• The Journal of Information Systems
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• v.28 no.4
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• pp.333-358
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• 2019

Purpose The study aims to develop a data-based decision model for private bankers when recommending hedge funds to their customers in financial institutions. Design/methodology/approach The independent variables are set in two groups. The independent variables of the first group are aggressive investors, active investors, and risk-neutral type investors. In the second group, variables considered by private bankers include customer propensity to invest, reliability, product subscription experience, professionalism, intimacy, and product understanding. A decision-making variable for a private banker is in recommending a first-rate general private fund composed of foreign and domestic FinTech products. These contain dependent variables that include target return rate(%), fund period (months), safeguard existence, underlying asset, and hedge fund name. Findings Based on the research results, there is a 94.4% accuracy in decision-making when the independent variables (customer rating, reliability, intimacy, product subscription experience, professionalism and product understanding) are used according to the following order of relevant dependent variables: step 1 on safeguard existence, step 2 on target return rate, step 3 on fund period, and step 4 on hedge fund name. Next, a 93.7% accuracy is expected when decision-making uses the following order of dependent variables: step 1 on safeguard existence, step 2 on target return rate, step 3 on underlying asset, and step 4 on fund period. In conclusion, a private banker conducts a decision making stage when recommending hedge funds to their customers. When examining a private banker's recommendations of hedge funds to a customer, independent variables influencing dependent variables are intimacy, product comprehension, and product subscription experience according to a categorical regression model and artificial neural network analysis model.

• KCID journal
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• v.19 no.1
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• pp.64-76
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• 2012

Recently, it has been increased disaster of crops and agricultural facilities with climate change such as regional storm, typhoon. However agricultural facilities have unsafe design criteria of improving drainage corresponding to this change. This study has analyzed the impact that inundation area and magnitude of drainage-facility is decided based on fixed- and unfixed-duration precipitation by applying revised design criteria of drainage for climate change. The result was shown that 1-day and 2-days rainfall for 20-years return period has increased about 11.4%, 4.4% respectively by changing fixed- to unfixed duration. And the increase rate of design flood was 15.0%. The result was also shown that Inundation area was enlarged by 6.6% as well as increased inundation duration under same basic condition in designed rainfall between fixed- and unfixed-duration. According to the analysis, it is necessary for pump capacity in unfixed-duration to be increased by 70% for same effect with fixed-duration. Therefore, when computing method of probability precipitation is changed from fixed one to unfixed-duration by applying revised design criteria, there seems to be improving effect in drainage design. Because 1440-minutes rainfall for 20-years return period with unfixed-duration is more effective than 1-day rainfall for 30-years return period with fixed-duration. By applying unfixed-duration rainfall, capacity of drainage facilities need to be expanded to achieve the same effects (Inundation depth & duration) with fixed-duration rainfall. Further study is required for considering each condition of climate, topography and drainage by applying revised design criteria.

• Journal of the Korean Society of Marine Environment & Safety
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• v.12 no.1 s.24
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• pp.33-38
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• 2006

In marine salvage, extreme tide heights and tidal currents are necessary to anchor an accidental ship. In order to meet this requirement, a simple scheme was developed which yields the spatial informations on the extreme tide from the distribution of approximate highest astronomical tide heights using a relationship between extreme and highest astronomical tides at the standard port. This method is the inference method based on horizontally homogeneity of tide. This scheme was applied to estimate extreme tide heights and tidal currents in the Namhae (southern sea of Korea). The highest astronomical tide heights are computed by amplitude of four major constituents (M2, S2, K1, O1 tide). The estimated extreme tide heights are ranged from 70 to 260 cm for return period 50 years and from 80 to 270cm for return period 100 years, respectively. For return period 100 years, extreme tidal currents show value of 1.55 times as strong as those of normal state.

• Journal of The Geomorphological Association of Korea
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• v.23 no.1
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• pp.87-101
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• 2016

This study was conducted to develop a hydrological model of catchment water balance which is able to estimate irrigation return flows, so BROOK90-K (Kongju National University) was developed as a result of the study. BROOK90-K consists of three main modules. The first module was designed to simulate water balance for reservoir and its catchment. The second and third module was designed to simulate hydrological processes in rice paddy fields located on lower watershed and lower watershed excluding rice paddy fields. The models consider behavior of floodgate manager for estimating the storage of reservoir, and modules for water balance in lower watershed reflects agricultural factors, such as irrigation period and, complex sources of water supply, as well as irrigation methods. In this study, the models were applied on Guryangcheon stream watershed. R2, Nash-Sutcliffe efficiency (NS), NS-log1p, and root mean square error between simulated and observed discharge were 0.79, 0.79, 0.69, and 4.27 mm/d respectively in the model calibration period (2001~2003). Furthermore, the model efficiencies were 0.91, 0.91, 0.73, and 2.38 mm/d respectively over the model validation period (2004~2006). In the future, the developed BROOK90-K is expected to be utilized for various modeling studies, such as the prediction of water demand, water quality environment analysis, and the development of algorithms for effective management of reservoir.

• Journal of Korean Society of Water and Wastewater
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• v.35 no.6
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• pp.389-403
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• 2021

In this study, dual drainage system based runoff model was established for W-drainage area in G-si, and considering the various rainfall characteristics determined using Huff and Mononobe methods, the degree of flooding in the target area was analyzed and the risk was compared and analyzed through the risk matrix method. As a result, the Monobe method compared to the Huff method was analyzed to be suitable analysis for flooding of recent heavy rain, and the validity of the dynamic risk assessment considering the weight of the occurrence probability as the return period was verified through the risk matrix-based analysis. However, since the definition and estimating criteria of the flood risk matrix proposed in this study are based on the return period for extreme rainfall and the depth of flooding according to the results of applying the dual drainage model, there is a limitation in that it is difficult to consider the main factors which are direct impact on inland flooding such as city maintenance and life protection functions. In the future, if various factors affecting inland flood damage are reflected in addition to the amount of flood damage, the flood risk matrix concept proposed in this study can be used as basic information for preparation and prevention of inland flooding, as well as it is judged that it can be considered as a major evaluation item in the selection of the priority management area for sewage maintenance for countermeasures against inland flooding.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.32 no.3B
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• pp.161-168
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• 2012

Drought is a normal and recurrent phenomenon. But, recurring prolonged droughts have caused consequences and diverse impacts on human system. Therefore, understanding drought characteristics is indispensable element in well-prepared drought management. This study aims to investigate the hydrological droughts of Pyongchang stream and Upstream of Namhan-river in Korean peninsula. For modelling of the joint distribution of drought duration and drought severity, the copula method is used to construct the bivariate drought distribution and return period from the predetermined marginal distributions of drought duration and drought severity. As the result, the most severed drought of the Pyongchang stream and Upstream of Namhan-river occuring during period 1967 to 2007 is the 1981 and 1973. Return period for this drought derived from copula is 550 and 110 years.

• Journal of the Society of Naval Architects of Korea
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• v.33 no.1
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• pp.145-152
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• 1996

In this study, the technique to evaluate the extreme design wave height of certain return period is developed from the given measured or hindcasted sea state data of concerned area for limited period. By using the order statistics and Monte Carlo Simulation method, the best fit probability distribution function with proper parameters describing the given wave height data is chosen, from which extreme design wave height can be predicted by extrapolation to the desired return period. The fitness and the confidence limit of the chosen probability function are also discussed. Application calculation is carried out for the wave height data given by applying the Wilson wave model theory to major 50 typhoon wind data affecting Korean South coast during the year from 1938 to 1987.

• The Korean Journal of Financial Management
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• v.22 no.2
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• pp.165-187
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• 2005

This paper tries to investigate the relationships among stock return volatility, time-varying risk premium and Korea Discount. Using Korean Composite Stock Price Index (KOSPI) return from January 4, 1980 to August 31, 2005, this study finds possible links between time-varying risk premium and Korea Discount. First of all, this study classifies Korean stock returns during the sample period by three regime-switching volatility period that is to say, low-volatile period medium-volatile period and highly-volatile period by estimating Markov-Switching ARCH model. During the highly volatile period of Korean stock return (09/01/1997-05/31/2001), the estimated time-varying unit risk premium from the jump-diffusion GARCH model was 0.3625, where as during the low volatile period (01/04/1980-l1/30/1985), the time-varying unit risk premium was estimated 0.0284 from the jump diffusion GARCH model, which was about thirteen times less than that. This study seems to find the evidence that highly volatile Korean stock market may induce large time-varying risk premium from the investors and this may lead to Korea discount.

• Journal of Korea Water Resources Association
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• v.48 no.7
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• pp.567-579
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• 2015

This study performed the non-stationary flood frequency analysis considering time-varying parameters of a probability density function. Also, return period and risk under non-stationary condition were estimated. A stationary model and three non-stationary models using Generalized Extreme Value(GEV) were developed. The only location parameter was assumed as time-varying parameter in the first model. In second model, the only scale parameter was assumed as time-varying parameter. Finally, the both parameters were assumed as time varying parameter in the last model. Relative likelihood ratio test and Akaike information criterion were used to select appropriate model. The suggested procedure in this study was applied to eight multipurpose dams in South Korea. Using relative likelihood ratio test and Akaike information criterion it is shown that the inflow into the Hapcheon dam and the Seomjingang dam were suitable for non-stationary GEV model but the other six dams were suitable for stationary GEV model. Also, it is shown that the estimated return period under non-stationary condition was shorter than those estimated under stationary condition.

• Journal of Korea Water Resources Association
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• v.49 no.4
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• pp.275-282
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• 2016

The objective of this study is to propose a new method to determine the drought event and the design drought severity. In order to define a drought event from precipitation data, theory of run was applied with the cumulative rainfall deficit. When we have a large amount of rainfall over the threshold level, in this study, we compare with the previous cumulative rainfall deficit to determine whether the drought is relieved or not. The recurrence characteristics of the drought severity on the specific duration was analyzed by the conditional bivariate copula function and confidence intervals were estimated to quantify uncertainties. The methodology was applied to Seoul station with the historical dataset (1909~2015). It was observed that the past droughts considered as extreme hydrological events had from 10 to 50 years of return period. On the other hand, the current on-going drought event started from 2013 showed the significantly higher return period. It is expected that the result of this study may be utilized as the reliable criteria based on the concept of return period for the drought contingency plan.