• 농촌지도와개발
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• 제23권1호
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• pp.27-37
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• 2016

This paper estimated the demand function of the cuts of pork by using the consumer panel and the weather data from the Korea Meteorological Administration with a log-log model and AIDS model. The results show that the price elasticity of demand for cuts of pork is high in the sequence of arm shoulder, leg, special cuts, tenderloin, blade shoulder. In contrast, spare rib, belly and loin are classified as low price elasticity of demand. The income elasticities of demand for leg and blade shoulder are 11% and 7.6% respectively. The loin is classified as inferior goods, because demand decreases when income increases. The results also demonstrate show that the demand increases highly in the sequence of loin, arm shoulder, spare rib, belly if housewife is older, and the demand of belly increases when family number increases. Belly substitutes every cut except spare rib, and tenderloin substitutes special cuts. Spare rib, on the other hand, does not substitute other cuts. In addition, job status, family member, husband job, purchasing place, consumer characteristic, eating-out times, purchasing time, and weather are statistically significant.

• 한국지역사회생활과학회지
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• 제26권1호
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• pp.75-85
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• 2015

This study investigates the impact of livestock diseases, including FMD(foot-and-mouth disease) and MCD(mad-cow disease), on pork demand in Korea. TV news stories about the livestock diseases were considered as negative advertising, and therefore the carry-over effect of negative advertising was combined with the pork demand model in conjunction with an exponential distributed lag function. The asymmetry hypothesis was imposed, however it was accepted that demand response does not show different sensitivities to increases and decreases in the livestock disease news. FMD news had a negative effect on pork demand, whereas MCD news had a positive effect, yet FMD news had a greater effect on pork demand than MCD news. The pork demand elasticity estimates for FMD and MCD news were -0.0071 and 0.0028, respectively. The cross-elasticity of the imported beef price to pork demand was highly inelastic, but it was elastic during the beef import embargo.

• 대한전기학회논문지:전력기술부문A
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• 제54권2호
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• pp.79-87
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• 2005

At present Cournot model is one of the most commonly used theories to analyze the gaming situation in oligopoly market. But there exist several problems to apply this model to electricity market. The representative one is to obtain the inverse demand curve able to be induced from the relationship between market price and demand response. In Cournot model, each player offers their generation quantity to accomplish maximum profit, which is accomplished by reducing their quantity compared with available total capacity. As stated above, to obtain the probable Cournot equilibrium to reflect real market situation, we have to induce the correct demand function first of all. Usually the correlation between price and demand appears on the long-term basis through the statistical data analysis (for example, regression analysis) or by investigating consumer utility functions of several consumer groups classified as residential, industrial, and commercial. However, the elasticity has a tendency to change continuously according to the total market demand size or the level of market price. Therefore it should be updated as trading period passes by. In this paper we propose a method for inducing and updating this price elasticity of demand function for more realistic market equilibrium.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2003년도 하계학술대회 논문집 A
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• pp.615-617
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• 2003

In electricity market with a imperfect competition, participants make plans of biddings and transaction strategies to maximize their own profits. The market price and the quantity are determined by bidding systems and market demands. Practically the characteristics of power demand have rather two forms; elastic region and inelastic region, than constant slope elasticity. Furthermore the price cap in the market can be modelled as a region of perfect elasticity in the demand function. This paper analyses supplier's bidding strategies which are reflected the characteristics of practical demand. Equilibrium strategies are solved by using the Bertrand model and payoff matrices.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 추계학술대회 논문집 전력기술부문
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• pp.168-170
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• 2005

At present Cournot model is one of the most commonly used theories to analyze the gaming situation in oligopoly market. But there exist several problems to apply this model to electricity market. The representative one is to obtain the inverse demand curve able to be induced from the relationship between market price and demand response. In Cournot model, each player offers their generation quantity to accomplish maximum profit, which is accomplished by reducing their quantity compared with available total capacity. As stated above, to obtain the probable Cournot equilibrium to reflect real market situation, we have to induce the correct demand function first of all. Usually the correlation between price and demand appears on the long-term basis through the statistical data analysis (for example, regression analysis) or by investigating consumer utility functions of several consumer groups classified as residential, industrial, and commercial. However, the elasticity has a tendency to change continuously according to the total market demand size or the level of market price. Therefore it should be updated as trading period passes by. In this paper we propose a method for inducing and updating this price elasticity of demand function for more realistic market equilibrium

• 대한교통학회지
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• 제7권2호
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• pp.17-27
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• 1989

A nonlinear programming model for evaluating public transit fare system is proposed. The model finds transit fare level and the structure that maximizes gross fare-box revenue subject to constraints on minimum ridership and the form of the fare equations. It is assumed that the demand for transit is a function of fare and its own-fare elasticity. It is assumed that the demand for transit is a function of fare and its own-fare elasticity. It is also assumed that the conditions including fare of the other modes are unchanged ; i.e., partial equilibrium. Empirical study has been performed for the case of Seoul subway system. This study includes an analysis of fare structure ; flat system and distance-based fare system. Sensitivity and comperative static analysis for elasticity has been also demonstrated.

• 한국경영과학회지
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• 제39권1호
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• pp.49-67
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• 2014

This paper proposes a real time pricing model for smart grid considering consumers' behavior, real time price elasticity, and exogenous price. Based on the proposed model, we found the weight of utility over cost is the most sensitive factor compared to other factors. Also, if the electricity price is set to be changed too sensitively to energy consumption, it is warned that real time pricing sometimes can cause increment of peak-time demand and volatility. Finally, real time pricing could be less efficient when the difference between the maximum and the minimum consumption level is small.

• ETRI Journal
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• 제7권3호
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• pp.35-41
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• 1985

The objective of this study is to estimate the price elasticity of demand for telephone use in Korea. This paper provides a comprehensive review of the existing empirical study and establishes the econometric demand estimation model applicable to Korean telephone service. By this model, the price elasticities of demand in local and toll uses are estimated and their implications are discussed.

• 자원ㆍ환경경제연구
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• 제20권1호
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• pp.33-60
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• 2011

본 연구의 목적은 생산 프론티어 접근을 통하여 OECD 국가의 에너지효율과 경제성장이 에너지수요에 미치는 영향을 비교하는 것이다. 본 연구는 OECD 국가를 대상으로 전통적 에너지 원단위와 생산 프론티어 접근에 의한 에너지효율, 생산 프론티어 상의 효율점에서 에너지 과다 여유분의 존재, 생산의 기술구조 하에서 GDP 증가에 따른 에너지수요 탄력성을 살펴보았다. 첫째, 전통적 에너지 원단위는 방사선 에너지효율과는 상관성이 낮고 여유분 에너지효율, 비방사선 에너지효율과 에너지 최소화 방향의 수평선 에너지효율 등과는 일정한 상관성을 보인다. 에너지 원단위만으로 에너지효율 여부를 판단하는 것은 오류가 있을 수 있다. 특히 방사선 효율에 의한 에너지효율은 대부분의 국가의 에너지효율을 과대평가하는 경향이 있다. 둘째, OECD 국가들이 프론티어 상의 효율적인 생산점에서도 불필요하게 에너지를 소비하는 것이 연평균 17.3%이므로 에너지의 추가 저감이 필요하다. 셋째, OECD 국가의 경제성장에 대한 에너지 탄력성의 평균은 1.1로서 거의 단위 탄력성에 가깝다. 탄력성의 국가별 차이는 존재하고 탄력성이 높은 국가의 에너지수요는 높다.

• Journal of Electrical Engineering and Technology
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• 제12권5호
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• pp.1719-1728
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• 2017

Recent concerns about environmental conditions have triggered the growing interest in using green energy resources. These sources of energy, however, bring new challenges mainly due to their uncertainty and intermittency. In order to alleviate the concerns on the penetration of intermittent energy resources, this paper investigates impacts of realizing demand-side potentials. Among different demand-side management programs, this paper considers demand response wherein consumers change their consumption pattern in response to changing prices. The research studies demand response potentials from different load sectors on generation system well-being. Consumers' sensitivity to time-varying prices is captured via self and cross elasticity coefficients. In the calculation of well-being indices, sequential Monte Carlo simulation approach is accompanied with fuzzy logic. Finally, IEEE-RTS is used as the test bed to conduct several simulations and the associated results are thoroughly discussed.