• Title/Summary/Keyword: Efficiency

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Data Envelopment Analysis of Managerial Efficiency of China, Korea and Other Global Retail Distributors (자료포락분석을 이용한 중국·한국·글로벌 소매유통업체 경영효율성 분석)

  • Wang, Peng;Kim, Moon-Hong
    • Journal of Distribution Science
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    • v.16 no.5
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    • pp.91-101
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    • 2018
  • Purpose - This study compares the management efficiency of retailers in China, Korea and other global countries. China's retail industry is experiencing a recession. In order to strengthen the competitiveness of retailers, it is necessary to manage the efficiency. Therefore, we analyzed the management efficiency of Chinese retailers as well as Korea and global retailers who are competing with Chinese retailers. Research design, data, and methodology - The DEA(Data Envelopment Analysis) carried out for evaluating the relative efficiency of multiple DMUs (decision making units) with homogeneity. Data were collected from the American Retail Trade Association (2017). In those distributors' data, 5 of China and 5 of Korea and 10 of other global countries' analyzed. CCR and BCC analysis were performed to determine the cause of the inefficiency of DMUs by measuring the technical efficiency, pure technology efficiency and scale efficiency. Result - Among the 20 retail distributors, Costco, Kroger (Global), Eland World, BGF(Korea) are operating efficiently. Chinese retailers are operating inefficiently. Retailers' CRS status means the growth rate of input is equal to the growth rate of output. In the case of DRS status, the ratio of output to input variable is much smaller. In order to improve inefficiency, reducing input variables can be a solution. For the firms in IRS status, the rate of increase in output is relative greater than the input. That means efficiency is good condition. The analysis result shows that most retailers are showing DRS status especially Chinese retailers. Scale efficiency is a major cause of inefficiency rather than pure technology efficiency. It is recommended for ineffective retailers to reduce inputs to become efficient retailers. Otherwise, retrain existing employees or introducing advanced technologies to increase the output. Conclusions - Most of Chinese retailers are operating inefficiently which caused by the excessive investment in the inputs. On the other hand, Other global retailers are analyzed to be efficient by DEA. In this study, benchmarking targets of some retailers' suggested to improve the management efficiency especially in inputs.

A Study on Effect Factor of Load Transfer Efficiency in Concrete Pavement (콘크리트포장에서 하중전달효과 영향인자 연구)

  • Yang, Hong-Suk;Suh, Young-Chan;Kwon, Soo-Ahn
    • International Journal of Highway Engineering
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    • v.3 no.3 s.9
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    • pp.147-158
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    • 2001
  • One of the most important factors accounting for the structural capacity of concrete pavement is load transfer efficiency. Load transfer efficiency is affected by slab temperature gradient, construction of dowel bars, degree of aging, and crack width. The purpose of this study is to determine the patterns of load transfer efficiency of concrete pavement; to determine the factors that affect the load transfer efficiency; and to present the proper measuring method of load transfer efficiency. As a result from this study, load transfer efficiency was affected primarily by the average temperature in concrete slab. Load transfer efficiency decreased with decreasing temperature and increasing crack width. For the sections with dowel bars, there were little differences in load transfer efficiency regardless of temperature changes. For the sections without dowel bars, however, there on great losses of load transfer efficiency at low temperatures. For the old pavement, even in the sections with dowel bars, the load transfer efficiency reduced as the temperature dropped For the sections in this study, 1.4% reduction of the load transfer efficiency was observed for each $1^{\circ}C$ drop in the slab temperature.

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Technical Efficiency, Scale Efficiency, Environmental Efficiency and the Analysis of the Decision Factors (기술효율, 환경효율, 규모효율과 그 결정요인 분석 -한국농가의 소득계층을 중심으로-)

  • Kang, Sang-Mok;Kim, Taesoo;Kim, Taegu;Lee, Dongmyong
    • Environmental and Resource Economics Review
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    • v.14 no.3
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    • pp.595-626
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    • 2005
  • The purpose of this paper is to estimate technical efficiency, scale efficiency, and environmental efficiency by income level of Korean farms, and analyze the factors to decide three efficiencies. Depending on the non-parametric methods, we estimate technical using inputs and outputs of total farms without assuming of goods or behavior of optimization. The average technical efficiency of total firms under constant return to scale and strong disposability is 0.437. The technical inefficiency was caused by 47.7% in pure technical inefficiency, 11.3% in scale failure, and 3.2% in environmental inefficiency. The number of firms under increasing return to scale occupied almost 70% and 27% of total firms respectively. Higher are income class, middle debt & long debt per asset, and N effluents per cultural land, higher technical efficiency. The increases of BOD discharges per cultural land and machines per cultural land deteriorate environmental efficiency.

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The Evaluation Research of Weihai Fishery Production Efficiency Based on DEA Model (基于DEA模型的威海渔业生产效率评价研究)

  • Wu, Yinuo
    • Journal of East Asia Management
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    • v.3 no.1
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    • pp.11-23
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    • 2022
  • Under the circumstances of China's slower economic growth, the first document ofthe central committee of the CPC continue to focus on "three agricultures" problems, agriculture play a basic role on China's economic. Since 2007, the first document directly stresses the important role of agricultural and fisheries every year. Central Government Working Report of 2015 also stresses that under the new normal of economy, it is important to improve quality and efficiency of agriculture. Agricultural focus going forward will be on improving capacity of competitiveness, innovation and sustainable development.The fishery as an important part of agriculture plays a vital role in the protection of national food security, the prosperity of the rural economy and the optimization of national food structure. However, the situation faced on accelerating the speed of Chinese fisheries is still grim. As an important fishery breeding city in my country, Weihai has achieved remarkable results in the development of fisheries. Based on the input-output indicators of Weihai City from 2010 to 2020, this article uses the DEA model method to conduct a comprehensive analysis of the factors affecting the fishery production efficiency in Weihai City. This paper calculates the two stages of comprehensive efficiency, pure technical efficiency and scale efficiency, and comprehensive compares the two stages. The research results show that: From 2010 to 2020, the average comprehensive technical efficiency of Weihai fishery was 0.928, the average scale efficiency was 0.963, and the average pure technical efficiency was 0.963. The comprehensive technical efficiency of Weihai fishery production showed an upward and downward trend, the pure technical efficiency showed a downward and then upward trend, and the pure technical efficiency showed a fluctuating trend.

An Estimation of Domestic Regional Energy Efficiency Using Stochastic Distance Function (확률적 거리함수를 활용한 지역별 에너지효율성 추정)

  • Jeong, Dasom;Kang, Sangmok
    • Environmental and Resource Economics Review
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    • v.30 no.4
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    • pp.581-605
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    • 2021
  • The purpose of this study is to provide basic data for improving energy efficiency by estimating the regional energy efficiency in Korea using the stochastic frontier approach beyond the energy intensity that has been traditionally used as an indicator of energy efficiency. In this paper, energy efficiency and energy intensity efficiency were estimated as a stochastic distance function from 1998 to 2018 for 16 cities and provinces in Korea. In addition, the robustness of energy efficiency according to the capital stock estimation methods which had been mixed in previous studies was reviewed. As a result of the analysis, there is a significant change in regional rankings according to the three energy efficiency indicators, so they should be used complementary to each other. Second, while the energy efficiency improved little by little over time, the energy intensity efficiency decreased slightly though. Lastly, energy efficiency by region according to the capital stock estimation method was not robust. Care must be taken in estimating capital stock, which is important in economic analysis.

A Study on Thermodynamic Efficiency for HTSE Hydrogen and Synthesis Gas Production System using Nuclear Plant (원자력 이용 고체산화물 고온전기분해 수소 및 합성가스 생산시스템의 열역학적 효율 분석 연구)

  • Yoon, Duk-Joo;Koh, Jae-Hwa
    • Transactions of the Korean hydrogen and new energy society
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    • v.20 no.5
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    • pp.416-423
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    • 2009
  • High-temperature steam electrolysis (HTSE) using solid oxide cell is a challenging method for highly efficient large-scale hydrogen production as a reversible process of solid oxide fuel cell (SOFC). The overall efficiency of the HTSE hydrogen and synthesis gas production system was analyzed thermo-electrochemically. A thermo-electrochemical model for the hydrogen and synthesis gas production system with solid oxide electrolysis cell (SOEC) and very high temperature gas-cooled reactor (VHTR) was established. Sensitivity analyses with regard to the system were performed to investigate the quantitative effects of key parameters on the overall efficiency of the production system. The overall efficiency with SOEC and VHTR was expected to reach a maximum of 58% for the hydrogen production system and to 62% for synthesis gas production system by improving electrical efficiency, steam utilization rate, waste heat recovery rate, electrolysis efficiency, and thermal efficiency. Therefore, overall efficiency of the synthesis production system has higher efficiency than that of the hydrogen production system.

A Study on the Optimal Conditions of the Biogas Sorting by Using the Polysulfone Membrane (다공성 분리막을 이용한 최적의 Bio-gas 분리인자 도출)

  • Lee, Seung-Won;Jeong, Chang-Hoon;Kim, Jung-Kwon
    • Journal of Environmental Science International
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    • v.20 no.8
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    • pp.1011-1019
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    • 2011
  • The objective of this research is to evaluate optimal conditions of permeability and selectivity on the polysulfone membrane for efficiency of separation of $CH_4$ by checking four factors which are temperature, pressure, gas compositions and gas flow rates. When higher pressure was applied at the input, lower efficiency of recovery of $CH_4$ and higher efficiency of separation of $CH_4$ were shown. It has the tendency to show lower efficiency of recovery of $CH_4$ and higher efficiency of separation of $CH_4$ at the output as higher temperature at input. The lower flow rates make higher efficiency of recovery of $CH_4$ and lower efficiency of separation of $CH_4$. Finally, over 90% efficiency for $CH_4$ separation and recovery conditions are temperature ($-5^{\circ}C$), pressure (8 bar), gas composition rate (6:4) ($CH_4:CO_2$) and gas flow rate ($5\ell$/min). These conditions make higher separation and recovery efficiency such as 90.1% and 92.1%, respectively.

Determinants of Retail Banking Efficiency: A Case of Vietcombank Branches in the Mekong-Delta Region

  • LE, Thi Thu Diem
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.439-451
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    • 2020
  • This study focused on researching the factors affecting retail banking efficiency of Vietcombank branches in the Mekong-Delta region. By collecting data from financial statements from 15 branches of VCB in the Mekong-Delta Region between 2015 and 2018, the paper applies DEA estimation to measure the effectiveness of retail banking activities and uses the Tobit regression model to identify factors affecting retail banking efficiency. The results demonstrate that the retail banking efficiency of branches averaged 52.5% during the period. The rating result shows the branches in An Giang, Can Tho, Dong Thap, Kien Giang, Long An, Phu Quoc and Tra Noc rank at the top technical efficiency. In group of medium efficiency, there are branches in Soc Trang, Tien Giang and Vinh Long. In the category of the poor efficiency are the branches in Bac Lieu, Ben Tre, Ca Mau, Chau Doc and Tra Vinh. The results also show that bank scale-related factors, capital adequacy, credit quality, time specific and region impact significantly the retail banking efficiency. The research not, only contributes to enriching the empirical research method but also is significant for the management activities in business developing strategies, improving the operational efficiency of Vietcombank in the region.

The Study for Influence of the Efficiency Score of Public Corporation Medical Center on Revenue and Expenses (지방공사의료원 규모의 효율성이 수입과 비용에 미치는 영향에 관한 연구)

  • Kim, Yang-Kyun;Han, Bo-Ra
    • Health Policy and Management
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    • v.15 no.2
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    • pp.53-69
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    • 2005
  • This study has two different objectives. First of all is to comparing results of size efficiency scoring on Public Corporation Medical Center(PCMC) by years of 1993, 1997 and 2003 using Data Envelopment Analysis (DEA). The second is to explore the relationship between revenue and PCMCs' efficiency score, and the relationship between expenses and the efficiency score in 2003. The average efficiency scores were significantly decreased by years of 1993, 1997 and 2003. The revenue per bed(revenue) in 2003 was smaller than the expenses per bed(expenses) in 2003, therefore PCMCs had deficits in 2003. The expenses was negatively related to the efficiency score. Therefore its means was that improving efficiency score decreased expenses. Contrarily, the revenue had any significant relation to the efficiency score. PCMC needs to various endeavors to improve their productivity and efficiency. One of the alternatives is reduce of work load through integration of PCMC and development of new performance index reflecting their situation and future direction.

An Analysis on the Determinants of Efficiency of the Pharmaceutical Firms using Stochastic Frontier Analysis (Stochastic Frontier Analysis를 이용한 제약회사의 효율성과 그 결정요인분석)

  • Sakong, Jin;Kim, Jeongkyu
    • Health Policy and Management
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    • v.25 no.2
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    • pp.97-106
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    • 2015
  • Background & Methods: The purpose of this research is to estimate the efficiency of the pharmaceutical firms and the determinants of their efficiency. Stochastic frontier analysis(SFA) and panel study are applied to the data of 60 domestic pharmaceutical firms from 2006 to 2012. Results & Conclusion: First, the result of the stochastic frontier analysis shows that overall efficiency of the pharmaceutical firms is increasing as time goes by. However, if firms are classified by the scale, the larger firms show more efficiency and if classified by the degree of innovativeness, the innovative firms show more efficiency compared to the non-innovative firms. This evidences show that the scale and R&D investment have significant relationships with the efficiency of the pharmaceutical firms. Therefore, it is necessary to increase the national level of investment for the fundamental researches to vitalize R&D of the new drugs. Second, the result of estimation of the determinants of efficiency shows that the firms with larger sales promotion expenses and entertainment expenses have less efficiency compared to the other firms. This can be explained by the structural characteristics of the small generic pharmaceutical firms. Therefore, the government had better make the pharmaceutical firms to reduce sales promotion and entertainment expenses and increase R&D expenses by introducing systems such as global budgeting system on medicine or reference pricing system.