• Journal of the Korea Society of Computer and Information
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• v.15 no.10
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• pp.191-200
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• 2010

The "intelligent internet power outlets" realized in this study use Internet environment to connect electrical and electronic products to the Net as well as to enable remote monitoring and control. They also have temperature and light sensors, and even offer scheduling options by means of a universal calendar run by an inner real-time timer. Furthermore, they control 4 outlets handling 4 external input conditions and infrared remote control with easy-to-use functions for home automation control. The user interface is equipped with an embedded Web server and UDP protocol handler, and which also allows special control programs be used with the Web browser. Thus, installing this real-time power control function with optimal scheduling and various communication functions will provide you with energy-efficient power outlets outfitted with the increasingly popular "standby power" electric power efficiency.

• Journal of Korea Society of Industrial Information Systems
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• v.16 no.3
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• pp.121-135
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• 2011

We provide an economic evaluation model to help managers make reasonable decision for the investment in the appropriate type of cloud computing. Cloud computing can be classified into public, private and hybrid architecture and we evaluate their attractiveness using traditional NPV and real option methods. We conduct economic analysis by comparing traditional software delivery model with various types of cloud computing. The work compares each mode of cloud computing against each other using passive NPV and dynamic real-option method. For more objective and conservative evaluation of investment alternatives, we eliminate conventional benefits that are often subjective or hard to measure, and count only the reduction of investment cost and maintenance cost as benefit. We argue that hybrid and public cloud computing can be undervalued without their intrinsic options such as abandonment, expansion and contraction.

• Environmental and Resource Economics Review
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• v.28 no.4
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• pp.617-643
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• 2019

The Demilitarized Zone(DMZ) is a buffer zone set between the southern and northern limit lines established after the 1953 Armistice Agreement. It is an important natural environment conservation area where wild species of animals and plants live. On the other hand, the development pressure on the DMZ will increase when the inter-Korean economic cooperation is activated in the future. As a result, DMZ development should consider not only the economic cost-benefit aspects, but also how to assess and conserve the biodiversity of the DMZ, as well as the recovery costs and budget. This paper develope a sustainable DMZ management model under biodiversity uncertainly by using real option approach. The model is also designed to reflect the political risk and regional specificity of the DMZ. Through empirical analysis, I derive the biodiversity threshold (b^*) that can secure the DMZ investment economy under uncertainty. In addition, through the sensitivity analysis, I derive the factors influencing the biodiversity threshold, and suggest the policy implications for sustainable management of DMZ.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.7
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• pp.168-175
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• 2020

Recently, there has been an increasing need to expand the supply of renewable energy as a solution to greenhouse gas emissions. Therefore, as a measure to promote domestic renewable energy investment and gradual expansion, this study analyzed the investment value of renewable energy projects utilizing the unoccupied spaces of public enterprise's facilities and presented a strategic decision-making framework to support efficient national land development and government measures. The NPV was estimated to be 286 million won if the expansion of the facility was not considered, but it is reasonable to postpone the expansion decision because the value of -130 million won was calculated if the expansion was considered. On the other hand, the real-option value was estimated to be 444 million won, taking SMP uncertainty, expansion, and abandonment options into account, and an additional value of 288 million won was calculated from an analysis of the expansion project using the existing NPV analysis.

• Journal of Korea Port Economic Association
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• v.38 no.2
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• pp.95-107
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• 2022

Shipping companies earn profits through cargo transportation, and therefore, investment decisions to purchase ships are more important than anything else. Nevertheless, the cash flow discount method was mainly used in the economic analysis method, which assumes that all situations are static. This study shows that the real option model is useful in the economic analysis of ship investment. This economic analysis took into account the irreversibility of investment and uncertainty of benefits. In particular, this study used a binary option price determination model among real options. In addition, the simulation was conducted using actual investment data of A shipping company. As a result of the analysis, the investment value of used ships according to the net present value method was analyzed as negative (-), but the investment value in the real option model reflecting the flexibility of decision-making was evaluated as having positive (+) economic feasibility. It was analyzed that economic feasibility is affected by profit volatility and discount rate. Therefore, this study is expected to help shipping companies make more flexible decisions by using the real option model along with the existing net present value method when making ship investment decisions.

• Environmental and Resource Economics Review
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• v.28 no.1
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• pp.39-59
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• 2019

The Korean Demilitarized Zone (DMZ) has the great ecosystem as all the artificial activities in DMZ have been prohibited over half a century. The ecosystem should be conserved even after the reunification of Korea and hence the conservation plan should be established not after the reunification but before it. It requires a considerable budget to conserve DMZ, considering management of ecology resource, recovery, and research. The objective of this paper is to analyze a fund-raising measure for DMZ conservation, using economic incentives mechanism when multiple developers participate in the auction to get the right to develop North Korean regions, have private information about their sunk costs and pay a part of their profits for the fund. First, we analyze the real option model to decide the optimal investment time. Second, we construct the auction for bidders not to misrepresent their private information, based on Bayesian Nash equilibrium.

• International Journal of Computer Science & Network Security
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• v.22 no.8
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• pp.371-379
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• 2022

The environment in Kosovo is a topic of concern for the citizens and the state because of the temperatures that affect the health of the citizens and the climate around the world. Kosovo's climate is related to its geographical position. Stretching in the middle latitude, Kosovo's climate depends on the amount of heat coming from the Sun, the proximity of the Adriatic Sea, the Vardar valley, the openness to the north. In order to better understand the climatic features of Kosovo, one must know the elements of the climate such as: sunshine, temperature, precipitation, atmospheric pressure, winds. The Meteorological Institute of Kosovo is responsible for measuring temperatures in Kosovo since 2014 and until now 12 meteorological stations have been operationalized with automatic measurement and real-time data transfer to the central system for data collection and archiving. The hydrometeorological institute lacks an application for measuring temperatures in all the countries of Kosovo. Software applications are generally built to suit the requirements of different governments and clients in order to enable easier management of the jobs they operate on. One of the forms of application development is the development of mobile applications based on android. The purpose of the work is to create a mobile application based on the Android operating system that aims to display information about the weather, this type of application is necessary and important for users who want to see the temperature in different places in Kosovo, but also the world. This type of application offers many options such as maximum temperature, minimum temperature, humidity, and air pressure. The built application will have real and accurate data; this will be done by comparing the results with other similar applications. Such an application is necessary for everyone, especially for those people whose daily work is dependent on the weather or even for those who decide to spend their vacations, such as summer or winter. In this paper, comparisons are also made within android applications for tablets, televisions and smart watches.

• Korean Institute of Interior Design Journal
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• v.21 no.1
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• pp.159-169
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• 2012

One of critical issues in the housing area is what strategies should be adopted for revitalizing contemporary communities in housing complex. It is expected that those strategies could encourage neighbourship and recover the existing community spaces. Based on the assumption that contemporary communities might have different characteristics from those of the traditional communities and spaces, this research aims to explore the possibility of new communities in a current context. With the development of the information communication technologies (ICT) and hardware systems, the environment would be capable of anticipating people's needs and then provide them with customization options to tailor the environment to their requirements. By incorporating the 'smart' paradigm, this paper introduces the concept of a smart community and space with the potential of mobile Augmented Reality(AR) as alternative strategies for activating the communities. The residents believe that existing common spaces need to be extendable and augmented by combining new technologies. The smart communities and spaces are expected to extend people's interaction to virtual world in aj real context, further combined with social network, it enables sustainable relationships among residents, contributina to a new type of community.

• The Journal of Fisheries Business Administration
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• v.48 no.3
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• pp.61-74
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• 2017

This study is aimed to analyze the change of chinese fishing vessels' entry into the East Sea off North Korea and suggest directions for countermeasures. Based on the real landing data in China, Chinese fishing vessels' squid catch volume and value in the East Sea off North Korea are estimated. Results show that at least 205 thousand tons of squid was caught by Chinese fishing vessels in 2014. If the catch amount is calculated by the unit price per kilogram at the same year in Korea, it would be 556.3 billion KRW. As the UN sanctions become stricter with the recent resolution 2371 passed, Chinese fishing vessels' entry may increase in the future to compensate decreased seafood supply from North Korea. Even though there are not many options left for Korea to decrease the impact of Chinese depletive fishing, the study suggests countermeasures such as strengthening cooperative crack down on the Chinese illegal fishing vessels in Korean waters; increasing cooperation with UN member countries to incorporate banning the trade of fishing rights in the next UN sanctions; establishing regional fisheries management organization and managing migratory species with China and Japan cooperatively in the long term.

• Journal of Energy Engineering
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• v.23 no.3
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• pp.36-41
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• 2014

The world's overall need for natural gas (NG) has been growing up fast, especially in the residential sector. The better the estimation of residential NG consumption (RNGC) distribution, the better decision-making for a residential NG policy such as pricing, demand estimation, management options and so on. Approximating the distribution of RNGC is complicated by zero observations in the sample. To deal with the zero observations by allowing a point mass at zero, a mixture model of RNGC distributions is proposed and applied. The RNGC distribution is specified as a mixture of two distributions, one with a point mass at zero and the other with full support on the positive half of the real line. The model is empirically verified for household RNGC survey data collected in Korea. The mixture model can easily capture the common bimodality feature of the RNGC distribution. In addition, when covariates were added to the model, it was found that the probability that a household has non-expenditure significantly varies with some variables. Finally, the goodness-of-fit test suggests that the data are well represented by the mixture model.