• Asia pacific journal of information systems
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• 제13권3호
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• pp.173-193
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• 2003

As the interest in the business-to-business(B2B) electronic commerce is increasing, some companies are participating in the B2B eMarketplaces(electronic marketplaces). The eMarketplace has an effect on the method of B2B transactions or the purchasing performance. The academy and the industry are focused on the cause and the result of this effect. The purpose of this research is to analyze the effects of the relational exchange with eMarketplace on the purchasing performance, considering the supply externality and system integration as intervening variables. This study investigates the second-order effect of eMarketplace in which the degree of improvements in two aspects of purchasing activity(price reduction, purchasing efficiency) depends on the degree of the relational exchange with eMarketplace, namely, the governance of eMarketplace. Our hypotheses on this second order effect were supported. We found that the higher the relational governance, the lower in price reduction, and the better in purchasing efficiency. In more details, the high relational governance lowers the supply externality, and in turn deteriorates the improvement in price reduction. Meanwhile, the high relational governance accelerates the information system integration, and brings the better purchasing efficiency. Our findings suggest that organizations can improve their purchasing activities better if they choose the appropriate eMarketplace governance.

• 한국벤처창업학회:학술대회논문집
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• 한국벤처창업학회 2018년도 춘계학술대회
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• pp.187-190
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• 2018

The study examines the effects of the regulation on cryptocurrency market, investigating a case in South Korea. As South Korea has one of the largest market share of the cryptocurrency market for the time being, its regulation in South Korea affected the entire markets around the World. This research in progress will use the method of difference-in-differences to assess the effects of regulation to the market. The findings indicate that there is a significant reduction of the Bitcoin price and the price volatility was significantly reduced by about 58% after the regulation of the cryptocurrency market. More so the trading activity indicates a huge decline after regulation was implemented.

• 자원ㆍ환경경제연구
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• 제14권3호
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• pp.753-773
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• 2005

시장점유율을 고려한 OPEC와 비OPEC의 게임을 고려한 원유공급 투자모형을 분석한다. 국제유가의 불확실성을 반영하기 위하여 확률투자모형인 실물옵션 모형을 이용한다. 원유공급시설의 확장 및 감축을 위한 조정은 국제유가로 표시되는 분기점으로 나타난다. 국제유가가 확장(감축)분기점을 초과(하회)하면 OPEC는 공급시설을 확장(감축)한다. 최근 국제유가를 활용한 시뮬레이션 분석 결과, 확장분기점은 배스켓 가격 기준으로 높게는 56.93달러/배럴, 낮게는 48.44달러/배럴인 것으로 나타났으며, 감축분기점은 36.52달러/배럴과 36.93달러/배럴 사이에 머무는 것으로 나타났다.

• 자원ㆍ환경경제연구
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• 제25권3호
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• pp.449-470
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• 2016

본 연구는 14개 원전 운영국, 22개 제조업군을 대상으로 전원에서 원전이 차치하는 비중의 변화가 제조업 성장에 미치는 영향을 분석하였다. 한 국가의 원전비중 변화는 전력가격의 변화를 통하여 산업의 부가가치와 생산량에 영향을 미친다는 가설을 동태적 패널데이타 모형을 이용하여 분석하였다. 주요 6개국의 분석결과에 따르면 원전비중이 1%p 증가할 경우 전기 가격은 0.8%감소하는 것으로 추정이 되었다. 또한 주요 6개국에 국한된 분석 결과에서는 원전 비중이 1%p 증가하였을 경우 산업별 부가가치 및 생산량은 단기에 0.16% 및 0.23% 증가하였고 장기적인 효과는 0.51% 및 0.85%에 달하였다. 전력요금 절감을 통하여 원전이 산업경쟁력에 기여하는 효과는 전력시장의 제도에 따라 달리하는 것으로 추정이 된다. 영국과 일본과 같이 전력가격 수준이 높고 변동폭이 큰 국가에서 전력요금 절감을 통한 산업경쟁력 제고가 크게 나타나는 반면, 원전 축소정책을 지향하는 독일에서는 전력요금 절감보다는 안정적인 전력수급을 통하여 산업경쟁력에 기여하는 것으로 본 논문의 결과를 해석할 수 있다.

• 유통과학연구
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• 제13권5호
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• pp.71-82
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• 2015

Purpose - The purpose of this study is to investigate risk price implied from the pricing kernel of Korean stock distribution market. Recently, it is considered that the quantitative easing programs of major developed countries are contributing to a reduction in global uncertainty caused by the 2007~2009 financial crisis. If true, the risk premium as compensation for global systemic risk or economic uncertainty should show a decrease. We examine whether the risk price in the Korean stock distribution market has declined in recent years, and attempt to provide practical implications for investors to manage their portfolios more efficiently, as well as academic implications. Research design, data and methodology - To estimate the risk price, we adopt a non-parametric method; the minimum norm pricing kernel method under the LOP (Law of One Price) constraint. For the estimation, we use 17 industry sorted portfolios provided by the KRX (Korea Exchange). Additionally, the monthly returns of the 17 industry sorted portfolios, from July 2000 to June 2014, are utilized as data samples. We set 120 months (10 years) as the estimation window, and estimate the risk prices from July 2010 to June 2014 by month. Moreover, we analyze correlation between any of the two industry portfolios within the 17 industry portfolios to suggest further economic implications of the risk price we estimate. Results - According to our results, the risk price in the Korean stock distribution market shows a decline over the period of July 2010 to June 2014 with statistical significance. During the period of the declining risk price, the average correlation level between any of the two industry portfolios also shows a decrease, whereas the standard deviation of the average correlation shows an increase. The results imply that the amount of systematic risk in the Korea stock distribution market has decreased, whereas the amount of industry-specific risk has increased. It is one of the well known empirical results that correlation and uncertainty are positively correlated, therefore, the declining correlation may be the result of decreased global economic uncertainty. Meanwhile, less asset correlation enables investors to build portfolios with less systematic risk, therefore the investors require lower risk premiums for the efficient portfolio, resulting in the declining risk price. Conclusions - Our results may provide evidence of reduction in global systemic risk or economic uncertainty in the Korean stock distribution market. However, to defend the argument, further analysis should be done. For instance, the change of global uncertainty could be measured with funding costs in the global money market; subsequently, the relation between global uncertainty and the price of risk might be directly observable. In addition, as time goes by, observations of the risk price could be extended, enabling us to confirm the relation between the global uncertainty and the effect of quantitative easing. These topics are beyond our scope here, therefore we reserve them for future research.

• 플랜트 저널
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• 제14권1호
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• pp.47-51
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• 2018

본 연구에서는 석탄화력발전의 출력 감소가 계통한계가격과 온실가스감축량에 어떻게 영향을 미치는지 분석하였다. 분석방법은 국영 발전회사에서 이용하는 전력거래예측프로그램을 이용하였으며 전력계통의 운영조건은 제7차 전력수급기본계획의 전력수요와 전원구성을 근거로 하였다. 분석결과 전체 석탄화력발전의 최대출력을 29 [%]까지 감소한 경우 계통한계가격은 감소전과 비교하여 12 [%p] 상승하고 온실가스 배출량은 9,966 [kton] 감축되었다. 또한 석탄화력발전기 전체 용량의 30 [%]에 해당하는 저효율 석탄화력발전기 16기를 정지한 경우 계통한계가격은 14 [%p] 까지 증가하였고 온실가스 배출량은 12,574[kton]까지 감축 가능함을 알 수 있었다.

• 전력전자학회:학술대회논문집
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• 전력전자학회 2017년도 전력전자학술대회
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• pp.596-597
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• 2017

For General Purpose Inverter dedicated in Motor drive, this market is blood market due to low market price. So, developing engineer must consider the cost reduction plan and do action. This inverter always needs to measure current and shunt solution can be one of cost reduction solution.

• 한국산업융합학회 논문집
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• 제25권6_3호
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• pp.1207-1219
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• 2022

「Act On Contracts To Which The State Is A Party」 stipulates that the "Construction Standard Production Rate" and "Construction Standard Unit Price" be used as the criteria for determining the estimated price of construction works performed by public institutions. In this regard, issues such as the application scope of the Construction Standard Unit Price, and the effect of budget reduction continue. However, due to the lack of quantitative data on the actual application of Construction Standard Unit Price, it is difficult to objectively evaluate various issues. In order to prepare data for objective evaluation of the Construction Standard Unit Price, this study analyzed the ripple effect of applying the Construction Standard Unit Price based on the bill of quantity. As a result of the analysis, the Construction Standard Unit Price ripple effect in the civil engineering part was 9.2%, and it was analyzed that there was a ripple effect of about 1.9% based on the civil engineering direct cost. In the construction part, the ripple effect was analyzed to be relatively high at 17%, but it was found to have a ripple effect of about 3% in the construction direct cost. Based on the total direct cost, the ripple effect was calculated as 2.2%. Based on the analysis results, it is possible to evaluate the effect of applying the Standard Market Unit Price, and it is expected to be used as basic data to solve issues. As a future study, it is necessary to additionally analyze the ripple effect by Standard Market Unit Price application range (over 10 billion, over 20 billion won, etc.) and delivery system type (comprehensive evaluation, qualification examination, technical bidding, etc.). In addition, it is necessary to study the appropriate ripple effect of the Standard Market Unit Price.

• 국제학술발표논문집
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• The 3th International Conference on Construction Engineering and Project Management
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• pp.1433-1439
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• 2009

Best value is the ultimate goal of the owner and can thus have diverse meanings according to the project characteristic, owner's purpose, user groups' payment capability, etc.. Recently, resettlement problems of the marginalized members in the urban regeneration area have been issued in Korea because they have no capability to purchase (or lease) redeveloped housing (or apartment). It means that a minimized production cost for reducing supply price of housing is a key factor in establishing the best value of the marginalized members. The lowest-price bidding system serves the purpose of ensuring a minimized production cost, but due to the low-cost investments, it creates various problems, such as sloppy construction, lowered quality, an increased LCC, and worsening profitability for builders. Thus, to help them resettle, it is necessary to supply affordable housing geared towards a certain appropriate quality and minimum construction costs. Towards this end, this study aimed to propose a cost reduction bidding system based on a technical proposal. The proposed technical-proposal-based cost reduction bidding system consists of the following components: work-unit-based, project-unit-based, and construction-period-reducing technical proposals. These components are evaluated to select the best bidder for a given project. The technical proposal based cost reduction bidding system proposed herein is expected to provide facilities with appropriate supply prices and appropriate quality levels, to bolster the technological competitiveness of builders.

• 농업과학연구
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• 제48권4호
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• pp.911-926
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• 2021

We devised a grape variety model to estimate the impact of lowering the Shine Muscat quality level on the grape market. Shine Muscat has become a popular grape variety in Korea. Accordingly, the area devoted to the harvesting of Shine Muscat has increased dramatically since 2016. Our study examines how a reduction in the quality of Shine Muscat affects other grapes such as Campbell Early, giant peak, and Muscat Bailey A (MBA). The Armington model was used to impose consumer preferences and product differentiation assumptions. We found that a decrease in the consumer preference for Shine Muscat realized by lowering the quality of Shine Muscat largely reduces the price of this variety. Also, the prices of other grape varieties fell via a substitute effect. Moreover, if grape varieties were more differentiated, the reduction in the price of Shine Muscat would be greater, while the decreases in the prices of other grape varieties would be smaller. These results imply that farmers of Shine Muscat must continue with quality management efforts to avoid the negative effect of changing consumer behavior with regard to Shine Muscat against a reduction in its quality. Our model introduces a product differentiation model for the fruit market and helps policymakers and farmers understand the impact of changing market conditions in the fruit market.