• Title/Summary/Keyword: effective interest rate

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Nonparametric Procedures for Finding the Minimum Effective Dose in Each of Several Group (다중 그룹 상황에서의 최소 효과 용량을 정하는 비모수적 검정법)

  • Bae, Su-Hyun;Kim, Dong-Jae
    • Communications for Statistical Applications and Methods
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    • v.19 no.1
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    • pp.33-45
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    • 2012
  • The primary interest of drug development studies is to estimate the smallest dose that shows a significant difference from the zero-dose control. The smallest dose is called the Minimum Effective dose(MED). In this paper, we suggest a nonparametric procedure to simultaneously find the MED of each group based on placements. The Monte Carlo simulation is adapted to estimate the power and the family-wise error rate(FWE) of the new procedures with those of discussed nonparametric tests to find MED.

An improvement plan of mathematics academic achievement in the H/W curriculum (하드웨어 전공자들의 수학 관련 교과목 학업성취도 제고 방안)

  • Lee, Seung-Woo
    • Journal of the Korean Data and Information Science Society
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    • v.26 no.4
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    • pp.801-812
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    • 2015
  • The purpose of this study is to increase the interest in mathematics-related curriculum and improve mathematics academic achievement of H/W majors. Firstly, this paper proposes the educational case study that develops the learner's ability, increases the interest and raises the employment rate in the unfavorable mathematics-related fields for the H/W majors. Secondly, this paper presents the future teaching method on mathematics-related curriculum that applies to the actually teaching-learning based on the computer programming in the field of the H/W. Lastly, this paper suggests the promising pedagogical method for mathematics by using the statistical analyses of academic achievements and surveys in order to present the effective conducting method of mathematics education.

A Dynamic Study on Housing and Stock Market in Europe : Focused on Greece

  • JEONG, Dong-Bin
    • East Asian Journal of Business Economics (EAJBE)
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    • v.8 no.1
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    • pp.57-69
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    • 2020
  • Purpose - This study examines what are the asset market fluctuations in Europe and how each economic variable affects major variables, and explore the dynamics of housing and stock market through Greece. The variables under consideration are balance on current account (BCA), index of stock (STOCK), gross domestic product (GDP), housing price indices (HOUSING), M3, real rate of interest (IR_REAL) and household credits (LOAN). We investigate the functional and causal relationships between housing and stock market. Research design, data, and methodology - Vector error correction model (VECM) is used to figure out the dynamic relationships among variables. This study also contains the augmented Dickey-Fuller unit root, cointegration, Granger causality test, and impulse response function and variance decomposition analysis by EViews 11.0. Results - The statistical tests show that all variables under consideration have one unit root and there is a longterm equilibrium relationship among variables for Greece. GDP, IR_REAL, M3, STOCK and LOAN can be considered as causal factors to affect real estate market, while GDP, LOAN, M3, BCA and HOUSING can bring direct effects to stock market in Greece. Conclusions - It can be judged that the policy that affects the lending policy of financial institutions may be more effective than the indirect variable such as monetary interest rate.

A Study on the Periodic Inspection Policy and Its Improvement (정기검사정책과 개선에 관한 연구)

  • Im, Pyoung-Soon;Suh, Yong-Sung;Park, Young-Taek
    • Journal of Korean Society for Quality Management
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    • v.22 no.4
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    • pp.40-58
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    • 1994
  • Some systems such as early warning system should be inspected occasionally in order to detect failures. If the system is inspected too frequently, inspection cost increases. On the other hand, if the number of inspections is reduced too much, the undetected system downtime cost increases. Thus, it is of interest to find effective inspection schedule, which minimizes the sum of inspection and downtime costs. When the system has increasing failure rate, inspection intervals get shorter as time goes on. But a common practice is to inspect the system at predetermined periodic intervals. In this paper, periodic inspection policy and a modified periodic inspection policy are considered. The modified policy is easily applicable and cost-effective. Some numerical examples are included in order to explain the modified inspection ploicy and its cost performance.

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Individual Identification Using Ear Region Based on SIFT (SIFT 기반의 귀 영역을 이용한 개인 식별)

  • Kim, Min-Ki
    • Journal of Korea Multimedia Society
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    • v.18 no.1
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    • pp.1-8
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    • 2015
  • In recent years, ear has emerged as a new biometric trait, because it has advantage of higher user acceptance than fingerprint and can be captured at remote distance in an indoor or outdoor environment. This paper proposes an individual identification method using ear region based on SIFT(shift invariant feature transform). Unlike most of the previous studies using rectangle shape for extracting a region of interest(ROI), this study sets an ROI as a flexible expanded region including ear. It also presents an effective extraction and matching method for SIFT keypoints. Experiments for evaluating the performance of the proposed method were performed on IITD public database. It showed correct identification rate of 98.89%, and it showed 98.44% with a deformed dataset of 20% occlusion. These results show that the proposed method is effective in ear recognition and robust to occlusion.

Is Expansionary Fiscal and Monetary Policy Effective in Australia?

  • HSING, Yu
    • Asian Journal of Business Environment
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    • v.9 no.3
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    • pp.5-9
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    • 2019
  • Purpose - This paper examines whether fiscal and monetary expansion would affect output in Australia. Research design, data, and methodology - An extended IS-LM model which describes the equilibrium in the goods market and the money market is applied. The real effective exchange rate and the real stock price are included in order to determine whether there may be any substitution or wealth effect. The sample consists of Annual data ranging from 1990 to 2018. The GARCH process is used in empirical work to correct for potential autoregressive conditional heteroscedasticity. Results - Expansionary fiscal policy reduces output; whereas, expansionary monetary policy raises output. In addition, real appreciation of the Australian dollar, a lower U.S. interest rate, a higher real stock price or a lower expected inflation would increase output. The finding that expansionary fiscal policy has a negative impact on real GDP suggests that the negative crowding-out effect on private spending dominates the positive impact. Conclusions - Fiscal prudence needs to be pursued. Real depreciation of the Australian dollar hurts output. Monetary tightening in the U.S. generates a negative effect on Australia's output. A healthy stock market is conducive to economic growth as higher stock prices tend to result in the wealth and other positive effects, increasing consumption and business spending.

A Study on the Machining Characteristics for Micro Lens Array Mold (마이크로 렌즈 어레이 금형의 가공특성에 관한 연구)

  • 정재엽;이동주;홍성민;제태진;이응숙
    • Proceedings of the Korean Society of Machine Tool Engineers Conference
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    • 2002.10a
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    • pp.370-375
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    • 2002
  • Recently, the interest on micro optical parts has increased rapidly with the development of technology related to microsystems. Among the optical parts, micro lens is one of the most broadly used micro parts. To mass-produce the micro lenses, it is very effective to use the mold insert and injection molding process. There are many methods to fabricate the mold insert for micro lenses: electroforming, etching, mechanical micromachining and so on. In this study, we fabricated the mold insert for micro lenses using a micro ball endmill to apply mechanical micromaching method and analyzed the effect of main process parameters such as spindle speed, feed rate, dwell time on the processed surface. Then, using fabricated the mold insert we fabricated the micro lenses through injection molding process.

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Vehicle Detection for Adaptive Head-Lamp Control of Night Vision System (적응형 헤드 램프 컨트롤을 위한 야간 차량 인식)

  • Kim, Hyun-Koo;Jung, Ho-Youl;Park, Ju H.
    • IEMEK Journal of Embedded Systems and Applications
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    • v.6 no.1
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    • pp.8-15
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    • 2011
  • This paper presents an effective method for detecting vehicles in front of the camera-assisted car during nighttime driving. The proposed method detects vehicles based on detecting vehicle headlights and taillights using techniques of image segmentation and clustering. First, in order to effectively extract spotlight of interest, a pre-signal-processing process based on camera lens filter and labeling method is applied on road-scene images. Second, to spatial clustering vehicle of detecting lamps, a grouping process use light tracking method and locating vehicle lighting patterns. For simulation, we are implemented through Da-vinci 7437 DSP board with visible light mono-camera and tested it in urban and rural roads. Through the test, classification performances are above 89% of precision rate and 94% of recall rate evaluated on real-time environment.

The Relationship Between Financial Condition and Business Cycle in Mongolia

  • Doojav, Gan-Ochir;Purevdorj, Munkhbayar
    • East Asian Economic Review
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    • v.23 no.2
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    • pp.203-223
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    • 2019
  • This paper examines the interactions between financial conditions and business cycles in Mongolia, a small open economy, heavily depending on commodity exports. We construct two financial conditions indexes based on the reduced form IS model and the vector autoregression (VAR) model as surveillance tools to quantify the degree of the financial conditions. We find that real short-term interest rate and real effective exchange rate gap get a higher weight in the FCIs. Both business and financial cycles are often more pronounced in Mongolia, and financial condition is dependent of the financial and monetary policies in place. The analysis of the predictive power of the FCIs for business cycles shows that they have predictive information for the near-term economic activities. FCIs are also helpful in signaling inflation turning points.

A Test on the Efficiency of Monetary Policy in Korea (한국 통화정책의 효율성 검정)

  • Cho, Seonghoon;Huh, Hyeon-seung;Woo, Hee Yeul
    • KDI Journal of Economic Policy
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    • v.29 no.2
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    • pp.117-133
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    • 2007
  • This paper evaluates the efficiency of monetary policy in Korea within the framework of interest rate feedback rules. For this, a small open macroeconomic model is constructed in a similar fashion to Ball (1999). The model is shown to capture key features of the Korean economy well. Using this estimated model, optimal instrument rules are derived for a set of different monetary policy objectives. Empirical results find that the actual monetary policy in the class of instrument rules was not very effective in stabilizing the output gap relative to inflation. However, seemingly successful inflation stabilization observed in the data are not consistent with the policy rules as the reaction of the interest rate to inflation is very low. It also appears that the central bank did not react right to movements in the real exchange rate. This paper offers some suggestions for the conduct of monetary policy in Korea.

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