• Title/Summary/Keyword: producer price

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US Purchasing Managers' Index and its Impact on Korea and US

  • Jeon, Ji-Hong
    • 유통과학연구
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    • 제15권3호
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    • pp.17-25
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    • 2017
  • Purpose - The study is to examine the impact of the US Purchasing Managers' Index (PMI) on Korea and the US industrial economy including the distribution industry. We analyze its effect on the industrial economy centered on the distribution industry using economy indices in Korea and the US. Research design, data, and methodology - The variables are used to analyze the dynamic relationship which occurs among the US PMI, the industrial production index, producer price index, unemployment rate, and manufacturing Inventories Index in Korea and the US from January 1990 to July 2016 using Vector Error Correction Model. Results - As a main result, the impact of the US PMI on all the economy indices both Korea and the US has the same cyclical movement. The US PMI is positively related to the producer price and the industrial production index of Korea and the US, while it is negatively related to unemployment rate, and the manufacturing inventories index in Korea and the US. Conclusions - The US PMI as an advanced index has a power to predict the economies on Korea and the US. In the end, we find that the US PMI has a great impact on Korea and the US industrial economy.

조경수목의 가격변동 분석 (An Analysis of the Price Fluctuation of Landscaping Plants)

  • 박원규
    • 한국환경복원기술학회지
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    • 제16권6호
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    • pp.63-75
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    • 2013
  • The purpose of the study is investigating the price fluctuation of landscaping plants in the Information on Commodity Prices(ICP) and the posted price fluctuation of landscaping plants of Public Procurement Service(PPS) recent 10 years. It also provides the basic information which can be applied to production and sales of landscaping plants, comparing with general price index. The major findings of the study are as follows. First, The price of investigated plants of PPS has increased about 4.56% in average recent 10 years. Among this increase, of evergreen tree was predominant. On the other hand, landscaping trees price of ICP has increased about only 2.34% in average. Secondly, The result shows that average price of investigated plants of PPS is positively related with the price of ICP. For this reason, we found that prices of ICP and of PPS move together in most case. However, we found that there are no relation between Consumer Price Index(CPI), Producer Price Index(PPI) and Agricultural Price Index(API). Therefore, price fluctuation of landscaping trees moves regardless of normal price fluctuation in general. Third, even though result shows that price index of evergreen trees, deciduous trees and shrubs are weakly related with normal price index partly, it was not high enough to be significant. According to the result, we found that price of landscaping plants is not related with market situation. For this reason, we thought that there are some difficulties for the reasonable production and sales of landscaping plants because the price is somewhat decided by rule of thumb. Therefore, understanding the composition of cost and making prediction by price fluctuation available are needed so that it can be practically conducive to reasonable production and sales.

Impact of Marketing Losses on Efficiency in Transacting Banana in Scarce Rainfall Zone of Andhra Pradesh, India

  • Kumar, K. Nirmal Ravi
    • Agribusiness and Information Management
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    • 제9권2호
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    • pp.1-11
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    • 2017
  • Introduction: To analyze the impact of marketing losses on efficiency in transacting banana in Kurnool district of SRZ in Andhra Pradesh and to assess the opinions of the farmers on the constraints in transacting banana. Research back ground, Materials and Methods: The study relies exclusively on primary information obtained from the banana farmers of Kurnool District. Purposive sampling procedure was followed for the selection of the study area. Top two mandals in the district and top two villages in each mandal are selected in accordance with the area under cultivation of banana. Probability proportion to size was followed regarding the selection of sample farmers and accordingly 60 marginal, 37 small and 23 other farmers were selected and thereby, the total sample size was 120. Result and Discussion: Three marketing channels were identified in the marketing of banana in Kurnool district viz., Producer ${\rightarrow}$ Local-exporter ${\rightarrow}$ Wholesaler ${\rightarrow}$ Retailer ${\rightarrow}$ Consumer (Channel-I), Producer ${\rightarrow}$ Wholesaler ${\rightarrow}$ Cart-vendor ${\rightarrow}$ Consumer (Channel-II) and Producer ${\rightarrow}$ Juice-holder ${\rightarrow}$ Consumer (Channel-III). With the inclusion of marketing losses in the price spread analysis of banana in all the three channels, the marketing costs of all the intermediaries were increased and thereby, the farmer's share in consumer's rupee and Net Marketing Margins of the agencies are on the decline. So, without inclusion of marketing losses, the farmer's share in consumer's rupee and Net Marketing Margins of all the agencies are overvalued. The higher the marketing losses, the more is the negative impact on farmer's net selling price, net marketing margins of the intermediaries and marketing efficiency. The sample farmers are facing major problems in marketing of banana like frequent price fluctuations, unorganized marketing and lack of transportation facilities on priority basis. Suggestions: It is suggested to educate the farmers regarding the optimum maturity index for harvest, use of mechanical harvesters, proper placement of fruits during storage and ripening, better packaging and cushioning technologies to absorb shocks during transportation, strengthening of storage facilities and transport facilities, encourage co-operative marketing etc., to promote marketing efficiency of banana in the study area.

세드릭 프라이스의 건축에 나타나는 사이버네틱스의 영향 -'펀 팰리스' 프로젝트를 중심으로- (A Study on the Influence of Cybernetics in Architecture of Cedric Price -Focused on 'Fun Palace' Project-)

  • 김정수
    • 건축역사연구
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    • 제26권5호
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    • pp.7-18
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    • 2017
  • The 1960s in Britain was the period of rapid economic and social change. Under this circumstance, the visionary architect Cedric Price designed the Fun Palace, of which idea came from the theatre producer, Joan Littlewood. They hoped this place to be an improvisational learning space, so Price proposed the building as 'kit of parts' which can respond to programmatic indeterminacy. Cybernetics was introduced to control this flexibility dramatically changed the character of the project from 'theatre of people' to 'interactive machine'. That resulted in the change of the status of user from subjective human beings to abstract data in the cybernetic algorithm as well, and led the project to a completely opposite direction from that Price intended. After Fun Palace, cybernetics technology could still be found in his other projects, and it can be assumed that this was because the algorithmic system of cybernetics were on the same line of thought of Price's idea - anti-building or 'kit of parts'. The effects of cybernetics varied in projects; Similar negative effect in Fun Palace can be found in Generator project, but on the other hand, in Potteries Thinkbelt project, cybernetics showed a positive aspect by contribution to the development of project on the formal analogy of algorithmic network.

소비자물가지수의 시계열모형 연구 (Analysis of time series models for consumer price index)

  • 이훈자
    • Journal of the Korean Data and Information Science Society
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    • 제23권3호
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    • pp.535-542
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    • 2012
  • 소비자물가지수는 국가의 중요한 경제 척도 중의 하나이다. 본 연구에서는 4개 도시, 서울, 부산, 대구, 광주지역의 소비자물가지수를 연구하였다. 자료는 모두 통계청에서 발췌하였고, 기간은 1998년-2011년 월별자료이며, 시계열분석 기법인 자기회귀오차모형으로 분석하였다. 소비자물가 분석을 위한 설명변수는 9가지 경제변수인 경기동행지수, 미국환욜, 생산자물가지수, 원유수입단가, 원유수입물량, 국제경상수지, 수입물가지수, 실업율, 화폐통화량을 사용하였다. 분석 결과, 자기회귀오차모형으로 각 지역별 소비자물가지수를 46%-52% 정도 설명할 수 있다.

시내외 전화서비스 가격의 최적결정에 관한 실증연구

  • 지경용
    • ETRI Journal
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    • 제10권4호
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    • pp.146-160
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    • 1988
  • The purpose of the present study is to build a model to determine the structure of long-term quasi-optimal rates of local and toll telephone services. The outline of this study is as follows : Telephone business, providing social goods, is capital-intensive industry which needs huge fixed cost to operate exchanges and telephone networks nationwide. The nature of above industry justifies the market structure of telephone business to be natural monopoly and makes a good reason for government's direct regulation, that is, price regulation. Three is a gap between the present rates and the quasi-optimal ones because some administrative processes intervene in rate making process before execution. On the above diagnostic basis, the present study made an empirical test for the optimality of present rates structure in connection with Ramsey-Boiteux model to maximize the sum of producer's and consumer's surplus and also the current study proposed a qusasi-optimal rates structure for better market performance. From the empirical analysis, we can deduce a policy recommendation the local price should be increased to 47% whereas toll price decreased to 24% in order to improve the net welfare worth of 32.6 billion won.

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최저임금이 물가에 미치는 영향 (The Effect of the Minimum Wage on Price)

  • 전병힐;송헌재;신우리
    • 노동경제논집
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    • 제44권1호
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    • pp.1-30
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    • 2021
  • 본 연구는 최저임금의 조정이 생산자 물가지수와 주요 외식비에 미치는 영향을 살펴보았다. 최저임금의 효과를 식별하기 위해 산업·지역 간 임금분포의 차이로 인해 최저임금에 영향을 받는 근로자 비율에 차이가 있다는 사실을 이용하였다. 분석 결과, 최저임금 관련 근로자 비율과 생산자 물가지수 및 주요 외식비 간에 유의한 상관관계가 있음을 확인하였다. 구체적으로 최저임금 관련 근로자 비율이 1%p 증가할 때, 생산자 물가지수는 0.77~1.68%, 주요 외식비는 0.16~1.86% 올라가는 경향이 존재한다고 추정되었다. 이는 분석기간 동안 생산자 물가지수 및 주요 외식비의 연평균 상승분 중 각각 0.82~3.01%와 4.45~47.04%가 최저임금 조정과 관련 있음을 의미한다.

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Efficient Operation Policy in a Closed-loop Tire Manufacturing System with EPR

  • Ko, Young-Dae;Hwang, Hark
    • Industrial Engineering and Management Systems
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    • 제8권3호
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    • pp.162-170
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    • 2009
  • This paper deals with a closed-loop remanufacturing system with one manufacturer and one remanufacturer. The manufacturer sells new products bearing the 'Extended Producer Responsibility (EPR).' It is assumed that the manufacturer's collection rate of used products depends only on the buy-back cost, while that of the remanufacturer depends on the minimum allowed quality level of used products in addition to the buy-back cost. Through the development of mathematical models with the objective function of maximizing profit, we study an efficient operation policy of each party. The decision variables are the unit selling price of new products and remanufactured products, the unit buy-back cost of the used products of the manufacturer and remanufacturer, and the minimum allowed quality level. The validity of the model is examined through numerical examples and sensitivity analysis.

헤도닉 가격모형을 이용한 개인컴퓨터의 비시장 속성에 대한 가치추정 (Applying Hedonic Price Model to Analyzing Non-market Characteristic of Personal Computer)

  • 신승식;곽승준;유승훈
    • 기술혁신학회지
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    • 제3권3호
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    • pp.85-101
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    • 2000
  • The purpose of this study is to test whether prices of personal computers reflect their varying degrees of non-marketable characteristics including after-sales service. This purpose is carried out using the hedonic price model. In this paper, we estimated 74 functional forms of hedonic price model using the quadratic Box-Cox transformation function and selected one based on the three criteria: expected signs, the statistical significance of estimated coefficients, and goodness of fit in terms of root-mean-square-percentage-error. In this study, we found hat as the after-sales service level increases the price of the personal computer increases. This result is consistent with the hypothesis that the less after-sales service offered with a personal computer, the less consumers are willing to pay for the personal computer, when all else remain constant. This finding shows that since the market works indirectly to influence pricing, the need to rely on consumer protection legislation to guarantee after-sales service is lessened. This study also found that after-sales service supported by each personal computer producer is not a free service, thus produces have a profit incentive for providing after-sales service.

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광주광역시 아파트 매매가 영향요인 분석 (An Analysis of the Key Factors Affecting Apartment Sales Price in Gwangju, South Korea)

  • 임성연;고창완;정영선
    • 스마트미디어저널
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    • 제11권3호
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    • pp.62-73
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    • 2022
  • 국내 아파트 매매가 예측에 관한 연구는 현재까지 지속적으로 수행되어 왔지만, 아파트 가격은 다양한 특성이 복합적으로 작용하기 때문에 예측하는데 어려움을 겪고 있다. 아파트 매매가를 예측하는데 앞서 정확도를 높이기 위해서는 주요 변수 선정 및 영향요인 분석이 무엇보다 중요하다. 이에 본 연구는 현재 꾸준한 상승률을 보이는 광주광역시를 대상으로 아파트 매매가에 영향을 주는 요인을 분석해보고자 한다. 이를 위해 6년간의 광주광역시 아파트 실거래가와 각종 사회적 요인 데이터를 토대로, 다중회귀분석, 랜덤 포레스트, 심층인공신경망 알고리즘을 적용하여 각 모델에서 주요 영향요인을 파악하였으며, 모델의 성능은 평균 제곱근 오차, 평균 절대 오차 그리고 결정계수를 통해 비교 분석하였다. 본 연구에서는 딥러닝의 일종인 심층인공신경망의 성능이 가장 우수함을 보였고, 매매가에 영향을 미치는 주요 요인으로 건축경과연수, 계약연도, 적용면적, 양도성예금증서, 주택담보대출금리, 선행지수, 생산자물가지수, 동행지수 등이 도출되었다.