• Title/Summary/Keyword: Q-value model

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Testing the Relationship between Person-Organizational Value Fit and Performance (개인-조직가치 부합수준과 성과관계 검증)

  • Park, Yang-Kyu;Yeo, Sung-Chil
    • The Korean Journal of Applied Statistics
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    • v.24 no.2
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    • pp.411-424
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    • 2011
  • The studies of congruence in organizational research have explored the concepts such as person-job fit person-organization fit, or person-environment fit. The relevant studies dealt with the fit level as an important influencing factor on the performance. In particular, researchers have agreed that employees can be motivated by the high level fit of person-organization. However, few research developing an alternative methodological approach has been done. For the purpose mentioned above the statistics like D, |D| or $D^2$ and the Q values such as Q(the correlation between two sets of interval measures) or $Q_r$(the correlation between two rankings) have been conventionally adopted in spite of numerous methodological problems. In general, these traditional indices such as difference scores, or Q values, are nondirectional and add an extra weight to differences of lager magnitude. Therefore, Edwards (1993) introduced the polynomial regression and the response surface analysis to overcome flaws with conventional approaches. However, the method-ological approaches did not reflect the profile characteristics of person-organizational value fit and wouldn't be a proper solution for the fit level of person-organization value maximizing performance. Hence, this paper investigates alternative methodological approaches, the multivariate polynomial regression and the multiple response surface analysis, to avoid the problems issued from conventional ways.

A study on vertical inlet of inflow characteristics of the Shinwol rainwater storage & drainage system by design condition (신월빗물저류배수시설의 수직유입구 설계조건에 따른 유입특성 분석 연구)

  • Park, Su Ho;Oh, Jun Oh;Park, Jae Hyeon;Park, Chang Keun
    • Journal of Korea Water Resources Association
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    • v.50 no.2
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    • pp.129-138
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    • 2017
  • In this study, the hydraulic model test was performed for the 3 vertical inlets of the Shinwol rainwater storage & drainage system that Seoul City plans to install, and the control discharge value actually measured was analyzed comparing to the value obtained using the theoretical control discharge equation suggested by Yu and Lee (2009). In the results, it was 66~69% compared to the value obtained from theoretical equation showing that the control discharge value according to the theoretical equation is calculated excessively. The sensitivity analysis by design factor was performed using 3 models conducted in this study and 15 hydraulic experiment models conducted in existing research Yu and Lee (2009). The sensitivity analysis of control discharge equation was performed by dividing $Q_{cm}/Q_{cp}$ into 3 ranges. The suggested equation considered only the influence on the tangential intake structure design factor B, z, ${\beta}$, e/B, so ${\theta}$, L considered complex influence suggested equation needed to be more improved.

The Impact of Capital Structure on Firm Value: A Case Study in Vietnam

  • LUU, Duc Huu
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.287-292
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    • 2021
  • The article analyzes the impact of capital structure on the firm value of chemical companies listed on the stock market of Vietnam. Data was collected from the financial statements of 23 chemical firms listed on the Vietnam stock market from 2012 to 2019. Quantitative research method with regression model according to OLS, FEM, REM method is used; FGLS method is used to overcome the model's defects. In this research, firm value (Tobin's Q) is a dependent variable. Capital structure (DA), Return on assets (ROA), Asset turnover (AT), fixed assets (TANG), Solvency (CR), Firm size (SZ), Firm Age (AGE), and revenue growth rate (GR) are independent variables in the study. The analysis results show that the capital structure of firms in the chemical industry listed on the Vietnam stock market has an inverse correlation with firm value. Besides, firms with greater asset turnover, business size, and number of years of operation have lower firm value. This article helps corporate executives improve corporate value by adjusting their capital structure properly. Chemical firms adjusted their capital structure in the direction of gradually decreasing the debt ratio and gradually increasing equity. Firms use high debt, which has the effect of reducing the firm value of firms in the chemical industry.

A Study on the Behavior of Deformation in Soft Soils Subjected to Lateral Flow (측방유동을 받는 연약지반의 변형거동에 관한 연구)

  • 안종필;홍원표
    • Geotechnical Engineering
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    • v.10 no.2
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    • pp.25-40
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    • 1994
  • In order to investigate behavior of lateral flow by plasticity of soils and construction control due to it, in the case of unsymmetrical surcharge load on the soft soils, we examine the existing theoretical background, and compared and analysed the experimental results by model test. After model test fabricated by model test apparatus, which made full remolding samples of soft soils, we observed the state of behavior for deformation with increasing load step to constant time interval. The critical surcharge and ultimate capacity showed tendency to approach to the proposed value of Jaky and Meyerhof, and the lateral flow pressure of which the maximum value was acted on the depth calculated by z/H=0.26+1.71cu and one third value of the maximum lateral flow pressure acted on the ground surface, approach the trapezoid distribution And maximum lateral flow pressure will be calculated by proposed equation of Hong or simple equation which($\alpha=0.4$) the flow pressure coefficient . of proposed equation by Tschebotarioff exchanged to($\alpha=K_0$) . Basides, the failure surcharge by [(q/$y_m$)-q] and [$S_y-(y_m/S_y)$] showed the smaller than ultimate bearing capacity, especially failure criteria line of control diagram of [$S_y(y_m/S_y)$] will be calculated by following equation. $S_y.=3.15exp[-0.58(y_m/S_y)$

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A Study on Demand Forecasting Change of Korea's Imported Wine Market after COVID-19 Pandemic (코로나 팬데믹 이후 국내 수입와인 시장의 수요예측 변화 연구)

  • Jihyung Kim
    • The Journal of Bigdata
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    • v.8 no.2
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    • pp.189-200
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    • 2023
  • At the beginning of the COVID-19 pandemic, Korea's wine market had shrunk as other countries. However, right after the pandemic, Korea's imported wine consumption had been increased 69.6%. Because of the ban on overseas travel, wine was consumed in the domestic market. And consumption of high-end wines were increased significantly due to revenge spending and home drinking. However, from 2022 Korea's wine market has begun to shrink sharply again. Therefore this study forecasts the size of imported wine market by 2032 to provide useful information to wine related business entities. KITA(Korea International Trade Association)'s 95 time-series data per quarter from Q1 of 2001 to Q3 of 2023 was utilized in this research. The accuracy of model was tested based on value of MAPE. And ARIMA model was chosen to forecast the size of market value and Winter's multiplicative model was used for the size of market volume. The result of ARIMA model for the value (MAPE=10.56%) shows that the size of market value in 2032 will be increased up to USD $1,023,619, CAGR=6.22% which is 101% bigger than its size of 2023. On the other hand, the volume of imported wine market (MAPE=10.56%) will be increased up to 64,691,329 tons, CAGR=-0.61% which is only 15.12% bigger than its size of 2023. The result implies that the value of Korea's wine market will continue to grow despite the recent decline. And the high-end wine market will account for most of the increase.

Prediction of Solvent Effects on Rate Constant of [2+2] Cycloaddition Reaction of Diethyl Azodicarboxylate with Ethyl Vinyl Ether Using Artificial Neural Networks

  • Habibi-Yangjeh, Aziz;Nooshyar, Mahdi
    • Bulletin of the Korean Chemical Society
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    • v.26 no.1
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    • pp.139-145
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    • 2005
  • Artificial neural networks (ANNs), for a first time, were successfully developed for the modeling and prediction of solvent effects on rate constant of [2+2] cycloaddition reaction of diethyl azodicarboxylate with ethyl vinyl ether in various solvents with diverse chemical structures using quantitative structure-activity relationship. The most positive charge of hydrogen atom (q$^+$), dipole moment ($\mu$), the Hildebrand solubility parameter (${\delta}_H^2$) and total charges in molecule (q$_t$) are inputs and output of ANN is log k$_2$ . For evaluation of the predictive power of the generated ANN, the optimized network with 68 various solvents as training set was used to predict log k$_2$ of the reaction in 16 solvents in the prediction set. The results obtained using ANN was compared with the experimental values as well as with those obtained using multi-parameter linear regression (MLR) model and showed superiority of the ANN model over the regression model. Mean square error (MSE) of 0.0806 for the prediction set by MLR model should be compared with the value of 0.0275 for ANN model. These improvements are due to the fact that the reaction rate constant shows non-linear correlations with the descriptors.

Modified Finite Control Set-Model Predictive Controller (MFCS-MPC) for quasi Z-Source Inverters based on a Current Observer

  • Bakeer, Abualkasim;Ismeil, Mohamed A.;Orabi, Mohamed
    • Journal of Power Electronics
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    • v.17 no.3
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    • pp.610-620
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    • 2017
  • The Finite Control Set-Model Predictive Controller (FCS-MPC) for quasi Z-Source Inverters (qZSIs) is designed to reduce the number of sensors by proposing a current observer for the inductor current. Unlike the traditional FCS-MPC algorithm, the proposed model removes the inductor current sensor and observes the inductor current value based on the deposited prior optimized state as well as the capacitor voltage during this state. The proposed observer has been validated versus a typical MPC. Then, a comparative study between the proposed Modified Finite Control Set-Model Predictive Controller (MFCS-MPC) and a linear PID controller is provided under the same operating conditions. This study demonstrates that the dynamic response of the control objectives by MFCS-MPC is faster than that of the PID. On the other hand, the PID controller has a lower Total Harmonic Distortion (THD) when compared to the MFCS-MPC at the same average switching. Experimental results validate both methods using a DSP F28335.

ON THE ADAPTED EQUATIONS IN VARIOUS DYPLOID MODEL AND HARDY-WEINBURG EQUILIBRIUM IN A TRIPLOID MODEL

  • Won Choi
    • Korean Journal of Mathematics
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    • v.31 no.1
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    • pp.17-23
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    • 2023
  • For a locus with two alleles (IA and IB), the frequencies of the alleles are represented by $$p=f(I^A)={\frac{2N_{AA}+N_{AB}}{2N}},\;q=f(I^B)={\frac{2N_{BB}+N_{AB}}{2N}}$$ where NAA, NAB and NBB are the numbers of IAIA, IAIB and IBIB respectively and N is the total number of populations. The frequencies of the genotypes expected are calculated by using p2, 2pq and q2. Choi defined the density and operator for the value of the frequency of one gene and found the adapted partial differential equation as a follow-up for the frequency of alleles and applied this adapted partial differential equation to several diploid model [1]. In this paper, we find adapted equations for the model for selection against recessive homozygotes and in case that the alley frequency changes after one generation of selection when there is no dominance. Also we consider the triploid model with three alleles IA, IB and i and determine whether six genotypes observed are in Hardy-Weinburg for equilibrium.

Informative Role of Marketing Activity in Financial Market: Evidence from Analysts' Forecast Dispersion

  • Oh, Yun Kyung
    • Asia Marketing Journal
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    • v.15 no.3
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    • pp.53-77
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    • 2013
  • As advertising and promotions are categorized as operating expenses, managers tend to reduce marketing budget to improve their short term profitability. Gauging the value and accountability of marketing spending is therefore considered as a major research priority in marketing. To respond this call, recent studies have documented that financial market reacts positively to a firm's marketing activity or marketing related outcomes such as brand equity and customer satisfaction. However, prior studies focus on the relation of marketing variable and financial market variables. This study suggests a channel about how marketing activity increases firm valuation. Specifically, we propose that a firm's marketing activity increases the level of the firm's product market information and thereby the dispersion in financial analysts' earnings forecasts decreases. With less uncertainty about the firm's future prospect, the firm's managers and shareholders have less information asymmetry, which reduces the firm's cost of capital and thereby increases the valuation of the firm. To our knowledge, this is the first paper to examine how informational benefits can mediate the effect of marketing activity on firm value. To test whether marketing activity contributes to increase in firm value by mitigating information asymmetry, this study employs a longitudinal data which contains 12,824 firm-year observations with 2,337 distinct firms from 1981 to 2006. Firm value is measured by Tobin's Q and one-year-ahead buy-and-hold abnormal return (BHAR). Following prior literature, dispersion in analysts' earnings forecasts is used as a proxy for the information gap between management and shareholders. For model specification, to identify mediating effect, the three-step regression approach is adopted. All models are estimated using Markov chain Monte Carlo (MCMC) methods to test the statistical significance of the mediating effect. The analysis shows that marketing intensity has a significant negative relationship with dispersion in analysts' earnings forecasts. After including the mediator variable about analyst dispersion, the effect of marketing intensity on firm value drops from 1.199 (p < .01) to 1.130 (p < .01) in Tobin's Q model and the same effect drops from .192 (p < .01) to .188 (p < .01) in BHAR model. The results suggest that analysts' forecast dispersion partially accounts for the positive effect of marketing on firm valuation. Additionally, the same analysis was conducted with an alternative dependent variable (forecast accuracy) and a marketing metric (advertising intensity). The analysis supports the robustness of the main results. In sum, the results provide empirical evidence that marketing activity can increase shareholder value by mitigating problem of information asymmetry in the capital market. The findings have important implications for managers. First, managers should be cognizant of the role of marketing activity in providing information to the financial market as well as to the consumer market. Thus, managers should take into account investors' reaction when they design marketing communication messages for reducing the cost of capital. Second, this study shows a channel on how marketing creates shareholder value and highlights the accountability of marketing. In addition to the direct impact of marketing on firm value, an indirect channel by reducing information asymmetry should be considered. Potentially, marketing managers can justify their spending from the perspective of increasing long-term shareholder value.

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A Study on a Long-term Demand Forecasting and Characterization of Diffusion Process for Medical Equipments based on Diffusion Model (확산 모형에 의한 고가 의료기기의 수요 확산의 특성분석 및 중장기 수요예측에 관한 연구)

  • Hong, Jung-Sik;Kim, Tae-Gu;Lim, Dar-Oh
    • Health Policy and Management
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    • v.18 no.4
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    • pp.85-110
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    • 2008
  • In this study, we explore the long-term demand forecasting of high-price medical equipments based on logistic and Bass diffusion model. We analyze the specific pattern of each equipment's diffusion curve by interpreting the parameter estimates of Bass diffusion model. Our findings are as follows. First, ultrasonic imaging system, CT are in the stage of maturity and so, the future demands of them are not too large. Second, medical image processing unit is between growth stage and maturity stage and so, the demand is expected to increase considerably for two or three years. Third, MRI is in the stage of take-off and Mammmography X-ray system is in the stage of maturity but, estimates of the potential number of adopters based on logistic model is considerably different to that based on Bass diffusion model. It means that additional data for these two equipments should be collected and analyzed to obtain the reliable estimates of their demands. Fourth, medical image processing unit have the largest q value. It means that the word-of-mouth effect is important in the diffusion of this equipment. Fifth, for MRI and Ultrasonic system, q/p values have the relatively large value. It means that collective power has an important role in adopting these two equipments.