• Journal of Distribution Science
• /
• v.13 no.1
• /
• pp.7-18
• /
• 2015

Purpose - This study integrates a corporate competition system with a bird predation system to examine how organizational strategic adjustment capacity influences firm performance. By proving the prominent effects on performance, a financial vector is constructed to represent corporate strategic adjustment results, and an operation capacity vector is constructed, which can be categorized as a parameter for locating birds. All these works help us to propose a new method of investment, the portfolio decision model based on the strategic adjustment capacity. Research design, data, and methodology - Strategic adjustment capacity can be decomposed into three aspects: the organizational learning capacity from the top firms, the extent to which firms maintainor rely on the best operational capacity vector in history, and the ability to eliminate the disadvantages or retain the advantages of the operation capacity vector from the previous year. The method of solving cyclic equations is designed to evaluate strategic adjustment. Firms manufacturing specialized equipment are chosen to test the effects of the strategic adjustment capacity on three aspects of firm performance. Results - There is a positive correlation between the capacity to learn from the best firms and performance improvement. The relationship between the dependence or maintenance of a firm's advantages and performance improvement is a U-shape curve, and there is no significant effect of inertial control on performance improvement. Conclusions - A firm's competition system is a sophisticated adaptation, and competitive advantage and performance can be investigated based on the principles of competition in nature.

• KDI Journal of Economic Policy
• /
• v.25 no.1
• /
• pp.55-98
• /
• 2003

This paper examines the hypothesis that states consolidation and concentration within Korean banking industry have impaired competition and escalated market power of banks. Competition is measured using Bresnahan-Lau method, which estimates a structural model consisting of a demand function and a supply function of banking services, based on aggregate monthly data of January 1996 to December 2002. Estimations indicate that pricing behavior of Korean banks during the period is consistent with perfect competition, and they behave more competitively even after the increase in concentration ratio. The results imply that, contrary to the concerns over the potential for monopoly power, bank competition may not be damaged by the consolidation.

• Journal of The Korean Digital Architecture Interior Association
• /
• v.11 no.3
• /
• pp.89-97
• /
• 2011

Accelerating economic growth since the 1960s, penetration rate of the House of Commons has been increased. However, design competition has been imposed for improve of the qualitative level in modern because it was quantitative increasing. Even though its design quality is improved by introducing design competition, distorting the design is increased for the purpose of election. For that reason, errors of information and design changes are increased. So BIM(Building Information Modeling) is adopted to solve the problems. In this study, BIM process on the basis of the existing design process was to clean up and LoI(Level Of Information) based on the level of information was newly defined. Working-level of the design competition is plan-basic design. LOI level is LOI1-LOI2 in plan and Lol3-LOI4 in basic design. At each step of the operation was to clean up the level of detail and content. Also exchange of data in each area and feedback about content are to clean up.

• Asia pacific journal of information systems
• /
• v.17 no.1
• /
• pp.95-121
• /
• 2007

There are recently several studies of online auctions which have focused on exploring a bidder's bidding behavior in IS area. Those studies, however, have been limited to account for bidders' bidding behavior in the view of TAM and trust, not considering perceived price fairness and competition intensity. Although this view point seems reasonable in the online auction sites, few previous studies employing this perspective are found in the relevant literatures. Based on it, this study developed a comprehensive model based on trust and TAM in terms of perceived price fairness to explain competition intensity in the online auction sites. This study collected 269 survey responses from online bidders who have prior experiences with online auction sites. The survey data are used to empirically verify 11 research hypothesis by using LISREL. The results indicate that trust in websites, trust in sellers and perceived usefulness have significant impacts on perceived price fairness. Finally, perceived price fairness is strongly related to competition intensity in the online auction. This study ends with theoretical and managerial implications, as well as limitations and future research.

• International Area Studies Review
• /
• v.13 no.3
• /
• pp.3-27
• /
• 2009

This paper measures market power in the Mongolian banking sector using bank level panel data for commercial banks over the period of 1999 - 2006. In the literature, studies on banking competition have largely focused on the banking sectors of developed economies. However, banking competition in developing countries such as Mongolia has been largely neglected. This paper is an attempt to fill this gap. We find that both the monopoly hypothesis and the perfect competition hypothesis are rejected and that the Mongolian banking sector is instead characterized by monopolistic competition. We thus find that the Mongolian banking sector is more competitive than market concentration measures may suggest. We infer that the entries of new banks have strengthened market competitiveness.

• Korean System Dynamics Review
• /
• v.13 no.3
• /
• pp.5-22
• /
• 2012

Although many system dynamists point out the close relationship between institutional economics and system dynamics, the relationship between institutional political theory and system dynamics approach is not explicitly appreciated yet. We developed a system dynamics model to investigate theoretical propositions of institutional politics. Our system dynamics model showed how the endogenous mechanism can explain the political changes as well as orders. Although simple in the causal structure, our model could show a complex behavior of political competition. Several simulation results imply that some unexpected changes in election and power competition may come from the endogenous system rather than from exogenous factors such as economic and environmental shocks.

• International Journal of Automotive Technology
• /
• v.4 no.4
• /
• pp.157-164
• /
• 2003

An experimental and numerical study was performed to investigate the macroscopic and microscopic atomization characteristics of high-speed diesel spray issued from the common-rail injection system. For the experiments, spray visualization system and a phase Doppler particle analyzer system were utilized to obtain the spray atomization characteristics such as the process of spray development, spray tip penetration, and SMD distribution. In order to analyze the process of spray atomization with KIVA-3 code, the TAB breakup model is changed to the KH-DDB competition model, which assumes the competition between the wave instability and droplet deformation causes the droplet breakup above the breakup length. The calculated results were also compared with the experiments in terms of spray tip penetration and SMD distribution. The results provide the process of spray development, axial and radial distribution of SMD, and calculated overall SMD as a function of time after start of injection.

• Proceedings of the KIEE Conference
• /
• 2006.07d
• /
• pp.2097-2098
• /
• 2006

In this study, we introduce the hybrid optimization of fuzzy inference systems that is based on Hierarchical Fair Competition-based Parallel Genetic Algorithms (HFCGA). HFCGA is a kind of multi-populations of Parallel Genetic Algorithms(PGA), and it is used for structure optimization and parameter identification of fuzzy set model. It concerns the fuzzy model-related parameters as the number of input variables, a collection of specific subset of input variables, the number of membership functions, and the apexes of the membership function. In the hybrid optimization process, two general optimization mechanisms are explored. The structural optimization is realized via HFCGA method whereas in case of the parametric optimization we proceed with a standard least square method as well as HFCGA method as well. A comparative analysis demonstrates that the proposed algorithm is superior to the conventional methods.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.53 no.6
• /
• pp.350-357
• /
• 2004

In a deregulated electricity generation market, the sufficient capacity of transmission lines will promote the competition among generation companies (Gencos). In this paper, we show that Gencos' possession of rights to collect congestion rents may increase the competition effects of the transmission lines. In order for concrete analysis on this effect, a simple symmetric market model is introduced. In this framework, introducing the transmission right to the Gencos has the same strategic effects as increasing the line capacity of the transmission line. Moreover, the amount of effectively increased line capacity is equal to the amount of the line rights. We also show that the asymmetric share of the financial transmission rights may result in an asymmetric equilibrium even for symmetric firms and markets. We also demonstrate these aspects in equal line rights model and single firm line rights model. Finally, a numerical example is provided to show the basic idea of the proposed paper.

• Korean System Dynamics Review
• /
• v.11 no.4
• /
• pp.5-23
• /
• 2010

The competition between hospitals has become an issue for many hospitals because of the sudden increased number of health providers. As the marketing or customer management have become important factors as means of competition, a number of hospital have been considered or already adopted the coordination system. A system dynamics model is developed to see the effect of the hospital coordination system. This paper after briefly explaining the structure of the system dynamics model, discusses the roles of the hospital coordination system with examples. The system dynamics model quantifies through simulations the process of effects of coordination system on the number of customers, productivities of employees (nurses and doctors), and finally the financial status. As a conclusions of the simulations and their analysis, it is concluded that coordination system could be more effective than the investment to the facilities. Since the study is based on only one hospital case, it is limited. However, it explains the mechanism of the coordination system quantitatively as well as qualitatively.