• Title/Summary/Keyword: Profits

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Impact of Net-Based Customer Service on Firm Profits and Consumer Welfare

  • Kim, Eun-Jin;Lee, Byeong-Tae
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.141-146
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    • 2007
  • The importance of the net-based customer service in delivering supplementary after-sale services associated with product has been well documented. The strategic advantages of a well-implemented the net-based customer service are enhanced customer loyalty and higher lock-in of customers, and the resulting reduction in competition and the consequent increase in profits. However, not all customers utilize such the net-based customer service. This is partly due to the e-commerce divide, and partly due to privacy and security concerns of the customer for sharing personal information with firms. The limited level of customer adoption of the net-based customer service affects the firm profits and the customers' welfare. We use a game-theoretic model in which we model the net-based customer service system as a mechanism to enhance customers' loyalty. We find that an increase in adoption of the net-based customer service by the customer base is not always desirable for firms. and that customers who utilize such services are better off only when the overall adoption is limited.

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An Empirical Study on Impacts Caused by Excessive Profits Tax on Land of Korea and Counterproposal

  • Lee, Boo-Kui;Kumata, Yoshinobu
    • Journal of the Korean Regional Science Association
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    • v.10 no.2
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    • pp.73-82
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    • 1994
  • The Korean government has introduced land policy reform measures recently, in order to stabilize the circulating system of land, without a parent law involving effective land use. The measures aim to change the pattern of land market rather than the pattern of land use. Expecially, the excessive profits tax on land intends to redistribute the owernership of residential land, and to recapture windfall gains on an accrual basis. However, it may incur secondary gains in macro economics and an unintended reduction of urban land supply in the land market. This paper aims to study empirically the impact caused by the excessive profits tax on land, and to promote urban land supply. Ultimately, this paper can be regarded as an interim report on outcome of research projects which aim to propose a method of urban land supply suitable to an advanced society.

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Analysis on Power Transactions of Generation and Operating Reserve Based on Marginal Profits (한계이득 측면에서 분석한 발전 예비력 포함 전력거래)

  • Shin, Jae-Hong;Lee, Kwang-Ho
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.10
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    • pp.440-445
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    • 2006
  • As an electricity industry transforms into a competitive system, an electricity market revolves into a combined market consisting of generation and operating reserve. This paper presents a market model combined by an energy market and an operating reserve market. In a competitive structure, Gencos strive to choose strategic bidding parameters that maximize total profit resulting from an energy market and a reserve market. The primary goal of the paper is to analyze power transactions of generation and operation reserve based on marginal profits and capacity limits at NE(Nash Equilibrium). In case studies, the reserve market and the energy market are compared at the n from the viewpoints of marginal profits, prices and transaction quantities. It is shown that the marginal profit in an energy market is equal to that in a reserve market, and Gencos strategic bidding is greatly influenced by capacity limit.

A Study on Increasing Productivity using Profits Making Analysis in the Semiconductor Industry (반도체 산업에서의 수익창출 분석을 활용한 생산성 향상에 관한 연구 -6시그마 기법을 중심으로-)

  • Yun, Young-Do;Kim, Min-Jun;Yang, Kwang-Mo;Kang, Kyong-Sik
    • Journal of the Korea Safety Management & Science
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    • v.15 no.1
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    • pp.199-207
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    • 2013
  • Domestic semiconductor industry grew rapidly enough to draw a close attention in a short period less than twenty years. Korea grew to be the third largest semiconductor manufacturing country in the world during the period and has maintained the proud of Koreans even in technological competitiveness. Accordingly, In this study, it was introduced and analyzed 6 sigma method using profits making analysis for increasing Productivity in the semiconductor manufacturing process.

A Study on the Yangtaeknon and Arrangement Forms of Rural Traditional House (양택론(陽宅論)과 농촌지역(農村地域) 전통가옥(傳統家屋)의 배치형태(配置形態)에 관(關)한 연구(硏究))

  • Jang, Hwal-Jin;Do, Yong-Ho
    • Journal of the Korean Institute of Rural Architecture
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    • v.2 no.3
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    • pp.37-47
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    • 2000
  • This study purposes to analyze the rural traditional houses which upper-class in Chosun Dynasty Investigation of arrangements and compositions based on theory of Yangtaeknon. 1) Feng-shui Theory : About people who have taker profits by the ground. 2) Eumtaeknon : Locating graveyards brings to the descendants profits. 3) Yangtaeknon : The descendants will have taken profits by arrangement forms of the house. This study has analyzed the traditional house by two methods. First method is study on arrangement forms, second is analysis based on the theory of Yangtaeknon.

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Can Properly Raised Debts Help Increase the Profits of Industrial Enterprises?

  • Zhang, Cheng;Song, Li-Yuan
    • Journal of Information Processing Systems
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    • v.15 no.4
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    • pp.920-930
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    • 2019
  • To figure out the impact of debt financing on the profits of industrial enterprises, it starts with calculating the first differences against the logarithms of the cost profit ratios and the debt asset ratios of Chinese industrial enterprises during 179 months from 2002 to 2016; next, it runs the cointegration test and afterwards the regression test to analyze the obtained first differences, and still next uses the Simulink software to get the regularity of those changes. It finds out that there is not only a long-term stable relationship between the enterprises' profits and debts, but also a steady time series trend within a short term. The profit rate positively correlates to the debt asset ratio, and profit for the current term positively correlates to the profit for the previous term. It indicates that properly raised debts can help increase the profit rate of the industrial enterprises, and a higher previous profit level can help improve the current profit level.

A CONCEPTUAL FRAMEWORK FOR CONCURRENT CONSTRUCTION PLANNING

  • Euysup Shim;Kenneth Reinschmidt
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.440-448
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    • 2009
  • Concurrent construction (or overlapping) is an alternative project delivery process to reduce time-tomarket such that the owner can get higher profits; the increased profits due to shortened project duration would exceed the loss of profits from the increased cost, if any. For more effective concurrent construction, a new conceptual framework for concurrent construction planning is suggested. With multiple work methods available in each activity, the performance of overlapping between two activities in terms of cost is affected by the compatibility between work methods selected and the benefit to the project owner is determined by internal rate of return (RoR). The impact of the compatibility between work methods and the conceptual framework are explained by a hypothetical case study.

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A Study on CSV of Social Economy and Consumer Perspective (사회적경제와 소비자 관점의 공유가치창출(CSV) 연구)

  • Lee, Young-Il;Kim, Young-Shin
    • Journal of Distribution Science
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    • v.13 no.12
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    • pp.53-63
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    • 2015
  • Purpose - Recently, creating shared value (CSV) has attracted attention through plan sustainability and the growth of corporate management. Porter and Kramer (2011) defined the core concept of CSV as social value, economic profits, improvements in the economic social condition, and reinforcing competitiveness. The purpose of CSV, which is to pursue economic profits through a social solution to the problem, agrees with managing the objective of a social enterprise that prioritizes the pursuit of profits through the realization of a social purpose. Today, CSV studies focus on CSR and sustainability and reinforce competitiveness. However, few studies focused on the social economy. Precedent studies examined CSV using a company example, and few studies exist from the perspective of consumers and the point of view of a market society. Research design, data, and methodology - Therefore, this study examines CSV in comparison to a background of the social economy. This study also investigates and analyzes the concept of social value from the point of view of consumers, social problems, consumption value, corporate value, and the influence of consumers. This article develops three hypotheses. Hypothesis 1 investigates the correlation with social innovation that consumers thought as being necessary for social innovation by a company. Hypothesis 2 is used to confirm the influence of consumers in CSV. Therefore, this article investigates the influence of consumers on consumption action for companies that are indifferent to social problems. Hypothesis 3 is used to verify the correlation between the value that consumers demand through consumption and the corporate value that companies pursue other than profits. The three hypotheses were adopted and met the standard for suitability. Results - The importance of the CSV study from the consumer perspective was confirmed using the influence of consumers on CSV. Because the objective of company activities is either the consumer or the market, the influence that extends to interactions between the company and consumers to ensure the success of a business is significant. Regarding the CSV study, because it was an initial study, various approaches are subsequently developed. However, conceptual and practical case studies on CSV currently exist that may be used to verify the factors that comprise CSV. Therefore, the company example may enable verification of the factors that influence the composition of CSV through identification from the consumer perspective. In addition, studying CSV as an action result (of consumer satisfaction, of a company's profits and competitiveness, and of society's cancellation of a social problem) may enable the realization of a practice paradigm as opposed to simply thought and faith. Conclusions - First, this study confirms the social value of a business through the feasible and common pursuit of consumers by corporations. Second, customer influence accounts for an important part of CSV. Third, shared value commonly provides a necessary advantage to consumers, corporates, and society, and contributes to the economy and healthy social development. Fourth, corporates can conduct a business, generate profits, and realize value through improvements in social problems and by addressing their competitive strengths and weaknesses.

A Study on MVA using Value Driver Analysis in Manufacturing Activity (공장활동 가치창출분석을 이용한 MVA에 관한 연구)

  • Han Jin-Youl;Hwang Seung-Gook;Kang Sung-Soo
    • Proceedings of the Society of Korea Industrial and System Engineering Conference
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    • 2002.05a
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    • pp.19-24
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    • 2002
  • The result of management profits create to manufacturing activity. The gross sale profits must be maximum thraw spend of economic value. The profit maximum have to management based key value driver of manufacturing activity. The important factors of the study model are manufacturing value driver(MVD) and manufacturing value added(MVA). We show necessity of management based value by means of a case study.

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Comparisions of the congestion management methods by the equilibrium strategies in game theory (게임이론의 균형점 해석에 의한 혼잡처리 방식의 비교)

  • Choi, Seok-Keun;Cho, Cheol-Hee;Lee, Kwang-Ho
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.670-672
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    • 2003
  • The market participants make plans of bidding and transaction strategies to maximize their own profits in competitive electricity market. Also, It is concerned with transmission congestion in power market. Two methods are generally used for congestion management;nodal pricing and uplift. The participants will have different strategies for their profits in the two methods. This paper analyzes their equilibrium strategies by using the supply function model and congestion methods.

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