• Title/Summary/Keyword: economic stability

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Optimization of Transient Stability Control Part-II: For Cases with Different Unstable Modes

  • Xue Yusheng;Li Wei;Hill David John
    • International Journal of Control, Automation, and Systems
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    • v.3 no.spc2
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    • pp.341-345
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    • 2005
  • Part-I of this two-part paper develops an optimal algorithm for transient stability control to coordinate the preventive actions and emergency actions for a subset of contingencies with an identical unstable mode. In this portion, several subsets of contingencies having dissimilar unstable modes are dealt with. Preventive actions benefiting a subset of contingencies may go against the stability of others, thus coordination among the optimal schemes for individual subsets is necessary. The coordination can be achieved by replacing some preventive actions with contingency-specified emergency actions. It is formulated as a classical model of economic dispatch with stability constraints and stability control costs. Such an optimal algorithm is proposed based on the algorithm in Part-I of the paper and is verified by simulations on a Chinese power system.

A Study on the Distress Prediction in the Fishery Industry (수산기업의 부실화 요인 및 예측에 관한 연구)

  • Lee, Yun-Won;Jang, Chang-Ik;Hong, Jae-Beom
    • Proceedings of the Fisheries Business Administration Society of Korea Conference
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    • 2007.12a
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    • pp.167-184
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    • 2007
  • The objectives of this paper are to identify the causes of the corporate distress and to develop a distress prediction model with the financial information in fishery industry. In this study, the corporate distress is defined as economic failure and technical insolvency. Economic failure occurs by reduction, shut-down, or change of the business and technical insolvency results from failure to pay the financial debt of companies. The 33 distressed firms from 1991 to 2003 were composed by 14 economic failure companies, 15 technical insolvency companies. 4 companies applied to the both cases. The analysis of distress prediction of fishery companies were accomplished according to the distress definition. The analysis was carried out as two steps. The first step was the univariate analysis, which was used for checking the prediction power of individual financial variable. The t-test is used to identify the differences in financial variables between the distressed group and the non-distressed group. The second step was to develop distress prediction model with logistic regression. The variables showed the significant difference in univariate analysis were selected as the prediction variables. The financial ratios, used in the logistic regression model, were selected by backward elimination method. To test stability of the distress prediction model, the whole sample was divided as three sub-samples, period 1(1990$\sim$1993), period 2(1994$\sim$1997), period 3(1998$\sim$2002). The final model built from whole sample appled each three sub-samples. The results of the logistic analysis were as follows. the growth, profitability, stability ratios showed the significant effect on the distress. the some different result was found in the sub-sample (economic failure and technical insolvency). The growth and the profitability were important to predict the economic failure. The profitability and the activity were important to predict technical insolvency. It means that profitability is the really important factor to the fishery companies.

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A Study on the Distress Prediction in the Fishery Industry (수산기업의 부실화 요인과 그 예측에 관한 연구)

  • Jang, Chang-Ick;Lee, Yun-Weon;Hong, Jae-Bum
    • The Journal of Fisheries Business Administration
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    • v.39 no.2
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    • pp.61-79
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    • 2008
  • The objectives of this paper are to identify the causes of the corporate distress and to develop a distress prediction model with the financial information in fishery industry. In this study, the corporate distress is defined as economic failure and technical insolvency. Economic failure occurs by reduction, shut - down, or change of the business and technical insolvency results from failure to pay the financial debt of companies. The 33 distressed firms from 1991 to 2003 were composed by 14 economic failure companies, 15 technical insolvency companies. 4 companies applied to the both cases. The analysis of distress prediction of fishery companies were accomplished according to the distress definition. The analysis was carried out as two steps. The first step was the univariate analysis, which was used for checking the prediction power of individual financial variable. The t - test is used to identify the differences in financial variables between the distressed group and the non - distressed group. The second step was to develop distress prediction model with logistic regression. The variables showed the significant difference in univariate analysis were selected as the prediction variables. The financial ratios, used in the logistic regression model, were selected by backward elimination method. To test stability of the distress prediction model, the whole sample was divided as three sub-samples, period 1(1990 - 1993), period 2(1994 - 1997), period 3(1998 - 2002). The final model built from whole sample appled each three sub - samples. The results of the logistic analysis were as follows. the growth, profitability, stability ratios showed the significant effect on the distress. the some different result was found in the sub - sample (economic failure and technical insolvency). The growth and the profitability were important to predict the economic failure. The profitability and the activity were important to predict technical insolvency. It means that profitability is the really important factor to the fishery companies.

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A Study on Marital satisfaction and Marital Stability by Level of Socio-Economic Status. (사회경제적 지위에 따른 결혼만족도와 결혼안정성에 관한 연구)

  • 최윤실;옥선화
    • Journal of Families and Better Life
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    • v.5 no.2
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    • pp.83-97
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    • 1987
  • The objected of this study were to investigate how social class system influences family life, especially, marital relationship through area of marital satisfaction and marital stability and to find out influences of variables related to marital stability, that is, marital satisfaction, marital alternatives and barriers to marital breakup. The study was performed in a viewpoint of social exchange approach. Major findings were as follows; First, husbands and wive's marital satisfaction and marital stability differed significantly by their level of SES. The marital satisfaction scores and the marital stability score of higher class were higher than those of lower class. second, the higher the marital satisfaction scores and the barriers to marital breakup scores were, the higher the marital stability scores were. And the higher the marital alternatives scores were, the loser the marital stability scores were. Third, the independent influences of variables related to marital stability were differed by level of SES. The last, the typology of marital satisfaction and marital stability differed by level of SES. In lower class, the marriage type of low satisfaction and low stability is more than other types. But in middle and upper class, the most marriage type is high satisfaction and high stability marriage.

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Thermodynamic Prediction of Groundwater-Rock Interaction Products around Underground Disposal Sites (심부 처분장 주변 지하수-암석 반응 생성물의 열역학적 예측)

  • Lee, Jong-Un
    • Economic and Environmental Geology
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    • v.48 no.2
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    • pp.131-145
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    • 2015
  • Thermodynamic prediction of weathering products from primary aquifer minerals around underground disposal sites was investigated. The distribution of solubility quotients for kaolinite-smectite reactions showed the trend of reaching at equilibrium with Ca-, Mg-, and Na-smectite for deep groundwaters in granitic aquifers. The values of $10^{-14.56}$, $10^{-15.73}$, and $10^{-7.76}$ were proposed as equilibrium constants between kaolinite and Ca-, Mg-, and Na-smectite end members, respectively. On stability diagrams, most of deep groundwaters were located at equilibrium boundaries between stability fields of kaolinite and smectites or on stability fields of smectites and illite. Shallow groundwaters in basic rock aquifer were plotted at the same stability areas of deep granitic groundwaters on stability diagrams. The results indicated that the primiary mineralogical composition may be important to predict weathering products in deep aquifers.

Characteristics of the Marriage and Marital Stability among Elderly Couples (노년기 부부의 결혼특성요인과 결혼안정성)

  • 김태현;전길양
    • Journal of Families and Better Life
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    • v.20 no.4
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    • pp.197-206
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    • 2002
  • The purpose of this study was to examine the effect of marital characteristics on the marital stability among the elderly couples. Each participant was measured using a scale for the concept of marriage, a scale for marital coherence, a marital stress scale, a coping behavior scale and a marital stability scale. Elderly people who have a living spouse and who are living In Seoul were recruited. The data from two hundred and forty participants over 60-years-old were used in the final analyses. Major findings are as follows First, demographic factors such as educational level, health, economic status, the main source of income, and employment status appeared to significantly predict the elderly folks'marital stability Second, gender seems to be a factor In elderly couples'experience of marital stability. Husbands perceived marital stability to be higher than wives did. Third, the perception of marital stress, positive coping behavior and marital coherence influence the marital stability of the elderly couples. That is, the less elderly couples perceived marital stress and the less they relied on negative coping behaviors, the higher they perceived marital stability. These results imply that a healthful coping behavior to marital stress is important in enhancing marital stability for elderly couples.

The Effect of Bank Liquidity on Bank's Stability in the Presence of Managerial Optimism

  • HABIB, Ashfaq;KHAN, Muhammad Asif;MEYER, Natanya
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.183-196
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    • 2022
  • Bank stability serves as a prerequisite for the smooth functioning of economic and financial activities in the country. Banks face numerous risks, and liquidity plays an essential role in determining a bank's long-term growth and financial stability. By using the sample of 70 banks of the Gulf Cooperation Council, this study examines the association between funding the liquidity and the creation of liquidity and their impact on bank stability. Firstly, the reciprocal relationship reveals between funding the liquidity and the creation of liquidity by employing the 2SLS regression model. Further, by employing the dynamic GMM model, the research finds that funding liquidity is significant and positively influences bank stability. However, bank stability is significantly negatively influenced by the creation of liquidity, but the combined effect of funding the liquidity and creation of liquidity positively explains the bank stability. Additionally, this study reveals that managerial optimism biases contribute to determining the bank's liquidity and long-term stability. The finding of this study supports the executives, policymakers, and management of banks in understating liquidity risks, efficiency, and bank stability. The findings support regulatory guidelines mainly by the Basel III framework, which places more importance on the joint management of funding the liquidity and creation of liquidity in the economy.

The Impact of Trade Openness on Economic Growth in China: An Empirical Analysis

  • Hye, Qazi Muhammad Adnan;Wizarat, Shahida;Lau, Wee-Yeap
    • The Journal of Asian Finance, Economics and Business
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    • v.3 no.3
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    • pp.27-37
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    • 2016
  • This study uses an endogenous economic growth model to determine the long run relationship between trade openness and economic growth in China by using the data 1975-2009.It contributes to the literature by developing trade openness index. An autoregressive distributed lag approach to cointegration and rolling regression method are employed. This study tests the link between trade openness and economic growth in the case of China by using the framework of endogenous economic growth model. This study also employs the rolling window regression method in order to examine the stability of coefficients throughout the sample span. The autoregressive distributed lag (ARDL) cointegration technique and rolling regression method are used. The empirical findings indicate that trade openness (i.e. Both individual trade indicator and composite trade openness index) are positively related to economic growth in the long run and short run. Our results indicate that trade openness as measured by individual trade indicator and composite trade openness index are positively related to economic growth in the long run and short run. However, results from the rolling window suggest that trade openness is negatively linked to economic growth only for a number of years.

A Study on the Development and Verification of a Korean-style Weekly Economic Activity Index(WEAI) Model in the Public Sector: By Analyzing Major Cases (공공부문 한국형 주간경제지수 모델 개발 및 검증에 관한 연구: 주요사례를 분석하여)

  • Song, Seokhyun
    • Journal of Information Technology Services
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    • v.20 no.5
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    • pp.177-187
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    • 2021
  • The global economy has been very difficult due to the recent impact of COVID-19. Korea is also pushing for strong quarantine policies such as K- quarantine and social distancing, but the economy is hardly recovering. In particular, the economic situation began to change rapidly depending on the export and domestic market, the public's interest in the economy increased, and companies became more sensitive. In order to estimate this rapidly changing economic situation, major advanced countries have also developed models that can periodically monitor the economy at the government level. Through this, by periodically reporting the economic trends, the public and companies can be aware of the economic trends to some extent. This study analyzed the cases of weekly business trends in advanced countries and developed a model of weekly economic activity suitable for Korea. To verify this, indices closely related to the economy such as mobility, industrial activity, face-to-face consumption, and psychology were discovered and estimated. As a result of the study, the weekly economic activity index was judged to be very useful in capturing short-term real economic activity. In the future, in order to secure the robustness and stability of the index and to increase the reflection of reality, model improvement and parameter estimation should be performed regularly.

The Economic Security System in the Conditions of the Powers Transformation

  • Arefieva, Olena;Tulchynska, Svitlana;Popelo, Olha;Arefiev, Serhii;Tkachenko, Tetiana
    • International Journal of Computer Science & Network Security
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    • v.21 no.7
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    • pp.35-42
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    • 2021
  • In the article, the authors investigate the economic security system in the conditions of the powers transformation. It is substantiated that economic security acts as a certain system that includes components and at the same time acts as a subsystem of the highest order. It is determined that the economic security system of regions acting as a system has its subsystems, which include: production, financial, environmental, innovation, investment and social subsystems. The parameters of the economic security system include relative economic independence, economic stability and self-development of economic systems, and it is proved that an important feature of economic security in addition to its systemic nature is multi-vector. It is substantiated that the monitoring of ensuring the economic security system of the development of economic systems of different levels in the conditions of the powers transformation should contain the analysis of social, economic and ecological development of regions; spheres of possible dangers of the development of regional economic systems; the nature of the threats; the degree of the possibility of threats; time perspective of economic development threats; possible consequences of losses for economic entities; the impact of threats to the object of the economic entities' activity; possible asymmetry of economic development of regional economic entities. Possible threats as a consequence of the powers transformation have been identified. A PEST analysis of the impact of factors of different nature on economic security and the development of regional economic systems in the powers transformation is carried out. A recurrent ratio is proposed for the economic security system in the conditions of the powers transformation.