• Title/Summary/Keyword: Period ratio

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Are Korean Industry-Sorted Portfolios Mean Reverting?

  • Moon, Seongman
    • East Asian Economic Review
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    • v.20 no.2
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    • pp.169-190
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    • 2016
  • This paper tests the weak-form efficient market hypothesis for Korean industry-sorted portfolios. Based on a panel variance ratio approach, we find significant mean reversion of stock returns over long horizons in the pre Asian currency crisis period but little evidence in the post-crisis period. Our empirical findings are consistent with the fact that Korea accelerated its integration with international financial market by implementing extensive capital liberalization since the crisis.

A Study on the Perception and the Anchoring Effect for the Food Period (식품기한에 대한 인식 및 앵커링 효과에 대한 연구)

  • Yang, Sung-Bum
    • Korean Journal of Organic Agriculture
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    • v.31 no.1
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    • pp.63-77
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    • 2023
  • The purpose of this study is to help operate and manage the new food period, use-by-date by investigating consumer perception of various food periods, and change of purchasing and consumption period by food period label. Compared to the purchasing period of sell-by-date, the ratio of the purchasing period also increased as the proposed period of the use-by-date and the best before date increased. The use-by-date should be set at least 15 days to reduce food waste as the consumption period is the same as the sell-by-date. This can be said to have an anchoring effect that changes the purchasing and consumption period of consumers depending on how much the food period is indicated even for the same product. In order to reduce consumer confusion and food waste due to sell-by-date, it is considered to label the sell-by-date and use-by-date or use-by-date and best before date in parallel.

A Study on Vertical Distribution and Origin of Particulate Organic Matter in Shingu Reservoir in Pre-monsoon and Post-monsoon Period - Application of Carbon and Nitrogen Stable Isotope Ratio - (하계 강우기 전.후 신구저수지 내 입자성유기물의 수직분포 및 기원 연구 - 탄소 및 질소 안정동위원소비의 활용 -)

  • Kim, Min-Seob;Lee, Yeon-Jung;Shin, Kyung-Hoon;Hwang, Soon-Jin
    • Korean Journal of Ecology and Environment
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    • v.41 no.spc
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    • pp.27-34
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    • 2008
  • The vertical distribution and origin of particulate organic matter (POM) were investigated in Shingu reservoir on 4th July (pre-monsoon) and 7th August (post-monsoon) 2006. High turbid water (120 NTU) were found at 4.5 m water depth in postmonsoon period. The average C/N ratio of POM was about 5.70 and 6.96 in surface water and bottom water, respectively in pre-monsoon period, exhibiting the close values to its ratio in phytoplankton cell. However, the average C/N ratio was 7.10 in surface water and 12.81 in bottom water in post-monsoon period. In addition, the ${\delta}^{13}C$ values of POM in pre-monsoon period ranged from -25.1%o to -26.1%o in whole water column, but the ${\delta}^{13}C$ values of POM in post-monsoon period showed relatively wide range between -23.2%o and -27.5%o. The apparently lighter values (average -27.5%o) in near bottom water (4.5 m water depth) demonstrate that POM in high turbid water in post-monsoon period may be derived from the outside terrestrial plants through heavy rainfall during the summer monsoon period. The present study suggests that carbon and nitrogen stable isotope ratios as well as C/N ratios should be useful indexes to clarify the origin of POM.

Nonlinearity effect on the dynamic behavior of the clayey basin edge

  • Hadi Khanbabazadeh
    • Geomechanics and Engineering
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    • v.36 no.4
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    • pp.367-380
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    • 2024
  • Investigations has shown that the correct estimation of the effective amplification period is as important as the amplification value itself. It gets more important in 2D basins. This study presents a quantitative coefficient for consideration of the nonlinearity effect in terms of amplification value and the shift in its period which is missing or ineffectively considered in the previous studies. To attain this goal, by the application of a time domain fully nonlinear method, the deviation of the more common equivalent linear results from the basin nonlinear behavior under strong ground motions is investigated quantitatively. Also, despite the increase in the damping ratio, the possibility of the increase in the amplification due to the increase in motion strength is shown. To make the results useful in engineering practice, by introducing nonlinearity ratio, the effect of the nonlinearity is quantitatively estimated for two soft and stiff clayey basins with three different depths under a set of motions scaled to two target spectrum. Results show that at the 100 m depth soft clayey basin, while the nonlinearity ratio shows a 35% deviation at the basin edge part under DD1 motion level, its effect moves to the central part with 20% effect under DD3 motion level. By the increase in depth to 150 m, the results show a decrease in the overall effect of the nonlinear behavior for both clay types. At this depth, the nonlinearity ratio gives a 30% and 17% difference on a limited distance from outcrop at the soft clayey basin under DD1 and DD3 motion levels, respectively. At the 30 m depth basins, the nonlinearity ratio shows up to 25% difference for different cases. The presented ratio would be introduced as nonlinearity coefficients for consideration of the nonlinearity effects in the codes. The presented quantitative margins will help the designer to have a better understanding of the amplification period change because of nonlinearity over 2D basin surface.

Quality of Service Parameters Estimation Model for Adaptive Bandwidth Service in Mobile Cellular Networks (적응형 서비스를 제공하는 이동통신망에서의 서비스 품질 척도 추정 모델)

  • Jung, Sung Hwan;Hong, Jung Wan;Lie, Chang Hoon
    • Journal of Korean Institute of Industrial Engineers
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    • v.33 no.1
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    • pp.153-163
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    • 2007
  • An adaptive framework paradigm where the bandwidth values of the ongoing calls vary according to the trafficsituations is one of the promising concepts for overcoming poor resource conditions due to handoffs in mobilecellular networks. However, quantifying the level of bandwidth degradation of the ongoing calls in an adaptiveframework is important in view of Quality of Service (QoS) Provisioning. Therefore we introduce new QoSparameters, the Degradation Degree Ratio (DDR), which represents the average portion of the degradationdegree during degradation pehod of a call, and the Degradation Area Ratio (DAR), which represents the averageratio of a call's degradation level considering both the period and the degree of degradation jointly in multi-levelbandwidth service. We also develop a new analytical model for estimating the QoS measures such as theDegradation Pehod Ratio (DPR), DDR and DAR. We show how to calculate the QoS measures and illustrate themethod by numerical examples. The proposed model can be used to determine the optimal parameter of theCAC scheme and analyze the sensitivity ofthe QoS parameters in adaptive networks.

도시 소하천 개발에 따른 유출 변화량의 모의기법에 관한 연구

  • 김성원;조정석
    • Journal of Environmental Science International
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    • v.7 no.4
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    • pp.451-460
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    • 1998
  • The objectives of this study Is to evaluate the total runoff yield, peak flow and peak flow travel time depending on the urbanization, return period and rainfall patterns at the downstream of Manchon urban watershed in TaeGu City. SWM(Storm Water Management Model) is used for runog analysis based on 5 different steps of urbanization and 4 different types of Hufrs quartile according to 8 return periods. It is analyzed that the order of total runoff yield according to raiun patterns is Huffs 4, Huffs 2. Huffs 3 and Huffs 1 quartile, that of peak flow magnitude is Huffs 2, Huffs 1, Huffs 4 and Huffs 3 quartile at present development ratio. under the 60, 70, 80 and 90ft of urbanization to the 50% of urbanization by means of the rainfall patterns, the mean Increasing ratio of total runoff yield for each case is 4.55, 11.43, 16.07 and 20.02%, that of peak flow is 5.82, 13.61, 17.15 and 18.83%, the mean decreasing ratio of peak flow travel time Is 0.00, 2.44, 5.07 and 6.26%, the mean increasing ratio of runoff depth Is 4.51, 11.42, 16.02 and 20.05% respectively. the mean increasing ratio of total runoff yield by means of each and 19.71%. Therefore, as the result of this study. it can be used for principal data as to storm sewage treatment and flood damage protection planning in urban small watershed.

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Dividend Policy and Companies' Financial Performance

  • KANAKRIYAH, Raed
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.531-541
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    • 2020
  • This study aims to determine the nature of the association between dividend policy and a corporation's financial performance in emerging countries, as well as the main variables that may have an effect on financial performance. The study included 92 industrial and service sector companies listed on the Amman Stock Exchange (ASE) during the period from 2015 to 2019. The study used Panel Data Analysis and cross-sectional time-series data and simple and multiple linear regression models. A multiple regression model was also developed in order to test whether guess factors may have a possible impact on financial performance (such as Dividend Yield, Dividend Pay-out Ratio, Firm Size, Leverage Ratio, Current Ratio). The data was collected from the annual reports and information that was available on the ASE website covering the period from 2015 to 2019. The results detect a strong relation between DY, DPR, and FSIZE variables that explain firm performance. Also leverage ratio is negatively and significantly associated with ROA and AOE. Moreover, no relations were detected between current ratio and financial performance. The study's conclusion is that dividend policy explains a lot of a company's financial performance, meaning that the dividend policy has a statistically significant impact on company financial performance.

Inelastic Displacement Ratio for SDOF Bilinear and Damping Systems (이선형 단자유도 감쇠시스템의 비탄성변위비)

  • Han, Sang-Whan;Bae, Mun-Su;Cho, Jong
    • Journal of the Earthquake Engineering Society of Korea
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    • v.11 no.6
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    • pp.53-61
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    • 2007
  • This study investigates the effect of site class, post-yield stiffness ratio, damping ratio, yield-strength reduction factor, and natural period on inelastic displacement ratio of bilinear SDF systems located at the sites classified as NEHRP site class B,C,D. The previous studies developed inelastic displacement ratio using equal displacement rule in the intermediate and long period range. But, this approximation overestimates the inelastic displacement ratio. Furthermore, inelastic displacement ratio has not been developed for the systems having a damping ratio less than 5%. This study conducts nonlinear regression analysis for proposing equations for calculating median and deviation of the inelastic displacement ratio of the bilinear SDOF system having damping ratios ranging from 0 to 20%. Using median and deviation of the inelastic displacement ratio, probabilistic inelastic displacement ratio is estimated, which can be used for performance-based seismic evaluation.

Physiological studies on cell division by the technique of synchronous culture of chlorella (II) (클로렐라의 동조배양법에 의한 세포분열의 생리학적 연구 2)

  • 이영녹;심웅섭
    • Korean Journal of Microbiology
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    • v.7 no.1
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    • pp.10-21
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    • 1969
  • The effect of glucose and 2-thiobarbituric acid on the biosynthesis of cell constituents such as protein, carbohydrate, DNA, RNA, phospholipid and PCA-soluble phosphate compounds in Chlorella duing the life cycle was measured, and the changes in the content of these main cellular components of the algal cell were analyzed in connection with the nuclear and cytoplasmic divison. In the normal autotrophic synchronous culture the contents of protein, RNA, and DNA in the cell showed a chracteristic changes according to the progress of cell development, increasing more or less throughout all the life cycle. The synthesis of protein is more prominent in the division period nad that of DNA is more active in the ripening period, while the synthesis of RNA is more rapid in the growing and ripening periods than other developmental stages. The period of division cycle was little affected by glucose in the medium, although the synchrony of the growth and cellular division was disturbed and the n value increased. The cotents of protein, carbohydrate, RNA nad DNA of the cell were increased by the glucose treatment throughout all the life cycle. On the other hand, both of cellular growth and division were retarded severely and the n value was decreased by the 2-thiobarbituric acid treatment throughout all the life cycle. On the other hand, both of cellular growth and division were retarded severely and the n value was decreased by the 2-thiobarbituric acid treatment. The synthesis of protein, carbohydrate, DNA, RNA and phospholipid of the cell was also retarded by 2-thiobarbituric acid. In the autotrophic, mixotrophic and 2-thiobarbituric acid-treated cultures, each having different mode cytoplasmic division, a common general schema occurring in the cell during the life cycle may be drawn as follows. The ratio of RNA to protein attains maximum value in the $L_1$-cell stage prior to the nuclear division and thereafter decreases during the periods of ripening and division. The ratio of PCA-soluble phosphate compounds to protein increased from the begining of the culture to $L_4$-cell stage successively and thereafter decreased gradually during the division period, while the ratio of protein to DNA kept almost constant up to the division period and thereafter increased during the division period. Therefore, it is presumed that the increase in the ratio of RNA to protein is to be an inducer of nuclear division and that the cytoplasmic division is induced by the increase in the ratio of protein to DNA.

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Bone Flap Resorption Following Cranioplasty with Autologous Bone : Quantitative Measurement of Bone Flap Resorption and Predictive Factors

  • Park, Sang Pil;Kim, Jae Hoon;Kang, Hee In;Kim, Deok Ryeong;Moon, Byung Gwan;Kim, Joo Seung
    • Journal of Korean Neurosurgical Society
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    • v.60 no.6
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    • pp.749-754
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    • 2017
  • Objective : To quantitatively measure the degree of bone flap resorption (BFR) following autologous bone cranioplasty and to investigate factors associated with BFR. Methods : We retrospectively reviewed 29 patients who underwent decompressive craniectomy and subsequent autologous bone cranioplasty between April 2005 and October 2014. BFR was defined as : 1) decrement ratio ([the ratio of initial BF size/craniectomy size]-[the ratio of last BF/craniectomy size]) >0.1; and 2) bone flap thinning or geometrical irregularity of bone flap shape on computed tomographic scan or skull plain X-ray. The minimal interval between craniectomy and cranioplasty was one month and the minimal follow-up period was one year. Clinical factors were compared between the BFR and no-BFR groups. Results : The time interval between craniectomy and cranioplasty was $175.7{\pm}258.2$ days and the mean period of follow up was $1364{\pm}886.8$ days. Among the 29 patients (mean age 48.1 years, male : female ratio 20 : 9), BFR occurred in 8 patients (27.6%). In one patient, removal of the bone flap was carried out due to severe BFR. The overall rate of BFR was $0.10{\pm}0.11$ over 3.7 years. Following univariate analysis, younger age ($30.5{\pm}23.2$ vs. $54.9{\pm}13.4$) and longer follow-up period ($2204.5{\pm}897.3$ vs. $1044.1{\pm}655.1$) were significantly associated with BFR (p=0.008 and 0.003, respectively). Conclusion : The degree of BFR following autologous bone cranioplasty was 2.7%/year and was associated with younger age and longer follow-up period.