• Title/Summary/Keyword: Efficiency of operations

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A Novel BIRA Method with High Repair Efficiency and Small Hardware Overhead

  • Yang, Myung-Hoon;Cho, Hyung-Jun;Jeong, Woo-Sik;Kang, Sung-Ho
    • ETRI Journal
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    • v.31 no.3
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    • pp.339-341
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    • 2009
  • Built-in redundancy analysis (BIRA) is widely used to enhance the yield of embedded memories. In this letter, a new BIRA method for both high repair efficiency and small hardware overhead is presented. The proposed method performs redundancy analysis operations using the spare mapping registers with a covered fault list. Experimental results demonstrate the superiority of the proposed method compared to previous works.

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A Study on Efficient Evaluation for Before and After of ERP Implementation using DEA in Manufacturing Industry (제조 업종의 ERP 도입 전후에 대한 DEA 상대적 효율성 비교 평가)

  • Hahm, Yongseok;Kim, Tai-Young;Park, Chang-Soon
    • Journal of Information Technology Applications and Management
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    • v.20 no.3_spc
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    • pp.169-185
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    • 2013
  • In this research, for find out how operations efficiency for ERP systems, after introducing ERP to manufacturing firms with DEA technique. According to research analyzed relative time dependent efficiency, using Time Window Analysis. And for company group and the other firm within the each same Industry, the relative effectiveness of each company group establishment was compared using DEA.

ZCS Forward DC-DC Converter using PCB Transformer and Inductor (PCB 변압기 및 인덕터를 이용한 ZVA Forward DC-DC 컨버터)

  • 안태영
    • Proceedings of the KIPE Conference
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    • 2000.07a
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    • pp.159-162
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    • 2000
  • In his paper the principle of using coreless printed circuit board (PCB) based transformer in 2.3MHz, 12W class ZVS Forward DC-DC converter has been successfully demonstrated. With no core loss coreless PCB transformer and inductor are found to have favorable characteristics at high frequency operations. The maximum power conversion efficiency is 80% Even for high operating frequency an efficiency greater than 70% can be obtained with under 0.7% regulation error.

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A Framework for Investment Justification and Economic Operation- (한국의 다목적댐 수력발전 체계-투자의 정당화와 경제적 운영-)

  • 이승규;박용삼
    • Journal of the Korean Operations Research and Management Science Society
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    • v.12 no.1
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    • pp.157-157
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    • 1987
  • Hydro-electric power generation from multi-purpose dams has been playing important roles in the electric power supply network in Korea. Although the total share of hydro power in national electricity supply now becomes very small, the peak-shaving and frequency control capability of hydro power helps the power company enormously in maintaining the quality of power. But since the company that builds and operates the multi-purpose dams in Korea has to sell all the electricity produced to the monopolistic utility, there have been various problems in justifying the investment, designing pricing mechanism, and controlling operations of the power plants. In addition, economic evaluation of the hydro power has been distorted by a variety of reasons and hence it has been very difficult to encourage effective development and utilization of national water resources. To make the problem worse, both parties are public companies with X-inefficiency problems. Thus, changing environment requires to reengineer the system that governs hydro power generation. We address the problems of Korean hydro-electric power generation system in four areas: the investment justification process, the operations decison right of the hydro power plants, the pricing of the purchased-power, and the negotiation of contract revision. Then we propose improvement directions of new hydro-electric power system in view of static and dynamic efficiency, X-inefficiency and equity.

Relationship between Firm Efficiency and Stock Price Performance (기업의 운영 효율성과 주식 수익률 성과와의 관계)

  • Lim, Sungmook
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.4
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    • pp.81-90
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    • 2018
  • Modern investment theory has empirically proved that stock returns can be explained by several factors such as market risk, firm size, and book-to-market ratio. Other unknown factors affecting stock returns are also believed to still exist yet to be found. We believe that one of such factors is the operational efficiency of firms in transforming inputs to outputs, considering the fact that operations is a fundamental and primary function of any type of businesses. To support this belief, this study intends to empirically study the relationship between firm efficiency and stock price performance. Firm efficiency is measured using data envelopment analysis (DEA) with inputs and outputs obtained from financial statements. We employ cross-efficiency evaluation to enhance the discrimination power of DEA with a secondary objective function of aggressive formulation. Using the CAPM-based performance regression model, we test the performance of equally weighted portfolios of different sizes selected based upon DEA cross-efficiency scores along with a buy & hold trading strategy. For the empirical test, we collect financial data of domestic firms listed in KOSPI over the period of 2000~2016 from well-known financial databases. As a result, we find that the porfolios with highly efficient firms included outperform the benchmark market portfolio after controlling for the market risk, which indicates that firm efficiency plays a important role in explaining stock returns.

Human-in-the-Loop Simulation Analysis of Integrated RPAS Operations in Trajectory Based Operations Environment

  • Oh, Hyeju;Kang, Jisoo;Kang, Seon-Young;Choi, Keeyoung;Lee, Hak-Tae;Jung, Hyuntae;Moon, Woo-Choon
    • International Journal of Aeronautical and Space Sciences
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    • v.17 no.4
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    • pp.604-613
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    • 2016
  • In this paper, Human-in-the-Loop (HiTL) simulations of Remotely Piloted Aircraft System (RPAS) operations in two different Air Traffic Management (ATM) concepts, conventional radar vectoring and Trajectory Based Operations (TBO), were performed to assess the impacts of RPAS integration in the future ATM environment. TBO concept maximizes the throughput by planning and sharing 4-D trajectories between pilots and controllers, and it is considered one of the key concepts to enable RPASs to operate with manned aircraft in congested airspaces. RPASs are characterized by having communication delay or temporary loss of communication. TBO capability was added to the integrated air traffic simulation system for this study, which was developed in the Inha University. HiTL simulations were performed by a trainee air traffic controller with three scenarios, and the data were analyzed using safety, efficiency, and controller workload metrics. The results suggest that TBO were effective in reducing delays and controller workload while maintaining the level of safety.

Imprecise DEA Efficiency Assessments : Characterizations and Methods

  • Park, Kyung-Sam
    • Management Science and Financial Engineering
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    • v.14 no.2
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    • pp.67-87
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    • 2008
  • Data envelopment analysis (DEA) has proven to be a useful tool for assessing efficiency or productivity of organizations which is of vital practical importance in managerial decision making. While DEA assumes exact input and output data, the development of imprecise DEA (IDEA) broadens the scope of applications to efficiency evaluations involving imprecise information which implies various forms of ordinal and bounded data possibly or often occurring in practice. The primary purpose of this article is to characterize the variable efficiency in IDEA. Since DEA describes a pair of primal and dual models, also called envelopment and multiplier models, we can basically consider two IDEA models: One incorporates imprecise data into envelopment model and the other includes the same imprecise data in multiplier model. The issues of rising importance are thus the relationships between the two models and how to solve them. The groundwork we will make includes a duality study which makes it possible to characterize the efficiency solutions from the two models. This also relates to why we take into account the variable efficiency and its bounds in IDEA that some of the published IDEA studies have made. We also present computational aspects of the efficiency bounds and how to interpret the efficiency solutions.

Evaluating Managerial Efficiency of Fisheries Cooperatives in Korea : Data Envelopment Analysis (한국 수산업협동조합의 경영효율성 평가 : 자료포락분석)

  • 최정윤;남수현;강석규
    • The Journal of Fisheries Business Administration
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    • v.34 no.2
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    • pp.109-129
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    • 2003
  • The purpose of this study is to evaluate the managerial efficiency of fisheries cooperatives in Korea by using data envelopment Analysis(DEA). The DEA method is a relative evaluation method on the basis of linear programming. Also, it is known as a useful method for the evaluation of not-for-profit organizations which cannnot be measured by mere monetray units for their performances. The 50 units have been taken for the purpose of analysis. All of the units are homogeneous groups, and the produce multiple services with multiple inputs. Input variables are a number of employee, fixed assets, and business managerial costs. Output variables include a number of deposits, a number of loans, a total deposits, a total loans, and operational income for one year. The empirical results of this study are as follows. First, the average technical efficiency showed 82.35% which revealed about 17.65% of non-efficiency in 2001. Second, in 15 DMUs, the overall inefficiency is mainly attributed to their efficient operations or management. To be opposed, in 18 DMUs, the overall inefficiency is mainly attributed to their scale efficiency. Third, efficiency ranking results by DEA do not agree with the ratio analysis by fisheries cooperatives. Fourth, average efficiency level by year was improving gradually by 0.7408 in 1999, 0.8023 in 2000, and 0.8235 in 2001 at significant 10% level.

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An Efficiency Analysis of Integrated Online and Offline Operations of Listed Retail Companies -Focusing on 28 listed retail companies in China- (상장 소매업체의 온라인·오프라인 통합 운영 효율성 분석 -중국 28개 상장 소매업체를 중심으로-)

  • Wu, Li-Yan;Kim, Gui-Jung;Kim, Hyung-Ho
    • Journal of Digital Convergence
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    • v.18 no.1
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    • pp.73-81
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    • 2020
  • The purpose of this paper is to analyze the efficiency of on-off-line integrated operations of listed retailers, propose ways to identify and improve the problems of inefficient enterprises, and accelerate the integration of on-off-line. The 28 listed retail companies selected total capital, management expenses, number of employees and wage rates as input factors as of 2018 and total operating income and operating profit were selected as output indicators to analyze efficiency using DEA. The results show that the integrated enterprise has a higher overall level of operational efficiency, but it is still in a state of stagnation. The pure technical efficiency of the integrated enterprise is generally higher, and the scale efficiency is the main reason that the overall efficiency of the enterprise is not improved. This study can help retail companies adjust their development strategies of online and offline integration according to their own degree of online and offline integration. This study has limitations in explaining the change in efficiency of retailers by conducting a cross-sectional analysis using data limited to 2018. It is necessary to utilize data over the next several years to conduct a longitudinal analysis.

A Study on Efficiency Improvement by Fine Tuning of Power Plant Control (제어시스템 튜닝에 의한 발전소 효율향상에 관한 연구)

  • Kim, Ho-Yol;Kim, Byoung-Chul;Byun, Seung-Hyun
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.10
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    • pp.1496-1501
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    • 2012
  • A fine tuning on a control system is essential not only for stable operation but also for efficient operation of the power plant. There has been a very few studies on efficiency change by control system tuning. So, it was not clear that if it could be improved or not when the control is stable by fine tuning and how much it could be improved if it works. An accurate algorithm for measurement of the plant efficiency was newly introduced and implemented to measure integrated fuel flow and electricity MW output and to calculate the mean efficiency for given time. As a result, stable operation after fine tuning of control parameters for major controlled variables brought higher efficiency than un-stable operations like a cycling or an oscillation. The plant efficiency has been monitored during various tests and tunings to confirm how much it changes by tuning of the control system on power plant. Now, we can say that the efficiency can be improved in stable operation by fine tuning of the control system.