• Title/Summary/Keyword: index value

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Development of Expected Loss Capability Index Using Reflected Normal Loss Function (역정규 손실함수를 이용한 기대손실 능력지수의 개발)

  • Chun, Dong-Jin;Chung, Young-Bae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.1
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    • pp.41-49
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    • 2017
  • Process quality control, which prevents problems and risks that may occur in products and processes, has been recognized as an important issue, and SPC techniques have been used for this purpose. Process Capability Index (PCI) is useful Statistical Process Control (SPC) tool that is measure of process diagnostic and assessment tools widely use in industrial field. It has advantage of easy to calculate and easy to use in the field. $C_p$ and $C_{pk}$ are traditional PCIs. These traditional $C_p$ and $C_{pk}$ were used only as a measure of process capability, taking into account the quality variance or the bias of the process mean. These are not given information about the characteristic value does not match the target value of the process and this has the disadvantage that it is difficult to assess the economic losses that may arise in the enterprise. Studies of this process capability index by many scholars actively for supplement of its disadvantage. These studies to evaluate the capability of situation of various field has presented a new process capability index. $C_{pm}$ is considers both the process variation and the process deviation from target value. And $C_{pm}{^+}$ is considers economic loss for the process deviation from target value. In this paper we developed an improved Expected Loss Capability Index using Reflected Normal Loss Function of Spring. This has the advantage that it is easy to realistically reflect the loss when the specification is asymmetric around the target value. And check the correlation between existing traditional process capability index ($C_{pk}$) and new one. Finally, we propose the criteria for classification about developed process capability index.

Species Diversity Analysis of Mushrooms Collected in Mt. Chiak

  • Lee, Byung-Kook;Kim, Kyoung Su;Eom, Ki-Cheol;Seok, Soon-Ja
    • 한국균학회소식:학술대회논문집
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    • 2014.05a
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    • pp.19-19
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    • 2014
  • This study included the analysis of mushroom data collected from Mt. Chiak in Gangwon-do using various methods. Former studies of Korean mushrooms are limited by regional characters and there is less species diversity among the regions. This study tried to find a way for the forecast of mushroom distribution and appearance by indexes of species diversity. The indexes used in this study include the number of fungi (N), the number of species (S), similarity index (C), richness index (R1, R2), variety index (V1, V2), evenness index (E1, E2, E3, E4, E5), and dominance index (D1) to analyze variety of species diversity. Analyses of data of fungi using a multistage cluster sampling indicate that the average value of C for years was higher than the average value of C for areas. The mushrooms consisted of 208 species in 686 individuals in limited fungal collection from 2002 to 2003. One hundred thirty nine species in 393 individuals were collected in 2002, and 122 species 293 individuals were collected in 2003. The individuals collected in 2003 were smaller than 2002's individuals. Similarity, richness, and variety indexes' values of 2003 were reduced than 2002's values but dominance index of 2003 was increased than 2002's value. Generally the species diversity of the environment to evaluate the index of similarity, richness, and variety was a higher index; dominance index was lower than that of the surrounding environment, suggesting a good diversity. As a result, the occurrence of mushrooms in the surrounding environment and the various factors seem fell in 2002 compared to 2003. The majority genus of the limited fungal collection was Mycena genus in 63 individuals; the majority species was Laccaria laccata in 34 individuals. Ninety three species in 106 individuals were collected by the extended collection and the majority genus of the extended collection was Amanita genus in 17 individuals; the majority species was Amanita citrina (Schaeff.) Pers. which was found in 5 individuals. This demonstrates that periodical similarity's value was 0.159 is higher than special similarity's 0.119. This indicates that the probability of the appearance of same mushrooms in the same area in following year is higher than the probability of the appearance of same mushrooms in the surrounding area in same year. The value of coefficient of variation (CV), in which the amount of change is much or less by N is higher than the CV value by S. CV value of dominance index(D) was the highest r point among other indexes, and evenness index (E) was the lowest point among other indexes. The correlation matrix with 66 combinations between the indexes, the combinations with correlations was 46 combinations. These results revealed that indexes of R1, V2, and E1 were proper to represent species diversity of fungi based on the correlation matrix and the theory of statistical independence which means there is no or less mutual association. This research would contribute to the study about variable living creature by measuring method and in the future this would be used to figure out regulation about fungi with their correlation, values in ecosystem, develop improving new models about agricultural fungi species and numbers by investigating agricultural variable species.

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Improving Efficiency of the Moment Estimator of the Extreme Value Index

  • Yun, Seokhoon
    • Journal of the Korean Statistical Society
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    • v.30 no.3
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    • pp.419-433
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    • 2001
  • In this paper we introduce a method of improving efficiency of the moment estimator of Dekkers, Einmahl and de Haan(1989) for the extreme value index $\beta$. a new estimator of $\beta$ is proposed by adding the third moment ot the original moment estimator which is composed of the first two moments of the log-transformed sample data. We establish asymptotic normality of the new estimator and examine and adaptive procedure for the new estimator. The resulting adaptive estimator proves to be asymptotically better than the moment estimator particularly for $\beta$<0.

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On Efficient Estimation of the Extreme Value Index with Good Finite-Sample Performance

  • Yun, Seokhoon
    • Journal of the Korean Statistical Society
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    • v.28 no.1
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    • pp.57-72
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    • 1999
  • Falk(1994) showed that the asymptotic efficiency of the Pickands estimator of the extreme value index $\beta$ can considerably be improved by a simple convex combination. In this paper we propose an alternative estimator of $\beta$ which is as asymptotically efficient as the optimal convex combination of the Pickands estimators but has a better finite-sample performance. We prove consistency and asymptotic normality of the proposed estimator. Monte Carlo simulations are conducted to compare the finite-sample performances of the proposed estimator and the optimal convex combination estimator.

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Minimax Choice and Convex Combinations of Generalized Pickands Estimator of the Extreme Value Index

  • Yun, Seokhoon
    • Journal of the Korean Statistical Society
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    • v.31 no.3
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    • pp.315-328
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    • 2002
  • As an extension of the well-known Pickands (1975) estimate. for the extreme value index, Yun (2002) introduced a generalized Pickands estimator. This paper searches for a minimax estimator in the sense of minimizing the maximum asymptotic relative efficiency of the Pickands estimator with respect to the generalized one. To reduce the asymptotic variance of the resulting estimator, convex combinations of the minimax estimator are also considered and their asymptotic normality is established. Finally, the optimal combination is determined and proves to be superior to the generalized Pickands estimator.

THE RELATIONSHIP BETWEEN BUFFER INDEX CURVE AND FERMENTATION QUALITY OF SILAGE

  • Kim, K.H;Uchida, S.
    • Asian-Australasian Journal of Animal Sciences
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    • v.4 no.1
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    • pp.67-71
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    • 1991
  • The purpose of this study was to investigate the possibility of using the buffer index curve as a criterion of silage quality evaluation. The buffer index (or buffer capacity, $\beta$) value is the amount of 0.1N NaOH consumed in titrating from the beginning to the end of the chosen pH step. This value equals the slope of the titration curve at the chosen pH range (${\beta}={\Delta}NaOH/{\Delta}pH$). There were two patterns of buffer index curve. Poorly preserved silages had a peak at pH 5.0, whereas with well preserved silages the peaks tended to rise to the pH 3.75 or 4.00. Well preserved, wilted silages with high pH also appeared to have peak values at pH 3.75 or 4.00. There was a high positive correlationship between the concentration of lactic acid and peak value of good quality silage (r = 0.994, p < 0.01). Also a high positive correlationship (r = 0.899, p < 0.001) was found between the sums of concentration of acetic and butyric acids and the peak values of poor quality silages. The results of these experiments verified the value of the buffer index method as a criterion of silage quality evaluation.

Effect of Porosity on Quality Index of Tensile Property of A356 Casting Alloys (A356합금의 품질지수에 미치는 미소기공율의 영향)

  • Lee, Choong-Do
    • Journal of Korea Foundry Society
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    • v.38 no.5
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    • pp.95-102
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    • 2018
  • The dependence of the tensile properties on variations in the porosity of A356 aluminium alloys was investigated in terms of the quality index of the tensile properties based upon the ultimate tensile strength and elongation as well as the variation of the strength coefficient and strain-hardening exponent with regard to a T6 treatment. The test specimens were prepared by low-pressure die-casting and a subsequent T6 treatment, and the experimental results of a tensile test carried out at room temperature were compared to the theoretical description using a modified constitutive model. The nominal value of the quality index of A356 alloys increases gradually with a lapse of the ageing time upon a T6 treatment, despite the fact that this value is temporarily decreased during the initial stage of ageing from a solutionised condition. Additionally, the quality index depends practically upon the porosity variation with a power law relationship without regard to whether in solutionised or artificial aged conditions. The theoretical description indicates that the strength coefficient directly determines the nominal level of the quality index. Moreover, the overall dependence of the quality index on the porosity variation is remarkably weakened with an increase in the tensile strain, whereas the quality index depends sensitively upon the porosity variation with a low value of the strain-hardening exponent.

Stock Market Sentiment and Stock Returns

  • Kim, Taehyuk;Ryu, Hoyoung
    • Journal of the Korean Data Analysis Society
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    • v.20 no.6
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    • pp.2759-2769
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    • 2018
  • The behavioral finance view on the existence of asset pricing anomalies is based on two factors: investors' sentiment and limits to arbitrage. This paper tries to examine the effect of investors' sentiment on the stock price in the Korean stock market. In order to measure investors' sentiment, we constructed the sentiment index using principal component of five sentiment variables. By using sentiment index as an additional independent variable to three risk factors, impacts of the sentiment index on individual stocks and 25 portfolios sorted by BM-size are examined. Main results found are as follows: 1) not only all three risk factors show positive impacts on the return of individual stock, but also the sentiment index has a positive impact. SI alone explains 15% of individual return variation. 2) among four independent variables, the most important factor turned out to be the market risk factor and investors' sentiment has better explanatory power on stock price than the size effect. 3) after controlling the market risk factor, the coefficient of the sentiment index for the smallest size and highest book/market value portfolios is significantly positive. 4) all the coefficients of the sentiment index for 25 portfolios sorted by BM-size have significant positive value after controlling size or (and) value.

Development of Deduct Value Curves for the Pavement Condition Index of Asphalt Airfield Pavement (아스팔트 공항포장의 PCI 산출을 위한 공제값 곡선 개발)

  • Lee, Kang-Jin;Seo, Young-Chan;Cho, Nam-Hyun;Park, Dae-Wook
    • International Journal of Highway Engineering
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    • v.15 no.3
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    • pp.37-44
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    • 2013
  • PURPOSES: This study is to develop the deduct value curves for the calculation of pavement condition index of asphalt airfield pavement. METHODS: To develop the deduct value curves of asphalt airfield pavement, panel rating was conducted to decide the pavement condition based on pavement distress type, severity, and density. RESULTS: Results show that standard deviation of deduct values by panel rating is increased at higher severity level and as damage density increases. The deduct value of alligator cracking show the highest. CONCLUSIONS: The deduct value curves based on panel rating could be used without existing problems which were occurred in Shahin's method.

Effect of Isocyanate Index on the Properties of Rigid Polyurethane Foams Blown by HFC 365mfc

  • Kim, Sung-Hee;Kim, Byung-Kyu;Lim, Ho
    • Macromolecular Research
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    • v.16 no.5
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    • pp.467-472
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    • 2008
  • Rigid polyurethane foams (RPUFs) were fabricated from crude MDI (CMDI) and polypropylene glycols (PPGs) of various isocyanate indices with a physical blowing agent (HFC 365mfc). There was a tendency for the gel time to decrease and the tack-free time to increase with increasing index value. With increasing index value the foam density and compression strength decreased and the glass transition temperature, dimension stability and thermal insulation increased, while the cell size and closed cell content were virtually unchanged. Allophanate crosslinks and condensation reactions between the isocyanate groups, which are favored with a high index value, exerted significant effects on the properties of RPUFs.