• 기술혁신학회지
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• 제5권2호
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• pp.141-151
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• 2002

Many technology investment projects can be considered as set of sequential options. A compound real option can be used for evaluating sequential technology investment decisions under significant uncertainty and measuring its value. In this paper, the formula developed by Geske and Johnson(1984) and Buraschi and Dumas(2001) was applied to evaluate the technology investment with related double real option. Also double real option was com-pared with net present value method and multiple linear regression model was used to assess the partial effects of risk free rate and log-term volatility on its value.

• 천문학회보
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• 제38권2호
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• pp.57.1-57.1
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• 2013

We investigate the method to measure both the present value of the matter energy density contrast and the Hubble parameter directly from the measurement of the linear growth rate which is obtained from the large scale structure of the Universe. From this method, one can obtain the value of the nuisance cosmological parameter $\Omo$ (the present value of the matter energy density contrast) within 3% error if the growth rate measurement can be reached $z >3.5$. One can also investigate the evolution of the Hubble parameter without any prior on the value of $H_0$ (the current value of the Hubble parameter). Especially, estimating the Hubble parameter are insensitive to the errors on the measurement of the normalized growth rate $f \sigma_8$. However, this method requires the high $z$ ($z >3.5$) measurement of the growth rate in order to get the less than 5% errors on the measurements of $H(z)$ at $z \leq 1.2$ with the redshift bin $\Delta z = 0.2$. Thus, this will be suitable for the next generation large scale structure galaxy surveys like WFMOS and LSST.

• 보건행정학회지
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• 제28권1호
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• pp.77-86
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• 2018

Background: The purpose of this study is to emphasize the importance and necessity of the government's old-age preparation service by measuring the economic value of the old-age service and the policy direction and policy implications of the government's old-age preparation service project. Methods: Contingent Valuation Method (CVM) was used as an analytical method. CV methodology was used to calculate the Willingness to pay (WTP) for old-age preparation service and its value was estimated and the economic benefit of the project was estimated. Results: As a result of the analysis, the average monthly payment amount for the old service was calculated as 5,100 won, and the annual average payment amount was estimated to be 61,197.1 won. Conclusion: The present value of the benefit for 10 years with the discount rate of 5.5% is 484,651 won. Based on the value of peruser benefit, the total benefit value calculation result of the old-age preparation service considering the Willingness to pay for the next 10 years shows that the total benefit value of the old service, which occurs during the period from 2016 to 2025(10 years) was estimated at 415.1 billion won. As a result of calculating the benefit for each scenario, the present value of basic service is higher in all scenarios than the linked service.

• 수산경영론집
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• 제54권2호
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• pp.1-14
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• 2023

The sustainability of fishing villages is threatened by manpower shortages due to population aging and poor settlement conditions. In the reality of poor fishing villages, the importance of women's labor is more emphasized than that of the past because female workers are key workers in fishing labor, processing and sales of marine products. However, policy support for female fishermen is not sufficient. The reason for this is that policy makers did not properly recognize the labor value of female fishermen. In fact, fishing villages have emphasized the importance of female workforce as a slogan, but there has been no attempt to estimate the labor value. There was not even a review of the methodology for estimating the value of labor that was attempted in similar fields. As a result, the policy importance of female fishermen was underestimated for there was no attempt to evaluate their value even though women had been continuously participating in the fishery from the past. Female fishermen's labor is under the dual labor structure of housework and fishing labor. Therefore, in this study, housework and fishing labor were estimated separately and the total labor value was calculated. The basic data necessary for estimating the labor value of female fishermen were obtained through a survey. The method of estimating the labor value of female fishermen was used in combination with the present income method and the total replacement cost method. As a result of the study, the total labor value of female fishermen was about 4.4 trillion won, which is about half of the total fishery production of 9 trillion won in Korea.

• Journal of applied mathematics & informatics
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• 제28권3_4호
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• pp.813-821
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• 2010

In this paper, the tenth-order linear boundary value problems are solved using reproducing kernel method. The algorithm developed approximates the solutions, and their higher-order derivatives, of differential equations and it avoids the complexity provided by other numerical approaches. First a new reproducing kernel space is constructed to solve this class of tenth-order linear boundary value problems; then the approximate solutions of such problems are given in the form of series using the present method. Three examples compared with those considered by Siddiqi, Twizell and Akram [S.S. Siddiqi, E.H. Twizell, Spline solutions of linear tenth order boundary value problems, Int. J. Comput. Math. 68 (1998) 345-362; S.S.Siddiqi, G.Akram, Solutions of tenth-order boundary value problems using eleventh degree spline, Applied Mathematics and Computation 185 (1)(2007) 115-127] show that the method developed in this paper is more efficient.

• 대한수학회지
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• 제45권3호
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• pp.631-644
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• 2008

In this paper, we present a new method for solving a nonlinear two-point boundary value problem with finitely many singularities. Its exact solution is represented in the form of series in the reproducing kernel space. In the mean time, the n-term approximation $u_n(x)$ to the exact solution u(x) is obtained and is proved to converge to the exact solution. Some numerical examples are studied to demonstrate the accuracy of the present method. Results obtained by the method are compared with the exact solution of each example and are found to be in good agreement with each other.

• 한국구조물진단유지관리공학회 논문집
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• 제4권4호
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• pp.171-180
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• 2000

This study aims to present a more reasonable control value than the exiting one by comparing and analyzing control values and field instrumentation values of the whole excavation depth of the four case sites using geometric averaging as a statistical method. The range of the study is confined to three things: (1) the axial force of the braced excavation walls among a variety of items prescribed in the control values by stress deformation of walls and adjacent structures; (2) by approximation of the allowable and design value; (3) and by safety factor. As a res it is desirable to revise "(Long term allowable stress + Short term allowable stress)/2 ~ Short term allowable stress," presented in the present control values by stress deformation of walls and adjacent structures, to "(Long term allowable stress + Short term allowable stress)/5 ~ (Short term allowable stress)/3." The result also shows that since there is a difference of about 3.5%, it is not necessary to revise 70, 90, and 100 percent of LEVEL I, II, and III, prescribed in the control values by the allowable and design value approximation. In addition, modifying the control value by the safety factor, now 1.07, is unnecessary, although it varies little difference from the present value.

• Journal of the Korean Society for Industrial and Applied Mathematics
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• 제26권3호
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• pp.138-155
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• 2022

To solve the initial value problem we present a new single-step implicit method based on the Euler method. We prove that the proposed method has convergence order 2. In practice, numerical results of the proposed method for some selected examples show an error tendency similar to the second-order Taylor method. It can also be found that this method is useful for stiff initial value problems, even when a small number of nodes are used. In addition, we extend the proposed method by using weighted averages with a parameter and show that its convergence order becomes 2 for the parameter near $\frac{1}{2}$. Moreover, it can be seen that the extended method with properly selected values of the parameter improves the approximation error more significantly.

• 재무관리연구
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• 제4권1호
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• pp.45-58
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• 1988

This paper is to examine the relevance of banarptcy Costs (BC) to Capital Structure with three related purposes: whether or not BC are trival,, a proxy methodology for estimating BC, the present value of expected BC vs tax benefits' trade off. For these purposes, the samples includes 19 industrial firms which went bankrupt over period 1970-78 and secondly seven large Companies which went bankrnpt recently in the U.S. The results are quite strong that BC are not trival. In many cases they exceed 20% of the value of the firm measured just prior to bankruptcy. Direct BC are explicit and administrative costs paid by debtor in reorganization/liqaidation process. Indirect BC are essentially defined as unexpected losses and estimated in two way: a regression method and security analyst's forcasts. The present value of expected BC for many of the bankrupt firm is found to exceed the present value of tax benefits from leverage. This implies that firms were overleveraged and that a potentially important ingredient in the discussion of optimum capital structure is indeed the BC factor. Therefore, BC are relevant to the cost of capital structure decision and should he considered seriously.

• 전기학회논문지
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• 제64권1호
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• pp.29-34
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• 2015

This paper presents a method to select optimal device for mitigating voltage sags. The method is based on economic evaluation and voltage sag assessment involving sag duration as well as magnitude. The economic evaluation is performed by using the operation cost and economic benefit of the mitigation devices. The optimal device can be determined from the values of NPV (net present value) which is widely accepted in cost-benefit analysis. The proposed method can help sensitive customers to select optimal mitigation device. In this paper, the case study considering two sensitive customers was performed by using the proposed method.