• 제목/요약/키워드: the control-value theory

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The Impact of Market Discipline on Charter Value of Commercial Banks: Empirical Evidence from Pakistan Stock Exchange

  • AKHTAR, Muhammad Naveed;SALEEM, Sana
    • The Journal of Asian Finance, Economics and Business
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    • 제8권4호
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    • pp.249-261
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    • 2021
  • To tranquilize the devastating impact of unnecessary risk-taking behavior of banks towards the economy for maximizing their profits that usually arises due to widely known 'moral-hazard' problem originating from market competition and intensified by bank's limited liability, the banking system is strongly monitored across all countries of the world. The goal of controlling would become more feasible if there exist some self-discipline and motivations which could safeguard the banks' charter value through the mechanism of market discipline. Therefore, our study is aimed to scrutinize the relation between market discipline and charter value of local commercial banks that are registered on the Pakistan Stock Exchange by analyzing a balanced panel data from the year 2007 to 2019. Deposit growth, interbank deposits, and subordinate debt are taken as proxies to measure market discipline whereas Tobin's Q theory is applied for calculating the charter value. Generalized Least Square Regression with Fixed Effect Model is used for evaluation. The outcomes reveal that in the existence of control variables, all proxies of market discipline have a significant positive impact on bank charter value. Our research has important policy implications for monitoring and supervising financial intermediaries for their stability and soundness by offsetting the complications of moral-hazard in the financial systems.

압전소자를 액츄에이터로 이용한 탄성보진동의 능동제어 (Active vibration control of flexible beam using piezoelectric actuator)

  • 김종선
    • 소음진동
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    • 제2권3호
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    • pp.173-180
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    • 1992
  • A boundary control method that controls interior state by actively controlling the boundary conditions in boundary value problems is proposed for the vibration control of flexible beam by using piezoelectric actuators. The governing equations are derived based on the Euler beam theory and the reduced order model is obtained by modal truncation. The spillover effects caused by the uncontrolled high frequency modes are analyzed and the method selecting a suitable sensor location is also proposed. The lag compensator in digital form is realized by using a microcomputer and its peripheral devices. The efficiency of the proposed control scheme is demonstrated experimentally and compared with the simulation results.

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Analysis of climate change mitigations by nuclear energy using nonlinear fuzzy set theory

  • Tae Ho Woo;Kyung Bae Jang;Chang Hyun Baek;Jong Du Choi
    • Nuclear Engineering and Technology
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    • 제54권11호
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    • pp.4095-4101
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    • 2022
  • Following the climate-related disasters considered by several efforts, the nuclear capacity needs to double by 2050 compared to 2015. So, it is reasonable to investigate global warming incorporated with the fuzzy set theory for nuclear energy consumption in the aspect of fuzziness and nonlinearity of temperature variations. The complex modeling is proposed for the enhanced assessment of climate change where simulations indicate the degree of influence with the Boolean values between 0.0 and 1.0 in the designed variables. In the case of OIL, there are many 1.0 values between 20th and 60th months in the simulations where there are 10 times more for a 1.0 value in influence. Hence, the temperature variable can give the effective time using this study for 100 months. In the analysis, the 1.0 value in NUCLEAR means the highest influence of the modeling as the temperature increases resulting in global warming. In detail, the first influence happens near the 8th month and then there are four times more influences than effects in the early part of the temperature mitigation. Eventually, in the GLOBAL WARMING, the highest peak is around the 20th month, and then it is stabilized.

하프브리지 DC-DC 컨버터의 순시추종제어 (Instantaneous Following Control of Half-Bridge DC-DC Converter)

  • 라병훈;이현우;김상돈;김광태
    • 전력전자학회:학술대회논문집
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    • 전력전자학회 2003년도 춘계전력전자학술대회 논문집(1)
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    • pp.54-57
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    • 2003
  • A new non linear, mean value, instantaneous following control technique to design half bridge converter is proposed in witch control principle uses characteristic that reset time of analog integrator is inverse proportion In input voltage. It is Important characteristic that compensation and follow-up control time are same with switching frequency. Is completed in one cycle that base control frequency. Have excellence characteristic that follow in order instruction value exactly stationary state as well as transient state. Half bridge converter that apply this control principle can know that have stabilize and excellence characteristic. This technique is verified through an experiment, and know that experiment result and theory agree well.

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응력 제어를 통한 형상 최적화 시스템 개발 (Development of Shape Optimization System using Stress Control)

  • 한석영;배현우
    • 한국생산제조학회지
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    • 제8권3호
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    • pp.52-58
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    • 1999
  • In this study, the growth-strain method was used for shape optimization. The adequate value of growth ratio in the method was used the value obtained by volume control. And the linear PID control theory was applied to control internal stresses by stresses required by a designer. The effect of the values of $K_{P}$, $K_{I}$, and $K_{D}$ was investigated and the adequate values of $K_{P}$, $K_{I}$, and $K_{D}$ were determined empirically. Finally, a shape optimal design system was built up by the improved the growth-strain method with a commercial software I-DEAS. The effectiveness and practicality of the developed shape optimal design system was verified by some examples.les.les.les.

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The Application of Optimal Control Through Fiscal Policy on Indonesian Economy

  • SYAHRINI, Intan;MASBAR, Raja;ALIASUDDIN, Aliasuddin;MUNZIR, Said;HAZMI, Yusri
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.741-750
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    • 2021
  • The budget deficit is closely related to expansionary fiscal policy as a fiscal instrument to encourage economic growth. This study aims to apply optimal control theory in the Keynesian macroeconomic model for the economy, so that optimal growth can be found. Macroeconomic variables include GDP, consumption, investment, exports, imports, and budget deficit as control variables. This study uses secondary data in the form of time series, the time period 1990 to 2018. Performing optimal control will result in optimal fiscal policy. The optimal determination is done through simulation, for the period 2019-2023. The discrete optimal control problem is to minimize the objective function in the form of a quadratic function against the deviation of the state variable and control variable from the target value and the optimal value. Meanwhile, the constraint is Keynes' macroeconomic model. The results showed that the optimal value of macroeconomic variables has a deviation from the target values consisting of: consumption, investment, exports, imports, GDP, and budget deficit. The largest deviation from the average during the simulation occurs in GDP, followed by investment, exports, and the budget deficit. Meanwhile, the lowest average deviation is found in imports.

WALSH함수와 제어이론 (CONTROL THEORY OF WALSH FUNCTIONS-A SURVEY)

  • 안두수;이명규;이해기;이승
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 1991년도 하계학술대회 논문집
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    • pp.657-665
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    • 1991
  • Although orthogonal function is introduced in control theory in early 1970's, it is not perfect. Since the concept of integral operator by Chen and Hsiao in mid 1970's, orthogonal function (for example Walsh, Block-pulse, Haar, Laguerre, Legendre, Chebychev etc) has been widely applied In system's analysis and identification, model reduction, state estimation, optimal control, signal processing, image processing, EEG, and ECG etc. The reason why Walsh Functions introduces in control theory is that as integral of Walsh function is also developed in Walsh orthogonal function, if we transfer give system into integral equation and introduce Walsh function. We can know that system's characteristic by algebraical expression. This approach is based on least square error and that result is expressed as computer calculation and partly continuous constant value which is easy to apply. Such a Walsh function has been actively studied in USA, TAIWAN, INDO, CHINA, EUROPE etc and in domestic, author has studied it for 10 years since it was is introduced in 1982. This paper is consider the that author has studied for 10 years and Walsh function's efficiency.

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건강증진행위, 자아가치감 및 통제위와의 관계연구 (A Study on the Relationship among Health Promotion Activity, Value' Placed on Self, and Locus of Control)

  • 임난영
    • 한국보건간호학회지
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    • 제4권1호
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    • pp.17-23
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    • 1990
  • The purpose of this study were l) to provide information useful in developing an individualized health promotion program, 2) to test the correlations among the level of locus of control, health promotion activities and value placed on self. 3) to assess the factors of health promotion activities and value placed on self. The level of locus of control was measured by Walston/Walston's scales. The levels of health promotion activities and value placed on self were measured by Pender/Pender's scales. The sample consist of 122 female students in a University in Seoul. Their mean ages were 21. The results are summarized as follows; 1. Hypothesis 1 : The higher the score of internal health locus of control, the higher the score of health promotion activities was supported. 2. Hypothesis 2 : The higher the score of value placed on self, the higher the score of health promotion activites was supported. 3. Hypothesis 3 : The higher the score of value placed on self, the higher the score of internal health locus of control was supported. 4. The highest score of the factors of health promotion activities is nutritional practice$(14.976\pm.907)$ and the lowest score is self care$(1l.930\pm1.169).$ In conclusion, several implications for nursing emerge from the theory and research behind the locus of control concept. First, scales to measure locus of control may be useful in evaluating health education programs. Second, it may be adventageous to screen individuals using a health locus of control scale before placement into a treatment program that matches their needs. Third, health professionals may want to train individuals to become more internals appear more likely to engage in positive health behaviors.

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A Study on the Shopping Behavior of Duty Free Shop Users

  • Choi, Yu-Jin;Park, Jin-Woo
    • 유통과학연구
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    • 제16권8호
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    • pp.39-50
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    • 2018
  • Purpose - The ultimate purpose of this research is to analyze the influence of personal disposition on shopping value and behavioral intention by expanding the theory of planned behavior (TPB). Research design, data, and methodology - An attempt was made to examine the effects of personal disposition (reflecting duty-free shop characteristics) on three selective actions of consumers - compulsive buying, variety seeking, and price sensitivity. We conducted a questionnaire survey with the users of airport duty-free shops, downtown duty-free shops (offline), and online duty-free shops. In total, 410 copies of the questionnaire were analyzed using a structural equation model. Results - According to the results, compulsive buying, variety seeking, and price sensitivity significantly affected shopping value. Shopping value and subjective norms both had significant effects on attitude, the major variable in the TPB, and attitude had the greatest effect on behavioral intention, followed by subjective norms and perceived behavioral control in descending order. Conclusions - This study has academic implications in that it extends the existing theories of planned behavior and applies it to consumer characteristics and shopping value. It has practical implications as well in that it provides basic data that can be used to establish concrete marketing strategies for duty-free shop owners targeting segmented markets by closely examining customer desires.

A SURVEY OF STATE ESTIMATION AND APPLICATION FOR ALLOCATION LSP CAPACITY ON MPLS NETWORK

  • Tri Do-Minh;San Nguyen-Ngoc;Jeong You-Hyeon
    • 한국정보통신설비학회:학술대회논문집
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    • 한국정보통신설비학회 2006년도 하계학술대회
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    • pp.145-150
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    • 2006
  • For most of the measuring methods of traditional control theory, measuring equipments are located at the output of the system to measure quantities transformed from non-electrical form into electrical one. This method helps us to define the value of parameters to be measured, but it has limitation because it can only assess the efficiency of a movement process. That means we can not understand the inner kinetics which is the essence of the system. In the modern control theory, states of system are considered as the feedback to the control process, which helps us to assess the elements in the inside of the system. In this paper, we survey methods for estimating states being not exposed to the correct measurements. Using this method, we also suggest an application for giving an estimate of the traffic on the LSPs to adapt the network configuration for changing traffic conditions.

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