• Title/Summary/Keyword: split-level

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Stock Splits and Trading Behavior of Investors (주식분할과 투자자 매매행태)

  • Park, Jin-Woo;Lee, Min-Gyo
    • Asia-Pacific Journal of Business
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    • v.11 no.4
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    • pp.317-332
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    • 2020
  • Purpose - This study examines the information effect and trading behavior of investors for the 430 stock split data from January 2004 to June 2018 in the Korean stock market. Design/methodology/approach - The stock split samples are classified into two groups by split ratio as well as three groups by price level prior to split. We also investigate the trading behavior of investors categorized by institutional versus individual investors. Findings - First, we find a significantly positive information effect on the announcement day. In particular, the information effect is more distinct in the group of larger split ratio and higher price level of stocks. Second, we find a huge increase in turnover following the stock splits, which mainly results from the trading by individual investors. Also, the increase in turnover by individual investors is evident in the group of larger split ratio and higher price level of stocks. Third, the stock splits have a negative impact on the long-term stock performance. The negative buy-and-hold abnormal return(BHAR) makes no difference in the groups by split ratio as well as price level of stocks. Lastly, we find individual investors tend to buy splitted stocks, which exhibit the long-term under-performance. Research implications or Originality - The results in this paper suggest that the liquidity hypothesis is not supported in the Korean stock splits. In addition, we observe that individual investors are exposed to losses due to their unfavorable trading behavior following the stock split.

Design and Implementation of Kernel-Level Split and Merge Operations for Efficient File Transfer in Cyber-Physical System (사이버 물리 시스템에서 효율적인 파일 전송을 위한 커널 레벨 분할 및 결합 연산의 설계와 구현)

  • Park, Hyunchan;Jang, Jun-Hee;Lee, Junseok
    • IEMEK Journal of Embedded Systems and Applications
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    • v.14 no.5
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    • pp.249-258
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    • 2019
  • In the cyber-physical system, big data collected from numerous sensors and IoT devices is transferred to the Cloud for processing and analysis. When transferring data to the Cloud, merging data into one single file is more efficient than using the data in the form of split files. However, current merging and splitting operations are performed at the user-level and require many I / O requests to memory and storage devices, which is very inefficient and time-consuming. To solve this problem, this paper proposes kernel-level partitioning and combining operations. At the kernel level, splitting and merging files can be done with very little overhead by modifying the file system metadata. We have designed the proposed algorithm in detail and implemented it in the Linux Ext4 file system. In our experiments with the real Cloud storage system, our technique has achieved a transfer time of up to only 17% compared to the case of transferring split files. It also confirmed that the time required can be reduced by up to 0.5% compared to the existing user-level method.

Three-level Skip-lot sampling plan split by two stages (2단으로 분할된 3단계 스킵-로트 샘플링 검사계획)

  • 최병철;이은주
    • The Korean Journal of Applied Statistics
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    • v.8 no.2
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    • pp.55-64
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    • 1995
  • Three-level Skip-lot sampling plan split by two stages (Split2-SkSP0 is proposed by modifying multi-level skip-lot sampling plan proposed by Choi(1993), which has normal and terrace inspections on the first and the second stages, respectively. The plan is designed to work more higher level inspections when the quality of the submitted products are good, otherwise, return to the normal or the terrace inspection as fast as possible. Also, the formula of the operating characteristic function for the split skip-lot sampling plan is derived using the Markov chain approach. Also, operating characteristic properties of the proposed plans are studied and graphically compared with those of the multi-level skip-lot sampling plans.

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Analysis of Cloud Types and Low-Level Water Vapor Using Infrared Split-Window Data of NOAA/AVHRR (NOAA/AVHRR 적외 SPLIT WINDOW 자료를 이용한 운형과 하층수증기 분석)

  • 이미선;이희훈;서애숙
    • Korean Journal of Remote Sensing
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    • v.11 no.1
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    • pp.31-45
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    • 1995
  • The values of brightness temperature difference (BTD) between 11um and 12um infrared channels may reflect amounts of low-level water vapor and cloud types due to the different absorptivity for water vapor between two channels. A simple method of classifying cloud types at night was proposed. Two-dimensional histograms of brightness temperature of the 11um channel and the BTD between the split window data over subareas around characteristic clouds such as Cb(cumulonimbus), Ci(cirrus), and Sc(stratocumulus) was constructed. Cb, Ci and Sc can be classified by seleting appropriate thresholds in the two-dimensional histograms. And we can see amounts of low-level water vapor in clear area as well as cloud types in cloudy area in the BTD image. The map of cloud types and low-level water vapor generated by this method was compared with 850hPa and 1000hPa relative humidity(%) of numerical analysis data and nephanalysis chart. The comparisons showed reasonable agreement.

Application of ANOVA and DOE by Using Randomized Orders and Geometrical Properties (랜덤화 순서와 기하학적 특성을 고려한 분산분석과 실험계획의 응용방안)

  • Choe, Seong-Un
    • Proceedings of the Safety Management and Science Conference
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    • 2012.04a
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    • pp.277-292
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    • 2012
  • The research presents an application of Balanced ANOVA (BANOVA) by utilizing randomized orders for various Split-Plot Designs (SPDs) which include two cell designs, split-plot with one-way HTC (Hard to Control) factor, split-plot with two-way HTC factor, split-split-plot design and nested design. In addition, four MINITAB examples of 2-level split-plot designs based on the number of blocks and the type of whole-plots are presented for practitioners to obtain comprehensive understanding. Furthermore, the geometrical interrelated properties among three typical Designs of Experiments (DOE), such as Factorial Design (FD), Response Surface Design (RSD), and Mixture Design (MD) are discussed in this paper.

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EFFECTS OF SPLIT INJECTION AND OXYGEN-ENRICHED AIR ON SOOT EMISSIONS IN A DIESEL ENGINE

  • Nguyen, Khai;Sung, Nak-Won;Lee, Sang-Su
    • Proceedings of the KSME Conference
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    • 2008.11b
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    • pp.2965-2970
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    • 2008
  • Effects of split injection and oxygen-enriched air on soot emissions in a DI diesel engine were studied by the KIVA-3V code. When split injection is applied, the second injection of fuel into a cylinder results in two separate stoichiometric zones which increases soot oxidation. As a result, soot emissions are decreased with split injection. When oxygen-enriched air is applied together with split injection, higher concentration of oxygen helps secondary combustion which results in a higher temperature in the cylinder. The increased temperature promotes growth reaction of acetylene with soot but doesn't improve the acetylene formation during the second injection of fuel. As more acetylene is consumed in the growth reaction of acetylene, the net acetylene mass in the cylinder is decreased, which leads to a decrease of soot formation. With an increase of soot oxidation caused by split injection, the soot emissions are decreased significantly. However, to avoid excessive NOx emissions with increased oxygen concentration, the level of oxygen concentration should be lower than 22% in volume.

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The Effects of Split-Injection and EGR on the Combustion Characteristics of a DISI Engine (직접분사식 가솔린 엔진에서 분할분사 및 배기가스 재순환의 효과)

  • Moon Seoksu;Choi Jaejoon;Abo-Serie Essam;Bae Choongsik
    • Transactions of the Korean Society of Automotive Engineers
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    • v.14 no.1
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    • pp.144-152
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    • 2006
  • Split injection has been known to reduce total hydrocarbon (THC) emission level and increase engine performance under certain operating conditions 1, 2). Exhaust Gas Recirculation (EGR) is a common technique adopted for nirtric oxides (NOx) reduction by the dilution of intake air, despite a sacrifice of simultaneous increase in THC and decrease in engine performance3). Thus, using split injection with adequate EGR may improve the emission level of UBHC, NOx and the engine performance compared to that of single-injection with or without EGR cases. The purpose of this study is to investigate the engine performance and emission levels at various engine operating conditions and injection methods when it is applied with EGR. The characteristics of single-injection and split-injection were investigated with various engine loads and EGR rates. The engine speed is changed from 800rpm to 1200rpm to investigate how the combustion characteristics are changing with increasing engine speed.

Split Cord Malformation Combined with Tethered Cord Syndrome in an Adult

  • Kim, Young Deok;Sung, Ji Hoon;Hong, Jae Taek;Lee, Sang Won
    • Journal of Korean Neurosurgical Society
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    • v.54 no.4
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    • pp.363-365
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    • 2013
  • Split cord malformations (SCMs) usually present in childhood, and are rarely reported in adults. And also, a cervicothoracic SCM associated with tethered cord syndrome has very rarely been reported in the literature. We report a case of SCM associated with tethered cord and spina bifida in an adult. This report describes the case of a 34-year-old woman who presented for evaluation of neck pain, back pain, and intermittent paraparesis of several months duration. The MRI and CT showed a SCM at the cervicothoracic level and a fibrous septum at the thoracic level. She underwent surgery for the SCM and tethered cord syndrome, and was followed for 7 years. Patient presented complete recovery in the follow-up. The authors discuss this unusual lesion and describe the anatomical relationship of the level of cord duplication and fibrous septum.

Split Tension Fatigue Characteristics Analysis of Fatigue Tests Data for Concrete Pavements (콘크리트 포장 피로실험 데이터의 쪼갬인장 피로특성)

  • Kim, Dong-Ho;Kim, Sung-Hwan;Yun, Byung-Sung;Lee, Bong-Hak
    • Journal of Industrial Technology
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    • v.23 no.A
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    • pp.139-147
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    • 2003
  • The purpose of this study was to investigate and analyze the fatigue test data of pavement concrete. The static strength tests were carried out to check the compressive strength, flexural strength, and split tension strength at 56 days in order to minimize strength variation effect during test. The specimens were fabricated at twelves sections at a construction site of highway. The stress level and stress ratio of fatigue test were determined from static test results. The results are as follow: The flexural strength at 28 days mostly satisfied the criterion for design, but the compressive strength at 28 days were slightly below the criterion even though it satisfied at 56 days. The fatigue limit was 2 million cycles if the specimen was not failed to that cycles. The S-N curves were developed from the fatigue test results at each stress levels and each stress ratio. Then, the fatigue life of pavement concrete at a given stress level and fatigue strength of pavement concrete could be derived from these curves. Analysis using method No.2 was more acceptable because resulting of comparison and analysis using method No.2 was presented 2 sections were presented $R^2$ < 0.7, and other 2 sections were presented 0.7 < $R^2$ < 0.8, and the others 8 sections were $R^2{\geq}0.8$.

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THE EFFECTS OF EGR AND SPLIT FUEL INJECTION ON DIESEL ENGINE EMISSION

  • Gao, Z.;Schreiber, W.
    • International Journal of Automotive Technology
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    • v.2 no.4
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    • pp.123-133
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    • 2001
  • An important goal in diesel engine research is the development of a means to reduce the emission of oxides of nitrogen ($NO_x$) and soot particulate. A phenomenological model based on the multizone concept is used in the current paper to analyze and compare the effects of exhaust gas recirculation (EGR) and split fuel injection on emission from a compression-ignited, direct-injection engine. The present results show that $NO_x$ can be reduced with a minimum penalty of soot particle emission with cooled EGR. Compared with EGR, split fuel injection has a higher soot penalty at a given level of $NO_x$ reduction.

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