• Title/Summary/Keyword: open market

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Bidding Strategies with the Opportunity Cost of Reactive Power in a Competitive Market (무효전력 기회비용을 반영한 전력시장 입찰전략 연구)

  • 이광호
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.1
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    • pp.67-72
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    • 2004
  • This paper addresses the bidding strategies of generating firms in a competitive market where the firms are provided with payment for generating reactive power. Reactive support for voltage control is an integral and critical part of power system operations. Since reactive support is unbundled in a competitive market under open access transmission, it is treated as one of ancillary services. The operation costs and opportunity costs for reactive support are compensated by payment to the firms, hence their bidding strategies will be affected. The opportunity costs are evaluated from the foregone profits of a generator in making sales in real power market by providing reactive support instead of real power. Game theory approach is used to analysis the transaction strategies of real power by the bimatrix method in this paper. Through computing the Nash equilibrium in a sample system, an incentive of a generator for improving the reactive generating capacity is found to be effective and the variations of the profits are analyzed as the demand power factor changes.

A Study on Promoting the Image of Korean Traditional Costume -Focusing on Lee Young Hee′s International Collections- (한국 전통복식이미지 제고에 관한 연구 -이영희의 세계무대 진출을 중심으로-)

  • 류지효;김용서;배수정
    • Korean Journal of Human Ecology
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    • v.4 no.1
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    • pp.121-133
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    • 2001
  • The purpose of this thesis is to investigate the way how the image of Korean costume could be introduced into the world fashion market, and appreciated by foreigners. For this purpose. 1 focus on analyzing the works of Lee, Yong-Hee presented in Pret-a-Porter Paris Collection and interpreting the image of Korean costume in her works. I propose some imperative factors essential to promote the participating of Korean costume into the world fashion market. Firstly. the Korean costume should be reevaluated and moderated in a degree, to be acceptable or accessible to foreigners. Secondly, the commerciality is to be stressed in the light of fashion industry dealing with the practical function of the costume. Thirdly, Our open-mindness to other culture would also make our costume to be more prevalent in world fashion market paradoxically. The Seoul Collection in 2000 fall was opened by Korean government on the recognition that the fashion industry is highly productive and helpful not only in cultural basis but in economics.

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Regulation and Cooperation of of e-Commerce Market in China (중국의 전자상거래시장 규제동향과 동북아 지역협력방안)

  • Yun, Kwang-Woon
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.17
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    • pp.197-224
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    • 2002
  • This paper aims to analyze the status and prospects of chinese e-commerce, review previous literature, and provide future direction for cooperation with far east asian area This study deals with the reform, the open and entering WTO of China economy to suddenly change domestic IT industry, legal regulation of Chinese e-commerce market and cooperation with far east asian area. Especially, Chinese e-commerce market is much developed in recently, but relative legal system is unsatisfactory. Therefore this paper research firstly the present conditions and characteristics of Chinese e-commerce market, secondly Chinese e-commerce policy and legal regulation tendency, thirdly the e-commerce activity between Korea and China, and cooperation with far east asian area.

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Multi-Service Multi-Plug-In Switching System (멀티서비스 멀티플러그인 교환 시스템)

  • 이정규;김영부
    • Proceedings of the IEEK Conference
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    • 1999.06a
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    • pp.145-148
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    • 1999
  • The ability to rapidly create and deploy new and novel services in response to market demands will be the key factor in determining the success of the future service provider. This goal may be approached from different directions. One of them is an open interface making the functionalities of a network element programmable and usable by outside entities. In this paper, we describe several aspects of this new, hot technical area and introduce related standard activities. In addition, we present a new switching system called MSMP (Multi-Service Multi-Plug-In), which is based on the open programmable interface concept, and describe its architecture and main functionalities of its components.

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Discussion : Exploring New Identity of Statistics (토론 : 통계학, 새로운 모습의 탐색)

  • 허명희
    • The Korean Journal of Applied Statistics
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    • v.12 no.1
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    • pp.309-313
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    • 1999
  • To overcome current hardship during recent years of university reform, statistics departments of Korean universities should form a new shape with efficient strategies: First, they should value interdisciplinary and open education to foster scientific generalists rather than specialists (Bode.Mosteller.Tukey.Winsor, 1949). Second, they should work out on developing curriculum and improving educational quality for non-statistics majors (Ahn.Cho.Huh, 1994). The service market is widely open and its value is certainly worthy. Third, they may change their department name from "statistics", of which the social image is not quite right, to "data science" or "data information". Statistics is a field of learning on data methodology (Friedman, 1997). methodology (Friedman, 1997).

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The Effect of Open Innovation and Organizational Learning on Technological Competitive Advantage in Venture Business (개방형 혁신과 조직학습 특성이 벤처기업의 기술경쟁우위에 미치는 영향)

  • Seo, Ribin;Yoon, Heon Deok
    • Knowledge Management Research
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    • v.13 no.2
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    • pp.73-93
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    • 2012
  • Although a wide range of theoretical researches have emphasized on the importance of knowledge management in cooperative R&D network, the empirical researches to synthetically examine the role of organizational learning and open innovation which influence on the performance of technological innovation are not enough to meet academic and practical demands. This study is to investigate the effect of open innovation and organizational learning in venture business on technological competitive advantage and establish the mediating role of organizational learning. For the purpose, the questionnaires, made based on the reviewing previous researches, were collected from 274 Korean venture businesses whose managerial focus is on developing technological innovation. As a result of analysis, the relational dimensions of open innovation - network, intensity and trust shared by a firm with external R&D partners - as well as the internal organizational learning system and competence have positive influence on building technological competitive advantage whose sub-variables are technological excellence, market growth potential and business feasibility. In addition, it is identified that organizational learning has the mediating and moderating effect in the relationship between open innovation and technological competitive advantage. These results imply that open innovation complements and expend the range of limited resources and the scope of innovation in technology-intensive small and medium-sized enterprises. Besides, organizational learning activity reinforces the use of knowledge and resources, obtained from external R&D partners. On the basis of these results, detailed issues and discussion were made in the conclusion.

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A Study on the Impact Factors of Open Innovation Performance According to the First-mover Companies and the Follower Companies (선도기업과 후발기업에 따른 개방형 혁신활동이 기업성과에 미치는 영향에 관한 연구)

  • Cho, Yo Han;Lee, Dae Chul;Lim, Gyoo Gun
    • Journal of Information Technology Applications and Management
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    • v.20 no.2
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    • pp.39-56
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    • 2013
  • There have been many studies that open innovation activities have positive effects on firm performance. However, the previous studies have shown conflicting results, depending on the characteristics of companies or the timing of the product launch. This study empirically compares open innovation performance of first-mover companies and follower companies. The analyses are performed on the samples of the Korean Innovation Survey 2010 companies that explored external information and performed R&D cooperation. The results indicate that open innovation activities can have different effects depending on a company's status in the market. For the first-mover companies, the intensity of utilizing external information has greater impact on the firm's performance than the diversity of it. By contrast, for the follower companies, the diversity of utilizing external information has greater impact on the firm's performance than the intensity of it. In terms of R&D cooperation, the external cooperation is found not to have significant effects on a first-mover company's performance. However, external R&D cooperation of a follower company is showing positive impact on the firm's performance. The implication of the study is to analyze the firm's Open-Innovation performance by comparing first-mover companies with follower companies. Therefore, companies need to execute the Open-Innovation strategy by considering firm characteristics or the timing of the product launch.

A Study on the Spatial Characteristic of Yokohama Foreign Concession in the end of 19th Century (19세기 말 요코하마 외국인거류지의 공간특성 연구)

  • Song, Hye-Young;Kim, Do-Yeon;Yoo, Jae-Woo
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.34 no.1
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    • pp.63-70
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    • 2018
  • The foreign concession of Yokohama was the first downtown formed through the open port of Yokohama. It became a stepping stone to the center of the market economy. Yokohama was regarded as the turning point of modernization in Japanese history and it reached the high light of modern city in Japan. In the nineteenth century the term "open port" which occurred in East Asia was directly connected with modernization. Nevertheless, there is not many researches on architectural history about the central space of the open port city. As the method of research, we examine the parcels and spatial changes that are based on the contents of maps and pictures in terms of architectural history. For the foreign concession that was set up in Yokohama and the first open port in Japan, the spatial scope was set for certain and the temporal range was also set from the setting of the concession in 1859 to the abolition in 1899. The purpose of this study is to consider the future research related to the study of the open port city from the perspective of comparative historical research.

Development of Real time Linux-based Open Architecture Controller (리얼타임 리눅스기반 개방향제어기 개발)

  • 조영준;강희석;김영진;강성복;서연곤
    • Journal of Institute of Control, Robotics and Systems
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    • v.9 no.10
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    • pp.816-821
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    • 2003
  • In the manufacturing industries, agility and flexibility are the key issues to meet the various market demands. From this point of view, open architecture control has many advantages. This paper suggests a real-time Linux-based open architecture controller. Linux-based and windows-based controllers are compared in several aspects, and Linux is shown to be advantageous over the windows. With the user friendly GUI, the suggested controller is applied to the X-Y stage which is made of two linear motors. Path following and repeatability performances are successfully observed, which shows the validity of the suggested controller.

The Effects of Coupled Open Innovation of Small- and Medium-sized Enterprises on Firm Performance: Focusing on R&D and Non-R&D Innovation Cooperation Activities (중소기업의 결합형 개방형 혁신이 기업성과에 미치는 효과: R&D 및 R&D 이외의 혁신협력활동을 중심으로)

  • Ji-Hoon Park;Jungwoo Lee
    • Knowledge Management Research
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    • v.23 no.4
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    • pp.177-205
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    • 2022
  • Small- and medium-sized enterprises (SMEs) have strong incentives to engage in open innovation to enhance innovation efficiency and effectiveness due to their 'liability of smallness.' Previous research examined the performance effects of various open innovation practices, but whether coupled open innovation practices positively affect SMEs' firm performance is somewhat controversial. To resolve the issue, this study examined the effects of coupled open innovation activities on SMEs' firm performance using Heckman's two stage model to control endogeneity of the firms' self-selection bias in open innovation engagement. This study used the Korean Innovation Survey (KIS) 2020 collected by the Science and Technology Policy Institute (STEPI), and tested the effects of SMEs' coupled open innovation activities, R&D and non-R&D cooperation, on their innovative and financial performance indicators. The results showed that SMEs' R&D cooperation positively affects the new-to-market (NTM) product innovation only. Moreover, SMEs' non-R&D cooperation has positive effects on the product innovation, business process innovation, new-to-the-market product innovation, and new-to-firm (NTF) product innovation. However, the results showed that both R&D and non-R&D innovation cooperation activities have no significant effects on SMEs' financial performance indicators. This study contributes to research on SMEs' open innovation and provides insights for SMEs' managers and policymakers.