• Title/Summary/Keyword: Consumer's demand

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Welfare Consequences of Tradeable Emission Permits in a Product Differentiated Market (상품차별화된 시장에서 배출권거래제도의 후생효과)

  • Park, Sang Ha;Lee, Sang Ho
    • Environmental and Resource Economics Review
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    • v.11 no.3
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    • pp.415-446
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    • 2002
  • Due to its cost effectiveness, tradeable emission permits (TEP) system has been effectively used in the USA and many other advanced countries. But, academic many researchers have been argued that TEP system would not work as an efficient regulatory tools when there are imperfect competition in permits and/or products markets. Sartzetakis (1997), however, show that TEP system can serve as an effective environmental regulation under the certain demand/cost conditions even though duopolistic production market is not competitive. In this paper we extend Sartzetakis's analysis into the differentiated products markets under the same cost conditions, and examine the relative efficiency of TEP system by comparing it with the command and control system. We then show that the main results of Sartzetakis can hold if two differentiated products markets have the symmetric demands. In particular, it is revealed that social welfare will be increased under TEP system even though consumer surplus may be decreased.

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Economic Analysis of the Receiver Pays Principle

  • Kim, Jeong-Yoo;Lim, Yoon-Sung
    • Proceedings of the Korea Technology Innovation Society Conference
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    • 1999.05a
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    • pp.117-149
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    • 1999
  • This paper is to examine the effect of the receiver pays principle (RPP) on the calling price, social welfare and interconnection charge. A significant trouble with introducing this system in telecommunications pricing is the possibility that the receiving party may refuse to receive a call if the charge he has to bear is very high. We find the condition for no calls to be refused and show that the profit maximizing prices charged to the calling party and the receiving party must satisfy this condition. We demonstrate that the calling price under RPP must be lower than the price under the caller pays principle (CPP), that the profit of a firm will be increased under RPP, but that the consumer surplus will not necessarily be increased under RPP despite the lowered calling price. Also, we show that, if the demand function is linear, the reciprocal interconnection charge under RPP is higher than that under CPP.

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Economic Evaluation of New Agro-biotechnology Product Using the Stated Preferences Theory (기술된 선호이론을 통한 농업생명공학 신상품의 경제성 분석연구)

  • Hyun, Byeong-Hwan;Chung, Hyeok;Shin, Hyo-Jung;Yoon, Seok-Gi
    • Journal of Technology Innovation
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    • v.5 no.1
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    • pp.249-265
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    • 1997
  • With current difficulties in Korean agricultural sector, the biotechnology is considered as the most important factor to offset the inferiority in the agriculture. New products by using the biotechnology would be commercialized and consumed by both producers and consumers. Before its production and distribution, researches on new product should be undertaken in many aspects, especially in terms of economic aspects. Main objectives of this study are to measure the economic value of the new product using the agro-biotechnology, here potato microtubers, and to examine whether the stated peferences theory, the Contingent Valuation Method(CVM), could be accepted in the economic analysis for the new biotech product. Through the demand function derived from the consequences of functional relationship relationship, the consumer's surplus was estimated.

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The Prototypal Molds Making for Car Parts using High Speed Machining (고속가공을 이용한 자동차부품 시작 금형 가공)

  • 이종현;이동주;신보성;최두선;이응숙;이득우;김석원
    • Proceedings of the Korean Society of Machine Tool Engineers Conference
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    • 2000.10a
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    • pp.355-360
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    • 2000
  • Recently, to be satisfied the consumer's demand the life cycle and the lead time of product is to be shorted. So it is important to reduce the time and cost in manufacturing prototypal mold. These days, in order to reduce the lead time and cost high speed machining is highlighted. In the paper, using the high speed machining and aluminum-7075, the fundamental experiment is implemented in the change of cutting force, machining time, surface characteristic according to the tool path. And then the prototypal mold of the automatic knob is machined.

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Relative Evaluation to Its Attributes and Positioning Strategies for Environment-Friendly Agricultural Procucts (친환경농산물의 속성별 상대평가 및 포지셔닝 전략)

  • Heo, Seung-Wook
    • Korean Journal of Organic Agriculture
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    • v.12 no.2
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    • pp.153-169
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    • 2004
  • This study attempted to identify relative evaluation to its attributes and improvement of consumer's demand in the Environment-Friendly Agricultural Products(EFAP). To identify the consumption patterns of EFAP, a series of household surveys were conducted for housewives residing in Seoul and its metropolitan area(Bundang and Ilsan). the sample size of the survey is 366 respectively. This study operated relative evaluation of EFAP by Multi-Demential Scales(MDS) about 10 attributes that this study set up. As the result, the consumers recognized that EFAP is "protection of ecosystem", "food safety", "good for growth of children", "high quality", and in case of conventional farming products is "inexpensive price", and "diversity of purchasing items". This trend has significant implications to the structure of EFAP output and how positioning strategies, and approaches should be properly formulated and implemented.

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A Study on the Optimization of Quality Cost for Product Liability (제품책임(製品責任)을 위한 품질비용(品質費用) 최적화(最適化)에 관한 연구(硏究))

  • Go, Bok-Su;Jo, Nam-Ho
    • Journal of Korean Society for Quality Management
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    • v.18 no.1
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    • pp.116-128
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    • 1990
  • Consumer's demand level for products and goods selection power is considerably improved. The pressure of loss compensation is also being accelerated by products which bring damage on property. The producer prevents the loss from causing poor products and considering the quality cost allotment in these circumstances. That is to say, producer should be concerned with the strategy of product liability prevention instead of passive defence policy. This paper intends to estabilish the optimum quality cost in considering product liability, and present the correlation of quality cost elements and multiple regression analysis. It can utilized in qualitycost and budget planning.

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Quality Characteristics of Snack with Added Dongchimi Powder (동치미 분말을 이용한 스낵의 품질 특성)

  • Choi, Jin Joo;Park, Yoo Ri;Chung, Chang-Ho
    • Journal of the East Asian Society of Dietary Life
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    • v.24 no.6
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    • pp.819-826
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    • 2014
  • Consumer's demand for higher dietary fiber and lower fat in processed foods are increasing. This study developed a low fat and high dietary fiber snack using egg whites and dry fermented radish powder obtained from Dongchimi fermentation. Quality characteristics, such as hardness, color, fat content and total dietary fiber, of the developed snack were conducted along with a hedonic test. As the amount of the fermented powder increased in the formulation, water content and snack hardness decreased. Up to 14.5% radish powder was added (or 9.54% dietary fiber; dry weight, w/w) to the formulation, and hedonic test found snack containing 4.8% (w/w) powder showed the highest scores for overall acceptability.

Support continuing cost reduction for large area TFT-LCD manufacturers by unique PVD array solution

  • Koparal, Erkan;Bender, Marcus
    • 한국정보디스플레이학회:학술대회논문집
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    • 2009.10a
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    • pp.1590-1592
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    • 2009
  • The ubiquitous nature of large area TFT-LCD televisions are truly one of the major success stories of consumer electronic products for the $21^{st}$ century. It is the industry's ability to lower prices over the years that have made TFT-LCD television an affordable option for the majority of consumers. TFT-LCD equipment manufacturers have played a major role these cost reduction efforts. Increasing requirements for high process quality like for eg UHD panels need to be met simultaneously with the demand of an highly productive and reliable equipment. AKT provides an excellent PVD product by improving performance and cost of ownership (CoO) for Gen8.5 and beyond.

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A Study on Multi-Period Inventory Clearance Pricing in Consideration of Consumer's Reference Price Effect

  • Koide, Takeshi;Sandoh, Hiroaki
    • Industrial Engineering and Management Systems
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    • v.12 no.2
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    • pp.95-102
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    • 2013
  • It is difficult to determine an appropriate discount price for daily perishable products to increase profit from a long-term standpoint. Even if the discount pricing is efficient to increase profit of the day, consumers memorize the sales price and they might hesitate to purchase the product at a regular price the following day. The authors discussed the inventory clearance pricing for a single period in our previous study by constructing a mathematical model to derive an optimal sales price to maximize the expected profit by considering the reference price effect of demand. This paper extends the discussion to handle the discount pricing for multiple periods. A mathematical analysis is first conducted to reveal the properties on an objective function, which is the present value of total expected profits for multiple periods. An algorithm is then proposed to derive an optimal price for asymmetric consumers. Numerical experiments investigate the characteristics of the objective function and optimal pricings.

A Study on Major Curriculum Based on Individual's Capacities-Focused on Physical Therapy Department in U University

  • Myoung-Hee Lee
    • The Journal of Korean Physical Therapy
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    • v.36 no.1
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    • pp.45-51
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    • 2024
  • Purpose: Since core competence-based training is in demand, this study aimed to develop a suitable talent model and major competencies for the Department of Physical Therapy at U University and use it to propose appropriate educational subjects. Methods: This case study was conducted at U university in Gyeongju-si, Gyeongsangbuk-do. To study curricula based on major competence, related documents were analyzed, expert opinions were obtained, and a consumer survey was conducted. Results: U University assigns major competencies for each department, develops subjects accordingly, maps them, and constructs a competency matrix. The four major competencies of physical therapy were defined as musculoskeletal system, nervous system, cardiorespiratory system and sports injury, and physical management abilities. In order to realize these major competencies, U University added subjects to its curriculum. Conclusion: The results of internal and external environmental analysis should be more actively considered to enable changes in subjects at the departmental level. In addition, the setting of major competencies should be subjected to more detailed, specific reviews to maintain the basic principles of major curricula.