• Title/Summary/Keyword: Constraints

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THE EFFECT OF INFLATION RISK AND SUBSISTENCE CONSTRAINTS ON PORTFOLIO CHOICE

  • Lim, Byung Hwa
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • v.17 no.2
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    • pp.115-128
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    • 2013
  • The optimal portfolio selection problem under inflation risk and subsistence constraints is considered. There are index bonds to invest in financial market and it helps to hedge the inflation risk. By applying the martingale method, the optimal consumption rate and the optimal portfolios are obtained explicitly. Furthermore, the quantitative effect of inflation risk and subsistence constraints on the optimal polices are also described.

Constraints and Type Hierarchies for Korean Serial Verb Constructions - An Analytic Study within the HPSG Framework -

  • Song, Sang-Houn
    • Proceedings of the Korean Society for Language and Information Conference
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    • 2007.11a
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    • pp.440-449
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    • 2007
  • This paper provides a fine-grained analysis of Korean serial verb constructions within the HPSG framework, and covers major descriptive characteristics of the phenomena. This paper discusses constraints on serial verb constructions in terms of four aspects; transitivity, argument structure, semantic properties, and complementizers. As a result, 17 constraints have been built, which support the type hierarchies for Korean serial verb constructions. This paper also presents a sample derivation on the basis of on the constraints and the type hierarchies.

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Degree of Borrowing Constraints and Optimal Consumption and Investment under a General Utility Function (일반적 효용함수 하에서 대출제약의 정도와 최적 소비 및 투자)

  • Shim, Gyoocheol
    • Korean Management Science Review
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    • v.33 no.1
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    • pp.77-87
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    • 2016
  • I study optimal consumption and investment choices of an infinitely-lived economic agent with a general time-separable von Neumann-Morgenstern utility under general borrowing constraints against future labor income. An explicit solution is provided by the dynamic programming method. It is shown that the optimal consumption and risky investment decrease as the borrowing constraints become stronger.

An IMM Approach for Tracking a Maneuvering Target with Kinematic Constraints Based on the Square Root Information Filter

  • Kim, Kyung-Youn;Kim, Joong-Soo
    • Journal of Electrical Engineering and information Science
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    • v.1 no.2
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    • pp.39-44
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    • 1996
  • An efficient interacting multiple mode(IMM) approach for tracking a maneuvering target with kinematic constraints is described based on the square root information filter(SRIF). The SRIF is employed instead of the conventional Kalman filter since it exhibits more efficient features in handling the kinematic constraints and improved numerical characteristics. The kinematic constraints are considered in the filtering process as pseudomeasurements where the degree of uncertainty is represented by the magnitude of the pseudomeasurement noise variance. The Monte Carlo simulations for the constant speed, maneuvering target are provided to demonstrate the improved tracking performance of the proposed algorithm.

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Relationship between Leisure Constraints, Participation in Sports for All and Subjective Happiness among Private Guards (민간경비원의 여가제약과 생활체육 참가 및 주관적 행복감의 관계)

  • Kim, Kyong-Sik;Kim, Pyung-Su;Kim, Chan-Sun
    • The Journal of the Korea Contents Association
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    • v.7 no.12
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    • pp.167-178
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    • 2007
  • This study is to examine the relationship between leisure constraints, participation in Sports for All and subjective happiness among private guards. To attain the goal of the study described above paragraphs, private guards held in Seoul were set as a collected group. Then, using cluster random sampling method, finally drewout and analyzed 193 peoples in total. The result of reliability analysis check up was here below; Chronbach's ${\alpha}=\;.725$. The conclusion drawn from this study is as follows: First, leisure constraints influences on the participation experience in Sports for All. Second, leisure constraints influences on the participation degree in Sports for All. The increase of leisure constraints in peripheral aspects results in the decrease of participation term of Sports for All. And the increase of leisure constraints in individual, peripheral aspects results in of participation intensity in Sports for All. Third, leisure constraints influences on subjective happiness. Fourth, leisure constraints results in the retributive effect on participation in Sports for All and subjective happiness. Namely, leisure constraints results in the indirect effect on subjective happiness through the participation in Sports for All is an important variable intermediating the relationship between leisure constraints and subjective happiness.

A Study on the Dose Constraints for Occupational Exposure: Focusing on Expert Opinions by Field of Ridiation Industry (직무피폭의 선량제약치에 관한 연구: 분야별 전문가 의견 중심으로)

  • Il Park;Chan Hee Park;Kyu Hwan Jung;Chan Ho Park;Yong Geon Kim;Tae Jin Park
    • Journal of Radiation Industry
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    • v.17 no.1
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    • pp.61-67
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    • 2023
  • A Study on the Introduction of Dose Constraints for Occupational Exposures: Focusing on Experts' Opinions by Field of Radiation Industry. The International Commission on Radiological Protection suggests Justification, Optimization, and Dose Limits as the three principles of radiological protection, among which, as a means of protection optimization, ICRP 103 recommends to set dose constraints. In this study, opinions are collected from experts in each category of radiation industries for stakeholder participation to qualify dose constraints. A guidance and questionnaire for analyzing the dose constraints have been developed for their collection, and opinions were collected from radiation protection experts in selected categories. 20 out of 22 experts, consisted with 91%, have assessed the dose constraints setting is necessary, and 2 experts, consisted with 9%, assessed it is unnecessary. The average of dose constraint presented by experts for RI production institutions is to be the highest level of 15.3 mSv, and light-water reactors (14.6 mSv), non-destructive inspection (14.4 mSv), heavy-water reactor and medical institutes (13.9mSv) is to be above the overall average dose constraint. In case of public institutions, the average dose constraint is to be 8.6mSv, and research institutions (8.8mSv), educational institutions (9.6 mSv), waste disposal sites (9.7 mSv), and general industries (10.6 mSv) are resulted to below the overall average dose constraint. As for the means of setting dose constraints, 8 experts out of 22 suggested setting dose constraints for each specific industry or task. And, 5 experts especially suggest setting dose constraints for the specific groups with relatively high exposure, such as workers with above the record levels. As a countermeasure for workers who exceed the dose constraints, 15 experts out of 22 expressed that the cause analyses for them and preparation for a plan of reducing them are necessary.

Finding Alternative Routes in Inter Modal Transit Networks Considering Constraints (제약조건을 고려한 통합대중교통망의 대안경로탐색)

  • Lee Mee-Young;Baek Nam-Chul
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.4 no.1 s.6
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    • pp.1-13
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    • 2005
  • For integrated transit networks operated with diverse transit modes, it is difficult to find related literatures on the provision of multiple travel time routes information. This study proposes a methodology on how to select K number of least time transit routes in the integrated transit network with two modes, bus and subway. In the Proposed method, three constraints usually (will be) encountered for decision by users-(1) service time constraints of travel modes, (2) maximum payment fare constraints under the integrated distance based fare system, and (3) maximum number of transfer constraints - are taken into consideration in the searched routes. The experimental studies shows that the proposed method properly provides K number of least time routes. In addition, it somehow proves that by combinatorially considering three constraints the proposed method can be evaluated as to enlarge the quality as well as the diversity of route information demanded by users.

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PORTFOLIO SELECTION WITH NONNEGATIVE WEALTH CONSTRAINTS: A DYNAMIC PROGRAMMING APPROACH

  • Shin, Yong Hyun
    • Journal of the Chungcheong Mathematical Society
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    • v.27 no.1
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    • pp.145-149
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    • 2014
  • I consider the optimal consumption and portfolio selection problem with nonnegative wealth constraints using the dynamic programming approach. I use the constant relative risk aversion (CRRA) utility function and disutility to derive the closed-form solutions.

PRE-GALACTIC CONSTRAINTS ON THE GALACTIC EVOLUTION

  • Hyun, J.J.
    • Journal of The Korean Astronomical Society
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    • v.14 no.2
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    • pp.51-54
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    • 1981
  • The characteristic size and mass of galaxies as pre-galactic constraints on the Galactic evolution are reviewed and the general constraints for their existence in gravitationally bound systems are examined. Implications on the self-similar gravitational clustering are also discussed.

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