• Title/Summary/Keyword: Overall technical efficiency

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The Determinants of the Efficiency of Korean Ports - Using Panel Analysis and Heteroscedastic Tobit Model - (국내항만의 효율성 결정요소 - 패널분석과 이분산 토빗모형을 이용하여 -)

  • Mo, Su-Won
    • Journal of Korea Port Economic Association
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    • v.24 no.4
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    • pp.349-361
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    • 2008
  • There has been abundant empirical research undertaken on the technical efficiency of Korean ports. Most studies have focused on the use of parametric and non-parametric techniques to analyse overall technical efficiency. This paper utilizes data for the period 2000-07 to offer a heterogeneous perspective on the overall efficiency of Korean ports. The framework assumes that ports use one input to produce one output; the output and input include port export(import) and regional export(import). This paper also employs panel analysis and heteroscedastic Tobit model to show the effect of the explanatory variables on the port efficiencies. The panel analysis shows that the regional export/total export has negative effect on the export efficiency while the regional import/total import has not any relations with the import efficiency. The heteroskedastic Tobit model shows that both regional export ratio and regional import ratio have negative effects on the efficiency while the gross regional domestic product has not any significant relations with the import efficiency.

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How Productive Are Life Insurance Institutions in Malaysia? A Malmquist Approach

  • Masud, Muhammad Mehedi;Rana, Md. Sohel;Mia, Md Aslam;Saifullah, Md. Khaled
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.241-248
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    • 2019
  • The purpose of this study is to investigate empirical evidences of productivity of life insurance institutions in Malaysia. Therefore, this study attempts to explore the productivity of the life insurance institutions in Malaysia. The overall findings show that the total factor productivity (TFP) has progressed by 2.5% per year during the study period from 2012 to 2016 in the Malaysian insurance industry. However, TFP change has declined from 2012 to 2015 and observed a negative growth in 2015-16 (3.3%). The highest productivity progress was documented during 2012-13 at a rate of 11.7% while the minimum productivity progress was during 2014-15 (only 0.2%). The results also indicate that the decomposition of TFP found that overall progress could mainly be attributed to technological change (TC). However, technical efficiency change (TEC) and pure technical efficiency change (PTE) have negative impact on TFP. The findings also show that most of the insurance companies have a steady growth. Therefore, this study will contribute new insights for the policy makers and insurance institutions to take appropriate steps in developing relevant policies for increasing productivity of insurance institutions in Malaysia.

An Analysis of Economic Efficiency of Fruits Farms: the Case of Apples, Pears, and Grapes Farms (과수 재배농가의 경영효율성 분석: 사과·배·포도를 중심으로)

  • Lee, ChoonSoo;Yun, Sung-Ju;Kim, GunA;Yang, Seung-Ryong
    • Korean Journal of Organic Agriculture
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    • v.23 no.4
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    • pp.615-641
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    • 2015
  • This study analyzes an economic efficiencies of apples, pears, and grapes farming. We evaluate an annual economic overall efficiency (OE), allocative efficiency (AE), technology efficiency (TE), pure technology efficiency (PTE), and scale efficiency (SE) using data envelopment analysis (DEA). We also measure returns to scale of farms, and the change of technical efficiency of frontier farms. Lastly we estimate the effects of some explanatory variables on allocative, pure technical, and scale efficiencies.

Measuring Efficiency and Productivity of the Korean Public Hospitals (공공병원의 효율성 및 생산성 분석)

  • You Taewoo;Yim Jongeun;Zi Hongmin
    • Journal of the Korean Operations Research and Management Science Society
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    • v.29 no.3
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    • pp.79-98
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    • 2004
  • Despite its contribution to the Korean medical service industry the question of how efficiently the Korean public hospitals have operated has been unresolved. This study gauges and analyzes the overall efficiency and the Malmquist productivity index in the industry over the period 1992 through 2001. In addition to cost efficiency. we also measure technical, allocative, pure technical and scale efficiencies. Furthermore. the Malmquist index is decomposed into efficiency and frontier changes. We identify several important factors which seem to have strong relationship with various inefficiency estimates. The results indicate that on average the public hospitals has wasted a significant amount of resources and costs over the period. Unlike many other industries, the low level of cost efficiency of the public hospital industry is mainly due to allocative inefficiency rather than technical inefficiency. The Maimquist productivity indices seem both due to the frontier change and efficiency change, but with more effect by the former. The results also indicate that the turnover of hospital beds has played an important role in determining efficiency and productivity of this important industry.

Productivity of the Health Center and Efficient Inputs & Outputs in Kyungnam Province (보건소 보건사업의 효율성 평가와 정책적 의의 - DEA를 이용한 경상남도 사례분석 -)

  • 김진현;유왕근
    • Health Policy and Management
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    • v.9 no.4
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    • pp.87-119
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    • 1999
  • The main purpose of this research is to measure and analyze how productive the health centers are and how much inputs(or outputs) in the inefficient health centers should be decreased(or increased) for efficiency. The evaluation of the performance of health centers gives a strong incentive to improve resource allocation in regional health planning. It has been, however, implemented very rarely until now. In this regard, this paper measures the performance of the health centers with a single indicator for multiple-outputs in terms of productivity(technical efficiency), based on Data Envelopment method. The 20 Kyungnam health centers which provide clinic services and specific primary health care services were analyzed. The results show that 50.0% of 20 health centers were productive with respective to overall technical efficiency, 65.0% were productive for pure technical efficiency, and 50.0% for scale efficiency. The inefficient group includes Geoje, Mahsan, Miryang, Sahchun, Tongyoung, Gosung, Nahmhae, Euryang, Hahmahn, Hahbchun health centers. The worst case was identified as Tongyoung health center which represented a 47.5% efficiency, compared with productive health centers. The empirical results for input-output analysis indicates that the low-productive health centers have excessive manpower in administration department, producing low outputs in clinical services and vaccination program. These findings imply that a systemic evaluation of the performance of the Korean health centers and the subsequent structural reform are strongly required.

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The estimation of the productivity in adjacent water fisheries (연근해어업 업종별 생산성 추정에 관한 연구)

  • Park, Cheol-Hyung
    • The Journal of Fisheries Business Administration
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    • v.45 no.1
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    • pp.63-77
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    • 2014
  • This study is to estimate the recent changes in total factor productivity of 15 Korean adjacent water fisheries based on Malmquist productivity indices. The study adopted both input and output oriented productivity measures utilizing a hyperbola distance function. In addition to this point, the study also calculated the 95% confidence interval for the various components of the productivities in order to access the statistical significance of estimates using 2000 times of re-sampling process through the smoothed bootstraping. The results of the study showed us that there was 18% reduction in the overall total factor productivity during the study period from 2007 to 2011, which turned out to be 5% of annual decrease in productivity. The study found that the main reason of this decrease in total productivity is about 22% downward shift of a fisheries production function due to recent conditions of a devastated fishing ground. When we evaluated the statistical significance of changes in technical efficiency combining both pure technical and scale efficiency based on the 95% confidence intervals, we could not find any evidence of changes in those components of total factor productivity. When we accessed the productivity of the each of 15 adjacent water fisheries methods, only the large danish seine fisheries showed us about 7% increase in productivity. Even though the large trawling and the large tow-boat trawling revealed no changes in productivity, all of the other 12 fisheries suffered the decreases in productivities.

An Efficiency Evaluation of Public Health Center by Data Envelopment Analysis -Focused on Public Health Centers of Gyeongnam Province- (자료포락분석을 이용한 보건사업의 효율성 평가 -경상남도 보건소를 중심으로-)

  • Yang, Jong-Hyun;Chang, Dong-Min
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.6
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    • pp.2129-2137
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    • 2010
  • In this research, we analyze the efficiency of 20 public health centers of Gyeongnam Province, so the reduction and weakness of input and output factor were found. We used the CCR, BCC model of Data Envelopment Analysis as a method of evaluation, made a choice human resource as the input variable, made a selection the performance of health care center, ward as the output variable. The results show that 12(60%) public health centers in 20 were productive with respective to overall Technical Efficiency(average score 0.868), 14(70%) with respective to overall Pure Technical Efficiency(average score 0.924) and 12(60%) with respective to overall Scale Efficiency(average score 0.933). It is expected that this research can provide a good data for effective management of public health centers.

The Effect of Technical Innovation on Producer Services Industry Development in China: Evidence from Fujian Province

  • LIAO, Chang Sheng
    • 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.

Analysis, Design, and Implementation of a Zero-Voltage-Transition Interleaved Boost Converter

  • Ting, Naim Suleyman;Sahin, Yakup;Aksoy, Ismail
    • Journal of Power Electronics
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    • v.17 no.1
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    • pp.41-55
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    • 2017
  • This study proposes a novel zero voltage transition (ZVT) pulse width modulation (PWM) DC-DC interleaved boost converter with an active snubber cell. All the semiconductor devices in the converter turn on and off with soft switching to reduce the switching power losses and improve the overall efficiency. Through the interleaved approach, the current stresses of the main devices and the ripple of the output voltage and input current are reduced. The main switches turn on with ZVT and turn off with zero voltage switching (ZVS). The auxiliary switch turns on with zero current switching (ZCS) and turns off with ZVS. In addition, the snubber cell does not create additional current or voltage stress on the main switches and main diodes. The proposed converter can smoothly achieve soft switching characteristics even under light load conditions. The theoretical analysis and operating stages of the proposed converter are made for the D > 50% and D < 50% modes. Finally, a prototype of the proposed converter is implemented, and the experimental results are given in detail for 500 W and 50 kHz. The overall efficiency of the proposed converter reached 95.5% at nominal output power.

Efficiency of Marine Hydropower Farms Consisting of MultipleVertical Axis Cross-Flow Turbines

  • Georgescu, Andrei-Mugur;Georgescu, Sanda-Carmen;Cosoiu, Costin Ioan;Alboiu, Nicolae
    • International Journal of Fluid Machinery and Systems
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    • v.4 no.1
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    • pp.150-160
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    • 2011
  • This study focuses on the Achard turbine, a vertical axis, cross-flow, marine current turbine module. Similar modules can be superposed to form towers. A marine or river hydropower farm consists of a cluster of barges, each gathering several parallel rows of towers, running in stabilized current. Two-dimensional numerical modelling is performed in a horizontal cross-section of all towers, using FLUENT and COMSOL Multiphysics. Numerical models validation with experimental results is performed through the velocity distribution, depicted by Acoustic Doppler Velocimetry, in the wake of the middle turbine within a farm model. As long as the numerical flow in the wake fits the experiments, the numerical results for the power coefficient (turbine efficiency) are trustworthy. The overall farm efficiency, with respect to the spatial arrangement of the towers, was depicted by 2D modelling of the unsteady flow inside the farm, using COMSOL Multiphysics. Rows of overlapping parallel towers ensure the increase of global efficiency of the farm.