• Title/Summary/Keyword: present value

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ON THE BOUNDARY VALUE PROBLEMS FOR LOADED DIFFERENTIAL EQUATIONS

  • Dzhenaliev, Muvasharkhan T.
    • Journal of the Korean Mathematical Society
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    • v.37 no.6
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    • pp.1031-1042
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    • 2000
  • The equations prescribed in Ω⊂R(sup)n are called loaded, if they contain some operations of the traces of desired solution on manifolds (of dimension which is strongly less than n) from closure Ω. These equations result from approximations of nonlinear equations by linear ones, in the problems of optimal control when the control when the control actions depends on a part of independent variables, in investigations of the inverse problems and so on. In present work we study the nonlocal boundary value problems for first-order loaded differential operator equations. Criterion of unique solvability is established. We illustrate the obtained results by examples.

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Value at Risk Forecasting Based on Quantile Regression for GARCH Models

  • Lee, Sang-Yeol;Noh, Jung-Sik
    • The Korean Journal of Applied Statistics
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    • v.23 no.4
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    • pp.669-681
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    • 2010
  • Value-at-Risk(VaR) is an important part of risk management in the financial industry. This paper present a VaR forecasting for financial time series based on the quantile regression for GARCH models recently developed by Lee and Noh (2009). The proposed VaR forecasting features the direct conditional quantile estimation for GARCH models that is well connected with the model parameters. Empirical performance is measured by several backtesting procedures, and is reported in comparison with existing methods using sample quantiles.

A Study on Ownership Structure Affecting Corporate Value (기업의 지배구조와 기업가치에 관한 연구)

  • 김형준;황동섭
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.19 no.38
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    • pp.97-104
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    • 1996
  • This study is to empirically analyze the relevance between ownership structure and corporate value. This Study took 285 corporations listed in Korea Stock Exchange from 1990 to 1994 as samples. The result of this analysis is summerized as follows: Insider-inquiry ratio of corporation in Korea has been positively corelated with corporate value while it has been negatively corelated if the ratio is over 25%. This study intended to present desirable implications for seperating the management from ownership in Korea.

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A Study on the Filter of Restoration for Defective Image (손실 영상을 복원하기 위한 여파기에 관한 연구)

  • Lee, Chang-Hee
    • Korean Journal of Digital Imaging in Medicine
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    • v.10 no.1
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    • pp.41-44
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    • 2008
  • This paper will improve the quality of medical imaging to restore defective pixels on how to present the information you want to increase the efficiency, Using the filter is damaged pixel approximation of the same value to get value, but it is difficult to obtaion. How to get value for the restoration of the original imaged as a way to fill a sweater pattern of missing and how to restore the delta using the filter, compared to the extsting method of excellence.

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Fixed Point Theorems for Mixed Monotone Vector Operators with Application to Systems of Nonlinear Boundary Value Problems

  • Sadrati, Abdellatif;Aouragh, My Driss
    • Kyungpook Mathematical Journal
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    • v.61 no.3
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    • pp.613-629
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    • 2021
  • In this paper, we present and prove new existence and uniqueness fixed point theorems for vector operators having a mixed monotone property in partially ordered product Banach spaces. Our results extend and improve existing works on τ-φ-concave operators in the scalar case. As an application, we study the existence and uniqueness of positive solutions for systems of nonlinear Neumann boundary value problems.

Creating Covert Channel by Harnessing Shapley Values from Smartphone Sensor Data

  • Ho, Jun-Won
    • International journal of advanced smart convergence
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    • v.10 no.3
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    • pp.10-16
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    • 2021
  • In this paper, we devise a Shapley-value-based covert channel in smartphones. More specifically, unlike ordinary use of Shapley value in cooperative game, we make use of a series of Shapley values, which are computed from sensor data collected from smartphones, in order to create a covert channel between encoding smartphone and decoding smartphone. To the best of our knowledge, we are the first to contrive covert channel based on Shapley values. We evaluate the encoding process of our proposed covert channel through simulation and present our evaluation results.

NUMERICAL EVALUATION OF CAUCHY PRINCIPAL VALUE INTEGRALS USING A PARAMETRIC RATIONAL TRANSFORMATION

  • Beong In Yun
    • The Pure and Applied Mathematics
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    • v.30 no.4
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    • pp.347-355
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    • 2023
  • For numerical evaluation of Cauchy principal value integrals, we present a simple rational function with a parameter satisfying some reasonable conditions. The proposed rational function is employed in coordinate transformation for accelerating the accuracy of the Gauss quadrature rule. The efficiency of the proposed rational transformation method is demonstrated by the numerical result of a selected test example.

Real Option Analysis on Ship Investment Valuation

  • Kim, Chi-Yeol;Ryoo, Dong-Keun;Kim, Jae-Kwan
    • Journal of Navigation and Port Research
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    • v.33 no.7
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    • pp.469-476
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    • 2009
  • Recent collapse of shipping market right after unprecedent surge clearly demonstrates that shipping industry is extremely risky. Due to the volatile movements of the freight rates, investors tend to ask higher rate of return; higher required return reduces the total net present value of the investment project. For several decades, the Discounted Cash Flow(DCF hereafter) analysis has been the most frequently used valuation technique. However, the main problem of the DCF analysis is its assumption that the discount rate would stay the same during the project life. In other words, it usually does not address the decisions that managers have after a project has been accepted. The purpose of this study is investigate a new valuation method of investment: the Real Option Analysis(ROA hereafter) on ship investment. By replacing the existing valuation methods with the new one, the research will present a new perspective on investment with uncertainty. While uncertainty increases risk of investment and consequently discounts the value of it in the traditional feasibility analysis, in the ROA, a new valuation method which will be addressed in the research, uncertainty means some additional value of flexibility so that the tool can help investors produce more accurate decisions. Contrary to the DCF analysis, the ROA takes managerial flexibilities into account. In reality, capital budgeting and project management is typically dynamic, rather than static in nature. The ROA finds and assesses the values of managerial flexibilities or real options in the investments. The main structures of the research will be as follows: (1) overview of the ship investment project, (2) evaluation of the project by the Net Present Value analysis, (3) evaluation of the same project by the Real Option Analysis, (4) comparision of the two techniques.

REPRODUCING KERNEL METHOD FOR SOLVING TENTH-ORDER BOUNDARY VALUE PROBLEMS

  • Geng, Fazhan;Cui, Minggen
    • Journal of applied mathematics & informatics
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    • v.28 no.3_4
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    • pp.813-821
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    • 2010
  • In this paper, the tenth-order linear boundary value problems are solved using reproducing kernel method. The algorithm developed approximates the solutions, and their higher-order derivatives, of differential equations and it avoids the complexity provided by other numerical approaches. First a new reproducing kernel space is constructed to solve this class of tenth-order linear boundary value problems; then the approximate solutions of such problems are given in the form of series using the present method. Three examples compared with those considered by Siddiqi, Twizell and Akram [S.S. Siddiqi, E.H. Twizell, Spline solutions of linear tenth order boundary value problems, Int. J. Comput. Math. 68 (1998) 345-362; S.S.Siddiqi, G.Akram, Solutions of tenth-order boundary value problems using eleventh degree spline, Applied Mathematics and Computation 185 (1)(2007) 115-127] show that the method developed in this paper is more efficient.