• East Asian mathematical journal
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• v.36 no.1
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• pp.55-60
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• 2020

We study a probabilistic approach for valuing an exchange option with default risk. The structural model of Klein [6] is used for modeling default risk. Under the structural model, we derive the closed-form pricing formula of the exchange option with default risk. Specifically, we provide the pricing formula of the option with the bivariate normal cumulative function via a change of measure technique and a multidimensional Girsanov's theorem.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.26 no.9
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• pp.1412-1422
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• 2022

The importance of interoperability between weapon systems is continuously increasing. Usually it is implemented by data exchange. The existence of information heterogeneities between systems decreases the efficiency and quality of the implementations enterprise-widely. Many other developed countries increase the efficiency and quality of the implementations by using information exchange model commonly. However, Korean military is still not aware of the importance and necessity of the model. This study explains the necessity of development and adaptation of the Korea command and control information exchange model(KC2IEM), and presents the methodology for the development of the model, and verifies and improves it through a prototype model development. The completion of the information exchange model could not be possible by academic research, therefore this study contributes as a motivation and a stepping stone for the following developments.

• Transactions of the Korean Society of Machine Tool Engineers
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• v.13 no.3
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• pp.30-36
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• 2004

The exchange of model design data among heterogeneous CAD systems is very difficult because each CAD system has different data structures suitable for its own functions. STEP represents product information in a common computer-interpretable form that is required to remain complete and consistent when the product information is needed to be exchanged among different computer systems. However, STEP has complex architecture to represent point, line, curve and vectors of element. Moreover it can't represent geometry data of feature based models. In this study, a structure of XML document that represents geometry data of feature based models as neutral format has been developed. To use the developed XML document, a converter also has been developed to exchange modules so that it can exchange feature based data models among heterogeneous CAD systems. Developed XML document and Converter have been applied to commercial CAD systems.

• East Asian Journal of Business Economics (EAJBE)
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• v.3 no.4
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• pp.9-15
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• 2015

The exchange rate is a very important macro variable that has influence on the whole economy and has, therefore, been the topic of many discussions amongst policymakers, academics and other economic agents. The issue of whether to have a fixed, pegged or floating exchange rate regime was highly debated during the 1970s. The purpose of this paper is to investigate what factors determine the exchange rate in Somalia. Quantitative research methodology has been employed to develop regression model using time series data for the period of 12 years. The regression model has been developed based on Quantity theory of money, purchasing power parity and uncovered interest rate parity theory. Somalia is on the countries where the highest exchange rate volatility exists; for example in 2012, the rate jumped 29% percent and two weak later dropped 21%, when Turkish humanitarian aid agencies injected the market a lot of U.S dollar. Based on my study using regression model for time series data of 12 years, the four factors are mainly attributable for the exchange rate volatility of Somalia; these factors include the balance of payment, inflation rate, money supply (mostly come from remittance and NGOs) and Bank profits.

• The Journal of Industrial Distribution & Business
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• v.9 no.6
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• pp.15-24
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• 2018

Purpose - The adjustment of one country's monetary policy can cause the macroeconomic change of other countries. Due to this, this paper attempts to analyze the impact of China's monetary policy on South Korea's exchange rate. Research design, data, and methodology - Based on the flexible-price monetary model, sets of annual time series from 1980 to 2017 are employed to perform an empirical estimation. The vector error correction model is also used to exploit the short-run relationship between both of them. Of course, the South Korea's real GDP, the China's real GDP, South Korea's interest rate, the South Korea's interest rate and the South Korea's monetary supply are treated as independent variables in this paper. Result - The long-run findings reveal that the China's money supply has a negative effect on South Korea's exchange rate. Respectively, the short-run findings depicts that the China's money supply has negative a effect on South Korea's exchange rate. Of course, other variables selected in this paper also have an effect on South Korea's exchange rate whatever positive or negative. Conclusions - As the empirical evidence shows, the China's monetary policy has a negative effect on South Korea's exchange rate whenever in the long run or in the short run.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.12
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• pp.295-303
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• 2021

The aim of this study is to analyze the effects of oil prices on economic growth and exchange rate in Saudi Arabia during the period 1980-2020. For this purpose, the linear and nonlinear ARDL models are estimated. The linear ARDL model shows that the oil price and economic growth are cointegrated. Moreover, the two variables have a significant positive association in the long run. However, the oil price has no significant impact on the exchange rate. When estimating the nonlinear ARDL model, it has been shown that oil price is only cointegrated with economic growth but not with the exchange rate. The estimation of nonlinear effects using the nonlinear ARDL model shows that economic growth is affected by both positive and negative oil shocks in the long run. However, the impact of positive shocks is higher than those of negative shocks. Moreover, results show that the short-run effects of positive and negative oil shocks are not statistically significant. Regarding the exchange rate, our results show that the effects of positive and negative oil shocks are not statistically significant. Consequently, this study concludes that the oil price has an asymmetric effect on economic growth in Saudi Arabia, but not on the exchange rate.

• Proceedings of the Korean Society for Bioinformatics Conference
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• 2006.02a
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• pp.30-36
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• 2006

Tissue microarray (TMA) is an array-based technology allowing the examination of hundreds of tissue samples on a single slide. To handle, exchange, and disseminate TMA data, we need standard representations of the methods used, of the data generated, and of the clinical and histopathological information related to TMA data analysis. This study aims to create a comprehensive data model with flexibility that supports diverse experimental designs and with expressivity and extensibility that enables an adequate and comprehensive description of new clinical and histopathological data elements. We designed a Tissue Microarray Object Model (TMA-OM). Both the Array Information and the Experimental Procedure models are created by referring to Microarray Gene Expression Object Model, Minimum Information Specification For In Situ Hybridization and Immunohistochemistry Experiments (MISFISHIE), and the TMA Data Exchange Specifications (TMA DES). The Clinical and Histopathological Information model is created by using CAP Cancer Protocols and National Cancer Institute Common Data Elements (NCI CDEs). MGED Ontology, UMLS and the terms extracted from CAP Cancer Protocols and NCI CDEs are used to create a controlled vocabulary for unambiguous annotation. We implemented a web-based application for TMA-OM, supporting data export in XML format conforming to the TMA DES or the DTD derived from TMA-OM. TMA-OM provides a comprehensive data model for storage, analysis and exchange of TMA data and facilitates model-level integration of other biological models.

• Korean Journal of Computational Design and Engineering
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• v.7 no.4
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• pp.240-247
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• 2002

Most commercial CAD systems provide parametric modeling functions, and by using these capabilities designers can edit a CAD model in order to create design variants. It is necessary to transfer parametric information during a CAD model exchange to modify the model inside the receiving system. However, it is not possible to exchange parametric information of CAD models based on the cur-rent version of STEP. The designer intents which are contained in the parametric information can be lost during the STEP transfer of CAD models. This paper introduces a hybrid CAB model translator, which also uses the feature tree of commercial CAD systems in addition to the macro file to allow transfer of parametric information. The macro-parametric approach is to exchange CAD models by using the macro file, which contains the history of user commands. To exchange CAD models using the macro-parametric approach, the modeling commands of several commercial CAD systems are analyzed. Those commands are classified and a set of standard modeling commands has been defined. As a neutral fie format, a set of standard modeling commands has been defined. Mapping relations between the standard modeling commands set and the native modeling commands set of commercial CAD systems are defined. The scope of the current version is limited to parts modeling and assemblies are excluded.

• Journal of Ship and Ocean Technology
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• v.9 no.3
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• pp.23-32
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• 2005

Ship STEP(Standard for the Exchange of Product Model Data) which is composed of AP 215 (Ship Arrangement), AP 216(Ship Hull Form), AP 218 (Ship Structure), has been developed more than last 10 years and it is now at the stage just before IS(International Standard). It is expected that ship STEP would be used for the seamless data exchange among various CAD/CAM/CAE systems of shipbuilding process. In this paper the huge and complicated data structure of ship STEP is briefly reviewed at the level of ARM(Application Reference Model) and some abstract test cases which will be included as part of the standards are introduced. Basically ship STEP has common data model to be used without losing compatibility among those three different ship AP's, and it is defined as the modeling framework. Typical cases of data exchange during shipbuilding process, such as hull form data exchange between design office and model basin, midship structure data between shipbuilding yard and classification society are reviewed and STEP physical data are generated using commercial geometric modeling kernel. Test cases of ship arrangement at initial design stage and hydrodynamic data of crude oil carrier are also included.

• Proceedings of the CALSEC Conference
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• 2003.09a
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• pp.45-53
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• 2003

This paper addresses the issues related to the development of product model and applications fer nuclear power plants based on STEP and PLIB standards. The ISO standards which can be applied are; STEP(Standard for the Exchange of Product Model Data) AP(application protocol) 221/231, AP 230/225, AP 227, ISO 13584 PLIB, ISO 15926 RDL. The data models of the AP's and ISO 15926 RDL are reviewed and an application system is proposed to exchange and share the design data of the nuclear power plant.