• Title/Summary/Keyword: transaction cost

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A Study on Analysis of Information on Technology Valuation for Technology Licensing (기술 라이센싱과 기술가치 평가정보 분석기법 연구)

  • Park, Hyun-Woo
    • Journal of Information Management
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    • v.32 no.2
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    • pp.54-71
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    • 2001
  • This paper analyzes the role of technology valuation in licensing, a commonly used type of transaction of technology, and reviews methods to analyze information on technology valuation for technology licensing. It contemplates the concepts, types and practical application of cost-based valuation, market-based valuation, discounted cash flow, and economic analysis. It shows that each method considers how to share profits associated with technology between licensor and licensee in a fair and reasonable manner when we apply any method to technology licensing.

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Real Weather Condition Based Simulation of Stand-Alone Wind Power Generation Systems Using RTDS

  • Park, Min-Won;Han, Sang-Geun;Yu, In-Keun
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.4B no.3
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    • pp.146-152
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    • 2004
  • Cost effective simulation schemes for Wind Power Generation Systems (WPGS) considering wind turbine types, generators and load capacities have been strongly investigated by researchers. As an alternative, a true weather condition based simulation method using a real-time digital simulator (RTDS) is experimented in this paper for the online real-time simulation of the WPGS. A stand-alone WPGS is, especially, simulated using the Simulation method for WPGS using Real Weather conditions (SWRW) in this work. The characteristic equation of a wind turbine is implemented in the RTDS and a RTDS model component that can be used to represent any type of wind turbine in the simulations is also established. The actual data related to weather conditions are interfaced directly to the RTDS for the purpose of online real-time simulation of the stand-alone WPGS. The outcomes of the simulation demonstrate the effectiveness of the proposed simulation scheme. The results also signify that the cost effective verification of efficiency and stability for the WPGS is possible by the proposed real-time simulation method.

The Impact of Energy Crisis and Political Instability on Outsourcing: An Analysis of the Textile Industry of Pakistan

  • ARSLAN, Aniqa;QAYYUM, Arslan;AYUBI, Sharique;KHAN, Sohail Ahmed;ASAD ULLAH, Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.235-243
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    • 2022
  • To help the industry, outsourcing was found to be the most efficient method. An extensive literature analysis was done to assess the macroeconomic factors associated with outsourcing to supplement the anxious parties' decision-making process with evidence-based comprehensive tools. As a theoretical framework for evaluating these issues, transaction cost economies and resource-based perspective theories are investigated. Outsourcing is proven to be a result of energy crises and political instability. The advantages of outsourcing assist major industries in the economy. To discover the key drivers behind outsourcing, we used the vector autoregressive (VAR model) and step-wise regression techniques for the period 1992 to 2016. This research adds to the literature in that it not only explains the energy issue but also discusses the dilemma of political instability in the country in the context of outsourcing. The findings indicate that labor cost and export tendency have a positive impact on outsourcing strategy, which confirms the study's third and fourth hypotheses. Customs tax, inflation, and the unemployment rate, on the other hand, have a negative impact on textile outsourcing in Pakistan, according to the study's fifth, sixth, and seventh hypotheses.

A Novel Simulation Scheme for Grid Connected Photovoltaic Generation Systems

  • Park, Monwon;Kim, Bong-Tae;Yu, In-Keun
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.11B no.4
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    • pp.169-174
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    • 2001
  • A novel simulation scheme of transient phenomenon for the photovoltaic (PV) generation system under the real weather conditions has been proposed in this paper. A grid connected PV array is simulated using PSCAD/EMTDC. The transient changes of the output current of PV array under the real weather conditions is described and the output current of DC/AC converter flowing through the utility power network is also analyzed with the PWM switching width. Moreover, the MPPT control of PV generation system is combined to the system during the simulation for the comparison purposes of the control schemes. The outcome of the simulation demonstrates the effectiveness of the proposed simulation scheme. The result shows that the cost effective verifying for the efficiency or availability and stability of PV generation systems and the comparison research of various control schemes like MPPT under the same real whether conditions are eventually possible.

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Hybrid Excitation Control of SRM Drive for Reduction of Vibration and Acoustic Noise

  • Lee, Dong-Hee;Lee, Sang-Hun;Ahn, Jin-Woo;Park, Sung-Jun
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.11B no.4
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    • pp.151-155
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    • 2001
  • The simple motor construction and low cost, fault tolerant power electronic drive has made the switched reluctance drive a strong contender for many applications. But the switched reluctance drive does exhibit higher levels of vibration and acoustic noise than that of most competing drives. The main source of vibration in the switched reluctance drive is generated by rapid change of radial magnetic force when phase current is extinguished during commutation action. In this paper, a hybrid excitation method is proposed to reduce vibration and acoustic noise of the switched reluctance drive. The hybrid excitation has 2-phase excitation by long dwell angle as well as conventional 1-phase excitation. The vibration and acoustic noise are reduced because the scheme reduces abrupt change of excitation level by distributed and balanced excitation.

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Unity Power Factor Control of SRM Drive

  • Park, Sung-Jun;Lee, Dong-Hee;Ahn, Jin-Woo;Kim, Cheul-U
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.11B no.4
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    • pp.193-199
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    • 2001
  • This paper suggests a novel single-stage drive for a switched reluctance motor (SRM) to achieve sinusoidal, near unity power factor input currents. The proposed drive is very simple without additional active switch. As a single-stage approach, which combines a DC link capacitor used as dc source and a drive used for driving the motor into one power stage, a simple structure and low cost drive in implemented. A prototype drive for an 8/6 pole SRM equipping a suitable encoder is designed to evaluate the proposed topology. Also subscription control algorithm is presented. The characteristics and validity of the proposed circuit will be discussed in depth through the experimental results.

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Application of Permanent Magnet Synchronous Machines in Automotive Steering Systems

  • Sebastian Tomy;Islam Mohammad S.;Mir Sayeed
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.5B no.2
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    • pp.111-117
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    • 2005
  • Several of the conventional hydraulic systems in an automobile are now being replaced by more reliable and energy efficient electromechanical systems. Developments in the brushless permanent magnet machine and in the power and control electronics are the key factors responsible for this transformation. These applications brought out some performance challenges associated with the brushless machines. This paper will focus on these challenges to be able to use these machines in such applications. In terms of replacing hydraulic systems with electromechanical systems, steering system is leading the way in automobiles. Currently, steering systems using Electro-hydraulically assisted systems and Electrically assisted (Electromechanical) systems are in the market. Though the Electrically assisted power steering has several advantages over other systems, certain performance and cost challenges delayed the penetration of such systems in to the market.

Series Compensated Step-down AC Voltage Regulator using AC Chopper with Transformer

  • Ryoo, H.J.;Kim, J.S.;Rim, G.H.
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.5B no.3
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    • pp.277-282
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    • 2005
  • This paper describes a step-down AC voltage regulator using an AC chopper and auxiliary transformer, which is a series connected to the main input. The detail design of the AC regulator, logic and PWM pattern of the AC chopper is described and the three-phase AC regulator using two single­phase AC choppers with a three transformer configuration is proposed for three-phase application. The proposed three-phase system has the advantages of lower system cost due to reduced switch number and gate driver circuit as well as advantages of decreased size and weight because it uses a series compensated scheme. The proposed AC regulator has many benefits such as fast voltage control, high efficiency and simple control logic. Experimental results indicate that it can be used as a step-down AC voltage regulator for power saving purposes very efficiently.

A Study on Electronic Commercial Disputes settlement system through on-line ADR (온라인 ADR을 통한 전자상거래 분쟁해결제도에 관한 연구)

  • Kim, Sang-Chan;Lee, Choong-Eun
    • Journal of Arbitration Studies
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    • v.20 no.1
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    • pp.67-85
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    • 2010
  • On-line ADR is to use means of settling disputes online to settle disputes happened on-line or off-line. It gave important opportunity for engaging in a commercial transaction to small group or individual. If it uses judiciary proceeding, it will cost too much, complicate and take considerable time. So, because of these reasons, OECD even encourage on-line ADR as a mean for relieving consumer's damage actively on e-commerce. Korea is also trying to introduce on-line ADR partially or completely in Korea Consumer Agency, The National IT Industry Promotion Agency, The Korean Commercial Arbitration Board. However, Korea's on-line ADR is more insufficient than advanced country's. Nevertheless, because on-line needs to introduce, this study suggests the problem and plan centering the type and the present condition of on-line ADR.

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Empirical Analysis on Product Based Differentiation Strategies in B2C industry (제품 특성과 B2C 차별화 전략의 실증 분석)

  • Joung, Seok-In;Park, Woo-Sung;Han, Hyun-Soo
    • 한국경영정보학회:학술대회논문집
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    • 2007.11a
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    • pp.527-532
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    • 2007
  • Differentiation strategies have been suggested as the critical sources of competitive advantage in B2C industry where customers can switch internet shopping mall with one click with virtually no transaction cost. Indeed, competition on low pricing cannot be a viable strategy in B2C industry. Moreover, cultivating customer loyalty to attain profitability is still a challenging task for most internet shopping mall. In this study, we provide empirical analysis results on key managerial variables that indicate the difference between the product categories in terms of customer perception on relative value importance. We first identified comprehensive managerial variables and organized them in terms of customer decision stage. Next, with reference to extant literatures on product characteristics based e-commerce strategy, hypotheses are developed to formalize the customer value differences on the key managerial variables. Empirical testing results indicated that there are significant differences on customer perceived value of the key managerial variables between the product groups. The findings provide useful insight for further study on e-commerce differentiation strategy.

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