Based on surplus production models using fishery data for the last 20 years, a stock assessment was conducted for the small yellow croaker in Korean waters. The maximum sustainable yields (MSY) from the Schaefer and Fox models were estimated to be 37,000 metric tons (mt) and 33,450 mt. Zhang's model using time-series biomass with instantaneous coefficients of fishing mortality (F) and using time-series biomass and catch yielded MSY estimates of 45,328 mt and 40,160 mt, respectively. A yield-per-recruit analysis showed that the current yield per recruit of about 20g with F= 1.11 $yr^{-l}$, where the age at first capture $(t_c)$ is 0.604, was much lower than the maximum possible yield per recruit of 43g. Fixing $t_c$ at the current level and reducing fishing intensity (F) from 1.11 $yr^{-l}$ to 0.4 $yr^{-l}$ yielded only a small increase in predicted yield per recruit, from 20 to 25g. However, estimated yield per recruit increased to 43g by increasing $(t_c)$ from the current age (0.604) to age three with F fixed at the current level. This age at first capture corresponded to the optimal length which was obtained from the $F_{0.1}$ method. According to the analysis of stock recovery strategies employing the Zhang model, the optimum equilibrium biomass $(B^*_{MSY})$ which produces the maximum yield could be achieved after approximately five years at the lower fishing intensity (F=0.5).
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.
Annual biomasses of the hairtail, Trichiurus lepturus, were estimated from the biomass-based cohort analysis (Zhang, 1987), using data of annual catch in weight at age during $1970\~1988$ in Korean waters. Annual biomass of the hairtail was peaked at about 240,000 mt in 1975, and thereafter declined with a slight fluctuation. Adult biomass showed a peak in 1978 with about 55,000 mt. However, it has continuously decreased untill 1980 to the level of 9,000 mt and remained at this level till 1988. Age compositions of the hairtail in the 1980s differed greatly from those in the 1970s. The proportions of older hairtail (>4 years) were very low in the 1980s and even the biomasses of young hairtail $(1\~3\;years)$ were at a low evel in the 1980s compared with the level in 1970s. The 1973 and 1974 year classes appeared to be relatively dominant. The mean value of instantaneous rate of fishing mortality (F) in the 1980s was significantly different from that of the 1910s (P<0.05). Recruitment of the hairtail exhibited a similar trend with stock biomass until 1974, indicating the density-dependent Ricker curve.
Background: Species of the genera Eucalyptus, Cupressus, and Pinus are the most widely planted tree species in the country in general and in Chilimo dry Afromontane forest in particular. Eucalyptus covers 90% of the total planted forest area in the country. However, only limited information exists in the country regarding aboveground biomass (AGB), belowground biomass (BGB), growth, and yield. This study was conducted to assess the variables on 25 and 30 years of age for three planted species: Cupressus lusitanica, Eucalyptus saligna, and Pinus patula in Chilimo plantation forest, in the Central Highlands of Ethiopia. A two-times inventory was conducted in 2012 and 2017. A total of nine square sampled plots of 400 ㎡ each, three plots under Cupressus lusitanica, 3 Eucalyptus saligna, and 3 Pinus patula were used for data collection. Data on height, diameter, soil, and tree stumps were collected. Percent C, % N, and bulk density was performed following chemical procedure. Results: The aboveground biomass ranged from 125.76 to 228.67 t C ha-1 and the basal area and number of stems from 3.76 to 25.50 ㎡ ha-1 and 483 to 1175 N ha-1, respectively. The mean annual basal area and volume increment were between 0.97 and 1.20 ㎡ ha-1 year-1 and 10.79 and 16.22 ㎥ ha-1 year-1. Both carbon and nitrogen stock of the planted forest was non-significant among the tree species. Conclusion: The aboveground biomass, growth, and yield significantly varied among the species. Cupressus lusitanica had the highest aboveground biomass, volume, and basal area, while Eucalyptus saligna had the lowest value. To a depth of 1 m, total carbon stored ranged from 130.13 to 234.26 t C ha-1. The total annual carbon sequestration potential was 12,575.18 t CO2 eq. Eucalyptus has the highest carbon stock density and growth rate than other species.
The blackfin flounder Glyptocephalus stelleri is a commercially important species in the East Sea of Korea, but its catches and biomass have decreased gradually in recent years. This study estimated the optimal catch (acceptable biological catch, ABC) for the effective management of this species by estimating population ecology parameters and the stock biomass of blackfin flounder in the East Sea of Korea. The estimated instantaneous coefficient of total mortality (Z) of blackfin flounder was 1.0542/year, the survival rate (S) was 0.3485, and the instantaneous coefficient of natural mortality (M) was 0.3637/year. From the values of S and M, the instantaneous coefficient of fishing mortality (F) was calculated to be 0.6905/year. The age at first capture was 1.304 years, and the total length was 11.5 cm at that time. On the basis of these parameters, the annual biomass was estimated by a biomass-based cohort analysis using annual catch data in weight by year for 1991-2012 in the East Sea of Korea. The annual biomass peaked in 1997 at about 12,800 mt and then subsequently declined continuously to a level of 10,500 mt in 2004 and to 9,800 mt in 2011 and 2012. The maximum sustainable yield and $F_{0.1}$ were estimated as 3,547 mt and 0.3595/year, respectively. Using these estimations, the ABC was estimated to be 3,571 mt in tier 5, 3,397 mt in tier 4, and 2,622 mt in tier 3.
This study compared and estimated the changes in carbon stocks and emissions of harvested wood products (HWP) by applying FAO statistics and domestic statistics for Korean HWP production, import, and export volume, which is almost always supposed to be included in the carbon emissions and removals inventory by country in negotiations since the 2nd commitment period (2013~2017) of the Kyoto Protocol, for assessing the changes in carbon stocks and emissions of HWP. As a result, when applying FAO statistics to the changes in carbon stocks of HWP as of 2005, stock-change approach (SCA) was estimated at 1.434 Tg C, atmospheric-flow approach (AFA) -1.330 Tg C, and production approach (PA) 0.597 Tg C. When applying Korean statistics, SCA was estimated at 1.246 Tg C, AFA -11.520 Tg C, and PA 0.444 Tg C. When applying FAO statistics to $CO_2$ emissions and removals from HWP, SCA showed a decrease of $-5,258Gg\;CO_2$ (removals), AFA showed an increase of $4,877Gg\;CO_2$ (emissions), and PA showed a decrease of $-2,189Gg\;CO_2$ (removals). When applying Korean statistics, SCA showed a decrease of $-4,569Gg\;CO_2$ (removals), AFA showed an increase of $5,573Gg\;CO_2$ (emissions), and PA showed a decrease of $-1,628Gg\;CO_2$, (removals). Therefore, the application of FAO statistics was shown to be more beneficial for the estimation of both the changes in carbon stocks and emissions of HWP by all methods other than that of Korean statistics.
Kim, Yeong-Hye;Kwon, Dae-Hyeon;Lee, Dong-Woo;Chang, Dae-Soo;Kim, Jong-Bin;Kim, Seong-Tae;Ryu, Dong-Ki
The Korean Journal of Malacology
/
v.23
no.1
/
pp.31-38
/
2007
Population ecological parameters and stock biomass of the purplish washington clam, Saxidomus purpuratus (Sowerby), in the southern coastal areas of Korea were determined based on the fishery data from the Divers Fisheries Cooperative and other available biological data. Instantaneous coefficient of total mortality (Z) of purplish Washington clam was estimated to be 0.7479/year. The estimated instantaneous coefficient of natural mortality (M) was 0.2012/year. From the values of Z and M, the instantaneous coefficient of fishing mortality coefficient (F) for the recent years was calculated to be 0.4578/year. The age of purplish Washington clam at its first capture ($t_c$) was 2.7506 year. Yield-per-recruit and spawning biomass-per-recruit were estimated under harvest strategies that bases on $F_{max}$, $F_{0.1}$, $F_{35%}$ and $F_{40%}$ were shown as 81.60 g, 61.68 g, 115.07 g and 131.51 g, respectively. The acceptable biological catch (ABC) was estimated to be about 1,404 metric tons.
Yim, Jong-Su;Kim, Eun Sook;Kim, Chel Min;Son, Yeong Mo
Journal of Korean Society of Forest Science
/
v.104
no.2
/
pp.239-247
/
2015
Since 2006, new national forest inventory in Korea has been restructured to assess current status and and monitor the changes in forest resources based on permanent sample plots. The objective of estimate this study is to assess changes in forest resources such as land use/cover categories and forest stand variables. For this study, permanent plot data were collected between 2006-2008 and 2011-2013 in Chungcheongbuk-do, respectively. In order to produce land use/cover change matrix which plays an important role as an activity data for estimating GreenHouse Gas inventory, permanent plots were classified into six land use/cover categories. Additionally, matrixes for assessing the changes in age class and dominant tree species can provide more detailed information. For forest stand variables(tree density, basal area, growing stock, mean diameter at breath height, and mean height), their growth and change were assessed. The periodic annual growth ratios for tree density and basal area were slightly declined whereas that of growing stock was estimated to be about 3.7%. The uncertainty of changes in forest stand variables is less than 5%, except for tree density (RSE: 58%). The variation of tree density is relatively high compared to the other variables.
Inmyung Song;Sang Jun Jung;Eunja Park;Sang-Eun Choi;Eun-A Lim;Sanghyun Kim;Dongsook Kim
Health Policy and Management
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v.34
no.2
/
pp.106-119
/
2024
Drug shortage is a persistent phenomenon that poses a public health risk worldwide and occurs due to a range of causes. The purpose of this study is to review key policies to prepare for and respond to drug shortages in selected countries, such as the United States, Canada, and some European countries in order to draw implications. This study reviewed the reports and articles derived from search engines and Google Scholar by using keywords such as drug shortage and stock-out. Over the last decade or so, the United States have strengthened requirements on advance notification for disruption and interruption of drug manufacturing, established the Inter-agency Drug Shortages Task Force to promote the communication and coordination of responses, and expedited drug regulatory processes. Similarly, Canada established the Multi-Stakeholder Steering Committee on drug shortages by involving representatives from central and local governments and private sectors. Canada also adopted a tiered approach to the communication of drug shortages based on the assessment of the severity of the shortage problem and released a detailed information guide on communication. In 2019, the joint task force between the European Medicines Agency and the Heads of Medicines Agencies issued guidelines on drug shortage communication in the European Economic Area. The countries reviewed in this paper focus on communication across different stakeholders for the monitoring of and timely response to drug shortages. The efforts to protect public health from the negative impact of the drug shortage crisis would require multi-sectorial and multi-governmental coordination and development of guidelines.
This study was carried out in degraded and non-degraded community forests (CF) in the Terai region of Kanchanpur district, Nepal. A total of 63 concentric sample plots each of 500 ㎡ was laid in the inventory for estimating above and below-ground biomass of forests by using systematic random sampling with a sampling intensity of 0.5%. Mallotus philippinensis and Shorea robusta were the most dominant species in degraded and non-degraded CF accounting Importance Value Index (I.V.I) of 97.16 and 178.49, respectively. Above-ground tree biomass carbon in degraded and non-degraded community forests was 74.64±16.34 t ha-1 and 163.12±20.23 t ha-1, respectively. Soil carbon sequestration in degraded and non-degraded community forests was 42.55±3.10 t ha-1 and 54.21±3.59 t ha-1, respectively. Hence, the estimated total carbon stock was 152.68±22.95 t ha-1 and 301.08±27.07 t ha-1 in degraded and non-degraded community forests, respectively. It was found that the carbon sequestration in the non-degraded community forest was 1.97 times higher than in the degraded community forest. CO2 equivalent in degraded and non-degraded community forests was 553 t ha-1 and 1105 t ha-1, respectively. Statistical analysis showed a significant difference between degraded and non-degraded community forests in terms of its total biomass and carbon sequestration potential (p<0.05). Studies indicate that the community forest has huge potential and can reward economic benefits from carbon trading to benefit from the REDD+/CDM mechanism by promoting the sustainable conservation of community forests.
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