• Title/Summary/Keyword: empirical study

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Efficiency and Returns to Scale in the Bangladesh Banking Sector: Empirical Evidence from the Slack-Based DEA Method

  • Sufian, Fadzlan;Kamarudin, Fakarudin
    • Asia-Pacific Journal of Business
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    • v.5 no.1
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    • pp.1-11
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    • 2014
  • The study provides new empirical evidence on the level of profit efficiency and returns to scale of the Bangladesh banking sector. We employ the Slack-Based Data Envelopment Analysis (SBM-DEA) method to assess the level of profit efficiency of individual banks over the years 2004 to 2011. The empirical findings indicate that the Bangladesh banking sector has exhibited the highest and lowest level of profit efficiency during years 2004 and 2011 respectively. We find that only eight banks have been profit efficient throughout the period under study. The empirical findings seem to suggest that most of the Bangladesh banks have been experiencing economies of scale due to being at less than the optimum size, or diseconomies of scale due to being at more than the optimum size. Thus, decreasing or increasing the scale of production could result in cost savings or efficiencies.

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An Empirical Study on the Applicability of Growth-share Matrix in the Construction Industry

  • Lee, Seulbi;Park, Moonseo;Lee, Hyun-Soo;Jang, Youjin
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.210-212
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    • 2015
  • The growth-share matrix is a portfolio planning tool developed by the Boston Consulting Group (BCG) to assist competitive positioning in the international market including those in the construction industry. This matrix is helpful in balancing the firm's cash-flow, and it can suggest strategic directions for each business unit. However, its effectiveness and applicability have long been debated in the academic field due to the complex and unique industrial context of construction. To solve the dispute, this research clarifies the applicability of theories underlying the growth-share matrix to the construction industry. Empirical research based on actual financial data of Korean construction firms is adopted for the statistical analysis including one-way analysis of variance and correlation analysis. The results of this research show that empirical findings on the relationship between performance variables. In this context, this research can provide important insights on the concept of portfolio management in the construction industry.

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FACTORS INFLUENCING STUDENTS' PREFERENCES ON EMPIRICAL AND DEDUCTIVE PROOFS IN GEOMETRY (중학생의 경험적 증명과 연역적 증명에 대한 선호 요인 분석)

  • Park, Gwi-Hee;Yoon, Hyun-Kyoung;Cho, Ji-Young;Jung, Jae-Hoon;Kwon, Oh-Nam
    • Communications of Mathematical Education
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    • v.24 no.2
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    • pp.325-344
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    • 2010
  • The purpose of this study is to investigate what influences students' preferences on empirical and deductive proofs and find their relations. Although empirical and deductive proofs have been seen as a significant aspect of school mathematics, literatures have indicated that students tend to have a preference for empirical proof when they are convinced a mathematical statement. Several studies highlighted students'views about empirical and deductive proof. However, there are few attempts to find the relations of their views about these two proofs. The study was conducted to 47 students in 7~9 grades in the transition from empirical proof to deductive proof according to their mathematics curriculum. The data was collected on the written questionnaire asking students to choose one between empirical and deductive proofs in verifying that the sum of angles in any triangles is $180^{\circ}$. Further, they were asked to provide explanations for their preferences. Students' responses were coded and these codes were categorized to find the relations. As a result, students' responses could be categorized by 3 factors; accuracy of measurement, representative of triangles, and mathematics principles. First, the preferences on empirical proof were derived from considering the measurement as an accurate method, while conceiving the possibility of errors in measurement derived the preferences on deductive proof. Second, a number of students thought that verifying the statement for three different types of triangles -acute, right, obtuse triangles - in empirical proof was enough to convince the statement, while other students regarded these different types of triangles merely as partial examples of triangles and so they preferred deductive proof. Finally, students preferring empirical proof thought that using mathematical principles such as the properties of alternate or corresponding angles made proof more difficult to understand. Students preferring deductive proof, on the other hand, explained roles of these mathematical principles as verification, explanation, and application to other problems. The results indicated that students' preferences were due to their different perceptions of these common factors.

Modified thrust empirical formula of a flapping foil by including the effects of azimuth angles

  • Kumar, Rupesh;Shin, Hyunkyoung
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.13 no.1
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    • pp.126-135
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    • 2021
  • Wave energy is one of the most available sources of renewable energy in the world. It has been previously proven that the flapping foil can generate thrust forces using energy from the surface waves and an empirical formula was proposed to predict the thrust forces generated by a flapping foil consist of NACA0015 section (Kumar and Shin, 2019a). However, the proposed empirical formula was restricted to the head waves i.e. 0° azimuth angle which was not useful for the flapping foils encountering with oblique and following waves. Therefore, in this study, the thrust empirical formula was modified to include the effects of azimuth angles based on the experimentally obtained data. And the modified empirical equations were validated by the combination of foils experimentally.

Comparison of Two Semi-Empirical BRDF algorithms using SPOT/VGT

  • Lee, Chang Suk;Han, Kyung-Soo
    • Korean Journal of Remote Sensing
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    • v.29 no.3
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    • pp.307-314
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    • 2013
  • The Bidirectional Reflectance Distribution (BRD) effect is critical to interpret the surface information using remotely sensed data. This effect was caused by geometric relationship between sensor, target and solar that is inevitable effect for data of optical sensor. To remove the BRD effect, semi-empirical BRDF models are widely used. It is faster to calculate than physical models and demanded less observation than empirical models. In this study, Ross-Li kernel and Roujean kernel were used respectively in National Aeronautics and Space Administration (NASA) and European Organization for the Exploitation of Meteorological Satellites (EUMETSAT) that are used to compare each other. The semi-empirical model consists of three parts which are isotropic, geometric and volumetric scattering. Each part contained physical kernel and empirical coefficients that were calculated by statistical method. Red and NIR channel of SPOT/VEGETATION product were used to compute Nadir BRDF Adjusted Reflectance (NBAR) over East Asia area from January 2009 to December 2009. S1 product was provided by VITO that was conducted atmospheric correction using Simplified Method of Atmospheric Correction (SMAC). NBAR was calculated using corrected reflectance of red and NIR. Previous study has revealed that Roujean geometric kernel had unphysical values in large zenith angles. We extracted empirical coefficients in three parts and normalized reflectance to compare both BRDF models. Two points located forest in Korea peninsular and bare land in Gobi desert were selected for comparison. As results of time series analysis, both models showed similar reflectance change pattern and reasonable values. Whereas in case of empirical coefficients comparison, different changes pattern of values were showed in isotropic coefficients.

Amplification based on shear wave velocity for seismic zonation: comparison of empirical relations and site response results for shallow engineering bedrock sites

  • Anbazhagan, P.;Aditya, Parihar;Rashmi, H.N.
    • Geomechanics and Engineering
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    • v.3 no.3
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    • pp.189-206
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    • 2011
  • Amplification based on empirical relations is widely used for seismic microzonation of urban centers. Amplifications are used to represent the site effects of a particular soil column. Many empirical correlations are available to estimate the amplification of seismic waves. These correlations are based on the ratio of shear wave velocity of foundation/rock to soil velocity or 30 m equivalent shear wave velocity ($Vs^{30}$) and are developed considering deep soil data. The aim of this work is to examine the applicability of available amplification relations in the literature for shallow engineering bedrock sites by carrying out site response studies. Shear wave velocity of thirteen sites having shallow engineering bedrock have been selected for the study. In these locations, the depth of engineering bedrock (> 760 ${\pm}$ 60 m/s) is matched with the drilled bore hole. Shear wave velocity (SWV) has been measured using Multichannel Analysis of Surface Wave survey. These sites are classified according to the National Earthquake Hazards Reduction Program (NEHRP) classification system. Amplifications for an earthquake are arrived for these sites using empirical relations and measured SWV data. Site response analysis has been carried out in SHAKE using SWV and using synthetic and real earthquake data. Amplification from site response analysis and empirical relations are compared. Study shows that the amplification arrived using empirical relations does not match with the site response amplification. Site response amplification is much more than empirical values for same shear wave velocity.

Study on the Correction of a Wing-tail Interference Effect in a Semi-empirical Aerodynamic Analysis Tool (반경험적 공력 해석도구의 주날개-꼬리날개 간섭 효과 보정에 대한 연구)

  • Lee, Dae-Yeon;Kim, Jae-Hyun;Kang, Dong-Gi
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.49 no.2
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    • pp.85-93
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    • 2021
  • In this paper, the aerodynamic characteristics of general tail controlled missile were predicted and corrected the result using semi-empirical analysis tool. The cause of the error was confirmed by comparing the aerodynamic characteristics prediction result of the semi-empirical analysis tool with the wind tunnel test result, and the main error factor of the semi-empirical analysis tool was the interference component between the main wing and the tail wing. The semi-empirical analysis results were corrected using the wind tunnel test results and the computational analysis results, and it was confirmed that the corrected data agrees well with the wind tunnel test results. Through this study, it was confirmed that the wing-tail interference component correction is needed when predicting the aerodynamic characteristics of a general tail controlled missile using a semi-empirical analysis tool.

Developing Multi-construct Model of User Satisfaction in E-Commerce Environment by the Empirical Evidence

  • Kim, Tae-Hwan
    • Management & Information Systems Review
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    • v.25
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    • pp.371-386
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    • 2008
  • In this study, the hypothesized model of internet user satisfaction in e-commerce environment is developed and the relationships among constructs in the model are examined. A Confirmatory factor analysis is employed to analyze the relationships between the multiple dependent variables and independent variables.

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A Study on Traction Prediction of Agricultural Tractor by Empirical Method (경험적 방법에 의한 트랙터의 견인력 예측에 관한 연구)

  • Lee, Dong-Hoon;Lee, Kyou-Seung;Park, Won-Yeop
    • Journal of Biosystems Engineering
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    • v.34 no.5
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    • pp.297-304
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    • 2009
  • This study was conducted to investigate the adequacy of the representative empirical models which are developed for predicting the tractive performance of the tractor operating in various soil conditions. Four representative empirical models which are widely used in the traction prediction of tractor were selected through literature review. Four models were Wismer-Luth, Brixius, Dwyer and Hernandez model, which were empirical traction models of a single wheel. The efficacy of four models were confirmed via comparison of the tractions of tractor predicted using the four models with those measured from traction tests which were conducted for two different driving type (2WD and 4WD) of the tractor on two different soil conditions. The results showed that tractions predicted by Brixius' model, especially for slip range under 20% which the operating efficiency of a tractor is very high, were well consistent with the ones measured from traction test better than the tractions predicted by models which are proposed by Wismer-Luth, Dwyer and Hernandez.

Comprehensive Empirical Equation for Assessing Atmospheric Corrosion Progression of Steel Considering Environmental Parameters

  • Sil, Arjun;Kumar, Vanapalli Naveen
    • Corrosion Science and Technology
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    • v.19 no.4
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    • pp.174-188
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    • 2020
  • Atmospheric corrosion is a natural surface degradation process of metal due to changes in environmental parameters in the surrounding atmosphere. It is very sensitive to environmental parameters such as temperature, relative humidity, sulphur dioxide, and chloride, making it a major global economic challenge. Existing forecasting empirical corrosion models including the ISO standard are based on statistical analysis of experimental studies without considering the behavior of atmospheric parameters. The present study proposes a reliable global empirical model for estimating short and long-term atmospheric corrosion rates based on environmental parameters and corrosion mechanisms obtained from a parametric study. Repercussion of atmospheric corrosion rate due to individual and combined influences of environmental parameters specifies their importance in the estimation. New global empirical coefficients obtained for environmental parameters are statistically established (R2 =0.998) with 95% confidence limit. They are validated using experimental datasets of existing studies observed at 88 different continental locations. The current proposed model can predict atmospheric corrosion by means of corrosion formation mechanisms influenced by combined effects of environmental parameters, further abating applicability limitations of location and time.