• 아태비즈니스연구
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• 제14권3호
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• pp.187-204
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• 2023

Purpose - This study deals with the manager's overconfidence and stock price delay, and verified whether the stock price delay phenomenon changes as the overconfidence increases. Design/methodology/approach - Manager overconfidence means that managers have over confidence in their positions or abilities, and was measured according to Schrand and Zechman (2012). Stock price delay is a phenomenon in which information of company is not immediately reflected in the stock price, but is reflected over time, and was measured by the method suggested in a study by Hou and Moskowitz (2005). The analysis subjects used in this study are companies listed on the KOSPI market between 2011 and 2019, and the final sample is 5,509 company-years. Findings - As a result of the verification, it was shown that the stock price delay decreased as the manager's overconfidence increased, and this effect was amplified as the foreign shareholder's share ratio increased and the number of follow-up financial analysts increased. This means that as the manager's overconfidence increases, he actively provides high-quality information to the capital market. In addition, as a result of subdividing the manager's overconfidence into the investment and capital raising aspects, the capital raising aspect has a significant effect on reducing stock delays. This can be interpreted as the fact that managers with overconfident tendencies have a greater incentive to satisfy investors' information needs. Research implications or Originality - In previous studies, the characteristics of managers with strong overconfidence have both positive and negative aspects. The results of this study are significant in that they clearly demonstrated the positive aspect through the market variable of stock price delay, and it is expected to help capital market stakeholders understand the characteristics of managers with a strong propensity for overconfidence.

• 화약ㆍ발파
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• 제41권4호
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• pp.41-50
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• 2023

본 연구에서는 굴착 물량 증대와 발파공해 저감을 위해서 전자뇌관을 이용한 수직방향 더블 데크 공법을 적용하였다. 더블 데크 공법은 상부 데크 발파 후 자유면이 완전히 형성되지 않은 상태에서 하부 데크 발파가 진행되면 발파 효율이 감소할 가능성이 있다. 이와 같은 이유로 더블 데크 공법은 데크 단차에 따라서 발파 효율이 달라진다. 따라서 본 연구에서는 홀 단차의 1~5배를 적용한 4가지 데크 단차를 제안하였고, 발파 후 파쇄도 분석을 통해 발파 효율을 평가하였다. 파쇄도 평가 결과 패턴 4(데크 단차=홀 단차×5)의 파쇄도가 가장 좋았으며, 패턴 3(데크 단차=홀 단차×3) 이상에서 파쇄효율이 큰 폭으로 증가하는 것을 확인할 수 있었다. 이에 따라 수직방향 더블 데크 발파 시 데크 단차는 최소 홀 단차의 3배 이상이 되어야 효율적인 발파 효과를 얻을 수 있다고 분석되었다.

• Journal of applied mathematics & informatics
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• 제17권1_2_3호
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• pp.361-377
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• 2005

A mathematical model dealing with a prey-predator system with disease in the prey is considered. The functional response of the predator is governed by a Hoilling type-2 function. Mathematical analysis of the model regarding stability and persistence has been performed. The effect of delay and diffusion on the above system is studied. The role of diffusivity on stability and persistence criteria of the system has also been discussed.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2008년도 심포지엄 논문집 정보 및 제어부문
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• pp.207-208
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• 2008

This paper presents a robust state observer design for a class of Lipschitz nonlinear systems with time delay and external disturbance. A sufficient conditions on the existence of the proposed observer are characterized by linear matrix inequalities. It is also shown that the proposed observer design can reduce the effect on the estimation error of external disturbance up to the prescribed level in spite of the existence of time delay. Finally, a numerical example is provided to verify the proposed design method.

• 대한수학회지
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• 제42권5호
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• pp.1071-1086
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• 2005

In this paper, we introduce a discrete time to the model to describe the time between infection of a CD4$^{+}$ T-cells, and the emission of viral particles on a cellular level. We study the effect of the time delay on the stability of the endemically infected equilibrium, criteria are given to ensure that the infected equilibrium is asymptotically stable for all delay. We also obtain the condition for existence of an orbitally asymptotically stable periodic solution.

• Journal of applied mathematics & informatics
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• 제29권5_6호
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• pp.1381-1393
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• 2011

In this paper, we consider two-species periodic Gilpin-Ayala competition system with delay and impulsive effect. By using some analysis methods, sufficient conditions for the permanence of the system are derived. Further, we give the conditions of the existence and global asymptotic stable of positive periodic solution.

• 대한전자공학회:학술대회논문집
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• 대한전자공학회 1998년도 하계종합학술대회논문집
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• pp.243-246
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• 1998

A predictive controller is designed based upon stochastic methods for compensation of network time delay which caused by the spatial separation between controllers and actuators. Current commands are generated by using time varying probability functions which can be defined according to the values of previous control inputs and actual outputs. To demonstrate the effect of this control methodology, simulation experiments are performed. The results show that even an unstabilized system by a long time delay can be stabilized with this predictive controller.

• 대한전자공학회:학술대회논문집
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• 대한전자공학회 2002년도 ITC-CSCC -2
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• pp.1300-1303
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• 2002

In this paper, we consider how to treat delay-time uncertainties caused by inter-die and intradie variabilities in evaluating the distribution of the critical delay of a CMOS combinatorial circuit, and formulate inter-die variability as a correlation of delays. Then, we propose an algorithm to evaluate the distribution of the critical delay based on the algorithm in ［1] which takes correlations into account. We also show some experimental results to see the effect of the formulation.

• 제어로봇시스템학회:학술대회논문집
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• 제어로봇시스템학회 2000년도 제15차 학술회의논문집
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• pp.3-3
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• 2000

Limit cycle analysis of attitude control system using gas jet thrusters is performed. Schmitt-Trigger and PD control laws are applied and solenoid valve time delay is considered. Phase plane method is used for calculation of characteristics of limit cycle. Important characteristics of resultant limit cycle such as frequency, amplitude, maximum rate, and duty ratio could be expressed analytically by proposed method.

• Journal of applied mathematics & informatics
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• 제28권5_6호
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• pp.1185-1202
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• 2010

In this paper, we have studied the dynamical behaviour such as boundedness, local and global stabilities, bifurcation of a single species population affected by environmental toxicant and population toxicant. We have also studied the effect of discrete delay of the environmental toxicant on the instantaneous growth rates of the population biomass and population toxicant due to incubation period. The length of delay preserving the stability is also estimated. Computer simulations are carried out to illustrate our analytical findings.