• Title/Summary/Keyword: Ex-post Analysis

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Preparation of GdBCO Thin Film by Ex-situ Process using Nitrate Precursors (질산염 전구체 원료로 Ex-situ 공정에 의한 GdBCO 박막 제조)

  • Kim, Byeong-Joo;Lee, Chul-Sun;Lee, Jong-Beom;Lee, Jae-Hun;Moon, Seung-Hyun;Lee, Hee-Gyoun;Hong, Gye-Won
    • Progress in Superconductivity
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    • v.13 no.2
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    • pp.127-132
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    • 2011
  • Many research groups have been manufacturing coated conductor by various processes such as PLD, MOD, and MOCVD, but the methods with production cost suitable for wide and massive application of coated conductor did not develop yet. Spray pyrolysis method adopting ultrasonic atomization was tried as one of the possible option. GdBCO precursor films have been deposited on IBAD substrate by spray pyrolysis method at low temperature and converted to GdBCO by post heat treatment. Ultrasonic atomization was used to generate fine droplets from precursor solution of Gd, Ba, and Cu nitrate dissolved in water. Primary GdBCO films were deposited at $500^{\circ}C$ and oxygen partial pressure of 1 torr. After that, the films were converted at various temperatures and low oxygen partial pressures. C-Axis oriented films were obtained IBAD substrates at conversion temperature of around $870^{\circ}C$ and oxygen partial pressures of 500 mtorr ~ 1 torr in a vacuum. Thick c-axis epitaxial film with the thickness of 0.4 ~ 0.5 ${\mu}m$ was obtained on IBAD substrate. C-axis epitaxial GdBCO films were successfully prepared by ex-situ methods using nitrate precursors on IBAD metal substrate. Converted GdBCO films have very dense microstructures with good grain connectivity. EDS composition analysis of the film showed a number of Cu-rich phase in surface. The precursor solution having high copper concent with the composition of Gd : Ba : Cu = 1 : 2 : 4 showed the better grain connectivity and electrical conductivity.

An ex post facto Relational Study of Genderlogy, and Gender Identity of Clothing and Attitudes toward Unisex Clothing -female and male college students in Taejeon, Chungnam, and Chungbuk province- (성역할 개념, 의복 성정체감, 유니섹스 의복에 대한 태도 사이의 상관 연구 -대전, 충남북 지역의 남녀 대학생을 중심으로-)

  • 차진희;김재숙
    • Journal of the Korean Society of Clothing and Textiles
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    • v.19 no.5
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    • pp.738-746
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    • 1995
  • The purposes of this study were 1) to find out any significant relationships among genderlogy, gender identity of clothing, and attitudes toward unisex clothing, 2) to investi- gate differences in genderlogy, gender identity of clothing, and attitudes toward unisex clothing between female and male college students, 3) to understand the structual dimension of genderlogy. The theory of this study was Bem's androgyny sex role theory which suggested an individual's masculine and feminine sex role lied on separate lines rather than on a linear line. The research design was an ex post facto survey and the subjects were 222 female college students and 179 male students in Taejeon, Chungnam and Chungbuk province. Using the SPSS program, factor analysis, 1-test, Pearson correlation coefficient, and plot were calculated for statistical analysis. The findings of this study were summarized as follows: 1) The 1.test showed significant differences in genderloy, gender identity of clothing, attitudes toward unisex clothing between female and male college students. 2) There were significant relationship among genderlogy, gender identity of clothing, attitudes toward unisex clothing. 3) The moi or dimensions of genderlogy were found to be traditional sex role and equal sex roles. There were only moderate negative relationship between traditional and equal sex roles and these two dimensions affected differently on the gender identity of clothing, as well as the attitudes toward unisex clothing, therefore traditional sex roles and equal sex roles seemed to lie on separate lines, and the androgyny sex role theory was supported.

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A Study on the Stock Performance of Distressed Restructurings (구조조정기업의 주식성과에 관한 연구)

  • Jang, Beom-Sik;Hwang, In-Deok
    • The Korean Journal of Financial Management
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    • v.25 no.1
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    • pp.141-176
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    • 2008
  • This study provides an analysis of ex post efficient outcome, which can be said an objective of distressed restructurings, using the stock return of listed companies. The findings of this study are as follows: First, upon completing the distressed restructurings, reorganization and workout cases showed positive announcement effects, which was statistically significant. Also, composition cases displayed a positive value, but it was not statistically significant. Second, with respect to post-restructuring long-run stock performance, reorganization and composition showed underperformance after completion. However, workout cases showed overperformance after the completion. Third, multiple regression analysis to find factors affecting post-restructuring long-run stock performance suggests that higher asset decrease(ASSETCH), shareholder concentration (OWNCEN), largest shareholders' stake(OWN) have more positive impacts on long-run performance. However, change of the largest shareholder(OWNERCH) has negative impacts on long-run performance. Finally, change of the largest shareholder is a negative factor in the performance of the distressed restructurings. Therefore, this study implies that if M&A is used as a way of early completing the distressed restructurings, prudent judgment is required on whether a firm can recover its competitiveness and is likely to be economically viable again.

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A Strategy for EMS Service Quality Improvement Using Kano Model and Improvement-Gap Analysis (카노모형과 개선갭분석을 이용한 EMS 서비스품질의 전략적 개선방안)

  • Kim, Myung Sub;Riew, Moon Charn
    • Journal of Korean Society for Quality Management
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    • v.43 no.3
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    • pp.397-408
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    • 2015
  • Purpose: Express mail service(EMS) supplied by 'Korea POST'is an international postal service which brings letters, documents and parcels to a destination abroad in the fastest and safest way. This service is in a tough competition with global companies such as TNT, FedEx, DHL or UPS. To build an effective strategy for being competitive, an intensive study on EMS service quality should be accomplished from a customer's perspective. Methods: Kano model and improvement gap analysis are used to categorize and prioritize EMS service quality attributes. A 5-point Lickert scale is employed to apply the Kano model and improvement gap analysis. Each quality attribute can be classified as weak in comparison with competitors, critical for improvement, or potentially competitive. Results: Price, on-time delivery and delivery quality are to be kept as is; fast delivery, parking convenience and staff expertise can be potentially competitive; and the other attributes are considered to be critical for improvement. Conclusions: Fast reimbursement and proper compensation when shipping items are lost or damaged are to be improved with high priority. Efforts to secure fast delivery, parking convenience and staff expertise are needed to be competitive in the future.

Divorce and Post-Divorce Adjustment of Divorced Men and Women in their 20s and 30s (20, 30대 이혼 남녀의 이혼과 이혼 후 적응 실태에 관한 조사 연구)

  • Ok Sun Wha;Sung Miai
    • Journal of the Korean Home Economics Association
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    • v.42 no.12 s.202
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    • pp.141-160
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    • 2004
  • This study investigated the divorce and post-divorce adjustment of divorced men and women in their 20s and 30s and explored the sex differences. For this empirical analysis, the data was collected from 230 divorced men and women in their 20s and 30s who lived in the Seoul metropolitan area from Sep. 23rd to Oct. 20th, 2002. The questionnaire for the survey dealt with demographic information and other scales. The major findings of the research project were as follows: First, although men and women experienced a similar level of pre-divorce conflicts, women were more likely to want to divorce. Second, although women had worse physical and psychological condition and more difficult problems than men after divorce, women more readily accepted their divorce reality than men. Divorce was not the best but the second best way to escape from a bad marriage for women. The results of the current research are expected to contribute to the pre-marital preparation and divorce adjustment programs.

The Hedging Effectiveness of Shrimp Futures Contract and Futures Contract Design (새우 선물계약의 헤징유효성과 선물계약 설계)

  • Kang, Seok-Kyu
    • The Journal of Fisheries Business Administration
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    • v.41 no.1
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    • pp.73-91
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    • 2010
  • The objective of this study is to examine the hedging effectiveness of shrimp futures market. Hedging effectiveness is measured by OLS model based on rolling windows. Analysis data are obtained from Kansai Commodities Exchange in Osaka and are weekly data of frozen shrimp futures and cash prices in the time period from July 9, 2003, to May 9, 2007. The empirical results are summarized as follows:First, the correlation coefficients between the nearby futures price changes and the cash(16/20) price changes are very low and have range from 0.141 to 0.208 values. Second, the minimum variance hedge ratios($\hat{\beta}$) are all statistically different from 0 at the 5% level and range from 0.0477 to 0.5039 values excluding Indian shrimps(26/30). Ex post hedging effectiveness, as measured by the coefficient of determination, $R^2$, is relatively very low and range from a low of 0.4% for west-south Indian shrimps(26/30) to a high 4.3% for Vietnamese shrimps(16/20). Third, ex ante hedging effectiveness, as measured by out-of-sample hedging period, is also very low and range from a low of -4.4% for west-south Indian shrimps(21/25) to a high of 3.4% for Vietnamese shrimps(16/20). This indicates that the shrimp futures market doesn't behave as risk management instrument of shrimp spot.

The Analysis on Managing Costs of Rules of Origin by Korean Companies in their Application of FTAs (국내기업의 FTA 활용에 따른 원산지 관리비용 분석)

  • CHO, Mee-Jin;LEE, Byung-Mun;SONG, Kyoung-Eun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.67
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    • pp.163-186
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    • 2015
  • This study attempts to analyze the trade costs of domestic firms utilizing the FTAs in terms of burden of expenses in managing the rules of origin. In doing so, we classify the managing costs of FTA rules of origin into three categories (that is, (i) ex ante costs from acquiring necessary information and building the infrastructure in the advance stage before the FTAs, (ii) the actual costs of the origin management in the application stage of FTA preferential treatment, (iii) ex post management cost in the preparation stage of origin verification) and perform a survey on the greater details on each category. Using the comprehensive results from the survey regarding domestic firm's use of FTAs, this paper also discusses the issues related to small and medium-sized firms and addresses the concerns involved with their managing costs of FTA rules of origin. Importantly, this paper emphasizes the importance of government supports to reduce inefficiency induced by the additional costs that domestic firms face in their use of FTAs and proposes the various policy implications regarding the managing costs of rules of origin.

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The Effects on Social Welfare and Regulation of Bundling in Telecommunications Service (정보통신서비스 번들링의 경제적 효과분석과 규제개선 방안)

  • Jung, Choong-Young
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.13 no.2
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    • pp.207-214
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    • 2009
  • This paper provides the analysis of economic theories about bundling in telecommunications service. First, the negative aspect of bundling is discussed. Second, the competitively neutral aspect of bundling which is counter response of negative effect is analyzed. Third, some variables affecting the bundling is investigated and the corresponding effect of bundling is discussed. The bundling can increase the social welfare under some circumstance while it sometimes decreases economic efficiency by detering the entry of competitive firms. Finally, regulatory approaches on bundling such as the criteria of bundling provision, the requirement of equal access, the discounting scheme ad a price control, ex anti regulation vs. ex post regulation, and the criteria of predatory pricing are provided.

Weight Vector Analysis to Portfolio Performance with Diversification Constraints (비중 상한 제약조건에 따른 포트폴리오 성과에 대한 투자 비중 분석)

  • Park, Kyungchan;Kim, Hongseon;Kim, Seongmoon
    • Korean Management Science Review
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    • v.33 no.4
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    • pp.51-64
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    • 2016
  • The maximum weight of single stock in mutual fund is limited by regulations to enforce diversification. Under incomplete information with added constraints on portfolio weights, enhanced performance had been reported in previous researches. We analyze a weight vector to examine the effects of additional constraints on the portfolio's performance by computing the Euclidean distance from the in-sample tangency portfolio, as opposed to previous researches which analyzed ex-post return only. Empirical experiment was performed on Mean-variance and Minimum-variance model with Fama French's 30 industry portfolio and 10 industry portfolio for the last 1,000 months from August 1932 to November 2015. We find that diversification-constrained portfolios have 7% to 26% smaller Euclidean distances with the benchmark portfolio compared to those of unconstrained portfolios and 3% to 11% greater Sharpe Ratio.

Data Envelopment Analysis with Imprecise Data Based on Robust Optimization (부정확한 데이터를 가지는 자료포락분석을 위한 로버스트 최적화 모형의 적용)

  • Lim, Sungmook
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.4
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    • pp.117-131
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    • 2015
  • Conventional data envelopment analysis (DEA) models require that inputs and outputs are given as crisp values. Very often, however, some of inputs and outputs are given as imprecise data where they are only known to lie within bounded intervals. While a typical approach to addressing this situation for optimization models such as DEA is to conduct sensitivity analysis, it provides only a limited ex-post measure against the data imprecision. Robust optimization provides a more effective ex-ante measure where the data imprecision is directly incorporated into the model. This study aims to apply robust optimization approach to DEA models with imprecise data. Based upon a recently developed robust optimization framework which allows a flexible adjustment of the level of conservatism, we propose two robust optimization DEA model formulations with imprecise data; multiplier and envelopment models. We demonstrate that the two models consider different risks regarding imprecise efficiency scores, and that the existing DEA models with imprecise data are special cases of the proposed models. We show that the robust optimization for the multiplier DEA model considers the risk that estimated efficiency scores exceed true values, while the one for the envelopment DEA model deals with the risk that estimated efficiency scores fall short of true values. We also show that efficiency scores stratified in terms of probabilistic bounds of constraint violations can be obtained from the proposed models. We finally illustrate the proposed approach using a sample data set and show how the results can be used for ranking DMUs.