• Title/Summary/Keyword: Expansion Method

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A Study on the Build-up Model for the Discount Rate of Technology Valuation including Intellectual Property Risk (지식자산위험을 고려한 기술가치평가 할인율 적산모형에 관한 연구)

  • Sung, Oong-Hyun
    • Journal of Korea Technology Innovation Society
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    • v.11 no.2
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    • pp.241-263
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    • 2008
  • Within any income approach, a discount rate is used to convert some projected free cash flow to its presented value. In case of valuing companies, the most frequently used discount rate is the weighted average cost of capital(WACC) at the aggregate level. But technology valuation is different to discounting aggregate corporate cash flow since it is concerned about individual Intellectual property. Therefore, blindly applying standard discount rate such as WACC in technology valuation is unlikely to lead to the right result. The primary focus of this paper is to establish the structure of discount rate for technology valuation and to suggest the method of estimation. To determine an appropriate discount rate for technology valuation, the level of technology risk, market risk and competitive risk should be included in the structure of discount rate. This paper suggests the build-up model which consists of three components as a expansion of the CAPM. It includes (1) a risk-free rate of return, (2) general market risk premium and beta and (3) intellectual property risk premium related to technology risk and specific target market risk. However, there is no specific check list for examining the intellectual property risk until now and no specific method for quantifying its risk into risk premium. This paper developed the 10 element to determine the level of the intellectual property risk and applied estimation function such as linear function, natural log function and exponential function to transform the level of risk into risk premium. The limitation of this paper is that the range of intellectual property risk premium is inferred based on the information of foreign and domestic valuation agency. Finally, this paper explored the development of an intellectual property discount rate for technology valuation and presented the method in order to quantify the intellectual property risk premium.

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A study on the recognition and needs of the in-service education of school nurse (보건교사의 현직교육 요구 분석)

  • Kim, Jeong-Mi;Park, Yung-Su
    • The Journal of Korean Society for School & Community Health Education
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    • v.6
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    • pp.89-107
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    • 2005
  • The purposes of this study were to investigate the recognition and the needs and problems of in-service education for school nurse, and to suggest the desirable guidelines, for supples the basic data of in-service education for school nurse to upgraded the quality as school nurse's professional specialist. The subjects of this study were 376 school nurses who were working in Jollanamdo. The research instruments used in this study was 'Needs of In-service Education questionnaire'. 305 collected Data were analyzed with the frequency analysis, $x^2$-test. The conclusions were as follows; First of all, the most important motives for the school nurses to participate in-service education are the enhancement of their specialties on teaching profession, self-realizations as educators, and improvement of health teaching skill. However, the motives to obtain the skill for school management or to obtain a high rank qualification and promotion are quite low. School nurses are generally satisfied with duration, time, place of in-service education, But they are not satisfied with contents of in-service education, professional specialist and understanding of real educational situation of the instructors. On the urgent problem of school nurses, promotion of health teaching skill was highest in the rank, and establishment of firm educational philosophy and a sense of teaching profession, proceed to university and graduate school ranked next, respectively. Second, the need of a school nurses on in-service education direction ranked the application of teachers' character and need, practicable and concrete educational programs, planning of school health development, reinforcement of health education, expansion of practical knowledge and on reflection thought, respectively. The need of a school nurses on in-service education contents(major part) ranked health education, health promoting program of student, knowledge and practice of practical medicine and oriental medicine, consultation process, health education of advanced country, respectively. The need of in-service education supervisory organization, the need for a cities provinces educational office was highest in the rank. The need of in-service education type, duty training ranked high, and abroad training, qualification training, general training ranked next. the need for specialist for lecturer of in-serve education ranked among the highest, along with school nurses and university professor. The need of school nurses on education method(duplication answer), need for conference and discussion teaching was highest in the rank. The need on evaluation method, evaluation through a examination ranked the highest. On the needs of in-service education times, need for vacation during the winter and summer was the highest. As for the duration, 31 to 60 hours in duration of in-service education was need most, and most school nurses need cities and provinces in-service training institute as the location of in-service education. On the organization size, need for 21 to 30 people was the highest, where as need for 41 people was relatively low. Lastly, on the problem of in-service education for school nurses, lack of opportunity of in-service education for school nurses was highest in the rank, and improperness of in-service education contents and method, lack of incentive ranked next, respectively.

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An Empirical Study on the Effect of public Construction Industry by Expansion of New Budget System (계속비 사업 확대로 인한 공공건설사업 파급효과 분석)

  • Kim, Sang-Bum;Lee, Jeong-Dae;Cho, Ji-Hoon
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.3
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    • pp.153-163
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    • 2008
  • Domestic construction industry accounts about 15% of Gross Domestic Product(GDP) and Korean government spends approximately 50 trillion won per year for public infrastructure projects. Effective management of public construction projects would result in cost saving and enhance financial stability of the government. In doing so, the government promoted a new budgeting system, Continual Budget Method(CBM) as a part of public project performance enhancement program published in 1999. This research mainly attempted to investigate and analyze the impact of new budgeting in term of cost and schedule performance. Based on the analysis result of n2 projects. The new budgeting system could save project cost by 9.83y. Due to the saving of indirect costs from reduction. Although limited government budget cannot allow all the projects to be excuted with the new budgeting system, the new budgeting system should be more-widely utilized in the public sector because of its proven benefits from this research.

Improved Skin Color Extraction Based on Flood Fill for Face Detection (얼굴 검출을 위한 Flood Fill 기반의 개선된 피부색 추출기법)

  • Lee, Dong Woo;Lee, Sang Hun;Han, Hyun Ho;Chae, Gyoo Soo
    • Journal of the Korea Convergence Society
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    • v.10 no.6
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    • pp.7-14
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    • 2019
  • In this paper, we propose a Cascade Classifier face detection method using the Haar-like feature, which is complemented by the Flood Fill algorithm for lossy areas due to illumination and shadow in YCbCr color space extraction. The Cascade Classifier using Haar-like features can generate noise and loss regions due to lighting, shadow, etc. because skin color extraction using existing YCbCr color space in image only uses threshold value. In order to solve this problem, noise is removed by erosion and expansion calculation, and the loss region is estimated by using the Flood Fill algorithm to estimate the loss region. A threshold value of the YCbCr color space was further allowed for the estimated area. For the remaining loss area, the color was filled in as the average value of the additional allowed areas among the areas estimated above. We extracted faces using Haar-like Cascade Classifier. The accuracy of the proposed method is improved by about 4% and the detection rate of the proposed method is improved by about 2% than that of the Haar-like Cascade Classifier by using only the YCbCr color space.

Quality characteristics of Jeungpyun based on variety, milling method and fermentation time (품종과 제분 방법 및 발효시간에 따른 증편의 품질 특성)

  • Park, Ji Won;Park, Gi Hoon;Choi, Sun Young;Kim, Min Young;Lee, Yoon Jeong;Lee, Choon Ki;Lee, Youn Ri;Lee, Junsoo;Jeong, Heon Sang
    • Korean Journal of Food Science and Technology
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    • v.51 no.2
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    • pp.127-132
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    • 2019
  • This study investigated the quality of Jeungpyun based on variety, milling method and fermentation time. Rice flour (wet-milled Samkwang and dry-milled Seolgaeng) was used for these experiments. The expansion ratios of wet-milled Samkwang and dry-milled Seolgaeng after 6 h of fermentation showed similar values of 160.66 and 159.52%, respectively, while the specific volume was found to be 1.12 mL/g for both. Hardness values of 475.57 g in dry-milled Seolgaeng and 550.40 g in wet-milled Samkwang were determined to be the lowest values after 6 h of fermentation. Numerous pores were found in wet-milled Samkwang, whereas large-sized pores were found in dry-milled Seolgaeng. Thus, these results show no significant difference between the quality of Jeungpyun produced using dry-milled Seolgaeng or wet-milled Samkwang rice flours. However, dry- milled Seolgaeng without the wet-milled process is considered more suitable for Jeungpyun production.

Study on Estimation Method of Water Cycle Goal in Waterfront City (수변도시의 물순환 목표 산정 방안 연구)

  • Kim, Jae-Moon;Baek, Jong-Seok;Shin, Hyun-Suk;Park, Kyoung-Jae
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.12
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    • pp.475-487
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    • 2020
  • The current water-management paradigm is changing from the expansion of reservoirs and facilities for simple outflows and non-point source management to the building of a sound water circulation system throughout the watershed. Based on this, water management for the watershed as a whole is establishing standards through local ordinances. The purpose of this study is to establish water cycle targets that are resilient to water management even after the development of cities in watersheds where water management is highly needed. This was done by referring to research and ordinances related to water circulation by local governments. A method is proposed based on a storage and infiltration method for rainfall. Through a comparison of percentiles, it was found that the water circulation target of a planned waterside city can be treated with 52% of total rainfall and 80% of rainfall of 17 mm per day. To quantitatively improve the quality results of these calculation procedures, it is estimated that the calculation of water cycle targets will be more reliable if other various variables such as the safety of low impact development factors or the selection of appropriate specifications are considered later.

Quality characteristics of Jeung-pyun with different amount of Makgeolli (막걸리 첨가량을 달리한 증편의 품질 특성)

  • Kim, Jin-Seong;Choi, JinHee;Choi, Hae-Yeon
    • Korean Journal of Food Science and Technology
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    • v.54 no.2
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    • pp.196-202
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    • 2022
  • In this study, the quality characteristics of Jeung-pyun with different amounts of Makgeolli (50, 100, 150, and 200 mL) were investigated, and standardization of the Jeung-pyun production process is suggested. Higher Makgeolli contents resulted in an increase in Jeung-pyun qualities such as the b value, air cell size, springiness, and cohesiveness, whereas Jeung-pyun characteristics such as the L values, pH, number of air cells, hardness, and gumminess significantly decreased. The specific volume was highest following method M-150, and the expansion rate was lowest following method M-200. Altering the Makgeolli content did not significantly differ in moisture content and b values. In the sensory evaluation results, the M-150 method produced the highest-ranking results for all tested items (i.e., overall acceptability, appearance, flavor, taste, and texture). Therefore, this study suggests that Jueng-pyun produced with the M-150 mixing ratio has excellent quality and sensory characteristics. Furthermore, the results of this study can be used as preliminary data for the standardization of Jueng-pyun production.

Exploration of the Dance Career Intervention by AHP Method: Focusing on Vocational Guidance, Career Education and Career Counseling (AHP분석을 활용한 무용진로개입의 체계적 접근 방안 : 직업지도, 진로교육 및 상담을 중심으로)

  • Kim, Ji Young;Lim, Su Jin;Kim, Hyoung Nam
    • 한국체육학회지인문사회과학편
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    • v.55 no.6
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    • pp.661-676
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    • 2016
  • The purpose of this study is to draw a systematic access method of career intervention for dance majors. This study conducted Delphi survey and Analytic Hierarchy Process(AHP). As a result of study, 16 elements of career intervention were produced in total 4 areas. Results show that vocational guidance puts emphasis on the understanding of the various vocations, career education on the career planning and goal, career counseling on the macro-narrative to the life and career intervention network on the dance job fair and workshop. In the complex weight of all factors, ratings of weight show that dance vocation guidance and career education are demanded significantly. Results show that expansion of career alternatives, application of diversified dance career development road map to the curriculum, development of test tool and outcome standard, dance educators' systematic career intervention education and systematization of network for career support were suggested as measures for dance career intervention. This study discussed about dynamic reality and systematic access method for dance majors based on theories of Holland(1997), Super(1990), and Savickas(2005).

Evaluation on Behavioral Characteristics of PSC Integral Abutment Bridge (PSC 일체식 교대 교량의 거동특성 평가)

  • Ahn, Jin-Hee;Yoon, Ji-Hyun;Kim, Sang-Hyo;Kim, Jun-Hwan
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.30 no.4A
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    • pp.361-373
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    • 2010
  • Bridges constructed without any expansion joint or bridge bearing are called integral abutment bridges. They integrate the substructure and the superstructure. Possible deformation of the superstructure, due to changes in temperature for example, is prevented by the bending of the piles placed at the lower part of the abutment. This study examines the behavior of integral abutment bridges through soil-pile interaction modeling method and proposes an appropriate modeling method. Also, it assesses the behavior characteristics of the superstructure and piles of integral abutment bridges through parametric study. Soil condition around the pile, abutment height, and pile length were selected as parameters to be analyzed. Structural analysis was conducted while considering the interactions of soil-pile and temperature change-earth pressure on the abutment. Comparative behavior analysis through soil-pile interaction modeling showed that elastic soil spring method is more appropriate in evaluating the behavior of integral abutment bridges. The parametric study showed the tendency that as the soil stiffness around the pile increases, the moment imposed on the superstructure increases, and the displacement of the piles decreases. In addition, it was observed that as the bridge height increases, the earth pressure on the abutment increases and that in turn affects the behavior of the superstructure and piles. Also, as the length of the pile increased, the integral bridge showed more flexible behavior.

A Study on Real-Time Monitoring for Moisture Measurement of Organic Samples inside a Drying Oven using Arduino Based on Open-Source (오픈 소스 기반의 아두이노를 이용한 건조기 내 유기 시료의 실시간 수분측정 모니터링에 관한 연구)

  • Kim, Jeong-hun
    • Journal of Venture Innovation
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    • v.5 no.2
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    • pp.85-99
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    • 2022
  • Dryers becoming commercially available for experimental and industrial use are classified to general drying oven, hot-air dryer, vacuum dryer, freezing dryer, etc. and kinds of them are various from the function, size and volume, etc. But the moisture measurement is not applied although it is important factor for the quality control and the performance improvement of products, and then now is very passive because the weight is weighed arbitrarily after dry-end. Generally the method for measuring moisture is divided by a direct measurement method and a indirect measurement method, and the former such as the change of weight or volume on the front and rear of separation of moisture, etc. is mainly used. Relatively a indirect measurement is very limited to apply due to utilize measurement apparatuses using temperature conductivity and micro-wave etc. In this research, we easily designed the moisture measurement system using the open-source based Arduino, and monitored moisture fluctuations and weight profiles in the real-time without the effect of external environment. Concretely the temperature-humidity and load cell sensors were packaged into a drying oven and the various change values were measured, and their sensors capable to operate 60℃ and 80℃ were selected to suitable for the moisture sensitive materials and the food dry. And also the performance safety using the organic samples of banana, pear, sawdust could be secured because the changes of evaporation rate as the dry time and temperature, and the measurement values of load cell appeared stable response characteristics through repeated experiments. Hereafter we judge that the reliability can be improved increasingly through the expansion of temperature-humidity range and the comparative analysis with CFD(Computational Fluid Dynamics) program.