• Title/Summary/Keyword: Expected Value

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The Economic Aspect of Gas Hydrate Development (경제성 측면에서의 가스하이드레이트 개발 가치)

  • Kim, Hwa-Young;Lee, Dong-Jun;Heo, Eun-Nyeong
    • New & Renewable Energy
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    • v.4 no.2
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    • pp.61-67
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    • 2008
  • The price to import natural gas continues to rise, as well as the rate of its domestic consumption. This research examined the economic feasibility of domestically developing and producing gas hydrate to substitute imported natural gas. Today, the industry still lacks the technology to commercially produce gas hydrate. However, if the gas hydrate is able to be commercially produced domestically and replace imported natural gas, the annual economic benefit for the Republic of Korea would be 211 - 833 USD/ton. Gas hydrate is rated as a high value investment by the gas industry since the potential annual profit can reach over 150USD/ton. The commercial value of gas hydrate development will increase as long as the natural gas market continues to expand and its consumption increase remains steady. With further development of technology, one can anticipate an even higher expected return on the investment.

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A Study on ERP System for EVMS in Project-based Industry (프로젝트형 산업의 EVMS을 위한 ERP 시스템에 관한 연구)

  • Park, Je-Won;Lee, Chang-Ho
    • Proceedings of the Safety Management and Science Conference
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    • 2010.11a
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    • pp.343-348
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    • 2010
  • Earned Value Management System(EVMS) is a highly efficient tool in the project management, but it cannot easily determine the Actual Cost due to the indistinct criteria and extensive data. This study introduces a EVMS for project management and its actual case based on EVMS and ERP system which some additional modules are installed for performance measurement. It is expected that this new method enables a company to improve transparency by specifying expense items in detail and to switch quarterly settlement to monthly by reducing the time of calculation.

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A Study on the Effective Factor of an Oral Health Promotion Behavior for Adolescents (청소년의 구강건강증진행위에 미치는 영향요인 연구)

  • Kim, Yeong-Im
    • The Korean Journal of Health Service Management
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    • v.11 no.2
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    • pp.129-142
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    • 2017
  • Objectives : The purpose of this study was to identify the main variables of difference in high school students' oral health promotion behaviors among adolescents and to improve their academic and oral health promotion behaviors. Methods : The research subjects consisted of 311 high school students in Jeonju. Results : The adequacy of the hypothetical model accounted for 46.9 % of the oral health promotion behavior. The Redundancy of all variables showed the value of the positive values, indicating that the Goodness of fit was greater than the optimum value of the model, and the model of the PLS was a desirable model. The effects of perceived benefits, self efficacy, and social support on oral health promotion behaviors were found to be higher in oral health promotion behaviors. Conclusions : This study is expected to have a significant impact on the perception of the oral health promotion for adolescents in the future and will contribute to the expansion and generalization of Pender's oral health promotion model.

Assessing the Impact of Digital Procurement via Mobile Phone on the Agribusiness of Rural Bangladesh: A Decision-analytic Approach

  • Alam, Md. Mahbubul;Wagner, Christian
    • Agribusiness and Information Management
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    • v.5 no.1
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    • pp.31-41
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    • 2013
  • The research assesses the impact of a digital procurement (e-purjee) system for sugarcane growers in Bangladesh. The system itself is simple, transmitting purchase orders to local farmers via SMS text notification. It replaces a traditional paper-based system fraught with low reliability and delivery delays. Applying expected value theory, and using decision tree representations to depict growers' decision-making complexity in an information-asymmetric environment, we compute outcomes for the strategies and sub-strategies of ICT vs. traditional paper-based order management from the sugarcane growers' perspective. The study results show that the digital procurement system outperforms the paper-based system by tangibly reducing growers' economic losses. The digital system also appears to benefit growers non-monetarily, because of reduced uncertainty and a higher level of perceived fairness. Sugarcane growers appear to value the non-monetary benefits even higher than the economic advantages of the e-purjee system.

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Some issues on monumentality in park design -two case of 4.19 memorial park of SNU and Soecho sculpture park- (공원설계에서 기념성의 문제 -서울대 4.19 기념공원과 서초조각공원의 예-)

  • 유병림
    • Journal of the Korean Institute of Landscape Architecture
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    • v.23 no.4
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    • pp.40-49
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    • 1996
  • The judgement of how good a memorial park is designed in terms of representing symbolic meanings through moonument depends on whether it decisively reflects peoples' common value and affection to specific event or place of the park. It is in fact, not easy to define the kind of value and affections peoples have in mind for the park. It is likely that most park design concepts are primarily based on designer' subjective view of the world by which the public is expected to understand, accept, and eventually share the common symbolic meanings of the park. AS memorial park design as the works of art might be appreciated not only in view of artistic performance of designer but in terms of its social meaning of the newly defined space. Two cases of park designs by author include issues on conceptual alternatives, experience of memorial space, symbolic use of materials, and perspectives on the direction of contemporary park design. It is noteworthy that authentic approaches should be challenged for a new way in which symbolic meanings could be given in rather contradictory style.

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Extraction Process and Stability Characteristics of Soybean Peroxidase (Soybean peroxidase의 추출공정 및 안정성 특성)

  • 서경림;이은규
    • KSBB Journal
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    • v.13 no.5
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    • pp.599-605
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    • 1998
  • Soybean peroxidase was extracted from soybean hulls and purified by ammonium sulfate precipitations (25% and 75% saturation), pl fractionation, and anionic exchange and gel filtration chromatographies (DEAE-Sephadex A-50 and Superose 12). Modlecular weight and pl value were estimated to be ca. 45 kD and 4.2, respectively. Purified soybean peroxidase had an RZ value of 0.43. Compared with horseradish peroxidase, it showed superior thermal and pH stability. Assuming the first-order kinetics, the thermal deactivation rate constant of soybean peroxidase at 80$^{\circ}C$ was about 8 times lower than that of horseradish peroxidase. Deactivation energy was calculated to be 69.3 kcal/mol. Soybean peroxidase showed about 10% higher H2O2 degradation capacity than horseradish peroxidase. Exploiting these advantages, the soybean peroxidase purified from the domestic soybean hull is expected to replace horseradish peroxidase in various applications.

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Production of Mannitol Using Leuconostoc mesenteroides NRRL B-1149

  • 김창영;이진하;김병훈;유선권;소은성;조갑수;Donal F. Day;김도만
    • Biotechnology and Bioprocess Engineering:BBE
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    • v.7 no.4
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    • pp.254-254
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    • 2002
  • A process for the production of mannitol from fructose (5% to 25%) using Leuconosyoc mesenteroides NRRL B-1149 was investigated. Fermentations were carried out in bat도 of fed-batch fermentations without aeration at 28℃, pH 5.0. When 5% fructose was used in batch culture fermentation, the yield of mannitol was 78% of that expected theoretically. When the fructose concentration was increased to 10%, the yield dropped to 59.6% of the theoretical value. However, in the fed-batch culture, using 10% fructose, the yield was 81.9% of the theoretical value. In a 15% fructose fed-bat도 culture, with 5% fructose being added initially and the other 10% fructose being added as a continuous supply, the final yield was 83.7% of the theoretical yield. When 20% fructose was used in the same manner, the yield was 89.5% of theoretical yield.

REAL OPTIONS VALUATION MODEL OF LINE EXPANSION PROBLEM IN THE AMOLED INDUSTRY LINE EXPANSION (리얼옵션을 활용한 AMOLED산업 라인 증설의 옵션가치)

  • Lee, Su-Jeong;Kim, Do-Hun
    • 한국경영정보학회:학술대회논문집
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    • 2008.06a
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    • pp.957-962
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    • 2008
  • We propose a model for the line expansion problem in the AMOLED (Active Matrix Organic Light Emitting Diodes) industry, which now faces market uncertainty: for example, changing customer needs, technological development path, etc. We focus on the optimal investment time and size of the AMOLED production lines. In particular, employed here is the ROV (Real Options Valuation) model to show how to capture the value of line expansion and to determine the optimal investment time. The ROV framework provides a systematic procedure to quantify an expected outcome of a flexible decision which is not possible in the frame of the traditional NPV (Net Present Value) approach. Furthermore, we also use Monte Carlo simulation to measure the uncertainty associated with the line expansion decision; Monte Carlo simulation estimates the volatility of a decision alternative. Lastly, we present a scenario planning to be conducted for what-if analysis of the ROV model.

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The Economic Aspect of Gas Hydrate Development (경제성 측면에서의 가스하이드레이트 개발 가치)

  • Sin(Kim), Hwa-Young;Lee, Dong-Jun;Heo, Eun-Nyeong
    • 한국신재생에너지학회:학술대회논문집
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    • 2008.05a
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    • pp.107-110
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    • 2008
  • The price of natural gas import continues to rise, as well as its domestic consumption rate. This research examined the economic feasibility of domestically developing and producing gas hydrate to substitute imported natural gas. Today, the technology to commercially produce gas hydrate is still lacking; however, if the gas hydrate is able to be commercially produced domestically and replace imported natural gas, the annual economic benefit for the Republic of Korea would be 211 - 833 USD/ton. From the industry's point of view, gas hydrate is a high value investment since one can expect an annual profit of over 150USD/ton. The commercial value of gas hydrate development will increase as long as the natural gas market continues to expand and as the increase of natural gas consumption remains steady. With further development of technology, one can anticipate an even higher expected return on the investment.

  • PDF

Implementation of Boundary Value Analysis Tool for Software Verification in Railway Signaling Systems (철도신호시스템 소프트웨어 검증을 위한 경계값 분석도구의 구현)

  • Jo, Hyun-Jeong;Hwang, Jong-Gyu;Baek, Jong-Hyen;Lee, Jae-Ho
    • Proceedings of the KIEE Conference
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    • 2011.07a
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    • pp.1252-1253
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    • 2011
  • The railway signaling system is being converted to the computer system from the existing mechanical device, and the dependency on software is being increased rapidly. Though the size and degree of complexity of software for railway signaling system are slower than the development speed of hardware, it is expected that the size will be grown bigger gradually and the degree of complexity will be increased also. Accordingly, the validation of reliability and safety of embedded software for train control system was started to become influential as the important issue. In this paper, we presented boundary value analysis tool for railway signaling system software, and presented its result of implementation.

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