• Journal of Korea Society of Industrial Information Systems
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• v.16 no.3
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• pp.121-135
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• 2011

We provide an economic evaluation model to help managers make reasonable decision for the investment in the appropriate type of cloud computing. Cloud computing can be classified into public, private and hybrid architecture and we evaluate their attractiveness using traditional NPV and real option methods. We conduct economic analysis by comparing traditional software delivery model with various types of cloud computing. The work compares each mode of cloud computing against each other using passive NPV and dynamic real-option method. For more objective and conservative evaluation of investment alternatives, we eliminate conventional benefits that are often subjective or hard to measure, and count only the reduction of investment cost and maintenance cost as benefit. We argue that hybrid and public cloud computing can be undervalued without their intrinsic options such as abandonment, expansion and contraction.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.6
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• pp.3013-3022
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• 2013

Satisfying the large car impact condition of the high level SB5-B for "SMART Highway" longitudinal barriers, the possibility of increase of the small car impact velocity from 120km/h to 130km/h was investigated. Through computer simulation using input parameters calibrated to full-scale crash test results, various longitudinal semi-rigid barrier models were improved such that for the small car impact speed of 120km/h the change of longitudinal and transverse velocities of the impact vehicle can satisfy the THIV limit. The barrier model determined through this process satisfied the performance assessment criteria for SB5-B impact conditions. Varying the wing angle of slip block-outs of the passed barrier model, the possibility of increase of the small car impact velocity was investigated by FEA and a full-scale crash test was conducted. It has been shown that the possibility to increase the small car impact speed to 130km/h is high if the test facility condition for 130km/h impact velocity is better equipped.

• Environmental and Resource Economics Review
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• v.24 no.4
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• pp.607-627
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• 2015

As observed and experienced in EU ETS, allowance price volatility is one of major concerns in decision making process for $CO_2$ abatement investment. The problem of linearly non-separable profits functions could emerge when one power company holds several power plants with different technology specifications. Under this circumstance, conventional analytical solution for investment option is no longer available, thereby calling for the development of numerical analysis. This paper attempts to develop a Monte-Carlo least squares model to analyze investment options for power companies under emission trading scheme regulations. Stochastic allowance price is considered, and simulation is performed to verify model performance.

• Environmental and Resource Economics Review
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• v.20 no.1
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• pp.61-98
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• 2011

This study conducts economic evaluation of alternatives for $CO_2$ reduction of thermal power plants. Two alternatives in reducing $CO_2$ emission are considered for the evaluation under the RPS(Renewable Portfolio Standard) system; one is to perform renewable energy quotas and another is to construct green thermal power plants using CCS(Carbon Capture and Sequestration). As evaluation methods, DCF(Discount Cash Flow) and ROPM(Real Options Pricing Method) are employed. At a discount rate of 7.5% applied to the Electricity Supply and Demand Plan, it is shown that green thermal power generation has economic dominance under both evaluation methods.

• Environmental and Resource Economics Review
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• v.12 no.2
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• pp.217-244
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• 2003

As energy industry is undergoing a rapid structural changes, economic feasibility analysis based on the conventional discounted cash flow (DCF) method has limitations to incorporate management's flexibilities. We present a real options pricing method (ROPM) which can be applied to an energy sector as an alternative. In order to examine the usefulness of ROPM, this study compares the result of DCF method applied to the investment of cogeneration power plant with that based on the ROPM incorporating the value of real of options inherent in the project. The simulation results show that the value of investment opportunities improves using ROPM compared to that with the conventional DCF methods. Therefore, a specific project which appears to be unprofitable from the conventional point of view could be, actually, an economically feasible one based on ROPM method, when properly incorporating the management's flexibilities inherent in the project.

• Journal of the Institute of Electronics and Information Engineers
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• v.50 no.5
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• pp.144-149
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• 2013

With the increasing of service robots, human-robot interaction for natural communication between user and robots is becoming more and more important. Especially, face recognition is a key issue of HRI. Even though robots mainly use face detection and recognition to provide various services, it is still difficult to guarantee of performance due to insufficient test methods in real service environment. Now, face recognition performance of most robots is evaluation for engine without consideration for robots. In this paper, we show validity of test method using LED monitor through performance comparison of real images with from images LED monitor.

• Journal of the Korean Geotechnical Society
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• v.28 no.6
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• pp.5-17
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• 2012

The moment responses of electric pole foundations for a railway were investigated using real-scale load tests. Large overturning moments were applied to two circular rigid piles with a 0.75 m diameter and a 2.5 m embedded depth; the circular rigid piles were installed in an actual railway embankment fill. Two different loading directions-toward the fill slope and toward the track -were applied to evaluate the influence of the fill slope on the moment capacities of the foundations. It was found that the failure of the foundations that were constructed according to Korean railway practices exhibited a sudden overturning pattern without any significant pre-failure displacement. The moment capacity toward the fill slope was less than the moment capacity toward the track by 30%. From the test results, the geometry factor (K), which accounted for the reduction of the moment capacity, due to the fill slope, was 0.7. Moment capacities determined from the load tests were compared with those predicted from three existing design methods, and their applicability was discussed.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.24 no.8
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• pp.62-69
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• 2010

Many electric poles in the softground have been collapsed due to external load. In this study, 10 types of tests were performed with variation of location, numbers and depths of anchor blocks as well as depth of poles to find horizontal earth pressure through full scale pull-out tests. The horizontal earth pressure increased with embedded depth of electric pole, and earth pressure of lower passive zone decreased. The deeper of anchor block, earth pressure of passive zone becomes less. 4 anchor blocks decreased earth pressure at G.L.-0.9[m]. It is considered that 4 anchor blocks installed along 80[cm] vertically are main reason. Overall, when more anchor blocks are constructed, excavation area is large, and constructivity such as backfill is bad, therefore one anchor block would be preferred.

• Magazine of the Korea Concrete Institute
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• v.8 no.2
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• pp.139-150
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• 1996

The objective of this study is to provide the information on the manufacturing and exper- , ructures. imental techniques of small scale modeling of precast concrete(P.C.) large panel :-t The ad~~pted scale was one-fifth. 4 types of experiments were performed : nlaterial tests for model concrete and model reinforcement, compressive test of horizontal joint, shear test of vertical joint and cyclic static test of 2-story subassemblage structure. Based on the experimental results, the following conclusions are drawn : i 1) Model concrete had in general larger compressive strength than expected. (2) Model reinforcement showed less ductility if the annealing processes were performed without using vaccuum tube. 131 Failure niotles of horizontal and vertical joints were almost same for both prototype and model. But the strength of model appears to be higher than required by similitude law. (41 Hysteretic behavior of 1 /T, scale subassemblage model can be made quite similar to that of prototype if the ductility of model reinforcement and compressive strength of model concrete could be representative of those of prototype.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.652-655
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• 2007

Due to stagnation of domestic market, increasing number of domestic construction companies started to make inroads into foreign market recently. Yet compared to domestic market, there are much more risks in the foreign market which companies may confront. So deliberate and rational decision making skills are required. Accordingly, there has been many researches which analyzed the risk of individual markets and also studies covering decision support models. In this study, we suggest a model concerning financial issues when branching out into a new market, specially in the construction companies' point of view. For this we used a real options game which shows real competition status of a new market and deduced a feature of that market, Upon these results, we also suggest a model which helps firms to decide whether investing in the expansion is smart action or not. The model developed in this study is made in specific circumstances of limited conditions. The future study makes more realistic models considering subjects like disproportion in information and generalization of competing companies.