• Title/Summary/Keyword: Technology Asymmetry

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Nature of Competition and Regulation in Health Care Markets : Implications for Public Policy (보건의료분야에서의 경쟁과 규제의 본질 : 공공정책적 함의)

  • 권순만
    • Health Policy and Management
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    • v.6 no.2
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    • pp.14-42
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    • 1996
  • On rationale for government intervention is the failure of competition in the market. Health care markets are characterized by such unique aspects as information asymmetry, prevalence of insurance, and cost-increasing competition based on the adoption of costly medical technology. Therefore, government policy to guarantee a sufficient number of providers in markets may not lead to socially beneficisal outcomes such as higher quantity and lower price. This paper examines the unique nature of health services and its implications for competition, the evidence that competition may not reduce health care ex[enditures, and policy tools that government can use to encourage competition which contributes to supporting a sustainable health care system.

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The Impact of COVID-19, Day-of-the-Week Effect, and Information Flows on Bitcoin's Return and Volatility

  • LIU, Ying Sing;LEE, Liza
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.45-53
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    • 2020
  • Past literatures have not studied the impact of real-world events or information on the return and volatility of virtual currencies, particularly on the COVID-19 event, day-of-the-week effect, daily high-low price spreads and information flow rate. The study uses the ARMA-GARCH model to capture Bitcoin's return and conditional volatility, and explores the impact of information flow rate on conditional volatility in the Bitcoin market based on the Mixture Distribution Hypothesis (Clark, 1973). There were 3,064 samples collected during the period from 1st of January 2012 to 20th April, 2020. Empirical results show that in the Bitcoin market, a daily high-low price spread has a significant inverse relationship for daily return, and information flow rate has a significant positive relationship for condition volatility. The study supports a significant negative relationship between information asymmetry and daily return, and there is a significant positive relationship between daily trading volume and condition volatility. When Bitcoin trades on Saturday & Sunday, there is a significant reverse relationship for conditional volatility and there exists a day-of-the-week volatility effect. Under the impact of COVID-19 event, Bitcoin's condition volatility has increased significantly, indicating the risk of price changes. Finally, the Bitcoin's return has no impact on COVID-19 events and holidays (Saturday & Sunday).

A Study on an Automatical BKLS Measurement By Programming Technology

  • Shin, YeounOuk;Kim, KiBum
    • International journal of advanced smart convergence
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    • v.7 no.3
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    • pp.73-78
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    • 2018
  • This study focuses on presenting the IT program module provided by BKLS measure in order to solve the problem of capital cost due to information asymmetry of external investors and corporate executives. Barron at al(1998) set up a BKLS measure to guide the market by intermediate analysts. The BKLS measure was measured by using the changes in the analyst forecast dispersion and analyst mean forecast error squared. This study suggests a model of the algorithm that the BKLS measure can be provided to all investors immediately by IT program in order to deliver the meaningful value in the domestic capital market as measured. This is a method of generating and analyzing real-time or non-real-time prediction models by transferring the predicted estimates delivered to the Big Data Log Analysis System through the statistical DB to the statistical forecasting engine. Because BKLS measure is not carried out in a concrete method, it is practically very difficult to estimate the BKLS measure. It is expected that the BKLS measure of Barron at al(1998) introduced in this study and the model of IT module provided in real time will be the starting point for the follow-up study for the introduction and realization of IT technology in the future.

Gaussian Mixture based K2 Rifle Chamber Pressure Modeling of M193 and K100 Bullets (가우시안 혼합모델 기반 탄종별 K2 소화기의 약실압력 모델링)

  • Kim, Jong-Hwan;Lee, Byounghwak;Kim, Kyoungmin;Shin, Kyuyong;Lee, Wonwoo
    • Journal of the Korea Institute of Military Science and Technology
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    • v.22 no.1
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    • pp.27-34
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    • 2019
  • This paper presents a chamber pressure model development of K2 rifle by applying Gaussian mixture model. In order to materialize a real recoil force of a virtual reality shooting rifle in military combat training, the chamber pressure which is one of major components of the recoil force needs to be investigated and modeled. Over 200,000 data of the chamber pressure were collected by implementing live fire experiments with both K100 and M193 of 5.56 mm bullets. Gaussian mixture method was also applied to create a mathematical model that satisfies nonlinear, asymmetry, and deviations of the chamber pressure which is caused by irregular characteristics of propellant combustion. In addition, Polynomial and Fourier Regression were used for comparison of results, and the sum of squared errors, the coefficient of determination and root-mean-square errors were analyzed for performance measurement.

Development of Self-trainer Fitness Wear Based on Silicone-MWCNT Sensor (실리콘-탄소나노튜브 센서 기반의 셀프트레이너 피트니스 웨어 개발)

  • Cho, Seong-Hun;Kim, Kyung-Mi;Cho, Ha-Kyung;Won, You-Seuk
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.7
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    • pp.493-503
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    • 2018
  • Recently, as living standards have improved, many people are becoming more interested in health, and self-training is increasing through exercise to prevent and manage pre-illness. In general, an imbalance of muscles causes asymmetry of posture, which can cause various diseases by accompanying an adjustment force, circulation action, displacement of internal organs, etc.. In this study, the development of fitness software that can be self - training among smart wears has attracted considerable attention in recent years. In this study, a technology was proposed for the commercialization of self - trainer fitness wear by a simulation through Android - based applications. Self - trainer fitness software was developed by combining a conductive polymer, fashion design, sewing, and electric and electronic technology to monitor the unbalance of the muscles during exercise and make smart wear that can calibrate the asymmetry by oneself. In particular, a polymer sensor was fabricated by deriving the optimal MWCNT concentration, and the electrode signal was collected by attaching the electrode to the optimal position, where the electrode signal line using the conductive fiber was designed and attached to collect the signal. A signal module that converts the bio-signals collected through electrical signal conversion and transmits them using Bluetooth communication was designed and manufactured. Self-trainer fitness software that can be commercialized was developed by combining noise cancellation with Android-based self-training application using a software algorithm method.

A Study On Malocclusion Patients From Department Of Orthodontics, Chong-A Dental Hospital (청아치과병원 교정과에 내원한 환자의 분포와 부정교합의 유형)

  • Kim, Nam-Joong;Lee, Chung-Jae
    • Journal of Technologic Dentistry
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    • v.29 no.2
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    • pp.197-211
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    • 2007
  • With the development of orthodontics and increasing concerns on physical appearance, the number of patients has been steadily increasing. It is quite important not only to make effective cure plans and accurate diagnoses but also to have a thorough grasp of patients' malocclusion types and their occurrence frequency, in addition to patients' personality in order to cure the patients appropriately. This study is based on 946 malocclusion patients who had visited Chong-A Dental Hospital from 1999 to 2004 and investigated their aspects of malocclusion and characteristics of their gender, age and residence. The results are as follows. 1. The number of patients per year had been decreased until 2001, after which year the number had fluctuated. The number was the largest in 1999, 169 and the smallest in 2001, 140. Female occupied 68.0% of the total, twice as many as male, 32.0%) 2. Based on the Angle's classification, 19 or over year - old group was the largest of the total, 59.3% and 6 or younger year - old group, the smallest, 0.5%. The 19 or over year old group was less than a half of the total (47.4%) in 2003 and there were no patients who belonged to the 6 or younger year - old group in 2003 and 2004. 3. Distributions on the types of malocclusion have shown that 39.9 % of the total are in the Class I, the largest, 31.0% in the Class I and 29.2 in the Class II, the smallest. 1) The number of the ClassI was 73, the largest, that of the Class III being 35, the smallest in 1999. On the whole, the number of the Class I accounted for the largest part of the total. 2) The number of male patients in the Class II was the smallest, generally being the largest in the Class I. In case of female, that of the Class III was the smallest. 3) Based on the age, the Class I was the highest in between 7 and 13 age group, the Class III the lowest. The Class I occupied the largest around 40%. 4) In the shape of physiognomy, the meso occupied the largest part among all the Class, of which the Class II was the highest, 64.2%. The bracy was the largest in the Class I, and the dolicho in the Class III. 5) In the profile, the convex shape was the largest in the Class I and II, and especially in the Class II, over 3/4 of the total, 75.4%. In contrast, the direct shape was the largest in the Class III and the sunken shape occupied 33.3%, which was nearly ten times more than the case of the Class I and III. 6) In the asymmetry of physiognomy, the number of patients of the Class IIIwas the largest, 34.1% and that of the Class II, the smallest, 19.5%. It was found that about one fourth of the malocclusion patients were under the asymmetry of physiognomy. 4. In the distribution of patients' residence, 81.4% were from the Seoul Metropolis and 48.2% from Gangnam-Gu where Chong-A Dental Hospital is located and Seocho-Gu and Songpa-Gu which are adjacent to Gangnam-Gu.

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A Study on the Collaboration Types of Knowledge Creation in Korean Government-supported Research Institutes of S&T: Focusing on Openness and Diversity (과학기술계 출연연구기관의 지식창출 협력유형 분석에 관한 연구: 개방성과 다양성 중심으로)

  • Park, Joohyoung;Lee, Heesang
    • Journal of Korea Technology Innovation Society
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    • v.17 no.3
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    • pp.563-583
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    • 2014
  • We classified collaboration types of Government-supported Research Institutes (GRIs) in Korea to make a creation knowledge with the openness and the diversity. The openness is described to collaboration dependence and leading intensity, and the diversity is expressed to collaboration diversity and collaboration concentration. We suggest four taxonomy models explained in terms of the openness and the diversity with country level and institute level. This study uses 39,507 papers in SCOUPS DB that include author(s) affiliated to 26 GRIs. It concludes that many GRIs is classified to the type of multilateral collaboration follower in institute level and to the type of global network player in country level from the perspective of openness. In the aspect of diversity, many GRIs is concentrated to the collaboration type of picky eater or monophagous in institute level and to the multinatioal asymmetry type or non-multinational asymmetry type in country level. It is necessary for GRIs to lead collaboration and to transfer inhouse R&D institutes with high performance to be competitive institutes which make high quality knowledge.

Issues in the Blockchain-Based Health Care Industry (블록체인기반 의료분야의 문제해결과 이슈)

  • Woo, Sung-hee;Lee, Yong-ju;Cho, Young-bok
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2019.05a
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    • pp.363-366
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    • 2019
  • Blockchain technology is a new paradigm that will change existing business processes and has a significant impact on all industries, not just on specific industries. The medical industry also expects the impact of blockchain technology to be very significant. I think blockchain technology should be applied in the medical industry because the medical industry has the problem of information asymmetry due to the structural characteristics of a centralized system composed of hospitals. However, no one can be sure that the value of blockchain technology is absolutely right, and absolute trust should be avoided. Blockchain technology provides many limitations to the process in which blockchain technology is applied in the medical industry, as it can be seen as still immature in terms of security and scalability. Therefore, we analyze the application cases of blockchain technology in the medical field, current problems in the medical field, solutions and issues through Blockchain.

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Robust Key Agreement From Received Signal Strength in Stationary Wireless Networks

  • Zhang, Aiqing;Ye, Xinrong;Chen, Jianxin;Zhou, Liang;Lin, Xiaodong
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.10 no.5
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    • pp.2375-2393
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    • 2016
  • Key agreement is paramount in secure wireless communications. A promising approach to address key agreement schemes is to extract secure keys from channel characteristics. However, because channels lack randomness, it is difficult for wireless networks with stationary communicating terminals to generate robust keys. In this paper, we propose a Robust Secure Key Agreement (RSKA) scheme from Received Signal Strength (RSS) in stationary wireless networks. In order to mitigate the asymmetry in RSS measurements for communicating parties, the sender and receiver normalize RSS measurements and quantize them into q-bit sequences. They then reshape bit sequences into new l-bit sequences. These bit sequences work as key sources. Rather than extracting the key from the key sources directly, the sender randomly generates a bit sequence as a key and hides it in a promise. This is created from a polynomial constructed on the sender's key source and key. The receiver recovers the key by reconstructing a polynomial from its key source and the promise. Our analysis shows that the shared key generated by our proposed RSKA scheme has features of high randomness and a high bit rate compared to traditional RSS-based key agreement schemes.

Effects of Housing Systems on Behaviour, Performance and Welfare of Fast-growing Broilers

  • Zhao, Zi-Guang;Li, Jian-Hong;Li, Xiang;Bao, Jun
    • Asian-Australasian Journal of Animal Sciences
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    • v.27 no.1
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    • pp.140-146
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    • 2014
  • This experiment aimed to evaluate the effects of different housing systems on behavioral activities, welfare and meat quality of fast-growing broilers. Two hundred broilers were allocated into two housing systems: indoor housing vs indoor with outdoor access. Their general behavior (feeding, drinking, fighting, standing, lying, walking, investigating, dust-bathing and preening) was observed, and tonic immobility, fluctuating asymmetry of legs and wings were measured, and meat quality was analyzed. The results showed that the indoor-housed broilers with outdoor access had significant higher standing, walking, investigating, dust-bathing and preening than those indoor only. However, farming system was not found to significantly affect their feeding, drinking and fighting activities (p>0.05). The value of FA of tibia length of the broilers with outdoor access was significantly lower than that of the indoor-housed birds ($1.57{\pm}1.30$ vs $2.76{\pm}1.40$, p<0.05), while no difference was found for the value of FA in tibia diameter and wing length (p>0.05). TI of the broilers with outdoor access was 165.5 that was significantly higher than that (147.2) of the indoor birds (p<0.05). However, death rate in the outdoor run groups was significantly higher than that of the indoor ones ($2.0{\pm}0.81$ vs $4.0{\pm}0.82$, p<0.05). Meat quality was not affected by the two farming systems. It can be concluded that the results of this study may suggest that the indoor housing with outdoor access provides enriched environment for broilers and facilitates the expression of natural behaviors of the broilers but resulted in poorer performance and higher death rate.