• The Journal of the Convergence on Culture Technology
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• v.9 no.6
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• pp.257-262
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• 2023

As part of their marketing policy, some suppliers allow retailers a period of credit in anticipation of increasing demand for the products they supply. The opportunity to defer payments on products through credit transactions has the effect of reducing retailers' inventory investment costs, and as a result, retailers determine selling prices in anticipation of increased demand from buyers. This study aims to analyze the inventory model that determines the retailer's selling price and EOQ(Economic Order Quantity) under the assumption that the buyer's demand is an exponentially decreasing function of the retailer's selling price in the credit transaction supply chain consisting of suppliers, retailers, and buyers. The products supplied for problem analysis include the case of deteriorating products that deteriorate over time, and the effect of the credit transaction period, the index of price elasticity and the degree of deterioration on the retailer's selling price and EOQ is analyzed.

• The Journal of the Korea Contents Association
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• v.21 no.6
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• pp.552-560
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• 2021

With the recent development of the art distribution system, interest in art investment is increasing rather than seeing art as an object of aesthetic utility. Unlike stocks and bonds, the price of artworks has a heterogeneous characteristic that is determined by reflecting both objective and subjective factors, so the uncertainty in price prediction is high. In this study, we used LSTM Recurrent Neural Network deep learning model to predict the auction winning price by inputting the artist, physical and sales charateristics of the Korean artist. According to the result, the RMSE value, which explains the difference between the predicted and actual price by model, was 0.064. Painter Lee Dae Won had the highest predictive power, and Lee Joong Seop had the lowest. The results suggest the art market becomes more active as investment goods and demand for auction winning price increases.

• Journal of Korean Society of Transportation
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• v.9 no.2
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• pp.87-100
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• 1991

1960년 초부터 토지이용과 교통의 상관관계를 계량적으로 설명하고자 하는 연구가 진행되어 왔다. 이러한 연구는 경제이론을 배경으로 하여 개발된 McKinnon-Type 모형과 Mills-Type 모형, 그리고 경제학이 반영되어있지 않은 Lowry-Type 모형으로 크게 대별할 수 있다. 이제까지의 이러한 연구는 각 가정의 주거입지선정과 직장선정에 있어서 취향의 다양성(taste heterogeneity)을 고려하여 있지않고 있어 본 연구에서는 로짓모형을 이용하여 Alonso(1964) 모형을 더욱 발전시켜 토지이용-교통의 일반균형 모형(general equilibrium model)을 개발하였다. 이 통계적 토지이용-교통모형은 완전 경쟁하의 일반균형상태에서 주택임대료, 노동력임금, 상품가격이 내생적으로 산출되어지며, 동시에 효율적인 교통체계하에서 일반균형상태의 생산량과 생산부지 그리고 주거수와 주거부지가 어떻게 분배되는지를 내생적으로 결정한다. 이논문에서 효율적인 교통체계라함은 해당 죤에서 도로에 사용된 토지의 임대료가 교통체증비용의 전통행량에 대한 합과 동일하도록 하는 최적교통체증정도(optimal congestion level)을 유지할 수 있는 도로체계를 뜻한다. 또한 비효율적 교통체계하에서는 토지 이용에 왜곡이 생겨서 전체적 비용의 상승으로 각 국민 혹은 각 주민이 생활에서 얻을 수 있는 효용가치가 떨어짐을 분석할 수도 있다.

• Environmental and Resource Economics Review
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• v.5 no.1
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• pp.1-39
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• 1995

본 연구는 에너지정책을 종합적 차원에서 일반경제정책과 병행하여 정량적으로 분석할 수 있는 수리모형 (numerical multi-sector general equilibrium model)을 개발하기 위하여 시도되었다. 모형은 크게 (i) 가격/기술변화 반응적인 투입-산출계수를 내생화한 "산업간 거래모형 (inter-industry production model)", (ii) 민간에 의한 최종부문 수요를 나다내는 "소비자 선택모형 (consumer choices model)", 그리고 (iii) 생산물시장과 본원적 투입요소시장, 수출입시장 등에서 민간기업 정부 및 해외라는 개별 경제주체간의 행태를 반영하는 "거시경제 (성장) 모형 (macro-econometric growth model)"으로 구성되어 있다. 이러한 방법은 분석경제를 충분히 세분하고 제(諸)경제변수들의 동시결정적 과정을 중시한 일반균형적 /부문적 접근방법 (general equilibrium/sectoral approaches)을 취함으로써 지금까지 단순한 거시경제모형(aggregate macroeconomic models)이나 전통적 산업연관모형 (static input-output models)에만 의존해 오던 경제예측이나 경제 및 에너지관련 정책의 효과분석이 한층 더 강화될 수 있을 것으로 기대된다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.3
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• pp.376-381
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• 2018

The purpose of this study is to investigate price transmissions between wholesale and retail markets regarding Jeju tangerines by employing co-integration analysis and vector error correction model. The results of this study are summarized as follows: First, the long-run equilibrium relationship was found among wholesale and retail markets in time series for level by distribution channel. Second, a short-run causality relationship was observed between wholesale and retail markets. Third, the long-run causality relationship between wholesale market and retail markets was found bidirectional and feedback effect. These results imply that the wholesale price performs a central role in establishing price in the tangerine market, and the wholesale market influences tangerine price. In conclusion, for the development of a competitive tangerine industry, it is necessary to aggressively promote the policy of supply and demand control of tangerine production through organizing producers.

• The Journal of Society for e-Business Studies
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• v.16 no.3
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• pp.191-209
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• 2011

In a buyer-seller transaction process, 'value for money,' a measure of quality-price-ratio, is one of the most important criteria for buyers' purchasing decisions. The purpose of this paper is to suggest a method which helps online shoppers choose the best of several sellers offering homogeneous goods. We suggest FDH (free disposal hull) model, an applied model of data envelopment analysis (DEA), for online buyer-seller transactions and verify it with the data from an Internet comparison shopping site. For this purpose, we analyze consumer choice behaviors by examining how consumers respond to different sale conditions such as price, brand, or delivery time. Then, we implement a seller recommendation system to support buyers' purchasing decisions. We expect our FDH model to provide valuable information for rational buyers who want to pay the least price for high quality products/services and to be used in implementing automated evaluation processes in micro transactions. Moreover, we expect that our results can be utilized for sellers' benchmarking strategies which help sellers be more competitive by showing them how to attract buyers.

• Korean Journal of Construction Engineering and Management
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• v.16 no.1
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• pp.74-81
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• 2015

As one of urban infrastructure system, the electricity substation is critical for urban life and industrial activity as the electricity demands get higher than ever. However the substation is generally regarded as unpleasant or dangerous facility, which finally results in the continuous opposition movement by resident due to the belief of unidentified negative effect in apartment prices. Accordingly, as the scientifically objective and quantitative analysis is required to solve the social conflict, this study intends to examine the variation affected by urban infrastructure system, expecially for substation. After the independent variable defining the price of apartment and the dependent variable, which is apartment price, are identified and their spatial data has been filed, the forecasting model has been developed through the hedonic price function as well as artificial neural networks system. The research finding indicated that the spatial range affected by substation is not notable and the range of some case was applicable for less than 600m. It is expected that these research findings can be applied for establishing the one of solid cases for the analysis of economical effect to local housing market by the urban infrastructure system.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2000.10a
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• pp.134-137
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• 2000

인터넷의 확산에 따라 제조업체가 인터넷을 활용한 판매를 시도하는 경우, 각 제조업체는 웹 스토어를 자체적으로 구축하거나 전문 전자상거래 웹 스토어를 임대할 수 있다. 본 연구에서는 이러한 채널선정에 관한 의사결정을 위해서 경쟁관계에 있는 타 제조업체와의 경쟁정도와 그의 전략을 고려하여 수익을 최대화할 수 있는 게임모형에 대해 분석한다. 이를 위해, 본 연구에서는 제품간 경쟁에 따른 가격인하의 효과를 설명하기 위해 경쟁제품과의 가격차이와 판매주체의 웹 인지도를 명시적으로 반영한 새로운 선형수요함수를 제안한다. 이를 바탕으로 복점시장에서 발생 가능한 세 가지 채널 경쟁 게임모형을 제시하고 채널선정 문제에 대한 Nash 균형해를 제시한다. 예제를 통해서 제안한 수요함수의 유용성과 경쟁의 정도와 웹 인지도가 채널선정 문제에 미치는 영향을 분석한다.

• Environmental and Resource Economics Review
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• v.31 no.3
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• pp.393-417
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• 2022

Using hourly SMP data from 2016 to 2020, this paper measures the weekly realized volatility and investigates the main force of its determinants. To this end, we extend the Bayesian variable selection by incorporating the regime-switching model which identifies important variables among a large number of predictors by regimes. We find that the increase in coal and nuclear generation, as well as solar power, reinforce the SMP volatility in both high volatility and low volatility regime. In contrast the increase in gas generation and gas price decrease SMP volatility when SMP volatility is high. These results suggest that the expansion of renewable energy according to 2050 Carbon Neutrality or energy transition policies increases SMP volatility but the increase in the gas generation or reduction of coal generation might offset its impact.

• Environmental and Resource Economics Review
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• v.20 no.3
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• pp.459-487
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• 2011

A/R CDM project has properties such as irreversibility and uncertainty that Real Option Analysis can be applied to its modelling. This study tries to model A/R CDM using Real Option under CER price uncertainty, and conducts empirical test with the Posco A/R CDM Project case. For precise comparison and decision-making, l-CER's expected present value is calculated from the Spot CER price. As a result, the critical value of the project is lower than the expected l-CER price, which means that the decision to invest made by the project owner is profitable. We can also find out that the level and the range of the discount rate, where is applied to, affect the result; the critical value of the project and the decision-making.