• Title/Summary/Keyword: Transaction Utility

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Attribute Utility-Based Negotiation Agent Methodology for Customer-To-Customer Electronic Commerce (소비자간 전자상거래를 위한 속성효용기반 자동협상 방법론의 개발)

  • Song Yong U.;Hong June S.;Kim Wooju
    • Journal of Intelligence and Information Systems
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    • v.10 no.3
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    • pp.73-89
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    • 2004
  • Since people have come to access more and more information about products with the proliferation of the Internet, more and more customer-to-customer e-marketplaces are being introduced with rapidly increasing transaction volumes. As the role of customer-to-customer electronic commerce has become increasingly regarded as vital to the economy, much research has delved into developing intelligent agent systems to efficiently support customer-to-customer electronic commerce. Most of this research, however, has focused only on supporting simple negotiation for the price of common goods along the time span. To expand the negotiation object to the differentiated goods, the customer must be allowed to negotiate over multi-at-tributes of the product besides the price, including the attributes related to the transaction activity itself, such as delivery time and payment method. To satisfy this requirement, we propose an agent marketplace for differentiated goods where the agent of a customer can negotiate not only the price but also the various attributes of the product and the transaction in order to achieve a better utility level for both buyer and seller. The formal protocol and the architecture issues to support the proposed e-marketplace and agents are also addressed.

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A Novel Simulation Scheme for Grid Connected Photovoltaic Generation Systems

  • Park, Monwon;Kim, Bong-Tae;Yu, In-Keun
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.11B no.4
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    • pp.169-174
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    • 2001
  • A novel simulation scheme of transient phenomenon for the photovoltaic (PV) generation system under the real weather conditions has been proposed in this paper. A grid connected PV array is simulated using PSCAD/EMTDC. The transient changes of the output current of PV array under the real weather conditions is described and the output current of DC/AC converter flowing through the utility power network is also analyzed with the PWM switching width. Moreover, the MPPT control of PV generation system is combined to the system during the simulation for the comparison purposes of the control schemes. The outcome of the simulation demonstrates the effectiveness of the proposed simulation scheme. The result shows that the cost effective verifying for the efficiency or availability and stability of PV generation systems and the comparison research of various control schemes like MPPT under the same real whether conditions are eventually possible.

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A Study on the Facilitation Strategies of e-Trade in the Korean SMEs (중소기업의 전자무역(e-Trade) 활성화 방안에 관한 연구)

  • Choi, Jang-Woo
    • International Commerce and Information Review
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    • v.5 no.1
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    • pp.63-83
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    • 2003
  • This paper's objective is to provide insights about the problems and expansion strategies of electronic trade. Korean small and medium-sized firms have adopted the Internet since the end of 1990s in order to reshape their competitiveness, and it is now being utilized as a major export marketing instrument to develop new customers, save export transaction costs ad facilitate new work processes. However, at present, the use of the internet in the field of trading is limited to the collection of market information, owing to legal, technical and institutional restraints between countries. In addition to that, because firms have the difficulties in making the trade contract through the e-trade system, the negative recognition on its' utility has been spreaded gradually between companies. This is one of the barriers to block the expansion of e-Trade between Korean firms. Therefore, this paper points out the problems of e-trade in the environmental, institutional and strategic view and provides many considerations for establishing the expansion strategy of e-trade by the Korean government and trade supporting institutions.

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Locational Marginal Price Forecasting Using Artificial Neural Network (역전파 신경회로망 기반의 단기시장가격 예측)

  • Song Byoung Sun;Lee Jeong Kyu;Park Jong Bae;Shin Joong Rin
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.698-700
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    • 2004
  • Electric power restructuring offers a major change to the vertically integrated utility monopoly. Deregulation has had a great impact on the electric power industry in various countries. Bidding competition is one of the main transaction approaches after deregulation. The energy trading levels between market participants is largely dependent on the short-term price forecasts. This paper presents the short-term System Marginal Price (SMP) forecasting implementation using backpropagation Neural Network in competitive electricity market. Demand and SMP that supplied from Korea Power Exchange (KPX) are used by a input data and then predict SMP. It needs to analysis the input data for accurate prediction.

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A Novel Photovoltaic Power Generation System including the Function of Shunt Active Filter

  • Park, Minwon;Seong, Nak-Gueon;Yu, In-Keun
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.3B no.2
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    • pp.103-110
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    • 2003
  • With significant development of power electronics technology, the proliferation of nonlinear loads such as static power converters has deteriorated power quality in power transmission and distribution systems. Notably, voltage harmonics resulting from current harmonics produced by the nonlinear loads have become a serious problem in many countries. Many photovoltaic power generation systems installed in building systems have harmonics that are the worst object for distribution systems as a utility interactive system, and it tends to spread out continuously. Proposed and implemented in this paper is a multi-function inverter control strategy that allows a shunt active filter function to the power inverter of the photovoltaic power generation system established on a building system. The effectiveness of the proposed system is demonstrated through the simulation of a hypothetical power system using PSCAD/EMTDC.

Dual Utility AC Line Voltage Operated Voltage Source and Soft Switching PWM DC-DC Converter with High Frequency Transformer Link for Arc Welding Equipment

  • Morimoto Keiki;Ahmed NabilA.;Lee Hyun-Woo;Nakaoka Mutsuo
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.5B no.4
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    • pp.366-373
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    • 2005
  • This paper presents two new circuit topologies of the dc busline side active resonant snubber assisted voltage source high frequency link soft switching PWM full-bridge dc-dc power converters acceptable for either utility ac 200V-rms or ac 400V-rms input grid. These high frequency switching dc-dc converters proposed in this paper are composed of a typical voltage source-fed full-bridge PWM inverter, high frequency transformer with center tap, high frequency diode rectifier with inductor input filter and dc busline side series switches with the aid of a dc busline parallel capacitive lossless snubber. All the active switches in the full-bridge arms as well as dc busline snubber can achieve ZCS turn-on and ZVS turn-off transition commutation with the aid of a transformer leakage inductive component and consequently the total switching power losses can be effectively reduced. So that, a high switching frequency operation of IGBTs in the voltage source full bridge inverter can be actually designed more than about 20 kHz. It is confirmed that the more the switching frequency of full-bridge soft switching inverter increases, the more soft switching PWM dc-dc converter with a high frequency transformer link has remarkable advantages for its power conversion efficiency and power density implementations as compared with the conventional hard switching PWM inverter type dc-dc power converter. The effectiveness of these new dc-dc power converter topologies can be proved to be more suitable for low voltage and large current dc-dc power supply as arc welding equipment from a practical point of view.

A Theoretical Study on the Implication of Substantial Harmonization between the eUCP and UCP (eUCP 적용원리의 규명과 신용장거래질서 확대 개편방안의 모색)

  • Kim, Ki-Sun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.25
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    • pp.75-98
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    • 2005
  • With the advent of new customs and practice of electronic records, the eUCP provides some useful guidance to accommodate the presentation of the paper documents electronically and also provides necessary rules to allow the UCP and eUCP to work together. There is no denying the fact that many of the UCP articles are not impacted by the presentation of electronic equivalent of paper documents, so the integrated application of the UCP and eUCP will be broad enough to allow for developing practice in this area. This study discusses some theoretical implication for efficient utilization of the global usages of letter of credit through the finding of optimal solution in the state of uncertainty caused by the electronic presentation of documents. This study suggest that the decision rules be developed to show how individuals choose optimal portfolio between the eUCP and the UCP that maximize their expected utility in letter of credit transaction, and also suggest that the optimal portfolio be determined at the point of tangency between the efficient trading line and the highest indifference curve in the mean-variance plane. This study finally recommends three rebuttable doctrines with regard to the relationship between the eUCP and UCP such as linkage characteristics, generation lap propensity, and homothetic application rule, which may be the critical standards for understanding of the integrated usages of the eUCP and UCP.

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A Comparative Study on the Documentary Conditions of International Trade Transaction (국제무역거래에서의 서류조건에 관한 비교연구 - Incoterms(R) 2010규칙과 UCP 600규칙을 중심으로 -)

  • Sin, Jung-Sik
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.54
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    • pp.99-122
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    • 2012
  • According to the United Nations Convention on the International Sale of Goods, the Seller must deliver the goods, hand over any documents relating to the them and transfer the property the to the goods as required by the contract, and buyer must pay the price for the goods and take delivery of them as required by the contract. In particular, the seller provides the documents is important. If the documents are discrepancies in credit, the beneficiary may not receive the payment. So It is important to study on conditions of documents in international trade. Documents provided by the seller shall be determined by express terms. If there is no agreement on the express terms, it shall be determined by the implied terms or governing law terms. In practice Seller shall provide the documents are as follows, For example, transport documents, commercial invoice, certificate of origin, insurance policy, packing list, inspection certificate etc. As stated above if it can not be determined by express terms, it is determined by the implied terms. In international trade, leading to the implied terms is incoterms(R) 2010 and UCP 600. Incoterms(R) 2010 define the seller must provide the goods and the commercial in conformity with the sales contract and any other evidence of conformity that may be required by the contract and UCP 600 are rules that apply to documentary credit. This paper, the practical utility between Incoterms(R) 2010 and UCP 600 is studied.

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Sensitivity Analysis of JLSP Inventory Model with Ordering Cost inclusive of a Freight Cost under Trade Credit in a Two-stage Supply Chain

  • Shinn, Seong-Whan
    • International Journal of Advanced Culture Technology
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    • v.8 no.3
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    • pp.300-306
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    • 2020
  • This study analyzes the distributor's inventory model in a two-stage supply chain consisting of the supplier, the distributor and the end customer. The supplier will allow a credit period before the distributor settles the account with him in order to stimulate the demand for the product he produces. It is also 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. 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. As a result, the availability of a credit transaction leads to an increase in inventory levels. On the other hand, in the case of deteriorating products in which the utility of the product perish over time, the deterioration rate with time plays a role in reducing inventory levels. In this regard, we analyze the effect of the length of the credit period and the degree of product deterioration on the distributor's inventory level. For the analysis, we formulate the distributor's annual net profit and analyze the effect of the length of credit period and deterioration rate of the product on inventory policy numerically.

Short Term Spectrum Trading in Future LTE Based Cognitive Radio Systems

  • Singh, Hiran Kumar;Kumar, Dhananjay;Srilakshmi, R.
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.9 no.1
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    • pp.34-49
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    • 2015
  • Market means of spectrum trading have been utilized as a vital method of spectrum sharing and access in future cognitive radio system. In this paper, we consider the spectrum trading with multiple primary carrier providers (PCP) leasing the spectrum to multiple secondary carrier providers (SCP) for a short period of time. Several factors including the price of the resource, duration of leasing, and the spectrum quality guides the proposed model. We formulate three trading policies based on the game theory for dynamic spectrum access in a LTE based cognitive radio system (CRS). In the first, we consider utility function based resource sharing (UFRS) without any knowledge of past transaction. In the second policy, each SCP deals with PCP using a non-cooperative resource sharing (NCRS) method which employs optimal strategy based on reinforcement learning. In variation of second policy, third policy adopts a Nash bargaining while incorporating a recommendation entity in resource sharing (RERS). The simulation results suggest overall increase in throughput while maintaining higher spectrum efficiency and fairness.