• Journal of Internet Computing and Services
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• v.15 no.6
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• pp.15-26
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• 2014

This study focus on a economic value of the Big Data technologies by real options model using big data technology company's stock price to determine the price of the economic value of incremental assessed value. For estimating stochastic process of company's stock price by big data technology to extract the incremental shares, Generalized Moments Method (GMM) are used. Option value for Black-Scholes partial differential equation was derived, in which finite difference numerical methods to obtain the Big Data technology was introduced to estimate the economic value. As a result, a option value of big data technology investment is 38.5 billion under assumption which investment cost is 50 million won and time value is a about 1 million, respectively. Thus, introduction of big data technology to create a substantial effect on corporate profits, is valuable and there are an effects on the additional time value. Sensitivity analysis of lower underlying asset value appear decreased options value and the lower investment cost showed increased options value. A volatility are not sensitive on the option value due to the big data technological characteristics which are low stock volatility and introduction periods.

• International Journal of Highway Engineering
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• v.6 no.3 s.21
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• pp.17-26
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• 2004

The in-situ California Bearing Ratio (CBR) test has been widely used for evaluating the subgrade condition in asphalt concrete pavements. However, because the in-situ CBR test is expensive and takes plenty of time for operation, it is very difficult to figure out the in-situ characteristics of subgrade strength in detail. For faster and economical operation, the Dynamic Cone Penetrometer (DCP) has been often utilized for estimating the subgrade strength in the field. The relationship between the CBR value and DCP index obtained from the DCP testing has been studied using the laboratory and in-situ testing by other foreign researchers. The objective of this study is to determine the relationship between in-situ CBR value and DCP index of the subgrade materials used in Korea. The DCP index for evaluating the strength of subgrade materials produced in Korea is presented in this paper. Research results propose the regression equation to explain the relationship between the CBR and DCP tests. The in-situ CBR values of subgrade materials range from 20 to 45% indicating the good and sound subgrade condition.

• Journal of Korean Society of Forest Science
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• v.101 no.3
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• pp.395-404
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• 2012

This study was conducted to develop site index equations and to estimate productive areas for major coniferous species in Korea such as Pinus densiflora Sieb. et. Zucc, Pinus densiflora for. erect, Larix leptolepis and Pinus koraiensis using environmental factors. Using the large data set from both a digital forest site map and a climatic map, a total of 43 environmental factors including 15 climatic variables were regressed on site index by tree species to develop site index equations. Six environmental factors by species were selected as independent variables in the final site index equations. The result showed that the coefficients of determination for site index equations by species were ranged from 0.36 to 0.56, which seem to be relatively low but good enough for the estimation of forest stand productivity. The site index equations developed in this study were also verified by three evaluation statistics such as the estimation bias of model, precision of model, and mean square error of measurement. According to the evaluation statistics, it was found that the site index equations by species fitted well to the test data sets with relatively low bias and variation. As a result, it was concluded that the site index equations by species were well capable of estimating site quality. Based on the site index equations, the productive areas by species for all forest areas were estimated by applying GIS technique to the digital forest site map and climate map. In addition, the distribution of productive areas by species was illustrated by using GIS technique.

• Composites Research
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• v.23 no.4
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• pp.44-51
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• 2010

Recently, to solve the problems associated with the neutralization and corrosion of reinforced concrete compression members, the structural configurations such as CFFT (Concrete Filled GFRP Tube) and RCFFT (Reinforced Concrete Filled GFRR Tube) have been developed and applied to main members of civil engineering structure. These members can increase structural performance in terms of structural stability, ductility as well as chemical resistance compared with conventional concrete structural members. Many researches in numerous institutions to predict the load carrying capacity of the concrete compression member strengthened with FRP materials have been conducted and they have been suggested an equation for the prediction of the load carrying capacity of the members. Through the review of the research results, it was found that their results are similar each other. Moreover, it was also found that the results are not directly applicable to our specimens since the results are largely depended upon the member configurations. Also, since the accurate design criteria for the RC members strengthened with FRP such as RCFFT have not been established properly, relevant theoretical and experimental investigations must be conducted for the application to the practical structures. In this study, structural behavior of RCFFT was evaluated through compressive and quasi-static flexural tests in order to formulate design criteria for the structural design. In addition, the RCFFT members were also investigated to examine their confinement effect and the equations capable of estimating the compressive ultimate strength and flexural stiffness of the RCFFT members were proposed.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.36 no.6
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• pp.1023-1035
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• 2016

Suspended sediment concentration (SSC) is a crucial riverine parameter in terms that it can be utilized for analyzing sediment transport, stability assessment of river and structure and so on. However, in case of domestic, sediment discharge data are not enough because of using conventional sediment samplers. This study aimed at developing a practical technique for estimating suspended sediment concentration in high spatial and temporal resolution by building relationship between acoustic backscatter (or SNR) from H-ADCP with actually observed data using LISST-100X. In this regard, a dedicated correction algorithm was proposed particularly for the adapted H-ADCP (SonTek SL-3000). Then, a SNR-SSC relation was built based upon a real-scale field experiment, where both H-ADCP and LISST-100X were concurrently operated to observe SNR and SSC, respectively. The coefficient of determination for the developed regression equation of SNR-SSC relation was around 0.85~0.88, thereby the relation could be evaluated to be highly correlated. The result of this study might be potentially applied for real-time and simultaneous observation of SSC when H-ADCP could be applied.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.23 no.5
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• pp.345-357
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• 2011

Recently, as part of diversifying energy sources and earth environmental issues, technology development of new renewable energy using wave energy is actively promoted and commercialized around Europe and Japan etc. In particular, OWC(Oscillating Water Column) wave power generation system using air flow induced by vertical movement of the water surface by waves in an air-chamber within caisson is known as the most efficient wave energy absorption device and therefore, is one of the wave power generation apparatus the closest to commercialization. This study examines air flow velocity, which operates turbine(Wells turbine) directly in oscillating water column type wave power generation structure from two-and three-dimensional numerical experiments and discusses optimal shape of oscillating water column type wave power generation structure by estimating the maximum flow rate of air according to change in shape. The three-dimensional numerical wave flume was applied in interpretation for this study which is the model for the immiscible two-phase flow based on the Navier-Stokes Equation. From this, it turned out that size of optimal shape appears differently according to the incident wave period and air flow is maximized at the period where minimum reflection ratio occurs.

• International Journal of Highway Engineering
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• v.20 no.1
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• pp.87-95
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• 2018

PURPOSES : A geo-grid pavement, e.g., a stress-absorbing membrane interlayer (SAMI), can be applied to an asphalt-overlay method on the existing surface-pavement layer for pavement maintenance related to reflection cracking. Reflection cracking can occur when a crack in the existing surface layer influences the overlay pavement. It can reduce the pavement life cycle and adversely affect traffic safety. Moreover, a failed overlay can reduce the economic value. In this regard, the objective of this study is to evaluate the bonding properties between the rigid pavement and a SAMI by using the direct shear test and the pull-off test. The predicted fractural energy functions with the shear stress were determined from a numerical analysis of the moving average method and the polynomial regression method. METHODS : In this research, the shear and pull-off tests were performed to evaluate the properties of mixtures constructed using no interlayer, a tack-coat, and SAMI with fabric and without fabric. The lower mixture parts (describing the existing pavement) were mixed using the 25-40-8 joint cement-concrete standard. The overlay layer was constructed especially using polymer-modified stone mastic asphalt (SMA) pavement. It was composed of an SMA aggregate gradation and applied as the modified agent. The sixth polynomial regression equation and the general moving average method were utilized to estimate the interlayer shear strength. These numerical analysis methods were also used to determine the predictive models for estimating the fracture energy. RESULTS : From the direct shear test and the pull-off test results, the mixture bonded using the tack-coat (applied as the interlayer between the overlay layer and the jointed cement concrete) had the strongest shear resistance and bonding strength. In contrast, the SAMI pavement without fiber has a strong need for fractural energy at failure. CONCLUSIONS : The effects of site-reflection cracking can be determined using the same tests on cored specimens. Further, an empirical-mechanical finite-element method (FEM) must be done to understand the appropriate SAMI application. In this regard, the FEM application analy pavement-design analysis using thesis and bonding property tests using cored specimens from public roads will be conducted in further research.

• Korean Journal of Soil Science and Fertilizer
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• v.33 no.6
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• pp.398-404
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• 2000

We examined the effect of soil:water ratio on the equivalent concentration of individual electrolyte species and the electrical conductivities (EC) of the diluted extracts of 24 soil samples (loam or silt loam) collected from rose-cultivated plastic houses to estimate the EC of saturated soil-paste extracts (ECe) from diluted soil extracts. With increasing volume ratio of water (higher dilution), the equivalent concentrations of each electrolyte species and their sum increased. The relative contribution to the EC, however, was highest for $NO_3{^-}$, irrespective of soil:water ratio. The measured ECe was 6.36 for loam and $8.09dS\;m^{-1}$ for silt loam soils and the corresponding soil:water ratio was 0.38 and 0.50, respectively. The EC_e estimated from the EC of diluted extracts at 1:1, 1:2, or 1:5 soil:water ratios using their corresponding uniform diluted factors was lower than the measured EC_e and this difference was greater with higher dilution and EC values. Therefore, the alternative diluted factors (y) for each soil: water ratio were obtained following the definition of diluted factor and were correlated significantly with volume ratios of added water (x): y=1.55x+0.5 for loam and y=1.21x+0.48 for silt loam soils. On the other hand, correlation analyses of the EC of soil extracts (y) to the volume ratio of added water (x) on log-log scale yielded linear models: logy = -0.805logx + logb, SD of slope=0.05, b=sample specific constant, n=24). With known saturation percentage of a sample representing a group and and the EC of diluted extract of a given soil, the EC_e could be predicted using the proposed logarithmic equation.

• Environmental and Resource Economics Review
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• v.23 no.2
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• pp.187-224
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• 2014

We present key issues to consider in estimating damages from price-fixing cases and then apply the procedure addressing those issues to a transportation fuel market. Among the five methods of overcharge calculation, the regression analysis incorporating the yardstick method is the best. If the price equation relates the domestic price to the foreign price and the exchange rate as in the transportation fuel market, the functional form satisfying both logical consistency and modeling flexibility is the log-log functional form. If the data under analysis is of time series in nature, then the ARDL model should be the base model for each market and the regression analysis incorporating the yardstick method combines these ARDL equations to account for inter-market correlation and arrange constant terms and collusion-period dummies across component equations appropriately so as to identify the overcharge parameter. We propose a two-step test for the benchmarked market: (a) conduct market-by-market Spearman or Kendall test for randomness of the individual market price series first and (b) then conduct across-market Friedman test for homogeneity of the market price series. Statistical significance is the minimal requirement to establish the alleged proposition in the world of uncertainty. Between the sensitivity analysis and the model selection process for the best fitting model, the latter is far more important in the economic analysis of damage in price-fixing litigation. We applied our framework to a transportation fuel market and could not reject the null hypothesis of no overcharge.

• The Journal of Engineering Geology
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• v.25 no.3
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• pp.377-385
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• 2015

We constructed a model test apparatus to evaluate the dependence of the saturation velocity (V_s) in soils on rainfall intensity (I_R). The apparatus comprises a soil box, a rainfall simulator, and measuring sensors. The model grounds (60 cm × 50 cm × 15 cm) were formed by Joomunjin standard sand with a relative density of 75%. The rainfall simulator can control the rainfall intensity to reenact the actual rainfall in a soil box. Time Domain Reflectometer (TDR) sensors and tensiometers were installed in the soils to measure changes in the volumetric water content and matric suction due to rainfall infiltration. During the tests, the soil saturation was determined by raising the groundwater table, which was formed at the bottom of the soil box. [Please check that the correct meaning has been maintained.] The wetting front did not form at the ground surface during rainfall because the soil particles were uniform and the coefficient of permeability was relatively high. Our results show that the suction stress of the soils decreased with increasing volumetric water content, and this effect was most pronounced for volumetric water contents of 20%-30%. Based on a regression analysis of the relationship between rainfall intensity and the average saturation velocity, we suggest the following equation for estimating the saturation velocity in soils: V_savg (cm/sec) = 0.068I_R (mm/hr).