• Title/Summary/Keyword: Time-series Analysis

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Influence of the Business Portfolio Diversification on Construction Companies' Financial Stability (건설업체 사업 포트폴리오 다각화에 따른 건설업체 안정성 분석)

  • Jang, Sewoong
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.6
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    • pp.105-112
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    • 2014
  • The objective of this study is to examine the relationship between the degree of business diversification of a construction company and two of the indicators that represent financial stability, namely, a current ratio and a debt ratio, in order to draw policy implications. The current ratio and the debt ratio were used as variables that represent financial stability of a construction company. Berry-Herfindahl Index was used to measure the degree of business portfolio diversification of a construction company. For the analysis, quarterly time series data were retrieved from the financial information disclosure system of Korea's Financial Supervisory Service for the period between the first quarter of 2001 and the third quarter of 2013. The analysis results showed that a higher current ratio and a debt ratio led to a greater extent of business diversification. A higher level of business diversification led to a higher current ratio and a lower debt ratio. It was also shown that the impact of business diversification on the current ratio and the debt ratio outweighed the impact of changes in the current ratio and the debt ratio on business diversification. Meanwhile, an increase in the level of business diversification showed a quite positive effect as it raised the current ratio and lowered the debt ratio of a construction company. These findings suggest that diversification of business portfolio is essential for construction companies to strengthen their financial stability.

An Analysis for the Causality between Regional Knowledge Production Activity and Regional Economic Growth (지식창출활동과 지역경제성장 간의 인과관계 분석)

  • Lee, Hee-Yeon;Lee, Je-Yeon
    • Journal of the Economic Geographical Society of Korea
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    • v.13 no.3
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    • pp.297-311
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    • 2010
  • The purpose of this study is to analyze the causality among GRDP, patent, investment of R &D, and researcher among 16 Metropolitan cities and provinces in Korea. Using the annual data ranged from 1998 to 2008, the causality test for time-series data such as unit roots test and Granger causality test were performed. We estimate the Panel-Var of the four variables to find out the various Granger causal relations for two groups which are classified by the patent productivity. The panel data causality results reveal that there are bidirectional causality relations among four variables for the more patent-productivity group. The patent has bi-directional effects on GRDP and R&D. The patent cause GRDP and vice versa, patent cause R&D and vice versa. Patent not only has strong direct impact on GRDP and R&D but also has affected by the increase of GRDP and R&D through the interactive feedback mechanism. However, the causality patterns are somewhat different between the more patent-productive region and the less patent-productive region. There exists one directional causality between the R&D and GRDP for the less patent-productivity group. Such result may imply that the type of regional innovation policy should be differentiated between two groups. Regional economic policy efforts should be placed on increasing the knowledge productivity and on strengthening the regional competitiveness through the regional innovative infrastructure.

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Estimating the Determinants for Transaction Value of B2B (Business-to-Business): A Panel Data Model Approach (패널 데이터모형을 이용한 기업간전자상거래 거래액 결정요인 추정에 관한 연구)

  • Kim, Hee-Cheul;Shin, Hyun-Dae
    • Journal of the Korea Society of Computer and Information
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    • v.15 no.11
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    • pp.225-231
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    • 2010
  • Transaction value of business-to-business(B2B) is composed of various factors for groups and time series. In this paper, we use the panel data for finding various variables and using this we analyse the factors that is major influence to transaction value of business-to-business. For analysis we looked at transaction value of business-to-business of 7 groups such as manufacturing industry, electric, gas and piped water industry, construction industry, retail & wholesale trade, traffic industry, publish, image; broad-casting & telecommunication and information service industry, etc. In our analysis we looked at the transaction value of business-to-business during the period from 2005.01 to 2009.12. We examined the data in relation to the transaction value of cyber shopping mall, company bond, composite stock price index, transaction value of credit card, loaned rate of interest in deposit bank, rate of exchange looking at the factors which determine the transaction value of business-to-business, evidence was produced supporting the hypothesis that there is a significant positive relationship between the transaction value of cyber shopping mall, composite stock price index and loaned rate of interest in deposit bank, rate of exchange. The company bond is negative relationship, transaction value of credit card is positive relationship and they are not significant variables in terms of the transaction value of business-to-business.

Chinese Patients with Gastric Cancer Need Targeted Adjuvant Chemotherapy Schemes

  • Shi, Wen-Tao;Wei, Lei;Xiang, Jin;Su, Ke;Ding, Qiong;Tang, Meng-Jie;Li, Ji-Qiang;Guo, Yi;Wang, Pu;Zhang, Jing-Wei
    • Asian Pacific Journal of Cancer Prevention
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    • v.13 no.10
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    • pp.5263-5272
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    • 2012
  • Background: Gastric cancer (GC) is one of the most common cancers in China. Adjuvant chemotherapy (AC) is a routine auxiliary treatment for GC recommended by the guidelines issued in 2011 by the Ministry of Health of the People's Republic of China, but the relevant credible consequences in China have been insufficient because of China's late start and ethical concerns. Methods: A series of databases, including Cochrane Library, MEDLINE, EMBASE, the Chinese database of the National Knowledge Infrastructure and the VIP database, were searched by 2 reviewers independently for studies investigating AC for GC through March 2012. The retrieved literature was screened according to the eligibility criteria. Results: A total of 35 randomized control trials (RCTs) were subjected to the final analysis, including 4,043 patients in treatment group and 3,884 in the control group, as well as 4 clinical-control trials (CCTs), which accessed the final analysis with 238 and 252 patients, respectively. AC reduced the risk of death as a protective treatment with statistical significance (HR=0.91, 95%CI: [0.85, 0.97], P=0.002), and it seemed more effective for Asian than non-Asian patients. The effects of AC were not influenced by the starting time (P>0.05). D2 lymphadenectomy-based chemotherapy was effective (HR=0.89, 95%CI: [0.80, 0.99], P=0.04). Oral S-1 40 mg/m2 after D2 lymphadenectomy might be a better choice for Asians with advanced GC and might result in a greater reduction of adverse events than in non-Asian patients. GRADE quality assessment determined that the strength of the evidence from foreign studies from Europe, the United States and Asian countries other than China was high, while it was moderate for Chinese studies. Conclusion: AC was effective or even curative in Chinese patients in general, although it is still necessary to optimize a targeted AC scheme for Chinese patients with GC.

Developing a Computer Model for Forest Road Design (임도설계(林道設計) 자동화(自動化)를 위한 전산(電算)모델의 개발(開發))

  • Chung, Joo Sang;Chung, Woo Dam
    • Journal of Korean Society of Forest Science
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    • v.84 no.3
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    • pp.333-342
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    • 1995
  • A user - oriented computer model to aid designing forest road is developed to release the burden by increasing efficiency of time - consuming and laborious road design works. In this paper, the structures and functions of the model are discussed. The model consists of functional modules : 1)input module to treat survey data and design criteria ; 2)road design module to generate preliminary road layout, horizontal and vertical curvatures and curve widening ; 3)earthwork analysis module to determine the economic mass movement ; 4)report writer module to produce hard copies of engineering drawings for plan views, cross - sections and profiles, earthwork calculation sheets and mass movement diagrams. In addition, the report writer also provides the information on earthwork disturbance along the cut and - fill slopes. The modules are designed to be fully - integrated to enable the users to perform engineering analyses and evaluate design alternatives in a series of road - design procedures.

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Analysis on Spatial Variability of Rainfall in a Small Area (소규모 지역에 대한 강우의 공간변화도 분석)

  • Kim, Jong Pil;Kim, Won;Kim, Dong-Gu;Lee, Chanjoo
    • Journal of Korea Water Resources Association
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    • v.48 no.11
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    • pp.905-913
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    • 2015
  • This study deployed six rain gauges in a small area for a dense network observing rainfall and analyzed the spatial variability of rainfall. They were arranged in a $2{\times}3$ rectangular grid with equal space of 60 m. The rainfall measurements from five gauges were analyzed during the period of 50 days because one was seriously affected by alien substance. The maximum difference in cumulative rainfall from them is approximately 38.5 mm. The correlation coefficients from hourly rainfall time series differ from each other while daily rainfall coincide. The coefficient of variation in hourly rainfall varies up to 224% and that in daily rainfall up to 91%. The results from uncertainty analysis show that with only four rain gauges areal mean rainfall cannot be estimated over 95% accuracy. For reliable flood prediction and effective water management it is required to develop a new technique for the estimation of areal rainfall.

A Study on the Nonlinear Deterministic Characteristics of Stock Returns (주식 수익률의 비선형 결정론적 특성에 관한 연구)

  • Chang, Kyung-Chun;Kim, Hyun-Seok
    • The Korean Journal of Financial Management
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    • v.21 no.1
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    • pp.149-181
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    • 2004
  • In this study we perform empirical tests using KOSPI return to investigate the existence of nonlinear characteristics in the generating process of stock returns. There are three categories in empirical tests; the test of nonlinear dependence, nonlinear stochastic process and nonlinear deterministic chaos. According to the analysis of nonlinearity, stock returns are not normally distributed but leptokurtic, and appear to have nonlinear dependence. And it's decided that the nonlinear structure of stock returns can not be completely explained using nonlinear stochastic models of ARCH-type. Nonlinear deterministic chaos system is the feedback system, which the past incidents influence the present, and it is the fractal structure with self-similarity and has the sensitive dependence on initial conditions. To summarize the results of chaos analysis for KOSPI return, it is the persistent time series, which is not IID and has long memory, takes biased random walk, and is estimated to be fractal distribution. Also correlation dimension, as the approximation of fractal dimension, converged stably within 3 and 4, and maximum Lyapunov exponent has positive value. This suggests that chaotic attractor and the sensitive dependence on initial conditions exist in stock returns. These results fit into the characteristics of chaos system. Therefore it's decided that the generating process of stock returns has nonlinear deterministic structure and follow chaotic process.

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Numerical Analysis on Liquefaction Countermeasure of Seabed under Submerged Breakwater Using Concrete Mat Cover (for Irregular Waves) (콘크리트매트 피복을 이용한 잠제하 해저지반에서의 액상화 대책공법에 관한 수치해석 (불규칙파 조건))

  • Lee, Kwang-Ho;Ryu, Heung-Won;Kim, Dong-Wook;Kim, Do-Sam;Kim, Tae-Hyung
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.29 no.1
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    • pp.20-35
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    • 2017
  • In the case of the seabed around and under gravity structures such as submerged breakwater is exposed to a large wave action long period, the excess pore pressure will be significantly generated due to pore volume change associated with rearrangement soil grains. This effect will lead a seabed liquefaction around and under structures as a result of the decrease in the effective stress, and eventually the possibility of structure failure will be increased. The study of liquefaction potential for regular waves had already done, and this study considered for irregular waves with the same numerical analysis method used for regular waves. Under the condition of the irregular wave field, the time and spatial series of the deformation of submerged breakwater, the pore water pressure (oscillatory and residual components) and pore water pressure ratio in the seabed were estimated and their results were compared with those of the regular wave field to evaluate the liquefaction potential on the seabed quantitatively. Although present results are based on a limited number of numerical simulations, one of the study's most important findings is that a safer design can be obtained when analyzing case with a regular wave condition corresponding to a significant wave of the irregular wave.

Application of Spatial Autocorrelation for the Spatial Distribution Pattern Analysis of Marine Environment - Case of Gwangyang Bay - (해양환경 공간분포 패턴 분석을 위한 공간자기상관 적용 연구 - 광양만을 사례 지역으로 -)

  • Choi, Hyun-Woo;Kim, Kye-Hyun;Lee, Chul-Yong
    • Journal of the Korean Association of Geographic Information Studies
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    • v.10 no.4
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    • pp.60-74
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    • 2007
  • For quantitative analysis of spatio-temporal distribution pattern on marine environment, spatial autocorrelation statistics on the both global and local aspects was applied to the observed data obtained from Gwangyang Bay in South Sea of Korea. Global indexes such as Moran's I and General G were used for understanding environmental distribution pattern in the whole study area. LISAs (local indicators of spatial association) such as Moran's I ($I_i$) and $G_i{^*}$ were considered to find similarity between a target feature and its neighborhood features and to detect hot spot and/or cold spot. Additionally, the significance test on clustered patterns by Z-scores was carried out. Statistical results showed variations of spatial patterns quantitatively in the whole year. Then all of general water quality, nutrients, chlorophyll-a and phytoplankton had strong clustered pattern in summer. When global indexes showed strong clustered pattern, the front region with a negative $I_i$ which means a strong spatial variation was observed. Also, when global indexes showed random pattern, hot spot and/or cold spot were/was found in the small local region with a local index $G_i{^*}$. Therefore, global indexes were useful for observing the strength and time series variations of clustered patterns in the whole study area, and local indexes were useful for tracing the location of hot spot and/or cold spot. Quantification of both spatial distribution pattern and clustering characteristics may play an important role to understand marine environment in depth and to find the reasons for spatial pattern.

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Experimental and CFD Study on the Exhaust Efficiency of a Smoke Control Fan in Blind Entry Development Sites (맹갱도 굴진 작업공간내 방재팬의 화재연 배기효율에 관한 현장실험 및 CFD 연구)

  • Nguyen, Vanduc;Kim, Dooyoung;Hur, Wonho;Lee, Changwoo
    • Tunnel and Underground Space
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    • v.28 no.1
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    • pp.38-58
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    • 2018
  • The ventilation system plays a crucial role in underground mine safety. The main objective of the ventilation system is to supply sufficient air to dilute the contaminated air at working places and consequently provide tenable environment during the normal operation, while it also should be capable of controlling the fire propagation and facilitate rescue conditions in case of fire in mines. In this study, a smoke control fan was developed for the auxiliary ventilation as well as the fire smoke exhaust. It works as a free-standing auxiliary fan without tubing to dilute or exhaust the contaminated air from the working places. At the same time, it can be employed to extract the fire smoke. This paper aims to examine the smoke control efficiency of the fan when combined with the current ventilation system in mines. A series of the site experiments and numerical simulations were made to evaluate the fan performance in blind entry development sites. The tracer gas method with SF6 was applied to investigate the contaminant behavior at the study sites. The results of the site study at a large-opening limestone mine were compared with the CFD analysis results with respect to the airflow pattern and the gas concentration. This study shows that in blind development entry, the most polluted and risky place, the smoke fan can exhaust toxic gases or fire smoke effectively if it is properly combined with an additional common auxiliary fan. The venturi effect for smoke exhaust from the blind entry was also observed by the numerical analysis. The overall smoke control efficiency was found to be dependent on the fan location and operating method.