• Title/Summary/Keyword: short-rate models

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THE FOREIGN EXCHANGE RATE UNDER RATIONAL EXPECTATION (이성적(理性的) 기대하(期待下)의 환율행태분석(換率行態分析))

  • Yu, Il-Seong
    • The Korean Journal of Financial Management
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    • v.6 no.1
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    • pp.31-62
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    • 1989
  • By using deterministic dynamic models, we observe the behavior of the foreign exchange rate of a small open economy with rational expectation formation and different restrictions on the international economic integrations. First, an economy connected to the world by purchasing power parity and uncovered interest parity is studied in the next section. In both sections, financial assets available in the economy are domestic money and bonds. Stocks are added as a financial instrument in the next section, and real capital accumulation is also taken into account. Furthermore, the economy concerned there is fairly autonomous, and not directly governed by either purchasing power parity or uncovered interest parity. The expectation formation used throughout the whole paper is complete perfect foresight, which is the certainty version of rational expectation and free from any forecast errors. It is found that upon monetary expansion the short run depreciation of the foreign exchange rate is a fairly robust result regardless of the degree of the international economic integration, while it is not true for fiscal expansion. The expectation on the long run state significantly affects the short run response of the exchange rate. All of our models postulate that the current account should be balanced eventually. As the result, the short run behavior of the exchange rate is affected by the expectation on the long run balance and may well be a blend of the traditional flow view and modem asset view. The initial overshooting of the exchange rate is easily observed even in the fairly autonomous economy Furthermore, the initial overshooting is not reduced over time, but augmented for some time before it is eventually eliminated. As long as we maintain rational expectaion, introducing time delay in the adjustment of the foreign goods price to the foreign exchange rate does not make much difference.

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A Rainfall Forecasting Model for the Ungaged Point of Meteorological Data (기상 자료 미계측 지점의 강우 예보 모형)

  • Lee, Jae Hyoung;Jeon, Ir Kweon
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.14 no.2
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    • pp.307-316
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    • 1994
  • The rainfall forecasting model of the short term is improved at the point where meterological data is not gaged. In this study, the adopted model is based on the assumptions for simulation model of rainfall process, meteorological homogeneousness, prediction and estimation of meteorological data. A Kalman Filter technique is used for rainfall forecasting. In the existing models, the equation of the model is non-linear type with regard to rainfall rate, because hydrometer size distribution (HSD) depends on rainfall intensity. The equation is linearized about rainfall rate as HSD is formulated by the function of the water storage in the cloud. And meteorological input variables are predicted by emprical model. It is applied to the storm events over Taech'ong Dam area. The results show that root mean square error between the forecasted and the observed rainfall intensity is varing from 0.3 to 1.01 mm/hr. It is suggested that the assumptions of this study be reasonable and our model is useful for the short term rainfall forecasting at the ungaged point of the meteorological data.

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Arousal and Valence Classification Model Based on Long Short-Term Memory and DEAP Data for Mental Healthcare Management

  • Choi, Eun Jeong;Kim, Dong Keun
    • Healthcare Informatics Research
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    • v.24 no.4
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    • pp.309-316
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    • 2018
  • Objectives: Both the valence and arousal components of affect are important considerations when managing mental healthcare because they are associated with affective and physiological responses. Research on arousal and valence analysis, which uses images, texts, and physiological signals that employ deep learning, is actively underway; research investigating how to improve the recognition rate is needed. The goal of this research was to design a deep learning framework and model to classify arousal and valence, indicating positive and negative degrees of emotion as high or low. Methods: The proposed arousal and valence classification model to analyze the affective state was tested using data from 40 channels provided by a dataset for emotion analysis using electrocardiography (EEG), physiological, and video signals (the DEAP dataset). Experiments were based on 10 selected featured central and peripheral nervous system data points, using long short-term memory (LSTM) as a deep learning method. Results: The arousal and valence were classified and visualized on a two-dimensional coordinate plane. Profiles were designed depending on the number of hidden layers, nodes, and hyperparameters according to the error rate. The experimental results show an arousal and valence classification model accuracy of 74.65 and 78%, respectively. The proposed model performed better than previous other models. Conclusions: The proposed model appears to be effective in analyzing arousal and valence; specifically, it is expected that affective analysis using physiological signals based on LSTM will be possible without manual feature extraction. In a future study, the classification model will be adopted in mental healthcare management systems.

The Trends of Electronic Security System and Prospects of Security Market (기계경비시스템의 변화와 시장전망)

  • Chung, Tae-Hwang
    • Korean Security Journal
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    • no.6
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    • pp.147-165
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    • 2003
  • Since Electronic Security System is introduced in Korea in 1981 by foreign technology, Security market has been increasing considerably during short period, and It performs it's security roles well in place of security guards. As electronic and communication technology is highly developed, Electronic Security System and security market structure is changing naturally. Especially high-tech mobile communication technology will change the method of Electronic Security business. Also the pattens of residence and life style, such as the trend toward nuclear family and single life could effect security market. In recent year, new business models that apply the mobile phone and internet is appeared. Although Electronic Security System is changed by the changes of technology, It is very difficult to change the basic elements, such as sensing, alarm signal transfering, and response. The rate of increase of Electronic Security market is expected to matain it's increase pace for the time being. But the development of new system for new protectes such as childeren, old person, vehicle rather than immovable facility is necessary to prepare for the continuous competition.

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A Study on the Determinant to User's Continuous Usage of SNG Based Mobile Social-Platform (모바일 소셜플랫폼 기반 SNG 이용자의 지속적 사용의도에 영향을 미치는 요인에 관한 연구)

  • Han, Areum;Lee, Jae-Shin
    • Journal of Information Technology Services
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    • v.12 no.2
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    • pp.85-101
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    • 2013
  • The wide spread of smartphones and the growth of the number of internet users are reshaping the SNS (Social Network Service). Merging into other service areas and creating new business models with high profits, SNS is no more a service simply providing personal connections. Now SNS has positioned itself as a service platform. SNG (Social Network Game) is a new outcome utilizing SNS as a game platform and showing a rapid growth rate in a short period of time. The number of SNG users is expected to increase steadily. In this study, we examine whether SNG user motivations lead to flow experience and future intention to use. For that purpose, we conducted a survey with smartphone users. The results indicate that flow experience functions as a mediator and user motivations indirectly affect intention to use through flow experience. This paper concludes with discussions on findings and suggestions for future research.

Prediction of combustion field in granular propellant with moving boundary (이동경계면을 갖는 연소실내에서의 입자상의 고체연료 연소장 예측)

  • 조한창;윤재건;신현동;김종욱
    • Transactions of the Korean Society of Mechanical Engineers
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    • v.16 no.12
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    • pp.2385-2394
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    • 1992
  • Granular solid propellants having energy and fast burning rate produce great thrusts within extremely short time intervals. Thus numerical researchs prevailed rather than experimental. Using a 2-phase fluid dynamics model among 1-dimensional 2-phase models, a numerical program was set up to describe reacting flow fields, moving boundary with oscillating pressure waves and constitutive laws research. It deserves special emphasis that correlations of convective heat transfer coefficient and viscous drag force among constitutive laws are tested and discussed because slight variations of their constants make a large influence on their results. In this calculations, some of correlations make the large difference in results. Therefore constitutive laws for convective heat transfer coefficient and viscous drag force need more considerations with experiments.

Comparison of Hyper-Parameter Optimization Methods for Deep Neural Networks

  • Kim, Ho-Chan;Kang, Min-Jae
    • Journal of IKEEE
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    • v.24 no.4
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    • pp.969-974
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    • 2020
  • Research into hyper parameter optimization (HPO) has recently revived with interest in models containing many hyper parameters, such as deep neural networks. In this paper, we introduce the most widely used HPO methods, such as grid search, random search, and Bayesian optimization, and investigate their characteristics through experiments. The MNIST data set is used to compare results in experiments to find the best method that can be used to achieve higher accuracy in a relatively short time simulation. The learning rate and weight decay have been chosen for this experiment because these are the commonly used parameters in this kind of experiment.

Design Variable Analysis of Space Optical Tracking System Using Modeling and Simulation (모델링 및 시뮬레이션을 활용한 우주 광학 추적 시스템 설계 변수 분석)

  • Chul Hyun;Jae Deok Jang;Hojin Lee;Hyun Seung Kim
    • Journal of the Korean Society of Systems Engineering
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    • v.20 no.1
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    • pp.76-84
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    • 2024
  • This study investigates the design of an optical observation system for continuously tracking unknown space object targets within the telescope's field of view at a short cycle rate of several to tens of frames per second. Through modeling and integrated simulation by design variables, we aim to identify combinations that satisfy the performance effectiveness scale. The study demonstrates the effectiveness of a model-based simulation analysis approach in rapidly identifying design parameters that meet specific performance requirements. By leveraging numerical models tailored to the desired performance analysis level, the approach provides a robust foundation for decision-making, eliminating reliance on empirical methods or vague estimations.

Multivariate Congestion Prediction using Stacked LSTM Autoencoder based Bidirectional LSTM Model

  • Vijayalakshmi, B;Thanga, Ramya S;Ramar, K
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.17 no.1
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    • pp.216-238
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    • 2023
  • In intelligent transportation systems, traffic management is an important task. The accurate forecasting of traffic characteristics like flow, congestion, and density is still active research because of the non-linear nature and uncertainty of the spatiotemporal data. Inclement weather, such as rain and snow, and other special events such as holidays, accidents, and road closures have a significant impact on driving and the average speed of vehicles on the road, which lowers traffic capacity and causes congestion in a widespread manner. This work designs a model for multivariate short-term traffic congestion prediction using SLSTM_AE-BiLSTM. The proposed design consists of a Bidirectional Long Short Term Memory(BiLSTM) network to predict traffic flow value and a Convolutional Neural network (CNN) model for detecting the congestion status. This model uses spatial static temporal dynamic data. The stacked Long Short Term Memory Autoencoder (SLSTM AE) is used to encode the weather features into a reduced and more informative feature space. BiLSTM model is used to capture the features from the past and present traffic data simultaneously and also to identify the long-term dependencies. It uses the traffic data and encoded weather data to perform the traffic flow prediction. The CNN model is used to predict the recurring congestion status based on the predicted traffic flow value at a particular urban traffic network. In this work, a publicly available Caltrans PEMS dataset with traffic parameters is used. The proposed model generates the congestion prediction with an accuracy rate of 92.74% which is slightly better when compared with other deep learning models for congestion prediction.

Assessment of Future Water Circulation Rate in Dodang Watershed under Climate Change (기후변화에 따른 도당천 유역 미래 물순환율 평가)

  • Kwak, Jihye;Hwang, Soonho;Jun, Sang Min;Kim, Seokhyeon;Choi, Soon Kun;Kang, Moon Seong
    • Journal of The Korean Society of Agricultural Engineers
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    • v.62 no.4
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    • pp.99-110
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    • 2020
  • The objective of this study is to analyze the trend of changes in the water circulation rates under climate change by adopting the concept of WCR defined by the Ministry of Environment. With the need for sound water circulation recovery, the MOE proposed the idea of WCR as (1-direct flow/precipitation). The guideline for calculating WCR suggests the SCS method, which is only suitable for short term rainfall events. However, climate change, which affects WCR significantly, is a global phenomenon and happens gradually over a long period. Therefore, long-term trends in WCRs should also be considered when analyzing changes in WCR due to climate change. RCP (Representative Concentration Pathway) 4.5 and 8.5 scenarios were used to simulate future runoff. SWAT (Soil and Water Assessment Tool) was run under the future daily data from GCMs (General Circulation Models) after the calibration. In 2085s, monthly WCR decreased by 4.2-9.9% and 3.3-8.7% in April and October. However, the WCR in the winter increased as the precipitation during the winter decreased compared to the baseline. In the aspect of yearly WCR, the value showed a decrease in most GCMs in the mid-long future. In particular, in the case of the RCP 8.5 scenario, the WCR reduced 2-3 times rapidly than the RCP 4.5 scenario. The WCR of 2055s did not significantly differ from the 2025s, but the value declined by 0.6-2.8% at 2085s.