• Journal of Energy Engineering
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• v.11 no.3
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• pp.210-215
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• 2002

In respect of global environment protection and efficient utilization of energy, co-generation systems, which have greatly higher efficiency than the other generations, have been developed and put to practical use. Assuming that the co-generation system would be operating in Park Hotel, this paper calculates the difference between the heat and electricity rates by the conventional method and the co-generation system, considers the cost of new investment and analyzes introduction economics based on the return on investment. The introduction is turned out to be recommendable, since the return of investment for co-gen oration equipment is about ten years when the co-generation profits in heat and electricity rate. Additionally, accounting for interest rate drop, improvement of environmental matters or electricity rate increase, it is shown to be even more economical.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.16 no.4
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• pp.92-100
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• 2002

In respect of global environment protection and efficient utilization of energy, co-generation systems, which have greatly higher efficiency than the other generations, have been developed and put to practical use. Assuming that the co-generation system would be operating in H-Department of Kwang-ju city, this paper calculates the difference between the heat and electricity rates by the conventional method and the co-generation system considers the cost of new investment and analyzes introduction economics based on the return on investment. The introduction is turned out to be recommendable, since the return of investment for co-generation equipment is about five years when the co-generation profits in heat and electricity rate. Additionally, accounting for interest rate drop, improvement of environmental matters or electricity rate increase, it is shown to be even more economical.

• Environmental and Resource Economics Review
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• v.20 no.3
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• pp.459-487
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• 2011

A/R CDM project has properties such as irreversibility and uncertainty that Real Option Analysis can be applied to its modelling. This study tries to model A/R CDM using Real Option under CER price uncertainty, and conducts empirical test with the Posco A/R CDM Project case. For precise comparison and decision-making, l-CER's expected present value is calculated from the Spot CER price. As a result, the critical value of the project is lower than the expected l-CER price, which means that the decision to invest made by the project owner is profitable. We can also find out that the level and the range of the discount rate, where is applied to, affect the result; the critical value of the project and the decision-making.

• The Science & Technology
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• v.30 no.5 s.336
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• pp.81-82
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• 1997

지난 26년동안 자성재료 연구에만 몰두해 온 인하대 공대 무기재료공학과 오재희교수. 오교수는 구리의 첨가량에 따른 미세구조, 전기비저항, 유전율, 투자율, 포화자속밀도, 자기변태가 일어나는 퀴리온도, 주파수의존성 등의 특성 변화를 검토하고 이를 체계화해 저온 소결형 페라이트 제조를 위한 기틀을 마련해 평가를 받고 있다.

• International Area Studies Review
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• v.21 no.1
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• pp.25-57
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• 2017

In this study, we analyzed the information asymmetry and the agency problem in major affiliated companies on the basis of the R&D investment. As a result of comparing how the R&D investment effects on major affiliated companies and the independent companies, even the achievement of R&D investment effects in a positive way to the firm value, the positive effect appears much lower on major affiliated companies comparing independent companies. In order to analyze the case, we investigated in a separate way according to the shareholding ratio and the affiliated market using the sample of the independent company and the group affiliated company. As a result of such analysis, the cause of this comes from the agency problem in major affiliated company, not the asymmetry information of affiliated company. After we analyzed the sample of the research depending on the affiliation market, we could observe there is a little impact of the asymmetry information in the outcome of the R&D investment of the major affiliated companies. In contrast, the companies which rated lower in the ratio of the shareholding appears much less in the positive effect of R&D investment compared to the companies which rated at a higher level. This phenomenon was also consistently observed when changing the research method or further subdividing the sample of companies belonging to the group based on the ownership share of major shareholders.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.12 no.3
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• pp.89-98
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• 1998

Some analytic results for a solenoid eddy current coil to test nondestructive conducting materials are described in this paper. Normalized impedance of solenoid coil encircling cylindrical conducting tubes or tow-conductor rods is analyzed. Electrical and magnetic properties such as conductivity, permeability and exciting frequency as well as the geometric ones of fill factor or radius ratio of the conductor are also considered. Impedance characteristics of the models obtained by numerical analysis are examined. Validation of the model is carried out using several samples of non-ferromagnetic conducting tubes and 2-conductor rods.

• Proceedings of the Korean Nuclear Society Conference
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• 1997.05b
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• pp.250-255
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• 1997

중수로형(PHWR) 원자력발전소는 감속재와 냉각재로 중수를 사용하고 있어 방사성 수소동위원소인 삼중수소 생성량이 경수로에 비해 크며 계통내 삼중수소 축적량은 운전년수에 따라 증가하게 된다. 중수로형 원전에서 삼중수소 저감화를 위한 장기 대책으로 Tritium Removal Facility를 적용하는 경우, 우선적으로 괴려하여야 할 사항은 적절한 TRF의 용량을 결정하는 것이다. 이는 초기 시설 투자비뿐만 아니라 설비 및 운전의 신뢰도와 이용율에도 영향을 미치므로 연속운전이 가능하도록 용량을 결정하는 것이 중요하다. 이를 위해 감속재를 대상으로 삼중수소 농도 목표치, 삼중수소 농도 목표치 도달기간, 탈 삼중수소율, TRF 적용시점이 TRF 처리량과 촉매탑 높이에 미치는 영향을 분석하였다. 삼중수소 농도 목표치는 5~15Ci/kg, 도달기간은 3~8년, 탈 삼중수소율은 0.05~0.4, TRF 적용시점은 가동 후 10~20년이 적절한 것으로 확인되었다.

• Journal of the Korean Magnetics Society
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• v.14 no.1
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• pp.7-12
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• 2004

The annealing-temperature dependence of magnetic properties in compressed powder cores being composed of ball-milled F $e_{73.5}$C $u_1$N $b_3$S $i_{15.5}$ $B_{7}$ alloy powders (size 250∼850${\mu}{\textrm}{m}$) and 5 wt% of ceramic insulators has been investigated. When annealed at 5$50^{\circ}C$ for 1 h and so transformed to $\alpha$-Fe phase nanocrystalline structure with the grain size of 11 nm (electrical resistivity : 110 $\mu$Ω$.$cm), the highest effective permeability of 125 and quality factor of 53 were obtained, and the permeability persisted up to about 500 KHz. Further the core loss measured at the frequency of 50 KHz and the induction amplitude of 0.1 T was very low (230 mW/㎤). However the dc bias characteristics was not satisfactory as compared to that of conventional powder core materials(MPP, Sendust etc.). The inferior dc bias property of F $e_{73.5}$C $u_1$N $b_3$S $i_{15.5}$ $B_{7}$ alloy powder cores was attributed to the fact that the size of powder was too large for obtaining the same permeability with that of conventional materials.

• The Korean Journal of Financial Management
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• v.8 no.1
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• pp.139-153
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• 1991

This paper examines the pecuniary effects stemming from insider trading in the equities of firms targeted for acquisition. Illegal exchanges by those having advantageous information are found to result in excessive returns to stockholders of the sought firms. However, unusual market activities are not typical immediately subsequent to the illegal trading date, suggesting that nonpublic information is synthesized by market mechanisms with sufficient speed so that others cannot profit by imitating the better informed traders. The obtained evidence does not support the contention that insider trading on nonpublic information harms the outsider stockholders of involved firms.

• The Korean Journal of Financial Management
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• v.15 no.2
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• pp.235-254
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• 1998

본 연구의 목적은 1993년에 미국에서 도입된 변동요율제도(risk-based deposit insurance system)의 도입으로 인한 미국은행들의 위험.이윤추구행동의 변화와 이러한 변화에 대한 주식시장 투자가들의 평가에 대한 실증적분석에 있다. 1989-1995년간 82개 미국 상장은행들을 대상으로 한 분석 결과 변동요율제도의 도입이후에 고(高)위험수준 은행, 즉 비싼 보험료를 부과받게 될 은행들의 위험추구는 저(低)위험수준 은행, 즉 낮은 보험료를 부과받게 될 은행들의 위험추구에 비하여 유의적으로 낮아졌음을 발견하였으며 이러한 결과는 은행산업의 안정을 도모하기 위하여 도입된 변동요율제도의 유효성을 뒷받침하여 주는 결과라고 할 수 있을것이다. 한편 변동요율제도하에서 고(高)위험.고(高)보험료로 인하여 위험추구가 많이 감소된 은행들은 위험추구의 감소로 인한 기대이윤(expected profit)의 감소를 이자율마진의 유리한 조정을 통해 은행고객 즉 예금자와 대출자들에게 집합적으로 전가함으로써 다소 만회할 수 있었다. 그러나 이러한 이자율마진의 유리한 조정은 위험추구의 감소로 인한 기대이윤의 감소를 완전히 상쇄하지는 못하였으며 따라서 주식시장 투자가들의 일반적인 평가는 변동요율제도하에서 위험추구가 많이 감소된 은행 즉 고(高)위험.고(高)보험료 은행의 주가수익율이 저(低)위험 저(低)보험료 은행의 주가수익을 보다 대체로 많이 하락하는 것으로 나타났다.