• 유통과학연구
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• 제18권6호
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• pp.63-75
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• 2020

Purpose: This study examines the motivations that prompt customers to use commercial sharing services (CSSs), and the relationship between anti-consumption and the perceived utility of CSSs in the fashion-sharing business. This study tries to understand how the two types of anti-consumption can differentially affect consumers' perceived utility to use CSSs. In particular, as the types of CSS have diversified and many consumers have used them, it can be expected that the influence of anti-consumption on the perceived utility of CSSs can change, depending on the field where the CSS is applied. Research design, data and methodology: The structural equation modeling (SEM) with the SPSS 22.0 and AMOS 18.0 programs was used. Results: This study found that (i) two types of anti-consumption (voluntary and selective) differentially affect the perceived utilities to use CSSs; (ii) the two types of anti-consumption differentially affect the perceived utility to use CSSs depending on the level of the brand. Conclusions: In order to promote the spread of consumers' use in the sharing economy, it will be possible to identify what important utility is and make a meaningful contribution to the establishment of future marketing strategies.

• Journal of applied mathematics & informatics
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• 제39권1_2호
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• pp.215-222
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• 2021

We explore an optimal consumption/portfolio and retirement problem with a CARA utility function of consumption. The relevant Bellman equation for the value function is transformed into a linear equation and the optimal strategies are obtained explicitly.

• Journal of applied mathematics & informatics
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• 제36권3_4호
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• pp.301-306
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• 2018

I obtain the optimal portfolio and consumption strategies of an investor who have a Cobb-Douglas utility function. And I assume that there is negative wealth constraints. This constraints mean that the investor can borrow partially against her future labor income.

• East Asian mathematical journal
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• 제34권3호
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• pp.331-338
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• 2018

We investigate the optimal consumption and portfolio strategies of an agent who has a constant elasticity of substitution (CES) utility function under the negative wealth constraint. We use the martingale method to derive the closed-form solution, and we give some numerical implications.

• East Asian mathematical journal
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• 제36권1호
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• pp.91-99
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• 2020

This paper obtains an explicit expression for a debtor's consumption, porfolio and time for filing for bankruptcy when the debtor is subject to upper bound on consumption rate. The utility of consumption is CRRA type and the dynamic programming principle is applied.

• 충청수학회지
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• 제26권1호
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• pp.85-90
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• 2013

We use the dynamic programming method to investigate the optimal consumption and investment problem with regime-switching. We derive the optimal solutions in closed-form with constant absolute risk aversion (CARA) utility.

• 경영과학
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• 제33권1호
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• pp.77-87
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• 2016

I study optimal consumption and investment choices of an infinitely-lived economic agent with a general time-separable von Neumann-Morgenstern utility under general borrowing constraints against future labor income. An explicit solution is provided by the dynamic programming method. It is shown that the optimal consumption and risky investment decrease as the borrowing constraints become stronger.

• 대한수학회보
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• 제60권4호
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• pp.1101-1129
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• 2023

In this study we propose a model of optimal retirement, consumption and portfolio choice of an individual agent, which encompasses a large class of the models in the literature, and provide a methodology to solve the model. Different from the traditional approach, we consider the problems before and after retirement simultaneously and identify the difference in the dual value functions as the utility value of lifetime labor. The utility value has an option nature, namely, it is the maximized value of choosing the retirement time optimally and we discover it by solving a variational inequality. Then, we discover the dual value functions by using the utility value. We discover the value function and optimal policies by establishing a duality between the value function and the dual value function. The model and approach offer a significant advantage for computation of optimal policies for a large class of problems.

• 충청수학회지
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• 제27권2호
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• pp.219-225
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• 2014

I use the dynamic programming approach to study the optimal consumption and investment problem with regime-switching and constant labor income. I derive the optimal solutions in closed-form with constant absolute risk aversion (CARA) utility and constant disutility.

• 정보처리학회논문지D
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• 제15D권3호
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• pp.421-428
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• 2008

협업여과 기법은 추천 시스템에서 널리 사용되는 기술이지만, 소비자의 참조그룹을 선정하는 방법에 따라 추천의 정확도가 달라지는 특성을 가지고 있다. 이에 본 논문에서는 콘텐츠 추천의 정확도를 높이기 위하여 소비자의 감성과 소비유형을 참조그룹으로 하여 협업여과기반으로 콘텐츠를 추천하는 기법을 제안한다. 소비자의 감성을 기쁨, 슬픔, 혐오, 행복, 이완 다섯 가지로 구분하고, 소비유형을 저실용/저쾌락, 저실용/고쾌락, 고실용/저쾌락, 고실용/고쾌락 네 가지로 구분하여 콘텐츠 추천 기법의 성능을 분석한 결과, 본 논문에서 제안하는 기법으로 콘텐츠를 추천한 경우가 소비자 감성과 소비유형을 고려하지 않은 전체 참조그룹으로 추천한 경우보다 정확도가 향상됨을 확인하였다.