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VaR(Value at Risk) for Korean Financial Time Series

  • Hwang, S.Y.;Park, J.
    • Journal of the Korean Data and Information Science Society
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    • v.16 no.2
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    • pp.283-288
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    • 2005
  • Value at Risk(VaR) has been proven useful in finance literature as a tool of risk management(cf. Jorion(2001)). This article is concerned with introducing VaR to various Korean financial time series. Five daily data sets with sample period ranging from 2000 and 2004 such as KOSPI, KOSPI 200, KOSDAQ, KOSDAQ 50 and won-dollar exchange rate are analyzed using GARCH modeling and in turn VaR is obtained for each data.

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Development of Streptococcus sanguinis-, Streptococcus parasanguinis-, and Streptococcus gordonii-PCR Primers Based on the Nucleotide Sequences of Species-specific DNA Probes Screened by Inverted Dot Blot Hybridization

  • Park, Soon-Nang;Kook, Joong-Ki
    • International Journal of Oral Biology
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    • v.38 no.2
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    • pp.43-49
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    • 2013
  • The objective of this study was to develop PCR primers that are specific for Streptococcus sanguinis, Streptococcus parasanguinis, and Streptococcus gordonii. We designed the S. sanguinis-, S. parasanguinis-, and S. gordonii-specific primers, Ssa21-F3/Ssa21-R2, Spa17-F/Spa17-R, and Sgo41-F1/Sgo41-R1 respectively, based on the nucleotide sequences of the Ssa21, Spa17, and Sgo41 DNA probes that were screened using inverted dot blot hybridization (IDBH). The species-specificity of these primers was assessed against 43 strains of mitis group streptococci, including clinical strains of S. sanguinis, S. parasanguinis, and S. gordonii. The resulting PCR data revealed that species-specific amplicons had been obtained from all strains of the target species tested, and that none of these amplicons occurred in any other strains from other species. These results suggest that the Ssa21-F3/Ssa21-R2, Spa17-F/Spa17-R, and Sgo41-F1/Sgo41-R1 primers may be useful in detecting S. sanguinis, S. parasanguinis, and S. gordonii at the species level, respectively.

Genetic Diversify and Population Structure of Two Korean Pond Frog Species, Rana nigromaculata and R. plancyi (Anura, Ranidae), with a Survey of Temporal Genetic Variation in R. nigromaculata

  • Suh-Yung Yang;Jong-Bum Kim;Mi-Sook Min;Jae-Hwa Suh
    • Animal cells and systems
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    • v.3 no.3
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    • pp.275-283
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    • 1999
  • Korean R. plancyi occupies a restricted area in western South Korea and shows a relatively low level of genic variability (%P=15.2, Ho=0.052, He=0.048). In contrast, R. nigromaculata is broadly distributed in South Korea. The observed low level of variability of R. nigromaculata (%P=14.3, Ho=0.042, He=0.043) is probably due to its recent colonization. Populations of R. nigromaculata exhibited considerable genetic differentiation (F$_{sT}$=0.149) and low level of gene flow (Nm=1.427) among populations, compared to those of R. Plancyi (F$_{sTF$_{sT}$}$=0.096, Nm=2.354), which occupies a restricted area. The observed levels of gene flow among populations of R. nigromaculata (Nm=1.427) over a broad geographic range is relatively higher than other amphibian species. The high level of gene flow is probably the result of the high dispersal abilities of R. nigromaculata. A survey of temporal genic variation of R. nigromaculata showed that there was no significant change on the overall average genetic diversity from 1978 (average He=0.044) to 1997 (average He=0.040). Wright's F-statistics also indicated no significant genetic differentiation from 1978 (F$_{sT}$=0.118) to 1997 (F$_{sT}$=0.108). This suggests that the environmental change appears to have had little influence on the genetic composition of R. nigromaculata in the study areas during the past 20 years. The low level of temporal variation might be due to the result of high dispersal abilities and wide migration range of this species.

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A Long-term Replenishment Contract under (R, S) Policy ((R, S)정책하에서의 장기 보충계약)

  • Kim, Yong Chan;Kim, Jong Soo
    • Journal of Korean Institute of Industrial Engineers
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    • v.30 no.3
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    • pp.241-249
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    • 2004
  • By committing to a long-term replenishment contract, suppliers can mitigate the pressure to find new customers and afford to charge a discounted price to buyers seeking to lower their purchasing costs. In this paper, we develop an analytical model from buyer's perspective for the contracting process to investigate the buyer-supplier interactions. Based on the developed model, we propose an algorithm to derive optimal strategy for the contract. We consider a system with a single buyer and a supplier in a situation where the buyer's inventory is controlled by (R, S) policy under VMI setting. According to the contract, the supplier should replenish the buyer's inventory up to a fixed level every R times during a specified period. The buyer purchases any deficient amount from a spot market at a higher price. We show by computational experiment that our proposed algorithm finds the global optimum solution.

GORENSTEIN MODULES UNDER FROBENIUS EXTENSIONS

  • Kong, Fangdi;Wu, Dejun
    • Bulletin of the Korean Mathematical Society
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    • v.57 no.6
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    • pp.1567-1579
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    • 2020
  • Let R ⊂ S be a Frobenius extension of rings and M a left S-module and let 𝓧 be a class of left R-modules and 𝒚 a class of left S-modules. Under some conditions it is proven that M is a 𝒚-Gorenstein left S-module if and only if M is an 𝓧-Gorenstein left R-module if and only if S ⊗R M and HomR(S, M) are 𝒚-Gorenstein left S-modules. This statement extends a known corresponding result. In addition, the situations of Ding modules, Gorenstein AC modules and projectively coresolved Gorenstein flat modules are considered under Frobenius extensions.

A STUDY OF LINKED STAR OPERATIONS

  • Paudel, Lokendra;Tchamna, Simplice
    • Bulletin of the Korean Mathematical Society
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    • v.58 no.4
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    • pp.837-851
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    • 2021
  • Let R ⊆ L ⊆ S be ring extensions. Two star operations ${\ast}_1{\in}Star(R,S)$, ${\ast}_2{\in}Star(L,S)$ are said to be linked if whenever $A^{{\ast}_1}= R^{{\ast}_1}$ for some finitely generated S-regular R-submodule A of S, then $(AL)^{{\ast}_2}=L^{{\ast}_2}$. We study properties of linked star operations; especially when ${\ast}_1$ and ${\ast}_2$ are strict star operations. We introduce the notion of Prüfer star multiplication extension ($P{\ast}ME$) and we show that under appropriate conditions, if the extension R ⊆ S is $P{\ast}_1ME$ and ${\ast}_1$ is linked to ${\ast}_2$, then L ⊆ S is $P{\ast}_2ME$.

Secondary Structure of the Ribosomal Internal Transcribed Spacer (ITS) Region of Hypsizygus marmoreus (느티만가닥버섯의 ITS (internal transcribed spacer) 영역의 2차구조 분석)

  • Woo, Ju-Ri;Yoon, Hyeokjun;You, Young-Hyun;Lee, Chang-Yun;Kong, Won-Sik;Kim, Jong-Guk
    • Journal of Life Science
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    • v.23 no.10
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    • pp.1260-1266
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    • 2013
  • The ribosomal DNA (rDNA) clusters of Hypsizygus marmoreus 3-10 and H. marmoreus 1-1 were analyzed in this study. The small subunit (SSU) and intergenic spacer 2 (IGS 2) was partially sequenced. The internal transcribed spacer 1 (ITS 1), 5.8S, internal transcribed spacer 2 (ITS 2), large subunit (LSU), intergenic spacer 1 (IGS 1), and 5S were completely sequenced. The rDNA clusters of H. marmoreus 3-10 and H. marmoreus 1-1 were 7,049 bp in length. The sequence of SSU rDNA, which corresponded to 18S rDNA, was 1,796 bp in length, and the sequence of LSU rDNA, which corresponded to 28S rDNA, was 3,348 bp in length. The ITS region that variable region and IGS region that non-transcribed spacer was 462 bp and 1,290 bp in length. The sequence of 5.8S rDNA and 5S rDNA was 153 bp and 43 bp in length, respectively. The 17 bp of the rDNA cluster in the H. marmoreus 3-10 strain was different to that in the H. marmoreus 1-1 strain, with 2 bp in the SSU, 3 bp in the ITS, 9 bp in the LSU, and 3 bp in the IGS. The analysis of the secondary structure revealed that the ITS regions of H. marmoreus 3-10 and H. marmoreus 1-1 have five stem-loop structures. Interestingly, among these structures, one different nucleotide sequence resulted in a different secondary structure in stem-loop V.

Effects of MicroRNA-106 on Proliferation of Gastric Cancer Cell through Regulating p21 and E2F5

  • Yao, Yong-Liang;Wu, Xiao-Yang;Wu, Jian-Hong;Gu, Tao;Chen, Ling;Gu, Jin-Hua;Liu, Yun;Zhang, Qing-Hui
    • Asian Pacific Journal of Cancer Prevention
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    • v.14 no.5
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    • pp.2839-2843
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    • 2013
  • Objective: To investigate the effects of miR-106b on malignant characteristics of gastric cancer cells, and explore possible mechanisms. Methods: Expression of miR-106b, p21 and E2F was determined by real-time PCR. Transfection with miR-106b mimics was conducted, and gastric cancer cells with miR-106b overexpression were obtained. Cells transfected with mimic mutants and those without transfection served as negative and blank controls, respectively. Flow cytometry and transwell assays were adopted to detect the effects of miR-106b overexpression on cell cycle, migration and invasion of gastric cancer cells. Results:. The expression of miR- 106b in gastric cancer cells was significantly higher than that in normal gastric mucosa cells. Furthermore, the expression level of miR-106b rose according to the degree of malignacy among the three GC cell strains (MKN- 45 > SGC-7901 > MKN-28). Overexpression of miR-106b shortened the G0/G1 phase and accelerated cell cycle progression, while reducing p21 and E2F5, without any significant effects on the capacity for migration and invasion of gastric cancer cells. Conclusions: miR-106b may promote cell cycling of gastric cancer cells through regulation of p21 and E2F5 target gene expression.