• Title/Summary/Keyword: Nominal model

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Predicting Future ESG Performance using Past Corporate Financial Information: Application of Deep Neural Networks (심층신경망을 활용한 데이터 기반 ESG 성과 예측에 관한 연구: 기업 재무 정보를 중심으로)

  • Min-Seung Kim;Seung-Hwan Moon;Sungwon Choi
    • Journal of Intelligence and Information Systems
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    • v.29 no.2
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    • pp.85-100
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    • 2023
  • Corporate ESG performance (environmental, social, and corporate governance) reflecting a company's strategic sustainability has emerged as one of the main factors in today's investment decisions. The traditional ESG performance rating process is largely performed in a qualitative and subjective manner based on the institution-specific criteria, entailing limitations in reliability, predictability, and timeliness when making investment decisions. This study attempted to predict the corporate ESG rating through automated machine learning based on quantitative and disclosed corporate financial information. Using 12 types (21,360 cases) of market-disclosed financial information and 1,780 ESG measures available through the Korea Institute of Corporate Governance and Sustainability during 2019 to 2021, we suggested a deep neural network prediction model. Our model yielded about 86% of accurate classification performance in predicting ESG rating, showing better performance than other comparative models. This study contributed the literature in a way that the model achieved relatively accurate ESG rating predictions through an automated process using quantitative and publicly available corporate financial information. In terms of practical implications, the general investors can benefit from the prediction accuracy and time efficiency of our proposed model with nominal cost. In addition, this study can be expanded by accumulating more Korean and international data and by developing a more robust and complex model in the future.

A Effective Role of Education on International Trade and Income Distribution (국제무역과 소득분배에 대한 교육의 역할)

  • Yoo, Il-Seon
    • International Area Studies Review
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    • v.14 no.3
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    • pp.454-476
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    • 2010
  • In this paper is two-step trade model introduced. It is assumed that countries have 3 basic factors- capital(K), land (Z)and population(N)-as national factor endowments. As the first step, education 'produces' 'educated labor(EL)' which embodies new knowledge or new technology by using the population and capital as inputs. As the second step, manufacturing goods is produced with EL and uneducated labor(UL), and agriculture goods with land and UL. According to this model, the higher the increase rate of capital in a country is, the lower the usage rate of land is, the lower the increase rate of discount is, the country tends to export the manufacturing goods and import the agriculture goods. Trade widens the discrepancy of increase rate of EL in both countries but reduces the gap of increase rate of relative wage of EL as far as the gap of usage rate is not so big. Trade also affect real income rather than nominal income. This model can be extended to explain the migration from rural areas to urban areas when the manufacturing sector and education organization exist in urban area while the agricultural sector exist in rural area.

Flame Diagnosis using Image Processing Technique

  • Kim, Song-Hwan;Lee, Tae-Young;Kim, Myun-Hee;Bae, Joon-Young;Lee, Sang-Ryong
    • International Journal of Precision Engineering and Manufacturing
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    • v.3 no.2
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    • pp.45-51
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    • 2002
  • Recently the interest for the environment is increasing. So the criterion for the evaluation of the burner has changed. For efficient driving problem, if the thermal efficiency is higher and the oxygen in exhaust gas is lower, then burner is evaluated better. For environmental problem. burner must satisfy NOx limit, soot limit and CO limit. Generally the experienced operator judge of the combustion status of the burner by the color of flame. we don't still have any satisfactory solution against it. the relation of the combustion status and the color of the flame hasn't still been established. This paper is the study about the relation of the combustion status and the color of the flame. This paper describes development of real time flame diagnosis technique that evaluate and diagnose combustion state such as consistency of components in exhaust gas, stability of flame in quantitative sense. In this paper, it was proposed on the flame diagnosis technique of burner using image processing algorithm, the parameter extracted from the image of the flame was used as the input variables of the flame diagnostic system. at first, linear regression algorithm and multiple regression algorithm was used to obtain linear multi-nominal expression. Using the constructed inference algorithm, the amount of NOx and CO of the combustion gas was successfully inferred. the combustion control system will be realized sooner or later.

Resistance Factor Calculation of Driven Piles of Long Span Bridges (장대교량 타입말뚝에 대한 저항계수 산정)

  • Kim, Dong-Wook;Park, Jae-Hyun;Lee, Joon-Yong;Kwak, Ki-Seok
    • Journal of the Korean Geotechnical Society
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    • v.29 no.4
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    • pp.57-65
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    • 2013
  • Assessment of uncertainties of loads and resistances is prerequisite for the development of load and resistance factor design (LRFD). Many previous studies related to resistance factor calculations of piles were conducted for short or medium span bridges (span lengths less than 200m) reflecting the live load uncertainty for ordinary span bridges. In this study, by using a revised live load model and its uncertainty for long span bridges (span lengths longer than 200m and shorter than 1500m), resistance factors are recalibrated. For the estimation of nominal pile capacity (both base and shaft capacities), the Imperial College Pile (ICP) design method is used. For clayey and sandy foundation, uncertainty of resistance is assessed based on the ICP database. As long span bridges are typically considered as more important structures than short or medium span bridges, higher target reliability indices are assigned in the reliability analysis. Finally, resistance factors are calculated and proposed for the use of LRFD of driven piles for ordinary span and long span bridges.

Data-mining modeling for the prediction of wear on forming-taps in the threading of steel components

  • Bustillo, Andres;Lopez de Lacalle, Luis N.;Fernandez-Valdivielso, Asier;Santos, Pedro
    • Journal of Computational Design and Engineering
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    • v.3 no.4
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    • pp.337-348
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    • 2016
  • An experimental approach is presented for the measurement of wear that is common in the threading of cold-forged steel. In this work, the first objective is to measure wear on various types of roll taps manufactured to tapping holes in microalloyed HR45 steel. Different geometries and levels of wear are tested and measured. Taking their geometry as the critical factor, the types of forming tap with the least wear and the best performance are identified. Abrasive wear was observed on the forming lobes. A higher number of lobes in the chamber zone and around the nominal diameter meant a more uniform load distribution and a more gradual forming process. A second objective is to identify the most accurate data-mining technique for the prediction of form-tap wear. Different data-mining techniques are tested to select the most accurate one: from standard versions such as Multilayer Perceptrons, Support Vector Machines and Regression Trees to the most recent ones such as Rotation Forest ensembles and Iterated Bagging ensembles. The best results were obtained with ensembles of Rotation Forest with unpruned Regression Trees as base regressors that reduced the RMS error of the best-tested baseline technique for the lower length output by 33%, and Additive Regression with unpruned M5P as base regressors that reduced the RMS errors of the linear fit for the upper and total lengths by 25% and 39%, respectively. However, the lower length was statistically more difficult to model in Additive Regression than in Rotation Forest. Rotation Forest with unpruned Regression Trees as base regressors therefore appeared to be the most suitable regressor for the modeling of this industrial problem.

Genome scan linkage analysis identifies a major quantitative trait loci for fatty acid composition in longissimus dorsi muscle in an F2 intercross between Landrace and Korean native pigs

  • Park, Hee-Bok;Han, Sang-Hyun;Yoo, Chae-Kyoung;Lee, Jae-Bong;Kim, Ji-Hyang;Baek, Kwang-Soo;Son, Jun-Kyu;Shin, Sang-Min;Lim, Hyun-Tae;Cho, In-Cheol
    • Asian-Australasian Journal of Animal Sciences
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    • v.30 no.8
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    • pp.1061-1065
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    • 2017
  • Objective: This study was conducted to locate quantitative trait loci (QTL) influencing fatty acid (FA) composition in a large $F_2$ intercross between Landrace and Korean native pigs. Methods: Eighteen FA composition traits were measured in more than 960 $F_2$ progeny. All experimental animals were genotyped with 165 microsatellite markers located throughout the pig autosomes. Results: We detected 112 QTLs for the FA composition; Forty seven QTLs reached the genome-wide significant threshold. In particular, we identified a cluster of highly significant QTLs for FA composition on SSC12. QTL for polyunsaturated fatty acid on pig chromosome 12 (F-value = 97.2 under additive and dominance model, nominal p-value $3.6{\times}10^{-39}$) accounted for 16.9% of phenotypic variance. In addition, four more QTLs for C18:1, C18:2, C20:4, and monounsaturated fatty acids on the similar position explained more than 10% of phenotypic variance. Conclusion: Our findings of a major QTL for FA composition presented here could provide helpful information to locate causative variants to improve meat quality traits in pigs.

The Effect of Different Inflows on the Unsteady Hydrodynamic Characteristics of a Mixed Flow Pump

  • Yun, Long;Dezhong, Wang;Junlian, Yin;Youlin, Cai;Chao, Feng
    • International Journal of Fluid Machinery and Systems
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    • v.10 no.2
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    • pp.138-145
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    • 2017
  • The problem of non-uniform inflow exists in many practical engineering applications, such as the elbow suction pipe of waterjet pump and, the channel head of steam generator which is directly connect with reactor coolant pump. Generally, pumps are identical designs and are selected based on performance under uniform inflow with the straight pipe, but actually non-uniform suction flow is induced by upstream equipment. In this paper, CFD approach was employed to analyze unsteady hydrodynamic characteristics of reactor coolant pumps with different inflows. The Reynolds-averaged Naiver-Stokes equations with the $k-{\varepsilon}$ turbulence model were solved by the computational fluid dynamics software CFX to conduct the steady and unsteady numerical simulation. The numerical results of the straight pipe and channel head were validated with experimental data for the heads at different flow coefficients. In the nominal flow rate, the head of the pump with the channel head decreases by 1.19% when compared to the straight pipe. The complicated structure of channel head induces the inlet flow non-uniform. The non-uniformity of the inflow induces the difference of vorticity distribution at the outlet of the pump. The variation law of blade to blade velocity at different flow rate and the difference of blade to blade velocity with different inflow are researched. The effects of non-uniform inflow on radial forces are absolutely different from the uniform inflow. For the radial forces at the frequency $f_R$, the corresponding amplitude of channel head are higher than the straight pipe at $1.0{\Phi}_d$ and $1.2{\Phi}_d$ flow rates, and the corresponding amplitude of channel head are lower than the straight pipe at $0.8{\Phi}_d$ flow rates.

CPUE standardization of Pacific bluefin tuna caught by Korean offshore large purse seine fishery (2003-2016) (우리나라 대형선망어업에서 어획된 태평양참다랑어의 CPUE 표준화(2003-2016))

  • LEE, Sung Il;KIM, Doo-Nam;LEE, Mi-Kyung;JO, Heon-Ju;KU, Jeong-Eun;KIM, Jung-Jin
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.54 no.2
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    • pp.116-123
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    • 2018
  • Pacific bluefin tuna (Thunnus orientalis) has been mostly caught by the Korean offshore large purse seine fishery in Korean waters. The annual catch of Pacific bluefin tuna caught by the offshore large purse seine fishery in Korean waters showed less than 1,000 mt until the 1990s except for 1997. The catch sharply increased to 2,401 mt in 2000 and recorded the highest of 2,601 mt in 2003, but the catch has generally decreased with a fluctuation thereafter. The main fishing ground of Pacific bluefin tuna of this fishery is formed around Jeju Island. However, it expanded to the Yellow Sea, the coastal of Busan, and the East Sea, which depends on the migration patterns of Pacific bluefin tuna by season. The CPUE standardization of Pacific bluefin tuna was conducted using Generalized Linear Model (GLM) to assess the proxy of the abundance index. The data used for the GLM were catch (weight), effort (number of hauls), catch ratio of Pacific bluefin tuna, moon phase by year, quarter and area. The standardized CPUE from 2004 to 2011, except for 2003 and 2010, showed a steady trend, and then increased until 2014. The CPUE in 2015 decreased, and in 2016 was higher than that in 2015. The result of GLM suggests that the effect of the catch ratio of Pacific bluefin tuna is the largest factor affecting the nominal CPUE.

Using ranked auxiliary covariate as a more efficient sampling design for ANCOVA model: analysis of a psychological intervention to buttress resilience

  • Jabrah, Rajai;Samawi, Hani M.;Vogel, Robert;Rochani, Haresh D.;Linder, Daniel F.;Klibert, Jeff
    • Communications for Statistical Applications and Methods
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    • v.24 no.3
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    • pp.241-254
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    • 2017
  • Drawing a sample can be costly or time consuming in some studies. However, it may be possible to rank the sampling units according to some baseline auxiliary covariates, which are easily obtainable, and/or cost efficient. Ranked set sampling (RSS) is a method to achieve this goal. In this paper, we propose a modified approach of the RSS method to allocate units into an experimental study that compares L groups. Computer simulation estimates the empirical nominal values and the empirical power values for the test procedure of comparing L different groups using modified RSS based on the regression approach in analysis of covariance (ANCOVA) models. A comparison to simple random sampling (SRS) is made to demonstrate efficiency. The results indicate that the required sample sizes for a given precision are smaller under RSS than under SRS. The modified RSS protocol was applied to an experimental study. The experimental study was designed to obtain a better understanding of the pathways by which positive experiences (i.e., goal completion) contribute to higher levels of happiness, well-being, and life satisfaction. The use of the RSS method resulted in a cost reduction associated with smaller sample size without losing the precision of the analysis.

Virtual Inertial Control of a Wind Power Plant using the Maximum Rate of Change of Frequency (주파수의 최대 변화율을 이용한 풍력단지 가상관성제어)

  • Kim, Dooyeon;Kim, Jinho;Lee, Jinshik;Kim, Yeon-Hee;Chun, Yeong-Han;Kang, Yong Cheol
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.62 no.7
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    • pp.918-924
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    • 2013
  • In a conventional power system, the frequency is recovered to the nominal value by the inertial, primary, and secondary responses of the synchronous generators (SGs) after a large disturbance such as a generator tripping. For a power system with high wind penetration, the system inertia is significantly reduced due to the maximum power point tracking control based operation of the variable speed wind generators (WGs). This paper proposes a virtual inertial control for a wind power plant (WPP) based on the maximum rate of change of frequency to release more kinetic energy stored in the WGs. The performance of the proposed algorithm is investigated in a model system, which consists of a doubly fed induction generator-based WPP and SGs using an EMTP-RV simulator. The results indicate that the proposed algorithm can improve the frequency nadir after a generator tripping. In addition, the algorithm can lead the instant of a frequency rebound and help frequency recovery after the frequency rebound.