• Title/Summary/Keyword: 2-competition number

Search Result 266, Processing Time 0.03 seconds

Discriminating Bidders Can Improve Efficiency in Auction (주파수경매의 효율성 향상방안 : 배분적 외부성이 존재하는 경우를 중심으로)

  • Yang, Yong Hyeon
    • KDI Journal of Economic Policy
    • /
    • v.36 no.4
    • /
    • pp.1-32
    • /
    • 2014
  • Auction is widely used in allocation and procurement of resources due to its desirable properties: efficiency and revenue maximization. It is well-known, however, that auction may fail to achieve efficiency when allocative externalities exist. Such a result may happen in the auction of the resources that are very scarce, for example, radio spectrum. This is because allocation of the resources has effects on competition of the firms in the aftermarket, and thus a firm that utilizes the resources less efficiently may make a higher bid to lessen competition. This paper shows first that efficient allocation may not be achieved by auction even when the number of bidders is 2, while it is shown in the literature that auction may result in inefficient allocation when the number of bidders is greater than or equal to 3. There exist 2 firms, who make a bid to win the scarce resources that increase the value or decrease the production cost of their own product. After the auction ends, the firms engage in Bertrand competition on the Hotelling line. Inefficient allocation may happen even under the second-price auction rule, and it happens only when the firms are different in the initial value or the initial cost of their products as well as in the value of the auctioned resources. The firm who has been the leader loses a large portion of the market if it fails to win the auction, and thus makes a high bid even when the other firm can use the resources more efficiently. Allocative efficiency Pareto improves when the smaller firm's bid counts more than the leader's bid. This paper suggests a modified rule that the smaller firm wins the auction when its bid multiplied by some constant is greater than the leader's bid. The multiplier can be calculated from the market shares. It is equal to 1 when the two firms are the same, and is increasing in the leader's market share. Allocation is efficient in a strictly larger set of parameters under the modified rule than under the standard second-price auction rule.

  • PDF

A Review on the Relationship of Ergonomics and Industrial Hygiene

  • Park, Hee-Sok
    • Journal of the Ergonomics Society of Korea
    • /
    • v.31 no.2
    • /
    • pp.407-411
    • /
    • 2012
  • Objective: The objective of this paper is to examine the scope of ergonomics in relation to the discipline of industrial hygiene. Background: There has been increasing recognition of the importance of ergonomics in the practice of industrial hygiene. As a result, quite a number of ergonomics-related research articles have been published in major industrial hygiene journals. And the professional engineers in industrial hygiene have conducted ergonomics-related activities. Method: This paper reports the results from the literature review of the ergonomics papers published in major industrial hygiene journals for the last 5 years, and the certification of industrial hygiene and ergonomics. Results: It was found that 7.7~13% of the total published papers were about ergonomics, and the number of the professional engineers in industrial hygiene is almost double of that of ergonomics. Conclusion: It should be understood that the work of ergonomic is complementary to industrial hygiene and not in competition with it. Application: Some suggestions were proposed hopefully helpful to colleague ergonomists for future research.

A Study on Key Factors Influencing Customers' Ratings of Restaurants by Using Data Mining Method (데이터 마이닝을 활용한 외식업체의 평점에 영향을 미치는 선행 요인)

  • Kim, Seon Ju;Kim, Byoung Soo
    • The Journal of Information Systems
    • /
    • v.31 no.2
    • /
    • pp.1-18
    • /
    • 2022
  • Purpose Customer review is a major factor in choosing certain restaurants. This study investigates the key factors affecting customer's evaluation about restaurants. With the recent intensification of competition among restaurants in the service industry, the analysis results are expected to provide in-depth insights for enhancing customer experiences. Design/methodology/approach We collected information and reviews provided at the restaurants in the Kakao Map platform. The information collected is based on the information of 3,785 restaurants in Daegu registered on Kakao Map. Based on the information collected, seven independent variables, including number of rating registered, number of reviews, presence or absence of safe restaurants, presence or absence of a posting about holding facilities, presence or absence of a posting about business hours, presence or absence of a posting about hashtags, and presence or absence of break times, were used. Dependent variable is restaurant rating. Multiple regression between independent variables and restaurant rating was carried out. Findings The results of the study confirmed that number of rating registered, presence or absence of a posting about business hours, and presence or absence of a posting about hash tags have an positive effects on the restaurant rating. The number of reviews had a negative effect on the restaurant rating. In addition, in order to confirm the role of customer's reviews, we carried out LDA topic modeling. We divided the topics into the positive review and the negative reviews.

On the Application of Gamification Elements in Libraries

  • Seong-Kwan Lim
    • Journal of Information Science Theory and Practice
    • /
    • v.11 no.2
    • /
    • pp.1-11
    • /
    • 2023
  • Libraries are still conservative in their approach or practice of providing various services for the unspecified majority of visitors attending these institutions. It is very apparent that libraries are not actively trying to increase the interest and participation of users by applying the various angles or elements associated with gamification. By its very nature, gamification is the application of game-playing elements such as point scoring, peer competition, team work, score tables, and such used to motivate participants and make them more engaged with the subject matter. In areas such as education, marketing, and exercise, the implementation of gamification techniques is actively taking place in order to maximum participation by taking advantage of uncertainties or the competitive nature that many people have with the setting of goals. In this study, four libraries that have applied gamification are analyzed to understand how and to what degree gamification has been applied. Broken down into four different elements, this includes: Point, Reward, Leaderboards & Competition, Self-expression & Achievement. By focusing on the results of this analysis, gamification measures that can be applied to other libraries are specifically proposed. The overall results of this study will provide useful guidance and potential plans for libraries seeking to increase the number of users by using gamification to increase user participation and/or satisfaction with additional library services.

Weed Emergence and It's Competition in the Differently Cropped Paddy Fields in Southern Districts (남부(南部)논에서의 수도작기변동(水稻作期變動)에 따른 잡초발생(雜草發生) 및 경합특성(競合特性)에 연구(硏究))

  • Heo, S.M.;Guh, J.O.
    • Korean Journal of Weed Science
    • /
    • v.5 no.1
    • /
    • pp.24-34
    • /
    • 1985
  • To estimate the fundamental situation of weed emergence and it's competition to paddy rice (critical competition period and threshold level) in the southern paddy area in Korea, two rice cultivars (Pungsanbyo and Tongjinbyo) under two cropping periods (Mono- and After-barley-cropping) were experimented. As a result, the dominant weed species (Monochoria vaginalis and Scirpus juncoides Roxb.) and the better emerging conditions (rather at the monocropping and cv. Punsanbyo) were identified. Also, the main components of yield decrease (25-55% of the weed-free check) of both cultivars as affected by weed competition were the number of spikelets, panicle and ripening rate in monocropping, and the ripening rate and grain weight in after-barley-cropping, respectively. Under the situation of combinated dominance with Monochoria v. and Scirpus j. among others, the duration of critical competition periods was enlarged.

  • PDF

A Study on the Development of Dynamic Models under Inter Port Competition (항만의 경쟁상황을 고려한 동적모형 개발에 관한 연구)

  • 여기태;이철영
    • Journal of the Korean Institute of Navigation
    • /
    • v.23 no.1
    • /
    • pp.75-84
    • /
    • 1999
  • Although many studies on modelling of port competitive situation have been conducted, both theoretical frame and methodology are still very weak. In this study, therefore, a new algorithm called ESD (Extensional System Dynamics) for the evaluation of port competition was presented, and applied to simulate port systems in northeast asia. The detailed objectives of this paper are to develop Unit fort Model by using SD(System Dynamics) method; to develop Competitive Port Model by ESD method; to perform sensitivity analysis by altering parameters, and to propose port development strategies. For these the algorithm for the evaluation of part's competition was developed in two steps. Firstly, SD method was adopted to develop the Unit Port models, and secondly HFP(Hierarchical Fuzzy Process) method was introduced to expand previous SD method. The proposed models were then developed and applied to the five ports - Pusan, Kobe, Yokohama, Kaoshiung, Keelung - with real data on each ports, and several findings were derived. Firstly, the extraction of factors for Unit Port was accomplished by consultation of experts such as research worker, professor, research fellows related to harbor, and expert group, and finally, five factor groups - location, facility, service, cargo volumes, and port charge - were obtained. Secondly, system's structure consisting of feedback loop was found easily by location of representative and detailed factors on keyword network of STGB map. Using these keyword network, feedback loop was found. Thirdly, for the target year of 2003, the simulation for Pusan port revealed that liner's number would be increased from 829 ships to 1,450 ships and container cargo volumes increased from 4.56 million TEU to 7.74 million TEU. It also revealed that because of increased liners and container cargo volumes, length of berth should be expanded from 2,162m to 4,729m. This berth expansion was resulted in the decrease of congested ship's number from 97 to 11. It was also found that port's charge had a fluctuation. Results of simulation for Kobe, Yokohama, Kaoshiung, Keelung in northeast asia were also acquired. Finally, the inter port competition models developed by ESB method were used to simulate container cargo volumes for Pusan port. The results revealed that under competitive situation container cargo volume was smaller than non-competitive situation, which means Pusan port is lack of competitive power to other ports. Developed models in this study were then applied to estimate change of container cargo volumes in competitive relation by altering several parameters. And, the results were found to be very helpful for port mangers who are in charge of planning of port development.

  • PDF

Analysis of Korea Earth Science Olympiad Items for the Enhancement of Item Quality (한국 지구과학 올림피아드 문항 분석을 통한 문항의 질 향상 방안)

  • Lee Ki-Young;Kim Chan-Jong
    • Journal of the Korean earth science society
    • /
    • v.26 no.6
    • /
    • pp.511-523
    • /
    • 2005
  • The purpose of this study is to analyze the 1st and 2nd Korea Earth Science Olympiad (KESO) items, in order to find informations to enhance item quality. To do this, internal and external item classification frameworks are developed. Item difficulty (P), discrimination index (DI), correlation, and reliability are estimated by using classical test theory. Generalizability is also estimated by applying the generalizability theory. The results of item classification are as follows: (1) ‘Geology’, ‘astronomy’ and ‘data analysis and interpretation’ are dominant in content and inquiry process domain, respectively. Nearly every item has textbook context. (2) There is no difference between the preliminary and final tests in terms of their thinking skills sections. (3) As a whole, the ratio of items with pictures is high in item representation. However, multiple-choice and short answer items are more common in preliminary competition, and essay type items are found more often in final competition. The ratio of simple items is high in middle school section and preliminary competition, but composite items are dominant in high school section and final competition. The findings of item analysis are as follows: (1) In the middle school section, P is low and DI is moderate. But in the high school section, there is a considerable differences between science high schools and other high schools in general. (2) The highest correlation is reported between the scores of meteorology domain and total score in middle school, whereas in high school astronomy domain and total score show the highest correlation. (3) General high school section show the highest Cronbach $\alpha$ and generalizability. (4) General high school section show acceptable generalizability coefficient (> 0.80), but middle and science high school section should increase the number of items to reach acceptable generalizability level.

A Study on the New Trend of The Consumption District Cold Storage Warehouse Industry in Japan - Focused on Japan Capital region - (일본 소비지 냉동냉장창고의 새로운 움직임 -수도권 냉동냉장창고를 중심으로 -)

  • Chang Hong-Seock
    • The Journal of Fisheries Business Administration
    • /
    • v.37 no.2 s.71
    • /
    • pp.111-139
    • /
    • 2006
  • Cold storage warehouse industry in Japan has been extended in its scale in terms of both the number of storages and cold storage capacity in order to meet the extended reproduction of the marine products industry. However, increasing total amount of the stored goods since mid 80s led to relative decrease of marine products while the number of storages was remained the same or decreased, though cold storage capacity was gradually increased and is maintained the increase of the average cold storage capacity. As structural change in the cold storage warehouse industry emerges, cold storage warehouses require new approach to individual storage management with 1)diversity of the stored goods; 2) more competition due to increase of the cold storage capacity; and 3) sizing of the average cold storage capacity. Therefore, this study analyzed how cold storage warehouse management activity with individual storage sizing changes; and significance of sizing and functional change in cold storage warehouses experiencing sizing, by observing leading cold storage warehouse industry of the metropolitan area in Japan. In conclusion, reorganization of cold storage warehouse industry in the metropolitan area in Japan can be summarized as follows: First, competition among cold storage warehouses in the metropolitan area in Japan is not simply limited to storage industry but extended to establishment and securing physical distribution function. Second, since cold storage warehouse industry is in Scrap & Build phase, decision of management executives on whether taking direction to maintain/continue enhancement of physical distribution function may cause drastic reorganization in the cold storage warehouse industry, Third, since profit of physical distribution management based on cold storage warehouses is insignificant, it is not easy to accomplish expected management outcome, Fourth, today's cold storage warehouse industry mainly characterized by diversity of the stored goods needs facility reorganization with comprehensive and functional integration covering from F class cold storage capacity to F&C class.

  • PDF

Two-Sided Market and Entry (양면시장에서의 진입가능성 연구)

  • Jang, Dae-Cheol;Jeong, Yeong-Jo;An, Byeong-Hun
    • Proceedings of the Korean Operations and Management Science Society Conference
    • /
    • 2006.11a
    • /
    • pp.437-452
    • /
    • 2006
  • Previous research on two-sided markets has, for the most part, concentrated on indirect network externalities between buyers and sellers. This paper considers direct competition effect among sellers and among buyers as well as indirect network externalities. We develop an analytic model of C2C e-marketplaces and examine whether a monopolistic incumbent could successfully deter new entry into its market. We find that the effect of the number of sellers or buyers on the price of goods depends on whether sellers have decided to sell the goods using an auction or fixed pricing rule and on the characteristics of the goods. We argue that when the effect of the number of sellers on the price of goods is significantly larger than that of buyers, there is a high possibility of entry. In particular, we show that entry becomes more difficult to deter as fixed-price format is adopted more frequently or the proportion of collectables is relatively low.

  • PDF

Study on Competition Ecology of a Perennial Weed Sagittaria pygmaea Miquel in Paddy Field (논 다년생잡초(多年生雜草) 올미의 경합생태(競合生態)에 관한 연구(硏究))

  • Lee, H.K.;Guh, J.O.
    • Korean Journal of Weed Science
    • /
    • v.2 no.2
    • /
    • pp.114-121
    • /
    • 1982
  • Sagittaria pygmaea Miquel is widely infested and is the most dominant perennial weed in paddy field in Korea. This study was carried out in order to clarify the factors influencing tuber production and the competition ecology. The tuberization capacity in the paddy field transplanted with the small seedlings of rice was higher than in the paddy field transplanted with the vigor seedlings of rice. The stage which rice plants were most damaged by S. pygmaea plants was the period from 31 to 37 days after transplanting. According to the increasing of Eleocharis acicularis Roem. in the condition of rice cultivation, the number of S. pygmaea plants was remarkably reduced. Small size tubers planted within deep soil produced less tubers than large size tubers did. The number of plants and tubers were remarkably increased under the high levels of fertilization. Phosphorus was essential as well as nitrogen for tuberization. And the tuberization capapcity was different with the organic matter content in soil and with the soil moisture.

  • PDF