• 제목/요약/키워드: Economic efficiency index

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Influence of Internal and External Factors on the Inventory Turnover Change Rate (기업 내부적 및 외부적 요인이 재고자산회전율 변화율에 미치는 영향)

  • Seo, Yeong-Bok;Park, Chan-Kwon
    • Journal of Convergence for Information Technology
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    • v.11 no.9
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    • pp.94-108
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    • 2021
  • This study is to identify the internal and external factors of a company that can affect the rate of change in the inventory turnover ratio. In addition, by appropriately managing or responding to these factors, changes in the inventory turnover ratio do not occur abruptly, so that the company's business and financial performance can be improved. To confirm this, factors such as gross profit margin, cash flow volatility, advertising expenses, inflation, exchange rate rise, and leading economic index were selected, and these factors were predicted to affect the change rate of inventory turnover. Data of 85,878 companies were obtained from domestic securities listings, KOSDAQ listings, and externally audited companies, and multiple regression analysis was performed using the data. Gross profit margin and cash flow volatility have a significant positive (+) effect, advertising expenses have a negative (-) significant effect, and inflation and exchange rate rises have a negative (-) significant effect. As an influence, the leading economic index was tested to have a significant positive (+) effect. Through this, it is suggested that manufacturing companies can improve their business performance and achieve operational efficiency by well understanding and appropriately managing factors that can affect the change rate of inventory turnover.

Estimation of Breed and Environmental Effects on Economic Traits of Performance-Tested Pigs (검정소 검정돈의 품종 및 환경요인의 효과 추정)

  • Park, J.W.;Kim, B.W.;Kim, H.C.;Lee, K.W.;Choi, C.S.;Kang, W.G.;Hong, S.K.;Ha, J.K.;Jeon, J.T.;Lee, J.G.
    • Journal of Animal Science and Technology
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    • v.45 no.6
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    • pp.923-932
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    • 2003
  • This study was carried out to estimate the effects of breed and environment such as sex, test station, test year, test season, parity, initial and final weight on average daily gain, age at 90kg, backfat thickness, feed efficiency, lean percent and selection index on the basis of the performance data collected from 25,790 pigs of Duroc, Yorkshire and Landrace breeds which were performance-tested at the Korea Swine Testing Station from 1991 to 2002. The results obtained in the study are summarized as follows; 1. The means of the major economic traits were estimated as 959.95${\pm}$0.699g for average daily gain, 138.36${\pm}$0.072days for age at 90kg, 1.41${\pm}$0.001cm for backfat thickness, 2.33${\pm}$0.001 for feed efficiency, 56.71${\pm}$0.018% for lean percent and 221.65${\pm}$0.113 for selection index. 2. The effect of breed was statistically significant for all studied traits. Briefly, Duroc showed the best performance for the average daily gain and age at 90kg. Landrace had the best performances for the backfat thickness and lean meat percent. In feed efficiency and selection index, Yorkshire had a better score than other breeds. 3. The least-squares means of female and male for the traits studied were 923.05${\pm}$1.289g and 974.53${\pm}$0.856g for average daily gain, 139.74${\pm}$0.145days and 137.21${\pm}$0.097days for age at 90kg, 1.49${\pm}$0.002cm and 1.39${\pm}$0.002cm for backfat thickness, 2.43${\pm}$0.002 and 2.28${\pm}$0.002 for feed efficiency, 56.43${\pm}$0.034% and 56.81${\pm}$0.023% for lean percent and 211.37${\pm}$0.194 and 224.61${\pm}$0.129 for selection index. Therefore, males were superior to females for all traits examined. 4. The effect of test station was statistically significant for all traits except for selection index. Performances for age at 90kg, backfat thickness, feed efficiency and lean meat percent collected from Test station 2 were higher than those from Test station 1. However, Test station 1 showed better average daily gain. 5. The initial weight and final weight included as a covariate in this study had a significant influence on average daily gain, age at 90kg, backfat thickness, feed efficiency and selection index. From the absolute values of the estimated regression coefficients, it was inferred that the final weight had greater effect for the investigated traits than the initial weight.

Exploring an Equitable Allocation Framework for Domestic GHG Emissions Reduction (온실가스 감축 할당의 형평성 분석)

  • Lee, Sang-Youp
    • Journal of Environmental Policy
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    • v.10 no.2
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    • pp.21-44
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    • 2011
  • It is important to consider an equitable allocation framework for domestic GHG emission reduction. First, the study established criteria and indicators for the National Allocation Plan (NAP) based on the principles of cost-efficiency and social-acceptance, and performed a case study of the sectoral effort sharing method, using the effort sharing index. The equity analysis of effort sharing based on sectoral preferences and inter-sectoral equity using a Lorenz Curve are performed. The equitable method is more likely to be suitable than the economic one which considers just reduction potential. Equitable effort sharing reflects a higher level of equity than economic effort sharing. At the same time, the equitable effort sharing method is essential for reflecting equity and establishing criteria for equity because evaluation with the equitable effort sharing method depends in particular on the weight of equity criteria. The result suggests the importance of consideration of equity and the establishment of equity criteria. In conclusion, it is critical to consider not only cost-efficiency but equity in policy decision making in terms of the sectoral effort sharing for national GHG reduction target.

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Evaluation and Comparison of Meteorological Drought Index using Multi-satellite Based Precipitation Products in East Asia (다중 위성영상 기반 강우자료를 활용한 동아시아 지역의 기상학적 가뭄지수 비교 분석)

  • Mun, Young-Sik;Nam, Won-Ho;Kim, Taegon;Hong, Eun-Mi;Sur, Chanyang
    • Journal of The Korean Society of Agricultural Engineers
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    • v.62 no.1
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    • pp.83-93
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    • 2020
  • East Asia, which includes China, Japan, Korea, and Mongolia, is highly impacted by hydroclimate extremes such drought, flood, and typhoon recent year. In 2017, more than 18.5 million hectares of crops have been damaged in China, and Korea has suffered economic losses as a result of severe drought. Satellite-derived rainfall products are becoming more accurate as space and time resolution become increasingly higher, and provide an alternative means of estimating ground-based rainfall. In this study, we verified the availability of rainfall products by comparing widely used satellite images such as Climate Hazards Groups InfraRed Precipitation with Station (CHIRPS), Global Precipitation Climatology Centre (GPCC), and Precipitation Estimation From Remotely Sensed Information Using Artificial Neural Networks-Climate Data Record (PERSIANN-CDR) with ground stations in East Asia. Also, the satellite-based rainfall products were used to calculate the Standardized Precipitation Index (SPI). The temporal resolution is based on monthly images and compared with the past 30 years data from 1989 to 2018. The comparison between rainfall data based on each satellite image products and the data from weather station-based weather data was shown by the coefficient of determination and showed more than 0.9. Each satellite-based rainfall data was used for each grid and applied to East Asia and South Korea. As a result of SPI analysis, the RMSE values of CHIRPS were 0.57, 0.53 and 0.47, and the MAE values of 0.46, 0.43 and 0.37 were better than other satellite products. This satellite-derived rainfall estimates offers important advantages in terms of spatial coverage, timeliness and cost efficiency compared to analysis for drought assessment with ground stations.

Comparison of Test Standards for the Performance and Safety of Agricultural Tractors: A Review

  • Kabir, Md. Shaha Nur;Chung, Sun-Ok;Kim, Yong-Joo;Shin, Sung-Hyun
    • Journal of Biosystems Engineering
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    • v.39 no.3
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    • pp.158-165
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    • 2014
  • Purpose: The objective of this paper was to compare test standards regarding the performance and safety of agricultural tractors to identify the differences in test conditions, measurement tolerances, and test procedures. Based on the comparison, some recommendations were proposed for possible revisions or improvements to current tractor test standards. Methods: The test standards and codes of major standards development organizations (SDOs), such as the Organization for Economic Cooperation and Development (OECD), the International Organization for Standardization (ISO), the American Society of Agricultural and Biological Engineers (ASABE), EC type approval, and the board of actions of the Nebraska Tractor Test Laboratories (NTTL), were selected and analyzed. Comparison of the test standards: The ISO provides references for fuel and lubricants for tractor tests, and the OECD provides additional measurements for calculating fuel consumption characteristics during the power take-off (PTO) tests. The ISO, EC type approval, and the ASABE provide PTO protective device and the safety requirements. During drawbar power tests, seven transmission ratios are selected for fully automatic transmissions, according to the OECD. In case of hydraulic lift tests, ISO 789-2 and OECD Code 2 advise the use of a static lift force, while SAE J283 advises the use of additional dynamic lift capacity tests for a better representation of in-field operations. The OECD, the ISO, and EC type approval determine the seat index point (SIP), whereas the ASABE determines the seat reference point (SRP) for roll-over protective structure (ROPS) tests. Diversified measurement tolerances were among the braking performance test standards. The European Union (EU) has developed daily limits for vibration exposures with adaptations from ISO 2631-1. Electromagnetic compatibility evaluations are emerging of high-efficiency tractors due to the long-term conformance to electromagnetic emissions and interferences. Comparisons of tractor test standards discussed in this paper are expected to provide useful information for tractor manufacturers and standards development personnel to improve the performance and safety test standards of tractors.

Vibration Prediction and Charge Estimation in Hard Rock Blasting Site (경암층 발파현장에서 진동예측 및 장약량산정)

  • Park, Yeon-Soo;Park, Sun-Joon;Choi, Sun-Min;Mun, Soo-Bong;Mun, Byeong-Ok;Jeong, Gyung-Yul;Jeong, Tae-Hyeong;Hwang, Seung-Ill;Kim, Min-Jung;Park, Sang-Chul;Kim, Jung-Ju;Lee, Byeong-Geun
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.19 no.3
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    • pp.313-319
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    • 2009
  • The blasting has a lot of economic efficiency and speediness but it can damage to a neighbor structure, a domestic animal and a cultured fish due to the blasting vibration, then the public grievance is increased. Therefore, we need to manage the blasting vibration efficiently. The prediction of the correct vibration velocity is not easy because there are lots of different kinds of the scale of blasting vibration and it has a number of a variable effect. So we figure the optimum line through the least-squares regression by using the vibration data measured in hard rock blasting and compared with the design vibration prediction equation. As a result, we confirm that the vibration estimated in this paper is bigger than the design vibration prediction equation in the same charge and distance. If there is a Gaussian normal distribution data on the left-right side of the least squares regression, then we can estimate the vibration prediction equation on reliability 50%(${\beta}=0$), 90%(${\beta}=1.28$), 95%(${\beta}=1.64$). 99.9%(${\beta}=3.09$). As a result, it appears to be suitable that the reliability is 99% at the transverse component, the reliability 95% is at the vertical component, the reliability 90% is at the longitudinal component and the reliability is 95% at the peak vector sum component.

The biodiversity representation assessment in South Korea's protected area network (보호지역 관리를 위한 생물다양성 평가)

  • Choe, Hye-Yeong;James H., Thorne;Joo, Woo-Yeong;Kwon, Hyuk-Soo
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.23 no.1
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    • pp.77-87
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    • 2020
  • National parks and other protected areas often do not adequately protect national biodiversity because they were originally created for socio-economic and/or aesthetic values. The Korean government has committed to expanding the extent of protected areas to fulfill its commitments to the Aichi Biodiversity Convention. To do so, it is necessary to quantify the current levels of biodiversity representation within existing protected areas and to identify additional conservation needs for vulnerable species and ecological systems. In this study, we assess the proportion of species ranges found in South Korea's protected areas, for the species documented in the 3rd National Ecosystem Survey. We modeled the range distribution of 3,645 species in the following taxonomic groups; plants (1,545 species), mammals (35), birds (132), herptiles (35), and insects (1,898) using the MaxEnt species distribution model and calculated how much of each species' range is within protected areas. On average, 17.4% of plant species' ranges are represented in protected areas, while for mammals and insects an average 12.0% is currently conserved. Conservation representation for herptiles averages 9.3%, while it is 8.6% for birds. Although large proportions of species that have restricted distributions should be represented in protected areas, 17 plant species, two insects (Parnassius bremeri and Lasioglossum occidens), and one bird species (Phylloscopus inornatus) with ranges smaller than 1,000 ㎢ have less than 10% of their ranges within protected areas. Establishing specific conservation goals such as the protection of endangered species or vulnerable taxonomic groups will increase the efficiency of the biodiversity conservation strategies. In addition, lowland coastal areas are critical for biodiversity conservation because the protected areas in South Korea are mainly composed of high mountainous areas.

Effects of dietary inclusion of Moringa oleifera leaf meal on growth performance of Muscovy ducklings (Cairina moschata)

  • Assem M. Safwat;Luis Sarmiento-Franco;Enass Abd El-khalek;Bahaa M. Abou-Shehema;Osama A. Hassan;Asmaa Sh. Elnaggar
    • Animal Bioscience
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    • v.37 no.4
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    • pp.668-677
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    • 2024
  • Objective: The current experiment was performed to investigate the influence of different dietary levels of Moringa oleifera leaf meal (MOLM) on productive performance, nutrient digestibility, blood parameters, immune response, caecal microbiota, and carcass characteristics of Muscovy ducks (Cairina moschata) during 7 to 63 d of age. Methods: A total of 240 unsexed 7-d-old ducklings were distributed into five (treatment) groups; each one contained six replicates with eight ducklings each. Birds of the first group were fed basal diet without MOLM and served as control, while the other four groups were fed basal diet with 0.25%, 0.50%, 1.0%, and 2.0% MOLM inclusion level, respectively. Results: The obtained results revealed that including MOLM in the diets significantly improved body weight, body weight gain, feed conversion ratio and economic efficiency compared with the control group. Among the different MOLM inclusion treatments, increasing MOLM inclusion level decreased (p<0.05) such previous parameters. Decreasing MOLM inclusion levels in duckling diets increased (p>0.05) the digestibility of organic matter, crude protein, ether extract, and nitrogen free extract, however all MOLM treatments were significantly higher than the control group. Results also revealed that feeding ducks lower MOLM inclusion levels (0.25% or 0.50%) improved blood parameters (p<0.05) compared with the higher inclusion levels (1.0% or 2.0% MOLM) and the control group. Ducks fed different MOLM levels had significantly higher phagocyte index and activity, immunoglobulin G (IgG), IgM, total antioxidant capacity, glutathione peroxidase activity, and superoxide dismutase activity compared with control group. Conclusion: Despite the beneficial effects of all MOLM treatments on growth performance, nutrient digestibility, physiological status, and immune response of duckling, the increasing MOLM inclusion level in the diet had deleterious effects on such studied traits, consequently 0.25% was the best MOLM inclusion level in duckling diets.

Seeking for the Determinants of Entrepreneurship from National Level Data (국가 특성이 창업활동에 미치는 영향 실증 분석)

  • Kim, Hyung Jun;Min, Tae Ki;Wang, Jingbu;Schuler, Diana;Oh, Keun Yeob
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.15 no.6
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    • pp.55-65
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    • 2020
  • The purpose of this study is to empirically analyze the factors that affect start-up activities at the national level. Unlike most existing research about entrepreneurship at the individual level, this empirical analysis makes use of the total early-stage entrepreneurial activity(TEA) index at national level. This was developed by the Global Entrepreneur Monitor (GEM) as the measure for the degree of entrepreneurship of the countries. Based on the previous studies, not only national income level and unemployment rate, but also other factors including the cultural characteristics of the countries were included in our regression model. Using GEM's panel data, we found that the effectiveness of the factors depends on the stage of economic development. In particular, we found 'U-shape' relationship between the level of per capita income and entrepreneurship activity by the panel regression analysis using quadratic function. This analysis result can explicitly confirm what the existing literature have explained descriptively. Furthermore, the governmental support programs are shown to have significantly positive effects on the entrepreneurship or start-up activities in the factor-driven and efficiency-driven economies. On the contrary, those programs were not very helpful in the innovative economies. Lastly, this research suggests that the 'education and training' and the 'entrepreneurial culture' be the supportive norm for new business regardless of the economic development level.

Review of Domestic Research Trends on Layered Double Hydroxide (LDH) Materials: Based on Research Articles in Korean Citation Index (KCI) (이중층수산화물(layered double hydroxide, LDH) 소재의 국내 연구동향 리뷰: 한국학술지인용색인(KCI)에 발표된 논문을 대상으로)

  • Seon Yong Lee;YoungJae Kim;Young Jae Lee
    • Economic and Environmental Geology
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    • v.56 no.1
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    • pp.23-53
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    • 2023
  • In this review paper, previous studies on layered double hydroxides (LDHs) published in the Korean Citation Index (KCI) were examined to investigate a research trend for LDHs in Korea. Since the first publication in 2002, 160 papers on LDHs have been published until January 2023. Among the 31 academic fields, top 5 fields appeared in the order of chemical engineering, chemistry, materials engineering, environmental engineering, and physics. The chemical engineering shows the highest record of published paper (71 papers) while around 10 papers have been published in the other four fields. All papers were reclassified into 15 research fields based on the industrial and academic purposes of using LDHs. The top 5 in these fields are in order of environmental purification materials, polymer catalyst materials, battery materials, pharmaceutical/medicinal materials, and basic physicochemical properties. These findings suggest that researches on the applications of LDH materials in the academic fields of chemical engineering and chemistry for the improvement of their functions such as environmental purification materials, polymer catalysts, and batteries have been being most actively conducted. The application of LDHs for cosmetic and agricultural purposes and for developing environmental sensors is still at the beginning of research. Considering a market-potential and high-efficiency-eco-friendly trend, however, it will deserve our attention as emerging application fields in the future. All reclassified papers were summarized in our tables and a supplementary file, including information on applied materials, key results, characteristics and synthesis methods of LDHs used. We expect that our findings of overall trends in LDH research in Korea can help design future researches with LDHs and suggest policies for resources and energies as well as environments efficiently.