• Environmental and Resource Economics Review
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• v.29 no.1
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• pp.91-111
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• 2020

While the renewable energy portfolio standard (RPS) is in place to expand the scale of renewable energy generation, the power producer can obtain the renewable energy credit (REC) and use it as an incentive to operate the facility. RECs secured by solar power generation can be traded through spot market or fixed price contracts, and, in the spot market trading, power producers are exposed to the uncertainty of REC spot price. In this study, real option analysis is conducted to analyze the optimal threshold of REC spot price for the conversion of REC trading method by power producer considering the uncertainty of REC spot price. We calculated the optimal threshold of REC spot price that can convert the trading method of REC from spot market to fixed price contract. In conclusion, the spot market trading is a rational trading method when considering the uncertainty of REC price, but the fixed price bidding is a rational trading method when not considering the uncertainty of REC price.

• Knowledge Management Research
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• v.17 no.3
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• pp.181-206
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• 2016

Under the influence of growing popularity of "hallyu" (Korean wave), corporates that have copyrights such as music, movie, drama as their core competitiveness are showing continuing growth. In Addition, they built on contents are rapidly growing, interests in protection and management of intellectual property rights linked to contents are growing. Global contents development corporates are making great efforts to create profits out of copyrights. They could utilize original contents to strengthen brand value use it to produce additional contents in current market. Also they take advantage of existing storyline of the contents and strong brand to explore new markets. This paper looks into Value articulation model by Professor James Conley and analyzed the firms that utilized intellectual property rights to extend the period of protection, strengthen their competitiveness and succeeded in breaking into new market by using the rights they possess. Also, this paper examines the usage of intellectual property rights and business expansion strategy of of Iconix, the Korean entertainment company, which gained tremendous popularity in last ten years using this model. In Value articulation model, Conley classifies the process of exploiting the portfolio of the single product's(or service's) intellectual property right for a period of time into three stages ; value transference, value translation, value transportation. Pororo's strategy of utilizing intellectual property right is suggestive to domestic entertainment companies. Under the influence of hallyu" (Korean wave), domestic contents such as movies, dramas and music are enjoying the high level of popularity recently not to mention animations. In reality, Korean entertainment companies who have no background or experience of Intellectual property rights are not creating enough added values compared to fast growing market. It is believed Iconix's intellectual property rights management strategy will suggest positive aspects to domestic companies. Moreover, I hope various intellectual property rights management strategies including Conley's value articulation are studied and they can make contributions to managing domestic entertainment companies.

• Journal of The Korean Society of Agricultural Engineers
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• v.56 no.6
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• pp.55-62
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• 2014

Torrefaction is considered as a promising pre-treatment for thermochemical utilization of biomass. Torrefaction temperature and time are the critical operation parameters. In this study, investigated were the effects of reaction temperature and time on product composition of torrefaction. scanning electron microscope (SEM) images and thermo gravimetric analyzer (TGA) results were also compared for the effects of the operating parameters. SEM images showed that the pores were observed at the temperature of $250^{\circ}C$ for 30 minutes. Rapid decreases in weight were observed the temperature between 200 and$400^{\circ}C$. Higher heating value of the torrefied biomass was over 5,000 kcal/kg at the temperature of $250^{\circ}C$ for 45 minutes. Energy density, which is defined as the ratio of the energy yield over the mass yield was 1.36 at the temperature of $250^{\circ}C$ for 45 minutes. The energy density was higher up to 1.6 at the temperature of $280^{\circ}C$, which indicates greater loss in mass. The major components of the gas produced in the torrefaction were $CO_2$ and CO, with traces of methane. The total amount of gas was 31.54 l/kg and the calorific value of the gas was $1,164.4Kcal/Nm^3$ at the temperature of $250^{\circ}C$ for 30 minute reaction time. Based on the results of this study, the temperature of effective torrefaction is about $250^{\circ}C$ for 30 to 45 minutes of reaction time. Considering the heating value, it is desirable to utilize the gas for efficient process of torrefaction.

• Journal of Gifted/Talented Education
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• v.20 no.1
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• pp.257-287
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• 2010

The purpose of this study is to develop an identification model for gifted students, based on class observations and nominations. The definition, issues and methods of identification were examined to achieve the research goal. Gifted identification model based on class observations and nominations consists of 4 steps: The first is the collection of multidimensional information on students, and the second is the evaluation of the students' portfolios with the rubric that has the criteria of rating scales on each information. At the third, students are observed in the class. Then the students are interviewed for the evaluation of their cognitive and non-cognitive characteristics. At the fourth, the identification committee makes a final decision for the selection of gifted students, after considering all the results from the steps. This model will be helpful to identify gifted students who are regarded to have potential abilities, especially economically disadvantaged students.

• Journal of Korea Society of Industrial Information Systems
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• v.17 no.6
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• pp.11-17
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• 2012

The HC-128 stram cipher which selected for the final eSTREAM portfolio is suitable for mobile Ad-Hoc network environments because of the ability of high-speed encryption in restricted memory space. In this paper, we analyzed the vulnerability of side channel analysis attack on HC-128 stream cipher. At the first, we explain a flaw of previous theoretical analysis result which defined the complexity of side-channel attack of HC-128 stream cipher as 'low' and then re-evaluate the security against side-channel attack by estimating the concrete complexity for recovering the secret key. As a result, HC-128 stream cipher is relatively secure against side-channel attack since recovering the secret key have $2^{65}$ computation complexity which is higher than other stream cipher's one.

• Korean Journal of Construction Engineering and Management
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• v.14 no.4
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• pp.152-163
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• 2013

In this research, we analyse the economic feasibility of a tidal power plant project which can efficiently generate mass, permanent, predictable, and homogeneous electric power. For the economic feasibility analysis, we used the RETScreen that is developed at the CANMET Energy Technology Center in Natural Resources Canada and widely utilized for analysing the economic feasibility and sensitivity of clean energy projects. Results from the feasibility and sensitivity analysis showd that the tidal power plant project in Korea has a enough economic feasibility, and its feasibility increases more as certified emission reductions price and electricity unit price increase. Based on the results from the feasibility study, we can solve the energy problems to be come in near future by constructing the tidal power plants in Korea more aggressively.

• The Journal of Society for e-Business Studies
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• v.25 no.4
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• pp.125-141
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• 2020

Recent Studies emphasize the effect of investors attention, recognition and sentiment on the trading behavior of retail investors and stock price variation. In this study, we use Naver Trend to measure investors'attention and investigate the relation between investor attention and price synchronicity, total risk and systematic risk of stocks. Using various research methodologies such as portfolio analysis, fixed effect regression and dynamic panel analysis, we find consistent results. First, stock price synchronicity is increased with lager average search volume, but with less search variability. Second, both average search volume and its variability are positively related to total risk and beta of stocks. These results can be interpreted that search volume sharply increases only when stock-related event occurs.

• Proceedings of the Safety Management and Science Conference
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• 2005.05a
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• pp.379-392
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• 2005

The size of state in Korea is like Israel, this country's venture capital is ruled by government. This venture capital's character is below: the concentration on research of venturer affect positively at quality of products. This paper lies with venture capital's risk character & performance. The results show that Korean venture capitals have lager unsystematic risk than systematic risk, which implies they specialize in specific business and/or regional areas instead of diversification. The Sharpe & Jensen measures reveal that the performances of Korean venture capitals are very low relative to even the market portfolio(Kospi) and Kosdaq Venture Index. Contrary to this, Venture firm's performance according to Entrepreneurship will cause to push up stock price.

• 대한공업교육학회지
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• v.37 no.2
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• pp.127-146
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• 2012

The purpose of this study is to exploring the procedure of developing hands-on activity and provide the generalized development procedure adjusted for the technology subject. The research method for this study is mainly based on document and experience. exploration of hands-on activity and development procedure of hands-on activity given by preceded researchers and the common factor was derived from them. For the result of the study. first. the concept of experience and hands-on activity was examined and the procedure of developing hands-on activity in technology education was reviewed. Second. suggested 3 steps for the procedure of developing hands-on activity in technology education ; preparation. development. improvement and the detailed steps. Third. presented contents included for hands-on activity task materials. For the teachers. those are ; hands-on activity subject. readings before the class. object for the course class. main activity in class courses. material. tools and facility. design brief. reference data. score sheet. detailed class process. For the students. those are; subject for class. matters to be attended to. portfolio and etc.

• The Journal of Korean Association of Computer Education
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• v.5 no.1
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• pp.85-98
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• 2002

In this study, We are developed learner traits analysis and profile management software modules to develop learnable courseware fits to learner's individual traits in cyber learning system. We specified learner's personal information, performance information, preference information and portfolio information as learner's traits variables in this study, these four types of information are managed in learner profile management DB based on elaborate analysis to learner's traits. And we consists of curriculum sequencing module using high and low level sequencing technology, these are used in organizing learning contents sequencing with learning topic and specific learning task. The advice algorithm module developed based on adaptive navigational support and rule based technology. This Result of Research are able to be used for develop learnable courseware fits to learner's individual traits in cyber learning systems.