• Title/Summary/Keyword: economic efficiency analysis

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A Study of Analysis for Domestic Airport Efficiency Considering Undesirable Output (유해산출물을 고려한 국내 공항 효율성 측정에 관한 연구)

  • Kang, Dalwon;Jeong, Donghun;Jeon, Seungjoon
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.26 no.4
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    • pp.27-35
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    • 2018
  • Recently, Intense competition is expected to bring about continuous change with the rapid global aviation industry. In particular, domestic passenger demand has been steadily increasing over the past five years, with domestic and international shipments growing at a CAGR of 8.4% and 10.0%, respectively. In addition to the economic value of the airport, social interest due to greenhouse gas emissions is also rising. In this study, we analyzed the efficiency of airport operation by using DEA model(Directional Technology Distance Function) considering undesirable output for 14 airports in Korea. As a result of analysis, all airports except Gimhae, Yangyang, Cheongju and Yeosu were analyzed as efficient airports. However, only Gimpo, Gimhae, Jeju, Muan, Daegu and Gwangju were analyzed as efficient airports considering the undesirable output.

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.

Economic Feasibility Analysis for P2G Using PEM Water Electrolysis (PEM 수전해를 이용한 P2G에 대한 경제적 타당성 분석)

  • JEONG, SEONJU;CHOI, NAK HEON;MOON, CHANGHWAN;MOON, SANGBONG;LIM, HANKWON
    • Transactions of the Korean hydrogen and new energy society
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    • v.28 no.3
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    • pp.231-237
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    • 2017
  • With worldwide efforts to increase the portion of renewable energy for $CO_2$ reductions, a lot of attention has been paid to P2G (power-to-gas) in Europe and Japan to efficiently utilize the surplus electricity. In this paper, economic feasibility analysis has been carried out for P2G using PEM water electrolysis by reflecting current economic status in Korea. In addition, efficiency and electricity price required to be competent in Korean market were provided. Based on cash flow diagrams, unit production costs for $H_2$ and $CH_4$ were estimated and profitability of P2G using PEM water electrolysis was analyzed.

A Study of the Human Capital Efficiency in the Korean Online Game Business using Non-parametric Analysis Model(DEA) (비모수 분석모형(DEA)을 활용한 국내 온라인게임 기업의 인적자본 효율성 연구)

  • Yoon, Gun-Woo;Ryu, Seoung-Ho
    • Journal of Korea Game Society
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    • v.9 no.2
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    • pp.81-93
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    • 2009
  • This study aims to investigate human capital in Korea's online game industry (as the representative of IT-based creative services) under the knowledge-based economy paradigm. In recognition of the importance of intellectual capital closely intertwined with human capital and the economic potential of the online game industry, Korean government has begun to show active support. In this context, this study measures the human capital efficiency in online game business by using non-parametric analysis (Data Envelopment Analysis, DEA). Most previous studies (human capital theory, knowledge based economy theory, economic growth theory) have proved that human capital has a very positive effect on sustainable growth of corporate management and wealth of nations. As such, this paper uses the DEA to obtain the efficiency of the human capital (scale, investment, education, compensation). The results of this study will suggest strategic implications on maximizing the human capital in online game corporations and provide a reference frame for government policies.

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Analysis of the Efficiency of Chinese Repair Shipbuilding Industry (중국 수리조선산업의 효율성 분석에 관한 연구)

  • Yang, Yun Ok;Wang, Gao Feng
    • Journal of Korea Port Economic Association
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    • v.33 no.4
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    • pp.117-134
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    • 2017
  • The purpose of this research is to analyze the efficiency of the Chinese repair shipbuilding industry using a DEA model with 12 Chinese repair shipbuilding companies. Unlike preceding studies, this study has different research subjects as well as selected input and output variables. The research was conducted with competitive Chinese companies in the market. For the efficiency analysis, input variables included the number of technicians as well as facilities, and output variables were diversified with relevant factors using the number of repaired ships and service ranges as well as sales. The differences were analyzed by including only facilities as an input variable for the DEA model, and then both facilities and technicians. For inefficient DMUs, the strengths and weaknesses were analyzed by finding the causes through a reference group, which was developed into an efficient DMU. Moreover, public and private companies were separated to develop improvement measures.

An Empirical Study on the Fitness between Manufacturing Technology Strategy and product Structure - Based on Korean Electric and Electronic Industry - (제품구조와 생산기술간의 적합성에 관한 실증적 연구 - 우리나라 전기 . 전자산업을 중심으로 -)

  • 이경환;임재화
    • Proceedings of the Technology Innovation Conference
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    • 1992.12a
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    • pp.119-155
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    • 1992
  • Traditionally, the target of manufaturing technology strategy was derived in a efficiency, cost and productivity. So most activities of the manufacturing brought focus into the engineering technology, equipments and research and improvement of new products to maximize the efficiency. As a resell of this legacy, most of the activities of manufacturing has been executed on the method of quality improvement, development of new equipment to incense the efficiency and the research of materials for new products. Those trends, however overlook the operation management activities which is very important as a assets in competitive strategy. But the market enviornment of morden manufacturing companies faced to the uncertainty and complexity. So they need capability of competition which requires new concept of manufacturing technology strategy to grasp the competitive advantages. In this point of view, this paper deal with the empirical study in korean manufacturing technology strategy of the electic and electronic industry. For the empirical study, check list was made to survey the 98 manufacturing companies. The analysis procedures are as below. First, identify the manufacturing technology group an product structure group by each variable. Second manufacturing technology variables are segmented into product technology and vertical integration, suborder and infrastructure, to analyse the decision making pattern which derive the strategy groups. Third, by the fitness analysis between product structure group and manufacturing technology group, the economic results of a growth rate of sale and a profit rate of sale are tested. In this approach, fitness analysis between product structure group and manufacturing technology group show, as a whole, the no significant values in economic results of the company. But investigating the statistical values shows the trend that econmic result of the complany is somewhat higher when the degree of fitness of manufacturing technology strategy by product structure has high value. Concluding the remarks, the competitive advantages of company lies not in the efficiency of manufacturing systems but in the way of the structure and decision making pattern of the manufacturing system. And the cons i stoney between strategy target and manufacturing technology strategy, and the consistency of manufacturing technology strategy and product structure are the term of competitive advantages.

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Efficiency Analysis in Korean Railroad Lines using DEA Model (DEA 모형을 이용한 지역간 철도의 노선별 운송효율성 분석)

  • Kim, Hyun-Woong;Lee, Jun;Lee, Jin-Sun
    • Journal of the Korean Society for Railway
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    • v.13 no.3
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    • pp.349-355
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    • 2010
  • The purpose of this paper is to provide basic information on how to make better policies that improves efficiencies and to derive policy directions using DEA (data envelopment analysis) model. Through this paper, we can identify whether or not the railroad service has an excellent performance, if there are any structural problems, in which sector it is experiencing a degree of inefficiency, and, therefore, how to set up a realistic target to improve efficiency of railroad transportation. According to the result, we need to introduce a better resource efficient economic strategy to reduce the rail line extension and the number of passenger cars for better efficiency from a public interest perspective, while to widen headways and/or reduce the rail line extension from an economic point of view.

Comparison of Efficiencies of Container Ports in the East Asia, Europe, and North America (동아시아 유럽 북미 컨테이너항만의 상대적 효율성 비교 분석)

  • Park, Koo-Woong
    • Journal of Korea Port Economic Association
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    • v.26 no.4
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    • pp.219-246
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    • 2010
  • Countries around the world are propelling policies and strategies to strengthen the competitiveness of their own ports as they recognize the roles and importance of the ports in the international trade and logistics. The main objective of this study is to compare efficiencies of major container ports and analyze the factors that affect the efficiencies in the three regions of East Asia, Europe, and North America, which cover most of world container shipping. We employ DEA models in analyzing the efficiencies of 45 container ports using 5 input and 2 output variables. We also carry out regression analyses to estimate the impacts of each factor on the throughput (TEU), overall technical efficiency (OTE), pure technical efficiency (PTE), and scale efficiency (SE). The analysis results show that East Asian ports, despite being smaller in average size, make greater output and achieve higher technical and scale efficiencies than European or North American ports.

Recognition of Efficiency and Effectiveness of the Experiences with Hand Acupuncture (수지침 경험자들의 수지침에 대한 효율성과 효과성 인식정도)

  • Lee, Yeon-Joo;Park, Kyung-Min
    • Research in Community and Public Health Nursing
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    • v.12 no.1
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    • pp.278-287
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    • 2001
  • The purpose of this study is to provide with basic information on application of hand acupuncture as a complementary and alternative therapy by giving some recognition of efficiency and effectiveness of hand acupuncture. And so, answers for questionnaires of 290 respondents were used for this research and collected from June 5 through 13, 1999 from adults twenty and over who were participating in the hand acupuncture training program in Seoul and had some direct experiences with hand acupuncture therapy, whatever they had been treated and/or had treated. To secure reliability of measurement tool. Cronbach'a has been calculated and Factor Analysis was done as Validity Analysis of question classification. Demograprucal characteristics of hand acupuncture experienced people and factors related to hand acupuncture experiences are calculated based on the real number and percentage. The degree of recognition of efficiency and effectiveness of hand acupuncture is made as average and standard deviation, while the degree of recognition of efficiency and effectiveness based on general characteristics come from one-way ANOVA. 1. According to socio-demographical analysis. the questioned could be classified firstly as age (40-49 : 32.5%. 30-39 : 24.9%. 50-59 : 21.9%. 60-69 : 14.7%. 20-29 : 6.0%). secondly gender (male 36.6%. female 63.4%). thirdly occupation (housewife: 43.8%. self-employed: 15.5%. company-employee: 14.8%). fourthly education (high school graduate: 41.9%, college graduate: 37.9%), and lastly monthly-income (1 to 2 million: 51.4%. 2 to 3 million: 20,3%) 2, As for the general aspects related to hand acupuncture. 80,0% of the respondents answered almost zero for the monthly average number of visit to hospital and 15.5% responded 1 to 2 visits, 6,2% of the respondents is complaining of a disorder of digestive system. 19,0% circulatory disease, 10.7% bad nervous system. By utilizing hand acupuncture, 84% of the questioned have following experiences in curing diseases: digestive system 47.3%, circulatory system 9.3%, nervous system 8.3%, 54,1% are curing 1 to 2 and 10.3% 3 to 4 patients on a daily basis with hand acupuncture. Research on the demerits of giving medical treatment with hand acupuncture shows 23,8% are feeling economic burden. 16.6% difficulty of learning and 16.2% weak theoretical backgrounds. 3. Among the efficiency recognition, possibility of general application is average 4,29 and simple treatment is 4,19. economic merits 4.36. possibility of establishment with supplementary and alternative medicine 4.17, medical effectiveness 4.09. 4, As a result of demographical analysis on the efficiency and effectiveness of hand acupuncture therapy, it appears that the recognition of efficiency based on occupation and the recognition of effectiveness based on monthly income are most significant to be noticed. In an orderly fashion. government-employee, self-employed, company-employee. and then housewife have perceived hand acupuncture very efficiently, And those who recognize hand acupuncture to be most effective are people earn 1 million to 2 million won a month, 5. The efficiency(p = .003) and effectiveness (p= .049) of hand acupuncture therapy by number of visit to hospital were statiscally significant, and effectiveness of hand acupuncture therapy by disease exist was statiscally significant (p= .033).

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The Impact of Economic Integration and Macroeconomic on Indonesia Foreign Direct Investment (FDI): A Panel Gravity Model

  • Imansyah, Imansyah;Nasrudin, Nasrudin
    • Journal of Distribution Science
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    • v.14 no.4
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    • pp.33-38
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    • 2016
  • Purpose - This study purposes to analyze the impact of regional economic integration and macroeconomic on Indonesian FDI inflows. Research design, data, and methodology - Data were collected from bilateral relation between Indonesia and 21 home countries whose dominant share FDI to Indonesia from 2005 to 2013. Analysis method was conducted by panel gravity modeI to find the impact of regional economic integration and macroeconomic on Indonesian FDI inflows. Results - The empirical results show that GDP of the home country and Indonesia have a positive impact on Indonesia FDI. Distance and home country real interest rate have a negative impact on Indonesia FDI. Economic integration of European Union (EU) and Indonesia's cooperation with Japan in ASEAN-Japan Comprehensive Economic Partnership (AJCEP) have created impact of investment creation on Indonesia FDI, unfortunately, economic integration of ASEAN has created impact of investment diversion on Indonesian FDI. Conclusions - In order to increase FDI inflow to Indonesia, Indonesia government should improve the physical and social infrastructures to drive the productivity and economic efficiency. It will increase the GDP and also attract more investors. Low interest rate policy should be considered.