• Management Science and Financial Engineering
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• v.19 no.2
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• pp.37-42
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• 2013

This paper suggests a numerical method for valuation of European and American options under the two L$\acute{e}$vy Processes, Normal Inverse Gaussian Model and the Variance Gamma model. The method is based on approximation of underlying asset price using a finite-state, time-homogeneous Markov chain. We examine the effectiveness of the proposed method with simulation results, which are compared with those from the existing numerical method, the lattice-based method.

• Proceedings of the Korean Geotechical Society Conference
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• 2010.03a
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• pp.213-220
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• 2010

This study presents a numerical simulation model of vertical ground heat exchangers, considering unsaturated hydro static ground conditions induced by the ground water table fluctuation. Heat transfer in ground and grout is modeled by a 3-D FEM transient conductive heat transfer model, where heat transfer between circulating fluid and heat exchanging pipe is treated as 1-D quasi steady state forced convective elements. To take into account the unsaturated ground condition, soil thermal conductivity and heat capacity which are dependent on the matric suction are applied to ground elements. Parametric studies considering various ground water table conditions are conducted to investigate the influence of unsaturated hydro static ground condition on the mean heat exchange rate of ground heat exchanger. Simulation results considering water table fluctuation show 60~100% of mean heat exchange rate for a saturated soil condition and 125~208% of that for a dry soil condition. Thus consideration of unsaturated soil condition is substantially recommended for more accurate design and performance evaluation for ground heat exchangers.

• Clean Technology
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• v.7 no.2
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• pp.151-159
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• 2001

Mathematical modeling and numerical simulation studies have been conducted for a falling film type absorber of the ammonia absorption heat pump. A rigorous absorber model has been developed by considering temperature effects on physical properties and its predictability proved far superior to that of existing models, which has been confirmed by the experimental data. Using the developed model, effects of cooling water condition - temperature and flow rate - on the efficiency of absorber has been examined. As the result of simulation, the efficiency of absorber has increased as the cooling water temperature has decreased and flow rate has increased.

• 한국연소학회:학술대회논문집
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• 2000.05a
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• pp.76-84
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• 2000

A numerical study was conducted for the investigation of thermal choking process in a model scramjet engine based on the experimental results at the Australian National University. The results of numerical simulation showed that thermal choking process could be related to the interaction between hypersonic flow and fuel-air mixing process. Especially, we could make sure that turbulent mixing was most important parameter to the thermal choking process.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2002.10a
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• pp.483-488
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• 2002

In this paper numerical algorithm for the continuum large crack model is proposed based on the return-mapping formulation. The numerical test results show that the present algorithm works appropriately under cyclic loading. It is also shown that in continuum damage models a large crack model to prevent excessive tensile plastic strain should be used to have realistic cyclic loading simulation results.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2001.04a
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• pp.275-282
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• 2001

In this paper, nonlinear analyses of RC (Reinforced Concrete) columns are conducted, and an improved criterion to estimate the design load carrying capacity of slender RC columns is proposed. To simulate the material nonlinearty including the cracking of concrete, the layer model is adopted, and the initial stress matrix is considered for the simulation of P- effect. After correlation studies with previous numerical results to verify the efficiency of the developed numerical model, many parameter studies are followed, and a regression formula which can give more exact resisting capacity of slender RC columns is introduced on the basis of the obtained numerical results.

• Wind and Structures
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• v.9 no.1
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• pp.75-93
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• 2006

This paper presents a quasi-steady model of vibrations of two cylinders in a side-by-side arrangement. The cylinders have flexible support and equal diameters. The model assumes that both cylinders participate in the process of vibration, each of them having two degrees of freedom. The movement of cylinders is described by a set of four non-linear differential equations. These equations are evaluated on the basis of a numerical simulation and experimental data. Moreover many features of cylinder vibrations are found from numerical results and are described in this paper.

• KEPCO Journal on Electric Power and Energy
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• v.7 no.1
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• pp.145-152
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• 2021

Environmental change due to construction of large offshore wind farm has been a debate for a long time in Korea. There are various data acquired on hydrodynamics around this area before and during construction of offshore wind farm but no data during operation could be made due to delayed schedule. In this study, environmental change such as bathymetry change and scouring was forecasted using MIKE, numerical hydrodynamics model, and its results were validated using the observation data before and during construction.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.10 no.2
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• pp.59-65
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• 1990

This study investigates the effects of human impact and precipitation on groundwater flow conditions at a small area in Dejima Upland using a transient three-dimensional simulation. To show the utility of the transient three-dimensional model, the results of the numerical model are compared with those of Theis problem for which analytical solution is available. It appears that over the time period studied, the results of the model agree well with the analytical solution. Simulation is undertaken for a period of 30days starting from May 1st, when irrigation starts. Groundwater flow patterns determined by a numerical model are presented in the form of plotted potential lines and discussed. Results of simulation clearly indicate that the groundwater flow system should be analysed using a transient three-dimensional model, especially for the region which is effected by human impact.

• Journal of the Korean Society of Safety
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• v.35 no.3
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• pp.96-104
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• 2020

The numerical simulations were conducted to investigate the thermal-fluid phenomena occurred inside the experimental apparatus during a PCCS, used to remove heat released in accidents from a containment of light water nuclear power plant, operation. Numerical simulations of the flow and heat transfer caused by wall condensation inside the containment simulation vessel (CSV), which equipped with 18 vertical heat exchanger tubes, were conducted using the commercial computational fluid dynamics (CFD) software ANSYS-CFX. Shear stress transport (SST) and the wall condensation model were used for turbulence closure and wall condensation, respectively. The simulation using the actual size of the apparatus. However, rather than simulating the whole experimental apparatus in consideration of the experimental cases, calculation resources, and calculation time, the simulation model was prepared only in CSV. Selective simulation was conducted to verify the effects of non-condensable gas(NC gas) concentration, CSV internal pressure, and wall sub-cooling conditions. First, as a result of the internal flow of CSV, it was observed that downward flow due to condensation occurred surface of the vertical tube and upward flow occurred in the distant place. Natural convection occurred actively around the heat exchanger tube. Due to this rising and falling internal flow, natural circulation occurred actively around the heat exchanger tubes. Next, in order to check the performance of built-in condensation model using according to the non-condensable gas concentration, CSV internal flow and wall sub-cooling, the heat flux values were compared with the experimental results. On average, the results were underestimated with and error of about 25%. In addition, the influence of CSV internal pressure and wall sub-cooling was small, but when the condensate was highly generated due to the low non-condensable gas concentration, the error was large compared to the experimental values. This is considered to be due to the nature of the condensation model of the CFX code. However, in spite of the limitations of CFD, it is valid to use the built-in condensation model of CFD for PCCS performance prediction from a conservative perspective.