• Title/Summary/Keyword: Data Stability

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Determinants of Sukuk Market Development: Macroeconomic Stability and Institutional Approach

  • BASYARIAH, Nuhbatul;KUSUMA, Hadri;QIZAM, Ibnu
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.201-211
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    • 2021
  • This study aims to analyze the determinants of macroeconomic and institutional stability on the development of the global sukuk market by controlling the effects of population. This study uses panel data namely GDP per-capita, exchange rate, and inflation as the proxies for macroeconomic stability sourced from the World Development Index, and six dimensions of Worldwide Governance Indicators (WGI) as institutional proxies sourced from WGI-World Bank. To make robust the relationship between macroeconomics and institutional on the global sukuk market, the population (POP) variable was included as a control variable. The development of sukuk uses a proxy for sukuk issuance in the International Islamic Financial Market, for the annual period from 2002-2017. The data was analyzed using the General Method of Moment, and the results show that by controlling the population effects that proved to be significant, GDP per-capita and the rule of law have a significant impact on the development of sukuk, especially when incorporating population effects as control variables, whereby further ascertaining the effect of each macroeconomic-stability variable and institutional stability on sukuk development, especially inflation, found not to affect sukuk development. These results also confirm the previous findings, whereby inflation remains controllable at a certain level for economic development.

Interpretability Comparison of Popular Decision Tree Algorithms (대표적인 의사결정나무 알고리즘의 해석력 비교)

  • Hong, Jung-Sik;Hwang, Geun-Seong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.2
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    • pp.15-23
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    • 2021
  • Most of the open-source decision tree algorithms are based on three splitting criteria (Entropy, Gini Index, and Gain Ratio). Therefore, the advantages and disadvantages of these three popular algorithms need to be studied more thoroughly. Comparisons of the three algorithms were mainly performed with respect to the predictive performance. In this work, we conducted a comparative experiment on the splitting criteria of three decision trees, focusing on their interpretability. Depth, homogeneity, coverage, lift, and stability were used as indicators for measuring interpretability. To measure the stability of decision trees, we present a measure of the stability of the root node and the stability of the dominating rules based on a measure of the similarity of trees. Based on 10 data collected from UCI and Kaggle, we compare the interpretability of DT (Decision Tree) algorithms based on three splitting criteria. The results show that the GR (Gain Ratio) branch-based DT algorithm performs well in terms of lift and homogeneity, while the GINI (Gini Index) and ENT (Entropy) branch-based DT algorithms performs well in terms of coverage. With respect to stability, considering both the similarity of the dominating rule or the similarity of the root node, the DT algorithm according to the ENT splitting criterion shows the best results.

Impacts of Bank-Specific and Macroeconomic Risks on Growth and Stability of Islamic and Conventional Banks: An Empirical Analysis from Pakistan

  • REHMAN, Jamshid ur;RASHID, Abdul
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.1-14
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    • 2022
  • The implications of bank-specific risks and macroeconomic risks on the growth, profitability, and stability of Islamic and conventional banks are examined and compared in this article. The study also investigates whether corporate governance mitigates the effects of both bank-specific and macroeconomic risks on Islamic and conventional banks' development, profitability, and stability. For the period 2007-2019, we examined a panel data set of 22 banks in Pakistan, including both Islamic and conventional banks. We discovered considerable evidence that both bank-specific risks and macroeconomic risks have negative effects on the growth, profitability, and stability of Pakistani banks using a dynamic panel data estimator, the two-step Generalized Method of Moments (GMM) approach. Furthermore, the findings show that bank-specific and macroeconomic risks have different consequences in both types of banking. The impacts of liquidity risk, operational risk, capital risk, inflation risk, and exchange rate risk are higher for Islamic banks than for conventional banks. Conventional banks, on the other hand, are more vulnerable to credit risk and interest rate risk. Finally, the findings show that good corporate governance reduces the negative consequences of both categories of risks on bank development, profitability, and stability. This is true for Islamic and conventional banks alike.

A Case Study on Investigation Stability of Cut Slope in Road (국도와 인접한 절토부 사면안전성 대책에 관한 연구)

  • 이승호;임재승;정태영;신희순;이은동
    • Proceedings of the Korean Geotechical Society Conference
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    • 2003.06a
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    • pp.45-52
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    • 2003
  • Construction and extension of road by industrialization are increasing. According to this, construction of large cutting slope is increasing. Therefore, many methods for slope stability by this are applied. Failure happens according to dip and dip direction of slope. It is actuality that is connoting unstable element. This slope include coaly shale. Stability of slope failure this study takes place by road extension running examination for stability property calculate. Use this and examined stability about stereographic projection and wedge failure. Apply suitable reinforcement countermeasure about unstable cutting slope and analyzed stability. Wish to consider effective and robust processing plan of great principle earth and sand side securing stability. Hereafter with these data, is going to utilize in reinforcement and failure prevention.

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An Study on Securing the Stability of Road Sign through Analysis of wind data according to types of measurement (계측 유형별 풍속 데이터 분석을 통한 도로표지의 안정성 확보 방안에 관한 연구)

  • Sung, Hongki;Chong, Kyusoo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.2
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    • pp.77-84
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    • 2017
  • Recently, interest in safety has been increasing in every area, especially in the field of transportation. The accurate evaluation of the stability of road facilities is needed to improve the level of safety in the field of transportation and the application of new technologies is required to reduce the number of natural disasters. In this study, the wind data were compared and analyzed according to the type of measurement, and an evaluation of the stability of road signs using the wind data was conducted. In addition, a stability plan to secure road signs was elaborated and its effect on the wind load was analyzed. It was found that the wind data measured by a mobile atmospheric observing system (MAOS) was 2.43 times bigger than that measured by the Korea meteorological administration (KMA) and road weather information system (RWIS). In terms of their stability, the road signs were susceptible to failure caused by gusty winds and it was found necessary to ensure their stability. In the future, it will be possible to evaluate the stability of road facilities using road line weather data and the application of wind load reduction technologies is expected to improve road safety.

Sampled-data Fuzzy Control for Nonlinear Neutral Systems (샘플치 퍼지 제어기 설계를 이용한 비선형 뉴트럴 시스템 제어기 설계)

  • Song, Min-Kook;Joo, Young-Hoon;Park, Jin-Bae
    • Proceedings of the KIEE Conference
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    • 2008.04a
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    • pp.195-196
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    • 2008
  • This paper presents the stability analysis and design for a sampled-data fuzzy control system with neutral type of time delay. The sampling activity and neutral type of time delay will complicate the nonlinear system dynamics. And it make the stability analysis much more difficult than that for a continuous-time fuzzy control system. Based on the fuzzy control approach, linear matrix inequality (LMI)-based stability conditions are derived to guarantee the neutral T-S fuzzy system stability. Finally, an example is provided to illustrate the effectiveness of the proposed approach.

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Estimation of the Stability Number of Breakwater Armor Blocks Using Probabilistic Neural Networks (확률신경망을 이용한 방파제 피복재 설계)

  • Kim, Doo-Kie;Kim, Dong-Hyawn;Chang, Seong-Kyu;Chang, Sang-Kil
    • Journal of Ocean Engineering and Technology
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    • v.20 no.5 s.72
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    • pp.70-76
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    • 2006
  • A Probabilistic neural network (PNN) technique for predicting the stability number for the armor blocks of breakwaters is presented. A PNN is prepared using the experimental data of van der Meer and is then compared with the empirical formula and previous artificial neural network (ANN) model. This comparison shows that a PNN can effectively predict the stability numbers in spite of data complexity, incompleteness, and incoherence, and can be an effective tool for the designers of rubble mound breakwaters to support their decision process and to improve design efficiency.

Study on the Development of Load Shedding Scheme for Improving Voltage Stability of Seoul Metropolitan Area using Synchro-phasor Data (Synchro-Phasor 데이터를 이용한 수도권 전압 안정화 제어 스킴 개발에 관한 연구)

  • Shin, Jeong-Hoon;Nam, Su-Chul;Baek, Seung-Mook;Lee, Jae-Gul;Moon, Seung-Pil;Kim, Tae-Kyun
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.9
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    • pp.1530-1539
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    • 2010
  • Recent technology advancement related to computer & communication and measuring devices allows system operators to adopt more intelligent monitoring and control systems to their power systems in order to prevent massive system blackout. Among them, wide-area monitoring and control(WAMAC) system based on synchro-phasor technology has been widely applied to power systems for their own purposes. In this paper, the study on the development of load shedding scheme to improve voltage stability in KEPCO system is introduced. Summary of WAMAC technology being developed and applied in the world through extensive literature survey is proposed. And methodology to develop voltage stability index and multi-step load shedding scheme based on synchro-phasor data is also presented.

Numerical Analysis Considering Rainfall Infiltration For the Railroad adjacent Slopes (강우침투를 고려한 철도 연변사면의 안정성 해석)

  • Kim, Min-Seok;SaGong, Myung;Kim, Soo-Sam
    • Proceedings of the Korean Geotechical Society Conference
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    • 2006.03a
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    • pp.687-696
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    • 2006
  • Slope failure triggered by rainfall produces severe effects on the serviceability and stability of railway. Therefore slope stability problem is one of the major concerns on the operation of railway. In this study we collected rainfall data when and where slope failures were observed. The collected data show that the range of cumulative rainfall is from 150 to 500mm and the rainfall duration is about 3 to 24 hours. By using the collected rainfall information, slope stability analysis considering infiltration was carried. The analyses employs multiple sliding surfaces to find the minimal factor of safety in the infinite slope condition. This approach show more reasonable results than the results from analysis following the design code which assumes that groundwater level and the slope surface are equal.

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Exponential Stability of th PDAF with a Modified Riccati Equation a Cluttered Environment

  • Kim, Young-Shik;Hong, Keum-Shik
    • Transactions on Control, Automation and Systems Engineering
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    • v.2 no.4
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    • pp.235-243
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    • 2000
  • The probabilistic data association filter(PDAF) is known to provide better tracking performance than the standard Kalman filter(KF) in a cluttered environment. In this paper, the stability of the PDAF of Fortmann et al[7], in the presence of uncertainties with regard to the origin of measurement, is investigated. The modified Riccati equation derived by approximating two random terms with their expectations is used to prove the stability of the PDAF. A new Lyapunov function based approach, which is different from the quantitative evaluation of Li and Bar-Shalom[7], is pursued. With the assumption that the system and observation noises are bounded, specific tracking error bounds are established.

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