• 제목/요약/키워드: option market

검색결과 212건 처리시간 0.026초

인도 녹색산업 진입 전략에 대한 탐색적 연구 - 재생에너지 분야를 중심으로 - (The Exploratory Study on the Entry Mode for Indian Green Industry)

  • 박현재;박세훈
    • 무역상무연구
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    • 제55권
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    • pp.265-290
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    • 2012
  • CEPA (Comprehensive Economic Partnership Agreement) between India and Korea may vitalize Korean economy more and more. Currently most of Korean firms have entered into manufacturing industries like electronics and automobiles. But only a few Korean companies are trying to penetrate into Indian green industry so this paper suggest how to enter into Indian green industry, especially renewable energy sectors. First, Exporting main shaft, tower-flange and polysilicon products can be considered, as a first step of entry mode. Second, entry mode based on contract like technology licensing, strategic alliance and joint venture establishment can be also one of options. For example, Korean solar energy industry which show more competitiveness than that of Indians should try to make technological licensing on PV modules. In addition to this, they should also try to make joint ventures with right Indian partners and build up 'Solar City' nearby regions like Gurgaon in India where many Korean firms are located. Korean shipbuilding firms like Hyundai Engineering which keep on developing wind turbo engines can also try to make strategic alliance with Indian firms like Suzlon which has strong competitiveness. After that, they should explore Korean and Indian wind sector markets together. Third, brownfield investment can be last and final option as a entry mode as we consider the peculiar characteristics of renewable energy industry. Lastly, Korean government which are rush to indulge into green business should formulate more proper and realistic policies to give big incentives the concerned firms which are trying to open international green market so government should make Korean green firms not to lose good market opportunities related to green industry like renewable energy sectors. Renewable energy sectors are basically regarded as infrastructures so close contact to Indian central government as well as state government will be also required.

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시계열 자료 코스피200의 패턴분류를 위한 퍼지 서포트 벡타 기계 (Fuzzy Support Vector Machine for Pattern Classification of Time Series Data of KOSPI200 Index)

  • 이수용;손소영;김철응;이일병
    • 한국지능시스템학회논문지
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    • 제14권1호
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    • pp.52-56
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    • 2004
  • 주식시장에서 KOSPI200지수의 상승 또는 하락으로 분류 및 예측하는 정보는 선물 및 옵션시장에서 포토폴리오를 설계할 때 의사결정을 위해 중요한 기준이 된다. 경제지표인 시계열 패턴들의 향후 추세는 가장 최근의 경제패턴에 매우 종속적이기 때문에 최근의 패턴들을 가장 우선적으로 학습해야 할 필요가 있다. 본 논문에서는 시계열분석, 신경회로망, 그리고 다양한 분야에서 각광을 받고 있는 SVM(Support Vector Machine)과 Fuzzy SVM 모형의 분류 및 예측성능을 비교하였다. 특히 학습 DB에 따라 시계열성 속성을 갖는 퍼지소속함수에 가장 적합한 차원을 제시함으로서 Fuzzy SVM이 우수함을 입증하였다.

선박관리업의 성장 및 선택기준과 시사점에 관한 연구 (Growth & Selection Criteria of Ship Management Firms and Its Implications)

  • 김현덕;류동근;김광의
    • 한국항만경제학회:학술대회논문집
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    • 한국항만경제학회 2006년도 국제학술대회
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    • pp.277-290
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    • 2006
  • 해운업은 일반적으로 선박의 획득, 선박운영 그리고 비즈니스 활동으로 구분할 수 있다. 이러한 기능은 모든 선박이 수행하는 것이나, 중요한 것은 이러한 몇몇 또는 모든 활동이 자사 내에서 수행하는 것보다 제 3 자 관리업체에 의해 수행되는 것이 더 나은 선택인지 아닌지 하는 것이다. 그러나 비용절감을 성취하기 위해 선박관리업의 시장 규모는 지속적으로 지난 몇 십년간에 걸쳐 성장하고 있다. 본 논문은 선박관리와 시장의 발전 추세를 분석하고 우리나라 선박관리 회사와 비교분석을 한 후 선박관리회사의 선택기준에 관한 기초 설문조사를 수행하였다. 결론 부분에 이러한 분석이 갖는 시사점과 우리나라 선박관리회사의 발전 방안에 대해 제시하고자 한다.

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최적화된 중국시장의 공유자전거 모델제안 (Optimized Bicycle-sharing Model for China Market)

  • 왕양;박성일;이성필
    • 서비스연구
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    • 제8권4호
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    • pp.53-75
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    • 2018
  • 공유 자전거(bicycle-sharing)는 제품 서비스 시스템을 공유 경제(sharing economy)에 접목시킨 새로운 협력소비경제의 개념이다. 공유 자전거의 차별적 특징은 자전거 이용자가 자전거를 소유하고 있지 않더라도 자신이 원하는 시간에 원하는 지역에서 자전거를 타고 이동할 수 있다는 점이다. 중국의 경우, 공유 자건거가 제공하는 이러한 편익으로 인해 공유 자전거 이용자는 급격히 증가하고 있는 반면, 공유 자전거의 서비스 체험 품질과 사용자 만족도는 지속적으로 하락하고 있는 상황이다. 본 연구는 중국 내의 유저들이 공유 자전거 서비스 체험을 통해 지각하는 서비스의 품질을 실증분석을 통해 파악하고, 서비스가 제공되는 과정에서 발생할 수 잠재적인 문제점을 도출한 다음, 서비스 품질 제고와 사용 만족도를 높일 수 있는 가장 효과적인 방안을 설계하여 제안하고자 하였다. 실증연구는 서비스 디자인 관점에서 중국 내의 공유 자전거 서비스 경험자들을 대상으로 더블 다이아몬드 모델(Double diamond model)에 기반을 두고 진행되었다. 연구결과, 공유 자전거의 승차 단계에 대한 유저 교류, 흥미 및 통제권에 대한 수요를 만족시킬 수 있는 새로운 컨셉을 고안하였다. 이 콘셉트에서 제공하는 새로운 서비스 체험 방식은 인간 친화적인 것이 특징이며, 무엇보다도, 공유 자전거 이용자(또는 고객)의 잠재된 니즈를 충족시킬 수 있는 가능성을 보여주었다는 점에서 중요한 의미를 부여할 수 있다.

크라우드 소싱 접근법을 활용한 기술가치 평가 (Technology valuation utilizing crowd sourcing approach)

  • 최지은;이환수
    • 예술인문사회 융합 멀티미디어 논문지
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    • 제6권6호
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    • pp.403-412
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    • 2016
  • 기술을 이용한 거래 및 투자가 활성화 되면서 기술에 대한 객관적인 평가의 필요성이 증대되고 있다. 그러나 현행 기술가치 평가방법은 신뢰성 및 객관성이 부족한 한계를 가지고 있다. 전통적인 평가방법론인 시장접근법, 수익접근법, 비용접근법 외에도 실물옵션법, 로열티산정법 등 다양한 평가방법론이 연구되고 있으나 시장에서 지배적인 평가방법론은 없는 실정이다. 기술의 가치는 대상에 따라 상대적으로 결정되기 때문에 유사한 기술이라도 동일한 가치 평가방법을 적용할 수 없다. 이에 대하여 소수의 전문가보다 다수 참여에 의한 판단이 객관적이고 나은 결과를 가져온다는 의미의 집단지성 및 크라우드 소싱을 통한 접근은 위와 같은 문제에 대한 대안을 제시해 준다. 본 논문에서는 크라우드 소싱 모델의 네가지 유형인 Wisdom, Voting, Funding, Creation을 접목하여 전문가 그룹을 활용한 직접적 평가 및 대중의 간접적 평가를 통해 기술가치 평가에 대한 객관성을 제고할 수 있는 방법에 대해 논의한다.

식품산업에서 유청 단백질을 이용한 식용 필름과 코팅의 활용 (Whey Protein-Based Edible Films and Coatings in Food Industry)

  • 유자연;;김현욱;배형호;함준상
    • Journal of Dairy Science and Biotechnology
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    • 제41권4호
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    • pp.219-229
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    • 2023
  • Consumer demand for products with health benefits and natural ingredients is significant for the expansion of functional foods. Edible films and coatings are an excellent way to diversify the market for functional foods and as substitutes for the prevailing packaging and products. Incorporation of whey protein (WP) and its active ingredients into edible films and coatings is a promising technique that can be applied to various food products. Numerous combinations can be used on an industrial scale depending on the purpose, product, nature of the film, type of active ingredient, and type of inclusions. In this review, we describe several characteristics of edible WP films and coatings used as novel packaging materials. WP-based packaging can play a beneficial role in sustainability because of the option of recycling materials rather than incinerating, as in synthetic laminates, because of the use of natural byproducts from the food industry as raw materials. However, cost-effectiveness is a driving force against industrial setbacks in current and future WP processing developments. The industrial application of this new technology depends on further scientific research aimed at identifying the mechanism of film formation to improve the performance of both the process and product. Furthermore, research such as consumer studies and long-term toxicity assessments are required to obtain significant market shares.

가격탄력성과 생산비용에 기초한 대량 마케팅과 표적시장 마케팅의 비교 분석 (Comparative Analyses of Mass Marketing and Target Marketing Based on Price Elasticity and Production Cost)

  • 원지성
    • 유통과학연구
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    • 제11권4호
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    • pp.61-72
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    • 2013
  • Purpose - It is widely accepted that the process of developing marketing strategy is composed of three steps: market segmentation, target market selection and positioning. However, mass marketing strategy based on cost reduction through economies of scale and standardized products, can be also an effective strategic option. Many marketing scholars including Theodore Levitt emphasize the importance of applying the mass production concept to various industries including service industries. Especially, in times of economic downturn, the capability of providing consumers with low-priced, value products can be an important source of competitive advantage, as well as the ability of providing high-priced premium products. Marketers should decide whether they will implement mass marketing strategy or target marketing strategy. The present study theoretically shows that firms should understand the target customers' price elasticity as well as the firm's cost structure in order to make such a strategic decision. Research design, data, and methodology - Instead of implementing an empirical study, this study provides a theoretical(mathematical) investigation on the effect of consumers' price elasticity on a firm's optimal price level, profit, sales volume, revenue, and cost. The results are mostly deduced from derivative calculations and several graphs are utilized to represent the results on the relationships between the variables under study. Results - The analytical results suggest that it is more profitable for a firm to adopt the segment/target marketing strategy (more specifically the differentiation strategy) when the degree of consumers' heterogeneity is high and the proportion of the fixed cost in the total cost is low. On the other hand, if the degree of consumers' heterogeneity is low and the fixed cost is high, it is better to adopt the mass marketing strategy or the cost leadership strategy. The strategy of concentrating on a single target market will be effective when consumers' needs are highly heterogeneous but the fixed cost is high. Any of the three types of generic strategies proposed my Porter(1980, 1985) can be applied when both the consumers' heterogeneity and the fixed cost are low. This study also proposes the contribution-margin-based method for developing the optimal pricing strategy. Conclusions - One of the primary roles of marketers is to find a proper compromise between the two conflicting goals of maximizing customer satisfaction and minimizing cost. In order to do so, he or she should understand the characteristics of the target customers as well as the cost structure of the firm. In addition to the theoretical analyses, this study discusses several business cases and explains how superior companies find the optimal compromise position between these two goals and dominate the market. One of the radical changes recently taking place in business arena is the reduction of production and distribution costs of both physical goods and information due to the advancement and the wide diffusion of information technology. The cost reduction combined with lowered priced elasticity incurred by customized products and services, will enable many firms to adopt the mass customization strategy.

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A COMPARISON STUDY OF EXPLICIT AND IMPLICIT NUMERICAL METHODS FOR THE EQUITY-LINKED SECURITIES

  • YOO, MINHYUN;JEONG, DARAE;SEO, SEUNGSUK;KIM, JUNSEOK
    • 호남수학학술지
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    • 제37권4호
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    • pp.441-455
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    • 2015
  • In this paper, we perform a comparison study of explicit and implicit numerical methods for the equity-linked securities (ELS). The option prices of the two-asset ELS are typically computed using an implicit finite diffrence method because an explicit finite diffrence scheme has a restriction for time steps. Nowadays, the three-asset ELS is getting popularity in the real world financial market. In practical applications of the finite diffrence methods in computational finance, we typically use relatively large space steps and small time steps. Therefore, we can use an accurate and effient explicit finite diffrence method because the implementation is simple and the computation is fast. The computational results demonstrate that if we use a large space step, then the explicit scheme is better than the implicit one. On the other hand, if the space step size is small, then the implicit scheme is more effient than the explicit one.

계획생산과 주문생산 시설들로 이루어진 두 단계 공급망에서 재고 할당과 고객주문 수용 통제의 통합적 관리 (Integrated Inventory Allocation and Customer Order Admission Control in a Two-stage Supply Chain with Make-to-stock and Make-to-order Facilities)

  • 김은갑
    • 한국경영과학회지
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    • 제35권1호
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    • pp.83-95
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    • 2010
  • This paper considers a firm that operates make-to-stock and make-to-order facilities in successive stages. The make-to-stock facility produces components which are consumed by the external market demand as well as the internal make-to-order operation. The make-to-order facility processes customer orders with the option of acceptance or rejection. In this paper, we address the problem of coordinating how to allocate the capacity of the make-to-stock facility to internal and external demands and how to control incoming customer orders at the make-to-order facility so as to maximize the firm's profit subject to the system costs. To deal with this issue, we formulate the problem as a Markov decision process and characterize the structure of the optimal inventory allocation and customer order control. In a numerical experiment, we compare the performance of the optimal policy to the heuristic with static inventory allocation and admission control under different operating conditions of the system.

정보기술 혁신이 기업 가치에 미치는 영향: 정보기술 특허를 중심으로 (The Impact of IT Innovation on Firm Value: Evidence from IT Patents)

  • 정성훈;김기민
    • 지식경영연구
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    • 제17권3호
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    • pp.161-179
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    • 2016
  • The recent patent wars in the information technology (IT) industry demonstrate the strategic importance of IT patents in the industry. In this paper, we adopt the lens of real options to study the value of IT patents for IT firms. Specifically, we examine the relationship between IT patents and firms' market performance. We also consider the moderating effect of the innovation orientation of firms' patent portfolios (exploitative vs. explorative). Based on a large panel dataset consisting of 697 firms in US IT industries, our results suggest that the impact of IT patents on firm value (as measured by Tobin's q) is positive and significant. Further, we find that this impact varies, depending on the innovation orientation of firms' patent portfolios. IT patent portfolios with higher levels of an exploitative orientation are associated with higher firm value, compared to those with a lower exploitative orientation. This study highlights the value of employing real options theory as the underlying mechanism in understanding the impact of patents on firm valuation. Future researchers can adopt the real options lens to identify and empirically examine the role of other factors that may affect the value of patents and other investments exhibiting real option characteristics. While our paper answers some questions about the value of patents in the IT industry, it also raises a number of additional new questions. As such, we hope that it will generate more research on this important topic.