• Journal of Ocean Engineering and Technology
• /
• v.13 no.4 s.35
• /
• pp.143-150
• /
• 1999

Multipurpose fisheries base was conceptually designed to establish marine ranching system in the coastal waters around Tongyoung, southern sea of Korea. Fisheries base for marine ranching system has integrated various facilities which were required for the process of spawning, rearing, training, releasing, monitoring and catching functions. This base has five steel piles for supporting upper structure and systems. Four steel piles are surrounded by circular net pen made by steel wire, they have the function of the protection against fouling for pile and scouring for bottom soil as well as secondary rearing and short stocking. We can use the last pile to moor a ship and access to the base. Principal structure with steel piles is designed by optimization technique considering design external forces in the coastal waters of return period of 50 years. Design optimization Problem is formulated for this base. Optimal design of multipurpose fisheries base is numerically investigated by sequential quadratic programming method.

• The Korean Journal of Applied Statistics
• /
• v.24 no.6
• /
• pp.1021-1031
• /
• 2011

Equity linked securities are indirect investments where the return of investment depends on the performance of the underlying equities. In this paper, we review the profit structure of typical equity linked securities through a profit diagram and investigate which characteristics of time series at the investment affect the early repayment of the stepdown ELS based on KOSPI 200 and HSI. We also compare VaRs using the empirical distribution function for risk management.

• The Korean Journal of Financial Studies
• /
• v.6 no.1
• /
• pp.289-312
• /
• 2000

This paper proposes a pricing model for IPOs which can reconcile the average underpricing phenomenon with the expected wealth maximizing behaviors of market participants. Under the usual informational asymmetry, the optimal offer price for best efforts IPOs is derived as a function of the uncertainty about market's valuation, the expected return on proposed projects and the size of offerings relative to the firm's market value. Depending on these firm-specific characteristics, best efforts IPOs can be underpriced, fairly priced, or overpriced. Introducing the investment banker as an outside information producer, the model is extended to provide empirical implications for pricing and underwriting contract choice decisions which are consistent with the existing empirical evidences. The model predicts that the issuers with greater uncertainty about market's valuation choose best efforts contract over firm commitment contract and the dispersion of initial returns would be greater for best efforts IPOs than for firm commitment IPOs.

• Journal of Korea Multimedia Society
• /
• v.22 no.12
• /
• pp.1396-1403
• /
• 2019

The radar wind profiler data contaminates with various non-atmospheric components that produce errors in moments and wind velocity estimations. This study implemented an adaptive Gaussian model to detect and remove the clutter from the radar return. This model includes DC filtering, ground clutter recognition, Gaussian fitting, and cost function to mitigate the clutter component. The adaptive model tested for the various types of clutter components and found that it is effective in clutter removal process. It is also applied for the both time series and spectrum datasets. The moments estimated using this method are compared with those derived using conventional DC-filtering clutter removal method. The comparisons show that the proposed method effectively removes the clutter and produce reliable moments.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2001.10a
• /
• pp.199-202
• /
• 2001

This article deals with stochastic reliability systems that include a repair facility and unreliable machines: the main facility of working and an auxiliary facility of "super-reserve" machines. The number of super-reserve machines are random number with a arbitrarily distribution and working machines break down exponentially. Defective machines line up for repair, whose durations are arbitrarily distributed. Refurbished machines return to the main facility. If the main facility is restored to its original quantity, the repair facility leaves on routine maintenance until all of super-reserve machines are exhausted. Then, the busy period is regenerated. The whole system also falls into the category of closed queues, with more options than those of basic models. The techniques include two-variate Markov and semi-regenerative processes, and a duality principle, to find the probability distribution of the number of intact machines. Explicit formulas obtained demonstrate a relatively effortless use of functionals of the main stochastic characteristics (such as expenses due to repair, maintenance, waiting, and rewards for higher reliability) and optimization of their objective function. Applications include computer networking, human resources, and manufacturing processes.

• Korean Management Science Review
• /
• v.20 no.2
• /
• pp.33-43
• /
• 2003

In this paper we applied dynamic programming to determining work schedule type. In dynamic programming formulation, each day during a planning horizon represents a stage for which a decision is made. The alternatives are given by work schedule types that combine regular time, overtime, additional shift, and so on. In this case, their associated return function is labor cost. The state is defined as the amount of work time allocated to stage 1, stage 2,…, and current stage. A case study for a real manufacturing company was performed to apply dynamic programming to scheduling daily work hours during a week. The case study showed that total cost of our solution derived from dynamic programming decreased by about 6％ as compared with the solution obtained from the previous method.

• Proceedings of the Korean Society of Agricultural Engineers Conference
• /
• 2002.10a
• /
• pp.373-376
• /
• 2002

It is reported that Korea is a county of water shortage. The government make plans to construct dam to cope with this problem. But, it become difficult to construct dam, because of public opinion of residents and objection of environmentalist. In the sense, the government set up new policy of demand-management which means water saving. It is known that the efficiency of agricultural water is so poor that the first target to save water is focussed on agricultural water. In the study, the function of agricultural water was evaluated and it is found that it is not a waste, but a good ability on eco-system by return flow.

• Bulletin of the Korean Mathematical Society
• /
• v.48 no.4
• /
• pp.737-757
• /
• 2011

This work is concerned with an optimal selling rule for a large position of stock in a market. Selling a large block of stock in a short period typically depresses the market, which would result in a poor filling price. In addition, the large selling intensity makes the regime more likely to be poor state in the market. In this paper, regime switching and depressing terms associated with selling intensity are considered on a set of geometric Brownian models to capture movements of underlying asset. We also consider the liquidation strategy to sell much smaller number of shares in a long period. The goal is to maximize the overall return under state constraints. The corresponding value function with the selling strategy is shown to be a unique viscosity solution to the associated HJB equations. Optimal liquidation rules are characterized by a finite difference method. A numerical example is given to illustrate the result.

• Proceedings of the KIPE Conference
• /
• 2004.07a
• /
• pp.82-86
• /
• 2004

In this paper, a cycler system for the Lithium-Polymer battery with the large capacity of 120Ah is presented. This system is constituted as the two units for the charging and discharging. The Lithium-Polymer battery should be charged in CC and CV mode, and it is required a very high precision control of the voltage and current for the charging unit. To decrease the switching noises and harmonics, parallel operation method is adopted and utilized in the power conversion module. The discharging unit has a link AC system function to return the discharging energy of battery to AC line and has comparatively less thermal loss. These units are designed to be controlled and monitored by personal computer. The total system for the battery charging and discharging is described and presented.

• 제어로봇시스템학회:학술대회논문집
• /
• 1993.10a
• /
• pp.161-167
• /
• 1993

This paper presents robustness properties of the Kalman Filter ad the associated LQG/LTR method for linear time-invariant systems having delays in both the state and output. A circle condition relating to the return difference matrix associated with the Kalman filter is derived. Using this circle condition, it is shown that the Kalman filter guarantees(1/2, .inf.) gain margin and .+-.60.deg. phase margin, which are the same as those for nondelay systems. However, it is shown that, even for minimum phase plants, the LQG/LTR method can not recover the target loop transfer function. Instead, an upper bound on the recovery error is obtained using an upper bound of the solution of the Kalman filter Riccati equations. Finally, some dual properties between output-delated system and input-delayed systems are exploited.