• Title/Summary/Keyword: 합리적기대

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Bayesian Analysis of a Stochastic Beta Model in Korean Stock Markets (확률베타모형의 베이지안 분석)

  • Kho, Bong-Chan;Yae, Seung-Min
    • The Korean Journal of Financial Management
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    • v.22 no.2
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    • pp.43-69
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    • 2005
  • This study provides empirical evidence that the stochastic beta model based on Bayesian analysis outperforms the existing conditional beta model and GARCH model in terms of the estimation accuracy and the explanatory power in the cross-section of stock returns in Korea. Betas estimated by the stochastic beta model explain $30{\sim}50%$ of the cross-sectional variation in stock-returns, whereas other time-varying beta models account for less than 3%. Such a difference in explanatory power across models turns out to come from the fact that the stochastic beta model absorbs the variation due to the market anomalies such as size, BE/ME, and idiosyncratic volatility. These results support the rational asset pricing model in that market anomalies are closely related to the variation of expected returns generated by time-varying betas.

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Oriental and Western Convergence Study and Alimentotherapy Application of Yulmubokyeoljuk (율무복령죽의 동·서 융합적 섭취효능 및 식이요법 활용에 관한 연구)

  • Park, Sung-Hye;Park, Hae-Ryoung
    • Journal of Digital Convergence
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    • v.15 no.3
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    • pp.385-391
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    • 2017
  • The purpose of this study is to understand the food and nutritional value of based on the oriental Qi-flvor theory and to convergence understanding of dietary effects. In this study, dietary effect of Yulmubokyeoljuk based on oriental theory and analyzed the contents of general composition and minerals. We recognize the value as a food that can be used for therapy of Yulmubokyeoljuk. Phosphorus content was high and high calory foods. In addition, by discharging stagnant water in the spleen, excessive wetness is removed and the function of transportation of the spleen is strengthened. The results of this study suggest that it provided the basis of the characteristics of food and the necessity of convergence approach to dietary efficacy based on the traditional Qi-flvor theory and nutrional composition.

Monitoring Pollutants Occurred by Non Point Sources - Rainfall Runoff from Cultivated Lands for a Sweet Potato and a Cherry Tree - (비점오염원에서 발생하는 오염물질 모니터링 - 고구마·벚나무경작지의 강우유출수를 대상으로 -)

  • Choi, Byoungwoo;Kang, Meea
    • Journal of Korean Society of Environmental Engineers
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    • v.36 no.1
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    • pp.13-19
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    • 2014
  • The management of non point sources was marked by the need for clean water environments. It was proposed the fundamentals to promote the reasonable land management in this study. We monitored rainfall events at two non point sources with different crop cultivations such as a sweet potato and a cherry tree for three years. Because the most important factor was rainfall, the rainfall runoff and pollutant loads were generated 100% in the case of rainfall ranges with 50 < rainfall (mm). However the frequency of rainfall runoff was interacted with the crop cultivation and soil characteristics in the case of rainfall ranges such as 30 < rainfall (mm) ${\leq}50^a$ and 10 < rainfall (mm) ${\leq}30^b$. The frequency of rainfall runoff was a : 60% and b : 5% in the cherry tree cultivation with growing significantly and pollutant loads were lower than that of the sweet potato cultivation. Meanwhile the frequency of rainfall runoff was a : 60% and b : 5% in the sweet potato cultivation.

A Study on Limitations on the Right of Reproduction and Right of Communication to the Public in Digital Networked Environment (디지털 복제권 및 전송권 제한에 관한 연구)

  • 정경희;이두영
    • Journal of the Korean Society for information Management
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    • v.18 no.4
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    • pp.127-142
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    • 2001
  • It has been criticized that the right of reproduction and right of communication to the public in the Copyrigt Act of Korea, which was amended in the year of 2000 in line with new environments around digital networks, limited the limitation to author’s property right in private use and library exemption too much. Solving the problem above, this study analyzes comparatively WCT, Amended Proposal for a Directive on Copyright and Related Rights in the Information Society, Copyright Law of the United States of America, Copyright Amendment(Digital Agenda), and Copyright Act of Korea. Based on the results from related case analyses and a survey on how stakeholders view copyright issue, in addition, this study presents a reasonable way of limiting rights of reproduction and rights of communication to the public.

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Behavior of Composite Structure by Nonlinearity of Steel-concrete Interface(II) -Behavior of Steel-Concrete Interface- (강·콘크리트 경계면의 비선형성에 따른 합성구조체 거동 (II) -강·콘크리트 경계면의 거동 특성-)

  • Jeong, Youn Ju;Jung, Kwang Hoe;Kim, Byung Suk
    • Journal of Korean Society of Steel Construction
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    • v.15 no.5 s.66
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    • pp.509-518
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    • 2003
  • In this study, we carried out nonlinear analysis according to various interface nonlinear models by interaction magnitude, and analyzed interface behavior such as distribution of tangential traction and relative slip in steel-concrete composite structure. As a result of this study, tangential traction and relative slip of interface is rapidly increased at the steel plate-concrete interface, especially at the neutral region, rather than tensile, as opposed to the T beam-concrete interface. In transverse direction, it has gradually reduced to go outside from loading position. In longitudinal direction, it was minimum at the central region near the loading point, maximum at 0.6-0.7L from support and gradually reduced as it nears support. Moreover, as the load is increased, the failure of interface gradually expands from the maximum tangential traction position to the entire region. It is expected to provide fundamentality for interface behavior and load-carrying mechanism, and for the design of bending and shear connection of steel-concrete composite structure.

The Economic Effects of Local Loop Unbundling: Focusing on the EU Case Study (가입자선로 개방의 경제적 효과: EU의 도입 사례를 중심으로)

  • 이종용;김방룡
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.27 no.11C
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    • pp.1178-1188
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    • 2002
  • Local Loop Unbundling(LLU) has been understood as the way of facilitate the competition on the access and the local telephone service market. There are major benefits of stimulating the competition in the local service, avoiding access network duplication and reducing in environmental disruption. However, LLU has several disadvantages such as removing incentives for building alternative access networks, undermining existing investment in alternative access networks, introducing new substantial costs to the industry and requiring prolonged and detailed regulatory intervention. The economic effects of LLU generally will be different according to the special situation of each countries and the object of LLU. In case of EU, most of countries have already introduced and implemented LLU. But EU can't expect the economic effects on LLU emerged in the early stage of introducing it and faced with dilemma. To be realized the successful implementation of LLU, I think, it is required to be reviewed about the main issues such as the problem of regulation, the reasonable level of LLU pricing and the technical & operational problems.

A Study on the Urban Freight TSM Techniques (도시 화물차량 TSM 기법에 관한 연구)

  • 김건영
    • Proceedings of the KOR-KST Conference
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    • 1998.10a
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    • pp.488-495
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    • 1998
  • 대도시지역은 인구와 경제활동의 밀집도가 매우 높은 지역이나 계속되는 교통혼잡의 가중에의한 신속한 물자이동의 제약과 화물작업을 위한 공간의 부족 등으로 인하여 원활한 수송활동과 물류활동을 제한하는 장애요인들이 화물의 이동에 비하여 많은 실정이다. 도시가 존속하고 생산활동, 소비활동을 하기 위해서는 원자재, 에너지, 제품 등이 도시내·외를 통해 생산부문간과 개인·집단간에 원활한 수송이 이루어져야 한다. 하지만, 서울과 같은 대도시는 우리 나라 전체 경제에 미치는 영향이 매우 큼에도 불구하고 급속하게 증가하는 승용차 위주로 교통소통, 교통체계개선(TSM), 도로망 구축 등의 정책이 시행되어 왔다. 대규모 물류이동이 필수적인 서울의 남대문시장, 동대문시장, 용산전자상가 등 오래전부터 형성되어 온 도심상가지역은 굳이 언급하지 않더라도 서울 근교 신도시에 점차 확산되고 있는 대형 할인매장 등의 유통업무지구, 대형 사무용 건물 등에 원활하고 적시의 수송지원을 위해서는 체계적이고 합리적인 물류체계와 화물시스템 못지 않게 그에 따른 도로의 기하하적 구조나 화물차량을 고려한 신호체계 등이 필요하다. 따라서, 본 연구에서는 일반적인 도시 TSM기법 중에서도 화물차량 위주의 TSM기법에 중점을 두고 대도시에 적용 가능한 도로상의 화물차량 소통기법을 연구하여 그 적용성과 기대효과를 살펴보는데 그 목적이 있다. 본 연구는 크게 도시외곽을 경유하는 화물차량에 관한 도시외곽 화물 TSM 기법과 도시내 통과차량 소통기법, 주·정차 및 조업차량관리기법의도시내 화물TSM 기법으로 구성되어 있다. 도시외곽 화물 TSM 기법의 주내용은 신호체계 개선과 도로의 기하구조 개선 등이며, 도시내 화물 TSM 기법은 화물차량의 도시내 교통소통 기법과 화물차량의 주·정차 관리 및 조업차량 관리에 대한 연구를 수행한다. 대부분의 TSM 개선방안의 시행주체가 경찰청과 시이므로 본 연구의 결과는 도시의 원활한 화물교통소통을 위하여 적용가능할 것으로 예상된다.

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The Trends of Recent Development in Papermaking Additives (제지용 첨가제의 최근 개발동향)

  • Ryu, Jeong-Yong;Kim, Hyoung-Jin;Jo, Byoung-Muk
    • Applied Chemistry for Engineering
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    • v.18 no.6
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    • pp.531-536
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    • 2007
  • The review is to introduce newly developed papermaking additives that has been applied to obtain a optimized papermaking production processes through paper quality and productivity improvements in recent years and near future. Not only the introduction of newly developed papermaking additives, but also the discussion on their application principles, methods, controls, inspections, and future development direction has been presented in the paper. The development of papermaking technology has focused on papermaking productivity, paper quality, and production effectiveness improvement through the optimization of the already developed technologies. It is thus concluded that even if noticeable innovative changes has not been in an area of papermaking additives, the development of several important papermaking additives in a technical aspect has been reported and improved the control and management of the papermaking system based on the development.

Probabilistic Risk Evaluation Method for Human-induced Disaster by Risk Curve Analysis (확률.통계적 리스크분석을 활용한 인적재난 위험평가 기법 제안)

  • Park, So-Soon
    • Journal of the Korean Society of Hazard Mitigation
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    • v.9 no.6
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    • pp.57-68
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    • 2009
  • Recently, damage scale of human-induced disaster is sharply increased but its occurrences and damages are so uncertain that it is hard to construct a resonable response & mitigation plan for infrastructures. Therefore, the needs for a advanced risk management technique based on a probabilistic and stochastic risk evaluation theory is increased. In this study, these evaluation methods were investigated and a advanced disaster risk evaluation method, which is based on the probabilistic or stochastic risk assessment theory and also is a quantitative evaluation technique, was suggested. With this method, the safety changes as the result of fire damage management for recent 40 years was analyzed. And the result was compared with that of Japan. Through the consilience of the traditional risk assessment method and this method, a stochastical estimation technique for the uncertainty of future disaster's damage could support a cost-effective information for a resonable decision making on disaster mitigation.

Examination on Rational Interpretation Criteria and Signification of Visual Symbols (시각기호의 의미작용에 대한 이해와 해석범주에 대한 고찰)

  • Huh, Jin
    • The Journal of the Korea Contents Association
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    • v.12 no.7
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    • pp.94-101
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    • 2012
  • Design reflects the time and cultural trends and thus can have different symbolic significance and functions depending on the perspective. While this is evident, corporations still insist that designers achieve viewers' complete understanding and satisfaction in their designs. Also, they refuse to accept the designers' interpretation on the grounds that they are subjective and incomplete interpretations even when in fact they are of superior intellectual standard. This problem is also found among the designers dealing with the clients. Thus, as long as all they are willing to accept is the fallibility of each other, the clash between designers and users is inevitable. To solve these problems, we need to have more objective and logical framework for achieving collective understanding on the interpretation of designs and symbols from the very stage of their development. The graphic design is a tangible product that represents the cultural phenomenon and needs to be interpreted as visual symbols. This makes the graphic design a semiological subject. Thus, a semiological approach will enable more analytical interpretations of polysemy of visual symbols. In this light, this study seeks to apply a semiological approach to suggest criteria for interpreting graphic designs as symbols. The criteria will serve as a useful tool for rational evaluation as well as strategic design development.