• Title/Summary/Keyword: Real Option

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A Study on Auction Mechanism for DMZ Conservation using the South-North Korean Economic Development Projects (남북경제협력에 따른 개발이익 경매와 DMZ 보전기금 확보)

  • Park, Hojeong;Kim, Joonsoon;Kim, Hyunhee
    • Environmental and Resource Economics Review
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    • v.28 no.1
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    • pp.39-59
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    • 2019
  • The Korean Demilitarized Zone (DMZ) has the great ecosystem as all the artificial activities in DMZ have been prohibited over half a century. The ecosystem should be conserved even after the reunification of Korea and hence the conservation plan should be established not after the reunification but before it. It requires a considerable budget to conserve DMZ, considering management of ecology resource, recovery, and research. The objective of this paper is to analyze a fund-raising measure for DMZ conservation, using economic incentives mechanism when multiple developers participate in the auction to get the right to develop North Korean regions, have private information about their sunk costs and pay a part of their profits for the fund. First, we analyze the real option model to decide the optimal investment time. Second, we construct the auction for bidders not to misrepresent their private information, based on Bayesian Nash equilibrium.

Revolutionizing Traffic Sign Recognition with YOLOv9 and CNNs

  • Muteb Alshammari;Aadil Alshammari
    • International Journal of Computer Science & Network Security
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    • v.24 no.8
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    • pp.14-20
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    • 2024
  • Traffic sign recognition is an essential feature of intelligent transportation systems and Advanced Driver Assistance Systems (ADAS), which are necessary for improving road safety and advancing the development of autonomous cars. This research investigates the incorporation of the YOLOv9 model into traffic sign recognition systems, utilizing its sophisticated functionalities such as Programmable Gradient Information (PGI) and Generalized Efficient Layer Aggregation Network (GELAN) to tackle enduring difficulties in object detection. We employed a publically accessible dataset obtained from Roboflow, which consisted of 3130 images classified into five distinct categories: speed_40, speed_60, stop, green, and red. The dataset was separated into training (68%), validation (21%), and testing (12%) subsets in a methodical manner to ensure a thorough examination. Our comprehensive trials have shown that YOLOv9 obtains a mean Average Precision (mAP@0.5) of 0.959, suggesting exceptional precision and recall for the majority of traffic sign classes. However, there is still potential for improvement specifically in the red traffic sign class. An analysis was conducted on the distribution of instances among different traffic sign categories and the differences in size within the dataset. This analysis aimed to guarantee that the model would perform well in real-world circumstances. The findings validate that YOLOv9 substantially improves the precision and dependability of traffic sign identification, establishing it as a dependable option for implementation in intelligent transportation systems and ADAS. The incorporation of YOLOv9 in real-world traffic sign recognition and classification tasks demonstrates its promise in making roadways safer and more efficient.

A COMPARISON STUDY OF EXPLICIT AND IMPLICIT NUMERICAL METHODS FOR THE EQUITY-LINKED SECURITIES

  • YOO, MINHYUN;JEONG, DARAE;SEO, SEUNGSUK;KIM, JUNSEOK
    • Honam Mathematical Journal
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    • v.37 no.4
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    • pp.441-455
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    • 2015
  • In this paper, we perform a comparison study of explicit and implicit numerical methods for the equity-linked securities (ELS). The option prices of the two-asset ELS are typically computed using an implicit finite diffrence method because an explicit finite diffrence scheme has a restriction for time steps. Nowadays, the three-asset ELS is getting popularity in the real world financial market. In practical applications of the finite diffrence methods in computational finance, we typically use relatively large space steps and small time steps. Therefore, we can use an accurate and effient explicit finite diffrence method because the implementation is simple and the computation is fast. The computational results demonstrate that if we use a large space step, then the explicit scheme is better than the implicit one. On the other hand, if the space step size is small, then the implicit scheme is more effient than the explicit one.

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.