• Journal of Intelligence and Information Systems
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• v.27 no.1
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• pp.65-82
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• 2021

Stock market investors are generally split into foreign investors, institutional investors, and individual investors. Compared to individual investor groups, professional investor groups such as foreign investors have an advantage in information and financial power and, as a result, foreign investors are known to show good investment performance among market participants. The purpose of this study is to propose an investment strategy that combines investor-specific transaction information and machine learning, and to analyze the portfolio investment performance of the proposed model using actual stock price and investor-specific transaction data. The Korea Exchange offers daily information on the volume of purchase and sale of each investor to securities firms. We developed a data collection program in C# programming language using an API provided by Daishin Securities Cybosplus, and collected 151 out of 200 KOSPI stocks with daily opening price, closing price and investor-specific net purchase data from January 2, 2007 to July 31, 2017. The self-organizing map model is an artificial neural network that performs clustering by unsupervised learning and has been introduced by Teuvo Kohonen since 1984. We implement competition among intra-surface artificial neurons, and all connections are non-recursive artificial neural networks that go from bottom to top. It can also be expanded to multiple layers, although many fault layers are commonly used. Linear functions are used by active functions of artificial nerve cells, and learning rules use Instar rules as well as general competitive learning. The core of the backpropagation model is the model that performs classification by supervised learning as an artificial neural network. We grouped and transformed investor-specific transaction volume data to learn backpropagation models through the self-organizing map model of artificial neural networks. As a result of the estimation of verification data through training, the portfolios were rebalanced monthly. For performance analysis, a passive portfolio was designated and the KOSPI 200 and KOSPI index returns for proxies on market returns were also obtained. Performance analysis was conducted using the equally-weighted portfolio return, compound interest rate, annual return, Maximum Draw Down, standard deviation, and Sharpe Ratio. Buy and hold returns of the top 10 market capitalization stocks are designated as a benchmark. Buy and hold strategy is the best strategy under the efficient market hypothesis. The prediction rate of learning data using backpropagation model was significantly high at 96.61%, while the prediction rate of verification data was also relatively high in the results of the 57.1% verification data. The performance evaluation of self-organizing map grouping can be determined as a result of a backpropagation model. This is because if the grouping results of the self-organizing map model had been poor, the learning results of the backpropagation model would have been poor. In this way, the performance assessment of machine learning is judged to be better learned than previous studies. Our portfolio doubled the return on the benchmark and performed better than the market returns on the KOSPI and KOSPI 200 indexes. In contrast to the benchmark, the MDD and standard deviation for portfolio risk indicators also showed better results. The Sharpe Ratio performed higher than benchmarks and stock market indexes. Through this, we presented the direction of portfolio composition program using machine learning and investor-specific transaction information and showed that it can be used to develop programs for real stock investment. The return is the result of monthly portfolio composition and asset rebalancing to the same proportion. Better outcomes are predicted when forming a monthly portfolio if the system is enforced by rebalancing the suggested stocks continuously without selling and re-buying it. Therefore, real transactions appear to be relevant.

• Proceedings of the KIEE Conference
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• 1997.07c
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• pp.1130-1132
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• 1997

This paper proposed an application of artificial neural networks to security assessment(SA) in power system. The SA is a important factor in power system operation, but conventional techniques have not achieved the desired speed and accuracy. Since the SA problem involves classification, pattern recognition, prediction, and fast solution, it is well suited for Kohonen neural network application. Self organizing feature map(SOFM) algorithm in this paper provides two dimensional multi maps. The evaluation of this map reveals the significant security features in power system. Multi maps of multi prototype states are proposed for enhancing the versatility of SOFM neural network to various operating state.

• Journal of Intelligence and Information Systems
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• v.15 no.2
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• pp.49-59
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• 2009

Contents-based image retrieval methods are in general more objective and effective than text-based image retrieval algorithms since they use color and texture in search and avoid annotating all images for search. SIM(Self-organizing Image browsing Map) is one of contents-based image retrieval algorithms that uses only browsable mapping results obtained by SOM(Self Organizing Map). However, SOM may have an error in selecting the right BMU in learning phase if there are similar nodes with distorted color information due to the intensity of light or objects' movements in the image. Such images may be mapped into other grouping nodes thus the search rate could be decreased by this effect. In this paper, we propose an improved SIM that uses HSV color model in extracting image features with color quantization. In order to avoid unexpected learning error mentioned above, our SOM consists of two layers. In learning phase, SOM layer 1 has the color feature vectors as input. After learning SOM Layer 1, the connection weights of this layer become the input of SOM Layer 2 and re-learning occurs. With this multi-layered SOM learning, we can avoid mapping errors among similar nodes of different color information. In search, we put the query image vector into SOM layer 2 and select nodes of SOM layer 1 that connects with chosen BMU of SOM layer 2. In experiment, we verified that the proposed SIM was better than the original SIM and avoid mapping error effectively.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1910-1914
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• 2015

Human posture recognition is an attractive and challenging topic in computer vision due to its promising applications in the areas of personal health care, environmental awareness, human-computer-interaction and surveillance systems. Human posture recognition in video sequences consists of two stages: the first stage is training and evaluation and the second is deployment. In the first stage, the system is trained and evaluated using datasets of human postures to ‘teach’ the system to classify human postures for any future inputs. When the training and evaluation process is deemed satisfactory as measured by recognition rates, the trained system is then deployed to recognize human postures in any input video sequence. Different classifiers were used in the training such as Multilayer Perceptron Feedforward Neural networks, Self-Organizing Maps, Fuzzy C Means and K Means. Results show that supervised learning classifiers tend to perform better than unsupervised classifiers for the case of human posture recognition.

• Journal of the Korean Institute of Intelligent Systems
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• v.5 no.3
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• pp.3-10
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• 1995

This paper proposedan on-line learning controller which can be applied to nonlinear systems. The proposed on-line learning controller is based on the universal approximation by the local affine mapping-based neural networks. It has self-organizing and learning capability to adapt itself to the new environment arising from the variation of operating point of the nonlinear system. Since the learning controller retains the knowledge of trained dynamics, it can promptly adapt itself to situations similar to the previously experienced one. This prompt adaptability of the proposed control system is illustrated through simulations.

• Journal of Information Technology Applications and Management
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• v.17 no.3
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• pp.191-211
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• 2010

Existing models of knowledge processing do not feature a systemic meaning of knowledge management and ignore the role of leadership and social energy in the knowledge processing system (KPS). This conceptual paper introduces the Leadership Invigorating Flows of Energies, (LIFE) Model as an attempt to remedy that situation and provide a more useful description of the KPS. The LIFE Model highlights the role of emergent leadership and flows of social energies as forces encouraging knowledge creation and dynamic diffusion within an organization through the Knowledge Processing Cycle in eight activities interacting with its social knowledge base in a self-organizing system.

• Proceedings of the KIEE Conference
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• 1996.07b
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• pp.768-770
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• 1996

This paper propose neural network which is one of self-organizing techniques. It is composed neural network controller as input signal is error and change of error which is optimal output, and is learned system by using a error back-propagation learning algorithm is one of error mimizing learning methods. In order to achieve practical real time control reduce on learning time, it is applied to load-frequency control of nonlinear power system with using a moment learning method. It is described in such a case considering constraints for a rate of increace generation-rate.

• Journal of the Korean Institute of Intelligent Systems
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• v.16 no.1
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• pp.49-54
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• 2006

The recent fingerprint recognition system has unstable factors, such as copy of fingerprint patterns and hacking of fingerprint feature point, which mali cause significant system error. Thus, in this research, we used the fingerprint as the main recognition device and then implemented the multi-biometric recognition system in serial using the speech recognition which has been widely used recently. As a multi-biometric recognition system, once the speech is successfully recognized, the fingerprint recognition process is run. In addition, speaker-dependent DTW(Dynamic Time Warping) algorithm is used among existing speech recognition algorithms (VQ, DTW, HMM, NN) for effective real-time process while KSOM (Kohonen Self-Organizing feature Map) algorithm, which is the artificial intelligence method, is applied for the fingerprint recognition system because of its calculation amount. The experiment of multi-biometric recognition system implemented in this research showed 2 to $7\%$ lower FRR (False Rejection Ratio) than single recognition systems using each fingerprints or voice, but zero FAR (False Acceptance Ratio), which is the most important factor in the recognition system. Moreover, there is almost no difference in the recognition time(average 1.5 seconds) comparing with other existing single biometric recognition systems; therefore, it is proved that the multi-biometric recognition system implemented is more efficient security system than single recognition systems based on various experiments.

• Journal of Ecology and Environment
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• v.38 no.1
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• pp.95-107
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• 2015

Because an ecological community consists of diverse species that vary nonlinearly with environmental variability, its dynamics are complex and difficult to analyze. To investigate temporal variations of benthic macroinvertebrate community, we used the community data that were collected at the sampling site in Baenae Stream near Busan, Korea, which is a clean stream with minimum pollution, from July 2006 to July 2013. First, we used a self-organizing map (SOM) to heuristically derive the states that characterizes the biotic condition of the benthic macroinvertebrate communities in forms of time series data. Next, we applied the hidden Markov model (HMM) to fine-tune the states objectively and to obtain the transition probabilities between the states and the emission probabilities that show the connection of the states with observable events such as the number of species, the diversity measured by Shannon entropy, and the biological water quality index (BMWP). While the number of species apparently addressed the state of the community, the diversity reflected the state changes after the HMM training along with seasonal variations in cyclic manners. The BMWP showed clear characterization of events that correspond to the different states based on the emission probabilities. The environmental factors such as temperature and precipitation also indicated the seasonal and cyclic changes according to the HMM. Though the usage of the HMM alone can guarantee the convergence of the training or the precision of the derived states based on field data in this study, the derivation of the states by the SOM that followed the fine-tuning by the HMM well elucidated the states of the community and could serve as an alternative reference system to reveal the ecological structures in stream communities.

• Journal of the Korean Institute of Intelligent Systems
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• v.7 no.5
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• pp.34-45
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• 1997

In this paper, we present hardware implemcntation of self-organizing feature map (SOFM) neural networkwith constant adaptation gain and binary reinforcement function on FPGA. Whereas a tnme-varyingadaptation gain is used in the conventional SOFM, the proposed SOFM has a time-invariant adaptationgain and adds a binary reinforcement function in order to compensate for the lowered abilityof SOFM due to the constant adaptation gain. Since the proposed algorithm has no multiplication operation.it is much easier to implement than the original SOFM. Since a unit neuron is composed of 1adde $r_tracter and 2 adders, its structure is simple, and thus the number of neurons fabricated onFPGA is expected to he large. In addition, a few control signal: ;:rp sufficient for controlling !he neurons.Experimental results show that each componeni ot thi inipiemented neural network operates correctlyand the whole system also works well.stem also works well.