• The Journal of Asian Finance, Economics and Business
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• v.7 no.1
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• pp.29-36
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• 2020

Stock price multiple is one of the most well-known equity valuation technique used to forecast equity price. It measures by multiplying "the ratio of stock price to a value driver" by a value driver. The value driver can be earning per share (EPS), sales or other financial measurements. The objective of price multiple technique is to evaluate the value of assets and compare how similar assets are priced in the market. Although stock price multiple technique is common in financial filed, studies on the application of the technique in Thailand is still limited. The present study is conducted to serve three major objectives. The first objective is to apply the technique to measure value of firms in banking sector in the Stock Exchange of Thailand. The second objective is to develop composite price multiple index to forecast equity prices. The third objective is to compare valuation accuracy of different value drivers of price multiple (i.e. EPS, Earnings Growth, Earnings Before Interest Taxes Depreciation and Amortization, Sales, Book Value and Composite Index) in forecasting equity prices. Results indicated that EPS is the most accurate value drivers of price multiple used to forecast equity price of firms in baking sector.

• IEIE Transactions on Smart Processing and Computing
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• v.5 no.2
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• pp.129-142
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• 2016

In Wyner-Ziv coding, video signals are reconstructed by correcting side information generated by block-based motion estimation/compensation at the decoder. The correction is not always accurate due to the limited number of parity bits and early stopping of low-density parity check accumulate (LDPCA) decoding in distributed video coding, or due to the limited number of measurements in distributed compressive video sensing. The blocking artifacts caused by block-based processing are usually conspicuous in smooth areas and degrade the perceptual quality of the reconstructed video. Conventional deblocking filters try to remove the artifacts by treating both sides of the block boundary equally; however, coding errors generated by block-based processing are not necessarily the same on both sides of the block boundaries. Such a block-wise difference is exploited in this paper to improve deblocking for Wyner-Ziv frameworks by designing a filter where the deblocking strength at each block can be non-identical, depending on the reliability of the reconstructed pixels. Test results show that the proposed filter not only improves subjective quality by reducing the coding artifacts considerably, but also gains rate distortion performance.

• Proceedings of the KIEE Conference
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• 1995.11a
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• pp.523-526
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• 1995

This paper presents an improved algorithm of optimal measurement system design with a reliability evaluation method for a large power system. The proposed algorithm is developed to cosider the observability and to achieve highest accuracy of the state estimator as well with the limited investment cost. When the effect on these dummy bus measurements is considered in the proposed algorithm the other errors in the power system is also detected and then analyzed until to achieve the limited values. By taking advantage of the matrix sparsity and the optimal bus ordering the memory and the time are successfully reduced in the P/C's and workstation's model. The improved program is successfully tested for IEEK sample system and KEPCO system with PSS/E lineflow calculated data package.

• Journal of Korean Institute of Industrial Engineers
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• v.23 no.1
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• pp.147-162
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• 1997

When designing workplaces or arranging controls on panel, devices and controls should be placed within the reach of operator's arm or foot to guarantee effective performances. Most of the existing research on the reach volume were based on measurements of a few subject's arm reach, and limited to Caucasian and Chinese populations. Furthermore, reach volume considering foot or trunk motion have not been investigated. Range of human joint motion and that of two degrees of freedom motion are needed to generate reach volume analytically using the sweeping algorithm. However, range of two degrees of freedom motion has not been measured up to now. Therefore, range of two degrees of freedom motion was measured in this research, where 47 college students were participated voluntarily as subjects. The results showed that the motion of one joint can be limited by the motion of another motion, that is to say, the shoulder flexion was decreased significantly when the shoulder was adducted or abducted. Second, new approximate algorithms generating reach volumes were suggested, in which range of two degrees of freedom motion was used as input data. Depending upon the body segment included such as trunk, arm and leg, three types of reach volume were provided, in which the human body was modeled as a multilink system based on the robot kinematics and the sweeping method was employed. Reach volume generated analytically in this study showed statistically reasonable results when compared with that obtained from direct measurement.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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• 2014.10a
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• pp.399-401
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• 2014

The comprehensive vibration assessment program(CVAP) of APR+ nuclear power plant(NPP) is classified as non-prototype, category II with Palo Verde NPP as valid prototype. In this paper, CVAP for first plant of APR+ NPP is proposed. The Control Element Assembly(CEA) shroud of APR+ NPP is different from that of Palo Verde NPP. And the Core Support Barrel(CSB) outer diameter and the flow rate of normal operation of APR+ NPP are larger than those of Palo Verde NPP. Vibration and stress analysis program should be conducted to establish test acceptance criteria. Limited vibration measurement program should be implemented to establish the margin of safety, demonstrate the satisfaction of test acceptance criteria and confirm the similar vibratory response between the APR+ and Palo Verde NPP. Because of the change of normal operation condition, the nominal differences between APR+ and Palo Verde NPP in the structural and hydraulic analysis are studied to determine the measurement locations.

• Korean Journal of Materials Research
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• v.13 no.6
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• pp.398-403
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• 2003

Shallow $p^{＋}$ n junction was formed using a ULE(ultra low energy) implanter. Deactivation phenomena were investigated for the shallow source/drain junction based on measurements of post-annealing time and temperature following the rapid thermal annealing(RTA) treatments. We found that deactivation kinetics has two regimes such that the amount of deactivation increases exponentially with annealing temperature up to $850^{\circ}C$ and that it decreases linearly with the annealing temperature beyond that temperature. We believe that the first regime is kinetically limited while the second one is thermodynamically limited. We also observed "transient enhanced deactivation", an anomalous increase in sheet resistance during the early stage of annealing at temperatures higher than X$/^{\circ}C$. Activation energy for transient enhanced deactivation was measured to be 1.75-1.87 eV range, while that for normal deactivation was found to be between 3.49-3.69 eV.

• Journal of the Korea institute for structural maintenance and inspection
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• v.6 no.2
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• pp.145-155
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• 2002

It is essential for health monitoring of a cable-stayed bridge to provide more accurate and enough information from the sensors. In experimental modal testing, the chosen measurement locations and the number of measurements have a major influence on the quality of the results. The choice is often difficult for complex structures like a cable-stayed bridge. It is extremely important a cable-stayed bridge to minimize the number of sensing operations required to monitor the structural system. In order to obtain the desired accuracy for the structural test, several issues must take into consideration. Two important issues are the number and location of response sensors. There are usually several alternative locations where different sensors can be located. On the other hand, the number of sensors might be limited due to economic constraints. Therefore, techniques such as methodologies, algorithms etc., which address the issue of limited instrumentation and its effects on resolution and accuracy in health monitoring systems are paramount to a damage diagnosis approach. This paper discusses an optimum sensor placement criterion suitable to the identification of structural damage for continuous health monitoring. A Kinetic Energy optimization technique and an Effective Independence Method are analyzed and numerical and theoretical issues are addressed for a cable-stayed bridge. Its application to a cable-stayed bridge is discussed to optimize the sensor placement for identification and control purposes.

• Journal of Adhesion and Interface
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• v.12 no.1
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• pp.1-10
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• 2011

An automated reaction calorimeter was used to directly monitor the rate of emulsion polymerization of vinyl acetate using poly(vinyl alcohol) (PVAs) having different degrees of blockiness. By using this technique in conjunction with other off-line measurements of the evolution of particle size distributions, important details of the process were observed. No constant graft rate period was observed for both low and high initial monomer-water ratios. The gel effect was observed for the low monomer-water ratio recipe. The particle size distributions were broad (particle diameter 40~100 nm) and bimodal. Continuous nucleation was observed to be accompanied by 'limited aggregation' and flocculation during the particle growth stages. It was speculated to be due to the occurrence of the extensive 'limited aggregation' and chain transfer to PVA leading to grafting.

• Journal of Korea Water Resources Association
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• v.48 no.7
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• pp.535-543
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• 2015

Measurements of multiphase flows containing bubbles have been limited because most existing methods target one phase flows. Especially, multiphase flows with a high void ratio have been rarely successful in measurements due to the sudden change of density and thick interfaces between air and water. This study introduces two methods that are capable of measuring flow fields regardless of bubble void ratio, named bubble image velocimetry and bundle fiber optic flow meter. The calculation of the depth of field is suggested to reduce and estimate errors by perspective image velocimetry. The bundle fiber optic flow meter is designed to increase a measurement rate using many optical fibers with a thin diameter. The two methods measured bubble plumes to test reliability and the velocity measurements show good agreement. In addition a hydraulic jump, one of the multiple flows in rivers was measured to test applicability of the methods.

• Journal of the Korean earth science society
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• v.24 no.6
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• pp.549-557
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• 2003

Surface wave exploration method has many advantages over other conventional exploration methods. Only limited accumulation of the study results has been made due to the recent development of the method. In this study the characteristics of the phase dispersion curves of four sites with different geo-technical properties have been identified. A generalized inversion method was used to obtain the shear wave velocity profiles of the study areas. The shear wave velocity profiles were compared with the columnar sections of the boreholes at the sites. This study shows that the rapid changes in the shear wave velocities are consistent with the changes in the sedimentary or lithologic faces found in the borehole measurements. This implicates that the surface wave exploration method could be used to identify changes in the physical properties of sediments or rocks.