• Title/Summary/Keyword: Economy of Scale

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A Study on Efficiency Estimation of Aquaculture : the Case of the Korean Seaweed Farms (해조류 양식업 규모의 효율성 추정에 관한 연구 - 부산 기장지역 미역양식을 중심으로 -)

  • Seo, Ju-Nam;Song, Jung-Hun
    • The Journal of Fisheries Business Administration
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    • v.40 no.1
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    • pp.1-26
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    • 2009
  • The aquaculture management considers the maintenance of households lifehood more than profit maximization. As aquaculture industry has developed enterprise farms appeared, and the small and the large scale farms coexist. The features of coexistence could be summarized as followings. First of all, the large scale farms show the higher net profit while the small scale farms show the higher profit per 1ha and the earning rate. Secondly, in the case of over 2ha, the earning rate is stable in spite of the scale expansion. Moreover, in processing method, dried seaweed occupy the biggest proportion in the small scale farms while the raw seaweed occupy the biggest proportion in the large scale farms. Lastly, the scale of farms becomes larger, the participation rate of household labor rises. This thesis analyses the efficiency of Korean seaweed farms in the way of DEA model and suggests the improvements for the efficiency management. The mean technical, pure technical and scale efficiencies were measured to be 0.88, 0.96 and 0.91, respectively. Among the 20 farms included in the analysis, 10 were technically efficient and 12 were scale efficient. In conclusion, it is shown that the aquaculture farms has been becoming the form of coexistence. This appearance results in the effort for reducing the cost in the small scale farms and in profit maximization in the large scale farms. On the other hand, middle scale farms is inefficient compared with the small or large scale farms. Therefore, in order to achieve the efficiency, it is necessary to accomplish economy of scale by extending farm size or to cut expenses by reducing farm area. In other word, the efforts for achieving the efficiency is required in a different direction in spite of the same scale.

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The Impact of Building Types on Fire Damage by Month

  • Yi, Kyoo-Jin
    • Journal of the Korea Institute of Building Construction
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    • v.19 no.6
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    • pp.567-575
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    • 2019
  • Statistics show that while the number of fires has decreased over the last decade, losses of human life and economic property due to fire have increased. Moreover, the number of large-scale fires that have occurred in recent years has resulted in heightened public anxiety. This study aims to identify a specific period of the year most vulnerable to fire, and fire trends, such as damage of fire to humans, to the economy, and different building types. For this purpose, we analyzed human and economic damages using statistics related to fire from 2007 to 2017 and provided a monthly distribution of fire damages both to humans and to the economy by building type. We also identified the relationship between the human damage and the economy damage, and compared the economic losses per casualty by building type. The human damage in residential buildings occupied the highest portion, whereas the economic damage of industrial buildings represented more than a half of all economic damage due to fire. The economic damage per casualty was shown highest for industrial buildings and has also increased rapidly in recent years.

The Dynamic Modeling of Conflicting Issues in Public Organization : The System Simulation of Dynamic Interaction Between Environmental System and Regional Development System. (조직의 상충적 이슈에 관한 동태적 모델링 : 환경 시스템과 경제 시스템 간의 동태적 상호작용 분석과 시스템 시뮬레이션)

  • 홍민기
    • Korean System Dynamics Review
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    • v.1 no.1
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    • pp.159-183
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    • 2000
  • How to protect the environment without sacrificing the human environment and economy at the level of region is on of the most difficult issues of recent times. The dynamic Interactions between economic activities and environmental pollution control activities determine whether social welfare is increased of decreased by such activities and provides a basis for saying whether they help or hurt the economy. Bureaucratic Approach of Local government has failed, and an Impetus has arisen to develop new tools of analysis, useful for finding policy leverages focused on sustainability. This paper focus on understanding dynamic relationships between regional economic system and environmental system, and presenting possible framework for finding policy leverages in dynamic interaction behaviors. The case, selected in this study, is Nacdong river regions case, which is related many meaningful issues about sustainable development: two big metropolitan government and dwellers have different opinion with regard to construction of large scale Industrial pack, drinking water supply, and environment model consisting of three sectors: regional economy sector, river pollution and drinking water sector, environmental protection and investment policy sector Finally, this paper deal with how to link policy leverage to causal loop structure for the sustainable development of two regions.

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Corporate Governance and Long-term Corporate Survival in an Emerging Economy (신흥국 기업의 지배구조와 기업의 장기 생존)

  • Jang-Hoon Kim;Se-Yeon Ahn
    • Korea Trade Review
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    • v.46 no.3
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    • pp.65-79
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    • 2021
  • This paper investigates how corporate governance characteristics are related to long-term corporate survival in an emerging economy. We used the data of 311 companies listed on the Korean Stock Exchange (KSE) in 1979 and examined the survival chances of those companies through the IMF crisis in 1998, upon governance characteristics that are expected to increase long-term strategic orientations. We utilized Cox regression model for the analysis. The results indicate that firms with particular governance characteristics that may be tied to CEO's long-term orientations show higher long-term survivability. Specifically, the probability of a firm's long-term survival is increased when founding family ownership is sustained, the company ownership is concentrated, and the CEO is the largest shareholder. This study has significance in that it is one of initial tries to examine the impact of corporate governance on long-term corporate survival with large scale statistical analysis. Also, the study findings provide some clues as to why the portion of family firms in emerging economies is continuously increased, thus providing meaningful insights to corporate governance literature.

An Assessing of Franchisor's Firm Performance Based on Data Envelopment Analysis (DEA 분석을 통한 프랜차이즈 기업의 평가)

  • Kim, Seonmin
    • Journal of the Korea Safety Management & Science
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    • v.16 no.4
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    • pp.359-369
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    • 2014
  • Due to the severe market conditions, pre-entrepreneur seeks to start their business through franchise company. This paper, using the data envelopment analysis(DEA) method, examines efficiency of a group of franchise company in order to provide efficiency information with pre-entrepreneur. Output-oriented DEA model is applied in the investigation of efficiency, and the overall efficiency score is decomposed into pure technical efficiency and scale efficiency. The input variables selected to evaluate the efficiency are franchise deposit, franchise contribution cost and the output variables are sales and number of franchises, and length of business. The results of this paper show franchise industry have the low level of overall efficiency and the main sources of inefficiency is found technical rather than scale. As a result, this paper provides not only the current status of efficiency information of a franchise with pre-entrepreneur but also give warning when they sign-up with franchise business.

A study on Distribution of Dry Bulb Temperature and Indoor Environment Control System of Paprika Greenhouse in Summer Season (여름철, 파프리카 재배온실에서 실내환경조절 시스템과 건구온도 분포에 관한 연구)

  • Kong, S.H.
    • Solar Energy
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    • v.19 no.1
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    • pp.59-65
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    • 1999
  • The zone of greenhouse in Korea increase on a scale yearly. Particularly, greenhouse take up a important value on the agriculture economy. Greenhouse of scale, material, heating system, and drain is progressing to industrialization. The dry bulb temperature, humidity, photosynthesis and so forth are necessary to maintain environment control of greenhouse. The dry bulb temperature among them greatly affects growing of a plant. The purpose of this study is to analyzed the indoor environment control system and the characteristic of dry bulb temperature distribution on a large scale greenhouse in summer season.

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LONG-TERM STREAMFLOW SENSITIVITY TO RAINFALL VARIABILITY UNDER IPCC SRES CLIMATE CHANGE SCENARIO

  • Kang, Boo-sik;Jorge a. ramirez, Jorge-A.-Ramirez
    • Water Engineering Research
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    • v.5 no.2
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    • pp.81-99
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    • 2004
  • Long term streamflow regime under virtual climate change scenario was examined. Rainfall forecast simulation of the Canadian Global Coupled Model (CGCM2) of the Canadian Climate Center for modeling and analysis for the IPCC SRES B2 scenario was used for analysis. The B2 scenario envisions slower population growth (10.4 billion by 2010) with a more rapidly evolving economy and more emphasis on environmental protection. The relatively large scale of GCM hinders the accurate computation of the important streamflow characteristics such as the peak flow rate and lag time, etc. The GCM rainfall with more than 100km scale was downscaled to 2km-scale using the space-time stochastic random cascade model. The HEC-HMS was used for distributed hydrologic model which can take the grid rainfall as input data. The result illustrates that the annual variation of the total runoff and the peak flow can be much greater than rainfall variation, which means actual impact of rainfall variation for the available water resources can be much greater than the extent of the rainfall variation.

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Feasibility study of LFG-MGT power generation system with $CO_2$ fixation development (농작물의 $CO_2$ 고정화 연계 LFG-MGT 시스템의 타당성 연구)

  • Park, Jung-Keuk;Hur, Kwang-Beom;Rhim, Sang-Gyu
    • 한국신재생에너지학회:학술대회논문집
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    • 2009.06a
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    • pp.821-824
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    • 2009
  • LFG-MGT CHP system development project with $CO_2$ enrichment in greenhouses was introduced. LFG is produced from the anaerobic digestion of landfilled waste and it has been utilized for power/heat generation since it contains around 50% of $CH_4$. Utilization of LFG from small scale landfill is also needed as well as large scale landfill. However, due to economy of scale, it is very difficult to develop business model. In this context, combining CHP system with greenhouses is considered as feasible option for LFG utilization. LFG-MGT CHP system with $CO_2$ fixation in greenhouses has been derived as an active greenhouse gas reduction strategy, The focus of the system is beyond carbon neutral LFG utilization to neutral carbon absorption. The system is feasible in terms of direct and indirect $CO_2$ emission reduction with more economical way.

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The Relations between the Family Functioning and Interpersonal Relation Disposition - Focused High School Students in Gyeonggi South Area - (가족 기능성과 대인관계 성향과의 관계 - 경기남부지역 고등학생을 중심으로 -)

  • 최규련
    • The Korean Journal of Community Living Science
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    • v.15 no.2
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    • pp.123-135
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    • 2004
  • The purpose of this study was to examine the relations between family functioning and the interpersonal relation disposition of high school students in southern Gyeonggi province. The subjects of this study were 360 high school students. The scale of family functioning was measured using the Family Adaptability Cohesion Evaluation Scale(FACES Ⅲ) developed by Olson, et al.(1985). To measure the interpersonal relation disposition, Ahn's Interpersonal Relation Disposition Scale(IRDS) was used. The data was analyzed by using t-test, ANOVA, and multiple comparison(Duncan test). The major findings were as follows: There were significant differences in student's family functioning and interpersonal relation disposition according to school department and family economy level. There were significant differences in the interpersonal relation disposition according to gender. Where family functioning was higher, the students' interpersonal relation dispositions were more sympathetic, accepting and socially friendly, while being less rebellious and distrustful. As a result of this study, it is found that family functioning has effects on high school students' interpersonal relation disposition.

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A Study on the Fisheries financing before the Liberation of Korea (해방이전의 수산금융에 관한 연구)

  • 김경호
    • The Journal of Fisheries Business Administration
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    • v.15 no.2
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    • pp.1-23
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    • 1984
  • In fisheries financing before the liberation of Korea, the accommodation of funds through modern monetary facilities was hardly benefited to most of small-scale Korean fishermen except Japanese fishermen living in Korea and some large-scale Korean fishermen. In fact, since Korean economy was only in the beginning stage of capitalism free from natural economy in the end of Yi Dynasty, it was natural that the supply of funds should be lacked. But after the opening of ports in Korea, the external shapes in Korean society were slowly changed according as heteronomous modernization was pushed forward by means of western capitalism and the intentional invasion of Japanese was gradually weighed. Thus all kinds of fishing equipments and technique were developed by dint of modernization, and modern monetary facilities also came into being. But most of Korean fishermen were hardly benefited by modern monetary facilities. Fishermen who were faced with destitution of funds were forced to rely upon high interest loans in order to make a living or maintain fisheries, and they were severely exploited by usurers. The situation was the same in the period of Japanese imperialism. Japanese felt the necessity of advancement of Korean fisheries and established fisheries institution suitable for all kinds of colonial fisheries policy toward Korea so that they could build up the foundation according to the development of capitalism and carry out the Russo-Japanese War and the Sino-Japanese War. There were a series of bottlenecks in financing on account of the deficiency of fisheries institution in the beginning of Japanese imperialism, but the financial pressure was lightened because the arrangement of institution greatly contributed to the smoothness of fisheries financing in the latter part of it. Despite such improvement of financing, the benefit of funds could not equally reach to all the fishermen. It only reached to Japanese fishermen living in Korea and some large scale Korean fishermen. Thus most of korean fishermen could not free themselves from destitution of financing and the pressure of high interest loans. This phenomenon took place because Korean fisheries had the antinomic characteristics that financial restriction was excessive owing to the industrial speciality of fisheries, on the other hand there was a large financial demand in fisheries in the character of industry.

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