• Title/Summary/Keyword: logit모형

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An Analysis on Consumer Preference for Attributes of Agricultural Box Scheme (농산물 꾸러미 속성별 소비자선호 분석)

  • Park, Jae-Dong;Kim, Tae-Kyun;Jang, Woo-Whan;Lim, Cheong-Ryong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.1
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    • pp.329-338
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    • 2019
  • In this study, we analyze consumer preferences based on the agricultural box scheme attributes, and make a suggestion for business revival. We estimate the marginal willingness to pay (MWTP) for box scheme attributes using a choice experiment. Attributes include the bundle method, the delivery method, and price. To select an efficient model for statistical analysis, we evaluate the conditional logit model, heteroscedastic extreme value model(HEV model), multinomial probit model, and mixed logit model under different assumptions. The results of these four models show that the bundle method, the delivery method, and price are statistically significant in explaining the probability of participation in a box scheme. The results of likelihood ratio tests show that the heteroscedastic extreme value model is the most appropriate for our survey data. The results also indicate that MWTP for a change from fixed type to selection type is KRW 7,096.6. MWTP for a change from parcel service to direct delivery and cold-chain delivery are KRW 3,497.5 and KRW 7,532.7, respectively. The results of this study may contribute to the government's local food policies.

A Transit Assignment Model using Genetic Algorithm (유전자 알고리즘을 이용한 대중교통 통행배정모형 개발)

  • 이신해;최인준;이승재;임강원
    • Journal of Korean Society of Transportation
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    • v.21 no.1
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    • pp.65-75
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    • 2003
  • In these days, public transportation has become important because of serious traffic congestion. But. there are few researches in public transportation compared with researches in auto. Accordingly, the purpose of paper is development of transit assignment model, which considers features of public transportation, time table, transfer capacity of vehicle, common line, etc. The transit assignment model developed in this paper is composed of two parts. One part is search for optimum path, the other part is network loading. A Genetic algorithm has been developed in order to search for alternative shortest path set. After the shortest paths have been obtained in the genetic algorithm, Logit-base stochastic loading model has been used to obtain the assigned volumes.

A Study on the Application of Disaggregate Logit Models from Choice-Based Freight Data (선택기반 화물데이타를 이용한 개별로짓모형의 적용에 관한 연구)

  • Nam K.C.
    • Journal of Korean Port Research
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    • v.7 no.1
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    • pp.25-42
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    • 1993
  • 지난 20여년간 화물수송 분야에는 큰 변화가 있었다. 수송 공급 측면에서는 보다 다양하고 기술적으로 앞선 수송수단들이 등장했으며, 수송 수요 측면에서는 로지스틱스 개념의 도입으로 화주들의 보다 높은 수송 서비스가 요구 되었다. 수송수단의 수송 분담에 있어서도 특히 철도에서 공로로의 두드러진 화물이동 현상이 나타났다. 이러한 변화는 수송 현안 해결에 대한 관심을 높이고 화물수송수요 예측기법의 이론적, 개념적인 발달을 가져왔다. 그 중 두드러진 발달은 화주의 행태를 반영하는 행태모형의 개발과 새로운 자료수집 방법 및 자료형태이다. 전통적으로 화물수송 및 교통 연구에 널리 사용된 행태모형은 확률표본을 사용하여 왔으나, 80년대 부터 비확률 표본 사용에 관심이 높아졌다. 그 대표적인 것으로 기반근거 데이터를 들 수 있다. 이 데이터는 제한된 정보를 제공한다는 자료자체의 한계를 지니고 있으나, 자료수집이 용이하고 비용이 저렴하다는 장점을 가지고 있다. 화물수송 분야에서 선택기반 데이터를 이용한 연구는 현재까지 두 편이 발표 되어 있다. 따라서 볼 연구는 선택기반 데이터를 이용한 개별선택모형의 잠재력을 검증하는 것을 그 목적으로 하고, 네 종류의 제조품 그룹을 대상으로 기반근거 데이터를 수집하여 로짓모형을 추정하였으며, 추정결과를 이전 연구들의 결과와 비교하여 그 타당성을 검토 하였다. 추정된 결과는 통계적으로 유의하며 직관적으로 타당한 것으로 나타난다. 또한 그 결과는 문헌의 결과와도 일치하였다. 수송계획에 있어서 자료수집비용 절감의 필요성을 생각할 때 이것은 중요한 의미를 지닌다.

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Corporate Default Prediction Model Using Deep Learning Time Series Algorithm, RNN and LSTM (딥러닝 시계열 알고리즘 적용한 기업부도예측모형 유용성 검증)

  • Cha, Sungjae;Kang, Jungseok
    • Journal of Intelligence and Information Systems
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    • v.24 no.4
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    • pp.1-32
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    • 2018
  • In addition to stakeholders including managers, employees, creditors, and investors of bankrupt companies, corporate defaults have a ripple effect on the local and national economy. Before the Asian financial crisis, the Korean government only analyzed SMEs and tried to improve the forecasting power of a default prediction model, rather than developing various corporate default models. As a result, even large corporations called 'chaebol enterprises' become bankrupt. Even after that, the analysis of past corporate defaults has been focused on specific variables, and when the government restructured immediately after the global financial crisis, they only focused on certain main variables such as 'debt ratio'. A multifaceted study of corporate default prediction models is essential to ensure diverse interests, to avoid situations like the 'Lehman Brothers Case' of the global financial crisis, to avoid total collapse in a single moment. The key variables used in corporate defaults vary over time. This is confirmed by Beaver (1967, 1968) and Altman's (1968) analysis that Deakins'(1972) study shows that the major factors affecting corporate failure have changed. In Grice's (2001) study, the importance of predictive variables was also found through Zmijewski's (1984) and Ohlson's (1980) models. However, the studies that have been carried out in the past use static models. Most of them do not consider the changes that occur in the course of time. Therefore, in order to construct consistent prediction models, it is necessary to compensate the time-dependent bias by means of a time series analysis algorithm reflecting dynamic change. Based on the global financial crisis, which has had a significant impact on Korea, this study is conducted using 10 years of annual corporate data from 2000 to 2009. Data are divided into training data, validation data, and test data respectively, and are divided into 7, 2, and 1 years respectively. In order to construct a consistent bankruptcy model in the flow of time change, we first train a time series deep learning algorithm model using the data before the financial crisis (2000~2006). The parameter tuning of the existing model and the deep learning time series algorithm is conducted with validation data including the financial crisis period (2007~2008). As a result, we construct a model that shows similar pattern to the results of the learning data and shows excellent prediction power. After that, each bankruptcy prediction model is restructured by integrating the learning data and validation data again (2000 ~ 2008), applying the optimal parameters as in the previous validation. Finally, each corporate default prediction model is evaluated and compared using test data (2009) based on the trained models over nine years. Then, the usefulness of the corporate default prediction model based on the deep learning time series algorithm is proved. In addition, by adding the Lasso regression analysis to the existing methods (multiple discriminant analysis, logit model) which select the variables, it is proved that the deep learning time series algorithm model based on the three bundles of variables is useful for robust corporate default prediction. The definition of bankruptcy used is the same as that of Lee (2015). Independent variables include financial information such as financial ratios used in previous studies. Multivariate discriminant analysis, logit model, and Lasso regression model are used to select the optimal variable group. The influence of the Multivariate discriminant analysis model proposed by Altman (1968), the Logit model proposed by Ohlson (1980), the non-time series machine learning algorithms, and the deep learning time series algorithms are compared. In the case of corporate data, there are limitations of 'nonlinear variables', 'multi-collinearity' of variables, and 'lack of data'. While the logit model is nonlinear, the Lasso regression model solves the multi-collinearity problem, and the deep learning time series algorithm using the variable data generation method complements the lack of data. Big Data Technology, a leading technology in the future, is moving from simple human analysis, to automated AI analysis, and finally towards future intertwined AI applications. Although the study of the corporate default prediction model using the time series algorithm is still in its early stages, deep learning algorithm is much faster than regression analysis at corporate default prediction modeling. Also, it is more effective on prediction power. Through the Fourth Industrial Revolution, the current government and other overseas governments are working hard to integrate the system in everyday life of their nation and society. Yet the field of deep learning time series research for the financial industry is still insufficient. This is an initial study on deep learning time series algorithm analysis of corporate defaults. Therefore it is hoped that it will be used as a comparative analysis data for non-specialists who start a study combining financial data and deep learning time series algorithm.

Empirical Study on the Mode Choice Behavior of Travelers by Express Bus and Express Train (특급(特急)과 고속(高速)버스 이용자(利用者)의 수단선정행태(手段選定行態)에 관한 경험적(經驗的) 연구(研究))

  • Kim, Kyung Whan
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.3 no.2
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    • pp.119-126
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    • 1983
  • The purposes of this study are to analyze/model the mode choice behavior of the regional traveler by express bus/express train and to offer useful source in deciding the public transportation policy. The data analyzed were trips of both modes from March, 1980 to November, 1981, between Seoul and other nineteen cities; the data were grouped as five groups according to the change of service variables. Service variables were travel time(unit: minute), cost(:won), average allocation time(:won), service hour(:hour), and dummy variables by mode. As model Logit Model with linear or log utility function were postulated. As the result of this study, some reseanable models were constructed at Model Type I(eq. 2. of this paper) based on the above data except the dummy. It was judged that the parameters calibrated by Group III and Group IV data in table 4, were optimal. Among the parameters, the parameter of travel cost was most reliable. There was a tendency preferring express bus to train in October and November. With the constructed model and Pivot-Point Method. the demand change of express train caused by the service variables' change could be forecasted over 99%.

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The Impacts of Education and Non-Labor Income on Employment Among the Elderly: An Estimation with a Panel Logit Model to Address the Problem of Endogenous Predictors (교육수준과 비근로소득이 고령자 취업에 미치는 영향: 내생성을 고려한 패널로짓 모형 추정)

  • Kim, Cheoljoo
    • 한국사회정책
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    • v.23 no.1
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    • pp.95-123
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    • 2016
  • As Korean society grows rapidly older, a systematic analysis of the determinants of labor supply behavior among the elderly becomes a prerequisite for designing more effective senior employment policies and income security regime for the elderly. Literatures review shows that a majority of previous researches have been ignoring the problem of "endogenous predictor" especially when it comes to the estimation of the effects of the two key variables, education and non-labor income, on labor supply decisions among older people. They have failed to take into consideration the unobserved heterogeneities which might affect both labor supply decisions of the elderly and their levels of education and non-labor income, which means, according to some econometric literatures, that the estimated coefficients of the two predictors can be inconsistent. The paper tries to redress the endogeneity problem by employing a panel logit model with data from the 1st. to 4th. wave of the KLoSA(Korean Longitudinal Survey of Ageing) to estimate the effects of key predictors on the probability of getting jobs among older people(ages of 60 or older). Both a random effects and a fixed effects model reaffirms that non-labor income has a negative effect on the chances of being employed. And a random effects model shows that the effect of education is also negative, as has frequently been reported by previous studies. That means the effects of education and non-labor income on elderly employment remain negative after the effect of unobserved heterogeneities is controled for and the problem of endogenous predictors is redressed through an appropriate panel data analysis. These findings mean, in turn, that when Korean baby-boomers, who had acquired an unprecedentedly higher level of education and were expected to enjoy ever-larger amount of non-labor income than their preceding generations, retires in near future, their incentives to work will become much weaker and the lack of labor-force and the burden of financing increased public pension expenditure will become more troublesome. The paper concludes with recommending some policy initiatives helpful to solve these expected problems.

Suppression for Logistic Regression Model (로지스틱 회귀모형에서의 SUPPRESSION)

  • Hong C. S.;Kim H. I.;Ham J. H.
    • The Korean Journal of Applied Statistics
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    • v.18 no.3
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    • pp.701-712
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    • 2005
  • The suppression for logistic regression models has been debated no longer than that for linear regression models since, among many other reasons, sum of squares for regression (SSR) or coefficient of determination ($R^2$) could be defined into various ways. Based on four kinds of $R^2$'s: two kinds are most preferred, and the other two are proposed by Liao & McGee (2003), four kinds of SSR's are derived so that the suppression for logistic models is explained. Many data fitted to logistic models are generated by Monte Carlo method. We explore when suppression happens, and compare with that for linear regression models.

Stated Preference Analysis of the Impacts of Bus Crowdedness Information on Bus Choice (선호의식 조사를 통한 버스 차내 혼잡도 정보제공이 버스선택에 미치는 영향 분석)

  • Lee, Back-Jin;Kim, Joon-Ki;Kim, Gyeong-Seok;Oh, Sung-Ho
    • Journal of Korean Society of Transportation
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    • v.26 no.6
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    • pp.61-70
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    • 2008
  • The study proposed a new type of bus information, Real-time Bus Crowdedness (RBC) information, to meet various demands of users and improve the convenience level of using public transportation, while existing bus information provided by bus information systems(BIS) were limited to bus operating information such as predicted bus arrival time. To analyze the impacts of providing the proposed RBC information, stated preference(SP) survey was performed and a methodology of disaggregate analysis (e.g., binary logit) was applied to develop passenger choice models. Additionally, passenger choice models incorporating the heterogeneity of different user groups(i.e., by age or trip purposes) were developed to evaluate the different responses on RBC information. The results showed that providing RBC information was significantly related to users' bus choices and the responses of user groups were significantly different, especially the age group of more then 60 was most affected by the RBC information on their bus choices. Also trip purposes were significantly related to users' bus choices, for instance the impacts of providing RBC information was bigger for non-business trips(leisure/meet friend/personal business, shopping, hospital) compared to business trip.

Validity of Gravity Models for Individual Choies (개인별 선택행위에서의 동력모형의 유효성)

  • 음성직
    • Journal of Korean Society of Transportation
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    • v.1 no.1
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    • pp.43-47
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    • 1983
  • Within the conventional transportation planning process, "trip distribution" has a significant role to play. The most widely applied trip distribution model is the gravity model, for which Wilson provided the theoretical basis in 1967. The concept of the gravity model, however, still remains ambiguous if we analyze the "trip distribution" with a disaggregate data set. Thus, this paper hypothesizes that the gravity technique is still valid even with the disaggregate data set, by proving that the estimated coefficients of the gravity model, which is derived under the principle of entropy maximization, are identical with those of the multinomial logit model, which is derived under the principle of individual utility maximization.tility maximization.

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An Empirical Study on System Evaluation and Recommendation Factors of Internet Banking (인터넷뱅킹 시스템 평가 및 추천 요인에 대한 실증 분석)

  • Kim, Min-Cheol;Noh, Kyoo-Sung;Kim, Hee-Cheol
    • Journal of Digital Convergence
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    • v.2 no.2
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    • pp.77-87
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    • 2004
  • The main purpose of this study is to establish the empirical model of internet banking system. The results of this study shows that the statistical significant lies in confidentially and response among many factors. And additionally another result for recommendation factor by legit analysis that there is the significant result. Thus in the present period, bank company will focus to rise up the reliance of the internet banking system.

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