• Title/Summary/Keyword: double real option

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Valuation of Two-Stage Technology Investment Using Double Real Option (이중실물옵션을 활용한 단계별 기술투자 가치평가)

  • 성웅현
    • Journal of Korea Technology Innovation Society
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    • v.5 no.2
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    • pp.141-151
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    • 2002
  • Many technology investment projects can be considered as set of sequential options. A compound real option can be used for evaluating sequential technology investment decisions under significant uncertainty and measuring its value. In this paper, the formula developed by Geske and Johnson(1984) and Buraschi and Dumas(2001) was applied to evaluate the technology investment with related double real option. Also double real option was com-pared with net present value method and multiple linear regression model was used to assess the partial effects of risk free rate and log-term volatility on its value.

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Dynamic ontology construction algorithm from Wikipedia and its application toward real-time nation image analysis (국가이미지 분석을 위한 위키피디아 실시간 동적 온톨로지 구축 알고리즘 및 적용)

  • Lee, Youngwhan
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.4
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    • pp.979-991
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    • 2016
  • Measuring nation images was a challenging task when employing offline surveys was the only option. It was not only prohibitively expensive, but too much time-consuming and therefore unfitted to this rapidly changing world. Although demands for monitoring real-time nation images were ever-increasing, an affordable and reliable solution to measure nation images has not been available up to this date. The researcher in this study developed a semi-automatic ontology construction algorithm, named "double-crossing double keyword collection (or DCDKC)" to measure nation images from Wikipedia in real-time. The ontology, WikiOnto, can be used to reflect dynamic image changes. In this study, an instance of WikiOnto was constructed by applying the algorithm to the big-three exporting countries in East Asia, Korea, Japan, and China. Then, the numbers of page views for words in the instance of WikiOnto were counted. A collection of the counting for each country was compared to each other to inspect the possibility to use for dynamic nation images. As for the conclusion, the result shows how the images of the three countries have changed for the period the study was performed. It confirms that DCDKC can very well be used for a real-time nation-image monitoring system.

Precision Orbit Determination of the SAC-C Satellite Using the GPS Dual Frequency Measurement

  • Yoon, Jae-Cheol;Im, Jeong-Heum;Moon, Hong-Youl;Lee, Sang-Ryool;Lee, Byoung-Sun
    • Bulletin of the Korean Space Science Society
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    • 2003.10a
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    • pp.48-48
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    • 2003
  • A precision orbit determination (POD) system of low Earth orbiter using the GPS dual frequency measurements has been developed. It is an option of KOMPSAT-2 POD process system. In this research, the orbit determination using the real dual frequency carrier phase measurements of the SAC-C satellite was conducted to verify KOMPSAT-2 POD system reliability. The SAC-C satellite is an international cooperative mission between NASA, the Argentine Commission on Space Activities (CONAE), Centre National d'Etudes Spatiales (CNES or the French Space Agency), Instituto Nacional De Pesquisas Espaciais (Brazilian Space Agency), Danish Space Research Institute, and Agenzia Spaziale Italiana (Italian Space Agency). The SAC-C was launched at November 21, 2000. The altitude of SAC-C is 702 km and it carries a TurboRogue III GPS and four high gain antennas developed by the JPL. The receiver is able to generate the dual frequency code and carrier phase data. Double-differenced carrier phase measurements were formed using 25 IGS stations. The data were sampled at 30 seconds interval. Fully dynamic approach was adopted for POD. The POD results were compared with those of JPL using GOA n software. The comparison verifies that deci-meter level 3D position accuracy of low Earth orbiting satellite could be achieved. The POD system has been developed successfully.

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