• Title/Summary/Keyword: Focus index

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Environmental Conservation and Sustainable Pusan Development Strategy (환경보전과 지속가능한 부산의 도시개발방안)

  • Hwang, Young-Woo;Song, Kyo-Ook;Yhang, Wii-Joo
    • Journal of Environmental Science International
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    • v.6 no.3
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    • pp.195-203
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    • 1997
  • Pusan has experienced some different paths of urbanization and industrialization compared to other cities. and has faced the problem of over-saturation In enoronmental capacity. Pusan needs to fond out sustainable development strategies based on Agenda 21 by UNCED In 1992 to secure urban renewal. Therefore. Pusan's sustainable development strategies focus on the 1)research on envlronmental capacity and reasonable population accommodation 2)supp1y of basic enoronmental facilities for the human settlement 3)protection and efficient management of environmental pollution 4)saving and control of energy and other resources S)independent and stable euecution of plan based on biological relation 6)harmony between nature and urban spatial organization. In addition. these policies can be suggested along with the conclusions; First, ostablishment of green plan-muddle and long term environmental goals Included In the urban planning to reduce enoronmental deterioration and pollution. Second, computation of sustalnability Indeu the Index Is necessary to sustainable urban development, which is related with green GNP of the national level. Third, capacity estimation of nature and social environment-estimation of enoronmental capacity to the civilized area is required become an ecopolis, and is required to focus on the western area of Pusan which has high decree of potentiality.

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Information in the Implied Volatility Curve of Option Prices and Implications for Financial Distribution Industry (옵션 내재 변동성곡선의 정보효과와 금융 유통산업에의 시사점)

  • Kim, Sang-Su;Liu, Won-Suk;Son, Sam-Ho
    • Journal of Distribution Science
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    • v.13 no.5
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    • pp.53-60
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    • 2015
  • Purpose - The purpose of this paper is to shed light on the importance of the slope and curvature of the volatility curve implied in option prices in the KOSPI 200 options index. A number of studies examine the implied volatility curve, however, these usually focus on cross-sectional characteristics such as the volatility smile. Contrary to previous studies, we focus on time-series characteristics; we investigate correlation dynamics among slope, curvature, and level of the implied volatility curve to capture market information embodied therein. Our study may provide useful implications for investors to utilize current market expectations in managing portfolios dynamically and efficiently. Research design, data, and methodology - For our empirical purpose, we gathered daily KOSPI200 index option prices executed at 2:50 pm in the Korean Exchange distribution market during the period of January 2, 2004 and January 31, 2012. In order to measure slope and curvature of the volatility curve, we use approximated delta distance; the slope is defined as the difference of implied volatilities between 15 delta call options and 15 delta put options; the curvature is defined as the difference between out-of-the-money (OTM) options and at-the-money (ATM) options. We use generalized method of moments (GMM) and the seemingly unrelated regression (SUR) method to verify correlations among level, slope, and curvature of the implied volatility curve with statistical support. Results - We find that slope as well as curvature is positively correlated with volatility level, implying that put option prices increase in a downward market. Further, we find that curvature and slope are positively correlated; however, the relation is weakened at deep moneyness. The results lead us to examine whether slope decreases monotonically as the delta increases, and it is verified with statistical significance that the deeper the moneyness, the lower the slope. It enables us to infer that when volatility surges above a certain level due to any tail risk, investors would rather take long positions in OTM call options, expecting market recovery in the near future. Conclusions - Our results are the evidence of the investor's increasing hedging demand for put options when downside market risks are expected. Adding to this, the slope and curvature of the volatility curve may provide important information regarding the timing of market recovery from a nosedive. For financial product distributors, using the dynamic relation among the three key indicators of the implied volatility curve might be helpful in enhancing profit and gaining trust and loyalty. However, it should be noted that our implications are limited since we do not provide rigorous evidence for the predictability power of volatility curves. Meaning, we need to verify whether the slope and curvature of the volatility curve have statistical significance in predicting the market trough. As one of the verifications, for instance, the performance of trading strategy based on information of slope and curvature could be tested. We reserve this for the future research.

A Study on the Career Management for Construction Engineers through the Professional FGI Results: Focused on the Index of Construction Engineer's Competency (전문가 FGI를 통한 건설기술자 경력관리 방안 연구: 건설기술자 역량지수를 중심으로)

  • Lim, Jieun;Park, Yongho
    • The Journal of the Korea Contents Association
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    • v.18 no.12
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    • pp.432-443
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    • 2018
  • This study aims to analyze the current career management system for construction engineers and propose the developed future plan for the career management system. Especially, this study explores the Index of Construction Engineer's Competency(ICEC) and issues for workplace competency development which is the foundation of the career management system for construction engineers and proposes the advanced strategies for operating the career management system. For the developing the future strategy of the current construction engineer's career management system, a focus group interview was conducted in this study. Total 12 experts participated in the FGI. The study results identify the six key issues for advanced construction engineers' career management system. Those six issues include 1)preparing in the inducement of new human resources, 2)institutional modification of the current job/expertise fields, 3)attaching importance of practical experience in the workplace, 4)consideration of various factors of individual career, and 5)developing the highest level's workplace competency. Based on these research findings, theoretical and practical implication and suggestion for future studies were provided.

Estimating the Determinants for the Sales of Retail Trade:A Panel Data Model Approach (페널 데이터모형을 적용한 소매업 매출액 결정요인 추정에 관한 연구)

  • Kim, Hee-Cheul;Shin, Hyun-Cheul
    • Convergence Security Journal
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    • v.8 no.3
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    • pp.83-92
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    • 2008
  • In respect complication of group and period, the sales of retail trade is composed of various factors. This paper studies focus on estimating the determinants of the sales of retail trade. The volume of analysis consist of 7 groups. Analyzing period be formed over a 36 point(2005. 1$\sim$2007. 12). In this paper dependent variable setting up sales of retail trade, explanatory(independent) variables composed of composite stock price index, the number of the consumer's online buying behavior company, the coincident composite index, the index of trading price of APT, employment rate, an average of the rate of operation(the manufacturing industry), the consumer price index. The result of estimating the determinants of sales of retail trade provides empirical evidences of significance positive relationships between the coincident composite index, the index of trading price of APT, employment rate, an average of the rate of operation(the manufacturing industry). However this study provides empirical evidences of significance negative relationships between the consumer price index. The explanatory variables, that is, composite stock price and the number of the consumer's online buying behavior company, are non-significance variables. Implication of these findings are discussed for content research and practices.

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Effects of Oral Health Knowledge and Practices on Decayed, Missing and Filled Teeth Index and Quality of Life -Path Analysis Using Structural Equation Modeling- (구강보건 지식과 실천이 우식경험치아와 삶의 질에 미치는 영향 -구조방정식을 이용한 경로분석을 중심으로-)

  • Lee, Young-Soo;Bae, Sung Yoon;Ji, Jae-Hoon
    • Journal of dental hygiene science
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    • v.13 no.1
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    • pp.1-12
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    • 2013
  • This study aims to measure oral health knowledge and practice level among dental clinic patients, and examine their relationships with decayed, missing and filled teeth (DMF) index and the oral health-related quality of life (QOL). Empirical data have been collected from 311 patients through structured questionnaires and dental examinations conducted in Busan area. According to the analysis of causal relationship, oral health knowledge turned out to have a direct effect on oral health practices, which exerted both direct and indirect effects on DMF index and oral health-related QOL. While DMF index directly affected the oral health-related QOL, oral health knowledge proved to have only an indirect effect on DMF index and oral health-related QOL, mediated by oral health practices. Considering all these findings, effective oral health education and other intervention programs should focus on motivating people to participate in the active practices of desirable oral health behaviors, which will lead to the prevention of oral diseases and the subsequent improvement in the QOL.

Analysis of the Determinants on the Annual Average Price Rising Rate for Pyeong of Apartment Housing in Seoul (서울지역 아파트 평당 연평균 가격상승률 결정요인 분석)

  • Kil, Ki-Suck;Lee, Joo-Hyung
    • Journal of the Korean housing association
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    • v.18 no.3
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    • pp.63-72
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    • 2007
  • The purpose of this study is to identify the impact of the building, site, and region characteristic factors on the annual average price rising rate of apartment housing in Seoul. The data were consisted of 272 apartment units in Seoul. A survey included checking the drawing documents and interview with apartment maintenance staffs and real estate agencies from October 2006 to February 2007. Data were analyzed with descriptives, frequency, crosstabs, and linear regression by SPSS/PC for Window. The linear regression model was employed to evaluate the price rising rate in apartment housing. Following results were obtained. The price rising rate for pyeong ($3.3m^2$) of apartment housing was determinated by the district zone, the construction company's brand name, the building age, the building stories, the floor space index, the building-to-land ratio, the green space rate, and the distance from the downtown. Especially, the district zone was the most important factor that affected the price rising of apartment housing in Seoul. Therefore, the policy has to focus to solve the imbalance between autonomous districts with the collaborated tax.

Elderly Nutrition Improvement Program in the community health center : Nutritional evaluation of the elderly using the Index of Nutritional Quality and food group intake pattern (보건소 노인 영양 개선 사업 : 영양밀도와 섭취 식품군의 다양성에 의한 노인 영양 평가)

  • Im, Gyeong-Suk
    • Journal of the Korean Dietetic Association
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    • v.3 no.2
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    • pp.182-196
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    • 1997
  • Physiological changes that affect nutrient absorption and utilization occur in older adults, and the collection of nutritional information is an important part of examining the nutrition and health issue. A nutritional survey using the 24-hour recall method was performed to identify nutritional quality and leading patterns of food group intake for protein, vitamin C, P and Fe were over 1, whereas those for vitamin A, $B_1$, $B_2$, niacin and Ca were below 1. The MAR(Mean Adequacy Ratio) was relatively low(0.75). The percentage of energy from carbohydrate, protein, and fat was 65.1, 15.6, and 19.5, respectively, thus the quantities of energy source were ideal. The Older subjects revealed poorer nutrition quality than the younger subjects did. The food group intake pattern of the elderly was not diverse, only 9% of them consumed all food groups in a day. These results suggest that nutritional guidelines for older Koreans should focus on the maintenance of adequate energy intake. In addition, selection of foods with high protein and calcium, such as dairy food, should be emphasized, particularly in the older elderly. Nutrition programs should target individuals at risk of not receiving enough nutrients, like the oldest elderly, and persons with lower education.

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A Sub-Wavelength Focusing Lens Composed of a Dual-Plate Metamaterial Providing a Negative Refractive Index

  • Kim, Dong-Ho
    • Journal of electromagnetic engineering and science
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    • v.12 no.1
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    • pp.26-31
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    • 2012
  • We have proposed a metamaterial lens that enables sub-wavelength focusing, which is shorter than an operating wavelength. Our lens is a two dimensional array of a unit cell consisting of a metallic dual-plate printed on a dielectric substrate. The unique dual-plate structure provides negativeness both in permittivity and permeability, with no help from conventional additional structures, which are normally printed on the opposite of metallic patterns. Therefore, we can focus a source (or an image) in a tiny distance shorter than the free space wavelength (${\lambda}$) at the frequencies of interest. Furthermore, since the proposed geometry does not need separate supplementary structures to acquire negative permittivity or permeability, our lens is much simpler than conventional metamaterial lenses, which is a strong point in practical applications. We have validated sub-wavelength focusing ability in a 6 GHz frequency band through an experiment of near field scanning, which provided the width of about 0.19 ${\lambda}$ at a half maximum of a peak value of an measured image. The width of the focused image through the lens is more than 4 times shorter than that without the lens, which confirms the validity of our design approach.

Study on the Development of a Questionnaire Software for Health Examination in Oriental Medicine (한방건강검진 소프트웨어 개발에 관한 연구)

  • Moon, Jin-Seok;Park, Kyung-Mo;Choi, Sun-Mi
    • Korean Journal of Oriental Medicine
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    • v.13 no.2 s.20
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    • pp.135-142
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    • 2007
  • General health exanimation comes into operation to focus on physical inspection for industrial workers and doesn't contain oriental health care. Thus we need information of health status and disease prevention, so develop a questionnaire software for health examination in oriental medicine. Items of this soft ware consists of personal information and symptoms to could check oneself , pulse and tongue diagnosis by oriental medical doctor. Symptoms are made up of syndrome differentiation about Qi and blood, Yin and Yang, body fluid, five Zang organs, Sasang Constitutional Medicine. And we reconstruct 116 items by whole body, chest and abdomen, urine and feces, head, limbs, waist and back, five sensory organs, objective signs. A subject enter symptoms and a oriental medical doctor input diagnosis of pulse and tongue, then this software return the result of health index and explanation for oriental health care. This software would be used as tool not only health examination but also clinical research.

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A Study on the Productivity Trends of Regional Health Care Resource Uses in South Korea (지역 의료자원 이용의 생산성 변화 분석)

  • Dong, Jae-Yong;Lee, Kwang-Soo
    • The Korean Journal of Health Service Management
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    • v.10 no.2
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    • pp.71-82
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    • 2016
  • Objectives : This study purposed to analyze the productivity trends of regional health care resource uses in South Korea. Methods : Data was provided from the regional health care statistics by the National Health Insurance Service(NHIS) and collected from 2011 to 2014 at the 226 administrative regions such as Si(city in Korean), Gun(county in Korean), Gu(district in Korean). Productivity trend was analyzed with Malmquist Productivity Index(MPI). Input variables were the number of medical personnels, facilities, and major medical equipments. Output variables were the number of inpatient and outpatients in model A, and the amount of inpatient and outpatient reimbursements in model B. Results : In model A, the productivity of 62 regions were increased but it was decreased in 164 regions. In model B, the productivity of 123 regions were increased but it was decreased in 123 regions. Conclusions : If these trends were continued, there will be problems with the efficiency of national regional healthcare resource utilization. Health policy makers will require to focus in solving this phenomenon.