• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.10
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• pp.47-53
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• 2019

This study examined the effects of risk aversion on the Self-Insurance-cum-Protection activity (SICP) in a two period model, which is in contrast to existing studies that focused on an one period model. The assumption that there is a time difference between making an effort and incurring loss helps examine the effects of risk aversion in the long-term period. An increase in risk aversion always increases the efforts of SICP, whereas existing studies require additional restrictions to both the loss and cost function. Second, an increase in risk aversion always increases the efforts on self-insurance and self-protection. This result is in contrast to that of existing studies in that an increase in risk aversion increases the efforts of self-insurance, whereas the effects on the efforts of self-protection are unclear. Lastly, when there exists a background risk with zero mean and risk aversion increases in a two period model, the prudence condition of the utility function is a sufficient condition to increase the efforts of SICP.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.4
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• pp.433-438
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• 2018

This study examined the effects of ambiguity aversion on the self-protection and self-insurance efforts using a two-period model to consider the time difference between making an effort and occurring loss, which is in contrast with the existing one-period model. The loss follows a binary distribution while the distribution is ambiguous. The distribution depends on the state variable. First, the effort of ambiguity averse individuals is not always greater than that of ambiguity neutral ones. Second, the effects of absolute ambiguity aversion (AAA), which does not appear in one-period model, were observed. Not-increasing AAA is a sufficient condition to increase the efforts of ambiguity averse individuals compared to those of ambiguity neutral ones. In addition, the change in effort also depends on the probability function of the state. Lastly, the results hold even when the individual is risk neutral or risk loving. As a result, ambiguity aversion needs to be considered independently with risk aversion.

• Science of Emotion and Sensibility
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• v.17 no.4
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• pp.101-108
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• 2014

The study of loss aversion has progressed. Specifically, Brenner et al. (2007) distinguished between possession loss aversion (PLA) and valence loss aversion (VLA) and explained PLA is the loss of cash or spot goods (money, apartment) and that VLA is the loss of tentative value (opportunity of oversea study, coupon). Also, they explored how the tendency of loss aversion was different between when possession loss was salience and when valence loss was outstanding. But, in our everyday life, it is more common that people face some economic situation where the gain and loss between possession and valence are competing. And, in this situation, they usually choose a better option based on their ordinary mind-set or self-focus rather than on which option has more benefit. Therefore, present research is that whether the tendency of loss aversion is different based on one's ordinary self-focus. Concretely, after priming promotion focus vs. prevention focus, participants should decide whether present occupation changes or not when gain and loss between possession and valence compete (income increase but oversea study chance decrease or income decrease but oversea study chance increase). As a result, there are more rate of changing job in promotion focusing condition than prevention focusing condition based on positive change irrespective of possession or valence. This result can have implication for marketing, consumer and advertisement psychology.

• Proceedings of the KIEE Conference
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• 2006.07a
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• pp.335-336
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• 2006

최근 보급률이 급격하게 증가하고 있는 소형열병합발전(CHP)의 도입에 대한 전력회사(Utility)의 영향을 분석하기 위해서는 편익과 손실을 함께 고려해야 하는데 CHP의 도입에 대한 편익을 분석하기 위하여 사용되는 회피비용은 크게 에너지회피비용, 설비건설 회피비용, 손실회피비용 그리고 환경회피비용으로 구분된다. 그리고 기존의 전력회사 Utility의 측면에서 CHP 도입으로 인한 전력판매 수입의 감소나 시장점유율 축소도 함께 분석을 해야 한다. 이에 본 논문에서는 CHP보급으로 인한 편익 중 에너지회피비용(Energy Avoided Cost)을 산정하기 위한 효율적인 방안을 제시하고자 한다.

• Journal of KIISE:Information Networking
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• v.33 no.1
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• pp.49-58
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• 2006

When the movement of a node breaks the route in ad-hoc network, on-demand routing protocol performs the local route recovery or a new route search for the route maintenance. And when it performs the new route search or the local search, the packet which is transmitted can be delayed. There are ARMP and RPAODV as the methods reducing the delay resulted from the route-breakage. They predict the route-breakage and construct an alterative local route before the occurrence of the route-breakage. When the link state is unstable, the success rate of the alternative local route that can avoid the route-breakage can give a direct effect on the route-breakage and the transmission delay, To estimate the performance of routing protocols avoiding route-breakage, we suggest the numerical formulas of AODV, the representative on-demand routing protocol, and ARMP, RPAODV. To verify the efficiency and accuracy of the proposed numerical formulas, we analysis and compare with the results of the computer simulation and that of the numerical formulas.

• Proceedings of the KAIS Fall Conference
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• 2009.12a
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• pp.1006-1009
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• 2009

매년 운전자의 운전미숙과 돌발 상황으로 인한 자동차사고로 인해 수만 명의 사망자와 부상자가 나오고 있으며 이로 인한 경제적 손실도 막대하다. 현재 충돌사고를 방지하기 위해 레이더나 초음파센서와 같은 통신기기를 활용한 충돌회피시스템이 개발되고 있는 상황으로 충돌회피를 위해서는 센서부도 중요한 역할을 하지만 충돌회피 알고리즘 개발이 무엇보다 중요하다. 본 논문에서는 두 개의 초음파 센서를 이용하여 전방에 있는 장애물을 회피할 수 있는 시스템을 구축하였다. 자동차가 자율적인 판단에 따라 충돌 없이 이동할 수 있는 능력을 갖게 하기 위하여 초음파센서와 광센서를 이용하였으며, 라인트레이서와 같이 라인을 따라 자동차가 이동하는 도중 장애물을 감지하였을 경우 장애물을 회피할 수 있는 알고리즘을 이용하여 개발하였다. 그리고 주행 시험을 통해 장애물 회피에 관한 테스트를 수행하였다.

• Proceedings of the KAIS Fall Conference
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• 2009.12a
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• pp.703-706
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• 2009

매년 운전자의 운전미숙과 돌발 상황으로 인한 자동차사고로 인해 수만 명의 사망자와 부상자가 나오고 있으며 이로 인한 경제적 손실도 막대하다. 현재 충돌사고를 방지하기 위해 레이더나 초음파센서와 같은 통신기기를 활용한 충돌회피시스템이 개발되고 있는 상황으로 충돌회피를 위해서는 센서부도 중요한 역할을 하지만 충돌회피 알고리즘 개발이 무엇보다 중요하다. 본 논문에서는 두 개의 초음파 센서를 이용하여 전방에 있는 장애물을 회피할 수 있는 시스템을 구축하였다. 자동차가 자율적인 판단에 따라 충돌 없이 이동할 수 있는 능력을 갖게 하기 위하여 초음파센서와 광센서를 이용하였으며, 라인트레이서와 같이 라인을 따라 자동차가 이동하는 도중 장애물을 감지하였을 경우 장애물을 회피할 수 있는 알고리즘을 이용하여 개발하였다. 그리고 주행 시험을 통해 장애물 회피에 관한 테스트를 수행하였다.

• Journal of Navigation and Port Research
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• v.31 no.10
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• pp.819-824
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• 2007

This paper studied safety benefit of operation-effectiveness analysis on marine traffic safety facilities. In the operation-effectiveness of marine traffic safety facilities the benefits can be divided as safety benefit, transport benefit, and other benefit. Safety benefit was produced as the loss aversion cost of marine traffic caused by the reduction of marine accidents after establishing and operating marine traffic safety facilities. First of all the reduction rate marine accidents was estimated to do it, and the detail model of loss aversion cost was constructed Then each variable in the model was defined and the method of computation presented.

• Proceedings of the Korean Society of Computer Information Conference
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• 2012.01a
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• pp.49-50
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• 2012

본 논문에서는 다수의 소형 무인 항공기(UAV) 그룹이 이동 중 장애물을 만났을 때 장애물과의 충돌을 방지하는 효율적인 장애물 회피 정책을 제안한다. 이 정책은 무선 에드혹(moblie ad hoc) 네트워크를 기반으로 단순히 UAV 간의 충돌 회피 뿐만이 아니라 UAV 그룹이 이동하는 도중 장애물을 발견 하였을 경우 장애물을 효율적으로 회피하는 방법과 연결성이 손실되는 경우에 대처하는 방안도 고려하였다. 제안하는 정책은 UAV가 장애물을 포착 하였을 때 현재 이동 속도를 유지한 채 장애물을 기준으로 UAV 그룹을 2개의 그룹으로 분리하여 장애물을 회피 한 후 일정한 지점에서 모여 다시 각 UAV간의 연결성을 유지한 채 목표물을 향해 이동하는 정책을 제안한다.

• Journal of Korea Port Economic Association
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• v.40 no.1
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• pp.151-163
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• 2024

This study sought to confirm the impact of analytical methods and behavioral economic theory factors on decision-making when making chartering decisions in the dry bulk shipping market. This study on chartering decision-making model was began to verify why shipping companies do not make rational decision-making and behavior based on analytical methods such as freight prediction and process of alternative selection in the same market situation. To understand the chartering decision-making model, it is necessary to study the impact of behavioral economic theory such as heuristics, loss aversion, and herding behavior on chartering decision-making. Through AHP analysis, the importance of the method factors relied upon in chartering decision-making. The dependence of the top factors in chartering decision-making was in the following order: market factors, heuristics, internal factors, herding behavior, and loss aversion. Market factors, heuristics, and internal factors. As for detailed factors, spot freight index and empirical intuition were confirmed as the most important factors relied on when making decisions. It was confirmed that empirical intuition is more important than internal analysis, which is an analytical method. This study can be said to be meaningful in that it academically researched and proved the bounded rationality of humans, which cannot be fully rational, and sometimes relies on experience or psychological tendencies, by applying it to the chartering decision-making model in the dry bulk shipping market. It also suggests that in the dry bulk shipping market, which is uncertain and has a high risk of loss due to decision-making, the experience and insight of decision makers have a very important impact on the performance and business profits of the operation part of shipping companies. Even though chartering are a decision-making field that requires judgment and intuition based on heuristics, decision-makers need to be aware of this decision-making model in order to reduce repeated mistakes of deciding contrary to market situation. It also suggests that there is a need to internally research analytical methods and procedures that can complement heuristics such as empirical intuition.