• Title/Summary/Keyword: Competitive Method

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Estimation Method of the Competitive Bid-price in Bid-rigging of Public Construction (기댓값 분석에 따른 공공공사 입찰담합의 가상경쟁가격 산정방법)

  • Jeong, Kichang;Kim, Wooram;Kim, Namjoon;Lee, Jaeseob
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.3
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    • pp.52-60
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    • 2018
  • Korea's public construction projects are under construction through bidding, however, due to the nature of the bidding, collusion between participants can occur. The collusion of bids accordingly damages the client. So, it is necessary to calculate the appropriate fictitious competition price to compensate for this. In this regard, econometrics methods are generally used, but there are limitations and issues arising from the nature of construction, especially design-build bid. Therefore, this study proposes a method to estimate reasonable competitive bid-price in design-build bid. It derives the lowest bid-price from the design submitted by the proponent and estimates the competitive bid-price by examining the factors according to the penetration rate according to the technical level of the tester, the skill level of the competitor, and the type of tester. Based on the method proposed in this study, a reasonable price can be derived that reflects the characteristics of the design and construction bidding bidder selection method and also it can be used as a reference material in the actual bidding process as well as calculating the damage due to the answer.

Comparing Solution Methods for a Basic RBC Model

  • Joo, Semin
    • Management Science and Financial Engineering
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    • v.21 no.2
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    • pp.25-30
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    • 2015
  • This short article compares different solution methods for a basic RBC model (Hansen, 1985). We solve and simulate the model using two main algorithms: the methods of perturbation and projection, respectively. One novelty is that we offer a type of the hybrid method: we compute easily a second-order approximation to decision rules and use that approximation as an initial guess for finding Chebyshev polynomials. We also find that the second-order perturbation method is most competitive in terms of accuracy for standard RBC model.

ISO Coordination of Generator Maintenance Scheduling in Competitive Electricity Markets using Simulated Annealing

  • Han, Seok-Man;Chung, Koo-Hyung;Kim, Balho-H.
    • Journal of Electrical Engineering and Technology
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    • v.6 no.4
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    • pp.431-438
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    • 2011
  • To ensure that equipment outages do not directly impact the reliability of the ISO-controlled grid, market participants request permission and receive approval for planned outages from the independent system operator (ISO) in competitive electricity markets. In the face of major generation outages, the ISO will make a critical decision as regards the scheduling of the essential maintenance for myriads of generating units over a fixed planning horizon in accordance with security and adequacy assessments. Mainly, we are concerned with a fundamental framework for ISO's maintenance coordination in order to determine precedence of conflicting outages. Simulated annealing, a powerful, general-purpose optimization methodology suitable for real combinatorial search problems, is used. Generally, the ISO will put forward its best effort to adjust individual generator maintenance schedules according to the time preferences of each power generator (GENCO) by taking advantage of several factors such as installed capacity and relative weightings assigned to the GENCOs. Thus, computer testing on a four-GENCO model is conducted to demonstrate the effectiveness of the proposed method and the applicability of the solution scheme to large-scale maintenance scheduling coordination problems.

Kinematic Analysis of the Linking Motion from the Swallow Skill to the Nakayama Skill on the Rings (링의 스왈로에서 나까야마 기술로의 연결 동작에 대한 운동학적 분석)

  • Chung, Nam-Ju
    • Korean Journal of Applied Biomechanics
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    • v.14 no.2
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    • pp.1-14
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    • 2004
  • This study was intended to contribute to allowing athletes to raise a technical understanding of two motions of high difficulty such as the Swallow motion and the Nakayama motion and enhance their competitive power by analysing the kinematical factors required to link those two motions on the competitive scene on the rings for current national athletes. For this purpose, the game of the ring event was videotaped for male heavy gymnasts participating in the final elimination match of the 2004 Athens Olympic Games. This study attempted to select the performing motions of the final 1st-and 2nd-place athletes performing the linking motions from the Swallow motion and the Nakayama motion using the DLT(direct linear transformation) method. As a result, it arrived at the following conclusion : A1 properly performed the flexing and extending movements using the angular velocity of the segment and joint as the switching motion using the body at the time of linking the motion from the Swallow skill to the Nakayama skill. A2 was evaluated to perform the skill taking the form of depending on the force at the static state. Therefore, it is thought that A1 should take care of shaking at the time of using the elasticity of the body. It is thought that in case of A2 the proper use of the elasticity of the body take care of shaking at the switching motion while taking advantage of the force will contribute to his competitive power.

Sustainable Competitive Advantages for Regional Development: An Exploratory Study of the China (Anhui) Pilot Free Trade Zone

  • LEE, Jung Wan
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.17-26
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    • 2022
  • This paper analyzes the comparative advantages and development prospects of the China (Anhui) Pilot Free Trade Zone. Based on a SWOT analysis method, this study finds that the Anhui Pilot Free Trade Zone has a set of comparative advantages, including location advantage, rich resources, industrial transformation and new industries, technological innovation capabilities, new patterns for development, and policy support. In recent years, by leveraging its key resources, Anhui Province has been committed to developing an open economy. Furthermore, its economic vitality has increased significantly under preferential policies such as the Belt and Road Initiative, the China-Europe International Freight Shuttle, and the Yangtze River Economic Belt Development Plan. As a result, the total foreign trade has continued to grow. The findings of this study highlight that the comparative advantages are of great significance to the development of the Anhui Pilot Free Trade Zone, which helped expand the scope and openness of the regional economy and foreign investment. However, to achieve the development objectives of the Anhui Pilot Free Trade Zone as planned, these comparative advantages must be developed and converted into a set of sustainable competitive advantages for the regional economy. Therefore, a few development suggestions are put forward.

A Study on Selection Attributes of Dessert Cafes: Focusing on Literature Research

  • Gyu-ri, KIM;Seong-Soo, CHA
    • The Korean Journal of Food & Health Convergence
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    • v.9 no.1
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    • pp.11-18
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    • 2023
  • This study aims to examine the relationship between customer satisfaction and revisit intention according to the selected attributes of dessert cafes in Korea. Additionally, we would like to provide useful data to maintain a continuous competitive advantage by comprehensively reviewing the effective operation of dessert cafes and strategic plans and methods to identify customer needs in the rapidly spreading competitive environment of the domestic dessert restaurant industry in Korea. A qualitative analysis method was applied through a literature review on satisfaction and revisit according to the selected attributes of dessert cafes, and data using theoretical backgrounds obtained through web searches and existing cases. As a result, dessert quality and convenience showed inconsistent results, and coffee quality was found to have a statistically significant positive (+) effect in various data. Moreover, various attributes such as service, image, price, diversity, and service had a significantly positive (+) effect, and satisfaction with dessert cafes also had a significantly positive (+) effect on revisit intention. In conclusion, dessert cafe managers should develop various desires that reflect consumers' tastes and are competitive so that customers can revisit dessert cafes, which requires more in-depth analysis by obtaining a more systematic sample group in the future.

Structural damage detection based on residual force vector and imperialist competitive algorithm

  • Ding, Z.H.;Yao, R.Z.;Huang, J.L.;Huang, M.;Lu, Z.R.
    • Structural Engineering and Mechanics
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    • v.62 no.6
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    • pp.709-717
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    • 2017
  • This paper develops a two-stage method for structural damage identification by using modal data. First, the Residual Force Vector (RFV) is introduced to detect any potentially damaged elements of structures. Second, data of the frequency domain are used to build up the objective function, and then the Imperialist Competitive Algorithm (ICA) is utilized to estimate damaged extents. ICA is a heuristic algorithm with simple structure, which is easy to be implemented and it is effective to deal with high-dimension nonlinear optimization problem. The advantages of this present method are: (1) Calculation complexity can be decreased greatly after eliminating many intact elements in the first step. (2) Robustness, ICA ensures the robustness of the proposed method. Various damaged cases and different structures are investigated in numerical simulations. From these results, anyone can point out that the present algorithm is effective and robust for structural damage identification and is also better than many other heuristic algorithms.

Optimal Gabor Filters for Steganalysis of Content-Adaptive JPEG Steganography

  • Song, Xiaofeng;Liu, Fenlin;Chen, Liju;Yang, Chunfang;Luo, Xiangyang
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.11 no.1
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    • pp.552-569
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    • 2017
  • The existing steganalysis method based on 2D Gabor filters can achieve a competitive detection performance for content-adaptive JPEG steganography. However, the feature dimensionality is still high and the time-consuming of feature extraction is relatively large because the optimal selection is not performed for 2D Gabor filters. To solve this problem, a new steganalysis method is proposed for content-adaptive JPEG steganography by selecting the optimal 2D Gabor filters. For the proposed method, the 2D Gabor filters with different parameter settings are generated first. Then, the feature is extracted by each 2D Gabor filter and the corresponding detection accuracy is used as the measure for filter selection. Next, some 2D Gabor filters are selected by a greedy strategy and the steganalysis feature is extracted by the selected filters. Last, the ensemble classifier is used to assemble the proposed steganalysis feature as well as the final steganalyzer. The experimental results show that the steganalysis feature extracted by the selected optimal 2D Gabor filters also can achieve a competitive detection performance while the feature dimensionality is reduced greatly.

The Information Exchange Program To Improve the Productivity Different Section Of Automobile Parts Industries (자동차 부품업체의 생산성 향상을 위한 이업종 교류회에 관한 연구)

  • 김수홍;강창욱
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.21 no.47
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    • pp.267-275
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    • 1998
  • As social and economic environments rapidly change, all enterprises are struggling for the 21C. K company, a motor company, is building a new production system by one way of paradigm shift to get the competitive power in the market. This system includes concepts of the thinking shift from maker's view to consumers' view when it makes cars. Simultaneously, K company has been applying another new method 'Interchanges of Different Section of Industry' to make more competitive vendors since 1996. The old method, used until 1995, had worked well and gained lots of effects during the reform activities. But after the technical supervisors from K company had left almost everything went back to the starting point in the vendor company. The major causes of this phenomenon are that there were no ‘structure’ to maintain the reforming activities. We have confirmed that ‘Interchanges of Different Section of Industry’ is a good way to let this ‘structure’ exist continuously. After we compared and analyzed merits or demerits of this system through the experience of applying it to a vendor C, we have suggested more progressive method by strengthening the merits and removing the demerits.

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IT Investment and Financial Performance Volatility: The Moderating Role of Industry Environment and IT Strategy Emphasis

  • Wahyu Agus Winarno;Slamin
    • Asia pacific journal of information systems
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    • v.32 no.4
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    • pp.707-727
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    • 2022
  • Industrial revolution 4.0 makes business competition more challenging and will impact the instability of the company's financial performance. Dynamic environmental conditions make it difficult for companies to make predictions in making decisions. Investing in information technology (IT) is one way for companies to maintain financial stability and competitive advantage in dynamic competition. Resource-Based Theory (RBT) explains that information technology (IT) is a resource that can create a competitive advantage for the company. This study aims to examine the moderating role of dynamic industrial environments and IT strategic emphasis on the relationship between a lag effect of IT investment and firm's financial performance volatility. Using the data of companies listed on the Indonesia Stock Exchange (IDX) for five years starting from 2013-2017, the method used to estimate the research model's parameters is the generalized method of moments (GMM) approach. The results show that the industrial environment and the emphasis on IT strategy have a role in moderating and strengthening the relationship between the time lag in IT investment in reducing the firm's financial performance volatility.