• Title/Summary/Keyword: Hotelling Model

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Discriminating Bidders Can Improve Efficiency in Auction (주파수경매의 효율성 향상방안 : 배분적 외부성이 존재하는 경우를 중심으로)

  • Yang, Yong Hyeon
    • KDI Journal of Economic Policy
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    • v.36 no.4
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    • pp.1-32
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    • 2014
  • Auction is widely used in allocation and procurement of resources due to its desirable properties: efficiency and revenue maximization. It is well-known, however, that auction may fail to achieve efficiency when allocative externalities exist. Such a result may happen in the auction of the resources that are very scarce, for example, radio spectrum. This is because allocation of the resources has effects on competition of the firms in the aftermarket, and thus a firm that utilizes the resources less efficiently may make a higher bid to lessen competition. This paper shows first that efficient allocation may not be achieved by auction even when the number of bidders is 2, while it is shown in the literature that auction may result in inefficient allocation when the number of bidders is greater than or equal to 3. There exist 2 firms, who make a bid to win the scarce resources that increase the value or decrease the production cost of their own product. After the auction ends, the firms engage in Bertrand competition on the Hotelling line. Inefficient allocation may happen even under the second-price auction rule, and it happens only when the firms are different in the initial value or the initial cost of their products as well as in the value of the auctioned resources. The firm who has been the leader loses a large portion of the market if it fails to win the auction, and thus makes a high bid even when the other firm can use the resources more efficiently. Allocative efficiency Pareto improves when the smaller firm's bid counts more than the leader's bid. This paper suggests a modified rule that the smaller firm wins the auction when its bid multiplied by some constant is greater than the leader's bid. The multiplier can be calculated from the market shares. It is equal to 1 when the two firms are the same, and is increasing in the leader's market share. Allocation is efficient in a strictly larger set of parameters under the modified rule than under the standard second-price auction rule.

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Performance Modeling of STTC-based Dual Virtual Cell System under the Overlay Convergent Networks of Cognitive Networking (중첩 융합 네트워크 환경을 고려한 STTC기반 이중 셀 시스템 분석 모델)

  • Choi, YuMi;Kim, Jeong-Ho
    • Journal of the Institute of Electronics and Information Engineers
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    • v.49 no.12
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    • pp.20-26
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    • 2012
  • The newly introduced model of a STTC-based Distributed Wireless Communication System (DWCS) can provide the capability of joint control of the signals at multiple cells. This paper has considered the virtual cell systems: the Dual Virtual Cell (DVC), and also proposes DVC employment strategy based on DWCS network. The considered system constructs DVC by using antenna selection method. Also, for multi-user high-rate data transmission, the proposed system introduces multiple antenna technology to get a spatial and temporal diversity gain and exploits space-time trellis codes known as STTC to increase a spectral efficiency.

Facial Feature Extraction for Face Expression Recognition (얼굴 표정인식을 위한 얼굴요소 추출)

  • 이경희;고재필;변혜란;이일병;정찬섭
    • Science of Emotion and Sensibility
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    • v.1 no.1
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    • pp.33-40
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    • 1998
  • 본 논문은 얼굴인식 분야에 있어서 필수 과정인 얼굴 및 얼굴의 주요소인 눈과 입의 추출에 관한 방법을 제시한다. 얼굴 영역 추출은 복잡한 배경하에서 움직임 정보나 색상정보를 사용하지 않고 통계적인 모델에 기반한 일종의 형찬정합 방법을 사용하였다. 통계적인 모델은 입력된 얼굴 영상들의 Hotelling변환 과정에서 생성되는 고유 얼굴로, 복잡한 얼굴 영상을 몇 개의 주성분 갑으로 나타낼 수 있게 한다. 얼굴의 크기, 영상의 명암, 얼굴의 위치에 무관하게 얼굴을 추출하기 위해서, 단계적인 크기를 가지는 탐색 윈도우를 이용하여 영상을 검색하고 영상 강화 기법을 적용한 후, 영상을 고유얼굴 공간으로 투영하고 복원하는 과정을 통해 얼굴을 추출한다. 얼굴 요소의 추출은 각 요소별 특성을 고려한 엣지 추출과 이진화에 따른 프로젝션 히스토그램 분석에 의하여 눈과 입의 경계영역을 추출한다. 얼굴 영상에 관련된 윤곽선 추출에 관한 기존의 연구에서 주로 기하학적인 모양을 갖는 눈과 입의 경우에는 주로 가변 템플릿(Deformable Template)방법을 사용하여 특징을 추출하고, 비교적 다양한 모양을 갖는 눈썹, 얼굴 윤곽선 추출에는 스네이크(Snakes: Active Contour Model)를 이용하는 연구들이 이루어지고 있는데, 본 논문에서는 이러한 기존의 연구와는 달리 스네이크를 이용하여 적절한 파라미터의 선택과 에너지함수를 정의하여 눈과 입의 윤곽선 추출을 실험하였다. 복잡한 배경하에서 얼굴 영역의 추출, 추출된 얼굴 영역에서 눈과 입의 영역 추출 및 윤곽선 추출이 비교적 좋은 결과를 보이고 있다.

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Study on Mobile Terminal Distribution Act: Effects of Subsidy Regulations (단말기 유통법에 관한 연구: 보조금 규제의 영향)

  • Yao, Xue-Ting;Kwak, Juwon
    • Journal of Distribution Science
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    • v.15 no.12
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    • pp.53-60
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    • 2017
  • Purpose - This paper analyzes the effect of the handset subsidy and the Mobile Number Portability subscriber subsidy regulation, which are the main regulation adopted in "Law on the Improvement of the Mobile Terminal Distribution System" (Mobile Terminal Distribution Act), on the social surplus, the consumer surplus and profits of telecommunications carriers. We focus our analysis on whether the service charge competition is stimulated enough so that it can compensate for the loss of subsidies. Research design, data, and methodology - We use simple economic model to assess the impact of the handset subsidy and the Mobile Number Portability subscriber subsidy regulation. Unlike the former researches on this topic, we depart from using Hotelling model, and instead use the switching cost model, which uses switching cost as a parameter of market powers of telecommunications carriers. We also study the effect of the two different regulations when they are adopted both independently and concurrently. Results - If the market powers of telecommunications carriers are over certain threshold, contrary to the regulatory agency's assertion, the service charge competition would not be stimulated enough to compensate for the deduction in the subsidies, and thus the consumer surplus is compromised. Number Portability subsidy, especially, undermines the rival's market power and thus reduces the service charge. On the other hand, the regulations will also increase the profits of telecommunications carriers. However, social surplus is maximized when both of the regulations are present because the regulations reduces the frequency of switching handsets inefficiently. Conclusions - In enacting the Mobile Terminal Distribution Act, the telecommunications regulatory agency asserted that the regulation on subsidies will stimulate service charge competition, and in the long run, enhance the consumer surplus. However, contrary to the regulatory agency's assertion, subsidy regulation, especially the regulation on Number Portability subsidy, reduces consumer surplus. On the other hand, the Mobile Terminal Distribution Act can also increase the profits of telecommunications carriers because it decreases competition among the telecommunications carriers. However, the Mobile Terminal Distribution Act can increase the social surplus because it reduces inefficient switching of handsets.

Fault Detection in LDPE Process using Machine Learning Techniques (머신러닝 기법을 활용한 LDPE 공정의 이상 감지)

  • Lee, Changsong;Lee, Kyu-Hwang;Lee, Hokyung
    • Korean Chemical Engineering Research
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    • v.58 no.2
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    • pp.224-229
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    • 2020
  • We propose a machine learning-based method for proactively detecting faults in LDPE processes and predicting equipment lifespan. It is important to detect and prevent unexpected faults in chemical processes in order to maximize safety and productivity. Since LDPE process is a high-pressure process up to 3,000 kg/㎠g or more, once ESD occurs, it can result in productivity loss due to increased maintenance periods. By collecting key variables operation data of the process and using unsupervised machine leaning methods, we developed a fault detection model which detected 4 ESDs 2.4 days prior to the occurrence. In addition, it was confirmed that the life expectancy of a hyper compressor can be predicted by using the physically significant key variables.

Analyzing Time in Port and Greenhouse Gas Emissions of Vessels using Duration Model (생존분석모형을 이용한 선박의 재항시간 및 온실가스 배출량 분석)

  • Shin, Kangwon;Cheong, Jang-Pyo
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.30 no.4D
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    • pp.323-330
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    • 2010
  • The time in port for vessels is one of the important factors for analyzing the operation status and the capacity of ports. In addition, the time in port for vessels can be directly used for estimating the greenhouse gas emissions resulted from vessels in port. However, it is unclear which variables can affect the time in port for vessels and what the marginal effect of each variable is. With these challenges in mind, the study analyzes the time in port for vessels arriving and departing port of Busan by using a parametric survival model. The results show that the log-logistic accelerated failure time model is appropriate to explain the time in port for 19,167 vessels arriving and departing port of Busan in 2008, in which the time in port is significantly affected by gross tonnage of vessels, service capacity of terminal, and vessel type. This study also shows that the greenhouse gas emission resulted from full-container vessels, which accounted for about 61% of all vessels with loading/unloading purpose arriving and departing port of Busan in 2008, is about "17 ton/vessel" in the boundary of port of Busan. However, the hotelling greenhouse gas emissions resulted from non-container vessels (3,774 vessels; 20%) are greater than those from the full-container vessels. Hence, it is necessary to take into account more efficient port management polices and technologies to reduce the service time of non-container vessels in port of Busan.