• Title/Summary/Keyword: Multinomial model

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Mesh selectivity of a dome-shaped pot for finely-striate buccinum Buccinum striatissimum in the eastern coastal waters of Korea (반구형 통발에 대한 물레고둥 (Buccinum striatissimum)의 망목 선택성)

  • Park, Chang-Doo;Bae, Jae-Hyun;Cho, Sam-Kwang;Kim, In-Ok
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.50 no.3
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    • pp.284-291
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    • 2014
  • Finely-striate buccinum Buccinum striatissimum, a species of whelks, is caught mainly by pot in the eastern coastal waters of Korea. In order to determine the size selectivity of pot for the species, comparative fishing experiments were conducted near Yeongil Bay from June to September in 2003 using the dome-shaped pots with different five mesh sizes (17.1, 24.8, 35.3, 39.8, and 48.3 mm). The parameters of logistic equation were estimated by the SELECT (Share Each Length's Catch Total) method based on a multinomial distribution. The model with the estimated split parameter was found to fit the catch data best. The master selection curve was estimated to be s (R)=exp (13.044R-16.438)/[1 + exp (13.044R-16.438)], where R is the ratio of shell height to mesh size. The relative shell height of 50% retention was 1.260, and the selection range was 0.168. Enlargement in mesh size of the pot allows more small-sized whelks to escape.

Acceptance of Social Media as a Marketing Tool : A Quantitative Study

  • Hooda, Apeksha;Ankur, Ankur
    • Asian Journal of Business Environment
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    • v.8 no.3
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    • pp.5-12
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    • 2018
  • Purpose - The purpose of current paper is to identify features of advertisements at social media that generate the ad-click and to further identify if these advertisements lead to purchase. If no purchase is made, then reasons for not making purchase are identified. Users' purchase experience after users clicked at advertisements are also studied. Research design, data, and methodology - Research design followed is exploratory research, where various factors leading to ad-clicks and generating purchase at social media platform were explored. Raw data was gathered by means of survey among a sample of 185 respondents in India using online structured questionnaire. GLM model and multinomial regression were used to analyze the data. Results - Several factors including endorsement by friends, advertisement aesthetics, product reviews, and aggressive pricing played major role in generating ad-clicks. Major impediment to purchase on were product misrepresentation in advertisement, false discounts, and site security. Female users clicked more on social media advertisements and made more purchases compared to their male counterpart. Conclusions - Social media advertisements have significant positive effect on buying behavior of online customers. Transactions culminating from social media ad-click generated significant positive experience for social media users. Thus, social media can be effective marketing tool.

How Should We Randomly Sample Marine Fish Landed at Korea Ports to Represent a Length Frequency Distribution of Those Fish? (한국 연근해 어업에서 수집되는 어류 개체군 체장자료의 표집(sampling) 방법 제안)

  • Park, Min Gyou;Hyun, Saang-Yoon
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.54 no.1
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    • pp.80-89
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    • 2021
  • In Korea, marine fish landed at ports are randomly sampled on a periodic basis (e.g., daily or weekly), and body sizes (e.g., lengths and weights) of those sampled fish are measured. The motivation for our study is whether or not such measurements reflect the size distribution, especially the length distribution of fish landed (= a population), because such length measurements are key data for a length-based assessment model. The current sampling method is to sample fish landed at ports by body size group (e.g., very small, small, medium, large, very large), using the sampling weights as the number of boxes by body size group. In this study, we showed that length composition data about fish sampled by the current method did not represent the length frequency distribution of the fish landed, and suggested that an alternative sampling method should be applied of using the sampling weights as the number of fish landed by body size group. We also introduced a method for determining an appropriate sample size.

Foreign Direct Investment -Small and Medium Enterprises Linkages and Global Value Chain Participation: Evidence from Vietnam

  • NGUYEN, Thi Minh Thu;NGUYEN, Thi Tuong Anh;NGUYEN, Thi Thuy Vinh;PHAM, Huong Giang
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.1217-1230
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    • 2021
  • Using a multinomial logit model with the panel-data set of Vietnam manufacturing firms, this paper investigates the impacts of foreign direct investment (FDI) - small and medium enterprises (SMEs) linkages and other factors on SMEs' participation in the global value chain (GVC). We consider GVC firms are those engaging in any of the three modes including (i) using domestic inputs to export (D2E), (ii) using imported inputs to produce for the domestic market (I2P), (iii) using imported inputs to export (I2E). We discover that FDI-SME linkages statistically encourage Vietnamese SMEs to integrate into the GVC via I2P and I2E, while no statistical association between FDI-SME linkage and D2E participation is found. GVCs participation likelihood is also positively correlated with the introduction of new product introduction. The establishment of firms' production facilities in industrial zones and foreign ownership are both reported to be significantly decisive factors to SMEs' decisions on GVC participation. Besides, there is a strong association between firms' attributes, i.e. employment, capital intensity as well as financial access, and their participation in the GVC. Local governance quality (proxied by the Provincial Competitiveness Index) and the share of skilled labor at the province-level can facilitate firms' integration into GVCs, while greater market concentration may be a hurdle to such potential.

An Economic Valuation of Forest Ecosystem Services: A Choice Modeling Application to the Mekong Delta Project in Vietnam

  • KHAI, Huynh Viet;VAN, Nguyen Phi;DANH, Vo Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.465-473
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    • 2021
  • This study is the application of a choice experiment to assess Mekong Delta urban households' preferences and motivations for ecosystem conservation in the U Minh forest. The study applied a choice modeling approach to estimate the economic values of the proposed ecosystem conservation program in the U Minh forest by accessing urban consumer preferences and their willingness to pay for the project. Discrete choice experimental data was collected from 450 residents in the cities of the Vietnamese Mekong Delta. The multinomial logit model was employed to identify consumer's stated preferences for the environmental and sustainability attributes of the conservation project. The results showed that Mekong Delta urban residents paid much attention to the proposed project to protect and develop the U Minh forest. In addition, the results showed that higher education, income, and knowledge of the U Minh forest revealed a higher likelihood of selecting the project, while the older residents would select the status quo more than the younger ones. The study also proved that the effect of participation had a strong impact on the willingness to pay for the project. The findings could be useful for policymakers to take action to raise resident's awareness and willingness to pay for the U Minh forest project.

A Study about the Effects of Intellectual Property Investment and Management on the Value of Intangible Assets of Firms (지식재산 투자와 관리가 기업의 무형자산가치에 미치는 영향에 대한 연구)

  • Sung, Oong-Hyung;Jo, Kyeong-Seon
    • Journal of Korea Technology Innovation Society
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    • v.12 no.2
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    • pp.291-311
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    • 2009
  • Intellectual Property(IP) investment and its management are an key driver to create corporate value and intangible asset value through corporate's competitiveness. The purposes of this study are to survey capability of IP management and assess the effects of IP investment and its management on the separation into groups of intangible asset value. In order to attain those purposes of this study, sample companies were taken and categorized into three groups by the level of intangible asset value ratio, and data for IP investment such as R&D expenditure and advertising expenditure were collected from 90 manufacturing companies, and data for IP management capability about patent, design and brand were taken through survey. The final results showed as followed: First, IP management capability were generally not sufficient in the results of survey. Second, mean vector for the four variables were significantly different among three groups in multivariate analysis variance. Third, the order of their contribution to separating the groups were R&D expenditure, advertising expenditure, patent management, management of design and brand in canonical variate analysis. Fourth, R&D and patent management capability were significantly related to the separation of three groups, while advertising expenditure were not significant and management of design and brand were not sure of Significance in multinomial logit discriminant analysis. Fifth, exploratory power of the discriminant model were estimated by 53% in classification analysis. Finally, strategic policy for IP investment and its management should be taken urgently to create intangible asset value and to improve the capability of its management.

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On the Small Sample Distribution and its Consistency with the Large Sample Distribution of the Chi-Squared Test Statistic for a Two-Way Contigency Table with Fixed Margins (주변값이 주어진 이원분할표에 대한 카이제곱 검정통계량의 소표본 분포 및 대표본 분포와의 일치성 연구)

  • Park, Cheol-Yong;Choi, Jae-Sung;Kim, Yong-Gon
    • Journal of the Korean Data and Information Science Society
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    • v.11 no.1
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    • pp.83-90
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    • 2000
  • The chi-squared test statistic is usually employed for testing independence of two categorical variables in a two-way contingency table. It is well known that, under independence, the test statistic has an asymptotic chi-squared distribution under multinomial or product-multinomial models. For the case where both margins fixed, the sampling model of the contingency table is a multiple hypergeometric distribution and the chi-squared test statistic follows the same limiting distribution. In this paper, we study the difference between the small sample and large sample distributions of the chi-squared test statistic for the case with fixed margins. For a few small sample cases, the exact small sample distribution of the test statistic is directly computed. For a few large sample sizes, the small sample distribution of the statistic is generated via a Monte Carlo algorithm, and then is compared with the large sample distribution via chi-squared probability plots and Kolmogorov-Smirnov tests.

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Analysis on Determinants of Residential Location Choice for the Intra-Urban Migrants in the Seoul Metropolitan Area (수도권 주거 이동 가구의 주거입지 선택 요인 분석)

  • Jun, Myung-Jin;Kang, Do-Gyu
    • Journal of the Korean Regional Science Association
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    • v.32 no.1
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    • pp.83-103
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    • 2016
  • This study aims to analyze the determinants of residential location choice for the inter-urban migrants in the Seoul metropolitan area. In doing so, we have built a discrete choice model, using household sample data from the 2010 Korea Population and Housing Census. We classified households, which made a intra-urban movement during the last five years, into four groups: 1) movers from Seoul (central city) to Gyunggi-Incheon (suburban), 2) movers from Gyunggi-Incheon to Seoul, 3) Intra-Seoul movers, and 4) intra-Gyunggi-Incheon movers. The analysis findings can be summarized as follows. First, significant differences in the determinants of residential location choice were found among different types of movers. Second, movers from Gyunggi- Incheon to Seoul were likely to choose small housings with fewer rooms, indicating that their housing choices were forced rather than voluntary due to high housing prices in Seoul. Third, all types of movers have a high preference for the neighborhood with a good accessibility by public transit including subway. Lastly, neighborhood amenity was also an important attracting factors for the intra-urban migrants in Seoul.

Measuring the Scientific Benefits from the Deep-sea Human-operated Vehicle Project: A Choice Experiment Study (선택실험법을 이용한 심해 유인잠수정 개발사업의 과학기술적 경제적 편익추정)

  • Jin, Se-Jun;Lim, Seul-Ye;Park, Se-Hun;Yoo, Seung-Hoon
    • Ocean and Polar Research
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    • v.36 no.3
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    • pp.277-288
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    • 2014
  • The Korean government is considering the implementation of a project to develop a deep-sea human-operated vehicle (HOV) to improve the level of deep-sea research. Information on the scientific benefits from the project is urgently needed in order to come to a decision about whether to implement the project. This paper measures the conservation value of developing nine attributes associated with HOV by using the choice experiment (CE). A survey of about 356 experts was undertaken and 132 experts completely responded to the survey. To deal with the CE data from the survey, we employed a multinomial logit model. All the coefficient estimates are statistically significant and consistent with prior expectations. Therefore, we can judge that the respondents' works required in the CE survey were within their cognitive abilities and they reported responsible and significant values. Each marginal willingness to pay for each attribute associated with the HOV is statistically significant and provides good information on the scientific values with regard to developing the HOV. The results can be utilized in evaluating and planning several alternatives related to developing the HOV.

Physical Distribution Channel Choice according to Commodity Types (제품특성에 따른 물적유통경로선택 분석)

  • Park, Min-Yeong;Kim, Chan-Seong;Kim, Eun-Mi;Park, Dong-Ju;Pattanamekar, Parichart
    • Journal of Korean Society of Transportation
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    • v.28 no.1
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    • pp.77-86
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    • 2010
  • The study developed physical distribution channel choice models reflecting decision making of the firms and studied how choice decision factors influence selection of distribution channel. The distribution channel survey data in Korea was used to do empirical study. As a choice set, distribution channels were classified into two main choice channels: direct and indirect channels. In addition, indirect channels were classified into other three channels according to the type of intermediate point: distribution center, wholesale store, and agency. This study developed choice models by applying both binary and multinomial logit model with various set of factors. The results showed that the developed logit models seemingly reflect distribution channel choice behaviors. The hypothesis tests on how each factor influences choice of distribution channel were performed and discussed as well.