• Proceedings of the KIEE Conference
• /
• 2004.11b
• /
• pp.290-292
• /
• 2004

Generally, there are two types of regulation strategies for encouraging renewable energies ; regulation by quantity and price. With examples of quantity regulation, there RPS (Renewable portfolio standard) system in United States America, Renewable obligation in England, and MRET system in Australia. Countries that chose the price regulation are Germany, Spain, France, Portugal. This Paper overviews the current trends of regulation system on policies for renewable energies in foreign countries on these days.

• Journal of the Korean Data and Information Science Society
• /
• v.20 no.6
• /
• pp.1049-1060
• /
• 2009

The expansion of volatility in Korean Stock Market made it more difficult for the individual to invest directly and increased the weight of indirect investment through a fund. The purpose of this study is to construct the EIF(enhanced index fund) model achieves an excessive return among several types of fund. For this purpose, this paper propose portfolio optimization model to manage an index fund by using GA(genetic algorithm), and apply the trading amount and the closing price of standard index to earn an excessive return add to index fund return. The result of the empirical analysis of this study suggested that the proposed model is well represented the trend of KOSPI 200 and the new investment strategies using this can make higher returns than Buy-and-Hold strategy by an index fund, if an appropriate number of stocks included.

• Journal of The Korean Association For Science Education
• /
• v.22 no.1
• /
• pp.176-189
• /
• 2002

The purpose of the study is to develop major types of scoring rubrics of portfolio system, and estimate the reliability of the rubrics developed. The portfolio system was developed by Science Education Laboratory, Chongju National University of Education in summer, 2000. The portfolio is based on the Unit 2, The Layer and Fossil, and Unit 4, Heat and Change of Objects at fourth-grade level. Four types of scoring rubrics, holistic-general, holistic-specific, analytical-general, and analytical-specific, were developed. Students' portfolios were scored and inter-rater and intra-rater reliability were calculated. To estimate inter-rater reliability, 3 elementary teachers per each rubric(total 12) scored 12 students' portfolios. Teachers who used analytical-specific rubric scored only six portfolios because it took much more time than other rubrics. To estimate intra-rater reliability, second scoring was administered by two raters per rubric in two and half month. The results show that holistic-general rubric has high inter-rater and moderate intra-rater reliability. Holistic-specific rubric shows moderate inter- and intra-rater reliability. Analytical-general rubric has high inter-rater and moderate intra-rater reliability. Analytical-specific rubric shows high inter- and intra-rater reliability. The raters feel that general rubrics seems to be practical but not clear. Specific rubrics provide more clear guidelines for scoring but require more time and effort to develop the rubrics. Analytical-specific rubric requires more than two times of time to score each portfolio and is proved to be highly reliable but less practical.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.4
• /
• pp.13-28
• /
• 2022

The growth of the Islamic finance sector has been well-documented. One of the most booming sectors has been Sukuk. According to several past studies, non-Islamic investors' interest in Sukuk is due, at least in part, to the diversification benefits that Sukuk provides in the context of a fixed-income portfolio. This paper compares a pair between Sukuk and Bonds in the Malaysian market issued by the same issuer to have an unbiased comparison. Using unconditional correlation methodology provides an initial examination of the relationship between the matched pairs. In addition, this paper adopts the standard GARCH-DCC approach of Engle (2002). This is a generalization of the Bollserslev (1990) GARCH model, allowing for the conditional correlation matrices to be time-varying. The findings reveal that the correlation between bonds and Sukuk is similar to that of bonds, making Sukuk a less appealing type of bond from a diversification standpoint. There are no significant differences between Sukuk and bonds. These finding questions the previously considered differences among different types of Sukuk and supports the argument that some Sukuk might not be compliant with Islamic rules and their structure, as contracts have the same risks for Sukuk holders regardless of the type of Sukuk.

• Journal of Korean Institute of Industrial Engineers
• /
• v.40 no.2
• /
• pp.172-183
• /
• 2014

This paper measures and compares the efficiency of national health technology R&D programs focused on translational research program increasing importance using data envelopment analysis (DEA). Three input variables and three output variables are selected for DEA. Inputs are funds, researchers, and project period and outputs are SCI (E) papers, applied and granted patents, and impact factor. This study uses a three-stage approach. In the first stage, output-based DEA model is applied to evaluate the efficiency of decision making unit (DMU). In the second stage, based on efficiency scores of target diseases high-efficiency group and low-efficiency group are classified. And then strategic portfolio matrix of translational research program is composed of four dimensions combining research types. Mann-Whitney U test is then run to compare average efficiency scores among four groups. In the final stage, Tobit regression model is used to estimate factors likely to influence the efficiency. The results are expected to provide policy implications for effectively establishing investment strategy and managing performance of R&D program.

• Journal of Technology Innovation
• /
• v.25 no.2
• /
• pp.57-87
• /
• 2017

This study analyzes whether cooperating with various types of partners contributes to a company's innovation performance as well as the moderating effect of absorptive capacity and appropriability that may affect learning in such relationship. The hypothesis is that cooperating with diverse partners will have a positive effect on the innovation performance since it acquires their knowledge and information. In addition, an analysis is conducted on the moderating effect of absorptive capacity and appropriability on the relationship between alliance portfolio consisting various partners and innovation since absorptive capacity that encourages learning is likely to positively moderate the relationship between partner diversity and innovation while appropriability, the capacity to protect the proprietary technology, is likely to undermine learning from partners. The result of the empirical analysis on Korea's key industries, machinery and automobile, using the 2010 Korea Innovation Survey(KIS) data on manufacturing shows that cooperating with various types of technology partners has a positive effect on innovation performance and moderating effect on appropriability.

• Asian Journal of Innovation and Policy
• /
• v.7 no.3
• /
• pp.534-563
• /
• 2018

Venture Capital Firms (VCs) encounter severe information asymmetry risks at almost every stage in their investment lifecycle. This paper explores the agency risks arising from information asymmetry during the stage of exits by VCs from the funded companies in their portfolio and how that impacts the incidence of specific types of type of exits (IPOs/M&As). In this empirical study, by using the data on IPO and M&A exits from venture capital-funded companies, we show how the ability of prospective buyers to better resolve agency risks is directly correlated with the incidence of the above exit types. Using the technique of logistic regression, we demonstrate that factors such as syndication, specialization focus of the VC firm (in terms of stage and sector) and the level of its social capital (proxied by its age and experience) drive the success rate of exits. This is one of first studies in context of exits from VC funded companies in the Indian context.

• Journal of Korean Elementary Science Education
• /
• v.39 no.1
• /
• pp.15-25
• /
• 2020

In this study, we investigated elementary and preservice elementary school teachers' actual and preferred types of science assessment focusing on the purpose and the method of assessment. Participants were 75 elementary school teachers and 93 preservice elementary school teachers. The questionnaire adopted from previous relevant studies was administerd in order to examine the types of assessment which the teachers have actually implemented and the preferred types of assessment for hypothetical situations known as the prototypical examples of constructivist assessment. The results revealed that most teachers and preservice teachers tend to possess the summative-oriented purpose of assessment. An affective assessment purpose focused on evaluating students' interest, attitude, and curiosity toward science was newly identified in this study. In analyzing teachers' responses from the viewpoint of the method of science assessment, responses of an informal mode such as observation and portfolio were noticeable. However, most of them were found to correspond to the traditional summative-oriented purpose of assessment. For prototypical constuctivist assessment situations, teachers and preservice teachers were found to prefer the performance and the informal modes than the measurement mode of the assessment methods, whereas their purposes of the assessment were not found to be constructivist.

• Journal of the Korean School Mathematics Society
• /
• v.3 no.1
• /
• pp.149-163
• /
• 2000

The Ministry of Education have had us practice the performance test as a substitute proposal, however, all the more for the idealistic purport, our education front does not have such a sufficient condition as to practice the performance test for many classes and miscellaneous duties and over-populated class, and that practice has been enforced so abruptly without any drastic preparation and has caused much confusion from the beginning of that enforcement. Thus, these problematic concerns are remained as the tasks of the teachers to be solved by themselves in the front of education, and herein I came to do this research. The followings are the conclusions that I got as the results of the research (1) Performance test style should be applied in consideration of the students' achievement level and the gap of the teachers' recognition; descriptive test, portfolio assignment and formative test styles were proper for the students lacking basic study ability. (2) Descriptive test should have its beginning with the question items to which students can write the problem solving procedure logically rather than those to evaluate the creation ability and thinking ability: and putting down specifically the assessment standard could prevent students' confusion and scheme the impartiality of the assessment. (3) Portfolio assignment evaluation should be given with as interesting and suitable amounts as possible so that the students can do by themselves. (4) Utilizing the performance test table enabled easy management of documentary evidence. And it is needless to say that the success of the performance test should have preceding conditions like the teachers' understanding and their positive participation. Therefore, I'd like to give suggestions herein like the followings; (1) The performance test should not always be made into grades, and there is a need to develop the test gradually in the condition that the education surroundings permit by checking time, frequency, ratio and contents of the test while practicing the multiple choice writing test. (2) As long as the performance test has the aims of improving the studying and learning activities, any performance test only for the sake of making numerals with the thought that assessment is the disposal of the grades should be avoided, and the change of the lecturing styles and development of various assessing types and studying materials should be endeavored to confirm with the aims.

• Information Systems Review
• /
• v.22 no.2
• /
• pp.201-217
• /
• 2020

Information security is an essential element not only to ensure the operation of the company and trust with customers but also to mitigate uncertain damage by preventing information data breach. Therefore, It is important to select appropriate information security countermeasures and determine the appropriate level of investment. This study presents a decision support model for the appropriate investment amount for each countermeasure as well as an optimal portfolio of information countermeasures within a limited budget. We analyze statistics on the types of information security breach by industry and derive an optimal portfolio of information security countermeasures by using genetic algorithms. The results of this study suggest guidelines for investing in information security countermeasures in various industries and help to support objective information security investment decisions.