• Asia Marketing Journal
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• 제14권3호
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• pp.49-68
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• 2012

When a channel is vertically separated, there can be inefficiencies, double marginalization. Channel coordination to amend this inefficiency has been an important issue in marketing and economics. Channel coordination deals with maximization of joint profit and achieving proper profit sharing among participants. In this paper, a manufacturer and heterogeneous multiple retailers with exclusive territory are assumed, and channel coordination with two-part tariff is considered. When multiple heterogeneous retailers are assumed, profit sharing can be an issue even though the tariffs based on marginal cost can maximize joint profit. In case of multiple heterogeneous retailers, the manufacturer earns the same profit (fixed fee) from each retailer. This means that a large retailer occupies all the gaps of channel profit between small and large markets. Then, the manufacturer, which generally plays the role of Stackelberg leader, will consider increasing fixed price or marginal price to earn more profit from large retailer. Those reactions can sacrifice maximization of joint profit by making small retailer withdraw or by changing the sales quantities. In this paper, to maximize joint profit and achieve proper profit sharing, two kinds of optional tariffs are considered. The first is an optional two-part tariff based on marginal cost and the second is an optional modified two-part tariff in which marginal prices are higher than the manufacturer's marginal cost. In both types of optional tariffs, maximization of joint profit in each market can be achieved. Moreover, optional tariffs alleviate the problem of profit sharing. Optional tariffs can provide a manufacturer more profit from a large retailer when profit from a small retailer is given. However, the analysis shows that the maximum share of manufacturer from a large retailer is restricted by the condition for self-selection. In case of optional two-part tariffs based on marginal cost, if the gap between demands is large, the maximum share of the manufacturer is sufficient to achieve proper profit sharing. If the gap between demands is not sufficiently large, the manufacturer cannot earn sufficient share from increased profit. An optional modified two-part tariff where marginal price is more than marginal cost of manufacturer is considered because of this scenario. The marginal price above the marginal cost may additionally control the distribution of the increased profit. However, the analysis shows that a manufacturer's maximum profit from a large retailer with given profit from a small retailer is the same as or lower than the maximum profit when optional two-part tariffs based on marginal cost are applied. Therefore, it can be concluded that the optional modified tariffs do not have additional contribution to profit sharing relative to the tariffs based on marginal cost. Although this paper does not cover all kinds of optional tariffs that are different from tariffs based on marginal cost, it shows the advantage of optional tariffs based on marginal cost and has important theoretical implications. The result of this paper also gives guide for channel coordination. Optional two-part tariff based on marginal cost can increase efficiency in channel coordination.

• 대한전기학회논문지:전력기술부문A
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• 제54권10호
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• pp.500-506
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• 2005

With the advent of electric power systems moving to a deregulated retail electricity market environment, calculating distribution service tariffs has become a challenging theme for distribution industries and tariff regulators. As distribution business remains as a monopoly, it is necessary to be regulated. And as multiple distribution companies compete with each other, it would be efficient to adopt competition to the determination of distribution service tariffs. This paper proposes a method to calculate distribution service tariffs using yardstick regulation, which can lead to competition among multiple distribution companies. The proposed method takes into account not only recovering revenue requirements but also the advantages of the yardstick regulation based on long-term marginal costs of distribution network expansion algorithms. A computer simulation is carried out to illustrate effectiveness of the proposed method and it is estimated that the algorithm can be applied to compute the distribution service tariffs under retail electricity markets.

• 신재생에너지
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• 제10권1호
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• pp.41-49
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• 2014

For a proper valuation of wind power project, it is necessary to consider volatilities of key parameters such as annual energy production, electricity sales price, and long term interest rate. Real option methodology allows to calculate option values of these parameters. Volatilities to be considered in wind project valuation are 1) annual energy production (AEP) estimation due to meteorological variation and estimation errors in wind speed distribution, 2) changes in system marginal price (SMP), and 3) interest rate fluctuation of project financing which provides refinancing option to be exercised during a loan tenor for commercial scale projects. Real option valuation turns out to be more than half of the sales value based on a case study for a FIT scheme wind project that was sold to a financial investor.

• 유통과학연구
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• 제10권5호
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• pp.45-55
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• 2012

본 연구는 현재 국내 택배업체들이 택배이용자들에게 제시하고 있는 '택배요금기준'의 불합리성을 개선하여 합리적인 기준에 의한 요금 수수가 이루어 질수 있도록 하기 위해서 수행되었다. 일반적으로 화물운송임은 화물의 중량이나 부피의 크기를 기본으로 하고 몇 가지의 할인 및 할증의 요소들을 감안하여 책정이 된다. 특히 택배서비스와 같이 공공물류의 성격이 강하고, 불특정 다수가 이용하는 경우에는 요금기준의 합리성이 강하게 요구된다고 할 수 있다. 따라서 택배거래의 기준이 되는 택배요금의 기준이 합리적으로 설정되어 있어야 하는 바, 현재 국내택배업체들이 자체적으로 설정하여 적용하고 있는 택배요금기준이 합리적으로 설정이 되어있는 지에 대하여 분석하였다. 이를 위하여 문헌 및 선행연구들을 통하여 각종 이론을 검토하고 외국의 택배업체들의 요금계산방법, 타운송수단의 운임의 적용기준 등을 검토하였으며 택배화물을 표본조사를 하여 '부피의 크기'기준과 '3변의 합의 크기' 기준 중 어떤 기준이 더 합리적으로 요금의 크기를 나타내고 있는지를 회귀분석을 통하여 분석하였고, 운임 결정의 또 하나의 중요한 요소인 중량의 크기를 어떤 방법이 더 잘 반영하는지를 검토하였다. 연구결과 '부피의 크기'에 의한 화물의 크기결정방법이 현실적으로 요금수준을 합리적으로 설명하고 화물의 중량과의 상관관계도 높게 나타내고 있음을 알 수 있었다. 따라서 현재의 '중량의 크기'와 '3변의 합의 크기'에 따른 요금기준은 '중량의 크기'와 '부피의 크기'기준으로 변경되는 것이 합리적이라는 결론에 도달하였다.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.771-780
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• 2021

The study assesses the impact of tariffs on Vietnam's trade in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Research data was conducted between 2001 and 2018 on the official website of the Uncomtrade and the World Bank. This paper uses the gravity model to estimate the relationship between data series and considers the impact of factors on Vietnam's trade with CPTPP countries. The results have proven that tariff reductions have a positive effect on Vietnam's trade. Besides, the trade openness of Vietnam and CPTPP countries has positive impacts on Vietnam's trade. The study also shows that Real Effective Exchange Rate (REER) between Vietnam's and CPTPP countries' currencies has no strong effect on Vietnam's trade. Based on these findings, the article also suggests a number of policies to promote Vietnam's trade in future. In order to support businesses to better utilize opportunities and promote exports to CPTPP countries, the government of Vietnam should: (1) focus on reducing costs and time to participate in the market for production and business investors; (2) improve business investment environment to mobilize resources for production; and (3) continue to organize information campaigns to raise businesses' awareness of how to take advantage of CPTPP preferences.

• 한국건설관리학회논문집
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• 제11권1호
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• pp.113-121
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• 2010

정부의 신 재생에너지 분야 투자확대정책과는 달리 08년 발전차액지원 기준가격이 인하된 이후 태양광사업의 추진 건수가 대폭 감소되는 양상을 보이고 있다. 이는 전세계적 금융위기에 따른 재원조달의 어려움이 근본적 원인이기도 하지만, 현행 발전 차액지원 기준가격체계가 적정하지 못한데도 그 원인을 찾을 수 있다. 본 연구에서는 입지와 형식별로 여러 대안을 설정하고, 비용 및 수익의 변동 리스크를 반영하는 기준가격 산정모델(Cost & Benefit Risk Based Purchase Price Process Model : CBRP3 Model)을 제안한다. 발전설비 대안별로 투자비와 발전량의 변동데이터를 산출하여 재무템플릿에 입력한 후 시뮬레이션을 실행하여 대안별 발전원가의 확률분포를 도출하고, 이를 기반으로 기준가격체계를 도출한다. 도출된 기준가격체계와 현행 발전차액지원 기준가격체계를 비교하고, 향후 연구과제를 제시한다.

• 유통과학연구
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• 제13권7호
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• pp.11-18
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• 2015

Purpose - This paper reviews the changes in the ship export and import structure between Korea and China. It utilizes the comparative advantage trade theory to analyze time-series statistical data from the market share index, revealed comparative advantage index (RCA), and trade specialization index(TSI). Research design, data, and methodology - Based on their economic phases, both Korea and China have similar country characteristics. The purpose of this research is to understand the two country's trade structures to fortify the Korea-Sino economic relationship including verifying what is working and what is not. Results - Based on the analysis, bilateral economic activity to achieve a plus trade stimulus environment should be realized in the long run. Both countries should establish guarantee-free trade negotiations and boundaries instead of various non-tariff barriers. Conclusion - Reviewing the research, a sound competitive relationship can be grown for mutual benefit including export market diversification in the near future. The review of the Korea-Sino ship industry is keenly important and investigative research about it is timely because it is a major industry in each country.

• 전기학회논문지
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• 제65권3호
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• pp.404-410
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• 2016

This paper proposed a program of an energy storage system(ESS) for peak shaving of high-speed railway substations The peak shaving saves cost of equipment and demand cost of the substation. To reduce the peak load, it is very important to know when the peak load appears. The past data based load profile forecasting method is easy and applicable to customers which have relatively fixed load profiles. And an optimal scheduling method of the ESS is helpful in reducing the electricity tariff and shaving the peak load efficiently. Based on these techniques, MS. NET based peak shaving program is developed. In case study, a specific daily load profile of the local substation was applied and simulated to verify performance of the proposed program.

• 복식
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• 제34권
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• pp.135-150
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• 1997

The purpose of this study was to inves-tigate the economic performance of the textile industry for the Korean traditional clothes. The content of this paper had two pars; The first part was for the macroeconomic aspects such as location production employments and the produc-tion facilities of the textile industries. The second part was for the microeconomic aspects such as business type branding method fabric type R&D efforts sourc-ing and the distributional channel The major results were as follows: 1.) Most textile firms for the korean traditional clothes were located in Gongju for man-made fibers and in Jinju for silk fabrics. 2) The size of the textile industry in terms of the number of business produc-tion amount the number of employee de-creased during 1994 and 1995 due to the decreasing demand. 3) Over the half of the textile firms produced raw fabric products while only 20% of them were involved in additional dyeing and /or printing finish which re-sulted in low value added production 4) The R&D effort of the textile indus-try for the Korean traditional clothes was very low due to the market uncertainty lack of technological knowledge and most of all small size of the firms 5) Most raw materials for the textile in -dustry were imported with high(25%) tariff rates resulting in price increase and thus low competitiveness in the market. 6) The textile producers sole about the 70% of their products to the wholesalers while selling the rest to the retailers di-rectly. This showed the dual structure of the distribution channel in the textile products. These results suggested some implica-tions for the firms the policy makers and the researchers. The firms should develop new and improved products to increase and create consumer demand by intensive R&D efforts. The government policy ma-kers should give financial supports the firms with R&D investment and legal help such as lowing tariff rate for the raw ma-terials. The researchers from the academy could help the textile industry with the advanced technological knowledge and up-date information for the consumer fashion demand.

• 대한교통학회지
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• 제8권2호
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• pp.27-41
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• 1990

In this study the economic impacts of government support of shipping industry in the labor rich country are appraised in a general equilibrium model. Shipping industry subsidies (which are supposed to be supplied by lump-sum tax) will decrease disposable income by shifting productive resources from traded goods to the comparatively disadvantageous transport sector, and at the same time reduce the implicit tariff effect by lowering transport costs. The net effect of shipping industry subsidies is to increase social welfare because the latter positive effect of shipping industry subsidies is to increase social welfare because the latter positive effect dominates the former negative effect. Such an increase in social welfare can never be expected from competitive traded goods industry subsidies in the case of which social welfare will actually decrease because of inefficient resource allocation resulting from the subsidies. In addition it is worth noting that the subsidies on the most capital intensive shipping industry will rectify unevenness in income distribution by raising relative price of labor contrary to subsidies on capital intensive traded goods.