• Title/Summary/Keyword: market price system

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Development of An Optimal Routes Selection Model Considering Price Characteristics of Agricultural Products (농산물의 가격특성을 고려한 최적경로 선정모델 개발)

  • Suh, Kyo;Lee, Jeong-Jae;Huh, Yoo-Man;Kim, Han-Joong;Yi, Ho-Jae
    • Journal of The Korean Society of Agricultural Engineers
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    • v.46 no.1
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    • pp.121-131
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    • 2004
  • Transportation and logistics of agricultural products have been one of the major interests of many researches. Most of researches have been limited to presuming these as a first dimensional process or considering only economic value of agricultural products at each stage of logistics. However, the particular characteristics of agricultural products, such as quality change during transportation or extensively scattered origins, require examining these problems as a whole system. Network model has been adopted to represent nodes, which stand for spatial location of demand and supply of agricultural products, and communication between these nodes. Based on network theory and advanced marketing potential function, an optimal routes selection model is developed. The model employed network simplex method for routes optimization. The application of the model focused on transportation network organization to reflect different market prices for different locations and resulted in optimum routes and profit improvement of the applied agricultural product.

A Study on the Activation Measures of Internet Trade in International Trade (국제상거래에 있어서의 인터넷 무역 활성화 방안)

  • 최준호
    • The Journal of Information Technology
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    • v.3 no.3
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    • pp.39-55
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    • 2000
  • Internet Trade is the new type of business transaction, which sells and advertises the product and services by using the Internet, which is spreaded rapidly to the world. Under these circumstance, our country should discuss the proper position and role as the center in the trade amount in the world trade market, and face the irresistible changes of trade environment. First, in the institution and legal aspect. Second, the price payment system of the internet trade. Third, the so-called infra construction, the physical sector for activating the internet trade, the comprehensive plan of super-highway information communication net work by the government authorities is expected to be promoted. There is no perfect solution that internet trade could be completely done in front of monitor and will be solved one by one along with the development of electronic commerce. At last, the government's and industry's joint positive concern and participation in the rapidly changing new world trade trends of internet trade is expected fit for our position in the world.

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Proposal and Manufacturing of Prototype of the CVT Model using Spring

  • Kwon, Young Woong;Park, Sung Cheon
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.256-262
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    • 2021
  • In order for small electric vehicles to drive on hilly roads in Korea, methods to improve the climbing ability and power performance of vehicles should be taken. In order to improve the power performance of small electric vehicles, the performance of motors mounted on electric vehicles should be improved. However, if the performance of the motor is improved to improve the power performance of the electric vehicle, it is possible to lower the price competitiveness accordingly. In addition, the power consumption of the battery is rapidly increased to drive the high-performance motor, so in order to introduce the small electric vehicle into the domestic market, various problems must be overcome. In order to commercialize small electric vehicles that do not emit harmful exhaust gases to the human body in the hilly domestic terrain, it is effective to introduce a separate continuously variable transmission system that can improve the climbing ability and power transmission ability. In this study, we propose a proprietary model of continuously variable transmissions that can be applied to small electric vehicles. The proposed continuously variable transmission is equipped with a spring in the driving pulley and the driven pulley, and has the advantage of performing a shift that increases torque in a situation where the vehicle needs to increase torque when driving on a hill. In addition, the basic design for commercialization of the proposed continuously variable transmission was carried out, and the prototype manufactured and attached to the body of a small electric vehicle.

Study of Importance Awareness of Domestic Car Consumer's Product Selection Criteria (국산 자동차 소비자의 제품 선택 기준에 대한 중요도 인식 분석)

  • Lee, Taewon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.3
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    • pp.157-166
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    • 2019
  • The study had subject to find out what factors Korean automobile consumer is considering in their decision to purchase cars in the situation of the growing competition in the domestic automobile market. In order to this end, the previous study was reviewed to select various factors considered in the process of buying cars. Based on this, Analytic Hierarchy Process was used to prioritize which factors were considered more important by consumers. In the result of study, we could find that performance had the highest priority, and the second ranking was the price. In contrast, image of brand and convenience of maintenance were shown to be relatively low in importance, ranking $3^{rd}$ and $4^{th}$, respectively. Beside, we could recognized the ranking of other detailed factors. This study has an academic implication in that it is able to grasp the latest tendency of consumers' purchase choice of car and to make conclusion by applying AHP analysis method to study of related subject. It also have practical significance that can be a basis for make sense what factors should be taken by the automobile industry to uprise the purchase of the consumers through the identification and preparation of the purchase selection criteria of domestic automobile buyers.

The Contagion of Covid-19 Pandemic on The Volatilities of International Crude Oil Prices, Gold, Exchange Rates and Bitcoin

  • OZTURK, M. Busra Engin;CAVDAR, Seyma Caliskan
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.171-179
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    • 2021
  • In the international markets, financial variables can be volatile and may affect each other, especially in the crisis times. COVID-19, which began in China in 2019 and spread to many countries of the world, created a crisis not only in the global health system but also in the international financial markets and economy. The purpose of this study is to analyze the contagious effect of the COVID-19 pandemic on the volatility of selected financial variables such as Bitcoin, gold, oil price, and exchange rates and the connections between the volatilities of these variables during the pandemic. For this aim, we use the ARMA-EGARCH model to measure the impact of volatility and shocks. In other words, it is aimed to measure whether the impact of the shock on the financial variables of the contagiousness of the epidemic is also transmitted to the markets. The data was collected from secondary and daily data from September 2th 2019 to December 20th, 2020. It can be said that the findings obtained have statistically significant effects on the conditional variability of the variables. Therefore, there are findings that the shocks in the market are contaminated with each other.

A Novel DPP Converter Integrating Converters for Multiple Photovoltaic Submodules (다수의 Photovoltaic Submodule용 컨버터를 통합한 DPP 컨버터)

  • Lim, Ji-Hoon;Lee, Dong-In;Hyeon, Ye-Ji;Choi, Jae-Hyuk;Youn, Han-Shin
    • The Transactions of the Korean Institute of Power Electronics
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    • v.27 no.1
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    • pp.1-8
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    • 2022
  • Recently, photovoltaic (PV) systems have been gradually applied in eco-friendly vehicle applications to improve fuel economy. The relevant market is expected to continue to grow because the installation of large-capacity PV systems to other eco-friendly vehicles, such as electric buses and trains, is being considered. However, in a PV system, power imbalance between submodules and low power generation efficiency occur due to factors such as cell aging, contamination, and shading. To resolve this problem, various differential power processing (DPP) converters have been researched and developed. However, conventional DPP converters suffer from large volume and low efficiency. Therefore, to apply DPP converters to eco-friendly vehicles, increasing efficiency and reducing volume and price compared with existing DPP converters is necessary. In this paper, a novel DPP converter with an integrated transformer is proposed and analyzed. The proposed DPP converter uses a single magnetic component by integrating transformers and secondary sides of conventional DPP converters. Therefore, the proposed DPP converter shows high power density and high efficiency, and it is suitable for PV systems in eco-friendly vehicle applications.

Analyzing of Solar Power Generation Cost-Benefit Using Idle Sites(Parking Lot & Rooftop): Focusing on Environmental Benefit and Social Benefit (주차장·옥상 유휴부지를 활용한 태양광발전 비용편익 분석: 환경·사회 편익 중심으로)

  • Ko, Hyung-Do;Kim, Jeong-In;Ahn, Kyoung-Jin
    • Asia-Pacific Journal of Business
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    • v.13 no.2
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    • pp.139-154
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    • 2022
  • Purpose - This study aims to analyzing of solar power generation cost-benefit. Design/methodology/approach - We analyzed whether there is economic feasibility by selecting parking lots and idle sites located in four areas of Seoul, Gyeonggi, Chungcheong, Jeolla, and Gyeongsang areas nationwide, and analyzing site conditions and installation capacity. Findings - According to the results of the analysis, it was found that there is low profitability in Seoul, Gyeonggi and Chungcheong regions, where the solar radiation was not excellent even if REC is selected through the contract market. However, it is necessary to analyzed the economical validity the profitable validity including environmental benefits (greenhouse gas reduction, NOx, SOx reduction effect) and social benefits (renewable power supply) that is analyzed by income and operating costs which is occurred from electricity sales and REC sales when installing solar power generation facilities. Research implications or Originality - In this study, economic feasibility was evaluated additionally in consideration of environmental and social benefits. In conclusion, it was shown that businesses are not economical when considering only simple financial aspects are also sufficiently economical when it is considering environmental and social benefits.

Investment Decisions for Clean Development Mechanism under Uncertain Energy Policies using Real Option

  • Taeil Park;Changyoon Kim;Hyoungkwan Kim
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.107-110
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    • 2013
  • Recently, Korea parliament legislated the Low Carbon Green Growth Act (April, 2012) and approved a bill (May, 2012) to start carbon emission trading system in 2015. It means that for the first time, government would regulate the amounts of carbon emission in private entities, and private entities should attain predefined emission reduction goals by implementing clean development mechanism (CDM) project or buy the Certified Emission Reductions (CERs) from the trading market to avoid penalty. Under these circumstances, it is not easy for them to determine when or how to implement the CDM project because the governmental energy policies about the level of governmental subsidies, periods for free emission allocation, etc. are still under discussion and the future price of the CERs is quite uncertain. Thus, this study presents a real-option based model to assess the financial viability of the CDM project which switches bunker-C oil to liquefied natural gas (LNG). The proposed model is expected to assist private entities in establishing the investment strategy for CDM project under uncertain government energy policies.

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Analyzing the Determinants of Online Seafood Purchasing Using Heckman's Ordered Probit Sample-Selection Model (Heckman 순서형 프로빗 모형을 이용한 소비자의 온라인 수산물 구매 결정요인 분석)

  • Heon-Dong Lee
    • The Journal of Fisheries Business Administration
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    • v.55 no.1
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    • pp.37-53
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    • 2024
  • In the post-COVID-19, the food industry is rapidly reshaping its market structure toward online distribution. Rapid delivery system driven by large distribution platforms has ushered in an era of online distribution of fresh seafood that was previously limited. This study surveyed 1,000 consumers nationwide to determine their online seafood purchasing behaviors. The research methodology used factor analysis of consumer lifestyle and Heckman's ordered probit sample-selection model. The main results of the analysis are as follows. First, quality, freshness, selling price, product reviews from other buyers, and convenience are particularly important considerations when consumers purchase seafood from online shopping. Second, online retailers and the government must prepare measures to expand seafood consumption by considering household characteristics and consumer lifestyles. Third, it was analyzed that consumers trust the quality and safety of seafood distributed online platforms. It is not possible to provide purchase incentives to consumers who consider value consumption important, so improvement measures are needed. The results of this study are expected to provide implications on consumer preferences to online platforms, seafood companies, and producers, and can be used to establish future marketing strategies.

ORBITAL CONTRACTION IN METRIC SPACES WITH APPLICATIONS OF FRACTIONAL DERIVATIVES

  • Haitham Qawaqneh;Waseem G. Alshanti;Mamon Abu Hammad;Roshdi Khalil
    • Nonlinear Functional Analysis and Applications
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    • v.29 no.3
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    • pp.649-672
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    • 2024
  • This paper explores the significance and implications of fixed point results related to orbital contraction as a novel form of contraction in various fields. Theoretical developments and theorems provide a solid foundation for understanding and utilizing the properties of orbital contraction, showcasing its efficacy through numerous examples and establishing stability and convergence properties. The application of orbital contraction in control systems proves valuable in designing resilient and robust control strategies, ensuring reliable performance even in the presence of disturbances and uncertainties. In the realm of financial modeling, the application of fixed point results offers valuable insights into market dynamics, enabling accurate price predictions and facilitating informed investment decisions. The practical implications of fixed point results related to orbital contraction are substantiated through empirical evidence, numerical simulations, and real-world data analysis. The ability to identify and leverage fixed points grants stability, convergence, and optimal system performance across diverse applications.