• Journal of the Korean Operations Research and Management Science Society
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• v.26 no.4
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• pp.83-97
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• 2001

Net Present Value (NPV) criterion has been the most widely used criterion to evaluate investment opportunities. However, the analysis based on the NPV criterion falls to consider the managerial flexibility of deferring decisions until major uncertainty is resolved. Recently, real options method attracted a lot of attention as a Powerful approach to address the problem. If investment decision is deferred, the value of the investment opportunity increases but opportunity cost increases at the same time. Therefore, it is important to decide the optimal timing how long the decision can be deferred. In this paper, we developed a model deciding the optimal decision timing. Using the real options approach, the model derived the optimal deferring time until a decision is made. Then, the model was applied to a Korean mobile telecommunications company who wants to invest on the wireless resale business. We believe that this model would be very useful to overcome the problem of NPV decision criterion. With this approach, we can make contingent decisions based on the observation of uncertainly resolutions.

• Journal of the Korean Institute of Telematics and Electronics S
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• v.34S no.7
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• pp.28-38
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• 1997

Previously, we have proposed the M-BECM(Modified-Band Edge Component Maximization), which is a symbol synchronization algorithm based on spectral line method for all-digital high speed digital communications. However, Until now, the characteristics of the timing detector based on the spectral line method including M-BECM was not analyzed, particularly the effect of a timing offset at the optimal convergence pont. In this paper, we analyze the timing dtector's characteristics of the M-BECM and present optimal design value. First, the expression for the timing detector's mean value(often called its S-Curver) as a function of the normalized symbol timing offset is derived. Next, the P $D_{bias}$, the value for compensating the timing offset at an optimal convergence point, and the bandwidth of bandpass filter in the timing detector are calculated. It is also shown and analyzed that the P $D_{bias}$ is affected by varuous factors such as the excess bandwidth of input signal, frequency offsets, noise and particularly, the excess bandwidth of input signal is a major parameter to decide P $D_{bias}$. Finally, analytic resutls are compared to simulation results.

• Journal of the Korean Society of Clothing and Textiles
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• v.26 no.5
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• pp.606-617
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• 2002

The purpose of this study is to develop a decision model that helps manufacturers and retailers determine the optimal timing of markdown in order to maximize their profit. An optimal timing decision model was developed based on three steps; conjoint measurement, scenario analysis and simulation. Data were collected from the sample of 149 out of 170 undergraduate and graduate students in Seoul in 1997. From the Jeans market, 8 brands; Levi's, lee, Guess, Calvin Klein, Pintos, Get used, MFG, and Basic, were selected as competitors for this study. In the conjoint measurement, respondents estimated the level of preference, from 1 to 100, for each item in which brand, price, style, and colors were used to explain product characteristics. Then, in order to reflect competitive situation in Jeans market, four types of scenarios were developed. In each scenario, simulations were applied to decide optimal timing of markdowns that leads to maximal profitability and sales volume. The profit was calculated based on the equation; Profit = Jean's market volume x market share of each brand - cost, where market volume was obtained by integral calculus for market utility function, and market share by logit value of part-worth from the conjoint analysis. For the purpose of the parsimony of the research, costs and the level of markdown were fixed to 30% of the regular price. In results, the optimal timing decision model identified 3 different types of brands. The brands that do not need to take markdown were Ievi's, MFG, and Basic Jeans characterized by the highest brand power and the highest price zone. The brands that needed to take early markdowns were Guess, Lee, Calvin Klein, and Get Used with the intermediate level of brand power and price. The brand that need late markdown was Pintos with the weakest brand power among the competitors and the lowest price. The optimal range of markdown remains for further research.

• Journal of Korean Institute of Industrial Engineers
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• v.32 no.3
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• pp.180-190
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• 2006

We evaluate the economic value and the optimal investment timing of IMT-2000 in Korea, in the perspective of a service provider who owns the business license for IMT-2000, by using the real options analysis. The result clearly shows the project value with options is positive and delaying the investment is more favorable to the provider. Binomial lattice approach, in which we try to describe American call option and sequential compound option, and sensitivity analysis present the optimal decisions according to future states and enable the management to make decision strategically and proactively.

• Journal of Advanced Marine Engineering and Technology
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• v.25 no.3
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• pp.644-654
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• 2001

In this paper, an electronic control unit of the automobile engine for optimal fuel injection an spark timing control has been designed and developed. This system includes hardware and software for a precise control of fuel injection and ignition timing. Especially, the crank angle sensor provides two separate signals: One is the position signal (POS) which indicates 180 degree pulses per revolution, and the other is the reference signal (REF) that represents each cylinder individually. Consequently, the developed engine control system has been able to control fuel injection and ignition timing more quickly and accurately. Through the experiment, it has been found that the fuel injection duration and the position of MBT have been influenced by coolant temperature, air flow rate and engine speed.

• Journal of the Korean Operations Research and Management Science Society
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• v.24 no.2
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• pp.69-80
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• 1999

A genetic algorithm to determine the optimal signal sequence and double cycle pattern is described. The signal sequence and double cycle pattern are used as the input for TRANSYT to find optimal signal timing at each junction in the area traffic networks, In the genetic process, the partially matched crossover and simple crossover operators are used for evolution of signal sequence and double cycle pattern respectively. A special conversion algorithm is devised to convert the signal sequence into the link-stage assignment for TRANSYT. Results from tests using data from an area traffic network in Leicester region R are given.

• Journal of Broadcast Engineering
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• v.8 no.2
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• pp.146-152
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• 2003

ATSC DTV receivers use repetitive data segment syncs or Gardner algorithm as a tuning recovery circuit. Many multipath signals can induce timing-offset in the symbol timing recovery circuit using Gardner algorithm and this timing-offset shifts sampling instant to the wrong points, causing the performance of the equalizer to become nr. When many echoes exist, the optimal sampling instant will be the Point at which the main-path has a peak value. In this paper, by using channel correlation techniques, we find the optimal sampling instant, thereby compensating the timing offset and improving DTV reception performance. We analyzed the Performance enhancement of DTV receivers using the timing offset compensator.

• Journal of the Optical Society of Korea
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• v.13 no.3
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• pp.367-372
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• 2009

In this paper we propose an electronic domain timing phase selection scheme for the optical communication systems suffering from inter-symbol-interference (ISI) distortion due to chromatic dispersion (CD) or polarization mode dispersion (PMD). In the presence of CD/PMD a proper timing phase selection is important for discrete time domain equalizers, since different timing phases produce different nonlinear ISI channels of different severity. The proposed timing phase recovery scheme based on dispersion minimization (DM) practically approximates the optimal minimum mean squared error (MMSE) timing phase without training signals which reduces overall throughput substantially, especially in time-varying channels such as PMD. The simulation results show that the proposed DM timing agrees with MMSE timing phase, under proper normalization of the received signals, for various dispersion and OSNR.

• Journal of Korean Society for Quality Management
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• v.36 no.3
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• pp.76-86
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• 2008

This paper examines when a consumer in existent telecommunication 2G applies to new telecommunication service 3G from the viewpoint of an option pricing theory. To improve telecommunication quality of service, the consumer applies to 3G. The application means an exchange of 2G for 3G with extra costs such as searching and conversion costs. Since the option to exchange is a right that the consumer can exercise or not, application to 3G is deemed an exercise of the option to exchange at most suitable value of the option. The timing to exercise the option depends on the extra costs and the additional communication benefit from new telecommunication quality of service. These affect an optimal timing to apply to 3G. The optimal applying or switching timing to 3G is when an economic value of the option to exchange is equal to an economic value of the extra costs plus the additional telecommunication quality from new telecommunication service. The option analysis used in this paper is applicable to various industries.

• International Journal of Automotive Technology
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• v.6 no.6
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• pp.585-590
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• 2005

The effects of spark timing and exhaust valve timing change on exhaust gas temperature during cold start period of an SI engine are studied through engine bench tests. The exhaust gas temperature increases when the spark timing or valve timing are retarded individually, due to late combustion or slow flame speed. Therefore, exhaust gas temperature shows a large increase when the two timings are retarded simultaneously. However, it is considered that combustion stability during cold start deteriorated under these retarded conditions. To increase exhaust gas temperature for fast warmup of catalysts while maintaining combustion stability, an optimal condition for spark and valve timing retard should be applied for the cold start period.