• Title/Summary/Keyword: Profit Model

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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.

Introduction to 3D game character production skill for 3D on-line game (3D온라인게임을 위한 효율적인 3D게임캐릭터 제작기법)

  • 김미진;김재준
    • Journal of Korea Society of Industrial Information Systems
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    • v.8 no.4
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    • pp.55-63
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    • 2003
  • The game & multimedia industry is a high-valued industry comparing to any industry. Also, it has been shown the possibility as considerably bright future industry due to a development of the Internet, an explosive growth of on-line game market, and a union with virtual reality technology Since an on-line game having a clear profit model is expanding to PC and other platform, it brings to us a large change throughout the whole game industry. In order to develop a game, we need a number of elements. A game character among them delivers to a user the overall characteristics of a game as a visual representation and makes us access to a game directly and sensuously. A game character of on-line game is considerable in an operation in the volume of initial sales from a viewpoint of marketing. In addition, it affects to secure users and be immersed in a game. In this paper, we propose a production skill of an efficient 3D game character for 3D on-line game.

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A Successful Example of the PMIS to Dongnam Distribution Complex Project using TPMS(Total Project Management System) of the GS E&C (GS건설 TPMS를 통한 동남권유통단지 이주전문상가 현장 PMIS 성공사례)

  • Lee, Heung-Won;Park, Chan-Jeong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.129-134
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    • 2007
  • In 1996, GS E&C became the first in the industry to adopt a Project Management System using EVM(Earned Value Management) to link schedule with profit/loss. In 2006, the TPMS(Total Project Management System) was completed by adding the concept of Lean Construction and JIT(Just In Time) to the Project Management System. This was done with the purpose of reducing waste and creating optimal work processes. This has been implemented on all sites and has enabled drastic increase of productivity. The portal provides customized information to the client, inspector and subcontractor personnel. Since various parties are receiving information that suits their requirements and is easy to use, usage has increased and since they are on the same platform, quick decisions and information sharing is possible. The purpose of the PMIS's success model in construction projects, this paper tests and proves the TPMS's efficiency and productivity to Dongnam Distribution Complex project.

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Study on the effect of the physical environment of the Gangwon region art museum on the level of satisfaction of the visit (강원지역미술관 물리적환경이 방문만족도에 미치는영향 연구)

  • Kim, Do-Yeon;Lee, Kyeong-Ryul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.1
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    • pp.654-663
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    • 2016
  • Local art museums are being operated as non-profit organizations for the advancement of the collection, preservation, research, exhibition and education on art-related materials. The art museum is based on the physical environment of the means created by the human will. This study examined the visit satisfaction of the physical environment of the Gangwon Regional art museum. For the measurement, the Art Museum physical environment, kimhonghee (2012), was used as the elements, and Parasurama based on the SERVQUAL model was analyzed. The SPSS 18.0K statistics program was used to analyze the results, and the analysis of the elements of the physical environment of the art museums resulted in the surrounding factors, viewing factors, human factors, and facility factors. Regarding the level of satisfaction of the visitors, there was a difference in the level of satisfaction of the elements of the physical environment for each of the factors according to the gender, and it was confirmed that they generally have a positive (+) effect. The Gangwon Regional Art Museum is building a better physical environment to look forward and continue to communicate with the visitors.

A theoretical study on Determinants of National Competitive Advantage (산업의 국제경쟁력 결정요인에 관한 이론적 관찰)

  • 이학헌;민성규
    • Journal of the Korean Institute of Navigation
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    • v.19 no.1
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    • pp.49-69
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    • 1995
  • What is the national competitive power\ulcorner What are the determinants of national competitive advantage\ulcorner In order to find these problems, this study was initiated theoretically through the international trade theory and international managerial strategic theory. The flow of studies, in connection with these competitive advantage, come into industries competitive advantage from national competitive advantage. It is understood that the flow of studies is based on the change of paradigm about the international industry environment. Today, the international industry environment has been changed into vigorous situation with the new trade system such as globalization, UR negotiation, WTO system instead of GATT. Among these environments, all enterprises in any industries should try to enhance their benefit, income profits and develop their management strategy, because it is essential for them to keep and make a profit in order to be competitive against all other rivaling enterprises. According to researchers and the ages of history, the concept and determinants of competitive advantage have been dissimiliar as followings. 1) Theory of absolute advantage : Absolute Product Cost. 2) Theory of comparative advantage : Comparative Product Cost. 3) Theory of reciprocal demand : the Reciprocal Demand Structure. 4) Theory of Hechsher-Ohlin : Factor Endowment. 5) Paradox of Leontief : the Quality of Factor Endowment. 6) Theory of technological gap : R & D. 7) Technological gap model : The Technological Gap. 8) Theory of the product life cycle : Product Life Cycle. 9) Christensen's study : Firm's character & manager's character. 10) Monopolistic Advantage Theories : Monopolistic Advantage 11) Electic theory : Ownership, location and internalization specific advantages. 12) Theory of value chain : Cost advantage, Differentiation, Focus. However all these theories have the limit of illustration regarding today's competitive situation, the Porter's theory shows well the determinants of competitive advantage with competitive strategy. Therefore, the analysis of the competitive advantage for maritime industry should be studied by the determinants of competitive advantage of nations

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An Ecological Reflection on the Food Self-Sufficiency Debate of the Antebellum American South (남북전쟁 이전 미국 남부지방 식량자급 논쟁의 환경사적 검토)

  • Keumsoo Hong
    • Journal of the Korean Geographical Society
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    • v.39 no.2
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    • pp.171-194
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    • 2004
  • The antebellum American South has been characterized by the lingering backward images of plantation, slaves and cotton. The South specializing in the cotton cultivation is compared with the manufacturing East and the breadbasket Midwest. Douglass North who examined the interregional trade assumed that the South up until 1860 relied on the Midwest for the foodstuffs. Statistical and literary evidence, however, disputes the North's model, showing instead that the southern region attained self-sufficiency in foodstuffs at least in the late 1830s or early 1840s. The South's food self-sufficiency is attributable, to a greater extent, to the region-wide environmental movement of scientific agriculture launched to address the aggravating soil problems from cotton monoculture. Diversification and crop rotation lied in the center of the new regime. The new agricultural system combining com, cotton and cowpea ensured the procurement of hoecake, hog meat, and cotton. The most significant outcome of the good farming regime, however, was the enhanced environmental consciousness which came to prevail the best farmer's reckless rush for profit maximization.

Optimization of Planning-Level Locomotive Scheduling at KNR and Development of Its Implementation Prototype Program (한국철도에서의 계획단계 동력차 스케줄링 최적화 및 전문가 지원시스템의 프로토타입 프로그램 개발에 관한 연구)

  • 문대섭;김동오
    • Proceedings of the KSR Conference
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    • 1999.11a
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    • pp.46-53
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    • 1999
  • As of July 1999, i,185 lomocotives(excluding metropolitan area electric locomotives) are in Korean National Railroad(KNR). With this limited number of resources assigning locomotives to each trains of timetable is very important in the entire railway management point of view because schedule can be regarded as goods in transportation industry. On a simple rail network, it is rather easier to assign proper locomotives to trains with the experience of operating experts and get optimal assignment solution. However, as the network is getting bigger and complicated, the number of trains and corresponding locomotives will be dramatically increased to rover all the demands required to service all of the trains in timetable. There will be also numerous operational constraints to be considered. Assigning proper locomotives to trains and building optimal cyclic rotations of locomotive routings will result in increasing efficiency of schedule and giving a guarantee of more profit. The purpose of this study is two fold: (1) we consider a planning-level locomotive scheduling problem with the objective of minimizing the wasting cost under various practical constraints and (2) development of implementation prototype program of its assigning result. Not like other countries, i.e. Canada, Sweden, Korean railroad operates on n daily schedule basis. The objective is to find optimal assignment of locomotives of different types to each trains, which minimize the wasting cost. This problem is defined on a planning stage and therefore, does not consider operational constraints such as maintenance and emergency cases. Due to the large scale of the problem size and complexity, we approach with heuristic methods and column generation to find optimal solution. The locomotive scheduling prototype consists of several modules including database, optimization engine and diagram generator. The optimization engine solves MIP model and provides an optimal locomotive schedule using specified optimization algorithms. A cyclic locomotive route diagram can be generated using this optimal schedule through the diagram generator.

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A Study on Dynamic Glide Path of Target Date Fund Reflecting Market Expectations (시장기대를 반영한 타겟 데이트 펀드의 동적 글라이드패스에 관한 연구)

  • Moon, Myung-Deok;Kim, Sun Woong;Choi, Heung Sik
    • Knowledge Management Research
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    • v.22 no.3
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    • pp.17-29
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    • 2021
  • The purpose of this study is to analyze investment performance by applying dynamic methodologies that reflect market expectations rather than traditional static methodologies in applying the glide path of target date fund. In calculating market expectations, the number of distributed shares in the ETF market was used, and the dynamic glide path model portfolio considering market expectations in the analysis period from late 2011 to October 2020 could show better results than the existing static glide path. According to the analysis, increasing the portion of risky assets at a time when the number of shares in the ETF's distribution increases, and in the opposite case, reducing the portion of risky assets is advantageous for profit. The results of this study are expected to provide useful theoretical and practical implications for researchers and asset management workers who are interested in knowledge management from a broad perspective beyond the boundary of pension asset management to the public fund market and ETF market.

A Study on the Analysis of Management Efficiency of Start-up Investment Companies (창업투자회사의 경영 효율성 분석에 관한 연구)

  • Lee, Jun-Hyung;Yoon, Jun-Sang
    • Journal of Digital Convergence
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    • v.19 no.5
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    • pp.353-363
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    • 2021
  • This study analyzed to provide information for business improvement by analyzing the management efficiency of start-up investment companies so that startup investment companies can operate efficiently and by presenting information on inefficient factors. From 2014 to 2018, 83 start-up investment companies were analyzed using the DEA model. Input variables were he number of employees, capital, and output variables were selected for start-up investment assets, operating income, and net profit. As a result of the analysis, technical efficiency and pure technical efficiency showed a pattern with an increase in average, but scale efficiency repeatedly increased and decreased. It is believed that the decline in technology efficiency was due to the decrease in pure technology efficiency, and the inefficiency of start-up investment companies seems to have influenced the inefficiency of start-up investment companies rather than the inefficiency of scale. In addition, the size revenue shows that the DRS value is gradually decreasing, and the IRS value is generally increasing. It is believed that efficiency can be improved if operational inefficiency is improved based on the results and efficiency measures are established through scale expansion.

A Scoping Review of Components of Physician-induced Demand for Designing a Conceptual Framework

  • Mohammadshahi, Marita;Yazdani, Shahrooz;Olyaeemanesh, Alireza;Sari, Ali Akbari;Yaseri, Mehdi;Sefiddashti, Sara Emamgholipour
    • Journal of Preventive Medicine and Public Health
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    • v.52 no.2
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    • pp.72-81
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    • 2019
  • Objectives: The current study presents a new conceptual framework for physician-induced demand that comprises several influential components and their interactions. Methods: This framework was developed on the basis of the conceptual model proposed by Labelle. To identify the components that influenced induced demand and their interactions, a scoping review was conducted (from January 1980 to January 2017). Additionally, an expert panel was formed to formulate and expand the framework. Results: The developed framework comprises 2 main sets of components. First, the supply side includes 9 components: physicians' incentive for pecuniary profit or meeting their target income, physicians' current income, the physician/population ratio, service price (tariff), payment method, consultation time, type of employment of physicians, observable characteristics of the physician, and type and size of the hospital. Second, the demand side includes 3 components: patients' observable characteristics, patients' non-clinical characteristics, and insurance coverage. Conclusions: A conceptual framework that can clearly describe interactions between the components that influence induced demand is a critical step in providing a scientific basis for understanding physicians' behavior, particularly in the field of health economics.