• Bulletin of the Korean Mathematical Society
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• v.48 no.4
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• pp.791-812
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• 2011

This is a survey on American options. An American option allows its owner the privilege of early exercise, whereas a European option can be exercised only at expiration. Because of this early exercise privilege American option pricing involves an optimal stopping problem; the price of an American option is given as a free boundary value problem associated with a Black-Scholes type partial differential equation. Up until now there is no simple closed-form solution to the problem, but there have been a variety of approaches which contribute to the understanding of the properties of the price and the early exercise boundary. These approaches typically provide numerical or approximate analytic methods to find the price and the boundary. Topics included in this survey are early approaches(trees, finite difference schemes, and quasi-analytic methods), an analytic method of lines and randomization, a homotopy method, analytic approximation of early exercise boundaries, Monte Carlo methods, and relatively recent topics such as model uncertainty, backward stochastic differential equations, and real options. We also provide open problems whose answers are expected to contribute to American option pricing.

• Journal of Korean Society for Geospatial Information Science
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• v.19 no.4
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• pp.55-63
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• 2011

Having a wide angle of view, a fisheye lens is useful for obtaining images of the inside wall of a tunnel. A circular fisheye tunnel image can be transformed into a familiar rectangular image by applying the concept of cylindrical projection. This projection transformation causes several types of distortions in the projected image. This paper discusses the distortion on the boundary lines between smoothly curved wall and flat ground. We analyzed the cause of this boundary distortion, developed transformation model, and derived a correction formular. A distortion correction software programmed in Visual C++ applied to projected image. Consequently, boundary-corrected image could be obtained. Research into other distortions of projected image will helpful in obtaining tunnel image that resembles real tunnel from fisheye tunnel image.

• The Bulletin of The Korean Astronomical Society
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• v.44 no.2
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• pp.71.3-71.3
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• 2019

Previously we developed a method of coronal force-free field construction using vector potentials. In this method, the boundary normal component of the vector potential should be adjusted at every iteration step to implement the boundary normal current density, which is provided by observations. The method was a variational method in the sense that the excessive kinetic energy is removed from the system at every iteration step. The boundary condition imposing the normal current density, however, is not compatible with the variational procedure seeking for the minimum energy state, which is employed by most force-free field solvers currently being used. To resolve this problem, we have developed a totally new method of force-free field construction. Our new method uses a unique magnetic field description using two scalar functions. Our procedure is non-variational and can impose the boundary normal current density exactly. We have tested the new force-free solver for standard Low & Lou fields and Titov-Demoulin flux ropes. Our code excels others in both examples, especially in Titov-Demoulin flux ropes, for which most codes available now yield poor results. Application to a real active region will also be presented.

• Environmental Sciences Bulletin of The Korean Environmental Sciences Society
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• v.1 no.1
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• pp.35-43
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• 1997

Handling the emergency problems such as Chemobyl accident require real time prediction of pollutants dispersion. One-point real time sounding at pollutant source and simple model including turbulent-radiation process are very important to predict dispersion at real time. The stability categories obtained by one-dimensional numerical model (including PBL dynamics and radiative process) are good agreement with observational data (Golder, 1972). Therefore, the meteorological parameters (thermal, moisture and momentum fluxes; sensible and latent heat; Monin-Obukhov length and bulk Richardson number; vertical diffusion coefficient and TKE; mixing height) calculated by this model will be useful to understand the structure of stable boundary layer and to handling the emergency problems such as dangerous gasses accident. Especially, this simple model has strong merit for practical dispersion models which require turbulence process but does not takes long time to real predictions. According to the results of this model, the urban area has stronger vertical dispersion and weaker horizontal dispersion than rural area during daytime in summer season. The maximum stability class of urban area and rural area are 'A' and 'B' at 14 LST, respectively. After 20 LST, both urban and rural area have weak vertical dispersion, but they have strong horizontal dispersion. Generally, the urban area have larger radius of horizontal dispersion than rural area. Considering the resolution and time consuming problems of three dimensional grid model, one-dimensional model with one-point real sounding have strong merit for practical dispersion model.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2021.10a
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• pp.447-448
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• 2021

The boundary-based security architecture has the advantage of easy deployment of security solutions and high operational efficiency. The boundary-based security architecture is easy to detect and block externally occurring security threats, but is inappropriate to block internally occurring security threats. Unfortunately, internal security threats are increasing in frequency. In order to solve this problem, a zero trust model has been proposed. The zero trust model requires a real-time monitoring function to analyze the behavior of a subject accessing various information resources. However, there is a limit to real-time monitoring of file access of a subject confirmed to be trusted in the system. Accordingly, this study proposes a method to monitor user's file access in real time. To verify the effectiveness of the proposed monitoring method, the target function was verified after the demonstration implementation. As a result, it was confirmed that the method proposed in this study can monitor access to files in real time.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.10
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• pp.4514-4522
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• 2012

In this study, we presented the improved plans for establishment of boundary monuments and management of records in cadastral resurvey project after examining the Special Act on Cadastral Resurvey which has some problems of them. As the result, we proposed that it is necessary to change the color of boundary monuments for distinguishing with the existing one. And also, they should be established at the confirmed boundary points which land owners have already accepted through the temporary boundary monuments. In addition, the register of boundary monuments has to be unified with present records because they are very similar. We hope that the government should adapt these proposals for the successful project.

• Journal of Cadastre & Land InformatiX
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• v.46 no.2
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• pp.93-105
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• 2016

Among 28 land Categories, 'road' is that most frequently established or transformed. Like that of other 27 land categories, the boundary of road should be defined by boundary making principles and then fixed by cadastral laws. But, some criteria to determine the land boundary, especially in boundary making rule which can be used by geographical features, is confused partly in Land Use Planning stages. Because the purpose of making any rules in fixing road boundary may be misinterpreted, the gap between law and real land boundary can be occurred. Those related rules in determining the land boundary must be improved urgently. Cut surface' or 'slope' should be conformed as a legal term and I suggest that 'Structures' must be changed to 'geographical features'.

• Proceedings of the Korea Water Resources Association Conference
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• 2005.05b
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• pp.1174-1178
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• 2005

In this study, flood inundations have been simulated by using the numerical model FLUMEN solving the shallow-water equations with a finite volume method. Before applying to a real problem, the numerical model is first applied to simplified problems. Obtained numerical results are verified by comparing to available analytical solutions and laboratory measurements. Reasonable agreements are observed. The model is then applied to a simulation of flood events with real geometries. The results of the present study provide basic informations for a flood inundation map.

• Proceedings of the IEEK Conference
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• 1999.11a
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• pp.507-510
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• 1999

Inspection of BGAs presents several challenges for modem measurement equipment. No only must these systems be fast and accurate, they must deal with the special challenges presented by very small shiny metal spheres. For accurate measurement, we propose an algorithm which fits for estimating the accurate ball height using 2-D curve-fitting algorithm. The real boundary between two adjacent pixels and the real ball diameter are measured with subpixel accuracy Experimental results show that the proposed method calculates the ball height and diameter with subpixel accuracy and is robust in local noise with low measurement error.

• Journal of the Korean Institute of Telematics and Electronics S
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• v.35S no.3
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• pp.150-158
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• 1998

This paper describes the classification of remotely sensed image data using fuzzy neural network, whose algorithm was obtained by replacing real numbers used for inputs and outputs in the standard back propagation algorithm with fuzzy numbers. In the proposed method, fuzzy patterns, generated based on the histogram ofeach category for the training data, are put into the fuzzy neural network with real numbers. The results show that the generalization and appoximation are better than that ofthe conventional network in determining the complex boundary of patterns.