• Journal of the Korea Society of Computer and Information
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• v.24 no.3
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• pp.29-39
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• 2019

In this study, we introduce a model that satisfies energy efficiency and economical efficiency by introducing and demonstrating cogeneration generators in industrial complexes using various actual data collected at the site. The proposed model is composed of three scenarios, ie, full - time operation, scenario operated according to demand, and a fusion type. In this study, the power generation profit and surplus thermal energy are measured according to the operation of the generator, and the thermal energy is traded according to the demand of the customer to calculate the profit and loss including the heat and evaluate the economic efficiency. As a result of the study, it is relatively profitable to reduce the generation of the generator under the condition that the electricity rate is low and the gas rate is high, while the basic charge is not increased. On the contrary, if the electricity rate is high and the gas rate is low, The more you start up, the more profit you can see. These results show that even a cogeneration power plant with a low economic efficiency due to a low "spark spread" has sufficient economic value if it can sell more than a certain amount of heat energy from a nearby customer and adjust the applied power through peak management.

• Journal of the Korean Geosynthetics Society
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• v.1 no.1
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• pp.53-61
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• 2002

Even though a lot of laboratory and field tests for asphalt pavements using geosynthetics have been conducted recently, any rational and systematic analysis for the economic efficiency of the asphalt pavement systems reinforced by using geosynthetics has not been proposed yet. In this study, the economic analysis considering the traffic characteristics for the glass fiber sheet reinforced asphalt pavement was performed using the Life Cycle Cost Analysis(LCCA) which is commonly used for the economic analysis technique. The economic efficiency for the glass fiber sheet reinforcement and the traffic characteristics was examined by applying the test results from the literature review to the economic analysis model.

• Nuclear Engineering and Technology
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• v.54 no.10
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• pp.3682-3694
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• 2022

The expansion of a country's ecological footprint generates resources for economic development. China's import bill and carbon footprint can be reduced by investing in green transportation and energy technologies. A sustainable environment depends on the cessation of climate change; the current study investigates nuclear energy efficiency, economic complexity, air transportation, and industrial improvement for reducing environmental footprint. Using data spanning the years 1983-2016, the dynamic autoregressive distributed lag simulation method has demonstrated the short- and long-term variability in the impact of regressors on the ecological footprint. The study findings revealed that economic complexity in China had been found to have a statistically significant impact on the country's ecological footprint. Moreover, the industrial improvement process is helpful for the ecological footprint in China. In the short term, air travel has a negative impact on the ecological footprint, but this effect diminishes over time. Additionally, energy innovation is negative and substantial both in the short and long run, thus demonstrating its positive role in reducing the ecological footprint. Policy implications can be extracted from a wide range of issues, including economic complexity, industrial improvement, air transportation, energy innovation, and ecological impact to achieve sustainable goals.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.783-793
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• 2020

The purpose of this study is to investigate whether the ECFA impacted the efficiency of banks in China and Taiwan from 2008 to 2017. This study follows Seiford and Zhu (2002), who recommend using the standard data envelopment analysis model to measure performance by increasing the desirable outputs and decreasing the undesirables. The finding was that overall technical efficiency increased from 2012 to 2017, reaching 0.575, 0.652, 0617, 0.689, 0.701 and 0.74, respectively. This result implies bank efficiency did indeed improve after China and Taiwan signed the ECFA cooperation agreement. The study found that the mean technical efficiency was 0.8756 in China, greater than Taiwan's mean of 0.3511, implying that Chinese banks experienced a greater increase in efficiency after signing the EFCA. One possible reason explored in this study is that China's economy is currently growing at the highest rate in the world, and the banks' efficiency has benefited from greater economic growth. This suggests that cross-strait sustained negotiations to consummate an agreement on trade in the services will be a very important mission in the future. This result also provides significant evidence suggesting that not accounting for undesirable output while estimating the evolution of the model may seriously distort efficiency results.

• Knowledge Management Research
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• v.22 no.4
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• pp.173-187
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• 2021

In that economic growth strategy through maximizing input would not working anymore in the rapidly changing economic environment, now we should focus on the improvement of firms' efficiency. This study estimate the efficiency and determinants of the efficiency using the panel data of 938 Korean manufacturing firms which ranked in high R&D investment firms during 2005~2018. We found that both R&D intensity as R&D input and patent stock as R&D output increase the efficiency of firms independently. And firm size, debt ratio, profitability also affect the firm's efficiency.

• Journal of Korean Society for Quality Management
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• v.43 no.4
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• pp.533-544
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• 2015

Purpose: The purpose of this study is to analyze the cost efficiency of food industry in JeollaNamdo. And this study is focused on the correlation between the economic efficiency of food industry and its cost efficiency, based on the analysis of 372 food companies' data in JeollaNamdo in 2012. Methods: DEA cost minimization is the measurement of the cost efficiency of JeollaNamdo food industry in 2012. In this study, the CCR and BBC models have been employed to analyze the decomposing cost efficiency-technical efficiency, allocative efficiency, and scale efficiency respectively. And the Spearman rank correlation and Wilcoxon signed rank test also have been employed to check the correlation and difference between the ranking orders based on the efficiency scores respectively. Results: For the CCR model, mean cost efficiency was found to be 0.084(0.54 for allocative efficiency and 0.19 for technical efficiency). For the BCC model, mean cost efficiency was found to be 0.252(0.453 for allocative efficiency and 0.564 for technical efficiency). Average scale efficiency was found to be 0.38. In analyzing the results, this study argues that the optimal way to improve cost efficiency is by reducing inputs proportionally and changing their combination. Conclusion: The efficiency scores of the two models show high correlation, whereas, the differences between them are also found to be significant. Hence, it should be cautious to select a suitable model when we do the research.

• Journal of Korea Port Economic Association
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• v.37 no.4
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• pp.51-70
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• 2021

This study measured the environmental efficiency of 21 international airports based on sustainability reports issued by each airport for 2018. As many sectors in the industry paid attention to social and environmental responsibilities, airport operators comprise one of the leading sectors that streamlined their facilities to become increasingly sustainable and environmental. Nevertheless, studies on the environmental operations of airports are insufficient compared with studies on economic or operational efficiency. Therefore, the current study aims to determine any possible improvement in the environmental inefficiency of airports with the utilization of directional distance function (DDF) and to examine operational efficiency with the application of the data envelopment analysis (DEA). The majority of airports have operated their facilities efficiently, but not all have effectively managed pollutants generated by airports. Furthermore, many airports can still potentially reduce CO₂ and water consumption. This study suggests several implementable environmental improvements to the aviation sector. Moreover, other industrial sectors may use the research as a benchmark for enhancing environmental efficiency.

• Journal of Korea Society of Industrial Information Systems
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• v.14 no.1
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• pp.32-42
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• 2009

Information and communication industry, which has been growing rapidly, is now leading the global economic growth, contributing a ripple effect on general business and economic structure. It is said that information and communication industry enables swift economic growth taking a role as a basic industry of information-oriented society. Especially, rapid technical innovation promotes mutual growth of other related industries and it is technology-intensive. The purpose of this research is to analyze the management efficiency of information and communication industry using DEA method, and finally suggests numerical value for inefficient organizations to improve their efficiency. CCR-I, BCC-I efficiency and RTS(Returns to scale) of 29 companies engaged in information and communication industry was evaluated. With the results, we suggested the model companies for benchmarking in information and communication industry. To summarize, 7 companies were selected with CCR-I efficiency rate 1, and 12 companies with BCC-I efficiency rate 1. RTS was finalized with 8 IRS companies, 10 DRS companies, and 11 CRS companies.

• Journal of the Society of Naval Architects of Korea
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• v.45 no.2
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• pp.221-228
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• 2008

This paper describes to determine optimum main particulars of warships which satisfy user's requirements in a concept design stage with minimum construction cost and maximum transportation efficiency. Present worth was used as an assessment criteria of the economical efficiency. And Pareto optimal set was used to have the optimum design.

• KDI Journal of Economic Policy
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• v.40 no.2
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• pp.53-73
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• 2018

Using an overlapping generations model, this paper examines tax policy effects across generations. The model incorporates housing assets separately from capital assets and includes taxes on labor income, capital income, consumption and housing assets. Tax reforms for each tax rate have different effects on tax burdens across generations and the overall efficiency of the economy, leading to different welfare costs for generations. Specifically, raising housing property taxes results in the smallest welfare loss by future generations, as in the model it does not hurt economic efficiency and the tax burden increases mainly for the elderly, who have accumulated housing assets in preparation for retirement.