• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.555-564
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• 2020

The purpose of this study is to analyze the efficiency of research institutes of futures companies, and to promote the development of futures market and real economy. This study employs DEA-solver software to conduct super-efficiency data envelopment analysis (SE-DEA), and also selects 40 representative futures research institutes in China as decision-making units (DMUs). For data of input and output indicators, we collect from the China Futures Association, Futures Daily, Hexun.com and Webstock.com respectively, and the time duration is the 103 trading days between from October 2019 to February 2020. Then the indicator for the strategy accuracy rate is calculated separately by analyzing the strategies published by each DMUs in public media. In conclusions, most institutes have excessive investment in human resources, and also have insufficient strategy accuracy rate and insufficient published research reports. The findings of this study suggest that Chinese futures companies need to improve the efficiency of research institutes, and better meet the demand of the financial market. In fact, the analysis of the efficiency of the futures company research institute has not been found in the literature worldwide, Application of DEA model in efficiency analysis of securities and futures research institutions and establishment of indicators are the innovations of this paper.

• The Journal of Fisheries Business Administration
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• v.37 no.1 s.70
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• pp.1-24
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• 2006

Reducing fishing capacity is one of current issues in the international fisheries. This is because that increased fishing capacity has caused not only fish stocks to be depleted, but also additional fishing costs to be incurred, which resulted in reduction of economically viability of fisheries. For this reason, FAO adopted the International Plan of Action for the Management of Fishing Capacity' in 1999 and recommended member countries to estimate fishing capacity and to implement the policy to reduce fishing capacity. This study is aimed to measure fishing capacity of the Large Purse Seines Fishery that is one of offshore fisheries in Korea using both Peak - to - Peak Analysis and Data Envelopment Analysis in order to provide a policy information for preparation of domestic plan of action for the management of fishing capacity. The results of PTP Analysis were almost similar to those of DEA Analysis. The DEA results showed that the capacity utilization in 2004 was about 75%, it was obvious the capacity did not utilize enough. The sensitivity analysis on DEA results indicated that 24% of the number of ships, 26% of the tonnages, or 29% of the horse powers should be reduced if the present catch remained. In addition, if the catch remains at the MSY base level of large purse seines, the analysis suggested that the number of ships, tonnages and horse powers should be reduced by 15%, 18%, and 21% respectively.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.35 no.2
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• pp.124-131
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• 2012

본 논문에서는 Cone-ratio 가중치 제약이 DEA 단일 입력, 다중 출력(또는 다중 입력, 단일 출력)에 맞게 constant return을 하는 문제에 적용될 때 효율성을 측정하는 방법에 필요한 특성을 제안하였다. 또한 제안된 특성들을 기반으로 DEA에서의 단일 입력, 이중 출력에 대한 다중 해결 문제의 예시를 제시한 후 Cone-ratio 및 Wong과 Beasley 가중치 제약의 특성들을 도식적으로 비교 설명하였다.

• International Journal of Contents
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• v.4 no.3
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• pp.1-9
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• 2008

The Korean life insurance industry has undergone profound changes, such as the beginning of the variable insurance in July 2001 and the bancassurance enforcement in August 2003. However, little empirical research has analyzed data that includes the bancassurance of life insurance companies operating in Korea. In response to this lack of research, this paper applies DEA (data envelopment analysis) models to measure and decompose their efficiency. We discovered that life insurance companies operating in Korea are a little different in their composition ratio of inputs and outputs, due to the increased variety of distribution channels and new products. We provided efficiency scores, return to scale, and reference frequencies. We also decomposed CCR, BCC, and SBM efficiency into scale efficiency and MIX efficiency. So, we try to investigate whether the sources of inefficiency were caused by the inefficient operation of DMU, disadvantageous conditions, the difference of the composition ratio in inputs and outputs with reference sets, or any combination of the above. Most companies in the sample display had either constant or decreasing returns to scale. The efficiency rankings were less consistent among models and efficient DMUs. In response to this problem, we used the super-efficiency model to rank them and then compared the rankings of the DMUs among the various models. It was also concluded that the availability of panel data, rather than cross-sectional data, would greatly improve the validity of the efficiency estimates.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• v.22 no.6
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• pp.921-930
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• 2013

From an economic perspective, an enterprise's business activity depends on the efficient use of corporate resources for generating profits. However, on the enterprise side, it is difficult to measure and evaluate the effective use of each resource. This paper suggests an alternative for eliminating process inefficiencies in the consolidation of competitive power in auto parts manufacturing company A. Multitudinous process variables from company A's raw materials-to-shipment process are configured as input resources, and a Data Envelopment Analysis(DEA) is carried out to determine economical benefit of said resources' operation, as well as how products are manufactured. The DEA model offers a non-parametric approach to measuring relative efficiency using input and output factors. Furthermore, AHP is used for logically deciding the importance of each evaluation factor. In general, DEA models have been used for measuring efficiency of the service and public sectors. However, this study focused on measuring the efficiency of SMEs production lines.

• Proceedings of KOSOMES biannual meeting
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• 2006.11a
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• pp.245-251
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• 2006

This is paper aims to evaluate allocation order of SRU using Analytic Network Process. For evaluation, in this paper, assess about person, ship and environment related risk by fuzzy logic and AHP(Analytic hierarchy Process). Also, quantity and quality operation efficiency assess by DEA (Data Envelopment Analysis) and Liquate scale. finally total weight calculate by ANP. At the result, Rescue Units of MP, YS RCC/RSC is order higher. Thus, it needs to have more rescue ships and rescue devices for relieving the risk in the future.

• Journal of Korean Society of Rural Planning
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• v.12 no.4 s.33
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• pp.1-11
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• 2006

Recently many administrative institutes try to improve the viability of rural villages. For increasing the viability, not only infrastructures but internal vitality is necessary in rural villages. Nonetheless, most of governmental projects have been focused on infrastructures. For this reason, RDA(Rural Development Administration) designed and performed the RHL(Rural Healthy and Longevity village) project. This RHL project is not easy to evaluate the outcome because it consists of very intangible project items. In this paper, we developed a scoring model to evaluate the result of the RHL project. The scoring model based on DEA(Data Envelopment Analysis) was suggested to evaluate the quantity of personal activities in each village. Personal activities are classified into five categories: regional life, social life, productive life, outdoor life and indoor life. Evaluating indices of each category are developed and weighting values are evaluated by AHP(Analytic Hierarchy Process). The developed model was applied to Kumsan village and examined its applicability.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.20 no.6
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• pp.209-220
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• 2010

Evaluating performance in public sector aims to enhance the efficiency of organizations. Evaluating the efficiency which is the ratio between input and output, organizations set directions of improvement. This research applied Data Envelopment Analysis(DEA) useful to evaluating the efficiency of organizations in public sector. Decision Making Units(DMU) of this research are 21 Information Security Organizations of departments/agencies. As the results, the mean of efficiency score of 21 DMUs is a little more than 50%. Means of departments(8 DMUs) and agencies/committees(11 DMUs) are similar to the total efficiency score. For these results, the decision makers of the information security organizations in public sector have to strive to improve the inefficiency.

• Korean Journal of Organic Agriculture
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• v.21 no.4
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• pp.487-500
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• 2013

The purpose of this study is to estimate efficiency of environmental-friendly agricultural product by using Data Envelopment Analysis. A proposed method employs a bootstrapping approach to generating efficiency estimates through Monte Carlo simulation resampling process. The technical efficiency, pure technical efficiency, and scale efficiency measure of strawberry by pesticide-free certification is 0.967, 0.995, 0.968 respectively. However those of bias-corrected estimates are 0.918, 0.983, 0.934. We know that the DEA estimator is an upward biased estimator. In technical efficiency, average lower and upper confidence bounds of 0.807 and 0.960. According to these results, the DEA bootstrapping model used here provides bias-corrected and confidence intervals for the point estimates, it is more preferable.

• Journal of Navigation and Port Research
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• v.39 no.5
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• pp.393-399
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• 2015

Recently, the fierce competitions in the shipping industry and the global economic downturn have heavily influenced ports' operational strategies. In order for port authorities to remain competitive at an international level and to provide more accurate information to develop National policies, ports are required to analyse and improve operations' efficiency. In this paper, the efficiency of 19 Italian ports in 2013, handling different types of cargoes, is assessed through the application of Data Envelopment Analysis (DEA), with constant return to scale (CRS) and variable return to scale (VRS). The purpose of this study is to analyze the efficiency of Italian ports and evaluate whether differences in size and specialization of each port (or cargo handled) are directly correlated with ports' efficiency.