• Title/Summary/Keyword: Overall efficiency

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Measuring the Efficiency of Maritime Transport Companies

  • Kang, Hyo-Won;Kim, Young-Min
    • Journal of Distribution Science
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    • v.15 no.11
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    • pp.59-72
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    • 2017
  • Purpose - This paper evaluated the efficiency performance of the three major maritime transport markets and examined the determinants of the performance. The firms' revenue fluctuates with the changes of the economic cycle; hence it is important for them to set up business strategies to improve efficiencies. A lack of efficiency measurements for shipping firms leads to a significant gap in determining their overall performance. Research design, data, and methodology - Each of DEA scores was adopted for the evaluation and panel regression was used to examine the impact of determinants on the performance. The analysis included 50 shipping firms from three maritime transport markets as follows; 15 firms of container liners, 18 firms of bulk carrier and 17 firms of tanker carriers, and its period was from 2010 to 2016. Results - In the CCR model, container liners were the highest, tanker carriers were the second, and bulk carriers were the lowest in operation efficiency and financial efficiency. By region, operation efficiency and financial efficiency was high in the order of America, Asia, and Europe. Conclusions - This study suggests business strategies for maritime transport companies based on the analytical results of determinants of operational and financial efficiency.

The Effects of Bancassurance on the Stability and Efficiency of Banks: A Simulation Study (방카슈랑스 확대에 따른 은행의 안전성 및 효율성 변화 분석)

  • Na, Dongmin
    • KDI Journal of Economic Policy
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    • v.28 no.1
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    • pp.49-93
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    • 2006
  • This paper conducts an empirical analysis on the effects of bancassurance on stability and efficiency of the Korean banking industry. The stability and the efficiency are measured using Z-score and composite functional form based on the annual data of 2000 to 2004 for all domestic banks and insurance companies. The stability test indicates that expansion of bancassurance decreases the stability of banks. Furthermore, the efficiency test implies that with the extension of bancassurance, the cost efficiency declines while revenue efficiency rises, which results in an overall increase of profit efficiency.

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Evaluation and Comparison of Bank Efficiency in Cross-Strait after ECFA

  • LIAO, Chang Sheng
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.783-793
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    • 2020
  • The purpose of this study is to investigate whether the ECFA impacted the efficiency of banks in China and Taiwan from 2008 to 2017. This study follows Seiford and Zhu (2002), who recommend using the standard data envelopment analysis model to measure performance by increasing the desirable outputs and decreasing the undesirables. The finding was that overall technical efficiency increased from 2012 to 2017, reaching 0.575, 0.652, 0617, 0.689, 0.701 and 0.74, respectively. This result implies bank efficiency did indeed improve after China and Taiwan signed the ECFA cooperation agreement. The study found that the mean technical efficiency was 0.8756 in China, greater than Taiwan's mean of 0.3511, implying that Chinese banks experienced a greater increase in efficiency after signing the EFCA. One possible reason explored in this study is that China's economy is currently growing at the highest rate in the world, and the banks' efficiency has benefited from greater economic growth. This suggests that cross-strait sustained negotiations to consummate an agreement on trade in the services will be a very important mission in the future. This result also provides significant evidence suggesting that not accounting for undesirable output while estimating the evolution of the model may seriously distort efficiency results.

Numerical Study on the Flow Characteristics of Uniflow Cyclone (단방향 사이클론의 유동 특성에 관한 수치해석적 연구)

  • Yan, Zheng-Qi;Zhang, Shuo;Shin, Weon Gyu
    • Journal of the Korean Society of Visualization
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    • v.18 no.3
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    • pp.77-83
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    • 2020
  • A uniflow cyclone has simple structure with a single channel in one direction. The one directional particle removal enables the uniflow cyclone to have compact size and low pressure drop. However, it has low collection efficiency compared to conventional cyclones. In this study, the effect of primary geometry on the performance of a uniflow cyclone with swirl vane is numerically investigated for the design of high performance uniflow cyclone. It is found that as the vortex finder diameter is increased, the pressure drop and the collection efficiency are decreased. Also, the same trend is predicted when the vortex finder height is increased. The best collection efficiency is predicted to be obtained when the vortex finder height is equal to the diameter of a cyclone. Reducing the body height by half will increase the pressure drop by 41%. When the body height is decreased, the collection efficiency is first increased and then decreased. The best collection efficiency is obtained when the body height is 4~5 times the cyclone diameter. Overall, the particle collection efficiency is highest when the Dν/D is equal to 0.3. But, the pressure drop is as high as 1592 Pa. Considering both collection efficiency and pressure drop, the best design is when Dν/D, Hν/D, and Hb/D are equal to 0.5, 1, and 5, respectively.

Efficiency Analysis of Spanish Container Ports Using Undesirable Variables and the Malmquist Index

  • Bernal, Maria Listan;Choi, Young-Seo;Park, Sung-Hoon;Yeo, Gi-Tae
    • Journal of Navigation and Port Research
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    • v.46 no.2
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    • pp.110-120
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    • 2022
  • Spain is Europe's second-largest country with total throughput reaching 16.7 million twenty-foot equivalent units (TEU) by 2020. The purpose of this study was to measure and compare the efficiency of 17 container terminals. As a study method, the DEA-CCR model, undesirable variable, and Malmquist Index (MI) were used for data envelopment analysis (DEA). The study results are as follow: (1) DEA-CCR is used to evaluate basic efficiency. The most efficient terminals are decision-making units DMU 1 (APM Terminals (Algeciras Port)), DMU 2 (Total Terminal International Algeciras (Algeciras Port)) and DMU 5 (Barcelona Europe South Terminal (Barcelona Port)). (2) Undesirable DEA was conducted to suggest inefficiency from the undesirable output. Overall, the efficiency scores were reduced. However, DMU 1, DMU 2, and DMU 5 maintained efficiency scores regardless of the finish factor. (3) Malmquist Index was used to observe technology and efficiency changes dynamically. The changes in TCI affected Spanish container terminals more than the Technical Efficiency Change Index (TECI) in 2018-2019. However, in 2019-2020, the TECI was 2.706, higher than the TCI value, indicating that the change in TECI had more influence on the increase in productivity. This study offers a broader understanding of Spanish container terminals.

A Study on Organic Solvent Measurement Using Diffusive Sampler (확산포집기를 이용한 공기 중 유기용제 포집에 관한 연구)

  • Park, Mi Jin;Yoon, Chung Sik;Paik, Nam Won
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.4 no.2
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    • pp.208-223
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    • 1994
  • The purpose of this study was to evaluate the efficiency of diffusive(or passive) sampler in measuring airbone organic solvents. Diffusive samplers are generally simple in construction and do not require power for operation. The efficiency of the diffusive samplers has not sufficiently been investigated in Korea. Three types of samplers were studied in this study. The sampling and analytical results by passive samplers were compared with results by charcoal tube method recommended by NIOSH(National Institute for Occupational Safty and Health). The following characteristics are identified and studied as critical to the performance passive monitors; recovery, reverse diffusion, storage stability, accuracy and precision, face velocity and humidity, n-Hexane, TCE(trichloroethylene) and toluene were used as test vapors. A dynamic vapor exposure system consisting of organic vapor generator and sampling chamber for evaluating diffusive samplers are made. The results of the study are summarized as follows. 1. NIOSH recommands that the overall accuracy of a sampling method in the range of 0.5 to 2.0 times the occupational health standard should be ${\pm}25$ percent for 95 percent confidence level. Among three types of diffusive samplers, sampler A has permeation membrane and samplers Band C have diffusive areas, samplers A and B met the criterion that overall accuracy for 95% confidence level of the samplers were within ${\pm}25$ percent of the reference value. Sampler C had overall accuracy ${\pm}9.6%$ and ${\pm}11.8%$ in hexane and TCE, respectively. The concentration of toluene was overestimated in sampler C with overall accuracy of ${\pm}43.9%$. 2. The desorption efficiencies of diffusive samplers were 96-107%. 3. There was no significant sampe loss during four weeks of storage both with and without refrigeration. 4. There was no significant reverse diffusion, when the samplers were exposure to clean air for 2 hours after sampling for 2 hours at the level of 2 TLY. 5. In case of 8 hours sampling, relative differences(RD) of concentrations between charcoal tube method and diffusive method were 15-39%, 13-46%, and 4-35% for sampler A, B and C, respectively. The performance was poor in 8 hours sampling for multiple substance monitors. 6. At high velocity(100 cm/sec), samplers B and C overestimated the concentrations of organic vapors, and sampler A with permeation membrance gave better results. 7. At 80% relative humidity, samplers showed no siginificant effect. Low humidity also did not affect the diffusive samplers.

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Applications of capacitation status for litter size enhancement in various pig breeds

  • Kwon, Woo-Sung;Shin, Dong-Ha;Ryu, Do-Yeal;Khatun, Amena;Rahman, Md Saidur;Pang, Myung-Geol
    • Asian-Australasian Journal of Animal Sciences
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    • v.31 no.6
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    • pp.842-850
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    • 2018
  • Objective: Several studies have reported the development of new molecular methods for the prognosis and diagnosis of male fertility based on biomarkers aimed at overcoming the limitations of conventional male fertility analysis tools. However, further studies are needed for the field application of these methods. Therefore, alternative methods based on existing semen analysis methods are required to improve production efficiency in the animal industry. Methods: we examined the possibility of improving litter size in various pig breeds using combined Hoechst 33258/chlortetracycline fluorescence (H33258/CTC) staining. The correlation between field fertility and capacitation status by combined H33258/CTC staining in different ejaculates spermatozoa (n = 3) from an individual boar (20 Landrace, 20 Yorkshire, and 20 Duroc) was evaluated as well as overall accuracy. Results: The acrosome reacted (AR) pattern after capacitation (%) was positively correlated with the litter size of Landrace, Yorkshire, and Duroc pigs and the overall accuracy was 75%, 75%, and 70% in Landrace, Yorkshire, and Duroc pigs, respectively. The difference (${\Delta}$) in AR pattern before and after capacitation was positively correlated with the litter size of Landrace, Yorkshire, and Duroc pigs and the overall accuracy was 80%, 65%, and 55% in Landrace, Yorkshire, and Duroc pigs, respectively. However, the difference (${\Delta}$) in capacitated (B) pattern before and after capacitation was negatively correlated with the litter size of Landrace pigs and the overall accuracy was 75%. Moreover, average litter size was significantly altered according to different combined H33258/CTC staining parameters. Conclusion: These results show that combined H33258/CTC staining may be used to predict male fertility in various breeds. However, the selection of specific efficiency combined H33258/CTC staining parameters requires further consideration. Taken together, these findings suggest that combined H33258/CTC staining may constitute an alternative method for predicting male fertility until such time as fertility-related biomarkers are further validated.

A Study on the Efficiency of Strategy of Korean Companies in India (한국기업의 인도진출 전략의 효율성에 관한 연구)

  • Kim, Changbong;Shim, Seop
    • International Commerce and Information Review
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    • v.19 no.3
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    • pp.45-61
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    • 2017
  • The purpose of this study is to examine the efficiency of Korean companies' entry strategy in India through the DEA model and to review the current status and competitiveness of Korean companies in India. To analyze 112 companies that entered India in analyzing the common variables among the major variables related to Korean companies' entry strategy into India. To measure efficiency, 'DEAR 2.1' An output - oriented CCR model and BBC model were used for the analysis to minimize the input and maximize the output factor. The results of the study on the relative efficiency analysis of the investment strategy of the companies in India are as follows. First, six firm was analyzed efficiently in the CCR model and most firms showed inefficiency in management. Second, even with the BCC model, which represents pure technology efficiency, 103 companies were analyzed efficiently as well. Unlike the CCR, overall technology efficiency of firms was high. Third, as a result of analyzing the efficiency of the scale, it was found that six company showed efficient efficiency, and most of the companies showed inefficiency overall. Companies with inefficiencies should increase efficiency by expanding their scale. Based on the above analysis, it is expected that the companies that will enter India in the future should secure the human and material resources to realize economies of scale considering the number of employees, investment scale, investment type and industry.

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An Efficiency Analysis of Integrated Online and Offline Operations of Listed Retail Companies -Focusing on 28 listed retail companies in China- (상장 소매업체의 온라인·오프라인 통합 운영 효율성 분석 -중국 28개 상장 소매업체를 중심으로-)

  • Wu, Li-Yan;Kim, Gui-Jung;Kim, Hyung-Ho
    • Journal of Digital Convergence
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    • v.18 no.1
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    • pp.73-81
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    • 2020
  • The purpose of this paper is to analyze the efficiency of on-off-line integrated operations of listed retailers, propose ways to identify and improve the problems of inefficient enterprises, and accelerate the integration of on-off-line. The 28 listed retail companies selected total capital, management expenses, number of employees and wage rates as input factors as of 2018 and total operating income and operating profit were selected as output indicators to analyze efficiency using DEA. The results show that the integrated enterprise has a higher overall level of operational efficiency, but it is still in a state of stagnation. The pure technical efficiency of the integrated enterprise is generally higher, and the scale efficiency is the main reason that the overall efficiency of the enterprise is not improved. This study can help retail companies adjust their development strategies of online and offline integration according to their own degree of online and offline integration. This study has limitations in explaining the change in efficiency of retailers by conducting a cross-sectional analysis using data limited to 2018. It is necessary to utilize data over the next several years to conduct a longitudinal analysis.

A Genetic-Algorithm-Based Optimized Clustering for Energy-Efficient Routing in MWSN

  • Sara, Getsy S.;Devi, S. Prasanna;Sridharan, D.
    • ETRI Journal
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    • v.34 no.6
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    • pp.922-931
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    • 2012
  • With the increasing demands for mobile wireless sensor networks in recent years, designing an energy-efficient clustering and routing protocol has become very important. This paper provides an analytical model to evaluate the power consumption of a mobile sensor node. Based on this, a clustering algorithm is designed to optimize the energy efficiency during cluster head formation. A genetic algorithm technique is employed to find the near-optimal threshold for residual energy below which a node has to give up its role of being the cluster head. This clustering algorithm along with a hybrid routing concept is applied as the near-optimal energy-efficient routing technique to increase the overall efficiency of the network. Compared to the mobile low energy adaptive clustering hierarchy protocol, the simulation studies reveal that the energy-efficient routing technique produces a longer network lifetime and achieves better energy efficiency.