• The Journal of the Convergence on Culture Technology
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• v.8 no.3
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• pp.485-491
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• 2022

The traditional economic order quantity (EOQ) model is analyzed under the basic assumption that the purchase price is paid immediately upon receiving the product. However, product suppliers may allow a certain period of deferral of payment for product purchase costs in order to differentiate themselves from competitors. From the distributor's point of view, such a credit transaction can temporarily divert product purchase costs, resulting in a reduction in inventory investment costs, and ultimately, a factor that lowers the selling price for the purpose of increasing end-customer demand can be. In addition, in that credit transactions are provided for the purpose of increasing the demand of suppliers as a means of differentiation from competitors, it is more general to be allowed flexibly according to the transaction volume. In this regard, assuming that the end customer's demand is represented by a linear decreasing function of the distributor's selling price, this study analyzes a model for determining the distributor's pricing and ordering policies under order-size-dependent delay in payments. For the analysis, we also assume that the inventory is depleted not only by customer's demand but also by decaying.

• Asia Marketing Journal
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• v.16 no.1
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• pp.35-69
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• 2014

The impact of competition on pricing has been studied in the context of counterfactual merger analyses where expected optimal prices in a hypothetical monopoly are compared with observed prices in an oligopolistic market. Such analyses would typically assume static decision making by consumers and firms and thus have been applied mostly to data obtained from consumer packed goods such as cereal and soft drinks. However such static modeling approach is not suitable when decision makers are forward looking. When it comes to the markets for durable products with indirect network effects, consumer purchase decisions and firm pricing decisions are inherently dynamic as they take into account future states when making purchase and pricing decisions. Researchers need to take into account the dynamic aspects of decision making both in the consumer side and in the supplier side for such markets. Firms in a two-sided market typically subsidize one side of the market to exploit the indirect network effect. Such pricing behaviors would be more prevalent in competitive markets where firms would try to win over the battle for standard. While such qualitative expectation on the relationship between pricing behaviors and competitive structures could be easily formed, little empirical studies have measured the extent to which the distinct pricing structure in two-sided markets depends on the competitive structure of the market. This paper develops an empirical model to measure the impact of competition on optimal pricing of durable products under indirect network effects. In order to measure the impact of exogenously determined competition among firms on pricing, we compare the equilibrium prices in the observed oligopoly market to those in a hypothetical monopoly market. In computing the equilibrium prices, we account for the forward looking behaviors of consumers and supplier. We first estimate a demand function that accounts for consumers' forward-looking behaviors and indirect network effects. And then, for the supply side, the pricing equation is obtained as an outcome of the Markov Perfect Nash Equilibrium in pricing. In doing so, we utilize numerical dynamic programming techniques. We apply our model to a data set obtained from the U.S. video game console market. The video game console market is considered a prototypical case of two-sided markets in which the platform typically subsidizes one side of market to expand the installed base anticipating larger revenues in the other side of market resulting from the expanded installed base. The data consist of monthly observations of price, hardware unit sales and the number of compatible software titles for Sony PlayStation and Nintendo 64 from September 1996 to August 2002. Sony PlayStation was released to the market a year before Nintendo 64 was launched. We compute the expected equilibrium price path for Nintendo 64 and Playstation for both oligopoly and for monopoly. Our analysis reveals that the price level differs significantly between two competition structures. The merged monopoly is expected to set prices higher by 14.8% for Sony PlayStation and 21.8% for Nintendo 64 on average than the independent firms in an oligopoly would do. And such removal of competition would result in a reduction in consumer value by 43.1%. Higher prices are expected for the hypothetical monopoly because the merged firm does not need to engage in the battle for industry standard. This result is attributed to the distinct property of a two-sided market that competing firms tend to set low prices particularly at the initial period to attract consumers at the introductory stage and to reinforce their own networks and eventually finally to dominate the market.

• Journal of the Korean Geotechnical Society
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• v.39 no.11
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• pp.7-22
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• 2023

In January 2022, a new legislation was enforced to enhance the safety of underground construction. Consequently, a comprehensive assessment of underground safety is now an integral part of the planning process, including an evaluation of its impact. Ensuring the stability of temporary retaining walls during underground excavation has become paramount, prompting a heightened focus on the assessment of underground safety. This study delves into the analysis of the Multi-axis Flat Continuous Soil Cement Wall retaining wall (MFS) construction method. This method facilitates the expansion of wall thickness in the ground and provides flexibility in selecting and spacing H-piles. Through laboratory model tests, we scrutinized the load-displacement behavior of the wall, varying the H-pile installation intervals using the MFS method. Additionally, a 3-dimensional numerical analysis was conducted to explore the influence of H-pile installation intervals and sizes on the load for different thicknesses of the MFS retaining wall. The displacement analysis yielded the calculation of the height of the arching effect acting on the wall. To further our understanding, a design method was introduced, quantitatively analyzing the results of axial force and shear force acting on the wall. This involved applying the maximum arching height, calculated by the MFS method, to the existing member force review method. The axial force and shear force, contingent on the H-pile installation interval and size applied to the MFS retaining wall, demonstrated a reduction effect ranging from 24.6% to 62.9%.

• Journal of Korean Society of Disaster and Security
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• v.16 no.2
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• pp.1-13
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• 2023

As interest in urban safety has increased since COVID-19, various institutions have developed and used indicators that evaluate the safety city model. Yongsan-gu was ranked No. 1 in 2021 by Social Safety Index evaluation and was selected as the safest city in Korea. However, the Itaewon disaster in Yongsan-gu in 2022 caused many casualties. The study of indicators for evaluating cities' safety was necessary. This study aims to examine domestic and foreign safe city models and review the differences between each model and the indicators used to evaluate safe cities. As a result of collecting 11 safe city models and analyzing each evaluation index, safe city models can be classified into program-based safe city models, such as the World Health Organization's International safe community and the UN Office for Disaster Risk Reduction's International Safe city. Considering the diversification of threats to safety, it is reasonable to comprehensively consider digital security, health safety, infrastructure safety, personal safety, environmental safety, traffic safety, fire safety, crime safety, life safety, suicide, and infectious diseases when evaluating safe cities as evaluation parameters.

• Journal of the Korean Institute of Landscape Architecture
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• v.52 no.1
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• pp.87-100
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• 2024

This study aimed to investigate the impact of the quality of the street environment in residential areas on the mental health of urban residents, considering the frequency of street use. Using a zero-inflated negative binomial regression model, the study analyzed the influence of walking frequency and the street environment on depressive symptoms of urban residents. The research focused on Seoul, South Korea, in 2017, with depressive symptoms as the dependent variable and street environment variables, walking variables, and individual characteristics as independent variables. Additionally, the study explores the interaction effect of street greenery and walking frequency to analyze the synergistic impacts of walking in green spaces on mental health. The findings indicate that a higher ratio of street green areas is associated with fewer depressive symptoms. Increased walking frequency is linked to a reduction in depressive symptoms or a weaker manifestation of such symptoms. The interaction effect confirms that more frequent walking in green spaces is associated with weaker depressive symptoms. Lower ratios of visual complexity are correlated with reduced depressive symptoms. This study contributes to addressing urban residents' mental health issues at the community level by emphasizing the importance of the street green environment in residential areas.

• Journal of the Korean Geotechnical Society
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• v.40 no.1
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• pp.47-54
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• 2024

In current slope stability analysis techniques, slope stability is evaluated based on the saturated-soil theory. However, soil-water characteristics change frequently depending on the climate. Therefore, because the saturated soil theory has limitations, the application of the unsaturated soil theory is necessary for slope stability. It is also important to evaluate the engineering properties of unsaturated soil because the capillary absorption capacity is reduced due to heavy rain, thereby causing a reduction in slope stability. In this study, soil-water characteristic tests were performed using four samples with different fine contents (0%, 10%, 20%, and 30%) using granite-weathered soil in domestic production areas. In particular, to consider the previously conducted drying process as well as the evaluation of stability due to heavy rain on the actual slope, a wetting process was conducted, in which the water content was increased. In addition, the van Genuchten (1980) model, which is the most consistent theoretical equation for the experiment, was used with various theoretical equations, and the parameters were analyzed according to the fine content of the granite-weathered soil for the drying and wetting processes.

• Applied Chemistry for Engineering
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• v.35 no.1
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• pp.16-22
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• 2024

Polymer electrolyte membrane fuel cells have the advantage of low operating temperatures and fast startup and response characteristics compared to others. Simulation studies are actively researched because their cost and time benefits. In this study, the resistance of water residual in the gas diffusion layer (GDL) of the unit cell was added to the existing equation to compare the actual data with the model data. The experiments were conducted with a 25 cm² unit cell, and the samples were separated into stopping times of 0, 10, and 60 minutes following primary impedance measurement, activation, and polarization curve data acquisition. This gives 0, 10, and 60 minutes for the residual water in the GDL to evaporate. Without the rest period, the magnitude of the performance improvement was not significantly different at the same potential and flow rate, but the rest period did improve the performance of the membrane electrode assembly when measuring impedance. By changing the magnitude of the resistance reduction to an overvoltage, the voltage difference between the fuel cell model with and without residual water was compared, and the error rate in the high current density region, which is dominated by concentration losses, was reduced.

• Journal of Korean Society of Disaster and Security
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• v.16 no.4
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• pp.157-164
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• 2023

The estuary dam is a structure installed and operated in a closed state except when flood event occurs to prevent inland saltwater intrusion and secure freshwater supply. However, the closed state of dam leads to issues such as eutrophication, so it is necessary to examine the extent of saltwater intrusion resulting from the opening of sluice gates. Groundwater, due to its subsurface conditions and slow flow characteristics, is widely analyzed using numerical models. OpenGeoSys, an open-source software capable of simulating Thermal- Hydraulic- Mechanical- Chemical phenomena, was adopted for this study. Simulations were conducted assuming natural flow conditions without dam and operating considering busy farming season, mostly from March to September. Verification of the model through analytical solutions showed error of 3.7%, confirming that OpenGeoSys is capable of simulating saltwater intrusion for these cases. From results simulated for 10 years, considering for the busy farming season, resulted in about 46% reduction in saltwater intrusion length compared to natural flow conditions, approximately 74.36 m. It may be helpful to make choices to use groundwater as a water resource.

• Journal of Korean Society of Disaster and Security
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• v.16 no.4
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• pp.19-31
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• 2023

According to the climate change scenarios, the intensity of typhoons, a major factor in Korea's natural disaster, is expected to increase. The increase in typhoon intensity leads to a rise in wave heights, which is likely to cause large-scale disasters in coastal regions with high populations and building density for dwelling, industry, and tourism. This study, therefore, analyzed observation data of the Donghae ocean data buoy and conducted a numerical model simulation for wave estimations for the typhoon MAYSAK (202009) period, which showed the maximum significant wave height. The boundary conditions for wave simulations were a JMA-MSM wind field and a wind field applying the typhoon central pressure reduction rate in the SSP5-8.5 climate change scenario. As a result of the wave simulations, the wave height in front of the breakwater at Sokcho port was increased by 15.27% from 4.06 m to 4.68 m in the SSP5-8.5 scenario. Furthermore, the return period at the location of 147-2 grid point of deep-sea design wave was calculated to increase at least twice, it is necessary to improve the deep-sea design wave of return period of 50-year, which is prescriptively applied when designing coastal structures.

• Korean Journal of Radiology
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• v.20 no.5
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• pp.830-843
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• 2019

Objective: To examine the potential of intravoxel incoherent motion (IVIM) and blood oxygen level-dependent (BOLD) magnetic resonance imaging for detecting renal changes after iodinated contrast-induced acute kidney injury (CI-AKI) development in a diabetic rabbit model. Materials and Methods: Sixty-two rabbits were randomized into 2 groups: diabetic rabbits with the contrast agent (DCA) and healthy rabbits with the contrast agent (NCA). In each group, 6 rabbits underwent IVIM and BOLD imaging at 1 hour, 1 day, 2 days, 3 days, and 4 days after an iohexol injection while 5 rabbits were selected to undergo blood and histological examinations at these specific time points. Iohexol was administrated at a dose of 2.5 g I/kg of body weight. Further, the apparent transverse relaxation rate (R2^*), average pure molecular diffusion coefficient (D), pseudo-diffusion coefficient (D^*), perfusion fraction (f) were calculated. Results: The D and f values of the renal cortex (CO) and outer medulla (OM) were significantly decreased compared to baseline values in the 2 groups 1 day after the iohexol injection (p < 0.05). A marked reduction in the D^* values for both the CO and OM was also observed after 1 hour in each group (p < 0.05). In the OM, a persistent elevation of the R2^* was detected for 4 days in the DCA group (p < 0.05). Histopathological changes were prominent, and the pathological features of CI-AKI aggravated in the DCA group until day 4. The D, f, and R2^* values significantly correlated with the histological damage scores, hypoxia-inducible transcription factor-1α expression scores, and serum creatinine levels. Conclusion: A combination of IVIM and BOLD imaging may serve as a noninvasive method for detecting and monitoring CI-AKI in the early stages in the diabetic kidney.