• East Asian Economic Review
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• v.16 no.1
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• pp.25-66
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• 2012

The paper analyzes the effect of expected future demand on the investment decisions of multinational enterprises. In particular, I explore the issue of the timing of switching between exporting and FDI in the host developing country and explicitly incorporate the firm's attitude toward risk in the model. The model demonstrates that the optimal time for switching to FDI depends on the expected future demand and the degree of its uncertainty.

• Proceedings of the Korea Water Resources Association Conference
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• 2010.05a
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• pp.591-595
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• 2010

Conventional methods of model evaluation usually rely only on model performance based on a comparison of simulated variables to corresponding observations. However, this type of model evaluation has been criticized because of its insufficient consideration of the various uncertainty sources involved in modeling processes. This study aims to propose an extended model evaluation method using multiple assesment indices (MAIs) that consider not only the model performance but also the model structure and parameter uncertainties in rainfall-runoff modeling. A simple reservoir model (SFM) and distributed kinematic wave models (KWMSS1 and KWMSS2 using topography from 250m, 500m, and 1km digital elevation models) were developed and assessed by three MAIs for model performance, model structural stability, and parameter identifiability. All the models provided acceptable performance in terms of a global response, but the simpler SFM and KWMSS1 could not accurately represent the local behaviors of hydrographs. In addition, SFM and KWMSS1 were structurally unstable; their performance was sensitive to the applied objective functions. On the other hand, the most sophisticated model, KWMSS2, performed well, satisfying both global and local behaviors. KMSS2 also showed good structural stability, reproducing hydrographs regardless of the applied objective functions; however, superior parameter identifiability was not guaranteed. Numerous parameter sets could lead to indistinguishable hydrographs. This result supports that while making a model complex increases its performance accuracy and reduces its structural uncertainty, the model is likely to suffer from parameter uncertainty. The proposed model evaluation process can provide an effective guideline for identifying a reliable hydrologic model.

• Environmental and Resource Economics Review
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• v.14 no.1
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• pp.75-100
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• 2005

This study attempts to empirically investigate the respondents' preference uncertainty involved in stating their willingness to pay (WTP). In the contingent valuation (CV) survey, we employed two approaches using two split samples. The respondents of one sample were given the opportunity to express intensity of preference through polychotomous choice (PC) WTP question. Those of the other sample were given a follow-up question of confidence measure (0~100%). By incorporating the two elicited degrees of preference uncertainty into examining the WTP responses, we take a comparison of the two approaches in terms of the goodness-of-fit of the examination and the efficiency of the mean WTP estimates. In comparing the DC model with the PC models, the DC model provides more efficient estimates. Moreover, the conventional DC model give some gains in terms of the goodness-of-fit and efficiency in comparing with the PC model most similar to this model. In this specific study, incorporating the preference uncertainty in DC model results greater estimates than conventional DC model without loss of goodness-of-fit and efficiency. This implies that the consideration of preference uncertainty on DC model could correct underestimating. We conclude that DC model provides a better estimate of WTP and preference uncertainty could be a critical information on the DC-CV estimation.

• Journal of Wetlands Research
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• v.12 no.3
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• pp.155-163
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• 2010

The flash flood is characterized as flood leading to damage by heavy rainfall occurred in steep slope and impervious area with short duration. Flash flood occurs when rainfall exceeds Flash Flood Guidance(FFG). So, the accurate estimation of FFG will be helpful in flash flood forecasting and warning system. Say, if we can reduce the uncertainty of rainfall-runoff relationship, FFG can be estimated more accurately. However, since the rainfall-runoff models have their own parameter characteristics, the uncertainty of FFG will depend upon the selection of rainfall-runoff model. This study used four rainfall-runoff models of HEC-HMS model, Storage Function model, SSARR model and TANK model for the estimation of models' uncertainties by using Monte Carlo simulation. Then, we derived the confidence limits of rainfall-runoff relationship by four models on 95%-confidence level.

• Proceedings of the Korea Water Resources Association Conference
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• 2009.05a
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• pp.2215-2219
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• 2009

For model calibration in rainfall-runoff modeling, streamflow data at a specific outlet is obviously required but is not sufficient to identify parameters of a model since numerous parameter combinations can result in very similar model performance measures (i.e. objective functions) and indistinguishable simulated hydrographs. This phenomenon has been called 'equifinality' due to inherent parameter uncertainty involved in rainfall-runoff modeling. This study aims to investigate catchment responses in time and space to various uncertain parameter sets in distributed rainfall-runoff modeling. Seven plausible (or behavioral) parameter sets, which guarantee identically-good model performances, were sampled using deterministic and stochastic optimization methods entitled SCE and SCEM, respectively. Then, we applied them to a computational tracer method linked with a distributed rainfall-runoff model in order to trace and visualize potential origins of streamflow at a catchment outlet. The results showed that all hydrograph simulations based on the plausible parameter sets were performed equally well while internal catchment responses to them showed totally different aspects; different parameter values led to different distributions with respect to the streamflow origins in space and time despite identical simulated hydrographs. Additional information provided by the computational tracer method may be utilized as a complementary constraint for filtering out non-physical parameter set(s) (or reducing parameter uncertainty) in distributed rainfall-runoff modeling.

• 한국방재학회:학술대회논문집
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• 2008.02a
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• pp.723-726
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• 2008

It is not always easy to estimate the parameters in hydrologic models due to insufficient hydrologic data when hydraulic structures are designed or water resources plan are established, uncertainty analysis, therefore, are inevitably needed to examine reliability for the estimated results. With regard to this point, this study applies a Bayesian Markov Chain Monte Carlo scheme to the NWS-PC rainfall-runoff model that has been widely used, and a case study is performed in Soyang Dam watershed in Korea. The NWS-PC model is calibrated against observed daily runoff, and thirteen parameters in the model are optimized as well as posterior distributions associated with each parameter are derived. The Bayesian Markov Chain Monte Carlo shows a improved result in terms of statistical performance measures and graphical examination. The patterns of runoff can be influenced by various factors and the Bayesian approaches are capable of translating the uncertainties into parameter uncertainties. One could provide against an expected runoff event by utilizing information driven by Bayesian methods. Therefore, the rainfall-runoff analysis coupled with the uncertainty analysis can give us an insight in evaluating flood risk and dam size in a reasonable way.

• Bulletin of the Korean Chemical Society
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• v.22 no.3
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• pp.251-252
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• 2001

• Nuclear Engineering and Technology
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• v.37 no.2
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• pp.139-150
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• 2005

A robust control design procedure for a nuclear reactor has been developed and experimentally validated on the Penn State TRIGA research reactor. The utilization of the robust controller as a component of an autonomous control system is also demonstrated. Two methods of specifying a low order (fourth-order) nominal-plant model for a robust control design were evaluated: 1) by approximation based on the 'physics' of the process and 2) by an optimal Hankel approximation of a higher order plant model. The uncertainty between the nominal plant models and the higher order plant model is supplied as a specification to the ,u-synthesis robust control design procedure. Two methods of quantifying uncertainty were evaluated: 1) a combination of additive and multiplicative uncertainty and 2) multiplicative uncertainty alone. The conclusions are that the optimal Hankel approximation and a combination of additive and multiplicative uncertainty are the best approach to design robust control for this application. The results from nonlinear simulation testing and the physical experiments are consistent and thus help to confirm the correctness of the robust control design procedures and conclusions.

• Earthquakes and Structures
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• v.17 no.2
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• pp.131-141
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• 2019

Structural control systems have uncertainties in their structural parameters and control devices which by using reliability analysis, uncertainty can be modeled. In this paper, reliability of controlled structures equipped with semi-active Magneto-Rheological (MR) dampers is investigated. For this purpose, at first, the effect of the structural parameters and damper parameters on the reliability of the seismic responses are evaluated. Then, the reliability of MR damper force is considered for expected levels of performance. For sensitivity analysis of the parameters exist in Bouc- Wen model for predicting the damper force, the importance vector is utilized. The improved first-order reliability method (FORM), is used to reliability analysis. As a case study, an 11-story shear building equipped with 3 MR dampers is selected and numerically obtained experimental data of a 1000 kN MR damper is assumed to study the reliability of the MR damper performance for expected levels. The results show that the standard deviation of random variables affects structural reliability as an uncertainty factor. Thus, the effect of uncertainty existed in the structural model parameters on the reliability of the structure is more than the uncertainty in the damper parameters. Also, the reliability analysis of the MR damper performance show that to achieve the highest levels of nominal capacity of the damper, the probability of failure is greatly increased. Furthermore, by using sensitivity analysis, the Bouc-Wen model parameters which have great importance in predicting damper force can be identified.

• Nuclear Engineering and Technology
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• v.56 no.2
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• pp.762-769
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• 2024

The TMSR-SF0 simulator is an integral effect thermal-hydraulic experimental system for the development of thorium molten salt reactor (TMSR) program in China. The simulator has two heat transport loops with liquid FLiNaK. In literature, the 95% level confidence uncertainties of the thermophysical properties of FLiNaK are recommended, and the uncertainties of density, heat capacity, thermal conductivity and viscosity are ±2%, ±10, ±10% and ±10% respectively. In order to investigate the effects of thermophysical properties uncertainties on the molten salt heat transport system, the uncertainty and sensitivity analysis of the heat transfer characteristics of the simulator system are carried out on a RELAP5 model. The uncertainties of thermophysical properties are incorporated in simulation model and the Monte Carlo sampling method is used to propagate the input uncertainties through the model. The simulation results indicate that the uncertainty propagated to core outlet temperature is about ±10 ℃ with a confidence level of 95% in a steady-state operation condition. The result should be noted in the design, operation and code validation of molten salt reactor. In addition, more experimental data is necessary for quantifying the uncertainty of thermophysical properties of molten salts.