• 사회경제평론
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• v.31 no.3
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• pp.131-163
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• 2018

The long-run equilibrium of an economy is a situation where all firms in the economy realize the condition of 'extra profits = 0'. The conventional partial equilibrium (PE) analysis, which is based on the assumption of 'ceteris paribus', conflicts logically with the long run equilibrium. 'Full industry equilibrium' (FIE) deals with long-run equilibrium in the framework of partial equilibrium; FIE requires the adjustment of more variables than PE. The comparative statics analysis of FIE shows that many results of the conventional PE does not hold. The present paper intends to introduce the background and significance of FIE. In its course, the paper discusses similarities and differences between FIE and the Capital Controversies of the 1960s and 1970s, and highlights the critical and constructive significances of FIE.

• Journal of the Korean Society for Precision Engineering
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• v.29 no.1
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• pp.72-78
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• 2012

In this research an equilibrium point of a Wheeled Inverted Pendulum (WIP) running on an inclined road is derived and validated by some experiments. Generally, The WIP has stable and unstable equilibrium point. Only unstable equilibrium point is interested in the research. To keep the WIP on the unstable equilibrium point, the WIP is consistently controlled. A controller for the WIP needs a reference state for the equilibrium point. The reference state can be obtained by studying an equilibrium point of the WIP. This research is deriving dynamic equations of the WIP running on the inclined road and equilibrium of it based on statics. Several experiments are carried out to show the validation of the equilibrium point.

• Korean Management Science Review
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• v.26 no.1
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• pp.1-5
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• 2009

I study a solution concept which preserves the nice Nash equilibrium properties of two-person zero-sum games, and define a locally competitive equilibrium which is characterized by a saddle point with respect to the coordinates of strategies. I show that a locally competitive equilibrium shares the properties of uniqueness of equilibrium payoffs, interchangeablity of equilibrium strategies and convexity of the equilibrium set.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.1
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• pp.20-24
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• 2008

A bid-based pool(BBP) model is representative of energy market structure in a number of restructured electricity markets. Supply function equilibrium(SFE) models of interaction better match what is explicitly required in the bid formats of typical BBP markets. Many of the results in the SFE literature involve restrictive parametrization of the bid cost functions. In the SFE models, two parameters, intercept and slope, are available for strategic bidding. This paper addresses the realistic competition format that players can choose both parameters arbitrarily. In a fixed demand function, equilibrium conditions for generation company's profit maximization have a degree of freedom, which induces multi-equilibrium. So it is hard to choose a convergent equilibrium. However, consideration of stochastic demand function makes the equilibrium conditions independent each other based on the amount of variance of stochastic demand function. This variance provides the bidding players with incentives to change the slope parameter from an equilibrium for a fixed demand function until the slope parameter equilibrium.

• The Journal of Korean Academy of Orthopedic Manual Physical Therapy
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• v.14 no.1
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• pp.15-23
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• 2008

Purpose : To evaluate the effects of elastic resistance exercise of lumbo-pelvic region and upper limbs muscle on equilibrium ability and shoulder pain of the elderly. Methods : The subject consisted of sixteen healthy elderly people(14 females. 2 males). They were from 61 to 83 years old and the mean age was 68.06. All subjects were assigned only the elastic resistance exercise group. The subject group received elastic resistance exercise for about 60 minutes per day, two times per weeks, during 8 weeks period. A Stop watch was used to measure static equilibrium ability and dynamic equilibrium ability and then pressure algometer was used to measure shoulder press pain threshold. All measurements of each subjects were measured at pre-experiment and post-experiment stage. SPSS 12.0 program was used to compile results. A Paired samples t-test was conducted to examine changes of static equilibrium, dynamic equilibrium and shoulder press pain threshold between pre-experiment and post-experiment. Results : The static equilibrium ability, dynamic equilibrium ability and shoulder press pain threshold were significantly differences between pre-experiment and post-experiment(p<.05). Conclusion : This data suggests that an eight week elastic resistance exercise improved static equilibrium ability and dynamic equilibrium ability and then reduced shoulder pain.

• Journal of the military operations research society of Korea
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• v.8 no.2
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• pp.57-68
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• 1982

Bimatrix games are the two-person non-zero-sum non-cooperative games. These games were studied by Mills, Lemke, Howson, Millham, Winkels, and others. This paper is a systematic and synthetic survey relevant to bimatrix games. Among the many aspects of researches on bimatrix games, emphasis in this paper is placed on the relation of the equilibrium set to Nash subsets. Topics discussed are as follows: Properties of equilibrium point; The structure of equilibrium set; Relation of Nash subsets to equilibrium set; Algorithm for finding the equilibrium points; Concepts of solutions on bimatrix games.

• Bulletin of the Korean Mathematical Society
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• v.50 no.2
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• pp.375-388
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• 2013

In this paper, we introduce an iterative sequence for finding solution of a system of mixed equilibrium problems and the set of fixed points of a nonexpansive mapping in Hilbert spaces. Then, the weak and strong convergence theorems are proved under some parameters controlling conditions. Moreover, we apply our result to fixed point problems, system of equilibrium problems, general system of variational inequalities, mixed equilibrium problem, equilibrium problem and variational inequality.

• Journal of applied mathematics & informatics
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• v.23 no.1_2
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• pp.183-191
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• 2007

In this paper, we introduce and study a new class of equilibrium problems, known as regularized mixed quasi equilibrium problems. We use the auxiliary principle technique to suggest and analyze some iterative schemes for regularized equilibrium problems. We prove that the convergence of these iterative methods requires either pseudomonotonicity or partially relaxed strongly monotonicity. Our proofs of convergence are very simple. As special cases, we obtain earlier results for solving equilibrium problems and variational inequalities involving the convex sets.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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• 2005.05a
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• pp.983-986
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• 2005

Free vibration characteristics of a curved pipe conveying fluid is studied when the pipe is clamped at both ends. Using the perturbation method, the non-linear governing equations divided into two parts; the steady state non-linear equilibrium equations and the linearized equations of motion in the neighborhood of the equilibrium position. The natural frequencies are computed from the linearized equations of motion. In this study, the equilibrium positions are determined by two types of equations, i.e., (1) the non-linear equations, and (2) the equations obtained by neglecting the non-linear terms. The natural frequencies obtained from the non-linear equilibrium equations are compared to those obtained from the linearized equilibrium equations. From the results, as the fluid velocity increases, the equilibrium position should be determined from the nonlinear equations for the vibration analysis of the curved pipe conveying fluid.

• 한국연소학회:학술대회논문집
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• 2001.06a
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• pp.90-98
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• 2001

Characteristics of high temperature rocket nozzle flow is discussed along with the aspects of computational analysis. Three methods of nozzle flow analysis, frozen-equilibrium, shifting-equilibrium and non-equilibrium approaches, were discussed, those were coupled with the methods of computational fluid dynamics code. A chemical equilibrium code developed for the analysis of general hydrocarbon fuel was coupled with three approaches of nozzle flow analysis. The approaches were used for the performance prediction of KSR-III Rocket, and compared with the theoretical results from NASA CEA (Chemical Equilibrium with Applications) code.