• Title/Summary/Keyword: Stackelberg

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Game Theoretic Analysis of the Price and Quality Strategy of a Private Brand Product (게임이론을 이용한 자체브랜드 제품의 가격 및 품질전략 분석)

  • Cho, Hyung-Rae;Rhee, Min-Ho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.3
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    • pp.41-48
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    • 2011
  • Recently, the increasing power of distributors has given them the opportunity of introducing private brand (PB) products. Based on the game theory, this study analyzes the decision making of a distributor regarding the optimal pricing and quality strategies for the PB product. By analyzing the game model, it is shown that the pricing mechanism heavily depends not only on the market power of the distributor but on the quality of the PB product. It is also shown that, counter intuitively, as the market power of the distributor increases, the optimal quality of the PB product should be decreased.

Supply Chain Contract with Put and Call Option: The Case of Non-Linear Option Premium Price

  • Saithong, Chirakiat;Luong, Huynh Trung
    • Industrial Engineering and Management Systems
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    • v.12 no.2
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    • pp.85-94
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    • 2013
  • This research investigates the supply chain contract between a distributor and a supplier in which the selling period is relatively short in comparison with long production lead time. At the first stage, supplier who is a Stackelberg leader offers the distributor a contract with a set of parameters, and subjected to those parameters, the distributor places the number of initial orders as well as options. In order to purchase the option, the distributor pays non-linear option premium price with respect to the number of purchased options. At the second stage, based on realized demand, the distributor has the right to exercise option as either put or call which is limited up to the number of purchased options. The wholesale price contract is used as a benchmarking contract. This research has confirmed that the supply chain contract with a non-linear option premium price can help to coordinate the supply chain.

Ten species of the tribe Syrphini (Insecta: Diptera: Syrphidae) newly recorded in Korea

  • Kim, Chan-Ouk;Hwang, Seul-Ma-Ro;Lee, Hak-Seon;Han, Ho-Yeon
    • Journal of Species Research
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    • v.11 no.3
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    • pp.208-237
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    • 2022
  • A total of 69 genera and 202 species of the family Syrphidae have been previously recognized in Korea. In the present study, we report the following 10 species new to Korea: Epistrophe aeka Kimura, 1989, Epistrophe aino (Matsumura, 1917), Epistrophe annulitarsis(Stackelberg, 1918), Epistrophe griseofasciata (Matsumura, 1918), Epistrophe sasayamana (Matsumura, 1918), Epistrophe shibakawae (Matsumura, 1917), Fagisyrphus cinctus (Fallén, 1817), Melangyna olsufjevi (Violovitsh, 1956), Melangyna pavlovskyi (Violovitsh, 1956), and Paragus clausseni Mutin, 1999. Among the four genera, the genus Fagisyrphus Dušek and Láska, 1967 is recognized for the first time in Korea. As a result, 70 genera and 212 species of the family Syrphidae are now officially recognized for the Korean fauna. For each newly recognized Korean species, we provide synonymy, diagnosis, and description with color photographs. In addition, we provide new Korean names for all newly recorded species as well as the genera Epistrophe, Fagisyrphus, and Melangyna, which previously did not have Korean names.

First Record of the Genus Setihercostomus (Diptera: Dolichopodidae) from Korea with Checklist and Key to Species

  • Young-Kun Kim;Sang Jae Suh
    • Animal Systematics, Evolution and Diversity
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    • v.40 no.4
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    • pp.285-288
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    • 2024
  • The genus Setihercostomus Zhang & Yang, 2005 is reported for the first time in Korean fauna, with one unrecorded species, S. setifacies(Stackelberg, 1934). This genus can be easily classified alongside other genera in the subfamily Dolichopodinae by the presence of strong setae on the clypeus in both sexes. This genus is a small taxon comprising five species found in the Afrotropical, Oriental, and Palearctic regions. Newly recorded Korean names of genus and species, detailed morphological characteristics, and photographs of the first recorded species in Korea, along with a checklist and key to the species of this genus, are provided herein.

OD trip matrix estimation from urban link traffic counts (comparison with GA and SAB algorithm) (링크관측교통량을 이용한 도시부 OD 통행행렬 추정 (GA와 SAB 알고리즘의 비교를 중심으로))

  • 백승걸;김현명;임용택;임강원
    • Journal of Korean Society of Transportation
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    • v.18 no.6
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    • pp.89-99
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    • 2000
  • To cope with the limits of conventional O-D trip matrix collecting methods, several approaches have been developed. One of them is bilevel Programming method Proposed by Yang(1995), which uses Sensitivity Analysis Based(SAB) algorithm to solve Generalized Least Square(GLS) problem. However, the SAB a1gorithm has revealed two critical short-comings. The first is that when there exists a significant difference between target O-D matrix and true O-D matrix, SAB algorithm may not produce correct solution. This stems from the heavy dependance on the historical O-D information, in special when gravel Patterns are dramatically changed. The second is the assumption of iterative linear approximation to original Problem. Because of the approximation, SAB algorithm has difficulty in converging to Perfect Stackelberg game condition. So as to avoid the Problems. we need a more robust and stable solution method. The main purpose of this Paper is to show the problem of the dependency of Previous models and to Propose an alternative solution method to handle it. The Problem of O-D matrix estimation is intrinsically nonlinear and nonconvex. thus it has multiple solutions. Therefore it is necessary to require a method for searching globa1 solution. In this paper, we develop a solution algorithm combined with genetic algorithm(GA) , which is widely used as probabilistic global searching method To compare the efficiency of the algorithm, SAB algorithm suggested by Yang et al. (1992,1995) is used. From the results of numerical example, the Proposed algorithm is superior to SAB algorithm irrespective of travel patterns.

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A Multi-modal Continuous Network Design Model by Using Cooperative Game Approach (협력적 게임을 이용한 다수단 연속형 교통망 설계 모형)

  • Kim, Byeong-Gwan;Lee, Yeong-In;Im, Yong-Taek;Im, Gang-Won
    • Journal of Korean Society of Transportation
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    • v.29 no.1
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    • pp.81-93
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    • 2011
  • This research deals with the multi-modal continuous network design problem to resolve the transportation policy problems for constructing and operating transportation facilities with considering the mutual decision-making process between transportation operator and user in the multi-modal network. Particularly, in the consideration of changes in travel pattern between transport modes due to the changes in transportation policy, road network for passenger car and transit network for public transportation are considered together. In the development of network design model, more rational Stackelberg equilibrium(cooperative game) rather than more general Nash equilibrium(non-cooperative game) approach is used and sensitivity analysis considering transport mode is used. A multi-modal continuous network design model in this study is developed for the arbitrary continuous network design parameters(${\epsilon},\hat{\epsilon},p$) of transportation policy decisions. As examples of application and evaluation for these design parameters, the developed model is applied to calculate 1)the optimal capacity of road link in the road transport policy, 2)the optimal frequency of transit line in public transport policy and 3)the optimal modal split in transport modal share policy.

An Application of Evolutionary Game Theory to Platform Competition in Two Sided Market (양면시장형 컨버전스 산업생태계에서 플랫폼 경쟁에 관한 진화게임 모형)

  • Kim, Do-Hoon
    • Journal of the Korean Operations Research and Management Science Society
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    • v.35 no.4
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    • pp.55-79
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    • 2010
  • This study deals with a model for platform competition in a two-sided market. We suppose there are both direct and indirect network externalities between suppliers and users of each platform. Moreover, we suppose that both users and suppliers are distributed in their relative affinity for each platform type. That is, each user [supplier] has his/her own preferential position toward each platform, and users [suppliers] are horizontally differentiated over [0, 1]. And for analytical tractability, some parameters like direct and indirect network externalities are the same across the markets. Given the parameters and the pricing profile, users and suppliers conduct subscription game, where participants select the platform that gives them the highest payoffs. This game proceeds according to a replicator dynamics of the evolutionary game, which is simplified by properly defining gains from participant's strategy in the subscription game. We find that depending on the strength of these network effects, there might either be multiple stable equilibria, at which users and suppliers distribute across both platforms, or one unstable interior equilibrium corresponding to the market tipping in favor of either platform. In both cases, we also consider the pricing power of competing platform providers under the framework of the Stackelberg game. In particular, our study examines the possible effects of the type of competition between platform providers, which may constrain the equilibrium selection in the subscription game.

Market Efficiency Analysis between Facility-Based and Service-Based Competition

  • Seo, Il-Won;Lee, Duk-Hee;Kim, Byung-Woon
    • ETRI Journal
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    • v.30 no.4
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    • pp.587-596
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    • 2008
  • Facility-based competition (FBC) in the telecommunications market is considered to have lower static efficiency in the short term and higher dynamic efficiency in the long term. Under service-based competition (SBC), the entrant can reduce its setup costs by leasing network facilities from the incumbent, which makes the entrant viable, pushes the market price down and promotes static efficiency. This paper attempts to measure static efficiency by comparing the profits of the incumbent and entrant in terms of consumer surplus and social welfare under each competition type by extending the Stackelberg model. The results, assuming a linear demand function and variation in regulatory level, show that FBC results in higher social welfare than SBC on the whole. However, SBC accompanied by strong regulation is also shown to have the potential to be superior over FBC. It is also revealed that FBC exhibits a higher producer surplus (particularly, the incumbent's producer surplus) and is, therefore, more desirable in terms of dynamic efficiency. When the entrant's cost is high in FBC, social welfare is shown to be lowered, implying that cost competitiveness is a necessary condition for social welfare.

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Multimedia Service Discrimination Based on Fair Resource Allocation Using Bargaining Solutions

  • Shin, Kwang-Sup;Jung, Jae-Yoon;Suh, Doug-Young;Kang, Suk-Ho
    • ETRI Journal
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    • v.34 no.3
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    • pp.341-351
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    • 2012
  • We deal with a resource allocation problem for multimedia service discrimination in wireless networks. We assume that a service provider allocates network resources to users who can choose and access one of the discriminated services. To express the rational service selection of users, the utility function of users is devised to reflect both service quality and cost. Regarding the utility function of a service provider, total profit and efficiency of resource usage have been considered. The proposed service discrimination framework is composed of two game models. An outer model is a repeated Stackelberg game between a service provider and a user group, while an inner model is a service selection game among users, which is solved by adopting the Kalai-Smorodinsky bargaining solution. Through simulation experiments, we compare the proposed framework with existing resource allocation methods according to user cost sensitivity. The proposed framework performed better than existing frameworks in terms of total profit and fairness.

Studies on the Polarographic Behavior of Elemental Sulfur (원소 유황의 Polarograph 거동에 관한 연구)

  • 김준용;장순자
    • YAKHAK HOEJI
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    • v.22 no.4
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    • pp.201-206
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    • 1978
  • The analysis of elemental sulfur by polarography has already been reported in the literature. Only a discussion of the more important factors influencing the analysis is here presented. (1) The effects of pH on the reduction of elemental sulfur are pronounced and the use of buffered solutions for the analysis of elemental sulfur is necessary. The authors found that a pH of 4-6 was found to be reproducible polarograms by use of D.C. polarograph. However, in alkali solvents the plateau of elemental sulfur has a pronounced dip if the concentration of sulfur is as much as 30ppm. (2) A.C. polarographic method shows a very high sensitivity in the case of sulfur reduction, so that the very low concentration of sulfur can easily be determined (about 1ppm). (3) The characteristics of sulfur wave can be formulated according to Stackelberg-Hauck-Hans equation. It was found that the curve of the peak potential of elemental sulfur in A.C. polarography versus logarithm of sulfur concentration was obtained to be straight line with the slope of 29.6 millivolts. This result was well agreed with theoretical consideration. (4) It was assumed that this polarographical methods were applicable to micro-analysis of elemental sulfur in crude oil and its petrochemical products, precipitated sulfur, and sulfur ointments with accuracy and rapidity.

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