• Title/Summary/Keyword: least-squares estimation

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Analysing Productivity in Vietnamese Seafood Processing Firms: A Control Function Approach

  • NGUYEN, Van;TRAN, Thuan Duc;MAI, Thanh Khac
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.411-417
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    • 2021
  • This study aims to estimate the production function and total factor productivity (TFP) of Vietnamese seafood processing firms. At the same time, the study analyses the impact of internal factors of firms and the quality of economic institutions on the TFP of the Vietnamese seafood processing industry. The study uses the Function Control (FC) approach in TFP estimation and the Feasible Generalized Least Squares (FGLS) regression model in the analysis of factors affecting TFP. The study was carried out on the census data of enterprises of the Vietnamese seafood processing industry collected by the Vietnamese General Statistics Office and Provincial Competitiveness Index data of Vietnam Chamber of Commerce and Industry in the period from 2013 to 2018. Estimated results from the models show that: i) Vietnamese seafood processing firms are, currently, mainly labor-intensive, the TFP contribution and output is only about 2.258. ii) Factors such as the firm's age, firm's size, and the firm's ownership affect TFP. In which, firms that have few numbers of years of operation, small and medium firms, and private firms have low TFP. iii) Institutional quality and the provincial business environment have a positive impact on the TFP of Vietnamese seafood processing firms in this period.

Variation of reliability-based seismic analysis of an electrical cabinet in different NPP location for Korean Peninsula

  • Nahar, Tahmina Tasnim;Rahman, Md Motiur;Kim, Dookie
    • Nuclear Engineering and Technology
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    • v.54 no.3
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    • pp.926-939
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    • 2022
  • The area of this study will cover the location-wise seismic response variation of an electrical cabinet in nuclear power point (NPP) based on classical reliability analysis. The location-based seismic ground motion (GM) selection is carried out with the help of probabilistic seismic hazard analysis using PSHRisktool, where the variation of reliability analysis can be understood from the relation between the reliability index and intensity measure. Two different approaches such as the first-order second moment method (FOSM) and Monte Carlo Simulation (MCS) are helped to evaluate and compare the reliability assessment of the cabinet. The cabinet is modeled with material uncertainty utilizing Steel01 as the material model and the fiber section modeling approach is considered to characterize the section's nonlinear reaction behavior. To verify the modal frequency, this study compares the FEM result with recorded data using Least-Squares Complex Exponential (LSCE) method from the impact hammer test. In spite of a few investigations, the main novelty of this study is to introduce the reader to check and compare the seismic reliability assessment variation in different seismic locations and for different earthquake levels. Alongside, the betterment can be found by comparing the result between two considered reliability estimation methods.

FDI Spillover Effects on the Productivity of the Indian Pharmaceutical Industry: Panel Data Evidence

  • DESAI, Guruprasad;SRINIVASAN, Palamalai;GOWDA, Anil B
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.109-121
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    • 2022
  • The study empirically examines the horizontal spillover effects of foreign direct investment (FDI) on the productivity of Indian pharmaceutical firms. Robust least squares and the Generalized Method of Moments estimators are applied for the firm-level panel data of Indian pharmaceutical companies whose shares were traded on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The information was collected from the Centre for Monitoring Indian Economy (CMIE) Prowess database from 2015 to 2019. Based on the regularity in data availability, the sample firms are limited to 112 companies, 100 of which are domestic firms and 12 international firms. Firms with more than 10 percent foreign equity are classified as FDI firms, while those with less than that are classified as domestic firms. Estimation results show that foreign ownership does not contribute to the productivity of domestic firms. Due to increased competition, the Indian pharmaceutical companies with foreign equity participation are not more productive than local ones. Moreover, the findings reveal a negative and insignificant horizontal spillover effect from FDI on the productivity of domestic enterprises. The absence of horizontal spillovers may be attributable to foreign enterprises' ability to prevent technological outflow to competitors in the same industry.

Born Global Strategies and the Corporate Performance of Korean Firms

  • Che-Yung Kang;Min-Ho Kim
    • Journal of Korea Trade
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    • v.27 no.1
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    • pp.159-175
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    • 2023
  • Purpose - This paper empirically investigates the relationship between born global strategy and the accounting- and market- based financial performance of Korean firms. Further, this study identifies the characteristics of born global firms (BGs) in comparison with non-BG counterparts in terms of size, R&D, and liability. Design/methodology - Using a database of listed Korean SMEs in the manufacturing sector from 2010 to 2020, this study applies panel generalized least squares (GLS) estimation and logistic regression techniques. Findings - This study finds that BG strategy is negatively related to the firm's accounting-based financial performance, while it is positively related to the market-based financial performance. This study also finds that BGs have higher sales volume and more total assets compared to their non-BG counterparts. In addition, Korean BGs spend more on R&D, and at the same time have higher liability. Originality/value - BGs, by definition, are firms that are actively penetrating foreign markets from the early stages of their establishment. Previous studies of Korean BGs have tried to identify the determinants of BGs' rapid internationalization and their superior performance. However, most of these studies have utilized either qualitative case- or survey-based analyses with relatively limited numbers of observations. From a different perspective, this study provides more objective evidence by investigating how the BG strategy affects the financial and market performance of firms, and by characterizing BGs in terms of financial data.

Grey algorithmic control and identification for dynamic coupling composite structures

  • ZY Chen;Ruei-yuan Wang;Yahui Meng;Timothy Chen
    • Steel and Composite Structures
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    • v.49 no.4
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    • pp.407-417
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    • 2023
  • After a disaster like the catastrophic earthquake, the government have to use rapid assessment of the condition (or damage) of bridges, buildings and other infrastructures is mandatory for rapid feedbacks, rescue and post-event management. Many domain schemes based on the measured vibration computations, including least squares estimation and neural fuzzy logic control, have been studied and found to be effective for online/offline monitoring of structural damage. Traditional strategies require all external stimulus data (input data) which have been measured available, but this may not be the generalized for all structures. In this article, a new method with unknown inputs (excitations) is provided to identify structural matrix such as stiffness, mass, damping and other nonlinear parts, unknown disturbances for example. An analytical solution is thus constructed and presented because the solution in the existing literature has not been available. The goals of this paper are towards access to adequate, safe and affordable housing and basic services, promotion of inclusive and sustainable urbanization and participation, implementation of sustainable and disaster-resilient buildings, sustainable human settlement planning and manage. Simulation results of linear and nonlinear structures show that the proposed method is able to identify structural parameters and their changes due to damage and unknown excitations. Therefore, the goal is believed to achieved in the near future by the ongoing development of AI and control theory.

Orbit Determination of GEO-KOMPSAT-2A Geostationary Satellite (천리안위성 2A호 지구정지궤도위성 궤도결정)

  • Yongrae Kim;Sang-Cherl Lee;Jeongrae Kim
    • Journal of Positioning, Navigation, and Timing
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    • v.13 no.2
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    • pp.199-206
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    • 2024
  • The GEO-KOMPSAT-2A (GK2A) satellite, which was launched in December 2018, carries weather observation payloads and uses the image navigation and registration system to calibrate the observation images. The calibration system requires accurate orbit prediction data and depends on the accuracy of the orbit determination accuracy. In order to find a possible way to improve the current orbit determination accuracy of the GK2A flight dynamic subsystem module, orbit determination software was developed to independently evaluate the orbit determination accuracy. A comprehensive satellite dynamic model is applied for a batch-type least squares filter. When determining the orbit, thrust firing during station-keeping maneuvers and wheel-off loading maneuvers is taken into account. One month of GK2A ranging data were processed to estimate the satellite position on a daily basis. The orbit determination error was evaluated by comparing estimates during overlapping estimation intervals.

Relationship Between Environmental Infra Operating Cost and Polluter Pay Principles (환경기초시설 운영비 보조와 오염원인자부담원칙)

  • Kang, Heechan;Kang, Sung Won;Kim, Minjoon
    • Environmental and Resource Economics Review
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    • v.24 no.1
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    • pp.165-187
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    • 2015
  • In this paper, we tested if the sewage subsidy from Korean Water Management Fund discourage sewage fee increase by Korean local governments, and consequently hinder water quality improvement. To examine this counter-incentive effect of Water manage Fund sewage subsidy, we estimated the effect of sewage subsidy on the ratio of sewage fee revenue to environmental treatment facilities' operation cost of local governments in 2009-12, using two-stage least square estimation. We found that the sewage subsidy has negative effect on the sewage fee revenue to sewage operation cost ratio. But, the statistical significance of this effect was sensitive to model specification. And the size was too small to conclude that the counter-incentive effect was economically significant.

Closed-form Localization of a coherently distributed single source with circular array (환형배열에서 닫힌 형식을 이용한 코히어런트 분산 단일음원의 위치 추정 기법)

  • Jung, Tae-Jin;Shin, Kee-Cheol;Park, Gyu-Tae;Cho, Sung-Il
    • The Journal of the Acoustical Society of Korea
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    • v.37 no.6
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    • pp.437-442
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    • 2018
  • In this paper, we propose a method for estimating the position of a source in a closed form when a single source has coherently distributed property against a circular array. When a sound source reaches a sensor through multipath environments, it is seen as a distributed source and can be represented by four variables: the nominal azimuth, nominal elevation, azimuth angular spread, elevation angular spread. Therefore, it requires a lot of computation by a search method such as DSPE (Distributed Source Parameter Estimator). In this paper, we propose a method of estimating the nominal azimuth and elevation angle in a closed form using correlation function and least squares method for fast position estimation. In particular, if the source is assumed as Gaussian distribution model, the standard deviation is also estimated in a closed form. In the simulation, the validity of the proposed method is confirmed by comparing with the DSPE.

Estimation of Vegetation for Chinese Cabbage Using Hyperspectral Imagery (초분광 영상을 이용한 배추의 생육 추정)

  • Kim, Won Jun;Kang, Ye Seong;Kim, Seong Heon;Kang, Jeong Gyun;Jun, Sae Rom;sarkar, Tapash Kumar;Ryu, Chan Seok
    • Proceedings of the Korean Society for Agricultural Machinery Conference
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    • 2017.04a
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    • pp.40-40
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    • 2017
  • 본 연구는 빛의 파장대가 넓어 보다 다양한 접근과 검출이 가능한 초분광 카메라 (VNIR spectral camera PS, SPECIN Filand)를 이용하여 정식시기가 다른 배추를 생육단계별로 영상을 취득한 후 배추 캐노피의 전 파장 (400~1000nm)으로 생육 추정모델을 개발하기 위해 수행하였다. 정식시기가 다른 배추를 생육단계별로 초분광 카메라로 영상을 취득한 후 취득된 영상 ($348{\times}1040$)을 ENVI (ver. 5.2, Exelis Visual Information Solutions, USA) 프로그램을 이용하여 식생지수 NDVI로 작물과 배경을 구분하였다. 배추 캐노피 영역에 전 파장을 산출한 후 반사판 영역의 전 파장을 이용하여 광 보정된 반사율을 산출하였다. 통계 프로그램인 R Project (ver.3.3.3, Development Core Team, Vienna, Austria)를 이용하여 배추의 반사율과 계측한 생육 정보를 PLSR (Partial least squares regression) 분석하여 정확도($R^2$) 및 정밀도 (RMSE [g,cm,count], RE [%])로 나타내었고 그 모델은 full-cross validation (FV) 하여 타당성을 검증하였다. 정식시기가 다른 배추의 모든 생육단계의 생육정보를 이용하여 PLSR (Partial least squares regression) 결과 엽장을 추정한 모델의 $R^2$는 84% 이상의 정확도와 RMSE 3.2cm 이하의 좋은 정밀도를 보였다. 엽폭을 추정한 모델의 $R^2$는 73% 이상의 정확도와 RMSE 3.5cm 이하의 정밀도를 보였고 엽수를 추정한 모델의 $R^2$는 93% 이상의 정확도와 RMSE 6.3Count 이하의 정밀도로 보여 캐노피의 전 파장을 이용해 생육을 추정하는 것이 가능하다고 판단되었으며 이 모델들의 타당성 검증에서도 좋은 정확도와 정밀도를 보였다. 그러나 배추의 중요한 생육인자 중 생체중을 추정한 모델의 $R^2$는 89% 이상으로 정확도가 높았으나 RMSE 571.1g 이하로 낮은 정밀도를 보여 생체중을 정확히 추정하기 어려웠다. 따라서 다른 통계분석방법으로 전 파장과 생육정보를 분석하거나 특정 밴드를 선택하여 산출한 식생지수를 이용한 추정 모델의 개발을 통하여 오차를 개선할 필요가 있다고 사료된다. 추후 반복 실험하여 분석한 추정 모델과 비교 분석하여 다양한 환경 및 생물 조건에 범용성을 가진 모델을 개발할 필요가 있다.

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The Influence of Open Innovation on Innovation Performance of SMEs : Estimation using the Three-step Least Squares method (개방형 혁신이 중소기업의 혁신성과에 미치는 영향 : 3단계 최소자승법을 이용한 추정)

  • Jeong, Myoung-Sun
    • Journal of Digital Convergence
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    • v.19 no.5
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    • pp.145-152
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    • 2021
  • In this study, we have examined the effect of open innovation of SMEs on innovation performance of firms. Most studies do not consider internal generation in relation to open innovation and innovation performance.We conducted empirical studies to overcome this problem. The research was carried out by collecting data collected from 512 SMEs and the 3SLS method was used to minimize the internal generation. As a result, open innovation investment and use of external ideas among SMEs' open innovation have positively influenced project success and technical performance. But, the introduction of technology and cooperation with the research organization did not affect the innovation performance, which is presumed to be due to the fact that the open innovation of SMEs is limited to relatively inexpensive activities. Therefore, in order to promote open innovation of SMEs, it is necessary to provide support for relatively high-cost activities and to improve the innovation performance of enterprises. In order to reduce the difficulties of open innovation activities, domestic universities and research institutes should support the construction of enterprise networks and actively support the utilization of technology to expand innovation performance.