0.96, RMSE(Root Mean Square Error)는 1.80 mm/day, 0.67 × 10⁶㎥로 분석되어 신뢰성 있는 모의 결과를 보였다. 보정된 SWAT 모형으로 가뭄 사상이 반영된 기후변화를 모의하기 위하여 APCC의 26개 CMIP5 GCM 시나리오를 SPI (Standardized Precipitation Index)와 연속 이론(Runs theory)으로 분석하여 6개의 극한 가뭄 시나리오 (RCP 4.5, 8.5 CMCC-CM, INM-CM4, IPSL-CM5A-MR)를 선정하였으며, 선정된 시나리오를 모형에 적용하여 가뭄 사상을 반영한 보령댐의 미래 내한능력을 평가하였다. 내한능력평가 및 분석 기간은 Historical(1980~1999; 1990s), Present(2000~2019; 2010s), 그리고 미래 기간 (2020~2039; 2030s, 2040~2059; 2050s, 2060~2079; 2070s, 2080~2099; 2090s)으로 나누었으며, 취약성(Reliability), 회복성(Resilience), 위험성(Vulnerability), 세 가지 지표로 내한능력 평가를 수행하였다. 평가 결과, 미래 취약성은 2050s IPSL-CM5A-MR 시나리오에서 0.803까지 감소하였으며, 회복성과 위험성은 2070s IPSL-CM5A-MR 시나리오에서 0.003, 3,567.6 × 10⁶㎥까지 감소하였다.