• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.281-287
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• 2020

In capital budgeting practices, investment project evaluations based on the net present value (NPV) and the internal rate of return (IRR) represent the traditional evaluation techniques. Compared with the traditional methods, the modified internal rate of return (MIRR) gives the opportunity to evaluate an investment in certain projet, while taking the changes in cash flows over time and issuing shares such as dividing shares, bonuses, and dividend for each end of the investment year into account. Therefore, this study aims to evaluate an investment in the Malaysian construction sector utilizing financial data for 39 public listed companies operating in the Malaysian construction sector over the period from Jan 1, 2007, to December 30, 2018, based on the MIRR method. Stochastic was studied in this study to estimate the estimated probability by applying the Markov chain model to the MIRR method where the transition matrix has two possible movements of either Good (G) or Bad (B). it is found that the long-run probability of getting a good investment is higher than the probability of getting a bad investment in the long-run, where were the probabilities of good and bad are 0.5119, 0.4881, respectively. Hence, investment in the Malaysian construction sector is recommended.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.40 no.1
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• pp.50-56
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• 2017

The IRR (internal rate of return) is often used by investors for the evaluation of engineering projects. Unfortunately, it is widely known that it has serial flaws. Also, External rate of returns (ERRs) such as ARR (Average Rate of Return) or MIRR (MIRR, Modified Internal Rate of Return) do not differentiate between the real investment and the expenditure. The PRR (Productive rate of return) is faithful to the conception of the return on investment. The PRR uses the effective investment instead of the initial investment. In this paper, we examined two cases of the engineering project. the one is a traditional engineering project with financing activity, another is the project with R&D. Although the IRR has only one value, it overestimates or underestimate profitabilities of Engineering Projects. The ARR and the MARR assume that a returned cash reinvest other projects or assets instead of the project currently executing. Thus they are only one value of a project's profitability, unlike the IRR. But the ARR does not classify into the effective investment and non-investment expenditure. It only accepts an initial expenditure as for an investment. The MIRR also fails to classify into the investment and the expenditure. It has an error of making a loss down as the investment. The IRR works as efficiently as a NPW (Net Present Worth). It clearly expresses a rate of return in respect of an investment in an engineering project with a loan. And it shows its ability in an engineering project with a R&D investment.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.38 no.3
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• pp.95-99
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• 2015

The IRR(internal rate of return) is often used by investors for the evaluation of engineering projects. Unfortunately, it has serial flaws: (1) multiple real-valued IRRs may arise; (2) complex-valued IRRs may arise; (3) the IRR is, in special cases, incompatible with the net present value (NPV) in accept/reject decisions. The efforts of management scientists and economists in providing a reliable project rate of return have generated over the decades an immense amount of contributions aiming to solve these shortcomings. Especially, multiple internal rate of returns (IRRs) have a fatal flaw when we decide to accep it or not. To solve it, some researchers came up with external rate of returns (ERRs) such as ARR (Average Rate of Return) or MIRR (MIRR, Modified Internal Rate of Return). ARR or MIRR. will also always yield the same decision for a engineering project consistent with the NPV criterion. The ERRs are to modify the procedure for computing the rate of return by making explicit and consistent assumptions about the interest rate at which intermediate receipts from projects may be invested. This reinvestment could be either in other projects or in the outside market. However, when we use traditional ERRs, a volume of capital investment is still unclear. Alternatively, the productive rate of return (PRR) can settle these problems. Generally, a rate of return is a profit on an investment over a period of time, expressed as a proportion of the original investment. The time period is typically the life of a project. The PRR is based on the full life of the engineering project. but has been annualised to project one year. And the PRR uses the effective investment instead of the original investment. This method requires that the cash flow of an engineering project must be separated into 'investment' and 'loss' to calculate the PRR value. In this paper, we proposed a tabulated form for easy calculation of the PRR by modifing the profit and loss statement, and the cash flow statement.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.31 no.3
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• pp.74-79
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• 2008

The reinvestment assumption of the internal rate of return(IRR) method may not be valid in an engineering economy study. This situation, coupled with the computational demands and possible multiple interest rate associated with the IRR method, has given rise to other rate of return methods, such as the external rate of return(ERR) method, that can remedy some of these weaknesses. But ERRs are not used generally. We present another rate of return including all attributes of the minimum attractive rate of return(MARR).

• Proceedings of the KIEE Conference
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• 2002.07d
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• pp.2234-2236
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• 2002

In this paper, realized an automation system that applies the automobile electromotive mirror using CAN(Controller Area Network : ISO l1898). CAN is being used mainly in ECUs (Electronic Control Units) connection of control system or automobile inside. And it has high reliability in the various network protocol. To be realized position system, Automobile Electro mirror, has a strong point that estabilishment e decrease and ease of maintenance it compare PPP(Point-to-point) method of existed. The realization composed of three portions. One Input Slave Con which accept a user's input, another Output Slave Co which drove it makes the motor of electromotive mirr other Master Controller which interfacing the two Controller. Automobile electromotive mirror realized time system that will be able to minize the delay t point of time user's input until output point of time mirror.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.32 no.4
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• pp.124-127
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• 2009

When multiple rates of return occur, none of them is an accurate portrayal of project acceptability or profitability. For the simple investment situation, it was known that the IRR can serve as an appropriate index for either accepting or rejecting the investment. But, in this situation, we present that the IRR criterion is not same to DCF criterion. On the contrary we can easily show that the RRR criterion is completely consistent with the DCF criterion. Thus, the RRR is very well match for an accurate portrayal of project acceptability or profitability.

• Proceedings of the Korea Information Processing Society Conference
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• 2023.11a
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• pp.493-494
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• 2023

음성 기반의 감정 분석은 인간의 감정을 정확하게 파악하는 데 중요한 연구 분야로 자리잡고 있다. 최근에는 wav2vec2.0과 같은 트랜스포머 기반의 모델이 음성 인식 분야에서 뛰어난 성능을 보이며 주목받고 있다. 본 연구에서는 wav2vec2.0 모델을 활용하여 한국어 감성 발화 데이터에 대한 감정 분류를 위한 데이터 샘플링 전략을 제안한다. 실험을 통해 한국어 음성 감성분석을 위해 학습 데이터를 활용할 때 감정별로 샘플링하여 데이터의 개수를 유사하게 하는 것이 성능 향상에 도움이 되며, 긴 음성 데이터부터 이용하는 것이 성능 향상에 도움이 됨을 보인다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.12
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• pp.6128-6134
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• 2012

In so many real estate development projects, there were strong needs to have a powerful tool to check feasibility of those projects. But there were not enough tool and measure to cover risk of real estate development and construction. Therefore I tried to find a real tool to measure investment value of development properly and efficiently, by means of case studies of many real estate development projects. Finally I found a fact that no tools of investment value analysis are perfect and efficient to hedge all kinds of risks in projects. Especially NPV(Net Present Value) and IRR(Internal Rate of Return) were not sufficient by themselves to measure investment value. So I found out that MIRR(Modified IRR), XIRR(X-IRR), ARR(Average Rate of Return), PP(Payback Period) and so on, would be supplementaries of proper and efficient investment value analysis.

• The Transactions of the Korea Information Processing Society
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• v.13 no.4
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• pp.174-180
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• 2024

In this paper, we explore an emotion classification method through multimodal learning utilizing wav2vec 2.0 and KcELECTRA models. It is known that multimodal learning, which leverages both speech and text data, can significantly enhance emotion classification performance compared to methods that solely rely on speech data. Our study conducts a comparative analysis of BERT and its derivative models, known for their superior performance in the field of natural language processing, to select the optimal model for effective feature extraction from text data for use as the text processing model. The results confirm that the KcELECTRA model exhibits outstanding performance in emotion classification tasks. Furthermore, experiments using datasets made available by AI-Hub demonstrate that the inclusion of text data enables achieving superior performance with less data than when using speech data alone. The experiments show that the use of the KcELECTRA model achieved the highest accuracy of 96.57%. This indicates that multimodal learning can offer meaningful performance improvements in complex natural language processing tasks such as emotion classification.

• Resources Recycling
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• v.9 no.4
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• pp.16-27
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• 2000

In order to produce raw material powder of advanced magnetic material by spray roasting process, newly modified spray roasting system was developed in this work. In this spray roasting system, raw material solution was effectively atomized and sprayed into the reaction furnace. Also, uniform temperature distribution inside reaction furnace made thermal decomposition process fully completed, and produced powder was effectively collected in cyclone and bag filter. This system equipped with apparatus which can purify hazard produced gas. In this study complex acid solution was prepared by dissolution of mill scale and ferro-Mn into the acid solution, and the pH of this complex acid solution was controlled about to 4. It was conformed that mill scale and ferro-Mn containing a lot of impurities such as $SiO_2$, P and Al could be used as raw material by reducing the impurities content of complex acid solution below 20 ppm. Complex oxide powder of Fe-Mn system was produced by spraying purified complex acid solution into the spray roaster through nozzle, and the variations of produced powder characters were studied by changing he reaction conditions such as reaction temperature, the injection velocity of solution and air, nozzle tip size and concentration of solution. The morphology of produced powder had spherical shape under the most experimental conditions, and concentration of solution. The morphology of produced powder has spherical shape under the most experimental conditions, and the composition and the particle size distribution were almost uniform, which tells the excellence of this spray roasting system. The grain size of most produced powder was below 100 nm. From the above results, it will be possible to produce ultra fine oxide powder from the chloride of Fe, Mn, Ni, Cu and rare earth by using this spray roasting system, and also to produce ultra fine pure metal powder by changing reaction atmosphere.