• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.12 no.4
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• pp.15-24
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• 2017

The major goal of this paper falls on developing new rational valuation model, to help companies and investors in the early stage of growth as to preparing and negotiating valuation of investment, by applying new reasonable discount indexes of calculating Discount Cash Flow in valuation of the start-up which has been recognized the critical fatal flaws of DCF with them. There are three specific studies done in this paper. First, this paper found the solid and viable bases of rational discount indexes as to applying DCF in valuing companies in the early growth stage with reviewing the previous studies including Berkus method, Scorecard Method, and Risk factor Summation method classified the most effective tools of valuing pre-revenue generating companies. Second, this paper quoted and analyzed the previous models and studies, so called, 'DCF-Prime' of applying DCF method as to value companies in the early growth stage by taking all risk factors innate to the companies in the early growth stage as the discount rate Beta coefficient. Third, this paper propose more viable and solid valuation models, so called, 'DCF-Plus'of combing all validated valuation factors in Berkus, Scorecard, and Risk Factor Summation methods into applying separate discount bracket after DCF Valuation over the companies in the early growth stage instead of taking them as the factors of discount rate, beta coefficient, like the previous model of DCF-Prime. DCF-Plus mainly developed in this paper will not only provide more rational valuation bases as to investment negotiation between companies and investors in the early growth stage, but also providing more accountable guidelines to companies in the early growth as to prepare investment raising and accelerating their company's value by themselves.

• Journal of Korea Water Resources Association
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• v.49 no.6
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• pp.495-507
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• 2016

This study aims at hydrologically demonstrating the universality of power law distribution by analyzing runoff aggregation structures of river basins. Power law distribution is fitted to cumulative drainage area of basins of interest by maximum likelihood, which results in the power law exponents. And then those exponents are assessed in terms of the shape of catchment plan-form. As a main result all of the basins in this study have similar distributions of catchment area. The exponents from this study tend to be higher than the ones from previous researches reflecting self-similar property of the catchment plan-forms of interest. Further study is required about the universality of power law distribution by means of the more realistic flow routing scheme within the framework of DEM.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.6 no.8
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• pp.1161-1168
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• 2002

In this paper, the throughput performance of an ARQ scheme is analyzed with noisy feedback channel, in order to exactly analysis for performance of an ARQ scheme. An ARQ mechanism is presented by state diagram, and the throughput of an ARQ scheme is mathematically derived using generation function for a signal flow graph. The channel is modeled by the Nakagami-m fading channel which is distributed over far and wide, and the throughput performance of an ARQ scheme, which is applied in BPSK and BFSK systems, according to feedback gain and fading index m is analyzed through computer simulation. In the results, It is shown conformed that the throughput of an ARQ scheme decreased according to the increase of the noise for feedback channel, but it increased according to the increase of the feedback gain and fading index m. Also, it is shown that the throughput of an ARQ scheme using BPSK system is superior to BFSK system because of the difference of bit error probability between BPSK and BFSK systems.

• Ecology and Resilient Infrastructure
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• v.1 no.1
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• pp.29-38
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• 2014

This study analyzed shear stress and erosion characteristic of a vegetated levee embankment with root fiber quantity, which is an important factor for evaluating the stability of it. The averaged root fiber quantity in a vegetated levee revetment was measured by the sampler manufactured by this research. The Phragmites Japonica Steud which is somewhat dominant species in a vegetated levee embankment was selected as an experimental vegetation. As a result of experiment of each flow regime, the shear stress was increased while root fiber quantity was increased and the erosion rate was exponentially decreased as the root fiber quantity was increased. The erosion rate was exponentially decreased as the shear stress was increased which is shown that the increase of shear stress by root fiber quantity results in the increase of erosion resistance in a vegetated soil. The relationship between shear stress and erosion rate with root fiber quantity were analyzed and their regression equations were suggested with high determination coefficients. The hydraulic stability is governed by the increase of shear stress by root fiber quantity and the Froude number of flow characteristic in a vegetated levee revetment.

• Korean Journal of Food Science and Technology
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• v.22 no.6
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• pp.646-650
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• 1990

To develop a new form of spice material by concentration of garlic juice, its rheological properties were investigated. In the temperature range of $15\;to\;65^{\circ}C$, the garlic juice with the solid content of $32\;to\;60^{\circ}Brix$ was considered as a pseudoplastic fluid. Flow and consistency indices of the juice interpreted by power-law equation varied from $0.9937\;to\;0.6130\;and\;0.0041\;to\;3.1886Pa{\;s^n$, respectively. Apparent viscosity was lineally decreased as shear rate was increased. Activation energy for the flow of the garlic juice changed in the range of 11,216 to 23,195 kJ/kg mol.

• Journal of the Korea Institute of Building Construction
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• v.13 no.2
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• pp.193-201
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• 2013

Recently there has been insignificant growth in the Korean construction management (CM) market, in comparison to the previous year. However, despite stagnation or even decreasing growth trends, the number of domestic companies participating in the CM market has increased rapidly. As follows, market movements of CM despite trending in stagnant growth or decrease, the market has been increasing firms which entry the market. The reasons for such dynamic change must be examined first, in order to facilitate analysis of its competitive structure. This study aims to examine the market competition structure and analyze the reason for proliferation of companies in the sick CM market. This study employs market concentration ratio and DEA-based Malmquist productivity indices to analyze the competitive structure of the CM market. Results reveal that the CM market has been monopolized by a few companies, but this is gradually changing. In addition, these companies were not productive, but there has been a gradual increase in the productivity index. Therefore, this study, which provides the direction index of the CM market, has implications for all major stakeholders in this market.

• Journal of Korea Water Resources Association
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• v.38 no.7 s.156
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• pp.585-593
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• 2005

Recent concerns regarding protecting, identifying, isolating, redundant routing and dewatering of subsystems of water distribution networks have led to the realization of the importance of valves in these systems. Valves serve two purposes namely, flow and pressure control and isolating subsystems due to breakage or contaminant containment. In this paper, valves are considered from the point of view of subsystem isolation. When a water main is required to be closed, it may be in general necessary to close several other pipes in addition to the broken pipe itself depending on the distribution of adjacent valves. This set of pipes is defined as a segment. In this paper a segment analysis for isolating pipes is present and based on the segment analysis, we suggested the Valve Importance Index and the 7 performance indicators to evaluate the system performance. The suggested methodology is applied to a real network to verify the applicability of the methodology.

• Journal of Korea Water Resources Association
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• v.39 no.11 s.172
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• pp.947-960
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• 2006

This study shows the application of sustainable water resource planning procedure developed in the previous paper. Its goal is to prevent the streamflow depletion in upstream watershed of the Anyangcheon which is a typical urban stream. The pressure-state-response model which is the framework to reflect the sustainability was applied. The composite programming which is the multilevel multicriteria decision making technique is also used in the calculation of state and evaluation index. The feasible alternatives were proposed and hydrologically analyzed by SWAT(Soil and Water Assessment Tool) and the priority ranking of alternatives were proposed based on the results of SWAT.

• Proceedings of the Korea Water Resources Association Conference
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• 2018.05a
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• pp.25-25
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• 2018

본 연구는 충주댐을 대상으로 기후변화에 따른 미래 댐운영에 미치는 영향을 평가하기 위하여 연구 목적에 접합한 GCM 및 상세화 기법 선정을 위한 절차를 적용함으로써 사용자 중심의 기후변화 시나리오 상세화 자료가 유입량의 재현성 평가에 미치는 영향을 분석하였다. 우선 편이보정 전의 29개 원시 GCM에 대한 강수량 및 기온의 순단위 시 공간적 재현성 평가를 통해서 상위 16개 GCM을 선정하였다. 이후 상세화 기법을 선정하기 위해서 유입량 전망에 중요하다고 판단되는 총강수량(prcptot) 및 일최대강수량 (rx1day)을 기후지수(Climate Indices)로 선정하였다. 상세화 기법은 과거기간의 재현성이 평가, 미래기간 시그널 왜곡도 평가, 공간상관성에 대한 재현성 평가를 통해 SQM 기법을 선정하였다. 제한적인 기후변화 전망 자료를 고려하여 과거 30년 기간에 대한 모의결과 월단위 모형효율지수(ME) 및 결정계수 ($R^2$)는 모두 0.92로 만족할 만한 결과를 보여 주었다. GCM 선정에 따른 오차는 원시 GCM을 통해 선정된 16개 GCM을 사용한 경우 유입량 재현성 평가에 있어 가장 좋은 결과를 보였다. 전체적으로 상세화 자료를 유역 모델링에 활용하는 경우 GCM의 선정보다는 상세화 기법의 선정이 전체적인 재현성 평가에 있어서 중요한 것으로 나타났다. 미래기간에 대한 평균 유입량 전망은 모든 RCP 시나리오에서 근 미래 보다는 중간 및 먼 미래 기간 동안에 유입량이 증가하는 경향을 보였다. 또한 모든 미래 기간에 대해여 RCP 8.5 시나리오가 RCP 4.5 시나리오와 비교하여 유입량의 증가가 높을 것으로 전망되었다. 홍수 관리측면에서 중요한 일 최대 유입량의 미래 변동은 평균 유입량과 비교하여 최대 두 배 이상의 높은 변화율을 보였다. 댐운영 측면에서는 연간 총 유입량의 변화보다 시기별 유입량의 변동 특성을 이해하는 것이 중요하며, 평균 유입량 및 일단위 최대 유입량 모두 근 미래 기간에 대해서는 RCP 시나리오 모두 7월 및 8월을 중심으로 유입량이 증가하는 경향을 보였다. 반면 중간 미래에서 먼 미래로 갈수록 평균 및 일단위 최대 유입량 모두 전체 기간에 걸쳐 증가하는 경향을 보였다.

• 재활복지
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• v.21 no.1
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• pp.1-26
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• 2017

The main purpose of this paper is identifying the trends of researches in the realm of social welfare for disabled people. It tries to introduce an alternative analytic approach - key word network analysis - that might surpass the shortage of analysis methods of existing studies which have mainly relied on descriptive analysis. For this purpose the authors constructed a database composed of key words and informations about research methods of the data sources of this study. The sources are such researches as doctoral theses and the papers of Korean Journal of Social Welfare and Journal of Rehabilitation Research which were published during the 20 years from 1996 to 2015. Total numbers of the thesis or papers analysed at this study are 1,034. The results are shown in three ways as follows: First, the method trends of selected researches. Second the lists of interested types and population groups of the disabled persons and interested issues. Third, the intellectual structure of the research. Based on the findings of this study, some suggestions are given considering desirable directions of future researches in relation to perspectives, methods, targets and subjects of them.