• Title/Summary/Keyword: Price sensitivity

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Analysis of the Robot for Detection of Improvised Explosive Devices and a Technology for the CNT based Detection Sensor (급조 폭발물(IED) 제거 로봇의 개발비용 분석 및 카본나노튜브 기반 탐지센서기술에 관한 연구)

  • Kwon, Hye Jin
    • Journal of the Semiconductor & Display Technology
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    • v.17 no.1
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    • pp.54-61
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    • 2018
  • In this study, two aspects were analyzed about the robot for removal of explosive devices. First, the cost analyses were performed to provide a reasonable solution for the acquirement of the system. It is processed by an engineering estimate method and the process was consisted of two ways : a system development expense and a mass production unit price. In additions, the resultant cost analyses were compared between the cases excluding and including a mines detection system. As results, in the case of the acquirement of the robot system for removal of explosive devices, it is recommended that the performance by improving the mines detection ability should be considered preferentially rather than the cost because the material cost for the mines detection system is negligible compared to the whole system cost. Second, as a way for improving the system performance by the mine detection function, the carbon nanotube (CNT) based sensor technology was studied in terms of sensitivity and simple productivity with presenting its preliminary experimental results. The detection electrodes were formed by a photolithography method using a photosensitive CNT paste. As results, this method was shown as a scalable and expandable technology for the excellent mines detection sensors.

Clustering-driven Pair Trading Portfolio Investment in Korean Stock Market (한국 주식시장에서의 군집화 기반 페어트레이딩 포트폴리오 투자 연구)

  • Cho, Poongjin;Lee, Minhyuk;Song, Jae Wook
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.3
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    • pp.123-130
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    • 2022
  • Pair trading is a statistical arbitrage investment strategy. Traditionally, cointegration has been utilized in the pair exploring step to discover a pair with a similar price movement. Recently, the clustering analysis has attracted many researchers' attention, replacing the cointegration method. This study tests a clustering-driven pair trading investment strategy in the Korean stock market. If a pair detected through clustering has a large spread during the spread exploring period, the pair is included in the portfolio for backtesting. The profitability of the clustering-driven pair trading strategies is investigated based on various profitability measures such as the distribution of returns, cumulative returns, profitability by period, and sensitivity analysis on different parameters. The backtesting results show that the pair trading investment strategy is valid in the Korean stock market. More interestingly, the clustering-driven portfolio investments show higher performance compared to benchmarks. Note that the hierarchical clustering shows the best portfolio performance.

A Study of Meal Kit Purchase Intention Using the Extended Theory of Planned Behavior (ETPB): Moderating Effect of Consumer Awareness on ESG Management (확장된 계획행동이론(ETPB)을 적용한 밀키트의 구매의도에 관한 연구: ESG 경영에 대한 소비자 인식의 조절효과)

  • Yuting Han;Jieun Oh;Mi-sook Cho
    • Journal of the Korean Society of Food Culture
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    • v.38 no.4
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    • pp.246-257
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    • 2023
  • In this study, the Extended Theory of Planned Behavior (ETPB) was applied to analyze consumers' intention to purchase meal kits. The perception of ESG management practiced by companies was used as a moderating variable to investigate its influence and moderating effects between each variable. An online survey was conducted over 4 days in January 2023 on consumers aged 20 years or older who had purchased meal kits within 6 months. Hypotheses were tested using IBM SPSS Statistics 22.0 and AMOS 24.0 programs with an effective sample size of 324 copies (100%). Attitude, subjective norm, perceived behavioral control, perceived sustainable package, and price sensitivity of the theory of planned behavior toward meal kit products had a significant positive effect on purchase intention, and all research hypotheses were accepted. The moderating effect of consumers' perceptions of ESG management practiced by companies had a positive and significant effect on attitude and perceived behavioral control.

Development and Evaluation of an Inexpensive Weighing Chamber for Particulate Filters (미세먼지 여지의 무게 측정을 위한 저비용 계량챔버 개발 및 성능평가)

  • Jun-Hyun Park;Ho-Jin Lim
    • Journal of Environmental Science International
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    • v.32 no.2
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    • pp.131-137
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    • 2023
  • Filter and microbalance sensitivity in measuring fine particulate matter mass is greatly influenced by particulate properties and environmental factors. Temperature and humidity control inside a measuring chamber with a microbalance, and neutralization of static charges on filters are essential for consistent filter weighing. Commercial weighing chambers are expensive with a unit price of tens of millions won. This study developed an inexpensive weighing chamber for weighing fine particulate matter and evaluatedits weighing performance. A microbalance with 1 ㎍ precision was used to measure the weight of a filter. The microbalance was set in a transparent acrylic enclosure (100 × 60 × 65 cm3) equipped with temperature and humidity control equipments. Weighing performance of the chamber was examined using Teflon filters with or without different particulate sample types. Temperature and humidity were maintained at approximately 23.2±1.2 ℃ and 36.2±1.8℃ for 8 days, respectively.

Development of a Collaboration Recommendation Model between Global Consulting Firms using Link Prediction

  • Yu, Young-su;Koo, Bon-sang
    • International conference on construction engineering and project management
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    • 2020.12a
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    • pp.381-386
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    • 2020
  • Global construction and engineering consulting (E&C) firms are actively seeking entry into overseas markets based on loan projects from multilateral development banks to provide a basis for entry into overseas markets and sustainable growth. Bids on these projects are competitive between global top firms in terms of the technical level and price due to the limited number of projects; thus, developing a successful partnership to complement competence has become an essential element to win bids. In this regard, many studies have analyzed enterprises through characteristic analyses or the derivation of influential factors from the past social networks based on social network analysis (SNA). However, few studies have been conducted to reflect the process of changes to analyze collaborative relationships. Thus, this study aims to identify dynamic changes in past social networks and develop a model that can predict changes in the relationships between E&C firms based on similarities or differences between firms, presenting a methodology to target firms for appropriate collaboration. The analysis results demonstrate that the sensitivity of the developed prediction model was 70.26%, which could accurately predict 163 out of 232 actual cooperative cases.

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Development of a Numerical Analysis Model for Heating and Power Generation System Combining a Cattle Manure Solid Fuel Combustion Boiler and the Organic Rankine Cycle (우분 고체연료 연소 보일러와 유기랭킨사이클을 결합한 난방 및 발전 시스템의 수치해석 모델 개발)

  • Donghwan Shin;Hyeongwon Lee;Hoon Jung;Joonyoung Choi;Jongyoung Jo
    • New & Renewable Energy
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    • v.19 no.4
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    • pp.61-71
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    • 2023
  • The necessity of energy utilization using livestock manure has been proposed with the decrease in domestic agricultural land. Livestock manure solid fuel has been investigated as a promising energy resource owing to its convenient storage and use in agricultural and livestock fields. Additional electricity production is possible through the integration of a biomass combustion boiler with the organic Rankine cycle (ORC). In this study, a mathematical system model of the cattle manure solid fuel boiler integrated with the ORC was developed to analyze the components' performance under variable operating conditions. A sensitivity analysis was conducted to confirm the electrical efficiency of the ORC turbine and the applicability of this system. The minimum required waste heat recovery rate was derived considering the system marginal price and levelized cost of electricity of the ORC. The simulation results showed that, in Korea, more than 77.98% of waste heat recovery and utilization in ORC turbines is required to achieve economic feasibility through ORC application.

An Analysis of the Economic Effects of Unmanned Aerial Vehicle(UAV) Industry (무인항공기 산업의 경제적 파급효과 분석)

  • Kim, Kwang-Hoon;Won, Dong-Kyu;Yeo, Woon-Dong
    • The Journal of the Korea Contents Association
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    • v.18 no.2
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    • pp.216-230
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    • 2018
  • In this paper, we analyze the economic ripple effects of technology related to the unmanned aerial vehicle industry by applying industry association analysis. Specifically, the effects of employment creation, value added inducement, sensitivity coefficient, and influence coefficient can be calculated, and implications for the analysis result are presented. As a result, the employment inducement effect was confirmed to be 10.017 persons per 1 billion won of investment. The value added inducement effect was much higher than the other manufacturing industry average (employment inducement coefficient: 2.285, value added inducement coefficient: 0.581) when the 1 won budget was added, resulting in 0.9771 won added value. In the unmanned aerial vehicle industry, the coefficient of sensitivity, which means the front chain effect, is 0.7870, which is lower than the manufacturing average (sensitivity coefficient 1.125), and the coefficient of influence, which means the backward chain effect, is 1.161, which is higher than the manufacturing average (influence coefficient: 1.116). Therefore, it is classified as the final demand manufacturing industry. This means that the unmanned aerial vehicle industry is an industry that is less affected by economic fluctuations and can be interpreted as an industry with a greater economic impact than other sectors. Based on these data, it can be used to establish the R&D investment direction policy of the unmanned aerospace industry.

Efficacy and Cost Benefits of Rapid Antigen Detection Test for Group A Streptococci Obtained from Acute Pharyngitis in Children (소아 세균성 인두 편도염의 진단에 있어 신속 항원 검출 검사의 유용성과 비용 효과의 평가)

  • Youn, Suk;Chung, Hye-Jeon;Kim, Yun-Ho;Choi, Jin-Dong;Lee, Sang-Hoon;Min, Jung-Sik;Jung, Sang-Young;Jung, Sung-Ki;Ahn, Byung-Moon;Lee, Hee-Joo;Cha, Sung-Ho
    • Pediatric Infection and Vaccine
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    • v.12 no.2
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    • pp.124-134
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    • 2005
  • Purpose : It has been known that the diagnostic confirmation of group A streptococcal pharyngitis is accompanied with the results of throat culture and/or rapid antigen detection test(RADT). This study was designed to evaluate the usefulness and cost benefits of the RADT in patients with a sore throat compared the empirical antibiotic treated group without using RADT or throat culture with the antibiotic treated group according to the results of RADT test and/or throat culture. Methods : From April 2003 to August 2003, total 369 patients were enrolled this study. They were redistributed into two groups. In one group, the RADT test and throat culture were used and the patients received antibiotic treatment according to the results of test and in the other group, no diagnostic examinations were used and the patients were treated with antibiotics which were chosen empirically. The flow sheet with questionnaire was drawing up and obtained the clinical symptoms, signs and the name of antibiotics that were administered. Results : A total of 244 patients were treated after the throat culture and/or RADT, and 125 patients were treated empirically. The prevalence of bacteriologically confirmed group A streptococcal pharyngitis was 20.1%. The sensitivity and specificity of RADT were 89.8% and 86.1%, respectively. Positive predictive value and negative predictive value were 62.0% and 97.1%, respectively. The rate of antibiotic use was high in both groups. Because the physician used the antibiotics even if the result of RADT was negative. So about 37% of reduction of antibiotics use might be possible if we used antibiotics according to the results of RADT. There were no cost differences between the RADT applied group and the empirically treated antibiotic group if we could reduce the price of RADT to 63% of the current price. Conclusion : The RADT could be applied for the easy and rapid diagnosis and prompt treatment for group A streptococcal pharyngitis, and RADT could reduced the number of antibiotics used if the price of RADT was reduced to 63% of current price. For accurate evaluation of efficacy and cost effect, further controlled study is needed.

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Estimation of Optimal Fare for Cloud Transportation System (클라우드교통시스템의 최적 요금 산정)

  • Ryu, Seong Beom;Bae, Sang Hoon
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.5
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    • pp.1969-1980
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    • 2013
  • The Traffic congestion is caused by the increasing traffic demand. Thus, economic losses have been increasing every year. To solve these problems, car sharing and rental car systems that are equipped with IT technologies emerge. Car sharing has many advantages-the alleviation of the traffic congestion, the saving of maintenance cost for cars, the reduction of car possessiveness, the solution for the hassle of car ownership, for business and personal duty, and the improvement of connectivity between public transportations-. The goal of the car sharing is to achieve low-carbon and eco-friendly transportation. In this study, we review papers related to the car sharing system and the cost system of traffic systems. We estimate the optimal cost of the cloud traffic system that is one of the car sharing services. We suggest a methodology to estimate operational cost and use cost through the analysis of cost system between similar traffic means. The range of the maximum and minimum cost was determined through the comparison and analysis of similar traffic means. Expected demand and the cost that people are willing to pay were estimated through optimized value pricing. The minimum cost per hour that was compared to the cost of rental car was estimated at 5,333 won and the maximum cost per hour that was compared to taxi cost was estimated at 17,700 won. The cost for users was estimated at 6,930 won. The cost of 50% demands was estimated at 6,550won. Future studies should analyze service hours of users, weather, demand pattern and trend and consider them into the cost estimation.

An Analysis of the Economy of Scale for Domestic On-site Hydrogen Fueling Stations (국내 분산형 수소충전소의 규모의 경제성 분석)

  • Gim, Bong-Jin;Kim, Jong-Wook
    • Journal of Energy Engineering
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    • v.16 no.4
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    • pp.170-180
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    • 2007
  • This paper deals with the economy of scale for domestic on-site hydrogen stations fueled with natural gas and naptha. We evaluate the economic feasibility of on-site hydrogen stations with hydrogen production capacities of $30Nm^3/hr,\;100Nm^3/hr\;and\;300Nm^3/hr$. We build a classical economic feasibility model and we make some sensitivity analyses by changing the values of input factors such as the hydrogen sale price and the discount rate. The estimated hydrogen prices of steam methane reforming stations with production capacities of $30\;Nm^3/hr,\;100\;Nm^3/hr\;and\;300\;Nm^3/hr$ are 18,472 won/kg, 10,689 won/kg and 7,758 won/kg, respectively. Also, the hydrogen prices are about the same if we use naptha as a raw material for hydrogen energy instead of natural gas. It turns out that small and medium size domestic on-site hydrogen stations will not be economical in the near future. This indicates that we need to construct large scale on-site hydrogen fueling stations even for the initial phase of the hydrogen economy.