• 한국경영정보학회:학술대회논문집
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• 2008.06a
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• pp.957-962
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• 2008

We propose a model for the line expansion problem in the AMOLED (Active Matrix Organic Light Emitting Diodes) industry, which now faces market uncertainty: for example, changing customer needs, technological development path, etc. We focus on the optimal investment time and size of the AMOLED production lines. In particular, employed here is the ROV (Real Options Valuation) model to show how to capture the value of line expansion and to determine the optimal investment time. The ROV framework provides a systematic procedure to quantify an expected outcome of a flexible decision which is not possible in the frame of the traditional NPV (Net Present Value) approach. Furthermore, we also use Monte Carlo simulation to measure the uncertainty associated with the line expansion decision; Monte Carlo simulation estimates the volatility of a decision alternative. Lastly, we present a scenario planning to be conducted for what-if analysis of the ROV model.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.32
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• pp.113-162
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• 2006

The objective of this study is to find out the below mentioned answers including main determinants of FDI in India by Korean firms. Which factors can attract Korean companies to invest in India ? What will be the lessons for Korean companies which are willing to invest in India, in the near future ? What will be the recommendations for Indian governments to attract more and more Korean firms ? In summary, it is clear that Indian market potentials(or attractiveness) and production factors as locational factors are found to be the most important determinants of FDI in India.

• Proceedings of the Korea Society for Simulation Conference
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• 2001.10a
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• pp.72-76
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• 2001

Experimental design in simulation provides an efficient way of economizing simulation runs since a considerable number of simulation runs that originally were planned can be reduced by this approach. This experimental design method is an active area of research together with the output analysis and so no single panacea seems to exist so far. Thus, selection of techniques of experimental design and output analysis more lithely depends upon the objective of simulation analysis, budget constraint and sometimes the analysts subjective judgment. This paper attempts to describe an experimental design methodology for port investment analysis using a case study in a bulk terminal in Korea. Detailed display will be focused on simulation period, warm-up period, the number of replications needed in production runs after brief explanation on the system configuration.

• Korean Journal of Organic Agriculture
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• v.15 no.1
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• pp.1-23
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• 2007

It is hypothesized that changing from conventional to organic production is an investment because specific capital items are necessary for such a step. It is further hypothesized that in view of the limited experience and the very restricted availability of extension materials such investment is particularly prone to risk. The conversion to organic farming has proven to be an economically interesting alternative for a large portion of the converted farms in the past. This contribution will consider the question of which factors influence the success of organic farming. A discussion of the most important consequences for politics and agricultural practice conclude this paper, drawn on the important factors identified in the study.

• Proceedings of the SAREK Conference
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• 2009.06a
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• pp.485-490
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• 2009

The present study has been conducted to accomplish the investment and analysis, to make the construction manuals, to draw the standards, and to build quality and standards informations of the plumbing/drainage facilities materials. The application plan and the anticipation effect of this results include as follows. (1) The investment and analysis of the plumbing/drainage facilities materials is able to suggest the technology trends and the trends analysis in the construction materials. (2) The quality and standards informations of the plumbing/drainage facilities materials are possible to be the construction faculty and the cost/energy reduction in the construction materials. (3) The standards methods of the plumbing/drainage facilities materials are useful for the reliability guarantee and quality escalation in the construction materials. (4) The standard manuals of the plumbing/drainage facilities materials are applied to the specifications in the construction materials.

• Korean Journal of Organic Agriculture
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• v.17 no.4
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• pp.441-461
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• 2009

Switching to organic farming practices in agricultural production reaches the end of the period it takes an average of five years. During this period, agricultural soil management to improve the investment must be sustained. Results of the survey of environment-friendly agricultural lease rates appear to approximately 54.2% lower than agricultural practices. Environmentally friendly agricultural land is leased on a long transition period of the contract cost, many buried incompleteness, uncertainty of contract fulfillment(opportunistic behavior) occurs when the transaction costs. This ultimately can hinder the spread of organic farming. Thus, the qualitative development of organic farming and land leasing in order to minimize transaction costs, should that occur. The alternative 'cooperative long-term lease contract' is a system.

• Agribusiness and Information Management
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• v.1 no.2
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• pp.23-42
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• 2009

As technology develops, more advanced technologies involving GPS, GIS, RFID and sensor networks have been adopted in agriculture sector for u-Farm. However, technology adoptions have been evaluated as ineffective. Farmers and agri-business have low level of understanding on technology so it is not efficiently utilized. This study introduces a case of RFID/sensor networks of mushroom farm as a u-Farm case study, focusing on developing a framework for analysis of u-Farm investment returns. RFID and sensor networks improve real-time production control, processing management, and traceability. Integration of RFID and sensor networks leads to innovation into the mushroom farm, reducing labor cost, increasing productivity, and improving quality of the mushroom. The ROI which is used as an indicator of performance indicator is 413%.

• Journal of Institute of Control, Robotics and Systems
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• v.12 no.12
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• pp.1169-1172
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• 2006

The prices of chemical products are fluctuated by several factors. The chemical companies can't predict and be ready to all of these changes, so they are exposed to the risk of a profit fluctuation. But they can reduce this risk by making a well-diversified product portfolio. This problem can be thought as the optimization of the product portfolio. We assume that the profits come from the 'spread' between a naphtha and a chemical product. We calculate a mean and a variation of each spread and develop an automatic module to calculate the optimal portion of each product. The theory is based on the Markowitz portfolio management. It maximizes the expected return while minimizing the volatility. At last we draw an investment selection curve to compare each alternative and to demonstrate the superiority. And we suggest that an investment selection curve can be a decision-making tool.

• The Journal of the Petrological Society of Korea
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• v.17 no.4
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• pp.231-237
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• 2008

Famous foreign mining companies in Argentina are Xstrata, Barrick Gold, Yamana Gold, and Anglogold Asaanti respectively. Among these companies firstly a profile of Xstrata including company history, current and future mining projects, production, and financial condition are introduced in this paper for the Korean mining companies those are sincerely looking for reliable collaborative partners not to make serious mistake in investment.

• Korean Journal of Agricultural Science
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• v.29 no.2
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• pp.135-148
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• 2002

In recent years, domestic market environment of rice production is confronted with the problems of excessive production and decrease in per capita consumption, resulting in steady decline of domestic rice price. Moreover, as new trade negotiations of WTO or FTA are being forwarded, cheap price of imported rice will also make the rice production environment being worse off. One of the possible production strategies to relieve this situation could be expanding farm size, which increases market competitiveness in terms of cost-saving. Since 1990's, one of the main agricultural policies for rice production in Korea has been expanding farm size. This study aims at 1)exploring brief history of Korean government's agricultural policy for expanding farm size, 2)examining economic effect of farming size expansion, and 3)discussing major role of government to promote appropriate programs for rice-farming and producers. Main conclusion suggests that appropriate farming size should be expanded upto at least five hectares per farm, with producers' effort to reduce farming costs and continuous investments on agricultural infrastructures including irrigation systems, etc. Continuous government's investment on operation and maintenance on water facility is also one of the important factors in expanding farm size.