• Journal of the Korean Data and Information Science Society
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• v.23 no.2
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• pp.365-374
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• 2012

Weather derivatives designed to manage casual changes of weather, as opposed to catastrophic risks of weather, are relatively a new class of financial instruments. There are still many theoretical and practical challenges to the effective use of these instruments. The objective of this paper is to develop a pricing approach for valuing weather derivatives and presents a case study that is practical enough to be used by the risk managers of electrical utility firms. Utilizing daily average temperature data of Guangzhou, China from $1^{st}$ January 1978 to $31^{st}$ December 2010, this paper adopted a univariate time series model to describe weather behavior dynamics and calculates equilibrium prices for weather futures and options for an electrical utility firm in the region. The results imply that the risk premium is an important part of derivatives prices and the market price of risk affects option values much more than forward prices. It also demonstrates that weather innovation as well as weather risk management significantly affect the utility's financial outcomes.

• Journal of the Korean Society of Manufacturing Process Engineers
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• v.17 no.5
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• pp.155-160
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• 2018

The materials used for 3D printing are mainly plastic and metal. These materials are usually used in the powdered form. In order to improve the surface roughness of a manufactured product, these powders should consist of small uniform spherical particles. However, the powdered forms are sold at a considerably higher price than bulk or wired materials. When a wire-type material is used instead of a powder, we can supply a relatively large amount of the material at one time as well as reduce the cost. Moreover, the use of this form of the material will increase the process efficiency. This paper deals with the technology required to feed a wire material in front of the tool movement and discusses the examples used for the verification.

• Journal of the Korea Safety Management & Science
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• v.15 no.4
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• pp.323-330
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• 2013

The number of domestic smartphone users exceeded 30 million people, and the time in the future everyone will use a smartphone that will come with ago. Past purchase decisions, related research and product from the competition between the past case and the relevant literature for the smartphone market smartphone type to derive a purchase decision factors in the decision to purchase any difference between the factors. Literature and practices through performance, switching costs, product loyalty, design, brand, after-sales service, the price more than 7 variables were analyzed. One hundred people surveyed, respectively, did not obtain the response of a variety of ages and occupations, age of the sample used in the analysis of this study, and is concentrated as a student at the university of smartphones used to facilitate users analysis was done. We expect smartphone companies and related companies to be able to give guidelines for effective technology management.

• Proceedings of the Korean Society of Precision Engineering Conference
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• 1996.11a
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• pp.851-856
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• 1996

In this paper, we introduce the design method using CAE(Computer Aided Engineering) which is profitable in the compatability and standardization of the developed product, and the reduction of construction time and price to develop and design a machine equipment. Particularly, we select the standard model to design or develop from the large machinery to the super precision one, extract the peculiar characters of the model by the close analysis of the physical and technical part, the experiment for the characteristics of objective dimensions by analogical mathematical analysis for previous results, and can induce the design model demanded by user investigating optimal data in the design previous We present the analogical algorithms and process method of design factors and restriction factors in the systematization design with computer. Then we analyze step functions for each systematization equipment and induce the process of technical data with actuator model.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.94-99
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• 2011

EMU(Electric Multiple Unit) of Seoul Metro are equipped with air conditioning and six line flow fans for air circulation. In summer, the air conditioning and line flow fans usually work at the same time. Recently, high oil price leads more people to use public transportation, which in turn makes them feel hotter inside the rolling stocks and complain about air conditioning state. In order to improve indoor air quality in summer, it is inevitable to increase the cooling capacity of air conditioners, which costs a lot of money. Thus, we need to raise cooling efficiency by rearranging existing devices effectively. In this study, we found a better way to improve refreshment inside the trains by changing the operation method of line flow fans and door opening systems. The results will help improve the cooling efficiency of EMU in summer. Also, more precise experiments and analyses of our data can lead to various methods to increase energy efficiency.

• Journal of Electrical Engineering and Technology
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• v.13 no.6
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• pp.2236-2244
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• 2018

We make optimal consecutive offer curves for an energy storage system (ESS) integrated wind power producer (WPP) in the co-optimized day-ahead energy and regulation markets. We build the offer curves by solving multi-stage stochastic optimization (MSSO) problems based on the scenarios of pairs consisting of real-time price and wind power forecasts through the progressive hedging method (PHM). We also use the rolling horizon method (RHM) to build the consecutive offer curves for several hours in chronological order. We test the profitability of the offer curves by using the data sampled from the Iberian Peninsula. We show that the offer curves obtained by solving MSSO problems with the PHM and RHM have a higher profitability than offer curves obtained by solving deterministic problems.

• Korean Journal of Agricultural Science
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• v.22 no.2
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• pp.223-230
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• 1995

Agricultural land act was promulgated 1994, 12, 22. Now this is the time to evaluate present agricultural land related laws and its implications. Land problem is a conflict between private characteristics of ownership and public characteristics of utilization. Agricultural development aeras are the key areas where the conflict is intersected. Agricultural development aeras have many regulations to their use, so the price is relatively low. However to keep the food sufficiencies and public purposes, government have to keep agricultural development aeras. To compensate the owners of agricultural development aeras, I suggested some measures. One is direct payment to the owners of agricultural development aeras, the others are environmental subsidies.

• Journal of Korea Entertainment Industry Association
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• v.15 no.5
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• pp.115-128
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• 2021

The purpose of this study is to examine the importance and satisfaction perceived in the purchase of goods and the use of a court in badminton club members. The results will be used for basic data to increase club members and present the methods to activate badminton. The survey on goods, price, programs, facilities, staff, and publicity was conducted. The IPA matrix was applied for data processing. The following conclusions were drawn. First, as a result of analyzing the ranking of importance and satisfaction, the first place of importance was coach's professionalism of staff factors, followed by safety of facility factors and program contents and effects of program factors. The first place of satisfaction was cleanliness and management of facility factors, followed by coach's professionalism of staff factors and staff's kindness of staff factors. Second, as a result of the IPA matrix of importance and satisfaction, Quadrant I included appropriateness of training time and program contents and effect of program factors, parking size and cleanliness and management of facility factors, coach's professionalism and staff's service attitude of staff factors, and customer service and complaint resolution of publicity factors. Quadrant II showed appropriateness of price, value for money, and discount policy of price factors and materials and design of goods factors. Quadrant III included excellent customer service of goods of goods factors, various program construction of program factors, court location and accessibility, and various convenient facilities of facility factors, and various publicity and event programs, website construction, and various publicity strategies of publicity factors. Quadrant IV showed brand value of goods, awareness, and brand specialty of goods of goods factors.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2007.11a
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• pp.425-434
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• 2007

The sponsored search has become significant channel of online advertising, and the large sized advertisers have appeared, so the sponsored search strategy is becoming more important. Since CPC(Cost-per-Click) advertising has different price according to keyword, it is difficult to manage the a lot of keywords at one time. So, the purpose of this study is to investigate the factors which influence on the cost-per-click of sponsored search advertising. That is, there are four factors: impression, CTR(Click through Rate), conversion rate, and keyword's length. for the regression analysis, we use the actual data which is gotten from an ad agency. The result of that, the impression and keyword's length influence cost-per-click positively. However, CTR & conversion rate have no influence on it unexpectedly.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.989-993
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• 2007

It was intended in this study to seek for the measures to utilize the USN technique, which has high usability due to low price and low power consumption, in air quality monitoring. As a method, the sensors of temperature, humidity, particulate matters (PM10), and carbon dioxide ($CO_2$) were installed in the self-manufactured sensor nodes; the nodes were installed in the waiting rooms and platforms of a subway station and the measurements were collected at real time with use of a computer which micro gateway was built in. Collected data was to be processed by the statistics program installed in the computer; the collected data is to be used in managing the air quality of stations after transmission to the ventilation system of ventilation chambers.