Journal of Korean Society of Industrial and Systems Engineering (산업경영시스템학회지)

Society of Korea Industrial and System Engineering (한국산업경영시스템학회)
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Analysis of Influence of Monopoly Power on Optimal Export Level Using Genetic Algorithm

유전자 알고리즘을 이용한 수출기업 독점력이 최적수출생산량에 미치는 영향 분석

  • Song, Jeong-Seok (Department of International Trade, College of Social Sciences, Chung-Ang University) ;
  • Park, You-Jin (Department of Business Administration, College of Social Sciences, Chung-Ang University)
  • 송정석 (중앙대학교 상경학부 무역학과) ;
  • 박유진 (중앙대학교 상경학부 경영학과)
  • Published : 2009.06.30
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Abstract

This paper considers how the optimal export level is influenced by export risk, the degree of risk-averseness for exporting firms, and those firms' cost structure. In addition, export insurance is incorporated into some simple theoretical model to analyze the optimal export level. This paper applies genetic algorithm simulation to show that the exporting firms'risk-averseness do not affect the optimal export decision while export risk and cost function characteristic have relatively more significant effects on the optimal export level. Finally, our findings suggest that the most influential factor for the optimal export levels seems to be the monopoly power of exporting firms.

Keywords

References

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