• Title/Summary/Keyword: Competition Rate

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EVALUATION OF COST-TIME RELATIONSHIPS FOR CONTRACTORS PARTICIPATING IN COST-PLUS-TIME BIDDING

  • Saeed Abdollahi Sean Pour;Hyung Seok David Jeong
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.479-487
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    • 2013
  • State Highway Agencies (SHAs) have started utilizing cost-plus-time bidding (A+B bidding) since Federal Highway Agency (FHWA) declared it operational on May 4, 1995. Although this technique has successfully accelerated many projects by incorporating construction time in the bidding competition, a framework to illustrate the interactions of incentive/disincentive (I/D) rates on the competitiveness of contractors participating in the bid competition is yet to be developed. In a previous research, authors indicated that for each bid competition there is an efficient cap for I/D rates which are dictated by the capabilities of contractors in project acceleration. However, the results of previous study were based on the assumption that there is a statistically significant relationship between cost and time. In this study, the entire cost-plus-time projects implemented by the Oklahoma Department of Transportation (ODOT) were investigated. Then the significance of relationship between cost and time were analyzed for each contractor utilizing Analysis of Variance (ANOVA) technique, and the price-time function of each contractor was determined by regression analysis. The results of the analysis indicate that there is a significant relationship between cost and time for the majority of contractors. However, a quadratic relationship is not always significant and for some contractors a linear price-time relationship is significant. The results of this project can be used not only by ODOT to optimize the incentive/disincentive rates but also by contractors to determine the most competitive strategies of other bid participants.

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Competition - Ecological Classification of the Prominent Paddy Weed Species around Bulrush(Scirpus juncoides) (올챙고랭이(Scirpus juncoides)를 중심으로 한 주요(主要) 논 잡초종(雜草種)의 벼 경합생태적(競合生態的) 분류(分類))

  • Guh, J.O.;Heo, S.M.
    • Korean Journal of Weed Science
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    • v.5 no.2
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    • pp.96-102
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    • 1985
  • A study on the competition-ecological classification of the 10 prominent paddy weed species around bulrush (Scirpus juneoides) to simplify the weed problem concept for the rice production. A serial assessments on the competition ability in space and dry matter production(nutrient depletion) of respective weed species and paddy rice, and the data were used to compute the phenotypic similarity by Single Link Clustering method. Both growth response of weed species in mono- and under the paddy rice standing was very similar (r = 0.969), but the reduction rate as affected by paddy rice standing was negatively correlated with the ability in space-competition(r=-0.513). Dendrogram of 10 weed species based on the phenotypic similarity computed in 4 characters in mono- and under the paddy rice standing was also similar, as Echinochloa c., Ludwigia p., Cyperus s., and Scirpus m. in I-group, Eleocharis k., Scirpus j, in II-group, and Juncus e., Potamogeton d. in III-group, respectively. Also, that of paddy rice to 10 weed species showed Fimbristylis m., Scirpus j., Eleocharis k., Scirpus m., Juncus e. in I-group, and Ludwigia p., Potamogeton d., Monochoria v. in II-group, respectively. The integrated dendrogram by the above two data indicate the I-group with Fimbristylis m., Scirpus j., Eleocharis k. and Juncus e., as higher growth response with relatively lower competition ability to paddy rice, II-group with Cyperus s., Echinochloa c., Potamogeton d., and Ludwigia p., as higher both in growth and competition, and the last, III-group with Monochoria v., and Scirpus m., as lower growth but higher competition, respectively.

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Limited Cost-Based Competition and the Cost Distortion Factor - How Real Variable Costs are Reported in Cost-Base Pool of Korean Power Market - (원가기반 제한경쟁과 비용왜곡 요인 -변동비 반영 전력시장에서의 실제변동비 반영사례를 중심으로-)

  • Kim, Myung-Seok;Cho, Sung Bong
    • Environmental and Resource Economics Review
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    • v.23 no.3
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    • pp.497-513
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    • 2014
  • Rate-of-return regulation where a regulator compensates the utilities based upon the cost incurred the regulated companies have the incentive to over-report cost level. However, in case of cost-based competition where a regulator knows the cost of each plant involved and induce the competition among them, one can encounter prisoner's dilemma situation in the short run where the regulated firms under-report cost level. For instance, in case of cost-based pool, a generator may have a strategic behavior to keep its registered variable cost higher than the actual level to maintain its operation rate and generation amounts higher. Eventually, however, such behavior decrease the profitability of a generator and discourage new entry jeopardizing required level of capacity reserves. This is a typical Prisoner's Dilemma situation. The power market operating rule should be revised so that generators' registered variable cost reflect actual level of variable cost.

Measuring the Effects of the Uniform Settlement Rate Requirement in the International Telephone Industry

  • LEE, SUIL
    • KDI Journal of Economic Policy
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    • v.42 no.1
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    • pp.57-95
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    • 2020
  • As a case study of an ex-post evaluation of regulations, in this paper I evaluate the 'uniform settlement rate requirement', a regulation that was introduced in 1986 and that was applied to the international telephone market in the U.S. for more than 20 years. In a bilateral market between the U.S. and a foreign country, each U.S. firm and its foreign partner jointly provide international telephone service in both directions, compensating each other for terminating incoming calls to their respective countries. The per-minute compensation amount for providing the termination service, referred to as the settlement rate, is determined by a bargaining process involving the two firms. In principle, each U.S. firm could have a different settlement rate for the same foreign country. In 1986, however, the Federal Communications Commission introduced the Uniform Settlement Rate Requirement (USRR), which required all U.S. firms to pay the same settlement rate to a given foreign country. The USRR significantly affected the relative bargaining positions of the U.S. and foreign firms, thereby changing negotiated settlement rates. This paper identifies two main routes through which the settlement rates are changed by the implementation of the USRR: the Competition-Induced-Incentive Effect and the Most-Favored-Nation Effect. I then empirically evaluate the USRR by estimating a bargaining model and conducting counterfactual experiments aimed at measuring the size of the two effects of the USRR. The experiments show remarkably large impacts due to the USRR. Requiring a uniform settlement rate, for instance, results in an average 32.2 percent increase in the negotiated settlement rates and an overall 13.7 percent ($3.43 billion) decrease in the total surplus in the U.S. These results provide very strong evidence against the implementation of the USRR in the 1990s and early 2000s.

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
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    • v.5 no.1
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    • pp.24-34
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    • 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.

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A Dynamic Game of R & D Investment Under Technology Transfer (기술이전하에서의 연구개벌투자에 관한 동적게임)

  • 오형식
    • Journal of the Korean Operations Research and Management Science Society
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    • v.11 no.2
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    • pp.7-12
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    • 1986
  • The problem of strategic R & D investment is formulate as a differential game model and solved explicity for a special case. It is shown that, at equilibrium, an increase in the intensity of market competition or a decrease in the role of technology transfer results in an increase in the initial rate of investment by competing tfirms. The increased initial investment rate may enhance the rate of technology development. This dynamic model can be used to propose non cooperative R & D investment policies in technologically competitive situation.

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Evaluation on the Phosphate Uptake Rate of Green Algae under Diurnal Rhythm and Algae Control Method (일주기에 따른 녹조류의 인흡수율 및 조류제어방법 평가)

  • Jang Kam-Yong;Lim Kyoung-Mook;Noh Tae-Mok;Lee Hac-Su;Park Sung-Ha
    • Journal of Environmental Science International
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    • v.14 no.9
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    • pp.873-879
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    • 2005
  • This study was investigate to evaluate the phosphate uptake rate of green algae in relation to diurnal rhythm and algae control method. The phosphate uptake rates of Chlorella vulgaris and Ankistrodesmus convolutus increased in light period and decreased in dark period. On the contrary, those of Chlamydomonas sp. showed a peak in the late dark period. The differences among species in phosphate uptake in relation to diurnal rhythm were due to the severe competition among species and seemed to alleviate the competition for nutrient supplies. The compound of CellCaSi, Ca and Fe showed the effective removal of the phosphorus. The extracts from rice and barley straw exhibited a significant effect on the growth inhibition of Microcystis aeruginosa.

An Enhanced Max-Min Neural Network using a Fuzzy Control Method (퍼지 제어 기법을 이용한 개선된 Max-Min 신경망)

  • Kim, Kwang-Baek;Woo, Young-Woon
    • The Journal of the Korea institute of electronic communication sciences
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    • v.8 no.8
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    • pp.1195-1200
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    • 2013
  • In this paper, we proposed an enhanced Max-Min neural network by auto-tuning of learning rate using fuzzy control method. For the reduction of training time required in the competition stage, the method was proposed that arbitrates dynamically the learning rate by applying the numbers of the accuracy and the inaccuracy to the input of the fuzzy control system. The experiments using real concrete crack images showed that the enhanced Max-Min neural network was effective in the recognition of direction of the extracted cracks.

The Experimental Study of the Migration Phenomena of the Radioactive Elements : A Basic Study for the Radioactive Waste Disposal (방사성(放射性) 원소(元素)의 이동현상(移動現象)에 관(關)한 실험적(實驗的) 연구(硏究) : 방사성(放射性) 폐기물(廢棄物) 처리(處理)를 위한 기초연구(基礎硏究))

  • Kim, Oak Bae;Park, Hee Youl
    • Economic and Environmental Geology
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    • v.22 no.3
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    • pp.277-283
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    • 1989
  • For the study of attenuation phenomena of the radioactive elements in solution, the adsorption experiment of thorium, uranium, barium and strontium on kaolinite, gibbsite, quartz, granite and shale as a function of time, pH and the surface area was conducted under the competition condition each other. There are two steps of adsorption kinetics. The first step is faster and completes in hours or a day, and the second step is slower eqiulibrium reaction. The adsorption rate which is considered to be related to CEC differs with adsorbent and decreases in the order of shale, kaolinite, granite, gibbsite and quartz. On the other hand, the adsorption rate for the same adsorbent differs with elements in the order of thorium,uranium, barium and strontium in decreasing rate. It is also affected by pH of the solution and the surface area of adsorbent. In conclusion, we didn't find any different between noncompetition condition and competition condition, and this means that we only have to consider the pH of ground water, the characteristics of the geological materials and the kinds of radioactive element in the case of selection of the places for the radioactive waste disposal.

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Weed Competition and Herbicide Response of Rice under the Foggy Condition II. Growth and Weed Competition of Rice (안개조건하(條件下)에서 벼(Oryza sativa L.)의 잡초경합(雜草競合)과 제초제(除草劑) 반응차이(反應差異)에 관(關)한 연구(硏究) II. 벼의 생장(生長)과 잡초경합(雜草競合))

  • Guh, Ja-Ock;Lee, Min-Soo;Kuk, Yong-In;Chon, Sang-Uck
    • Korean Journal of Environmental Agriculture
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    • v.14 no.2
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    • pp.221-231
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    • 1995
  • The objectives of the present study were to find out the differences in growth and weed competition of rice under the foggy and non-foggy condition, and finally, the fundamental data for the establishment of the paddy weed control system under the locational foggy regions. The research was carried out on tin trays ($0.12m^2$) in greenhouse equipped with an Auto Foggy System(SAE KI RTN Co.). The results are summarized as follows: Exp. I. Difference in rice growth under the foggy and non-foggy condition. 1. While the plant height was not affected, the number of tillers was decreased by the foggy condition. The ratio of the number of effective tiller, however, became higher under the foggy condition. 2. Due to the fog present, the heading rate was decreased and heading time was delayed. 3. The foggy condition did not affect the dry weight of rice straw whether they were grown under the foggy or non-foggy condition. However, yield components such as the number of ears, the number of grains per ear, thousand kernel weight and percentage of ripeness were reduced. Particularly, weights of perfect brown and unpolished rice were also decreased. Exp. II. Effect of the duration of competition between weed and rice grown under the foggy condition on the growth of rice plant. 1. There was no difference in the height of rice grown under a different duration of competition. There was a clear tendency that the number of tillers of rice grown under the foggy condition was decreased as the duration of competition was decreased. 2. When the duration of competition was longer than 60 days, the heading rate was decreased and the initiation of heading was also delayed by 2-4 days. 3. Under the foggy condition, the duration of competition for more than 40 days affected dry weight of rice straw and the difference in yield was greatest in the non-competition and competition for more than 40 days.

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