• The Korean Journal of Financial Management
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• v.25 no.2
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• pp.69-101
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• 2008

We empirically investigate the option leverage property that should be priced under much more general conditions than the Black-Scholes assumptions and the option redundancy property that is based on the assumption that the underlying asset price follows a one-dimensional diffusion process and examine the systematic risk factors implied in the return dynamics of KOSPI 200 index options. We find that the option leverage pattern is similar to the theoretical result but the options are not redundant securities and in the nonlinear structure of option payoffs, the traders of KOSPI 200 index options price the systematic higher-moments and the negative volatility risk premium significantly affects delta-hedged gains, even after accounting for jump fears. But the empirical evidence on jump risk preference is less conclusive.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.11 no.8
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• pp.2793-2800
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• 2010

In this paper, we propose a quadratic (nonlinear) regression model that forecasts daily demands of electric power in summer. For cost-effective production (and/or procurement) of electric power, forecasting demands of electric power with accuracy is important, especially in summer when temperature is high. In the literature, temperature and daily demands of preceding days are typically employed to construct forecasting models. While, we consider another factor, day of the week, together with temperature and daily demands of preceding days. For validating the proposed model, we demonstrate the forecasting accuracy in terms of MAPE(Mean Absolute Percentage Error) and MPE(Maximum Percentage Error) using field data from KEPCO(Korea Electric Power Corporation) in comparison with two forecasting models in the literature. When compared with the two benchmarks, the proposed forecasting model performs far better providing MAPE and MPE not exceeding 3.08% and 8.99%, respectively, in summer from 2005 to 2009.

• Journal of the Korea Society of Computer and Information
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• v.15 no.12
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• pp.163-173
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• 2010

PKI(Public Key Infrastructure)-based information certification technology has some limitations to be universally applied to mobile banking services, using smart phones, since PKI is dependent on the specific kind of web browser, Internet Explorer. OTP(One Time Password) is considered to be a substitute or complementary service of PKI, but it still shows low acceptance rate. Therefore, in this research, we analyze why OTP has not been very popular, and provide useful implications of making OTP more extensively and frequently used in the mobile environment. Perceived security of OTP was set as a higher-order construct of integrity, confidentiality, authentication, and non-repudiation. Research findings show that security awareness and perceived security of OTP is positively associated, and the relationship between perceived security and trust on OTP is statistically significant. Also, trust is positively related to intention to use OTP continuously.

• Journal of the Economic Geographical Society of Korea
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• v.7 no.2
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• pp.203-225
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• 2004

The purpose of this paper analyzes the characteristics of economic space in Gyeonggi border regions. Especially, this study focuses on understanding the environment enveloped the enterprises because today, largely influenced factor for regional economic development is enterprises. Since 1990's the change of the spacial organization in Korean Capital region has been inducing the functional transformation in Gyeonggi border regions so that new function -beyond military functions- is developed in these regions. By the disindustrialization in core region contributed to the industrialization in periphery, border regions are developed as a concentrated space of traditional industries and small size manufactural firms. The most important pull factor is facility for obtain a factory site and favorable condition of land price. Globally, the reasons to locate enterprise in these regions are found not in positive and progressive strategies but in passive and defensive strategies. Therefore few enterprise carried about influences of economic cooperation between North and South Korea at the moment of decision of their site. The survey reveal that enterprises didn't highly estimate the environment in border regions as their business activities. The first dissatisfied condition is insufficiency of labour and difficulty of access for administrative and high level services, due to geographical separation. Considering the recent tendency of spacial reorganization in Capital region is not always good for border regions, border regions have to employ a policy with the object of ameliorating regional business environments and growing up a potentiality of endogenous development.

• Journal of Digital Convergence
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• v.13 no.9
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• pp.209-218
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• 2015

Computer simulation plays an important role for a theoretical foundation in convergence technology and the interpolation is to know the unknown values from known values on grid points. Therefore it is an important problem to select an interpolation method for digital simulation. The aim of this paper is to compare analysis of interpolation methods for digital simulation. we test six different interpolation methods namely: Quartic-Lagrangian, Cubic Spline, Fourier, Hermit, PWENO and SL-WENO. Through digital simulation of a linear advection equation, we analyse pros and cons for each method. In order to compare performance, we introduce accuracy computing and Error functions. The accuracy computing is used well-known $L^1-norm$ and the Error functions are dispersion function, dissipation function and total error function. High-order methods well apply to computer simulation, unfortunately, side-effects (Oscillation) happen.

• Journal of the Korean Institute of Telematics and Electronics
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• v.27 no.11
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• pp.9-19
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• 1990

A theoretical analysis and measurement technique to determine the complex permittivity and permeability of cylindrical and ring type dielectric resonators is given. The resonant frequency, unloaded quality factor and physical dimensions of dielectric resonator placed between two parallel conducting plates are used to evaluate the complex permittivity and permeability. This process is repeated for other higher-order modes to expand the evaluation at higher resonant frequencies. The nature of each mode is identified by measuring the variations of field strength along the azimuthal and longitudinal direction. An error analysis taking into account various error sources reveals that $TE_{0np}$ or quasi-TE modes yield the least amount of measurement error, which is less than $0.5{\%}$for the real part, $4{\%}$for the imaginary part of complex permittivity.

• Science of Emotion and Sensibility
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• v.15 no.1
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• pp.149-160
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• 2012

The relative effects of individual differences in cultural orientation (individualism vs. collectivism) and locus of control (LOC: internal vs. external control beliefs) combination types on global/local processing were compared by manipulating the compound stimulus types (arrows or letters), and the stimulus-stimulus congruence. The results can be summarized as followings. First, consistent with previous research on global/local processing of the compound stimuli, reaction time (RT) for global stimuli than for local stimuli, and that in the stimulus-stimulus congruent condition than in the stimulus-stimulus incongruent condition was faster. Second, faster RT was found in the compound arrows condition than in the compound letters. Third, individual difference in LOC, rather than that in the cultural orientations, appeared to be related to global precedence effect, when the compound letters were presented. These results indicated that the individual's LOC rather than cultural orientation can increase the size of the global precedence effect, which might be involved in the stage of cognitive analysis than that of feature detection.

• Cross-Cultural Studies
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• v.44
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• pp.411-430
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• 2016

One of central issues in the Literature and Science discourses during the Victorian era is the relation of physiology to psychology. Many thinkers tackle the question of whether or not psychic phenomena can be reducible to their physiological bases. For instance, Victorian physiologist William Benjamin Carpenter claims that there should be a boundary between physiological and psychological qualities. Yet, his contemporary writer Grant Allen contends for the reduction of psychology into physiology. In the essay, I discuss Grant Allen's work Physiological Aesthetics (1877) so as to eventually problematize his physiological reductionism. I especially highlight the paradox of his physiological aesthetics. In order to clarify my argument, I introduce two concepts: evolutionary aesthetics and physiological reductionism. On the one hand, Allen argues for the development of aesthetic appreciation. The gradual evolution from gaudy to serene colors, for instance, reflects the fine differentiation of sensory organs. He believes that the existence of varied aesthetic pleasures corresponds to the evolution of sensory nerve structures. Nonetheless, Allen ironically gives more weight to the commonality of aesthetic experiences than to this teleological ordering of aesthetic experiences. He argues that there is no fundamental difference among humans in terms of their aesthetic assessments. Furthermore, there is even no essential distinction among plants, animals, and humans in light of their aesthetic appraisals, he states firmly. Although he asserts the gradual advance of aesthetic feelings caused by the intricacy of nervous systems, he simultaneously trivializes the evolution of aesthetic appraisal. In the essay, I highlight this paradox in Allen's physiological aesthetics. It should be underscored, lamentably enough, that Allen seeks biological purity by erasing fine lines among physiology, psychology, and sociality. He estranges aesthetic experiences from subjective variations and their socio-cultural contexts. He makes great efforts to eliminate individual differences and socio-cultural specificities in order to extremely biologize aesthetic experiences. Hence, Allen's physiological aesthetics is marked as the politics of physiological purification.

• Journal of the Korean association of regional geographers
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• v.10 no.2
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• pp.252-266
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• 2004

This study analyzes the influence of the construction of a high-speed railroad on territorial organization in France. After development of a new transportation network, the French territorial organization has been largely modified. Many economic urban areas are modified by their position in the territorial hierarchy according to their condition of connection with the TGV network. At first, spatial convergence is the most important effect of the TGV network construction. Second, the development of a transportation network concentrated in the Paris area has influence as an intensified factor on metropolitan areas and as a weakening factor on middle- and small-sized cities. Thus, this system has risk in increasing territorial imbalance in France. Third, to implant an economic activity zone around new TGV stations, a new town or a new economic center starts to develop. This is going to grow into a second core outside of the old city center so that regional spatial organization is transformed from a mono-polarized(mono-centric) organization to a multi-polarized(polycentric) one. Lastly, the integration of the EU railroad system enhances the concentration of economic activity in European metropolitan areas as each metropolitan area tries to develop more competitive space for its rising position in the global urban hierarchical system.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.8 no.2
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• pp.161-172
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• 1997

In this paper, electromagnetic scattering by a perfectly conducting strip grating on dielectric multilayers is analyzed for the normalized reflected and transmitted power by applying the Fourier-Galeakin moment method. The induced current density is expanded in a series of multiplication of chebyshev polynomials of the first kind and functions with appropriate edge boundary condition, the continuous condition of electromagnetic field is applied in the boundary planes. The confirm the validity of the proposed method, the nor- malized reflected and transmitted power obtained by varying the relative permittivity and thickness of each dielectric layers are evaluated and compared with those of the existing numerical method and a paper, and then the numerical results in this paper are in good agreement with those of the existing numerical method and the paper. The sharp variation position in the geometrically normalized reflected and transmitted power can be moved by the incident angle, grating period, and the relative permittivity and thickness of the dielectric multilayers, these sharp variation points which are called the Wood's anomaly of the Geome- trically normalized reflected power are observed as a main factor when the reflected powers of the higher order mode are transitted between propagating and evanescent modes, and the local minimum positions are slightly moved to the left hand direction in which grating period is getting small according to the increase of the relative permittivity of dielectric layers.