• 응용통계연구
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• 제21권3호
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• pp.485-495
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• 2008

A floating-strike lookback call option gives the holder the right to buy at the lowest price of the underlying asset. Similarly, a floating-strike lookback put option gives the holder the right to sell at the highest price. This paper will present explicit pricing formulas for these floating-strike lookback options with flexible monitoring periods. The monitoring periods of these options start at an arbitrary date and end at another arbitrary date before maturity. Sections 3 and 4 assume that the underlying assets pay no dividends. In contrast, Section 5 will derive explicit pricing formulas for these options when their underlying asset pays dividends continuously at a rate proportional to its price.

• 국제학술발표논문집
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• The 4th International Conference on Construction Engineering and Project Management Organized by the University of New South Wales
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• pp.201-208
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• 2011

Today's highly competitive construction scenario forces all the major players in the field to take up multiple projects which have put an undue pressure on the resources available within the organization. Under such a situation, there are many instances where in the resource requirement exceeds its availability due to multiple activities (with same resource requirement) which are scheduled to start simultaneously and thus results in the constrained resource becoming a bottleneck of the project. As a consequence of sharing resources, this paper studies the impact on the completion date of two similar projects under two different conditions, the first one resulting in a postponed end date and the second without any postponement. The resource utilization, the possibility of substitution of a resource and its subsequent impact on the deadline of the project is analyzed under these two circumstances. The study is done on a Critical Chain Project Management (CCPM) platform instead of leaving the schedule with a traditional Critical Path Method (CPM) finish, which gives an added advantage of validating the robustness of the emerging CCPM trend in the field of resource management.

• 한국농림기상학회지
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• 제6권3호
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• pp.177-182
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• 2004

기온의 공간변이가 심한 넓은 지역에서 Chill Unit 축적량과 휴면해제일의 공간분포를 얻기 위해서 Utah Chill Unit 모형을 지리정보시스템과 결합하여 Chill Unit 공간적산기(CUMAP)을 개발하였다. CUMAP은 Grid 형태의 일 최고, 최저기온을 입력받아 시간내삽법에 의해 매시기온을 추정하고, Utah 모형에 의해 매시 Chill Unit을 계산한다. 하루 단위로 Chill Unit이 누적되면 Grid파일로 저장되며, 사용자가 정하는 저온요구량(임계값)에 도달하는 날짜를 역시 Grid파일로 생성한다. 전라북도 김제시 백구면 일대 포도재배지역에 대해 CUMAP을 적용하여 10m 해상도의 Chill Unit 일별 적산값과 휴면해제일 추정분포도를 작성하였다.

• 산업공학
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• 제4권1호
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• pp.47-61
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• 1991

This paper develops MRP system with two-types of lead time(average lead time and emergent lead time). In this proposed MRP system, Material Requirement Planning is scheduled by using average lead time, but the emergent lead time is used only when start date of planned order is past. Btrieve data management technique and Stack structure are used for recalculating procedure of planned order with the TURBO PASCAL Version 5.5. An example is also considered.

• 한국환경농학회지
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• 제34권3호
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• pp.192-195
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• 2015

BACKGROUND: The growing season (GS) has been understood as a useful indicator for climate change due to high relationship with increasing temperature. Hear this study was conducted to examine changes in the thermal GS over South Korea from 1970 to 2013 based on daily mean air temperature for assessing the temporal and spatial variability in GS. METHODS AND RESULTS: Three GS parameters (starting date, ending date, and length) were determined at 19 stations throughout South Korea. The results show that the GS has been extended by 4.2 days/decade between 1970 and 2013 on average. The growing season start (GSS) has been advanced by 2.7 days/decade and the growing season end (GSE) has been delayed by 1.4 day/decade. Spatial variation in the GS parameters in Korea are shown. The GS parameters, especially GSS, of southeastern part of Korea have been changed more than that of northwestern part of Korea. The extension of GS may be more influenced on earlier onset in spring rather than later GSE. CONCLUSION: Under climate change scenarios, the GS will be more extended due to delayed GSE as well as advanced GSS. And These are more notable in the northeastern part of Korea.

• 한국중재학회지:중재연구
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• 제27권2호
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• pp.37-57
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• 2017

On 9 March 2017, a Tribunal constituted under the ICSID Convention issued its ruling in the case of Ansung Housing v. People's Republic of China, dismissing with prejudice all claims made by the Claimant, Ansung Housing Co., Ltd., in its Request for Arbitration, pursuant to ICSID Arbitration Rule 41(5). Ansung Housing v. PRC has drawn attention since it is the first case where an investor with Korean nationality initiated an ICSID arbitration on the basis of the Korea-China Bilateral Investment Treaty (BIT) as amended in 2007 between the Republic of Korea and the People's Republic of China. The Tribunal finds that its ruling is about a lack of jurisdiction of the ICSID and of its own competence as well as regarding manifest lack of legal merit due to a lack of temporal jurisdiction, since a Respondent's Rule 41(5) objection is concerned with the three-year limitation period in Article 9(7) of the Korea-China BIT. The Tribunal held that, under Article 9(7) of the Korea-China BIT, the limitation period begins with an investor's first knowledge of the fact that it has incurred loss or damage, not with the date on which it gains knowledge of the quantum of that loss or damage. Finally, the Tribunal held that Ansung submitted its dispute to ICSID and made its claim for purposes of Article 9(3) and (7) of the BIT after more than three years had elapsed from the date on which Ansung first acquired knowledge of loss or damage and that the claim is time-barred and, as such, is manifestly without legal merit. It remains to be seen whether the aggrieved Claimant initiates annulment proceedings before an ad hoc committee under the ICSID Convention. It is quite interesting to see whether the decisions by the Tribunal should be reversed on the basis of the Claimant's arguments as to the start date as well as the end date of the limitation period under the Korea-China BIT.

• 정보관리연구
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• 제29권2호
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• pp.1-17
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• 1998

분산되고 복잡한 정부 및 공공기관의 현행 기업지원체제의 어려움을 해소하기 위하여 창업, 자금, 기술, 입지, 판로, 무역투자 등 기업의 모든 경영활동에 관련된 정보를 체계적이고 종합적으로 구축, 제공하고 기업의 애로 및 민원을 신속히 발굴, 해소하기 위하여 정부 및 관련기관을 인터넷을 통해 상호 연계하는 종합기업서비스정보망의 구축과 이를 효율적으로 운영하기 위한 추진체계에 대하여 기술하였다.

• Nuclear Engineering and Technology
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• 제56권1호
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• pp.141-146
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• 2024

Station blackout (SBO) risk is one of the most significant contributors to nuclear power plant risk. In this paper, the sequence probability formulas derived by the convolution approach are compared with those derived by the conventional event tree/fault tree (ET/FT) approach for the SBO situation in which emergency diesel generators fail to start. The comparison identifies what makes the ET/FT approach more conservative and raises the issue regarding the mission time of a turbine-driven auxiliary feedwater pump (TDP), which suggests a possible modeling improvement in the ET/FT approach. Monte Carlo simulations with up-to-date component reliability data validate the convolution approach. The sequence probability of an alternative alternating current diesel generator (AAC DG) failing to start and the TDP failing to operate owing to battery depletion contributes most to the SBO risk. The probability overestimation of the scenario in which the AAC DG fails to run and the TDP fails to operate owing to battery depletion contributes most to the SBO risk overestimation determined by the ET/FT approach. The modification of the TDP mission time renders the sequence probabilities determined by the ET/FT approach more consistent with those determined by the convolution approach.

• 한방재활의학과학회지
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• 제29권3호
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• pp.87-101
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• 2019

Objectives The purpose of this study is to investigate characteristics of low back pain patients and trends of Korean medicine conservative treatment effects of low back pain patients by registry data. Methods A total of 78 patients were analyzed, statistical analysis was performed using a generalized linear model. The comparison between groups was performed using independent two samples t-test or Wilcoxon rank sum test according to the distribution of normality. Before and after the treatment effects, ANOVA and Kruskal-Wallis method were used for the comparison, Sheffe method was used for the post test. Results The average age of hospitalized patients was 31.8 years old and out-patient department (OPD) patients was 44.9 years old. Lots of OPD patients and hospitalized patients were classified to 'Lumbago due to Coexist Qu Stagnation and Bloos Stasis'. Both OPD patients and hospitalized patients classified to 'Lumbago due to Coexist Qu Stagnation and Bloos Stasis' showed statistically significant decrease in RMDQ (Roland-Morris disability questionnaire) and NRS (numeric rating scale) on 1 month and 3 month after clinical research start date. Comparing the treatment effects of Chuna manual therapy, both Chuna group and non-Chuna group showed statistically significant decrease in RMDQ and NRS on discharge date, 1 month and 3 month after clinical research start date. Conclusions We expect that a larger scale registry study will be carried out to provide a higher level of basis for the Korean medical treatment of low back pain.

• Journal of Microbiology and Biotechnology
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• 제13권4호
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• pp.584-590
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• 2003

The xylA gene of Bacillus stearothermophilus No. 236 encoding ${\beta}-xylosidase$, a major xylanolytic enzyme, was previously cloned and sequenced by the present authors. Sequence analysis indicated that translation of the xylA gene was initiated from the noncanonical initiation codon UUG, confirmed by analyzing three different amber (UAG) mutants of the xylA gene. In the present study, the UUG initiation codon was mutated into AUG or GUG, and the effects of the mutations on the XylA synthesis were examined. The AUG initiation codon was found to direct the highest level of ${\beta}-xylosidase$ synthesis; three-fold and fourteen-fold more enzyme activity than the UUG codon in E. coli and B. subtilis cells, respectively. Surprisingly, contrary to other systems reported to date, the UUG start codon was found next to AUG in the relative order of translational efficiency in both organisms. In addition, a greater abundance of the xylA mRNA was detected with the AUG start codon in both of these host cells than with GUG or UUG. Northern blot and Toeprint assays revealed that this was due to enhanced stability of mRNA with the AUG initiation codon. As expected, the ${\beta}-xylosidase$ protein level in the bacterial cells containing mRNA with the AUC start codon was also much higher than the levels with the other two different mRNAs.