• Journal of Korea Technology Innovation Society
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• v.9 no.1
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• pp.84-102
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• 2006

This paper compares four models to value a biotechnology R&D project; option tree model, dynamic discounted cash flow(DCF) model, and option thinking DCF model with general DCF model. Real Options, especially 6-folded option tree model yields boner estimate of value than values using other methods. According to sensitivity analysis, sales of final products, number of investigational new drug developments(INDs) and success rates of each stage are key factors for the value of biotechnology R&D investment.

• Proceedings of the Korea Concrete Institute Conference
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• 2009.05a
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• pp.63-64
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• 2009

In this study, full-scaled RC beams were tested to evaluate the effects of replacement level of recycled aggregate on shear behavior of RC beams.

• Environmental and Resource Economics Review
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• v.29 no.2
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• pp.145-170
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• 2020

This study analyzes the dependence structure between energy (crude oil, natural gas, coal) prices and economic (real and financial) uncertainty. Summary of the results of the dependence structure between energy prices and economic uncertainty analysis is as follows. First, the results of model selection show that the BB7 copula model for the pair of crude oil price and economic uncertainty, the Joe copula model for the pair of natural gas price and economic uncertainty, and the Clayton copula model for the pair of coal price and economic uncertainty were chosen. Second, looking at the dependency structure, it showed that the pair of energy (crude oil, natural gas, coal) prices and real market uncertainty show positive dependence. Whereas, the only pair of financial market uncertainty-crude oil price shows positive dependency. In particular, crude oil price was found to have the greatest dependence on economic uncertainty. Third, looking at the results of tail dependency, the pair of real market uncertainty-crude oil price and pair of real market uncertainty-natural gas price have an asymmetric relationship with the upper tail dependency. It can be seen that the only pair of financial market uncertainty-crude oil represents asymmetric relationships with the upper tail dependencies. In other words, combinations with asymmetric relationships have shown strong dependence when negative extreme events occur. On the other hand, tail dependence between economic uncertainty and coal price be not found.

• Proceedings of the Korea Contents Association Conference
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• 2009.05a
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• pp.383-389
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• 2009

For teaching Advertisement Drawings practically, knowledge of Outdoor Advertisement Practice must be ahead of drawing practices. For understanding and practicing of various materials, treatments, manufacturing process and arrangement on drawings, it is desirable understanding outdoor manufacturing process, and making use of a mock-up. Actually, technical books about outdoor advertisement are very insufficient. As a teaching media based on the actual field for advertisement drawings, snapshots of the field and actual process and a mock-up of a signboard was prepared for practical application.

• Journal of Korea Port Economic Association
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• v.30 no.2
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• pp.77-92
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• 2014

The focus of this study is to analyse dynamic relationship among BDI(Baltic Dry-bulk Index, hereafter BDI), forex market and industrial production using monthly data from 2003-2013. Specifically, we have focused on the investigations how monetary and real variable affect shipping industry during recession period. To compare performance between general VAR and Bayesian VAR we first examine DAG(Directed Acyclic Graph) to clarify causality among the variables and then employ MSFE(mean squared forecast error). The overall estimated results from impulse-response analysis imply that BDI has been strongly affected by other shock, such as forex market and industrial production in Bayesian VAR. In particular, Bayesian VAR show better performance than general VAR in forecasting.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.5
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• pp.1741-1751
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• 2013

The main purpose of this study is to investigate the static behavior of a prestressed concrete (PSC) girder using pre-tension method. A 30m long full-scale pretension PSC girder is fabricated by the portable fabrication system and tested. All results have been compared to those obtained from F.E.A results. Deflections at the middle of girders have been measured for evaluation. Also, strains of concrete at the middle of span have been measured. From the results of experimental, the load when initial crack was developed was obtained to be 1.75 time the unfactered design load in the full-scale girder specimen. Also, the data of specimen are satisfied the desgin requirements of ductility on the Korea Bridge Design Specification(2010). In service state, the vertical deflection at center of test specimen when a initial crack was developed is satisfied the vertical deflection requirement under live load of the Korea Bridge Design Specification(2010). To verify the experimental results, we numerical analyze the test and confirmed that the data were similar with results from the test above. The pretension girder fabricated in site were found to have enough strength for safety under and after construction.

• Journal of Korea Game Society
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• v.14 no.4
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• pp.67-74
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• 2014

Real options valuation models are now proved as a effective valuation method both in Theoretically and empirically. However, to use real options model for early stage start-ups, additional non-financial information is crucial in the valuation process. Previous studies theoretically suggested the modified real options valuation model and process to use non-financial information in the valuation of early stage startups, but there is no empirical evidence on the suggested model. Therefore, this study investigated the effectiveness of the modified real options valuation model using a case study. The case study result showed that the modified real options valuation effectively reflect the non-financial information in early stage startups, and decrease the forecasting error in the valuation process.

• Magazine of the Korea Concrete Institute
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• v.4 no.3
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• pp.123-134
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• 1992

본연구는 실물크기의 프리캐스트 콘크리트 판구조물의 부분구조체를 모형화하여 실험한 결과를 분석한 것이다. 구조물의 역학적 특성과 파괴성상을 파악하기 위한 구조실험은 실물크기의 구조물과 부재로써 실시하는 것이 가장 좋은 방법이지만, 이것은 치수가 크므로 공간적으로 제한을 받고 많은 시간과 비용을 필요로 하기 때문에 모형실험을 이용하게 된다. 이러한 모형실험을 최소한의 오차범위내에서 원형실험과 같은 재현하고 예측하도록 실험을 준비하는 데에는 상사법칙이 필요하게 된다. 모형은 무엇보다도 원형과의 응력-변형도 관계 등 구성재료에 대한 상사요구조건을 만족시키는 것이 중요하지만, 본 연구의 대상은 1/3축척으로써 기하학적인 요소와 사용재료에 대한 강도의 상사성만을 고려한 모형이다. 본 연구에서는 이러한 모형구조물의 거동을 원형실험결과와 비교하여 상사성 확보의 문제와 가능성을 조사하였다.

• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.753-773
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• 2005

This paper is a study of the investment dynamics focusing on crude oil supply by OPEC and non-OPEC. Oil supply capacity is first determined by a leader, OPEC, and by an aggregate that represents non-OPEC producers. OPEC wants to increase a gain from oil price increase while keeping its market share relative to non-OPEC's share. An investment rule model is developed for OPEC crude oil supply capacity in response to non-OPEC's decision. In presence of oil price uncertainty, oil price threshold is derived above which it is optimal for OPEC to expand oil supply capacity since otherwise the increased supply of non-OPEC results in weakening of OPEC market share in the world oil market. In addition, a lower threshold price is derived below which OPEC triggers a capacity reduction to regain its otherwise forgone profits. A simulation is provided for calculating the capacity expansion and reduction thresholds.

• Proceedings of the KIEE Conference
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• 2001.11c
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• pp.172-175
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• 2001

쾌속조형기술은 제품 설계나 기타 물체의 형상 데이터로부터 광경화성 수지, 금속 등 다양한 재료를 이용하여 수 시간 내에 실물 모형을 제작할 수 있는 기술이다. 쾌속조형기술은 주로 자동차나 제품의 모형제작에 주로 사용되어 왔다. 사이버메드에서는 인체에 대한 3차원 형상화 기술과 쾌속조형기술을 이용하여 개인별로 상이한 인체 골격에 대한 비교적 저렴한 비용으로 실물 모형을 제작할 수 있는 기술을 개발하여, 국내 및 일본의 병원에서 수술 계획 및 모형 수술에 직접 적용하고 있다. 이 논문은 쾌속 조형 기술, 인체의 3차원 형상화 기술의 개요와 그 동향, 그리고 이를 결합한 수술용 인체 골격모형의 제작 기술과 적용 사례에 대해서 기술하였다.