• Title/Summary/Keyword: Path-dependency

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A CLOSED-FORM SOLUTION FOR LOOKBACK OPTIONS USING MELLIN TRANSFORM APPROACH

  • Jeon, Junkee;Yoon, Ji-Hun
    • East Asian mathematical journal
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    • v.32 no.3
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    • pp.301-310
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    • 2016
  • Lookback options, in the terminology of nance, are a type of exotic option with path dependency whose the payoff depends on the optimal (maximum or minimum) underlying asset's price occurring over the life of the option. In this paper, we exploit Mellin transform techniques to find a closed-form solution for European lookback options in Black-Scholes model.

Study on Path-dependency of Transmission Loss Allocation using Transactions Strategy (거래전략에 따른 송전 손실 배분의 경로 의존성에 관한 연구)

  • Ha, Sang-Hyeon;Min, Kyung-Il;Lee, Su-Won;Moon, Young-Hyun
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.59-60
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    • 2007
  • 본 논문에서는 모선별로 송전 손실을 배분하는 방법에 대하여 연구하였다. 특히 거래 전략 행렬을 통한 송전 손실 배분 이론을 제시하였고, 제안된 송전 손실 이론이 수학적으로 경로 의존성을 가짐을 증명하였다. 또한 총 전송 손실량이 거래 전략에 독립적임을 밝혀 합리적인 손실 배분 방법임을 증명하였다. 본 논문에서 제시된 알고리즘은 IEEE 계통에서 시뮬레이션을 통하여 검증을 하였다.

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The Attachment Between Mother and Married Son and Mother's Marital Relationship to Son's Marital Satisfaction: A Path Model (모자간의 애착 및 모의 결혼관계에 따른 아들 부부의 결혼만족도 : 인과적 모형)

  • 유은희
    • Journal of the Korean Home Economics Association
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    • v.27 no.2
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    • pp.149-162
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    • 1989
  • Based on attachment theory and family system theory, this study was attempted to construct a path model in which showed how adult son-mother relationship and mother's marital relationship influence son's marital satifaction. Predictor variables examined were the attachment between mother and married son, mother's dependency, mother's marital relationship, son's filial obligation, son's marriage years. Data were analyzed from survey and structured interviews conducted with 111 families including married son, his wife and his mother. Results indicated that the attachment between mother and married son influenced directly to son's marital satisfaction while the other variables had an indirect influence via the attachment between mother and son. The importance of the relationship between mother and married son to son's marital satisfaction received string support.

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Multiple-Channel Active Noise Control by ANFIS and Independent Component Analysis without Secondary Path Modeling

  • Kim, Eung-Ju;Lee, Sang-yup;Kim, Beom-Soo;Lim, Myo-Taeg
    • 제어로봇시스템학회:학술대회논문집
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    • 2001.10a
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    • pp.22.1-22
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    • 2001
  • In this paper we present Multiple-Channel Active Noise Control[ANC] system by employing Independent Component Analysis[ICA] and Adaptive Network Fuzzy Inference System[ANFIS]. ICA is widely used in signal processing and communication and it use prewhiting and appropriate choice of non-linearities, ICA can separate mixed signal. ANFIS controller is trained with the hybrid learning algorithm to optimize its parameters for adaptively canceling noise. This new method which minimizes a statistical dependency of mutual information(MI) in mixed low frequency noise signal and there is no need to secondary path modeling. The proposed implementations achieve more powerful and stable noise reduction than Filtered-X LMS algorithms which is needed for LTI assumption and precise secondary error

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Post-buckling analysis of imperfect nonlocal piezoelectric beams under magnetic field and thermal loading

  • Fenjan, Raad M.;Ahmed, Ridha A.;Faleh, Nadhim M.
    • Structural Engineering and Mechanics
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    • v.78 no.1
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    • pp.15-22
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    • 2021
  • An investigation of the nonlinear thermal buckling behavior of a nano-sized beam constructed from intelligent materials called piezo-magnetic materials has been presented in this article. The nano-sized beam geometry has been considered based on two assumptions: an ideal straight beam and an imperfect beam. For incorporating nano-size impacts, the nano-sized beam formulation has been presented according to nonlocal elasticity. After establishing the governing equations based on classic beam theory and nonlocal elasticity, the nonlinear buckling path has been obtained via Galerkin's method together with an analytical trend. The dependency of buckling path to piezo-magnetic material composition, electro-magnetic fields and geometry imperfectness has been studied in detail.

The Emotional Dimensions of North Korean Politics through the Lens of Historical Institutionalism

  • Kim, Hwajung
    • Journal of Contemporary Eastern Asia
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    • v.21 no.2
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    • pp.13-26
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    • 2022
  • This study explores the following research question to address issues linked to emotions, identity, and institutions: how has the cult (institution) of the three Kims affected North Koreans' strong sense of nationalism (emotion), which is based on their Juche ideology (identity)? This paper investigates four fundamental elements of historical institutionalism: time boundedness, path dependency, institutional changes, and the shadow of the past. First, time boundedness illustrates how culture and education have been used to build trust and loyalty in the general public to construct individual and family cults. Second, path dependence reveals how the Songbun system has resulted in strong nationalism throughout Rodongdang's institutionalization. Third, institutional changes highlight the significance of age divides, as different age groups do not always support the three Kims' cult. Finally, the shadow of the past helps us understand the primary processes for generating mass ardent nationalism in the form of powerful impulses for self-sacrifice.

Enumeration of axial rotation

  • Yoon, Yong-San
    • Advances in biomechanics and applications
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    • v.1 no.2
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    • pp.85-93
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    • 2014
  • In this paper, two procedures of enumerating the axial rotation are proposed using the unit sphere of the spherical rotation coordinate system specifying 3D rotation. If the trajectory of the movement is known, the integration of the axial component of the angular velocity plus the geometric effect equal to the enclosed area subtended by the geodesic path on the surface of the unit sphere. If the postures of the initial and final positions are known, the axial rotation is determined by the angular difference from the parallel transport along the geodesic path. The path dependency of the axial rotation of the three dimensional rigid body motion is due to the geometric effect corresponding to the closed loop discontinuity. Firstly, the closed loop discontinuity is examined for the infinitesimal region. The general closed loop discontinuity can be evaluated by the summation of those discontinuities of the infinitesimal regions forming the whole loop. This general loop discontinuity is equal to the surface area enclosed by the closed loop on the surface of the unit sphere. Using this quantification of the closed loop discontinuity of the axial rotation, the geometric effect is determined in enumerating the axial rotation. As an example, the axial rotation of the arm by the Codman's movement is evaluated, which other methods of enumerating the axial rotations failed.

Dependent Quantization for Scalable Video Coding

  • Pranantha, Danu;Kim, Mun-Churl;Hahm, Sang-Jin;Lee, Keun-Sik;Park, Keun-Soo
    • Proceedings of the Korean Society of Broadcast Engineers Conference
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    • 2006.11a
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    • pp.127-132
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    • 2006
  • Quantization in video coding plays an important role in controlling the bit-rate of compressed video bit-streams. It has been used as an important control means to adjust the amount of bit-streams to at]owed bandwidth of delivery networks and storage. Due to the dependent nature of video coding, dependent quantization has been proposed and applied for MPEG-2 video coding to better maintain the quality of reconstructed frame for given constraints of target bit-rate. Since Scalable Video Coding (SVC) being currently standardized exhibits highly dependent coding nature not only between frames but also lower and higher scalability layers where the dependent quantization can be effectively applied, in this paper, we propose a dependent quantization scheme for SVC and compare its performance in visual qualities and bit-rates with the current JSVM reference software for SVC. The proposed technique exploits the frame dependences within each GOP of SVC scalability layers to formulate dependent quantization. We utilize Lagrange optimization, which is widely accepted in R-D (rate-distortion) based optimization, and construct trellis graph to find the optimal cost path in the trellis by minimizing the R-D cost. The optimal cost path in the trellis graph is the optimal set of quantization parameters (QP) for frames within a GOP. In order to reduce the complexity, we employ pruning procedure using monotonicity property in the trellis optimization and cut the frame dependency into one GOP to decrease dependency depth. The optimal Lagrange multiplier that is used for SVC is equal to H.264/AVC which is also used in the mode prediction of the JSVM reference software. The experimental result shows that the dependent quantization outperforms the current JSVM reference software encoder which actually takes a linear increasing QP in temporal scalability layers. The superiority of the dependent quantization is achieved up to 1.25 dB increment in PSNR values and 20% bits saving for the enhancement layer of SVC.

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Pension Structure, Benefit Generosity and Pension Spending in the Retrenchment Period of Welfare States (복지국가 재편의 경로의존성 : 공적연금 제도 구조와 급여관대성 및 지출수준에 관한 비교연구)

  • Kim, Soo Wan;Baek, Seung ho
    • Korean Journal of Social Welfare Studies
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    • v.42 no.1
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    • pp.433-461
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    • 2011
  • This study investigated changes and determinants of public pension generosity and pension spending in welfare states during the last retrenchment period. Path-dependency thesis, industrialization theory and power resources model were examined with the twelve welfare states from 1980 to 2007. The main results are as follows. First, the developments of benefit generosity and pension spending have been differently presented according to pension structure. Second, the cross-national pooled-time series analysis confirmed that pension structure is the most significant factors to determine the level of benefit generosity and pension spending. Third, the positive effect of population ageing on pension spendings were proved even without any changes of pension generosity. New social risks, however, have restrained the pension spending. Fourth, the power of the left party and labor union did not affect the pension policy, which implies that power resources theory cannot explain the development of pension policy in this retrenchment period.

Study on the Change of Nuclear Energy Policy: Before and After Fukushima Nuclear Accident (원자력 정책 변동에 관한 연구: 후쿠시마 원전 사고 전후를 중심으로)

  • Park, Soo-Kyung;Jang, Dong-Hyun
    • The Journal of the Korea Contents Association
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    • v.19 no.6
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    • pp.222-235
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    • 2019
  • Since Fukushima nuclear disaster occurred in 2011, the nuclear energy policy of the international society has been in recession. However, In Korea, the nuclear-friendly policy had remained and even expanded over the last 60 years until the Park Geun-hye government. In other words, there was the path dependence of nuclear energy policy. Since the Moon Jae-in government that pledged to perform nuclear phase-out policy in 2017 was inaugurated, the nuclear-friendly policy began to swerve from the course of path dependence. Based on the mai logic of historical institutionalism, this study looked into the change of Korean nuclear policy by before and after the Fukushima nuclear accident. As the result of this research, the external situation of Fukushima Nuclear Accident became a critical turning point and led to a change in the government's policy on nuclear power. From an institutional perspective, it influenced the paradigm of nuclear power policy, policy decision structure, and laws of nuclear power. From a doer's perspective, it influenced political idea and social acceptability. Since Moon Jae-in government was inaugurated in 2017, nuclear phase-out policy has secured its institutional foundation and nuclear power policy has basically changed from nuclear-friendly policy to nuclear phase-out policy. Therefore, the energy policy of Moon Jae-in government gets out of the nuclear power based path dependency that previous governments pursued, keeps punctuated equilibrium, and changes to renewable energy oriented policy.