• Journal of Forest and Environmental Science
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• v.33 no.1
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• pp.39-48
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• 2017

With the growing global concern about climate change, relationship between carbon stock density and tree species has become important for international climate change mitigation programmes. In this study, 150 Quadrats were laid down to assess the diversity, biomass and carbon stocks in each of the forest ranges (Barkot Range, Lachchiwala Range and Thano Range) of Dehra Dun Forest Division in Doon Valley, Western Himalaya, India. Community level carbon stock density was analyzed using Two Way Indicator Species Analysis. Species Richness and Shannon Weiner index was correlated with the carbon stocks of Doon Valley. Positive and weak relationship was found between the carbon stock density and Shannon Weiner Index, and between carbon stock density and Species Richness.

• The Journal of Information Technology and Database
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• v.6 no.1
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• pp.73-88
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• 1999

There have been a series of debates to determine whether it would be possible to forecast dynamic systems such as stock markets. Recently the introduction of chaos theory has allowed many researchers to bring back this issue. Their main concern was whether the behavior of stock markets is chaotic or not. These studies, however, present divergent opinions on this question, depending upon the method applied and the data used. And the issue of predictability based on the nonlinear, chaotic nature was not dealt extensively. This paper is to test the nonlinear nature of the Korea stock market and accordingly attempts to predict its behavior. The result indicates that our stock market represents a chaotic behavior. We also found out based on our simulation that executing buy/sell transactions based upon forecasts which were derived using the local approximation method outperforms the decision of holding without a buy/sell transaction.

• 제어로봇시스템학회:학술대회논문집
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• 1991.10b
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• pp.1858-1863
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• 1991

The theory of stock option pricing has, recently, attracted attention of many researchers interested not only in finance but also in statistics and control theory. In this field, the problem of estimating stock return volatility is, above all, of great importance in calculating actual stock option value. In this paper, we assume that the stock market is represented by the stochastic volatility model which is the same as that of Hull and White. Then, we propose an approximation function of option value. It is a type of Black-Sholes option formula in which the first and the second order moments of logarithmic stock value are modified in a special form from the original model. Finally, an algorithm of estimating the parameters of the stochastic volatility model is given, and parameters are estimated by using Nikkei 225 index option data.

• Proceedings of the Korean Society of Precision Engineering Conference
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• 2005.06a
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• pp.322-325
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• 2005

TTX(Tilting Train eXpress) is being designed for improving the speed of conventional railway. The purpose of this study is to evaluate energy absorbing capacity and driver's survivability for a design candidate of the front end structure of TTX. A FE model with honeycomb block, under frame, and body frame is generated for crash simulation. Based on a level-crossing accident scenario, numerical simulation is performed using LS-DYNA. The results of crash analysis show that strength improvement of the current front end structure design candidate is needed to ensure driver safety.

• Proceedings of the Korean Society of Precision Engineering Conference
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• 2005.06a
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• pp.393-397
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• 2005

Since the braking system of rolling stock is directly linked to it's safety, ensuring reliability of braking system and evaluation of performance of it are very important. To develope the performance of braking system, it is required advanced technology and gradually various factors in the field test result. This study is designed to analyze the air pressure control about braking force in rolling stock, also, by comparing braking force of high speed railway with that of high speed train. This paper suggests to establish a method of computation of braking force form the air pressure control. And The high speed train researches into patterns of braking system such as the train of speed up and introduction of electric and pneumatic braking system.

• East Asian Economic Review
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• v.21 no.2
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• pp.147-165
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• 2017

This study quantifies the dynamic interrelationship between the KOSPI index return and search query data derived from the Naver DataLab. The empirical estimation using a bivariate GARCH model reveals that negative contemporaneous correlations between the stock return and the search frequency prevail during the sample period. Meanwhile, the search frequency has a negative association with the one-week- ahead stock return but not vice versa. In addition to identifying dynamic correlations, the paper also aims to serve as a test bed in which the existence of profitable trading strategies based on big data is explored. Specifically, the strategy interpreting the heightened investor attention as a negative signal for future returns appears to have been superior to the benchmark strategy in terms of the expected utility over wealth. This paper also demonstrates that the big data-based option trading strategy might be able to beat the market under certain conditions. These results highlight the possibility of big data as a potential source-which has been left largely untapped-for establishing profitable trading strategies as well as developing insights on stock market dynamics.

• Journal of Korean Institute of Industrial Engineers
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• v.33 no.4
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• pp.410-418
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• 2007

This article suggests the methods to investigate adverse movement across global stock markets arising from insolvency of subprime mortgage in U.S. Our application deals with asymptotic tail dependence of daily stock index returns (KOSPI, DJIA, Shanghai Composite) of three countries; Korea, U.S., and China, over specific period via extreme value theory and copula functions. Daily stock index returns among three countries show higher extremal dependence during the period exposed to systematic shock. We confirm that extreme value theory and copula functions have potential to well describe the extreme dependence between three countries' daily stock index returns.

• The Korean Journal of Applied Statistics
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• v.13 no.2
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• pp.437-445
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• 2000

The present paper is introducing a new model so called TAR-GARCH in the context of stock price analysis Conventional models such as AR(l), TAR(l), ARCH(I) and GARCH( 1,1) are briefly reviewed and TAR-GARCH is suggested in analyizing domestic stock prices. Also, relevant iterative estimation procedure is developed. It is seen that TAR-GARCH provides the better fit relative to traditional first order models for stock prices data in Korea.

• Communications for Statistical Applications and Methods
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• v.25 no.2
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• pp.185-197
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• 2018

Measuring market fear is an important way of understanding fundamental economic phenomena related to financial crises. There have been several approaches to measure market fear or panic level in a financial market. Recently, herd behavior has gained its popularity as important economic phenomena explaining the fear in the financial market. In this paper, we investigate herd behavior in global stock markets with a focus on intercontinental comparison. While various risk measures are available for the detection of herd behavior in the market, we use the standardized herd behavior index in Dhaene et al. (Insurance: Mathematics and Economics, 50, 357-370, 2012b) and Lee and Ahn (Dependence Modeling, 5, 316-329, 2017) for the comparison of herd behaviors in global stock markets. A global stock market data from Morgan Stanley Capital International is used to study herd behavior especially during periods of financial crises.

• The Journal of the Korea institute of electronic communication sciences
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• v.7 no.3
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• pp.661-670
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• 2012

In order to construct a profitable stock trading model, three considerations must be resolved in the model in integrated manner: profit principle, trader's conditions and stock market trends. Generally, a model will be developed through long experiences of stock trading that requires quite amount of expenses and time. This paper analyzes the issues involved in those considerations and proposes a road map for a trading model.