• Industrial Engineering and Management Systems
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• v.8 no.4
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• pp.213-220
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• 2009

A revenue sharing contract is one of the mechanisms that coordinate decision makers in a decentralized supply chain toward the consensual goal. The transfer prices between different echelons in the supply chain influence the total supply chain profits. The study aims to explore various transfer pricing heuristics on the supply chain coordination in terms of the supply chain profits and their interactions with the revenue sharing rate. A model is proposed for formulating the collaborative production and distribution planning in a decentralized supply chain with the revenue sharing mechanism. Experiment results indicate that the transfer price and the revenue sharing rate affect significantly the coordination. Among the studied pricing heuristics, the variable-cost pricing method led to the best SC profits. Raising the revenue sharing rate reduced the SC profits no matter what heuristics were employed. Furthermore, the experiments provide us clues for finding the optimal transfer price for the supply chain.

• Proceedings of the Korea Multimedia Society Conference
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• 2012.05a
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• pp.166-167
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• 2012

High packet loss rate and impatience of messages passing through optical switches are essential characteristics in Optical Burst Switching system equipped with Optic Delay Lines buffer, which have not been solved efficiently yet by current existing models. In order to capture both effects, this paper introduces an analytical model from the viewpoint of classical queuing theory with impatient customers. We then apply it to evaluate and compare two wavelength-sharing cases, (1) all delay lines share a common wavelength resource and (2) each wavelength is associated with a number of delay lines. Our numerical results suggest to implement the first case because of lower packet loss rate for a fairly broad range of traffic load.

• International Commerce and Information Review
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• v.12 no.4
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• pp.111-126
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• 2010

This paper provides an empirical investigation of the determinants of current accounts utilizing an exchange rate (ER), terms of trade (NET), industrial activity (IPI), world import volume (WIM), trade share of the China and Japan (CHJP), proportion of service trade (SERV). The period examined is 1991:1 through 2010:2. It is tested under different cases such as whether variables were cointegrated and whether there was an equilibrium relationship. The result showed that the hypothesis of no cointegrated vector could be rejected at the 5 percent level. The estimated error correction model showed that adjustment speed is fast. This paper also applies impulse-response functions to get additional information by considering the responses of the current account to the shocks of economic variables. The results indicate that current account responds negatively to industrial activity and proportion of service trade, and then decays very quickly.

• KDI Journal of Economic Policy
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• v.24 no.2
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• pp.53-82
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• 2002

Earlier papers, regarding this topic, have shown that the optimal environmental tax rate under the second best situation typically smaller than that under the first best world, the well known Pigouvian tax. This paper casts a doubt on the generality of this result, since the conclusion was derived from the models which employed rather strict assumptions on the utility function, which is homothetic and separable. This paper, with simple-static CGE model, shows that the result of earlier studies is sensitive to the assumption on the utility function. According to the simulation results, as previous studies pointed out, if the utility function is assumed to be homothetic, the optimal environmental tax rate is smaller than the Pigouvian tax. In contrast, if certain type of non-homotheticity is allowed, the optimal environmental tax rate could be greater than the Pigouvian tax. The results of this simulation also imply that the enlargement of environmental tax base could enhance the efficiency of overall tax system. Hence, there will be a less burden to share for the tax authority from the policy change.

• Proceedings of the IEEK Conference
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• 2000.06a
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• pp.127-130
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• 2000

In this paper, we design the robust H$_{\infty}$ controller for congestion control in ATM (asynchronous transfer mode) networks with the variation of other higher priority sources(e.g., constant bit rate, variable bit rate). Since ABR (available bit rate) sources share the bottleneck node with other higher priority sources, we design the controller which guarantees robustness against time delay and disturbance. The proposed robust H$_{\infty}$ controller with regional pole placements can minimize the variation of the queue size at the predefined desired level. And we also show its robustness through simulation for the ATM networks with time delay and disturbance.

• The Journal of Industrial Distribution & Business
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• v.9 no.8
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• pp.41-50
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• 2018

Purpose - As an important participant in the financial markets, the commercial bank will be impacted by the interest rate marketization. Owing to the special condition of China, this paper tries to explore the impact of operating mechanisms between interest rate marketization and the profitability of the commercial Bank. Research design, data and methodology - This paper applies time series data from 2005 to 2016. Due to the short period of time series, autocorrelation often occurs. Therefore, the fully modified least squares(FMOLS) will be used to conduct an empirical analysis. The reason is that it can move off the autocorrelation between variables and disturbance term. And FMOLS also can make estimated cointegrating parameters closed to normal distribution. More importantly, in order to avoid spurious regressions, the Augmented Dickey-Fuller Test will be used to verify the stationarity of all variables. The total return of asset is treated as the profitability of commercial bank. The net interest spread is treated as a measurement of interest rate marketization. Both are regarded as dependent variables. The non-interest income or gross revenues and impaired loans or gross loans are treated as independent variables. The sixteen representative listed commercial banks are divided into three categories (state-owned, share-holding and city-owned) to conduct an estimation. Results - Via empirical analysis, the findings show that the net interest spread has a positive effect on the profitability of the commercial bank. More specifically, 1% increase in the net interest spread will lead 0.157% increase in the profitability of state-owned commercial bank, 0.269% increase in the profitability of share-holding commercial bank and 0.263% increase in the profitability of city-owned commercial bank. If regarding the sixteen listed commercial city as a whole, 1% increase in the net interest spread will lead 0.267% increase in the profitability of the commercial bank. Conclusions - As the interest rate marketization, the importance of interest rate on the profitability of commercial bank has become more and more significant. The empirical evidences also prove that the net interest spread can bring about the change of the commercial bank's profitability. Therefore, policy-makers of commercial banks should fully understand the operating mechanism between them.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.9 no.5
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• pp.973-980
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• 2005

In this paper, we analyze previous flow control algorithm for serving ABR traffic, and then propose the algorithm which calculate fair transmission rate and control efficiently ABR traffic using VS/VD switch which has an effect on PNNI environment with long delay. For getting the transmission rate, the proposed algorithm use FMMRA as ER scheme which calculate exactly the fair share. And, in large delay state, we can obtain fair cell sharing by calculating transmission rates which obtained by transmitted queue length information of VD to VS for serve and drain cell in queue Through the computer simulation, we evaluate the performance of proposed algorithm. According to the results, the proposed algorithm shows good performance.

• Journal of the Korean Regional Science Association
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• v.10 no.1
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• pp.39-52
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• 1994

This paper primarily aims to analyze the growth rate differentials of the economic activities in chung-Nam area. The research has been undertaken to find out the potentials of the economic activities and economic bases in the area. To analyze the economic potentials of the industries, the study employed the economic Growth Rate Differential Analysis by Henderson which is revised form of Shift-Share Analysis Methods. The research employed the employment data according to the standardized two-digit-classification-system during the period of 10 years from 1981 through 1991. The Growth Rate Differential Analysis calculates Total Growth Differentials which are dicomposed into two parts: Weight Part and Rate Part. Total Growth Differential can be calculated as the difference between national growth rate and regional growth rate by industry. The foundings are as follows: First, the economic bases of Chung-Nam area were found to be very weak, largely depending on primary industries such as agriculture and fisheries. Second, there was a great decline in urban industries in Tae Joeon, Cheon An and other cities over period of 1971-1981. It is strongly recommended that the planned items and products of each industrial complex must be reorgnized in a fashion to match those with high competitive power found in this research.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.25 no.9A
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• pp.1413-1421
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• 2000

In this paper, we analyze previous flow control algorithm for serving ABR traffic, and then propose the algorithm which calculate fair transmission rate and control efficiently ABR traffic using VS/VD switch which has an effect on WAN environment with long delay. For getting the transmission rate, the proposed algorithm use FMMAR as ER scheme which calculate exactly the fair share. And, in large delay state. we can obtain fair cell sharing by calculating transmission rates which obtained by transmitted queue length information of VD to VS for serve and drain cell in queue Through the computer simulation, we evaluate the performance of proposed algorithm. According to the results, the proposed algorithm shows good performance.

• The Journal of Korean Medicine
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• v.17 no.2 s.32
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• pp.34-47
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• 1996

We have seen a sharp increase in the utilization rate of medical services since the launch of Nation Health Insurance system in 1989. However, the market share of oriental medicine in the Korean health sector has been gradually diminished mainly due to low insurance coverage and high price. Especially high price as an entry barrier to oriental medical services has played a major role in decreasing market share. This paper investigated the effects of price discount on the financial condition and market share of oriental medical institutions. Microeconomic theory and multiple regression analysis were used as a methodology in testing the alternative hypothesis: price discount of enveloped herb drug will result in increases in both the revenue and market share of oriental medical institutions. Data was collected from the statistical yearbook and sample survey. The price elasticity of demand for enveloped herb drug was estimated at 5.8 during 1987-1995 period, which means that a 1% decrease in price will bring about a 5.8% increase in the utilization of oriental medical services. The empirical result shows that a drastic price discount for the enveloped herb drug will eventually improve the financial status of the oriental medical institutions and enlarge the market share of oriental medicine in the Korean health care sector.