• Title/Summary/Keyword: expected return

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Optimization of Swine Breeding Programs Using Genomic Selection with ZPLAN+

  • Lopez, B.M.;Kang, H.S.;Kim, T.H.;Viterbo, V.S.;Kim, H.S.;Na, C.S.;Seo, K.S.
    • Asian-Australasian Journal of Animal Sciences
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    • v.29 no.5
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    • pp.640-645
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    • 2016
  • The objective of this study was to evaluate the present conventional selection program of a swine nucleus farm and compare it with a new selection strategy employing genomic enhanced breeding value (GEBV) as the selection criteria. The ZPLAN+ software was employed to calculate and compare the genetic gain, total cost, return and profit of each selection strategy. The first strategy reflected the current conventional breeding program, which was a progeny test system (CS). The second strategy was a selection scheme based strictly on genomic information (GS1). The third scenario was the same as GS1, but the selection by GEBV was further supplemented by the performance test (GS2). The last scenario was a mixture of genomic information and progeny tests (GS3). The results showed that the accuracy of the selection index of young boars of GS1 was 26% higher than that of CS. On the other hand, both GS2 and GS3 gave 31% higher accuracy than CS for young boars. The annual monetary genetic gain of GS1, GS2 and GS3 was 10%, 12%, and 11% higher, respectively, than that of CS. As expected, the discounted costs of genomic selection strategies were higher than those of CS. The costs of GS1, GS2 and GS3 were 35%, 73%, and 89% higher than those of CS, respectively, assuming a genotyping cost of $120. As a result, the discounted profit per animal of GS1 and GS2 was 8% and 2% higher, respectively, than that of CS while GS3 was 6% lower. Comparison among genomic breeding scenarios revealed that GS1 was more profitable than GS2 and GS3. The genomic selection schemes, especially GS1 and GS2, were clearly superior to the conventional scheme in terms of monetary genetic gain and profit.

Predicting Project Performance by Analyzing Key Success Factors on Project Fiancing(PF) Development (건설 프로젝트 파이낸스(PF) 사업의 성공영향요인(KSF) 분석을 통한 사업성과 예측 모델)

  • Lee, Dong-Gun;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.5
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    • pp.127-137
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    • 2014
  • Project Financing (PF) development project is the type which influences national economy and building industry largely because it is exerted by using borrowed money from many kinds of investors and huge amount of financial raising. Many domestic PF projects are focused mainly on the profit maximization lacking in a sufficient feasibility study. Nowadays many projects are suspending due to the global finance debacle and stagnation of real estate industry. Therefore, in this paper, risk factors of PF project are deducted and Key Success Factors (KSFs) are derived through Factor-Analysis and qualified using Fuzzy-AHP method. And through the evaluation of the derived success factors in real projects, a strong correlationship has been identified between the score of each PF success factor and the level of success and/or expected rate of return (ROR). So, the result of this paper can help decision makers of the PF projects make a better decision and give a meaningful guidance in achieving successful PF projects.

Information Spillover Effects from Macroeconomic Variables to Hotel·Leisure Stock Index (거시경제변수의 호텔·레저 주가지수에 대한 정보이전효과에 관한 연구)

  • Kim, Soo-Kyung;Yu, Seo-Young;Byun, Youngtae
    • Culinary science and hospitality research
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    • v.22 no.3
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    • pp.212-223
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    • 2016
  • The purpose of this study is to verify information spillover effects using returns of macroeconomic variables and hotel leisure stock index daily data from January 4, 2000 to December 30, 2015. The findings and implications of the research can be summarized as follows. First, based on time-varying AR(1)-GARCH(1,1) models no evidence of statistically significant conditional mean and volatility spillover effects from returns of macroeconomic variables on the hotel leisure stock index was observed. In addition, no evidence of price volatility spillover from macroeconomic variables on the hotel leisure market was observed. Second, it was discovered that there exists a significantly negative relationship between the return of ER and hotel leisure stock prices, but a positive relationship between the KOSPI and hotel leisure stock prices. Finally, the study also found that was a significantly positive relationship between the volatility of DUB and hotel leisure market, and an adversely negative relationship between the volatility of ER and hotel leisure market. The results of this study are expected to contribute by providing useful information for investment strategies, as well as for risk management for investors and managers.

A Study on Construction Techniques of River Topography for Flood Inundation Analysis (홍수범람해석을 위한 하천지형 구축기법에 관한 연구)

  • Lee, Jungsik;Moon, Changgeon;Kim, Seokdong;Cho, Sunggeun;Shin, Shachul
    • Journal of the Korean GEO-environmental Society
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    • v.13 no.5
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    • pp.59-68
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    • 2012
  • The objective of this study is a comparison with simulation results of flood inundation by the construction techniques of river topography. For construction of river topography, the data used in this study are 1:5,000 topographic DEM, ASTER DEM and SRTM DEM provided by WMS. Also HEC-RAS and HEC-GeoRAS are applied to analyze of inundation depth and area. Flood inundations are simulated by 3 techniques in return periods and compared with the results. The results of this study are as follows; (1) Comparative analysis of the results shows that they have only a little difference in construction techniques of river topography at midsized catchment. (2) Flood inundations by ASTER DEM is to estimate larger than the other techniques in flood area (3) In case of SRTM DEM, the application can be expected to make use in the fields because of proper results in flood inundation analysis.

Effects of Sludge SVI and Chemical Conditioning on Activated Sludge Flotation Thickening (슬러지 SVI와 화학적 개량이 슬러지부상농축에 미치는 영향)

  • Lee, Ki Yong;Kim, Shin Jo;Kwon, Oh Sang;Yeom, Ick Tae
    • Journal of Korean Society on Water Environment
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    • v.26 no.2
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    • pp.349-355
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    • 2010
  • Electroflotation (EF) was conducted for activated sludge thickening to investigate the effects of sludge SVI (sludge volume index) and chemical conditioning. Return sludge samples were used for the experiment, which were collected from municipal wastewater treatment plants. The performance of sludge thickening was significantly dependent on sludge SVI. For the sludges with SVI values in a range from 50 to about 150 mL/g, the maximum float content decreased rapidly from 8.4 to 3.5% and flotation compressibility followed the same pattern. In cases of sludges with SVI higher than 150 mL/g, those results showed low content levels without large changes. Gas/solids ratio tended to increase with an increase in SVI. When polyelectrolyte was added into sludges for the conditioning, compressibility increased up to 75% and gas/solids ratio was reduced up to about 35% under the condition of microbubble production rate of 530 mL/h, however, there was no consistent effect of chemical conditioning on the maximum float solids content; some cases were positive but the others negative. It was expected that the optimum dose of electrolyte depends on sludge SVI and an excessive chemical dose causes a performance deterioration of flotation thickening.

Information Security Investment Model and Level in Incomplete Information (불완전 정보 하의 정보보호 투자 모델 및 투자 수준)

  • Lee, Yong-pil
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.27 no.4
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    • pp.855-861
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    • 2017
  • Gordon & Loeb[1] suggested that the optimal level of investment decision of an enterprise is the point that the marginal benefit(MB) of information security investment is equal to the marginal cost(MC). However, many companies suffering from information security incidents are not aware of the fact that they are experiencing information security accidents and can not measure how much they are affected. In this paper, I propose a model of information security investment decision making under the incomplete information situation by modifying the Gordon & Loeb[1] model and compare the differences in investment level. Under the incomplete information situation the expected return from the information security investment tends to be lower than that of actual information security investment, and the level of investment is also less. This shows that if a third party such as the government gives accurate information such as the rate of incidents of information security accidents and the amount of damages, companies can expand their investment in information security.

A Review on the Costume Changes According to Ideological Transition through the Portraitures of Napoleon (나폴레옹의 초상화를 통한 사상적 조류 변화에 따른 복식 변화 고찰)

  • Bae, Soojeong
    • Journal of the Korean Society of Costume
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    • v.66 no.6
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    • pp.46-66
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    • 2016
  • This thesis aims to analyze the costume changes according to the ideological transition through the portraits of Napoleon Bonaparte. This study selected 32 color pictures of Napoleon, which was taken during his time as a general to his ascension as Emperor (1785-1815). The study qualitatively analyzed the traits and costume elements in view of the items, color and ornaments of the costume, while studying the effects of the ideological transition. The costumes of Napoleon were categorized into three parts: general, governor and Emperor. Firstly, Napoleon most frequently wore the navy uniforms when taking the portraits as a general. The uniform gave Napoleon the image of strength, youth and intelligence, which reflected the ideology of enlightenment. Secondly, the red-colored administrator uniform, combined with a military coat with culotte, was worn to make the governor look intelligent, which would ascribe to the ideological demand of the enlightenment. Lastly, his portraits as emperor showed him in long white tunica, combined with red-colored coronation cape ornamented with embroidery, ermine fur, and the crown of laurel. This costume denoted both the enlightenment and also the neoclassical trend aspiring for the return to the Greek and Roman era. In this way, the portrait of Napoleon might be expected to reflect the periodical change of the ideology through describing the transition of the costumes. It might be evident that his image of the strong general changed to that of an intelligent governor, which was in demand when the enlightenment idea became popular. When Napoleon became the emperor, his image changed into that of a Roman emperor, which implies that neoclassical ideas were used as source of influence.

Projection of Future Drought of Korea Based on Probabilistic Approach Using Multi-model and Multi Climate Change Scenarios (다양한 기후변화 시나리오와 기후모델에 의한 남한지역 미래가뭄의 확률론적 전망)

  • Park, Beom-Seop;Lee, Joo-Heon;Kim, Chang-Joo;Jang, Ho-Won
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.5
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    • pp.1871-1885
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    • 2013
  • In this study, spatio-temporal distribution of future drought in South Korea was predicted by using the meteorological data generated from GCMs on which a variety of climate changing scenarios are applied. Drought phenomena was quantitatively analyzed using SPI(Standardized Precipitation Index). In addition, potential drought hazard maps for different drought duration and return period were made for the South Koreaby drought frequency analysis after deriving SDF(Severity-Duration-Frequency) curves using the 54 weather stations throughout the country. From the potential drought hazard maps, drought is expected to be severer in Nakdong River basin and Seomjin River basin under A2 scenario. It was also predicted that drought would be severe in the Han River basin by RCP8.5 scenario. In the future, potential drought hazard area would be expanded until the Eastern part of Nakdong River basin as compared with that of past under A2 scenario condition. Research results indicated that future drought would be extensively occurred all areas of South Korea not limiting in the southern part of country.

A Dynamic Internet Address Model for Providing Customized Information (사용자 맞춤형 정보 제공을 위한 동적 인터넷 주소 모델)

  • Lee, Young Ho;Koo, Yong Wan
    • Journal of Internet Computing and Services
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    • v.17 no.4
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    • pp.27-34
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    • 2016
  • The referents of internet addresses are no longer limited to web sites. A new address service by the international organization for the internet address (ICANN) introduces an open space for the TLD (Top Level Domain) strings so that each service, content, product, and other linguistic expressions may be allowed. The open TLD addresses are more suitable for representing the address of service units, contents, or products. In this paper, as an alternative to static Internet address service to return a consistent mapping result regardless of a user-specific different requirements, we design a dynamic internet address mapping model that returns mapping result to suit user particular requirements. In addition, we propose a method for implementing a internet address service without any changes in the existing domain protocols. It may implement a dynamic internet address by attaching to a encoded user's metadata and environment data within a internet address representation, and adding the module for dynamic mapping to the name servers. Through this proposal, trying to expand the functions of internet address, it is expected to be able to provide customized informaiton retrieval services for each user by using just internet address.

A Study on the Development of GIS-based Complex Simulation Prototype for Reducing the Damage of Chemical Accidents (화학사고 피해저감을 위한 GIS 연계 복합시뮬레이션 프로토타입 개발에 관한 연구)

  • Kim, Eun-Byul;Oh, Joo-Yeon;Lee, Tae Wook;Oh, Won Kyu;Kim, Hyun-Joo;Lim, Dong-yun
    • Korean Journal of Remote Sensing
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    • v.36 no.5_4
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    • pp.1255-1266
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    • 2020
  • In this study, a complex simulation prototype was developed for rapid and accurate prediction of chemical dispersion range in order to reduce human casualties caused by chemical accidents. Complex simulation considered the leakage momentum during the near-field dispersion to take into account the leakage characteristics of the chemical. In the far-distance dispersion process, the wind distribution of the existing model, which was presented uniformly, was improved using weather and topographical information around the accident site, to realize a wind field similar to the actual one. Finally, the damage range was more precise than the existing model in line with the improved near- and far-distance dispersion process. Based on the results of damage range prediction of the complex simulation, it is expected that it will be highly utilized as a system to support policy decision-making such as evacuation and return of residents after a chemical accident.