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Investigation of the Structure of the Strategic Net Present Value and Its Economic Interpretation through the Opportunity Cost Concept (기회비용 개념을 이용한 실물투자 프로젝트의 전략적 순 현재가치의 구성요소와 경제적 해석)

  • Kim, Gyutai;Choi, Sungho
    • Journal of Korean Institute of Industrial Engineers
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    • v.29 no.2
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    • pp.126-134
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    • 2003
  • Among a variety of models proposed by so far to calculate the real options value when the investment decision about the underlying project may be delayed, the Black-Scholes and the binomial lattice models have been widely used and discussed by academics and practitioners. However these two models do not provide us with intuition into how it is constructed and what it does really mean. In this paper, we will therefore explore its components and practically more intuitive meaning. With the components explored, we developed the mathematical model to calculate the real options value and thus strategic net present value, based on the opportunity cost concept, for which the investment decision about the underlying project is postponed by one year. We will finally present a short illustrative example for readers better understanding on the model proposed in the paper.

특정 사례터널 해석 결과 및 평가

  • 이두화
    • Proceedings of the Korean Geotechical Society Conference
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    • 1991.10a
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    • pp.195-215
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    • 1991
  • This report deals with the process of the finite element computation and the design of the particular example tunnel (the double track section tunnel for Line 5, 7, 8 of Seoul Subway). The finite element calculations are performed with the program MISES 3 was developed from Austria which have been used in Eroupe. The principles of mechanic and mathematic analysis for the program MISES 3 are based on "The Finite Element Method -3rd Edition" by O.C zienkiewicz. The calculations are approximate analysis method divide continuum into quadrilateral element and calculate deformation and stress, according to the force equations at the node of the element. On the calculation of under excavation, this is a very convenient method and able to calculate compounded structure with tunnel lining and surrounding materials. Although calculated under the same factor and conditions, the result is not same solution, according to the shape of mesh. Therefore , it is important that we collect the construction results of NATM on the spot and by comparing the results of the finite element method with the surveying results review the validity of analysis model.sis model.

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Behaviors of the Spacers on the Galloping of Power Transmission Lines

  • Kim, Hwan-Seong;Nguyen, Tuong-Long;Byun, Gi-Sig
    • 제어로봇시스템학회:학술대회논문집
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    • 2003.10a
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    • pp.128-133
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    • 2003
  • In this paper, we have proposed a method by using virtual simulation to calculate the behaviors of spacers to avoid conductor galloping with the hanging composite polymer spacer between conductors on different phases. We have considered with three types of modeling considerations for the analysis of galloping in power transmission lines, such as iced-single conductors without spacer, iced-single conductors with spacers, and iced-two bundle conductors with spacers. In simulation, the finite element method is used to calculate the structural response with geometric nonlinear behavior. The iced conductor is modeled by two beam-element faces with which it is connected. The ANSYS program is applied too. First, the calculation results show that the two beam-element model is very suitable to make a virtual simulation. Second, the amplitude of conductor galloping is reduced after hanged spacers. Third, when number of spacer is increased, the maximum magnitude of natural frequency of iced conductor will reduce. Final, the behaviors of spacers are verified in viewpoint of standard cases.

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Crack width control of precast deck loop joints for continuous steel-concrete composite girder bridges

  • Shim, Changsu;Lee, Chidong
    • Advances in concrete construction
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    • v.10 no.1
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    • pp.21-34
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    • 2020
  • Precast deck joints have larger crack width than cast-in-place concrete decks. The initial crack typically occurs at the maximum moment but cracks on precast joints are significant and lead to failure of the deck. The present crack equation is applied to cast-in-place decks, and requires correction to calculate the crack width of precast deck joints. This research aims to study the crack width correction equation of precast decks by performing static tests using high strength and normal strength concrete. Based on experimental results, the bending strength of the structural connections of the current precast deck is satisfied. However it is not suitable to calculate and control the crack width of precast loop connections using the current design equation. A crack width calculation equation is proposed for crack control of precast deck loop joints. Also included in this paper are recommendations to improve the crack control of loop connections.

A Minimalist Model of Single Molecule Spectroscopy in a Dynamic Environment Studied by Metadynamics

  • Oh, In-Rok;Lee, Eun-Sang;Jung, Youn-Joon
    • Bulletin of the Korean Chemical Society
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    • v.33 no.3
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    • pp.980-986
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    • 2012
  • In this paper we develop a minimalist model of single molecule spectroscopy in a dynamic environment. Our model is based upon a lattice system consisting of a probe molecule embedded in an Ising-model like environment. We assume that the probe molecule interacts with the Ising spins via a dipole-dipole potential, and calculate free energy curves and lineshapes of the system. To investigate fluctuation behavior of the system we exploit the metadynamics sampling method. In particular, using the method, we calculate the free energy curve of magnetization of the lattice and that of the transition energy of the probe molecule. Furthermore, we compare efficiencies of three different sampling methods used; unbiased, umbrella, and metadynamics sampling methods. Finally, we explore the lineshape behavior of the probe molecule as the system undergoes a phase transition from a sub-critical and to a super-critical temperature. We show that the transition energy of a probe molecule is broadly distributed due to the heterogeneous, local environments.

The analysis of system by the ratio of power at micro-cell and macro-cell (마크로셀과 마이크로셀에서 수신하는 전력의 비에 따른 시스템 분석)

  • Seong, Hong-Seok;Lim, Seung-Ha;Won, Young-Jin
    • Proceedings of the IEEK Conference
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    • 2005.11a
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    • pp.1235-1240
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    • 2005
  • This paper supposes the perfect power control at micro-cell and macro-cell. Under this supposition, we calculate SIR and decide the call admission by SIR. When we calculate SIR, we use the ratio of the power received the base station of micro-cell and the power received the base station of macro-cell. We analysis the performance of the system by the computer simulation while changing the ratio of power.

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Exterior Acoustic Holography Reconstruction of a Tuning Fork Using Inverse Non-singular BEM

  • Jarng, Soon-Suck
    • The Journal of the Acoustical Society of Korea
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    • v.22 no.1E
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    • pp.11-18
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    • 2003
  • Non-singular boundary element method (BEM) codes are developed in acoustics application. The BEM code is then used to calculate unknown boundary surface normal displacements and surface pressures from known exterior near field pressures. And then the calculated surface normal displacements and surface pressures are again applied to the BEM in forward in order to calculate reconstructed field pressures. The initial exterior near field pressures are very well agreed with the later reconstructed field pressures. Only the same number of boundary surface nodes (1178) are used for the initial exterior pressures which are at first calculated by Finite Element Method (FEM) and BEM. Pseudo-inverse technique is, used for the calculation of the unknown boundary surface normal displacements. The structural object is a tuning fork with 128.4 ㎐ resonant. The boundary element is a quadratic hexahedral element (eight nodes per element).

An Interface Tracking Scheme based on VOF Coupled with Level Set Method (Level Set 방법과 결합된 VOF 기반의 경계면 추적법)

  • Suh, Young-Ho;Son, Gi-Hun
    • Proceedings of the KSME Conference
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    • 2001.06e
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    • pp.113-118
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    • 2001
  • We present a new interface tracking method for computing two-phase flow. This method is based on VOF method coupled with Level set method. The method is verified to calculate an interfacial curvature accurately as well as to achieve volume conservation during the whole computation period. We apply the present method to calculate a falling drop. The calculated shape and terminal velocity of the falling drop showed good agreement with the data reported in the literature. Also, the present method was proven to be applicable to drop-wall collision phenomenon.

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POSSIBLE MERGER SIGNATURE IN SZ MAPS

  • KOCH PATRICK
    • Journal of The Korean Astronomical Society
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    • v.37 no.5
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    • pp.471-476
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    • 2004
  • We propose an analytical model to estimate the influence of a merger on the thermal SZ effect. Following observations we distinguish between subsonic and transonic mergers. Using analytical velocity fields and the Bernoulli equation we calculate the excess pressure around a moving subcluster for an incompressible subsonic gas. Positive excess around the stagnation point and negative excess on the side of the subcluster lead to characteristic signatures in the SZ map, of the order of $10\%$ compared to the unperturbed signal. For a transonic merger we calculate the change in the thermal spectral SZ function, resulting from bow shock accelerated electrons. The merger shock compression factor determines the power law tail of the new non-thermal electron population and is directly related to a shift in the crossover frequency. This shift is typically a few percent towards higher frequencies.

The Effect of Induced Multipoles on the Fifth-order Raman Response

  • Jansen, Thomas I.C.;Duppen, Koos;Snijders, Jaap G.
    • Bulletin of the Korean Chemical Society
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    • v.24 no.8
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    • pp.1102-1106
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    • 2003
  • In our previous work we developed the Finite Field method in order to calculate the fifth-order Raman response. The method was applied to calculate various polarization components of the two-dimensional response of liquid $CS_2$. So far, all calculations relied on the dipole-induced dipole. Accurate time-dependent density functional theory calculations have shown that this model has big discrepancies, when molecules are close together as in the liquid. We now report results of investigations on the importance of multipole and electron overlap effects on the polarizability and the fifth-order Raman response. It is shown that these collision effects, especially the induced multipoles, are crucial in the description of the fifth-order response. The impact is found to be especially pronounced for the χ_{mmzzzz}^{(5)}$response that is solely due to interaction induced effects. The calculated response will be compared with various experimental results.