• The Journal of Asian Finance, Economics and Business
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• 제1권3호
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• pp.5-16
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• 2014

This study aims to examine the dynamics of price changes and trading volume of Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) from 2000 to 2008. With augmented analysis, our results support two hypotheses. First, under information spillover, our findings support noise traders' hypothesis as the time span for variance of past trading volume to cause variance of current return is found to be asymmetric under bull and bear markets. Second, looking at the dynamic relation between volume and volatility of price changes, our findings support Liquidity-Driven Trade hypothesis as past trading volume and subsequent volatility of return exhibit positive correlation. In terms of investors' behavior in response to the news, we find that investors are more risk taking in bull market and more risk reverse in bear market. Our study suggests that investors should adjust their strategy in the futures market in a dynamic manner as the time span of new information arrival is not consistent. Also, uninformed investors with information asymmetry should expect noninformational trading from informed investors to establish their desired positions for better liquid position.

• 정보저장시스템학회논문집
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• 제1권2호
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• pp.143-149
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• 2005

In this paper we propose a novel volume hologram encryption system with binary amplitude masks rather than phase masks, in which volume holograms can be securely recorded against the attacks by a third party. In our system, the encryption is done by multiplexing two volume holograms in such a way that an original binary data page is first stored as a volume hologram by interference with a binary amplitude mask and then the complementary data page is stored as another volume hologram by interference with the complementary binary amplitude mask over the first hologram. The operation principle of our system is explained with the well-known theory of recording and reading a volume hologram in a photorefractive material and the experimental results are presented. Experimental data show that our encryption system is protected from blind decryptions by randomly-generated incorrect amplitude masks.

• 한국CDE학회논문집
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• 제16권3호
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• pp.178-186
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• 2011

Static CAD models are the CAD models that do not have feature information and modeling history. These static models are generated by translating CAD models in a specific CAD system into neutral formats such as STEP and IGES. When a CAD model is translated into a neutral format, its precious feature information such as feature parameters and modeling history is lost. Once the feature information is lost, the advantage of feature based modeling is not valid any longer, and modification for the model is purely dependent on geometric and topological manipulations. However, the capabilities of the existing methods to modify static CAD models are limited, Direct modification methods such as tweaking can only handle the modifications that do not involve topological changes. There was also an approach to modify static CAD model by using volume decomposition. However, this approach was also limited to modifications of protrusion features. To address this problem, we extend the volume decomposition approach to handle not only protrusion features but also depression features in a static CAD model. This method first generates the model that contains the volume of depression feature using the bounding box of a static CAD model. The difference between the model and the bounding box is selectively decomposed into so called the feature volume and the base volume. A modification of depression feature is achieved by manipulating the feature volume of the static CAD model.

• 한국의류학회지
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• 제46권5호
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• pp.868-889
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• 2022

Fashion companies are using a big data approach as a key strategic analysis to predict and forecast sales. This study investigated the effectiveness of the past sales, web search volume, information amount, brand promotion, and the advertising endorser on the sales forecasting model. The study conducted the autoregressive distributed lag (ARDL) time series model using the internal and external social big data of a national fashion brand. Results indicated that the brand's past sales, search volume, promotion, and amount of advertising endorser information amount significantly affected the sales forecast, whereas the brand's advertising endorser search volume and information amount did not significantly influence the sales forecast. Moreover, the brand's promotion had the highest correlation with sales forecasting. This study adds to information-searching behavior theory by measuring consumers' brand involvement. Last, this study provides digital marketers with implications for developing profitable marketing strategies on the basis of consumers' interest in the brand and advertising endorser.

• 한국정보처리학회:학술대회논문집
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• 한국정보처리학회 2009년도 추계학술발표대회
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• pp.345-346
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• 2009

The segmentation of vessel including portal vein, hepatic vein and artery, from Computed Tomography (CT) images plays an important role in the therapeutic strategies for hepatic diseases. Representing segmented vessels in three dimensional spaces is extremely useful for doctors to plan liver surgery. In this paper, proposed method is focused on smoothing technique of segmented 3D liver vessels, which derived from 3D region growing approach. A pixel expand algorithm has been developed first to avoid vessel lose and disconnection cased by the next smoothing technique. And then a binary volume filtering technique has been implemented and applied to make the segmented binary vessel volume qualitatively smoother. This strategy uses an iterative relaxation process to extract isosurfaces from binary volumes while retaining anatomical structure and important features in the volume. Hard and irregular place in volume image has been eliminated as shown in the result part, which also demonstrated that proposed method is a suitable smoothing solution for post processing of fine vessel segmentation.

• 경영과학
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• 제32권4호
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• pp.57-67
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• 2015

It is a familiar Wall Street adage that "It takes volume to make prices move." Numerous researches have found the positive correlation between trading volume and price changes. Recent studies have documented that informed traders have strong influences on stock market prices through their trading with distinctive information power. Ever since 1992 capital market liberalization in Korea, it is said that foreign investors make consistent profits with their superior information and analytical skills. This study aims at whether we can make a profitable trading strategy by using the foreign investors' trading information. We analyse the relation between the KOSPI index returns and the foreign investors trading volume using GARCH models and VAR models. This study suggests the profitable trading strategies based on the documented relation between the foreign investors' trading volume and KOSPI index returns. We simulate the trading system with the real stock market data. The data include the daily KOSPI index returns and foreign investors' trading volume for 2001~2013. We estimate the GARCH and VAR models using 2001~2011 data and simulate the suggested trading system with the remaining out-of-sample data. Empirical results are as follows. First, we found the significant positive relation between the KOSPI index returns and contemporaneous foreign investors' trading volume. Second, we also found the positive relation between the KOSPI index returns and lagged foreign investors' trading volume. But the relation showed no statistical significance. Third, our suggested trading system showed better trading performance than B&H strategy, especially trading system 2. Our results provide good information for uninformed traders in the Korean stock market.

• Journal of the Korean Data and Information Science Society
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• 제24권2호
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• pp.235-244
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• 2013

본 연구에서는 코스피200 선물시장에서 거래량 지표를 이용한 매매 전략을 제안한다. 거래량과 주가의 인과성에 대한 많은 연구가 진행되어 왔으나 뚜렷한 결과를 도출하지 못하였지만, 본 연구에서는 거래량을 사용하는 투자전략의 경제적 유용성을 실증 분석하여 거래량이 주가의 선행 지표라는 것을 지지하였다. 본 연구는 크게 두 가지 목적을 가지고 있다. 첫 번째 목적은 CVI (correlated volume index)라는 거래량을 사용한 지표를 생성하는 것이다. 두 번째 목적은 이를 이용하여 코스피200 선물 지수의 적절한 매수시점과 매도시점을 정하는 것이다. 이 논문의 실험결과는 제안된 모델의 유용성을 증명할 수 있을 것이며, 또한 이를 통해 시장참여자들의 투자 결정에 있어 도움을 줄 수 있을 것이다.

• Journal of information and communication convergence engineering
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• 제7권4호
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• pp.449-452
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• 2009

In this paper, a novel compact and wideband fylfot-shaped planar monopole antenna is proposed. The fylfot-shaped is suggested to reduce the volume of a general crossed planar monopole antenna. The volume of the proposed antenna is about 1/4 of a general crossed planar monopole antenna under the conditions where the wideband characteristics are maintained. This technique is suitable for the design of wideband planar monopole antenna which needed a small volume.

• 한국컴퓨터정보학회논문지
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• 제22권10호
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• pp.63-71
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• 2017

In this paper, we develop the system for audio volume equalization of video on demand(VoD) content and propose the solution for it. In recent years, there has been a steady increase in the number of VoD users in addition to linear channels. However, viewers ought to sit in an uncomfortable way, adjusting the volume intermittently while they are broadcasted. Sudden changes of volume occur between the broadcasting channels, the programs from the co-channel, or the linear channels and the VoDs. Especially, upsurged dissatisfaction from the televiewers has been found due to the unequalized volume when shifting between the linear channel and the VoD. In order to solve this problem, multilateral efforts were put forth, such as a system for keeping the volume at a certain level in digital broadcasting program has been legislated domestically. It leads success in equalizing linear channel volume. On contrary, too little notice has been taken for distorted volume problem of video on demand(VoD) content. In this paper, we developed and applied the volume equalization system into VoD content to achieve uniformization, a similar condition with linear channel(-24LKFS). This suggestion helped uneven current of volume which was in the stage -16 ~ -20LKFS to stable condition by lowering into the stage of -24LKFS. It also brought 20% increase in perspective of volume quality satisfaction level.

• The Journal of Asian Finance, Economics and Business
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• 제3권3호
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• pp.79-91
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• 2016

This paper is the first of its kind using a non-linear approach based on cross-correlation function (CCF) to investigate the information arrival hypothesis in crude palm oil (CPO) futures market. Based on daily data from 1986 to 2010, our empirical results reveal that: First, the volume of volatility is not a proxy of information flow. Second, dependence causality running from current return to future volume in conditional variance exhibit an asymmetric pattern of time span with different signs of correlation between price and volume series. This finding indicates the presence of noise traders' hypothesis of price-volume interaction in CPO futures market. Both findings suggest that this futures market is weak-form inefficiency. In terms of investors' behavior, they tend to change their expectations on current return based on errors made in previous trade in generating abnormal volume in the subsequent period. As implied, it is advisable for the investors devise their future trading strategies according to time span and changes of return.