• Title/Summary/Keyword: value of time

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The Effect of Reward Channel and Reward Time of Customer Loyalty Programs for On-offline Channels -Focusing on Department Stores and Online Shopping Stores- (온-오프라인 채널에서 운영하는 고객보상프로그램의 보상채널과 보상시점에 따른 효과 분석 -백화점과 온라인 종합몰을 중심으로-)

  • Park, Minjung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.37 no.4
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    • pp.467-481
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    • 2013
  • The study examined the main effect of the reward channel and reward time of customer loyalty programs for on-offline shopping channels; in addition, it investigated the interaction effect of the reward channels and merchandise as well as the interaction effect of the reward time and merchandise. An online apparel shopping web experiment was conducted with a 2 (reward channel: online channel reward vs. offline channel reward) ${\times}2$ (reward time: immediate vs. delayed) ${\times}2$ (merchandise: online channel product vs. offline channel products) between-subject factorial design. An online shopping channel was considered the core-shopping channel and a department store was considered the cross-shopping channel. Loyalty program value, core-channel loyalty and cross-channel loyalty were measured as dependent variables. A total of 845 shoppers (who had experiences in shopping in both channels) participated in the experiment. The results of the study revealed (1) the main effect of the reward channel on loyalty program value, core-channel loyalty and cross-channel loyalty [online>offline channel rewards], (2) the main effect of reward time on loyalty program value, core-channel loyalty and cross-channel loyalty [immediate>delayed reward], and (3) the interaction effect of the reward channel and merchandise on loyalty program value, core-channel loyalty, and cross-channel loyalty. (4) Finally the study found that loyalty program value affected cross-channel loyalty indirectly through core-channel loyalty. This study suggested diverse theoretical and managerial implications for multi-channel retailers.

Real Time Monitoring of Smart Baby Bed using Sound Sensor (사운드 센서 이용한 Smart 아기 침대의 실시간 모니터링)

  • Kwon, Mi-Rae;Park, Hwa-Jung;Kim, Nam-Ho
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.05a
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    • pp.230-232
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    • 2021
  • As the ratio of double-income households and parental leave use increase, there is an increasing demand for products that help when raising children alone. In particular, there is a lot of demand for baby beds that help raise children without difficulty even by themselves. Therefore, in this paper, we propose a real-time monitoring of a smart crib using a sound sensor. The proposed bed uses a sound sensor to detect the child's crying and condition, and the measured sensor output value can be checked with a mobile application. When the sound sensor output value is more than a certain value, a voice file such as a lullaby recorded with the voice of the parents is played, and if the sensor output value is less than a certain value, the playing voice file is stopped. If the sensor output value continues to exist after a certain period of time, a pop-up notification is sent to the mobile application. This allows the child to quickly calm down with a sense of stability and comfort through the recorded voices of the parents, and the parents can remotely monitor the child's condition in real time.

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Characteristics of Micro Floc in a Rapid Mixing Step at Different Coagulant Dose (급속혼화공정에서 응집제 주입률에 따른 미세입자의 성장특성)

  • Jun, Hang-Bae;Park, Sang-Min;Park, Noh-Back;Jung, Kyung-Su
    • Journal of Korean Society of Water and Wastewater
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    • v.21 no.2
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    • pp.243-252
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    • 2007
  • Effects of alum dosage on the particle growth were investigated by monitoring particle counts in a rapid mixing process. Kaolin was used for turbid water sample and several other chemicals were added to adjust pH and ionic strength. The range of velocity gradient and mixing time applied for rapid mixing were $200{\sim}300sec^{-1}$ and 30~180 sec, respectively. Particle distribution in the synthetic water sample was close to the natural water where their turbidity was same. The number of particles in the range of $10.0{\sim}12.0{\mu}m$ increased rapidly with rapid mixing time at alum dose of 20mg/L, however, the number of $8.0{\sim}9.0{\mu}m$ particles increased at alum dose of 50mg/L. The number of $14.0{\sim}25.0{\mu}m$ particles at alum dose of 20mg/L was 10 times higher than them at alum dose of 50mg/L. Dominant particle growth was monitored at the lower alum dose than the optimum dose from a jar test at an extended rapid mixing time(about 120 sec). The number of $8.0{\sim}14.0{\mu}m$ particles was lower both at a higher alum doses and higher G values. At G value of $200sec^{-1}$ and at alum dose of 10-20mg/L, residual turbidity was lower as the mixing time increased. But at alum dose above 40mg/L and at same G value, lower residual turbidity occurred in a short rapid mixing time. Low residual turbidity at G value of $300sec^{-1}$ occurred both at lower alum doses and at shorter mixing time comparing to the results at G value of $200sec^{-1}$.

Effects of Location Based Coupon Through Smart Phone (스마트폰을 이용한 위치기반 쿠폰광고의 효과)

  • Joo, Young-Jin;Ji, Min-Seong;Lim, Jong-Hyeok
    • Journal of the Korean Operations Research and Management Science Society
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    • v.40 no.1
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    • pp.35-55
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    • 2015
  • In this research, we analyze the effects of price discounts and scarcity message (both quantity limitation message and time limitation message) on the purchase intention in the smart-phone environment. The purchase intention becomes higher at high discount rate and with scarcity message (both quantity limitation message and time limitation message). We also analyze the moderating effects of consumer's shopping value and distance between the consumer and the store on the effects of price discounts and scarcity message (both quantity limitation message and time limitation message) on the purchase intention. On average, the effects of price discount, time limitation message and quantity limitation message on the purchase intention become the highest levels for consumers pursuing hedonic shopping value. The effects of price discount, time limitation message and quantity limitation message on the purchase intention become higher when they are offered within a short distance between the coupon provider and the target customer.

Control of Real-Time Systems with Random Time-Delays

  • Choi, Hyoun-Chul;Hong, Suk-Kyo
    • 제어로봇시스템학회:학술대회논문집
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    • 2003.10a
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    • pp.348-353
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    • 2003
  • This paper considers the optimal control problem in real-time control systems with random time-delays. It proposes an algorithm which uses the linear quadratic (LQ) control method and a dedicated technique to compensate for the time-delay effects. Since it is assumed that the time-delays are unknown but the probability distribution of the delays are known a priori, the algorithm considers the mean value of the time-delays as a nominal value for random delay compensation. An example is given to show the performance of the proposed algorithm, where an inverted pendulum system is controlled over a controller-area network (CAN). Simulation results show that the proposed algorithm provides good performance results. It is shown that our algorithm is comparable to existing algorithms in both computation cost and performance.

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Speed Control of D.C Motor based on Deadbeat Response (직류 전동기의 유한 시간 정정 응답 제어)

  • Kim, Young-Seok;You, Wan-Sik
    • Proceedings of the KIEE Conference
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    • 1990.11a
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    • pp.371-374
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    • 1990
  • This paper presents the speed control of dc motor based on deadbeat response. The deadbeat response is that the output reaches the final value in the minimum possible settling time and stays there. This results demonstrate that the output reaches final value in one sampling time for the unsaturated region, and in one sampling time after getting free from the saturation state for the saturated region.

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Contemporary Chinese Households' Food Away From Home Expenditure and Becker's Household Production Theory

  • Kim Eon-Jin;Chern Wen S.
    • International Journal of Human Ecology
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    • v.6 no.1
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    • pp.17-28
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    • 2005
  • This study examines factors determining contemporary Chinese households' food away from home (FAFH) expenditures using Becker's household production theory. Data came from the 2000 urban household survey in Guangdong Province, collected by National Bureau of Statistics (NBS) of China. It was revealed that the contemporary urban Chinese wives also substitute their household work by time-saving product, FAFH, as Becker's household production theory postulated. This suggests the important role of time-value (opportunity cost) in determining household FAFH expenditure across the cultures.

A Study of Appropriate Amounts and Applicable Ranges of the Travel Time Values of Goods in Korea (우리나라 화물 시간가치의 적정 크기와 적용 가능 범위 연구)

  • Choi, Changho;Park, Dongjoo
    • Journal of the Korean Society for Railway
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    • v.16 no.5
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    • pp.418-429
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    • 2013
  • This study assesses the appropriate amounts and applicable ranges of travel time values for freight transport modes in Korea. The findings suggest that it is possible to determine appropriate sizes and applicable ranges of travel time values of goods set for road transport mode (i.e. truck), whereas those for railway, inland waterway, marine, and air transport modes are not as easily estimated. The adequate travel time value for trucks is 20,000won/vehicle hour, and the application range of travel time value of trucks is 17,000~23,000won/vehicle hour considering other variables. The most adequate estimation method of determining the travel time value for road transport is the wage rate method, whereas the marginal rate of substitution method is more rational for railway, inland waterway, marine, and air transport modes considering the application purpose and characteristics of the goods transported.

Modal Choice with Travel Time Reliability (통행시간 신뢰도를 고려한 통행수단선택모형에 관한 연구)

  • Nam, Doo-Hee;Park, Dong-Joo
    • Journal of Korean Society of Transportation
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    • v.22 no.6
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    • pp.7-16
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    • 2004
  • In mode choice decision, travelers consider not only travel time but also reliability of its modes. In this paper, reliability was expressed in terms of standard deviation and maximum delay that were measured based on triangular distribution. In order to estimate value of time and value of reliability, the Multinomial and Nested Logit models were used. The analysis results revealed that reliability is an important factor affecting mode choice decisions. Elasticity is used to estimate the impacts of the different policies and system improvements for water transportation mode. Among these policies, decision maker can assess and select the best alternative by doing the benefit and cost analysis based on a new market share, the value of time, and the value of reliability. Finally, a set of promising policies and system improvement of the water transportation were proposed.

The Relationship between Supply Chain Management Performance Metrics and Corporate Value for Firms in Korea by Using Multiple Linear Regression Analysis : Focused on Inventory and Cash-To-Cash Cycle Time (다중회귀분석을 활용한 국내 기업의 공급체인관리 성과지표와 기업 시장가치와의 상관관계 분석 : 재고와 현금화주기를 중심으로)

  • Jahng, Geum-Joo;Yang, Jae-Hwan
    • IE interfaces
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    • v.25 no.2
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    • pp.241-254
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    • 2012
  • This paper studies the relationship between SCM(Supply Chain Management) metrics and corporate value (Tobin's Q) for manufacturing and wholesale/retail firms in Korea. Specifically, the multiple regression analysis is used to investigate the relationships 1) between inventory level, inventory turns, and days of inventory and Tobin's Q and 2) between cash-to-cash (C2C) cycle time including its components such as days of inventory, days sales outstanding, and days payable outstanding and Tobin's Q. The results indicate that there exist statistically significant negative relationships between inventory levels and days of inventory (DOI) and Tobin's Q. Also, we found that there exist commonly known negative correlations between days of raw materials inventory and days of work in process (WIP) inventory and Tobin's Q. For the C2C cycle time, we found that there -exists a statistically significant negative relationship between the C2C cycle time and Tobin's Q. Also, we found that there exist commonly known correlations between the two components of C2C cycle time and Tobin's Q such as the negative for DOI and days sales outstanding. This study clearly shows the negative relationship in general between inventory levels and corporate value and between C2C time and corporate value, and this kind of result has not been found by previous studies in Korea.