• Asia Marketing Journal
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• v.17 no.4
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• pp.89-104
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• 2016

Based on the observation that insurance companies in Korea, unlike those in other financial sectors and those in other countries, dominantly use the agent-based push-type marketing strategy, this paper hypothesizes that difference in distribution systems originating from characteristics of financial products can lead to welfare asymmetry between financial institutions and customers, merely due to their financial matching. For this analysis, we employ a simple matching theoretic model, try to understand the welfare implications of distribution systems from a matching theoretic perspective, and analyze the bottom of negative perceptions of insurance industry. The proposed model suggests that this welfare asymmetry derives mainly from financial matching through the distribution systems, which implies that any efforts to improve the insurance industry must consider changes in the matching process, namely the distribution system. We hope that this paper complements and extends the existing literature on insurance distribution systems in terms of methodologies and research subjects.

• Proceedings of the Korea Water Resources Association Conference
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• 2023.05a
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• pp.174-174
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• 2023

The impact of global warming on the south Asian summer monsoon is of critical importance for the large population of this region. This study aims to investigate the future changes of the precipitation extremes during pre-monsoon and monsoon, across this region in a more organized regional structure. The study area is divided into six major divisions based on the Köppen-Geiger's climate structure and 10 sub-divisions considering the geographical locations. The future changes of extreme precipitation indices are analyzed for each zone separately using five indices from ETCCDI (Expert Team on Climate Change Detection and Indices); R10mm, Rx1day, Rx5day, R95pTOT and PRCPTOT. 10 global climate model (GCM) outputs from the latest CMIP6 under four combinations of SSP-RCP scenarios (SSP1-2.6, SSP2-4.5, SSP3-7.0, and SSP5-8.5) are used. The GCMs are bias corrected using nonparametric quantile transformation based on the smoothing spline method. The future period is divided into near future (2031-2065) and far future (2066-2100) and then the changes are compared based on the historical period (1980-2014). The analysis is carried out separately for pre-monsoon (March, April, May) and monsoon (June, July, August, September). The methodology used to compare the changes is probability distribution functions (PDF). Kernel density estimation is used to plot the PDFs. For this study we did not use a multi-model ensemble output and the changes in each extreme precipitation index are analyzed GCM wise. From the results it can be observed that the performance of the GCMs vary depending on the sub-zone as well as on the precipitation index. Final conclusions are made by removing the poor performing GCMs and by analyzing the overall changes in the PDFs of the remaining GCMs.

• Journal of the Korean Statistical Society
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• v.22 no.2
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• pp.235-247
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• 1993

The predictive density function of a potential future observation and its first four moments are obtained in this paper to study the effects of a non-normal prior of the unknown mean of a normal population. The derived predictive density function is modified to study changes in utility curves, used to choose the optimum treatment from a given set of treatments, at a given level of stimulus due to slight deviations from normality of the prior distribution. Numerical illustrations are provided to exhibit some effectsl.

• Journal of the Korean Data and Information Science Society
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• v.13 no.2
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• pp.295-305
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• 2002

We shall propose several estimators for the shape and scale parameters in a generalized uniform distribution when both parameters are polynomial of a known exposure level, and obtain expectations and variances for their proposed estimators. And we shall compare numerically efficiencies for the several proposed estimators for the shape and scale parameters in a generalized uniform distribution in the small sample sizes.

• Journal of the Korean Mathematical Society
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• v.32 no.1
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• pp.77-84
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• 1995

Many authors have utilized an exponential distribution because of its wide applicability in reliability engineering and statistical inferences (see Bain & Engelhart(1987) and Saunders & Mann(1985)). Here we are considering the parametric estimation in an exponential distribution when its scale and location parametes are linear functions of a known exposure level t, which often occurs in the engineering and physical phenomena.

• Journal of the Korean Data and Information Science Society
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• v.18 no.2
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• pp.289-300
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• 2007

The stock return is changed by factors of inside and outside or is changed by factor of market system. But most studies have not considered the changes of stock return distribution when estimate the VaR. Such study may lead us to wrong conclusion. In this paper we calculate the VaR of price-to-earnings ratios by the distribution that have considered the change point and used transformation to satisfy normal distribution.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.24 no.65
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• pp.81-88
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• 2001

In logistics decision making, Key elements in the design of any physical distribution are the location of depots and the distribution of goods from the depots to the customers. Considering open and close the depots, This paper presents a flexible analysis on the combined location-routing problem(LRP) the case for variation capacity of vehicle and customers demands each. The scenario examples are given the use of heuristic(Saving-Drop) in LRP types. The results is useful in apply to the logistics environment changes.

• Journal of the Korean Association of Geographic Information Studies
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• v.2 no.3
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• pp.46-59
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• 1999

Remote sensing provides informations on the changes of the hydrological states and variables over with the temporal and spatial distribution to monitor hydrological conditions and changes for large area. Especially, it can extract a spatial distribution of hydrological parameters such as surface albedo, vegetation informations, and surface temperature to effectively manage water resources of the watershed. In this study, we analyzed the characteristic of temporal and spatial changes in surface hydrological parameters which is necessary to identify the spatial distribution of water resources. 5 Landsat TM data of 1995 which is collected for Bochong-chon watershed, located in the upper stream of Keum River, were used to estimate characteristics on the change of hydrological parameters and atmospheric correction was carried out using COST model. The study showed that the difference of the albedo by the land cover was very sensitive depending upon the change of sun elevation and the amount of water in the soil. The difference between the surface temperature analysis and the measured air temperature was from $2.5^{\circ}C$ to $3.86^{\circ}C$.

• Journal of Coastal Disaster Prevention
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• v.4 no.3
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• pp.119-131
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• 2017

Global warming under the influence of climate change and its direct impact on glacial and sea level are known issue. However, there is a lack of research on an indirect impact of climate change such as coastal structure design which is mainly based on a frequency analysis of water level under the stationary assumption, meaning that maximum sea level will not vary significantly over time. In general, stationary assumption does not hold and may not be valid under a changing climate. Therefore, this study aims to develop a novel approach to explore possible distributional changes in annual maximum sea levels (AMSLs) and provide the estimate of design water level for coastal structures using a multiple non-crossing quantile regression based nonstationary frequency analysis within a Bayesian framework. In this study, 20 tide gauge stations, where more than 30 years of hourly records are available, are considered. First, the possible distributional changes in the AMSLs are explored, focusing on the change in the scale and location parameter of the probability distributions. The most of the AMSLs are found to be upward-convergent/divergent pattern in the distribution, and the significance test on distributional changes is then performed. In this study, we confirm that a stationary assumption under the current climate characteristic may lead to underestimation of the design sea level, which results in increase in the failure risk in coastal structures. A detailed discussion on the role of the distribution changes for design water level is provided.

• Journal of the Korean Geographical Society
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• v.51 no.4
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• pp.525-539
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• 2016

This study attempts to predict the changes in the spatial distribution of occupational employment in Korea by applying Markov Chain Model. For the purpose we analyze the job-related migration pattern and estimate the transition probability with the last six years job-related migration data. By applying the Chapman-Kolmogorov equation based on the transition probability, we predict the changes in the spatial distribution of occupational employment for the next ten years. The result reveals that the employment of professional jobs is predicted to increase at every city and region except Seoul, while the employment of elementary labor jobs is predicted to increase slightly in Seoul. In particular, Gangwon-do and Chuncheongdo are predicted to increase in the employment of all occupational jobs.