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The Pattern Analysis of Financial Distress for Non-audited Firms using Data Mining (데이터마이닝 기법을 활용한 비외감기업의 부실화 유형 분석)

  • Lee, Su Hyun;Park, Jung Min;Lee, Hyoung Yong
    • Journal of Intelligence and Information Systems
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    • v.21 no.4
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    • pp.111-131
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    • 2015
  • There are only a handful number of research conducted on pattern analysis of corporate distress as compared with research for bankruptcy prediction. The few that exists mainly focus on audited firms because financial data collection is easier for these firms. But in reality, corporate financial distress is a far more common and critical phenomenon for non-audited firms which are mainly comprised of small and medium sized firms. The purpose of this paper is to classify non-audited firms under distress according to their financial ratio using data mining; Self-Organizing Map (SOM). SOM is a type of artificial neural network that is trained using unsupervised learning to produce a lower dimensional discretized representation of the input space of the training samples, called a map. SOM is different from other artificial neural networks as it applies competitive learning as opposed to error-correction learning such as backpropagation with gradient descent, and in the sense that it uses a neighborhood function to preserve the topological properties of the input space. It is one of the popular and successful clustering algorithm. In this study, we classify types of financial distress firms, specially, non-audited firms. In the empirical test, we collect 10 financial ratios of 100 non-audited firms under distress in 2004 for the previous two years (2002 and 2003). Using these financial ratios and the SOM algorithm, five distinct patterns were distinguished. In pattern 1, financial distress was very serious in almost all financial ratios. 12% of the firms are included in these patterns. In pattern 2, financial distress was weak in almost financial ratios. 14% of the firms are included in pattern 2. In pattern 3, growth ratio was the worst among all patterns. It is speculated that the firms of this pattern may be under distress due to severe competition in their industries. Approximately 30% of the firms fell into this group. In pattern 4, the growth ratio was higher than any other pattern but the cash ratio and profitability ratio were not at the level of the growth ratio. It is concluded that the firms of this pattern were under distress in pursuit of expanding their business. About 25% of the firms were in this pattern. Last, pattern 5 encompassed very solvent firms. Perhaps firms of this pattern were distressed due to a bad short-term strategic decision or due to problems with the enterpriser of the firms. Approximately 18% of the firms were under this pattern. This study has the academic and empirical contribution. In the perspectives of the academic contribution, non-audited companies that tend to be easily bankrupt and have the unstructured or easily manipulated financial data are classified by the data mining technology (Self-Organizing Map) rather than big sized audited firms that have the well prepared and reliable financial data. In the perspectives of the empirical one, even though the financial data of the non-audited firms are conducted to analyze, it is useful for find out the first order symptom of financial distress, which makes us to forecast the prediction of bankruptcy of the firms and to manage the early warning and alert signal. These are the academic and empirical contribution of this study. The limitation of this research is to analyze only 100 corporates due to the difficulty of collecting the financial data of the non-audited firms, which make us to be hard to proceed to the analysis by the category or size difference. Also, non-financial qualitative data is crucial for the analysis of bankruptcy. Thus, the non-financial qualitative factor is taken into account for the next study. This study sheds some light on the non-audited small and medium sized firms' distress prediction in the future.

Reserch on Adverse Anthropomorphic Characters that Observed in Short Animation "The Employment" (단편 애니메이션 "The Employment 고용" 에서 관찰되는 역의인화 캐릭터에 관한 연구)

  • Lee, Se-Jung;Park, Young-Won
    • The Journal of the Korea Contents Association
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    • v.14 no.4
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    • pp.58-66
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    • 2014
  • It is one of the representation technique very common to be used, such as visual communication, a variety of cultural content, anthropomorphic, is dependent on the anthropomorphic approach most content for children in particular. In addition, personification can see a variety of cases in the field of culture and art of many other operations, including literature and poetry. By analyzing the case of reverse personification and anthropomorphic when transmitting content and image of the language that was meant, of anthropomorphic elements, which can be reverse action and an equal effect between those non-human and human it is possible to confirm that. Therefore, in this paper, we redefine the concept and elements of anthropomorphic, it defines the concept of anthropomorphic station on the basis of this, and were analyzed for the case. In addition, among the cases of good quality that communicate with anthropomorphic approach the station, the character analysis short animation of "The Employment employment", be used as academic materials of anthropomorphic approach the station of visual culture content areas of future possible.

Development of a Subsurface Exploration Analysis System Using a Clustering Technique on Bore-Hole Information (시추공 정보의 클러스터링 기법을 이용한 지반분석시스템의 개발)

  • 이규병;김유성;조우석;김영진
    • Spatial Information Research
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    • v.8 no.2
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    • pp.301-315
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    • 2000
  • Every, year, a great amount of site investigation data is collected on site to obtain sufficient conditions. Investigation of subsurface conditions is prerequisite to the design and construction of structures and also provides information on ground properties such as geologic formation and types of soil. This data set, which portrays real representation of ground conditions over the existing geologic and soil maps, could be further utilized for analyzing the subsurface conditions. It is therefore necessary to develope a subsurface exploration analysis system which is able to extract the valuable information from the heterogeneous, non-normalized subsurface investigation data. This paper presents the overall design scheme and implementation on a subsurface exploration analysis system. The analysis system employs one of data set such as bore-hole data. The clustering technique employed in the developed system makes a large volume of bore-hole data into several groups in terms of ground formation and geographical vicinity. As a result of clustering, each group or cluster consists of bore-hole data with similar characteristics of subsurface and geographical vicinity. In addition, each clustered data is displayed on digital topographical map with different color so that the analysis of site investigation data could be performed in more sensible ways.

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Construction of BIM based Building 3D Spatial Information Using Terrestrial LiDAR (지상 LiDAR를 이용한 BIM 기반 건물의 3D 공간정보 구축 연구)

  • Kim, Kyeong-Min;Lee, Kil-Jae;Cho, Gi-Sung
    • Journal of Cadastre & Land InformatiX
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    • v.46 no.1
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    • pp.23-35
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    • 2016
  • Recently, along with the development of IT, the non-linearity and enlargement in the response to the combination of the building industry and IT have made a wide variety in outer shapes of the buildings. So buildings need a more accurate representation using visually superior three-dimensional space information. Therefore, the study models the shapes of the other buildings in accordance with the heights. Frist of all, we measured the buildings using a Terrestrial LiDAR. Second, we obtained a high-density point cloud date of the buildings. Through this data, we made the BIM model and compared the heights of each floor's outer information layers. And then identified the BIM data status using IFC standards formats. From this data, it proposes a new 3D cadastre and the alternative for the establishment of spatial information.

Implementation of CORBA based Spatial Data Provider for Interoperability (상호운용을 지원하는 코바 기반 공간 데이터 제공자의 설계 및 구현)

  • Kim, Min-Seok;An, Kyoung-Hwan;Hong, Bong-Hee
    • Journal of Korea Spatial Information System Society
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    • v.1 no.2 s.2
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    • pp.33-46
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    • 1999
  • In distributed computing platforms like CORBA, wrappers are used to integrate heterogeneous systems or databases. A spatial data provider is one of the wrappers because it provides clients with uniform access interfaces to diverse data sources. The individual implementation of spatial data providers for each of different data sources is not efficient because of redundant coding of the wrapper modules. This paper presents a new architecture of the spatial data provider which consists of two layered objects : independent wrapper components and dependent wrapper components. Independent wrapper components would be reused for implementing a new data provider for a new data source, which dependent wrapper components should be newly coded for every data source. This paper furthermore discussed the issues of implementing the representation of query results in the middleware. There are two methods of keeping query results in the middleware. One is to keep query results as non-CORBA objects and the other is to transform query results into CORBA objects. The evaluation of the above two methods shows that the cost of making CORBA objects is very expensive.

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New Types of Masculinity Represented in TV and Its Limitations : Focusing on Weekend Variety Programs (TV매체에 재현된 새로운 남성성(masculinity)과 그 한계 -주말 예능프로그램을 중심으로-)

  • Kim, Mira
    • The Journal of the Korea Contents Association
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    • v.14 no.1
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    • pp.88-96
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    • 2014
  • This study attempts, based on the premise that gender roles and identity is a social construct, to show how TV portrayal of the male has changed through the years with changes in time and society, from the traditional depiction of hegemonic masculinity and ideal manhood as supported by the patriarchal system. A narrative analysis was conducted on popular variety shows "Dad, Where Are We Going?" and "Superman Returns". The results showed that both TV shows created a new type of masculinity by centering the narrative on the traditionally female roles of child rearing and housekeeping, and recreating the traditional strict and authoritative father figure into a non-authoritative and emotionally expressive father. However, as 'child rearing' and 'housekeeping' is expressed as 'play', there are limitations in that the actual daily lives and hardship of women is excluded from the narrative.

Simulation of nonstationary wind in one-spatial dimension with time-varying coherence by wavenumber-frequency spectrum and application to transmission line

  • Yang, Xiongjun;Lei, Ying;Liu, Lijun;Huang, Jinshan
    • Structural Engineering and Mechanics
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    • v.75 no.4
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    • pp.425-434
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    • 2020
  • Practical non-synoptic fluctuating wind often exhibits nonstationary features and should be modeled as nonstationary random processes. Generally, the coherence function of the fluctuating wind field has time-varying characteristics. Some studies have shown that there is a big difference between the fluctuating wind field of the coherent function model with and without time variability. Therefore, it is of significance to simulate nonstationary fluctuating wind field with time-varying coherent function. However, current studies on the numerical simulation of nonstationary fluctuating wind field with time-varying coherence are very limited, and the proposed approaches are usually based on the traditional spectral representation method with low simulation efficiency. Especially, for the simulation of multi-variable wind field of large span structures such as transmission tower-line, not only the simulation is inefficient but also the matrix decomposition may have singularity problem. In this paper, it is proposed to conduct the numerical simulation of nonstationary fluctuating wind field in one-spatial dimension with time-varying coherence based on the wavenumber-frequency spectrum. The simulated multivariable nonstationary wind field with time-varying coherence is transformed into one-dimensional nonstationary random waves in the simulated spatial domain, and the simulation by wavenumber frequency spectrum is derived. So, the proposed simulation method can avoid the complicated Cholesky decomposition. Then, the proper orthogonal decomposition is employed to decompose the time-space dependent evolutionary power spectral density and the Fourier transform of time-varying coherent function, simultaneously, so that the two-dimensional Fast Fourier transform can be applied to further improve the simulation efficiency. Finally, the proposed method is applied to simulate the longitudinal nonstationary fluctuating wind velocity field along the transmission line to illustrate its performances.

Designing Researcher Information Retrieval Interface based on Ontological Analysis (온톨로지 기반의 연구자정보 검색 인터페이스 설계)

  • Seo, Eun-Gyoung;Park, Mi-Hyang
    • Journal of the Korean Society for information Management
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    • v.26 no.2
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    • pp.173-194
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    • 2009
  • Recently, semantic search techniques which are based on information space as consisting of nonambiguous, non-redundant, formal pieces of ontological knowledge have been developed so that users do exploit large knowledge bases. The purpose of the study is to design more user-friendly and smarter retrieval interface based on ontological analysis, which can provide more precise information by reducing semantic ambiguity or more rich linked information based on well-defined relationships. Therefore, this study, first of all, focuses on ontological analysis on researcher information as selecting descriptive elements, defining classes and properties of descriptive elements, and identifying relationships between the properties and their restriction between relationships. Next, the study designs the prototypical retrieval interface based on ontology-based representation, which supports to semantic searching and browsing regarding researchers as a full-fledged domain. On the proposed retrieval interface, users can search various facts for researcher information such as research outputs or the personal information, or carrier history and browse the social connection of the researchers such as researcher group that is lecturing or researching on the same subject or involving in the same intellectual communication.

Design and Implementation of Science Experiment Models for Artificial Chemistry Laboratory (과학실험에서의 모델 설계 및 구현)

  • 변영태
    • Korean Journal of Cognitive Science
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    • v.10 no.1
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    • pp.57-66
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    • 1999
  • We believe that science experiments in a laboratory are essential for science education. Scientific experiments begin with situations set by selecting and locating tools and reagents. and by proper experimental behavior, and thereafter situations are changed by natural laws and intermediate experimental behavior. While scientists and students do experiments, they build a cognitive model internally, do causal reasoning on the model to derive system behavior, and then learn scientific truth. We suggest not only a representation method for a 2-dimentional model and for ontological entities necessary in causal reasoning, but also an inferencing method to derive behavior. Chemistry experiments are chosen for the implementation. For the ontological entities, we consider experimental tools, reagents and their heirarchical structures, physics and chemistry natural laws, and functional abstraction knowledge. In order to show the usefulness of our methods, we have developed a program, called ACUArtificial Chemistry Laboratory), which provides an experiment environment where students can do non-predetermined experiments, and shows experiment려 system behavior similar to what happens in the same situation in a real world and descriptions about why it happens.

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Dynamic Crowd Simulation by Emotion-based Behavioral Control of Individuals (개체의 감정기반 행동제어를 통한 동적 군중 시뮬레이션)

  • Ahn, Eun-Young;Kim, Jae-Won;Han, Sang-Hoon;Moon, Chan-Il
    • The Journal of the Korea Contents Association
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    • v.9 no.11
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    • pp.1-9
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    • 2009
  • In virtual environments, such as computer game and animation, we need to enhance naturalness of crowd simulation. So, we propose a method to generate dynamically moving crowd patterns by applying emotional factors to the individual characters of a crowd in the determination of their behavior. The proposed method mimics human behavior and controls each character in a group to decide its own path according to its individual status. And it is able to generate various moving patterns as a result of letting the individuals go to another group depending upon their conditions. In this paper, some temperament and feeling factors are defined and determination rules for calculating the emotional status are also proposed. Moreover we use a fuzzy theory for accurate representation of the ambiguous expressions such as feeling bad, feeling good and so on. Our experiments show that the suggested method can simulate virtual crowd in more natural and diverse ways.