• Title/Summary/Keyword: Labor Ratio

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Cost Behavior of Private University Hospital in Korea (사립대학병원의 원가행태)

  • Choi, Hwang-Gyu;Hwang, In-Kyoung
    • Korea Journal of Hospital Management
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    • v.11 no.3
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    • pp.73-93
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    • 2006
  • This study aims at providing necessary informations for management decision-making to the hospital manager, such as ratios of fixed and variable cost to total operating expense, and variable cost ratio to operating revenues, and determinant factors affecting cost behavior. A study model and related hypotheses were established, data were collected from 41 private university hospitals for the 6years from 1998 to 2003, and regression analyses were performed to test the hypotheses. The results of the analyses and conclusions are as follows; First, labor cost and administration cost within the same number of beds have not only fixed quality of the cost, but variable quality of that. Also, the ratio of the variable costs to operating revenue of the metropolitan was estimated 76.9% and that of other area hospitals was 80.1%. Second, the major factors affecting the increase rate of the operating expense were the increase rates of the number of inpatients, the number of employee, and the number of hospital operating bed. This result implies that maintaining a optimal hospital bed size and efficient operation of the beds are important strategic factors of hospital management.

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Modified BLS Weight Adjustment (수정된 BLS 가중치보정법)

  • Park, Jung-Joon;Cho, Ki-Jong;Lee, Sang-Eun;Shin, Key-Il
    • Communications for Statistical Applications and Methods
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    • v.18 no.3
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    • pp.367-376
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    • 2011
  • BLS weight adjustment is a widely used method for business surveys with non-responses and outliers. Recent surveys show that the non-response weight adjustment of the BLS method is the same as the ratio imputation method. In this paper, we suggested a modified BLS weight adjustment method by imputing missing values instead of using weight adjustment for non-response. Monthly labor survey data is used for a small Monte-Carlo simulation and we conclude that the suggested method is superior to the original BLS weight adjustment method.

Empirical Analysis on the Determinants for the Service Export Performance in the Medical and Healthcare Service Industry (의료 및 보건 서비스산업에 있어서 서비스수출 변동요인에 관한 실증분석)

  • Jung, Yong-Sik;Park, Se-hoon;Kang, Joo-Hoon
    • Journal of Korea Society of Industrial Information Systems
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    • v.21 no.5
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    • pp.31-40
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    • 2016
  • This paper is to set up the autoregressive distributed lag model in order to estimate factor elasticities of the service export in the medical and healthcare service industry and to analyze the determinants for its export performance during 1975-2015. The empirical results suggest that industrial markup, exchange rate, and interest rate have had more decisive effects on the industrial export performance in the medical and healthcare service industry, in particular, during the declining period in factor prices since the foreign currency crisis beginning in late 1997.

Development of Shattering Machine for Sesame (III) - Fabrication and Evaluation of the Final Machine - (참깨 탈립 작업기계 개발에 관한 연구(III) - 최종기 제작 및 평가 -)

  • Lee, Jong-Su;Kim, Ki-Bok
    • Journal of Biosystems Engineering
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    • v.34 no.6
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    • pp.425-433
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    • 2009
  • The developed final shattering machine for labor-saving mechanization of shattering of sesame consisted of input part, shattering part, re-shattering part for unshattered pod and pneumatic sorter. The bundle of sesame was held as upside down and fed into the machine continuously. Then, the fed bundle of sesame was shattered by side shock and agitation. The performance of shattering for the sun dried bundle of sesame of conventional manual work and final shattering machine was compared. Since the shattering ratio measured by the final machine was 97.2% at the first operation, in case of fully dried sesame by drying stand, the harvest of sesame can be completed by only one time shattering operation. The work hour per area of 10 a for the mechanical work and the manual work were 0.3 hour and 13.9 hour, respectively. The total shattering ratio of the final machine with vertical feedings of bundle of sesames was 97.2%.

Breeding of New Silkworm Strain Yeonnokjam

  • Kang, Pil-Don;Sung, Gyoo-Byung;Kim, Kee-Young;Lee, Hee-Sam;Kim, Mi-Ja;Ji, Sang-Duk;Hong, In-Pyo;Kweon, Hae-Yong;Park, Kwang-Young;Lee, Kwang-Gil;Sohn, Bong-Hee
    • International Journal of Industrial Entomology and Biomaterials
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    • v.23 no.1
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    • pp.175-178
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    • 2011
  • Yeonnokjam is a newly bred high yield special silkworm strain for spring rearing, bred from Japanese originated green cocoon spinning strain Jam 315 and Chinese originated white cocoon spinning strain Jam 316. This strain showed high hatching ratio of 96% and high healthiness of 96.7% of pupatin ratio. And its spins heavier cocoon with somewhat shorter fiber length but thicker fineness. The merits of these_strains are short larval period and labor saving, and its breeding goals are producing polish green silk and use for education.

Nexus between Financial Development and Economic Growth: Evidence from Sri Lanka

  • FATHIMA RINOSHA, Kalideen;MOHAMED MUSTAFA, Abdul Majeed
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.165-170
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    • 2021
  • This paper examines the long-run relationship between financial development and economic growth. The effective function of financial development is crucial to promote the economic development of the country. To achieve the objective, this study used Gross Domestic Product as a dependent variable and Credit to The Private Sector, Ratio of the Gross Fixed Capital Formation to GDP, Trade, Consumer Price Index and Labour Force as an independent variable. Augmented Dickey-Fuller test statistic (ADF) to check the stationary. Bounds test for cointegration and Auto-Regressive Distributed Lag Models (ARDL) are used to check cointegrating relationship amongst the variables and causality between financial development and economic growth. Moreover, the Model selection method is Akaike Info Criterion (AIC). This result demonstrates that the labor force and trade hold a significantly negative relationship with economic growth. Nevertheless, inflation, Credit to The Private Sector, and Ratio of the Gross Fixed Capital Formation to GDP show a significantly positive relationship with economic growth. Therefore, there is a statistically significant relationship between Financial Development and Economic growth in Sri Lanka and the Sri Lankan government should reform its trade policies.

An Analysis of the Changes in the Financial Performance of Teaching Hospitals after the Implementation of the Separation Policy of Prescription and Drug Dispensing: A case of the teaching hospitals in D area (의약분업이후 대학병원 경영수지변화 비교 분석 (D지역 대학병원 사례를 중심으로))

  • Eun, Jong-Seong;Youn, Kyung-Il
    • Korea Journal of Hospital Management
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    • v.8 no.1
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    • pp.64-80
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    • 2003
  • The separation policy of prescription and drug dispensing which has been implemented since the 1st of July, 2000, has brought about great changes in patients flow within the healthcare delivery system. The changes in the patients flow, in turn, resulted in the change in the distribution of financial resources among the participating entities in the healthcare delivery system: pharmacies, clinics, small hospitals, general hospitals, and teaching hospitals. The purpose of this study is to shed some light in the change in the financial performance of teaching hospitals under the separation policy that has created environmental changes such as the decrease in the number of out patients visits, the increase in the capital expenditures, the rapid increase in labor costs and so on. For the purpose, this study has compared and analyzed the balance sheets, the income statements and other operational data of three teaching hospitals located in D area. The data include two periods: before(year 1999) and after(year 2001) the implementation of the separation policy. The analysis was conducted with an emphasis on the changes in the financial ratios such as liquidity, turnover ratio, performance ratio. and capitalization ratio. The results show that the financial performances of the hospitals under study were weaker than before the implementation of the separation policy, and that, while the operating expenses have increased remarkably, there was no tendency to corresponding increase in revenue. And the result of analysis of other operational indicators also show that the performance of the hospitals is getting worse. Based on the results, this study has suggested the directions of the healthcare policies. This study suggests to improve the current model of separation of prescription and drug dispensing, to grant subsidies for the training of residents in teaching hospitals, and to lower the rate of patients' out of porket payment in teaching hospitals.

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An Experimental Study on the Fracture Characteristics of Wire Ropes (와이어 로프의 파단특성에 관한 실험적 연구)

  • 김종현;이근오;태순호
    • Journal of the Korean Society of Safety
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    • v.9 no.4
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    • pp.3-10
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    • 1994
  • This study examines fracture characteristics of wire rope of 6$\times$37+FC 14mm B degree, Which has been widely used for the strength support for machinery, cranes and shipping. The examination Is based on the fellowing experimental conditions. Firstly, this study analyzes the effect of the strength of wlre rope. When number of broken wires is occuring at the level of 5%, 10% and 15% degree respectively in the following two cases:1) Case of broken down to each strand equally. 2) Case of broken down to one strand only. Secondly, this study analyzes the effect of corrosion on the strength of wire rope. Corrosion times are 72hours, 144hours and 216hours corrosion respectively under following conditions. 1) Case of only a corrosion without wire breaking. 2) Case of corrosion after 5% degree wire breaking to each strand equally. Some outcomes of these experiment are as follows. 1) From the of tension test, We can find that the ratio of strength reduction case of wire broke down to one strand concentrically is greater than that ratio case of broke down to each strand equally. 2) From the corrosion test, We can also find that the ratio of strength reduction case of corroded after 5% degree wire breaking to each strand equally Is greater than that ratio case of corroded without wire breaking. 3) After comparing theoretical fracture load of wires with experimental fracture load of wires, we can find the fracture load of the case of broken down to each strand equally is most similar to theoretical fracture load. 4) It is proposed that safety rules on wire rope in the Industrial safety and healthy labor of law have to change “breaking over 10% of number of wires in one strand of wire rope(excluded filler wire )”has to be replaced by“breaking over 10% of number of all wires in all strand of wire rope(excluded filler wire)”

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E-Business, Firm Characteristics and Firm Performance : An Empirical Analysis of Korean Firms (우리나라 기업의 e-비즈니스 시스템 도입현황과 성과 : 실증분석)

  • Sung, Nak-Il;Kim, Min-Chang;Seo, Seong-Woo
    • Journal of Information Technology Applications and Management
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    • v.18 no.4
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    • pp.55-79
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    • 2011
  • This study attempts to examine the factors affecting the introduction of e-Business systems and also, to assess the effects of various e-Business systems on firm performance. Empirical analysis is carried out with firm data of 2009, which is collected from Firm Activity Survey of Statistics Korea. Firm performance is measured by four indexes; operating income per employee, value added per employee, return on assets, and return on sales. Empirical results indicate that a firm is more likely to introduce any e-Business system as its size and its assets per employee are larger and as its ratio of labor compensations to operating costs is lower. Additionally, a firm with higher skill levels and more fruitful management experiences is more likely to have any e-Business system. In general, it appears that the presence of e-Business, especially enterprise resources planning, has positive effects on the firm performance.

Investment Efficiency and Management Performance of Korean Regional Public Hospitals (지방공사의료원의 투자효율과 경영성과)

  • Ha, Au-Hyun;Kim, Yun-Jin;Cho, Duk-Young
    • The Korean Journal of Health Service Management
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    • v.10 no.3
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    • pp.1-12
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    • 2016
  • Objectives : This study examined relations between investment efficiency and management performance as indexes related to productivity of Korean regional public hospitals. Methods : The analysis data are financial information of Korean regional public hospitals from 2011 to 2014. For the indicators, value added to total assets, value added to productive activity tangible fixed assets, and value added to personnel expenses, operating margin to revenues, net profit to total earnings, and ratio of value added. Results : Significant relevance was not shown among indicators of investment efficiency. However, Significant relevance was shown between value added to personnel expense and productivity per value added. Conclusions : It confirmed that outside support funds like subsidy did not have effect on improving the management performance. Also, it could be known that availability about input of capital and labor was not realized organically.