• Title/Summary/Keyword: Defense Technology Valuation

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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.

A Study on Valuation of Defense Technology -Focusing on Overseas Technology Transfer- (국방 기술가치평가에 관한 연구 -국외 기술이전을 중심으로-)

  • Goh, Hwa-Jin;Jeon, Jeong-hwan;Kim, Joon-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.6
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    • pp.147-154
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    • 2021
  • Recently, it has been observed that as the level of Science and Technology in Korea is improving, the demand for technology transfer from overseas buyers is also increasing. A technical value is an important factor for the technology transfer process and the valuation of technology should be performed reasonably. Specifically, a non-economical value has to be examined thoroughly when conducting the valuation for a technology that depends on public values. Since public technology has public benefit as its purpose when compared to technology from the private sector, its discount rate should be appropriately assessed and reflected in its valuation process. In this context, this study presents the methodology of valuation of public technology particularly relating to the transfer of technology from the national defense industries. To be specific, both an application method of the discount rate according to the characteristics and the purpose of the target technology and a qualitative and quantitative evaluation method to reflect the public values are presented. The proposed method for the valuation of defense technology could be used practically both in strengthening bargaining capability based on the reasonably derived technical values for transfer of national defense technology abroad and in the compilation of budgets for technology development in the future.

A Study on the Evaluation Method of Defense Technology Valuation Using the Readability Level Assessment of Core National Defense Technology (국방 핵심기술의 성숙도(Readiness Level)평가를 활용한 국방기술가치평가 방안 연구)

  • Lee, Hyung-Seog;Shin, Chung-Jin;Kang, Seok-Joong
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.23 no.12
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    • pp.1710-1719
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    • 2019
  • This study is intended to understand defense technologies that require the convergence of various technologies and the integration of systems, and to propose valuation methods that reflect the characteristics of each field. The measure of technology level, integration (system integration technology) between technologies, preparation of manufacturing, and maturity scale of the weapons system to be valued are measured according to the items of measurement factors to verify system performance, and to present a framework for estimating the quantitative values of core technologies using system maturity. Considering the characteristics of each technology field, the research suggests a proper valuation method. In evaluating the value of defense technologies, A proposal is made to evaluate the value of defense technology by competent technical experts in each field, using SRL, which can be evaluated according to the evaluation criteria reflecting the technical characteristics of each field, and to evaluate the completion of the entire system in quantitative terms.

Improving the Security Policy Based on Data Value for Defense Innovation with Science and Technology (과학기술 중심 국방혁신을 위한 데이터 가치 기반 보안정책 발전 방향)

  • Heungsoon Park
    • Convergence Security Journal
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    • v.23 no.1
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    • pp.109-115
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    • 2023
  • The future outlook for defense faces various and challenging environments such as the acceleration of uncertainty in the global security landscape and limitations in domestic social and economic conditions. In response, the Ministry of National Defense seeks to address the problems and threats through defense innovation based on scientific and technological advancements such as artificial intelligence, drones, and robots. To introduce advanced AI-based technology, it is essential to integrate and utilize data on IT environments such as cloud and 5G. However, existing traditional security policies face difficulties in data sharing and utilization due to mainly system-oriented security policies and uniform security measures. This study proposes a paradigm shift to a data value-based security policy based on theoretical background on data valuation and life-cycle management. Through this, it is expected to facilitate the implementation of scientific and technological innovations for national defense based on data-based task activation and new technology introduction.

The Study on Development of R&D Technology Rating Methodology in the Defense Area (국방 R&D기술 등급평가 방법론 개발 연구)

  • Jung, You-Jin;Kim, Joon-Young;Joung, Tae-Yun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.2
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    • pp.158-167
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    • 2017
  • This paper presents the technology rating methodology that is applicable to defense R&D technology. First, a technology profitability index was developed using multiple regression analysis to forecast the revenue from technology transfer. Secondly, the technology evaluation index was derived using hierarchical analysis with expert opinion. Finally, the weighted average of the technology profitability index and technology evaluation index were calculated to derive the technology rating. This study is significant in that it is first attempt to evaluate defense R&D technology by rating. If the defense R&D technology rating methodology is applied in practice, it can contribute to efficient R&D budget allocation. In addition, it will help in the vitalization of technology transfer in the defense R&D sector.

Development of the Technology Valuation Analysis Indicators Using the Delphi Method in the Offset Program (델파이 기법을 활용한 절충교역 기술가치평가 분석지표 개발)

  • Hong, Seoksoo;Seo, Jae-Hyun
    • Journal of Korea Technology Innovation Society
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    • v.16 no.1
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    • pp.252-278
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    • 2013
  • Many countries implement an offset program as a method of the acquisition of modern military technology for enhancement of the domestic military strength. Offset agreements are made based on the value, not a monetary unit. The value should be above minimum threshold fixed by the related regulation. Hence, technology valuation model which is objective and reasonable is required vitally. At present, some defense related organizations such as DTaQ, ADD valuate the proposed technology by using their own method. However, due to the lack of differentiation of valuation analysis indicators for various technologies, existing offset valuation models are inadequate to consider whole characteristics of such technologies. In this paper, we developed four sets of offset valuation analysis indicators considering the characteristics of each technology, parts production, depot maintenance, military equipment performance upgrade, and R&D related technology, by using the Delphi method. Also, we structurized those indicators in each technology by using the factor analysis. Through applying developed indicators, it is expected that technology valuation in the offset program would be more credible and accurate. Ultimately, it gives greater bargaining power to negotiators in the procedure of the offset negotiation.

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The Study on the Quality Assessment Model of Aircraft Voice Recognition Software (항공기 음성인식 소프트웨어 품질 평가 모델 연구)

  • Lee, Seung-Mok
    • Journal of Software Assessment and Valuation
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    • v.15 no.2
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    • pp.73-83
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    • 2019
  • Voice Recognition has recently been improved with AI(Artificial Intelligence) and has greatly improved the false recognition rate and provides an effective and efficient Human Machine Interface (HMI). This trend has also been applied in the defense industry, particularly in the aviation, F-35. However, for the quality evaluation of Voice Recognition, the defense industry, especially the aircraft, requires measurable quantitative models. In this paper, the quantitative evaluation model is proposed for applying Voice Recognition to aircraft. For the proposal, the evaluation items are identified from the Voice Recognition technology and ISO/IEC 25000(SQuaRE) quality attributes. Using these two perspectives, the quantitative evaluation model is proposed under aircraft operation condition and confirms the evaluation results.

A Study on Development of Technology Protection Rating Methodology using Statistics (통계기법을 적용한 기술보호 등급분류 방법론 개발 연구)

  • Yang, Jeong-Eun;Yang, Younggyu;Cho, YunGyeong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.3
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    • pp.671-678
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    • 2021
  • In a previous study, technology protection levels were set on a qualitative basis. That study lacked quantitative standards, so here, we conduct a study to complement the previous study and to present an objective standard. This paper provides a method of setting a technical protection level that applies statistical analysis. To set the technology protection level, statistical analysis of six technical survey items is performed first. Second, the technical survey items are analyzed by AHP to quantify the opinions of experts in order to derive weights for each technical survey item. Finally, by using the normal distribution scatter map and median calculation method, the technology protection level is selected in three stages using the final detailed factor technology score reflecting the weight. The technology protection level methodology developed through this study is the first methodology with objectivity that can evaluate defense technology by level. If this methodology is applied in practice, it is believed that it will provide a scientific and quantitative technology value judgment criterion when setting the technology protection level in the future.

A Study on Injection Attacks and Defenses on Microsoft Windows (MS Windows에서 인젝션 공격 및 방어 기법 연구)

  • Seong, HoJun;Cho, ChangYeon;Lee, HoWoong;Cho, Seong-Je
    • Journal of Software Assessment and Valuation
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    • v.16 no.2
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    • pp.9-23
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    • 2020
  • Microsoft's Windows system is widely used as an operating system for the desktops and enterprise servers of companies or organizations, and is a major target of cyber attacks. Microsoft provides various protection technologies and strives for defending the attacks through periodic security patches, however the threats such as DLL injection and process injection still exist. In this paper, we analyze 12 types of injection techniques in Microsoft Windows, and perform injection attack experiments on four application programs. Through the results of the experiments, we identify the risk of injection techniques, and verify the effectiveness of the mitigation technology for defending injection attacks provided by Microsoft. As a result of the experiments, we have found that the current applications are vulnerable to several injection techniques. Finally, we have presented the mitigation techniques for these injection attacks and analyzed their effectiveness.

The framework for extracting the strategy of offset company -Toward to assessment based on Desirability function and IPA- (절충교역 업체의 전략 도출 프레임워크 -만족도함수 및 IPA 기반의 평가를 중심으로-)

  • Kim, Joon-Young;Hong, Jong-Yi;Choi, Ki-Yong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.5
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    • pp.3199-3209
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    • 2015
  • The importance of offset program has been increased, recently. Most research focused on the technology valuation and improvement of offset program. Research related with assessment of offset companies and development of differentiated strategies for cultivating them although they are important actor in offset program. Hence, this paper aims to propose the framework for assessing offset companies and providing the differentiated strategies using Desirability Function and IPA. Additionally, by applying the proposed framework to real offset companies, the applicability and usefulness of it are verified. The framework consists of extracting performance measures, assessment of it using Desirability Function and AHP and strategic planning based on IPA.