• Journal of Technology Innovation
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• v.28 no.3
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• pp.1-28
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• 2020

This study examines whether the firm with high innovation efficiency realizes high operating performance. We measured innovation efficiency by the ratio of patent applications for R&D expenditure or R&D stock and measured operating performance by the ratio of operating income or operating cash flow to total assets for the following year. The sample consists of 1,880 manufacturing firm-years, which listed on the Korean Exchange between 2014 and 2017. We analyze the effect of innovation efficiency on operating performance using a model of Hirshleifer et al. (2013) results show that both innovation efficiency variables have a significantly positive relationship with the total asset operating margin. Besides, the following year's performance, measured by the total asset operating cash flow ratio, also shows a positive relationship with the two innovation efficiency variables at the 5% and 1% significance levels, respectively. The results indicate that high innovation efficiency firms that link the outcomes of R&D to more patent applications realize higher operating performance. Also, we divided the R&D-intensive and non-R&D-intensive industries and performed the same analysis. As a result, the innovation efficiency has a significant positive effect on operating margin in both industries. However, the effect of innovation efficiency on the operating cash flow is only significant in R&D-intensive industries. This study suggests that the effects of innovation efficiency are more consistent in the R&D-intensive industry. Additionally, we divided the high patent application and low patent applications industries and performed the same analysis. As a result, the innovation efficiency has a significant positive effect on operating margin in both industries. This study suggests that the effects of innovation efficiency are more consistent in the high patent application industry. We show that a firm's innovation efficiency is a critical factor for a firm's performance, while prior studies on the R&D performance have not considered the innovation efficiency of each firm. The evidence suggests that firms not only consider R&D expenditures but also improve the performance of companies by increasing innovation efficiency. Investors need to consider their innovation efficiency when evaluating the value of firms.

• The Journal of Asian Finance, Economics and Business
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• v.10 no.2
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• pp.333-341
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• 2023

This study investigates the impact of capital adequacy and operating efficiency on the performance of Saudi banks. In the first part, the study includes a brief introduction focused on the impact of capital adequacy and operating efficiency on the performance of banks. In the second part, a literature review examined various studies on the impact of capital adequacy and operating efficiency on banks' performance. The study methodology was presented in the third part, based on a sample that included all local Saudi banks from 2010 to 2021, using a study model to answer the study hypotheses. The results of the panel data regression indicated that CAR had a negative and significant effect on ROA and ROE but a negative and non-significant effect on NIM. CIR has a negative and significant effect on ROA, ROE, and NIM, while SIZE, LTD, and MS have a positive and significant effect on ROA, ROE, and NIM. Elimination of defects has no significant effect on return on assets, return on equity, and the NIF. But CR has no significant effect on ROA and ROE but has a positive and significant effect on NIM.

• 한국신재생에너지학회:학술대회논문집
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• 2011.11a
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• pp.97.1-97.1
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• 2011

Dimethyl ether (DME) is an attractive fuel as a hydrogen carrier for mobile PEMFC applications. However, its reforming technologies are rarely studied especially by using autothermal reforming (ATR) method. This work explored the impact of operating conditions to the performance of DME ATR. Temperature, Steam to carbon ratio(SCR), Oxygen to carbon ratio(OCR) and Gas hourly space velocity(GHSV) were considered as the operating conditions. As results, conversion efficiency was increased as the temperature increased, but saturated around $700^{\circ}C$. There was no significant effect of SCR on conversion efficiency, but high SCR led reactions in endothermic manner. High OCR substantially suppressed conversion efficiency, but it helped to sustain the temperature by stimulating exothermic reactions. Conversion efficiency was decreased as GHSV increased. The optimized operating conditions was suggested: $700^{\circ}C$, SCR of 1.5, OCR of 0.45 and GHSV below 15000/h and conversion efficiency was ~85% at the conditions.

• Current Optics and Photonics
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• v.4 no.6
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• pp.571-575
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• 2020

Optical wireless power transmission (OWPT) is a good candidate for long-distance underwater wireless power transmission. In this work we investigate the transmission efficiency of underwater OWPT, depending on the operating wavelength. We consider four operating wavelengths: infrared, red, green, and blue. We also consider the cases of pure water and sea water for the working conditions. Our results show that it is necessary to select the operating wavelength of underwater OWPT according to the transmission distance and water type of the target application.

• Journal of Power Electronics
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• v.18 no.4
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• pp.1268-1277
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• 2018

A relatively high operating frequency is required for efficient wireless power transfer (WPT). However, the alternating current (AC) resistance of coils increases sharply with operating frequency, which possibly degrades overall efficiency. Hence, the evaluation of coil AC resistance is critical in selecting operating frequency to achieve good efficiency. For a Litz wire coil, AC resistance is attributed to the magnetic field, which leads to the skin effect, the proximity effect, and the corresponding conductive resistance and inductive resistance in the coil. A numerical calculation method based on the Biot-Savart law is proposed to calculate magnetic field strength over strands in Litz wire planar spiral coils to evaluate their AC resistance. An optimized frequency can be found to achieve the maximum efficiency of a WPT system based on the predicted resistance. Sample coils are manufactured to verify the resistance analysis method. A prototype WPT system is set up to conduct the experiments. The experiments show that the proposed method can accurately predict the AC resistance of Litz wire planar spiral coils and the optimized operating frequency for maximum efficiency.

• Korean Management Science Review
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• v.30 no.2
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• pp.97-106
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• 2013

Of the new and renewable energies currently being pursued domestically, wind energy, together with solar photovoltaic energy, is a new core growth driver industry of Korea. As of May 2012, 33 wind farms at a capacity of 347.8MW are in operation domestically. The purpose of this study was to compare and analyze how efficiently each operational wind farm is utilizing its power generation capacity and the weather resource of wind. For this purpose, the study proceeded in 3 phases. In phase 1, ANOVA analysis was performed for each wind farm, thereby categorizing farms according to capacity, region, generator manufacturer, and quantity of weather resources available and comparing and analyzing the differences among their operating efficiency. In phase 2, for comparative analysis of the operating efficiency of each farm, Data Envelopment Analysis (DEA) was used to calculate the efficiency index of individual farms. In the final phase, phase 3, regression analysis was used to analyze the effects of weather resources and the operating efficiency of the wind farm on the power generation per unit equipment. Results shows that for wind power generation, only a few farms had relatively high levels of operating efficiency, with most having low efficiency. Regression analysis showed that for wind farms, a 1 hour increase in wind speeds of at least 3m/s resulted in an average increase of 0.0000045MWh in power generation per 1MW generator equipment capacity, and a unit increase in the efficiency scale was found to result in approximately 0.20MWh power generation improvement per unit equipment.

• Proceedings of the KSME Conference
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• 2001.06e
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• pp.668-671
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• 2001

For the saving of energy consumption, it is necessary that the high efficient energy transfer machine. We found the optimum operating condition of screw water chiller during this performance test. The specifications of compressor for this performance test are as follows. Built-in volume ratio; Vi=2.4, using refrigerant; HCFC-22, nominal motor output; 60kW(80Hp). We found the test results on water cooled chiller standard test condition that the evaporating capacity is increased 8% maximum and 5.6% under same operating condition. and COP is increased 11 % max. and 8% under same operating condition with change of the evaporating inlet/outlet condition. For the results of these test, we can estimate the optimum operating condition of water cooled type screw chiller.

• Journal of Institute of Convergence Technology
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• v.1 no.2
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• pp.37-42
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• 2011

The purpose of this research is to improve nitrogen removal efficiency in winter season through rise of water temperature of extraneous water by using solar energy which is estimated to have great potential among new regeneration energy and while operating Plug-Flow Reactor to improve nitrogen removal efficiency by selecting A/O process among sewage waste water treatment processes as the necessity of solving the problem of nitrogen removal efficiency according to reduced water temperature in winter season and strengthening of water quality criteria regarding discharged sewage waste water suggested in the research background. Summarizing the research result, supply of solar energy source improves the function outstandingly when removing nitrogen, (nitrogen removal rate before operating solar energy 55.4% ${\rightarrow}$ nitrogen removal rate after operating solar energy 84.1%).

• Proceedings of the KIEE Conference
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• 1996.11a
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• pp.323-325
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• 1996

The design of Intelligent Energy Saving Power System Controller (IESPSC) for Telecom DC power plants is proposed and presented in this paper. From the past experience. rectifiers for Telecom DC power plants have been operated inefficiently at light loads. IESPSC offers "novel load sharing" approach based on the knowledge of each unit's efficiency of paralleled rectifiers. Neural networks is used for identifying each rectifier's efficiency characteristic curve corresponding to load currents, which is in turn utilized to produce a system efficiency close to the maximum under all operating conditions. In addition, by limiting the number of operating units to the minimum while maintaining high efficiency at the determined loads, a drastic savings in operating cost can be achieved.

• Magazine of the Korean Society of Agricultural Engineers
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• v.16 no.4
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• pp.3600-3610
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• 1974

Experimental work of batch-type dryer was conducted to develop its optimurm operating conditions by analyzing the major factors which affect the drying performance. A laboratory batch-type dryer was constructed and tested for various levels of heated-air rates, and depths of grain deposit. Tong-il rice variety having the initial moisture content of approximaely 23 per cent in wet basis was used for the experiment. The criteria selected for establishing the optimum operating condition were the drying performance rate, the thermal efficiency, and the operational cost of the dryer. The results of the study are summarized as follows: 1. The performance rate of dryer for a specific operating condition was defined as total amount of material dried per hour when the moisture content of grains in the upperlayer reaches to 16 per cent in wet basis. The optimum operating conditions as viewed in the rate of drying performance could be justified by functional realtionship between the depth of grain deposit and air flow rate. In other words, there was a definite depth of grain deposit for a given air-rate which make the dryer performance maximum. The optimum grain depth for the batch-type dryer with 3.3㎡ loading area and with the attached axial fan was about 35cm. 2. The thermal efficiency for the dryer was evaluated by the ratio of the latent heat required to evaporate the grain moisture to the heat input required to raise the ambient air-temperature to 40 degree centigrade. The optimum operating condition as viewed in term of thermal efficiency analyzed was that grater depth and lower air flow-rate may be desirable. This condition is contracted with the optimum condition as viewed by the dryer performance rate. 3. The annual operating cost of batch-type dryer was analyzed for different annual hour of use and for different operation condition. The optimum condition as viewed in terms of operating cost was almost identical to one as viewed in terms of dryer performance rate. Therefore, the most economical use of batch-type dryer for the same annual operating hours can be obtained when the dryer operated in the condition of maximum dryer performance rate. Increasing the annual operating hour may be desirable to cut down the dryer operation cost, since the annual hour of dryer use is much sensitive to the operating cost than any peractical conditions of dryer operation. 4. The most desirable operational condition as justified by combining all the criteria, dryer performance rate, thermal efficiency and annual operating cost, could be concluded to operate the dryer in the condition of maximum performance rate. The condition in general is identical to the lowest operation cost for a given annual operating hour.