• Title/Summary/Keyword: second order term

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The Volume and Price Relationship of the Oyster Market in Producing Area (굴 산지시장의 위판량과 가격관계)

  • 강석규
    • The Journal of Fisheries Business Administration
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    • v.32 no.1
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    • pp.1-14
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    • 2001
  • The research on the price-volume relation in the market is very important because it examines into regular phenomenon revealed by market participants including producers and middlemen. The purpose of this study is to investigate the relationship between price and trading volume in the oyster producing market. In order to accomplish the purpose of this study, the contents of empirical analysis include the time series properties of price and trading volume, the short-term and long-term relationships between price and trading volume, and the determinants of trading volume. The data used in this study correspond to daily price and trading volume covering the time period from January 1998 to April 2001. The empirical results can be summarized as follows : First, price and trading volume follow random walks and they are integrated of order 1. The first difference is necessary for satisfying the stationary conditions. Second, price and trading volume are cointegrated. This long-run relationship is stronger from trading volume to price. Third, error correction model suggests that feedback effect exists in the long-run and that price tends to lead trading volume by about five days in the short run, that is, to be required period by digging, conveying, and peeling oystershell for selling oyster. Fourth, price and price volatility is a determinant of trading volume. In particular, trading volume is a negative function of price. It is believed that the conclusion drawn from this study would provide a useful standard for the policy makers in charge of reducing the oyster price volatility risk caused by trading volume(selling quantities).

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FINITE ELEMENT APPROXIMATION OF THE DISCRETE FIRST-ORDER SYSTEM LEAST SQUARES FOR ELLIPTIC PROBLEMS

  • SHIN, Byeong-Chun
    • Communications of the Korean Mathematical Society
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    • v.20 no.3
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    • pp.563-578
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    • 2005
  • In [Z. Cai and B. C. Shin, SIAM J. Numer. Anal. 40 (2002), 307-318], we developed the discrete first-order system least squares method for the second-order elliptic boundary value problem by directly approximating $H(div){\cap}H(curl)-type$ space based on the Helmholtz decomposition. Under general assumptions, error estimates were established in the $L^2\;and\;H^1$ norms for the vector and scalar variables, respectively. Such error estimates are optimal with respect to the required regularity of the solution. In this paper, we study solution methods for solving the system of linear equations arising from the discretization of variational formulation which possesses discrete biharmonic term and focus on numerical results including the performances of multigrid preconditioners and the finite element accuracy.

An Approach to Walsh Functions for Estimation of Order and Parameters of Linear Systems (선형계의 차수 및 파라메터 추정을 휘한 Walsh 함수 접근)

  • 안두수;배종일;이명규
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.38 no.2
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    • pp.137-143
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    • 1989
  • System modeling from input-output data is generally carried out in two steps. The first step is to determine the form of the model. In the second step, the parameters of the model in an appropriate form are estimated from input-output data. This paper presents a method, via single term Walsh functions, for simultaneous estimation of the order and the parameters of linear systems from input-output data. The estimation of the model order is based on minimizing an error function, which is defined by Desai and Fairman. Unknown system parameters are recursively estimated by the least square method.

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Gravitational Perturbation of Traversable Wormhole Spacetime and the Stability

  • Kang, YuRi;Kim, Sung-Won
    • Journal of the Korean Physical Society
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    • v.73 no.12
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    • pp.1800-1807
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    • 2018
  • In this paper, we study the gravitational perturbation of traversable wormhole spacetime, especially the Morris-Thorne wormhole spacetime, by using the linearized theory of gravity. We restrict our interest to the first order term and ignore the higher order terms. We assume that the perturbation is axisymmetric. We also assume that the time dependence follows the Fourier decomposition and the angular dependence is expressed in terms of the Legendre functions. As a result, we derive the gravitational perturbation equation of traversable wormhole in terms of a single linear second-order differential equation. As a consequence, we could analyze the unstability of the spacetime with the effective potentials. Furthermore, we consider the interaction between the external gravitational perturbation and the exotic matter, constituting traversable wormholes and its effect on the stability of traversable wormholes.

A Study on the Production Adjustment and Price Support Program of Sea Mustard Aquaculture (미역양식업의 생산조정과 가격지지)

  • 강종호;진상대
    • The Journal of Fisheries Business Administration
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    • v.32 no.2
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    • pp.73-89
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    • 2001
  • The market conditions of sea mustard is changing by overproduction, decreasing price, Import of blanched and salted sea mustard from China into Korea domestic market and increasing market share of sea mustard of China in Japan. In addition, the price support program in sea mustard aquaculture must be modified due to the restriction of domestic support by international organization such as WTO. There are two ways to solve those problems. First is that finding a way to solve the overproduction of sea mustard. One of possible ways is the production adjustment by Marketing Order. Second is that finding an alternative way to replace price support program. The possible way is Direct Payment instead of purchase stockpile system. To introduce marketing Order, outlook center, organization of self-management, production adjustment through output control measure, improvement of market structure, and education/publicity arc necessary. Also, to implement marketing order, setting a model business by government is required. There are two steps for implementation of marketing order. First step is to construct Order Committee including organization of producer, people related marketing. However, this committee must run by government for certain short-term. Second step is to improve quality of product and acceleration of demand. At visual point that enforcement of the first step is completed, government has process that government transfers Order Committees self-correcting. It is desirable that government only conduct the support acts such as quality improvement and acceleration of demand. Also, at early stage it is necessary to have aid system for marketing order For example, we can expect that income increase by production adjustment in long run. However, in short run the income of producer may decrease so, it is required to compensate his economic lose. For compensation, The useful means that can be utilized is direct payment. Direct payment is not continued policy. Also, when production adjustment policy such as Marketing Order has effective results, Direct Payment as an assistant measure must be reduced or abolished. Therefore, when production adjustment acts as an effective tool to control overproduction, Direct Payment system.

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Analysis of Barriers and Activating Factors of Visiting Nursing in Long-term Care Insurance (노인장기요양보험 방문간호의 장애요인 및 활성화 방안)

  • Lim, Ji-Young;Kim, Eun-Joo;Choi, Kyung-Won;Lee, Jung-Suk;Noh, Won-Jung
    • The Journal of the Korea Contents Association
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    • v.12 no.8
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    • pp.283-299
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    • 2012
  • The aim of this study is to develop strategies activating long-term care visiting nursing. The research design was a descriptive survey study, and the data were collected from the visiting nursing center managers, customers, and long-term care insurance staffs. The major results were as follows. To activate the long-term care visiting nursing, first, the basic nursing care for ensuring sustainable health management has to be included. Second, the visiting nursing must be designated as mandatory use in standard guideline for using long-term care services. Third, the insurance pricing of visiting nursing must be based on the cost of visiting nursing. And, last, using a visiting nursing must be possible without a doctor's order sheet, when it is required for the assessment of patient's health status.

The Effects of Long-Term Relationships on Emotional and Relational Characteristics with Salespeople in Fashion Stores between Middle and Senior Women (중·노년층 여성이 경험하는 패션매장에서의 감성과 판매원과의 관계적 속성이 장기적 관계지향성에 미치는 영향)

  • Seo, Eun-Kyoung
    • Journal of the Korean Home Economics Association
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    • v.47 no.7
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    • pp.97-107
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    • 2009
  • This study investigated the impact of long-term relationship orientation on emotional characteristic in fashion stores and relationship characteristic between middle-aged and senior women and salespeople. This study employed survey method with questionnaire. Data were collected from 579 women who were from the age of forty to seventy. The data were analyzed using statistic methods(SPSS 15.0 and Amos 5.0) such as frequency analysis, cronbach $\alpha$, exploratory factor analysis, second-order confirmatory factor analysis, confirmatory factor analysis and structural equation modelling. The findings of this study were concluded as follows; Firstly, the income significantly affected on emotional characteristics(p < 0.01), but had no significant effect on long-term relationship orientation(p < 0.05). The higher income, the more respondents exhibited positive attitude and sensitive emotional characteristics as a sense of sight, hearing, smell, tactile and feeling to salespeople in the fashion stores. The path of structural equation was implemented as income variables $\rightarrow$ emotional characteristics $\rightarrow$ (relationship with salespeople variables $\rightarrow$ )commitment $\rightarrow$ long-term relationship orientation which turned out to be statistically significant at the 95% confidence level. Secondly, senior group(55~70yrs) was more positive relationship with salespeople compared to middle-aged group(40~54yrs). The precondition of get satisfaction and feeling of being cared from the salespeople were critical for long-term relationship orientation. The path of structural equation was carried out as age variables $\rightarrow$ relationship with salespeople variables $\rightarrow$ commitment $\rightarrow$ long-term relationship orientation which turned out to be statistically significant at the 95% confidence level.

Determinants of Foreign Direct Investment: Evidence from Vietnam

  • NGO, Minh Ngoc;CAO, Huy Hoang;NGUYEN, Long Ngoc;NGUYEN, Thuc Ngoc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.173-183
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    • 2020
  • The paper investigates the determinants of foreign direct investment (FDI) in Vietnam in 2000-2019 period. This study uses difference Generalized Methods of Moments (GMM) and Pooled Mean Group (PMG) to analyse panel data officially provided by General Statistical Office of Vietnam. The results show that market size impacts positively significant on FDI attraction: 1% -1.45% (PMG) and 1% -1.25% (GMM). Besides, some other factors have positive influences as labor force, macroeconomic policy, macroeconomic stability and skilled labor. Meantime, the trade openness negatively affects FDI inflows in the short-term, while not being statistically significant in the long-term. Moreover, economic shocks often have a negative impact on FDI inflows. The findings of this study lead to the following recommendations. First, authorities should pay special attention to encourage economic growth rate in Vietnam to expand market size because this is the first priority of foreign investors. Second, authorities need to continue increasing the rate of skilled labor, especially highly qualified management force, engineers and well-skilled workers. Third, the authorities should adjust trade openness to boost the role of its determinant in attracting FDI inflows. Fourth, macroeconomic stability needs to be governed by international standards in order to secure the belief of foreign investors in the long-term.

A Study on the Cultural Characteristics reflected on the Consumer Product Ads (소비자제품의 광고에 반영된 문화특성에 관한 연구)

  • 김태희;전양진
    • Journal of the Korean Society of Clothing and Textiles
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    • v.25 no.3
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    • pp.629-637
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    • 2001
  • The objective of this study was to identify the cultural characteristics affecting advertising contents of the consumer products. Hofstedes(1991) five cultural characteristics such as individualism-collectivism, power distance, masculinity-feminity, avoidance of uncertainty, confucian dynamism were used. Ten kinds of consumer products were included and data were collected from France, Japan, Korea, and U. S. during 1999∼2000. All ads were evaluated and compared their cultural characteristics in terms of country, product involvement and usage, and magazine type. ANOVA, Duncan test, and Pearson correlation-coefficient were applied to analyze data. The results were shown as follows: First, most ads tended to be individual, less power oriented, feministic, and showed high tendency of uncertainty avoidance as well as long term confucianism for all the countries. And some cultural characteristics were different among countries. Japan, France, U. S. and Korea in order showed higher individualism and lower power distance. Also Korea and Japan showed relatively short term confucian culture while U. S. and France did ling term perspectives in the ads. Second, product involvement and usage type had a significant impact on the characteristics of individualism-collectivism and feminity-masculinity. That is, product ads of lower involvement and personal use were likely to show individualistic messages and to have more feministic appeals. Third, magazine type had an impact on some cultural characteristics. Womens magazines would have more individualistic, less power oriented, and feministic appeals of ads. In conclusion, global ads should be localized and differentiated in terms of some cultural characteristics and differ depending on product characteristics.

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Study on the investment method for the coordination of the performance assurance term in the Apartment Housing (공동주택 하자담보책임기간의 조정을 위한 공종별 검토방법에 관한 연구)

  • Park, Geun-Soo;Chae, Chang-Woo
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2008.11a
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    • pp.458-463
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    • 2008
  • This study focused on the suggestion that is improved alternation with relation to construction item & assurance term in order to deal with the assurance conflict efficiently which have been happened in the apartment housing. To correspond to this purpose of research, as a first step, we introduced the add item & sub item of construction work on the basis upon construction specifications of the number of 17 on housing law as a alternation of the defects assurance construction item that is necessary to correct as soon as possible. As a second step of the research, we did cross analysis & compare the result of defects happened to the apartment housing complex of 293 with the defect' rate of construction work excepted from the supervisory item, and main performance estimation items in the HPGS(House Performance Grading System), and analysis results introduced from question survey. As the result of this research work, we became to reflect the improving schemes on the housing Law the year of 2007.

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