• IE interfaces
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• v.18 no.2
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• pp.184-192
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• 2005

In recent research there has been intense interest in understanding how real option valuation (ROV) approaches might usefully complement conventional discounted cash flow (DCF) techniques. However, investment decision makers in a real world have been worried about adopting the ROV approaches mainly because of difficulty in technically understanding the theory of the ROV approaches as indicated by many researchers. With this difficulty in mind, we propose the opportunity cost model as another discrete-time model to value a deferral option. The main advantage of observing a real options value in terms of the opportunity cost concept is to provide a technique for practitioners to estimate a wide range of real options values without sticking to a financial option modelling. The fundamental ground for developing the opportunity cost model proposed in this paper lies in the work of dissecting the structure of the real options value into three categories: capital gain, expected opportunity loss, and expected opportunity gain. At the end of the paper, we will present a short illustrative example to demonstrate the applicability of the model.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.10 no.11
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• pp.1973-1977
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• 2006

This paper reports the absolute position tracking algorithm of underwater vehicles such as ROV, AUV in global region by fusing sensor informations of IMU, DVL, USBL, DGPS etc. This algorithm is to be used in the position tracking of the 6,000m class deep-sea unmanned underwater vehicle, HEMIRE for scientific exploration.

• Journal of the Society of Naval Architects of Korea
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• v.41 no.3
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• pp.28-34
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• 2004

This paper presents the results of the structural analysis and optimal design of the ROV to be operated at 6000m depth in the ocean. This will be the first domestic deep-sea ROV operating with an AUV and a launcher equipped with robot arms and the current weight is about 3 ton. initial optimal dimension of the frame is determined based on the stress analysis using FEA code ANSYS and design sensitivity and optimization results. The current design is the initial design and there is a possibility to change the design according to the modification of material, equipments and array of structure.

• Proceedings of the Korea Information Processing Society Conference
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• 2012.11a
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• pp.15-16
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• 2012

본 논문에서는 우선순위 기반의 RTS/CTS 통신 기법을 적용하여 생체모방형 ROV 를 제어하기 위한 수중 MAC 프로토콜을 제안하였다. MANET 기반의 하천 수질 환경 감시 시스템이 효율적으로 운용되기 위한 수중 MAC 프로토콜이 지원됨으로써 이동성이 강조되는 생체모방형 ROV 제어를 위한 실시간성을 보장할 수 있다.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2013.06a
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• pp.551-553
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• 2013

노후 해양 플랜트 해체사장의 확대와 더불어 HLVs에 의존하고 있는 기존 해체 공법을 대체할 수 있는 새로운 통합관리 시스템의 개발이 요구되고 있다. IT 기술, ROV 운용기술, 구조물 건전성 모니터링 시스템 구축기술, 고성능 재료 개발 기술 등 국내에 확보되어 있는 기술들을 융합하여 노후 해양플랜트 해체작업을 종합적으로 관리, 진행할 수 있는 통합관리 시스템의 개발방향을 제시하였다.

• Journal of Ocean Engineering and Technology
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• v.24 no.4
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• pp.23-31
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• 2010

The flow around a remotely-operated vehicle (ROV) has been investigated numerically to improve the resistant performance by modifying the hull form of the ROV. In the case of the base hull form considered in this study, form drag rather than friction drag was the dominant component of total drag. Subsequently, the surfaces that were most susceptible to local pressure effects were modified to give them a more streamlined shape. Eleven different hull forms were chosen to undergo surface modification for drag reduction. In addition, four different boat-tail appendages with different slant angles were installed at the stern to reduce the wake vortices that are induced by the local regions of very low pressure. Consequently, a total of 11 different hull forms for drag reduction were considered. The final hull form, which combined the hull for which surface modification resulted in the lowest drag with a boat-tail appendage with a 15-degree slant angle, resulted in a drag reduction of 20%.

• Journal of Navigation and Port Research
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• v.27 no.1
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• pp.87-95
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• 2003

Submarine optical fiber cable construction consists of marine survey, PLGR(Pre Lay Grapnel Run), shore-end-work, laying the submarine optical cable. This PLGR is work to ease the cable lay safely in seabed, improve the performance of Plough and ROV (Remotely-Operated Vehicle) laying work, and protect laying equipment. This paper presents the design and implementation of real-time monitoring system for PLGR work in submarine optical fiber cable construction enterprise. In this paper, we designe overall real-time monitoring system. For this purpose, the modules such as serial multiport communication module, real-time processing module, environment configuration module, real-time graph and a printout modules are designed and implemented. For the validity evaluation of this paper, serial multi port communication module, data parsing, realtime graph output are implemented and tested.

• Journal of Ocean Engineering and Technology
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• v.34 no.3
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• pp.180-193
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• 2020

In this study, the end-effector tracking performance of a manipulator installed on a remotely operated vehicle (ROV) for autonomous underwater intervention is verified. The underwater manipulator is an ARM 7E MINI model produced by the ECA group, which consists of six joints and one gripper. Of the six joints of the manipulator, two are revolute joints and the other four are prismatic joints. Velocity control is used to control the manipulator with forward and inverse kinematics. When the manipulator approaches a target object, it is difficult for the ROV to maintain its position and posture, owing to various disturbances, such as the variation in both the center of mass and the reaction force resulting from the manipulator motion. Therefore, it is necessary to compensate for the influences and ensure the relative distance to the object. Simulations and experiments are performed to track the trajectory of a virtual object, and the tracking performance is verified from the results.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.4 no.3
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• pp.289-295
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• 2003

In this paper, the option valuation of venture business was calculated by utilizing growth option model, chosen from real option valuation method. The evaluation of venture business was estimated by adding option value to the terminal value discounted from cashflow method. As the result of the empirical analysis, ROV model applied in the Study is more reliable Han the DCF model concerning the pricing of venture business. Unlike the previous study of Schartz & Moon which only analyzed one venture business, this study estimated and analyzed the rational pricing of venture business with comparative methods using various parameters of sampling 99 domestic venture businesses.

• Ocean Systems Engineering
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• v.3 no.3
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• pp.237-255
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• 2013

In many applications, Remotely Operated Vehicles (ROVs) are required to be capable of course keeping, depth keeping, and height keeping. The ROV must be able to resist time-variant external forces and moments or frequent manipulate changes in some specified circumstances, which require the control system meets high precision, fast response, and good robustness. This study introduces a Fuzzy-Incomplete Derivative Ahead-PID (FIDA-PID) control system for a 500-meter ROV with four degrees of freedom (DOFs) to achieve course, depth, and height keeping. In the FIDA-PID control system, a Fuzzy Gain Scheduling Controller (FGSC) is designed on the basis of the incomplete derivative ahead PID control system to make the controller suitable for various situations. The parameters in the fuzzy scheme are optimized via many cycles of trial-and-error in a 10-meter-deep water tank. Significant improvements have been observed through simulation and experimental results within 4-DOFs.