• Title/Summary/Keyword: reporting error

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The Empirical Study of Relationship between Product Market Competition Structure and Overvaluation

  • CHA, Sang-Kwon;PARK, Mi-Hee
    • Journal of Distribution Science
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    • v.18 no.2
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    • pp.99-108
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    • 2020
  • Purpose: This paper investigated the relationship between market competition and firm valuation error. Furthermore, Additional analyses were made according to the quality of financial reports and the listed market. Through the process we confirm to the impact of competition on the capital market. The purpose of this study is to analyze the impact of competition on valuation errors. The preceding studies did not provide a consistent results of the effects of competing functions on the capital market. One view is that the competition could mitigate the information asymmetry, and the other is that monopolistic lessens the manager's involvement in financial reporting. This study is intended to expand the prior study by analyzing the impact of competition on the capital market and on the valuation of investors. Research design, data, and methodology: The analysis was conducted on 12,031 samples over 11 years from 2008 to 2018 using data from market in Korea. Here the valuation error was measured by the research methodology of Rhodes-Kropf, Robinson and Viswanathan (2005), and competition measured by Herfindahl-Hirschman Index multiplied by (-1), and Concentration Ratio by (-1). Results: We confirm that the positive relationship between competition and the valuation error. In addition, we also found that the positive relation between competition and valuation error was in cases of low discretionary accruals and the KOSDAQ market. This means that the net function of competition does not mitigate valuation errors. Conclusions. This study has the following contributions when compared to prior research. First, the relevance between the level of competition and the valuation of the entity was confirmed. The study by Haw, Hu and Lee (2015) suggested that monopolistic industry of analysts' forecast is more accurate due to lower the variability in earnings. This study magnified it to confirm that monopolistic lessen information uncertainty in valuation. Second, the study on valuation errors was expanded. While the study on the effect of valuation errors on the capital market is generally relatively active, it is different that competition degree has analyzed the effect on valuation errors amid the lack of research on the effect on valuation errors.

Implant prosthesis using intraoral scanner: Case Report (구강스캐너를 이용한 임플란트 보철물 제작 증례)

  • Kang, Byeong-Gil;Kim, Hee-Jung;Chung, Chae-Heon
    • The Journal of Korean Academy of Prosthodontics
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    • v.53 no.3
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    • pp.256-261
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    • 2015
  • Accuracy is the most important thing in implant prosthesis, for this reason it is essential procedure to check the accuracy of impression taking. However, impression material has its own error and the error occurs in model-making procedure. As an alternative way to this, using intraoral scanner can be suggested and many studies were issued reporting that there's no statistically significant difference in accuracy between intraoral scanner and conventional impression. Therefore, the purpose of this study is to report the process of making of implant prosthesis using intraoral scanner, which is more convenient, fast, accurate compared with conventional method.

The Influence of Rear-seat Occupants on Front-seat Occupant Fatalities

  • Park, Seong-Il
    • Journal of Korean Institute of Industrial Engineers
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    • v.18 no.1
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    • pp.25-36
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    • 1992
  • A possible adverse effect on the likelihood of front-seat occupant fatalities from unbelted rear-seat occupants in frontal crashes is investigated using Fatal Accident Reporting System data. Passenger cars which sustained frontal damage and which did not roll over are included in this analysis. Of the frontally damaged cars, only cars containing a driver and a right-front passenger are selected. Then, from these cars, the following three cases are considered: a) left-rear occupant present, b) right-rear occupant present, and c) no one else in the car. Cars belonging to a) or b) contain only three occupants, and those belonging to the last case contain only two occupants. In addition, all occupants are unbelted. To estimate the influence of rear-seat occupants on front-seat occupant fatalities, relative risks of driver and right-front passenger fatalities are compared pairwise across these three cases. The adverse influence of unbelted rear-seat occupants on the likelihood of unbelted front-seat occupant fatalities in frontal crashes is estimated to be 7.9% ${\pm}$ 45%(the error limits indicate one standard error). In other words, front-seat occupant fatalities are increased 7.9% in frontal crashes due to the loadings from unbelted rear-seat occupants. This suggests that the usage of safety belts by rear-seat occupants not only may extend their own lives but also helps in reducing the fatalities of front-seat occupants seated in front of them.

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Ensuring Patient Safety in Pediatric Dental Care

  • Daewoo Lee
    • Journal of the korean academy of Pediatric Dentistry
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    • v.51 no.2
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    • pp.109-131
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    • 2024
  • This review aims to examine safety concerns in pediatric dental care and underscore the need for comprehensive patient safety initiatives within the Korean Academy of Pediatric Dentistry. Drawing insights from the prevailing patient safety policies of the American Academy of Pediatric Dentistry, case reports, and systematic reviews, this review elucidates issues such as dental fires during sedation, ocular complications from local anesthesia, and surgical emphysema. This review highlights the significance of safety toolkits encompassing infection control, medical error reduction, dental unit waterline infection, and nitrous oxide safety in pediatric dental settings, underscoring the need to foster a safety culture. Furthermore, this study explores the curriculum for pediatric dentistry residency programs, emphasizing concepts such as high-reliability organizations and mortality and morbidity conferences. The study suggests the need for initiatives to enhance patient safety, including establishing safety committees, expanding reporting systems, policy development, and supporting research related to patient safety. In conclusion, this study underlines key messages, emphasizing the utmost priority of patient safety, acknowledging the inevitability of human error, promoting effective communication, and cultivating a patient safety culture. These principles are vital for advancing patient safety in pediatric dental care and improving outcomes among pediatric patients.

A Comparison of PSNR, WSNR and ESNR Evaluation Methods for The Two Value Modulated Images

  • Kawasaki Junji;Takeda Kosuke;Kato Kyoto;Iijima Taizo
    • Journal of Broadcast Engineering
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    • v.10 no.2
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    • pp.149-155
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    • 2005
  • We have proposed an objective evaluation method using ESNR as the measure of approximation by the visual model, which coincides with MOS, a subjective evaluation method. For two-value images, we have used five kinds of modulation methods: 1) ordered dither, 2) least mean error, 3) pulse density low division, 4) simple two-value, and 5) random dither methods. The purpose of this paper is to investigate the validity of ESNR, by comparing the proposed method together with the existing representative methods such as PSNR and WSNR, with the subjective method MOS. The results of a series of experiments show that the ranking by MOS coincides with ESNR, though does not coincides with PSNR and WSNR.

A Design Procedure for Safety Simulation System Using Virtual Reality

  • Ki, Jae-Seug
    • Journal of the Korea Safety Management & Science
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    • v.1 no.1
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    • pp.69-77
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    • 1999
  • One of the objectives of any task design is to provide a safe and helpful workplace for the employees. The safety and health module may include means for confronting the design with safety and health regulations and standards as well as tools for obstacles and collisions detection (such as error models and simulators), Virtual Reality is a leading edge technology which has only very recently become available on platforms and at prices accessible to the majority of simulation engineers. The design of an automated manufacturing system is a complicated, multidisciplinary task that requires involvement of several specialists. In this paper, a design procedure that facilitates the safety and ergonomic considerations of an automated manufacturing system are described. The procedure consists of the following major steps. Data collection and analysis of the data, creation of a three-dimensional simulation model of the work environment, simulation for safety analysis and risk assessment, development of safety solutions, selection of the preferred solutions, implementation of the selected solutions, reporting, and training. When improving the safety of an existing system the three-dimensional simulation model helps the designer to perceive the work from operators point of view objectively and safely without the exposure to hazards of the actual system.

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A Study on the Housing Norm of the Large Cities' Middle Classes - With special reference to the housewives living in Seoul area (대도시 중산층의 주거규범에 관한 연구 - 서울시에 거주하는 주부를 중심으로 -)

  • 이연복
    • Journal of the Korean housing association
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    • v.2 no.1
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    • pp.13-34
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    • 1991
  • The main purpose of this study is to examine housing norm of the middle classes, housing norm and normative housing deficits by independent variables(socio - economic variables, family characteristic variable sand housing characteristic variables).There are two major findings of this study as follows :1. In the housing norm, housing space is 99.Om2, the number of rooms is 3.0, housing structure type is apartment, the maintenance cost is 13 thousand won, and housing tenure is home ownership. And housing qualify is classified into 5 dimensions, and neighborhood environment is classified into 3 dimensions.2. This thesis is to conform Morris et aL.(1984)`s hypotheses that cultural norm is homogeneous in culturally unified society and if it appears heterogeneously, It is the subject`s reporting error of the subjects confusing cultural norm with family norm.

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A Development of the Two Step Questionnaire for the Sasang Constitution Diagnosis (TS-QSCD) (사상체질 진단을 위한 2단계 설문지(TS-QSCD)의 개발 연구)

  • Shin, Dong-Yoon;Kim, Jeong-Ho;Choi, Dae-Sung;Lim, Mi-Kyung;Lee, Kyung-Lo;Song, Jeong-Mo;Kim, Young-Won
    • Journal of Sasang Constitutional Medicine
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    • v.18 no.1
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    • pp.75-90
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    • 2006
  • 1. Objectives The Sasang Constitution has been studied in many parts and one of the most common inquiries is the self-reporting questionnaire. But the established investigation has the problem that the respondents are not fully aware of the questionnaires and answer them. To settle this problem, it's been made new questionnaires through two steps. 2. Methods At first step, the testers ate classified into Yangin(陽人) and Eumin(陰人). And then, Taeyangin is distinguished from Soyangin likewise Taeumin is told from Soeumin. It's called 'The Two Step Questionnaire for the Sasang Constitution Diagnosis(TS-QSCD)'. This new method is tested by 160 testers and Woosuk university students whose constitution ate confirmed to make clear clinical uses 3. Results and Conclusions Questionnaire Sasang Constitution corresponds with The Real Sasang Constitution at the rate of 71.87%. Only 5.63% has shown an error at the first step. Every experimenters by constitutions, the 56 objects of 74 Taeumin are confirmed the same as it is. It has 84.85% accuracy. The 27 objects of 32 Soeumin come to the same thing and it has 69.23% accuracy. Similarly, the 32 objects of 42 Soyangin come to the same conclusion and 72.73% accuracy high As the result, in comparison to the Real Constitution with the Constitution by questionnaires, the accord comes out Kappa Indices 0.6427866. This result is comparatively high. Chi-square Test can be shown statistical meaning as well.

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A Threshold Optimization Method for Decentralized Cooperative Spectrum Sensing in Cognitive Radio Networks (인지 무선 네트워크 내 분산 협력 대역 검출을 위한 문턱값 최적화 방법)

  • Kim, Nak-Kyun;Byun, Youn-Shik
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.40 no.2
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    • pp.253-263
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    • 2015
  • Lately, spectrum sensing performance has been improved by using cooperate spectrum sensing which each results of sensing of several secondary users are reported to the fusion center. Using Cognitive Radio, secondary user is able to share a bandwidth allocated to primary user. In this paper, we propose a new decentralized cooperative spectrum sensing scheme which compensates the performance degradation of existing decentralized cooperative spectrum sensing considering the error probability of the channel which sensed result of the secondary user is delivered to the fusion center in decentralized cooperative spectrum sensing. In addition, a sensing threshold optimization of minimizing the error probability of decentralized cooperative spectrum sensing is introduced by deriving the equation and the optimal sensing threshold has been confirmed to maximize the decentralized cooperative spectrum sensing performance.

A Comparison of the Effects of Worker-Related Variables on Process Efficiency in a Manufacturing System Simulation

  • Lee, Dongjune;Park, Hyunjoon;Choi, Ahnryul;Mun, Joung H.
    • Journal of Biosystems Engineering
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    • v.38 no.1
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    • pp.33-40
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    • 2013
  • Purpose: The goal of this study was to build an accurate digital factory that evaluates the performance of a factory using computer simulation. To achieve this goal, we evaluated the effect of worker-related variables on production in a simulation model using comparative analysis of two cases. Methods: The overall work process and worker-related variables were determined and used to build a simulation model. Siemens PLM Software's Plant Simulation was used to build a simulation model. Also, two simulation models were built, where the only difference was the use of the worker-related variable, and the total daily production analyzed and compared in terms of the individual process. Additionally, worker efficiency was evaluated based on worker analysis. Results: When the daily production of the two models were compared, a 0.16% error rate was observed for the model where the worker-related variables were applied and error rate was approximately 5.35% for the model where the worker-related variables were not applied. In addition, the production in the individual processes showed lower error rate in the model that included the worker-related variables than the model where the worker-related variables were not used. Also, among the total of 22 workers, only three workers satisfied the IFRS (International Financial Reporting Standards) suggested worker capacity rate (90%). Conclusions: In the daily total production and individual process production, the model that included the worker-related variables produced results that were closer to the real production values. This result indicates the importance of worker elements as input variables, in regards to building accurate simulation models. Also, as suggested in this study, the model that included the worker-related variables can be utilized to analyze in more detail actual production. The results from this study are expected to be utilized to improve the work process and worker efficiency.