• 산업경영시스템학회지
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• 제2권2호
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• pp.53-62
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• 1979

A widely accepted indicator of a project's economic potential is the internal rate of return (IRR). The primary objective of feasibility analysis for any project is to measure the economic potential for the project, normally defined as the expected return on capital investment. The analysis should be designed to determine whether a project is technically and economically sound, and under what conditions. Therefore, there are factors other than economic potential that must be taken into account in the reasonable composition of an investment program. These kinds of factors can be given proper consideration in project selection after the economic feasibility of alternative projects has been determined. The primary reason for having to choose among different projects is that capital resources are scare : the investment budget is limited. The case project, casting facilities investment project, treated in this paper were selected for their value in illustrating the methods of feasibility analysis. This case project an actual potential project and is analyzed on the basis of the best available data for the specific conditions for that project.

• 해양환경안전학회지
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• 제20권3호
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• pp.292-295
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• 2014

This paper proposes that the Marine Search & Rescue and Salvage Association of Korea (MARSA) can provide KCG a very positive return on investment; that is, MARSA will save lives and property well over the budget needed from KCG to operate MARSA. To perform this Cost-Benefit Analysis, actual performance data and other figures are taken from the USCG Auxiliary, and these figures are used to project expected possible MARSA results. In this paper, MARSA is projected to provide a 1,493 % return on investment.

• 농업과학연구
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• 제40권2호
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• pp.169-176
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• 2013

The price and revenue of rice are expected to decrease due to increasing rice imports, decreasing consumption and the discontinuance of the government's rice procurement. This degenerating profitability is leading to a rise in the cultivation of upland-crops such as beans, fodder crops and fruits in paddy fields. However, there is a lack of research on the selection of rice substitute crops which are adaptable to the relevant region through profitability analysis. This research, therefore, analyzed investment profitability of rice substitute crops for Cheorwon-gun area in Kangwon province. The study applied net present value (NPV) and internal rate of return (IRR), which fit for mutually exclusive investments that make one selection to the exclusion of other crops. Target crops are green house plants in Cheorwon-gun area. Financial analysis showed paprika and cucumber have investment feasibility for automated vinyl greenhouses and conventional plastic greenhouses respectively.

• Journal of electromagnetic engineering and science
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• 제12권2호
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• pp.171-175
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• 2012

In this work, a new microstrip-to-substrate integrated waveguide (SIW) transition using the parallel half-mode substrate integrated waveguide (HMSIW) is proposed. The proposed transition consists of three sections : a microstrip, parallel HMSIWs, and an SIW. By inserting the parallel HMSIWs section between the microstrip section and the SIW section, the proposed transition can improve the return loss characteristics of the near cut-off frequency because the HMSIWs section has a lower cut-off frequency than the SIW section (8.6 GHz). The lower cut-off frequency is achieved through gradual electromagnetic field mode changes for a low reflection. The measured return loss is less than 20 dB in the of 9.1~16.28 GHz freqeuncy range for the back-to-back transition. The measured insertion loss is within 1.6 dB for the back-to-back transition. The proposed transition is expected to play an important role in wideband SIW circuits fed by a microstrip.

• 경영과정보연구
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• 제33권5호
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• pp.249-260
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• 2014

본 연구는 우리나라의 코스닥시장을 대상으로 기업고유변동성과 주식수익률에 영향을 미치는 것으로 알려진 기업규모, 장부가/시장가, 주가순이익비율, 주가순자산비율, 주가현금흐름비율, 주가매출액비율, 거래회전율 등과 같은 기업특성변수들과 어떤 특징을 보이는 지를 우선적으로 알아보았다. 또한 실현범위변동성 및 기업고유변동성을 이용하여 주식에 투자할 경우 이들 변동성의 크기 따라 분류된 포트폴리오 간에 투자성과에 있어서 어떠한 차이를 보이는 지에 대해서도 살펴보았다. 분석결과에 따르면 기업고유변동성과 주가순이익비율, 주가순자산비율, 주가현금흐름비율, 주가매출액비율 거래회전율 등은 CAPM, FF-3요인 모형 둘 다 기업고유변동성이 높은 포트폴리오 일수록 기업특성변수들은 통계적으로 유의하게 높아지는 경향을 보였다. 즉, 기업고유변동성은 이들 기업특성변수들과 양(+)의 관계를 가지는 것으로 나타났다. 또한, 거래전략을 1/1/1, 즉, 포트폴리오 구성기간 1개월, 구성한 후 기다리는 기간을 1개월, 성과측정 기간 1개월로 정해서 실현범위변동성과 기업고유변동성이 주식의 기대수익률과 어떤 관계를 가지는 지에 대해 분석을 수행하였는데, 실현범위변동성과 기업고유변동성은 주식수익률과 체계적으로 양(+)의 관계를 가진다는 흥미로운 사실을 발견하였다.

• 대한인간공학회지
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• 제36권1호
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• pp.9-21
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• 2017

Objective: The objective of this study is to understand the effect of angle and curvature of push-return switches, which are external factors in the operation environment inside the cars, on the feel of operation and to propose optimum alternatives. Background: Customers' needs for products are changing from functional and performance aspects to customer-led type where customers can reflect on their needs on the products. The operation inside cars is executed by HMI. The push-return switch is utilized as the most intuitive mode of HMI; therefore, this push-return switch, which is widely used, has to be developed by assessing the preference and satisfaction of the customer. Method: The angle and curvatures, which are external factors that affect the feel of operation, are drawn through surveying the preceding research literatures. The stages to construct alternatives in experiments are as follows: (1) the tactile switch is replaced after dismantling the switch assembly to evaluate the internal characteristics proposed by preceding researches, (2) a drawing is prepared by using a design software, is printed using 3D printer, and then it is attached on the switch assembly, and (3) evaluation for satisfaction of operation is carried out by using a driving simulator. Results: Both the angle and curvature that are external factors of switch significantly affect the feel of operation. However, interaction between the two factors is found insignificant. Therefore, an optimum alternative is proposed considering the experimental outcomes. Conclusion: This study evaluates the satisfaction in operation that affects the feel of operation environment inside the cars. Based on the study results, a guideline for switch design in the center fascia is proposed. Application: This study is expected to be used as basic data for designing automotive switches, as well as switches in the industries similar with the operation environments of cars.

• 한국경영과학회지
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• 제38권4호
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• pp.35-52
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• 2013

Markowitz's portfolio selection model is used to construct an optimal portfolio which has minimum variance, while satisfying a minimum required expected return. The model uses estimators based on analysis of historical data to estimate the returns, standard deviations, and correlation coefficients of individual stocks being considered for investment. However, due to the inaccuracies involved in estimations, the true optimality of a portfolio constructed using the model is questionable. To investigate the effect of estimation inaccuracy on actual portfolio performance, we study the changes in a portfolio's realized return and standard deviation as the accuracy of the estimations for each stock's return, standard deviation, and correlation coefficient is increased. Furthermore, we empirically analyze the portfolio's performance by comparing it with the performance of active mutual funds that are being traded in the Korean stock market and the KOSPI benchmark index, in terms of portfolio returns, standard deviations of returns, and Sharpe ratios. Our results suggest that, among the three input parameters, the accuracy of the estimated returns of individual stocks has the largest effect on performance, while the accuracy of the estimates of the standard deviation of each stock's returns and the correlation coefficient between different stocks have smaller effects. In addition, it is shown that even a small increase in the accuracy of the estimated return of individual stocks improves the portfolio's performance substantially, suggesting that Markowitz's model can be more effectively applied in real-life investments with just an incremental effort to increase estimation accuracy.

• 농업과학연구
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• 제10권2호
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• pp.371-381
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• 1983

This study is aimed at identifying the economic effects of drainage improvement projects. The total area of poor drainage is equivalent to 170,000ha, 13% of the total area of paddy field in Korea. The development of poor drained paddy is an urgent problem considering the low rate of self-sufficiency of food grain and the limitation of farmer's income increase. Rapid development of Korean economy has brought labor shoriage in rural farming sector. Accordingly farm mechanization is an important agricultural policy to hike labor productivity and to save production costs of rice farming. The expected economic benefits of the drainage improvement project are derived from increasing land productivity, expanding double cropped area and farming the farm mechanization base in paddy fields. The economic and financial rate of return of the project are considered very important decision making criteria for project implementation by resource allocation. Therefore this study covered benefit and cost analysis of the sampled area, the estimated financial rate of returns in $Buy{\check{o}}$ and Jinsung are represented 15% and 51% respectively and the economic rate of returns in both project area are also showing 1% and 26% respectively. The rate of return of the projects has showed an outstanding variance according to the locational and natural characteristics of the project area. As showing the above economic rate of return, $Buy{\check{o}}$ is very low Jinsung is very high. But the financial rate of return of both projects are considered comparatively high. Cosequently, the drainage improvement projects should be promoted from the view point of farm income increase to make narrow the income gap between rural and urban incomes and farm mechanization to solve labor shortage in the rural area.

• 한국해안·해양공학회논문집
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• 제22권2호
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• pp.120-125
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• 2010

재현기간에 따른 설계파고 산정시 Gumbel 극치분포함수의 축척모수와 위치모수를 확률변수로 고려할 수 있는 Monte-Carlo 모의법을 제안하였다. 축척모수의 불확실성의 정도에 따라 설계파고의 불확실성의 정도가 결정되며 그 분포형태는 Gumbel 분포함수를 따른다. 또한 내용년수에 해당하는 최대 유의파고 분포특성을 이용하여 재현기간에 따른 설계파고를 산정하는 경우에 더 많은 불확실성이 포함된다. 한편 피복재의 파괴모드에 대한 신뢰성 해석을 수행하여 설계파고의 불확실성에 대한 영향을 검토하였다. 설계파고의 불확실성을 고려하는 방법에 따라 재현기간 50년 동안 5% 피해수준에 해당하는 파괴확률을 산정하여 비교하였다. 설계파고의 불확실성이 년 최대 유의파고자료의 불확실성과 같다고 가정하면 파괴확률이 넓은 범위에 걸쳐서 산정된다.

• 해양환경안전학회지
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• 제19권1호
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• pp.93-99
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• 2013

해양 수상 스포츠를 즐기는 국민은 1인당 국민소득 증대, 주 5일제 근무 등의 여가시간의 증대로 인하여 지속적으로 증가할 것으로 예상되지만, 이에 대한 안전 의식 및 장비의 발전 등은 걸음마 단계이다. 우리나라 해양 수상스포츠가 발전하고 선진스포츠로서 자리 매김하기 위해서는 정착화된 시스템으로 재원을 마련해야 한다. 이 재원을 이용하여 해양 수상스포츠의 안전을 확보하고, 국내 장비의 기술 개발에 투자한다면, 해양 수상스포츠는 보다 안전하고 즐거운 스포츠로서 국민들에게 다가갈 수 있을 것이다. 위와 같은 재원을 확보하기 위하여 해양 수상 스포츠 중 유일한 수익금이 발생하는 경정을 대상으로 조사 분석하였으며, 우리보다 60년 앞선 일본의 경정 수익금 환원방안 및 법적 구조를 비교 분석하여, 선박 등 진흥을 위한 전문기관 설립 및 재원확보를 위한 경륜경정법 분리 등과 같은 법적 개선 방안에 대하여 정책 제안을 하고자 한다.