• Journal of Distribution Science
• /
• v.13 no.10
• /
• pp.15-21
• /
• 2015

Purpose - This study examines a bundling effect on production and distribution in a patent-protected industry. Despite the heavy use of bundling strategies in the information and technology industry, literature has paid scant attention to bundling of intellectual property rights. This study examines a theoretical exploration of the bundling effect on licensing behavior. Research design, data, and methodology - To address this behavior, we build a simplified model consisting of three stages: 1) bundling decision, 2) licensing agreement, and 3) competition. The subgame perfect Nash equilibrium is applied to the model. Results - A single-patent holder with superior technology grants its own license to the multiple-patent firm, thereby leaving the market. Anticipating the single right holder's licensing strategy, the multiple-patent firm offers a bundle, making the single-right holder's bargaining position weaker. Conclusions - Bundling is an effective business strategy, resulting in multiple products for a firm as it faces other firms with single-product lines in each market. Taking advantage of the multi-patent or multi-product lines, the firm utilizes the bundling strategy obtaining better technology from the standalone single-patent firms.

• Proceeding of KASS Symposium
• /
• 2005.05a
• /
• pp.125-132
• /
• 2005

Membrane structures, a kind of lightweight soft structural system, are used for spatial structures. The material property of the membrane has strong axial stiffness, but little bending stiffness. The design procedure of membrane structures are needed to do shape finding, stress-deformation analysis and cutting pattern generation. In shape finding, membrane structures are unstable structures initially. These soft structures need to be introduced initial stresses because of its initial unstable state, and it happens large deformation phenomenon. And also there are highly varied in their size, curvature and material stiffness. So, the approximation inherent in cutting pattern generation methods is quite different. Therefore, in this study, to find the structural shape after large deformation caused by Initial stress, we need the shape analysis considering geometric nonlinear ten And the geodesic line on surface of initial equilibrium shape and the cutting pattern generation using the geodesic line is introduced.

• Tunnel and Underground Space
• /
• v.15 no.6 s.59
• /
• pp.411-424
• /
• 2005

Weathering is defined as a process by which surface rock, once formed in the deep ground, is broken down and altered to keep the equilibrium with the ambient environment. In this study granitic rock samples of different weathering grades were collected in the field and the microscopic observation, X-ray diffraction analysis, electron microscopic observation, chemical analysis, and rock property tests were carried out. Formation of secondary minerals, especially clay minerals, by weathering was identified and the mechanism for the change of engineering properties such as rock strength degradation was analyzed. Tunnel model test, Failure behaviour, Shallow tunnel, Unsupproted tunnel length.

• Transactions of Materials Processing
• /
• v.18 no.6
• /
• pp.476-481
• /
• 2009

The present work demonstrates the mechanical and electrical responses of submicrocrystalline Cu-3%Ag alloy as a function of strain imposed by equal channel angular pressing(ECAP). From transmission electron microscope observation, the resulting microstructures of Cu-3%Ag alloy deformed by ECAP for 8-pass or more consist of reasonably fine, equiaxed grains without having a strong preferred orientation, suggesting that microstructure evolution is slower than that of pure-Al and its alloys owing to low stacking fault energy. The results of room temperature tension tests reveal that, as the amount of applied strain increases, the tensile strength of submicrocrystalline Cu-3%Ag alloy increases whereas losing both the ductility and the electrical conductivity. Such phenomenon can be explained based on microstructure featured by the non-equilibrium grain boundaries.

• KDI Journal of Economic Policy
• /
• v.40 no.3
• /
• pp.69-89
• /
• 2018

We study whether a default option attached to non-recourse mortgages improves borrowers' surplus from mortgage financing. By defaulting on mortgage debt, borrowers can save their non-collateralized income from being foreclosed. In exchange, borrowers must forgo non-monetary surplus from retaining any collateral. Banks may charge a high mortgage rate due to increased default rates. We find that the interest rate of non-recourse mortgage decreases with the borrower's surplus from home ownership. Moreover, non-recourse mortgages benefit only borrowers who deem housing property as an investment asset. Hence, the transition to a non-recourse mortgage is detrimental to welfare if the borrower enjoys a large surplus from home ownership. Although the borrower privately knows how much surplus she enjoys from home ownership, a menu of non-recourse mortgage contracts may exist, yielding a separating equilibrium without information rent.

• KIEE International Transactions on Power Engineering
• /
• v.4A no.3
• /
• pp.134-140
• /
• 2004

This paper presents an improved group of energy functions reflecting generator damping effects for multi-machine power systems by using Center of Inertia (COI) formulation as an extension of the previous work. Since rotor angles at the Stable Equilibrium Point (SEP) of post-fault systems are generally calculated in COI, system transient energy can be found without assumption of infinite or slack bus, which is a crucial drawback of the absolute rotor angle frame approach. The developed energy functions have a structure preserving property with which it is very flexible to incorporate various models of power system components, especially various load and generator models. The proposed damping-reflected energy functions are applied to the Potential Energy Boundary Surface (PEBS) method, one of the direct methods. Numerical simulation of WSCC 9-bus shows that conservativeness of the PEBS method can be considerably reduced.

• Proceedings of the Korean Society for Technology of Plasticity Conference
• /
• 2009.05a
• /
• pp.413-416
• /
• 2009

The paper deals with the mechanical and electrical responses of submicrocrystalline Cu-3%Ag alloy as a function of strain imposed by equal-channel angular pressing. When inducing the effective strain of 12, the initial grain site of ${\sim}50{\mu}m$ is evidently reduced within the range of $0.2-0.3{\mu}m$ in size, having a reasonably equiaxed shape. The results of tension tests at room temperature exhibit that the tensile strength of the present alloy increases with increasing the amount of strain whereas losing electrical conductivity slightly. This phenomenon can be explained based on fine grained structure together with the non-equilibrium state of grain boundaries.

• Journal of Institute of Control, Robotics and Systems
• /
• v.17 no.4
• /
• pp.304-312
• /
• 2011

In an oligopolistic market, only a few firms account for most or all of total production, e.g., automobile, steel, and computer industries. For a dynamic oligopolistic market with two firms competing in quantities, we show that supervisory control theory of discrete event systems provides a novel approach to solve the dynamic oligopoly problem with the aim of maximizing the profits of both firms. Specifically, we show that the controllability, observability, and nonblocking property (which are the core concepts in supervisory control theory) are the necessary and sufficient conditions for two oligopolistic firms in disequilibrium to eventually reach equilibrium states of maximizing the profits of both firms.

• Fibers and Polymers
• /
• v.1 no.2
• /
• pp.67-70
• /
• 2000

Rosin maleic anhydride adduct (RMA)-bisester was prepared by the esterification of chlorinated RMA with hydroquinone. Phenylpyridinylcyclot.isiloxane ($D_3^{Ph,Py}$) was synthesized from phenylpyridinyldichlorosilane in the presence of zinc oxide catalyst, and amino group terminated polyphenylpyridinylsiloxane prepolymer was prepared by equilibrium polymerization of $D_3^{Ph,Py}$ with 1,3-bis(3-aminopropyl)-1,1,3,3-tetramethyldisiloxane. Rosinimide (PSMR) was prepared from the imidization of RMA-bisester with polyphenylpyridinylsiloxane prepolymer at 12$0^{\circ}C$ for 7 h using ${\gamma}$-butyrolactone/pyridine. It showed that PSMR had better thermal stalbility than rosinimide modified with polydimethylsiloxane.

• The Transactions of the Korean Institute of Electrical Engineers
• /
• v.37 no.10
• /
• pp.740-747
• /
• 1988

This paper describes the parameter convergence property for an adaptive identifier and deals with the stability of the adaptive system in terms of the general error model. The Persistent Excitation (PE) condition to guarantee parameter convergence is derived using the Power Spectrum Analysis. In the adaptive identifier designed under the assumptions that the plant has not unmodelled dynamics, it can be shown that the equilibrium points of adjustable parameters are independent on the position or the number of input spectrums, if the adaptive signal is PE. When the plant contains unmodelled dynamics and the same controller is used, the PE condition can still hold but the parameter tuned values are changed with the spectrum.