• Knowledge Management Research
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• v.22 no.2
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• pp.247-268
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• 2021

Investors mainly use PER and PBR among financial ratios for valuation and investment decision-making. I conduct an analysis of two basic financial ratios from a statistical perspective. Financial ratios contain key accounting numbers which reflect firm fundamentals and are useful for valuation or risk analysis such as enterprise credit evaluation and default prediction. The distribution of financial data tends to be extremely heavy-tailed, and PER and PBR show exceedingly high level of kurtosis and their extreme cases often contain significant information on financial risk. In this respect, Extreme Value Theory is required to fit its right tail more precisely. I introduce not only GPD but exGPD. GPD is conventionally preferred model in Extreme Value Theory and exGPD is log-transformed distribution of GPD. exGPD has recently proposed as an alternative of GPD(Lee and Kim, 2019). First, I conduct a simulation for comparing performances of the two distributions using the goodness of fit measures and the estimation of 90-99% percentiles. I also conduct an empirical analysis of Information Technology firms in Korea. Finally, exGPD shows better performance especially for PBR, suggesting that exGPD could be an alternative for GPD for the analysis of financial ratios.

• Journal of radiological science and technology
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• v.27 no.4
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• pp.49-54
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• 2004

Purpose : To valuate the usefulness of mammographic image by using phantom 1,2 to controls the enhancement of image quality. Procedure : Set up same equipments for experiment (all the qualification must be the same). Control group and 4 other experiment the developing mammographys by using the image system with film/intensifying screen and distribute marks on each test objects of phantom 1, 2. Result : The results of the experiment using phantom 1, 2 on control group and 4 others are : 1. phantom 1's valuation with 3 items. - control group received 29 out of 32 - group A received 25 - group B received 16 - group C received 11.5 - group D received 28.5 The evaluation shows that the system has proved to display excellent image quality except group B and C. 2. Phantom 2's valuation with 4 items. - control group received 38 out of 38 - group A received 30 - group B received 16 - group C received 12.5 - group D received 38 Even with phantom 2, group B and C has displayed poor image quality. Conclusion : Both experiments using phantom 1 and 2 have shown that the most strong factor that control and influence the image quality are the filming equipments. Especially, the developing system has most powerful influence above all.

• Journal of Software Assessment and Valuation
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• v.16 no.2
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• pp.99-107
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• 2020

An underground integrated map is being built for underground safety management and is being updated periodically. The map update proceeds with the procedure of deleting all previously stored objects and saving newly entered objects. However, even unchanged objects are repeatedly stored, deleted, and stored. That causes the delay of the update time. In this study, in order to shorten the update time of the integrated map, an updated object and an unupdated object are separated, and only updated objects are reflected in the underground integrated map, and a system implementing this technology is described. For the updated object, an object comparison method using the center point of the object is used, and a quad tree is used to improve the search speed. The types of updated objects are classified into addition and deletion using the shape of the object, and change using its attributes. The proposed system consists of update object detection, extraction, conversion, storage, and history management modules. This system has the advantage of being able to update the integrated map about four times faster than the existing method based on the data used in the experiment, and has the advantage that it can be applied to both ground and underground facilities.

• Proceeding of Spring/Autumn Annual Conference of KHA
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• 2009.04a
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• pp.211-216
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• 2009

Bidding systems in the domestic public construction work have been amended many times since the lowest-bidding system was implemented in 1951. However, this hasn't had much success. Competition in technical development among companies has declined as the contracts for buildings are given to company which submits the lowest price without considering traits of projects. In addition, as the construction market turns to the limitless competition system due to FTA(Free Trade Agreement), advanced techniques are needed to promote the national competitive power. Considering the needs of the times, Korean government announced that "Best Value Contract (Design-Bid-Build)" and "Bridging Contracts (Design-Build)" are included to 4 existing bidding systems in October 2007. Thus this study aims to suggest devised the evaluation criteria including major items for evaluating bidders, in order to establish and revitalize the best-value bid system successfully.

• Journal of Engineering Education Research
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• v.11 no.1
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• pp.101-116
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• 2008

As industrial society has changed to knowledge-based society, the needs for the intellectual property education in the engineering school is emphasized. Therefore graduate engineering school in USA, Europe, and Japan has strengthened intellectual property education. The curriculum has expanded from intellectual property introduction to business development using patent technology, valuation of intellectual property, intellectual property strategy and management. However, the intellectual property education in engineering school in Korea is in early stage. This study has surveyed the intellectual property education in major engineering school in USA, Europe and Japan, and compared it with the education in Korean engineering school. Finally, some recommendations are provided based on this study.

• Journal of Climate Change Research
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• v.3 no.4
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• pp.271-280
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• 2012

The study aims to analyze economic viability of Integrated Gasification Combined Cycle, an innovative technology to utilize clean coal effectively and efficiently in the era of energy crisis. The study is conducted to evaluate business value of 300 MW IGCC demonstration plant technology development based on binomial option, in consideration of uncertainty of fuel price. Binomial option is one of the real option valuation methods, which is ideally suited to irreversible decision making under uncertainty. With this analysis, it shows that investment value is higher compared with economic evaluation based on discounted cash flow, since this method can measure quantity. As a result, this study is proved to be economically feasible, which have a positive impact on the next generation of IGCC and the connection with Carbon Capture and Storage.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.5
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• pp.3199-3209
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• 2015

The importance of offset program has been increased, recently. Most research focused on the technology valuation and improvement of offset program. Research related with assessment of offset companies and development of differentiated strategies for cultivating them although they are important actor in offset program. Hence, this paper aims to propose the framework for assessing offset companies and providing the differentiated strategies using Desirability Function and IPA. Additionally, by applying the proposed framework to real offset companies, the applicability and usefulness of it are verified. The framework consists of extracting performance measures, assessment of it using Desirability Function and AHP and strategic planning based on IPA.

• Journal of the Korean Society for Computer Game
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• v.31 no.4
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• pp.145-155
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• 2018

This study aims to extract additional elements to the existing game value evaluation using Delphi technique to 23 game experts. As a result of reviewing the characteristics of the development model using the evaluation model of the existing game contents, it was found that the evaluation factor was selected when selecting the content. The Delphi analysis was conducted two times, the first was the expert FGI and the second was the Delphi questionnaire. More detailed elements were presented in the related items such as results, technology transfer and dissemination, and details for promoting commercialization. Through focus group interviews, we extracted additional factors and predicted market size, growth potential, regulatory and market appeal and risk through market analysis of content success in the game industry. This will allow the industry to understand market size, growth potential, regulation, market appeal and risk through a market analysis of its success targets. This study suggests that the proposed evaluation factors can be applied to the entire game and cultural contents industry and will also help to construct market factors such as market value evaluation of contents, goal and goal setting, selection of entry method, and strategic factors.

• Journal of Software Assessment and Valuation
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• v.17 no.2
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• pp.109-116
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• 2021

Traditionally, the engineering field has been dominated by face-to-face education focused on experimental practice, but demand for online learning has soared due to the rapid development of IT technology and Internet communication networks and recent changes in the social environment such as COVID-19. In order for efficient online education to be conducted in the engineering field, where the proportion of experimental practice is relatively high compared to other fields, virtual laboratory practice content that can replace actual experimental practice is very necessary. In this study, we developed a line tracer model and a virtual experimental software to simulate it for efficient online learning of microprocessor applications that are essential not only in the electric and electronic field but also in the overall engineering field where IT convergence takes place. In the developed line tracer model, the user can set various hardware parameter values in the desired form and write the software in assembly language or C language to test the operation on the computer. The developed line tracer virtual experimental software has been used in actual classes to verify its operation, and is expected to be an efficient virtual experimental practice tool in online non-face-to-face classes.

• Journal of the Korean BIBLIA Society for library and Information Science
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• v.21 no.4
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• pp.123-131
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• 2010

A necessity increases but since a many manpower and the budgets are insufficient for archiving all digital resources the digital archiving at the science information center or the digital library has to be successively processed according to the priority. Therefore, in this research, whether it has to archive among digital resources which Korea Institute Science and Technology Information(KISTI) hold around any kind of contents or not makes analysis and valuation around the value for use. The priority evaluation plan that can become the system analysis and reflection based on this automatically tries to be proposed.