• Title/Summary/Keyword: Price Adjustment

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토마토의 유통단계 간 인과성 및 비대칭적 가격 조정 연구 (Causality and Asymmetric Price Transmission in the Distribution Channel of the Tomato Market in Korea)

  • 김기환;강창수
    • 한국유기농업학회지
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    • 제26권4호
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    • pp.571-583
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    • 2018
  • The purpose of this study is to explore the dynamic properties of causality and asymmetric price transmission in the distributional channel of the tomato market in Korea. Using the wholesale and retail price series of the tomato market, we obtain the following results. First, the price transmission mechanism reveals the causal relationship channeling from the wholesale price to the retail price. Second, we find an asymmetric price transmission from the analysis using the threshold partial adjustment model. The retail price responds strongly when the wholesale price increases. On the other hand, the retail price shows sluggish adjustment when the wholesale price decreases.

An Exploratory Study on the Effect of Price as an Anchor on Willingness-to-pay: Anchoring-and-adjustment or Selective Accessibility

  • Song, Jae-Do
    • Asia Marketing Journal
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    • 제18권4호
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    • pp.27-49
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    • 2017
  • The two competing underlying mechanisms of anchoring, anchoring-and-adjustment and selective accessibility, have very different managerial implications for the effect of price as an anchor on willingness-to-pay (WTP). To clarify their relative roles in inducing the anchoring effect, path analysis modeling in which two paths are included in a single model was utilized. The first path proceeds directly from anchor price to WTP, representing anchor-and-adjustment. The second path, representing selective accessibility, includes a mediator formed by various explanatory variables of WTP. The results consistently show that only the direct path, anchoring-and-adjustment, is significant. The results also show that the level of available product information has no significant moderation effect on both of the paths, which implies the robustness of the result with respect to information level.

하도급대금 조정 관련 분쟁의 예방을 위한 법규 개선방안에 관한 연구 (A Study on Improvements of Regulation for the Preventing Commercial Disputes Related to Adjustment of Subcontract Price)

  • 민병욱;이종광;김용수
    • 한국건설관리학회논문집
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    • 제6권1호
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    • pp.186-194
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    • 2005
  • 본 연구는 건설공사 하도급계약의 당사자인 수급인과 하수급인간의 하도급계약금액 조정과 관련하여 발생하는 원인을 검토하고, 분쟁을 예방하기 위한 하도급대금조정 관련 법규의 개선방안을 제시하는 것을 목적으로 한다. 본 연구는 문헌연구, 하도급계약 법규에 관한 구조와 맥락의 분석 그리고 설문조사의 방법에 의하여 진행되었으며, 주요한 연구결과는 다음과 같다. (1) 발주자와 수급인의 계약금액 조정이 이루어지는 경우 그 내용을 하수급인에게 통지하도록 하는 절차에 관한 조항을 하도급법과 건설표준하도급계약조건에 규정하여야 한다. (2) 하수급인이 하도급계약 내용의 변경 및 그에 수반되는 하도급대금 조정을 청구할 수 있도록 하는 절차를 건설표준하도 급계약조건에 규정하여야 한다. (3) 하도급대금 조정에 관한 기준을 명확히 하기 위하여 건설표준하도급계약조건에서 사용되고 있는 불확정 개념인 단가, 낙찰률 등 용어의 정의를 명확히 하였다. (4) 수급인의 귀책으로 인해 발생하는 연장비용의 부담은 수급인이 부담하도록 하여 부담의 주체를 명확히 하고 연장비용의 산정기준으로 재정 경제부 제정 실비산정규정을 적용하여야 한다.

Mathematical Model for Revenue Management with Overbooking and Costly Price Adjustment for Hotel Industries

  • Masruroh, Nur Aini;Mulyani, Yun Prihantina
    • Industrial Engineering and Management Systems
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    • 제12권3호
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    • pp.207-223
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    • 2013
  • Revenue management (RM) has been widely used to model products characterized as perishable. Classical RM model assumed that price is the sole factor in the model. Thus price adjustment becomes a crucial and costly factor in business. In this paper, an optimal pricing model is developed based on minimization of soft customer cost, one kind of price adjustment cost and is solved by Lagrange multiplier method. It is formed by expected discounted revenue/bid price integrating quantity-based RM and pricing-based RM. Quantity-based RM consists of two capacity models, namely, booking limit and overbooking. Booking limit, built by assuming uncertain customer arrival, decides the optimal capacity allocation for two market segments. Overbooking determines the level of accepted order exceeding capacity to anticipate probability of cancellation. Furthermore, pricing-based RM models occupancy/demand rate influenced by internal and competitor price changes. In this paper, a mathematical model based on game theoretic approach is developed for two conditions of deterministic and stochastic demand. Based on the equilibrium point, the best strategy for both hotels can be determined.

미역양식업의 생산조정과 가격지지 (A Study on the Production Adjustment and Price Support Program of Sea Mustard Aquaculture)

  • 강종호;진상대
    • 수산경영론집
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    • 제32권2호
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    • pp.73-89
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    • 2001
  • The market conditions of sea mustard is changing by overproduction, decreasing price, Import of blanched and salted sea mustard from China into Korea domestic market and increasing market share of sea mustard of China in Japan. In addition, the price support program in sea mustard aquaculture must be modified due to the restriction of domestic support by international organization such as WTO. There are two ways to solve those problems. First is that finding a way to solve the overproduction of sea mustard. One of possible ways is the production adjustment by Marketing Order. Second is that finding an alternative way to replace price support program. The possible way is Direct Payment instead of purchase stockpile system. To introduce marketing Order, outlook center, organization of self-management, production adjustment through output control measure, improvement of market structure, and education/publicity arc necessary. Also, to implement marketing order, setting a model business by government is required. There are two steps for implementation of marketing order. First step is to construct Order Committee including organization of producer, people related marketing. However, this committee must run by government for certain short-term. Second step is to improve quality of product and acceleration of demand. At visual point that enforcement of the first step is completed, government has process that government transfers Order Committees self-correcting. It is desirable that government only conduct the support acts such as quality improvement and acceleration of demand. Also, at early stage it is necessary to have aid system for marketing order For example, we can expect that income increase by production adjustment in long run. However, in short run the income of producer may decrease so, it is required to compensate his economic lose. For compensation, The useful means that can be utilized is direct payment. Direct payment is not continued policy. Also, when production adjustment policy such as Marketing Order has effective results, Direct Payment as an assistant measure must be reduced or abolished. Therefore, when production adjustment acts as an effective tool to control overproduction, Direct Payment system.

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물가변동에 의한 계약금액 조정방안 개선 기초연구 (Improvement contract sum adjustment method caused by price fluctuation)

  • 조훈희;서장우
    • 한국건축시공학회:학술대회논문집
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    • 한국건축시공학회 2004년도 학술대회지
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    • pp.83-86
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    • 2004
  • Index adjusted ration method has been widely utilized in public construction secter for contract sum adjustment by price fluctuation. In this method. the Production Price Index are used for calculating the base ratio. but the PPI can't reflect the property of construction project in respect of the selected item and weight structure. In this research we prove the problem of using the index adjusted ration method in contract sum adjustment by price fluctuation. and improve it by using the construction cost index. which has the property of construction project. And the result. we figure out the difference between the PPI and CCI by $6.7\%$ in maximum value.

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현행 건설공사 물가변동 제도의 문제점 분석을 통한 계약금액조정 개선방안 (An Improvement Plan of Contract Price Adjustment through the Problem Analysis of the Current Price Escalation Regulation in Construction Projects)

  • 박양호;권범준;김용수
    • 한국건설관리학회:학술대회논문집
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    • 한국건설관리학회 2006년도 정기학술발표대회 논문집
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    • pp.435-439
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    • 2006
  • 본 연구는 건설공사 불가변동으로 인한 계약금액조정을 함에 있어 산출과정에 있어서의 문제점과 물가변동 조정 후 설계변경이 수반될 때 물가상승액이 변경되면서 일어나는 비합리적인 정산방식과 법적인 문제점에 대한 개선방안을 제시하고자 수행되었다. 이를 위해 계약관리자를 대상으로 한 설문조사와 건설공사사례를 분석하였고 그 결과로 물가변동제도의 대한 문제점을 분석하였다. 위와 같은 과정을 통해 계약금액조정에 판한 개선방안 및 산식을 제안하였다. 상기와 같은 목적과 방법에 따라 수행된 본 연구의 결과는 다음과 같다. 1) 계약금액조정에 대한 개선방안으로는 합계단가로 비목군편성, 물가변동 조정 후 설계변경 수반시 증가된 물량 또는 신규품목에 대하여 설계변경당시 시점으로 물가변동 산출 등을 제시하였다. 2) 물가변동으로 인한 계약금액조정 후 설계변경이 수반될 경우 발생하는 기존물량 삭제 또는 물가변동제외금액 이하로 수량이 변경되는 경우와 수량 변경이 없는 경우에 대한 물가상승액 정산산식을 제안하였다.

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Policy evaluation of the rice market isolation system and production adjustment system

  • Dae Young Kwak;Sukho Han
    • 농업과학연구
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    • 제50권4호
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    • pp.629-643
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    • 2023
  • The purpose of this study was to examine the effectiveness and efficiency of a policy by comparing and analyzing the impact of the rice market isolation system and production adjustment system (strategic crops direct payment system that induces the cultivation of other crops instead of rice) on rice supply, rice price, and government's financial expenditure. To achieve this purpose, a rice supply and demand forecasting and policy simulation model was developed in this study using a partial equilibrium model limited to a single item (rice), a dynamic equation model system, and a structural equation system that reflects the casual relationship between variables with economic theory. The rice policy analysis model used a recursive model and not a simultaneous equation model. The policy is distinct from that of previous studies, in which changes in government's policy affected the price of rice during harvest and the lean season before the next harvest, and price changes affected the supply and demand of rice according to the modeling, that is, a more specific policy effect analysis. The analysis showed that the market isolation system increased government's financial expenditure compared to the production adjustment system, suggesting low policy financial efficiency, low policy effectiveness on target, and increased harvest price. In particular, the market isolation system temporarily increased the price during harvest season but decreased the price during the lean season due to an increase in ending stock caused by increased production and government stock. Therefore, a decrease in price during the lean season may decrease annual farm-gate prices, and the reverse seasonal amplitude is expected to intensify.

국제 유가에 대한 국내 휘발유의 가격 조정 분석: 분위수 자기회귀시차분포 모형을 사용하여 (An Analysis of the Asymmetry of Domestic Gasoline Price Adjustment to the Crude Oil Price Changes: Using Quantile Autoregressive Distributed Lag Model)

  • 김형건
    • 자원ㆍ환경경제연구
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    • 제31권4호
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    • pp.755-775
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    • 2022
  • 동 연구는 휘발유 가격 수준에 따른 국제 유가에 대한 국내 가격 조정의 비대칭성을 분위수 자기회귀시차분포 모형을 사용하여 확인한다. 추정에 사용된 자료는 2008년 5월 첫 번째 주부터 2022년 10월 두 번째 주까지의 주간 평균 두바이유가, 정유사 휘발유가, 주유소 휘발유가이다. 추정은 두바이유가에 대한 주유소 휘발유 가격, 두바이유가에 대한 정유사 휘발유 가격, 정유사 휘발유 가격에 대한 주유소 가격의 변화, 세 가지에 대해 이루어졌다. 추정 결과, 두바이유가에 대한 정유사 휘발유 가격의 조정은 휘발유 가격의 모든 분위에 걸쳐 비대칭적으로 나타난 반면 두바이유가와 정유사 휘발유 가격에 대한 주유소 가격의 조정은 휘발유 가격의 분위수가 높을수록 비대칭적으로 나타났다. 이와 같은 결과는 휘발유 가격 변화에 따른 주유소의 재고 비용 변화에 기인하는 것으로 추측된다. 재고 비용에 대한 부담이 높을수록 주유소에게는 상승한 휘발유의 매입가격을 보다 적극적으로 판매가격에 전가하고자 하는 유인이 있다.

국제 유가 변동성이 국내 휘발유 가격 비대칭성에 미치는 영향 (An Effect of Volatility of Crude Oil Price on Asymmetry of Domestic Gasoline Price Adjustment)

  • 김남제;김형건
    • 아태비즈니스연구
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    • 제14권1호
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    • pp.351-364
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    • 2023
  • Purpose - This study examines the effects of Dubai oil price and the volatility on the asymmetry of domestic gasoline price adjustment. Additionally, the study investigates the effects of "Altteul" gas-station and tax-cut policies on asymmetry. Design/methodology/approach - Firstly, the study calculates proxies for asymmetry and volatility of each window(every 3-month) by error-correction model and GARCH(1, 1) using daily domestic gas price and Dubai oil price from 2008/04/15 to 2022/12/31. Secondly, the study investigates the effects of the increasing rate of Dubai oil price, volatility, "Altteul" gas-station and tax-cut policies on asymmetry. The autoregressive distributed lag regression model is employed for estimations. Findings - The study finds that changes in the increasing rate of Dubai oil price and both types of volatility of Dubai oil price increase asymmetry. While "Altteul" gas-station and tax-cut policies decrease asymmetry. Additionally, the study fails to find that asymmetry in the Korean gasoline market in the estimation with total observations. Research implications or Originality - An increase in Dubai oil price volatility means an increase in cost uncertainty for gas-station owners. Since cost uncertainty is a kind of financial risk, the increase in volatility reinforces the asymmetry. The study provides supporting evidence for the idea.