• Title/Summary/Keyword: Quantitative measure

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Performance of Taiwanese Domestic Equity Funds during Quantitative Easing

  • Tan, Omer Faruk
    • The Journal of Asian Finance, Economics and Business
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    • v.2 no.4
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    • pp.5-11
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    • 2015
  • This study is the first to analyze performance of Taiwanese domestic equity funds between January 2009 and October 2014, the period during which quantitative redirected capital flows toward developing economies and the Taiwanese Stock Exchange Weighted Index compounded at approximately 12.9% annually. Adopting methods endorsed by earlier research, we evaluated 15 Taiwanese equity funds' performance relative to market averages using the Sharpe (1966) and Treynor (1965) ratios and Jensen's alpha method (1968). To test market timing proficiency, we applied the Treynor and Mazuy (1966) and Henriksson and Merton (1981) regression analysis methods. Jensen's alpha method (1968) was used to measure fund managers' stock selection skills. Results revealed that funds significantly under-performed Taiwan's average annual market return and demonstrated no exceptional stock-selection skills and market timing proficiency during the era of quantitative easing.

A Study on the Analysis of Part Commonality and Redundancy in a Product Line by Entropy Measure (엔트로피 척도(尺度)를 이용(利用)한 제품(製品)라인의 부품 (部品) 공통성(共通性) 및 중복성(重複性) 분석(分析)에 관(關)한 연구(硏究))

  • Ro, Jae-Ho
    • Journal of Industrial Technology
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    • v.3
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    • pp.39-46
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    • 1983
  • This paper presents a quantitative measure of the degree of part commonality and redundancy in a product line based on entropy measure of information theory. The several possible methods of analysis are discussed and the use of the entropy measure is discussed. These commonality and redundancy measure can be applied to analyze the usage pattern of part across a product line and to determine which parts have the broadest usage across the firm's product lines. An analysis of the results by entropy statistics is compared with the practical part usage in a simulation of several types of part usage's distributions.

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Quantitative Evaluation of the Level of Service of Sidewalk Using GPS (GPS 활용 보도 서비스수준의 정량적 평가)

  • Kim, Yong-Seok;Choe, Jae-Seong
    • Journal of Korean Society of Transportation
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    • v.29 no.6
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    • pp.85-93
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    • 2011
  • The width of sidewalk is one of the important factors constructing a pleasant pedestrian environment. The procedure for sidewalk width design based on the Level of Service is suggested in Korea Highway Capacity Manual. However, this manual does not give a difference between the sidewalk on the street with the passage of the subway, therefore, the different flow characteristic of these places is not appropriately reflected. Though the pedestrian flow in the subway encounters a frequent stop and go situation as like the platoon of vehicles, the similar condition is rarely observed at the urban streets. The new measure of LOS for sidewalk is in need. The study reviewed the prominent measure of LOS and carried out the outdoor experiment to evaluate the new measure. Particularity, GPS was used to collect the pedestrian foot path trajectory for the quantitative evaluation and the results from quantitative and qualitative are compared.

The quantitative analysis of combustive gases on fire by remote passive open path FT-IR spectrometer (Passive open-path FT-IR spectrometer를 사용한 원거리 화재 연소 가스 정량 분석)

  • Cho, Nam Wook;Cho, Won Bo;Kim, Hyo Jin
    • Analytical Science and Technology
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    • v.26 no.2
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    • pp.120-124
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    • 2013
  • It was studied to analyze the $CO_2$, CO, $SO_2$ standard gases of combustion gases by the open path FT-IR spectrometer with passive mode for remote analysis of air pollutant and volcano gases without IR lamp. As result, it was confirmed to have good linearity with more than 0.9 as correlation coefficients on the calibration curve of $CO_2$, CO concentration by MLR method. But in the case of $SO_2$, because the correlation coefficients were 0.88, the linearity could be lower. Finally, the concentration of three gases was predicted on in-site fire experiment under the condition of quantitative analysis. It could measure high $CO_2$ concentration as predicted result, but didn't measure the CO and $SO_2$. According to the result, it was possible to measure the combustion gases to long distance by only open path FT-IR spectrometer without infrared lamp.

A Study on Survey Questionnaire to Measure the Knowledge Level of the Foodborne Disease

  • Bae, Wha-Soo;Kim, Jung-In;Choi, Kook-Lyeol;Kim, Byung-Soo;Cho, Young-Joon;Oh, Dong-Kwan
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.1
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    • pp.37-51
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    • 2008
  • In this article, the aim is at evaluating the knowledge level of the foodbome disease by developing a reasonable survey questionnaire model. Each questions of the questionnaire is made up to check the knowledge covering the several fields of materials related to the foodbome disease. The pilot survey is implemented to evaluate the validity of questionnaire. Each question in questionnaire is scored to get the quantitative measure of the foodbome disease knowledge by converting the total score into 100 points.

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The Process Capability Index of Minimum Base on the Multiple Measuring Locations (다수 위치 측정에서 최소 기준에 의한 공정능력지수)

  • Lee, Do-Kyung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.4
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    • pp.114-119
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    • 2011
  • Process capability indices (PCls) have been widely used in manufacturing industries to provide a quantitative measure of process potential and performance. The previous studies have measured only one location on each part in the case of single variate. To calculate the reliable process capability, a couple of measuring locations on each part are required. In this paper, we propose a new system process capability index $SC_{pm}$ (m) which is the minimum value of the location PCls.

A Study on Measurements of IT Security Service Quality : Feasibility of Quantitative Measures (IT 보안 서비스 품질의 측정 방법에 관한 연구 : 정량 지표의 사용 가능성)

  • Kyung, Ji Hoon;Kim, Chong Su
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.4
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    • pp.30-38
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    • 2015
  • IT security service provides customers with the capability of protecting the networked information asset and infrastructures, and the scope of security service is expanding from a technology-intensive task to a comprehensive protection system for IT environment. To improve the quality of this service, a research model which help assess the quality is required. Several research models have been proposed and used in various service areas, but few cases are found for IT security service. In this work, a research model for the IT security quality has been proposed, based on research models such as SERVQUAL and E-S-QUAL. With the proposed model, factors which affect the service quality and the best quality measure have been identified. And the feasibility of using quantitative measures for quality has been examined. For analysis, structural equation modeling and various statistical methods such as principal component analysis were used. The result shows that satisfaction is the most significant measure affected by the proposed quality factors. Two quality factors, fulfillment and empathy, are the main determinants of the service quality. This leads to a strategy of quality improvement based on factors of emotion and perception, not of technology. The quantitative measures are considered as promising alternative measures, when combined with other measures. In order to design reliable quantitative measures, more work should be done on target processing time and users' expectation. It is hoped that work of this research will provide efficient tools and methods to improve the quality of IT security service and help future research works for other IT service areas.

The Assessment on the Characteristics of Quantitative Image in Digora$\textregistered$ (Digora$\textregistered$에서 정량영상의 특성에 대한 평가)

  • Kim Jae-Duk
    • Journal of Korean Academy of Oral and Maxillofacial Radiology
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    • v.29 no.2
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    • pp.397-405
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    • 1999
  • Purpose: To clarify the usefulness and the limitation of Digora system/sup (R)/ by evaluating the physical characteristics as the quantitative image on Image Plate(Ip). Materials and Methods: Radiograms were taken by Heliodent MD(Siemens Co.. Germany) with the image plate for adult. Cu-step wedge as reference material. and three pieces of dry mandibular bone. Image analysis was performed by single color enhancement. density measurement with histogram. The relationship between the exposure conditions and the distribution of the pixel values of the image. the variation of pixel values of each step of Cu-step wedge at two different area and Cu-equivalent value of three pieces of dry mandibular bone measure by the conversion equation. Results: There was no linear relationship between the exposure condition and the average pixel value of the image. of which the distribution was not even. The pixel value differences between the center portion and the periphery were ranged from 60 to 70 in vertical plane and from 15 to 26 in horizontal plane. Two plot profile formed at two different areas of the Cu-step wedge were different. The measured Cu-equivalent values showed the discrepancy among the times of measurement. Conclusion: As above results. Image Plate(Ip) of Digora system/sup (R)/ showed the limitation as the quantitative image. The physical property of IP was expected to need to be compensated for the quantitative evaluation of the bone or others

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Evaluation model for scientific research performance based on journal articles (연구성과의 질 제고를 위한 논문평가 모형개발)

  • Lee, Hyuck-Jai;Yeo, Woon-Dong;Lee, Sang-Pil
    • Journal of Korea Technology Innovation Society
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    • v.9 no.3
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    • pp.538-557
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    • 2006
  • The interest in performance evaluation of public R&D has been dramatically increased. Many tries have been made to measure and to evaluate the quality of research performance. Quantitative indicators are considered increasingly important for this purpose. The most widely used are the number of research articles, citations and Impact Factors. However, such indicators are strongly discipline-dependent, and hence they should be used with careful attention. In this study we tried to provide quantitative evidence on the latent problems of discipline-dependent indicators. We also tried to provide a set of quantitative indicators for evaluating publications as a result of research activities. We put our focus on the quantitative indicators reflecting the characteristics on disciplines and provided several indicators with guideline on their usage.

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The Analysis of Musle Fatigue for Urban Bus Driver using Electromyography (근전도를 이용한 시내버스 운전자 피로도 분석)

  • Kim, Kyong;Kim, Jae-Jun;Lee, Chan-Ki;Kim, Dong-Won;Kwon, Tae-Kyu
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2009.10a
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    • pp.584-590
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    • 2009
  • Since driving include compilcated actions that require a variety of abillity and cause extrme concentration or strain, divers tend to feel tired easiy. However, divers can't recognize fatigue degree by himself and accordingly the methods to measure quantitative fatigue degree exactly is quite difficult to be secured. In this study, the most efficient driving posture was suggested based on the analysis of quantitative muscular strength and fatigue degree according to posture. The driver whom we experimented included 9 commercial bus drivers. We also analyzed quantitative legs' muscular strength according te operating each pedal, left and right then we analyzed muscular strength and muscular fatigue degree according to driving pattern while driving commercial buses. And then we suggested the most efficient driving posture.

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