• Title/Summary/Keyword: Efficiency Profit

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Airport Performance Measurement and Airport Operation System Improvement (우리 나라 공항 운영성과 지표 측정 및 활용방안 연구)

  • Yoo, K.E.;Lee, Y.H.
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.9 no.1
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    • pp.45-58
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    • 2001
  • According to the liberalization of the air transport industry, the operation of airport also takes account of economic efficiency. The owners or the operators of an airport or airport systems want to know what is the best way to achieve the best performance in the aspect of economic efficiency and they are willing to improve the airport operation system. Prerequisite for the improvement of economic efficiency is to measure the performance of not only their own airports but the other airports. This study presents the result of performance measurement of Korean airports. The overall costs performance, labor productivity, capital productivity, revenue performance and profit performance are estimated and interpreted. As conclusions, the suggestion about airport system improvement is presented.

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System Thinking for Increasing the Operational Efficiency of Door-to-door Delivery Network (택배네트워크의 운영효율성 증진을 위한 시스템 사고)

  • Choi, Kang-Hwa
    • Korean System Dynamics Review
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    • v.12 no.1
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    • pp.89-114
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    • 2011
  • With steady increase in the demand for door-to-door delivery services, courier service providers are facing a constant pressure to reduce delivery price in order to secure quantity order and to improve the efficiency and reliability for customer service. The objective of this research is to explain the structure of the door-to-door delivery including door-to-door delivery service demand, sorting capacity in the hub-terminal, and the system performance measures such as service reliability networks using causal loop diagram(CLD). Based on causal relation, this research describes a comprehensive approach to examine how capacity reliability contributes to the renewal of the firm's competences through its reciprocal relationship with travel time reliability and connectivity reliability. Also, this research suggests the policy alternatives to improve effectiveness and efficiency of door-to-door delivery network in response to increase customer satisfaction and profit maximization of the courier service providers: operational, tactical, and strategic levels.

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Analysis of Pricing and Efficiency Control Strategy between Online and Offline Marketing Channels (Online 과 Offline 마케팅 채널 간의 가격경쟁 및 효율성 통제전략 분석)

  • Cho, Hyung-Rae;Yu, Jung-Sub;Cha, Chun-Nam;Lim, Sang-Kyu
    • Journal of Korean Institute of Industrial Engineers
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    • v.27 no.2
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    • pp.181-189
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    • 2001
  • The proliferation of the Internet and related technologies and applications has led to a new form of market place known as the electronic store. In this paper, we study competition between two shopping channels, an electronic store and traditional retailers. Based on the circular spatial market model, we derive the Nash and Stackelberg equilibria as a function of the efficiency of the electronic store. The result shows that the Stackelberg equilibrium is always superior to the Nash equilibrium for both channels. It is also shown that, in some cases, the electronic store has incentive to decrease its efficiency to gain more profit.

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Development of Macro-Porous Silicon Based Dye-Sensitized Solar Cells with Improved Light Trapping

  • Aliaghayee, Mehdi;Fard, Hassan Ghafoori;Zandi, Ashkan
    • Journal of Electrochemical Science and Technology
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    • v.7 no.3
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    • pp.218-227
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    • 2016
  • The light harvesting efficiency is counted as an important factor in the power conversion efficiency of DSSCs. There are two measures to improve this parameter, including enhancing the dye-loading capacity and increasing the light trapping in the photoanode structure. In this paper, these tasks are addressed by introducing a macro-porous silicon (PSi) substrate as photoanode. The effects of the novel photoanode structure on the DSSC performance have been investigated by using energy dispersive X-ray spectroscopy, photocurrent-voltage, UV-visible spectroscopy, reflectance spectroscopy, and electrochemical impedance spectroscopy measurements. The results indicated that bigger porosity percentage of the PSi structure improved the both anti-reflective/light-trapping and dye-loading capacity properties. PSi based DSSCs own higher power conversion efficiency due to its remarkable higher photocurrent, open circuit voltage, and fill factor. Percent porosity of 64%, PSi(III), resulted in nearly 50 percent increment in power conversion efficiency compared with conventional DSSC. This paper showed that PSi can be a good candidate for the improvement of light harvesting efficiency in DSSCs. Furthermore, this study can be considered a valuable reference for more investigations in the design of multifunctional devices which will profit from integrated on-chip solar power.

Study on Procurement Capital Efficiency Using Worst Practice DEA Model (Worst Practice DEA모형을 이용한 조달자본의 효율성 측정연구)

  • Kang, Myoung-seok;Sin, Jeong-hun
    • Journal of Venture Innovation
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    • v.1 no.2
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    • pp.35-46
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    • 2018
  • The research on the efficiency analysis of domestic auto parts companies is mostly based on the calculation of the magnitude of the performance creation such as the sales amount compared to the input assets. However, the performance indicators such as sales, operating profit, and net profit are directly related to the cost structure and This cost structure is affected by changes in the firm's asset and capital structure. As a result, it is considered that efficient capital procurement needs to be done at the same time to create efficient management performance through proper investment. This study focuses on this point and attempts to measure the efficiency of procurement capital relative to the sales and other performance indicators generated by the first 33 suppliers who supply parts to Hyundai Kia Motors. Among the methods of evaluating efficiency, the DEA model based on the linear programming method is most widely used as a nonparametric method but The efficient frontier-based DEA model has the limitation that it can not use the variables that have a downward influence on the efficiency. This is inadequate to directly consider variables such as borrowings and total liabilities related to capital procurement. In this study, the efficiency of capital procurement was measured using Worst Practice DEA and the improvement direction of the capital procurement aspect of domestic auto parts companies was suggested

A Study on the Operating Efficiency of Small and Medium-sized IC Companies in China (중국 중소 IC 회사의 운영 효율성에 관한 연구)

  • Guo, Tian-Jiao;Yang, Jun-Won;Kim, Hyung-Ho
    • Journal of Digital Convergence
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    • v.18 no.1
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    • pp.35-44
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    • 2020
  • The purpose of this paper is to investigate various factors affecting the efficiency of China IC industry, reflecting the resource utilization and overall development level of China IC industry. In this paper, three input indicators (R&D Expenditure, Cash paid to and for employees, Total fixed assets) and two output indicators (Net profit, Sales revenue) were selected for 17 listed companies in the IC industry with operating profit of less than 1 billion yuan in 2018 and applied the technology efficiency theory and DEA analysis method to analyze the relative efficiency of the output base. The study found that one of the 17 companies analyzed was efficient, two were inefficient on an inadequate scale, and the rest were inefficient due to insufficient production technology, scale and management level. This study argues that enterprises should reduce resource input appropriately and strengthen scientific and technological innovation management to maximize resource utilization efficiency. Therefore, this study has important practical significance for improving the efficiency of IC enterprises. The Malmquist method will be used to study the total factor productivity of small and Medium-sized companies in IC industry.

Measuring Efficiency of Korean Fund Operation Company using DEA (DEA 모형을 이용한 국내 펀드 운용사의 효율성 분석)

  • Kim, Jong-Ki;Kang, Da-Yeon;Park, Ki-Woon;Park, Je-Hun;Ok, Seok-Jae
    • The Journal of the Korea Contents Association
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    • v.8 no.4
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    • pp.173-182
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    • 2008
  • It is hard environment to get a profit without active invest due to the low interest. In this kind of environment, however, it is also difficult to find good company directly. So private investors is hard to succeed in comprehensive financial environment. Analyzing efficiency is necessary to enhance the competitive power of fund companies. This paper analyze the efficiency of fund company using DEA models. We evaluate the CCR and BCC efficiency and RTS(return to scale) of 33 Korean fund companies. We also suggest the fund company which can be benchmarked based on analyzed information.

Land Use Strategy of the Station Area (철도역구내의 유휴부지 활용방안 연구)

  • Kim, Hyun-Woong;Kim, Hyun-Kee
    • Proceedings of the KSR Conference
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    • 2003.10b
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    • pp.372-375
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    • 2003
  • Rail station premise's unused land speaks unused space long period among that is station porter underwear space. Also, will may see that two is also unused land if is operated as inefficient occupying a lot of spaces unnecessarily. These space have used by profit making business and station development putting first past. But, necessity of more active business effort is brought ill efficiency side of land. Unused land's efficient practical use is method that can increase railroad property. Therefore, in this study, define shortly about composition of reciprocal space, and presents unused land's practical use plan in station.

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Marginal Analysis for Detailed Estimation (한계분석을 이용한 세부견적법)

  • 이상철;하정진
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.13 no.22
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    • pp.113-120
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    • 1990
  • This paper is concerned with marginal analysis in the detailed estimation method. In a broad sense all estimates are marginal estimates in as much as they are concerned with creating changes from a current course of action. Only after a detailed ostinato is made can the engineering realize and exploit the advantages of marginal analysis. Marginal analysis is good tool for nonlinear break-even analysis adapted real world, and much more information and efficiency of CVP(Cost-Volumn-Profit) are provided with marginal analysis.

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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.