• Journal of the Chungcheong Mathematical Society
• /
• v.29 no.2
• /
• pp.375-383
• /
• 2016

This paper investigates an optimal consumption, portfolio, and life insurance strategies of a family when there is a borrowing constraint and risk aversion change at the time of death of the breadwinner. A CRRA utility is employed and by using the dynamic programming method, we obtain analytic expressions for the optimal strategies.

• ETRI Journal
• /
• v.31 no.5
• /
• pp.525-533
• /
• 2009

This paper proposes a distributed borrowing addressing (DIBA) scheme to solve problems of failure in address assignments resulting from limited tree depth and width when the distributed address assignment mechanism is used in a ZigBee/IEEE 802.15.4 wireless sensor network. DIBA is a method of borrowing addresses from neighbor nodes for newly entering nodes and assigning the borrowed addresses. Its network or sensing coverage can increase with almost the same overhead as the existing method. DIBA is a simple and lightweight means of addressing and routing, making it suitable for wireless sensor networks. Simulations showed that DIBA is a distributed addressing scheme with consistently excellent performance.

• Proceedings of the IEEK Conference
• /
• 2008.06a
• /
• pp.259-260
• /
• 2008

This paper presents fractional frequency reuse (FFR) with sub-channel borrowing to improve spectral efficiency of the wireless broadband (WiBro) system. FFR has constraints on usable sub-channels to balance the interference and cell capacity. Our FFR with sub-channel borrowing allows use of the dedicated sub-channels assigned to neighboring cells. Simulation results show that the proposed FFR with sub-channel borrowing improves the performance of the WiBro system.

• Proceedings of the Korea Society of Design Studies Conference
• /
• 2003.05a
• /
• pp.114-115
• /
• 2003

• Proceedings of the Korean Society of Precision Engineering Conference
• /
• 2012.10a
• /
• pp.761-762
• /
• 2012

• Journal of the Chungcheong Mathematical Society
• /
• v.29 no.2
• /
• pp.329-336
• /
• 2016

The optimal portfolio choice problem with a stochastic income is considered in continuous-time framework. We provide a novel approach to treat the stochastic income when the market is complete. The developed method is useful to obtain closed-form solutions of the problems under borrowing constraints.

• KDI Journal of Economic Policy
• /
• v.33 no.4
• /
• pp.1-25
• /
• 2011

Available evidence suggests that the average marginal propensity to consume (MPC) from the 2001 tax rebate in the US was not nearly as large as that from previous tax cuts. We examine if this phenomenon can be explained by the fact that the widespread use of credit cards has made borrowing accessible for most US households by constructing a model that simulates the dynamic effect of relaxed borrowing constraints. Our model uses Kreps-Porteus preferences which account for independent measures of relative risk aversion and the elasticity of intertemporal substitution, both of which can theoretically affect the willingness to save or spend. Our model shows that the average MPC drops substantially immediately after borrowing constraints are relaxed because few consumers have binding borrowing constraints at that time. The model also shows that consumers gradually reduce their wealth after borrowing constraints are relaxed, causing more of them to have binding constraints over time, which in turn causes the average MPC to rise gradually to a new steady state value that is slightly lower than the original value. This dynamic pattern of the MPC suggests that a greater ability to borrow with credit cards could explain the lower effectiveness of the 2001 tax rebate. In addition, the model predicts that consumers choose to hold lower amounts of liquid assets for precautionary reasons when they have a greater ability to borrow unsecured debt.

• Proceedings of the KSPS conference
• /
• 1996.10a
• /
• pp.245-245
• /
• 1996

When language A borrows words, it borrows them according to its own phonetic rules. In other words, language B, where borrowed words coming from, has to comply with the phonetic requirements of language A. It may be added that language A only borrows the elements, the types of syllables and accentuation that already exist in its own phonetic struture and rejects all the rest that are not compatible. It operates exactly like a sieve. That is why borrowed words offer an excellent observation post to notice how react in phonetic contexts. The Japanese language has borrowed and is borrowing extensively from other languages and cultures, mainly from the English ones in the fields of sports, medicine, industry, commerce, and natural sciences. Relatively very few new words are created using the ancient Chinese or native backgrounds. This presentation will look for the rules of borrowing and try to show that this way of borrowing represents an organized system of its own. Three levels would be particularly studied : - the phonemic level - the syllable level and - the accentual level. This last point would be specially targeted with the question of syllable tension-relaxation. Such a study of languages in phonetics contacts could shed some new light on the phonetic charaCteristics of Japanese language and will confirm or weaken some conclusion already demonstated otherwise. We will be aming specially at the endings of the borrowed words where, it seems, Japanese language manifests itself very strongly.

• Journal of KIISE:Information Networking
• /
• v.29 no.2
• /
• pp.165-173
• /
• 2002

In the static channel assignment scheme for cellular mobile computing environment, each cell has a fixed number of channels and supports a service for a user′s request entering to the cell. This scheme has an advantage of simplicity. However, this scheme has a disadvantage that can′t control far hot cell problem. Therefore, to solve this problem, the "channel borrowing" concept is needed. In this paper, we propose a load balancing(channel borrowing, channel reassignment) approach using genetic algorithm. The purposes of using genetic algorithm in this paper are ${\circled1}$ to find early a cell including an available channel and ${\circled2}$ to decrease a number of probings and ${\circled3}$ to migrate to the cell after searching an available channel near upon optimality. To represent effectiveness of the proposed algorithm, we simulated various experiments.

• KSII Transactions on Internet and Information Systems (TIIS)
• /
• v.13 no.5
• /
• pp.2258-2276
• /
• 2019

Resource sharing is one of the main goals achieved by network virtualization technology to enhance network resource utilization and enable resource customization. Though resource sharing can improve network efficiency by accommodating various users in a network, limited infrastructure capacity is still a challenge to ultra-low latency service operators. In this paper, we propose an inter-slice resource borrowing schema based on the device-to-device (D2D) potentiality especially for ultra-low latency transmission in cellular networks. An extended and modified Kuhn-Munkres bipartite matching algorithm is developed to optimally achieve inter-slice resource borrowing. Simulation results show that, proper D2D user matching can be achieved, satisfying ultra-low latency (ULL) users' quality of service (QoS) requirements and resource utilization in various scenarios.