• Title/Summary/Keyword: index value

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The Analysis of Tail Dependence Between stock Markets Using Extreme Value Theory and Copula Function (극단치 분포와 Copula함수를 이용한 주식시장간 극단적 의존관계 분석)

  • Kim, Yong Hyun;Bae, Suk Joo
    • Journal of Korean Institute of Industrial Engineers
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    • v.33 no.4
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    • pp.410-418
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    • 2007
  • This article suggests the methods to investigate adverse movement across global stock markets arising from insolvency of subprime mortgage in U.S. Our application deals with asymptotic tail dependence of daily stock index returns (KOSPI, DJIA, Shanghai Composite) of three countries; Korea, U.S., and China, over specific period via extreme value theory and copula functions. Daily stock index returns among three countries show higher extremal dependence during the period exposed to systematic shock. We confirm that extreme value theory and copula functions have potential to well describe the extreme dependence between three countries' daily stock index returns.

Stochastic value index for seismic risk management of existing lifelines

  • Koike, Takeshi;Imai, Toshio
    • Structural Engineering and Mechanics
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    • v.32 no.1
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    • pp.147-165
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    • 2009
  • This study proposes a certain measure or investment strategy for decision making associated with seismic retrofitting. This strategy reduces the risk of a large-scale malfunction such as water supply loss under seismic risks. The authors developed a stochastic value index that will be used in the overall evaluation of social benefit, income gain, life cycle costs and failure compensation associated with existing lifeline systems damaged by an earthquake during the remaining service period. Optimal seismic disaster prevention investment of deteriorated lifeline systems is discussed. Finally, the present study provides a performance-based design method for seismic retrofitting strategies of existing lifelines which are carried out using the target probabilities of value loss and structural failure.

A Value Based Service Design Using Kano's Model and QFD (Kano 모델과 QFD를 활용한 가치요소 중심의 서비스 디자인 개선방안)

  • Bae, Yong-Sup;Yu, Yung-Mok
    • Journal of the Korean Operations Research and Management Science Society
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    • v.36 no.4
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    • pp.109-123
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    • 2011
  • This study proposes a value based service design (VBSD) approach using Kano's model and QFD. Key quality factors and key cost factors are identified, evaluated and then incorporated to produce customer value index (CVI) and provider value index (PVI) which are together used to determine the four value strategy zones. Each value strategy zone suggests its own appropriate service development strategy based on its corresponding CVI and PVI characteristics such as maintaining current service, reducing costs, raising quality or eliminating/creating services. A camping car service design case is applied to this study, which shows the practical contribution of this VBSD approach.

A comparative study on the business value assessment of local government open data assets in China based on AHP technique (AHP기법을 활용한 중국 지방정부 공공데이터 자산의 상업적 가치평가 대한 비교연구)

  • Jiaming Yin;Jae-Yeon Sim
    • Industry Promotion Research
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    • v.8 no.3
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    • pp.201-210
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    • 2023
  • This study is based on data ecology theory and takes Chinese local governments' open public data as the research object. Data asset value assessment methods are compared from a new perspective of data business operations. The results show that the assessment model constructed using the hierarchical analysis method (AHP) can more objectively reflect the commercial value of government open data assets than the traditional cost, revenue and market methods, has the advantage of a comprehensive assessment of data value index, and better reflects the findings of a comprehensive index of regional data value. The data show that the local government data value assessment index is positively proportional to the region's digital economy development index, highlighting the driving effect on the digital economy. The results of the study provide a good help for the identification of local government data value rights. The research and practice of promoting the construction of data innovation and data business operation models, improving social well-being and promoting the rapid development of the digital economy to achieve data realisation provides a good reference.

Evaluation of Domestic CCPs(Coal Combustion Products) Quality by API Test Method (API시험법에 의한 국내 석탄회의 품질 평가)

  • Yoo, Sung-Won;Yu, Kyung-Geun;Cho, Young-Keun
    • Journal of the Korean Recycled Construction Resources Institute
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    • v.1 no.1
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    • pp.49-57
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    • 2013
  • Recently, recycling of industrial by-products and CO2 reduction have been important issues in the world. In this reason, applications and reuse of Fly ash as a binder for concrete, which is generated in thermoelectric power plant, have been one of the effective recycle methods. In order for Fly ash to be applied to concrete, Korean Standard(KS) has selected and managed quality such as $SiO_2$, fineness, specific gravity, ignition loss and activity index. However, there is a limits for activity index, whose test period required is at least 28 days or 91 days. Activity index is the critical indication standard to determine mechanical strength of concrete that contained Fly ash. To complement the disadvantage of test method, this research provided "API test method", which quickly measure Pozzolanic reaction of Fly ash can be considered as a alternative of activity index. Then, the adaptable API test method need to be investigated through comparative analysis with the test result of API, activity index and K-value. The test method can make evaluation of Fly ash quality faster and more accurate. As a result, most Fly ash produced in Korea has not been satisfied in the KS quality standard except water content and specific gravity, and especially fluidized bed boiler ash has its characteristics. Also, API, activity index and K-value have superior interrelationship. The interrelationship between API and activity index and K-value gets increased as the material age gets higher, so API test can be considered as very useful test method for Pozzolanic reaction evaluation of Fly ash.

Triglyceride and Glucose (TyG) Index is a Clinical Surrogate Marker for the Diagnosis of Metabolic Syndrome

  • Shin, Kyung-A
    • Biomedical Science Letters
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    • v.23 no.4
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    • pp.348-354
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    • 2017
  • TyG (triglyceride and glucose) index using triglyceride and fasting blood glucose is recommended as a useful marker for insulin resistance. The present study evaluated the usefulness of TyG index in diagnosing metabolic syndrome and suggested an optimal cut-off value. The subjects of this study were adult 4,415 adults aged 20 to 80 years who underwent health screening at J General Hospital from January 2016 to January 2017. Metabolic syndrome was based on AHA/NHLBI (American Heart Association/National Heart, Lung, and Blood Institute) criteria. TyG index correlated with metabolic syndrome risk factors including HOMA-IR. Compared with the participants in the lowest quartile of TyG index, odds ratios and 95% confidence intervals for metabolic syndrome were 8.5 (3.005~23.903), 20.0 (17.190~23.407) for those in the third, and the fourth quartile of TyG index. The optimal cut-off value of the metabolic syndrome was 8.81 for TyG index (sensitivity 86.7%, specificity 80.1%) and area under the ROC curve (AUC) was 0.894. In conclusion, TyG index is effective to identify individuals at risk for metabolic syndrome.

Shelf Life Prediction of Seasoned Anchovies packaged with PET/EVOH Film (포장(PET/EVOH Film) 멸치조미가공품의 유통기한 예측)

  • Lee, Eui-Seok;Lee, Hyong-Ju;Bae, Jae-Seok;Kim, Yong-Kuk;Lee, Jong-Hyeouk;Hong, Soon-Taek
    • Journal of the East Asian Society of Dietary Life
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    • v.23 no.6
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    • pp.827-832
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    • 2013
  • An attempt is made to predict the shelf life of seasoned anchovies packaged with laminated film, composed of polyethylene terephthalate (PET) and ethylene vinyl alcohol (EVOH). First, a descriptive sensory analysis is carried out to determine the principal sensory quality index in seasoned anchovies. Then, the physicochemical quality index with high correlation to the principal sensory quality index is determined accordingly. Subsequently, with the physicochemical quality index, the shelf-life is estimated by using the Arrhenius equation. As for the sensory quality index, 'color' is determined as a principal sensory quality index. For all samples stored at 3 different temperatures (25, 35, $45^{\circ}C$), it is observed that the sensory score is shown to be over 2.5 until 60 days of storage period, which is the lowest acceptable level. In addition, the b-value, as a physicochemical quality index, is determined to have a high correlation to the sensory quality index. Further, the activation energy and the Q10 value for the b-value by the Arrhenius equation is found to be 11.24 kcal/mol, 1.385~2.011, respectively. Thus, it can be concluded that the shelf life of seasoned anchovies packaged with PET/EVOH film is estimated to be 279.44 days when stored at $20^{\circ}C$.

The Application of Fuzzy Delphi Method in Forecasting of the price index of stocks (주가지수의 예측에 있어 Fuzzy Delphi 방법의 적용)

  • 김태호;강경식;김창은;박윤선;현광남
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.15 no.26
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    • pp.111-117
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    • 1992
  • In the stock marketing. investor needs speedy and accurate decision making for the investment. A stock exchange index provides the important index of the early of 1993 in Korea using Fuzzy Delphi Method(F. D. M) which is widely used to a mid and long range forecasting in decision making problem. In the Fuzzy Delphi method, considerably qualified experts an first requested to give their opinion seperately and without intercommunication. The forecasting data of experts consist of Triangular Fuzzy Number (T.F.N) which represents the pessimistic, moderate, and optimistic forecast of a stock exchange index. A statistical analysis and dissemblance index are then made of these subject data. These new information are then transmitted to the experts once again, and the process of reestimation is continued until the process converges to a reasonable stable forecast of stock exchange index. The goal of this research is to forecast the stock exchange index using F.D.M. in which subjective data of experts are transformed into quasi -objective data index by some statistical analysis and fuzzy operations. (a) A long range forecasting problem must be considered as an uncertain but not random problem. The direct use of fuzzy numbers and fuzzy methods seems to be more compatible and well suited. (b) The experts use their individual competency and subjectivity and this is the very reason why we propose the use of fuzzy concepts. (c) If you ask an expert the following question: Consider the forecasting of the price index of stocks in the near future. This experts wi11 certainly be more comfortable giving an answer to this question using three types of values: the maximum value, the proper value, and the minimum value rather than an answer in terms of the probability.

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EXISTENCE OF n POSITIVE SOLUTIONS TO SECOND-ORDER MULTI-POINT BOUNDARY VALUE PROBLEM AT RESONANCE

  • Wang, Feng;Zhang, Fang
    • Bulletin of the Korean Mathematical Society
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    • v.49 no.4
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    • pp.815-827
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    • 2012
  • The existence of $n$ positive solutions is established for second order multi-point boundary value problem at resonance where $n$ is an arbitrary natural number. The proof is based on a theory of fixed point index for A-proper semilinear operators defined on cones due to Cremins.

MULTIPLE POSITIVE SOLUTIONS OF PERIODIC BOUNDARY VALUE PROBLEMS WITH IMPULSE

  • Song, Xiaohua;Zhao, Zengqin;Wang, Xin
    • Journal of applied mathematics & informatics
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    • v.27 no.3_4
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    • pp.875-883
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    • 2009
  • At least two positive solutions of a first-order periodic boundary value problem with impulse are obtained by establishing a new cone and the theorem of fixed point index. And at the end of this paper we give an example to illustrate the application of our main results.

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