• Title/Summary/Keyword: Two-stage DEA

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Network-DEA를 활용한 한국 지역혁신체제의 효율성 진단과 결정요인 분석

  • Eom, Ik-Cheon;Cheon, Se-Bong;Eom, Ji-Yeong;An, Ji-Hye;Lee, Hyeon-Ik
    • Proceedings of the Korea Technology Innovation Society Conference
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    • 2017.11a
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    • pp.131-131
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    • 2017
  • 그동안 지역혁신체제론의 관점에서 지역연구개발시스템의 효율성을 분석하는 다양한 연구가 수행되었다. 하지만 (1)지역연구개발시스템의 내부 처리과정 고려 미흡과 (2)연구개발의 특수성을 고려하지 못한 효율성의 분석모형 설정, (3)투입 산출지표 설정의 타당성 부족, (4)산출된 효율성 지수의 민감도 분석 소홀 등의 여러 한계점이 존재한다. 특히 5~10년 이내의 단기간으로 접근함에 따라 지역연구개발시스템의 효율성이 어떻게 변모해왔는지 그 역동성을 상세히 고찰하지 못하였다. 따라서 본 연구에서는 1999년~2014년까지 16개 광역지방자치단체를 대상으로 네트워크 자료포락분석(Network Data Envelope Analysis: DEA)의 2단계 접근법(two-stage approach)을 활용해서 지역연구개발시스템의 효율성을 분석하고 주요 개선방향들을 논의하였다.

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Optimal Capital Adequacy Ratios for Commercial Banks: Empirical Evidence from Vietnam

  • LUONG, Thi Minh Nhi;NGUYEN, Phuong Anh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.47-56
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    • 2021
  • It is unavoidable for businesses, especially commercial banks, to compete with other firms and financial institutions in a globalized and internationalized world. Basel I, II, and III were developed by the Basel Committee on Banking Supervision with the primary purpose of supporting banks in dealing with potential risks and enhancing their ability to absorb losses. Basel II and III require the minimum capital adequacy ratio (CAR) of 8% and 10.5%, respectively. This paper estimates the optimal CAR of 26 commercial banks in Vietnam from 2016 to 2020 using the two-stage DEA method. According to the empirical findings, banks with ideal CARs exceeding 8% (as defined by Basel II) and 10.5 percent (as defined by Basel III) account for approximately 98 percent and 88 percent of all banks, respectively. Furthermore, 75.83 percent of all banks need to boost their existing CAR to achieve the optimal level of CAR as well as obtain the best performance. On average, the optimal CAR of state-owned banks is higher than other joint-stock banks, respectively 26 percent and 19 percent. Consequently, it is recommended for Vietnam commercial banks to reach optimal CAR and comply with the new policy set by Basel III with the purpose of approaching the efficient frontier.

A Study on the Stepwise Benchmarking Method for Efficient Operation of Student Education Support (학생 교육지원의 효율적 운영에 대한 단계적 벤치마킹 방안 연구)

  • Jeong, Kyu-Han;Lee, Jang-Hee
    • Journal of Practical Engineering Education
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    • v.12 no.1
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    • pp.213-230
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    • 2020
  • Until now, various educational budgets, facilities, and programs have been put into school education, but the results have not been clearly evaluated. This study presents a model to analyze the effectiveness of educational support for students in high schools across the country. In this model, we first use EM cluster analysis to make clusters with similar inputs for school operation, and then calculate the relative efficiency in each cluster by using Network DEA analysis. The Network DEA analysis has a two-stage structure where the first stage uses six inputs in terms of school infrastructure to generate outputs such as the number of academic persistence. In the Network DEA analysis, the second stage uses 10 inputs in terms of school programs to generate outputs such as the number of enrollees to higher learning and the number of employees and per capita usage of library as the connection variable. Based on the efficiency analysis results, Tier analysis is performed by applying the Euclidean distance to select targets for benchmarking. In this study, we applied the model to analyze the efficiency of educational support by collecting data regarding student education support in general and vocational high school nationwide. The stepwise benchmarking method proposed that the target be selected for efficiency improvement step by step, taking into account inefficient school elements to complement the problem of the choice of benchmarking targets. Based on this study, it is expected that schools with low efficiency of educational support for students will be used as basic data for stepwise benchmarking for efficient operation of educational support for students.

Efficiency Analysis of Organic Farm Management (유기농업 실천농가의 경영효율성 분석)

  • Kim, Chang-Gil;Lee, Sang-Gun;Kim, Tae-Young
    • Korean Journal of Organic Agriculture
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    • v.17 no.1
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    • pp.19-33
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    • 2009
  • This paper evaluates the technical efficiency of organic farm management practices and studies its main determinants in Hongdongmyeon of Hongsung county, Chungnam province. The analysis is performed in two stages. First, the efficiency is measured via the nonparametric "Data Envelopment Analysis" (DEA) technique. The DEA models are constructed not only to assess the overall technical efficiency of organic fanning practices but also to evaluate the management efficiencies. In a second stage critical determinants of efficiency are determined using a Tobit model. In this analysis the focus is on technical and socio-economic variables. The analytical results show that technically efficient farms is about 13 percent and the mean technical efficiency is found to be 0.73 indicating that many farms are not operating at an efficient scale.

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R&D Investment and Operational Efficiency Analysis of IT Firms : Comparative Analysis of Service and Manufacturing Sectors (IT 기업의 R&D 투자 및 운영 효율성 분석 : 서비스업 및 제조업의 비교를 중심으로)

  • Kim, Changhee;Lee, Gyusuk;Kim, Soowook
    • Journal of Information Technology Services
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    • v.15 no.2
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    • pp.51-63
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    • 2016
  • In this study, we conducted a comparative analysis of R&D investment efficiency and operational efficiency of IT firms using Data Envelopment Analysis (DEA). We categorized thirteen sample firms into two groups-IT manufacturing and IT service-after an extensive literature review on IT industry classification. We adopted an output-oriented two-stage DEA model suggested by Banker et al. (1984) with total asset and R&D investment as input variables. Then, we constructed investment efficiency and operational efficiency by using Return on Equity (ROE) and Return on Asset (ROA) as intervening variables and operating income and Earnings Per Share (EPS) as output variables. The outcome of the analysis is summarized as follows. First of all, IT manufacturing firms were more efficient (57% on average) than IT service firms. To be specific, IT service firms showed decreasing returns to scale (DRS) with diseconomy of scale. In contrast, IT service firms showed higher operational efficiency (81.5% on average) than IT manufacturing firms. Also, we conducted a Mann-Whitney U test to compare the output of IT service firms and IT manufacturing firms. Lastly, we found a negative correlation ($R^2$ = -.754) between R&D investment efficiency and operational efficiency which infers the trade-off between two constructs

Comparative Analysis on the Green Productivity and Its Determinants among G20 Countries (G20 국가들의 녹색생산성과 그 결정요인의 비교분석)

  • Choi, Yongrok
    • International Area Studies Review
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    • v.15 no.3
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    • pp.307-324
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    • 2011
  • The global economic crisis made most of governments to overcome the economic depression as well as the challenging tasks for global warming. It is not easy political vision to harmonize these two rabbits race, and thus it needs to be developed new paradigm for the sustainable development. Unfortunately, the traditional cost-approach based productivity could not resolve this trade-off relation. Therefore, the paper is aimed to develop new approach on the green productivity index with the DEA models in the 1st stage, and then based on these green productivity scores, the paper is analyzed the determinants of these green productivity in the 2nd stage among the G 20 countries. The empirical result shows that the effect of GDP, carbon intensity, and capital and labor intensity toward the green growth is positive on the green productivity, while the level of government efforts is not significant on the green productivity.

Structural damage detection using a multi-stage improved differential evolution algorithm (Numerical and experimental)

  • Seyedpoor, Seyed Mohammad;Norouzi, Eshagh;Ghasemi, Sara
    • Smart Structures and Systems
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    • v.21 no.2
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    • pp.235-248
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    • 2018
  • An efficient method utilizing the multi-stage improved differential evolution algorithm (MSIDEA) as an optimization solver is presented here to detect the multiple-damage of structural systems. Natural frequency changes of a structure are considered as a criterion for damage occurrence. The structural damage detection problem is first transmuted into a standard optimization problem dealing with continuous variables, and then the MSIDEA is utilized to solve the optimization problem for finding the site and severity of structural damage. In order to assess the performance of the proposed method for damage identification, an experimental study and two numerical examples with considering measurement noise are considered. All the results demonstrate the effectiveness of the proposed method for accurately determining the site and severity of multiple-damage. Also, the performance of the MSIDEA for damage detection compared to the standard differential evolution algorithm (DEA) is confirmed by test examples.

An Analysis of Causes of the Management Inefficiency of Forest Products Farms - The Case of Jujube, Bitter Persimmon, and Chestnut Farms - (임산물 농가의 경영 비효율성 원인 분석 - 대추, 떫은감, 밤 농가를 대상으로 -)

  • Lee, Choon-Soo;Chong, Ho-Gun
    • Korean Journal of Organic Agriculture
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    • v.31 no.4
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    • pp.357-380
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    • 2023
  • This study analyzed the management efficiency of jujube, bitter persimmon, and chestnut farms using data envelopment analysis (DEA). And this study analyzed causes affecting management inefficiency of those farms using the two-step method. The main findings are as follows. First, as self and employment labor costs are increased, it is important to reduce labor costs which account for 60~70% of the total production cost. Second, efforts to improve management efficiency are needed as overall efficiency of farms were decreased. Third, a pesticide cost per 10a representing a level of pesticide had a negative effect or did not have a statistically significant effect on the management efficiency. This implies that expanding environment-friendly production by reducing pesticides is effective for improving the management efficiency. Fourth, as leading farms were more efficient than general farms, technology dissemination and education through leading farms are important for improving efficiency, and efforts are needed to promote exchange between leading and general farms.

A Study on the Model Development and Empirical Application for Measuring and Verifying Value Chain Efficiency of Domestic Seaport Investment (국내항만투자의 가치사슬효율성 측정 및 검증을 위한 모형개발 및 실증적 적용에 관한 연구)

  • Park, Ro-Kyung
    • Journal of Korea Port Economic Association
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    • v.25 no.3
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    • pp.139-164
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    • 2009
  • The purpose of this paper is to investigate the value chain efficiency of Korean port investment by using the newly developed multi-year and multi-stage value chain efficiency model of DEA(Data Envelopment Analysis). Inputs[port investment amount, cargo handling capacity, and berthing capacity], and outputs[cargo handling amount, number of ship calls, revenue, and score of customer service satisfaction] are used during 14 years(1994-2007) for 20 Korean seaports by using two kinds of DEA models. Empirical main results are as follows: First, Model 1 shows that the ranking order of multi-stage value chain efficiency is Stage 2, Stage 3-1, Stage 1, and Stage 3-2. And according to the value chain average efficiency scores, ranking order is stages 2, 1, 3-1, and 3-2. In Model 2, 3(Incheon, Mogpo, and Jeju) out of 9 ports show the ranking order of Stages 2, 3-2, 3-1, and 1. And value chain average efficiency scores rank in order of Stages 2, 3-2, 3-1, and 1. Second, the difference among the value chain efficiency scores of each stage comes from the efficiency deterioration of all ports except Stages 2 and 1 in Model 1. In Model 2, value chain efficiency scores among the Stages 3-1, 3-2 compared to Stage 1 were deteriorated. The main policy implication based on the findings of this study is that the manager of port investment and management of Ministry of Land, Transport and Maritime Affairs in Korea should introduce the multi-year, multi-stage value chain efficiency method for deciding the port investment amount and evaluating the effect of port investment after considering the empirical results of this paper carefully.

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Arthritis in the Subacute Stage of Kawasaki Disease after Responding to Intravenous Immunoglobulin Treatment (가와사끼병에서 정맥용 면역글로불린에 반응 후 아급성기에 발생한 관절염)

  • Lee, Kyung-Yil;Oh, Jin-Hee;Koh, Dea-Kyun
    • Clinical and Experimental Pediatrics
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    • v.46 no.11
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    • pp.1124-1127
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    • 2003
  • We evaluated the clinical and laboratory characteristics of five children with Kawasaki disease who had showed arthritis after responding to intravenous immunoglobulin(IVIG) treatment. Age distribution was between 13 months and six years of age(mean $3.2{\pm}1.6$ years). There were two males and three females. Arthritis occurred when acute symptoms were subsiding, with the average onset on day $5.8{\pm}1.8$ after final IVIG treatment. Arthritis was pauciarticular in three, and polyarticular in two. Regarding laboratory findings, one child was positive in rhematoid factor and changed to negative after two months. Three patients were examined for HLA B27 and all showed negative results. High dose aspirin(two cases), anti-inflammatory drug(ibprofen, three cases), and corticosteroids(methyprednisolon pulse therapy, one case) were used for this type of arthritis. Symptoms and signs of arthritis in all patients were improved by these therapies. There was no relapse or complications within six months. Arthritis after responding to IVIG therapy was rarely observed in children with Kawasaki disease. This type of arthritis responded well to anti-inflammatory drugs including corticosteroids, and showed no relapses.