• Journal of KIISE:Databases
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• v.34 no.3
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• pp.179-192
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• 2007

This paper addresses an approach that recommends investment types for stock investors by discovering useful rules from past changing patterns of stock prices in databases. First, we define a new rule model for recommending stock investment types. For a frequent pattern of stock prices, if its subsequent stock prices are matched to a condition of an investor, the model recommends a corresponding investment type for this stock. The frequent pattern is regarded as a rule head, and the subsequent part a rule body. We observed that the conditions on rule bodies are quite different depending on dispositions of investors while rule heads are independent of characteristics of investors in most cases. With this observation, we propose a new method that discovers and stores only the rule heads rather than the whole rules in a rule discovery process. This allows investors to define various conditions on rule bodies flexibly, and also improves the performance of a rule discovery process by reducing the number of rules. For efficient discovery and matching of rules, we propose methods for discovering frequent patterns, constructing a frequent pattern base, and indexing them. We also suggest a method that finds the rules matched to a query issued by an investor from a frequent pattern base, and a method that recommends an investment type using the rules. Finally, we verify the superiority of our approach via various experiments using real-life stock data.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.4
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• pp.81-90
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• 2018

Modern investment theory has empirically proved that stock returns can be explained by several factors such as market risk, firm size, and book-to-market ratio. Other unknown factors affecting stock returns are also believed to still exist yet to be found. We believe that one of such factors is the operational efficiency of firms in transforming inputs to outputs, considering the fact that operations is a fundamental and primary function of any type of businesses. To support this belief, this study intends to empirically study the relationship between firm efficiency and stock price performance. Firm efficiency is measured using data envelopment analysis (DEA) with inputs and outputs obtained from financial statements. We employ cross-efficiency evaluation to enhance the discrimination power of DEA with a secondary objective function of aggressive formulation. Using the CAPM-based performance regression model, we test the performance of equally weighted portfolios of different sizes selected based upon DEA cross-efficiency scores along with a buy & hold trading strategy. For the empirical test, we collect financial data of domestic firms listed in KOSPI over the period of 2000~2016 from well-known financial databases. As a result, we find that the porfolios with highly efficient firms included outperform the benchmark market portfolio after controlling for the market risk, which indicates that firm efficiency plays a important role in explaining stock returns.

• The Journal of Information Systems
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• v.30 no.3
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• pp.21-45
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• 2021

Purpose This paper analyzed the impacts of domestic stock market by a global pandemic such as COVID-19. We investigated how the overall pattern of the stock market changed due to the impact of the COVID-19 pandemic. In particular, we analyzed in depth the pattern of stock price, as well, tried to find what factors affect on stock market index(KOSPI) in the healthcare industry due to the COVID-19 pandemic. Design/methodology/approach We built a data warehouse from the databases in various industrial and economic fields to analyze the changes in the KOSPI due to COVID-19, particularly, the changes in the healthcare industry centered on bio-medicine. We collected daily stock price data of the KOSPI centered on the KOSPI-200 about two years before and one year after the outbreak of COVID-19. In addition, we also collected various news related to COVID-19 from the stock market by applying text mining techniques. We designed four experimental data sets to develop decision tree-based prediction models. Findings All prediction models from the four data sets showed the significant predictive power with explainable decision tree models. In addition, we derived significant 10 to 14 decision rules for each prediction model. The experimental results showed that the decision rules were enough to explain the domestic healthcare stock market patterns for before and after COVID-19.

• Proceedings of the KSR Conference
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• 2004.06a
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• pp.847-852
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• 2004

The virtual engineering technologies have been broadly used for the design, testing, manufacturing and maintenance works of industrial product. Recently many VR systems with walk through navigation and web databases; such as design and installation database. load history database, maintenance history database et al. are developed. However, the virtual engineering in railroad industry is not well developed compared to other industries like automobile, air, shipbuilding. In this paper, we explain the strategy that we have applied the virtual engineering technology to the design works of rolling stock and our plan to build the virtual testing laboratory(VTL) in the Korea Railroad Research Institute.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.25 no.1
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• pp.78-84
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• 2002

This paper is a study for the computerization program of incoming and outgoing processes of a number of parts and a great amount of material for producing products in flood industry, which was required by a medium-sized company located at Cheon-An. The program consists of four databases, one main form, seventeen subforms, and eight report forms. Concretely speaking, the four databases are prepared for products, semi-products, material, and reports, and the seventeen subforms are those for current inventory, used quantity, safty stock, product specification, etc. With the program, users can be helped and save manpower, time and cost in incoming and outgoing processes of parts and material for producing products and in their real time operation and decision-making.

• Journal of Industrial Technology
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• v.20 no.B
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• pp.219-226
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• 2000

In this paper, we propose a new novel method for similarity search that supports time warping. Our primary goal is to innovate on search performance in large databases without false dismissal. To attain this goal, we devise a new distance function $D_{tw-lb}$ that consistently underestimates the time warping distance and also satisfies the triangular inequality. $D_{tw-lb}$ uses a 4-tuple feature vector extracted from each sequence and is invariant to time warping. For efficient processing, we employ a multidimensional index that uses the 4-tuple feature vector as indexing attributes and $D_{tw-lb}$ as a distance function. We prove that our method does not incur false dismissal. To verify the superiority of our method, we perform extensive experiments. The results reveal that our method achieves significant speedup up to 43 times with real-world S&P 500 stock data.

• Journal of KIISE:Databases
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• v.33 no.6
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• pp.644-653
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• 2006

This paper analyzes the properties of user query for stock investment recommendation, and defines the 'following relation', which is a new relation between two queries. A following relation between two queries $Q_1,\;Q_2$ and a recommendation value X means 'If the recommendation value of a preceding Query $Q_1$ is X, then a following query $Q_2$ always has X as its recommendation value'. If there exists a following relation between $Q_1\;and\;Q_2$, the recommendation value of $Q_2$ is decided immediately by that of $Q_1$, therefore we can eliminate the running process for $Q_2$. We suggest two methods in this paper. The former method analyzes all the following relations among user queries and represents them as a graph. The latter searches the graph and decides the order of queries to be processed, in order to make the number of eliminated query-running process maximized. When we apply the suggested procedures that use the following relation, most of user queries do not need to be processed directly, hence the performance of running overall queries is greatly improved. We examined the superiority of the suggested methods through experiments using real stock market data. According to the results of our experiments, overall query processing time has reduced less than 10% with our proposed methods, compared to the traditional procedure.

• Journal of KIISE:Databases
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• v.30 no.2
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• pp.209-224
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• 2003

Recent development of electronic commerce enables the use of Electronic Stock Trading Systems(ESTS) to be expanded. In ESTS, information with various sensitivity levels is shared by multiple users with mutually different clearance levels. Therefore, it is necessary to use Multilevel Secure Database Management Systems(MLS/DBMSs) in controlling concurrent execution among multiple transactions. In ESTS, not only analytical OLAP transactions, but also mission critical OLTP transactions are executed concurrently, which causes it difficult to adapt traditional secure transaction management schemes to ESTS environments. In this paper, we propose Secure One Snapshot(SOS) protocol that is devised for Secure Transaction Management in ESTS. By maintaining additional one snapshot as well as working database SOS blocks covert-channel efficiently, enables various real-time transaction management schemes to be adapted with ease, and reduces the length of waiting queue being managed to maintain freshness of data by utilizing the characteristics of less strict correctness criteria. In this paper, we introduce the process of SOS protocol with some examples, and then analyze correctness of devised protocol.

• Journal of KIISE:Databases
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• v.29 no.5
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• pp.381-392
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• 2002

This paper deals with the problem of shape-based retrieval in time-series databases. The shape-based retrieval is defined as the operation that searches for the (sub)sequences whose shapes are similar to that of a given query sequence regardless of their actual element values. In this paper, we propose an effective and efficient approach for shape-based retrieval of subsequences. We first introduce a new similarity model for shape-based retrieval that supports various combinations of transformations such as shifting, scaling, moving average, and time warping. For efficient processing of the shape-based retrieval based on the similarity model, we also propose the indexing and query processing methods. To verify the superiority of our approach, we perform extensive experiments with the real-world S&P 500 stock data. The results reveal that our approach successfully finds all the subsequences that have the shapes similar to that of the query sequence, and also achieves significant speedup up to around 66 times compared with the sequential scan method.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.487-495
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• 2021

As Islam supports fair trade, the Murabaha is the most popular and most common mode of Islamic financing. It is a contract of sale between the bank and its client for the sale of goods at a price plus an agreed profit margin for the bank. The contract involves the purchase of goods by the bank which then sells them to the client at an agreed mark-up. While their characteristics and values are unique, they are also subject to conventional measurement of efficacies. This study investigates how the primary health predictors of conventional banks under the Basel III regime could provide a positive means to assess the Murabaha funding and subsequently secure long-term profitability. This study constructed a path analysis (from 120 databases) to assess whether Islamic banks' leverage and capital adequacy may alter the Murabaha funding and increase stock equity directly and indirectly. The research findings are mixed where leverage does not alter the Murabaha funding but only affects the profitability; besides, capital adequacy increases the outgoing funding significantly but does not increase stock equity. Murabaha funding is essential to Islamic bank equity. This study implies Murabaha funding are expensed, despite increasing debts in Islamic banks.