• Information Systems Review
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• v.4 no.2
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• pp.293-307
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• 2002

In this study, industry-specific application systems operation cost estmation models are suggested. We reviewed operation cost models of previous researches, and developed a strong need for industry-specific operation outsourcing cost models. Security industry operation cost model and medical care industry outsourcing cost model are proposed, and tested with empirical data. We showed the validity of industry-specific application systems outsourcing cost models. Future research will be needed to develop outsourcing cost models for other industries and to refine cost models developed in this study.

• Journal of the Korean Statistical Society
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• v.30 no.3
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• pp.387-406
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• 2001

Adaptive estimators for a class of nonlinear time series models has been proposed by several authors. Koul and Schick(1997) proposed the adaptive estimators without sample splitting for location-type time series models. They also showed by simulation that the adaptive estimators without sample splitting have smaller mean squared errors than those of the adaptive estimators with sample splitting. the present paper generalized the result in a case of location-scale type nonlinear time series models by simulation.

• Journal of Digital Convergence
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• v.12 no.5
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• pp.139-148
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• 2014

In recent years, computational models using parametric estimation method have been developed and used widely for efficient cost analysis. In this research, by applying experienced data from Guidance and Control Systems in Missile System field, the cost analysis for engineering model and commercial computational model(Price H, HL, M, S) are conducted and its result is analysed, so that the difference between two models and its grounds are apprehended. Comparing the calibrated value of computational model based on the data base of similar equipment and the cost from the engineering estimation, the two results are very close. It means that the credibility of data is enhanced through calibration. Also, for cost analysis of similar components in the future, the method for calibration of the computational models is also examined. When estimating development cost in this research, although many parts have been estimated through uncertain elements, the reliability could have been enhanced by applying computational model which secures objectivity. It is a very reasonable estimation method by utilizing calibration of the computational models based on existing accumulated development data.

• Journal of the Korean GEO-environmental Society
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• v.9 no.7
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• pp.73-85
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• 2008

320 national groundwater monitoring stations have been constructed since 1995 and groundwater levels are measured automatically 4 times a day at each well. It has a difficulty to estimate an average recharge rate of watershed using the recharge rate of the monitoring site because of the lack of its representative on converting a point recharge rate into a spatial one. In this study, the relations between site characteristics (topography, hydraulics, geology, facilities, etc.) and recharge rates of 223 monitoring sites, which were selected using cluster analysis, were analyzed using statistical methods, and finally, regression models were constructed for a recharge rate estimation of non-measured areas. The independent variables for these simple regression models, 1) width of adjacent stream, 2) distance to the nearest stream, 3) topographic slope, and 4) rock type, are proposed using analysis of variance. These models have lots of advantages such as an easy data collection from topographic and geologic maps, a few input variables, and also simplicity in use. Suitability analysis from the comparison between estimation values and original ones at monitoring sites shows that these models are useful for a groundwater recharge estimation.

• The KIPS Transactions:PartD
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• v.9D no.2
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• pp.259-266
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• 2002

The main issue in software development is the ability of software project effort and cost estimation in the early phase of software life cycle. The regression models for project effort and cost estimation are presented by function point that is a software sire. The data sets used to conduct previous studies are of ten small and not too recent. Applying these models to 789 project data developed from 1990 ; the models only explain fewer than 0.53 $R^2$(Coefficient of determination) of the data variation. Homogeneous group in accordance with project delivery rate (PDR) divides the data sets. Then this paper presents general effort estimation models using project delivery rate. The presented model has a random distribution of residuals and explains more than 0.93 $R^2$ of data variation in most of PDR ranges.

• Journal of the Korea Computer Industry Society
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• v.2 no.6
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• pp.859-866
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• 2001

Successful project planning relies on a good estimation of the effort required to complete a project, together with the schedule options that may be available. Despite the extensive research done developing new and better models, existing software effort estimation models are present only the total effort and effort (or manpower： people per unit time) function for the software life-cycle. Also, Putnam presents constant effort rate in each subcycles. However, the size of total efforts are variable according to the software projects under the influence of its size, complexity and operational environment. As a result, the allocated effort in subcycle also differ from project to project. This paper suggests the linear and polynomial effort estimation models in specifying, building and testing phase followed by the project total effort. These models are derived from 128 different projects. This result can be considered as a practical guideline in management of project schedule and effort allocation.

• Journal of the Korean Statistical Society
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• v.30 no.2
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• pp.281-290
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• 2001

Symmetric estimation and recursive mean adjustment are considered to construct tests for the doble unit root hypothesis for both parametric and semiparametric time series models. It is shown that simultaneous application of symmetric estimation and recursive mean adjustment yields the most powerful test. Moreover, size property of the semiparametric test based on the simultaneous application is bet among all semiparametric tests.

• Journal of Computational Design and Engineering
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• v.2 no.1
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• pp.16-25
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• 2015

Since construction projects are large and complex, it is especially important to provide concurrent construction process to BIM models with construction automation. In particular, the schematic Quantity Take-Off (QTO) estimation on the BIM models is a strategy, which can be used to assist decision making in just minutes, because 70-80% of construction costs are determined by designers' decisions in the early design stage. This paper suggests a QTO process and a QTO prototype system within the building frame of Open BIM to improve the low reliability of estimation in the early design stage. The research consists of the following four steps: (1) analyzing Level of Detail (LOD) at the early design stage to apply to the QTO process and system, (2) BIM modeling for Open BIM based QTO, (3) checking the quality of the BIM model based on the checklist for applying to QTO and improving constructability, and (4) developing and verifying a QTO prototype system. The proposed QTO system is useful for improving the reliability of schematic estimation through decreasing risk factors and shortening time required.

• The Korean Journal of Applied Statistics
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• v.29 no.5
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• pp.807-822
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• 2016

The composite lognormal-GPD models (LN-GPD) enjoys both merits from log-normality for the body of distribution and GPD for the thick tailedness of the observation. However, in the estimation perspective, LN-GPD model performs poorly due to numerical instability. Therefore, a two-stage procedure, that estimates threshold first then estimates other parameters later, is a natural method to consider. This paper considers five nonparametric threshold estimation methods widely used in extreme value theory and compares their performance in LN-GPD parameter estimation. A simulation study reveals that simultaneous maximum likelihood estimation performs good in threshold estimation, but very poor in tail index estimation. However, the nonparametric method performs good in tail index estimation, but introduced bias in threshold estimation. Our method is illustrated to the service time of an Israel bank call center and shows that the LN-GPD model fits better than LN or GPD model alone.

• East Asian Economic Review
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• v.24 no.1
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• pp.61-87
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• 2020

Five diffusion models are estimated using three different foreign exchange rates to find an appropriate model for each. Daily spot exchange rates expressed as the prices of 1 euro, 1 British pound and 100 Japanese yen in US dollars, respectively denoted by USD/EUR, USD/GBP, and USD/100JPY, are used. The maximum likelihood estimation method is implemented after deriving an approximate log-transition density function (log-TDF) of the diffusion processes because the true log-TDF is unknown. Of the five models, the most general model is the best fit for the USD/GBP, and USD/100JPY exchange rates, but it is not the case for the case of USD/EUR. Although we could not find any evidence of the mean-reverting property for the USD/EUR exchange rate, the USD/GBP, and USD/100JPY exchange rates show the mean-reversion behavior. Interestingly, the volatility function of the USD/EUR exchange rate is increasing in the exchange rate while the volatility functions of the USD/GBP and USD/100Yen exchange rates have a U-shape. Our results reveal that more care has to be taken when determining a diffusion model for the exchange rate. The results also imply that we may have to use a more general diffusion model than those proposed in the literature when developing economic theories for the behavior of the exchange rate and pricing foreign currency options or derivatives.