• Title/Summary/Keyword: Machinery Investment Efficiency

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Efficiency analysis of agricultural machinery rental system using the DEA model (자료포락분석법을 이용한 농기계 임대사업의 효율성 분석)

  • Hong, Soon-Jung;Huh, Yun-Kun;Chung, Sun-Ok;Hong, Song-Hyun
    • Korean Journal of Agricultural Science
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    • v.39 no.2
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    • pp.279-289
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    • 2012
  • This study was conducted to survey and diagnose operation status of the agricultural machinery rental service, analyse and compare operational efficiency among 82 city and county ATDEC (agricultural technology development and extension center) using the DEA (Data Envelopment Analysis) method, and recommend future direction, for improvement of the business. Input variables were invested budget and labor, and output variable was rental return. Percentages of return to investment on the rental service were calculated as 68.3% and 63.9% when analyzed with CCR (Charnes, Cooper and Rhodes) and BCC (Banker, Charnes and Cooper) models, respectively, indicating inefficiency of the service operation. Increase of rental charge would increase efficiency by 63.9~68.3% depending on models, and decrease of financial and labor investment would improve the efficiency by about 11.3%. Technical efficiency would be more important than scale efficiency, therefore adjustment of over-invested budget and labor needed to be made together with increase of rental charge to improve the operation. Among the ATDECs providing the rental service, 6 (7.3%), 43 (52.4%), and 33 (40.2%) were in state of CRS (constant return to scale), IRS (increasing return to scale), and DRS (decreasing return to scale), respectively. These indicated public aspects of the rental system, over-investment, lack of output component for input component, meaning that scale income would be increased by qualitative expand of rental charge. Efficiency analysis of the rental system by region showed that efficient ATDECs to be benchmarked by others were in the order of DMU-70, DMU-54, DMU-29, DMU-5, DMU-22, DMU-2, and DMU-61. More comprehensive and extensive survey and analyses would be necessary in the future.

Tracking Convergence of Manufacturing and Service Sectors Toward i-fashion: A Case of Korea (i-fashion을 향한 제조업과 서비스업의 융합: 한국사례중심으로)

  • Kim, Jun Mo;Lim, Sung Uk
    • Journal of Korean Society for Quality Management
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    • v.49 no.4
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    • pp.641-654
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    • 2021
  • Purpose: One distinctive trend in the recent industrial and technological development has been the change in the structures of industries brought by information technology, boosting the productivity of different sectors. This relation has clearly opened a path for the fourth industrial revolution to reform numerous industrial sectors, including i-fashion sectors. Therefore, in this research, we would like to present the direction of the direction policy for the fusion of the manufacturing industry and the service industry of i-fashion. Methods: In this study, an empirical time series data analysis of machinery investment efficiency and capital investment efficiency of 43 industrial sectors in manufacturing and service was conducted to show their potential and ongoing convergence toward i-fashion. Results: Most impressive as a finding in this research was that those sectors previously underinvested due to a combination of technological and financial reasons found an exit for growth. In textile and apparel sectors, that could be the i-fashion. Conclusion: One strong implication of this study is that sectoral level convergence based on technology and industry is occurring, and i-fashion is one of the industrial convergence case to be observed.

Fabrication of caterpillar mixer and its surface characterization (캐터필러형 믹서의 제작 및 표면 특성 연구)

  • Han Chang-Soo;Park June-Ki;Yoon Yeo-Hwan
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2006.05a
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    • pp.541-542
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    • 2006
  • A micro-size caterpillar mixer has been recently used fur desktop chemical factory and so attractive due to small investment fund for arranging the factory and high efficiency by mixing in sub micro-level region. We report the fabrication of caterpillar mixer and its surface treatment for enhancement of mixing performance. We used the

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Development of Turbo Steam Compressors for MVR System (MVR 담수화장비용 터보 증기압축기의 개발)

  • Oh, Jong-Sik;Sung, Beong-Il;Hyun, Yong-Ik
    • 유체기계공업학회:학술대회논문집
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    • 2003.12a
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    • pp.482-486
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    • 2003
  • A high-efficiency turbo steam compressor has been successfully developed for the MVR desalination system, first one in Korea. The state-of-the-art design methods using real gas properties were applied to get all the aerodynamic design results. Bull and pinion gear trains, tilting-pad bearings and investment cast impellers were developed also to be integrated into the integral gear-driven turbo steam compressor. System tests show highly efficient performance.

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Water Lubricated Guide Bearing with Self-aligning Segments

  • Oguma, Tadashi;Nakagawa, Naritoshi;Mikami, Makoto;Thantrong, Long;Kizaki, Yasumi;Takimoto, Fumio
    • International Journal of Fluid Machinery and Systems
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    • v.6 no.2
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    • pp.49-55
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    • 2013
  • Water lubricated guide bearing was newly released and has been applied to actual hydro turbines with vertical shaft. As a result, they can have not only high bearing performance but environmental advantages in meeting the demand for reducing river pollution by oil leakage from oil lubricated guide bearing. The PTFE composite guide bearing was tested by experimental equipment operated under conditions similar to those of actual hydro turbines. Circumferential and axial tilting bearing segments help to improve the bearing performance and efficiency due to low friction loss in the bearing system. Furthermore, bearing cooling systems could be eliminated and maintenance periods could be extended, thus the initial investment and operating costs of the hydroelectric power plant are reduced.

DEVELOPMENT OF TRANSPLANT PRODUCTION IN CLOSED SYSTEM (PART II) - Irrigation Scheduling based on Evapotranspiration Rate-

  • Tateishi, M.;Murase, H.
    • Proceedings of the Korean Society for Agricultural Machinery Conference
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    • 2000.11c
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    • pp.764-769
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    • 2000
  • A new transplant production system that produces high quality plug seedlings of specific crop has been studied. It is a plant factory designed to produce massive amount of virus free seedlings. The design concept for building this plant factory is to realize maximum energy efficiency and minimum initial investment and running cost. The basic production strategy is the sitespecific management. In this case, the management of the growth of individual plantlet is considered. This requires highly automated and information intensive production system in a closed aseptic environment the sterilized specific crops. One of the key components of this sophisticated system is the irrigation system. The conditions that this irrigation system has to satisfy are: 1. to perform the site specific crop management in irrigation and 2. to meet the no waste standard. The objective of this study is to develop an irrigation scheduling that can implement the no waste standard.

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Energy Efficiency Evaluation of IT based Ship Energy Saving System-(1) : Ship Handling Simulator Test Results (IT 기반의 선박에너지절감시스템 성능평가 방법-(1) : 육상시험 수행 결과)

  • Yoo, Yun-Ja
    • Journal of Navigation and Port Research
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    • v.39 no.6
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    • pp.465-472
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    • 2015
  • SEEMP (Ship Energy Efficiency Management Plan) guidelines for a ship's GHG reduction include a machinery modification of hull, an installation of energy efficiency enhanced attachment in hardware methods. It is also possible to bring a ship energy efficiency improvement by fuel-efficient operations or in other software methods. Hardware modification or installation on ship can bring financial burdens to a ship company compared to its improvement expectation. On the other hand, Software based energy-saving technology can be applicable on various ship types, and it is also expected high efficiency of ship energy use compared to hardware based technology in perspective of the investment costs and efficiency. In this paper, it is described that the ship handling simulator based evaluation was carried out using representative ship model of bulk, container and VLCC. Simulation environments were separated into 6 conditions according to the sea-state and weather condition, and the operation results were compared with those before and after energy saving system applied The container ship showed the largest FOC save rate after energy saving system applied although the others also showed energy save rate after using the system.

Development of a Rough Rice Handling Equipment for In-Bin Drying and Storage System (개량 곳간용 벼이송장치(移送裝置) 개발(開發))

  • Chang, D.I.
    • Journal of Biosystems Engineering
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    • v.13 no.3
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    • pp.44-51
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    • 1988
  • The objective of this study is to develop a grain handling system for loading, unloading and transporting of rough rice stored at the in-bin drying and storage (IBDS) developed by the Korea Advanced Institute of Science and Technology(KAIST). A mechanized Fain handling system consisted of a portable auger and a gate was developed and tested. The test results can be summarized as the following: 1) The loading capacity of the handling system developed is $16.2m^3/h$ (8.3 ton/h) for the Indica type rice and $13.0m^3/h$(7.3 ton/h) for the Japonica type. It is greater than that of manual handling as much as 2.5 - 2.7 times. 2) The unloading capacity of the handling system developed is $16.0m^3/h$(8.2 ton/h) for the Indica type rice and $12.6m^3/h$(7.0 ton/h) for the Japonica type. It is greater than that of the manual as much as 4.7 - 5.5 times. 3) For 3-ton capacity of the storage, the loading and unloading can be performed for 20 and 30 minutes by one man operation of equipment. while 60 and 120 minute for the manual of 2 men, respectively. 4) The volumetric efficiency of the system developed is 0.42 - 0.54 and the power efficiency is 4.0 - 4.4. 5) The break-even quantity of the handling system developed is about 38.6 ton($68.7m^3$) of rough rice and the initial investment for the system would be returned within five years for the most owners of the KAIST IBDS system.

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Techno-Economic Analysis of Reversible Solid Oxide Fuel Cell System Couple with Waste Steam (폐스팀을 이용한 가역 고체산화물 연료전지의 기술적 경제적 해석)

  • GIAP, VAN-TIEN;LEE, YOUNG DUK;KIM, YOUNG SANG;AHN, KOOK YOUNG
    • Transactions of the Korean hydrogen and new energy society
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    • v.30 no.1
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    • pp.21-28
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    • 2019
  • Reversible solid oxide fuel cell (ReSOC) system was integrated with waste steam for electrical energy storage in distributed energy storage application. Waste steam was utilized as external heat in SOEC mode for higher hydrogen production efficiency. Three system configurations were analyzed to evaluate techno-economic performance. The first system is a simple configuration to minimize the cost of balance of plant. The second system is the more complicated configuration with heat recovery steam generator (HRSG). The third system is featured with HRSG and fuel recirculation by blower. Lumped models were used for system performance analyses. The ReSOC stack was characterized by applying area specific resistance value at fixed operating pressure and temperature. In economical assessment, the levelized costs of energy storage (LCOS) were calculated for three system configurations based on capital investment. The system lifetime was assumed 20 years with ReSOC stack replaced every 5 years, inflation rate of 2%, and capacity factor of 80%. The results showed that the exergy round-trip efficiency of system 1, 2, 3 were 47.9%, 48.8%, and 52.8% respectively. The high round-trip efficiency of third system compared to others is attributed to the remarkable reduction in steam requirement and hydrogen compression power owning to fuel recirculation. The result from economic calculation showed that the LCOS values of system 1, 2, 3 were 3.46 ¢/kWh, 3.43 ¢/kWh, and 3.14 ¢/kWh, respectively. Even though the systems 2 and 3 have expensive HRSG, they showed higher round-trip efficiencies and significant reduction in boiler and hydrogen compressor cost.

International Comparative Analysis of Technical efficiency in Korean Manufacturing Industry (한국 제조업의 기술적 효율성 국제 비교 분석)

  • Lee, Dong-Joo
    • Korea Trade Review
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    • v.42 no.5
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    • pp.137-159
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    • 2017
  • This study divides manufacturing in 18 countries including Korea, China, Japan and OECD countries into 11 areas and estimates and compares the technological efficiency of each industry. The traditional view of productivity is to increase production capacity through technological innovation or process innovation, but it is also influenced by the technological efficiency of production process. A Stochastic Frontier Production Model (SFM) is a representative method for estimating the technical efficiency of such production. First, as a result of estimating the production function by setting the output variable as total output or value-added, in both cases, the output increased significantly in all manufacturing sectors as inputs of labor, capital, and intermediate increased. On the other hand, R&D investment has a large impact on output in chemical, electronics, and machinery industries. Next, as a result of estimating the technological efficiency through the production function, when the total output is set as the output variable, the overall average of each sector is 0.8 or more, showing mostly high efficiency. However, when value-added was set, Japan had the highest level in most manufacturing sectors, while other countries were lower than the efficiency of the total output. Comparing the three countries of Korea, China and Japan, Japan showed the highest efficiency in most manufacturing sectors, and Korea was about half or one third of Japan and China was lower than Korea. However, in the food and electronics sectors, China is higher than Korea, indicating that China's production efficiency has greatly improved. As such, Korea is not able to narrow its gap with Japan relatively faster than China's rapid growth. Therefore, various policy supports are needed to promote technology development. In addition, in order to improve manufacturing productivity, it is necessary to shift to an economic structure that can raise technological efficiency as well as technology development.

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