• Title/Summary/Keyword: RAE-equilibrium

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Game Theoretic Analysis of the Mobile Discount Service of the Offline Retailers (오프라인 소매점의 모바일 할인 서비스에 대한 전략적 분석)

  • Cho, Hyung-Rae;Rhee, Minho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.3
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    • pp.47-55
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    • 2016
  • The proliferation of the Internet and related technologies has led to a new form of distribution channels, namely online retailers. The conventional offline and the new online retailers have different transaction costs perceived by the consumers in the following perspectives: the accessibility to the product information, the traffic cost and the opportunity cost for the time to visit the store, the delivery time and the possibility of 'touch and feel' to test the quality of the product. In particular, the online retailers have lower distribution cost structure in that they do not have physical stores, which results in lower selling price. Thus they continuously offer price competition against offline retailers using the lower selling cost as competitive weapon. Moreover the emergence of the social commerce is likely to intensify the competition between the online and offline retailers. To survive in this fierce competition, the offline retailers are trying to defend their business interests by sticking to offline transaction in anticipation of increased customer loyalty, customer's preference for 'touch and feel' style shopping, and others. Despite of these efforts, customers who touch and feel a product in an offline store but purchase the product through an online retailer are increasing. To protect such customers, recently, some of the offline retailers began to provide the mobile discount service (MDS) which enables the offline customers to purchase a product at a discounted price through the mobile applications. In business competitions, the price discount strategy is usually considered to secure more market share at the cost of lower profit. In this study, however, we analyze the effect of MDS as a weapon for securing more profit. To do this, we set up a game model between the online and offline retailers which incorporates the effect of the MDS. By numerically analyzing the Nash equilibrium of the game, some managerial implications for using the MDS for more profit are discussed.

Development of Slope Stability Analysis Method Based on Discrete Element Method and Genetic Algorithm I. Estimation (개별요소법과 유전자 알고리즘에 근거한 사면안정해석기법의 개발 I. 검증)

  • Park Hyun-Il;Park Jun;Hwang Dae-Jin;Lee Seung-Rae
    • Journal of the Korean Geotechnical Society
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    • v.21 no.4
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    • pp.115-122
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    • 2005
  • In this paper, a new method composed of discrete element method and genetic algorithm has been introduced to estimate the safety factor and search critical slip surface on slope stability analysis. In case of estimating the safety factor, conventional methods of slope analysis based on the limit equilibrium do not satisfy the overall equilibrium condition; they must make assumptions regarding the inclination and location of the interstice forces. An alternative slope analysis method based on the discrete element method, which can consider the compatibility condition between force and displacement, is presented. Real-coded genetic algorithm is applied to the search for the minimum factor of safety in proposed analysis method. This search method is shown to be more robust than simple optimization routines, which are apt to find local minimum. Examples are also shown to demonstrate the applicability of the proposed method.

A Comparative Study on the Windchill Indices (체감온도이론의 비교 연구)

  • Park, Jeon-Hwan;Han, Uk;Park, Rae-Seol
    • Journal of the Korean earth science society
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    • v.23 no.8
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    • pp.676-682
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    • 2002
  • The concept of sensible temperature in winter is an attempt to quantify the sensation of cold by dry-bulb temperature combined with wind speed. Siple-Passel’s windchill equivalent temperature originated in experiments that are not conformable to various human conditions. Therefore, many investigators have found the flaws which are listed. Steadman’s model is based on the concept of thermal equilibrium and more sound and more representative of human conditions. But no classifications exist for Steadman’s windchill equivalent temperature, yet. The JAG/TI-model which was developed by US and Canada is more accurate, easy to understand and reflects human beings by conducting experiments using human volunteers but didn't take into account solar radiation, wet condition and physical state of the individual. Because of individual differences in people’s age, activity, health, metabolic rate, etc., no experimental evidence exists to suggest whether Siple-Passel’s, Steadman’s and JAG/TI-model’s windchill equivalent temperature is more applicable to the majority of people. Therefore we need the windchill model which is best applicable to Korean Army.

Analysis of Marketing Channel Competition under Network Externality (네트워크 외부성을 고려한 마케팅 채널 경쟁 분석)

  • Cho, Hyung-Rae;Rhee, Minho;Lim, Sang-Gyu
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.1
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    • pp.105-113
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    • 2017
  • Network externality can be defined as the effect that one user of a good or service has on the value of that product to other people. When a network externality is present, the value of a product or service is dependent on the number of others using it. There exist asymmetries in network externalities between the online and traditional offline marketing channels. Technological capabilities such as interactivity and real-time communications enable the creation of virtual communities. These user communities generate significant direct as well as indirect network externalities by creating added value through user ratings, reviews and feedback, which contributes to eliminate consumers' concern for buying products without the experience of 'touch and feel'. The offline channel offers much less scope for such community building, and consequently, almost no possibility for the creation of network externality. In this study, we analyze the effect of network externality on the competition between online and conventional offline marketing channels using game theory. To do this, we first set up a two-period game model to represent the competition between online and offline marketing channels under network externalities. Numerical analysis of the Nash equilibrium solutions of the game showed that the pricing strategies of online and offline channels heavily depend not only on the strength of network externality but on the relative efficiency of online channel. When the relative efficiency of online channel is high, the online channel can greatly benefit by the network externality. On the other hand, if the relative efficiency of online channel is low, the online channel may not benefit at all by the network externality.

A STUDY ON ADSORPTION AND DESORPTION BEHAVIORS OF 14C FROM A MIXED BED RESIN

  • Park, Seung-Chul;Cho, Hang-Rae;Lee, Ji-Hoon;Yang, Ho-Yeon;Yang, O-Bong
    • Nuclear Engineering and Technology
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    • v.46 no.6
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    • pp.847-856
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    • 2014
  • Spent resin waste containing a high concentration of $^{14}C$ radionuclide cannot be disposed of directly. A fundamental study on selective $^{14}C$ stripping, especially from the IRN-150 mixed bed resin, was carried out. In single ion-exchange equilibrium isotherm experiments, the ion adsorption capacity of the fresh resin for non-radioactive $HCO_3{^-}$ ion, as the chemical form of $^{14}C$, was evaluated as 11mg-C/g-resin. Adsorption affinity of anions to the resin was derived in order of $NO_3{^-}$ > $HCO_3{^-}{\geq}H_2PO_4{^-}$. Thus the competitive adsorption affinity of $NO_3{^-}$ ion in binary systems appeared far higher than that of $HCO_3{^-}$ or $H_2PO_4{^-}$, and the selective desorption of $HCO_3{^-}$ from the resin was very effective. On one hand, the affinity of $Co^{2+}$ and $Cs^+$ for the resin remained relatively higher than that of other cations in the same stripping solution. Desorption of $Cs^+$ was minimized when the summation of the metal ions in the spent resin and the other cations in solution was near saturation and the pH value was maintained above 4.5. Among the various solutions tested, from the view-point of the simple second waste process, $NH_4H_2PO_4$ solution was preferable for the stripping of $^{14}C$ from the spent resin.

Real-time unsaturated slope reliability assessment considering variations in monitored matric suction

  • Choi, Jung Chan;Lee, Seung Rae;Kim, Yunki;Song, Young Hoon
    • Smart Structures and Systems
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    • v.7 no.4
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    • pp.263-274
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    • 2011
  • A reliability-based slope stability assessment method considering fluctuations in the monitored matric suction was proposed for real-time identification of slope risk. The assessment model was based on the limit equilibrium model for infinite slope failure. The first-order reliability method (FORM) was adopted to calculate the probability of slope failure, and results of the model were compared with Monte-Carlo Simulation (MCS) results to validate the accuracy and efficiency of the model. The analysis shows that a model based on Advanced First-Order Reliability Method (AFORM) generates results that are in relatively good agreement with those of the MCS, using a relatively small number of function calls. The contribution of random variables to the slope reliability index was also examined using sensitivity analysis. The results of sensitivity analysis indicate that the effective cohesion c' is a significant variable at low values of mean matric suction, whereas matric suction ($u_a-u_w$) is the most influential factor at high mean suction values. Finally, the reliability indices of an unsaturated model soil slope, which was monitored by a wireless matric suction measurement system, were illustrated as 2D images using the suggested probabilistic model.

A Study on the Ion-exchange Characteristics of Zeolites(A, 13X, Y, Mordenite, Chabazite) (제올라이트(A, 13X, Y, Mordenite, Chabazite)의 이온교환특성 연구)

  • An, Jin-Soo;Seo, Chung-Seok;Lee, Yong-Rae;Chun, Kwan-Sik;Park, Hyun-Soo
    • Applied Chemistry for Engineering
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    • v.5 no.6
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    • pp.949-956
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    • 1994
  • The objective of this study is to experimentally investigate the ion exchange characteristics of five types of Zeolite(Zeolite-A, 13X, Y, Mordenite, Chabazite) for effective removal of Cs, Sr and Co ions in water solution at low concentration(0.01 N and 0.005 N). Total ion exchange capacity and equilibrium isotherm are measured, and free-energy change(${\Delta}G^0$) and enthalpy change(${\Delta}H^0$) in ion exchange reaction are calculated from experimental results. In addition the ion exchange equilibrium in the three-component system for three types of zeolite showing better efficiency is measured and plotted in triangle coordinates. It is shown from experimental results that the magnitude of free-energy change increases with the increasing ion selectivity, and the difference of free energy change between ions correlates closely with that of ion selectivity. The results also shows that Chabazite is effective for the adsorption of Cs ion, and Zeolite-A and Zeolite-13X for that of Sr and Co ions.

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Reforming Environmentally-Harmful Subsidies in the Energy and Electricity Sectors in Korea (우리나라 에너지·전력 부문 보조금의 환경친화적 개편 효과 분석 : 연산일반균형분석을 중심으로)

  • Kim, Seung-Rae;Kang, Man-Ok
    • Environmental and Resource Economics Review
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    • v.20 no.4
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    • pp.827-858
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    • 2011
  • In Korea, various environmentally harmful subsidies are granted in agriculture, fishery, energy, electricity, transportation, steel and shipbuilding industry. Examples include tax-exempt fuel for agriculture & fishery, VAT- exemption for briquette & anthracite, temporary subsidy for fuel, production stabilizing subsidy for coal mining, subsidy for briquette. Korea's yearly total subsidy in energy area is about 5,291 billion won, among them is 4,870 billion won. To reduce air pollutants and to mitigate climate change, Korea has to review the phase-out of environmentally harmful subsidies and the phase-in of environment-friendly subsidy. The reduction or removal of environmentally harmful subsidies will enhance economic efficiency and bring about environmental benefits. Economic efficiency means less use of inputs, which reduces environmental cost and improves social benefits. This paper applies the Shoven and Whalley's model to the Korean economy and analyzes the general equilibrium incidence effects of reforming environmentally harmful subsidies in the energy and electricity in Korea. We consider several counterfactual scenarios in which current environmentally harmful subsidies are reduced or abolished, compare them with the reference case in the economy, and evaluated the change in efficiency costs and distributional incidence of tax reforms related to subsidies.

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Kinematic Study for the Structural Analysis of the Frame Box of Vessel Engines (선박용 엔진 프레임 박스의 구조해석을 위한 기구학적 분석)

  • Lee, Jae-Hoon;Choi, Jong-Ho;Cho, Jin-Rae;Lee, In-Soo
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.20 no.5
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    • pp.565-572
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    • 2007
  • This paper addresses the kinematic study for the structural analysis of the S60ME-C multi-cylinder vessel engine. The load conditions such as the lateral force and the reaction force by the crank-shaft are required for the FEM analysis. The driving parts in vessel engine are assumed to be in frictionless rigid plane motion. We analytically derive dynamic forces for a single cylinder by using the dynamic force equilibrium. But, for the structural analysis for a single cylinder block, we use the loading conditions of two neighboring cylinders. Meanwhile, we use the single cylinder's loading condition to calculate the multi-cylinder's loading conditions, because each cylinder shows a cyclic loading pattern with respect to the crank arm's rotation angle.

Effects of protein concentration and detergent on endotoxin reduction by ultrafiltration

  • Jang, Hyun;Kim, Hyo-Seung;Moon, Seung-Cheol;Lee, Young-Rae;Yu, Kang-Yeoul;Lee, Byeong-Kil;Youn, Hyun-Zo;Jeong, Young-Ju;Kim, Byeong-Soo;Lee, Sung-Ho;Kim, Jong-Suk
    • BMB Reports
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    • v.42 no.7
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    • pp.462-466
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    • 2009
  • Lipopolysaccharide (LPS), found in the outer membrane of Gram negative bacteria, only exerts its toxic effects when in free form. LPS has three major parts, lipid A, the toxic component, along with a core polysaccharide and O-specific polysaccharide. LPS monomers are known to have molecular masses between 10 to 30 kDa. Under physiological conditions, LPS exists in equilibrium between monomer and vesicle forms. LPS removal by 100 kDa ultrafiltration was more efficient (99.6% of LPS removed) with a low concentration of protein (2.0 mg/ml) compared to a high concentration (20.1 mg/ml). In the presence of different detergents (0.5% Tween 20, 1.0% taurodeoxycholate and 1.0% Triton X-100), LPS removal was more efficient at low protein concentrations (2.0 mg/ml) compared to high protein concentrations (20.1 mg/ml).