• Title/Summary/Keyword: Growth Efficiency

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An Analysis on the Causal Relation Between Electricity Consumption and GDP by industries in KOREA (한국의 산업별 전력소비와 경제성장간 인과관계 분석)

  • Park, Min Hyug;Roh, Geon Ki;Lee, Seung Eun
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.30 no.3
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    • pp.39-45
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    • 2016
  • In these days global energy policy is changed from "supply" to "demand". In this regards, there are needs to analysis on effect of policy such as energy efficiency strategy, electricity rates. This study examines the relationship between energy consumption reduced by new energy policy and GDP growth for each industrial sector for Korea from 1970 to 2013. With respect to the direction of causality, energy use of 1th industry like agriculture and mining leads to GDP growth. On the other hand, GDP growth of 2nd industry, manufacturing, leads to energy use. And there is bidirectional causality in 3rd industry, service sector. These findings imply that the government policies aimed at reducing electricity consumptions and increasing energy efficiency should be progressed cautiously depend on status of each industry condition.

Data Envelopment Analysis of Managerial Efficiency of China, Korea and Other Global Retail Distributors (자료포락분석을 이용한 중국·한국·글로벌 소매유통업체 경영효율성 분석)

  • Wang, Peng;Kim, Moon-Hong
    • Journal of Distribution Science
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    • v.16 no.5
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    • pp.91-101
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    • 2018
  • Purpose - This study compares the management efficiency of retailers in China, Korea and other global countries. China's retail industry is experiencing a recession. In order to strengthen the competitiveness of retailers, it is necessary to manage the efficiency. Therefore, we analyzed the management efficiency of Chinese retailers as well as Korea and global retailers who are competing with Chinese retailers. Research design, data, and methodology - The DEA(Data Envelopment Analysis) carried out for evaluating the relative efficiency of multiple DMUs (decision making units) with homogeneity. Data were collected from the American Retail Trade Association (2017). In those distributors' data, 5 of China and 5 of Korea and 10 of other global countries' analyzed. CCR and BCC analysis were performed to determine the cause of the inefficiency of DMUs by measuring the technical efficiency, pure technology efficiency and scale efficiency. Result - Among the 20 retail distributors, Costco, Kroger (Global), Eland World, BGF(Korea) are operating efficiently. Chinese retailers are operating inefficiently. Retailers' CRS status means the growth rate of input is equal to the growth rate of output. In the case of DRS status, the ratio of output to input variable is much smaller. In order to improve inefficiency, reducing input variables can be a solution. For the firms in IRS status, the rate of increase in output is relative greater than the input. That means efficiency is good condition. The analysis result shows that most retailers are showing DRS status especially Chinese retailers. Scale efficiency is a major cause of inefficiency rather than pure technology efficiency. It is recommended for ineffective retailers to reduce inputs to become efficient retailers. Otherwise, retrain existing employees or introducing advanced technologies to increase the output. Conclusions - Most of Chinese retailers are operating inefficiently which caused by the excessive investment in the inputs. On the other hand, Other global retailers are analyzed to be efficient by DEA. In this study, benchmarking targets of some retailers' suggested to improve the management efficiency especially in inputs.

Effects of a Stair-step Growth Pattern on Improvements in Meat Quality and Growth in Hanwoo Steers

  • Li, Z.H.;Lee, H.G.;Xu, C.X.;Hong, Z.S.;Jin, Y.C.;Yin, J.L.;Zhang, Q.K.;Piao, D.C.;Yang, U.M.;Choi, Y.J.
    • Asian-Australasian Journal of Animal Sciences
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    • v.23 no.11
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    • pp.1427-1435
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    • 2010
  • The present study was conducted to examine the effect of a stair-stepped feed intake pattern on growth, feed efficiency, and meat quality of Hanwoo steers. Twenty-seven 11-month-old Hanwoo steers were randomly divided into three groups. The control group was fed according to the Korean steer feeding program, and the other two groups were fed according to an alternated feeding schedule of 3-2-4-2 months. During the first three months of the experiment, treatment group 1 (T1) and treatment group 2 (T2) were fed 20% and 30% less than the control group, respectively. For the following two months, the T1 group was fed 20% more than the control group while the T2 group was fed 20% less than the control group. In the third step, T1 and T2 groups were fed 20% and 10% less, respectively, than the control group for four months. In the last two months, T1 and T2 groups were fed 20% more than the control group. After the stair-step feeding trial, steers were fed concentrated feed ad libitum for five months. The altered feed intake pattern did not affect daily body weight gain. However, daily feed intake tended to decrease and growth efficiency tended to increase in the two treatment groups compared to the control group. Altered feed intake also affected blood metabolite levels. The serum glucose and BUN level of the T1 group increased in the first re-fed period compared to the T2 and control groups. The serum cholesterol level of the T2 group decreased in the first restricted-re-fed growth period compared to the T1 and control groups. The serum NEFA levels of the two treatment groups increased from the first restricted period compared to the controls. The serum insulin level of the T2 group increased in the last period compared to the T1 and control groups. Regarding meat yield index, the control group was significantly higher than the T2 group (p<0.05). Regarding meat yield grade, the carcass back fat thickness of the T2 group was significantly higher than the control group (p<0.05). In marbling score, the T1 group was the highest (4.9), followed by the control group (4.1) and the T2 group (4.0). These results indicate that using a stair-stepped growth pattern (T1) can contribute to improvements in growth efficiency and muscle marbling.

The Study on Evaluating Performances of Lab Sacle-Advanced $A_{2}O$ with Changing System Using Biofilm Process (생물막 담체를 이용한 실험실 규모 $A_{2}O$공법의 시스템 변형에 따른 고도처리 성능 평가에 관한 연구)

  • Kim, Min-Sik;Kang, Gu-Young
    • Journal of Korean Society of Water and Wastewater
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    • v.26 no.2
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    • pp.209-218
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    • 2012
  • Recently, as reinforced water quality standards for wastewater has been announced, more efficient and more powerful wastewater treatment processes are required rather than the existing activated sludge process. In order to meet this demands, we evaluate Task 1-4 about lab scale $A_{2}O$ process using biofilm media. Task 1, 2, and 3 use 'Module A' which has 4 partitions (Anoxic/Anerobic/Oxic/Oxic). Task 4 uses 'Module B' which has 2 partitions including a denitrification reactor with an Inclined plug flow reactor (IPFR) and a nitrification reactor with biofilm media. The denitrification reactor of Module B is designed to be upward flow using IPFR. The result of evaluating at each Task has shown that attached growth system has better capacity of removal efficiency for organic matter and nitrogen with the exception of phosphorus. Task 4 which has the most outstanding removal efficiency has 90.5% of $BOD_{5}$ removal efficiency, 97.8% of ${NH_4}^{+}-N$ removal efficiency, 65% of T-N removal efficiency and 92% of T-P removal efficiency with additional chemical phosphorus removal system operated at HRT 9hr, Qi:Qir 1:2, and BOD/T-N ratio 2.7.

Statistical analysis of Production Efficiency on the Strawberry Farms Using Smart Farming (스마트팜 도입 딸기농가의 생산효율성 통계분석)

  • Choi, Don-Woo;Lim, Cheong-Ryong
    • Journal of Korean Society for Quality Management
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    • v.46 no.3
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    • pp.707-716
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    • 2018
  • Purpose: This study aims to analyze the management performance and production efficiency of strawberry farmers who introduced smart farming, one of the primary symbols of the fourth industrial revolution in the agricultural sector. Methods: We conducted an empirical survey of strawberry farms using smart farming and analyzed production efficiency using DEA method. Results: First, difficulties for strawberry farmers introducing smart farming included time and money spent on parts replacement and additional costs due to compatibility problems with existing facilities after the adoption. Second, strawberry farmers using smart farming increased their total income by producing higher yield and improving quality thanks to the competent growth management. Third, the analysis of production efficiencies before and after smart farming found improvement in technical efficiency, pure technical efficiency, and scale efficiency. But, the gaps in technical and scale efficiencies among the farms widened. Conclusion: Based on the results above, following policy suggestions are offered. First, an environment control technology suitable for strawberry farming needs to be developed. Second, the smart farming technology needs to be standardized by the government. Third, new smart farm models need to be developed to accommodate to the facilities and environment in Korea through collecting big data including high-quality data on the environment, growth, and yield. Fourth, continuing education needs to be provided to narrow the gap in smart farming technology among strawberry farmers.

High Food Efficiency Ratio of Prepubertal Growth Period Leads to a Long-Term Susceptibility for Obesity and Insulin Resistance in Obesity-Prone and Obesity-Resistant Sprague Dawley Rats

  • Choi, Joo Sun
    • The Korean Journal of Food And Nutrition
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    • v.30 no.4
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    • pp.830-840
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    • 2017
  • Excessive body weight gain during the growth period of early life may predispose individuals towards obesity and metabolic disorder in later life. We investigated the possibility of using the food efficiency ratio as an early indicator for predicting susceptibility to diet-induced obesity and insulin resistance. Four-week-old, prepubertal, male Sprague Dawley rats were divided into obesity-prone and obesity-resistant groups based on food efficiency ratio values after five days on a high-fat diet. Metabolic parameters measured after 2, 6, and 10 weeks, and specific phenotypes were compared with each group. Obesity-prone rats had higher increases in body weight and fat mass compared to obesity-resistant rats over the study period. Obesity-prone rats became glucose intolerant early in this study and remained so throughout the experimental period, with increases in fat weight and leptin levels occurring first, followed by increases in insulin level. Gluconeogenesis and insulin resistance significantly increased in obesity-prone groups in which activities of glucose-6-phosphatase and phosphoenolpyruvate carboxykinase were increased and glucokinase activity decreased. Higher food efficiency ratio at an early age was closely correlated with body fat accumulation, hyperleptinemia, and hyperinsulinemia of middle and elderly age. We suggest a high food efficiency ratio in prepubertal subjects may be a useful predictor of future obesity and insulin resistance.

Efficiency Evaluation of Financial Support for Rural Industry Revitalization in Eastern China

  • Zhou, Lin-lin;Sim, Jae-yeon
    • International journal of advanced smart convergence
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    • v.11 no.1
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    • pp.101-110
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    • 2022
  • The purpose of this study is to evaluate the efficiency of financial support for rural industry revitalization in eastern China. Comparative analysis of the efficiency of provincial financial support for rural industrial revitalization in eastern China can provide reference for various provinces to formulate financial policies for rural revitalization. In the research process, 5 evaluation indicators were selected using the panel data of the 2016-2021 "China Financial Statistical Yearbook" and "China Statistical Yearbook", and the DEA and Malmquist index methods were used for calculation. The results show that the average efficiency of financial support for rural revitalization in the 10 eastern provinces from 2015 to 2020 was generally higher, with the efficiency values all higher than 0.8, and reached 0.908 in 2017. The comprehensive efficiency of financial support for rural industry revitalization in Tianjin, Shanghai and Hainan has reached the best. From 2015 to 2020, the total factor productivity of financial support for rural industry revitalization in the eastern region has a "V"-shaped fluctuation. Total factor productivity has the fastest growth. The provinces are Beijing, Hebei and Shandong showing negative growth. It is recommended that relevant provinces improve their strategies for financial support for the revitalization of rural industries. The scope of future research should be expanded to most areas of China and the evaluation indicators should be optimized.

Evaluation of Soybean Meal as a Partial Substitute for Fish Meal in Diet and Experimental Practical Diet for Growth in the Far Eastern Catfish (Silurus asotus) (메기, Silurus asotus 사료의 어분 대체 단백질원으로 대두박 및 실용사료 사육효능 평가)

  • Kim, Kyoung-Duck;Lim, Sang-Gu;Hwang, Ju-Ae;Kim, Jin-Do;Kang, Yong-Jin
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.42 no.4
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    • pp.349-353
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    • 2009
  • Two feeding trials were conducted to evaluate the soybean meal as a substitute for the fish meal in diet (experiment I), and experimental practical diet and commercial diet (experiment II) for growth of far eastern catfish. In the experiment I, three replicate groups of juveniles (average weight 7.2 g) were fed one of diets containing 0, 10 and 20% soybean meals for 66 days. Survival and final mean weight were not significantly affected by dietary soybean meal levels. No significant differences were observed in feed efficiency, protein efficiency ratio and protein retention of fish fed between 0% (control diet) and 20% soybean meal diets. However, fish fed 10% soybean meal diet showed the lower feed efficiency, protein efficiency ratio and protein retention, and higher daily feed intake compared with fish fed control diet and 20% soybean meal diet. The contents of moisture, crude protein, crude lipid and ash in the whole body were not significantly affected by dietary soybean meal levels. In the experiment II, three replicate groups of juveniles (average weight 7.3 g) were fed either the formulated diet or commercial diet for 66 days. Survival and final mean weight were not significantly different among treatment. Significantly higher feed efficiency, protein efficiency ratio and protein retention, and lower daily feed intake were observed in fish fed experimental practical diet compared with fish fed commercial diet (P<0.05). Proximate compositions of the whole body were not significantly affected by diets. The results of these studies suggest that soybean meal can be used as a substitute for fish meal up to 20% in diet, and the dietary formulation used in the experiment II could be applied to the practical feed for far eastern catfish.

Analysis of profitability and its affecting factors in restaurant franchise firms (외식 프랜차이즈 기업의 수익성과 영향 요인 분석)

  • Park, Hyun-Jeong;Shin, Seo-Young;Yang, Il-Sun;Choi, Kyu-Wan
    • Korean journal of food and cookery science
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    • v.23 no.2 s.98
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    • pp.270-279
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    • 2007
  • The purposes of this study were to analyze the profitability of audited restaurant franchise firms and to investigate the financial variables affecting profitability. This study decomposed profit variation into the three main factors comprising the Du Pont Identity (operating efficiency, asset use efficiency and financial leverage). The operating efficiency of restaurant franchise firms was on the rise until 2004, but dropped dramatically in 2005. Especially, the profit margin dropped from 13.46% in 2004 to 6.54% in 2005. The asset use efficiency has been decreasing since 2003. The total asset turnover ratio, which can be indicative of over-investment, dropped from 1.55 in 2003 to 1.50 in 2005. The financial leverage remained stable after 2002. There were major differences in debt accumulation among the firms, and the current level of debt was thought to be higher in the restaurant industry than in other industries. Based on the results of a multiple regression analysis, we concluded that the factors affecting ROE were the debt-equity ratio, total asset turnover and the size of the firm. The debt-equity ratio and total asset turnover had a significantly positive effect on ROE, while the firm size had a significantly negative effect on ROE. However, the current ratio and sales growth rate were not significant. The finding that firm size and profitability were negatively related implied that restaurant franchise firms should pursue qualitative growth rather than quantitative growth. There was no major difference in profitability between domestic brands and foreign brands. However, the domestic brand was more efficient in terms of asset usage than the foreign brand.

The Toxic Effects of Parathion on Survival and Growth of Juvenile Bagrid Catfish (Pseudobagrus fulvidraco) (동자개 (Pseudobugrus fulvidraco) 치어의 생존 및 성장에 미치는 Parathion의 영향)

  • CHO Kyu-Seok;PARK Jong-Ho;JEE Jung-Hun;KANG Ju-Chan
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.37 no.5
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    • pp.380-384
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    • 2004
  • The toxic impact of parathion on bagrid catfish (Pseudobagrus fulvidraco) juvenile was examined 96 hr $LC_{50}$ value of parathion estimated as 1 90 mg/L. Chronically, bagrid catfish were exposed for 30 days to concentrations of parathion, i.e. 63, 95, 190 and $380\;{\mu}g/L$, representing 3.3, 5.0, 10.0 and $20.0{\%}$ of the 96 hr $LC_{50}$. Survival rate was significantly affected by the concentration over $63\;{\mu}g/L$ after 10 days. Growth rate, specific growth rate (SGR) and feed efficiency were reduced in time as concentration dependent manner. Growth rates of the exposed groups were significantly reduced as $28.06-60.63{\%}$ to the control fish, SGR was decresed as $1.50-4.72{\%}$ and feed efficiency was declined as $6.10-11.90{\%}$. It can be concluded that if p. lulvidraco is chronically exposed to parathion over $63\;{\mu}g/L$ concentration, the physiological damages might affect growth factors of the fish.