• Title/Summary/Keyword: Price control

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An Analysis of Production and Marketing Control Effect of Aqua-cultured Flounder Using Supply and Demand Models (수급모형을 이용한 양식넙치의 생산 및 출하조절 효과분석)

  • Ko, Bong-Hyun
    • The Journal of Fisheries Business Administration
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    • v.47 no.4
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    • pp.65-75
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    • 2016
  • The purpose of this study was to analyze the production and marketing control effects of aqua-cultured flounder required for stable income growth of aqua-cultured household. We analyzed the supply and demand structure of cultured flounder using the partial equilibrium model approach. And we estimated the optimal yield of cultured flounder and analyzed the effect of marketing control through constructed model. The main results of this study are summarized as follows. First, the fitness and predictive power of the estimated model showed that the RMSPE and MAPE values were less than 5% and Theil's inequality coefficient was very close to 0 rather than 1. It was evaluated that the prediction ability of the aqua-cultured flounder supply and demand model by dynamic simulation was excellent. Second, dynamic simulation based on policy simulation was conducted to analyze the price increase effect of production and shipment control of cultured flounder. As a result, if the annual production volume is reduced by 1%, 5%, and 10% among 32,852~37,520 tons, it is analyzed that the price increase effect is from 1.2% to 12.5%. Finally, this study suggests that the production and marketing control can increase the price of aqua-cultured flounder in the market. In this paper, we propose a policy implementation of the total supply system instead of conclusions.

Fair Power Control Using Game Theory with Pricing Scheme in Cognitive Radio Networks

  • Xie, Xianzhong;Yang, Helin;Vasilakos, Athanasios V.;He, Lu
    • Journal of Communications and Networks
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    • v.16 no.2
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    • pp.183-192
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    • 2014
  • This paper proposes a payment-based power control scheme using non-cooperative game with a novel pricing function in cognitive radio networks (CRNs). The proposed algorithm considers the fairness of power control among second users (SUs) where the value of per SU' signal to noise ratio (SINR) or distance between SU and SU station is used as reference for punishment price setting. Due to the effect of uncertainty fading environment, the system is unable to get the link gain coefficient to control SUs' transmission power accurately, so the quality of service (QoS) requirements of SUs may not be guaranteed, and the existence of Nash equilibrium (NE) is not ensured. Therefore, an alternative iterative scheme with sliding model is presented for the non-cooperative power control game algorithm. Simulation results show that the pricing policy using SUs' SINR as price punishment reference can improve total throughput, ensure fairness and reduce total transmission power in CRNs.

Uncertainty Factors affecting Bid Price from Pre-bid Clarification Document of Transport Construction Projects

  • Jang, YeEun;Kim, HaYoung;Yi, June-Seong;Lee, Bum-Sik
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.238-244
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    • 2022
  • Civil projects are associated with many uncertainties because they involve a long duration, many resources, a large area, and many supply chains. Therefore, the price of a civil project is not simply proportional to the quantity and unit price of the item but has a variable value, including uncertainty risk. This study investigates the influence of the uncertainty factors in the pre-bid clarification document on bid price formation during the project bidding phase. To this end, civil projects from the California Department of Transportation (Caltrans) were used as research data. This study randomly selected fifty sample data from each of twelve counties from 2008-to 2020: six hundred. The authors observed that each project sample had 0 to n query cases due to uncertainty. Then, this study examined the project uncertainty cases and categorized them into the following four uncertainty factors: 'conflict' (UF1), 'impossibility' (UF2), 'lack' (UF3), and 'missing' (UF4). Under the extracting process, the cases are classified into four uncertainty factors. With the project not containing any uncertainty factors as a control group, the project containing these uncertainty factors was designated as an experimental group. After comparing the bidder's price, the experimental group's bid price was higher than the control group's. This result suggests that uncertainty factors in bid documents induce bidders to set a high bid price as a defense against uncertainty.

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An Analysis on Shipment Structure of Field Tangerine in Jeju (노지감귤의 출하구조 분석)

  • Ko, Seong-Bo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.7
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    • pp.214-221
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    • 2018
  • The purpose of this study is to analyze the shipbuilding structure of field tangerine by ten days and by month. By estimating and analyzing the price flexibility function of field tangerines, this study determines whether the shipment control can stabilize and increase the income of field tangerine farmers and provides policy implication. Considering the overall market, a 1% increase in shipment volume indicates that the coefficient of price flexibility varies with ten days and month. The greatest decline is from late October to early January. Therefore, a greater necessity of shipment control is required during late October and early January. The coefficient of the dummy variable (DUM_Q) indicates the year in which the quality declines is statistically significant and sign. The coefficient of the dummy variable (DUM02) represents the year in which more than 7 days after the New Year holidays are in February is statistically significant and sign from early October to late January. Therefore, it can be seen that the necessity of shipment control is more required when New Year holidays are in February. The greatest decline in the coefficient of price flexibility is from October to December. Therefore, a greater necessity of shipment control is required during October and December. The signs of coefficients of DUM01 and DUM_Q dummy variable of the price flexibility function suggest that the need for shipment control is more important when quality is worse than better quality and that the necessity of shipment control is more required when New Year holidays are in February, respectively.

Price Determinant Factors of Artworks and Prediction Model Based on Machine Learning (작품 가격 추정을 위한 기계 학습 기법의 응용 및 가격 결정 요인 분석)

  • Jang, Dongryul;Park, Minjae
    • Journal of Korean Society for Quality Management
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    • v.47 no.4
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    • pp.687-700
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    • 2019
  • Purpose: The purpose of this study is to investigate the interaction effects between price determinants of artworks. We expand the methodology in art market by applying machine learning techniques to estimate the price of artworks and compare linear regression and machine learning in terms of prediction accuracy. Methods: Moderated regression analysis was performed to verify the interaction effects of artistic characteristics on price. The moderating effects were studied by confirming the significance level of the interaction terms of the derived regression equation. In order to derive price estimation model, we use multiple linear regression analysis, which is a parametric statistical technique, and k-nearest neighbor (kNN) regression, which is a nonparametric statistical technique in machine learning methods. Results: Mostly, the influences of the price determinants of art are different according to the auction types and the artist 's reputation. However, the auction type did not control the influence of the genre of the work on the price. As a result of the analysis, the kNN regression was superior to the linear regression analysis based on the prediction accuracy. Conclusion: It provides a theoretical basis for the complexity that exists between pricing determinant factors of artworks. In addition, the nonparametric models and machine learning techniques as well as existing parameter models are implemented to estimate the artworks' price.

Housing Price Stabilization by Apartment Reconstruction with; Tightening rules to restrict demand? or Alleviating rules to increase supply? (집값 안정을 위한 재건축 규제인가? 재건축 완화인가?)

  • Lee, Sun
    • Journal of the Korean Professional Engineers Association
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    • v.39 no.3 s.186
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    • pp.32-35
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    • 2006
  • The recent speculation fever in Kangnam have been cooled down by the August 31 heavy taxation tool for curbing speculators. Another March 30 real estate control equipped with high capital gains tax up to 50% was targeting reconstruction projects of dilapidated apartment complexes mostly inside of Kangnam area. The shortage of larger unit supply with its high demand results in price polarization problem. It makes higher price for larger units and less price for smaller units, and therefore higher priced home owners become richer and lower priced home owners become poorer. To avoid the polarization problem and anther probable price hikes in the near future, it may be suggested to supply quality homes by loosening the tight rules for the apartment reconstruction project, and thereby kangnam housing price stabilization can be achieved.

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The Rice Price Support Program in the midst of Structural Change (미곡시장(米穀市場) 구조변화(構造變化)와 가격지지정책(價格支持政策))

  • Kim, Ji-hong
    • KDI Journal of Economic Policy
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    • v.12 no.3
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    • pp.3-26
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    • 1990
  • Encouraged by the investment in the rice paddy, the introduction of new varieties (Tong-Il), and the price support program, there has been great success in increasing rice production. Meanwhile, the demand for rice has decreased rapidly as per capita income continues to rise. Rice self-sufficiency has been attained, and a new over-supply problem is emerging. Moreover, the Uruguay Round Agricultural Negotiation would prohibit government price support for agricultural products. In October the Korean government decides the government purchase amount and support price, which works as the price guideline. All interested parties exert political efforts to influence the decision. The continued increase of the government purchase price of rice due to political pressure pushed the government purchase price above the market wholesale price in 1988. Also, the farmers preferred to sell to the government than to the wholesaler. This has discouraged the market mechanism, and the government is to take over the three functions of the market mechanism: stockpiling, seasonal price fluctuation adjustment, and circulation. Another big increase may cause the government purchase price to rise above the consumer price, which might lead to arbitrage opportunities for the farmers and suffocate the market mechanism. However, the current political situations limits the options for the Korean government. This paper argues that a supply control policy will reduce the social cost resulting from the high level of producer price support, and it proposes several second best policies: First, the production of new varieties should be reduced rapidly. Second, the old rice in the government warehouse should be auctioned or disposed of in order to reduce the government handling and management costs. Third, the acreage diversion program should be launched in order to control rice paddy acreage. Fourth, a social welfare program in rural areas should be introduced, since the share of population over 60 is increasing rapidly. Fifth, instead of the price support which is forbidden by the Uruguay Round, Korea should restructure the agricultural industry by developing new crops, by enhancing productivity and by improving the agricultural infrastructure.

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Intersectoral Collaboration for Tobacco Policy: Focusing on WHO FCTC (흡연위험요인관리를 위한 부문간 협력: WHO FCTC를 중심으로)

  • Choi, Eun Jin
    • Korean Journal of Health Education and Promotion
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    • v.30 no.4
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    • pp.9-16
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    • 2013
  • Objectives: The purpose of this manuscript was to review Intersectoral Collaboration policies for Tobacco Control. Methods: The author selected the WHO Framework Convention on Tobacco Control and adopted guidelines, and reviewed intersectoral and multisectoral collaboration policy recommendations. Results: There are 11 chapters and 38 articles in the Convention. In the Demand reduction policies included price and non price measures. The author selected a few non price measures for cross sectoral collaboration examples. They are protection from exposure to tobacco emission, education and communication, banning advertising, promotion and sponsorship of tobacco products, and offering treatment to tobacco use cessation. Inter sectoral and multi sectoral approaches could increase effectiveness, and better outcome of the tobacco control policy for implementation of many different articles of FCTC. Conclusions: It is important to give a specific role in structures of different government sectors and infrastructure for intersectoral collaboration. In addition, the role of civil society is very important for implementation of tobacco control policy effectively, and governments have to support the civil society for anti-smoking activities and campaigns.

Design of Multidivision for the Fittest of Color STN Decode (칼라 STN Decode의 최적화를 위한 다분할적 설계)

  • Ryu, Chi-Kook;Jung, Dong-Ho;Kwon, Sung-Yeol;Bae, Jong-Il;Lee, Dong-Cheol
    • Proceedings of the KIEE Conference
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    • 2002.07d
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    • pp.2617-2618
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    • 2002
  • The key point of this design can offer good picture resolution and a high-speed color STN decode. We maximize a combination processing of the color signal. Therefore, there is a color implementation at the natural. The age of the multimedia comes, so the color is considered important and wide. To be necessary a color implementation have become the importance which picture resolution is clean and low price of the liquid display TFT occupied greater part of the liquid display. But TFT could not consist low price realization. This research is a color implementation of STN at low price, design good picture resolution decode for optimum an limit of upside with frequency range maximizing and can reply in the high-speed by multidivision method. As a result, we design optimum of the STN decode.

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High-Price Medical Technologies in South Korea (우리나라 고가의료장비 분포 및 노후화 현황 분석)

  • Han, Kyung-Hee;Ko, Su-Kyoung;Jeong, Seol-Hee
    • Korea Journal of Hospital Management
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    • v.12 no.1
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    • pp.31-50
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    • 2007
  • This study was carried out to analyze the present condition of high-price medical technologies in South Korea and to compare it with OECD countries. This study included 10 high-price medical equipments and used medical equipment registry data of Health Insurance Review Agency. The major findings of this study are as follows; Firstly, The number and growth of high-price medical equipments in South Korea is much higher than those in other OECD countries. There are many of high-price medical equipments even in clinics. Secondly, the percentage of old poor-quality medical equipments is very high, especially in clinics. This is because of high-price of medical equipments. The results of this study implicated that there is high possibility of inappropriate use of high-price medical technologies. This may result in the increase of health expenditure; therefore, there should be a kind of regulation policy to control amount and quality of medical equipment.

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