• Management & Information Systems Review
• /
• v.35 no.4
• /
• pp.141-153
• /
• 2016

This study estimates the productivity change of pharmaceutical industry and decompose the change into technical efficiency change and technological change to explore ways to improve the productive efficiency. Unlike most previous studies, this study employs the non-radial and non-oriented slacks-based Malmquist productivity index which can deals directly with the input excesses and output shortfalls. In addition a smoothed bootstrap method is applied to estimate statistical confidence intervals for the Malmquist Index and its components. For the empirical analysis a balanced panel data set is constructed covering ten years over the period from 2005 to 2014. The input variables used in this study are number of workers, tangible assets and major production cost. The gross production is selected as a main output variable. The empirical results suggest that the productivity of pharmaceutical industry has decreased due mainly to decline in the technological progress rather than improvements in technical efficiency. An analysis result shows that the scale efficiency outweighs the pure efficiency in determining the technical efficiency of pharmaceutical industry. Therefore, in order to enhance the competitiveness of domestic pharmaceutical industry, it is important to continue supporting policies to promote the technology innovation capability through efficient R&D investment and industry reform strategy.

• Proceedings of the Korea Water Resources Association Conference
• /
• 2015.05a
• /
• pp.22-22
• /
• 2015

가뭄은 적시에 경보해야 하는 홍수와 달리 진행속도가 느리고 시간적으로 대처할 여유가 있어 진행중일지라도 미리 감지만 한다면 그 피해를 최소화할 수 있다. 이로 인해 미국 등 수문기상 선진국에서는 수문기상 장기예보자료로부터 가뭄전망정보 생산기술을 개발하였으며, 특히 가뭄전망의 정확도 향상을 위해 여러 통계적 보정기법을 적용하고 있다. 국내의 경우 기상청에서 가뭄전망을 목적으로 2011년에 수치예보모델을 이용하여 가뭄전망정보를 생산한바 있으나, 전망정보의 불확실성 문제로 가뭄예보에 활용하는데 한계가 있어 이를 개선할 수 있는 기술개발이 요구되는 실정이다. 본 연구에서는 기후예측자료를 이용하여 가뭄전망정보 생산기술을 개발하고 정확도 개선을 위해 베이지안 기법을 연계하였다. GloSea5 (Global Seasonal forecast model 5) 장기예보자료를 이용하였으며, 베이지안 기법을 통해 과거 관측자료에 대한 사전분포, 모델의 전망정보로부터 우도함수를 유도하여 최종 사후분포를 추정하였다. 베이지안 기법 적용 전 후에 따른 가뭄지수를 산정하였다. 관측자료 기반의 가뭄지수와의 비교분석을 통해 선행기간 및 계절별 가뭄예측 성능을 평가하였으며, 실제 가뭄기간 동안에 가뭄의 재현성을 지역별로 분석하였다. 장기예보자료만을 활용한 기존 가뭄전망에서는 관측 자료가 포함된 1개월 전망에서도 불확실성이 매우 높았지만 베이지안 기법 적용으로 가뭄전망의 정확도가 크게 개선되었다. 특히, 1, 2개월 전망의 시계열 가뭄지수가 관측기반의 가뭄지수의 거동과 매우 유사하게 나타났으며, 지역별로도 베이지안 기법 적용시 실제 가뭄피해 상황을 적절히 재현하는 것으로 나타났다. 국내 가뭄예보에 있어 기후예측정보를 단순활용하기 보다는 베이지안과 같은 통계적 보정기법을 이용하여 가뭄전망정보를 생산하는 것이 바람직하며, 본 연구에서는 가뭄예보업무에 활용될 수 있도록 베이지안 기법에 대한 검증 및 평가를 지속적으로 수행할 계획이다.

• Journal of Navigation and Port Research
• /
• v.44 no.4
• /
• pp.338-346
• /
• 2020

In this study, we first measured the Malmquist productivity index by DEA among the Korean ocean carriers. Second, it was intended to present measures to improve productivity by identifying the influence and discriminating power between productivity and the major financial ratios (profitability, financial stability, liquidity, efficiency and value-added productivity). Compared to 2017, there are 11 more shipping carriers with decline in productivity (MPI) than those with an increase in 2018. The increase in productivity is attributed to an increase in the Technology Change Index (TCI) affected by the external environment. There is strong significant correlation between the productivity (MPI) and the management efficiency (CRS). Additionally, the TECI (TECHI) index of the technological efficiency changes from internal factors of the shipping carrier is significantly higher than that of the efficient shipping carrier. This is because of the differences in scale efficiency. The ratio of charter cost/sales is also lower than that of the carriers with high productivity (0.17) and with low productivity (0.21). With 7% of the shipping carrier with MPI>1, only 1% of MPI <1 is found to have a significant impact on its productivity.

• Journal of Korea Port Economic Association
• /
• v.32 no.2
• /
• pp.91-103
• /
• 2016

The purpose of this study is to analyze the efficiency and productivity of domestic trucking transportation companies using DEA-CCR, BCC, and Malmquist indexes. Here, we analyze the top 14 domestic trucking transportation companies, based on cargo volume. The number of freight agents, trucks, and assets are used as input variables, and cargo volumes and sales are used as output variables. The efficiency of trucking transportation companies is examined using a DEA approach, and Malmquist indexes are applied to analyze productivity. According to the DEA results, the efficiency levels of the CCR, BCC, and scales for three companies (DMU 4, 5, and 10) are 1, indicating that these companies are operated efficiently. At the same time, the Malmquist indexes show that all companies have values smaller than 1, except for the period 2012-2013, indicating that their productivity decreased. Furthermore, the TECI indexes were all larger than 1, except for the period 2012-2013, indicating that the companies are efficient. Lastly, all TCI indexes are smaller than 1, except for the period 2012-2013, indicating regressing trends.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.21 no.6
• /
• pp.91-102
• /
• 2020

This study constructed production frontiers of inputs and outputs in a sequential manner, measured inefficiencies by applying a non-radial sequential weighted Russell directional distance function to these frontiers, and analyzed Luenberg productivity indices and the contribution of each of input and output factor based on these distances. The results are as follows. First, the productivity of banks increased due to technical changes after the global financial crisis. Second, productivity growth decreased between 2009 and 2014 due to technical changes after the recession, as previous studies have shown that technology progressed before the global financial crisis but then largely decreased or remained the same thereafter. After 2014, the productivity of banks improved. This result may be due to both technology improvement after 10 years of stagnation and reduction of inputs and non-performing loans. Third, the 3.6% annual of productivity growth for 10 years was comprised of 1.77% household loans, 0.67% corporate loans, 0.98% manpower, 1.18% non-performing loans, -0.5% total deposits, and -1.25% securities. Finally, this study has limitations since it could not control risks such as capital structure and interest volatility.

• Environmental and Resource Economics Review
• /
• v.24 no.4
• /
• pp.727-745
• /
• 2015

This paper analyzes the firms' optimization behavior in response to rising demand for non-priced renewable energy in the manufacturing industries by using an input distance function. The annual estimates of the shadow price of renewable energy is derived and the trend of its shadow price over time is analyzed. The degree of substitution of renewable energy for fossil-fuels is examined. The input-based Malmquist productivity index, defined as a composite of the technical efficiency and technical change measures, is measured. The contribution of renewable energy input growth to the Malmquist index is analyzed. Empirical results indicate that the shadow price of renewable energy declined at an average annual rate of 17% over the period 1992-2012. Substitutability between renewable energy and fossil-fuels was limited. On average, a 1% increase in renewable energy would decrease Malmquist index by 0.04% per year.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2004.04a
• /
• pp.385-392
• /
• 2004

The objective of this study is to evaluate the effectiveness of new operation system for port container terminals. We assumed that the operation system of container terminal consists of monitorig ＆ control system, operation system, planning system, and information technology, and we selected total 19 technology alternatives. Through the results of questionnaire and interview received from field expert, we established the evaluation model and analyze the productivity improvement by estimating the weight and the priority of productivity for operation system. From the developed model, we provide useful implications to introduce new technologies of operation system for domestic container terminals.

• Journal of Navigation and Port Research
• /
• v.29 no.1 s.97
• /
• pp.97-104
• /
• 2005

The objective of this study is to evaluate the expected effectiveness of new operation system for port container terminals. We assumed that the operation system of container terminal consists of monitoring & control system, operation system, planning system, and information technology, and we selected total 19 technology alternatives. Through the results of questionnaire and interview received from field expert, we established the evaluation model and analyzed the productivity improvement by estimating the weight and the priority of productivity for operation system From the developed model, we provide useful implications to introduce new technologies of operation system for domestic container terminals.

• Journal of Korea Port Economic Association
• /
• v.32 no.3
• /
• pp.1-20
• /
• 2016

The objective of this study was to select world top 20 major container terminals that belong to Korea and China as comparison units to analyze their efficiency and productivity trend. Super Efficiency Data Envelopment Analysis(SE-DEA) and Malmquist Productivity Index(MPI) models were applied to this study. Compared with previous studies, we narrowed down the scope of the comparison units to terminals and conducted more detailed analysis to present more meaningful implications to the actual operation. The different result from existing studies, SE-DEA analysis implied that the major terminals of Busan New Port showed similar efficiency and productivity with China's terminals. In MPI analysis, the average index of Korean and China's terminals is 1.051 and 1.049. The analysis indicates that the productivity was improved 5.1% and 4.9% annually. From 2012 to 2015, the average terminal TCI index of South Korea and China were 1.032 and 1.0318-the main factor which influences MPI. This means improving productivity mainly rely on investment in new equipment and technology upgrades rather than improve operational efficiency over the past few years. Future management decisions should consider more aggressive marketing to increase the volume and improve operational efficiency to enhance productivity. Further research should apply the overall efficiency of the methodology considering the financial diversification, terminal capacity, service levels, and other factors.

• Journal of Korea Port Economic Association
• /
• v.22 no.3
• /
• pp.59-78
• /
• 2006

The purpose of this paper is to analyze the trend on scale efficiency of the Port of Gwangyang from 1994 to 2004 using CCR, BCC, and Malmquist index approaches. The main results are as follows. first, scale efficiency shows a 50% similar [5(94/95, 95/96, 97/98, 2001/2002, 2003/2004) out of 10] pattern to technical efficiency change. Second, total factor productivity increased at 48.57% rate of growth on average in 6 out of 10 periods except 96/97, 97/98, 99/2000, and 2000/2001. 2003/2004 period is the one period experiencing rapid total factor productivity changes, mainly due to technical progress. Third, the ranking order of accumulative indices is scale efficiency change, TFP change, efficiency change, technical change, and pure efficiency change. The main policy implication of this paper is that according to the CCR, BCC, and Malmquist results, the Port of Gwangyang should develop the plan for enhancing the 5 Malmquist indices with following the management way of benchmarking ports.