• Title/Summary/Keyword: Global Measure

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A case study for intercontinental comparison of herd behavior in global stock markets

  • Lee, Woojoo;Choi, Yang Ho;Kim, Changki;Ahn, Jae Youn
    • Communications for Statistical Applications and Methods
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    • v.25 no.2
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    • pp.185-197
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    • 2018
  • Measuring market fear is an important way of understanding fundamental economic phenomena related to financial crises. There have been several approaches to measure market fear or panic level in a financial market. Recently, herd behavior has gained its popularity as important economic phenomena explaining the fear in the financial market. In this paper, we investigate herd behavior in global stock markets with a focus on intercontinental comparison. While various risk measures are available for the detection of herd behavior in the market, we use the standardized herd behavior index in Dhaene et al. (Insurance: Mathematics and Economics, 50, 357-370, 2012b) and Lee and Ahn (Dependence Modeling, 5, 316-329, 2017) for the comparison of herd behaviors in global stock markets. A global stock market data from Morgan Stanley Capital International is used to study herd behavior especially during periods of financial crises.

Analysing Productivity Change in Vietnamese Garment Industry Using Global Malmquist Index

  • MAI, Thanh Khac;NGUYEN, Van;VU, Trang Huyen Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.1033-1039
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    • 2020
  • Vietnam is conducting an export-led growth model and labour-intensive industries contributing majorly to the total export value. In the context of Industry 4.0, the labour-based industries are significantly affected; hence, enhancing productivity is the key measure to maintain these industries. The garment industry contributes significantly to the total export value of Vietnam. Based on meta-frontier framework, the approach of data envelopment analysis is used to measure technical efficiency of Vietnamese garment firms and the global Malmquist TFP index is utilised to identify productivity change and its components including efficiency, technology and technical gaps between different groups of firms. The data of Vietnamese garment firms from 2013 to 2018 collected from the Vietnam General Statistic Office is used in this study. The results show that: (i) The total factor productivity of Vietnamese garment firms growth, technical progress is the main contributor; (ii) The private garment sector is the leading group; (iii) There is a large technological gap among Vietnamese garment sectors. The private and FDI garment firms have experienced a growth in all components of total factor productivity change. Meanwhile, technological progress change is the main reason to constrain the productivity growth of state-owned garment firms.

A Study on the Perception of Equity & the Decision-Making Styles: Application of Summated/Global Measure (도시 주부의 공평성 인지와 의사결정 유형에 관한 연구: 합산적/총체적 측정방법의 적용)

  • 이정우;강기연
    • Journal of the Korean Home Economics Association
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    • v.38 no.5
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    • pp.41-54
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    • 2000
  • While equity theory started as a theory focusing upon the relationship between employee and employer, over the years the theory has been expanded to various other types of relationships including marital relationships. The present research among 251 housewives examines the perception of equity and the decision-making styles from the perspective of equity theory. The perception of equity was measured by the revised TUW scales and the Walster's global measure. Also, decision-making styles was assessed by means of the 'final-say' scale In line with the predictions, the results clearly showed that the perception of equity was a strong predictor variable to the joint decision-making.

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Extended Information Overlap Measure Algorithm for Neighbor Vehicle Localization

  • Punithan, Xavier;Seo, Seung-Woo
    • IEIE Transactions on Smart Processing and Computing
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    • v.2 no.4
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    • pp.208-215
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    • 2013
  • Early iterations of the existing Global Positioning System (GPS)-based or radio lateration technique-based vehicle localization algorithms suffer from flip ambiguities, forged relative location information and location information exchange overhead, which affect the subsequent iterations. This, in turn, results in an erroneous neighbor-vehicle map. This paper proposes an extended information overlap measure (EIOM) algorithm to reduce the flip error rates by exchanging the neighbor-vehicle presence features in binary information. This algorithm shifts and associates three pieces of information in the Moore neighborhood format: 1) feature information of the neighboring vehicles from a vision-based environment sensor system; 2) cardinal locations of the neighboring vehicles in its Moore neighborhood; and 3) identification information (MAC/IP addresses). Simulations were conducted for multi-lane highway scenarios to compare the proposed algorithm with the existing algorithm. The results showed that the flip error rates were reduced by up to 50%.

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Singular Value Decomposition Approach to Observability Analysis of GPS/INS

  • Hong, Sin-Pyo;Chun, Ho-Hwan
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • v.1
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    • pp.133-138
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    • 2006
  • Singular value decomposition (SDV) approach is applied to the observability analysis of GPS/INS in this paper. A measure of observability for a subspace is introduced. It indicates the minimum size of perturbation in the information matrix that makes the subspace unobservable. It is shown that the measure has direct connections with observability of systems, error covariance, and singular structure of the information matrix. The observability measure given in this paper is applicable to the multi-input/multi-output time-varying systems. An example on the observability analysis of GPS/INS is given. The measure of observability is confirmed to be less sensitive to system model perturbation. It is also shown that the estimation error for the vertical component of gyro bias can be considered unobservable for small initial error covariance for a constant velocity horizontal motion.

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The Case Study on the Performance between SCM Adopted Textile.Fashion Firms and Unadopted Firms in a Viewpoint of BSC (BSC 관점에서 SCM 도입 섬유.패션 기업과 미도입 기업의 성과에 대한 사례 연구)

  • Shin, Sang-Moo;Yoon, Jae-Chun
    • The Research Journal of the Costume Culture
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    • v.17 no.1
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    • pp.177-188
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    • 2009
  • SCM as the important marketing strategy enhance the firm's efficiency and compatibility in global market environment such as global outsourcing. Firms adopted SCM realized the need to evaluate precisely the performance of SCM. In spite of importance of SCM, there was not much intention and research to measure SCM performance in textile fashion industry. Therefore, the purpose of this case study was to measure performance of supply chain management in textile fashion business using BSC(Balanced Score Card) to measure not only financial perspective but also non-financial perspectives such as customer perspective, internal business perspectives, financial perspective, and innovation & learning perspective. The questionnaire developed by the reviews of the literature was adopted for this study. The results of this study showed that SCM performance was enhanced from the point of customer perspective(cost, quality, time, service), financial perspective(cash cycle time, inventory turn over, inventory obsolescence, return on asset, return on investment, capacity utilization), and innovation & learning perspective(cost for human resource management, service for human resources). But there was same performance level regarding internal business perspective(lead time, cost for manufacturing process, product quality control, productive flexibility for time, quantity, and variety). Therefore, we should keep close relationship and two way communication among supply chain members to promote better SCM performance.

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Effects of Human Development Index and Its Components on Colorectal Cancer Incidence and Mortality: a Global Ecological Study

  • Khazaei, Salman;Rezaeian, Shahab;Khazaei, Somayeh;Mansori, Kamyar;Moghaddam, Ali Sanjari;Ayubi, Erfan
    • Asian Pacific Journal of Cancer Prevention
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    • v.17 no.sup3
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    • pp.253-256
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    • 2016
  • Geographic disparity for colorectal cancer (CRC) incidence and mortality according to the human development index (HDI) might be expected. This study aimed at quantifying the effect measure of association HDI and its components on the CRC incidence and mortality. In this ecological study, CRC incidence and mortality was obtained from GLOBOCAN, the global cancer project for 172 countries. Data were extracted about HDI 2013 for 169 countries from the World Bank report. Linear regression was constructed to measure effects of HDI and its components on CRC incidence and mortality. A positive trend between increasing HDI of countries and age-standardized rates per 100,000 of CRC incidence and mortality was observed. Among HDI components education was the strongest effect measure of association on CRC incidence and mortality, regression coefficients (95% confidence intervals) being 2.8 (2.4, 3.2) and 0.9 (0.8, 1), respectively. HDI and its components were positively related with CRC incidence and mortality and can be considered as targets for prevention and treatment intervention or tracking geographic disparities.

Improvement of the Stereo Vision-Based Surface-Strain Measurement System for Large Stamped Parts (중.대형 판재성형 제품의 곡면변형률 측정을 위한 스테레오 비전 시스템의 개선)

  • 김형종;김두수;김헌영
    • Transactions of Materials Processing
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    • v.9 no.4
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    • pp.404-412
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    • 2000
  • It is desirable to use the square grid analysis with the aid of the stereo vision and image processing techniques in order to automatically measure the surface-strain distribution over a stamped part. But this method has some inherent problems such as the difficulty in enhancement of bad images, the measurement error due to the digital image resolution and the limit of the area that can be measured at a time. Therefore, it is still hard to measure the strain distribution over the entire surface of a medium-or large-sized stamped part even by using an automated strain measurement system. In this study, several methods which enable to solve these problems considerably without losing accuracy and precision In measurement are suggested. The superposition of images that have different high-lightened or damaged part from each other gives much enhanced image. A new algorithm for constructing of the element connectivity from the line-thinned image helps recognize up to 1,000 elements. And the geometry assembling algorithm including the global error minimization makes it possible to measure a large specimen with reliability and efficiency.

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Beam and Diffuse to Global Solar Irradiation Correlation Coefficients for Daejeon (대전지역 직달 및 산란과 전일사 상관계수)

  • Lee, Kwan-Ho;Song, Doo-Sam
    • Journal of the Korean Solar Energy Society
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    • v.39 no.4
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    • pp.11-24
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    • 2019
  • The total solar irradiation on horizontal surfaces is separated into the beam and diffuses components. Although horizontal global irradiance is a commonly measured parameter for many sites, horizontal diffuse irradiance is not so readily obtainable. For such sites that measure global irradiation alone, a simple but reasonably accurate method is required to estimate diffuse irradiance from its global counterpart. This study investigates the applicability of correlation coefficients models correlating hourly diffuse and beam fraction and hourly clearness index in Daejeon. The three diffuse to global correlation coefficients models (Orgill and Holland model, CIBSE Guide J model, and Erbs et al. model) are selected and the three modified beam to global correlation coefficients models are generated. MBE, RMSE, r-squared of Daejeon and Daejeon boundary site-fitted models are compared with the case of original coefficients. The comparison result shows that the beam and diffuse to global solar irradiation correlation coefficients models with boundary site-fitted coefficients are best suitable for Daejeon. Further researches will be conducted to find the boundary site-fitting method using measured data of other cities and correlation coefficients models using solar altitude, cloud cover, and sunshine duration.

Global Soft Decision Using Probabilistic Outputs of Support Vector Machine for Speech Enhancement (SVM의 확률 출력을 이용한 새로운 Global Soft Decision 기반의 음성 향상 기법)

  • Jo, Q-Haing;Chang, Joon-Hyuk
    • The Journal of the Acoustical Society of Korea
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    • v.27 no.2
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    • pp.75-79
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    • 2008
  • In this paper, we propose a novel speech enhancement technique using global soft decision (GSD) based on the probabilistic outputs of support vector machine (SVM). Generally, speech enhancement algorithms applied soft decision gain modification and noise power estimation have bettor performance than those employing hard decision. Especially, global speech absence probability (GSAP), which is known as an effective measure of the speech absence in each frame, has been adopted to SD-based speech enhancement methods. For this reason, we introduce a new GSAP estimated from the probabilistic output of SVM using sigmoid function. The performance of the proposed algorithm is evaluated by the PESQ and MOS test under various noise environments and yields better results compared with the conventional GSD scheme.