• Title/Summary/Keyword: Entry Cost

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A Study on the Foreign Market Entry Strategy of Venture Firms (해외시장 진출전략에 관한 연구 -정보통신분야의 벤처기업을 중심으로-)

  • Kim Jin-Ha
    • Management & Information Systems Review
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    • v.5
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    • pp.185-209
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    • 2000
  • A review of shows that past research has focused predominately on foreign market entry strategy issues in relatively well-established firms. These studies have either ignored venture firms or have failed to treat these firms separately. Only recently, researchers have broadened their search to include aspects of the foreign market investment of the venture. The purposes of this study are to identify and explain the impact factors such as ownership specific advantage, transaction cost, and location specific advantage on the choice of foreign market entry strategy for venture firms. To find the perceived the foreign market entry strategy and determinant factors, 130 venture CEOs from the computer and communications equipment industries were asked to describe their venture's foreign market entry strategy through 17 questionnaire items on competitive method. Using factor analysis, the six determinant factors were categorized. To test the relationships between the foreign market entry strategy and factors such as ownership specific advantage, transaction cost, and location specific advantage, the data collected by questionnaire from 92 ventures. The main results of this research are as follows. First, the factors of ownership specific advantage have partially significant impact on the foreign market entry strategy of venture firms, Second, the factors of transaction cost have significant impact on their foreign market entry strategy. Third, the factors of location specific advantage have significant impact on their foreign market entry strategy. This study has produced evidence to demonstrate that the foreign market entry strategy profile of venture firms can be distinguished from those of relatively well-established firms. An expanded study would allow for stronger conclusions regarding the relative explanatory power of individual variables in the method. Additional research is also needed to examine other determinant variables connecting foreign market entry strategy.

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Online Channel Strategies of Hybrid Firms and Social Cost

  • Cho, Su-Mi;Lee, Sang-Ho
    • Management Science and Financial Engineering
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    • v.13 no.1
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    • pp.55-72
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    • 2007
  • We consider the product differentiation model of online channel competition and examine the strategies of hybrid firms in terms of efficiency. After measuring the social cost of online business strategies, we show that (i) online channel of hybrid firm under blockaded entry may increase the social cost if the firms' delivery cost is sufficiently smaller than the consumer's transportation cost, and (ii) online competition under free entry may increase the social cost if the firms' delivery cost is sufficiently larger than the consumer's transportation cost. Finally, we discuss the strategic incentive of hybrid firms to reduce delivery cost and investigate the effect of the Internet maturity on the social cost.

The Effect of AI and Big Data on an Entry Firm: Game Theoretic Approach (인공지능과 빅데이터가 시장진입 기업에 미치는 영향관계 분석, 게임이론 적용을 중심으로)

  • Jeong, Jikhan
    • Journal of Digital Convergence
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    • v.19 no.7
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    • pp.95-111
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    • 2021
  • Despite the innovation of AI and Big Data, theoretical research bout the effect of AI and Big Data on market competition is still in early stages; therefore, this paper analyzes the effect of AI, Big Data, and data sharing on an entry firm by using game theory. In detail, the firms' business environments are divided into internal and external ones. Then, AI algorithms are divided into algorithms for (1) customer marketing, (2) cost reduction without automation, and (3) cost reduction with automation. Big Data is also divided into external and internal data. this study shows that the sharing of external data does not affect the incumbent firm's algorithms for consumer marketing while lessening the entry firm's entry barrier. Improving the incumbent firm's algorithms for cost reduction (with and without automation) and external data can be an entry barrier for the entry firm. These findings can be helpful (1) to analyze the effect of AI, Big Data, and data sharing on market structure, market competition, and firm behaviors and (2) to design policy for AI and Big Data.

Reference Trajectory Analysis of Atmosphere Re-entry for Space Vehicle (우주비행체의 대기권 재진입 기준궤적 해석)

  • 이대우;조겸래
    • Journal of the Korean Society for Precision Engineering
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    • v.17 no.6
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    • pp.111-118
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    • 2000
  • The design of reference trajectory with respect to drag acceleration is necessary to decelerate from hypersonic speed safely after atmosphere re-entry of space vehicle. The re-entry guidance design involves trajectory optimization, generation of a reference drag acceleration profile with the satisfaction of 6 trajectory constraints during the re-entry flight. This reference drag acceleration profile can be considered as the reference trajectory. The cost function is composed of the accumulated total heating on vehicle due to the reduction of weight. And a regularization is needed to prevent optimal drag profile from varying too fast and achieve realized trajectory. This paper shows the relations between velocity, drag acceleration and altitude in drag acceleration profile, and how to determine the reference trajectory.

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Trajectory Control for Re-entry Vehicle (재진입비행체의 궤적제어)

  • 박수홍;이대우
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 1997.10a
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    • pp.361-364
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    • 1997
  • The re-enty guidance design involves trajectory optimization, generation of a reference drag acceleration profile with the satisfaction of trajectory constraints. This reference drag acceleration profile can be considered as the reference trajectory. This paper proposes the atmospheric re-entry system which is composed of longitudinal, later and range control. This paper shows the a performance of a re-entry guidance and control system using feedback linearization control and predictive control.

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A study on the descriptive cataloging of serial title changes (지명변경자료의 기술목록법에 관한 연구)

  • 윤희윤
    • Journal of Korean Library and Information Science Society
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    • v.22
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    • pp.61-93
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    • 1995
  • This paper discussed which of the three basic entries of serials that changed their titles-earliest, latest, or successive entry cataloging-is the most efficient, informative, and economical in a manual and an online environment. The results of the study are as follow: 1. Earliest entry cataloging or as an alternative, successive entry cataloging advocated by Cutter in 1976 was replaced in ALA Cataloging Rules by latest entry cataloging and with AACR1 and AACR2, latest entry cataloging was replaced by successive entry cataloging again. 2. Entry method of serial cataloging should be determined in consideration of goals of catalog, efficiency of catalog retrieval, theoretical and practical standpoint of entry methods, average cataloging time and cost, the state of adaption. 3. In a card catalog environment, if the numbering and class number of the serial that title proper changed into initials itself continue and the title history must not be too complicated, the serial is desirable to entry under the latest title. Except for above case, successive entry cataloging enables serials to be more quickly and economically made available to users than with either earliest or latest entry cataloging. 4. In an automated catalog environment, successive entry cataloging has more potential of satisfying and impairs the efficiency of both accessing and processing a library's serials collection. However, when initial cataloging by MARC format is done, careful screen design and complex programming will be needed. And subfield containing the local record number should be added to the programming means to link the various records together, i.e., 780 (preceding title) and 785 (succeeding title) fields for all related titles.

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A Study on Selection Determinant Factor in the China Market Entry of Korean Manufacture Firms (한국 제조업체의 중국시장 진입유형 선택 결정요인에 관한 연구)

  • Lee, Je-Hong
    • International Commerce and Information Review
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    • v.10 no.4
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    • pp.417-437
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    • 2008
  • Korean firms have had a short history of foreign direct investment and export in China market entry. This present study empirically analyzed determinants of the choice of foreign market entry modes, Particularly forcusing on the China market entry on Korean manufacture firms. This study developed a research model to determinant factor in the China market entry and collected 77 survey responses from the Korean manufacture firms. This study model construct in the third factor, China market character, company character and product character. In China market character, the variance are China trade barrier, culture different, competition power. The variance in company character are internationalization experience, enterprise rage and entry motivation. Also the variance in product character are product different, customer service and cost advantage. It is researcher's main interest that which type of China market entry format brought most positive evaluation form the Korean manufacture firms. therefor, these research results turned out to be different a little both export and direct investment in China market of Korean manufacture firms.

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Workforce Entry Preparers' Post-College Housing Expectations and Perception of Housing Cost Burden (예비 사회진출자의 졸업 후 주거에 대한 기대 및 주거비 부담에 대한 인식)

  • Lee, Hyun-Jeong
    • Journal of the Korean housing association
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    • v.24 no.4
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    • pp.29-37
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    • 2013
  • The purpose of this study was to explore college students' expectations on post-college housing and sources of finance to afford housing costs; and perception of housing cost burden. Between May 28, 2012, and June 17, 2012, a questionnaire survey was conducted to undergraduate students in university-A located in non-capital region and 465 useable responses were collected. Major findings are as follows: (1) About 60% of respondents expected to live apart from their parents or relatives within two years from college graduation; (2) Majority of respondents who expected to live apart from their parents or relatives expected to rent housing units and compact non-traditional housing types such as studio units; (3) Major source of finance the respondents expected to afford post-college housing costs was financial supports from their parents and families; (4) Housing cost burden were perceived to have influence even on job decision and respondents with lower parents' income perceived housing cost burden more influential; and (5) In spite of respondents' low financial independence to afford post-college housing costs, finding housing units in areas with relatively lower housing costs seemed not to be an important consideration when choosing post-college housing.

Optimal Sawcutting Methods for Hydrating Concrete Pavements

  • Jeong, Jin-Hoon;Kim, Sung-Hee;Kim, Nakseok
    • KCI Concrete Journal
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    • v.14 no.3
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    • pp.93-101
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    • 2002
  • The details of an approach to account for the factors that have been found to affect the ability and the probability to control cracking due to sawcutting in newly constructed concrete pavements are presented. Several factors such as material strength parameters, method and quality of curing, slab and subbase stiffness, and concrete shrinkage affect the probability of crack initiation. Others are relevant to concrete mixture characteristics that affect development of early aged stresses caused by shrinkage and thermally induced contraction. This paper presents the results of a probabilistic analysis of the factors that affect crack control using sawcut notches. Cost analyses on both conventional and early-entry sawcutting methods are shown to support the results of the probabilistic analysis. From both an operational and cost standpoint, it is evident for the environmental conditions considered that early-entry sawcut methodology holds a significant advantage over conventional methods.

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A Two Stage Game Model for Learning-by-Doing and Spillover (지식의 학습효과와 파급효과에 따른 선.후발기업의 생산전략 분석)

  • 김도환
    • Journal of the Korean Operations Research and Management Science Society
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    • v.26 no.1
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    • pp.61-69
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    • 2001
  • This paper presents a two stage game model which examines the effect of learning-by-doing and spillover. Increases in the firm’s cumulative experience lower its unit cost in future period. However, the firm’s rival also enjoys the experience via spillover. Unlike previous theoretical research model, a cost asymmetric market entry game model is developed between the incumbent firm and new entrant. Mathematical results show that the incumbent firm exploits the learning curve to gain future cost advantage, and that the diffusion of learning to the new entrant induces the incumbent firm to choose decreasing output strategically. As a main result, we show that the relative magnitude between the learning and spillover rate determines the market share ratio of competing firms.

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