• Title/Summary/Keyword: economy model

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A Multiple Variable Regression-based Approaches to Long-term Electricity Demand Forecasting

  • Ngoc, Lan Dong Thi;Van, Khai Phan;Trang, Ngo-Thi-Thu;Choi, Gyoo Seok;Nguyen, Ha-Nam
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.59-65
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    • 2021
  • Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

An Empirical Study on Customer Subscription Intention and Satisfaction on Subscription-based Music Streaming Platform (구독형 음원 스트리밍 플랫폼 고객의 구독의도 및 고객만족에 대한 실증 연구)

  • Lee, Sang Hoon;Kim, Seo Young;Park, Min Seo;Kim, Youn Sung
    • Journal of Korean Society for Quality Management
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    • v.50 no.3
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    • pp.593-615
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    • 2022
  • Purpose: The purpose of this study was to explore and examine the factors influencing customer satisfaction and subscription intention in order to propose useful implication regarding subscription economy model. Methods: This study adopts the extended Unified Theory of Acceptance and Use of Technology model (UTAUT2) as the theoretical framework. On the basis of literature review, this study suggested 9 related hypothesis. To examine the hypothesis proposed, the study designed surveys with 32 questions and 456 answers were collected for the analysis. The study adopted a structural equation model and path analysis, using AMOS and SPSS programs. Results: The results of this study are as follow: All hypothesis except performance expectancy and effort expectancy have significant influence on customer satisfaction. Performance expectancy and effort expectancy have no significant influence on customer satisfaction and facilitate condition is significant but negatively associated with customer satisfaction. Conclusion: Result of this study is expected to suggest data regarding subscription economy and customer satisfaction for business with subscription model. In detail the result implies that highly sophisticated curation system would create more customer satisfaction and subscription intention rather than how a subscription-based platform is easily used. Moreover, curation system of subsription-based music platform should function with high accuracy on recommendation in a creative visual form in order to gain comparative advantage while most platforms have built own curation service.

Analysis on Telecom Industry's Contribution to the National Economy in Korea (통신서비스산업의 국민경제 기여도 분석에 관한 연구)

  • Jo, Sung-Han;Park, Tong-Jin
    • The Journal of Information Systems
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    • v.16 no.1
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    • pp.47-64
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    • 2007
  • The telecommunication service industry plays a major role in the realization of the perfect information society in the 21st century and, has a great influence in society and culture. Using the Calculable General Equilibrium Model, we analyze the telecommunication service's economic effects on other industries as well as on the national economy. In 2001, the 8 percent increase in the telecom sales caused the 5 billion dollar increase in the GDP, which seems to continue to bring about no less than 5 billion dollar GDP increase each year until 2030. The telecom sales increase has been evaluated to have disproportionately positive effect on transmission device and audio equipment industries. In summary, the telecom sales have a positive net enぉ on the GDP and on most of the industries with a few exceptions.

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South Korea's phenomenal growth and development through Entrepreneurship: A cue for Sub-Saharan Africa (SSA)

  • Charmant, Sengabira Ndereyimana;Mahuni, Kenneth
    • Asia Pacific Journal of Business Review
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    • v.2 no.1
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    • pp.1-20
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    • 2017
  • The model of success in South Korea from a pariah state coming from the ruins of the Korean War into a member of the Organization for Economic Cooperation and Development (OECD) with a trillion dollar economy is encouraging. The Korean economic experience in terms of entrepreneurship and poverty reduction is an intriguing jig saw puzzle to researchers. This paper looks at Korean entrepreneurship history from the 1960s and how it shaped the contemporary sustainable economic development success of the Korean economy. Using a qualitative approach, the study used the Korean case study in comparison with Sub Saharan Africa to explore five powerful lessons on how the region can replicate the Korean entrepreneurship experience. The study shows that entrepreneurship was key to the radical transformation of its economy and government was instrumental in latent nurturing of Korean entrepreneurial spirit.

Fuel Economy of Ultracapacitor & Battery Hybrid vehicle Using Dynamic Programing (울트라케페시터와 배터리를 보조 에너지원으로 사용하는 하이브리드 자동차의 다이나믹 프로그래밍을 이용한 최적 연비 계산)

  • Jeon, You-Kwang;Park, Young-Il;Lee, Jang-Moo
    • 한국신재생에너지학회:학술대회논문집
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    • 2005.11a
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    • pp.537-540
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    • 2005
  • A battery is the primary energy source device presently used in hybrid electric vehicle. It can store much energy, but cannot provide enough current without inefficient units. However, an ultracapcitor can provide much current, but cannot store much energy. It will have better fuel economy by combining the two energy sources in parallel. The purpose of this paper is making the simulator of the two HEV systems. The one has only battery, the other have battery and ultarcapacitor in parallel. To compare the fuel economy, dynamic programing was used for optimization and prius was used for HEV model.

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A Pricing Scheme in Networked Computing System with Priority

  • Kim, Hyoun-Jong;Juhn, Jae-Ho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2000.10a
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    • pp.302-305
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    • 2000
  • The operation of a networked computing system (NCS), such as Internet, can be viewed as a resource allocation problem, and can be analyzed using the techniques of mathematical modeling. We define a general NCS and translate that setup into a model of an economy. The preferences of users are taken as primitives, and servers in the network are viewed as productive firms with priority input queues. Each sewer charges a rental price for its services by priority class. We characterize optimal system allocation, and derive formulae for supporting rental prices and priority premia such that the aggregated individual user demands do not exceed optimal levels and waiting-time expectations are correct. Our economic approach has the added benefit of providing a sound basis for evaluating NCS investment alternatives, using a process analogous to free entry and exit in free-enterprise economies.

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Shifting Algorithm and Response Characteristics of Torque Split Multi-Pass CVT (토크 분배방식 다경로 CVT의 변속 알고리듬과 응답특성)

  • 성덕환;김현수
    • Transactions of the Korean Society of Mechanical Engineers
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    • v.18 no.11
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    • pp.2817-2824
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    • 1994
  • A torque split type multi-pass CVT(MPC) system consiting of CVT and planetary gear train with 4 clutches was suggested to overcome the inherent inferior acceleration performance of CVT. Also, a shifting algorithm of MPC was suggested for the two driving modes : (1) power mode and (2) economy mode. By using the shifting algorithm and the MPC vehicle dynamic model, numerical simulations were performed to estimate the performance of the MPC vehicle. Simulation results showed that comparing the performance of the conventional 4-speed automatic transmission, an improvement in acceleration can be obtained by MPC for the power mode and 31% improvement in fuel economy for the economy mode.

A Systematic approach on the Urban Housewive경s subjective perception of the Family Economy Contribution (도시주부의 주관적 가정경제기여감에 대한 체계적 분석)

  • 계선자;강기정
    • Journal of Family Resource Management and Policy Review
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    • v.2 no.2
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    • pp.21-37
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    • 1998
  • The purpose of this study was to investigate the hypothesijed a causal model of sujective perception of contribution to the family economy utilijing system theory. The major findings of this study were as follows. 1) The mean score of respondent’s personal subsystems were 3.62 out of 5. And the family solidarity was affected by the following variables in order : housewives’ age, income, type of occupation, degree of resourcefulness recognition, job satisfaction, control orientation, and information utilization. 2) The mean score of managerial subsystems were 3.68 out of 5. And The financial management of housewives was affected by the following variables. in order: housewives’ type of occupation, degree of resourcefulness recognition, control orientation, information utilization. 3) The mean score of housewives’subjective perception of Economic Contribution to the Family was 3.36 out of 5. The sujective perception of contribution to the family economy of the employed housewives were greater than unemployed housewives. 4) It was found that managerial subsystems had mostly effected on sujective perception of economic contribution to the family.

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Price and Distance Effects on Mexican Cross-Border Shopping:Implications for a Borderlands Economy

  • Arthur L. Silvers;Kim, Hak-Hoon
    • Journal of the Korean Regional Science Association
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    • v.12 no.2
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    • pp.59-68
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    • 1996
  • Common belief in border regions holds that Mexican cross-border shoppers play a larger role in the regional economic base than they do and that NAFTA will provide a bigger stimulus to the regional economy than it is likely. In the regional economy than it is likely. In the first case, price elasticities are implicitly underestimated as highly inelastic and in the latter case, overestimated as highly elastic. This paper provides empirical evidence on the effects of distance and real exchange rates as price proxies on both field survey and population-imputed estimates of cross-border shopping. After estimating both distance-based and real exchange rate-based estimates of price elasticities of Mexican shopper demand for U.S. border-region goods, implications are obtained concerning the relative importance for U.S. border-regon economies of more distant Mexican markets, and the likely impacts of NAFTA.

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Optimal Monetary Policy and Exchange Rate in a Small Open Economy with Unemployment

  • Rhee, Hyuk-Jae;Song, Jeongseok
    • East Asian Economic Review
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    • v.18 no.3
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    • pp.301-335
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    • 2014
  • In this paper, we consider a small open economy under the New Keynesian model with unemployment of Gal$\acute{i}$ (2011a, b) to discuss the design of the monetary policy. Our findings can be summarized in three parts. First, even with the existence of unemployment, the optimal policy is to minimize variance of domestic price inflation, wage inflation, and the output gap when both domestic price and wage are sticky. Second, stabilizing unemployment rate is important in reducing the welfare loss incurred by both technology and labor supply shocks. Therefore, introducing the unemployment rate as an another argument into the Taylor-rule type interest rate rule will be welfare-enhancing. Lastly, controlling CPI inflation is the best option when the policy is not allowed to respond to unemployment rate. Once the unemployment rate is controlled, however, stabilizing power of CPI inflation-based Taylor rule is diminished.