• Title/Summary/Keyword: Cost Behaviors

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Time to Invest in Real Asset with Option Pricing Theory - Focused on REITs - (옵션가격결정이론에 기반한 실물자산의 투자시기 결정 - 부동산투자신탁회사(REITs)를 중심으로 -)

  • Jun, Jae-Bum;Lee, Sam-Su
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.6
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    • pp.54-64
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    • 2010
  • A firm decides to go to the project based on its investment analysis. However, the cash flows generated from the real project can not be always coincident with what expected as it follows uncertain behavior and the asymmetric payoff caused by the managerial flexibilities involved in the real asset affects the project value. Amongst various managerial flexibilities entailed in most of the real assets, although investment delay has been known to enhance the project value thanks to its ability to provide new market information to management, the related research to select the time to invest have been just few. Therefore, this research aims to show the theoretical framework to decide when to invest reflecting the behaviors of increasing project value and loss recovery cost due to investment delay with option pricing, related financial economic, and variational theories.

Maternal Behavior to Preventing Childhood Accident in the Home (아동사고에 대한 어머니의 예방행위 영향요인)

  • Kim, Kwuy-Bun;Son, In-A
    • The Korean Journal of Emergency Medical Services
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    • v.6 no.1
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    • pp.87-102
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    • 2002
  • Injury has now replaced disease as the biggest single cause of death in children after their first birthday. Each day child dies from preventable, unintentional injury and the medical cost of these injury is increasing remarkably. It is necessary to develope injury prevention models to explain, predict, manage, evaluate and analyze the information about accident. The purpose of this paper is, firstly, to investigate parent's actions regarding safety measures at home and secondly, to identify the influencing factors of parents' safety behaviors. The selection of such factors is guided by the theoretical framework of the Pender's Health Promotion Model. Method ; The questionnaire was developed on the basis of other investigations, through pilot testing, peer review, and review by field health workers. The questionnaire was completed by 231 mothers of young children. Data was collected between April and May 2002. Variable Use of three different domains of safety behavior, safety habits, supervision and perception of safety devices, were listed. Mothers were self reported on internal locus of control, mother & child relationships, and marital intimacy. Also the elements of the Health Promotion Model: perceived benefit, barrier, threat, and self-efficacy, were surveyed. Results & discussion The results indicate that most parents take considerable action to reduce household hazards. The constructs derived from the Model were statistically significant differences for a small part of the variables on parental behavior to reduce hazards in the home, such as age, education, economic status, self-efficacy, perceived benefit, internal locus of control. Future studies ought to include social influences, such as expectations, perceived norms, knowledge, and child-related variables, relevant to parental safety measures in their home.

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Rediscovering A Path to Aging in Place: Development of Housing Cooperatives for Rural Elderly

  • Lee, Hyun-Jeong
    • Architectural research
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    • v.13 no.3
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    • pp.31-40
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    • 2011
  • Profit-keeping behaviors naturally occur in the market to satisfy consumers, and the logic behind it lies in the economies of scale. On the flip side, some commodities transacted in the market are not available or can not be easily acquired unless the demand is high enough. Under this proposition, some consumers rise and find their own solution to meet the services at a reasonable cost or at an adequate level. The commonly adopted way is to establish a cooperative, and it stirs purchasing power by pooling resources and further bargains price and service quality. As a consumer cooperative, housing cooperatives notably found in rural towns enable the elderly to continue independent living. This study is to take a closer look at residential life of the rural elderly in housing cooperatives. Utilizing in-depth focus group interviews with 40 residents in four housing cooperatives, this qualitative research draws main factors affecting the decision to move in, residential assessment, and strengths and weakness of living in a housing cooperative. The primary factor influencing the moving decision is to continue to independent living in a familiar community, and the bottom line is planning ahead. Frailty and bereavement are found to be the leading occasions for them to move. The participants are satisfied with the independent living arrangement, and particularly, cited such features as safety and security, elderly-friendly design, common spaces, freedom, social activities and efficient living. Also, it is stated that some cooperative natures such as control over the property and giving a voice on management render positive impacts on the satisfaction with communal living. In spite of all the benefits and strengths, participants face with a public notion that an independent living arrangement like a housing cooperative has never done before in rural towns, so that most people recognize it as part of dependent living arrangements like nursing home.

Beehive (Hexagrid), New Innovated Structural System for Tall Buildings

  • Nejad, Peyman Askari
    • International Journal of High-Rise Buildings
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    • v.5 no.4
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    • pp.251-262
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    • 2016
  • Tall Buildings have been one of the most prominent symbols of economic growth for nearly a century. Yet, in the aftermath of the tragedies of September 11, "signature" Tall buildings have become the focus of much debate. The structural systems today are undergoing a major evolution to address the ability of providing flexibility in the design and use of the building together with sustainability (Green) and cost-effective system. This paper describes a new invented structural system, evolutionary structural analysis and design of Tall buildings, which involves the entire analysis process, including conceptual and design stages and comparison with the existing Tall building. This study presents an new innovative structural system, Beehive (Hexagrid), for Tall buildings. The final results are achieved by modeling an 80 story Tall building with the optimized angle and topology of hexagon members by using a computer analysis, ETABS finite element analysis. The objective function of this system is to use one structural system in order to both maximize Eigen frequency for resisting dynamic responses and minimize mean compliance for static responses. Finite element analysis is carried out by using standardized materials. Optimal Hexagrid topologies with the highest stiffness are finally determined to resist both static and dynamic behaviors. Holistic design integration approaches between structures and facades to save energy for environmental control are studied. Innovative design ideas to control structural motion as well as to utilize that motion to harness energy are discussed. Considering abundant emergence of tall buildings all over the world in recent years, the importance of the studies presented in this paper cannot be overemphasized for constructing more sustainable built environments.

School loss due to oral disease and the related factors for a middle schools and high schools in Busan, Gyeongnam province (중고등학생의 구강병으로 인한 학업손실실태와 연관요인)

  • Jang, Kyeung-Ae
    • Journal of Korean society of Dental Hygiene
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    • v.9 no.4
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    • pp.784-794
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    • 2009
  • Objectives : This study was to prepare basic data about middle and high school students' school loss due to oral diseasea and to investigate the relevant factors. Methods : The survey is conducted for 575 middle school students in Busan and Gyeongnam. School loss was investigated based on the experiences of absences and leaving school early, which had happened from oral diseasea. The independent variables were oral health behaviors and sociopeconomic factors such as sex, age of their parents, educational level of their parents, family income. Factors related with school loss was analyzed by the multiple logistic regression method. Results : The experience ratio of leaving school early to the dental clinic or having difficulty in studying was higher in the case of high school student than in middle school student case. The parameters related with absence or leaving school early for oral disease were the education level, the distinction of sex, fear about medical examination and the standard of living. The reasons of absence or leaving early for visiting the dental clinic were related with education level, the distinction of sex, fear about medical examination, distrust of oral care and the satisfaction of oral health. The parameters having effect on school performance were education level, sex, fear about medical examination, distrust of oral care, cost burden, interests in oral health by the parents and school record. Conclusions : The oral health promotion should be developed to decrease school loss for students.

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Reliability Enhancement of Anisotropic Conductive Adhesives Flip Chip on Organic Substrates by Non-Conducting Filler Additions

  • Paik, Kyung-Wook;Yim, Myung-Jin
    • Proceedings of the International Microelectronics And Packaging Society Conference
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    • 2000.04a
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    • pp.9-15
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    • 2000
  • Flip chip assembly on organic substrates using ACAs have received much attentions due to many advantages such as easier processing, good electrical performance, lower cost, and low temperature processing compatible with organic substrates. ACAs are generally composed of epoxy polymer resin and small amount of conductive fillers (less than 10 wt. %). As a result, ACAs have almost the same CTE values as an epoxy material itself which are higher than conventional underfill materials which contains lots of fillers. Therefore, it is necessary to lower the CTE value of ACAs to obtain more reliable flip chip assembly on organic substrates using ACAs. To modify the ACA composite materials with some amount of conductive fillers, non-conductive fillers were incorporated into ACAs. In this paper, we investigated the effect of fillers on the thermo-mechanical properties of modified ACA composite materials and the reliability of flip chip assembly on organic substrates using modified ACA composite materials. For the characterization of modified ACAs composites with different content of non-conducting fillers, dynamic scanning calorimeter (DSC), and thermo-gravimetric analyzer (TGA), dynamic mechanical analyzer (DMA), and thermo-mechanical analyzer (TMA) were utilized. As the non-conducting filler content increased, CTE values decreased and storage modulus at room temperature increased. In addition, the increase in tile content of filler brought about the increase of Tg$^{DSC}$ and Tg$^{TMA}$. However, the TGA behaviors stayed almost the same. Contact resistance changes were measured during reliability tests such as thermal cycling, high humidity and temperature, and high temperature at dry condition. It was observed that reliability results were significant affected by CTEs of ACA materials especially at the thermal cycling test. Results showed that flip chip assembly using modified ACA composites with lower CTEs and higher modulus by loading non-conducting fillers exhibited better contact resistance behavior than conventional ACAs without non-conducting fillers.ers.

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Reliability Enhancement of Anisotropic Conductive Adhesives Flip Chip on Organic Substrates by Non-Conducting Filler Additions

  • Paik, Kyung-Wook;Yim, Myung-Jin
    • Journal of the Microelectronics and Packaging Society
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    • v.7 no.1
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    • pp.41-49
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    • 2000
  • Flip chip assembly on organic substrates using ACAs have received much attentions due to many advantages such as easier processing, good electrical performance, lower cost, and low temperature processing compatible with organic substrates. ACAs are generally composed of epoxy polymer resin and small amount of conductive fillers (less than 10 wt.%). As a result, ACAs have almost the same CTE values as an epoxy material itself which are higher than conventional underfill materials which contains lots of fillers. Therefore, it is necessary to lower the CTE value of ACAs to obtain more reliable flip chip assembly on organic substrates using ACAs. To modify the ACA composite materials with some amount of conductive fillers, non-conductive fillers were incorporated into ACAs. In this paper, we investigated the effect of fillers on the thermo-mechanical properties of modified ACA composite materials and the reliability of flip chip assembly on organic substrates using modified ACA composite materials. For the characterization of modified ACAs composites with different content of non-conducting fillers, dynamic scanning calorimeter (DSC), and thermo-gravimetric analyser (TGA), dynamic mechanical analyzer (DMA), and thermo-mechanical analyzer (TMA) were utilized. As the non-conducting filler content increased, CTE values decreased and storage modulus at room temperature increased. In addition, the increase in the content of filler brought about the increase of $Tg^{DSC}$ and $Tg^{TMA}$. However, the TGA behaviors stayed almost the same. Contact resistance changes were measured during reliability tests such as thermal cycling, high humidity and temperature, and high temperature at dry condition. It was observed that reliability results were significantly affected by CTEs of ACA materials especially at the thermal cycling test. Results showed that flip chip assembly using modified ACA composites with lower CTEs and higher modulus by loading non-conducting fillers exhibited better contact resistance behavior than conventional ACAs without non-conducting fillers.

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Criteria of Installing Delineators Considering Human Factors (인간공학적인 시선유도시설 설치기준에 관한 연구)

  • Park, Je-Jin;Park, Tae-Hoon;Ha, Tae-Jun
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.7 no.2
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    • pp.100-109
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    • 2008
  • Traffic accidents at night occur more than any other time because of improper road light facility and delineators. Therefore, cost-effective criteria of installing delineators are needed instead of expensive road light facility, especially, on rural road including light volume of traffic. This paper presents the criteria of installing 'Chevron Alignment Sign' considering driver's visual behavior characteristics and 'Raised Pavement Marker' considering critical encroachment angie of both straight section and curve one in order to reduce both the number of accidents on curve sections and the number of road encroachment accidents, respectively. The characteristics of visual behaviors can be expressed by visual angle involving curve radius and intersection angle. The estimated installing angles are $1^{\circ}{\sim}2.5^{\circ}$ by radii, which is based on changes in sensitivity across visual field by exogenous attention. Also, the raised pavement marker is installed every 2m, 3m, and 4m considering critical encroachment angles by radii.

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New Vibration Control Approach of Adjacent Twin Structures using Connecting Tuned Mass Damper (연결 동조질량감쇠기를 이용한 인접한 쌍둥이 구조물의 새로운 진동제어)

  • Ok, Seung-Yong;Kim, Seung-Min
    • Journal of the Korean Society of Safety
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    • v.32 no.2
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    • pp.92-97
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    • 2017
  • This study deals with new application method of the connecting tuned mass damper (CTMD) system for efficient vibration control of adjacent twin structures which have the same dynamic properties such as natural frequency and damping characteristics to each other. In the existing research, the vibration control of the twin structures has a limit to the application of the conventional damper-connection method of the twin structures. Due to the same frequency characteristics leading to the equally vibrating behaviors, it is impossible to apply the conventional connection method of the adjacent structures. In order to overcome these limitations induced by the symmetry of the dynamic characteristics, we propose a new CTMD-based control system that adopts the conventional connection configuration but unbalances the symmetric system by arranging the control device asymmetrically and then can finally achieve the efficient control performance. In order to demonstrate the applicability of the proposed system, numerical simulations of the optimally designed proposed system have been performed in comparison with the optimal design results of the existing independent single tuned mass damper (STMD) control system and the another optimal control system previously proposed by the same author, hereafter called CTMD-OsTMD. The comparative results of the control performances among STMD, CTMD-OsTMD and the proposed CTMD systems verified that the newly proposed control system can be a control-efficient and cost-effective system for vibration suppression of the two adjacent twin structures.

Effects of Ti, Hf and Zr Alloying Elements on Mechanical Properties and Fracture Behaviors of Fe-30Al-5Cr Alloys (Fe-30Al-5Cr 합금의 기계적 성질 및 파면양상에 미치는 Ti, Hf 및 Zr의 첨가효과)

  • Kim, Sung-Su;Joo, Sung-Min;Joo, Hyung-Gon;Lee, Doh-Jae;Choi, Dap-Chun
    • Journal of Korea Foundry Society
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    • v.21 no.1
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    • pp.24-32
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    • 2001
  • Recently, iron aluminides based on Fe3Al and FeAl are ordered intermetallic alloys that offer good oxidation resistance, excellent sulfidation resistance, and potentially lower cost than many high-temperature structural materials. They have better strength, elasticity to weight ratio and high temperature strength, therefore, they can be cosidered as candidate heat resistance structural materials for automobiles, ships, airplanes and spaceships applications. The changes in the mechanical properties and fracture behavior were investigated for Fe-30at.%Al-5at.%Cr alloys when Ti, Hf and Zr were added respectively. For mechanical properties such as Rockwell hardness and yield strength at room temperature, those were decreased in the case of Fe-30at.%Al-5at.%Cr alloy then increased in the case of 5at.% and 10at.% addition of Ti alone. However, Rockwell hardness and yield strength decreased again at 15%Ti then increased dramatically due to the precipitation hardening of the second phase on the specimen at 20%Ti. For fracture modes, cleavage fracture showed in the case of Fe-30at.%Al and Fe-30at.%Al-5at.%Cr alloys. As the amount of Ti addition changed cleavage to transgranular fracture and to quasi-cleavage fracture at 20%Ti. When Hf, Zr and Hf+Zr were added respectively, transgranular, cleavage and quasi-cleavage fracture were coexisted.

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