• Title/Summary/Keyword: statistical confidence

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Estimating the Willingness-to-Pay and the Value of a Statistical Life for Future Mortality Risk Reduction : The Value of a Statistical Life for Assessing Environmental Damages and Policies (미래의 사망가능성 감소에 대한 지불의사금액과 통계적 인간생명의 가치 측정 -환경적 피해와 환경정책의 평가를 위한 통계적 인간생명의 가치-)

  • Shin, Young Chul;Joh, Seunghun
    • Environmental and Resource Economics Review
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    • v.12 no.1
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    • pp.49-74
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    • 2003
  • This study used a slightly modified version of contingent valuation questionnaire designed and developed by Krupnick et al.(2000) to estimate the value of mortality risk reduction for environmental policy. Because that environmental policy, especially air pollution policy with some latency main effect on mortality risk reduction of old people with some latency period, respondents were asked about their current WTP for 5/1,000 mortality risk reduction being to take place beginning at 70 over the course of ten years. The annual mean WTP is 233,370 won (standard error 32,570 won) in spike/continuous/interval data model. The implied VSL is 466 million won. The 95% confidence interval is 339 million won~594 million won.

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Estimation of the Change Point in VSS X Control Charts

  • Lee, Jaeheon;Park, Changsoon
    • Communications for Statistical Applications and Methods
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    • v.10 no.3
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    • pp.825-833
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    • 2003
  • Knowing the time of the process change could lead to quicker identification of the responsible special cause and less process down time, and it could help to reduce the probability of incorrectly identifying the special cause. In this paper, we propose a maximum likelihood estimator of the process change point when a Shewhart $\bar{X}$ chart with variable sample size (VSS) scheme signals a change in the process mean. Also we build a confidence interval for the process change point by using the likelihood function.

Comparison Of Interval Estimation For Relative Risk Ratio With Rare Events

  • Kim, Yong Dai;Park, Jin-Kyung
    • Communications for Statistical Applications and Methods
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    • v.11 no.1
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    • pp.181-187
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    • 2004
  • One of objectives in epidemiologic studies is to detect the amount of change caused by a specific risk factor. Risk ratio is one of the most useful measurements in epidemiology. When we perform the inference for this measurement with rare events, the standard approach based on the normal approximation may fail, in particular when there are no disease cases observed. In this paper, we discuss and evaluate several existing methods for constructing a confidence interval of risk ratio through simulation when the disease of interest is a rare event. The results in this paper provide guidance with how to construct interval estimates for risk difference and risk ratio when there are no disease cases observed.

Application of Satisfaction Curve to Concrete Material

  • Kim, Jang-Ho-Jay;Phan, Hung-Duc;Jeong, Ha-Sun;Kim, Byung-Yun
    • Proceedings of the Korea Concrete Institute Conference
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    • 2008.11a
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    • pp.821-824
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    • 2008
  • This paper presents a systematic approach for estimating material performance of concrete mixture design based on satisfaction curves developed from statistical evaluation of existing or newly obtained material property related data. In performance based material design (PBMD) method, concrete material used for construction of a structure is designed considering a structure's specified performance requirements based on its usage and characteristics such as environmental conditions, structure types, expected design life, etc.Satisfaction curves express the probabilities that one component of substrates (i.e., aggregate size, cement content, etc) of concrete mixture will sustain different criterion value for a given concrete mixture design. This study presents a statistical analysis method for setting up concrete material parameter versus concrete criterion relationships in the form of satisfaction curves and for estimating confidence bounds on these satisfaction curves. This paper also presents an analysis method to combine multiple satisfaction curves to form one unique satisfaction curve that can relate the performance of concrete to a single evaluating value. Based on several evaluated mixture design examples for various material properties, the validity of the proposed method is discussed in detail.

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Uncertainty Analysis for Parameter Estimation of Probability Distribution in Rainfall Frequency Analysis Using Bootstrap (강우빈도해석에서 Bootstrap을 이용한 확률분포의 매개변수 추정에 대한 불확실성 해석)

  • Seo, Young-Min;Park, Ki-Bum
    • Journal of Environmental Science International
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    • v.20 no.3
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    • pp.321-327
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    • 2011
  • Bootstrap methods is the computer-based resampling method that estimates the standard errors and confidence intervals of summary statistics using the plug-in principle for assessing the accuracy or uncertainty of statistical estimates, and the BCa method among the Bootstrap methods is known much superior to other Bootstrap methods in respect of the standards of statistical validation. Therefore this study suggests the method of the representation and treatment of uncertainty in flood risk assessment and water resources planning from the construction and application of rainfall frequency analysis model considersing the uncertainty based on the nonparametric BCa method among the Bootstrap methods for the assessement of the estimation of probability rainfall and the effect of uncertainty considering the uncertainty of the parameter estimation of probability in the rainfall frequency analysis that is the most fundamental in flood risk assessement and water resources planning.

Objective Bayesian inference based on upper record values from Rayleigh distribution

  • Seo, Jung In;Kim, Yongku
    • Communications for Statistical Applications and Methods
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    • v.25 no.4
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    • pp.411-430
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    • 2018
  • The Bayesian approach is a suitable alternative in constructing appropriate models for observed record values because the number of these values is small. This paper provides an objective Bayesian analysis method for upper record values arising from the Rayleigh distribution. For the objective Bayesian analysis, the Fisher information matrix for unknown parameters is derived in terms of the second derivative of the log-likelihood function by using Leibniz's rule; subsequently, objective priors are provided, resulting in proper posterior distributions. We examine if these priors are the PMPs. In a simulation study, inference results under the provided priors are compared through Monte Carlo simulations. Through real data analysis, we reveal a limitation of the appropriate confidence interval based on the maximum likelihood estimator for the scale parameter and evaluate the models under the provided priors.

Stochastic Project Scheduling Simulation System (SPSS III)

  • Lee Dong-Eun
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.1 s.23
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    • pp.73-79
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    • 2005
  • This paper, introduces a Stochastic Project Scheduling Simulation system (SPSS III) developed by the author to predict a project completion probability in a certain time. The system integrates deterministic CPM, probabilistic PERT, and stochastic Discrete Event Simulation (DES) scheduling methods into one system. It implements automated statistical analysis methods for computing the minimum number of simulation runs, the significance of the difference between independent simulations, and the confidence interval for the mean project duration as well as sensitivity analysis method in What-if analyzer component. The SPSS 111 gives the several benefits to researchers in that it (1) complements PERT and Monte Carlo simulation by using stochastic activity durations via a web based JAVA simulation over the Internet, (2) provides a way to model a project network having different probability distribution functions, (3) implements statistical analyses method which enable to produce a reliable prediction of the probability of completing a project in a specified time, and (4) allows researchers to compare the outcome of CPM, PERT and DES under different variability or skewness in the activity duration data.

Review of the Current Status of the U-238, NP-237 and Th-232 Fission Cross Sections

  • Bak, H.I.;Lorenz, A.
    • Nuclear Engineering and Technology
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    • v.3 no.2
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    • pp.77-97
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    • 1971
  • The experimental fission cross-section data of U-238, Np-237 and Th-232, published up to the end of 1970, are reviewed and analyzed between their respective thresholds and 20.0 MeV. The results of a statistical analysis of the available data, performed with a weighted Least-squares Orthogonal Polynomial Pitting computer programme are presented in the form of point-wise cross-section values together with their uncertainties, and in the form of graphs of the fitted curves with an indication of a region of 95% statistical confidence level. An estimate of the fission spectrum weighted average cross-sections and their respective uncertainties is also given.

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Measuring economic sentiment using ordinary response options

  • Park, Inho;Kim, Tae Yoon
    • Communications for Statistical Applications and Methods
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    • v.24 no.2
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    • pp.163-172
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    • 2017
  • Economic sentiment is typically measured using ordinary response options. The University of Michigan and the United States Conference Board are two widely used major indexes that have separately established independent consumer sentiment indexes based on three-level ordinary response options: positive, neutral, and negative. Notwithstanding, limited attention has been paid to the structural differences in their built-in formulas, which are referred to the disparate micro scoring schemes applied to an individual question. This paper examines the structural difference of the two indexes and then addresses situations where one is more reliable than the other. Real data from business tendency surveys of the Organization for Economic Cooperation and Development are used to illustrate our points empirically. As a conclusion, it is stressed that the two indexes should be handled with care when applied to economic sentiment comparison studies.

Sensitivity Analysis of Creep and Shrinkage Effects of Prestressed Concrete Bridges (프리스트레스트 콘크리트 교량의 크리프와 건조수축효과의 민감도 해석)

  • 오병환;양인환
    • Proceedings of the Korea Concrete Institute Conference
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    • 1998.10b
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    • pp.656-661
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    • 1998
  • This paper presents a method of statistical analysis and sensitivity analysis of creep and shrinkage effects in PSC box girder bridges. The statistical and sensitivity analyses are performed by using the numerical simulation of Latin Hypercube sampling. For each sample, the time-dependent structural analysis is performed to produce response data, which are then statistically analyzed. The probabilistic prediction of the confidence limits on long-term effects of creep and shrinkage is then expressed. Three measures are examined to quantify the sensitivity of the outputs to each of the input variables. These are rank correlation coefficient(RCC), partial rank correlation coefficient(PRCC) and standardized rank regression coefficient(SRRC) computed on the ranks of the observations. Probability band widens with time, which indicates an increase of prediction uncertainty with time. The creep model uncertainty factor and the relative humidity appear as the most dominant factors with regard to the model output uncertainty.

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