• Title/Summary/Keyword: Price determination

Search Result 142, Processing Time 0.029 seconds

The Determination of Gasoline Pricing and the Policy Effect of Dereguration (휘발유 가격결정과 유가 자유화정책에 관한 연구)

  • Sonn, Yang-Hoon;Na, In-Gang
    • Environmental and Resource Economics Review
    • /
    • v.11 no.3
    • /
    • pp.493-513
    • /
    • 2002
  • This empirical study analyzed the policy effect of deregulation in oil product prices. To investigate the effect of deregulation, it is tested whether gasoline prices are determined by market power. Also, the role of government in gasoline tax system is investigated. The empirical analysis has been done by using error correction model. The major findings are as follows. First of all, no significant empirical evidence is found to support that the deregulation affects the determination of gasoline prices. Secondly, the short-term CIF elasticity is estimated to be 0.14. This finding implies that if CIF increases 10%, the gasoline prices increase 1.4%. Finally, the investigation on government role in deregulated market shows that the government has still exercise the power of control through the tax system. For example, the government is seemed to increase the gasoline price more than the increase amount caused by the international oil prices and the exchange rates, because of the intention to achieve the internal revenue increases and lead to gasoline conservation.

  • PDF

Determination of the Process Mean Based on Screening Variable with Inspection Error (스크리닝 변수를 이용한 공정 평균 설정 : 검사 오류가 있는 경우)

  • Seo, Young-Dae;Jang, Joong-Soon
    • Journal of Korean Society for Quality Management
    • /
    • v.22 no.4
    • /
    • pp.28-39
    • /
    • 1994
  • This study is concerned with determination of an optimal target value in a filling process. Complete inspection procedures are widely used to improve outgoing quality of products. In many cases, however, it may be impossible or noneconomical to measure the quality characteristic, performance variable, directly. In such cases, it is a common practice to select an easily measurable variable which is highly correlated with the performance variable and perform screening products for the variable. This study proposes a model to determine the target value and the inspection rule based on the screening variable. This, study deals with the cases in which rejected products would be scrapped and sold at a reduced price in secondary markets.

  • PDF

Bayesian Algorithm for Indoor Semantic Location Determination (의미 공간에서의 실내 측위를 위한 베이지안 알고리즘)

  • Kim, Hee-Kyum;Tak, Sung-Woo
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
    • /
    • 2011.10a
    • /
    • pp.507-510
    • /
    • 2011
  • As the amount of the wireless mobile products like a 'Smart phone' used increases, the studies about the Location Based Service (LBS) is highly increasing. Outdoor location determination can use the GPS which is built-in in the wireless mobile products. However, it is not possible to use GPS inside the huge cruise bigger than a normal building, it is regarded to consider Indoor location determination which is appropriate at the inside environment. Wi-Fi (Wireless Fidelity) does not need an extra installation process because it is already installed here and there inside the building. In this respect, Wi-Fi has low price competitiveness compared to other wireless sensor products. In this paper, I will introduce 'Bayesian Algorithm' which can recognize useful space with Wi-Fi signal.

  • PDF

목장원유의 경시별 유질 변화 및 보존제 사용에 관한 연구

  • Mun Jin San;Ju Lee Seok;Im Suk Gyeong;Jang Geum Chan;Kim Jong Yeom;Pyo Su Il;Sa Hyeok;Bae Eun A
    • Journal of the korean veterinary medical association
    • /
    • v.35 no.3
    • /
    • pp.186-197
    • /
    • 1999
  • The differences in milk payment systems with regard to price determination, quality standards are large among countries. but the nature of payment systems were related to milk quality and hygienic qualitys. The number of samples for analysis varied agains

  • PDF

Bidding Strategy Determination by Defining Strategic Vector

  • Kang, Dong-Joo;Kim, Balho H.;Chung, Koo-Hyung;Moon, Young-Hwan
    • KIEE International Transactions on Power Engineering
    • /
    • v.3A no.1
    • /
    • pp.47-52
    • /
    • 2003
  • This paper presents a schematic process based on the method of eliminating dominated strategies to obtain the optimal bidding strategy Pursuing the Nash equilibrium Point. The Proposed approach is demonstrated for a bidding game in a generation competitive market with 2-dimensional bidding strategy vectors constituting a price-quantity strategy curve.

Study on Effects of Alternative Investment Goods in the Era of IT in Relation to Bid Rate of Neighboring Shopping Area (IT 시대의 대체투자재가 근린상가 낙찰가율에 미치는 영향에 관한 연구)

  • Jung, Chan-Kook;Kim, Dong-Hyun
    • The Journal of the Korea institute of electronic communication sciences
    • /
    • v.9 no.3
    • /
    • pp.377-386
    • /
    • 2014
  • This study analyzed how alternative investment goods would affect a market in a neighboring shopping area in order to provide parties involved in the investment market of this neighboring shopping area with standards which would help them when they try to make a reasonable determination. The study estimated forms and explanation power of the effects of a bid rate of a neighboring shopping area, and came up with those results as follows. Increases in the representative macro economic indicators, the composite stock price index and the fluctuation rate of land price, including the real estate business would have a positive influence on the market of the neighboring shopping area as playing a circumstantial evidence of market recovery and yet, the increase in interest rate, the alternative investment goods, would reduce the relative price-earnings ratio which would, eventually, negatively affect the charm of the investment in the market of the neighboring shopping area. The study, now, understands that housing with a feature of consumers' goods and neighboring shopping area with a feature of investment goods would not have great concern with each other as they are observed to be two different markets from an aspect of interactionism.

A Study on the Improvement Method on Calculating the Damages Caused by the Bid Rigging in the Construction Work (건설공사 입찰담합으로 인한 손해액 산정 개선방안 연구)

  • Min, Byeong-Uk;Park, Hyung-Keun
    • KSCE Journal of Civil and Environmental Engineering Research
    • /
    • v.37 no.6
    • /
    • pp.1053-1061
    • /
    • 2017
  • The study is concerned with providing the improvement method on making a reasonable and scientific decision on the damages accrued from the bid rigging in the construction work. According to the review on the precedent studies and decision cases on the damages caused by bid rigging, the representative problems include the insufficiency of the classification system on the damage calculation method and the omission of the necessary stage in the damage determination process. First, the improved classification system on calculating the damages caused by bid rigging is presented with the application to the bid rigging in the construction work by adding the ratio factor in addition to the damage calculation parameters such as price and cost. Second, the standard procedures organized with six stages is presented as the process required for determining the damages if the indemnification for bid rigging is claimed. The study becomes the foundation for resolving the problem with the undue burden on a party and for preventing the opportunity loss by resolving a dispute early through the improvement classification system and standard procedures presented in the study.

Determination of Urban-Life Housing Price and Return Ratio by Location (도시형생활주택의 입지별 분양가격 및 수익률 결정요인)

  • Park, Jin-A;Woo, Chul-Min;Baik, Min-Seok;Shim, Gyo-Eon
    • The Journal of the Korea Contents Association
    • /
    • v.12 no.11
    • /
    • pp.469-481
    • /
    • 2012
  • The demand for small-sized housing has been increasing due to the recession of real-estate price and the increase of small-sized households. Especially, the demand for affordable housing has been increasing since the style of housing and the location fits the lifestyle of small-sized household. In addition, many investors have been buying it because it has advertised as an investment property holding high-return ratio. However, an empirical analysis about the selling price and the return ratio has not been done yet. Therefore, the purpose of the research is having the empirical analysis based on the selling price and return ration by examining the affordable housing in Seoul. The urban-life housing more than 50 generations of the Seoul was irradiated for the analysis. And the linear regression analysis and PLS(Partial Least Square Regression) analysis was used for the empirical analysis. The result of analysis, based on the linear regression analysis, showed that factors including neighboring housing price and subway catchment area have a significant effect to the determinant factors of housing price. The analysis for return ratio showed neighboring housing price, subway catchment area and amenities affects the ratio. Especially, the fault of using small sample was covered by using the partial least square regression in this research.

Joint Price and Lot-size Determination for Decaying Items with Ordering Cost Inclusive of a Freight Cost under Trade Credit in a Two-stage Supply Chain (2 단계 신용거래 공급망에서 운송비용이 포함된 주문 비용을 고려한 퇴화성제품의 재고정책 및 판매가격 결정 모형)

  • Shinn, Seong-Whan
    • The Journal of the Convergence on Culture Technology
    • /
    • v.6 no.2
    • /
    • pp.191-197
    • /
    • 2020
  • As an effective means of price discrimination, some suppliers offer trade credit to the distributors for the purpose of increasing the demand of the product they produce. The availability of the delay in payments from the supplier enables discount of the distributor's selling price from a wider range of the price option in anticipation of increased customer's demand. In this regard, we consider the problem of determining the distributor's optimal price and lot size simultaneously when the supplier permits delay in payments for an order of a product whose demand rate is represented by a constant price elasticity function. It is assumed that the distributor pays the shipping cost for the order and hence, the distributor's ordering cost consists of a fixed ordering cost and the shipping cost that depend on the order quantity. For the analysis, it is also assumed that inventory is depleted not only by customer's demand but also by decay. We are able to develop a solution algorithm from the properties of the mathematical model. A numerical example is presented to illustrate the algorithm developed.

A Study on the Influence Factors of the Ratio of Assessment Value to Sale Price of Forest Land - Focused on the Sales Case of Forest Land in Gwangju, Gyeonggi-do - (임야가격의 현실화율 영향요인 연구 - 경기 광주의 임야 거래사례를 중심으로 -)

  • Lee, Kyu-Tai
    • Journal of Cadastre & Land InformatiX
    • /
    • v.53 no.2
    • /
    • pp.19-37
    • /
    • 2023
  • This study empirically analyzed the determinants of the assessment ratio (hereinafter 'AR') based on a total of 2,129 sales cases of forests in Gwangju, Gyeonggi-do. The main findings of this study through multiple regression analysis are summarized as follows. First, this study shows that regional characteristics have significantly different effects on the AR of forest land prices. Specifically, there was a significant difference in the AR depending on the location of the parcel by sub-region and the ratio of residential area, and the higher the number of development plans in progress, the more likely the officially assessed land price will be formed close to the sale price. Second, this study analyzed that location characteristics such as the proximity of the inner and outer center of the jurisdiction and traffic accessibility had a significant influence on the determination of the AR. Third, this study identified significant differences in AR depending on detailed factors such as planning management areas, production management areas, conservation areas for mountain, conservation areas for nature, and restricted development areas as land use and regulatory characteristics of forest lands. Fourth, this study found that land characteristics are a significant factor influencing the AR as an individual factor in forest land.