• Proceedings of KOSOMES biannual meeting
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• 2002.10a
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• pp.149-160
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• 2002

The relatively rapid rising trends of crime rates in marine situations leads to social concerns in Korea. This study reviews some theoretical backgrounds of the economics of crime and apply econometric models to Korean marine crimes. We find that there is a negative relationship between marine crime rates and unemployment rates and positive relationship between price level and marine crime in Korea. And also we find that unemployment elasticities are higher in the 1980s' and price elasticities are higher in th 90's in comparison with the results of the other periods. This findings are incompatible with the previous theoretical researches in advanced countries. This findings show that in rapidly growing economy, marine crime occurrence is proportional to marine economic activity frequency. This result may reflect that marine crimes are different from land crimes.

• Journal of the Korean Operations Research and Management Science Society
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• v.39 no.2
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• pp.97-109
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• 2014

This paper considers a reverse supply chain with simultaneous recovery of used products and manufacturing of brand-new ones. Recovered products are downgraded and have to be sold in a market different from that of brand-new products at a different price. In case of a shortage of recovered product inventory, a brand-new item, if available, can be offered at the price of a recovered product. In other words, one-way demand substitution is allowed. We address the joint decision of when to manufacture brand-new product, when to recover returned product, and how to control demand substitution to maximize the hybrid production system's profits. To this end, we propose a Markov decision Process model and investigate the structure of the optimal policy. Performance comparison is numerically implemented between the models with and without downward demand substitution option under different operating conditions of the system parameters.

• Proceedings of the KIPE Conference
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• 2001.07a
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• pp.63-66
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• 2001

Photovoltaic System does military exploit that use heliometer light and is clearness source of energy. Photovoltatic System is no noise, shock among is several Substitute energy and after establishment maintenance having simple special quality, is applied in many fields. However, while Photovoltatic System is having these advantage, but react sensitively in effect of Photovoltaic scanning Quantity, temperature change etc.. surrounding environment, when did not satisfy condition, express indefinite output price. Consider voltage$\cdot$current output measurement value and temperature revision calculation by temperature change of existing photovoltaic system and change of output price of when did Simulation analyzed comparison.

• Journal of Korea Technology Innovation Society
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• v.11 no.2
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• pp.314-334
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• 2008

This study aims to analyze the economic impact of IT industries to the Korean economy using IO tables from 1980 to 2003. As a result for the comparison with the economic impacts subject to 9 major industries, an importance of IT industries in Korean economy is likely to have increased very rapidly since 1980. And we also found that the production effect and spillover effect of Korean IT industry has steadily reduced whereas its price effect is still large.

• Journal of the Korean Society for Industrial and Applied Mathematics
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• v.26 no.4
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• pp.343-352
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• 2022

We present the user-friendly graphical user interface design and implementation of Monte Carlo simulation (MCS) for computing option price of the four-underlying asset step-down equity linked securities (ELS) using the Android platform. The ELS has been one of the most important and influential financial products in South Korea. Most ELS products are based on one-, two-, and three-underlying assets. However, currently there is a demand for higher coupon payment from ELS products because of the increased interest rate in financial market. In order to allow the investors to have higher coupon payment, it is necessary to design a multi-asset ELS such as four-asset step-down ELS. We conduct the computational experiments to demonstrate the performance of the Android platform for pricing four-asset step-down ELS. Furthermore, we perform a comparison test with a three-asset step-down ELS.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.253-260
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• 2022

Existing web-based cost databases have proved invaluable for construction cost estimating. These databases have been utilized to compute approximate cost estimates using assembly rates, unit rates, and etc. These web-based databases can be used independently with traditional cost estimation methods (manual methods) or used to support BIM-based cost estimating platforms. However, these databases are rigid, costly, and require a lot of manual inputs to reflect recent trends in prices or prices relative to a construction project's location. To address this gap, this study integrated deep learning techniques with web-based price analysis to develop a database that incorporates a project's location cost estimating standards and current cost trends in generating a cost estimate. The proposed method was tested in a case study project in Lagos, Nigeria. A cost estimate was successfully generated. Comparison of the experimental results with results using current industry standards showed that the proposed method achieved a 98.16% accuracy. The results showed that the proposed method was successful in generating approximate cost estimates irrespective of project's location.

• Bulletin of the Korean Mathematical Society
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• v.60 no.2
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• pp.361-388
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• 2023

In this study, we deal with American lookback option prices on dividend-paying assets under a stochastic volatility (SV) model. By using the asymptotic analysis introduced by Fouque et al. [17] and the Laplace-Carson transform (LCT), we derive the explicit formula for the option prices and the free boundary values with a finite expiration whose volatility is driven by a fast mean-reverting Ornstein-Uhlenbeck process. In addition, we examine the numerical implications of the SV on the American lookback option with respect to the model parameters and verify that the obtained explicit analytical option price has been obtained accurately and efficiently in comparison with the price obtained from the Monte-Carlo simulation.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.33 no.8B
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• pp.681-688
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• 2008

In this paper, we propose a new price-based call admission control algorithm for multi-class communication networks. When a call arrives at the network, it informs the network of the number of requested circuits and the minimum amount of time that it will require. The network provides the optimal price for the arrived call with which it tries to maximize its expected revenue. The optimal price is dynamically adjusted based on the information of the arrived call, and the present and the estimated future congestion level of the network during the reservation time of the call. If the call accepts the price, it is admitted. Otherwise, it is rejected. We compare the performance of our dynamic pricing algorithm with that of the static pricing algorithm by Courcoubetis and Reiman [1], and Paschalidis and Tsitsiklis [2]. By the comparison, we show that our dynamic pricing algorithm has better performance aspects such as higher call admission ratio and lower price than the static pricing algorithm, although these two algorithms result in almost the same revenue as shown in [2]. This implies that, in the competitive situation, the dynamic pricing algorithm can attract more users than the static pricing algorithm, generating more revenue. Moreover, we show that if a certain fixed connection fee is introduced to the price for a call, our dynamic pricing algorithm yields more revenue.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.4
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• pp.373-381
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• 2016

To investigate the influence of hand cream of domestic and foreign brands on the purchase tendency, a survey was conducted on hand cream application, purchase tendency, and perception of 105 women in a metropolitan area. Market research was then conducted to compare the hand cream cost, quantity, and total substance, and the hand creams were sorted according to high-price and low-price, and foreign brand and domestic brand, and a clinical demonstration was conducted by back-hand application on 17 recipients to analyze the moisture and skin oil differences and the moisture endurance. As a result, the percentage of subjects who perceived that the price and brand of hand cream affects the quality was higher than those who did not, and the hand cream prize per 1mg (g) varied as much as fourfold among the high-price and low-price, and among foreign and domestic brands. The result of the total substance comparison, glycerin the moisturizer and cetearyl alcohol the skin conditioner were included in all hand creams. As a result of the clinical demonstration, the difference in moisture and skin oil difference and moisture endurance between the high-price and low-price and foreign brand did not show a statistically significant difference. These results show that there are no relationships between skin moisture and sebeum of the brand. Therefore, considering that hand cream is a highly consumptive product that is used multiple times on a daily basis, these results might provide fundamental data that could contribute to the increase in hand cream product quality by determining the consumers' needs.

• Journal of the Korean Society of Clothing and Textiles
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• v.32 no.4
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• pp.630-640
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• 2008

The purpose of this study was to investigate and make comparison of clothing images presented in women's formal and casual brands. The data were collected from 39 formal brands out of 155 and 64 casual brands out of 256 in Korea Fashion Brand Annual in 2005/2006. 316 words selected were classified into five clothing images according to the definition of previous researches and analyzed according to age ranges and price zones of brands. The results were as follows: 1) Formal brands focused on thirties and forties in age ranges and better and prestige in price zones, while casual brands centered on twenties in age range and better and volume in price zones. 2) Luxury, modem and feminine were more frequent words than others both in formal and casual brands, but elegant was found most frequently in formal brands, while comfortable, chic and simple were found frequently in casual brands. 3) Clothing images were classified into four types and appeared in elegance, modernity, individuality, and activeness order in formal brands, while clothing images in casual brands were classified into five types including youthfulness and appeared in elegance, activeness, modernity, individuality, and youthfulness order. 4) Elegance was a highly presented as clothing image in all the age ranges except thirties of formal brands but modernity and activeness with elegance were presented in price zones of casual brands. This study found that there were differences in clothing images in women's formal and casual brands.