• Title/Summary/Keyword: Real Option

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ASP 매출 변화에 관한 동태적 분석: SD 기법을 활용한 버전 차별화 전략을 중심으로

  • Kim, Sang-Jun;Lee, Jin-Su;Lee, Sang-Geun
    • 한국경영정보학회:학술대회논문집
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    • 2008.06a
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    • pp.454-471
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    • 2008
  • This study suggests the dynamic pricing model which reveals the organic relationship between ASP (Application Service Provider) price and the related factors, using system dynamics methodology. Basically, we applied the law of supply and demand for analyzing price changes. Then, we deducted ASP price, focusing on fixed cost and variable cost. We also researched the customer's buying behavior according to version differentiation policy. In the version policy, we set up the proposition about customer's satisfaction and willingness-to-pay, using option system. As a result, this research designed the simulation model which analyzes the changes of the sales according to version differentiations and customer's willingness-to-pay. Through this research, we can find effective version differentiation strategies. This paper also found that the larger the number of package, the greater the demand and customer's willingness-to-pay. The increase of the number of package causes the increase of the sales. The increase of the sale is not exactly relative to the number of package. Drawing S-curve, the sales was increased. This dynamic pricing model suggests the ground that the ASP price changes based on the existing version differentiation theory and the demand of customers can affect the changes of the sales. We expect that this model suggests a clear standard of ASP pricing by combining real cases.

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Optimization of MPEG-4 AAC Codec on PDA (휴대 단말기용 MPEG-4 AAC 코덱의 최적화)

  • 김동현;김도형;정재호
    • The Journal of the Acoustical Society of Korea
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    • v.21 no.3
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    • pp.237-244
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    • 2002
  • In this paper we mention the optimization of MPEG-4 VM (Moving Picture Expert Group-4 Verification Model) GA (General Audio) AAC (Advanced Audio Coding) encoder and the design of the decoder for PDA (Personal Digital Assistant) using MPEG-4 VM source. We profiled the VMC source and several optimization methods have applied to those selected functions from the profiling. Intel Pentium III 600 MHz PC, which uses windows 98 as OS, takes about 20 times of encoding time compared to input sample running time, with additional options, and about 10 times without any option. Decoding time on PDA was over 35 seconds for the 17 seconds input sample. After optimization, the encoding time has reduced to 50% and the real time decoding has achieved on PDA.

Artificial gametes from stem cells

  • Moreno, Inmaculada;Miguez-Forjan, Jose Manuel;Simon, Carlos
    • 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.

Is Bayesianism Favorable to Dogmatism? (베이즈주의는 독단론에 호의적인가?)

  • Yoon, Bosuk
    • Korean Journal of Logic
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    • v.18 no.2
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    • pp.243-264
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    • 2015
  • Roger White raised an objection, one based on Bayesianism, to the dogmatist view of perceptual justification. In his paper, "Perceptual Dogmatism and Bayesian Favoring", Ilho Park tries to show, contra Roger White, that there is no real conflict between Perceptual dogmatism and Bayesianian theory of confirmation. For this purpose, Park brings in the notions of the degree of confirmation and the favoring relation and argues that Bayesian theory, when properly understood, can yield results that are quite favorable to dogmatism. I don't think, however, that the devices that he employes actually deliver what he promises. The conflict is yet to be resolved. Probably, Bayesian theorists may be better off if they, instead of trying to resolve the conflict, consider the option of simply rejecting dogmatism.

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The study on effective PDV control for IEE1588 (초소형 기지국에서 타이밍 품질 향상을 위한 PDV 제어 방안)

  • Kim, Hyun-Soo;Shin, Jun-Hyo;Kim, Jung-Hun;Jeong, Seok-Jong
    • 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.

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The Impact of Crossbred Cows at Farm Level in Mixed Farming Systems in Gujarat, India

  • Patil, B.R.;Udo, H.M.J.
    • Asian-Australasian Journal of Animal Sciences
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    • v.10 no.6
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    • pp.621-628
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    • 1997
  • This study aimed to quantify the impact of crossbreeding at farm level, in mixed farm systems in Gujarat. Households with crossbred cattle did not differ from households without crossbreds in terms of farm resources, crop gross margins and off-farm income. The use of crossbred animals did increase livestock gross margins by 64% and household income by 22%. The three agro-ecological zones included in this study differed considerably according to farm system and household income. However, in all three zones, households with crossbreds had higher livestock gross margins than households without crossbreds. There was no real difference in work load and labour division between households with and without crossbreds. There was also no difference in the use of bullocks for draught purposes between the two types of households. In particular buffaloes are being replaced by crossbred cattle. There was a large variation in farm income, largely because of land area. The milk offake per average cow and the number of buffaloes also related positively to farm income in both types of households. Crossbreeding has proved technically and financially viable in different Gujarat mixed farming systems. It can be concluded that crossbreeding is an important development option for landless farmers.

Study on a Hedging Volatility Depending on Path Type of Underlying Asset Prices (기초자산의 추세 여부에 따른 헤지변동성의 결정에 관한 연구)

  • Koo, Jeongbon;Song, Junmo
    • The Korean Journal of Applied Statistics
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    • v.26 no.1
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    • pp.187-200
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    • 2013
  • In this paper, we deal with the problem of deciding a hedging volatility for ATM plain options when we hedge those options based on geometric Brownian motion. For this, we study the relation between hedging volatility and hedge profit&loss(P&L) as well as perform Monte Carlo simulations and real data analysis to examine how differently hedge P&L is affected by the selection of hedging volatility. In conclusion, using a relatively low hedging volatility is found to be more favorable for hedge P&L when underlying asset prices are expected to be range bound; however, a relatively high volatility is found to be favorable when underlying asset prices are expected to move on a trend.

Co-operative Education at University of the Pacific and Its Assessment for ABET Accreditation of Mechanical Engineering Program

  • Lee, Chi-Wook;Weick, Brian
    • Journal of Engineering Education Research
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    • v.11 no.4
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    • pp.76-93
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    • 2008
  • Co-operative (Co-op) education is a college program that integrates classroom studies with paid, productive and real-life work experience. A mandatory Co-op program for the degree is introduced with a sample curriculum from the Mechanical Engineering program at University of the Pacific. The mandatory Co-op program requires a minimum of 7 months of work experience with the option of pursuing a 12 month program. Students also have the opportunity of participating in an Engineering Industry Fellowship (EIF) program or an International Engineering Co-op program (IECP). University of the Pacific has engineering programs in Bio-Engineering, Civil Engineering, Computer Engineering, Electrical Engineering, Engineering Management, Engineering Physics, and Mechanical Engineering. All the programs are ABET-accredited except the Bio-Engineering program, which is relatively new. The Co-op employers evaluate the Co-op students at the end of the working period before returning to school, and the students also provide an evaluation of their Co-op experience. Co-op employer evaluations of student work are used in ABET assessment methods developed by the Mechanical Engineering program at University of the Pacific.

A Study on the Technology Valuation System for Supporting Knowledge Information (과학기술 산업화 전략정보 지원을 위한 기술가치평가 시스템에 관한 연구)

  • Yoo, Sun-Hi;Jeong, Hye-Soon;Park, Hyun-Woo
    • Journal of Information Management
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    • v.32 no.3_4
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    • pp.123-145
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    • 2001
  • The purpose of this study is to develop technology valuation system for technology transfer, which is using and supporting knowledge information. The valuation system comprises estimation of latent business profit by supporting formatted patent and technology-products market information, analysis of contribution profit by using industrial standard and innovation step and value of technology by using a real option equation. This study suggests a successful system in order to valuate the technologies quantitatively, and to use and support knowledge information from KISTI databases or other selected internet Information.

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Dynamic stiffness based computation of response for framed machine foundations

  • Lakshmanan, N.;Gopalakrishnan, N.;Rama Rao, G.V.;Sathish kumar, K.
    • Geomechanics and Engineering
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    • v.1 no.2
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    • pp.121-142
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    • 2009
  • The paper deals with the applications of spectral finite element method to the dynamic analysis of framed foundations supporting high speed machines. Comparative performance of approximate dynamic stiffness methods formulated using static stiffness and lumped or consistent or average mass matrices with the exact spectral finite element for a three dimensional Euler-Bernoulli beam element is presented. The convergence of response computed using mode superposition method with the appropriate dynamic stiffness method as the number of modes increase is illustrated. Frequency proportional discretisation level required for mode superposition and approximate dynamic stiffness methods is outlined. It is reiterated that the results of exact dynamic stiffness method are invariant with reference to the discretisation level. The Eigen-frequencies of the system are evaluated using William-Wittrick algorithm and Sturm number generation in the $LDL^T$ decomposition of the real part of the dynamic stiffness matrix, as they cannot be explicitly evaluated. Major's method for dynamic analysis of machine supporting structures is modified and the plane frames are replaced with springs of exact dynamic stiffness and dynamically flexible longitudinal frames. Results of the analysis are compared with exact values. The possible simplifications that could be introduced for a typical machine induced excitation on a framed structure are illustrated and the developed program is modified to account for dynamic constraint equations with a master slave degree of freedom (DOF) option.