• Title/Summary/Keyword: recovery cost

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Time to Invest in Real Asset with Option Pricing Theory - Focused on REITs - (옵션가격결정이론에 기반한 실물자산의 투자시기 결정 - 부동산투자신탁회사(REITs)를 중심으로 -)

  • Jun, Jae-Bum;Lee, Sam-Su
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.6
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    • pp.54-64
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    • 2010
  • A firm decides to go to the project based on its investment analysis. However, the cash flows generated from the real project can not be always coincident with what expected as it follows uncertain behavior and the asymmetric payoff caused by the managerial flexibilities involved in the real asset affects the project value. Amongst various managerial flexibilities entailed in most of the real assets, although investment delay has been known to enhance the project value thanks to its ability to provide new market information to management, the related research to select the time to invest have been just few. Therefore, this research aims to show the theoretical framework to decide when to invest reflecting the behaviors of increasing project value and loss recovery cost due to investment delay with option pricing, related financial economic, and variational theories.

The Study of Flood Simulations using LiDAR Data (LiDAR 자료를 이용한 홍수 시뮬레이션에 관한 연구)

  • Shim, Jung-Min;Lee, Suk-Bae
    • Journal of Korean Society for Geospatial Information Science
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    • v.14 no.4 s.38
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    • pp.53-60
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    • 2006
  • The purpose of this paper is forcasting of flooding area using LiDAR surveying data, and flood map for damage prevention is established for this purpose. Teahwa river at Ulsan city was chosen as test area and the flood simulation was produced in this area. For the flood simulation, each DEM using LiDAR data and digital map was established and then HEC model program and MIKE program was used to decide the amount of flood flowing and flood height. To improve the rainfall-overflow simulation confidence using inspection comparison of LiDAR data this paper analyzed and compared the LiDAR DEM accuracy and 1/5000 digital map DEM. The height accuracy is important factor to make flood map, however, LiDAR survey execution of all river area is not economic so, LiDAR survey execution of only important area is possible to be make high accuracy and economic flood map. The expectation effect of flood simulation is flood damage prevention and economic savings of recovery cost by forcasting of rainfall-overflow area and establishment of counter-measure.

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Design of FIR Filters With Sparse Signed Digit Coefficients (희소한 부호 자리수 계수를 갖는 FIR 필터 설계)

  • Kim, Seehyun
    • Journal of IKEEE
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    • v.19 no.3
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    • pp.342-348
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    • 2015
  • High speed implementation of digital filters is required in high data rate applications such as hard-wired wide band modem and high resolution video codec. Since the critical path of the digital filter is the MAC (multiplication and accumulation) circuit, the filter coefficient with sparse non-zero bits enables high speed implementation with adders of low hardware cost. Compressive sensing has been reported to be very successful in sparse representation and sparse signal recovery. In this paper a filter design method for digital FIR filters with CSD (canonic signed digit) coefficients using compressive sensing technique is proposed. The sparse non-zero signed bits are selected in the greedy fashion while pruning the mistakenly selected digits. A few design examples show that the proposed method can be utilized for designing sparse CSD coefficient digital FIR filters approximating the desired frequency response.

The Trend and forecast of world Aircraft industry (세계 항공기산업 동향과 전망)

  • Chang, Tae-Jin
    • Current Industrial and Technological Trends in Aerospace
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    • v.6 no.1
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    • pp.14-24
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    • 2008
  • After 2001, the world aircraft industry grows consistently with world's economic recovery. The environmental changes after 9.11, including the market decent and revival, rise in oil price, and the environmental problems, make the aircraft industry change gradually. The increasing demand of point-to-point flight needs over 200 seat class large jets and changes the main model of regional jet over 100 seat class. And the needs of various flight schedule raises the demand of business jet and VLJ. The competition between airliners including the main streams, the regionals and the low prices goes harder and it needs more efficient airplanes which reduce the cost. In the military side, still the development of 5th generation fighter is proceeding and it diffuses to the more countries. Before its popularization, the 4th generation fighter is chosen for good alternatives of it. And there are some changes in the military demand after the war against terrorism. The army needs more unmanned reconnaissance and they want new aircraft which gives more accessibility.

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Platform Design for Optimal Migration Cost of Mobile Agents (이동 에이전트의 최적 이주 비용을 위한 플랫폼 설계)

  • 김완성;복경수;신재룡;유재수
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.8 no.1
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    • pp.137-149
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    • 2004
  • A new software paradigm is required on the development of network and various service requirements. With this, many studies on a mobile agent have been made. For the execution of the mobile agent, migration is the most important factor that influences the performance of the mobile agent. In this paper we propose the method that leads to high migration efficiency in order to improve the performance. The features of our migration technique are as follows. First, the migration technique creates the dynamic itinerary that appropriately copes with the network conditions and the platform changes to improve the agent execution efficiency. Second, it perfecters an executed code to reduce the amount of the mobile data and reduces the execution time by instantiating the agent in advance. Third, it improves the execution efficiency by using the checkpoint-based recovery method that does not execute the agent again and recovers the process states even though the errors take place. Though the simulation we compare the proposed method with the existing methods. The simulation result shows that the proposed method outperform the existing methods in terms of migration.

The Study of continuous cardiac output measurement module development of the cardiopulmonary function patient of using the Swan-Ganz Catheter (Swan-Ganz 카테터를 이용한 심폐기능 이상 환자의 지속적 심박출량 측정 모듈 개발)

  • Lim, Byeong-Seon;Han, Seung-Hwan;Kim, Young-Kil
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.17 no.4
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    • pp.959-964
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    • 2013
  • This study materialized the new module which enables to measure more precise data than the existing modules in order to examine the cardiac disorder critical patient's state by using Swan-Ganz Catheter. There was bolus type CO(Cardiac Output) module which measured CO by measuring the blood changes in temperature and recovery time by injecting cold sap into the heart in the past, but recently, it is not used in most of hospitals due to limit of difficulty of continuous monitoring for the patients. To overcome this limit, the continuous cardiac output measurement platform was materialized to enable the continuous monitoring for patients. The wasted cost issues because of introducing the expensive imported equipment to observe the critical patient`s state with abnormal cardiopulmonary function in the hospitals can be solved by using this new module, and the problem of existing modules should be supplemented for more accurate diagnosis by collecting more precise data.

Treatment of Metal Wastes with Manganese Nodules (망간단괴 제연 시 금속계 폐자원의 처리)

  • Park Kyung-Ho;Nam Chul-Woo;Kim Hong-In;Park Jin-Tae
    • Resources Recycling
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    • v.14 no.4 s.66
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    • pp.17-21
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    • 2005
  • Deep-sea Manganese nodules was treated with reduction-smelting process with adding the spent Ni-Cd battery or the cobalt contained spent catalyst for recovery of nickel and cobalt metals. The nickel in the spent Ni-Cd battery could be recovered by adding $5\%$ coke as a reducing agent regardless of the amount of battery added. However, to recover cobalt from the spent catalyst, it is require to add more coke for reduction of cobalt oxide in the catalyst. The treatment of metal wastes with manganese nodules can contribute to lower the cost for the processing of nodules and to facilitate the recycling of metal wastes.

Clinical Outcomes of Diffuse Axonal Injury According to Radiological Grade

  • Lee, Hak-Jae;Sun, Hyun-Woo;Lee, Jae-Seok;Choi, Nak-Joon;Jung, Yoon-Joong;Hong, Suk-Kyung
    • Journal of Trauma and Injury
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    • v.31 no.2
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    • pp.51-57
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    • 2018
  • Purpose: Patients with diffuse axonal injury experience various disabilities and have a high cost of treatment. Recent researches have revealed the underlying mechanism and pathogenesis of diffuse axonal injury. This study aimed to investigate the correlation between the radiological grading of diffuse axonal injury and the clinical outcomes of patients. Methods: From January 2011 to December 2016, among 294 patients with traumatic brain injury, 44 patients underwent magnetic resonance imaging (MRI). A total of 18 patients were enrolled in this study except for other cerebral injuries, such as cerebral hemorrhage or hypoxic brain damage. Demographic data, clinical data, and radiological findings were retrospectively reviewed. The grading of diffuse axonal injury was analyzed based on patient's MRI findings. Results: For the most severe diffuse axonal injury patients, prolonged intensive care unit (ICU) stay (p=0.035), hospital stay (p=0.012), and prolonged mechanical ventilation (p=0.030) were observed. However, there was no significant difference in healthcare-associated infection rates between MRI grading (p=0.123). Massive transfusion, initial hemoglobin and lactate levels, and MRI gradings were found to be highly significant in predicting the duration of unconsciousness. Conclusions: This study showed that patients with high grade diffuse axonal injury have prolonged ICU stays and significantly longer hospital stays. Deteriorated mental patients with high energy injuries should be evaluated to identify diffuse axonal injuries by using an appropriate imaging tool, such as MRI. It will be important to predict the duration of consciousness recovery using MRI scans.

Mongolia Erden-soum tungsten development (몽골 에르덴솜 텅스텐광 개발을 위한 선별시스템 개발)

  • Kim, Su-Gang;Jeon, Ho-Seok;Baek, Sang-Ho;Kim, Byoung-Gon
    • Mineral and Industry
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    • v.28
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    • pp.1-13
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    • 2015
  • In this study, it was carried out separation process research and development to be able to produce high-grade tungsten concentrate form tungsten taken form Mongolia. In order to reduce treatment cost and increase separation efficiency the jig separation at first was applied for recovering the concentrate. Which reground would make the degree of liberation increase. Which was treated by shaking table to reject the gangue minerals from the first concentrate. Because the heavier product contains not only ferberite but also cassiterite, the product was treated by further dry magnetic separation to obtain the ferberite concentrate. Finally, the high-grade ferberite concentrate of 67.63% $WO_3$ could be obtained with recovery of 86.07% through the separation process developed in this study.

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Electrochemical Destruction of Cyanide Ions and Recovery of Zinc Ions from Electroplating Wastewater (도금폐수 중의 시안착이온의 전기화학적 분해 및 아연 회수에 관한 연구)

  • Niu, Lin;Ro, Byung-Ho;Jung, Cheul;Lee, Yong-Ill
    • Analytical Science and Technology
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    • v.13 no.6
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    • pp.699-704
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    • 2000
  • A study has been made for the electrochemical destruction of cyanide ions and removal of zinc ions from a simulated electroplating wastewater by the use of a platinum platized-titanium anode and a stainless steel cathode. Several experimental parameters, including electrolysis time, cell current, additives, and chloride concentration, have been investigated and used for efficient destruction of cyanide waste and removal of zinc ions from aqueous solutions. It was found that cell current and type of additives gave great effects on the destruction of cyanide ions and removal of zinc ions. The optimized conditions (electrolysis time: 1hr, current: 12A, additive: 0.5 M NaCl) have been defined to destroy cyanide ions and remove zinc ions with high efficiency and low operation cost. The proper reaction mechanism leading to the destruction of cyanide on the anode has also been discussed.

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