• 재무관리연구
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• 제23권2호
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• pp.1-25
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• 2006

본 논문에서는 1980년부터 2003년까지 한국 증권시장을 대상으로 과거 주식수익률과 변동성을 이용한 반대투자전략의 초과수익을 분석하였다. 즉 과거 주식수익률을 이용한 투자전략의 초과수익에 시장변동성이나 개별기업의 변동성이 영향을 미치는지 검증하고자 하였다. 우선 한국 증권시장을 6년 단위의 하위 포트폴리로 구분하여 과거 주식수익률을 이용한 반대투자전략의 초과수익을 측정하였다. 그 결과 시장변동성이 가장 작은 기간이었던 1980년${\sim}$1986년까지의 표본기간에서는 계속투자전략이 유의한 투자전략으로 나타났으나 그 외의 기간에서는 반대투자전략이 유의한 투자전략으로 나타났다. 따라서 시장변동성 뿐 아니라 개별기업의 변동성 역시 과거 주식수익률을 이용한 투자전략의 초과수익에 영향을 미치는지 확인하였다. 개별기업의 변동성을 하나의 지표로 포트폴리오를 구성하여 과거 주식수익률을 이용한 투자전략의 초과수익을 확인한 결과 과거 개별기업의 변동성이 작았던 포트폴리오에서는 계속투자전략이 유의한 투자 전략으로 나타난데 비해서 과거 개별기업의 변동성이 큰 포트폴리오에서는 유의한 계속투자전략의 초과수익을 확인할 수 없었다. 따라서 과거 주식수익률 뿐 아니라 변동성까지 고려하여 투자전략을 구성하는 것이 보다 높은 양(+)의 초과수익을 얻는 방법이라고 할 수 있다.

• East Asian mathematical journal
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• 제34권1호
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• pp.1-16
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• 2018

We study an optimization problem for hyperbolic absolute risk aversion (HARA) utility function under two-factor Heston's stochastic volatility model. It is not possible to obtain an explicit solution because our financial market model is complicated. However, by using asymptotic analysis technique, we find the explicit forms of the approximations of the optimal value function and the optimal strategy for HARA utility function.

• 한국신재생에너지학회:학술대회논문집
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• 한국신재생에너지학회 2009년도 춘계학술대회 논문집
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• pp.806-812
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• 2009

Availability of reliable and affordable energy supply is a prerequisite for economic growth. Renewables are the third largest contributor to global electricity production after coal and natural gas and account for a share of 18%. Power generating capacity from renewables has increased to around 900GW by the year 2007. Today biodiesel fuels have been in commercial use in many countries and recently the world-wide biodiesel market has experienced considerable growth, which is partly due to various tax concession programs and other financial incentives. In Korea, biodiesel has already been used for transportation fuel, but not used for power generation fuel yet. Korean government has a strategy for renewable energy propagation, especially the goal of power generation amount by renewable energy is 3% of total power production by 2012. This paper focuses on the feasibility study for adaptability and strategy of using biodiesel as power generation fuel. The study also has the plan to replace the fuel of thermal power plant, gas turbine and distributed power system. As the increase of biodiesel fuel, I look forward to environment-friendly power generation and the strategy of Renewable Portfolio Standards(RPS).

• 신재생에너지
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• 제5권1호
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• pp.32-39
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• 2009

Availability of reliable and affordable energy supply is a prerequisite for economic growth. Renewables are the third largest contributor to global electricity production after coal and natural gas and account for a share of 18%. Power generating capacity from renewables has increased to around 900GW by the year 2007. Today biodiesel fuels have been in commercial use in many countries and recently the world-wide biodiesel market has experienced considerable growth, which is partly due to various tax concession programs and other financial incentives. In Korea, biodiesel has already been used for transportation fuel, but not used for power generation fuel yet Korean government has a strategy for renewable energy propagation, especially the goal of power generation amount by renewable energy is 3% of total power production by 2012. This paper focuses on the feasibility study for adaptability and strategy of using biodiesel as power generation fuel. The study also has the plan to replace the fuel of thermal power plant, gas turbine and distributed power system. As the increase of biodiesel fuel, I look forward to environment-friendly power generation and the strategy of Renewable Portfolio Standards(RPS).

• 한국생활과학회지
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• 제16권3호
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• pp.563-576
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• 2007

The purpose of this study is to analyze the financial performance according to the economic environment change. The data of 4,577 households in 2003 and 3994 households in 2000 is from the Korean Labor and Income Panel Study. The data were analyzed by various statistical methods such as frequency, mean-test, Duncan's multiple range test, k-mean cluster analysis. Findings were as follows; First, the classified household financial strategy types were Residual(44.3%), Financial Assets(24.0%), Informal Institutional(19.7%), Diversified Portfolio(7.6%), Real Estate(4.5%). Second, the criteria of classification of the financial strategies were relative, not absolute. Third, the rate of economic growth was high and the index of the current money was low in 2000. Fourth, households that employed a diversified portfolio strategy had the greatest net wealth.

• 복식문화연구
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• 제16권2호
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• pp.369-381
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• 2008

The objectives of this study are to observe the theoretical background of brand extension, to compare & analyze the cases of brand extension in Domestic and abroad based on the existing studies to present the characteristics of brand extension strategies, and to contribute to the establishment of marketing strategies of brand portfolio for the globalization of national brands. As for the methods of research, literature review and case study were combined. As a result of the case analysis, fashion business possessing a lot of brands have powerful competitiveness when they consider the brands as one unit and manage them with definition and insight to produce mutual synergy. Given that brand environment is being complicated and diversified with market segmentation, brand extension, various product groups, numbers of competitors, and complex distribution structure, the hierarchical structure of brand may have even more significance as a strategy.

• 대한수학회지
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• 제59권6호
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• pp.1153-1170
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• 2022

In this paper, we investigate the portfolio optimization problem under the SVCEV model, which is a hybrid model of constant elasticity of variance (CEV) and stochastic volatility, by taking into account of minimum-entropy robustness. The Hamilton-Jacobi-Bellman (HJB) equation is derived and the first two orders of optimal strategies are obtained by utilizing an asymptotic approximation approach. We also derive the first two orders of practical optimal strategies by knowing that the underlying Ornstein-Uhlenbeck process is not observable. Finally, we conduct numerical experiments and sensitivity analysis on the leading optimal strategy and the first correction term with respect to various values of the model parameters.

• 한국수학교육학회지시리즈D:수학교육연구
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• 제14권3호
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• pp.281-297
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• 2010

This paper pretends to study the potentialities of feedback, particularly in the development of a written report in two phases and in portfolio; and the main difficulties that teachers has to face concerning this assessment practice. Through a meta-analysis concerning different studies, it is possible to say that oral or written feedback, intentionally provided to students of several ages, may enable them to develop their self-assessment capacity and to get close of the expected product. However, the type of student and his or her perceptions may influence the effectiveness of feedback. Even for experience teachers, this practice maintains complex.

• 한국경영과학회지
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• 제39권2호
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• pp.49-66
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• 2014

This paper studies optimal consumption and investment behaviors of an individual when risky asset returns and her income are affected by the business cycle. The investor considers the incomplete information risk of unobservable macroeconomic conditions and updates her belief of expected risky asset returns through Bayesian learning. We find that the optimal investment strategy, certainty equivalent wealth, and portfolio hedging demand significantly depend on the belief about the macroeconomic conditions.

• Asian Journal of Innovation and Policy
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• 제9권3호
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• pp.360-393
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• 2020

The space industry is a comprehensive and technology-intensive industry involving different converging technologies. However, most of the companies in Korea's space industry are small and medium-sized enterprises (SMEs) and need to strengthen global capacity to export their products. However, the link between the destination country and the product remains insufficient. Consequently, the purpose of this study is to propose an export roadmap for space products to provide SMEs with export opportunities and strategic guidelines. For this, technology roadmap and portfolio analysis are applied to this purpose. This study is expected to be helpful to SMEs and government agencies.