• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.63-71
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• 2020

In this paper, we propose the new time-varying coefficient GARCH-in-Mean model. The benefit of our model is to allow the risk-return parameter in the mean equation to vary over time. At the end of 2019 to the beginning of 2020, the world witnessed two shocking events: COVID-19 pandemic and 2020 oil price war. So, we decide to use the daily data from December 2, 2019 to May 29, 2020, which cover these two major events. The purpose of this study is to find the dynamic movement between risk and return in four major oil markets: Brent, West Texas Intermediate, Dubai, and Singapore Exchange, during COVID-19 pandemic and 2020 oil price war. For the European oil market, our model found a significant and positive risk-return relationship in Brent during March 26-April 21, 2020. For the North America oil market, our model found a significant positive risk return relationship in West Texas Intermediate (WTI) during March 12-May 8, 2020. For the Middle East oil market, we found a significant and positive risk-return relationship in Dubai during March 12-April 14, 2020. Lastly, for the South East Asia oil market, we found a significant positive risk return relationship in Singapore Exchange (SGX) from March 9-May 29, 2020.

• 전기학회논문지
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• 제62권1호
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• pp.90-94
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• 2013

A low loss power dividing switch in a indoor microwave power distribution system is proposed and designed with a various power dividing ratio. Switching characteristics are analyzed by use of the S-parameter of the switch. Newly proposed switch showed a very low return loss less than -30dB at the operating frequency of 2.45GHz. Three kinds of the switch in which we take out individually 1/2, 1/3 and 1/4 of the input power were fabricated, and measured the delivered, transmitted, and return loss power ratio. Simulated results showed that the lower power ratio is, the better accurate operating performance shows. This switch can switch the input power from 4.5% to 58% with the variance of 5% output power. The experimental results are in good agreement with the simulation within the return loss of 1%.

• 한국농공학회지
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• 제29권3호
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• pp.138-144
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• 1987

This study was conducted to pursue the normalization of frequency distribution by making approach the coefficient of skewness to nearly zero tbrough SMEMAX transformation and to get probable minimum flows can be acquired by means of transforrnation equation which has been derivated by SMEMAX method to the annual minimum flow series of five watersheds along Geum river basin. The results obtained through SMEMAX method were compared with probable minimum flows according to return periods by Type III extremal distribution which has been determined as the best fitted one among probablility distributions for the analysis of minimum flow. All the results obtained through this study are summarized as follows. 1.SMEMAX transformation based on median value was proved to be the best method when the coefficient of skewness has less reliability because of the short duration for the observation and were not affected by accidental outliers. 2.SMEMAX transformation has found to be the best one for the coefficient of skewness to be made nearly zero in comparison with log and cubic root transformation. 3.Probable minimum flows according to the return periods were derivated by transformation equations obtained through theoretical analysis of SMEM AX transformation. 4.In general, probable minimum flows by SMEMAX method were appeared as higher values in the range of five and twenty years and as lower ones in the range of below than five and more than fifty years in return periods respectively, in comparison with the results of type III extremal distribution. 5.Relative errors in the probable minimum flows of SMEMAX method to the results of type III extremal distribution were shown to be within ten percent except those of one hundred years in return periods. 6.SMEMAX method was also confirmed to be useful for the analysis of minimum flow frequency as well as flood frequency analysis.

• 대한수학회논문집
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• 제10권2호
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• pp.419-438
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• 1995

We investigate a tansient diffusion approximation of queue size distribution in $M^{X}/G^{Y}/c$ system using the diffusion process with elementary return boundary. We choose an appropriate diffusion process which approxiamtes the queue size in the system and derive the transient solution of Kolmogorov forward equation of the diffusion process. We derive an approximation formula for the transient queue size distribution and mean queue size, and then obtain the stationary solution from the transient solution. Accuracy evalution is presented by comparing approximation results for the mean queue size with the exact results or simulation results numerically.

• 한국수자원학회:학술대회논문집
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• 한국수자원학회 2020년도 학술발표회
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• pp.362-362
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• 2020

Flash flood is a dangerous weather phenomenon, affecting humans and the economy. The identification, forecast of the changing trend and its characteristics are increasingly concerned. In the world, there have many methods for determining the characteristics of flash floods, in which flash flood guidance (FFG) is a fast, effective and widely used method. The main source of flash floods is short-term rainfall. In this study, we used the data of cross-sectional measurement at the tributaries and the hourly rain data from the automatic rainfall measurement stations in the Geum river basin. Besides, we use a combination of the flash flood guidance and the best fit distribution function to estimate the repeatability of flash floods for head-water catchments in Geum river basin. In which, FFG determines the threshold of rainfall for flash floods. The study has determined the best hourly rainfall distribution function for the Geum river basin and estimated the maximum rainfall of 1hr according to the return periods.

• 유통과학연구
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• 제21권1호
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• pp.73-83
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• 2023

Purpose: This study analyzed the influence of restaurant service perception on customer satisfaction and its implications on customers' attitude towards, intention to return to, and word-of-mouth (WOM) regarding a restaurant chain. Research design, data and methodology: Data from 421 respondents were collected using the convenience sampling method. After analyzing the data normality and removing responses with missing data and outliers, 342 responses were selected for further analysis, and the hypotheses were tested using Structural Equation Modeling (SEM). Results: We found that service perception affected customer satisfaction and customer satisfaction affected the customers' attitude toward the restaurant chain, which affected customers' intention to return and WOM about the restaurant chain. Conclusions: This paper provides one of the most important empirical results for managers in the restaurant sector, especially in Indonesia. Restaurant managers should thus provide training to their employees to improve the quality of the interaction with the customers and thereby increase customer satisfaction. The limitations listed in this study include the exclusion of respondents' income. For future research, we suggest investigating models of customer participation or consumer value co-creation for restaurant marketing success. Consumers are generic actors in the service ecosystem engaged in the value co-creation process.

• The Journal of Asian Finance, Economics and Business
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• 제9권3호
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• pp.203-215
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• 2022

Bayesian Networks are multivariate probabilistic factor graphs that are used to assess underlying factor relationships. From January 2005 to December 2018, the study examines how Dynamic Bayesian Networks can be utilized to estimate portfolio risk and return as well as determine inter-factor relationships among reversal profit-generating components in Pakistan's emerging market (PSX). The goal of this article is to uncover the factors that cause reversal profits in the Pakistani stock market. In visual form, Bayesian networks can generate causal and inferential probabilistic relationships. Investors might update their stock return values in the network simultaneously with fresh market information, resulting in a dynamic shift in portfolio risk distribution across the networks. The findings show that investments in low net profit margin, low investment, and high volatility-based designed portfolios yield the biggest dynamical reversal profits. The main triggering aspects related to generation reversal profits in the Pakistan market, in the long run, are net profit margin, market risk premium, investment, size, and volatility factor. Investors should invest in and build portfolios with small companies that have a low price-to-earnings ratio, small earnings per share, and minimal volatility, according to the most likely explanation.

• 한국수자원학회논문집
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• 제54권10호
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• pp.747-757
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• 2021

극한 강우의 정량화는 홍수방어계획의 수립에 대단히 중요하며 극한 강우의 일반적인 척도는 T-년 재현기간으로 표현된다. 본 연구에서는 기후정보와 지리정보가 결합된 계층적 베이지안 모형을 이용하여 재현기간별 일 강우량의 공간 분포 및 불확실성을 추정하는 방법을 제시하고 이를 서울-인천-경기 지역에 적용하였다. 한국 기상청에서 운영 중인 서울-인천-경기 지역의 6개 종관기상관측소의 연 최대 일 강우량이 일반화된 극치 분포에 적합되었다. 지점 빈도해석과 지수 홍수법을 이용한 지역 빈도해석으로부터 도출된 재현기간별 일 강우량과의 비교를 통하여 제안된 방법의 적용성 및 신뢰도를 살펴보았다. 모든 지점과 모든 재현기간에서 지수홍수법에 의한 지역 빈도해석의 불확실성이 가장 큰 것으로 나타났으며, 계층적 베이지안 모형에 의한 지역 빈도해석의 신뢰도가 가장 높은 것을 확인하였다. 제안된 방법은 서울-인천-경기 지역 및 공간적인 크기가 유사한 다른 지역에서 다양한 지속기간에 대한 확률강우량 지도를 생성하는데 사용될 수 있을 것이다.

• 한국방재학회 논문집
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• 제9권6호
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• pp.99-109
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• 2009

본 연구에서는 강원도내 정확한 극치강수분포를 파악하여 최근 증가하고 있는 재해를 예방하고자 지역빈도해석 방법을 이용하여 산정한 확률강수량과 공간분석을 통하여 강원도의 강수분포를 분석하였다. 강수자료는 강원도내 기상청 관할의 66개 관측소의 자료를 사용하였다. 지역빈도해석결과 GLO 분포형이 강원도에 가장 적합한 분포형으로 나타났다. 강수분포를 지속기간별로 분석한 결과 지속기간이 증가할수록 설악동, 대관령 및 청일 일원에서 높은 확률강수량을 나타내었으며, 지속기간에 따라서 강수의 공간분포가 확연히 변화됨을 확인하였다. 또한 재현기간별로 분석한 결과 재현기간이 길어질수록 지역별 강수 특성이 강하게 나타났다. 강원도 강수분포를 공간분석한 결과 영동지방에서는 일관적으로 높은 강수량이 발생하였으나 영서지방에서는 지속기간 및 재현기간에 따라 다양한 분포를 나타내었다. 따라서 지역별 강수량의 보다 정확한 예측을 위해서는 지역빈도해석 이외에 다양한 지리 및 기상조건을 고려할 수 있는 모형에 대한 연구가 필요할 것으로 판단된다.

• 한국방재안전학회논문집
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• 제15권2호
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• pp.45-56
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• 2022

가뭄 및 갈수시에 용수부족 현상이 발생하나 회귀수량을 고려한 대응이나 대책 마련이 진행되지 않고 있다. 이에 본 연구에서 자료기반의 기계학습 모형(LSTM)을 통해 회귀수량 중 하수종말처리장의 방류량을 예측하였다. 입력자료로 방류량, 유입량, 강수량, 수위를 사용하였고 예측 결과의 정확도를 개선하기 위하여 추가적으로 입력변수의 변동성 분포를 고려하였다. 방류량 자료의 변동성을 확인하기 위해서 관측값과 분포 사이의 잔차를 복합삼각함수 형태로 가정하여 이론적인 확률분포와 함께 방류량 최적의 분포 형태로 나타내었다. 변동성 분포를 고려한 입력자료를 이용한 결과와 그렇지 않는 결과를 비교한 결과, 오차정도가 감소함을 보였으며 이는 변동성 분포가 계절성을 상대적으로 잘 재현하였기 때문이라 판단된다. 따라서 본 연구에서 구축한 하수종말장처리장의 방류량 예측 모형을 활용할 경우 보다 정확한 회귀수량 예측이 가능하여 효율적인 하천수 관리 체계를 수립하는데 기초자료로 활용될 수 있을 것으로 기대된다.