• The Korean Journal of Financial Management
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• v.22 no.1
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• pp.147-179
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• 2005

It is frequently said that mortgage-backed securities (MBS) of different security designs are issued in an attempt to meet the varying needs and expectations of investors. If this is true indeed, MBS of complicated risk-return characteristics are likely to be priced higher than MBS of simple risk-return characteristics we. We test this implication by establishing a recombining binomial interest rate prepayment model with a burnout effect embedded. More specifically, we compare the relative values (utilities) of a pass-through and a PAC- Support collateralized mortgage obligation(CMO), and theoretically show why and how the CMO is more highly valued than is the pass-through. The model is established such that mortgage prepayment is a function of the current value of, and the past path of, the mort-gage market rate. Since we work on not the total value of the two MBS but the value of each tranche of either MBS, the test results could be robust to slightly different versions of similar tests, which may be done in the future.

• Proceedings of the Korea Contents Association Conference
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• 2004.11a
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• pp.564-569
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• 2004

Most existing ontologies are suited for static knowledge, so they lack capability of representing procedural knowledge which is essential for an agent's action control or inference in the virtual world. Also they are not prepared to describe objects beyond their fixed ranges of domains as designed. In this paper we propose cyber-microcosm ontology (CMO) which augments procedural aspects and expressive power for multiple forms rather than fixed form as in conventional ontologies. The resulting ontology will provide an enhanced knowledge structure to capture procedural aspects of agents' actions and to facilitate their associated inferencing. The procedural aspects of the CMO are designed based on action frame formed according to diverse elements. They are elaborated in terms of various qualifiers and quantifiers to reflect statistical natures over time and instances.

• Bulletin of the Korean Chemical Society
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• v.35 no.1
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• pp.117-122
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• 2014

As a Chinese herbal medicine used in East Asia for thousands years, Cortex Magnoliae Officinalis (CMO) was observed to possess a protective effect against OH-induced DNA damage in the study. To explore the mechanism, the antioxidant effects and chemical contents of five CMO extracts were determined by various methods. On the basis of mechanistic analysis, and correlation analysis between antioxidant effects & chemical contents, it can be concluded that CMO exhibits a protective effect against OH-induced DNA damage, and the effect can be attributed to the existence of phenolic compounds, especially magnolol and honokiol. They exert the protective effect via antioxidant mechanism which may be mediated via hydrogen atom transfer (HAT) and/or sequential electron proton transfer (SEPT). In the process, the phenolic-OH moiety in phenylpropanoids is oxidized to the stable quinine-like form and the stability of quinine-like can be ultimately responsible for the antioxidant.

• Journal of the Korean Institute of Telematics and Electronics
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• v.27 no.11
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• pp.83-91
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• 1990

VOC(coltage controlled oscillator) circuits are necessary in applications such at the demodul-ation of FM signals, frequency synthesizer, and for clock recovery from digital data. In this paper, we designed the VCO circuit based on a OTA(operational transconductance amplifier) and the OP amp which using a differential amplifier by BiCMOS circuit. It consists of a OTA, voltage contorolled integrator and a schmitt trigger. Conventional VCO circuits are designed using the CMOS circuit, but in this paper we designed newly BiCMOS VCO circuit which has a good drive avlity, As a result of SPICE simulation, output frequency is 141KHz at 105KHz, and sensitivity is 15KHz.

• Journal of Korean Electronics
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• v.4 no.11
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• pp.87-91
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• 1984

• Proceedings of the Korean Institute of Communication Sciences Conference
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• 1995.10a
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• pp.1091-1094
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• 1995

• The Magazine of the IEIE
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• v.19 no.5
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• pp.53-59
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• 1992

• The Journal of Korean Institute of Communications and Information Sciences
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• v.24 no.10A
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• pp.1603-1610
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• 1999

본 논문은 CMOS의 latch-up 특성을 개선하기 위한 효과적인 mask 설계 방법에 관한 것이다. Mask의 평면구조와 latch-up 파라메타와의 상관관계를 실물 제작에 의한 실험과 컴퓨터 시뮬레이션에 의해 도출하였으며, guard ring의 효과에 대해서도 비교 분석하였다. 실험 결과, 수평구조 바이폴라 트랜지스터의 전류증폭률($\beta$n)이 디자인룰에 반비례하였으며, 수직구조 바이폴라 트랜지스터의 전류증폭률($\beta$n)은 디지인룰과 무관하였다. 스위칭전압과 유지전류는 디자인룰에 비례하였다. Guard ring은 latch-up의 가능성을 줄이는 데 상당한 효과가 있었음이 확인되었으며, Guard ring이 없는 경우에 비하여 전류증폭률의 곱($\beta$n$\beta$n)이 약 31% 감소, 유지전류는 약 25%가 향상됨을 확인하였다.

• IT SoC Magazine
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• s.4
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• pp.11-15
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• 2004

• Proceedings of the Materials Research Society of Korea Conference
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• 1996.05a
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• pp.64-64
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• 1996