• 제목/요약/키워드: exchange property

검색결과 274건 처리시간 0.024초

Maximum Likelihood Estimation of Continuous-time Diffusion Models for Exchange Rates

  • Choi, Seungmoon;Lee, Jaebum
    • East Asian Economic Review
    • /
    • 제24권1호
    • /
    • pp.61-87
    • /
    • 2020
  • Five diffusion models are estimated using three different foreign exchange rates to find an appropriate model for each. Daily spot exchange rates expressed as the prices of 1 euro, 1 British pound and 100 Japanese yen in US dollars, respectively denoted by USD/EUR, USD/GBP, and USD/100JPY, are used. The maximum likelihood estimation method is implemented after deriving an approximate log-transition density function (log-TDF) of the diffusion processes because the true log-TDF is unknown. Of the five models, the most general model is the best fit for the USD/GBP, and USD/100JPY exchange rates, but it is not the case for the case of USD/EUR. Although we could not find any evidence of the mean-reverting property for the USD/EUR exchange rate, the USD/GBP, and USD/100JPY exchange rates show the mean-reversion behavior. Interestingly, the volatility function of the USD/EUR exchange rate is increasing in the exchange rate while the volatility functions of the USD/GBP and USD/100Yen exchange rates have a U-shape. Our results reveal that more care has to be taken when determining a diffusion model for the exchange rate. The results also imply that we may have to use a more general diffusion model than those proposed in the literature when developing economic theories for the behavior of the exchange rate and pricing foreign currency options or derivatives.

천연 제올라이트와 제올라이트 담체를 이용한 NH4+-N 이온교환 특성 평가 (Evaluation of NH4+-N Ion Exchange Property using Natural Zeolite and Zeolite Carrier)

  • 이광현;박민석;주현종
    • 한국물환경학회지
    • /
    • 제25권5호
    • /
    • pp.750-757
    • /
    • 2009
  • The ammonium ion exchange characteristics of natural zeolite were investigated to remove ${NH_4}^+-N$. The effect of water temperature, particle size and competitive cation on the exchange capacity was examined. Ammonium ion exchange capacity tended to decrease when the temperature increased from $25^{\circ}C$ to $40^{\circ}C$. Exchange capacity was increased according to the particle size of natural zeolite comes to be small. Batch isotherm experiments were conducted for measuring ammonium ion exchange capacity. The ion exchange capacity was well described either by the Langmuir isotherm model or by the Freundlich isotherm model. The ammonium ion exchange capacity ($q_m$) of zeolite carrier can be calculated $11.744mg-{NH_4}^+/g$-carrier. The ion exchange capacity of manufactured zeolite carrier was showed a similar tendency as ion exchange capacity of powder-sized natural zeolite. Therefore, zeolite carrier can be used for increasing of nitrogen removal efficiency in the wastewater treatment plants.

ID-Based Optimistic Fair Exchange Scheme Based on RSA

  • Youn, Taek-Young;Chang, Ku-Young
    • ETRI Journal
    • /
    • 제36권4호
    • /
    • pp.673-681
    • /
    • 2014
  • Fairness of exchange is a significant property for secure online transactions, and a fair exchange scheme is a useful tool for ensuring the fairness of exchanges conducted over networks. In this paper, we propose an ID-based optimistic fair exchange scheme based on the RSA function, one which is designed by combining a well-known RSA-based signature scheme and the (naive) RSA function. Note that the main contribution of this paper is to give the first provably secure ID-based fair exchange scheme based on the RSA function, whose security can be proved under fully formalized security models. Our scheme has the following additional strongpoints. The scheme is setup-free; hence, there is no registration step between a user and an arbitrator. Moreover, the proposed scheme is designed in an ID-based setting; thus, it is possible to eliminate the need for certificates and avoid some related problems.

사물인터넷의 에너지 효율을 위한 클러스터 속성 기반 데이터 교환 (Cluster Property based Data Transfer for Efficient Energy Consumption in IoT)

  • 이충산;전수빈;정인범
    • 정보과학회 논문지
    • /
    • 제44권9호
    • /
    • pp.966-975
    • /
    • 2017
  • 사물인터넷 환경에서는 센서 노드가 사물로 의미가 확장되고 각 사물들은 자신만의 의사결정을 통해 사물간 정보 수집 및 공유가 가능하다. 따라서 노드의 데이터를 싱크노드 또는 중앙 서버로 전송하는 것을 목적으로 하는 WSN 정보 수집 방법을 사물인터넷 환경에 그대로 적용하는 것은 비효율적이다. 또한 기존 WSN 방법은 주변 사물들의 정보를 수집하는 과정에서 모든 사물이 정보 수집에 참여하는 방식으로 구성되어 있기 때문에 전송횟수 증가 등의 다양한 문제가 발생한다. 본 논문에서는 각 사물들 간의 에너지 효율적인 정보 공유를 위한 클러스터링 및 속성 기반 데이터 교환 방법을 제안한다. 제안하는 방법은 우선 각 사물이 생산할 수 있는 데이터의 속성을 부여하여 클러스터를 구성한다. 데이터 교환시에는 부여된 속성을 이용해 데이터를 생산할 수 있는 사물들과 통신하여 에너지 효율성을 향상시킨다. 성능평가를 위해 TOSSIM을 이용하여 네트워크 수명, 평균 에너지 소비량 등을 측정하였다.

바나듐 레독스-흐름 전지용 격막에 관한 연구 (Study on a Separator for the All-vanadium Redox Flow Battery)

  • 이상호;김정근;최상일;황갑진;진창수
    • 멤브레인
    • /
    • 제19권2호
    • /
    • pp.129-135
    • /
    • 2009
  • 바나듐 레독스-흐름 전지용 격막으로 사용하기 위해 폴리설폰(Psf)에 폴리페닐렌설파이드설폰(PPSS)을 블록 공중합 시킨 폴리머를 사용하여 양이온교환막을 제작하여, 막 특성을 평가하였다. 제작한 양이온교환막은 Nafion117보다 열적 안정성이 뛰어나다는 것을 TG분석을 통해 알 수 있었고, 1몰 황산용액에서의 막 저항은 3 cc의 CSA를 도입하였을 때 $0.96{\Omeg}{\cdot}cm^2$로 제일 작은 저항 값을 나타냈다. 제작한 양이온교환막의 바나듐 레독스-흐름 전지에서의 전기화학적 특성에 대해 평가하였다. 제작한 양이온교환막을 사용한 바나듐 레독스-흐름 전지의 100% 충전상태에서의 기전력은 바나듐 레독스-흐름 전지의 기전력 값인 1.4V를 나타냈으며, 각 충전상태에서의 충 방전 셀 저항은 Nafion117을 사용한 전지의 값보다 작은 값을 나타냈다.

Improvement of Mechanical Property by Single Ion Exchange Process in Substrate Glass

  • Lee, Hoi-Kwan;Kang, Won-Ho;Green, David J.
    • Journal of Information Display
    • /
    • 제4권3호
    • /
    • pp.12-16
    • /
    • 2003
  • In connection with the ion exchange strengthening on soda-lime-silicate, substrate glass for display use was investigated. In the processing, the temperature was varied during the ion exchange in order to make stress profile and to determine optimum condition. In the present work, we found that the maximum value of strength was 617.8 MPa after an ion exchange process at 470 $^{\circ}C$ for 1h, and then, at 450 $^{\circ}C$ for 24h. Also, the effect of residual stress placed on the near surface was measured by analyzing the number of crack branches and brittleness. This approach allowed us the residual stress profile to be engineered to improve mechanical reliability.

Credit Impact on Firm Profitability in Iraqi, Jordanian, and Kuwaiti Stock Markets

  • MAHDI, Dalal Salih;AL-NAIMI, Adnan Tayeh
    • The Journal of Asian Finance, Economics and Business
    • /
    • 제8권3호
    • /
    • pp.469-477
    • /
    • 2021
  • In this paper, the relationship between the profitability level of an enterprise and the credit policy adopted by an enterprise was measured. A sample of industrial firms listed on the stock exchanges of Iraq, Jordan, and Kuwait was analyzed. Five industrial firms were randomly selected from each exchange with a condition of having at least 5 year-activity. The total sample size was 15 industrial firms. The study financial data was imported from the sample firms' websites. The financial data was for the financial year 2017. The Regression Analysis was adopted to measure the impact of trade credit on the profitability of an enterprise using the SPSS software. It was found that the receivable accounts have a proportional relationship with the turnover property rights rate. Similarly, the statistical results showed that the turnover property rights rate increased with an increase in the turnover receivable accounts rate and the percentage of investment in receivable accounts. The influence of trade credit on the enterprise profitability percentage in the Iraq stock exchange, Amman stock exchange, and Boursa Kuwait were 0.938, 0.200, and 0.089, respectively. The results showed that the three secondary assumptions were incorrect, while the zeroth assumption, i.e., trade credit has no influence on profitability, was correct.

인터넷 지식거래소의 지식정보유통 실태분석 (An Analysis on the Distribution Structure of Internet Knowledge Exchange Markets)

  • 노영희
    • 한국도서관정보학회지
    • /
    • 제38권1호
    • /
    • pp.135-156
    • /
    • 2007
  • 본 연구에서는 상업적인 지식정보유통업체(지식거래소)들의 지식정보유통구조를 분석하고자 하였으며, 다음과 같이 크게 네 가지로 나누어 지식거래소의 지식정보유통현황을 분석하고자 하였다. 첫째, 지식거래소에서 거래되는 지식정보의 유형, 지식정보량, 그리고 사이트 이용자의 규모 등을 분석하였다. 둘째, 지식거래소들의 지식정보유통구조를 분석하였다. 넷째, 저작권 침해가 발생할 수 있는 소지를 구체적으로 발견해 내고 설문조사를 통해 저작권 해결 현황을 파악하고자 하였다. 넷째, DRM의 적용 여부는 물론 DRM 적용시 부여되는 사용권한 제어방법에 대해서도 알아보고자 하였다.

  • PDF

Research on Preparation of Sheath-Core Bicomponent Composite Ion Exchange Fibers and Absorption Properties to Metal Ion

  • Ding, Zhi-Jia;Qi, Lu;Ye, Jian-Zhong
    • Macromolecular Research
    • /
    • 제16권1호
    • /
    • pp.21-30
    • /
    • 2008
  • Based on the sheath-core bicomponent composite fibers with modified polystyrene (PS) and the modified polypropylene (PP), composite fibers obtained were further cross-linked and sulphonated with chlorosulphonic acid to produce strong acidic cation ion exchange fibers. The structures of the fibers obtained were characterized using Fourier transform infrared (FT-IR) spectroscopy, differential scanning calorimetry (DSC) etc. The optimal technology of the fibers obtained is discussed. The static absorption capacity of the sheath-core bicomponent composite cation exchange fibers for $Zn^{2+}$, $Cu^{2+}$ was determined. The absorption kinetics and major factors affecting the absorption capacities of $Zn^{2+}$, $Cu^{2+}$ were studied, and its chemical stability and regenerating properties were probed. The results suggest that cation exchange fibers with better mechanical properties and higher exchange capability were obtained. Moreover, this type of ion exchange fiber has good absorption properties and working stability to various metal ions. Hence, they have higher practicability.

X-LIFTING MODULES OVER RIGHT PERFECT RINGS

  • Chang, Chae-Hoon
    • 대한수학회보
    • /
    • 제45권1호
    • /
    • pp.59-66
    • /
    • 2008
  • Keskin and Harmanci defined the family B(M,X) = ${A{\leq}M|{\exists}Y{\leq}X,{\exists}f{\in}Hom_R(M,X/Y),\;Ker\;f/A{\ll}M/A}$. And Orhan and Keskin generalized projective modules via the class B(M, X). In this note we introduce X-local summands and X-hollow modules via the class B(M, X). Let R be a right perfect ring and let M be an X-lifting module. We prove that if every co-closed submodule of any projective module P contains Rad(P), then M has an indecomposable decomposition. This result is a generalization of Kuratomi and Chang's result [9, Theorem 3.4]. Let X be an R-module. We also prove that for an X-hollow module H such that every non-zero direct summand K of H with $K{\in}B$(H, X), if $H{\oplus}H$ has the internal exchange property, then H has a local endomorphism ring.