• Title/Summary/Keyword: Efficiency of Educational Investment

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A Study on the Marginal Efficiency of Educational Investment (교육투자의 한계효용에 관한 이론적 고찰)

  • 이귀환
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.1 no.1
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    • pp.11-26
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    • 1978
  • Economic development is usually identified with the increased of G.N.P and capital formation connected directly wi:11 the net increase of land, structure, commodity, stocks and foreign claims, etc. The increase of G.N.P. is driving at capital formation. The usual concept of capital formation for economic development misses the important productivity factor of human capital. Because it is now increasingly realized that a massive injection of material into production will 11 not necessarily explain a successful productivity unless that country already possesses 1 suitable human capital. Human capital is built of educational investment which is related to the physical capital. Many statistical investigations identified this reality. Of late years, a great crowd of economists studying an the problem of economic development have turned their attention towards human capital. Thereupon, this paper has dealt with the fact that educational investment affects physical capital and employment. The qualitative increment of human capital will increase the productivity but excessive expenditure on human capital will squander a physical capital. In designing a strategy of human capital for economic development, one needs to consider tile level of educational investment because educational investment of developing countries will be accasionaly made or marred by investment level and direction.

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Profit efficiency and constraints analysis of shea butter industry: northern region of Ghana

  • Tanko, Mohammed
    • Korean Journal of Agricultural Science
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    • v.44 no.3
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    • pp.424-439
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    • 2017
  • This study was undertaken to examine the profit efficiency and its determining factors, the investment opportunity, and the challenges of shea butter producers in the northern region of Ghana. The methods employed in this research were the Stochastic Profit Frontier (SPF) model, gain-cost and investment return analyses, as well as Kendall's W statistic using primary data collected from 120 purposively-selected respondents. Results from the analysis indicated that profit efficiency was positively influenced by sex, household size, marital status, educational level, transportation cost, store rent, and price of shea nut with a gain in profit efficiency of 58.5%. The investment analysis demonstrated a net gain per person of $8,077 equivalent to GH₵ 28,270 Ghanaian cedi (GH₵) using 2016 exchange rate (GH₵ 3.5 = $1). Among the challenges identified, the poor quality of shea nuts was the most prioritised challenge with 72.8% agreement among the respondents. Based on these findings, it was recommended that proper training and education, as well as improvement in shea nut quality, should be promoted to improve the profit efficiency of shea butter producers.

Programs for Higher Efficiency of Private Sector Investment in Educational Facilities -With Focus on Combining of Public Service Facilities- (학교시설 민자 사업의 효율화 방안 -공공서비스 시설의 복합화 중심으로-)

  • Kang, Hyun-bin;Lee, Jae-Lim
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.8 no.1
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    • pp.11-22
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    • 2009
  • School is a basic and the most fundamental facility of city planning just like other basic public facilities including the village office. Every plan is established on the basis of school. However, the problems such as the population reduction resulting from the nuclear family-zation and low birth rate, employment and welfare of the aged people resulting from "the old aged society", and the infant nursing and education resulting from a rapid increase of the working couples become notable and accordingly more requirements are being made. Reflecting this trend, the concept and operation system should be changed. Up to now, the BTL projects of the educational facilities are gaining a reputation of being efficient in terms of national budget running, but at the same time receiving negative reputation in terms of budget saving under the civil creativity and efficiency. Through upgrading the private sector investment projects into the BTO+BTL system and further into the BTO(Build Transfer Operate), we can accomplish the original goals of the private sector investment projects, and can make the education budget operation more efficient, and can greatly improve the education environments. However, we should not underestimate in this process that these facilities should not negatively affect the education environments. In any situation, the owners of schools are students.

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An Analysis on Educational Experience of Competent Engineering Students based on Personal Investment Theory (우수한 공대생의 교육 활동 참여 분석: 개인투자이론을 기초로)

  • Hong, Seongyoun
    • Journal of Engineering Education Research
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    • v.20 no.4
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    • pp.51-60
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    • 2017
  • The purpose of this research is to analyze the educational experiences of competent engineering students and finding the reason why they invest their time and efforts engaging in school activities. Five students with high GPA, high K-CESA scores and successful employment or entrance test scores, participated in the survey and the interview. In checking their responses, their activities' records were gathered from school DB. According to the modified framework based on the personal investment theory, the interviews, survey and DB records were analyzed on the sense of self, the social cultural environment, and pattern of behaviors in schools. The competent engineering students are able to manage themselves, in maintaining a good relationship with the collegiate, and in having high self-efficiency. They also tend to put effort into their studies and participate in inbound and outbound school activities. At the last part, freshmen foundation, relationship within college, students' activity related future career, economic stability during studies are suggested for supporting students in universities.

The Change of Age Structure of Population and the Efficiency of Education Investment (인구구조의 변화와 교육투자의 효율성)

  • Lee, Jong-Ha;Hwang, Jin-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.6
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    • pp.2528-2534
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    • 2011
  • This paper investigates the relationship between the change of age structure of population and the efficiency of education investment, using cross-section of 106 countries. Based on the existing theoretical arguments, we establish a hypothesis concerning the relationship between age structure and education investment efficiency. The regression results suggest that a country's with a higher ratio of young age to total population results in a lower level of the efficiency of education investment. However, there exists a positive and significant relationship between the ratio of old age to total population and the efficiency of education investment. Therefore, it does suggest that countries experiencing reducing in fertility rate and increasing in expected longevity, such as Korea, not only should be maximized the education efficiency but also contrived for the institutional system for maximization the efficiency of education performance.

Efficiency Analysis of the HVAC system in the School Facilities Using the Geothermal Energy -Focused on the energy consumption- (지열을 이용한 학교시설의 냉·난방시스템 효율성분석 -에너지 소비량을 중심으로-)

  • Park, Dong-Soon;Lee, Jae-Rim
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.6 no.2
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    • pp.25-52
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    • 2007
  • This paper is focused on the economical efficiency of the geothermal heat pump system in school. As the importance of problems of environment and energy becomes larger, the development and distribution of energy-saving technology in the whole nation has become influential. This paper is intended, targeting on school buildings scattered all over the country, to evaluate the introduction and possibility of a terrestrial heat system which is in the first stage of introduction in the country, through energy consumption and efficiency in case where a terrestrial heat system is introduced. To do that, the author performed a qualitative analysis of the heat pump system using various terrestrial heat energy and the system introduced to existing school buildings and, through the analysis, made tentative evaluation on the most environment-friendly and energy saving type system. Also, the author performed simulation analysis using a currently typical school building standard and, on the basis of this result, conducted efficiency analysis of various heat pump systems. The conclusion according to synthetical analysis & evaluation can be summarized as follows. In case a heat pump system is introduced to a school building, it was deemed the investment in the early stage would increase, but the investment could be collected within 5~6 years through reduction of large operation expenses. Also, it was analyzed in case of terrestrial heat contracted heat mode using midnight electric power among heat pump systems, not only early investment but also operation expenses could be reduced to a great extent. Accordingly in case the system using terrestrial heat energy is applied to the school buildings that are to be newly built or repaired in the future, it will provide an object-lesson to students as well as contributing to energy saving.

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A Study on the Architectural Design of Student Circulation Space (학교건축의 복도(複道) 계획에 관한 연구)

  • Lee, Hwa-Ryong
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.3 no.1
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    • pp.24-34
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    • 2003
  • The architectural design of student circulation space has a pronounced influence on the educational function of a school building. Recent curriculum and new teaching methods have required the sufficient space provided for circulation and various circulation spaces in a school building, such as elevator, pilotis, bridge, atrium, deck, lobby and locker room. However excessive circulation space is wasteful form the standpoint of both initial investment and operation. This study aims to investigate new circulation patterns and functions, and to propose the adequate size in planning a school corridor. For this purpose, it explores the recent trends of the corridor planning represented in the excellent school facilities in 2002. and analyzes the newly-added functions In the school corridor : architectural in-between space, dwelling space for ordinary activities, space for educational media and auxiliary learning space. This research recommends that the corridor width be carefully planned according to the supposed functions in order to achieve the efficiency in the design of school facilities.

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Financial Integrity Strategies for Sustainable Development of Local Public Medical Centers: Focused on Financial Efficiency and Publicness (지방의료원의 재무적 효율성과 공공성 향상을 위한 관련 요인 분석)

  • Kim, Sinah;Sohn, Minsung;Moon, Sungje;Yoon, Heesoo;Choi, Mankyu
    • Korea Journal of Hospital Management
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    • v.22 no.2
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    • pp.44-57
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    • 2017
  • The objective of this study is to investigate financial integrity strategies for sustainable development of local public medical centers, and particularly focus on seeking ways to enhance its financial efficiency and publicness. The data which was collected from 33 local public medical centers was analyzed by Data Envelopment Analysis to measure its financial efficiency. Then, Matrix Analysis was used to examine the association of financial efficiency and publicness of local public medical centers with related factors. In the aspects of facilities and location, according to the results, the local public medical centers which have larger number of available hospital beds or located in bigger cities were examined to have higher degree of publicness. In the aspect of human resources, greater number of doctors made both financial efficiency and the degree of publicness decreased, whereas higher participation rate of educational program for doctors affects increasing its financial efficiency and publicness. Lastly, in the aspect of costs, higher labor, material, and administrative cost diminished financial efficiency, but enhanced the degree of publicness. Based on these results, this study concluded that enhancing the publicness of local public medical centers should be pursued by increasing the accessibility with better facilities and location, and also concurrently organizing rational expenditure structure with appropriate cost investment to the resources of local public medical centers. Also, it is necessary to enhance both financial efficiency and publicness simultaneously by improving the quality of health care services through the educational programs for medical staffs.

Efficiency Improvement of Existing School Facilities to Improvement Project through the Enhancement of the Integrated (기존학교 시설개선사업의 통합적 추진을 통한 효율화 방안 -K-TEGS 평가기법을 통한-)

  • Lee, Sang-Min;Kim, Seong-Joong;Meang, Joon-Ho
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.10 no.1
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    • pp.42-52
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    • 2011
  • The importance of education and training facilities and education facilities on the relationship between effective as demonstrated in many studies can be very big. In this study, the status of existing school facilities improvement project is done individually, based on the systematic integration of the improvement project was to evaluate the feasibility. Furthermore, it was based on looking for ways to effectively pursue. Training School Facilities Improvement Program to be competitive, the country continued to be pursued systematically and very large scale as a whole must be a great national project. So much to promote efficient business environment, quality of education for children with detractors of the national budget to ensure efficient and most importantly in terms of economic investment that can be. In this study, the proposed K-TEGS existing school facilities, such as the development of techniques for the assessment based on this effort to promote an efficient business should be done on a continuous basis.

Relevant Research on Effective Reuse Scheme of China's Rural Idle Schools - Taking Perfecting Rural Public Facilities as an Example - (중국 농촌폐교 재활용방안에 관한 기초연구 -농촌공공시설을 중심으로-)

  • Mou, Biao;Lee, Jong-Kuk
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.13 no.2
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    • pp.35-43
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    • 2014
  • Under the influence of birth control and rapid urbanization, China's rural school-age population is on a year-by-year decrease, which has led approximately 300 thousand middle and primary schools to idleness ever since 2000. A majority of these idle schools are located in rural areas, almost one half remaining idle due to vagueness in property right. The disposed schools are less efficient for not being combined with the real situation of rural areas. Based on the opportunity of coordinative development of urban-rural areas, this paper analyzes the situationsin terms of the development of public service facilities and the gap between rural and urban areas over the recent years. Then the effective and sustainable reuse scheme to dispose of the idle schools and reshape them into the facilities for the elders, cultural facilities and medical facilities is proposed from the perspectives of perfecting rural public service facilities and guaranteeing citizens' equal share of public service, which both maintains the public nature of the idle schools, reconciles the fuzzy property right, and boosts efficiency of reuse, saves resources, and reduces investment for perfecting rural public facilities.