• The Korean Journal of Financial Studies
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• v.3 no.1
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• pp.213-231
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• 1996

In this study we conduct a specification test of at-the-money option volatility. Results show that the implied volatility estimate recovered from the Black-Scholes European option pricing model is nearly indistinguishable from the implied volatility estimate obtained from the Barone-Adesi and Whaley's American option pricing model. This study also investigates whether the use of Black-Scholes implied volatility estimates in American put pricing model significantly affect the prediction the prediction of American put option prices. Results show that, at long as the possibility of early exercise is carefully controlled in calculation of implied volatilities prediction of American put prices is not significantly distorted. This suggests that at-the-money option implied volatility estimates are robust across option pricing model.

• Korean Journal of Computational Design and Engineering
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• v.5 no.3
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• pp.224-231
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• 2000

In order to satisfy customers'various needs in the market, manufacturing companies tend to add similar variants to an existing product model. This variety causes immense growth of product configuration and makes data management uncontrollable. In order to resolve this problem, we propose a method to efficiently represent the variants in a single schema of product structure and configuration and manage the product configuration. First of all, the product structure which adopts the concept of features and options is suggested. Second, the method to represent option specifications which restricts option configurations is proposed. Finally, the prototype module, which inspects if a product configuration violates the option specifications, is introduced.

• The Korean Journal of Financial Management
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• v.26 no.3
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• pp.227-246
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• 2009

This study examines the dynamic hedging performances of the Black-Scholes model and Heston model when stock prices drift with stochastic volatilities. Using Monte Carlo simulations, stock prices consistent with Heston's(1993) stochastic volatility option pricing model are generated. In this circumstance, option traders are assumed to use the Black- Scholes model and Heston model to implement dynamic hedging strategies for the options written. The results of simulation indicate that the hedging performance of a mis-specified Black-Scholes model is almost as good as that of a fully specified Heston model. The implication of these results is that the efficacy of the dynamic hedging performances on evaluating the specifications of alternative option models can be limited.

• Journal of KIISE:Computing Practices and Letters
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• v.16 no.4
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• pp.507-511
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• 2010

In this paper, we propose to enhance the performance of software transcoder by using GPGPU for scaling filters. Video transcoding is a technique that translates a video file to another video file that has a different coding algorithm and/or a different frame size. Its demand increases as more multimedia devices with different specification coexist in our daily life. Since transcoding is computationally intensive, a software transcoder that runs on a CPU takes long processing time. In this paper, we achieve significant speed-up by parallelizing the scaling filter using a GPGPU that can provide significantly large computation power. Through extensive experiments with various video scripts of different size and with various scaling filter options, it is verified that the enhanced transcoder could achieve 36% performance improvement in the default option, and up to 101% in a certain option.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.66 no.10
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• pp.1454-1459
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• 2017

In spite of continuous increase of electric power demand and new generation plants, it is very difficult to install new transmission line. Therefore, it comes to be difficult to operate the power system stable, so it is required to find another way to get new transmission capacity. Because HVDC transmission system installation is the one of the best option for us, we have undertake the HVDC project in mainland. Buckdangjin-Goduck HVDC project(500kV, 3GW) is currently under construction and Eastern Power HVDC project(500kV, 8GW) is under the study for technical specification. Both of them have the Run-up SPS function for taking action of 765kV Transmission line fault. The Run-up SPS function increases the active power output of the HVDC rapidly when the transmission line between the power plant and network is tripped, thereby preventing the generator from overspeed and improving the power system stability. In this paper, we propose MEAC(Modified Equal Area Criteria) method based on traditional EAC method to quantitatively evaluate the effect of the HVDC run-up SPS function on the power system stability improvement.

• Clinical and Experimental Reproductive Medicine
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• v.42 no.2
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• pp.33-44
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• 2015

The generation of artificial gametes is a real challenge for the scientific community today. In vitro development of human eggs and sperm will pave the way for the understanding of the complex process of human gametogenesis and will provide with human gametes for the study of infertility and the onset of some inherited disorders. However, the great promise of artificial gametes resides in their future application on reproductive treatments for all these people wishing to have genetically related children and for which gamete donation is now their unique option of parenthood. This is the case of infertile patients devoid of suitable gametes, same sex couples, singles and those fertile couples in a high risk of transmitting serious diseases to their progeny. In the search of the best method to obtain artificial gametes, many researchers have successfully obtained human germ cell-like cells from stem cells at different stages of differentiation. In the near future, this field will evolve to new methods providing not only viable but also functional and safe artificial germ cells. These artificial sperm and eggs should be able to recapitulate all the genetic and epigenetic processes needed for the correct gametogenesis, fertilization and embryogenesis leading to the birth of a healthy and fertile newborn.

• 한국정보통신설비학회:학술대회논문집
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• 2009.08a
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• pp.275-280
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• 2009

Femtocells are viewed as a promising option for mobile operators to improve coverage and provide high-data-rate services in a cost-effective manner Femtocells can be used to serve indoor users, resulting in a powerful solution for ubiquitous indoor and outdoor coverage. TThe frequency accuracy and phase alignment is necessary for ensuring the quality of service (QoS) forapplications such as voice, real-time video, wireless hand-off, and data over a converged access medium at the femtocell. But, the GPS has some problem to be used at the femtocell, because it is difficult to set-up, depends on the satellite condition, and very expensive. The IEEE 1588 specification provides a low-cost means for clock synchronisation over a broadband Internet connection. The Time of Packet (ToP) specified in IEEE 1588 is able to synchronize distributed clocks with an accuracy of less than one microsecond in packet networks. However, the timing synchronization over packet switched networks is a difficult task because packet networks introduce large and highly variable packet delays. This paper proposes an enhanced filter algorithm to reduce ths packet delay variation effects and maintain ToP slave clock synchronization performance. The results are presented to demonstrate in the intra-networks and show the improved performance case when the efficient ToP filter algorithm is applied.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.9 no.6
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• pp.171-181
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• 2014

CSV(Creating Shared Value) model was proposed by Porter and Kramer (2011) to address relationship between businesses and society. Namely, it means that CSV deals with business value and social problem solving simultaneously. In this paper, the notion of CSV was applied to the food enterprise, and the cases of CSV with farming area were discovered. Especially, this paper proposed the framework for analyzing CSV activity based on the three-level of CSV suggested by Porter and Kramer (2011) and strategic options for vertical coordination proposed by Peterson et al. (2001). As a result of case analysis applying the proposed framework in this study, three types of CSV activity were discovered: Local food type, downstream support type, and joint corporate establish type. Local food type creates CSV based on momentary purchase or specification contract as strategic options for vertical coordination. Downstream support type creates CSV mainly based on relation-based alliance as a strategic option for vertical coordination. Lastly, joint corporate establish type creates CSV based on equity-based alliance as a strategic option for vertical coordination. This paper contributed to the CSV literatures for discovering cases of CSV with farming area and categorizing discovered cases applying proposed framework.

• Journal of Ocean Engineering and Technology
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• v.21 no.3 s.76
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• pp.46-51
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• 2007

A multi-purpose environmental monitoring system has been developed as a commercially available standard using the technique of hetero-core spliced fiber optic sensors, for the purposes of monitoring large-scale structures and preserving natural environments. The monitoring system has been tested and evaluated in a possible outdoor condition, in view of the full-scale operation at actual sites to be monitored. Additionally, the developed system in this work conveniently provides us with various options of sensor modules intended for monitoring such physical quantities as displacement, distortion, pressure, binary states, and liquid adhesion. Two channels of optical fiber line were monitored in each channel, three displacement sensor modules were connected in series, in order to examine the performance to a pseudo-cracking experiment in the outdoor situation and to clarify temperature influences an the system, in terms of the coupling of optical connectors and the OTDR stability. The results from the pseudo-cracking experiment agreed with the actual cracks, by means of calculation, based an the detected displacement values and their geometrical arrangement of the used sensor modules. The temperature change, ranging from 10 to $20^{\circ}C$ resulting from the 10-days free running operation, was found to influence the system stability of ${\pm}10{\mu}m$, primarily due to the coupling instability of the used optical connectors. It was found that fusion splicing, rather than the use of connectors, reduced the fluctuation dawn to ${\pm}2{\mu}m$. The specification and performance of various option modules have been demonstrated to show the capability of inspecting various physical quantities by use of the single system, which would be suitable for multi-purpose environmental monitoring.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.28 no.12A
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• pp.964-974
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• 2003

With increasing use of a personal mobile computer. the Mobile IPv6 is one of the main protocols that support mobility and complies with IPv6 specification. Similar to the mobile IPv6, the mobile IPv6 also has limitations on fast moving condition. The Hierarchical Mobile IPv6 is a solution that overcomes these limitations. The Hierarchical Mobile IPv6 is a micro mobility protocol that supports fast mobile IP handover and reduces signaling overhead with Mobility Anchor Point(MAP). But until now no paging method is applied to the Hierarchical Mobile IPv6 to reduce unnecessary signaling overhead and power consumption of mobile nodes. So, the paging mechanism for the Hierarchical Mobile IPv6 is proposed in this paper. the mechanism is implemented by making use of the destination option header and extension function and the last location algorithm. The results show that the Hierarchical Mobile IPv6 with the paging ability reduces the traffic of mobile networks by removing unnecessary binding update packet generated whenever handover takes place. Also, the larger the paging size is. the less the number of BU(Binding Update) massage generated.