• Title/Summary/Keyword: Valuation Technique

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ALTERNATIVE NUMERICAL APPROACHES TO THE JUMP-DIFFUSION OPTION VALUATION

  • CHOI BYUNG WOOK;KI HO SAM;LEE MI YOUNG
    • Journal of applied mathematics & informatics
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    • v.17 no.1_2_3
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    • pp.519-536
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    • 2005
  • The purpose of this paper is to propose several approximating methods to obtain the American option prices under jump-diffusion processes. The first method is to extend an approximating method to the optimal exercise boundary by a multipiece exponential function suggested by Ju [17]. The second approach is to modify the analytical methods of MacMillan [20] and Zhang [25] in a discrete time space. The third approach is to apply the simulation technique of Ibanez and Zapareto [14] to the problem of American option pricing when the jumps are allowed. Finally, we compare the numerical performance of each suggesting method with those of the previous numerical approaches.

Suitability valuation of Underground Facility Construction Using GIS (GIS를 활용한 지하시설물 시공의 적정성 평가)

  • 김감래;이재기;임건혁
    • Proceedings of the Korean Society of Surveying, Geodesy, Photogrammetry, and Cartography Conference
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    • 2004.04a
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    • pp.465-469
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    • 2004
  • The purpose of this study is to evaluate suitability of Underground Facility Construction in great land development area. Because there are the construct of national integration information control system and the advance of information technique, the necessity that construct the UIS to manage the urban space systematically is enlarged. In the purpose that we prepare the base of underground facility management system by driving the step digitalizing facilities buried underground and protect urban safety accident, we introduce the GIS in land development area. This study proposes the improvement direction by examining the outcome through the driving method and the outcome analysis.

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Tank Pressure Control of PWM Sol V/V for Thrust Control of Launch Vehicle (발사체 추력제어 안정성을 위한 PWM 솔밸브의 탱크압력제어)

  • Lee, Joong-Youp;Hong, Moon-Geun;Han, Sang-Yeop;Kim, Young-Mog
    • 유체기계공업학회:학술대회논문집
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    • 2006.08a
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    • pp.565-568
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    • 2006
  • This paper achieved dynamic characteristics with test to use solenoid valve for flight model that have present. Designed pressure control virtual system which PWM solenoid valve to use test result. Examination compared solenoid valve dynamic characteristics in atmosphere and cryogenic fluid and presented technique and valuation method that measured upstream and down stream pressure of solenoid valve, as well as, temperature, excitation voltage etc. These test results could confirm solenoid valve response time and maximum using frequency characteristic at use in atmosphere and cryogenic temperature and this derived design variables pressure control system from those bases.

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Analysis of Corneal Topography in Keratoconus (원추각막의 각막지형도 분석)

  • Kim, Douk-Hoon
    • Journal of Korean Clinical Health Science
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    • v.4 no.3
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    • pp.652-661
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    • 2016
  • The analysis of cornea morphology using corneal topographers is a clinical practice for the diagnosis of keratoconus in contact lens fitting. The recently technique has developed with the possibility of achieving a great number of measuring points of both anterior and posterior corneal surfaces in cornea. Also these data are used to extract a series of topographic valuation indices that permit to offer the most exact clinical diagnosis of keratoconus in contact lens fitting. This study describes the technologies in which current corneal topographers are based on the morphological characteristics that the keratoconus status observe on corneal surface. Therefore, this paper can provide that the analysis of corneal topographers applied for the diagnosis of keratoconus in contact lens fitting.

The Case on Valuation of IT Enterprise (IT 기업의 가치평가 사례연구)

  • Lee, Jae-Il;Yang, Hae-Sul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.8 no.4
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    • pp.881-893
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    • 2007
  • IT(Information Technology)-based industries have caused a recent digital revolution and the appearance of various types' information service, being largely expanded toward info-communication device company, info-communication service company, software company etc.. Therefore, the needs to evaluate the company value of IT business for M&A or liquidation are growing tremendously. Unlike other industries, however, IT industry has a short lift cycle and so it doesn't have not only a company value-evaluating model for general businesses but the objective one for IT companies yet. So, this thesis analyzes various value-evaluating technique and newly rising ROV. DCF, the change method of company's cash flow including tangible assets into future value, had been applied during the past industrialization economy era and has been persuasively applied to the present. However, the DCF valuation has no option but to make many mistakes because IT companies have more intangible assets than tangible assets. Accordingly, it is ROV, recognized as the new method of evaluating companies' various options normally and quantitatively, that is brought up recently. But the evaluation on the companies' various options is too subjective and theoretical up to now and due to the lack of objective ground and options, it's not possible to be applied to reality. In this thesis, it is found that ROV is more accurate than DCF, comparing DCF and ROV through four examples. As the options applied to ROV are excessively limited, we tried to develop ROV into a new method by deriving five invisible value factors within IT companies. Therefore, on this occasion, we should set up the basic valuation methods on IT companies and should research and develop an effective and various valuation methods suitable to each company like an internet-based company, a S/W developing enterprise, a network-related company among IT companies.

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Reliability Evaluation of Aircraft Brake Disk using the Non-contact Air-coupled Ultrasonic Transducer Method (비접촉 초음파 탐상 기법을 이용한 항공기 브레이크 디스크의 신뢰성 평가)

  • Kwak, Nam-Su;Kim, Jae-Yeol;Gao, Jia-Chen;Park, Dae-Kwang
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.15 no.3
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    • pp.36-43
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    • 2016
  • Carbon fiber-reinforced silicon carbide (Cf-SiC) and SiC / SiC composites have high thermal conductivity, and excellent corrosion and wear resistance, a low coefficient for thermal expansion and are lightweight. This is why they are commonly used in parts of the aerospace industry to develop an aircraft thrust deflector, jet vane, combustion chamber, elevens, body flap, and a shingle. So, understanding how this state-of-the-art Cf-SiC affects both internal and external crack detection and determining issues during the manufacturing process of composite materials, should be evaluated according to valuation techniques in the external environment. In this paper, we apply a non-contact air ultrasonic technique of non-destructive testing techniques to perform a study on internal defect detection identification and assessment of carbon-fiber reinforced silicon carbide composites to perform basic research and applied research.

A Study on Valuation of Acoustic Performance for Indoor Swimming Pool utilizing Auralization (가청화를 이용한 실내수영장의 음향 성능평가에 관한 연구)

  • Jung, Chul-Woon;Kook, Jung-Hoon;Yun, Jae-Hyun;Kim, Jae-Soo
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2007.05a
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    • pp.720-724
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    • 2007
  • Recently, in accordance with increase of the desire for Sports for All(Life Sports), the swimming pools in many areas are under construction. However, since they used many of the reflexible finish-materials on account of the characteristics of hydrophilic space, most of the Indoor Swimming Pools are generating the excessive reverberation. Such reverberation is bringing about the problem that obstructs the oral communication between the coach and the player, and the Clearness of Sound, besides the sport activity. On this viewpoint, on the object of the actually built indoor swimming pool, after the conduct of an optimized acoustics design by the remodeling through a computer simulation, and by carrying out the Psycho-Acoustics Experiment utilizing of Auralization Technique which is able to experience Virtual Sound Field at the stage of designing, then this thesis has attempted to appraise on the acoustic condition after the completion of construction. It is considered that such result of the study could be utilized as the useful data that enables to improve the curtailment effect of construction cost as well as the acoustic capability, by means of the presupposition control on the acoustic problem from the stage of design, for the occasion when the similar indoor swimming pool is planning to build, henceforth.

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The Study for Context Aware Information Retrieval in Ubiquitous Computing Environment Using UCC Resources (UCC자원을 이용한 유비쿼터스 컴퓨팅 환경에서의 상황인식 정보검색기법에 대한 연구)

  • Lee, Haesung;Kwon, Joonhee
    • Proceedings of the Korea Contents Association Conference
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    • 2009.05a
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    • pp.12-16
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    • 2009
  • Exponentially increasing UCC, experiences which some people get at the specific time and in the specific location are shared on the Web more easily. Also, UCC have been more reliable and more efficient resources, because of many people's natural valuation on each UCC. UCC have potential possibility to be primary factor in all ubiquitous computing environment. However, like ubiquitous computing techniques themselves the current availability and utilization of online UCC is far from realizing their full potential. In this paper, we propose a technique that integrates existing methods from information retrieval and tagging technologies to correspond with user's underlying need for some information in ubiquitous computing environment.

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Design and Application of an Analysis-frame Linking EIA and CBA (환경영향평가와 비용편익분석의 연계를 위한 분석 틀 설계 및 적용)

  • Ahn, So-Eun;Kim, Ji-Young
    • Journal of Environmental Impact Assessment
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    • v.20 no.4
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    • pp.565-574
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    • 2011
  • This paper aims to design a policy-assessment tool liking the Environmental Impact Assessment(EIA) and the Cost Benefit Analysis (CBA). As a step towards the incorporation of environmental and economic considerations, the approach used herein takes the form of integrating quantitative information on environmental benefits and costs associated with implementing the project into the existing framework of the EIA. Our case study is an project appraisal of a solar energy plant. It is confirmed that the technique is operational, however, there are certain limitations for a complete assessment. The difficulty mainly originated from the omission of important information from each step of the valuation process. Alternatively stated, some environmental services are not identified, nor quantified, and nor monetized in the process. More case studies are warranted in the future along with elaboration in methodology of techniques. In addition, the construction of a database on environmental values will be required to accumulate reliable and systematized data. These are the necessary conditions to improving quality in application of techniques as well as providing comprehensive and balanced information to decision makers.

A Study on the Evaluation of Acoustic Performance for Music Room in Middle School using Auralization (가청화(可聽化)를 이용(利用)한 중학교(中學校) 음악실(音樂室)의 음향성능평가(音響性能評價)에 관(關)한 연구(硏究))

  • Soul, Soo-Hwan;Kang, Gyu-Sun;Kim, Jae-Soo
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2008.04a
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    • pp.272-275
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    • 2008
  • In case a middle school music room locating in Iksan City, this space had been finished its construction work with the indiscreet sound-absorbing materials despite the music lesson is taught thereat. Accordingly, when music lesson since it sounds aridly due to insufficiency of echo and sound-volume feeling in music appreciation or music performance sound, there is some difficulty in the music lesson. For the purpose to control the obstructive factors owing to such short Reverberation Time, it optimizes the acoustic factor using Acoustic Simulation after arrangement of Acoustic Design, it has conducted a Psycho-acoustics Experiment using the Auralizational Technique that can experience the Virtual Acoustic Field at its designing stage. As the result of investigation about the acoustic satisfaction on the relevant subject space and the satisfaction with regard to the pertinent each items, it was known that the valuation on acoustic performance was evidently improved at 'after-reformation' than 'before-reformation'. It is considered that such material could be utilized as the useful material that can improve the architectural acoustic factor when construction and renovation of any middle school music room in the future.

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