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Information Cascade and Share Market Volatility: A Chinese Perspective

  • Hong, Hui
    • The Journal of Asian Finance, Economics and Business
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    • v.3 no.4
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    • pp.17-24
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    • 2016
  • The purpose of this paper is to understand the underlying dynamics for the share market bubbles in China during the most recent decade. By using the behavioral finance theory and the Shanghai Composite index prices during the periods from 2005 to 2008 and from 2014 to 2015 as the study samples, we find that the large volatilities in the Chinese share market are closely related to information blockage, which impedes share prices to timely respond to economic conditions as well as external shocks and increases (decreases) the demand of shares when the supply is difficult to adjust. Although the Chinese government has introduced a series of programs designed to increase more reliable information to the public, the share market still tends to confront issues of information asymmetry. The potential reason is that the reforms did not change the long-stand situation in China, where individuals or groups related to government bureaucracy who play a dominant role in the society are given priority to gain access and obtain information that benefits. By identifying the main reasons for the large volatilities in the market, policy makers are given advice as to which areas they may need to focus on to improve future market performance.

Radio Resource Management Modeling in IEEE 802.16e Networks (IEEE 802.16 망을 위한 무선 자원 관리 모델링)

  • Ro, Cheul-Woo;Kim, Kyung-Min
    • The Journal of the Korea Contents Association
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    • v.8 no.1
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    • pp.169-176
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    • 2008
  • In this paper, we develop radio resource management queueing model in IEEE 802.IS networks considering both connection and packet level. In the upper level connection, we model connection admission control depending on availability of bandwidth and priority queue in each service class. In the lower level packet, we model dynamic bandwidth allocation considering threshold and availability of bandwidth in each service class simultaneously. Hierarchical model is built using an extended Petri Nets, SRN (Stochastic Reward Nets). Bandwidth utilization and normal throughput as performance index for all service classes of traffic are calculated and numerical results are obtained.

DISTRIBUTION AND SCOPE ANALYSIS OF SOIL AND WATER POLLUTION CONTAMINANT AT ABANDONED METALLIFEROUS MINES USING GIS

  • Kim, Jung-A;Yoon, Suk-Ho;Choi, Jong-Kuk;Kim, Won-Kyun
    • Proceedings of the KSRS Conference
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    • v.2
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    • pp.721-724
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    • 2006
  • Among many sources of soil and water pollution, former mining regions also play an important role in distribution and scope of pollution. In response, KMRC has made an investigation into the status mine hazard at the abandoned metalliferous mine area in Korea. In this study, we analyzed distribution of mine hazards at abandoned metalliferous mines using GIS. We considered the distribution of mine hazards and its magnitude for each abandoned mine and displayed the mine hazard index (MHI) using GIS. We divided the MHI value for each mine into 5 classes, and displayed the first class as smallest point symbol and the last class as biggest point symbol. The biggest symbol shows the most serious status of mine hazards. This GIS function was included in the AMGIS system KMRS are running, and it would be helpful to make decision of reclamation priority at abandoned metalliferous mine area.

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Development of Large Fire Judgement Model Using Logistic Regression Equation (로지스틱 회귀식을 이용한 대형산불판정 모형 개발)

  • Lee, Byungdoo;Kim, Kyongha
    • Journal of Korean Society of Forest Science
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    • v.102 no.3
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    • pp.415-419
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    • 2013
  • To mitigate forest fire damage, it is needed to concentrate suppression resources on the fire having a high probability to become large in the initial stage. The objective of this study is to develop the large fire judgement model which can estimate large fire possibility index between the fire size and the related factors such as weather, terrain, and fuel. The results of logistic regression equation indicated that temperature, wind speed, continuous drought days, slope variance, forest area were related to the large fire possibility positively but elevation has negative relationship. This model may help decision-making about size of suppression resources, local residents evacuation and suppression priority.

A Study on Fuzzy Rule Functional Verification for Service ratio Prediction of Server in ATM Networks (ATM망에서 서버의 서비스율 예측을 위한 퍼지 규칙 기능 검증에 관한 연구)

  • 정동성;이용학
    • Journal of the Institute of Electronics Engineers of Korea TC
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    • v.41 no.10
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    • pp.69-77
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    • 2004
  • In this thesis, we created a Fuzzy rule in a Fuzzy logic that are fuzzy logic which is composed of linguistic rules and Fuzzy inference engine for effective traffic control in ATM networks. The parameters of the Fuzzy rules are adapted to minimize the given performance index in both cases. In other words, the difuzzification value controls the service rate in the server to total traffic arrival ratio and buffer occupancy ratio using fuzzy set theory for traffic connected after reasoning. Also, show experiment result about rule by MATLAB6.5 and on-line bulid-up to verify validity of created Fuzzy rule. As a result, we can verify that service ratio in server is efficiently controlled by the total traffic arrival ratio and buffer occupancy ratio.

Bus 형 LAN의 Contention-Token 혼합형 프로토콜에 관한 연구

  • 김정선
    • Information and Communications Magazine
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    • v.4 no.4
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    • pp.505-524
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    • 1987
  • Nowaday all the countries of the world have studied the various problems caused in operating their own ports efficiently. Ship delay in the port is attributal to the inefficient operation in the navigation aids, the cargo handling, the storage and transfer facilities, and to the inefficient allocation of gangs or to a bad service for ships. Among these elements the allocation of gangs is the predominating factor in minimizing ship's turn round time. At present, in the case of Pusan Port. the labour union and stevedoring companies allocate gangs in every hatches of ships by a rule of thumb, just placing emphasis on minimizing ship's turn round time, without applying the principle of allocation during the cargo handling. Owing to this the efficiency of the cargo handling could not be expected to be maximized and this unsystematic operation result in supplying human resources of much unnecessary surplus gangs. Therefore in this paper the optimal size and allocation of gangs for minimizing the ship's turn round time is studied and formularized. For the determination of the priority for allocation the evaluation function, namely $F=PHi^{n}{\times}(W+H)$, can be obtained; where, PHI : Principal Hatch Index W : Total Cargo Weight represented in Gang-Shifts H : Total Number of Ship's hatches and also for the optimal size of gangs the average number of gang allocated per shift (Ng), namely Ng=W/PHI, is used. The proposed algorithm is applied to Pusan Port and its validity is verified.

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Colorectal Cancer and its Association with the Metabolic Syndrome: a Malaysian Multi-Centric Case-Control Study

  • Ulaganathan, V.;Kandiah, M.;Zalilah, M.S.;Faizal, J.A.;Fijeraid, H.;Normayah, K.;Gooi, B.H.;Othman, R.
    • Asian Pacific Journal of Cancer Prevention
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    • v.13 no.8
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    • pp.3873-3877
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    • 2012
  • Objective: Colorectal cancer (CRC) and the metabolic syndrome (MetS) are both on the rise in Malaysia. A multi-centric case-control study was conducted from December 2009 to January 2011 to determine any relationship between the two. Methods: Patients with confirmed CRC based on colonoscopy findings and cancer free controls from five local hospitals were assessed for MetS according to the International Diabetes Federation (IDF) definition. Each index case was matched for age, gender and ethnicity with two controls (140: 280). Results: MetS among cases was highly prevalent (70.7%), especially among women (68.7%). MetS as an entity increased CRC risk by almost three fold independently (OR=2.61, 95%CI=1.53-4.47). In men MetS increased the risk of CRC by two fold (OR=2.01, 95%CI, 1.43-4.56), demonstrating an increasing trend in risk with the number of Mets components observed. Conclusion: This study provides evidence fora positive association between the metabolic syndrome and colorectal cancer. A prospective study on the Malaysian population is a high priority to confirm these findings.

Characteristics of the Trade between Korea and China and the Implications for the Korea-China FTA (한.중 무역구조의 특성을 고려한 FTA 체결시 정책적 함의)

  • Lee, Seo-Young;Ahn, Byung-Min
    • International Commerce and Information Review
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    • v.12 no.4
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    • pp.235-253
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    • 2010
  • The export is an important economic growth strategy in South Korea. South Korea is strongly dependant on external trades. Bilateral trade between China and South Korea has been grown rapidly in recent years. The China is now Korea's first-largest trading partner. Thus, the Korea-China Free Trade Agrement (FTA) in South Korea's trade operations is very important. A discussion of Korea-China bilateral FTA commenced in 2004 November. This paper is to recognize the phenomenon of major issued fields in the Korea-China FTA such as a manufacturing, agriculture, customs and seek a negotiation strategy that are summarized as follows. In terms of trade based on manufacturing, it is necessary to divide into a private, general reduction and priority reduction item to recognize whether it is complementary or competitive on the specific industry in the FTA negotiation by using an index regarding supplement and competition of these two countries. In particularly sensitive agricultural field, FTA should be progressed gradually after giving a certain period of time of grace period on the basis of various flexible tariff systems in order to minimize agriculture damage as a result of the rapid growth from import of Chinese agricultural goods.

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Patient Expectations of Visiting Department of Oral Medicine for Burning Mouth Syndrome: Relationship between Expectations and Clinical and Psychological Characteristics

  • Kim, Hye-Kyoung;Kim, Mee-Eun
    • Journal of Oral Medicine and Pain
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    • v.44 no.4
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    • pp.147-153
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    • 2019
  • Purpose: The aims of this study were to investigate the expectation of patients with burning mouth syndrome (BMS) and assess the relationship between patient expectations and clinical and psychological characteristics. Methods: Eligibility was retrospectively assessed on 93 patients with BMS. A total of five questionnaires on patients' expectation for a visit, pain, sleep quality (Pittsburgh Sleep Quality Index), cognition (Pain Catastrophizing Scale) and psychological distress (Symptom Checklist-90 revised) were measured. Results: Sixty-five patients were included in this study. The top 3 priorities of expectation for a treatment visit to the Department of Oral Medicine were as following; "I want my pain to be free"; "I want to understand why it hurts"; "I want to communicate better with doctors about pain". Patients with priority of pain relief showed poor sleep quality than patients who are more interested in the disease related information. Conclusions: To improve treatment outcomes of BMS, clinicians should improve their own understanding of patients who are suffering from BMS. Inquiring about the patient expectations may be one of them, and it would contribute to the enhancement of patients' overall well-being.

Applying Connectivity Analysis for Prioritizing Unexecuted Urban Parks in Sungnam (연결성 분석을 통한 성남시 미집행 공원의 조성 우선순위 선정)

  • Ahn, Yoonjung;Lee, Dong-Kun;Kim, Hogul;Mo, Yongwon
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.17 no.3
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    • pp.75-86
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    • 2014
  • An urban ecosystem is a complex system that includes social, economic and ecosystems. Therefore, it is important to consider its environmental capacity while developing a city plan. Most of the plans, however, consider only the social aspects, which fragments the green spaces and disturbs the movement of species. Sungnam has approximately 100 parks with unexecuted development plans and with great potential to contribute towards urban ecosystem enhancement. Therefore, this study applied network analysis to prioritize the development of city parks and contribute towards improving the green network, with Parus spp. as the target species. To compensate for the drawbacks of binary and possibility-based network analysis, this study included two indices, namely $BC^{PC}_K$, $BC^{IIC}_K$, $dPCconnector_k$ and $dIICconnector_k$. These indices make it possible to find patches that could play an important role in green network enhancement. The urban park with greater value gets a higher priority to be transformed into a park. Thus, our methodology could prove to be very useful in prioritizing the undeveloped parks, thereby supporting decision-making.