• Title/Summary/Keyword: Option Selection

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A Survey on the M&V to guarantee the energy saving performance of ESCO (ESCO 에너지절약 M&V 방법의 선택 및 적용방안 연구)

  • Lim, Ki Choo
    • Journal of Energy Engineering
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    • v.23 no.4
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    • pp.123-129
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    • 2014
  • ESCO industry should guarantee the energy saving performance with M&V such as developed countries. The application of the ESCO M&V is a necessary condition on energy saving performance. This study recommends a goal, direction, and order of application and suggests selection of M&V between option A, option B, option C, option D by energy conservation technology in Korea, with reference to the examples from IPMVP and applied in US and Japan. In the future, it is needed to study on the guideline for plan report and result report of M&V based on a goal, direction, and selection of M&V option.

사업자 사전 선택제 도입 사례와 시사점

  • 유영상
    • Proceedings of the Korea Technology Innovation Society Conference
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    • 2002.11a
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    • pp.45-57
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    • 2002
  • Since a new entrant in the telecommunications market requires time in order to construct its own network, a requirement on the incumbent operator to implement carrier selection and pre-selection can enable a new entrant to immediately attract customers and earn revenue. Carrier selection can normally be accomplished in two ways, on a call-by-call basis or through carrel pre-selection. Call-by-call selection allows customers to choose a new entrant rather than the incumbent carrier using a specific code designated to the new carrier each time a call is made. Carrier Pre-Selection, on the other hand, allows customers directly connect to the network of one provider to have access automatically to another company's services when they pick up the phone to make certain types of calls. The carrier pre-selection option is generally considered to be a second regulatory step following the implementation of the call-by-call carrier selection option. Carrier pre-selection with the ability to override on a call-by-call basis for long distance, international, local, and fixed-to-mobile calls has now been implemented in many EU countries. This paper attempts to identify the issues in introducing CPS and to draw policy implications from other countries' experiences.

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A Study on the Option Selection of Informed Traders: A Case of Korean Index Options (정보거래자의 옵션 선택에 관한 연구: 한국의 지수옵션시장을 중심으로)

  • Byung-Wook Choi
    • Asia-Pacific Journal of Business
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    • v.14 no.2
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    • pp.33-49
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    • 2023
  • Purpose - The purpose of this study is to examine the option selection and optimal trading of informed traders in KOSPI 200 options market based on the PIN (probability of informed trading) model of Easley et al.(2002). Design/methodology/approach - This study uses TAQ (trade and quote) data provided by Korean Exchanges (KRX) which contains all the bids and trades recorded during the continuous auction trading hours for the KOSPI 200 options between May 2019 and September 2020. Findings - First, there was no difference in the PIN between call and put options in the 2019 data, but the PIN of put options was slightly higher in 2020. Second, regardless of the type of option, the PIN was higher for in-the-money (ITM) options, and the PIN of out-of-the-money (OTM) options was the same as or slightly higher than that of at-the-money (ATM) options. Third, we found that the PIN decreases as trading liquidity increases, and fourth, the PIN increased sharply as the expiration date approached, especially for OTM options, while ITM and ATM options showed relatively weak effects. Fifth, for foreign and institutional investors, the periodicity of orders was observed in milliseconds, especially for foreign investors, where the periodicity of orders was clear and frequent in OTM options. The results suggest that the purpose of option trading varies depending on the moneyness from the perspective of the informed trader.

Performance Improvement Using the Adaptive Selection of H.263+ Negotiable Option Modes (H.263+ 협상모드들의 적응적 선택에 의한 성능개선)

  • 김강욱;황찬식;김남철;고종석
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.24 no.10B
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    • pp.1963-1970
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    • 1999
  • Researches in draft recommendation H.263 have been made in ITU-T LBC group to broaden its range of useful application and to improve its compression performance. The form of added and revised draft text of H.263 is informally known as “H.263+”. In this paper, we analyzed the characteristics of H.263+ negotiable option modes for four image classes. Based on the analysis results, we proposed the adaptive selection scheme of H.263+ option modes by using a scene change detector for a mixed image class. In case of using the proposed scheme, we obtained the 1.6dB improvement in PSNR compared to the basic mode of H.263, and the 0.4~1.0 dB improvement in PSNR compared to the fixed usage scheme of H.263+ negotiable option modes. In respect to used bits per frame, fewer bits are produced than the basic mode H.263 and the foxed usage scheme of H.263+ option modes.

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Application of Multi Criteria Decision Making for Selection of Automobile Safety Option (안전 옵션 선정 다준규의사결정 모델)

  • Kim, Taehee
    • Journal of Auto-vehicle Safety Association
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    • v.10 no.2
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    • pp.50-55
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    • 2018
  • Choosing automobile safety options is price-performance matter. The best fit options to buyer who has a certain driving habit are problem of MCDM (Multi Criteria Decision Making) because price of safety option, statistics of relating accident, consequence of accident, and driving habit are the multi criteria to be evaluated. In this paper, PROMETHEE-GAIA methodology is applied for solving this MCDM problem. The result shows that a different driving habit makes different choosing priority of safety options.

Preference for accessible design features for the elderly housing with its cost information (노약자를 위한 주거에서 비용정보제공에 따른 접근가능한 디자인 요소별 선호도 분석)

  • Lee, So-Young;Yoo, Sung-Eun
    • Korean Institute of Interior Design Journal
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    • v.22 no.5
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    • pp.60-67
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    • 2013
  • Preference studies regarding the elderly housing have been conducted to find out design features in specific needs of certain elderly groups with their various demographic characteristics. The purpose of this study was to investigate preference for accessible design features for the elderly and find out the differences in preference whether the cost information was given or not. Contrast to the previous studies, we suggested some alternatives to fulfill the accessible goals. Preference for each option was investigated and differences in preference with its cost information was also investigated. The total of 700 questionnaires were collected and analyzed using SPSS 18.0. As a result, to remove the level differences, respondents prefer installation of trench to installation of deck or ramp. When people received the cost information, the proportion of selection for each option has slightly changed. The findings of the study suggest that cost information is an important factor for choosing the option for removal of level difference, installation of sink design and holding bars, and installation of elevator. Regardless of age, the respondents prefer sliding door option (its cost is equal to the other option), one of the door option for bath room. It may be due to the relative small area for its installation. It was found that when people recognized the importance of the accessible design features higher, they are ore likely to pay for the option even though its cost is higher. The higher people evaluate the importance of accessible design features, the more they can pay for the option. In general, for the preference of alternatives, there are significant differences between the elderly and the younger.

No Response to Bidirectional Size-Based Selection in the Rotifer Brachionus rotundiformis

  • Malekzadeh-Viayeh, Reza;Song, Choon Bok
    • Fisheries and Aquatic Sciences
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    • v.18 no.3
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    • pp.287-296
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    • 2015
  • Although rotifers have been considered the best feeding option for several species of fishes in aquaculture, they are sometimes larger than appropriate for the early larval stage of some marine fishes. Thus, we aimed to determine whether size-based selection of the parents could affect the average body size of their progeny in two clonal populations of the rotifer Brachionus rotundiformis. From each of the clones, 20 individuals were bi-directionally selected toward both smaller and larger sizes and each individual-based selection was conducted for 10 consecutive generations. The results showed that although there were sometimes differences in mean body size between parents and their progeny, no directional trend was observed in all selected lines of both clones. We demonstrated that artificial selection in a rotifer stock cannot lead to an expected size range although they appear to exhibit a large degree of body size polymorphism.

A design of automatic trading system by dynamic symbol using global variables (전역 변수를 이용한 유동 심볼 자동 주문 시스템의 설계)

  • Ko, Young Hoon;Kim, Yoon Sang
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.6 no.3
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    • pp.211-219
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    • 2010
  • This paper designs the dynamic symbol automatic trading system in Korean option market. This system is based on Multichart program which is convenient and efficient system trading tool. But the Multichart has an important restriction which has only one constant symbol per chart. This restriction causes very useful strategies impossible. The proposed design uses global variables, signal chart selection and position order exchange. So an automatic trading system with dynamic symbol works on Multichart program. To verify the proposed system, BS(Buythensell)-SB(Sellthenbuy) strategies are tested which uses the change of open-interest of stock index futures within a day. These strategies buy both call and put option in ATM at start candle and liquidate all at 12 o'clock and then sell both call and put option in ATM at 12 o'clock and also liquidate all at 14:40. From 23 March 2009 to 31 May 2010, 301-trading days, is adopted for experiment. As a result, the average daily profit rate of this simple strategies riches 1.09%. This profit rate is up to eight times of commision price which is 0.15 % per option trade. If the method which raises the profitable rate of wining trade or lower commission than 0.15% is found, these strategies make fascinated lossless trading system which is based on the proposed dynamic symbol automatic trading system.

A User Analysis on the Improving Direction of KONEPS : Focus on Gyeongbuk province (국가종합전자조달시스템 종합쇼핑몰 개선방향에 대한 사용자분석 : 경북지역 중심으로)

  • Kim, Sang-Min;Lee, Hyun-Soo
    • Journal of Digital Convergence
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    • v.16 no.5
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    • pp.33-42
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    • 2018
  • This paper is based on the suggestions of the prior research on the buyer feedback, the selection of various product options, and the payment procedure improvements for Korea ON-line E-Procurement System(KONEPS), and this is to confirm the necessity of improvement and satisfaction from the viewpoint of the workers of the public and subordinate organizations the purchasing and using of the computer equipment in the actual KONEPS(Korea ON-line E-Procurement System). Based on the basic questionnaires and in-depth interviews, this paper conducts the qualitative case studies on IT and non - IT workers who had purchasing experiences for equipment at public institutions and government agencies in Gyeongbuk province. As results of the study, it was confirmed that the improvement is necessary for the buyer feedback and option selection part, and that there is a difference among the work experience for the simplification of the payment procedure and the satisfaction. In addition, the biggest contribution in the provided research is to categorize and to analyze the opinions on the use of public and relevant subordinate research participants. Additional work will be needed for a large number of workers in public and subordinate organizations who have purchasing experiences for handling various procurement products and those working in the metropolitan area and other public and subordinate agencies.

Reirradiation of head and neck cancer in the era of intensity-modulated radiotherapy: patient selection, practical aspects, and current evidence

  • Kim, Yeon Sil
    • Radiation Oncology Journal
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    • v.35 no.1
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    • pp.1-15
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    • 2017
  • Locoregional failure is the most frequent pattern of failure in locally advanced head and neck cancer patients and it leads to death in most of the patients. Second primary tumors occurring in the other head and neck region reach up to almost 40% of long-term survivors. Recommended and preferred retreatment option in operable patients is salvage surgical resection, reporting a 5-year overall survival of up to 40%. However, because of tumor location, extent, and underlying comorbidities, salvage surgery is often limited and compromised by incomplete resection. Reirradiation with or without combined chemotherapy is an appropriate option for unresectable recurrence. Reirradiation is carefully considered with a case-by-case basis. Reirradiation protocol enrollment is highly encouraged prior to committing patient to an aggressive therapy. Radiation doses greater than 60 Gy are usually recommended for successful salvage. Despite recent technical improvement in intensity-modulated radiotherapy (IMRT), the use of concurrent chemotherapy, and the emergence of molecularly targeted agents, careful patient selection remain as the most paramount factor in reirradiation. Tumors that recur or persist despite aggressive prior chemoradiation therapy imply the presence of chemoradio-resistant clonogens. Treatment protocols that combine novel targeted radiosensitizing agents with conformal high precision radiation are required to overcome the resistance while minimizing toxicity. Recent large number of data showed that IMRT may provide better locoregional control with acceptable acute or chronic morbidities. However, additional prospective studies are required before a definitive conclusion can be drawn on safety and effectiveness of IMRT.