• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.14 no.6
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• pp.131-141
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• 2019

This paper investigates a relationship between a market position of a venture capitalist(i.e.,VC) and its subsequent performance. Although a VC firm may perform better if it occupies a narrow niche(e.g.,specialist), which allows the firm to attain deep insider knowledge and build an identity as an industry expert, a firm may perform better if it has a broader niche(e.g.,generalist), which gives the firm access to more diverse information and opportunities and to effectively spread out potential risks. Given that accesses to valuable information and chances are critical for success in venture capital industry, we hypothesize that venture capitalists with broad niche width are more likely to grow in the future and analyze 26-year data on US venture capital industry. We found that, in general, a firm can enjoy the advantage of having a broad niche. However, the return to having a broad niche varies depending on its status within the market: a return greater for low- status than high-status VC firms. Our finding suggests that explorative efforts may be more rewarding for low-status VC firms.

• Ocean Science Journal
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• v.41 no.4
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• pp.245-254
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• 2006

Long term wave climate of both extreme wave and operational wave height is essential for planning and designing coastal structures. Since the field wave data for the waters around Korean peninsula is not enough to provide reliable wave statistics, the wave climate information has been generated by means of long-term wave hindcasting using available meteorological data. Basic data base of hindcasted wave parameters such as significant wave height, peak period and direction has been established continuously for the period of 25 years starting from 1979 and for major 106 typhoons for the past 53 years since 1951 for each grid point of the North East Asia Regional Seas with grid size of 18 km. Wind field reanalyzed by European Center for Midrange Weather Forecasts (ECMWF) was used for the simulation of waves for the extra-tropical storms, while wind field calculated by typhoon wind model with typhoon parameters carefully analyzed using most of the available data was used for the simulation of typhoon waves. Design wave heights for the return period of 10, 20, 30, 50 and 100 years for 16 directions at each grid point have been estimated by means of extreme wave analysis using the wave simulation data. As in conventional methodsi of design criteria estimation, it is assumed that the climate is stationary and the statistics and extreme analysis using the long-term hindcasting data are used in the statistical prediction for the future. The method of extreme statistical analysis in handling the extreme vents like typhoon Maemi in 2003 was evaluated for more stable results of design wave height estimation for the return periods of 30-50 years for the cost effective construction of coastal structures.

• Water for future
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• v.19 no.1
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• pp.75-86
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• 1986

This study aims at the analysis and application of PMP(Probable Maximum Precipitation)for the determination of design flood in the river basin planning and design of major hydraulic structures. PMP was estimated by hydro-meterological method statistical method and envelope curve method. PMF(Probable Maximum Flood)was then estimated from this PMP by synthetic unit hydrograph method and chow method. From the comparison of three methods for PMP estimation of magnitude of PMP in order of statistical, hydro-metrological, envelope curve method. Among PMP results estimated by each method it is believed that the hydro-meteorological method gave the best proper value in comparison with historical maximum rainfall because of this method reflected upon all meterological factor. From the comparison of PMP with probable rainfall and flood, it was shown that estimated value by statistical method and hydro-metrological method were nearly equivalent to the value of return period 100 years and its value of envelope curve method was equivalent to return period 200 to 500 year. It was found that PMF estimated from would be more safe for the design of major hydraulic structures in the consideration.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.11 no.1
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• pp.12-17
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• 2018

This study describes the design and implementation of Antenna for Digital Satellite Communication. The Antenna unit for SHF band consists of Reflector, Septom Polarizer, Feed Horn and Support Frame etc. Thought analysis of space environment before production, the possibility of the malfunction of equipment minimized and we designed a reliable Antenna through simulation for vibration and thermal analysis generated during the launch, and compared pre-simulation of main performance results to test results about main performances of Antenna after production. After fabricating the antenna, the maximum gain of the antenna main beam is 36.5dBi, which satisfies the requirement of 35dBi or more, and it also satisfies the requirement of -20dB for return loss of less than -24dB. Also, the isolation of the transmission and reception of the antenna is -22.6dB or less, which satisfies the requirement of -20dB or less. The antenna for digital satellite communication described in this paper can be used in the satellite field of geostationary earth orbit and low earth orbit requiring high reliability in the future.

• Journal of The Korean Society of Agricultural Engineers
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• v.51 no.1
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• pp.27-32
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• 2009

The objective of this study is to assess the feasibility of wastewater reuse for the vegetable farming. The study region, about 250 ha in size, is located on the west coast of Jejudo, Korea. Major agricultural products of the study area are the cabbage, broccoli, garlic and onion. To confirm the feasibility of wastewater reuse, the drought duration and the water requirement analysis were conducted respectively. The average annual precipitation of the study region (1,121 mm) was smaller than that of Jeju island (1,975 mm). The drought duration for a ten-year return period in October through November was more than 20 days. The water requirement for irrigation was calculated by the FAQ Penman-Monteith method which took into account the cultivated crops, planting system, and meteorological conditions of the study region. The water requirement for a ten-year return period was estimated 4.7 mm/day and the water demand for irrigation was $4,584\;m^3/day$. As a result, the irrigation water for the crops was insufficient during their breeding season, especially in October through November. Thus, the result indicated that the study region required the alternative water supply such as wastewater reuse during the non-rainy season. As drought continues to place considerable stress on the availability of fresh water supplies in the study region, irrigation with reclaimed wastewater will play an important role in helping to meet future water demands.

• 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.

• Water for future
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• v.29 no.3
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• pp.207-216
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• 1996

The subject research attempts to evaluate the variations of total runoff volume, peak flow, and travel time depending on the urbanhization, return periods and rainfall patterns under the situations that the preparation of a large residential site at the lowland areas of the downstream of Dongsu stream in Bupyung-Gu, Incheon city is progressed and the area will be eventually fully developed. The ILLUDAS model was used for the runoff analyses based on 3 differend steps of urbanization and 4 different types of Huff's quantile according to rainfall patterns is Huff's 4 quantile, Huff's 2 quantile, Huff's 3 quantile and Huff's 1 quantile. Under the 80 and 90 % of urbanization to the 70% of urbanization, the mean increasing ratio of total runoff volume for each case is 3.5 and 5.5 %, that of peak flow is 4.2 and 8.8%, and the mean decreasing ratio of travel time is 4.4 and 10.1%, respectively. The mean increasing ratio of total runoff volume according to the return periods is 3.0 and 5.4%, that of peak flow is 3.9 and 8.0% under the same conditions of urbanization.

• The Journal of the Korea Contents Association
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• v.22 no.5
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• pp.165-173
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• 2022

Recently, competition to provide specialized services for the information and communications industry has accelerated in terms of future technology and investment strategy of the Fourth Industrial Revolution. Technological innovations related to information and communications can be seen as increasing productivity, creating added value for companies, and playing a pivotal role in the development of economic growth. Therefore, efficient management of the information and communications industry is important. This study analyzes management efficiency stones for the top 30% of KOSDAQ-listed information and communications companies using dea, presents projected values of companies for efficient operation, and confirms benchmarking company references. We evaluated CCR efficiency, BCC efficiency, ranking, Scale Efficiency(SE), and Return To Scale (RTS) of KOSDAQ-listed information and communications businesses. The analysis showed CCR efficiency of 1, 14 companies, and 1 BCC efficiency, and Nanatan companies were analyzed as ten companies. Scale yield was analyzed by the IRS as four companies, 13 CRS and 13 DRS companies.

• Journal of Wetlands Research
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• v.17 no.1
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• pp.80-90
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• 2015

Variability of precipitation pattern and intensity are increasing due to the urbanization and industrialization which induce increasing impervious area and the climate change. Therefore, more severe urban inundation and flood damage will be occurred by localized heavy precipitation event in the future. In this study, we analyze the future frequency based precipitation under climate change based on the regional frequency analysis. The observed precipitation data from 58 stations provided by Korea Meteorological Administration(KMA) are collected and the data period is more than 30 years. Then the frequency based precipitation for the observed data by regional frequency analysis are estimated. In order to remove the bias from the simulated precipitation by RCP scenarios, the quantile mapping method and outlier test are used. The regional frequency analysis using L-moment method(Hosking and Wallis, 1997) is performed and the future frequency based precipitation for 80, 100, and 200 years of return period are estimated. As a result, future frequency based precipitation in South Korea will be increased by 25 to 27 percent. Especially the result for Jeju Island shows that the increasing rate will be higher than other areas. Severe heavy precipitation could be more and more frequently occurred in the future due to the climate change and the runoff characteristics will be also changed by urbanization, industrialization, and climate change. Therefore, we need prepare flood prevention measures for our flood safety in the future.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.43 no.3
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• pp.309-319
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• 2023

Recently, the frequency and intensity of meteorological disasters have increased due to climate change. In South Korea, there are regional differences in vulnerability and response capability to cope with climate change because of regional climate characteristics. In particular, drought results from various factors and is linked to extensive meteorological, hydrological, and agricultural impacts. Therefore, in order to effectively cope with drought, it is necessary to use a composite drought index that can take into account various factors, and to evaluate future droughts comprehensively considering climate change. This study evaluated hydrologic risk(${\bar{R}}$) of future drought in the Nakdong River basin based on the Dynamic Naive Bayesian Classification (DNBC)-based composite drought index, which was calculated by applying Standardized Precipitation Index (SPI), Streamflow Drought Index (SDI), Evaporate Stress Index (ESI) and Water Supply Capacity Index (WSCI) to the DNBC. The indices used in the DNBC were calculated using observation data and climate scenario data. A bivariate frequency analysis was performed for the severity and duration of the composite drought. Then using the estimated bivariate return periods, hydrologic risks of drought were calculated for observation and future periods. The overall results indicated that there were the highest risks during the future period (2021-2040) (${\bar{R}}$=0.572), and Miryang River (#2021) had the highest risk (${\bar{R}}$=0.940) on average. The hydrologic risk of the Nakdong River basin will increase highly in the near future (2021-2040). During the far future (2041-2099), the hydrologic risk decreased in the northern basins, and increased in the southern basins.