• Title/Summary/Keyword: Price Change

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Fabrication of Silicon Window for Low-price Thermal Imaging System (저가형 열영상 시스템을 위한 실리콘 윈도우 제작)

  • Sung, Byung Mok;Jung, Dong Geon;Bang, Soon Jae;Baek, Sun Min;Kong, Seong Ho
    • Journal of Sensor Science and Technology
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    • v.24 no.4
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    • pp.264-269
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    • 2015
  • An infrared (IR) bolometer measures the change of resistance by absorbing incident IR radiation and generates a signal as a function of the radiation intensity. Since a bolometer requires temperature stabilization and light filtering except for the infrared rays, it is essential for the device to be packaged meeting conditions that above mentioned. Minimization of heat loss is needed in order to stabilize temperature of bolometer. Heat loss by conduction or convection requires a medium, so the heat loss will be minimized if the medium is a vacuum. Therefore, vacuum packaging for bolometer is necessary. Another important element in bolometer packaging is germanium (Ge) window, which transmits IR radiation to heat the bolometer. To ensure a complete transmittance of IR light, anti-reflection (AR) coatings are deposited on both sides of the window. Although the transmittance of Ge window is high for IR rays, it is difficult to use frequently in low-price IR bolometer because of its high price. In this paper, we fabricated IR window by utilizing silicon (Si) substrate instead of Ge in order to reduce the cost of bolometer packaging. To enhance the IR transmittance through Si substrate, it is textured using Reactive Ion Etching (RIE). The texturing process of Si substrate is performed along with the change of experimental conditions such as gas ratio, pressure, etching time and RF power.

Are Business Cycles in the Fashion Industry Affected by the News? -An ARIMAX Time Series Correlation Analysis between the KOSPI Index for Textile & Wearing Apparel and Media Agendas- (패션산업의 경기변동은 뉴스의 영향을 받는가? -섬유의복 KOSPI와 미디어 의제의 ARIMAX 시계열 상관관계 분석-)

  • Hyojung Kim;Minjung Park
    • Journal of the Korean Society of Clothing and Textiles
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    • v.47 no.5
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    • pp.779-803
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    • 2023
  • The growth of digital news media and the stock price index has resulted in economic fluctuations in the fashion industry. This study examines the impact of fashion industry news and macroeconomic changes on the Textile & Wearing Apparel KOSPI over the past five years. An auto-regressive integrated moving average exogenous time series model was conducted using the fashion industry stock market index, the news topic index, and macro-economic indicators. The results indicated the topics of "Cosmetic business expansion" and "Digital innovation" impacted the Textile & Wearing Apparel KOSPI after one week, and the topics of "Pop-up store," "Entry into the Chinese fashion market," and "Fashion week and trade show" affected it after two weeks. Moreover, the topics of "Cosmetic business expansion" and "Entry into the Chinese fashion market" were statistically significant in the macroeconomic environment. Regarding the effect relation of Textile & Wearing Apparel KOSPI, "Cosmetic business expansion," "Entry into the Chinese fashion market," and consumer price fluctuation showed negative effects, while the private consumption change rate, producer price fluctuation, and unemployment change rate had positive effects. This study analyzes the impact of media framing on fashion industry business cycles and provides practical insights into managing stock market risk for fashion companies.

The Effects of the change in Telecommunication Regulation on Incentive for Network Investment and Innovation - Based on Korean Telecommunications Regulation Changes-

  • Jung, Choong Young;Jung, Song Min
    • Asian Journal of Innovation and Policy
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    • v.1 no.2
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    • pp.148-167
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    • 2012
  • This paper analyzes the impact of the change in telecommunication regulation changes including the unification of telecommunication service on network investment. The unification of telecommunication service plays a role of separating behavior regulation from entrance regulation and reducing entrance constraints. Therefore, it is expected that the market spillover effect is high through the improvement of behavior regulation. In addition, the effects of the other regulation changes in the 2010 Telecommunications Business Act revision are analyzed. This paper discusses critical factors affecting the decision making process in respect to the firm level and analyzes the impact path guiding investment and innovation. The key findings are as follows. First, the impact of entrance deregulation depends on the intensity of deregulation. If the intensity is not high, this regulation increases the incentive on investment and innovation. However, if the intensity is high as shown in abolishing of licensing, it affects the incentive negatively. Second, if interconnection regulation focuses on existing facilities or the intensity is not strong, this light handed regulation might increase investment and innovation. However, if interconnection obligation is expanded to the facility not constructed or the facility applying new technology, this regulation might deteriorate investment. Third, price deregulation increases the competition of service but it also increases the business opportunity, which means positive effect on investment. Finally, the paper proposes the guideline for telecommunications policy.

The Development of the Transmission Marginal Loss Factors with Consideration of the Reactive Power and its Application to Energy Spot Market (무효전력을 고려한 한계송전손실계수 산정 방법론 개발 및 현물시장에의 적용)

  • 박종배;이기송;신중린;김성수
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.52 no.7
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    • pp.429-436
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    • 2003
  • This paper presents a new approach for evaluating the transmission marginal loss factors (MLFs) considering the reactive power. Generally, MLFs are represented as the sensitivity of transmission losses, which is computed from the change of the generation at reference bus by the change of the load at the arbitrary bus-i. The conventional evaluation method for MLFs uses the only H matrix, which is a part of jacobian matrix. Therefore, the MLFs computed by the existing method, don't consider the effect of the reactive power, although the transmission losses are a function of the reactive power as well as the active power. To compensate the limits of the existing method for evaluating MLFs, the power factor at the bus-i is introduced for reflecting the effect of the reactive power in the evaluation method of the MLFs. Also, MLFs calculated by the developed method are applied to energy spot markets to reflect the impacts of reactive power. This method is tested with the sample system with 5-bus, and analyzed how much MLFs have an effect on the bidding/offer price, market clearing price(MCP), and settlement in the competitive energy spot market. This paper compared the results of MLFs calculated by the existing and proposed method for the IEEE 14-bus system, and the KEPCO system.

The Change of Clothing Expenditures and its Determinants in Bores: A Time-series Analysis (Part I) (우리나라 소비자의 피복비 지출구조 변화양상과 결정요인에 대한 종적 연구(제1보))

  • 정수진;이은영
    • Journal of the Korean Society of Clothing and Textiles
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    • v.21 no.5
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    • pp.889-902
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    • 1997
  • During the past three decades, there have been drastic changes in many fields in Korea. Social and economic changes which occurred meantime have influenced clothing expenditures of Korean consumers. The purpose of this study was to investigate the change of clothing expenditures and its determinants in Korea during the period of 1965 to 1993. In particular, the impacts of income and price on clothing expenditures were examined using data from the National Acccounts published by the Bank of Korea as well as Urban Household Economy Survey published by the Bureau of National Statistics. Per-person consumption expenditures for clothing and shoes (CSX) in permanent price generally increased in accordance with the increase of income since 1965. From 1978 to 1984, however, there was a slight decrease in clothing expenditures in spite of the continuous increase in income, due to the depression of national economy. The proportion of CSX in total consumer spendings has decreased continuously since 1978. In recent years, CSX take only 5% of national aggregate consumption expenditures, while consumption expenditures of urban consumers is 8%. The expenditures for traditional clothing and fabrics for home- sewing decreased most. The results of this study should provide a broader view of the pattern of clothing consumption by Korean consumers. Moreover, the findings can suggest how social and economic changes of a society affect consumers' clothing expenditures.

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Estimation of Demand Functions for Imported Fisheries Products Using Cointegration Analysis: Effect Analysis of Tariff Reduction (공적분 분석을 이용한 우리나라 수입수산물의 수요함수 추정 : 관세감축영향분석)

  • Nam, Jong-Oh;Kim, Soo-Jin
    • Ocean and Polar Research
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    • v.32 no.1
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    • pp.23-40
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    • 2010
  • This study investigated the effects of imported fisheries products on WTO/DDA tariff negotiations. To calculate the results, the study estimated the demand functions of imported fisheries products by using unit root and cointegration approaches. These approaches allowed us to solve spurious regression problems with macro-economic variables. In addition, this study surmised the effects of change by individually imported fish products from a tariff negotiation model using price elasticities of estimated import demand function. In a process of the analysis for estimating import effects, this study found out that 39 out of 128 imported fish products had positive (+) price elasticities or did not exhibit cointegrations. To cure this problem, this study suggested that the effects of these 39 imported products be estimated with the average variation rate of import volume, rather than by the Ordinary Least Squares approach. In this study, a case-study of tariff formula with coefficient 8 based on a 'Swiss formula' for priority duty rate of 2001 and 2008 was used by to analyze the effect of change in the 128 imported fish products of both years, respectively.

Impacts of the Real Effective Exchange Rate and the Government Deficit on Aggregate Output in Australia

  • Hsing, Yu
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.1
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    • pp.19-23
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    • 2017
  • Based on a simultaneous-equation model consisting of aggregate demand and short-run aggregate supply, this paper estimates a reduced-form equation specifying that the equilibrium real GDP is a function of the real effective exchange rate, the government deficit as a percent of GDP, the real interest rate, foreign income, labor productivity, the real oil price, the expected inflation rate, and the interactive and intercept binary variables accounting for a potential change in the slope of the real effective exchange rate and shift in the intercept. Applying the exponential GARCH technique, it finds that aggregate output in Australia has a positive relationship with the real effective exchange rate during 2003.Q3 - 2013.Q2, the government deficit as a percent of GDP, U.S. real GDP, labor productivity and the real oil price and a negative relationship with the real effective exchange rate during 2013.Q3 - 2016.Q1, the real lending rate and the expected inflation rate. These results suggest that real appreciation was expansionary before 2013.Q3 whereas real depreciation was expansionary after 2013.Q2 and that more government deficit as a percent of GDP would be helpful to stimulate the economy. Hence, the impact of real appreciation or real depreciation on real GDP may change overtime.

An Analysis of Consumer's Satisfaction about Korean Traditional Soybean Paste Products - Focusing on Deajeon's Consumers - (전통장류에 대한 소비자 만족도 분석 - 대전소비자를 대상으로 -)

  • Kim, Jong-Hwa
    • Journal of Korean Society of Rural Planning
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    • v.23 no.3
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    • pp.61-72
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    • 2017
  • The purpose of this paper is to estimate consumer's satisfaction by purchasing farmer's processed food. So, this paper surveyed consumers which have purchased Korean traditional soybean paste products, by reason of limiting research objects among lots of farmer's processed food. A survey of 220 consumers was carried out on September and October 2016. For this matters, this paper used multiple linear regression model(included LOG-LIN model) and, set up 1 dependent and 11 independent variables. As the analysis results, we could find out that consumer's satisfaction was affected by 6 variables(price, taste, ease of cooking, confidence of product information, social awareness and perceived 6th industrialization). Among these variables, the strongest variable was "social awareness", and the second was "perceived 6th industrialization". This paper also estimated the rate of change that a dependent variable was affected by independent variables. As the results, this paper found out that "perceived 6th industrialization" had the highest rate of change(5.8%) and the second was "social awareness"(5.6%). This paper proposed 7 implications of Korean traditional soybean paste. Those were the proper price policy and quality value's promotion, quality Improvement and confidence enhancement, development of products for consumer's convenience, enhancement of social awareness, enhancement of politic management about 6th industrialization and accessibility of purchasing information.

Development of Station Dwelling Time Estimation Model for Seoul Metro Line No. 4 (도시철도 정차시간 분석을 통한 모형식 개발에 관한 연구 (서울시 도시철도 4호선을 중심으로))

  • Park, Jeong-Su;Sin, Dong-Hui;Won, Je-Mu
    • Journal of Korean Society of Transportation
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    • v.24 no.2 s.88
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    • pp.147-156
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    • 2006
  • Metropolitan Subway, tke volume of station, distance between station is short. when the demand is concentrated during moving peak periods, the Headway that than Line Headway in which Station Headway is applied to Station Capacity computation be. The factors to determine the Station Headway have a fixing Price of the machine and the Dwell time. Other factors aye decided already or fixing price but the Dwell time that change according to demand cause the biggest effect at Station Headway. After analyze constituents that influence to Station Headway in this study calculated correct Station Capacity drawing estimating dwell time model that change according to demand.

A Study on the Valuation of Real Estate Using the Applies Real Option Model Considering Population Structure Changes (실물옵션 기법을 응용한 부동산 가치평가 연구: 인구구조 변화를 고려하여)

  • Gu, Seung Hwan;Ping, Wang;Jang, Seong Yong
    • Korean Management Science Review
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    • v.31 no.1
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    • pp.17-26
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    • 2014
  • This study presents a new real estate value analysis model considering the changes in the population structure. We propose a new model that takes advantage of the binomial option model one of the techniques of real options and considers the changes in the population structure. The real estate market price data of Seoul city from year 2001 to 2012 were extracted and the correlation analysis between real estate prices and changes in the population structure was performed. The result shows that they have positive correlation with one year time lag. The coefficient between the real estate prices and demographic changes was estimated using the OLS analysis and included in the traditional binomial option model to calculate the value of the property. It is assumed for the future price prediction that real estate invested in Seoul in January, 2013 will be sold within five years. Analysis result shows that the values of real estate in September of 2013 were predicted as 583.5 million won in the new model and as 582.4 million won in the traditional model. This reflects that the new model considering the change of population change gives better realistic performance than the traditional one.