• The Transactions of the Korean Institute of Electrical Engineers D
• /
• v.53 no.7
• /
• pp.517-524
• /
• 2004

For real world applications of reinforcement learning techniques, function approximation or generalization will be required to avoid curse of dimensionality. For this, an improved function approximation-based reinforcement teaming method is proposed to speed up convergence by using CA-CMAC(Credit-Assigned Cerebellar Model Articulation Controller). To show that our proposed CACRL(CA-CMAC-based Reinforcement Learning) performs better than the CRL(CMAC- based Reinforcement Learning), computer simulation and experiment results are illustrated, where a swing-up control Problem of an acrobot is considered.

• Proceedings of the KIEE Conference
• /
• 2003.11c
• /
• pp.621-624
• /
• 2003

For real world applications of reinforcement learning techniques, function approximation or generalization will be required to avoid curse of dimensionality. For this, an improved function approximation-based reinforcement learning method is proposed to speed up convergence by using CA-CMAC(Credit-Assigned Cerebellar Model Articulation Controller). To show that our proposed CACRL(CA-CMAC-based Reinforcement Learning) performs better than the CRL(CMAC-based Reinforcement Learning), computer simulation results are illustrated, where a swing-up control problem of an acrobot is considered.

• Journal of the Korea Safety Management & Science
• /
• v.10 no.2
• /
• pp.71-83
• /
• 2008

Most researches on the corporate credit rating are generally classified into the area of bankruptcy prediction and bond rating. The studies on bankruptcy prediction have focused on improving the performance in binary classification problem, since the criterion variable is categorical, bankrupt or non-bankrupt. The other studies on bond rating have predicted the credit ratings, which was already evaluated by bond rating experts. The financial institute, however, should perform effective loan evaluation and risk management by employing the corporate credit rating model, which is able to determine the credit of corporations. Therefore, in this study we present a medium sized corporate credit rating system by using Artificial Neural Network(ANN) and Analytical Hierarchy Process(AHP). Also, we developed AHP model for credit rating using non-financial information. For the purpose of completed credit rating model, we integrated the ANN and AHP model using both financial information and non-financial information. Finally, the credit ratings of each firm are assigned by the proposed method.

• The Journal of Information Systems
• /
• v.16 no.3
• /
• pp.1-20
• /
• 2007

Most researches on the corporate credit rating are generally classified into the area of bankruptcy prediction and bond rating. The studies on bankruptcy prediction have focused on improving the performance in binary classification problem, since the criterion variable is categorical, bankrupt or non-bankrupt. The other studies on bond rating have predicted the credit ratings, which was already evaluated by bond rating experts. The financial institute, however, should perform effective loan evaluation and risk management by employing the corporate credit rating model, which is able to determine the credit of corporations. Therefore, this study presents a corporate credit rating method using business failure probability map(BFPM) and AHP(Analytic Hierarchy Process). The BFPM enables us to rate the credit of corporations according to business failure probability and data distribution or frequency on each credit rating level. Also, we developed AHP model for credit rating using non-financial information. For the purpose of completed credit rating model, we integrated the BFPM and the AHP model using both financial and non-financial information. Finally, the credit ratings of each firm are assigned by our proposed method. This method will be helpful for the loan evaluators of financial institutes to decide more objective and effective credit ratings.

• Journal of Intelligence and Information Systems
• /
• v.29 no.2
• /
• pp.1-22
• /
• 2023

Existing studies on mixed ratings that combine ESG ratings and credit ratings have been rare. Through meta-frontier analysis, this study examines the relationship between the prime and non-prime groups in ESG ratings, credit ratings, and mixed ratings that consider ESG ratings and credit ratings at the same time. Efficiency was compared. Meta-frontier analysis was used to compare the efficiency of 143 listed manufacturing companies in Korea between the prime and non-prime groups based on the ESG ratings assigned to them by KCGS and the credit ratings assigned by Korea's three major credit rating agencies. As a result of this study, first, the meta-efficiency of the prime mixed-grade group was statistically more efficient than the non-prime mixed-grade group under the variable return scale (VRS) assumption. Second, the prime ESG rating group had a relatively higher proportion of scale inefficiency than the non-prime ESG rating group. Third, in terms of economies of scale, the prime credit rating group had a higher proportion of diminishing returns to scale (DRS) than the non-prime credit rating group. This study will help companies interested in sustainability management to do ESG management.

• Journal of Families and Better Life
• /
• v.21 no.1
• /
• pp.61-72
• /
• 2003

This study examines the problematic fact that most housewives are excluded from receiving the benefits of the National Pension Plan in South Korea. The National Pension Plan assigns no value to housework or household production, which in turn discourages full-time housewives from participating voluntarily in the Plan. In this article, I propose to utilize Credit Splitting and Pension Sharing in order to take into account full-time housewives' economic contribution in the National Pension Plan. In this article, I also discuss the ranges and application methods of the Credit Splitting and Pension Sharing. For this study, I have analyzed the data of 11,967 unemployed married women living with spouses published in“Research Data on Everyday Life Time Usage”by the Korea National Statistical Office in 1999. The value of the full-time housewives' labor varies depending on the methods of estimation. However, all estimated values exceed the average value assigned to the housewives by the National Pension Corporation. It is clear that full-time housewives' unpaid labor contributes a great deal to the formation of household property and wealth, which is a valid reason for Pension Sharing and Credit Splitting. This article also provides logical factors to consider in the process of Pension Sharing and Credit Splitting, which can be used for developing computerized software to determine a full-time housewives' labor value at the time of divorce or for any other purpose.

• The Korean Journal of Applied Statistics
• /
• v.25 no.2
• /
• pp.261-267
• /
• 2012

In constructing a credit scorecard, each characteristic variable is divided into a few attributes; subsequently, weights are assigned to those attributes in a process called coarse classification. While partitioning a characteristic variable into attributes, one should determine appropriate cutpoints for the partition. In this paper, we propose a cutpoint selection method via penalization. In addition, we compare the performances of the proposed method with classification spline machine (Koo et al., 2009) on both simulated and real credit data.

• The Journal of Asian Finance, Economics and Business
• /
• v.5 no.4
• /
• pp.9-20
• /
• 2018

Global rating agencies, such as Moody's and S&P, have assigned credit ratings to corporate bonds issued by Japanese firms since 1980s. Local Japanese rating agencies, such as R&I and JCR, have more market share than the global raters. We examine the yield spreads of 1,050 yen-denominated corporate bonds issued by financial firms in Japan from 1998 to 2014 and find no evidence that bonds rated by at least one global agency are associated with a significant reduction in the cost of debt as compared to those rated by only local rating agencies. Unlike non-financial firms, the reputation effect of global rating agencies does not exist for Japanese financial firms. We also observe that firms with less information asymmetry are more likely to acquire ratings from Moody's or S&P. Additionally, the firm's financial profile does not affect its choice to seek out ratings from global raters. Our findings are contradictory to those by Han, Pagano, and Shin (2012), who employ bonds issued by non-financial firms in Japan. Our conjecture is that the asymmetric nature of financial firms makes investors less likely to depend on a credit risk assessment by rating agencies in determining the yields of new bonds.

• Journal of East-West Nursing Research
• /
• v.5 no.1
• /
• pp.114-119
• /
• 2000

This paper reviews the curriculums on the nursing in oriental medicine currently provided by Korean nursing education institutes. As of October 2000, 14 of 48 four-year-system and 40 of 65 three-years system nursing schools provide the various academic courses and programs titled with the nursing care in oriental medicine. Depending on schools, the credit assigned to these courses and programs vary widely ranged from 1 to 8 units. Even in some schools the courses are offered not as a regular credit course but as a part of other courses on time sharing base. It is absolutely insufficient efforts in promoting education on the nursing in oriental medicine. The oriental medicine is basically based on the principles that the most critical factor in promoting health and preventing disease is the process for improving the condition of both physical and mental part of patients. In this context it seems to be an valuable attempt to apply the principles of oriental medicine to the field of nursing care, and to develop the new methods. It is because promoting health, preventing disease, recovering health, alleviating pains are the basic responsibilities of nursing care. The national health policies have been increasingly emphasizing low-cost and high-efficiency just as in economic policies. In terms of cost-effectiveness nursing education in oriental medicine seems to be evaluated as good enough to satisfy these efficiency requirements. As a initial step for promoting and specializing the nursing education in oriental medicine it is absolutely needed to introduce and expand the curriculum on this new field. Increasing concerns about the oriental medicine as the third medical care is the world wide phenomenon now. Considering this trend, current insufficient curriculum on nursing in oriental medicine in education institutes, especially in four-year system nursing school, might be an undesirable phenomenon for future development of nursing education in Korea. In-depth studies about this issue are seriously needed.

• Journal of dental hygiene science
• /
• v.7 no.3
• /
• pp.153-159
• /
• 2007

To investigate requirements for the process of credit bank system in life-long education institutions attached to colleges, this research was conducted with seniors at the departments of dental hygiene and dental laboratory technology, in the health line of the specific College from March 26 to April 15, 2007, followed by analysis using an SPSS/WIN 12.0 program, obtaining the following results. 1. 89.7% of the respondents had a plan to take a bachelor's degree and 56.1% of whom had such a plan for the purpose of personal development (p<0.05). 2. 73.5% of the respondents preferred the credit bank system in a lifelong education institution attached to a college to take a bachelor's degree. 3. 34.8% presented the greatest advantage of taking a bachelor's degree through the credit bank system that they could take a degree in a short period of time while 33.8% presented the most serious disadvantage that they might low social recognition. 4. As for requirements for the process of operating the credit bank system, 80.3% regarded required subjects for the major as appropriate basic ones. 79.9% regarded it as proper that filling more than 20 credits made it possible to take a degree. 5. As directions for improving the system, it was found that the students was thinking that strict academic record management is needed, and the degrees from the system must be recognized equally to those in regular colleges, social awareness in those degrees should be enhanced, and also credits assigned to cultural subjects should be reduced, and the limitation in the number of credits being able to be obtained in one center should be removed.