• Title/Summary/Keyword: Distress Prediction Model

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Development of Pavement Distress Prediction Models Using DataPave Program (DataPave 프로그램을 이용한 포장파손예측모델개발)

  • Jin, Myung-Sub;Yoon, Seok-Joon
    • International Journal of Highway Engineering
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    • v.4 no.2 s.12
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    • pp.9-18
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    • 2002
  • The main distresses that influence pavement performance are rutting, fatigue cracking, and longitudinal roughness. Thus, it is important to analyze the factors that affect these three distresses, and to develop prediction models. In this paper, three distress prediction models were developed using DataPave program which stores data from a wide variety of pavement sections In the United States. Also, sensitivity studies were conducted to evaluate how the input variables impact on the distresses. The result of sensitivity study for the prediction model of rutting showed that asphalt content, air void, and optimum moisture content of subgrade were the major factors that affect rutting. The output of sensitivity study for the prediction model of fatigue cracking revealed that asphalt consistency, asphalt content, and air void were the most influential variables. The prediction model of longitudinal roughness indicated asphalt consistency, #200 passing percent of subgrade aggregate, and asphalt content were the factors that affect longitudinal roughness.

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Estimation and Prediction of Financial Distress: Non-Financial Firms in Bursa Malaysia

  • HIONG, Hii King;JALIL, Muhammad Farhan;SENG, Andrew Tiong Hock
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.1-12
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    • 2021
  • Altman's Z-score is used to measure a company's financial health and to predict the probability that a company will collapse within 2 years. It is proven to be very accurate to forecast bankruptcy in a wide variety of contexts and markets. The goal of this study is to use Altman's Z-score model to forecast insolvency in non-financial publicly traded enterprises. Non-financial firms are a significant industry in Malaysia, and current trends of consolidation and long-term government subsidies make assessing the financial health of such businesses critical not just for the owners, but also for other stakeholders. The sample of this study includes 84 listed companies in the Kuala Lumpur Stock Exchange. Of the 84 companies, 52 are considered high risk, and 32 are considered low-risk companies. Secondary data for the analysis was gathered from chosen companies' financial reports. The findings of this study show that the Altman model may be used to forecast a company's financial collapse. It dispelled any reservations about the model's legitimacy and the utility of applying it to predict the likelihood of bankruptcy in a company. The findings of this study have significant consequences for investors, creditors, and corporate management. Portfolio managers may make better selections by not investing in companies that have proved to be in danger of failing if they understand the variables that contribute to corporate distress.

Research on Financial Distress Prediction Model of Chinese Cultural Industry Enterprises Based on Machine Learning and Traditional Statistical (전통적인 통계와 기계학습 기반 중국 문화산업 기업의 재무적 곤경 예측모형 연구)

  • Yuan, Tao;Wang, Kun;Luan, Xi;Bae, Ki-Hyung
    • The Journal of the Korea Contents Association
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    • v.22 no.2
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    • pp.545-558
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    • 2022
  • The purpose of this study is to explore a prediction model for accurately predicting Financial Difficulties of Chinese Cultural Industry Enterprises through Traditional Statistics and Machine Learning. To construct the prediction model, the data of 128 listed Cultural Industry Enterprises in China are used. On the basis of data groups composed of 25 explanatory variables, prediction models using Traditional Statistical such as Discriminant Analysis and logistic as well as Machine Learning such as SVM, Decision Tree and Random Forest were constructed, and Python software was used to evaluate the performance of each model. The results show that the Random Forest model has the best prediction performance, with an accuracy of 95%. The SVM model was followed with 93% accuracy. The Decision Tree model was followed with 92% accuracy.The Discriminant Analysis model was followed with 89% accuracy. The model with the lowest prediction effect was the Logistic model with an accuracy of 88%. This shows that Machine Learning model can achieve better prediction effect than Traditional Statistical model when predicting financial distress of Chinese cultural industry enterprises.

Inner and Outer Resources of Coping in Newly Diagnosed Breast Cancer Patients : Attachment Security and Social Support

  • Woo, Jungmin;Rim, Hyo-Deog
    • Korean Journal of Biological Psychiatry
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    • v.21 no.4
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    • pp.141-150
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    • 2014
  • Objectives The purpose of this study is to evaluate the effects of attachment security, social support and health-related burden in the prediction of psychological distress and the mediation effects of social support and health-related burden in relationship between attachment security and psychological distress. Methods Finally, 161 patients were included for the analysis. Chi-square test and independent samples t-test were used for comparing differences between depressive/anxious group and non-depressive/non-anxious group. For evaluating the relationship among attachment security, social support, psychological distress and health-related burden, structural equation modeling analysis were performed. Results 40.7% and 32.0% of the patients have significant depressive symptoms and anxiety symptoms, respectively. In the analysis for testing the differences between groups who have psychological distress and who have not, there were no significant differences of sociodemographic factors and medical characteristics between groups, except for association between depressive symptoms and type of surgery (p = 0.01). Contrary to sociodemographic and medical characteristics, there were significant differences of health-related burden and two coping resources (attachment security and social support) between groups (all p < 0.01), except for the support from medical team in between anxious group and non-anxious group (p = 0.20). In the structural equation model analysis (Model fit : chi-square/df ratio = 0.8, root mean square error of approximation = 0.000, comparative fit index = 1.000, non-normed fit index =0.991), attachment security and social support emerged as an important predictor of psychopathology. Conclusions Attachment security and social support are important factors affecting the psychological distress. We suggest that individual attachment style and the social support state must be considered to approach the newly diagnosed breast cancer patients with psychological distress.

Development of HPCI Prediction Model for Concrete Pavement Using Expressway PMS Database (고속도로 PMS D/B를 활용한 콘크리트 포장 상태지수(HPCI) 예측모델 개발 연구)

  • Suh, Young-Chan;Kwon, Sang-Hyun;Jung, Dong-Hyuk;Jeong, Jin-Hoon;Kang, Min-Soo
    • International Journal of Highway Engineering
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    • v.19 no.6
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    • pp.83-95
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    • 2017
  • PURPOSES : The purpose of this study is to develop a regression model to predict the International Roughness Index(IRI) and Surface Distress(SD) for the estimation of HPCI using Expressway Pavement Management System(PMS). METHODS : To develop an HPCI prediction model, prediction models of IRI and SD were developed in advance. The independent variables considered in the models were pavement age, Annual Average Daily Traffic Volume(AADT), the amount of deicing salt used, the severity of Alkali Silica Reaction(ASR), average temperature, annual temperature difference, number of days of precipitation, number of days of snowfall, number of days below zero temperature, and so on. RESULTS : The present IRI, age, AADT, annual temperature differential, number of days of precipitation and ASR severity were chosen as independent variables for the IRI prediction model. In addition, the present IRI, present SD, amount of deicing chemical used, and annual temperature differential were chosen as independent variables for the SD prediction model. CONCLUSIONS : The models for predicting IRI and SD were developed. The predicted HPCI can be calculated from the HPCI equation using the predicted IRI and SD.

Prediction of drowning person's route using machine learning for meteorological information of maritime observation buoy

  • Han, Jung-Wook;Moon, Ho-Seok
    • Journal of the Korea Society of Computer and Information
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    • v.27 no.3
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    • pp.1-12
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    • 2022
  • In the event of a maritime distress accident, rapid search and rescue operations using rescue assets are very important to ensure the safety and life of drowning person's at sea. In this paper, we analyzed the surface layer current in the northwest sea area of Ulleungdo by applying machine learning such as multiple linear regression, decision tree, support vector machine, vector autoregression, and LSTM to the meteorological information collected from the maritime observation buoy. And we predicted the drowning person's route at sea based on the predicted current direction and speed information by constructing each prediction model. Comparing the various machine learning models applied in this paper through the performance evaluation measures of MAE and RMSE, the LSTM model is the best. In addition, LSTM model showed superior performance compared to the other models in the view of the difference distance between the actual and predicted movement point of drowning person.

Development of the Permanent Deformation Prediction Model of 19mm Dense Grade Asphalt Mixtures (19mm 밀입도 아스팔트 혼합물의 소성변형 예측 모델 개발)

  • Park, Hee-Mun;Choi, Ji-Young;Park, Seong-Wan
    • International Journal of Highway Engineering
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    • v.7 no.4 s.26
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    • pp.1-8
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    • 2005
  • Permanent Deformation is one of the most important load-related pavement distresses in asphalt pavements. The Korean Pavement Design Guide currently being developed adopted the mechanistic-empirical approach and needed the pavement distress prediction models. This study intends to develop the model for prediction of permanent deformation in the asphalt layer and estimate the pavement performance. The objectives of this paper are to figure out the factors affecting the permanent deformation and then develop the permanent deformation prediction model for asphalt mixtures. The repeated triaxial load test was Performed on the 19mm dense graded asphalt mixture with variation of temperature and air void. Results from the laboratory tests showed that temperature and air void in asphalt mixtures have significantly influenced on the factors in prediction model. The permanent deformation prediction model for 19m dense grade asphalt mixtures has been developed using the multiple regression approach and validated the proposed permanent deformation prediction model.

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The Prediction of Export Credit Guarantee Accident using Machine Learning (기계학습을 이용한 수출신용보증 사고예측)

  • Cho, Jaeyoung;Joo, Jihwan;Han, Ingoo
    • Journal of Intelligence and Information Systems
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    • v.27 no.1
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    • pp.83-102
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    • 2021
  • The government recently announced various policies for developing big-data and artificial intelligence fields to provide a great opportunity to the public with respect to disclosure of high-quality data within public institutions. KSURE(Korea Trade Insurance Corporation) is a major public institution for financial policy in Korea, and thus the company is strongly committed to backing export companies with various systems. Nevertheless, there are still fewer cases of realized business model based on big-data analyses. In this situation, this paper aims to develop a new business model which can be applied to an ex-ante prediction for the likelihood of the insurance accident of credit guarantee. We utilize internal data from KSURE which supports export companies in Korea and apply machine learning models. Then, we conduct performance comparison among the predictive models including Logistic Regression, Random Forest, XGBoost, LightGBM, and DNN(Deep Neural Network). For decades, many researchers have tried to find better models which can help to predict bankruptcy since the ex-ante prediction is crucial for corporate managers, investors, creditors, and other stakeholders. The development of the prediction for financial distress or bankruptcy was originated from Smith(1930), Fitzpatrick(1932), or Merwin(1942). One of the most famous models is the Altman's Z-score model(Altman, 1968) which was based on the multiple discriminant analysis. This model is widely used in both research and practice by this time. The author suggests the score model that utilizes five key financial ratios to predict the probability of bankruptcy in the next two years. Ohlson(1980) introduces logit model to complement some limitations of previous models. Furthermore, Elmer and Borowski(1988) develop and examine a rule-based, automated system which conducts the financial analysis of savings and loans. Since the 1980s, researchers in Korea have started to examine analyses on the prediction of financial distress or bankruptcy. Kim(1987) analyzes financial ratios and develops the prediction model. Also, Han et al.(1995, 1996, 1997, 2003, 2005, 2006) construct the prediction model using various techniques including artificial neural network. Yang(1996) introduces multiple discriminant analysis and logit model. Besides, Kim and Kim(2001) utilize artificial neural network techniques for ex-ante prediction of insolvent enterprises. After that, many scholars have been trying to predict financial distress or bankruptcy more precisely based on diverse models such as Random Forest or SVM. One major distinction of our research from the previous research is that we focus on examining the predicted probability of default for each sample case, not only on investigating the classification accuracy of each model for the entire sample. Most predictive models in this paper show that the level of the accuracy of classification is about 70% based on the entire sample. To be specific, LightGBM model shows the highest accuracy of 71.1% and Logit model indicates the lowest accuracy of 69%. However, we confirm that there are open to multiple interpretations. In the context of the business, we have to put more emphasis on efforts to minimize type 2 error which causes more harmful operating losses for the guaranty company. Thus, we also compare the classification accuracy by splitting predicted probability of the default into ten equal intervals. When we examine the classification accuracy for each interval, Logit model has the highest accuracy of 100% for 0~10% of the predicted probability of the default, however, Logit model has a relatively lower accuracy of 61.5% for 90~100% of the predicted probability of the default. On the other hand, Random Forest, XGBoost, LightGBM, and DNN indicate more desirable results since they indicate a higher level of accuracy for both 0~10% and 90~100% of the predicted probability of the default but have a lower level of accuracy around 50% of the predicted probability of the default. When it comes to the distribution of samples for each predicted probability of the default, both LightGBM and XGBoost models have a relatively large number of samples for both 0~10% and 90~100% of the predicted probability of the default. Although Random Forest model has an advantage with regard to the perspective of classification accuracy with small number of cases, LightGBM or XGBoost could become a more desirable model since they classify large number of cases into the two extreme intervals of the predicted probability of the default, even allowing for their relatively low classification accuracy. Considering the importance of type 2 error and total prediction accuracy, XGBoost and DNN show superior performance. Next, Random Forest and LightGBM show good results, but logistic regression shows the worst performance. However, each predictive model has a comparative advantage in terms of various evaluation standards. For instance, Random Forest model shows almost 100% accuracy for samples which are expected to have a high level of the probability of default. Collectively, we can construct more comprehensive ensemble models which contain multiple classification machine learning models and conduct majority voting for maximizing its overall performance.

A Study on Development of Pavement Management System for Cement Concrete Pavement (시멘트콘크리트포장의 유지관리체계(PMS)에 관한 연구)

  • 엄주용;김남호;임승욱
    • Proceedings of the Korea Concrete Institute Conference
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    • 1996.04a
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    • pp.363-369
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    • 1996
  • PMS(Pavement Management System) is the effective and efficient decision making system to provide pavements in an acceptable condition at the lowest life-cycle cost. As the highway system become larger, the necessity of the PMS in increasing. As of December 1995, the 3rd stage of PMS project was completed. The accomplishment of the research work can be itemized to the followings : $\bullet$ Calibration of PMS submodules (1) Pavement Condition Evaluation Model (2) Pavement Distress Prediction Model (3) Pavement Performance Prediction Mode (4) Selection of Pavement Rehabilitation Criteria (5) Optimization Technique for PMS Economic Analysis $\bullet$ Development of Computer Program to Implement PMS Logic $\bullet$ A Study to Implement the Automized Pavement Condition Survey Equipment to PMS $\bullet$ PMS Test Run $\bullet$ Development of PMS Operation Guideline $\bullet$ The 2nd Pavement Condition Survey for Long-Term Pavement Performance Monitoring.

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Development of Asphalt Concrete Rutting Model by Triaxial Compression Test (삼축압축시험을 이용한 아스팔트 혼합물의 소성변형 파손모형 개발)

  • Lee, Kwan-Ho;Hyun, Seong-Cheol
    • Journal of the Korean Society of Hazard Mitigation
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    • v.9 no.1
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    • pp.57-64
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    • 2009
  • This study intends to evaluate of the characteristics of pavement deformation and develop the model for prediction model in the asphalt layer using a regression analysis. In test, there are two different asphalt binders and 5 different aggregate types. The air voids of hot mix asphalt are 6% and 10% for target value. Repeated triaxial compression test with 3 different confining pressures was used for test at 3 different test temperatures. It is going to verify the main parameters for permanent deformation of HMA and to develop the distress model. This paper is to figure out the factor affecting the pavement deformation, and then to develop model the pavement deformation for asphalt mixture. Also, the reliability of prediction model has been studied. The permanent deformation prediction model for asphalt mixtures with temperature, loading time, and air voids has been developed and the proposed permanent deformation prediction model has been validated by using the multiple regression approach which is called Statistical Package for the Social Sciences(SPSS).