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The Application of Real Options Theory in Defense Offset Contract (절충교역에서의 실물옵션 방법론 적용에 관한 연구)

  • Lee, Jeong-Dong;Jang, Won-Joon;You, Tae-Ho;Lee, Choon-Joo
    • Journal of the military operations research society of Korea
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    • v.31 no.1
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    • pp.14-25
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    • 2005
  • Defense offset is considered to be all effective way of acquiring defense critical technologies and arms components as a counter-trade obligation ill defense acquisition contracts. Although arranging the offset contracts is wide]y perceived as necessary, there hardly exists an acceptable model of valuation of the offset technology. By undertaking the technology valuation approach and applying the option approach tn the offset program, we present an offset technology valuation model that maximizes social net benefit of the countries transferring the technology. This article applies our model to an actual case of defense technology transfer in the Republic of Korea. The contribution of this paper is in applying the option approach to the valuation of defense onset technology, providing for the additional flexibility to tile analysis. Our research suggests several policy implications that can be applied to the actual process of defense offsets. Our results elucidate managers' role and responsibilities in designing such a process by applying option approaches.

The Roughing Tool-Path Generation of Die-Cavity Shape Using the Drill (Drill을 이용한 Die-Cavity 형상의 황삭 가공 경로 생성)

  • Lim, P.;Lee, H. G;Yang, G. E.
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2001.04a
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    • pp.398-401
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    • 2001
  • This paper presents rough cutting pat고 drilling. This method has differences from conventional method which uses boundary curve by intersecting object to machine and each cutting plane. Die-cavity shape is drilled in z-map, we select various tool and remove much material in the short time. as a result, this method raise productivity. The major challenges in die-cavity pocketing include : 1)finding an inscribed circle for removing material of unmachined regions, 2) selecting optimal tool and efficiently arranging tool, 3) generating offset surface of shape, 4) determining machined width according to the selected tool, 5) detecting and removing unmachined regions, and 6) linking PJE(path-joining element). Conventional machining method calling contour-map is compared with drilling method using Z-map, for finding efficiency in the view of productivity.

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A Study on the Construction of Function Tree using Function Deployment (기능 전개 결과를 이용한 Function Tree 구성에 관한 연구)

  • 하성도;이언경;박선주;강달모
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2000.11a
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    • pp.401-406
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    • 2000
  • Fault tree analysis (FTA) is a widely used methodology for reliability analysis. The method is useful in that it suggests a very comprehensive way of describing the hierarchical relations of causes of faults and the corresponding results. However it is difficult to get appropriate fault trees for given products or systems without very profound knowledge and experience. This work aims to develop a methodology of fault tree construction using the results of function deployment for machine parts, which provides an objective way of preparing fault trees. The failure modes are defined to each function network generated by the function deployment method and the fault tree with respect to each viewpoint is constructed by arranging the failure modes. The fault tree is finally obtained by synthesizing the fault trees with respect to each viewpoint. The example of fault tree construction is also shown.

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A Study on the Architectural Characteristics of the Jeju Province Recreational Pension (제주도 휴양펜션시설의 건축실태에 관한 연구)

  • Kim Bong-Ae;Jeong Byeol-Ah
    • Journal of the Korean housing association
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    • v.16 no.5
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    • pp.21-27
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    • 2005
  • The purpose of this study is to prepare desirable recreational pension facilities system in compliance with various characteristics of each region and to help establish policies regarding recreational pension facilities. This research is carried out by an on site inspection and the survey of the management of the recreation facilities. Jeju recreational pensions have the following characteristics : The site area is $1305{\sim}7850\;m^2$, the number of guest rooms are $8{\sim}10$, and the area of the guest rooms are $33{\sim}99\;m^2$. In addition, most of them are built with R.C. structure and the exteriors are made of artificial stones. As for plot plan, it has 5 types of prototype : type of outbuilding, arranging in a row, corridor, hall, and the composition of the other types. Although Jeju recreational pension were institutionalized to satisfy the functions as tourism recreations, they don't reflect the unique characteristics of Jeju province.

A Study on the Improvement of Spectrum Utilization Efficiency by Narrowing the Channel Spacing in Domestic FM Broadcasting (국내 FM 방송에서 채널 간격의 축소에 따른 스펙트럼 이용효율의 개선에 관한 연구)

  • 최연자;장은영;조성준
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.16 no.9
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    • pp.819-827
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    • 1991
  • In this study, the efficiency of spectrum utilization has compared in case of channel spacking 100 KHz and 200 KHz by application of technical specifications of domestic FM broadcasting varing with effective radiated power, terrain irregularity factor and effective height of thrnsmit antenna. The results show that if arranging by 100 KHz channel total number of available channel will increase twice and the efficiency of spectrum unilization will be better 1.36 to 2.0 times than that of 200 KHz channel spacing.

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Sinusoidal Input Power factor Improved for Single-Phase Buck AC-DC Type Converter (정현파 입력 역률개선을 위한 단상 강압형 AC-DC 컨버터)

  • Jung, S.H.;Kwon, K.S.;Lee, H.W.
    • Proceedings of the KIEE Conference
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    • 2001.11c
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    • pp.338-340
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    • 2001
  • Power factor improved for single-phase buck-converter is studied in the paper. To sinusoidal waveform the input current with a near-unity power factor over a wide variety of operating conditions, the output capacitor is operated with voltage reversibility for the supply by arranging the auxiliary diode and power switching device. Then the output voltage is superposed on the input voltage during on time duration of power switching devices in order to minimize the input current distortion caused by the small input voltage when changing the polarity. The tested setup, using two insulated gate bipolar transistors(IGBT) and a microcomputer, is implemented and IGBT are switched with 20[kHz], which is out of the audible band. Moreover, a rigorous state-space analysis is introduced to predict the operation of the rectifier. The simulated results confirm that the input current can be sinusoidal waveform with a near-unity power factor and a satisfactory output voltage regulation can be achieved.

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Expert System for ABC Tuning of Once-Through Bboiler

  • Matsumura, S.;Kojima, Y.;Tozaki, T.;Shirasaka, Y.;Suzuki, M.
    • 제어로봇시스템학회:학술대회논문집
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    • 1989.10a
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    • pp.744-748
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    • 1989
  • A newly developed Expert System (ES) for the tuning of thermal power plant control equipment is described. The system is furnished with the rules for controller tuning which were obtained by analysis and arranging the data and knowledge from the experts or tuning records. Based on these rules, automatic tuning or setting of the control parameters is performed in real-time base. The performance of the test equipment, a combination of ES and a boiler simulator, was examined in the automatic tuning test for steam pressure, steam temperature, and load controllers of a constant-pressure once-through boiler model. It was confirmed from the test results that the system is quite promising for future application to actual plants, since the tuning results obtained by the proposed system were similar to those by tuning experts.

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Reach volume의 측정과 로보트 기구학을 이용한 해석적 생성의 비교

  • 기도형;신용탁;강동석;정의승
    • Proceedings of the ESK Conference
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    • 1996.10a
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    • pp.232-237
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    • 1996
  • When designing workplaces or arranging controls on panel, devices and controls should be placed within the reach of operator's arm or foot to guarantee effective performances. Most of the existing research on the reach volume were based on measurements of a few subject's arm reach, and limited to Caucasian and Chineses populations, and foot reach and trunk motion have been excluded. Range of human joint motion and that of two degrees of freedom motion are needed to generate reach volume analytically using the sweeping algorithm. Therefore, in this research, range of two degrees of reedom motion was measured, in which 47 college students were participated volumtarily as subjects. Second, new approximate algorithms generating reach volumes were suggested based on the robot kinematics, in which range of two degrees of freedom motion was considered. Our analytically generated reach volume showed statistically reasonable results when compared with that obtained from direct measurement.

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Crack Propagation at Boundary Face of Composite Compact Tension Specimen

  • Cho, Jae-Ung;Han, Moon-Sik
    • Journal of the Korean Society of Manufacturing Technology Engineers
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    • v.22 no.2
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    • pp.337-341
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    • 2013
  • In this study, fatigue crack propagation in composite material under fatigue is investigated by simulation result. When another material on the specimen exists vertically to the crack line, the phenomena that crack may go straight or propagate along the boundary face according to the elastic modulus ratio of another material to matrix are investigated with compact tension specimen by compliance method. Crack propagation direction is evaluated by compliance method. By arranging this study result systematically about the crack propagation behavior due to the stiffness of inhomogeneous material, high-tech material (automobile, aircraft and steel industry) can be improved. The estimation of safety design and life (construction & nuclear power station, etc.) will be of great value industrially.

Flowfield Calculation around Two Circular Cylinders by a Discrete Vortex Method (이산와법에 의한 2원주 주위의 유동장 수치계산)

  • Ro Ki-Deok;Kang Ho-Keun;Choi Hyeong-Doo
    • Proceedings of the KSME Conference
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    • 2002.08a
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    • pp.345-348
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    • 2002
  • The Flow patterns around two cylinders in various arrangements were studied by a discrete vortex method. The flow for the surface of each cylinder was represented by arranging bound vortices at adequate intervals. The viscous diffusion of fluid was represented by the random walk method. The vortex distributions, streaklines, timelines and velocity vectors around two cylinders were calculated for centre-to-centre pitch ratios of $P/D=1.5 and 2.5$, attack angles of ${\alpha}=0^{\circ},\;30^{\circ},\;60^{\circ}\;and\;90^{\circ}$, and Reynolds number of Re=1200. The results of simulation correspond to the photographs by flow visualization and the flow intereference between two cylinders in various arrangements was clearly visualized by a numerical simulation.

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