• 제목/요약/키워드: risk adjusted performance

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An Evaluation of a Dasymetric Surface Model for Spatial Disaggregation of Zonal Population data (구역단위 인구자료의 공간적 세분화를 위한 밀도 구분적 표면모델에 대한 평가)

  • Jun, Byong-Woon
    • Journal of the Korean association of regional geographers
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    • v.12 no.5
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    • pp.614-630
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    • 2006
  • Improved estimates of populations at risk for quick and effective response to natural and man-made disasters require spatial disaggregation of zonal population data because of the spatial mismatch problem in areal units between census and impact zones. This paper implements a dasymetric surface model to facilitate spatial disaggregation of the population of a census block group into populations associated with each constituent pixel and evaluates the performance of the surface-based spatial disaggregation model visually and statistically. The surface-based spatial disaggregation model employed geographic information systems (GIS) to enable dasymetric interpolation to be guided by satellite-derived land use and land cover data as additional information about the geographic distributor of population. In the spatial disaggregation, percent cover based empirical sampling and areal weighting techniques were used to objectively determine dasymetric weights for each grid cell. The dasymetric population surface for the Atlanta metropolitan area was generated by the surface-based spatial disaggregation model. The accuracy of the dasymetric population surface was tested on census counts using the root mean square error (RMSE) and an adjusted RMSE. The errors related to each census track and block group were also visualized by percent error maps. Results indicate that the dasymetric population surface provides high-precision estimates of populations as well as the detailed spatial distribution of population within census block groups. The results also demonstrate that the population surface largely tends to overestimate or underestimate population for both the rural and forested and the urban core areas.

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An Empirical Study of the Trading Rules on the basis of Market Anomalies and Technical Analysis (시장이상현상과 기술적 분석을 이용한 거래전략에 관한 연구)

  • Ohk, Ki-Yool;Lee, Min-Kyu
    • Management & Information Systems Review
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    • v.37 no.1
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    • pp.41-53
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    • 2018
  • This study validates the trading rules based market anomalies and technical analysis in the Korean stock market. For the analysis, we built decile portfolios on the basis of corporate characteristics factors that clearly demonstrate specific patterns of stock returns including the firm size, book-to-market equity, and accruals. This portfolio was used to develop a portfolio based on the moving average trading strategy which was used for popular technical analysis tools, and then that was evaluated using the Sharpe ratio. We also created a zero-cost portfolio to identify the profitability and success rate of the moving average trading strategy. We lastly sought to ensure a more robust evaluation by calculating the Sortino ratio of the portfolio based on the moving average trading strategy with various lags. Key findings from this validation are as follows. First, a smaller firm size, a higher book-to-market equity, and lower accruals led to larger average returns. Second, the risk-adjusted performance of the moving average trading strategy was the highest in terms of the firm size, followed by book-to-market equity and accruals. Third, the returns of the zero-cost portfolios all had a positive value, with its overall success rate hovering over 68.8%, demonstrating the successfulness of the moving average trading strategy. Fourth, various evaluations revealed the economic usefulness of our trading strategy that used market anomalies and technical analysis.

Determination of Design Basis for a Storage System for Spent Fuel in Korea (국내 사용후핵연료 저장시스템의 설계기준 설정 인자 고찰)

  • Yoon, Jeong-Hyoun;Lee, Eun-Yong;Woo, Sang-In;Kim, Tae-Man
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.9 no.2
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    • pp.113-119
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    • 2011
  • Safe operation and maintenance of engineered dry storage systems for spent fuel from nuclear power plants basically depends on adequately adopted design requirements. The most important design target of the system are those which provide the necessary assurances that spent fuel can be received, handled, stored and retrieved without undue risk to health and safety of workers and the public. To achieve these objectives, the design of the system incorporates features to remove spent fuel residual heat, to provide for radiation protection, and to maintain containment over the lifespan of the system as specified in the design specifications. The features also provide for all possible anticipated operational occurrences and design basis events in accordance with the design basis as guided by the designated regulations. The general performance requirements of a projected storage system are introduced in this paper. The storage system is designed to store fuel assemblies in associated with designated regulatory requirements. Small increases/decreases in maximum burnup can be adjusted with cooling time. These variations are compensated for by a corresponding small site-specific increase/decrease in the design basis-cooling period, as long as the maximum heat load and radioactivity of loaded fuel assemblies are met. Generic design basis events considered for the storage system are summarized. Shielding and radiological requirements along with mechanical and structural are derived in this study.

Related Factors for Not Washing Hands at School among Adolescents (청소년의 학교 내 손씻기 미실천율과 관련요인)

  • SaGong, Hyo Jin;Lee, Yu-Mi;Choi, Eunsuk;Kim, Keonyeop
    • Journal of agricultural medicine and community health
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    • v.47 no.1
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    • pp.14-26
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    • 2022
  • Objectives: Handwashing is one of the most effective methods to prevent the spread of infectious diseases. This study assessed the related factors and reasons for not practicing handwashing at school among adolescents. Methods: We analyzed data collected from 57,303 adolescents who participated in the 15th Korea Youth Risk Behavior Survey 2019. Results: The proportions of not washing hands "before meals at school" and "after using the toilet at school" were 15.9% and 4.4%, respectively. The adjusted odds ratio for not washing hands before meals at school was significantly higher in girls (Odds Ratio [OR]=1.52, 95% Confidence Intervals [CI]=1.42-1.63), metropolitan city (OR=1.32, 95% CI=1.11-1.56), city (OR=1.29, 95% CI=1.08-1.54), higher grade, higher academic performance, lower economic status, not handwashing at home (OR=14.36, 95% CI=13.37-15.42), and without annual personal hygiene education (OR=1.41, 95% CI=1.33-1.49). Reasons for not washing hands at school among adolescents who do not wash their hands before meals at school included 'it is bothersome (52.3%)', 'there is no soap or hand sanitizer (13.8%)', and 'I do not feel the need (9.5%)'. Conclusions: Improving handwashing before meals at school among adolescents requires raising awareness of the importance of handwashing before meals and establishing a suitable environment and handwashing-encouraging culture.

The Developmental Outcome of Fetal Mild Isolated Ventriculomegaly (단독 태아 경뇌실확장증의 임상적 예후)

  • Jeong, Myung Sook;Chun, Jung Mi;Kim, Kyung Ah;Ko, Sun Young;Lee, Yeon Kyung;Shin, Son Moon;Lee, Eu-Ree
    • Clinical and Experimental Pediatrics
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    • v.48 no.8
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    • pp.826-831
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    • 2005
  • Purpose : This study is directed to evaluate standardized developmental test performances of infants and children who, as fetuses, had mild isolated cerebral ventriculomegaly diagnosed by ultrasound. Methods : All prenatal sonographic findings from 2001 to 2002 were evaluated. Live isolated mild ventriculomegaly(IMVM) of 10-15 mm were observed in 95 cases(1.1 percent). Standardized developmental testing of 40 cases of IMVM and 36 cases in a comparison group were offered to parents Both groups of children were adjusted to normal antepatum subjects with respect to sex, race, indication for ultrasound and gestational age at the time of ultrasound. Test of cognitive and motor development(Bayley Scales of Infant Development, Second Edition; BSID-II) were administered by developmental examiners. Results : Forty cases and 34 comparison sujects completed the testing. The IMVM and comparison groups were similar with respect to parental age, gestational age, birth weight, familial socioeconomic status. The IMVM subjects scored lower than the comparison group on both the BSID-II, but there was not statistically significant. differences; metal development index(MDI)($92.7{\pm}12.9$ vs $94.7{\pm}14.1$, P=0.47) and psychomotor development index(PDI)($100.3{\pm}14.1$ vs $101.3{\pm}10.7$, P=0.75). Eleven cases(27.5 percent) of IMVM group and five cases(14.7 percent) of the comparison group were developmentally delayed, but most cases in both groups showed mild delays. Resolution or lack of progression, lateral ventricle diameter ${\leq}12mm$ and females were associated with better scores, but there were not statistically significant. Polarity, and head circumference were not related to later development. Conclusion : This study show children with MIVM did not delay performance in the developmental test, but we might suggest a tendency to increase the risk of mild developmental delay.

Performance of Contrarian Strategies using Price Change and Price Level (과거의 주가수준과 주식수익률을 이용한 투자전략의 성과)

  • Lee, Myung-Chul;Lee, Soo-Geun
    • Management & Information Systems Review
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    • v.30 no.4
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    • pp.147-173
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    • 2011
  • It is generally accepted that there are momentum effects in the short term and reversal effects in the long term, which makes abnormal excess returns in the major stock markets in the world. In Korea stock market, however, the previous studies demonstrate that contrarian strategies based on reversal effects are more effective than momentum strategies following momentum effects in the short term as well as in the long term. This paper examines wether contrarian strategies are still effective In Korea stock market from 1980 to 2009, and the short term reversals may be changed after the foreign exchange crisis in 1997-1998. Moreover, this paper investigates how contrarian profits are shown considering the state of market. In my research, unlike previous studies, I find that both of contrarian strategies using price change and price level cannot gain excess risk adjusted returns in Korea stock market from 1980 to 2009, but this result is due to the fact that reversal effects existed before the foreign exchange crisis but momentum effects does after the foreign exchange crisis in 1997-1998. Specially, after the foreign exchange crisis, it is confirmed momentum strategies using 52 week high price, that is, price level are more effective than momentum strategies using price change. And following the strategies using 52 week high price after the foreign exchange crisis, the momentum is not only observed in the up market but also in the down market, which is different with the results of the studies regarding to American market, where the momentum is just found in the up market.

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