• Management & Information Systems Review
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• v.38 no.4
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• pp.79-93
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• 2019

This study analyzed the information effect of KOSPI200 market and KOSPI200 futures market and volume synchronized probability of informed trading (VPIN). The data period is 760 days from July 8, 2015 to August 9, 2018, and the intraday trading data is used based on the trading period of the KOSPI 200 Index. The findings of the empirical analysis are as follows. First, as a result of regression analysis of the same parallax, when the level of VPIN is high, the return and volatility of KOSPI200 are high. Second, the KOSPI200 returns before and after the VPIN measurement and the return of the KOSPI200 future had a positive relationship with the VPIN. The cumulative returns of KOSPI200 futures were positive for about 15 minutes.Finally, we find that portfolios with high levels of VPIN showed high KOSPI200 and KOSPI200 futures return. These results confirmed the applicability of VPIN as a trading strategy index. The above results suggest that KOSPI200 and KOSPI200 futures markets will be able to explore volatility and price changes, and also be useful indicators of financial market risk.

• Journal of Korea Water Resources Association
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• v.35 no.6
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• pp.715-727
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• 2002

The travel time of a flood through a river reach can be estimated by dividing the river length by the mean velocity with which the flood passes downstream. It is closely related to storage constant for the watershed routing of a flood. There are so many empirical formulas available for the estimation of travel time but the results computed generally show great different depending on individual formulas. In the present study, the mean velocity data computed in the process of water surface profile computation for a probability flood through more than 100 different river reaches were collected along with the mean river bed slope of each river reach. And then, a regression analysis is made between the mean river bed slope and the mean velocity, which showed a wide scatter along the mean regression curve, which appears to be due to the different in the magnitude of probability rainfall and size of watershed area. Therefore, methods have been developed to remove the effect of these factors and generalized empirical equation is proposed to relate the mean velocity to mean river bed slope of a reach. Hence, if the mean river bed slope of a river reach is estimated from the longitudinal river profile, the mean velocity can be computed by the generalized equation along with the probability rainfall and watershed area of the river reach under consideration, which leads to the estimation of travel time through a river reach.

• Journal of Integrative Natural Science
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• v.7 no.3
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• pp.208-213
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• 2014

National-wide and/or large scale sample surveys generally use complex sample design. Traditional Pearson chi-square test is not appropriate for the categorical complex sample data. Rao-Scott suggested an adjustment method for Pearson chi-square test, which uses the average of eigenvalues of design matrix of cell probabilities. This study is to compare the efficiency of Rao-Scott first order adjusted test to Wald test for homogeneity between two populations using 2009 Gyeongnam regional education offices's customer satisfaction survey (2009 GREOCSS) data. The 2009 GREOCSS data were collected based on stratified three-stage cluster sampling with probability proportional to size. The empirical results show that the Rao-Scott adjusted test statistic using only the variances of cell probabilities is very close to the Wald test statistic, which uses the covariance matrix of cell probabilities, under the 2009 GREOCSS data based. However it is necessary to be cautious to use the Rao-Scott first order adjusted test statistic in the place of Wald test because its efficiency is decreasing as the relative variance of eigenvalues of the design matrix of cell probabilities is increasing, specially more when the number of degrees of freedom is small.

• Wind and Structures
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• v.30 no.6
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• pp.575-595
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• 2020

The characteristics of winds associated with tropical cyclones are of great significance in many engineering fields. This paper presents an investigation of wind characteristics over a coastal urban terrain based on field measurements collected from multiple cup anemometers and ultrasonic anemometers equipped at 13 height levels on a 356-m-high meteorological tower in Shenzhen during severe Typhoon Hato. Several wind quantities, including wind spectrum, gust factor, turbulence intensity and length scale as well as wind profile, are presented and discussed. Specifically, the probability distributions of fluctuating wind speeds are analyzed in connection with the normal distribution and the generalized extreme value distribution. The von Karman spectral model is found to be suitable to depict the energy distributions of three-dimensionally fluctuating winds. Gust factors, turbulence intensity and length scale are determined and discussed. Moreover, this paper presents the wind profiles measured during the typhoon, and a comparative study of the vertical distribution of wind speeds from the field measurements and existing empirical models is performed. The influences of the topography features and wind speeds on the wind profiles were investigated based on the field-measured wind records. In general, the empirical models can provide reasonable predictions for the measured wind speed profiles over a typical coastal urban area during a severe typhoon.

• Wind and Structures
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• v.30 no.2
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• pp.141-153
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• 2020

Probabilistic information regarding directional extreme wind speeds is important for the precise estimation of the design wind loads on structures. A joint probability distribution model of directional extreme typhoon wind speeds is established using Monte Carlo simulation and empirical copula function to fully consider the correlations of extreme typhoon wind speeds among the different directions. With this model, a procedure for estimating directional extreme wind speeds for given return periods, which ensures that the overall risk is distributed uniformly by direction, is established. Taking 5 typhoon-prone cities in China as examples, the directional extreme typhoon wind speeds for given return periods estimated by the present method are compared with those estimated by the method proposed by Cook and Miller (1999). Two types of directional factors are obtained based on Cook and Miller (1999) and the UK standard's drafting committee (Standard B, 1997), and the directional risks for the given overall risks are discussed. The influences of the extreme wind speed correlations in the different directions and the simulated typhoon wind speed sample sizes on the estimated extreme wind speeds for a given return period are also discussed.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.351-362
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• 2020

This research investigates the credit management guidelines to strengthen Thai industrial sector. The research has been simulated from the findings of both qualitative and quantitative of 500 questionnaires distributed to industrial business executives in Thailand. The data were analyzed by descriptive analysis categorized into SME and large enterprises, and SEM to conduct the model in consistent with the empirical data. The results show that: (1) the credit management guidelines consist of 4 factors: a) characteristics management b) financial management c) operations management and d) assets management. The business executives gave overall importance on the guidelines at a high level with an average of 3.86. (2) The development of SEM shows that the model fits with the empirical data at Chi-Square probability level = 0.084, CMIN/DF = 1.164, GFI = 0.965 and RMSEA = 0.018. (3) The characteristics management directly influences the financial management and the operation management. The financial management directly influences on the assets management. The assets management has direct influence on the operations management. The findings show that the characteristics management is the essential starting component in SEM and the financial management factor has the most influence in the assets management variable with standard regression weight of 0.990.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.13 no.8
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• pp.3862-3879
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• 2019

More and more problems for public security have occurred due to the limited solutions for drone detection especially for micro-drone in long range conditions. This paper aims at dealing with drones detection using a radar system. The radio frequency (RF) signals emitted by a controller can be acquired using the radar, which are usually too weak to extract. To detect the drone successfully, the static clutters and linear trend terms are suppressed based on the background estimation algorithm and linear trend suppression. The principal component analysis technique is used to classify the noises and effective RF signals. The automatic gain control technique is used to enhance the signal to noise ratios (SNR) of RF signals. Meanwhile, the empirical mode decomposition (EMD) based wavelet transform (WT) is developed to decrease the influences of the Gaussian white noises. Then, both the azimuth information between the drone and radar and the bandwidth of the RF signals are acquired based on the statistical analysis algorithm developed in this paper. Meanwhile, the proposed accumulation algorithm can also provide the bandwidth estimation, which can be used to make a decision accurately whether there are drones or not in the detection environments based on the probability theory. The detection performance is validated with several experiments conducted outdoors with strong interferences.

• Asia-Pacific Journal of Business
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• v.11 no.4
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• pp.37-48
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• 2020

Purpose - This study empirically investigates whether the risk property included in fat-tails of return distributions is systematic or unsystematic based on the devised statistical methods. Design/methodology/approach - This study devised empirical designs based on two traditional methods: principal component analysis (PCA) and the testing method of portfolio diversification effect. The fatness of the tails in return distributions is quantitatively measured by statistical probability. Findings - According to the results, the risk property in the fat-tails of return distributions has the economic meanings of eigenvalues having a value greater than 1 through PCA, and also systematic risk that cannot be removed through portfolio diversification. In other words, the fat-tails of return distributions have the properties of the common factors, which may explain the changes of stock returns. Meanwhile, the fatness of the tails in the portfolio return distributions shows the asymmetric relationship of common factors on the tails of return distributions. The negative tail in the portfolio return distribution has a much closer relation with the property of common factors, compared to the positive tail. Research implications or Originality - This empirical evidence may complement the existing studies related to tail risk which is utilized in pricing models as a common factor.

• Journal of Ocean Engineering and Technology
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• v.35 no.4
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• pp.257-265
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• 2021

Many studies have been performed to predict a reliable and accurate stress-range distribution and fatigue damage regarding the Gaussian wide-band stress response due to multi-peak waves and multiple dynamic loads. So far, most of the approximation models provide slightly inaccurate results in comparison with the rain-flow counting method as an exact solution. A step-by-step study was carried out to develop new approximate spectral moments that are close to the rain-flow counting moment, which can be used for the development of a fatigue damage model. Using the special parameters and bandwidth parameters, four kinds of parameter-based combinations were constructed and estimated using the R-squared values from regression analysis. Based on the results, four candidate empirical formulas were determined and compared with the rain-flow counting moment, probability density function, and root mean square (RMS) value for relative distance. The new approximate spectral moments were finally decided through comparison studies of eight response spectra. The new spectral moments presented in this study could play an important role in improving the accuracy of fatigue damage model development. The present study shows that the new approximate moment is a very important variable for the enhancement of Gaussian wide-band fatigue damage assessment.

• Journal of Distribution Science
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• v.21 no.3
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• pp.61-69
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• 2023

Purpose: This study's purpose is to conduct empirical research on online comments affect Vietnamese consumers' impulsive buying in e-distribution. This study also considers affecting of browsing toward the urge to buy, and the urge to buy toward impulse buying in e-distribution. Research design, data and methodology: This study used the non-probability method to assemble data from 273 customers' online buying experiences via a Google Forms online survey. By using SmartPLS, the data were examined for reliability, convergent validity, discriminant validity of the variables, and proposed hypothesis testing. Results: The empirical study discovered that internet comments with utilitarian and hedonistic values had a positive effect on browsing, the urge to buy, and impulse purchases in e-distribution. Additionally, the result revealed that browsing had a positive influence on the urge to purchase. Likewise, the findings also disclosed that the urge to buy had a favorable effect on impulse buying. Conclusions: This study offered a thorough conceptual model of internet feedback influencing browsing, urge to buy, and impulsive purchases in e-distribution. Also, to increase impulsive buying, this study will assist e-distribution managers in concentrating on developing innovative marketing strategies and action plans that take into consideration consumers' internet reviews, browsing, and urge to buy.