• The Korean Journal of Financial Management
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• v.24 no.3
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• pp.63-89
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• 2007

This study aims at empirically verifying whether long memory properties exist in returns and volatility of the financial time series and then, empirically observing influential factors of long-memory properties. The presence of long memory properties in the financial time series is examined with the Hurst exponent. The Hurst exponent is measured by DFA(detrended fluctuation analysis). The empirical results are summarized as follows. First, the presence of significant long memory properties is not identified in return time series. But, in volatility time series, as the Hurst exponent has the high value on average, a strong presence of long memory properties is observed. Then, according to the results empirically confirming influential factors of long memory properties, as the Hurst exponent measured with volatility of residual returns filtered by GARCH(1, 1) model reflecting properties of volatility clustering has the level of $H{\approx}0.5$ on average, long memory properties presented in the data before filtering are no longer observed. That is, we positively find out that the observed long memory properties are considerably due to volatility clustering effect.

• Journal of Advanced Marine Engineering and Technology
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• v.39 no.4
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• pp.483-488
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• 2015

This paper implements a long-term monitoring system (LMS) for ship's engine performance analysis (SEPA) based on the web, for the purpose of the communication speed and engine maintenance. This system is composed of a simulator, monitoring module with a multi channel A/D converter, monitoring computer, network attached storage (NAS), RS485 serial and wireless internet communication system. The existing products monitor the information transmitted from pressure sensors installed in the upper parts of each of engines in the local or web computer, but have a delay in the communication speed and errors in long-term monitoring due to the large volume of sampling pressure data. To improve these problems, the monitoring computer saves the sampling pressure data received from the pressure sensors in NAS, monitors the long-term sampling data generated by the sectional down sampling method on a local computer, and transmits them to the web for long-term monitoring. Because this method has one tenth of the original sampling data, it will use memory with small capacity, save communication cost, monitor the long-term sampling data for 30 days, and as a result, make a great contribution to engine maintenance.

• 한국사회정책
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• v.25 no.1
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• pp.125-159
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• 2018

The purpose of this study is to analyze the factors affecting service use intention of long-term care among the disabled. This study conducts a longitudinal study using the modified Andersen model by the disabled age groups of the 50-64 group and the 65 over group. This study examined random effects panel logit analysis for the 50-64 group and the 65 over group by age variations. The results have shown that there are different factors Influencing factors for each specific age group of the disabled(50-64, 65 over). The results were as follows: there are differences of factors between the 50-64 group and the 65 over group. This study found that predisposing factors of the service use intention of long-term care were significantly related to age, residential area, education status, existence of spouses. Enabling factors of the service use intention of long-term care were significantly related to long-term care service recognition, saving, personal salary income level, housing status. Need factors of the service use intention of long-term care were significantly related to chronic diseases, psychological health, IADL. So, there are a need for a policy considerations such as service for the mid-old age disabled by age groups. Finally, implications and future research directions were discussed based on the finding of the study.

• 한국사회정책
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• v.24 no.1
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• pp.67-95
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• 2017

This study compared policies of elderly abuse of long-term care facilities on WHO, Main countries for improvement of Korean policy. So, This study reviewed policies of elderly abuse of long-term care facilities on WHO, Main countries. So, This study reviewed risk factors that may increase the potential for abuse of an older person can be identified at individual level, care-woker levels, socio-cultural levels and facilities levels. The results of the study were as follows: First, The openness of long-term care facilities are emphasized on many countries. There are a need for a policy considerations such as policies of Ombudsman, Adult guardianship for visiting facilities, external monitoring. Second, There was a difference of facilities infrastructure and workers of treatment condition long-term care facilities each other countries. So It is important to improve facilities infrastructure and workers of treatment condition. Third, It is necessary to consider traits of elderly in long-term care facilities. Especially, it is required to manage dementia elderly and elderly on night time in long-term care facilities. Finally, implications and future directions of policies of elderly abuse of long-term care facilities were discussed based on the finding of the study.

• 한국노년학
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• v.31 no.4
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• pp.999-1014
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• 2011

The purpose of this study is to examine the effects of long-term care insurance(macro-system) on family relationship(micro-system)s' change based on ecosystems theory. Data come from the second(2007) and the fourth(2009) Korean Welfare Panel Study(KWPS). Experimental group is the beneficiary using long-term care insurance and the member of household in their households, and control group is the non-beneficiary not using long-term care insurance and the member of household in their households. The main findings of difference-in-difference model analysis are as follows. First, the ecosystems theory is a theory examining the correlation between long-term care insurance and family relationship. Second, the effects of long-term care insurance is not income effect but independent effect. This result shows that the meaning of family has faded away and family relationship has been weaken and that long-term care insurance has not complete characteristics as a social insurance. Thus, system reforms of long-term care insurance is highly needed for system comprehensiveness, coverage, adequacy, and service accessibility and is changed into family-friendly social policy.

• 산업혁신연구
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• v.36 no.1
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• pp.133-163
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• 2020

This study is designed to see whether overpriced IPO is caused from firm's earnings management, and how effects this to IPO firm's long-term performance. To examine addressed above, we take a look into how firm's earning quality listing on Korea Exchange in 2007 through 2016 is related with long-term stock performance post IPO. Especially, we measure how associated the disparate ratio between offer price and fair price with earnings quality and long-term performance. To examine these three factors, 'three-step mediated regression analysis method' is used. Earnings quality's calculated by discretionary accruals. Disparate ratio is calculated with offer price and estimating share price's rate measured by applying relative valuation model. To sum up, it is as follows. At first, as earnings quality gets high, the disparate ratio between offer price and fair price gets reduced. Secondly, as earnings quality gets high, firm's long term stock performance follows high. At last, as the disparate ratio between offer price and fair price gets increased, firm's long-term stock performance gets decreased. Moreover, mediation effect of the disparate ratio between offer price and fair price is partially found. Thus, it addresses that raised earnings revision before listing is resulted in overpricing of the IPO, and it also leads to poor long term stock performance. This study contributes that empirical analysis is applied to examine long-term under performance using disparate ratio between offer price and fair price. Moreover, this is useful not only to alert investors to risky investing pattern, but to provide informative reference to financial institutions in making policies or decisions about IPO.

• 한국HCI학회:학술대회논문집
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• 2008.02a
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• pp.85-90
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• 2008

This paper describes the human body learning system using the multi-modal user interface. Through our learning system, students can study about human anatomy interactively. The existing learning methods use the one-way materials like images, text and movies. But we propose the new learning system that includes 3D organ surface models, haptic interface and the hierarchical data structure of human organs to serve enhanced learning that utilizes sensorimotor skills.

• The Korean Journal of Financial Management
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• v.8 no.1
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• pp.199-212
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• 1991

주식옵션(stock options)에 대한 연구에 비교하여 상품 및 퓨처 옵션(commodity & futures options)에 대한 연구는 선진국에서도 지금 한참 연구를 하고 있는 단계에 있다. 우리나라에서도 이 분야에 대한 이론을 바탕으로 하는 제도를 곧 도입하려는 준비를 하고 있다. 본 연구는 블랙의 '블랙의 컴모디티 옵션의 가격모형(Black commodity option pricing model)'을 이용하여 재무성 장기채권의 퓨처의 균형가격을 예측하는데 있다. 이 블랙모형의 적용가능성을 검증해 본 것이다. 실제퓨처가격(observed futures prices)과는 달리 재무성 장기채권 퓨처 옵션에서의 묵시적 퓨처가격(futures prices implicit)은 시장효율성(market efficiencies)의 전제하에 성립되거나, 아니면 옵션가격모형을 사용하여서는 아니되거나 둘 중의 하나이거나 둘 다 섞이거나 일 것이다. 본 실증적인 연구, 즉 묵시적인 표준편차(implied standard deviations)를 사이멀테니어스(simultaneously)하게 계산한 묵시적인 퓨처가격(implied futures prices)을 사용한 실증적인 연구는 옵션모델에 의하여 퓨처가격을 계산하는 데에 문제가 있음을 발견하였다. 그 이유는 옵션가격결정모형을 이용하여 계산한 재무성 장기채권의 퓨쳐가격은 재무성 장기채권의 미래가격변동의 방향을 제시하는 지표로써 사용할 수 없기 때문일 것이다. 우리나라에서도 이 분야에 대한 이론과 제도를 곧 도입하는 입장에서 선행되는 문헌이 될 것이다.

• Proceedings of the Korea Water Resources Association Conference
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• 2006.05a
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• pp.1479-1482
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• 2006

본 연구는 우리나라 강수자료 중 90년 이상의 자료를 보유한 지점(서울, 인천, 목포, 부산)에 대해서 변화도 분석과 Singular Spectrum Analysis(SSA)를 사용하여 자료의 주성분 및 주기성을 분석하였다. 각 자료의 변화도 분석결과 1907에서 2004년까지 98년간의 장기변화 중 선형추세에 의한 강우변화량은 23-11mm/mon 증가한다. 선형추세에 의한 년 강우변화량은 276-132mm/yr 이며 증분의 약 65%가 8월 증가량으로 과거 30년 강우분포는 7월에만 피크를 가지나 최근 30년의 강우분포는 7월과 8월에 비슷한 피크를 가지는 변화를 보일 뿐 아니라 지역에 따라 상이한 분포 양상을 보였다. 강우의 선형적 증가와 함께 변화폭도 증가하며 서울, 인천지역이 목포, 부산지역보다 큰 증가 양상을 보였다. 월 변화패턴과 선형추세 등 확정적 변화를 제거한 anomaly는 장기 변동과 각 달에 대해 다른 변동 폭을 가지는 noise의 합의 형태로 나타난다. Moving ave rage를 이용한 장기변동양상은 특정 주기를 가지지 않을 뿐만 아니라 변동 폭도 noise의 변동 폭에 비하여 미소하다. SSA결과 첫 번째 주성분이 전체변화의 1.7%이며 30번째 성분은 전체변화의 약 1% 정도로 장주기의 변화를 보였으나 전체자료에 비해 각 요소들이 설명하는 비중이 상당히 낮았다.

• Journal of Global Scholars of Marketing Science
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• v.8
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• pp.269-290
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• 2001

Customer relationship management is getting more and more important due to the recent development in Internet. Internet allows businesses to collect customers' information, to contact on individual base, and to communicate bilaterally. Much increased interest has many researchers make effort to verify effectiveness and efficiency of relationship marketing. Despite the importance of characteristics of relationship, there has been no systematic study of the uncoupling of internet shopping mall-customer. The purpose of this study is to develop a model that depicts the key variables of relationship in shopping mall-customer situation. The findings of Qualitative research indicate that on-line shopping mall customers do form a long-term orientation toward shopping malls as they do in off-line.