• Title/Summary/Keyword: Data Efficiency

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The Analysis of Contract-Foodservice Operational Efficiency using Data Envelopment Analysis and Efficiency-Profit Matrix (다점포 운영 푸드서비스 기업의 효율성 측정에 관한 연구 - DEA 및 효율, 수익 매트릭스 분석을 중심으로 -)

  • Kim, Tae-Hee;Park, Ju-Yeon
    • Journal of the East Asian Society of Dietary Life
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    • v.20 no.5
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    • pp.823-835
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    • 2010
  • The research aimed to measure the efficiency of using multi stores in a foodservice company using by DEA (data envelopment analysis) which is a new management science technique. The study also attempted to identify relevant variables affecting DEA efficiency in order to suggest methods for improving efficiency. The data were collected from 148 contract foodservice operations, which were operated in similar fashion in October 2009. The DEA efficiency was calculated as an output-oriented BCC Model. Sales, and CSI (customer satisfaction index) were used as output variables whereas food cost, labor cost, and management expense were used as input variables to calculate the DEA efficiency. Operation process variables of the unit consisted of the were consist of ratio of regular employee, ratio of housekeeper, meal counts, meal price, food cost per meal, contract period, number of menu items, forecasting accuracy, order accuracy, inventory turnover, use of processed food, deviation of food cost, number of new menus, and number of events. According to the BCC score and profitability, units were classified into four groups: High efficiency-high profitability (HEHP), High efficiency-low profitability (HELP), Low efficiency-high profitability (LEHP), and Low efficiency-low profitability (LELP). The HEHP group contained 54 units, which mostly contracted management fee type and had a high meal price. The units were also very large and, served three meals. Twenty of the units were operated with high labor cost: most of these were factories and hospitals. The LEHP group contained 20 units, that were mainly office stores of large scale and medium price. Fifty-four LELP group had a low meal price. A high performance group must have high efficiency, profitability, and satisfaction. The BCC score was over 0.969, the meal price was over 4,116 won, the food cost was over 2,077 won, and meal counts per month were over 10,212 meals.

DCBA-DEA: A Monte Carlo Simulation Optimization Approach for Predicting an Accurate Technical Efficiency in Stochastic Environment

  • Qiang, Deng;Peng, Wong Wai
    • Industrial Engineering and Management Systems
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    • v.13 no.2
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    • pp.210-220
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    • 2014
  • This article describes a 2-in-1 methodology utilizing simulation optimization technique and Data Envelopment Analysis in measuring an accurate efficiency score. Given the high level of stochastic data in real environment, a novel methodology known as Data Collection Budget Allocation-Data Envelopment Analysis (DCBA-DEA) is developed. An example of the method application is shown in banking institutions. In addition to the novel approach presented, this article provides a new insight to the application domain of efficiency measurement as well as the way one conducts efficiency study.

The Efficiency of Islamic Banks: Empirical Evidence from Indonesia

  • YUSUF, Ayus Ahmad;SANTI, Nur;RISMAYA, Erin
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.239-247
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    • 2021
  • Conventional banks are often considered more efficient than Islamic banks because they have been operating for decades, but Islamic banks have shown rapid development recently. Therefore, this study mainly aims to compare the level of efficiency of conventional banks and Islamic banks and which ones have the best level of efficiency. This study employs panel data using Stochastic Frontier Analysis (SFA) as the data analysis technique. The data used is annual data from 13 conventional banks and 13 Islamic banks in Indonesia during the 2014-2019 period. The result shows no significant difference in the efficiency of conventional banks and Islamic banks. This result is presumably influenced by the small size of the bank and the total number of banks used in the study. The data used in the study is limited to the period from 2014 to 2019. The variables utilized are also limited to the availability of financial report data which is publicly published. This study provides additional empirical evidence regarding conventional banks' and Islamic banks' efficiency in Indonesian banking by using the latest data. While theoretically, Islamic banks are expected to be more efficient than conventional banks, this study did not find any strong support for the case in Indonesia during the observation period.

Analysis on Efficiency and Productivity Changes of Regional Public Hospitals in Korea with Data Envelopment Analysis/Window and Global Malmquist Indices Models (Data Envelopment Analysis/Window 모형과 Global Malmquist 생산성지수 모형을 이용한 지방의료원의 효율성과 생산성 변화 분석)

  • Yang, Dong Hyun
    • Health Policy and Management
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    • v.23 no.1
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    • pp.78-89
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    • 2013
  • This study empirically analyze efficiency and productivity changes of public hospitals of Korea using data envelopment analysis/Window model and global Malmquist indices model. We use the ten-year data from 2001 to 2010 of 30 regional public hospitals listed database from the Association of Korean Regional Public Hospitals. The main focuses are to reveal whether the technical inefficiency are improved as time goes by, and efficiency and productivity are affected by environmental factors. The results can be summarized as follows. First, the efficiencies of public hospitals rise in trend as time passes. Second, regional public hospitals show the different average efficiencies according to their regional type, hospital type, operational type, medicaid type, and demand and supply conditions by Mann-Whitney U-tests. Third, technical efficiency changes mainly contribute to 4.4% annual average growth rate of productivity of regional public hospitals during that period. Our findings have some policy implications. It is confirmed that there exist some environmental inefficiencies, and those inefficiencies can not be overcome through just improving the inner management system. Thus, policy and institutional changes are necessary for regional public hospitals to improve efficiency and productivity overall.

An Empirical Study on the Efficiency of Major Container Ports with DEA Model (DEA 모형을 이용한 세계 주요 항만의 효율성 평가)

  • Song Jae-Young;Sin Chang-Hoon
    • Journal of Navigation and Port Research
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    • v.29 no.3 s.99
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    • pp.195-201
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    • 2005
  • This paper presents the measurement of efficiency for container ports. Data envelopment analysis(DEA), as it is called, has particular applicability in the service sector. Applying mathematical programming techniques, DEA enables relative efficiency ratings to be derived within a set of analysed units. This paper investigates the efficiency employing DEA Model on data for 53 container ports covering 1995-2001 in the world and the change in efficiency for 7 years. As a results, port of Busan was evaluated as inefficiency port compare with major ports of the world except 1995year and 1996year. But After 1997year, efficiency of Busan port is increasing somewhat better every year.

Design and Implementation of Ship Energy Efficiency Monitoring System (선박 에너지 효율 모니터링 시스템 설계 및 구현)

  • Kim, Yong-dae;Yoon, Hyeon-kyu;Kang, Nam-seon
    • Journal of Advanced Navigation Technology
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    • v.20 no.5
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    • pp.408-416
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    • 2016
  • This study designed a ship energy efficiency monitoring system based on a ship application system that provides maritime services by utilizing data collected onboard, and a ship-land integration system for integrated management and exchange of maritime data. The ship energy efficiency monitoring system was developed as a Windows application program and designed to use file based EDI communications. Its main functions include route planning to minimize fuel consumption, monitoring of energy consumption and gas emissions, analysis of ship energy efficiency and other data analysis. The system has been successfully implemented in actual ships.

Efficiency of trucks in logistics: An evaluation with Data Envelopment Analysis (물류활동에 종사하는 트럭의 효율성: 데이터 포락 분석 활용)

  • Kim, Tae-Ho;Choi, Kwang-Ho
    • 한국IT서비스학회:학술대회논문집
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    • 2007.11a
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    • pp.679-684
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    • 2007
  • This paper proposes a scheme to estimate the technical efficiency of trucks in logistics as performance measure by Data Envelopment Analysis (DEA). The result of technical efficiency estimation shows that there exists a substantial opportunity for improvement in technical efficiency of trucks and also the heterogeneity in the technical efficiency among trucks.

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Analysis of the Policy Efficiency of the Environment-Friendly Farming Zone Program (친환경농업지구 조성사업의 효율성 분석)

  • Heo, Seung-Wook
    • Korean Journal of Organic Agriculture
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    • v.22 no.4
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    • pp.581-591
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    • 2014
  • This study analyze the policy efficiency of the environment-friendly farming zone program using data envelopment analysis. On analyzed results, the average policy efficiency is 0.185 and 98.3% of zones are inefficient. 97.8% of zones are in increasing returns to scales. The empirical results indicate that more work need to be done to increase the efficiency of the program.

Measuring Management Efficiency of Architectural Firms in Korea using DEA/AR Models (DEA-AR 모형을 활용한 건축사사무소의 효율성 비교분석)

  • Kim, Sung-Sik;Park, Jung-Lo;Kim, Ju-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.11a
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    • pp.125-126
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    • 2012
  • Domestic architect office from a period of high growth from the 1970s to the '80s has been established as some of the large corporations or publicly traded corporation. 1997 IMF has pointed out there is a lot of need for improvement activities in accordance with the construction recession since the 2008 global financial crisis. In order to address these causes, the company's continuous efficient operation for accurate efficiency and competitiveness analysis was required. Leverage financial ratio indicators Study Using Data Envelopment Analysis Data Envelopment Analysis (DEA) model, how to find a benchmark for the improvement of the efficiency of inefficient enterprises in various sectors being. In this study, a comparison of the conventional DEA model and the DEA-AR model is used to analyze the efficiency and domestic architect office is to improve the management efficiency.

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Productive Efficiency of the Coastal Fishing Business : A Comparison of Data Envelopment Analysis and Stochastic Frontier Analysis (연안어업경영의 생산효율성 분석 : DEA와 SFA 기법 비교를 중심으로)

  • Choi, Jong-Yeol;Kim, Ki-Seog;Kim, Do-Hoon
    • Journal of the Korean Operations Research and Management Science Society
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    • v.35 no.3
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    • pp.59-68
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    • 2010
  • Improving productive efficiency is important for strengthening a competitiveness of coastal fisheries. This paper examines the productive efficiency of a sample of coastal gillnet fishing business units by estimating a stochastic frontier analysis (SFA) and a data envelopment analysis (DEA) approaches and compares those estimates obtained from two approaches. The estimated mean productive efficiency by SFA is 77.6% and the mean productive efficiencies obtained for the VRS and CRS DEA are 75.9% and 45.7%, respectively. The joint use of SFA and DEA for estimating efficiency is also discussed.