• Title/Summary/Keyword: Determinant of Efficiency

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Relative Efficiency and Productivity of Life Insurance Industry to Pre and Post-execution of Capital Market Law (자본시장법 시행 전·후 생명보험 산업의 상대적 효율성 및 생산성)

  • Kim, Mi-Kyoung;Park, Hee-Jung;Kang, Ho-Jung
    • The Journal of the Korea Contents Association
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    • v.14 no.8
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    • pp.394-405
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    • 2014
  • Purposes of this study are to find difference in efficiency, productivity change and determinants on efficiency of life insurance industry between pre and post-execution of capital market law on the basis of pre(2005-2008) and post-execution(2009-2012) data. Main results of this research are as follows. First, there was no significant difference of mean value for efficiency between pre and post execution of capital market law. Second, difference of mean value for malmquist index between pre and post execution of capital market law was statistically significant at 5% level. This imply increase in productivity for post-execution of capital market law. Third, one of the important determinant for efficiency was the weight of life planner in both pre and post-execution of capital market law. The weight of life planner had significant positive effect on efficiency.

The Efficiency and Determinants of 4 Major Container Ports in Korea (국내 주요 4대 컨테이너항만의 효율성 및 결정요인 분석)

  • Park, Ho;Kim, Dongjin
    • Journal of Korea Port Economic Association
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    • v.28 no.3
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    • pp.73-89
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    • 2012
  • As the environment surrounding ports is rapidly changing and ports competition in Southeast Asia has become more severe to secure cargo volumes, ports strive to enhance their competitiveness by improving the efficiency of operations. The operational efficiency of ports, plays a crucial role to improve a nation's. This study aims to analyze the efficiency of container port and its determinants during over five year(2006 to 2010) period using DEA-O and Tobit regression respectively. The results show that firstly, Gamman is the most efficient container terminal, followed by New Gamman container terminal and Hutchison Busan container terminal. Secondly, it is notable that the efficiency of Busan Newport is dramatically increasing, and finally, the yard productivity of the container port is only influencing determinant of all.

Genetics of Residual Feed Intake in Cattle and Pigs: A Review

  • Hoque, M.A.;Suzuki, K.
    • Asian-Australasian Journal of Animal Sciences
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    • v.22 no.5
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    • pp.747-755
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    • 2009
  • The feed resource for animals is a major cost determinant for profitability in livestock production enterprises, and thus any effort at improving the efficiency of feed use will help to reduce feed cost. Feed conversion ratio, expressed as feed inputs per unit output, is a traditional measure of efficiency that has significant phenotypic and genetic correlations with feed intake and growth traits. The use of ratio traits for genetic selection may cause problems associated with prediction of change in the component traits in future generations. Residual feed intake, a linear index, is a trait derived from the difference between actual feed intake and that predicted on the basis of the requirements for maintenance of body weight and production. Considerable genetic variation exists in residual feed intake for cattle and pigs, which should respond to selection. Phenotypic independence of phenotypic residual feed intake with body weight and weight gain can be obligatory. Genetic residual feed intake is genetically independent of its component traits (body weight and weight gain). Genetic correlations of residual feed intake with daily feed intake and feed conversion efficiency have been strong and positive in both cattle and pigs. Residual feed intake is favorably genetically correlated with eye muscle area and carcass weight in cattle and with eye muscle area and backfat in pigs. Selection to reduce residual feed intake (excessive intake of feed) will improve the efficiency of feed and most of the economically important carcass traits in cattle and pigs. Therefore, residual feed intake can be used to replace traditional feed conversion ratio as a selection criterion of feed efficiency in breeding programs. However, further studies are required on the variation of residual feed intake during different developmental stage of production.

Power based scheduling for Collaborative MIMO system (Collaborative MIMO 시스템을 위한 전력기반 스케줄링 방식)

  • Kim, Young-Joon;Lee, Jung-Seung;Baik, Doo-Kwon
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.33 no.12A
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    • pp.1209-1216
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    • 2008
  • In order to maximize spectrum efficiency and data rate MIMO(Multiple Input Multiple Output) is adopted to wireless system. OFDM-based WiMAX and LTE accommodate MIMO as mandatory technology. STC(Space Time Coding) and SM(Spatial Multiplexing) are used in downlink while in uplink C-MIMO(Collaborative MIMO) is used to improve data throughput. In this paper conventional pairing schemes, RPS(Random Pairing Scheduling) and DPS(Determinant Pairing Scheduling) are analyzed. From the analysis the performance of DPS algorithm is better than that of RPS because DPS measures orthogonal factor between paired users. However, there are potential problems such as hardware complexity and performance. To overcome the issues Power-Based Scheduling(PBS) algorithm is proposed for C-MIMO. PBS can provide higher performance compared to RPS and dramatically reduce hardware complexity compared to DPS

Customer Buying Process Based B2C Differentiation Strategy Analysis (고객 구매 프로세스 기반 B2C 차별화 전략 분석)

  • Gu, Ja-Heon;Park, U-Seong;Han, Hyeon-Su
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2007.11a
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    • pp.488-492
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    • 2007
  • In this study, we investigated how to distinguish customer delivered value to re-purchasing in fierce B2C industry. To identify key managerial variables that could distinctively impact re-purchasing, we first identified customer value proposition as per the customer buying decision process. Next, core value propositions of choice efficiency and competitive price are defined to determine vendor satisfaction during the searching stage and purchasing stage. The trust level is also introduced in the sense of reflecting confirmation to guarantee after purchase security. Then, significant managerial variables to impact on core value propositions are extracted. The resulting structural model illustrated that search convenience and quality assurance affect the choice efficiency, and re-purchase intention is strongly explained by both the vendor satisfaction and trust level. The empirical testing results also support that transaction cost reduction is key determinant of shopping at the Internet shopping mall. Furthermore, trust level should be combined to induce re-purchasing in addition to transaction cost savings.

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The Improvement of Delivery System for International Sports Complex Facility (국제종합경기 시설공사 발주방법의 개선 방안)

  • Choi Yong-Ho;Lee Soo-Yong
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2005.05a
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    • pp.107-112
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    • 2005
  • Renovation of existing sports facilities or construction of temporary ones for international complex games requires a wide variety of hundreds of sub construction projects to be awarded at the same time but there are few precedents required regarding the study of tendering process required in such cases. As award of construction contracts to build sports facilities for various international complex games is a critical determinant of fate of international complex games in the initial phase, it is very critical that adequate construction tendering process bedetermined. This research is aimed to study tendering cases for renovation or construction of critical international sports facilities to enhance efficiency of facility construction and define most reasonable tendering approach to satisfy schedule constraints often associated with international complex games and contribute to improvement of international competitiveness of their host cities and propose a direction for further development. This study also provides inputs to subsequent sports events of comparable scale to minimize trial and error.

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A Study on the Effect of the Logistics Service through e-Marketplaces (e-Marketplaces를 통한 물류서비스 성과에 관한 연구)

  • Lee, Gwang-Bae;Kim, Myeong-Su
    • Journal of Korea Port Economic Association
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    • v.21 no.4
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    • pp.239-253
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    • 2005
  • Although logistics service quality is considered an essential strategy for success and survival in today's internet environment, there are still a lot of question: what variables determine the extent of logistics service effect, how difficultly do the determinants affecting logistics service effect and how accomplish the decision making in the implementation of inter-organization information system. The purpose of this study is to examine a model to utilize the application and effect of logistics service through e-marketplaces. The results of empirical analysis are mentioned as follows; First, among the interorganization information system factors, four variables(top management support in organization characters, competitive degree in environment characters, relative advantage and information efficiency in innovation characters) have been shown to be primary determinant of the effect of logistics service quality. Second, the type of independent variable used results in a significant difference in the effect of logistics service quality. Third, Korean firms have to pursue the corporate strategy focused on logistics service quality.

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Strength Estimation Model of Resistance Spot Welding in 780MPa Steel Sheet Using Simulation for High Efficiency Car Bodies (시뮬레이션을 이용한 고효율 차체용 780MPa급 강판의 저항 점 용접 강도 예측 모델 개발)

  • Son, Chang-Seok;Park, Young-Whan
    • Journal of Power System Engineering
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    • v.19 no.2
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    • pp.70-77
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    • 2015
  • Nowadays, car manufacturers applied many high strength steels such AHSS or UHSS to car bodies for weight lightening. Therefore, a variety of applied steel sheet to car bodies increased and the needs of simulation to evaluate weldability also increased in order to reduce the cost and time. In this study, resistance spot welding simulations for DP 780 Steel with 1.0 and 1.4 mm thickness were conducted with respect to lobe curve. 2 regression models to estimate tensile shear strength were suggested and they were second order polynomial regression model and optimized second order regression model. The performance of these models was evaluated in terms of the coefficient of determinant and average error rate.

Determinants of Export Manufacturing Firm Efficiency: Focusing on R&D Intensity in a KOSDAQ-listed Firm (수출제조기업의 효율성 결정요인에 관한 분석: 코스닥 기업의 연구개발집약도를 중심으로)

  • Hwang, Kyung-Yun;Koo, Jong-Soon
    • International Area Studies Review
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    • v.20 no.2
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    • pp.63-83
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    • 2016
  • This paper examines the determinants of efficiency in a KOSDAQ-listed manufacturing firm. We use Data Envelopment Analysis (DEA) to estimate the efficiency of the export manufacturing firm. We employ two inputs (number of employees, equity) and one output (sales) in the DEA. The determinants of export manufacturing firm efficiency are estimated using the panel Tobit model. An analysis of 369 export manufacturing firms from 2013 to 2015 indicates the following results: First, the R&D intensity, the wage and salary intensity, total asset, and equity ratio each had a negative impact on both the CCR and BCC efficiency scores. However, export intensity had a negative impact on CCR efficiency scores in a KOSDAQ-listed total export manufacturing firm. Second, the R&D intensity had a positive impact on both the CCR and BCC efficiency scores, but export intensity, the wage and salary intensity, and equity ratio each had a negative impact on the CCR and BCC efficiency scores in a KOSDAQ-listed large export manufacturing firm. Third, the R&D intensity, the wage and salary intensity, total asset, and equity ratio each had a negative impact on both the CCR and BCC efficiency scores; respectively, in a KOSDAQ-listed small and medium export manufacturing firm.

A Study on the Analytical Errors of Non-proficient Laboratories Participated in Quality Control Program (작업환경측정기관의 정도관리를 통한 분석능력이 미흡한 기관들의 분석오차 유발요인에 관한 고찰)

  • Park, D.W.;Shin, Y.C.;Park, S.H.;Lee, N.R.;Oh, S.M.;Yoon, C.S.;Paik, N.W.
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.4 no.1
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    • pp.96-102
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    • 1994
  • Factors affecting non-proficient analytical ability were compared and evaluated by rating of laboratories and round. Analyst Indices between proficient and non-proficient participants were different. Coefficients of determination($R^2$) for standard of toluene, xylene and trichloroethylene of the 4th round between some proficient and non-proficient participants were significantly different(p<0.05). But, there was no difference in the 5th round. Average desorption efficiency of non-proficient participants was 88%-98%, which was lower than 96%-100% of some randomly selected proficient participants. Also non-proficient participants have a large variance of desorption efficiency, 11.79-19.69%. In the 5th round, desorption efficiency of metyl iso-butyl ketone(MIBK) reported by all participants was lower than 90% tested by NIOSH and especially low compared to other analytes. Participants evaluated to be non-proficient in the metal part have 85%-100.84% of average recovery, which was larger variance than 98% of some proficient participants. Although it is difficult to find quantitatively factors causing non-proficiency in analytical ability, pretreatement techniques and experience of analyst seems to be more important factors to produce accurate analytical result.

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