• Title/Summary/Keyword: market price system

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Competitive Advantages and Disadvantages of Trans-Siberian Railway Route -Case study of Korea and Japan-

  • Tsuji, Hisako
    • International Journal of Railway
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    • v.6 no.4
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    • pp.139-147
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    • 2013
  • TSR (Trans-Siberian Railway) route is losing price competitiveness versus Deep Sea route in the transportation from East Asia to Europe, including Moscow. To further attracting the containers to the TSR route, it will be necessary (1) to keep competitive through rate, linked to fluctuating Deep Sea rate; (2) to strengthen speed advantage; (3) to enforce seamless transportation system, including simplified customs clearance procedures. In transportation to Central Asia from East Asia (Korea and Japan), TSR is competitive versus TCR (Trans-China Railway), depending on destinations. Korea has been the leader in revitalizing the TSR route since 2000. Key contributors were affluent export containers to Russia and Central Asia, port of Busan, efficient maritime transport network to Far East Russia, and Korean forwarders' persistent efforts for activating the market. Korea and Japan have a possibility of cooperation in using the TSR route efficiently, such as organizing a joint block train to a same destination.

A Novel Network Reduction Method based on Similarity Index between Bus Pairs (모선 간 유사지수에 근거한 새로운 계통축약 기법)

  • Chun, Yeong-Han;Lee, Dong-Su
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.4
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    • pp.156-162
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    • 2006
  • Transmission zones can be defined based on LMPs. Each zone consists of nodes with similar LMPs, and zonal price is determined by average nodal prices in each zone.[1] Network reduction is still important for the analysis of zonal systems under electricity market environments, even though the computing capability of computer system can deal with entire power systems. The Similarity Index is a good performance measure for the network reduction.[2] It can be applied to the network reduction between zones categorized by the nodal prices. This paper deals with a novel network reduction method between zones based on the similarity Index. Line admittances of reduced network were determined by using the least square method. The proposed method was verified by IEEE 39 bus test system.

A Study on Dividing the Feasible Areas to Cut and Calculating the Stumpage Value of Forests using Geographic Information System (지리정보시스템(GIS)을 이용한 벌채가능지역의 구분 및 입목가격 산정에 관한 연구)

  • Kim, Han-Soo;Won, Hyun-Kyu;Choi, Jo-Ryong;Woo, Jong-Choon
    • Journal of the Korean Association of Geographic Information Studies
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    • v.3 no.3
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    • pp.54-68
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    • 2000
  • This study was tried to calculate the stumpage value using GIS technique. Before calculating this price the feasible areas to cut were divided from all forests. The stumpage value per $m^3$ was calculated by the method of calculating back from the market price, according to the working volume of logging unit and clearing a felling area using GIS. The distribution of the stumpage value for the coniferous stands was estimated from minimum 10,000 won to maximum 50,000 won, and for the deciduous stands the stumpage value was distributed from minimum 20,000 won to maximum 40,000 won. The total estimated selling price for the cutting available area (197.3ha) among this study area(250ha) except the cutting limited area was about 1.13 billions won. And the estimated selling price for the korean white pine stands was about 650 millions won, occupied 57% among the total selling price, and for the deciduous stands showed 383 millions won, occupied 34% of the total price, and for the japanese larch was 9.69 millions won, occupied 9% of the total price. But the rigida pine stands showed only 1.22 millions won.

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A design of automatic trading system by dynamic symbol using global variables (전역 변수를 이용한 유동 심볼 자동 주문 시스템의 설계)

  • Ko, Young Hoon;Kim, Yoon Sang
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.6 no.3
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    • pp.211-219
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    • 2010
  • This paper designs the dynamic symbol automatic trading system in Korean option market. This system is based on Multichart program which is convenient and efficient system trading tool. But the Multichart has an important restriction which has only one constant symbol per chart. This restriction causes very useful strategies impossible. The proposed design uses global variables, signal chart selection and position order exchange. So an automatic trading system with dynamic symbol works on Multichart program. To verify the proposed system, BS(Buythensell)-SB(Sellthenbuy) strategies are tested which uses the change of open-interest of stock index futures within a day. These strategies buy both call and put option in ATM at start candle and liquidate all at 12 o'clock and then sell both call and put option in ATM at 12 o'clock and also liquidate all at 14:40. From 23 March 2009 to 31 May 2010, 301-trading days, is adopted for experiment. As a result, the average daily profit rate of this simple strategies riches 1.09%. This profit rate is up to eight times of commision price which is 0.15 % per option trade. If the method which raises the profitable rate of wining trade or lower commission than 0.15% is found, these strategies make fascinated lossless trading system which is based on the proposed dynamic symbol automatic trading system.

Multiple-Background Model-Based Object Detection for Fixed-Embedded Surveillance System (고정형 임베디드 감시 카메라 시스템을 위한 다중 배경모델기반 객체검출)

  • Park, Su-In;Kim, Min Young
    • Journal of Institute of Control, Robotics and Systems
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    • v.21 no.11
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    • pp.989-995
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    • 2015
  • Due to the recent increase of the importance and demand of security services, the importance of a surveillance monitor system that makes an automatic security system possible is increasing. As the market for surveillance monitor systems is growing, price competitiveness is becoming important. As a result of this trend, surveillance monitor systems based on an embedded system are widely used. In this paper, an object detection algorithm based on an embedded system for a surveillance monitor system is introduced. To apply the object detection algorithm to the embedded system, the most important issue is the efficient use of resources, such as memory and processors. Therefore, designing an appropriate algorithm considering the limit of resources is required. The proposed algorithm uses two background models; therefore, the embedded system is designed to have two independent processors. One processor checks the sub-background models for if there are any changes with high update frequency, and another processor makes the main background model, which is used for object detection. In this way, a background model will be made with images that have no objects to detect and improve the object detection performance. The object detection algorithm utilizes one-dimensional histogram distribution, which makes the detection faster. The proposed object detection algorithm works fast and accurately even in a low-priced embedded system.

A Study on the Design for Contents System of Real Estate based on Web Engineering (웹 공학 기반의 부동산 컨텐츠 시스템 설계에 관한 연구)

  • Kim Young-sun
    • Journal of the Korea Society of Computer and Information
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    • v.10 no.6 s.38
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    • pp.55-64
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    • 2005
  • The design for an real estate system offer reliability information at once which of the information to extensive data collection of real estate and an real estate price decision Real estate policy make reflect to the appear and apply. The taste of an real estate buyer is various today that We have been changed into a buyer center in the market of the while of a salesman center Real estate area range of which brokerage business have been reduced gradually which are charging the task of an real estate intermediation. We take the influence to implementation of an real estate information system which real estate field range of brokerage business with real estate mediation business take charge have been reduced gradually. An Real estate circulation market are leading the change of the environment to be brings the change of the method of an real estate transaction. This paper has the purpose that lead new internet age to the design for contents system of real estate based on Web engineering, accomplish revitalization of real estate information system that offer Web service information.

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Analysis of Technology Value Strategy using Technology Valuation System (기술가치 평가시스템을 이용한 기술가치 전략 분석)

  • Kwon, Bang-Hyun;Whang, Kyu-Seung
    • Information Systems Review
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    • v.5 no.1
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    • pp.129-146
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    • 2003
  • Increasing number of transactions and investments in technology has sparked a growing interest in technology valuation. However, it has not been easy to come up with an objective valuation of technology due to variance in technology value and specialty of technology valuation. The main objective of this paper lies in the development of a new system for technology valuation, Web-based Interactive Technology Valuation (WITV) system, which valuate the technology and analyze the technology value strategy. WITV system uses the Technology Valuation Attractiveness Model (TVAM). TVA is composed of the Intrinsic Value of Technology (IVT) and the Extrinsic Value of Technology (EVT). This paper experiment the feasibility of the TVA Model and WITV System by conducting an empirical study on small & medium sized manufacturing companies in IT industry, registered on KOSDAQ. In this study, the potential value is defined as the technology value. It is represents the expected profit appraised by the market under the competitiveness of technology and the growth of the market. TVA is measured as the index to forecast the Price-to-Book value Ratio (PBR), which is the proxy variable for the potential value of the technology. The results identify the feasibility of the TVAM through a high correlation between the TVA and the PBR.

An Operations Model for Home Energy Management System Considering an Energy Storage System and Consumer Utility in a Smart Grid

  • Juhyeon Kang;Yongma Moon
    • Asia pacific journal of information systems
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    • v.27 no.2
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    • pp.99-125
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    • 2017
  • In this study, we propose an operations model to automate a home energy management system (HEMS) that utilizes an energy storage system (ESS) in consideration of consumer utility. Most previous studies focused on the system for the profits obtained from trading charged energy using large-scale ESS. By contrast, the present study focuses on constructing a home-level energy management system that considers consumer's utility over energy consumption. Depending on personal preference, some residential consumers may prefer consuming additional energy to earn increased profits through price arbitrage and vice versa. However, the current system could not yet reflect on this aspect. Thus, we develop an operations model for HEMS that could automatically control energy consumption while considering the level of consumer's preference and the economic benefits of using an ESS. The results of simulations using a dataset of the Korean market show that an operations policy of charging and discharging can be changed depending on consumer's utility. The impact of this policy is not ignorable. Moreover, the technical specifications of ESS, such as self-discharge rate and round-trip efficiency, can affect the operations policy and automation of HEMS.

A Study on the Marketing System Construction and Merchandising of Tongyoung Marine Ranching (통영바다목장의 유통체제 구축과 상품화계획에 관한 연구)

  • 강종호;류정곤
    • The Journal of Fisheries Business Administration
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    • v.34 no.2
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    • pp.91-107
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    • 2003
  • Distribution of fish products from Tongyoung Marine ranching can be classified by three routes such as street-stall, live fish transportation vehicles, and wholesale markets neighboring unloading ports. These methods of distribution, however, have been restricted by limited distribution right, difficulties to differentiate fish prices from other surfaces, simple marketing channels. The ratio of cultured live fish circulated in market is increasing while naturally caught live fish is decreasing and the fresh fish shows a little of increasing rate. Consumers purchasing routes mainly depend on the live fish transportation merchants. For fresh fish traditional market plays an important role in trade. Convenience for consumers and quality of products are main factors in making decision of purchases. Bargaining power, however, belongs to the live fish transportation merchants. The demand of special markets for live fish was very strong, and the convenience and quality are relatively important required factors. Catch from Tongyoung Marine ranching has very good reputation as the possibility of being a good brand. Expecting possibility of quality differentiation was higher than price differentiation specially. The possible conclusion of a contract of a supply was suspicious however. Preliminary quality evaluation revealed that the catch is better than the cultured but worse than naturally grown fish. A merchandising is to be in a better position in the formation of prices by giving $\ulcorner$brand image$\lrcorner$ to potential consumers. The target markets are retail stores such as restaurants for raw fish and final consumers. The staple markets are retail stores. Possible items of products are live fish, fresh fish for cook, and fresh fish for raw fish. It is necessary for the catch to be informed as new functional products that have been improved in safety and quality, since the product positioning is similar but not well known to consumers. To secure a brand it is required to register a trademark, eco-label product design or packing, use real name in tranction, introduce recall system, and put label. Price higher than naturally grown live fish should be targeted. Establishing broad distribution channel, wholesale market, franchise are required. To secure enough catch and control shipment of products facilities of containing live fish are necessary. Instead of dealing with live fish only, it would be better to. sell fresh fish and live fish simultaneous. Strategically promotion focuses on advertisement of Marin ranching at first and then focuses on the catch from the marine ranching.

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Measuring Inner or Outer Position of Ship Passenger and Detection of Dangerous Situations based LoRa WAN Communication (LoRa WAN 통신 기반의 선박 내/외부 승선자 측위 및 위험상황 감지 시스템)

  • Park, Seok Hyun;Park, Moon Su
    • Journal of Korea Multimedia Society
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    • v.23 no.2
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    • pp.282-292
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    • 2020
  • In order to minimize casualties from marine vessel accidents that occur frequently at home and abroad, it is important to ensure the safety of the passengers aboard the vessel in the event of an accident. There is an EPIRB system as a system for disaster preparedness in the marine situation currently on the market, but there is a problem that the price is very expensive. In order to overcome the cost problem, which is a disadvantage of previous system, LoRaWAN-based communication is used. LoRaWAN communication-based vessel positioning and risk detection system based on LoRaWAN communication transmits measurement data of each module using two Beacon and GPS modules to stably perform position measurement for both indoor and outdoor situations. The rider danger situation detection system can detect the safety status of the rider using the 3-axis acceleration sensor, collect data from the rider positioning system and the rider safety status detection system, and send to server using LoRa communication. When conducting communication experiments in the long-distance maritime situation and actual communication experiments using the implemented system, it was found that the two experiments showed over 90% communication success rate on average.