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Monetary Policy in a Two-Agent Economy with Debt-Constrained Households (가계부채 제약하의 통화정책: 2주체 거시모형(TANK)에서의 정량적 분석)

  • Jung, Yongseung;Song, SungJu
    • Economic Analysis
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    • v.25 no.2
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    • pp.1-53
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    • 2019
  • This paper examines monetary policy quantitatively in a two-agent and small-scale New-Keynesian economy with debt-constrained households that cannot smooth their consumption intertemporally and frictionlessly since highly indebted households are not allowed to borrow above a certain debt ceiling in incomplete financial markets without additional risk premiums due to information asymmetry between savers and borrowers. We find that, in the event of cost shocks, the asymmetric responses of borrowing households without, and saving households with, dividend incomes lead to different labor supplies and consumptions over heterogeneous households, and eventually to an extension of the monetary policy transmission channels. The income effect and low elasticity of the labor supply play key roles in such asymmetric responses over heterogeneous households. We also find that the social welfare in a flexible inflation targeting (FIT) monetary policy, in which both the inflation gap and the output gap are considered in an integrated manner when policy-making, is similar to that of the Ramsey optimal monetary policy (ROP), in which the shares of debt-constrained households, as well as all economic states, including both the inflation gap and output gap, are considered comprehensively for policy-making, and that it is greater than that of simple inflation targeting (SIT) monetary policy, in which only the inflation gap is considered mechanically for policy-making. Such social welfare implies that a FIT policy may still work even in an economy with a sizable number of debt-constrained households. Further, the responses of cost shocks to consumption and labor supply are dying out more slowly under FIT and ROP policies than under an SIT policy.

Development of an Reader Framework for Transparency in RFID Reader (RFID 리더 투명성 지원을 위한 리더 프레임워크 개발)

  • Baek, Sun-Jae;Moon, Mi-Kyeong
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.15 no.2
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    • pp.404-412
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    • 2011
  • More recently, variety RFID (Radio Frequency Identification) readers are produced by RFID equipment manufactures. Although a transmission standard instituted by EPCglobal is proposed for data transmission between the RFID readers and tags, other RFID reader protocols and the communication connection methods are be in use in other RFID companies. To replace or add the RFID readers of an RFID system, the developers should make changes to the core of the application and/or middleware. In this paper, we propose an RFID reader framework which can manage RFID readers without having to make changes the code of the application in environment with the growing number of heterogeneous RFID readers.This framework that sits on the layer between the RFID readers and the applications provides transparency to the RFID readers. Additionally, it can be used for monitoring the state and the property of all connected RFID, and for recording the RFID tag event logs and system logs. By using this framework, heterogeneous readers can be replaced and added without writing additional code in the applications. Consequently the readers can be easily managed and controlled by the RFID system administrator.

A study on the evaluation of fire safety according to the ventilation mode in a train fire at the subway platform (지하철 승강장에서 열차 화재시 제연모드에 따른 화재 안전성 평가 연구)

  • Ryu, Ji-Oh;Lee, Hu-Young
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.22 no.3
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    • pp.293-310
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    • 2020
  • The purpose of this study is to present the most effective smoke exhaust mode by comparing the quantitatively evaluated risks according to the smoke exhaust mode when a train fire occurs in a subway platform. Therefore, applying the typical subway platform as a model, train fire scenarios are developed with the evacuation start time and location of the fire train for each exhaust mode. The fire accident rates (F) are calculated and the number of fatalities (N) was quantitatively estimated by fire analysis and evacuation analysis for each scenario. In addition, the F/N curve compared with the social risk assessment criteria and the following conclusions were obtained. In the event of a train fire at the subway station platform, the evacuation must start up within 600 s in maximum to ensure the evacuees' safety. To secure evacuation safety, it is advantageous to operate the HVAC system of the platform in the air-supply mode at station without TVF. Comparing the F/N curve for each exhaust mode with the social risk criteria, it turned out that the risk significantly exceeds the social risk criteria in case of no mechanical ventilation. As a result, this paper shows that the ventilation mode in which TVF are exhausted and HVAC system is operated in the pressurized mode are the most effective smoke exhaust mode for ensuring evacuation safety.

Matching prediction on Korean professional volleyball league (한국 프로배구 연맹의 경기 예측 및 영향요인 분석)

  • Heesook Kim;Nakyung Lee;Jiyoon Lee;Jongwoo Song
    • The Korean Journal of Applied Statistics
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    • v.37 no.3
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    • pp.323-338
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    • 2024
  • This study analyzes the Korean professional volleyball league and predict match outcomes using popular machine learning classification methods. Match data from the 2012/2013 to 2022/2023 seasons for both male and female leagues were collected, including match details. Two different data structures were applied to the models: Separating matches results into two teams and performance differentials between the home and away teams. These two data structures were applied to construct a total of four predictive models, encompassing both male and female leagues. As specific variable values used in the models are unavailable before the end of matches, the results of the most recent 3 to 4 matches, up until just before today's match, were preprocessed and utilized as variables. Logistc Regrssion, Decision Tree, Bagging, Random Forest, Xgboost, Adaboost, and Light GBM, were employed for classification, and the model employing Random Forest showed the highest predictive performance. The results indicated that while significant variables varied by gender and data structure, set success rate, blocking points scored, and the number of faults were consistently crucial. Notably, our win-loss prediction model's distinctiveness lies in its ability to provide pre-match forecasts rather than post-event predictions.

Advanced Victim Cache with Processor Reuse Information (프로세서의 재사용 정보를 이용하는 개선된 고성능 희생 캐쉬)

  • Kwak Jong Wook;Lee Hyunbae;Jhang Seong Tae;Jhon Chu Shik
    • Journal of KIISE:Computer Systems and Theory
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    • v.31 no.12
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    • pp.704-715
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    • 2004
  • Recently, a single or multi processor system uses the hierarchical memory structure to reduce the time gap between processor clock rate and memory access time. A cache memory system includes especially two or three levels of caches to reduce this time gap. Moreover, one of the most important things In the hierarchical memory system is the hit rate in level 1 cache, because level 1 cache interfaces directly with the processor. Therefore, the high hit rate in level 1 cache is critical for system performance. A victim cache, another high level cache, is also important to assist level 1 cache by reducing the conflict miss in high level cache. In this paper, we propose the advanced high level cache management scheme based on the processor reuse information. This technique is a kind of cache replacement policy which uses the frequency of processor's memory accesses and makes the higher frequency address of the cache location reside longer in cache than the lower one. With this scheme, we simulate our policy using Augmint, the event-driven simulator, and analyze the simulation results. The simulation results show that the modified processor reuse information scheme(LIVMR) outperforms the level 1 with the simple victim cache(LIV), 6.7% in maximum and 0.5% in average, and performance benefits become larger as the number of processors increases.

A Study on the Relationships between Super Bowl Ad Meter and Advertising Appeals in Cultural Dimensions (슈퍼볼 애드미터와 광고 어필사이의 문화측면에서 연관성 연구)

  • Kim, Chinsol;Lee, Yuncheol
    • International Area Studies Review
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    • v.20 no.1
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    • pp.183-208
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    • 2016
  • The objective of the study was to find out whether the Super Bowl adverts with high Ad Meter scores had more advertising appeals related to U.S. culture in Hofstede's dimensions. The significance of the study lies in the analysis on U.S. consumer preferences on adverts in terms of culture under one of the most representative American sport event: Super Bowl. The study was based on a content analysis of top and bottom 10 Super Bowl adverts during a period of consecutive seven years 2005 through 2011. The top and bottom ten were grouped based on the Ad Meter scores by the USA Today. The number of adverts interpreted by two coders along with the author was 139. The coding results implies that adverts in the top 10 group carried more appeals connected to US culture in Hofstede dimensions, such as youth, untamed, and magic in uncertainty avoidance dimension. Meanwhile, such appeals as ornamental, vain, and status in high power distance dimension were mainly found in the bottom 10 adverts group. Grounded on the findings from the content analysis, links between the score levels and the presence of certain appeals may offer marketers a hint on what appeals they emphasize when producing adverts in a certain cultural bound, let alone Super Bowl adverts targeting TV viewers in the U. S. A.

A Study for Monitoring Soil Liquefaction Occurred by Earthquakes Using Soil Moisture Indices Derived from the Multi-temporal Landsat Satellite Imagery Acquired in Pohang, South Korea (다중시기 Landsat 위성영상으로부터 산출한 토양 수분 지수를 활용하여 지진 발생으로 인한 토양 액상화 모니터링에 관한 연구: 포항시를 사례로)

  • PARK, Insun;KIM, Kyoung-Seop;HAN, Byeong Cheol;CHOUNG, Yun-Jae;GU, Bon Yup;HAN, Jin Tae;KIM, Jongkwan
    • Journal of the Korean Association of Geographic Information Studies
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    • v.24 no.1
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    • pp.126-137
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    • 2021
  • Recently, the number of damages on social infrastructure has increased due to natural disasters and the frequency of earthquake events that are higher than magnitude 3 has increased in South Korea. Liquefaction was found near the epicenter of a 5.4 magnitude earthquake that occurred in Pohang, South Korea, in 2017. To explore increases in soil moisture index due to soil liquefaction, changes in the remote exploration index by the land cover before and post-earthquake occurrence were analyzed using liquefaction feasibility index and multi-cyclical Landsat-8 satellite images. We found that the soil moisture index(SMI) in the liquefaction region immediately after the earthquake event increased significantly using the Normal Vegetation Index(NDVI) and Surface Temperature(LST).

The Algorithm for an Energy-efficient Particle Sensor Applied LEACH Routing Protocol in Wireless Sensor Networks (무선센서네트워크에서 LEACH 라우팅 프로토콜을 적용한 파티클 센서의 에너지 효율적인 알고리즘)

  • Hong, Sung-Hwa;Kim, Hoon-Ki
    • Journal of the Korea Society for Simulation
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    • v.18 no.3
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    • pp.13-21
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    • 2009
  • The sensor nodes that form a wireless sensor network must perform both routing and sensing roles, since each sensor node always has a regular energy drain. The majority of sensors being used in wireless sensor networks are either unmanned or operated in environments that make them difficult for humans to approach. Furthermore, since many wireless sensor networks contain large numbers of sensors, thus requiring the sensor nodes to be small in size and cheap in price, the amount of power that can be supplied to the nodes and their data processing capacity are both limited. In this paper, we proposes the WSN(Wireless Sensor Network) algorithm which is applied sensor node that has low power consumption and efficiency measurement. Moreover, the efficiency routing protocol is proposed in this paper. The proposed algorithm reduces power consumption of sensor node data communication. It has not researched in LEACH(Low-Energy Adaptive Clustering Hierarchy) routing protocol. As controlling the active/sleep mode based on the measured data by sensor node, the energy consumption is able to be managed. In the event, the data is transferred to the local cluster head already set. The other side, this algorithm send the data as dependent on the information such as initial and present energy, and the number of rounds that are transformed into cluster header and then transferred. In this situation, the assignment of each node to cluster head evenly is very important. We selected cluster head efficiently and uniformly distributed the energy to each cluster node through the proposed algorithm. Consequently, this caused the extension of the WSN life time.

Developing algorithms for providing evacuation and detour route guidance under emergency conditions (재난.재해 시 대피 및 우회차량 경로 제공 알고리즘 개발)

  • Yang, Choong-Heon;Son, Young-Tae;Yang, In-Chul;Kim, Hyun-Myoung
    • International Journal of Highway Engineering
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    • v.11 no.3
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    • pp.129-139
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    • 2009
  • The transportation network is a critical infrastructure in the event of natural and human caused disasters such as rainfall, snowfall, and terror and so on. Particularly, the transportation network in an urban area where a large number of population live is subject to be negatively affected from such events. Therefore, efficient traffic operation plans are required to assist rapid evacuation and effective detour of vehicles on the network as soon as possible. Recently, ubiquitous communication and sensor network technology is very useful to improve data collection and connection related emergency information. In this study, we develop a specific algorithm to provide evacuation route and detour information only for vehicles under emergency situations. Our algorithm is based on shortest path search technique and dynamic traffic assignment. We perform the case study to evaluate model performance applying hypothetical scenarios involved terror. Results show that the model successfully describe effective path for each vehicle under emergency situation.

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Influence of COVID-19 on Public Transportation Mode Change and Countermeasures (COVID-19에 따른 대중교통수단 변화에 미치는 영향 분석 및 대책에 관한 연구)

  • Kim, Su Min;Jung, Hun Young
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.42 no.3
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    • pp.379-389
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    • 2022
  • The number of public transportation users has dropped drastically due to COVID-19. In this work, my survey was conducted to uncover the factors that influence citizens' travel patterns. Data were collected and logistic regression analysis on the shifts in transportation was undertaken. Additionally, an importance-performance analysis was carried out to investigate how to effectively operate public transportation systems and improve facilities. The main research findings were as follows: First, the more individuals were concerned about COVID-19 (+) and being infected when using public transportation (+), the greater the tendency to switch to private transportation modes. Secondly, when it came to personal traits, respondents who could drive a car (+) or owned a car (+)or did more online shopping (+) or used public transportation for trips (+) tended to switch over, compared with respondents who could not drive or did not own a caror used public transportation to commute. In addition, respondents who were vaccinated (-) or had more household members tended not to switch transportation modes, compared with those who were not vaccinated or had fewer household members. Third, it is important to continue the following efforts to safeguardhygiene linked to public transportation: wearing masks, disinfecting hands, controlling diseases, and general cleaning. The conclusion was that it is important to put traffic congestion and ventilation issues first, especially in regards public transportation, which was not rated as satisfactory enough compared to its importance. The research findings can provide useful basic data when establishing countermeasures to the current COVID-19 circumstances in the areas of public transportation operation and management and in the event of an infectious disease outbreak in the future.