• Korean Management Science Review
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• v.25 no.3
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• pp.1-12
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• 2008

The Swaption is one of the popular Interest rates derivatives. In spite of such a popularity, the swaption pricing formula is hard to derived within the theoretical consistency. Most of swaption pricing model are heavily depending on the simulation technique. We present a new class of swaption model based on the multi-factor HJM levy-mixture model. A key contribution of this paper is to provide a generalized swaption pricing formula encompassing many market stylize facts. We provide an approximated closed form solution of the swaption price using the Gram-Charlier expansion. Specifically, the solution form is similar to the market models, since our approximation is based on the Lognormal distribution. It can be directly compared with the traditional Black's formula when the size of third and fourth moments are not so large. The proposed extended levy model is also expected to be capable of producing the volatility smiles and skewness.

• Journal of the Korean Operations Research and Management Science Society
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• v.29 no.1
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• pp.87-99
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• 2004

In this paper, we have developed a technology-service relationship model which describes the diffusion process of a group of services and relevant technologies, and have applied the developed model to the prediction of the number of subscribers to the next generation mobile service. The technology-service relationship model developed in this paper incorporates the developing process of relevant technologies, a supply-side factor, into the diffusion process of specific services, while many diffusion models and multi-generation diffusion models in previous researches are mainly reflect the demand-side factors. So, the proposed model could effectively applied to the telecommunication services where the developing of the relevant technologies are very essential to the service Penetration. In our application, the Proposed model provides a competitive substitution between the next generation mobile service and the traditional mobile service.

• Transactions of Materials Processing
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• v.20 no.8
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• pp.548-554
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• 2011

A Finite Element (FE)-based model is proposed for predicting the roll force in an edger. The model is developed on the basis of the hypothetical mode of rolling and the least-squares regression analysis from the result of the FE approach. This model reflects the effect of process variables affected by the roll force, and has three dimensionless parameters, I.e., shape factor, reduction ratio and width-to-thickness ratio. The model prediction compared satisfactorily with experiment observations.

• Magazine of the Korean Society of Agricultural Engineers
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• v.45 no.4
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• pp.89-97
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• 2003

Using inference models developed for estimation of the parameters necessary to implement the Runoff Block of the Stormwater Management Model (SWMM), a number of alternative inference scenarios were developed to assess the influence of inference model complexity and structure on the calibration of the catchment modelling system. These inference models varied from the assumption of a spatially invariant value (catchment average) to spatially variable with each subcatchment having its own unique values. Fur-thermore, the influence of different measures of deviation between the recorded information and simulation predictions were considered. The results of these investigations indicate that the model performance is more influenced by model structure than complexity, and control parameter values are very much dependent on objective function selected as this factor was the most influential for both the initial estimates and the final results.

• Journal of Biosystems Engineering
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• v.20 no.2
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• pp.133-140
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• 1995

The model of Poisson's ratio of the fruits was developed on the basis that the cylindrical fruits specimen became the barrel shape when it was being compressed. The model of the corrected creep compliance of the fruits was developed under considering the developed model of Poisson's ratio. Both of the Poisson's ratio and the corrected creep compliance of the samples showed the nonlinear viscoelastic behavior. Those models were a similar form, but their coefficients of the model were different, and these behaviors of the samples were well described by the nonlinear model as a function of the initial stress and time. Effects of storage condition and period on the Poisson's ratio of the samples were investigated, and comparisons between the corrected and the uncorrected creep compliance of the samples were made.

• Proceedings of the Korea Database Society Conference
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• 2008.05a
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• pp.379-388
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• 2008

The internet GIS site what offered information one-sidedly by early enterpriser was changed to formation as produced and evaluate by users with paradigm of Web 2.0. We look around the existing universal evaluation model of web site and evaluation model of GIS site and propose new evaluate model of GIS site considering web 2.0. A reference point of evaluation model proposed though this study can proposal evaluation model of GIS 2.0 after develop this as a reference point of a evaluation model considering user participate rate.

• Journal of the Korean Society for Railway
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• v.10 no.4
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• pp.409-413
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• 2007

A dynamically scaled model of the catenary with a nominal scaling factor of 18.5:1 is designed and constructed. The motivation for developing such a model is the great difficulty of making accurate measurements on the full-scale catenary and the difficulty of making experimental modifications to it. The scaled model is designed to be dynamically equivalent to the full scale catenary with respect to the mass and elastic strength. The scaled model is partially verified by comparing linear vibration and wave characteristics with those predicted by the simulation study.

• Proceedings of the Korean Nuclear Society Conference
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• 1997.10a
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• pp.552-557
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• 1997

Based on the bubble coalescence adjacent to the heated wall as a flow structure for CHF condition, Chang and Lee developed a mechanistic critical heat flux (CHF) model for subcooled flow boiling. In this paper, improvements of Chang-Lee model are implemented with more solid theoretical bases for subcooled and low-quality flow boiling in tubes. Nedderman-Shearer's equations for the skin friction factor and universal velocity profile models are employed. Slip effect of movable bubbly layer is implemented to improve the predictability of low mass flow. Also, mechanistic subcooled flow boiling model is used to predict the flow quality and void fraction. The performance of the present model is verified using the KAIST CHF database of water in uniformly heated tubes. It is found that the present model can give a satisfactory agreement with experimental data within less than 9% RMS error.

• Journal of The Korean Society of Agricultural Engineers
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• v.49 no.1
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• pp.57-65
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• 2007

In Korea, most landslides occurr during the rainy season and have shallow failure planes parallel to the slope. For these types of rainfall-induced failures, the most important factor triggering slope unstability is decrease in the matric suction of unsaturated soils with increasing saturation depth by rainfall infiltration. For this reason, estimation of cumulative infiltration has a significance. In this study, infiltration rate and cumulative infiltration are estimated by using both Mein & Larson model based on Green-Ampt infiltration model and using modified Mein & Larson model to which unsteady rainfall is applied. According to the results, the modified model is more reasonable than Mein & Larson method itself in estimation of infiltration rate and saturation depth because of considering real pending condition.

• Proceedings of the Korea Society for Simulation Conference
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• 2000.11a
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• pp.34-40
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• 2000

통합 생산시스템의 성능평가문제는 많은 요소들이 고려되어야하며 수리모델을 위하여 많은 가정사항들이 주어진다. 실제 제생산시스템의 운영환경을 고려한 성능평가를 위하여 Simulation Model들이 많이 연구되어 오고있으나, 실제 활용의 용이성 및 관련 data 및 출력의 이해가 실무자들에게는 매우 어려운 문제로 남아 있다 본 연구에서는 사용자의 요구 수준과 System의 환경 여건에 따른 각종 Simulation Model들을 비교 조사 연구하여 수요자의 요구와 System의 특성에 적절한 방법을 활용할 수 있도록 하였다. 본 연구에 다음과 같은 Simulation Model들을 비교 연구하였다 : 1) CAN-WIP Model, 2) RAM-Cost Model, 3) FACTOR/AIM 응용, 및 4) AutoMod의 응용, 본 연구에 고려된 Simulation Model들의 관련 응용 Program을 개발하고 Sample 예제를 통하여 결과를 비교 분석하였다.