• Journal of Korea Port Economic Association
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• v.24 no.4
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• pp.25-46
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• 2008

By using data envelopment analysis(DEA) this research measures the efficiency of Korea's five seaports and their Malmquist productivity from 1997 to 2006. Under the assumption of CRS(constant returns to scale) and VRS(various returns to scale), seaports' rankings of efficiency are measured. Busan port is confirmed as a best-performed port in the various measurements. Important finding facts are as follows. 1)Busan, lncheon and Ulsan seaports are efficient ports under the assumption of CRS and VRS. 2)Gwangyang port shows 4.3% lower efficiency level compared with efficient ports. 3)Pohang port shows 27.3% lower efficiency level compared with efficient ports. 4)Average total factor productivity of Korea's five ports has been lower at the rate of 3.1% during the period from 1997 to 2006. Main policy implications are 1)Busan port is more efficient than Gwangyang port, which reflects the difference of economic activities between two regional econmies. 2)During the period 1997-2006, Korea's five largest ports has experienced lower efficiency levels in the first half period because of the 1997 Korean Financial Crisis, but higher efficiency levels in the second half period because of economic recovery. In future research the more and better data will be expected to improve the understanding of Korean seaports' efficiency characteristics.

• Journal of Distribution Science
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• v.14 no.3
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• pp.73-83
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• 2016

Purpose - The parcel delivery service(courier) industry all over the world has been expanding its market so far, but its growth has been declining in recent years. In this situation, most parcel delivery companies are having trouble with managing themselves because of the pressure from the customer to increase service level and decrease the rate. The purpose of this study is to provide ways to improve competitive advantages of the parcel delivery service industry by evaluating the multi-period operating efficiency of Korea, Japan and global service providers. Research design, data, and methodology - The data for the period of 2011 to 2014 were collected from the annual reports published by parcel delivery companies. In this study, we analyze the marketability (revenue), profitability (operating profits), and management conditions (net profits) of parcel service companies by combining information on human resources (number of employees) and material resources (total assets and equity). Therefore, the number of employees, total assets, and equity are selected as input variables, and revenue, operating profits, and net profits as the output variables. In this study, DEA (Data Envelopment Analysis) is used to measure the comparative efficiency and MPI (Malmquist Productivity Index) is used to analyze the trend of change of the efficiency for a multi-year period. Results - The operational efficiency scores of medium-sized parcel delivery companies in Korea are higher than other larger competitors such as Korean, Japan and Global larger companies. As of 2014, Logen(1.878) was found to be the most efficient parcel delivery enterprise, followed by KGB (1.224), and Kyoungdong(1.002). Otherwise, Hanjin(0.235), CJ(0.262), Hyundai Logistics(0.657), DHL(0.611), UPS(0.766), FedEx(0.498), TNT(0.350), Yamato(0.762) and Sagawa(0.520), larger sized companies, were done inefficiently. The productivity of parcel delivery companies is influenced by endogenous factors as well as exogenous ones such as changes in business environment and technological advances. Conclusions - Korean medium-sized companies have relatively high efficiency scores in operation. That is why they still survive the competitive market in Korea where market restructuring on the industry has been expected to be conducted for many years. The reason why medium-sized couriers had higher efficient scores than larger couriers is that most of couriers spend more operating expenses versus unit price of delivery which is the amount of money that is needed in order to send a package by parcel service. So the delivery unit price must be taken into account by all the expenses associated with the cost of fuel, labor and maintenance expenses for facilities, etc. therefore, the unit price must be increased to strengthen business competitive power. In order for the industry to have more competitive advantage, the companies need to make profits by increasing demand volume and raising the delivery rate to provide high-quality delivery service to customers. And both endogenous and exogenous change must take precedence in order to strengthen their competitiveness.

• Journal of Korea Port Economic Association
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• v.25 no.2
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• pp.277-300
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• 2009

By using data envelopment analysis(DEA) this research measures the efficiency of Korea's seven middle-sized seaports and their Malmquist productivity from 1998 to 2007. Under the assumption of CRS(constant returns to scale) and VRS(variable returns to scale), seaports' ranking of efficiency are measured. Kunsan Port is confirmed as a middle-performed port in the various measurements. Important finding facts are as follows. 1)Kunsan Port has the efficiency level from 53% to 57% of efficient ports' level under the assumption of CRS and VRS. 2)In terms of average efficiency level, the gap among these 7 seports' efficiency levels has been widened during the period from 1998 to 2007. 3)Kunsan Port has shown the characteristics of DRS more frequently in terms of returns to scale. 4) Kunsan Port's average total factor productivity has been lower at the rate of 0.7% during the period from 1998 to 2007. 5)Kunsan Port has shown technical progress at the rate of 3.1% in this period. In future research the more and better data will be expected to improve the understanding of Korean seaports' efficiency characteristics.

• International journal of advanced smart convergence
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• v.10 no.1
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• pp.24-37
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• 2021

China's "One Belt and One Road" initiative has brought multiple opportunities to the development of tourism in Guangdong, Guangxi and Hainan provinces and the implementation of the Beibu Gulf Urban Agglomeration Development Plan hasset clear goalsforfurther accelerating the coordinated development, in-depth cooperation of the three. This study takes the Beibu Gulf Urban Agglomeration as the research object and utilized the data envelopment analysis (DEA) procedure to estimate the technical efficiency, pure technical efficiency, and scale efficiency scores for each city and Malmquist index was subsequently used to analyze dynamically, then tries to offer an adequate inclusion of sustainable factors in overall tourism development efficiency results through the detection and estimation of potential sources of efficiency. In order to complete the task, data collection was focused on Guangdong, Guangxi and Hainan provinces of China over the period from 2016 to 2018. The results in the first phase show relatively high efficiency scores, particularly in the case of the Beibu Gulf Urban Agglomeration and with room for improvement in the case of other cities of Guangdong, Guangxi and Hainan provinces. The second stage results present several aspects that should be carefully considered in order to analysis tourism efficiency of the Beibu Gulf Urban Agglomerations vertically according to the changes of the frontier.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.355-364
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• 2022

The effect of technological innovation on the high-quality development of the producer services industry depends on whether or not technical innovation efficiency plays a key role. This study looks at the impact of technological innovation and financial technology (fintech) on the development of high-quality producer services in Fujian Province from 2010 to 2019. The efficiency of technological innovation is measured using Data Envelopment Analysis (DEA) and the Malmquist productivity index. The mean overall innovation efficiency score is 0.639, meaning that Fujian accounts for 36.1% of resource utilization inefficiencies and that there are significant differences in technological innovation efficiency between cities. The findings show that high-quality producer services industries benefited from innovation efficiency, but that the influence of technological innovation efficiency is insignificant. This demonstrates that financial innovation has not been able to completely enhance the development level of the producer services industry. This may be due to the unreasonable output structure of technological innovation and the low industrial transformation rate of technological achievements. This study advocates that the R&D fund allocation structure be optimized. That technological innovation can improve the high-quality development of the producer services industry is a consensus within the academic community.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.315-320
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• 2013

The aim of this study is to compare efficiency and Total Factor Productivity(TFP) between Korean and Japanese construction firms in Korea and Japan over the period of 2005-2011. The results of this study are as follows. Efficiency scores of Korean construction firms are 0.797, and Japanese construction firms are 0.921. Second, annual total factor productivity growth of Korean construction firms is 0.5% and technical progress do much for TFP decrease. However Japanese construction firms marked annual increasing of 2.5% of TFP. Third, technical progress contributed in TFP increase of construction firms in Korea. Korean construction firms, however, relatively lagged behind Japanese construction firms in technical progress. Therefore, Korean construction firms need strategies to achieve technical advances including adopting new technology or process innovation to maintain competitiveness, survive, and develop in the future competition with Japan.

• Korea Trade Review
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• v.41 no.4
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• pp.61-90
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• 2016

This study aims to identify the sources of productivity change in export manufacturing firms. After estimating the Malmquist productivity index, a panel regression was used to calculate the source of productivity change. Upon conducting a literature review of this field, six variables were selected as explanatory variables. The results of an analysis of 355 export manufacturing firms operating from 2009 through 2015 are as follows: First, both innovation activity and total assets had a positive impact on productivity change. However, employment cost intensity, equity ratio, and current ratio had a negative impact on productivity change in export manufacturing firms. Second, innovation activity and intangible assets had a positive impact on productivity change, but employment cost intensity, selling expense intensity, and equity ratio had a negative impact on productivity change in large export manufacturing firms. Third, innovation activity had a positive impact on productivity change, but employment cost intensity and equity ratio had a negative impact on productivity change in small and medium export manufacturing firms. Fourth, intangible assets had a positive impact on productivity change, but employment cost intensity, selling expense intensity, and current ratio had a negative impact on productivity change in export manufacturing firms listed on the Korea Composite Stock Price Index. Fifth, innovation activity and total assets had a positive impact on productivity change, but employment cost intensity and equity ratio had a negative impact on productivity change in manufacturing firms listed on the Korean Securities Dealers Automated Quotations. The managerial implications of this study are also discussed.

• Journal of Korean Society of Water and Wastewater
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• v.25 no.3
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• pp.325-334
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• 2011

Market Environment around water work industry is rapidly changing. ISO, International Organization for Standardization, announced the international water work service standard for comparison and evaluation between nations and businesses. And developed countries in water work are introducing market principle for growth of nation's water industry and reinforcement of its competitiveness. Also, some local governments entrusted their water utilities for improvement of competitiveness of water work. However, as some failure cases from overseas came out with emphasis, there are many refuting perspective about entrusted operation achievements of domestic water market. Hence, this paper evaluated competitiveness of domestic local water utilities from the perspective of productivity. After evaluating productivity using Malmquist productivity index, the authors compared and analyzed whether there is a difference of productivity between two different operating types by using Mann-Whitney test. As a result of analysis, it has shown that local water utilities achieved higher productivity at entrusted operation type rather than direct operation type. The local water utilities which chose entrusted operation had increased the productivity 13.9% on total factor productivity(TFP) during experimenting period, while the local water utilities which chose direct operation had increased 0.2%. The background of achieving this high productivity in entrusted operation was analyzed as a result of the higher technological effectiveness of a special water company. The result of this study can be referred when local government needs to decide on what operating types they will use.

• Publications of The Korean Astronomical Society
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• v.30 no.2
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• pp.341-343
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• 2015

We present an analysis of the relation between star-formation (SF) and accretion luminosities of local type-2 active galactic nuclei (AGNs) at $0.01{\leq}z<0.22$. We match type-2 AGNs found in the Sloan Digital Sky Survey to current far-infrared (FIR) survey catalogues based on AKARI and Herschel. Estimating AGN luminosities from [$O{\small{III}}$]${\lambda}5007$ and [$O{\small{I}}$]${\lambda}6300$ emission lines, we find a positive linear trend between FIR and AGN luminosities over a wide dynamical range. This result appears to be inconsistent with recent reports that low-luminosity AGNs show no correlation between FIR and X-ray luminosities; this contradiction is likely due to Malmquist and sample selection biases. Moreover, we also find that pure-AGN candidates, for which the FIR radiation is thought to be AGN-dominated, show significant low-SF activities. These AGNs hosted by low-SF galaxies are rare in our sample. However, it is possible that the low fraction of low-SF AGN is caused by observational limitations, as recent FIR surveys are not sufficient to examine the population of high-luminosity AGNs hosted by low-SF galaxies.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.7 no.6
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• pp.1337-1347
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• 2006

From the 1990s, Korean Life insurance industry has been experienced an profound impact from various exterior factors. In this study, productivity change in Korean Life insurance industry was measured by the Malmquist productivity change index. Analysis was made based on the balanced panel data from 1990 to 2003 collected from 8 lift insurance firms and 1993 to 1997 from 20 firms. The results show that survived firms' productivity change was higher than other firms.