• The Korean Journal of Financial Management
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• v.25 no.1
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• pp.85-108
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• 2008

In this paper, the fBm interest rate theory is investigated by using Wick integral. The well-known Affine, Quadratic and HJM are derived from fBm framework, respectively. We obtain new theoretical results, and zero coupon bond pricing formula from newly obtained probability measure.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2008.10a
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• pp.262-262
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• 2008

• Journal of Korean Society for Geospatial Information Science
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• v.16 no.4
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• pp.79-87
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• 2008

There has been a strong demand for low altitude UAV development in rapid mapping not only to acquire high resolution image with much more low cost and weather independent, compared to satellite surveying or traditional aerial surveying, but also to meet many needs of the aerial photogrammetry. Especially, efficient geocoding of UAV imagery is the key issue. Contrary to high UAV potential for civilian applications, the technology development in photogrammetry for example direct georeferencing is in the early stage and it requires further research and additional technical development. In this study, two approaches are supposed for automatic geocoding of UAV still images by simple affine transformation and block adjustment of affine transformation using minimal ground control points and also evaluated the applicability and quality of geometric model compared to geocoded images generated by commercial S/W.

• The Korean Journal of Applied Statistics
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• v.24 no.1
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• pp.83-92
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• 2011

This paper examines empirically Durham's (2008) asset pricing models to the KOSPI200 index. This model Incorporates the VKOSPI index as a proxy for 1 month integrated volatility. This approach uses option prices to back out implied volatility states with an explicitly speci ed risk-neutral measure and risk premia estimated from the data. The application uses daily observations of the KOSPI200 and VKOSPI indices from January 2, 2003 to September 24, 2010. The empirical results show that non-affine model perform better than affine model.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.6D
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• pp.1025-1032
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• 2006

Sensor modeling of high-resolution satellites is a prerequisite procedure for mapping and GIS applications. Sensor models, describing the geometric relationship between scene and object, are divided into two main categories, which are rigorous and approximate sensor models. A rigorous model is based on the actual geometry of the image formation process, involving internal and external characteristics of the implemented sensor. However, approximate models require neither a comprehensive understanding of imaging geometry nor the internal and external characteristics of the imaging sensor, which has gathered a great interest within photogrammetric communities. This paper described a comparison between rigorous and various approximate sensor models that have been used to determine three-dimensional positions, and proposed the appropriate sensor model in terms of the satellite imagery usage. Through the case study of using IKONOS satellite scenes, rigorous and approximate sensor models have been compared and evaluated for the positional accuracy in terms of acquirable number of ground controls. Bias compensated RFM(Rational Function Model) turned out to be the best among compared approximate sensor models, both modified parallel projection and parallel-perspective model were able to be modelled with a small number of controls. Also affine transformation, one of the approximate sensor models, can be used to determine the planimetric position of high-resolution satellites and perform image registration between scenes.

• Korean Management Science Review
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• v.11 no.3
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• pp.47-54
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• 1994

본 연구에서는 선형계획법 프로그램을 실무용과 교육용 모두 사용할 수 있는 사용자 편의성이 강조된 선형계획법 통합환경 프로그램인 LIPED를 개발하였다. LIPED는 첫째, 풀다운(Pull Down) 메뉴 방식의 선형계획법 통합환경, 둘째, 선형계획법의 교육을 위해 여러가지 선형계획법해법 들을 통합하여 구축하였다. 셋째, 실무용으로 사용할 수 있는 안정적이고 효율적인 선형계획법 프로그램을 제공한다. 마지막으로 실험용 선형계획법 문제를 생성할 수 있는 기능과 다양한 선형계획법 입력 방식과 각 방식이 호환되도록 구축하였다. 그리고 추후연구로 교육용 LP에 Affine Scaling Algorithm, Barrier Algorithm을 추가하고, UNIX System 또는 Windows 환경하에서 통합 프로그램의 개발 및 수식 형태의 입력방식과 스프레드쉬트(Spreadsheet) 형식의 입력방식 등의 다양한 입력방식의 지원과 전문가의 지식을 연결하여 해법 선택 및 모형 구축 등을 지원할 수 있는 지능형 선형계획법 지원시스템을 구축하고 있다.

• KDI Journal of Economic Policy
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• v.36 no.2
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• pp.65-101
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• 2014

This paper estimates and characterizes expected inflations using an affine term structure model based on the empirical stochastic process of the interest rates in Korea. The empirical results show that the expected inflation which marked above 4% before the global financial crisis has dampened and stabilized after the crisis. Moreover, we investigate the rationality of the various expected inflation measures in terms of the unbiasedness and efficiency and find that unbiasedness is not rejected across the all measures, while the efficiency cannot be empirically warranted. Besides, we run Granger causality tests and conclude that the expected inflations compiled from the Consensus, BOK-Expert have the cross-causality with the long-run actual inflation, while the expected inflation estimated from the term structure model has the cross-causality with the short-run actual inflation. These results connote that expected inflations collected from different sources and methods have their targets and horizons and the central bank needs to watch all of them with a balanced view instead of preferring one to the other.