• Title/Summary/Keyword: Profitability Index

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Cost Reduction and Improving Profitability of Par Level Transfer System for Reagent Materials (정량보충제 도입에 따른 비용절감 및 수익성 증대 효과)

  • Vae, Suk Jin;Hwang, Sung Wan
    • Korea Journal of Hospital Management
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    • v.17 no.4
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    • pp.21-31
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    • 2012
  • This is a case study of Gangnam S University Hospital applying a par level transfer system for reagent materials. The purpose of this study is evaluated on the cutting down on inventory expenses and medical service revenue in the point of resource based view. The data was acquired through the financial statement of Gangnam S Hospital for the fiscal year 2008, 2009, 2010 and 2011, and compared with the Korea health industry statistics index for hospital accounts based on the materials in Korea Health Industry Development Institute. The results of the study are as follows. Medical reagent materials expenditure cut down as 305 million won through 2009 fiscal year. Medical profits for the Gangnam S University hospital's income statement in 2011 show well over acquired 3.37 billion won through the enlarged diagnostic test numbers. In conclusion, Gangnam S University Hospital health statistics's index shows very high profits. The results of this study have some limitations in terms of generalization as only one hospital in Seoul. Further studies with relationship inventory performance and enlarged reagent materials are expected in this area.

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Development of Labor Productivity Index for Steel Construction (철골공사의 노동생산지수 개발)

  • Kang Byoung-Ryoul;Kim Ki-Sung;Um Ik-Joon;Koo Kyo-Jin
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.353-357
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    • 2004
  • The construction competition is more deepened with the enterprise possibility increase which it follows in the regulation relaxation back against the construction market penetration which carries and the instability of market is added an extra weight and it solves the aspect where also the profitability which is caused by with low price bidding decreases. Against a productivity with the overcome plan it is researched plentifully and the far for a productivity improvement, there is so far to construction, the productivity being used with only include meaning, is to a practical affairs and the application ver)r as the level which is feeble is a possibility of doing. It is like that and the research develops the producing district possibility of new steel-frame work and in the actuality which sees the production volume of steel-frame work and a construction accomplishment process effectively and to be right numerical figures it does it plans it controls and manages the place ultimate objective which it puts.

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Productivity Changes in Korea Railway Lines Using MPI (MPI를 이용한 한국철도 노선별 생산성 변화 분석)

  • Kim, Hyun-Woong;Lee, Jin-Sun
    • Journal of the Korean Society for Railway
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    • v.13 no.4
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    • pp.462-467
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    • 2010
  • This paper uses MPI (Malmquist Production Index) method to provide basic information and policy direction derived to improve the productivity. This can identify whether or not the railroad service have excellent services, if there are structural problem, in which sector is experiencing a degree of productivity, in which sector should be set targets to some degree. According to the result, the productivity of Korea railway lines is measured 1.1 both publicity and profitability aspects. Changes in production technology were the most important causes. Strategic planning should consider to increase the productivity such as modernization of facilities and equipment, cost savings, and increase in productivity of employee and rail cars.

A Comparative Study on the Management Performance of General Retail Companies in Korea: For Department store, TV home­shopping, Internet & Mobile shopping (우리나라 종합소매업의 경영성과에 관한 비교 연구 - 백화점, TV홈쇼핑, 온라인쇼핑몰 업태를 대상으로 -)

  • Koo, Kyoungmo
    • Journal of Korea Port Economic Association
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    • v.35 no.4
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    • pp.31-50
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    • 2019
  • The retail industry has been coping with changes in the retail market environment for the past decade or so. Using a total of 14 companies, this study aims to reveal the effect of differences in sales channels and retail business styles on the management performance of retail companies. The financial statements of these companies were used to analyze the five key indicators of their management performance. As research variables, sales channels, retail business style and business period were used as factors affecting their management performance. ANOVA or MANOVA was performed to test differences in management performance between groups according to the number of factors. The effect of three factors on the management performance of retail companies was found to be significant. The multi-comparison test revealed significant differences among retail business styles in terms of the five key indicators. TV home-shopping performed better than others in terms of stability and profitability. Internet and mobile shopping companies performed poorly in terms of profitability compared to others and performed higher than department stores in terms of growth, activity, and productivity.

Developing a decision support system for selecting new crops

  • Jung, Guhyun;Jeon, Myounghee;Lee, Jinhong;Park, Heundong;Lee, Seyong;Kim, Joonyong
    • Agribusiness and Information Management
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    • v.10 no.2
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    • pp.8-17
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    • 2018
  • Due to changes in the agricultural market environment and both overseas and domestic farming conditions, uncertainties in agricultural production and management are becoming greater. Hence, there is a stronger need for farmers to choose crops in the optimal condition. This research aims to introduce the result and process of developing a decision support system for selecting crops, aimed to assist farmers in selecting the optimal crops most suitable in the given situation. There are basically three main factors to consider in the decision-making process for farmers when selecting a crop to introduce to their lands. First of all, one must consider how much profit crop A will produce when it is cultivated. Secondly, one must consider which crop to cultivate in order to earn a certain amount of profit. Thirdly, one must consider what is the best way to maximize Farm A's business profit. For instance, a farm may have land as its resource, and one must research which location, type of crop, level of technology, and so forth, to maximize profit.This research creates a database of the profitability of a total of 180 crop types by analyzing Rural Development Administration's survey of agricultural products income of 115 crop types, small land profitability index survey of 53 crop types, and Statistics Korea's survey of production costs of 12 crop types. Furthermore, this research presents the result and developmental process of a web-based crop introduction decision support system that provides overseas cases of new crop introduction support programs, as well as databases of outstanding business success cases of each crop type researched by agricultural institutions.

Quality and Environmental Performance Indices for Electrical Appliance Recycling in Taiwan

  • Shih, Li-Hsing;Lan, Yuan-Bo
    • Proceedings of the IEEK Conference
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    • 2001.10a
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    • pp.65-70
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    • 2001
  • Six recycling plants have started operation for recycling scrap home appliances since the spring of 2000 in Taiwan. The performance of the plants has not yet been measured during the 18-month period. The performance measurement, however, can be looked in several aspects. Because of the nature of these recycling plants, at least three aspects, namely government (representing general public), appliance manufacturers and owners of the recycling plants themselves should be considered in the performance evaluation. This study proposes various performance indices categorized in four groups: profitability, recyclability, automation and environment. The indices are different from the productivity and cost measures that are used in conventional manufacturing plants. Performances of three existing plants in Taiwan are evaluated as illustrative examples to demonstrate the use of the proposed measures. The practical implications of the performance indices are also discussed.

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Analysis of Change of Construction Material Price by International Oil Price Fluctuation (국제유가 변동에 따른 건설자재가격 변화 분석)

  • Park, Jin-Yong;Byun, Jeong-Yoon;Yoo, Seung-Kyu;Kim, Ju-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.319-320
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    • 2012
  • International oil prices is the world's leading macroeconomic indicators. Rising international oil price has been worsening. profitability of construction company including material cost as well stagnation in housing market. Thus, according to fluctuations in international oil prices has cost index need to see any change happening there. in this study, 2000 to 2011 interest rates, exchange rates and oil price fluctuations in construction cost is to compare the impact.

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Optimal Capacity and Allocation of Distributed Generation by Minimum Operation Cost in Distribution Systems

  • Shim Hun;Park Jung-Hoon;Bae In-Su;Kim Jin-O
    • KIEE International Transactions on Power Engineering
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    • v.5A no.1
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    • pp.9-15
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    • 2005
  • In the operation of distribution systems, DGs (Distributed Generations) are installed as an alternative to extension and the establishment of substations, transmission and distribution lines according to the increasing power demand. In the operation planning of DGs, determining optimal capacity and allocation achieves economical profitability and improves the reliability of power distribution systems. This paper proposes a determining method for the optimal number, size and allocation of DGs in order to minimize the operation costs of distribution systems. Capacity and allocation of DGs for economical operation planning duration are determined to minimize total cost composed with power buying cost, operation cost of DGs, loss cost and outage cost using the GA (Genetic Algorithm).

Effect of Ridging System and Mulch Types on Growth, Yield, and Profitability of Potato (Solanum tuberosum L.) in Spring Cropping (감자(Solanum tuberosum L.) 봄재배 시 작휴와 멀칭이 생육, 수량 및 경제성에 미치는 영향)

  • Im, Ju Sung;Cho, Ji Hong;Cho, Kwang Soo;Chang, Dong Chil;Jin, Yong Ik;Yu, Hong Seob;Lee, Jong Nam
    • Korean Journal of Environmental Agriculture
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    • v.35 no.3
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    • pp.202-210
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    • 2016
  • BACKGROUND: This study was conducted to determine effects of ridging systems and plastic film mulch types on growth, yield, and profitability of potato (Solanum tuberosum L.) in spring cropping using paddy field and to suggest profitable ridging system and plastic mulch type.METHODS AND RESULTS: Two potato cultivars ('Goun', and 'Atlantic') were grown at paddy field located in Gangneung in spring. For treatments, ridging systems were one-row ridge (OR) and two-row ridge (TR). Mulch types were no-mulch (NM), black plastic film mulch (BPM), and transparent plastic film mulch (TPM). Emergence of sprout was affected by the mulch types and the fastest level was shown at TPM treatment. Accumulative soil temperature during sprouting was 16.2℃ higher at TR than at OR and also higher at TPM than at BPM or NM. Stem length was not affected by ridging systems or mulch types. Leaf area index (LAI) was influenced by mulch types, while not by ridging systems. The highest LAI was shown at TR with TPM and OR of BPM. There was no significant difference in specific gravity or dry matter rate by ridging systems and mulch types. Tuber yield was significantly influenced by ridging systems and mulch types. Mean tuber weight was heavier at OR treatment than at TR and also the heaviest at TPM among mulch types. The highest marketable yield was found at OR with BPM. Based on marketable tuber yield and market price, the highest income ratio in two cultivars was found at OR with BPM and it was 20~82% higher than the ratio at TR with TPM.CONCLUSION: In spring potato cropping using paddy field, OR with BPM is better for high yield and is more profitable for farmer's income than the conventional cultivation method, TR with TPM.

The factors affecting therapeutical diversification of domestic pharmaceutical companies in Korea (국내 제약기업의 치료제 질환분야 다각화 결정요인)

  • Jung, Seung-Yeon;Lee, Sang-Won
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.10
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    • pp.490-497
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    • 2018
  • This study is to identify factors influencing therapeutic diversification strategy for Korean pharmaceutical companies. So, it purposes to find deciding factors for companies to adopt strategy for diversification or specialization. In this paper, we set six factors that are expected to influence diversification. The factors are asset scale, sales, profitability, and growth potential. Also, we included number of employees and SG&A cost ratio as factors that reflect business characteristics. We analyzed the impacts of each factor on diversification and found a relationship amongst each other. In this paper, regression analysis is applied with forward selection method, considering that it takes 5 years for companies to decide on diversification strategy. As a result, asset scale, the number of employees and profitability have significantly influenced decisions of diversification at t-1 time, and growth potential was significantly influenced at t-2 time. Korean pharmaceutical companies generally tend to go with specialization model if they have larger asset scale, higher profitability and growth potential. However, they have tendency to decide on diversification strategy, if they have large number of employees. Overall, the result of this study is expected to provide useful information for Korean pharmaceutical companies to set the suitable strategy for their situation to become a competitive company in global pharmaceutical market.