• Title/Summary/Keyword: variance structure

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The Effect of International Capital Flows on Corporate Capital Structures: Empirical Evidence from Vietnam

  • TRAN, Tung Van;HOANG, Tri M.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.263-276
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    • 2021
  • This study examines the effect of international capital flows on corporate capital structures in Vietnam by analyzing panel data from all non-financial listed firms from 2005 to 2014 using pooled ordinary least square (OLS) with a variance estimator. The analysis includes a comparison of the signs and significance of the variable coefficients from the perking order and static trade-off theories to the empirical results to determine the optimum approach to the corporate capital structure given Vietnam's high-inflation environment. The results indicate that international capital flows have a positive relation to the debt ratio in the long term, and the relationship is more robust for 2005-2009 than for 2010-2014. Corporate capital structures adjusted to changes in the business environment in different sub-periods (2005-2009 and 2010-2014). When the economic environment became more favorable, the pecking order theory's predictive power increased, and that of trade-off theory lessened. Manufacturing and non-manufacturing firms required different capital structure decisions to fuel their operations and grow under foreign competition. The analysis demonstrates that firms should intensify their use of long-term debt relative to the availability of capital, which is an implication not only for firms in particular but also for industrial innovation overall.

Evaluation on Structure Design Sensitivity and Meta-modeling of Passive Type DSF for Offshore Plant Float-over Installation Based on Orthogonal Array Experimental Method (직교배열실험 방법 기반 해양플랜트 플로트오버 설치 공법용 수동형 DSF의 구조설계 민감도와 메타모델링 평가)

  • Lee, Dong-Jun;Song, Chang Yong
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.20 no.5
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    • pp.85-95
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    • 2021
  • Structure design sensitivity was evaluated using the orthogonal array experimental method for passive-type deck support frame (DSF) developed for float-over installation of the offshore plant. Moreover, approximation characteristics were also reviewed based on various meta-models. The minimum weight design of the DSF is significantly important for securing both maneuvering performance and buoyancy of a ship equipped with the DSF and guaranteeing structural design safety. The performance strength of the passive type DSF was evaluated through structure analysis based on the finite element method. The thickness of main structure members was applied to design factors, and output responses were considered structure weight and strength performances. Quantitative effects on the output responses for each design factor were evaluated using the orthogonal array experimental method and analysis of variance. The optimum design case was also identified from the orthogonal array experiment results. Various meta-models, such as Chebyshev orthogonal polynomial, Kriging, response surface method, and radial basis function-based neural network, were generated from the orthogonal array experiment results. The results of the orthogonal array experiment were validated using the meta-modeling results. It was found that the radial basis function-based neural network among the meta-models could approximate the design space of the passive type DSF with the highest accuracy.

Development of Traffic Conflict Technique with Fuzzy Reasoning Theory (퍼지추론을 적용한 교통상충기법(TCT) 개발)

  • ;;;今田寬典
    • Journal of Korean Society of Transportation
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    • v.20 no.1
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    • pp.55-63
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    • 2002
  • It has been known well that Traffic Conflict Technique(TCT) used to evaluate the safety of intersections in the case of shortage of traffic accidents data and surveying time. Because data for using in traffic conflict technique that is collected by trained surveyors, it is rely on the knowledge, experience and the characteristics of them. The data of surveying generate varying result. So, its variance must minimize and then it is considered of calculating in traffic conflict technique however obviously technique to minimize has not developed until now. So, this paper has a focus on the technical method to minimize the variance. For this, it applied the fuzzy reasoning theory to the existed traffic conflict technique that is the most comprehensive method in the country and then developed the new traffic conflict technique model. Fuzzy reasoning theory is a very appropriate method for minimizing the variance among surveyors because it can systematically calculate the uncertainty of surveyors by approximation reasoning structure. The result of analysis from pilot study, the new Procedure in this Paper minimized the variance by 53 Percentiles and it increased the value of conversion factor two times than the exited traffic conflict technique. The method proposed in this paper, it can be used for evaluating the safety of intersection, and before and after analysis of improving Project of black spots.

Exploratory and Confirmatory Factor Analysis of the Korean version of the Penn State Worry Questionnaire (한글판 펜실베니아 걱정 질문지의 탐색적 및 확인적 요인 분석)

  • Jeon, Jun Won;Kim, Daeho;Kim, Eunkyung;Roh, Sungwon
    • Anxiety and mood
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    • v.13 no.2
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    • pp.86-92
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    • 2017
  • Objective : This study evaluated the factor structure of a Korean version of the Penn State Worry Questionnaire (K-PSWQ) with exploratory factor analysis in healthy adult subjects, and confirmatory factor analysis of subjects who have received psychiatric treatment. Methods : Exploratory principal component analysis was conducted with data from 318 non-psychiatric subjects, and 118 psychiatric patients were subjected to confirmatory factor analysis (maximum likelihood estimation). Participants were voluntary visitors at the booth who agreed to undergo screening for anxiety disorder at 2013 & 2014 Korea Mental Health Exhibitions. Results : Exploratory analysis revealed a two factor structure of the scale with total variance of 56.3%. Factor 1 was considered 'Worry engagement', and factor 2 was considered 'Absence of worry'. However, the results of the confirmatory factor analysis supported that both one factor model with method factor and two factor model are fit to structure of the scale considering fit indices. Internal consistency of total questions was good (Cronbach's ${\alpha}=0.899$). Conclusion : Our results supported the previously suggested factor structure of the PSWQ, and proved factorial validity of the K-PSWQ in both populations.

A study on the nonvolatile memory characteristics of MNOS structures with double nitride layer (2층 질하막 MNOS구조의 비휘발성 기억특성에 관한 연구)

  • 이형욱
    • Electrical & Electronic Materials
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    • v.9 no.8
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    • pp.789-798
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    • 1996
  • The double nitride layer Metal Nitride Oxide Semiconductor(MNOS) structures were fabricated by variating both gas ratio and nitride thickness, and by duplicating nitride deposited and one nitride layer MNOS structure to improve nonvolatile memory characteristics of MNOS structures by Low Pressure Chemical Vapor Deposition(LPCVD) method. The nonvolatile memory characteristics of write-in, erase, memory retention and degradation of Bias Temperature Stress(BTS) were investigated by the homemade automatic .DELTA. $V_{FB}$ measuring system. In the trap density double nitride layer structures were higher by 0.85*10$^{16}$ $m^{-2}$ than one nitride layer structure, and the AVFB with oxide field was linearly increased. However, one nitride layer structure was linearly increased and saturated above 9.07*10$^{8}$ V/m in oxide field. In the erase behavior, the hole injection from silicon instead of the trapped electron emission was observed, and also it was highly dependent upon the pulse amplitude and the pulse width. In the memory retentivity, double nitrite layer structures were superior to one nitride layer structure, and the decay rate of the trapped electron with increasing temperature was low. At increasing the number on BTS, the variance of AVFB of the double nitride layer structures was smaller than that of one nitride layer structure, and the trapped electron retention rate was high. In this paper, the double nitride layer structures were turned out to be useful in improving the nonvolatile memory characteristics.

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Shape Extraction of Near Target Using Opening Operator with Adaptive Structure Element in Infrared hnages (적응적 구조요소를 이용한 열림 연산자에 의한 적외선 영상표적 추출)

  • Kwon, Hyuk-Ju;Bae, Tae-Wuk;Kim, Byoung-Ik;Lee, Sung-Hak;Kim, Young-Choon;Ahn, Sang-Ho;Sohng, Kyu-Ik
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.36 no.9C
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    • pp.546-554
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    • 2011
  • Near targets in the infrared (IR) images have the steady feature for inner region and the transient feature for the boundary region. Based on these features, this paper proposes a new method to extract the fine target shape of near targets in the IR images. First, we detect the boundary region of the candidate targets using the local variance weighted information entropy (WIE) of the original images. And then, a coarse target region can be estimated based on the labeling of the boundary region. For the coarse target region, we use the opening filter with an adaptive structure element to extract the fine target shape. The decision of the adaptive structure element size is optimized for the width information of target boundary by calculating the average WIE in the enlarged windows. The experimental results show that a proposed method has better extraction performance than the previous threshold algorithms.

Semi Variance Measurement on Tunnel using 3D Laser Scanning (3차원 레이저 측량기를 이용한 터널 변위 관측)

  • Lee, Jae-One;Kim, Yong-Suk;Song, Youn-Kyung
    • Journal of the Korean Geophysical Society
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    • v.10 no.1
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    • pp.27-35
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    • 2007
  • There are many risks in constructing tunnel-structure. To prevent these risks from occurring and secure safety, the precise and rapid survey of inside displacement of the tunnel is required. But nowadays the measurement of the crown settlement, convergency, and surface settlement depends on general kinds of method which use total station or level. In the way to provide data about maintaining structure according to recent improvement and progress of measuring technology, 3D laser scanning is used. It solves the problem of reliability in measuring displacement of existing structure, provides material that enables to estimate shape change of structure visually, and makes it possible to deliberate speedy countermeasure. By this three dimensioning it is possible to make efficient use of structure maintenance and field measurement.

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Developing the Vulnerability Factor Structure Affecting Injuries and Health Problems Among Migrant Seafood Processing Industry Workers

  • Jiaranai, Itchaya;Sansakorn, Preeda;Mahaboon, Junjira
    • Safety and Health at Work
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    • v.13 no.2
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    • pp.170-179
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    • 2022
  • Background: The vulnerability of international migrant workers is on the rise, affecting the frequency of occupational accidents at workplaces worldwide. If migrant workers are managed in the same way as native workers, the consequences on safety assurance and risk management will be significant. This study aimed to develop the vulnerability factor model for migrant workers in seafood processing industries because of significant risk-laden labor of Thailand, which could be a solution to control the risk effectively. Methods: A total of 569 migrant workers were surveyed (432 Burmese and 137 Cambodian), beginning with 40 initial vulnerability factors identified in the questionnaire established from experts. The data were analyzed through descriptive analysis; exploratory factor analysis (EFA) and confirmatory factor analysis (CFA) were used to ascertain the model. Results: The result of content validity >0.67 and the Cronbach's alpha of 0.957 specified the high reliability of 40 factors. The EFA indicated a total variance of 65.49%. The final CFA validated the model and had an empirical fitting; chi-square = 85.34, Adjust Goodness-of-Fit Index = 0.96, and root mean square error of approximation = 0.016. The structure concluded with three dimensions and 18 factors. Dimension 1 of the structure, "multicultural safety operation," contained 12 factors; Dimension 2, "wellbeing," contained four factors; and Dimension 3, "communication technology," contained two factors. Conclusion: The vulnerability factor structure developed in this study included three dimensions and 18 factors that were significantly empirical. The knowledge enhanced safety management in the context of vulnerability factor structure for migrant workers at the workplace.

Genetic Variation and Population Structure of the Slender Bitterling Acheilognathus lanceolatus of Korea and Japan as Assessed by Amplified Fragment Length Polymorphism (AFLP) Analysis (AFLP 분석에 의한 한국과 일본의 납자루 Acheilognathus lanceolatus의 유전 변이와 집단 구조)

  • Yun, Young-Eun;Kim, Chi-Hong;Kim, Keun-Yong;Ishinabe, Toshihiro;Bang, In-Chul
    • Korean Journal of Ichthyology
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    • v.22 no.2
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    • pp.115-120
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    • 2010
  • Genetic variation and population structure of the slender bitterling Acheilognathus lanceolatus of Korea (the Han, Geum, Dongjin, Seomjin and Nakdong Rivers) and Japan (the Katsura River) were assessed by amplified fragment length polymorphism (AFLP) analysis. Five combinations of selective primers generated 345~374 DNA fragments, of which 55~131 were polymorphic. The Nakdong River population had the highest genetic diversity and the Han River population had the lowest genetic diversity. Dendrogram based on the distance matrix revealed that individuals from each population consistently clustered together and bifurcated into two distinct clades (or population groups) composed of the Han, Geum, Dongjin and Seomjin River populations and of the Nakdong and Katsura River populations, supported with high bootstrap values. The pairwise genetic differentiation ($F_{ST}$) estimates showed that the six populations were genetically well differentiated (P<0.01). The analysis of molecular variance (AMOVA) after partitioning the six populations into two population groups revealed very strong biogeographic structuring between them with 25.49% of total variance (P<0.01). Taken together, the AFLP markers clearly divided six A. lanceolatus populations into two population groups.

The Establishment of an Activity-Based EVM - PMIS Integration Model (액티비티 기반의 EVM - PMIS 통합모델 구축)

  • Na, Kwang-Tae;Kang, Byeung-Hee
    • Journal of the Korea Institute of Building Construction
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    • v.10 no.1
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    • pp.199-212
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    • 2010
  • To establish an infrastructure for technology and information in the domestic construction industry, several construction regulations pertaining to construction information have been institutionalized. However, there are major problems with the domestic information classification system, earned value management (EVM) and project management information system (PMIS). In particular, the functions of the current PMIS have consisted of a builder-oriented system, and as EVM is not applied to PMIS, the functions of reporting, analysis and forecast for owners are lacking. Moreover, owners cannot confirm information on construction schedule and cost in real time due to the differences between the EVM and PMIS operation systems. The purpose of this study is to provide a framework that is capable of operating PMIS efficiently under an e-business environment, by providing a proposal on how to establish a work breakdown structure (WBS) and an EVM - PMIS integration model, so that PMIS may provide the function of EVM, and stakeholders may have all information in common. At the core of EVM - PMIS integration is the idea that EVM and PMIS have the same operation system, in order to be an activity-based system. The principle of the integration is data integration, in which the information field of an activity is connected with the field of a relational database table consisting of sub-modules for the schedule and cost management function of PMIS using a relational database management system. Therefore, the planned value (PV), cost value (CV), actual cost (AC), schedule variance (SV), schedule performance index (SPI), cost variance (CV) and cost performance index (CPI) of an activity are connected with the field of the relational database table for the schedule and cost sub-modules of PMIS.