• Asian-Australasian Journal of Animal Sciences
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• 제12권6호
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• pp.850-853
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• 1999

Angus postweaning daily gain (PWDG) was analyzed to investigate effects of the heterogeneous variance and the genotypes by sex interaction on prediction of EBVs with data sets of various environmental levels. A whole data (16,239 records) was divided into six data sets according to averages of the best linear unbiased estimator (BLUE) of herd environment. The results comparing prediction models showed that single-trait model is adequate for most of the data sets except for the data set of poor environment for both of the bulls and the heifers where the heterogeneity of variance and the genotypes by sex interaction exists. In the prediction with the data set of the low environment level, the bull's EBVs by single-trait models had high product moment correlations with male EBVs of the bulls by the multitrait model. Whereas the heifer's EBVs had moderate correlations with female EBVs by the multitrait model. This moderate correlation seems to be resulted by the heterogeneity of variance and low heritability of the heifer's PWDG. The prediction models with heterogeneity of variance had little effect on the prediction of EBVs for the data sets with moderate to high genetic correlations.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.555-569
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• 2020

This study examines the impact of corporate tax, a fiscal measure along with trade liberalization and research and development on total factor productivity for a panel of 153 industrial firms listed on the Pakistan Stock Exchange over the period 1997-2017. For empirical analysis, we employ the system generalized method of moment estimator. In the first step, we estimate industrial production function and the results reveal that raw material, industrial labour force and energy play vital role in enhancing industrial production. Whereas, industrial capital exerts negative impact on industrial output. We also measured total factor productivity using the production elasticities. In the second step, we examine the impact of corporate tax, trade liberalization and research and development on total factor productivity. The results indicate that higher level of corporate tax exerts negative impact on total factor productivity. The findings reveal that higher corporate taxation discourages industrial firms to undertake research and development thereby exerting adverse impact on total factor productivity of firms. The impact of trade liberalization proxied by average tariff is positive while customs duty and sales tax negatively impact firm-level total factor productivity. These findings provide useful insights for managers, investors and policy makers in Pakistan.

• 전력전자학회논문지
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• 제16권4호
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• pp.351-357
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• 2011

영구자석 동기발전기의 벡터제어를 위해서는 회전자 위치가 필요하며 엔코더와 같은 위치센서가 위치 검출 목적으로 일반적으로 사용되고 있다. 그러나 위치센서의 사용은 영구자석 동기전동기 제어시스템의 신뢰성을 저하시킨다. 본 논문에서는 영구자석 동기전동기 제어시스템을 위한 위치센서 고장 회피 제어 방법을 제안한다. 확장 유기전력에 기반한 센서리스 위치 추정 알고리즘을 센서를 이용하는 벡터 제어와 병렬로 수행함으로써 위치센서 고장발생 시점에서 센서리스 벡터제어로 신속히 재구성할 수 있도록 하였다. 실험을 통해 제안된 방식의 유용성을 보인다.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.497-504
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• 2021

This extended study aims to analyze empirically the influence of firm diversification on firm performance moderated by the stages of the firm life cycle, which consists of introduction, growth, maturity, and decline. The target population of this study is the firms listed on the Indonesian Stock Exchange. The sampling method uses purposive sampling in the multi-business firm in Indonesia; it includes as many as 127 firms over the period from 2011 to 2017, totaling 889 firm-year observations. The firm performance is measured using a return of equity while the level of firm diversification with the minimum number of two operating segments is proxied by the Herfindahl index. The analysis method used in this study is the estimator model of the Generalized Method of Moment (GMM). The main findings show that the firm life cycle at the stage of growth and maturity significantly strengthens the influence of firm diversification on firm performance. On the other hand, the stage of decline fails to moderate the relationship between firm diversification and firm performance. This study discusses the implications and contributions of the findings theoretically, and provide some policy justifications for potential investors before they invest their money in the capital market.

• The Journal of Asian Finance, Economics and Business
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• 제9권3호
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• pp.195-202
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• 2022

This study investigates whether institutional investors increase or decrease the volatility of stock returns in the Thai stock market. For the purpose we used the data from SETSMART, a database provided by the Stock Exchange of Thailand (SET). Our sample is a balanced panel data covering 3,160 firm-year observations from 316 nonfinancial firms listed on the SET from 2011 to 2020. We analyze the link between institutional holdings and the volatility of stock returns by the pooled Ordinary Least Squares (OLS) model, the fixed effects model, and the random-effects model. In particular, we regress the stock return volatility on institutional ownership while controlling for firm size, financial leverage, growth opportunities, and stock turnover and accounting for industry effects and year effects. Our results indicate institutional investors' positive and significant influence on the volatility of the stock returns. Additionally, we performed the dynamic Generalized Method of Moment (GMM) estimator to alleviate concerns of possible endogeneity. The result still shows a positive impact of institutional investors on the volatility in stock returns. Overall, the findings of this study suggest that an increase in the volatility of stock returns in the Thai stock market may stem from a higher proportion of equity held by the institutional investors.

• 제어로봇시스템학회논문지
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• 제20권7호
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• pp.767-773
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• 2014

The carrier-to-noise power ratio is a key parameter for determining the reliability of PVT (Position, Velocity, and Time) solutions which are obtained by a GNSS (Global Navigation Satellite System) receiver. It is also used for locking a tracking loop, deciding the re-acquisition process, and processing advanced navigation in the receiver subsystem. The representative carrier-to-noise power ratio estimation schemes are the narrowband-wideband power ratio method (NW), the MM (Moment Method), and Beaulieu's method (BL). The NW scheme is the most classical one for commercial GNSS receivers. It is often used as an authoritative benchmark for assessing carrier-to-noise power estimation schemes. The MM scheme is the least biased solution among them, and the BL scheme is a simpler scheme than the MM scheme. This paper focuses on the less biased estimation with low complexity when the residual phase noise remains, then proposes a novel carrier-to-noise power ratio estimation scheme with low complexity for GNSS receivers. The asymptotic bias of the proposed scheme is derived and compared with others, and the simulation results demonstrate that the complexity of the proposed scheme is lowest among them, while the estimation performance of the proposed scheme is similar to those of the BL and MM schemes in normal and high gained reception environments.

• 한국지반공학회지:지반
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• 제3권4호
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• pp.41-54
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• 1987

본 논문에서는 무한사면에서 강우에 따른 지하수위 변동을 합리적으로 추정할 수 있는 추계론적 수치해석모델이 개발되었다. 특히, 투수계수, 비산출율(Specific Yield) 등의 지하수흐름에 필요한 계수들과 지하암반층의 공간적 변화에 의하여 지하수위가 공간적으로 변하는 효과에 관해 중점적으로 연구하였으며, 이러한 계수들의 공간적 변화를 추정하기 위하여 Kriging 이론을 도입하였다. Kriging 이론은 몇개의 제한된 실측치로부터 실측을 하지 못한 각각의 수치해석 요소에 불편, 최소 분산을 갖는 값들을 추정할 수 있는 방법이다. 사면방향의 일차원 수치해석 모델, Kriging 이론, 1차근사해법을 조합하여 추계론적 1차원 수치해석 프로그램을 개발하였다. 또한 사면방향의 지하수위 변동뿐만 아니라, 횡방향의 변동도 조사하기 위하여 확정론적 2차원 모델도 개발하였다. 한 무한사면에 대하여 개발된 모델을 이용하여 예제해석을 한 결과 투수계수나 비산출율의 공간적 변화뿐만 아니라 지하암반층의 공간에 따른 요철도 지하수위의 공간적 변화에 큰 영향을 미침을 알게 되었다. 또한 지하수위는 사면방향으로 큰 변동을 보일뿐 아니라 횡방향으로의 변동 또한 무시할 수 없을 정도로 큼을 알 수 있었다. 개발된 모델의 결과들은 지하수위 변동에 의한 산사태 위 험도 분석시에 이용될 수 있다.