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Can Idiosyncratic Volatility Factor be a Risk Factor? (고유변동성 요인에 대한 위험평가)

  • Kim, Sookyung;Byun, Youngtae;Kim, Woohyun
    • The Journal of the Korea Contents Association
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    • v.18 no.10
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    • pp.490-497
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    • 2018
  • In this study, we examined whether common idiosyncratic volatility(CIV), a risk factor for idiosyncratic volatility, can be evaluated as a pricing factor. The sample is listed on the Korea Exchange. The analysis period is 288 months from July 1992 to June 2016. The main results of this study are as follows. First, in the empirical verification of the market excess returns of the testing portfolios, the difference in the return on the CIV factor sensitivity difference was statistically significant. In other words, we confirmed that there is a risk premium for CIV factors. Second, CAPM, FF3 factor model, and FF5 factor model do not explain the risk premium for CIV factors, whereas factor models that add CIV factors explain the risk premium for CIV factors. In other words, the CIV factor can be evaluated in terms of pricing factors.

Identifying Variables that Affect Learners' Preference Toward E-Learning Program (e-러닝 프로그램 선호 영향변인에 관한 탐색적 요인분석)

  • Lee, Youngmin
    • The Journal of Korean Association of Computer Education
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    • v.9 no.3
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    • pp.67-74
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    • 2006
  • The purpose of this study is identifying variables that affect to learners' preference toward specific e-learning programs, using an exploratory factor analysis(EFA) method. We extract common factors that explain the correlations among variables. In the result, 8 factors were identified as main influential factors: e-learning program design(1st factor), the purpose of e-learning use(2nd factor), social and cultural issues(3rd factor), demographics(4th factor), organizational needs(5th factor), impacts of e-learning(6th factor), e-learning management(7th factor), and technical issue(8th factor).

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A Study on the Measurement of Korean Women′s Head for Headgear Pattern Making (모자제작을 위한 여자 머리 계측에 관한 연구)

  • 안영실;서미아
    • The Research Journal of the Costume Culture
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    • v.12 no.5
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    • pp.743-756
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    • 2004
  • The purpose of this study is to set measurement parts which are important to identify the size and shape of the head in order to produce tightly fitted hats, and to identify detailed sizes and the major factors of head shape classifications of Korean women. A total of 285 Korean women's in the age group of 18 to 35 years old. It were measured through the direct measurement method by selecting 67 measurement items. Materials were analyzed by SPSS Ver.10 and technology statistics and factor analysis were performed according to the agenda. An attempt was made to conduct factor analysis of the measured region of the head in women's. Here, this study drew the head and the facial parts horizontal size as Factor 1, the head and facial parts vertical size as Factor 2, the circumference and width item as Factor 3, the factor representing the form of head height as Factor 4, the factor expressing the proportion of the facial form as Factor 5 and the factor about the frontal and back head form on the plan of the middle as Factor 6. Through this study, we will be able to systemize head measurement materials that can differentiate Korean's head from other peoples' and can use the results in developing head shape models according to Korean's head shape by selecting major head parts needed to identify the sizes and shapes.

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Factor of safety in limit analysis of slopes

  • Florkiewicz, Antoni;Kubzdela, Albert
    • Geomechanics and Engineering
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    • v.5 no.5
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    • pp.485-497
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    • 2013
  • The factor of safety is the most common measure of the safety margin for slopes. When the traditionally defined factor is used in kinematic approach of limit analysis, calculations can become elaborate, and iterative methods have to be used. To avoid this inconvenience, the safety factor was defined in terms of the work rates that are part of the work balance equation used in limit analysis. It was demonstrated for two simple slopes that the safety factors calculated according to the new definition fall close to those calculated using the traditional definition. Statistical analysis was carried out to find out whether, given normal distribution of the strength parameters, the distribution of the safety factor can be approximated with a well-defined probability density function. Knowing this function would make it convenient to calculate the probability of failure. The results indicated that the normal distribution could be used for low internal friction angle (up to about $16^{\circ}$) and the Johnson distribution could be used for larger angles ${\phi}$. The data limited to two simple slopes, however, does not allow assuming these distributions a priori for other slopes.

Factors Influencing Salaried Employees' Choice of a Restaurant in JinJu (진주시 직장인의 외식 선택 요인)

  • Kim, Seok-Young
    • Journal of the Korean Society of Food Culture
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    • v.19 no.1
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    • pp.83-93
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    • 2004
  • A total of 321 salaried employees were surveyed by a questionnaire to assess consumers perceptions on factors influencing their food choices when they go to a restaurant. The questionnaire consisted of 5 pages and each page contained a same 26 popular food list from various restaurants in JinJu in a column and 5 attributes (e.g. taste, price, fullness, healthiness) in a row. So the respondents were asked to rate a total 25 attributes on the points which the columns and the rows met, using a 5-point scale. The data were analyzed using the SAS program for factor analysis. Five factors which influence consumer's restaurant choice were emerged. They were named as follow: Factor 1:preference and purpose, Factor 2:taste, Factor 3:snack, Factor 4:convenience, Factor 5:concern about obesity. Most of respondents were satisfied with the taste and the healthiness of foods of restaurants in Jin-Ju. The younger and the female groups had more positive attitudes on eating out andi willing to use it frequently. Fullnes, healthiness, and price were important criteria in choice and preference of a restaurant. However, they didn't much consider the food safety. Taking account of the character of Korean food about fullness, healthiness, and resonable price, consumers might prefer Korean food to fast food or foreign food.

A Study on the Relationship between Influential Range and Cognition Factor of Landmark (랜드마크의 영향력 범위와 인지요인과의 관계)

  • 김종호;변재상;임승빈
    • Journal of the Korean Institute of Landscape Architecture
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    • v.30 no.4
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    • pp.9-18
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    • 2002
  • This study investigated the influential range of landmarks and the relationship between landmarks and cognition factor so as to offer basic data to be used for the effective use and the management of landmarks. In this study, eighteen famous landmark in Seoul were selected and analyzed. The result of this study can be summarized as follows : 1) First, eighteen determining elements of cognition factors were selected via documents survey. Second, general cognition factors of landmarks were analysed using these elements through questionnaires to specialists. As a result of factor analysis, historic cultural factor, scale factor, visual form factor, locational factor and uniqueness factor were revealed. 2) According to revealed cognition factor, eighteen landmarks are categorized into four types using MDS method via questionnaire to resident in Seoul city. These four types of landmarks are: type I that are recognized by historic cultural factor; type II that are recognized by scale factor; type III that are recognized by uniqueness factor; and type IV that are recognized by visual form factor. 3) As the result of regression, the influential range of landmarks were revealed at about a 10km radius(type I : 12km type II : whole area of Seoul city≒15km, typeIII : 8.7km, typeIV : 8.5km). 4) As a result of analysing the correlation between the influential range and the cognition factor through multiple linear regression analysis, the locational factor is the main factor affecting the influential range of landmarks in every type. The uniqueness factor comes next, which affects influential range partially. 5) Except type 1, as a result of analysing the correlation between influential range and the physical heights of landmarks, a quadratic equation is revealed, showing that the influential range of landmarks over 200 meters in height shows a radical change. Landmarks can be used as reinforcement tools of legibility, effective tools for landscape management and for the improvement of a community's image. This study on the influential range of landmarks and main cognition factor can be utilized as a landmark management plan and in urban planning, such as a new town plan.

1.5-factor Authentication Method using Secure Keypads and Biometric Authentication in the Fintech (핀테크 환경에서 보안 키패드와 생체인증을 이용한 1.5-factor 인증 기법)

  • Mun, Hyung-Jin
    • Journal of Industrial Convergence
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    • v.20 no.11
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    • pp.191-196
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    • 2022
  • In the fintech field, financial transactions with smart phones are actively conducted. User authentication technology is essential for safe financial transactions. PIN authentication through the existing security keypads is convenient to input but has weaknesses in security and others. The biometric authentication technique is secure, but there is a possibility of false positive and false negative authentication. To compensate for this, two-factor authentication is used. In this paper, we propose the 1.5-factor authentication that can increase convenience and security through PIN input with biometric authentication. It provides the stability of fingerprint authentication and convenience of two or three PIN inputs, and this makes safe financial transaction possible. Since biometric authentication is performed at the same time when entering PIN, while security is required by applying fingerprint authentication to the area touched while entering PIN. The User authentication is performed while ensuring convenience to input through additional PIN input in situations where high safety is required, and Safe financial transactions are possible.

Nitrogen Conversion Factors and in vitro Protein Digestibility of some Seaweeds (수종해조의 단백계수와 in vitro Digestibility)

  • Ryu Hong-Soo;SATTERLEE Lowell D.;LEE Kang-Ho
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.15 no.4
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    • pp.263-270
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    • 1982
  • In an attempt to evaluate the nutritional quality of seaweed protein, the effects of heat treatment on the in vitro digestibility and trypsin inhibitor content in seaweed were determined. In this study, the nitrogen-to-protein conversion factors were also calculated on the basis of quantitative amino acid data. The results are as follows : 1. The in vitro protein digestbilty of red seaweeds (P. teoera anc P. suborbiculata) were ranged from 78.5 to 82.2, and green seawerd (E. linza) and brown seaweeds showed value under 80 in vitro digestibility. In general, trypsin inhibitor contents in brown seaweed were higher (0.33-0.54 mg/g) than those of red seaweeds (0.26-0.39 mg/g). And it is noted that the lowest trypsin inhibitor content was shown in green seaweed (E. linza) in spite of lowest in spite digestibility (78.5). 2. The in vitro protein digestibility of sun dried laver (P. tenera) was increased with cooling time (microwave heating), but it was not significant. Hot plate cooking raised the in vitro digestibility from 81. 1 to 84.5. The influence pot cooking time on trypsin inhibitor content was inversely proportional to in vitro digestibility. 3. Computed nitrogen factor, based on amino acid content (Factor method) and Kjeldahl nitrogen content (Kjeldahl mettled), were 5.83 (H. fusiforme)- 6.52 (P. tencra) as Factor method and 5.40 (U. pinnatifida)-6.29 (P. tenera) as Kjeldahl method. Individual value for each nitrogen conversion factor differed by species, especially in brown seaweeds. The best estimate of the protein content of seaweed can be calculated, from multiplying the summed amino acid content by conversion factor (Factor method).

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Dielectric, Piezoelectric Properties and Temperature Stability of Resonant Frequency in PSN-PMN-PZT Ceramics (PSN-PMN-PZT 세라믹스의 유전 및 압전 특성과 공진 주파수의 온도안정성)

  • 윤광희;류주현;민석규;이명수;서성재
    • Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
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    • 2000.07a
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    • pp.391-395
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    • 2000
  • In this study, the temperature coefficient of resonant frequency(TC $F_{r}$), dielectric and piezoelectric properties of Pb[(S $b_{1}$2/N $b_{1}$2/)$_{0.0035}$-(M $n_{1}$3/N $b_{2}$3/)$_{0.0065}$-(Z $r_{x}$ $Ti_{1-x}$ )$_{0.90}$] $O_3$ceramics is investigated with Zr/Ti ratio. The dielectric constant and electromechanical coupling factor( $k_{p}$) showed the highest values of 1257, 0.562 respectively when the Zr/Ti ratio is 49.5/50.5. The mechanical quality factor( $Q_{m}$) is the lowest value of 713 when the Zr/Ti ratio is 49.5/50.5, and increased with the decrease of the Zr/Ti ratio. The temperature coefficient of resonant frequency(TC $F_{r}$) change abruptly at the morphotropic phase boundary(MPB), which is between the rhombohedral phase with highly negative TC $F_{r}$ of -106ppm/$^{\circ}C$ and the tetragonal phase with highly positive TC $F_{r}$ of +64pp $m^{\circ}C$ as Zr/Ti ratio changes from 50/50 to 49.5/50.5.50.5..5.50.5.5.

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Effect of Hydride Reorientation on Delayed Hydride Cracking In Zr-2.5Nb Tubes

  • Yun Yeo Bum;Kim Young Suk;Im Kyung Soo;Cheong Yong Moo;Kim Sung Soo
    • Nuclear Engineering and Technology
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    • v.35 no.6
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    • pp.529-536
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    • 2003
  • The objective of this study is to investigate the reorientation of hydrides with applied stress intensity factor, the peak temperature and the time when to apply the stress intensity factor in a Zr-2.5Nb pressure tube during its thermal cycle treatment. Cantilever beam (CB) specimens with a notch of 0.5 mm in depth made from the Zr-2.5Nb tube were subjected to electrolytic hydrogen charging to contain 60 ppm H and then to a thermal cycle involving heating to the peak temperature of either 310 or $380^{\circ}C$, holding there for 50 h and then cooling to the test temperature of $250^{\circ}C$. The stress intensity factor of either 6.13 or $18.4\;MPa\sqrt{m}$ was applied at the beginning of the thermal cycle, at the end of the hold at the peak temperatures and after cooling to the test temperature, respectively. The reorientation of hydrides in the Zr-2.5Nb tube was enhanced with the increased peak temperature and applied stress intensity factor. Furthermore, when the CB specimens were subjected to $18.4\;MPa\sqrt{m}$ from the beginning of the thermal cycle, the reoriented hydrides occurred almost all over the Zr-2.5Nb tube, surprisingly suppressing the growth of a DHC crack. In contrast, when the CB specimens were subjected to the stress intensity factor at the test temperature, little reorientation of hydrides was observed except the notch region, leading the Zr-2.5Nb to grow a large DHC crack. Based on the correlation between the reorientation of hydrides and the DHC crack growth, a governing factor for DHC is discussed along with the feasibility of the Kim's DHC model.