• Communications of the Korean Mathematical Society
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• v.28 no.2
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• pp.397-406
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• 2013

We present an improved binomial method for pricing European- and American-type Asian options based on the arithmetic average of the prices of the underlying asset. At each node of the tree we propose a simple algorithm to choose the representative averages among all the effective averages. Then the backward valuation process and the interpolation are performed to compute the price of the option. The simulation results for European and American Asian options show that the proposed method gives much more accurate price than other recent lattice methods with less computational effort.

• Journal of applied mathematics & informatics
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• v.30 no.1_2
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• pp.135-145
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• 2012

Traditionally, ERM (Equivalent Random Method) is used to determine number of circuits in an overflow circuit group with rough traffic which has vmr(variance to mean ratio) greater than one. Recently, IPP(Interrupted Poisson Process) approximate method which represents the collective feature of the overflow has been introduced. The negative binomial loss formula can be applied to determine the required number of circuits in the overflow circuit group. In this paper, we deal with the negative binomial loss formula and determination method of number of circuits. We also analyze and compare these three loss formulas.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.35 no.2
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• pp.98-105
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• 2012

This paper describes the Bayesian approach for reliability demonstration test based on the samples from a finite population. The Bayesian approach involves the technical method about how to combine the prior distribution and the likelihood function to produce the posterior distribution. In this paper, the hypergeometric distribution is adopted as a likelihood function for a finite population. The conjugacy of the beta-binomial distribution and the hypergeometric distribution is shown and is used to make a decision about whether to accept or reject the finite population judging from a viewpoint of faulty goods. A numerical example is also given.

• Journal of the Korean Data and Information Science Society
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• v.12 no.1
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• pp.1-9
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• 2001

In this paper, the problem of information related to I binomial experiments, each having a distinct probability of success ${\theta}_i$, i = 1,2, $\cdots$, I, is considered. Instead of using a standard exchangeable prior for ${\theta}\;=\;({\theta}_1,\;{\theta}_2,\;{\cdots},\;{\theta}_I)$, we con-sider a partition of the experiments and take the ${\theta}_i$'s belonging to the same partition subset to be exchangeable and the ${\theta}_i$'s belonging to distinct subsets to be independent. And we perform Gibbs sampler approach for Bayesian inference on $\theta$ conditional on a partition. Also we illustrate the methodology with a real data.

• Communications for Statistical Applications and Methods
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• v.9 no.1
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• pp.63-73
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• 2002

The one of analytic imputation technique involving conditional means was mentioned by Schafer and Schenker(2000). And their derivations are based on asymptotic expansions of point estimator and their associated variance estimator, and the result of imputation can be thought of as first-order approximations to the estimators. Specially in this paper, we are presenting the method of estimating a Binomial proportion with Bayesian approach of imputed conditional means. That is, instead of using maximum likelihood(ML) estimator to estimate a Binomial proportion, in general, we use the Bayesian estimators and will show the result of estimated Imputed conditional means.

• Journal of the Korean Data and Information Science Society
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• v.26 no.2
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• pp.313-322
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• 2015

A mixture distribution of a discrete uniform or degenerated distribution and two binomial distribution is proposed and a method of obtaining the maximum likelihood estimates of the parameters is provided. For the proposed model simulation studies were conducted to see performance of the maximum likelihood estimates and a mixture of a degenerated distribution and two binomial distributions was applied to fit a lecture evaluation data to show a good result.

• Communications for Statistical Applications and Methods
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• v.20 no.5
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• pp.347-356
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• 2013

We propose a sequential method to construct approximate confidence limits for the ratio of two independent sequences of binomial variates with unequal sample sizes. Due to the nonexistence of an unbiased estimator for the ratio, we develop the procedure based on a modified maximum likelihood estimator (MLE). We generalize the results of Cho and Govindarajulu (2008) by defining the sample-ratio when sample sizes are not equal. In addition, we investigate the large-sample properties of the proposed estimator and its finite sample behavior through numerical studies, and we make comparisons from the sample information view points.

• Journal of the Korean Data and Information Science Society
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• v.10 no.1
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• pp.199-205
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• 1999

This paper discusses the generalized mixed-effects model for the analysis of overdispersed binomial data. Sometimes certain types of sampling designs or genetic characters of experimental units can be regarded as factors of extra binomial variation. For such cases, this paper suggests models with one or two random effects to explain overdispersion caused by those affecting factors and shows how to test for a model adequacy based on deviance.

• Proceedings of the IEEK Conference
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• 2003.11c
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• pp.235-238
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• 2003

본 논문에선 Binomial확률을 이용한 재전송 슬롯 선택방식과 충돌해결과정의 수정을 통하여 CSMA/CA 프로토콜을 항공용 VHF통신에 적합하게 변형시켰다. 일반적으로 CSMA/CA 프로세스는 경쟁 서비스에서 충돌이 일어났을 때 재전송 지연시간만큼 기다리게 되고 경쟁윈도우의 크기가 두 배로 커진다. 이로 인해 부하가 증가하면 지연시간이 커지고 처리량이 감소하며 이를 해결하기 위해 본 논문에선 충돌 플래그를 이용하여 본래의 CW의 크기 변화 과정을 변형시켰으며, CSMA/CA 전체 상태 천이 과정에서 충돌 시의 과정을 좀더 적게 거치도록 하였다. 시뮬레이션을 수행한 결과 부하가 증가하여도 처리량 및 지연 시간에 좋은 특성을 나타내었으며 제안된 프로토콜은 항공용 VHF 통신에 적합함을 확인하였다.

• Journal of the Korean Society of Safety
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• v.27 no.6
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• pp.178-184
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• 2012

This study deals with the traffic accidents by weather condition. The objectives are to comparatively analyze the characteristics, and to develop the models of traffic accidents by weather condition. In pursuing the above, this paper gives particular attentions to testing the differences between two groups, and developing the models(Poisson and negative binomial regression) using the data of domestic circular intersections. The main results are as follows. First, three Poisson models and one negative binomial models which were all statistically significant were developed using the number of accident and EPDO by the clear weather and other as the dependant variables. Second, the differences between two models were comparatively analyzed using the chosen variables. This paper might be expected to give some implications to traffic safety policy-making to reduce and prevent the traffic accidents in circular intersections.