• Title/Summary/Keyword: efficient market

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Nowcast of TV Market using Google Trend Data

  • Youn, Seongwook;Cho, Hyun-chong
    • Journal of Electrical Engineering and Technology
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    • v.11 no.1
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    • pp.227-233
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    • 2016
  • Google Trends provides weekly information on keyword search frequency on the Google search engine. Search volume patterns for the search keyword can also be analyzed based on category and by the location of those making the search. Also, Google provides “Hot searches” and “Top charts” including top and rising searches that include the search keyword. All this information is kept up to date, and allows trend comparisons by providing past weekly figures. In this study, we present a predictive model for TV markets using the searched data in Google search engine (Google Trend data). Using a predictive model for the market and analysis of the Google Trend data, we obtained an efficient and meaningful result for the TV market, and also determined highly ranked countries and cities. This method can provide very useful information for TV manufacturers and others.

The Present Condition of LED Industry and Necessity of Promote it (뉴스초점 - LED산업 현황 및 육성의 필요성)

  • Ha, Jae-Chan
    • Journal of the Korean Professional Engineers Association
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    • v.42 no.5
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    • pp.41-45
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    • 2009
  • The last century of lighting has been dominated by incandescent, fluorescent and high-intensity discharge(HID)light sources. In the late 1970's, after green LEDs were invented, Dr. Ching Tang at Eastman Kodak discovered that sending an electrical impulse through carbon compound caused such material glow. Present day LED commercial packages have reached 100 lm/W, comparable to the efficacies of fluorescent and certain HID lamps. LED products available today are market as "Green-Industry" but actually low light output compared to typical light sources. The combination of high price and low light output make them a poor replacement for current technology. It is very important to compare new LED products to the most efficient conventional technology that could be used for any specific application. As LED technology advances, costs decrease, and efficiency improves, LEDs will build market share in the general illumination market.

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Optimal Power Flow Considering Price Elasticity of Customer (소비자의 가격탄력성을 고려한 최적조류계산)

  • Joung, Sang-Houn;Shin, Young-Gyun;Kim, Bal-Ho H.
    • Proceedings of the KIEE Conference
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    • 2002.11b
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    • pp.372-374
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    • 2002
  • The Optimal Power Flow(OPF) is the optimization model that has different constraints and the specified objective function, which is very useful tool for efficient system and market operation in the competitive electricity market. The existed OPF models focus on the minimization of generation fuel cost under informed demand values at each bus Recently, the studies of OPF model with demand function considering the response behavior of customers in the deregulated electricity market have been executed. This paper implements the OPF model using demand function with specified price elasticity, and provides the analysis of related results.

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The Role of Compensation in Natural Resource Conflicts (자연자원분쟁에서 보상의 역할에 대한 연구)

  • Hong, Seonghoon
    • Environmental and Resource Economics Review
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    • v.11 no.1
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    • pp.31-55
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    • 2002
  • When landowners have private information about land value, compensation based on conservation value at the time of regulatory takings of land is impractical even though it generates an efficient outcome. No compensation rule to a landowner not only yields an inefficient outcome but also provides an ex ante pervasive incentive for the landowner to invest in lowering conservation value. An alternative rule of compensation based on the market value of the land provides ex ante incentives for landowner either to reduce conservation value or to increase it. Under the market value compensation rule, placing the burden of proof on landowner gives higher probability of conservation than placing it on regulator. Whether it is better to allure landowners to conserve by paying compensation with market value and placing the burden of proof on landowner through changes in the regulatory regime however depends on the magnitude of inefficiency, equity consideration and dynamic nature of property rights on environmental goods.

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Generator Scheduling and Bidding Strategies in Competitive Electricity Market (경쟁시장에서 유지보수계획 및 입찰전략 수립에 관한 연구)

  • Ko, Young-Jun;Lee, Hyo-Sang;Shin, Dong-Joon;Kim, Jin-O
    • Proceedings of the KIEE Conference
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    • 2001.11b
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    • pp.429-431
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    • 2001
  • The vertically integrated power industry was divided into six generation companies and one market operator, where electricity trading was launched at power exchange. In this environment, the profits of each generation companies are guaranteed according to utilization of their own generation equipments. This paper represents on generator maintenance scheduling and efficient bidding strategies for generation equipments through the calculation of the contract and the application of each generator cost function based on the past demand forecasting error and market operating data.

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The Market Development of PM Aluminum

  • Huo, Shuhai;Heath, Bill;Lall, Chaman
    • Proceedings of the Korean Powder Metallurgy Institute Conference
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    • 2006.09b
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    • pp.714-715
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    • 2006
  • The Application of powder metallurgy (PM) aluminum structural parts is at its early growing stage, despite of some automotive applications. The market potential for PM aluminum, however, is large. Growth is expected from the market expansion of the existing applications and new applications, including the replacements of aluminum and zinc based castings and some ferrous PM automotive parts by PM aluminum. Compared to castings, PM is an efficient mass production technology. The PM aluminum is more competitive than die casting for some automotive applications. Besides weight saving leading to performance improvement, the total cost increase for aluminum PM parts is less than 15% compared to ferrous PM automotive parts. The future is promising for PM aluminum.

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A Study on the Subside Policy of District Heating CHP System in a Competitive Electricity Market (전력분야 경쟁도입에 따른 열병합발전소 지원정책 고찰)

  • Kim, C.S.;Rhee, C.H.;Jo, I.S.
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.661-663
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    • 2003
  • Electric generation cost in district Heating CHP system has close relationship with the level of heating price. So far, the calculation of CHP generation cost has been based on cost recovery system in which revenue requirement deducted the revenue from heating-sales. The restructuring of electricity industry determines the market-clearing price every hour and made it impossible that the loss due to the above market cost can be attributed to the generation cost. Hence, the loss is compensated by energy subsidy program in public benefit charge. This analysis derives an efficient action plan for future subsidy program.

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Survey for the Trend of Demand Response Program (Demand Response Program의 동향 분석)

  • Kim Hyeong Jung;Son Hag Sig;Kim In Soo;Im Sang Kug;Park Jong Bae;Shin Jopng Rin
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.671-673
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    • 2004
  • Demand Response Programs (DRP) are critical to the operation of efficient and competitive energy markets. and provide critical market improvements to Independent System Operators (ISO). To all energy market Participants, they Provide savings and cost reductions when end users have the ability to respond to wholesale prices. Now, in the competitive electricity market, DRP is classified by Emergency and Economic DRP to reduce costs and maintain reliability. In this paper, we survey the trend of Demand Response Program over the world and compare the practical performance among the markets in US.

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Analysis of CRM Using Neural Networks in Telecommunication service Market (통신시장에서 신경망을 통한 고객관리 분석)

  • 장일동
    • Journal of the Korea Society of Computer and Information
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    • v.6 no.3
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    • pp.29-34
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    • 2001
  • Competition is increasing in telecommunication service market. Effective customer retention strategies are based on a clear understanding of customer defection. Data mining offers service providers great opportunities to get closer to customer. In this paper, we propose an efficient data mining algorithm using neural network. Especially Analysis of CRM Using Neural Networks in Telecommunication service Market and a practical application of neural network is described telco, churn management This paper builds model of customer defection management and analyzes customer defection with data mining

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In Search of an Efficient Market Mechanism for a Digital Economy: Virtual Field Experiments on Posted-price Markets and Auctions (디지털 경제에서의 효율적 시장 메커니즘에 대한 연구: 가격부착 시장과 경매에 대한 가상 실험)

  • Beomsoo Kim
    • The Journal of Society for e-Business Studies
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    • v.5 no.1
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    • pp.135-158
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    • 2000
  • In recent years, many retail businesses jumped on the Internet auction bandwagon and paid substantially high fees to learn and develop proper business strategies for this new environment. Unlike what most businesses in the real world presume, this research shows that discriminatory-price ascending-bid auctions in a digital economy might be not very beneficial for the sellers on the Internet, if sellers sell the identical digital products through both a typical posted-price market and an auction. Using an extensive technology infrastructure along with suitable incentives and rules for market agents, we found that a discriminatory-price ascending-bid auction, which is the most popular auction mechanism on the Internet, serves consumers better than it does the sellers or producers in the digital economy. That is, the average prices for digital goods in these auctions are substantially lower than the prices in a posted-price market. This shows that it is not so wise for sellers to jump on the bandwagon of Internet auctions, if there is a market place with posted-price mechanisms which sells comparable items, or if a seller does not have special advantages or strategies in this new market institution. Electronic market mechanisms provide powerful means of understanding and measuring consumer characteristics including willingness-to-pay and other demographics for sellers or producers. Many concern that sellers may extract the entire surplus from the market by using customization on the Internet, thus consumers will be worse off in this digital economy. We found that these sellers who can customize their products and prices fail to capture the whole consumers surplus and cannot exercise a monopoly. One major explanation for this phenomenon is that the competition among the sellers prohibits them from charging prices according to customers demand for each product, where switching from one seller to another is not so difficult for the customers, and reselling products among the buyers are prohibited.

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