• 제목/요약/키워드: real value

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The Opportunities and Challenges of Implementing BEAM Plus in Hong Kong from the Perspectives of Government and Developers

  • Lau, Ka-ho;Fu, Man-man;Yim, Yik-fung;Zayed, Tarek;Sun, Yi
    • International conference on construction engineering and project management
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    • The 8th International Conference on Construction Engineering and Project Management
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    • pp.333-342
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    • 2020
  • Due to the enhancing environmental concerns worldwide with the need of increasing demand for sustainability of building design, maintenance and operation, key stakeholders including the government and developers in many countries strike for the benefits in implementing the green design and building concepts in constructing, infrastructure as well as the buildings. Different countries have their standards or certifications for green buildings while the adoption rate of BEAM-Plus in HK is relatively less compared with other developed countries such as Europe, USA and Japan. Therefore, in the present research, BEAM-Plus, the beginning assessment method of green standard implemented in HK, will be mainly discussed. Current situation of BEAM-Plus implementation in HK will be reviewed and then adopt a systematic approach via literature review and research paper, questionnaire with Analytic Hierarchy Process (AHP) method to depict the opportunities and challenges from the perspective of government and developers regarding implementing BEAM-Plus in HK and thus investigate the implementation gaps. It is found that for both the macro level of opportunity and challenge, the most important criterion is political, in which the weighting value are 0.3114 and 0.2321 respectively. It is obvious that government plays a critical and significant role in affecting the development of BEAM plus. Technological difficulty is also an important factor that challenging and hindering the implementation of BEAM plus, the weighting value is 0.2194 under challenge hierarchy. More experts and professionals should be imported to Hong Kong to enhance the technique is building green buildings. At the end of this paper, solutions and actions will also be suggested and concluded in alleviating the challenges. Finally, solutions and actions are suggested and concluded in alleviating the challenges. Findings from this research can guide developers to consider adopting green elements, government and Green Building Council in HK to review green buildings' policy.

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The Effect of Exogenous Risks Upon the Choice of Real Options in ERP Projects in Korea: An Empirical Approach (ERP 프로젝트의 외생위험이 실물옵션 선택에 미치는 영향에 대한 실증 연구: 국내 ERP 프로젝트를 중심으로)

  • Nam, Seunghyeon;Kim, Taeha;Yang, Heedong
    • The Journal of Information Systems
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    • 제22권3호
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    • pp.43-58
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    • 2013
  • This work investigates factors that may affect the choice of real options by ERP project managers. Financial theory suggest that these factors include risk-free interest rate, time to maturity, volatility of net present value, and options exercise price. Other than these factors, we are interested in the exogenous risks related to external uncertainties about technological cost, user learning and consulting, and so forth and we argue these risks should have a significant impact upon the volatility of net present value. To validate these factors empirically, we collected survey questionnaires from ERP project managers in Korea. We find that perceived exogenous risks with regard to ERP projects influence volatility and additionally find that ERP project managers prefer contract options of the project when the volatility of the project is expected to be high. We expect that this work will not only validate theoretical propositions but help project managers consider ERP options strategically based on these factors.

A Modified Real Options Valuation Model for Early Stage Start-Ups in the Game Industry (초기 게임개발사 특성을 고려한 가치평가 모형 연구)

  • Yoo, Changsok;Poe, Baek
    • Journal of Korea Game Society
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    • 제13권3호
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    • pp.69-76
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    • 2013
  • The financial value of early stage start-up has a tendency to depend more on the non-financial factors, but these are not efficiently reflected in the traditional valuation models. Therefore, most of valuation practices for early stage start-ups heavily relied on the guts of experts. To remedy this, this study suggests a model to directly reflect the non-financial factors especially for the real options approach. Actual process of valuation and the adjustment way were developed considering the characteristics of early stage start-ups in the game industry.

A Design of Real-time Automatic Focusing System for Digital Still Camera Using the Passive Sensor Error Minimization (수동 센서의 오차 최소화를 이용한 실시간 DSC 자동초점 시스템 설계)

  • Kim, Geun-Seop;Kim, Deok-Yeong;Kim, Seong-Hwan
    • The Transactions of the Korean Institute of Electrical Engineers D
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    • 제51권5호
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    • pp.203-211
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    • 2002
  • In this paper, the implementation of a new AF(Automatic Focusing) system for a digital still camera is introduced. The proposed system operates in real-time while adjusting focus after the measurement of distance to an object using a passive sensor, which is different from a typical method. In audition, measurement errors were minimized by using the data acquired empirically, and the optimal measuring time was obtained using EV(Exposure Value) which is calculated from CCD luminance signal. Moreover, this system adopted an auxiliary light source for focusing in absolute dark conditions, which is very hard for CCD image Processing. Since this is an open-loop system adjusting focus immediately after the distance measurement, it guarantees real-time operation. The performance of this new AF system was verified by comparing the focusing value curve obtained from AF experiment with the one from the measurement by MF(Manual-Focusing). In both case, edge detector was used for various objects and backgrounds.

PhysioCover: Recovering the Missing Values in Physiological Data of Intensive Care Units

  • Kim, Sun-Hee;Yang, Hyung-Jeong;Kim, Soo-Hyung;Lee, Guee-Sang
    • International Journal of Contents
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    • 제10권2호
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    • pp.47-58
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    • 2014
  • Physiological signals provide important clues in the diagnosis and prediction of disease. Analyzing these signals is important in health and medicine. In particular, data preprocessing for physiological signal analysis is a vital issue because missing values, noise, and outliers may degrade the analysis performance. In this paper, we propose PhysioCover, a system that can recover missing values of physiological signals that were monitored in real time. PhysioCover integrates a gradual method and EM-based Principle Component Analysis (PCA). This approach can (1) more readily recover long- and short-term missing data than existing methods, such as traditional EM-based PCA, linear interpolation, 5-average and Missing Value Singular Value Decomposition (MSVD), (2) more effectively detect hidden variables than PCA and Independent component analysis (ICA), and (3) offer fast computation time through real-time processing. Experimental results with the physiological data of an intensive care unit show that the proposed method assigns more accurate missing values than previous methods.

An Efficient Economic Evaluation Method for Remodeling Project (리모델링 프로젝트의 효율적 경제성 평가방안)

  • Kim Kyoung-Joong;Woo Kyoung-Sub;Park Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 한국건설관리학회 2001년도 학술대회지
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    • pp.261-266
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    • 2001
  • Recently, remodeling has been introduced in the domestic construction industry as an alternative new construction. Its economic evaluation is the essential part of remodeling business. Therefore, this study has the purpose of presenting the method that is able to evaluate the actual value in the market. And this method can compare before & after value of remodeling in feasibility study. For this, this study reviews economic evaluation methods in construction and real estate fields and analysis their problem and merits & faults. With those facts, this study makes a mixed economic evaluation method that can be used in construction and real estate fields.

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Development of Real-Time Arrhythmia Detection and BLE-based Data Communication Algorithm for Wearable Devices (웨어러블 디바이스를 위한 실시간 부정맥 검출 및 BLE기반 데이터 통신 알고리즘 개발과 적용)

  • SooHoon, Maeng;Daegwan, Kim;Hyunseok, Lee;Hyojeong, Moon
    • Journal of Biomedical Engineering Research
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    • 제43권6호
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    • pp.399-408
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    • 2022
  • Because arrhythmia occurs irregularly, it should be examined for at least 24 hours for accurate diagnosis. For this reason, this paper developed firmware software for arrhythmia detection and prevented consumption of temporal and human resources and enabled continuous management and early diagnosis. Prior to the experiment, the interval between the R peaks of the QRS Complex was calculated using the Pan-Tompkins algorithm. The developed firmware software designed and implemented an algorithm to detect arrhythmia such as tachycardia, bradycardia, ventricular tachycardia, persistent tachycardia, and non-persistent tachycardia, and a data transmission format to monitor the collected data based on BLE. As a result of the experiment, arrhythmia was found in real time according to the change in BPM as designed in this paper. And the data quality for BLE communication was verified by comparing the sensor's serial communication value with the Android application reception value. In the future, wearable devices for real-time arrhythmia detection will be lightweight and developed firmware software will be applied.

EVALUATION OF MINIMUM REVENUE GUARANTEE(MRG) IN BOT PROJECT FINANCE WITH OPTION PRICING THEORY

  • Jae Bum Jun
    • International conference on construction engineering and project management
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    • The 3th International Conference on Construction Engineering and Project Management
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    • pp.800-807
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    • 2009
  • The limited public funds available for infrastructure projects have led governments to consider private entities' participation in long-term contracts for finance, construction, and operation of these projects to share risks and rewards between the public and the private. Because these projects have complicated risk evolutions, diverse contractual forms for each project member to hedge risks involved in a project are necessary. In light of this, Build-Operate-Transfer(BOT) model is considered as effective to accomplish Public Private Partnerships(PPPs) with a characteristic of an ownership-reversion. In BOT projects, the government has used such an incentive system as minimum revenue guarantee(MRG) agreement to attract the private's participation. Although this agreement turns out critical in success of BOT project, there still exist problematic issues in a financial feasibility analysis since the traditional capital budgeting theory, Net Present Value(NPV) analysis, has failed to evaluate the contingent characteristic of MRG agreement. The purpose of this research is to develop real option model based on option pricing theory so as to provide a theoretical framework in valuing MRG agreement in BOT projects. To understand the applicability of the model, the model is applied to the example of the BOT toll road project and the results are compared with that by NPV analysis. Finally, we found that the impact of the MRG agreement is significant on the project value. Hence, the real option model can help the government establish better BOT policies and the developer make appropriate bidding strategies.

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Real-time Speed Sign Recognition Method Using Virtual Environments and Camera Images (가상환경 및 카메라 이미지를 활용한 실시간 속도 표지판 인식 방법)

  • Eunji Song;Taeyun Kim;Hyobin Kim;Kyung-Ho Kim;Sung-Ho Hwang
    • Journal of Drive and Control
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    • 제20권4호
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    • pp.92-99
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    • 2023
  • Autonomous vehicles should recognize and respond to the specified speed to drive in compliance with regulations. To recognize the specified speed, the most representative method is to read the numbers of the signs by recognizing the speed signs in the front camera image. This study proposes a method that utilizes YOLO-Labeling-Labeling-EfficientNet. The sign box is first recognized with YOLO, and the numeric digit is extracted according to the pixel value from the recognized box through two labeling stages. After that, the number of each digit is recognized using EfficientNet (CNN) learned with the virtual environment dataset produced directly. In addition, we estimated the depth of information from the height value of the recognized sign through regression analysis. We verified the proposed algorithm using the virtual racing environment and GTSRB, and proved its real-time performance and efficient recognition performance.

Analysis of Learning Experience on Team-based Technology Design Project of Non-Engineering Students

  • KIM, Insu
    • Educational Technology International
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    • 제15권2호
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    • pp.201-215
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    • 2014
  • The design project of a technology product provides an opportunity for students to experience the inter-connectedness of academic information and ill-defined real-world problems. This study focuses on non-engineering students' activity and perception through the assistive technology design project. For this purpose, participants engaged in a team-based technology design project. Then, a qualitative research approach was adopted, which included reflective journals with 24 undergraduate students majored in Adaptive Physical Education. The analysis identified six factors (knowledge value, social value, reality value, accomplishment value, perspective value, benefit value) of perception and five stages (topic selection, function suggestion, visualization, presentation preparation, and presentation) of activity.