• Title/Summary/Keyword: Optimal Price

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A Distributed Multiple Spectrum Pricing Scheme for Optimality Support in Multiaccess Systems

  • Choi, Yong-Hoon;Sohaib, Khan;Kim, Hoon;Chang, Kap-Seok;Kang, Sung-Yeol;Han, Young-Nam
    • Journal of Communications and Networks
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    • v.11 no.4
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    • pp.368-374
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    • 2009
  • This paper focuses on a distributed multiple spectrum pricing scheme to maximize system capacity in next generation multiaccess systems, where multimode user equipments (MUEs) can connect simultaneously to multiple base stations (BSs) with multiple radio access technologies (RATs). The multi-price based scheme provides a distributed decision making for an optimal solution where radio resource allocations are determined by each MUE, unlike most centralized mechanisms where BS controls the whole radio resource. By the proposed optimal solution, MUEs can decide their share of spectrum bands and power allocation according to the spectrum price of each RAT, and at the same time the multiaccess system can achieve maximized total throughput. Numerical analysis shows that the proposed scheme achieves the maximal capacity by distributed resource allocation for the multiaccess system.

A Basic Study on Estimation Model Development by Applying Probabilistic Forecasting Method for Determining Optimal Price of Residential Officetel (확률론적 추정 기법을 적용한 주거형 오피스텔의 최적 분양가 산정 모델 개발 기초연구)

  • Jang, Jun-Ho;Kim, Tae-Hui;Ha, Sung-Eun;Son, Ki-Young
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.11a
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    • pp.191-192
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    • 2017
  • In response to the economic depression, the demand for fixed rent income has increased according to the easing construction regulations. it caused indiscriminated investment to stakeholders. This leads to oversupply in the multi-family Housing market and increases unsold housing and vacancy rates except specific area such as Gangnam-gu.In order to solve this issue, although studies on the optimization price of apartment houses has been conducted, the study is insufficient regarding on residential officetel. Therefore, the objective is to suggest a basic study on optimal price estimation model development by using probabilistic forecasting method in planning phase. To achieve the objective, first, variables are defined such as expenses, financial costs, income, etc. Second, causal loop diagram is suggested. Third, basic optimization prices estimation model is developed. In the future, this study can be used as one of decision making tools in planning phase of officetel development projects.

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Cost-efficient Fabrication of Colorless and Optically Transparent Polyimide Film for Flexible Displays (비용 효율적인 유연 디스플레이용 무색 투명 폴리이미드 필름 제작)

  • Dawoon Jo;Ji-Ho Kim;Chung-Seog Oh
    • Journal of the Semiconductor & Display Technology
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    • v.22 no.1
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    • pp.33-38
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    • 2023
  • As the demand for large flexible displays such as tablet computers continues to rise, there is an increasing need for cost-efficient colorless and optically transparent polyimide film that can meet the desired performance, particularly optical transmittance. In this study, we investigated a detailed procedure for achieving optimal optical transmittance using two different combinations of monomers: 6FDA+BAPB and 6FDA+BPA+TFDB. We employed a design of experiment method to systematically synthesize polymers, allowing for the optimization of optical transmittance. In addition, we were able to achieve uniform thickness in the films by using a doctor blade. By comparing the price and optical transmittance of four different monomer combinations, we obtained fundamental data on the production of polyimide films that can be customized to meet the specific price and performance requirements of manufacturers. This approach enables users to select the most suitable polyimide film based on their desired price and performance parameters while achieving optimal optical transmittance.

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An Analysis of Market Segmentation and the Competitive Structure of the Shoes Market in Korea (우리나라 제화시장의 시장세분화 및 경쟁구조 분석)

  • Shin, Joung-Won;Hwang, Sun-Jin;Lee, Yun-Kyung
    • Journal of the Korean Society of Costume
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    • v.58 no.7
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    • pp.92-103
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    • 2008
  • The purpose of this study was to subdivide the shoes market in Korea and to evaluate the size and competitive strength of each segment. In order to implement the purpose of this study, the data of 300 respondents were analyzed using CBC(Choice-Based Conjoint measurement) and mixture model. The part-worth utilities were then used to predict the impact of price change on the choice probability using the legit model. As a result, the mixture model showed the optimal segments number and the shoes market in Korea was divided into 4 segments. Each segment was identified by distinctive characteristics such as brands, price and demand for comfortable shoes. Also, as a result of grasping the competitive structure and the competitive strength by sub-markets, one group was sensitive to price according to each competitive situation, whereby the choice probability was greatly influenced, and the other group on the contrary. This study made it clear that discrimination between brands whose profits Increase sharply if price is lowered and brands whose profits do not increase even if price is lowered can help brand managers with their decision-making on price lowering.

Optimal Pricing and Ordering Policies with Price Dependent Demand Linearly under Order-Size-Dependent Delay in Payments

  • Shinn, Seong-whan
    • International Journal of Advanced Culture Technology
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    • v.9 no.2
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    • pp.91-99
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    • 2021
  • In Korea, some pharmaceutical companies and agricultural machine manufacturers associate the length of the credit period with the retailer's order size. This kind of commercial practice is based on the principle of economy of scale from the supplier's point of view and tends to make retailer's order size large enough to qualify a certain credit period break. Also, the credit period allowed by the supplier makes it possible to reduce the retail price expecting that the retailer can earn more profits by the stimulating the customer's demand. Since the retailer's order size is affected by the end customer's demand, it is reasonable to determine the retail price and the order size simultaneously. In this regard, this paper analyzes the retailer's problem who has to decide his sales price and order quantity from a supplier who offers different credit periods depending on his order size. And we show that the retailer's order size large enough to qualify a certain credit period break. Also, it is assumed that the end customer's demand rate is represented by a linear decreasing function of the retail price.

Contribution analysis of Hanwoo carcass traits on unit price in national slaughter house

  • Eum, Seung-Hoon;Park, Hu-Rak;Seo, Jakyeom;Cho, Seong-Keun;Kim, Byeong-Woo
    • Korean Journal of Agricultural Science
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    • v.43 no.4
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    • pp.603-611
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    • 2016
  • The aim of this study was to analyze the contribution factors (backfat thickness, eye muscle area, carcass weight, marbling score, and feeding period) affecting meat unit price (South-Korean Won / Kg of meat). The best slaughtering age to maximize unit price was also assumed. All data used in this study were acquired from the Korea Institute for Animal Products Quality Evaluation from 2010 to 2014. Contributions to the estimated unit price of cows by the following factors, backfat thickness, eye muscle area, carcass weights, feeding period, and marbling score were 2.65%, 0.04%, 1.58%, 1.58%, and 95.72%, respectively. Contribution to estimated unit price of steers by the same factors (backfat thickness, eye muscle area, carcass weights, feeding period, and marbling score) were 7.88%, 1.24%, 0.07%, 90.81%, and 95.72%, respectively. Slaughtering ages ranged from 26 to 36 months and the data were separated into each month for an 11 month period. The unit price of meat from Hanwoo slaughtered at 30 months was highest among groups. The lowest unit price was observed in the group belonging to the Hanwoo slaughtered at 36 months. In conclusion, of all contributing factors, marbling score affected unit price the most. Based on our results, it is recommended that the optimal slaughtering age be set at 30 months to maximize unit price. Moreover, the feeding of beef cattle past 30 months of age is not recommended because of the increase in feeding costs.

An Analysis of Consumers Preferences and Price Sensitivity when Purchasing Domestic Wine (국내산 포도주에 대한 소비자 선호 및 가격 민감성 분석)

  • Son, Mi-Yeon;Ryu, Jin-Chun;Kim, Tea-Kyun
    • Food Science and Preservation
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    • v.16 no.1
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    • pp.17-22
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    • 2009
  • This study analyzes consumers preferences and price sensitivity when buying domestic wine. Data were collected from the consumers (n=200) living in Daegu, Korea. Statistical analyses evaluated purchase, frequency, perceptual mapping, and price sensitivity measurement (PSMs) using SPSS software. Among three domestic wines, ice wine (Vin Coree) attracted most customer satisfaction. The second most popular wine was a white wine (Vin Coree) and the third was a red wine (Royal Campbell). The colors of the red and white wines were highly valued, and bottle design was reported to be the best feature of ice wine. Red wine needs to increase in price and to improve in quality because the price is lower than the point of marginal cheapness. White wine should be reduced in price because the price is higher than the optimal pricing point. The price of ice wine is equal to the point of marginal expensiveness; Thus, the price of ice wine should be reduced.

Finding Optimal Small Networks by Mathematical Programming Models (수리계획 모형을 이용한 최적의 작은 네트워크 찾기)

  • Choi, Byung-Joo;Lee, Hee-Sang
    • IE interfaces
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    • v.21 no.1
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    • pp.1-7
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    • 2008
  • In this paper we study the Minimum Edge Addition Problem(MEAP) to decrease the diameter of a graph. MEAP can be used for improving the serviceability of telecommunication networks with a minimum investment. MEAP is an NP-hard optimization problem. We present two mathematical programming models : One is a multi-commodity flow formulation and the other is a path partition formulation. We propose a branch-and-price algorithm to solve the path partition formulation to the optimality. We develop a polynomial time column generation sub-routine conserving the mathematical structure of a sub problem for the path partition formulation. Computational experiments show that the path partition formulation is better than the multi-commodity flow formulation. The branch-and-price algorithm can find the optimal solutions for the immediate size graphs within reasonable time.

Accelerating Effect of 2-Chloroethyl Phosphonic Acid Foliar Applications on Leaf Tobacco Maturity (2-Chloroethyl Phosphonic Acid가 잎담배 조열에 미치는 영향)

  • 곽병화
    • Journal of Plant Biology
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    • v.15 no.2
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    • pp.1-6
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    • 1972
  • Cultivar Yeollow Special A, the most leading Korean economic leaf tobacco in Korea, were field-cultivated in four different localities of Korea for the period of two years (1970 and 1971) and sprayed at varied levels of 2-chloroethyl phosphonic acid (CEPA) for foliar application few days after topping. While no striking difference in leaf yield by weight was obtained among the treatments when compared with control, leaf quality as expressed for shipment price in won tended when compared with control, leaf quality as expressed for shipment price in won tended to improve. The treated leaves with 300 to 900 ppm of CEPA (approximately 140 1/acre of 500 ppm) not only showed yellowing and accelerated maturity to pick 4 to 5 days with practicable optimal level earlier than control, but also speeded up to take nearly with practicable optimal level earlier than control, but also speeded up to take nearly last half of the total time required for the five stages of flue-curing. It is therefore considered that CEPA is as effective maturity-accelerating agent and useful as known for other solanaceous plants showing climacteric stage respiration, and discussions were made about physiological actions of ethylene gas released from CEPA at plant tissues sprayed.

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Exchange Rate Pass-through, Nominal Wage Rigidities, and Monetary Policy in a Small Open Economy

  • Rhee, Hyuk-Jae;Song, Jeongseok
    • East Asian Economic Review
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    • v.22 no.3
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    • pp.337-370
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    • 2018
  • This paper discusses the design of monetary policy in a New Keynesian small open economy framework by introducing nominal wage rigidities and incomplete exchange rate pass-through on import prices. Three main findings are summarized. First, with the existence of an incomplete exchange rate pass-through and nominal wage rigidities, the optimal policy is to seek to minimize the output gap, the variance of domestic price and wage inflation, as well as deviations from the law of one price. Second, the CPI inflation targeting Taylor rule is welfare enhancing when there is a technological shock to the economy. The exception occurs when there is a foreign income shock, which minimizes welfare losses under the domestic inflation targeting Taylor rule. Last, two stylized Taylor rules turn out to be a bad approximation, but the modified Taylor rules that respond to the unemployment gap rather than the output gap are a closer approximation to the optimal policy.