• Title/Summary/Keyword: Qualitative Method

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An Evolutionary Approach to Inferring Decision Rules from Stock Price Index Predictions of Experts

  • Kim, Myoung-Jong
    • Management Science and Financial Engineering
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    • v.15 no.2
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    • pp.101-118
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    • 2009
  • In quantitative contexts, data mining is widely applied to the prediction of stock prices from financial time-series. However, few studies have examined the potential of data mining for shedding light on the qualitative problem-solving knowledge of experts who make stock price predictions. This paper presents a GA-based data mining approach to characterizing the qualitative knowledge of such experts, based on their observed predictions. This study is the first of its kind in the GA literature. The results indicate that this approach generates rules with higher accuracy and greater coverage than inductive learning methods or neural networks. They also indicate considerable agreement between the GA method and expert problem-solving approaches. Therefore, the proposed method offers a suitable tool for eliciting and representing expert decision rules, and thus constitutes an effective means of predicting the stock price index.

A Geostatisitical Study Using Qualitative Information for Multiple Rock Classification II. Application (다분적 암반분류를 위한 정성적 자료의 지구통계학적 연구- II. 응용)

  • 유광호
    • Geotechnical Engineering
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    • v.14 no.1
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    • pp.29-36
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    • 1998
  • The application of a multiple rock classification method, which is a generalization of a binary rock classification, is studied in this paper. In particular, this paper shows how to incorporate qualitative data through a case study. The method suggested in this paper can be effectively used for a systematic multiple rock classification such as RMR system developed by Bieniawski. It will be very useful for rock classifications. In addition, it is known that the expected cost of errors can be atopted to indicate how well a investigation plan is made.

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An Economic Evaluation by a Scoring Model in the Nuclear Power Plants under Uncertainty (원전에서 점수산정모형에 의한 경제성 평가)

  • 강영식;함효준
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.22 no.52
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    • pp.311-322
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    • 1999
  • Major problems involved in an electrical utility expansion planning within a time horizon are how to efficiently deal with objectives considering multiple factors and uncertainty. But justification factors in study these days have considered only quantitative factors except qualitative factors. Therefore, the purpose of this paper is to develop a new model for economic evaluation of nuclear power plants through the scoring model with the quantitative and qualitative factors under uncertainty. The quantitative factors use a levelized generation cost method considering time value of money. Especially, the environmental, risk, and safety factors in this paper have been also explained for the rational economic justification of the qualitative factors under uncertainty. This paper not only proposes a new approach method using the scoring model in evaluating economy of the nuclear power plant in the long term, but also provides the more efficient decision making criterion for nuclear power plants under uncertainty.

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Analysis of trend in construction using textmining method (텍스트마이닝을 활용한 건설분야 트랜드 분석)

  • Jeong, Cheol-Woo;Kim, Jae-Jun
    • Journal of The Korean Digital Architecture Interior Association
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    • v.12 no.2
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    • pp.53-60
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    • 2012
  • In this paper, we present new methods for identifying keywords for foresight topics that utilize the internet and textmining techniques to draw objective and quantified information that support experts' qualitative opinions and evaluations in foresight. Furthermore, by applying this fabricated procedure, we have derived keywords to analyze priorities in architectural engineering. Not much difference between qualitative methods of experts and quantitative methods such as text mining has been observed from comparison between technologies derived via qualitative method from "The Science Technology Vision" (control group). Therefore, as a quantitative tool useful for drawing keywords for foresight, textmining can supplement quantitative analysis by experts. In addition, depending on the level and type of raw data, text mining can bring better results in deriving foresight keywords. For this reason, research activities accommodating Internet search results and the development of textmining methods for analyzing current trends are in demand.

Exploring Theory Synthesis through an Analysis of Situation-specific Theories in Korea (상황특이적 이론 합성을 통한 한국적 간호이론 개념 개발)

  • Suh, Eun-Young
    • Perspectives in Nursing Science
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    • v.8 no.1
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    • pp.10-19
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    • 2011
  • Purpose: This article was proposed to describe and summarize the following 1) the structural hierarchy of nursing knowledge and 2) the four different methods of concept analysis and concept development, which are used most frequently in nursing literature, and 3) to demonstrate a qualitative data synthesis of situation-specific theories in Korea in order to provide an venue for developing Korean-contextualized nursing theory. Methods: A literature review and a meta-synthesis were used. An interpretive integration method for the meta-synthesis was used to incorporate incorporating the results of ten qualitative studies in Korea. Results: The normative and extended concept of the self was one of the three foremost concepts. The experiences of being detached from a group and of being unlike others were perceived with distress to Korean participants. Lastly, as a coping method, complying with a higher flow or power was used. Conclusion: Based on the three concepts elicited in this article, a substantive theory which withholds Korean nursing concepts and essences is hoped to be developed in future.

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Development of a Planning Model of Rural Living Environment Facility by Information Benefit (정보편익에 의한 농촌생활환경시설의 계획 모델 개발)

  • Na, Joon-Yeop;Jung, Nam-Su;Lee, Jeong-Jae
    • Journal of Korean Society of Rural Planning
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    • v.12 no.4 s.33
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    • pp.77-82
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    • 2006
  • The objective of public works planning is being converted from economic growth to sustainable development. So, the demand for considering social & ecological influences as well as economic components had been increased in evaluation of public works planning. In evaluation of public works, its components related with benefit and cost in feasibility analysis can be classified to qualitative and qualitative elements. Qualitative elements are evaluated by qualitative methods which can manage various items, be commonly applied nationwide, and consider elements that can be calculated numerically such as environments, willingness, etc. In this study, using the concept of 'Information measure', a method to design planning of rural works is proposed. 'Information benefit model' for rural works can evaluate present plan in the side of provider's and demander's 'benefit'. And, optimizing method of rural works by 'Information benefit' can simulate present state and optimize the site and route of rural works.

Soft Set Theory Oriented Forecast Combination Method for Business Failure Prediction

  • Xu, Wei;Xiao, Zhi
    • Journal of Information Processing Systems
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    • v.12 no.1
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    • pp.109-128
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    • 2016
  • This paper presents a new combined forecasting method that is guided by the soft set theory (CFBSS) to predict business failures with different sample sizes. The proposed method combines both qualitative analysis and quantitative analysis to improve forecasting performance. We considered an expert system (ES), logistic regression (LR), and support vector machine (SVM) as forecasting components whose weights are determined by the receiver operating characteristic (ROC) curve. The proposed procedure was applied to real data sets from Chinese listed firms. For performance comparison, single ES, LR, and SVM methods, the combined forecasting method based on equal weights (CFBEWs), the combined forecasting method based on neural networks (CFBNNs), and the combined forecasting method based on rough sets and the D-S theory (CFBRSDS) were also included in the empirical experiment. CFBSS obtains the highest forecasting accuracy and the second-best forecasting stability. The empirical results demonstrate the superior forecasting performance of our method in terms of accuracy and stability.

Fault Diagnosis of an Electric Tool using Automaton (거동 반응을 이용한 전동공구 고장진단)

  • Lee, Seung-Mock;Choi, Yeon-Sun
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2006.05a
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    • pp.1328-1333
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    • 2006
  • For fault diagnosis of machines and equipments, knowledge-based method has been used widely but has some limitations for complex systems. These can be covered by model-based method. As one kind of model-based method, Qualitative modeling diagnosis method is developed in this research. The developed method uses output signal only. In this method quantization of the output signal mattes automata which can characterize the flow of the signal pattern to normal and fault respectively. As an example of the qualitative diagnosis method, an electric tool which has faults at gear and bearing were examined in this research. The result shows that the developed method can diagnose the fault clearly for the two fault cases.

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Risk Assessment Method for Guaranteeing Safety in the Train Control System (열차제어시스템 안전성 확보를 위한 리스크 평가 방법 분석)

  • Jo, Hyun-Jeong;Hwang, Jong-Gyu;Yoon, Yong-Ki
    • Proceedings of the KSR Conference
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    • 2006.11b
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    • pp.870-877
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    • 2006
  • Recently, failures of equipments are linked directly to extensive damages of human lives or financial losses from the increasing uses of train control equipments utilizing computers. Then safety activities have to progress for guaranteeing safety during the system life-cycle. In this paper, we examine the methods for risk analysis and assessment of safety activities and propose optimized one method for risk assessment. There are original risk assessment methods; risk graph and risk matrix method under the qualitative analysis, IRF(Individual Risk Formula) calculations and statistical calculations method under the quantitative analysis. Best-Practice(BP) risk analysis method is proposed for combining advantages of the qualitative and the quantitative analysis. In the comparison of risk graph and risk matrix method for safety estimation, BP method has no applications published up to now, but we can expect that this method will be utilized widely for the risk assessment due to various strong points.

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Disassemblity Assesment of Aircleaner in Passenger-vehicle by Fuzzy (퍼지공정을 이용한 차량용 에어크리너의 DFDA)

  • 진정선
    • Proceedings of the Korean Society of Machine Tool Engineers Conference
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    • 1999.10a
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    • pp.57-62
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    • 1999
  • A disassembility assessment has mostly depend on the subjective decision making from the qualitative element. It is not useful in the practical assessement because it is not specified. The purpose of this paper is an assessmet based on Fuzzy-study-rule. This rule is definitely modified fromnon-fuzzy language of qualitative element. The new assessment method of design for disassembility assessment(DFDA) is practical to introduce the fuzzy number as the conversion of quantitative element from qualitative. It is appled to air-cleaner of passenger-vehicle for the usefulness.

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