• Journal of Korean Ophthalmic Optics Society
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• v.14 no.4
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• pp.11-17
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• 2009

Purpose: The purpose of this study is to provide an empirical overview of the import patterns of the Eyeglasses and Contactlens industry. Methods: This study used an Engle-Granger cointegration technique and Johansen's multivariate cointegraion methodology test to check the stationarity of the model. This paper also applies Rolling regression to our model, indicating that Eyeglasses and Contact Lens import is endogenous to the economic variable. Results: The empirical results show how the import in Eyeglasses and Contact Lens is related to the economic variables. Conclusions: This paper shows how the import of Eyeglasses and Contactlens is influenced by economic variables, such as exchange rate and industrial product, and seasonal factors.

• IE interfaces
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• v.9 no.3
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• pp.81-91
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• 1996

현대의 전기 통신망은 통신서비스의 단순한 제공 수단에서 국가적인 사회간접자본으로 그 역할이 변화되고 있다. 이와 같은 통신망의 역할 변화와 함께 초고속화, 집중화 되는 통신망의 안정성에 대한 체계적인 연구의 중요성은 매우 중요한 문제이다. 통신망의 안정성은 시스템 설계의 신뢰성 확보, 재난에 대한 예방 대책, 재난 관리 시스템 운용, 재해 복구 대책, 사업자간 제휴 등으로 예방 및 대처가 부분적으로 가능하지만 망 사업자의 입장에서는 가능한 자원을 최적으로 활용하여 외부 재해나 내부 장애에도 강건한 구조의 통신망으로 계획하고 설계함이 가장 기초적인 안정성 대책이 된다. 본 논문은 이와 같은 통신망의 안정성을 체계적으로 계획하고 이에 맞게 통신망을 설계하는 일관된 과정(Integrated Network Design Process)을 위한 통신망 안정성에 대한 계층적 모형을 설명하고, 유사동기식 전송 기술에서 최근의 동기식 전송 기술로 대체되고, 향후 ATM 전달 모드로의 진화되는 추세를 감안할 때 필수적인 새로운 통신망 안정성 모형을 제시한다. 특히 기존에는 Logical Layer와 Transmission System Layer로 나누어 계획되고 설계되는 일련의 과정들이 동기식 장비들의 개선된 interworking과 ATM의 유연한 망구조의 장점 때문에 통합되어 계획/설계되어야 하는 필요성과 장단점을 설명하고 최근의 최적화 기술은 이와 같은 통합된 설계 모형에도 효율적이 해결 방안을 제공함을 보여준다. 이와 같은 제시된 통합 방법론/모형과 함께 한국통신의 기간 전송망의 계획과 설계에 사용된 사례를 제시하고, 향후 국가적으로 중요한 관심 사항인 초고속통신망/BISDN의 구축에 효율적으로 응용되기 위한 추가적인 연구 주제와 기대성과를 논의한다.

• Environmental and Resource Economics Review
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• v.19 no.4
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• pp.875-896
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• 2010

Using the difference in differences (DID) estimation method, this paper analyzes the effect of European Union's Emission Trading Scheme (EU ETS) on the reduction of per capita $CO_2$ emission among the twenty five participating countries. For this, the panel dataset of forty two European countries for the period 1990~2007 is constructed. Special attention is paid to the bias of the standard errors in the DID estimation due to the presence of serial correlation in the error terms. The results shows quite a robust effect of EU ETS on the reduction of per capita $CO_2$ emission among the participating countries regardless of the calculation methods of standard errors. The results also shows that the increased implicit tax rate on energy has a robust effect on the reduction of per capita $CO_2$ emission. On the contrary, the estimation results regarding the effects of per capita GDP and population density on the per capita $CO_2$ emission seem inconsistent. In particular, the environmental Kuznets curve is not statistically supported with the use of robust standard errors.

• Environmental and Resource Economics Review
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• v.28 no.2
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• pp.177-200
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• 2019

Energy demand forecast which serves as an essential input in energy policy is exposed to multiple factors of uncertainty such as GDP and weather forecast uncertainty. The Master Plan of Electricity Market in Korea which is biennially prepared is critically based on fluctuating energy demand forecast whereas its resulting proposal on electricity generation mix is substantially irreversible. The paper provides a real options model to evaluate energy transition policy by considering Knightian uncertainty as a measure to study multiple uncertainties with multiple set of probability distributions. Our finding is that the current energy transition policy under the master plan is not robust in terms of securing stable management of electricity demand and supply system.

• Proceedings of the KAIS Fall Conference
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• 2010.05b
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• pp.923-927
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• 2010

본 연구는 가격 및 수요 불확실성하의 강건한 (robust) 생산 및 수송 전략을 수립함으로써 수요 및 가격 불확실성이 존재하는 TFT-LCD 제조업 공급사슬망의 의사결정 문제를 해결하고자 한다. 품질로 구분되는 제품들의 생산, 재고 및 물류에 관한 의사결정을 조정하기 위해, 본 연구에서는 생산용량 제약, 해상/항공 수송 리드타임 및 용량 제약 등의 현실적인 제약조건들 이외에 시나리오 모델을 이용하여 수요 및 가격 불확실성을 함께 반영하는 확률적 혼합정수선형계획법모형들을 개발한다. 또한 이들 모형들의 효율적 솔루션을 위해 제안한 휴리스틱 알고리즘의 성능을 평가하도록 한다.

• The Korean Journal of Financial Management
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• v.24 no.3
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• pp.133-152
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• 2007

In this paper, we examine a portfolio selection model in which a safety-first investor maximizes expected return subject to a downside risk constraint. We use the Value-at-Risk as the downside risk measure. We exploit the fact that returns are fat-tailed, and use a semi-parametric method suggested by Jansen, Koedijk and de Vries(2000). We find a more realistic asset allocation than the one suggested by the literature based on the traditional mean-variance framework. For the robustness check, we provide empirical analyses using empirical quantiles. The results highlight that for optimal portfolio selection involving downside risks that are far in the tails of the distribution, our mean-VaR model with a fat-tailed distribution is superior.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.11 no.9
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• pp.3304-3310
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• 2010

This study solves the decision making problems for TFT-LCD manufacturing supply chain with demand and price uncertainties by establishing robust production and distribution strategies. In order to control the decisions regarding production graded by quality, inventory level and distribution, this study develop scenario model based stochastic mixed integer linear programs (SMILPs) that consider demand and price uncertainties as well as realistic constraints such as capacities etc. The performance of the solution obtained from the SMILPs using robust algorithms will be evaluated through various scenarios.

• Journal of Labour Economics
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• v.43 no.1
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• pp.35-57
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• 2020

Using the Korea Labor and Income Panel Study(KLIPS), this study analyzes the effects of profit sharing on employer-provided training. The estimation results of the fixed effect model that controls for endogeneity show that the workers of profit-sharing firms have a 6.7%-6.8%p higher probability of receiving employer-provided training than the workers of firms without profit sharing. They also show that the workers of profit-sharing firms have a 3.3%p higher likelihood of having employer-provided OJT than their counterparts. The impacts of profit-sharing on employer-provided training appear consistently regardless of the estimation models and in the subsamples. These findings support the hypothesis that profit-sharing promotes employer-provided training.

• The Korean Journal of Applied Statistics
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• v.24 no.6
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• pp.1007-1020
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• 2011

Since the research of Black and Scholes (1973), modeling methods using diffusion processes have performed principal roles in financial engineering. In modern financial theories, various types of diffusion processes were suggested and applied in real situations. An estimation of the model parameters is an indispensible step to analyze financial data using diffusion process models. Many estimation methods were suggested and their properties were investigated. This paper reviews the statistical properties of the, Euler approximation method, New Local Linearization(NLL) method, and Generalized Methods of Moment(GMM) that are known as the most practical methods. From the simulation study, we found the NLL and Euler methods performed better than GMM. GMM is frequently used to estimate the parameters because of its simplicity; however this paper shows the performance of GMM is poorer than the Euler approximation method or the NLL method that are even simpler than GMM. This paper shows the performance of the GMM is extremely poor especially when the parameters in diffusion coefficient are to be estimated.

• The Journal of the Korea Contents Association
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• v.15 no.7
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• pp.436-448
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• 2015

This study examined one of the contemporary financial aspects, the level of corporate cash holdings for the firms belonging to the chaebols in the Korean capital markets. Being accompanied by various alternative econometric methodologies such as static and dynamic panel data model, stepwise OLS, and Fama-Macbeth modelm this research extended the preceding Kim's study (2015) in anticipation of validating the results to identify any financial factors which may significantly affect the chaebol firms' cash reserves. Several financial characteristics such as CASHFLOW, MVBV, REINVEST, and AGENCY, were found to be statistically significant factors on the level corporate liquidity, along with CCC as cash conversion cycle in the models. It may be plausible that any outcomes of this study may be applied to enhance the efficiency of financial strategies of the chaebol firms on cash holdings, thereby expediting the development of the domestic capital markets status quo toward the advanced one in the market classification.