• Title/Summary/Keyword: Low costs

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Welfare Impacts of Behavior-Based Price Discrimination with Asymmetric Firms

  • Chung, Hoe-Sang
    • Asia-Pacific Journal of Business
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    • v.11 no.1
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    • pp.17-26
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    • 2020
  • Purpose - This paper studies the welfare impacts of behavior-based price discrimination (BBPD) when firms are asymmetric in quality improvement costs. Design/methodology/approach - To this end, we consider a differentiated duopoly model with an inherited market share, where firms first make quality decisions and then compete in prices according to the pricing scheme, namely, uniform pricing or BBPD. Findings - We show that BBPD increases social welfare relative to uniform pricing if the firms' cost gap is large enough. This is because BBPD induces more consumers to buy a high-quality product than under uniform pricing, and because a low-cost firm's profit loss from BBPD decreases as the cost difference increases. Research implications or Originality - Our analysis offers policy implications for markets where BBPD raises antitrust concerns, and quality competition prevails.

Multi-functionality of honey bees for eco-friendly food production (환경친화적 식량생산을 위한 꿀벌의 다원적 가치)

  • Jung, Chuleui
    • Food Science and Industry
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    • v.55 no.2
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    • pp.166-175
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    • 2022
  • Current food system has developed with the agricultural innovation to feed the increasing population of the world, but with high costs such as environmental contamination and inequality with low sustainability. Human has developed long history of mutualistic interaction with honey bee. This manuscript describes the multi-functionality of honey bee for food production. Firstly honey bee produces honey, bee pollen, royal jelly and propolis which are rich in functionality. Second honey bee serves as the main pollinator for crop production which is worth for 28% of total crop production values in Korea. Lastly honey bee can be an alternative meat produciton system with lower energy, carbon costs but higher nutritional security. This manuscript described those parts and discussed the multi-functionality of honey bees for eco-friendly food security pursuing lowered environmental cost and carbon-zero strategies in the climate change era.

Research Trends on Distributed Storage Technology for Blockchain Transaction Data (블록체인 트랜잭션 데이터 분산 저장 기술 동향)

  • Choi, B.J.;Kim, C.S.;Lee, M.C.
    • Electronics and Telecommunications Trends
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    • v.37 no.3
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    • pp.85-96
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    • 2022
  • Recently, the blockchain technology, which can decentralize business ecosystems using secure transactions without trusted intermediaries, has been spotlighted. Full nodes play an important role in maintaining decentralization in that they independently verify transactions using their full historical transaction data. However, the storage requirement of a full node for storing historical data is continuously increasing, and thus, has become harder for users to run a full node due to the heavy price for storage costs. In this paper, we investigate research trends on reducing the costs of storing blockchain transaction data so that nodes with low storage requirements can be used in the blockchain network.

A Study on Agricultural Machine Sharing Application

  • Min-jeong Koo
    • International journal of advanced smart convergence
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    • v.12 no.4
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    • pp.464-469
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    • 2023
  • The government has set the mechanization of paddy agriculture as a national task, aiming to achieve over 70% by 2025. The main objective is to stabilize the farming costs of rural households due to the aging and feminization of rural areas, as well as the shortage of agricultural labor. In response to this, the Korea Rural Economic Institute operates a farm machinery rental business. However, there are challenges in selecting and managing rental machinery, including issues related to labor, costs, verification, and time. Additionally, there is a limit to upgrades, and overseas models are being imported and used for transplanters and rice planters, which do not conform to domestic standards and face maintenance difficulties. In order to solve the difficulties of the agricultural machine rental business, we intend to develop an application that shares domestic and foreign machines purchased and used by individuals at a low cost and use them in gun-level administrative districts.

Aircraft Landing Charge Based on Costs (비용에 근거한 공항사용료 결정에 관한 연구 -항공기 착륙료중심-)

  • Yoo, Kwang-Eui
    • The Korean Journal of Air & Space Law and Policy
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    • v.17
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    • pp.29-54
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    • 2003
  • The objectives of this study are to develop more practical and efficient model concerned with airport charge, especially with aircraft landing charge. This study utilizes average pricing and marginal pricing theory as well as cost accounting theory. The average pricing method is useful to make total costs recovery possible in uncongested situation where the marginal costs are too low to recover the total costs of service. The utilization of cost accounting theory with marginal cost pricing theory would improve the practical applicability of the model. In addition, it is necessary to apply cost accounting information in order to estimate more exact cost for the service of landing and take-off of each aircraft type.

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Improved Initial Costs Expectation Model based on FPA for Internet Banking System (인터넷 뱅킹 시스템을 위한 개선된 FP 기반 초기 규모 예측 모델)

  • Yun, Gwang Yeul;Yoo, Hae Young
    • KIPS Transactions on Software and Data Engineering
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    • v.3 no.4
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    • pp.139-148
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    • 2014
  • With the development of IT, the financial sector has grown dramatically in Non face-to-face channel. However, because the initial costs calculation model which reflects the characteristics of the financial system does not exist, deteriorating reliability of budget establishment and low-price booking competition appeared. This negative situation leads to degradation of Internet Banking systems and customers who use these financial products have many troubles. Therefore, this paper improves the Initial Costs Expectation Model based on FPA & Expert Judgement Model. And it verified the effectiveness of this model through the regression analysis. As a result, we developed the Initial Costs Expectation Model for Internet Banking systems based on FPA, which is increased in accuracy than existing Cost Expectation Models.

WWCLOCK: Page Replacement Algorithm Considering Asymmetric I/O Cost of Flash Memory (WWCLOCK: 플래시 메모리의 비대칭적 입출력 비용을 고려한 페이지 교체 알고리즘)

  • Park, Jun-Seok;Lee, Eun-Ji;Seo, Hyun-Min;Koh, Kern
    • Journal of KIISE:Computing Practices and Letters
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    • v.15 no.12
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    • pp.913-917
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    • 2009
  • Flash memories have asymmetric I/O costs for read and write in terms of latency and energy consumption. However, the ratio of these costs is dependent on the type of storage. Moreover, it is becoming more common to use two flash memories on a system as an internal memory and an external memory card. For this reason, buffer cache replacement algorithms should consider I/O costs of device as well as possibility of reference. This paper presents WWCLOCK(Write-Weighted CLOCK) algorithm which directly uses I/O costs of devices along with recency and frequency of cache blocks to selecting a victim to evict from the buffer cache. WWCLOCK can be used for wide range of storage devices with different I/O cost and for systems that are using two or more memory devices at the same time. In addition to this, it has low time and space complexity comparable to CLOCK algorithm. Trace-driven simulations show that the proposed algorithm reduces the total I/O time compared with LRU by 36.2% on average.

Development of home nursing care classification and home nursing care costs of the free-standing home nursing care agency (독립형 가정간호시범사업소의 가정간호행위분류체계 개발과 수가 연구)

  • Yun, Soon-Nyoung;Park, Jung-Ho;Kim, Mae-Ja;Hong, Kyung-Ja;Han, Kyung-Ja;Park, Sung-Ae;Hong, Jin-Eui
    • Journal of Korean Academic Society of Home Health Care Nursing
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    • v.6
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    • pp.19-32
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    • 1999
  • The purpose of this study was to develop of home nursing care classification and home health care costs of the free-standing home nursing care agency. This study was done through 3 steps The First stage, home nursing care classification was identified and classified by literature, review-committee and expert meeting. The second stage, cost elements for home nursing care visit were identified and accounted. That were divided into direct nursing care cost, indirect nursing care cost, management cost and transportation cost. Third stage, total cost of per visit was produced. Data were collected from 810 visits of 120 patients received home dare and from January. 1999 to November, 1999, and analysed with EXCEL program. The obtained results are as follows : 1. Home nursing care classification was consisted of 6 high level classification domain and 10 low level classification domain and 163 home nursing care behavior. 2. The cost of home nursing care per visit was 30,638 won which were direct and indirect nursing care cost(16.305won), management cost(5,255won) and transportation cost (9,098won). In conclusion. Home nursing behavior care classification developed in this study would be used as home health care standard. And the home nursing care costs can be used as a fundamental data for the further development of home health care costs in Korea.

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International Comparison of Railway Freight Performance (국가별 철도물류 운영현황 비교연구)

  • KIM, Young Joo;KWON, Yong Jang;HUR, Jun;CHUNG, Sung Bong
    • Journal of Korean Society of Transportation
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    • v.33 no.5
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    • pp.431-440
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    • 2015
  • This study aims to quantify the railway freight performance using various indicators, to compare it over many countries, and to evaluate efficiency of railway freight in Korea. The indicators developed in this study was classified into two categories; country-specific and company-specific indicator. The former includes freight train density, average gross train load and average haul while the latter contains revenue/ton-km, ratio of operating costs to revenue, revenue per employee, ton-km per employee, costs per ton-km and ratio of labor costs to total operating costs. The results of this study shows that Korail performance is in low efficiency due to multi-frequency small amounts transport. The productivity of railway freight in Korea represented as ton-km per employee appears to be lower than that of other oversea companies considered in this study.

Economic Evaluation of Rosuvastatin and Atorvastatin for the Treatment of Dyslipidemia from a Korean Health System Perspective (이상지질혈증 환자에게 사용되는 Rosuvastain과 Atorvastatin의 경제성 평가)

  • Suh, Sunghwan;Jung, Chang Hee;Hong, Soon-Jun;Kim, Jung-Sun;Song, Byung Ju;Sohn, Hyun Soon;Choi, Sung Hee
    • Journal of Lipid and Atherosclerosis
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    • v.5 no.1
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    • pp.61-77
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    • 2016
  • Objective: This study aims to analyze cost-effectiveness of two most-commonly used statins from the perspective of the Korean national health system. Methods: The scope of the analysis included rosuvastatin (5 mg, 10 mg, and 20 mg) and atorvastatin (10 mg, 20 mg, 40 mg, and 80 mg). Effectiveness was defined as percentage (%) and absolute (mg/dL) reductions of low-density lipoprotein cholesterol (LDL-C) from the baseline. They were derived from published randomized controlled studies for rosuvastatin and atorvastatin. Effectiveness was defined as reductions in LDL-C levels per mg dose of the drugs. The annual direct medical costs including drug acquisition costs and monitoring costs over the one-year time horizon were calculated for each alternative. The average cost-effectiveness ratios (ACERs) and incremental cost-effectiveness ratios (ICERs) for each statin dose were calculated. Results: The ACERs for all doses of rosuvastatin (5 mg, 10 mg, and 20 mg) were lower than those for all doses of atorvastatin (10 mg, 20 mg, 40 mg, and 80 mg). Rosuvastatin 10 mg was the most cost-effective statin for LDL-C reduction. In cost-effectiveness analyses for corresponding doses of rosuvastatin and atorvastatin, rosuvastatin was the superior strategy which suggests both higher effectiveness and lower costs than atorvastatin. However, we have to consider this analysis is highly influenced by current price of statins in each market. Conclusion: For reduction of LDL-C levels in Korean patients with dyslipidemia, rosuvastatin 10mg is the most cost-effective statin in the current Korean market.