• Journal of Technology Innovation
• /
• v.20 no.3
• /
• pp.255-285
• /
• 2012

As the environmental performance is getting important in global automotive industry sector, there is a need to build the intellectual capacity. Hence it is important to measure the performance of the green car patent development of global automotive companies. To do this, we propose to use Data Envelopment Analysis(DEA) Model with Analytic Network Process(ANP), which generates weight coefficients of inputs and outputs for DEA-AR(Assurance Region) model. We considered three inputs: corporate asset, R&D expenditures, number of employees, and three outputs: patent counts, patent citations and patent claims. The results showed that our model could measure the potential of green car technology, and we could see the trend of the green car industry sector.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2006.11a
• /
• pp.409-412
• /
• 2006

펀드의 성과 평가는 펀드선택 의사결정시 가장 중요한 고려요인이다. 전통적인 펀드 성과평과 지표인 샤프비율이나 트레이너 비율은 운용비용과 거래비용 등과 같은 다양한 요소들을 반영하지 못하고 있다. 펀드의 여러 수익과 비용요인들을 반영하기 위해, 본 연구에서는 DEA를 이용하여 펀드의 상대적인 효율성을 측정하였다. 분석자료는 2005년 12월 31일까지 국내에 존재하는 3년 이상 운용된 67개의 장기펀드를 대상으로 분석하였다. 입력변수는 비용과 관련된 총 보수율, 월수익률의 표준편차, 펀드 규모를 나타내기 위한 평균설정좌수를 이용하였고 출력변수는 이익과 관련된 예상 월평균수익률과 시장포트폴리오의 월수익률을 상회한 기간의 비율을 사용하였다. 본 연구결과, DEA를 통해 수익률만으로는 평가할 수 없는 펀드의 운용능력을 평가할 수 있었다.

• KDI Journal of Economic Policy
• /
• v.33 no.3
• /
• pp.33-55
• /
• 2011

Market concentration in the Korean banking industry has markedly increased since the financial crisis of 1997-1998 because of M&As, P&As, and consolidation of banks. With this change, there has been a growing concern over market power in the Korean banking sector. We examine the effects of market concentration on bank efficiency and competition for the period of 1992-2006. Three different indicators of bank inefficiency are used in this study, including X-inefficiency that is derived from the directional technology distance function. The level of competition is measured by both the H-statistic of the Panzar-Rosse model and the level of the net interest margin and its standard deviation. Empirical results indicate that market concentration has not improved bank efficiency through scale economies or scope economies. Instead, recent mergers, acquisitions and consolidation of banks resulted in an increase in inefficiency measured by the three different indicators: X-inefficiency, labor inefficiency and asset inefficiency. While an increase in market share of individual banks improved bank efficiency, an increase in the overall market concentration ratio resulted in lower efficiency. Our study also finds that the Korean banking sector has been monopolistically competitive throughout the sample period except for the crisis period according to the H-statistic. Although an increase in market concentration ratio has not changed the overall level of bank competition, it has a positive significant effect on the level of the average interest margin.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2006.11a
• /
• pp.674-679
• /
• 2006

The public research and development (R&D) funds for construction engineering is one of the key elements for the advancement of construction industry. Korean Ministry of Construction and Transportation is currently planning to produce approximately US$ 500 millions of research funds every year in Korea from year 2007. Along with the prospect for increasing R&D investment, there is of increasing pressures on the development of quantitative methodologies for assessing the performance of construction R&D results. Although there have been some general R&D project evaluation methods, they are not readily used for construction R&D research assessment due to the distinct characteristics of construction R&D. This paper presents a simple methodology that can make quantitative assessments of construction R&D performances. The proposed methodology is expected to assist government officials in objectively evaluating construction R&D performances and identifying the areas that require more R&D investment.

• Journal of Korea Port Economic Association
• /
• v.33 no.3
• /
• pp.53-68
• /
• 2017

The purpose of this study is to develop a new Korean container freight index by applying weights based on the global trade volume. To achieve this, it was decided to determine the conditions such as establishment of routes and regions, weighting of trade volumes which based on prior research and expert advice. Based on this, the individual index and regional index and composite index were calculated, and then reliability and statistical significance of the index was verified through correlation analysis and Granger causality analyses. This study suggest the following findings, through the development of the Korean container freight index. Firstly, Korean freight index reflects the overall market situation and can be used as a benchmark for determining the conditions of each market, consisting of criteria of region and routes. Secondly, it is possible to reflect the market conditions in which actual freight differences exist, since it has developed separate indexes for export and import routes. Finally, The composite index is the only index that reflects not only exports and imports but also 27 individual routes based on Busan, which is the most comprehensive indicator of the korean container freight market.

• Korean Journal of Construction Engineering and Management
• /
• v.12 no.1
• /
• pp.141-152
• /
• 2011

The market volume of urban regeneration projects has steadily increased, thereby mixed-use development also shows significant market growth. However, previous researches on urban regeneration mainly deduced suggestions and plans for institution improvement based on comparison between projects implemented the inside and outside of the country. Whereas, researches on project management closely related to project success were limited, particularly in performance management. Accordingly, this research aims at developing a program performance management framework for public clients so as to succeed mixed-use development projects. Through extensive literature review and expert interview, this research developed performance indices for diverse facilities, risk management framework and integrating method of program performance score. The proposed framework is able to consider total life cycle from basic planning to maintenance phase and to check real-time performance level. Moreover, risk management framework can periodically assess and control the level of inherent risks within performance indices. The results can contribute to improve existing performance management practices and be basis for a web-based system developed in future.

• Journal of Korea Society of Industrial Information Systems
• /
• v.19 no.2
• /
• pp.93-103
• /
• 2014

This paper establishes the empirical model based on Hall's(1990) and Basu' s(1996) models, estimates the five types of productivity in the medical service industry over the period 1975:1-2010:4, and analyzes the cyclicality of measured productivities and their correlations with the industrial real wage. The empirical results are summarized as the followings. First, there proved to be substantial market power in pricing and returns to scale in production for the medical service industry. Second, the three types of productivity among 5 types showed to be procyclical. Third, the average labor productivity, the original Solow residual, and the cost-based Solow residual are expected to provide reasonable indexes in analyzing the relationship between productivity and real wage.

• Korean Journal of Construction Engineering and Management
• /
• v.5 no.2 s.18
• /
• pp.202-210
• /
• 2004

Under the current competitive business environment, the complexity of procurement method, and the lack of engineering capacity in the construction engineering industry, a construction engineering firms require the business strategy and its performance measurement system. This study suggests a performance measurement model that could follow 'H' construction engineering firm's vision and strategy. The model utilizes the concept of Balanced Scorecard. The study proposes the four main performance perspectives such as financial, growth, internal efficiency, and improvement & learning through the long-term strategy analysis, SWOT analysis, and interviews of the employees. Also the study develops the critical success factor and the key performance indicators. The usefulness of the performance measurement model is validated through the gap analysis such as alignment analysis and consensus analysis.

• Journal of the Korea Safety Management & Science
• /
• v.7 no.5
• /
• pp.243-253
• /
• 2005

환경의 보호와 지속적인 경영이 전세계 경제시장의 수요로 되었다. 현재 ISO14000은 전세계의 환경관리 방법의 표준으로 되었다. 본 연구는 토론과 ISO14000 전문가들의 의견을 수집하여 13개의 ISO14000중의 성과지표와 9개의 영향 요소를 귀납하여 전형적인 관련 분석을 통하여 ISO14000인증 후의 현저한 관련적 영향요소를 확립하는 것이다.

• The Korean Journal of Financial Studies
• /
• v.10 no.1
• /
• pp.191-214
• /
• 2004

VaR에 의한 금융위험의 측정은 국제결제은행 바젤위원회의 내부모델 허용에 힘입어 금융산업에서 표준방식으로 확고한 입지를 차지하고 있다. 본 연구에서는 한국주식시장포트폴리오를 거래투자자산으로 보유한 경우의 VaR를 극단치이론에 입각하여 측정하고 이의 성과를 RiskMetrics의 성과와 비교하여 검토하였다. GPD의 모수적 추정에 의한 VaR의 사후검정결과는 표본내 사후검정이나 표본외 사후검정에서 어떤 신뢰수준에서도 기대되는 범위와 크게 벗어나지 않은 안정된 결과를 보였다. RiskMetrics의 EWMA방식도 역시 표본내와 표본외 사후검정 어느 경우에나 기대되는 범위에서 크게 벗어나지 않았지만 높은 신뢰수준에서는 그 성과가 GPD VaR에 비하여 상대적으로 불안정하였으며 위험의 과소평가 성향을 확인할 수 있었다. 비모수적 GEV추정에 입각한 VaR의 경우에는 위험을 과대평가하고 지나치게 보수적인 성향을 나타내었다. GPD의 모수적 접근에 의한 VaR 측정은 다양한 신뢰수준에서 정확한 검정결과를 보여주고 있으며, 시간적 흐름에 따르는 VaR의 행태도 지나친 변동성을 보이지 않아 외부규제 및 내부통제를 위한 금융위험의 측정지표로서 실용적인 가치가 있음을 확인할 수 있다.