• 제목/요약/키워드: Logit function

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Valuing Attributes of Fluid Milk in Laos

  • Lee, Jae Won;Kim, Taeyoon;Napasirth, Viengsakoun
    • East Asian Economic Review
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    • 제21권3호
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    • pp.259-274
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    • 2017
  • This study estimates the random utility function of fluid milk using 1,165 survey responses in Laos. It finds that both products' attributes and individual characteristics affect consumers' preference for the milk and the hypothetical brand of Laos-Korea has a potential compared to four real dairy products. Results also show that calories have a positive relationship with consumer's preference while the price and fat content have a negative one. The decision for choosing each brand is significantly affected by individual characteristics such as gender, age, whether or not respondents live with their children, the level of education, income, the frequency of purchasing milk per week, and the region where they live. The preference for five brands appears in the order of Foremost, Nabong, Thai-Danish, Meiji, and Lao-Korea, and probabilities of purchasing each brand at the mean level are 30.9%, 17.48%, 21.48%, 15.0% and 10.39%, respectively. Nabong that was Lao national milk brand still has a significant market power even though it was closed in 2008. The policies to promote milk industry by implementing its national milk brand again would be more effective if it focuses on the young generation, female consumers, families with children, quality of dairy products, and Vientiane capital areas.

A case of corporate failure prediction

  • Shin, Kyung-Shik;Jo, Hongkyu;Han, Ingoo
    • 한국경영과학회:학술대회논문집
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    • 한국경영과학회 1996년도 추계학술대회발표논문집; 고려대학교, 서울; 26 Oct. 1996
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    • pp.199-202
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    • 1996
  • Although numerous studies demonstrate that one technique outperforms the others for a given data set, there is often no way to tell a priori which of these techniques will be most effective to solve a specific problem. Alternatively, it has been suggested that a better approach to classification problem might be to integrate several different forecasting techniques by combining their results. The issues of interest are how to integrate different modeling techniques to increase the prediction performance. This paper proposes the post-model integration method, which means integration is performed after individual techniques produce their own outputs, by finding the best combination of the results of each method. To get the optimal or near optimal combination of different prediction techniques. Genetic Algorithms (GAs) are applied, which are particularly suitable for multi-parameter optimization problems with an objective function subject to numerous hard and soft constraints. This study applied three individual classification techniques (Discriminant analysis, Logit and Neural Networks) as base models to the corporate failure prediction context. Results of composite prediction were compared to the individual models. Preliminary results suggests that the use of integrated methods will offer improved performance in business classification problems.

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The Hybrid Systems for Credit Rating

  • Goo, Han-In;Jo, Hong-Kyuo;Shin, Kyung-Shik
    • 한국경영과학회지
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    • 제22권3호
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    • pp.163-173
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    • 1997
  • Although numerous studies demonstrate that one technique outperforms the others for a given data set, it is hard to tell a priori which of these techniques will be the most effective to solve a specific problem. It has been suggested that the better approach to classification problem might be to integrate several different forecasting techniques by combining their results. The issues of interest are how to integrate different modeling techniques to increase the predictive performance. This paper proposes the post-model integration method, which tries to find the best combination of the results provided by individual techniques. To get the optimal or near optimal combination of different prediction techniques, Genetic Algorithms (GAs) are applied, which are particularly suitable for multi-parameter optimization problems with an object function subject to numerous hard and soft constraints. This study applies three individual classification techniques (Discriminant analysis, Logit model and Neural Networks) as base models for the corporate failure prediction. The results of composite predictions are compared with the individual models. Preliminary results suggests that the use of integrated methods improve the performance of business classification.

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물류수송의 환적저항에 따른 수단선택 행태 변화 - 양회 중심으로 (study on the resistance of the transshipment of transport logistics according to the mode choice - focus of cement)

  • 이원태;김성은;김시곤;정성봉
    • 한국철도학회:학술대회논문집
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    • 한국철도학회 2010년도 춘계학술대회 논문집
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    • pp.1615-1622
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    • 2010
  • Recently, there has been an increase in interest from the aspects of transshipment and connection between the means of transportation. Not only for passengers but also for freight transportation as the need for transportation efficiency is growing while the importance of logistic railway transportation is emerging. The domestic freight transportation is carried out by roads, railroads, ships, and port. However, as other means of transportation, except road, is impossible for Door to Door Service, multimodal transportation accompanied by road transportation is carried out. Here, even though 'transshipment' occurs, because of the lack of basic data regarding this, it is difficult to reflect it in the demand forecasting. With respect to the Korean freight O-D, it was very difficult to have equivalent comparison on the competitiveness and availability of transportation services between the point of departure and the final destination. Taking into account the study of implementation of logit model considering the time and cost of transshipment of multimodal transportation and the transshipment resistance value upon selecting means of freight transportation on multimodal transportation was comparatively insufficient. This study consisted of questionnaire targeting shippers, and based on this, transshipment resistance value was calculated by deriving utility function. By doing so, I intend to examine the effect 'transshipment' has on selecting the means of transportation occurring from freight transportation.

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전주지역 자활 관련 조직들의 네트워크 구조에 관한 연구 (Interorganizational Networks of the Self-supporting Service Organizations in Chonju Area)

  • 홍경준
    • 한국사회복지학
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    • 제49권
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    • pp.7-33
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    • 2002
  • This study analyse interorganizational networks of the self-supporting service organizations using data on the 31 organizations in Chanju area. Interorganizational networks are operationalized in two ways: conference network and referral network. First, this study attempt to examine the characteristics of interorganizational networks of the self-supporting service organizations. Using block model, I can capture some of the structural features of interorganizational networks. Major findings of block modeling are as follows: (1) Public organizations are more inactive to make a connect with other organizations. (2) Most of organizations incline to make a connect with same kind organizations. Namely, employment service organizations incline to flock together, and social welfare organizations are also much the same. Second, this study attempt to examine the determinants of interorganizational networks of the self-supporting service organizations. Relations between pairs of organizations are modeled as a function of dyadic level covariates in accordance with resource dependence, transaction cost, and organizational domain theory. Measure of informal ties between organizations are also included as covariates. Applying logit and tobit regression methods, this study reveals that most variables have effects on the dyadic relations of organizations. Through this empirical analysis, I can suggest policy implications for the self-supporting programs in Korea.

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A Study on Commercial Power of Traditional Market

  • Baik, Key-Young;Youn, Myoung-Kil
    • 동아시아경상학회지
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    • 제4권2호
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    • pp.1-11
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    • 2016
  • This study investigated commercial power theory of traditional market through the analysis of literature review. Consumers' store selection models are made up a theory based on normative hypothesis, theory of mutual reaction, utility function estimation model, and cognitive-behavioral model. Detailed models are as follows. Normative hypothesis based theory is divided into Reilly's retail gratification theory and Converse's revised retail g ratification theory. Interaction theory is composed of Huff's probability gratification theory, MCI model and Multi-nominal Logit Model (MNL model). There are four models in retail organization position theory such as central place theories, single store position theory, multi store position - assign model, and retail growth potential model. In case of single store position theory, theoretical and empirical techniques have developed for a decision to optimum single store position. Those are like these, a check list, the most simple and systematic method, analogy, and microanalysis technique. Aforementioned models are theoretical and mathematical commercial power measurement and/or model. The study has rather limitations because the variation factors included in formula are only a part of actual commercial power. Therefore, further study shall be made continuously to commercial power areas and variables.

한국인의 외식소비성향과 외식선호유형의 결정요인 (Determinants of Food Away From Home and Consumption Patterns)

  • 박영선;정영숙
    • 한국식생활문화학회지
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    • 제19권1호
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    • pp.118-127
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    • 2004
  • The purpose of this study was to identify the preferred types and consumption patterns of food away from home by socio-demographic factors including cohort groups, sex. and consumption patterns consisting of 6 types. Data were collected from 412 respondents by questionnaire method in April through May 2002. Regression results indicate that sex, age, family income, family type and size as well as the consumption patterns were significant in explaining the determinants of food away from home expenditures. Four logit function (each for Korean, American, Japanese, and bunsik) results showed that each type of food away from home was likely to vary depending on socio-demographic factors (i.e., cohort groups and sex) and the consumption patterns (i.e., convenience and simple, distinction and variety, tradition oriented, foreign design, health and quality oriented, sensible taste and mood). Similarities and differences in food away from home types are discussed, and future implications for food and nutrition specialists as well as food industrial marketers are provided.

다수단 가변수요 통행배정문제를 위한 부분선형화 알고리즘의 성능비교 (A Performance Comparison of the Partial Linearization Algorithm for the Multi-Mode Variable Demand Traffic Assignment Problem)

  • 박태형;이상건
    • 대한산업공학회지
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    • 제39권4호
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    • pp.253-259
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    • 2013
  • Investment scenarios in the transportation network design problem usually contain installation or expansion of multi-mode transportation links. When one applies the mode choice analysis and traffic assignment sequentially for each investment scenario, it is possible that the travel impedance used in the mode choice analysis is different from the user equilibrium cost of the traffic assignment step. Therefore, to estimate the travel impedance and mode choice accurately, one needs to develop a combined model for the mode choice and traffic assignment. In this paper, we derive the inverse demand and the excess demand functions for the multi-mode multinomial logit mode choice function and develop a combined model for the multi-mode variable demand traffic assignment problem. Using data from the regional O/D and network data provided by the KTDB, we compared the performance of the partial linearization algorithm with the Frank-Wolfe algorithm applied to the excess demand model and with the sequential heuristic procedures.

자연산 임산물에 대한 소비자 인식 (Consumer's Recognition on Naturally-Grown Forest Products)

  • 민경택;구자춘;김명은
    • 한국산림과학회지
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    • 제104권4호
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    • pp.668-676
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    • 2015
  • 이 논문은 자연산 임산물에 대한 소비자 인식을 조사하여 수요측면에서 산림복합경영 활성화 방안을 제시하는 데 목적이 있다. 이를 위해 도시 가구 640명을 대상으로 인터넷 설문조사를 실시하였다. 소비자들이 산지재배 임산물을 구입하는 이유는 영양 효능과 안전성 때문이며, 같은 임산물이라도 밭 재배보다 품질이 우수하다고 응답하였다. 산지재배 임산물이 친환경 밭 재배 작물보다 선호되기는 하지만 자연산 인정 여부에는 차이를 보이지 않았다. 소비자들이 임산물 속성 가운데 중요시하는 요소는 품질과 효능으로 나타나 이를 강조하는 마케팅이 요구된다. 소득이 증가하면 신선도와 가격보다 자연산 여부를 중요하게 여기는 것으로 나타났으며 채취체험이 자연산 임산물 구매에 긍정적 영향을 주는 것으로 나타났다. 이러한 결과들은 산림복합경영의 활성화를 위해 자연산 인증을 통해 소비자 신뢰를 획득하고 체험 관광과 연계하는 6차산업화 추진이 필요하다는 것을 시사한다.

AUC 최적화를 이용한 낮은 부도율 자료의 모수추정 (Parameter estimation for the imbalanced credit scoring data using AUC maximization)

  • 홍종선;원치환
    • 응용통계연구
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    • 제29권2호
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    • pp.309-319
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    • 2016
  • 이항 분류모형에서 선형 스코어의 함수인 리스크 스코어를 고려하고, 선형 스코어의 계수를 추정하는 문제를 고려한다. 계수를 추정하는 대표적인 방법으로 로지스틱모형을 이용하는 방법과 AUC를 최대화하여 구하는 방법이 있다. AUC 접근방법으로 구한 모수 추정량은 로지스틱모형을 이용한 선형 스코어의 모수의 최대가능도 추정량보다 자료가 로지스틱 가정이 맞지 않는 일반적인 상황에서도 좋은 추정 결과를 보인다. 본 연구에서는 신용평가모형에서 흔히 접하는 정상보다 부도 경우가 현저하게 작은 상태인 낮은 부도율의 자료를 고려하고, 낮은 부도율의 자료에 AUC 접근방법을 적용한다. 부도의 비율이 정상의 비율보다 현저하게 낮은 불균형 자료를 생성하기 위하여 수정된 로짓함수를 연결함수로 사용한다. 낮은 부도율의 상황인 불균형 자료에 AUC 접근방법을 적용한 판별결과가 로지스틱 모형 추정방법보다 동등하거나 더 나은 모수추정 결과를 보이는 것을 확인하였다.