• Title/Summary/Keyword: Return To Scale

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Decomposition and Super-efficiency in the Korean Life Insurance Industry Employing DEA

  • Lee, Hyung-Suk;Kim, Ki-Seog
    • International Journal of Contents
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    • 제4권3호
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    • pp.1-9
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    • 2008
  • The Korean life insurance industry has undergone profound changes, such as the beginning of the variable insurance in July 2001 and the bancassurance enforcement in August 2003. However, little empirical research has analyzed data that includes the bancassurance of life insurance companies operating in Korea. In response to this lack of research, this paper applies DEA (data envelopment analysis) models to measure and decompose their efficiency. We discovered that life insurance companies operating in Korea are a little different in their composition ratio of inputs and outputs, due to the increased variety of distribution channels and new products. We provided efficiency scores, return to scale, and reference frequencies. We also decomposed CCR, BCC, and SBM efficiency into scale efficiency and MIX efficiency. So, we try to investigate whether the sources of inefficiency were caused by the inefficient operation of DMU, disadvantageous conditions, the difference of the composition ratio in inputs and outputs with reference sets, or any combination of the above. Most companies in the sample display had either constant or decreasing returns to scale. The efficiency rankings were less consistent among models and efficient DMUs. In response to this problem, we used the super-efficiency model to rank them and then compared the rankings of the DMUs among the various models. It was also concluded that the availability of panel data, rather than cross-sectional data, would greatly improve the validity of the efficiency estimates.

총인슬러지의 1차 침전지 반송에 따른 하수처리장 고형물 제거특성 연구 (Evaluation of Solids Removal Characteristics on Sewage Treatment Plants Using T-P sludge Return into the Primary Settling Tank)

  • 김종오;정동기;권혜정;황준석
    • 한국수처리학회지
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    • 제26권6호
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    • pp.73-80
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    • 2018
  • In this study, the solids removal characteristics using T-P sludge generated from PACl coagulation were analyzed by laboratory scale and full scale experiment. As the amounts of T-P sludge injection into the raw sewage influent increased at the rate of 0, 1, 2, 3, 4 %, the suspended solids concentrations after 20 minutes setting test decreased to 210, 137, 91, 64, 43 mg/L, respectively. The filtration time required for dewatering test of the raw sewage influent decreased to 982, 728, 658, 581, 492 sec for 0, 1, 2, 3, 4% of T-P sludge injection, respectively. As the amounts of PACl coagulant into the effluent from final setting tank increased at 0, 10, 20, 30, 40 mg/L, the required filtration times for T-P sludge increased into 12.3, 41.7, 53.7, 67.2, 79.5 sec and the dewaterability of T-P sludge decreased. After T-P sludge returned into the primary settling tank on J-si sewage treatment plants, the effluent concentrations of COD, SS, T-N and T-P from primary settling tank into bioreactor decreased by 35.9, 27.9, 22.2, and 52.6% due to the coagulation effects of the T-P sludge. Finally, it was found that the return of T-P sludge into the primary settling tank could result into the sludge reduction having a lower water content of 3.03% p than in case of the only T-P sludge dehydration.

V-벨트 무단변속기(無斷變速機)를 이용(利用)한 자탈형(自脫型) 콤바인의 주행속도(走行速度) 제어(制御)(I) (A Forward Speed Control of Head-feed Combine Using Continuously Variable V-belt Transmission -Combine Load Characteristics-)

  • 최규홍;유관희;조영길;박판규
    • Journal of Biosystems Engineering
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    • 제16권2호
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    • pp.124-132
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    • 1991
  • This study was carried out to obtain the information needed in the development of forward speed control system and the improvement of combine performance. The effects of variety, grain moisture content and forward speed on the combine load characteristics were investigated through experiments. The results of this study are summarized as follows. 1. A data acquisition system was developed to measure the engine speed and the torques and speeds of the threshing cylinder, dean-grain auger and tailings-return auger. The system consisted of transducers, signal conditioner, interface board and microcomputer. The system accuracy is better than ${\pm}2.3%$ full scale. 2. Linear regression equations were obtained for the torque, speed and power requirement of threshing cylinder for different paddy varieties, grain moisture contents and feed rates. 3. The maximum value of relative frequency for threshing cylinder torque decreased as the increase in feed rate and moisture content. The range of torque fluctuation was 1.2~3.7 and 1.2~1.9 times the average and maximum torque, respectively. The maximum value of power spectrum density (PSD) appeared to be about 11 Hz regardless of paddy variety, grain moisture content and feed rate. 4. The speed of tailings return thrower decreased rapidly at below 900rpm, and it fell to near zero about 3 seconds after that time. When the travelling of combine harvester was stopped immediately after sensing the overload, it took about 7 seconds for a full recovery of the no-load speed of tailings return thrower.

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반도체 클린룸용 외기공조시스템의 수분무 가습을 이용한 에너지절감에 관한 연구 (A Study on Energy Reduction in an Outdoor Air Conditioning System for Semiconductor Manufacturing Cleanrooms Using Water Spray Humidification)

  • 송원일;김기철;유경훈;신대건;태경응;김용식;박덕준
    • 한국입자에어로졸학회지
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    • 제13권2호
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    • pp.65-77
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    • 2017
  • In recent large-scale semiconductor manufacturing cleanrooms, the energy consumption in outdoor air conditioning (OAC) systems to heat, humidify, cool and dehumidify outdoor air(OA) represents about 40~50 % of the total cleanroom power consumption required to maintain cleanroom environment. Therefore, the assessment of energy consumption in outdoor air conditioning systems is essential for reducing the outdoor air conditioning load for a cleanroom. In the present study, an experiment with an outdoor air flow rate of $1,000m^3/h$ was conducted to compare the energy consumption in steam humidification, simple air washer, exhaust air heat recovery type air washer and dry cooling coil(DCC) return water heat recovery type air washer OAC systems. Besides, a numerical analysis was carried out to evaluate the annual energy consumption of the aforementioned four OAC systems. It was shown that the simple air washer, exhaust air heat recovery type air washer and DCC return water heat recovery type air washer OAC systems using water spray humidification were more energy-efficient than the steam humidification OAC system. Furthermore the DCC return water heat recovery type air washer OAC system was the most energy-efficient.

DEA/초효율법을 이용한 항만노무 효율성 분석 (An Analysis of Technical Efficiency of Port Labor Using DEA/Super Efficiency)

  • 장운재
    • 해양환경안전학회지
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    • 제23권2호
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    • pp.161-167
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    • 2017
  • 본 연구는 3개의 투입변수와 3개의 산출변수로 구성된 DEA법을 이용하여 우리나라 항만의 노무효율성을 측정 평가하였다. 대상항만의 전체 기술적 효율성은 평균 94.18% 수준이었으며, 순수 기술적 효율성은 100%로 나타났고 규모의 효율성은 94.18%로 전체 기술적 비효율성이 가장 높게 나타났다. 분석결과 7개의 항만은 효율적인 항만으로 측정되었고 4개의 항만은 비효율적 항만으로 측정되었다. 4개의 비효율적 항만중 규모에 대한 수익체증은 동해항으로 나타났다. 그러나 비효율적인 항만들은 생산규모의 비효율성보다 자원운영의 비효율성이 높은 것으로 나타났다. 한편 초효율법을 이용하여 효율적인 항만의 우선순위를 분석한 결과 인천항, 목포항, 평택당진항, 마산항, 여수광양항, 제주항, 군산대산항 순으로 효율성이 높은 것으로 나타났다. 특히 비효율적인 부산항은 목포항 및 인천항을 벤치마킹하여 항만 물동량의 증대, 장비의 현대화 및 노무효율성의 향상을 위해 전면적인 노무상용화가 필요하다.

대기경계층과 연안순환에 의한 부유입자의 재순환 (Recycling of Suspended Particulates by Atmospheric Boundary Depth and Coastal Circulation)

  • 최효
    • 한국환경과학회지
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    • 제13권8호
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    • pp.721-731
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    • 2004
  • The dispersion of suspended particulates in the coastal complex terrain of mountain-inland basin (city)-sea, considering their recycling was investigated using three-dimensional non-hydrostatic numerical model and lagrangian particle model (or random walk model). Convective boundary layer under synoptic scale westerly wind is developed with a thickness of about I km over the ground in the west of the mountain, while a thickness of thermal internal boundary layer (TIBL) is only confined to less than 200m along the eastern slope of the mountain, below an easterly sea breeze circulation. At the mid of the eastern slop of the mountain, westerly wind confronts easterly sea breeze, which goes to the height of 1700 m above sea level and is finally eastward return flow toward the sea. At this time, particulates floated from the ground surface of the city to the top of TIBL go along the eastern slope of the mountain in the passage of sea breeze, being away the TIBL and reach near the top of the mountain. Then those particulates disperse eastward below the height of sea-breeze circulation and widely spread out over the coastal sea. Total suspended particulate concentration near the ground surface of the city is very low. On the other hand, nighttime radiative cooling produces a shallow nocturnal surface inversion layer (NSIL) of 200 m thickness over the inland surface, but relatively thin thickness less than 100m is found near the mountain surface. As synoptic scale westerly wind should be intensified under the association of mountain wind along the eastern slope of mountain to inland plain and further combine with land-breeze from inland plain toward sea, resulting in strong wind as internal gravity waves with a hydraulic jump motion bounding up to about 1km upper level in the atmosphere in the west of the city and becoming a eastward return flow. Simultaneously, wind near the eastern coastal side of the city was moderate. Since the downward strong wind penetrated into the city, the particulate matters floated near the top of the mountain in the day also moved down along the eastern slope of the mountain, reaching the. downtown and merging in the ground surface inside the NSIL with a maximum ground level concentration of total suspended particulates (TSP) at 0300 LST. Some of them were bounded up from the ground surface to the 1km upper level and the others were forward to the coastal sea surface, showing their dispersions from the coastal NSIL toward the propagation area of internal gravity waves. On the next day at 0600 LST and 0900 LST, the dispersed particulates into the coastal sea could return to the coastal inland area under the influence of sea breeze and the recycled particulates combine with emitted ones from the ground surface, resulting in relatively high TSP concentration. Later, they float again up to the thermal internal boundary layer, following sea breeze circulation.

파이롯트 규모의 BNR 공법에 의한 도시하수의 질소 및 인 제거 (Removal of Nitrogen and Phosphorus from Municipal Wastewater by a Pilot-scale BNR Process)

  • 김영철
    • 상하수도학회지
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    • 제21권5호
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    • pp.589-599
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    • 2007
  • This study was conducted to investigated the removal efficiency of BOD and nutrient for the treatment of low strength municipal wastewater by a biological nutrient removal system. In this experiment, the effect of operating parameter including HRT of 7.0hr, BOD/TN ratios of 2.62~4.08, internal recycle of 50~300%, and return sludge of 50~100%, were studied during winter season. Efficiencies of organic matter and T-P removal and denitrification were not significantly affected by the change of temperature in winter season. However, the specific nitrification rate and nitrification efficiency decreased at low temperature. Besides, denitrification efficiencies increased with increasing BOD/TN ratios. It was also found that the internal recycle and return sludge ratio below 50% is required for the effective denitrification of low strength municipal wastewater. With operating mode 4 of the optimum, the effluent BOD, T-N and T-P concentration were obtained to average 5.8, 14.6, and 0.84 mg/L, respectively. The temperature-activity coefficient (${\theta}$) of specific nitrification rate, specific denitrification rate and specific phosphorus uptake rate were obtained 1.044, 1.017, 1.028, respectively.

Investment strategy using AESG rating: Focusing on a Korean Market

  • KIM, Eunchong;JEONG, Hanwook
    • 산경연구논집
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    • 제13권1호
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    • pp.23-32
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    • 2022
  • Purpose: This study used ESG grade, but defined AESG, adjusted to the size of a company and examines whether it can be used as an investment strategy. Research design, data and methodology: The analysis sample in this study is a company that has given an ESG rating among companies listed on the Korea Stock Exchange. We examine the results through portfolio analysis and Fama-macbeth regression analysis. Results: As result of examining the long-only performance and the long-short performance by constructing quintile portfolios, it was observed that a significant positive return was shown. It was observed that there was an alpha that could not be explained in asset pricing models. Also, AESG had a return prediction effect in the result of a Fama-Macbeth regression that controlled corporate characteristic variables in individual stocks. Next, we confirmed AESG's usage through various portfolio composition. In the portfolio optimization, the Risk Efficient method was the most superior in terms of sharpe ratio and the construct multi-factor model with Value, Momentum and Low Vol showed statistically significant performance improvement. Conclusions: The results of this study suggest that it can be helpful in ESG investment to reflect the ESG rating of relatively small companies more through the scale adjustment of the ESG rating (i.e.AESG).

도체귀로형 ±500 kV Double Bipole 송전선로 공기절연에 관한 연구 (Study on the Air Insulation Design Guideline for ±500 kV Double Bipole Transmission Line with Metallic Return Conductor)

  • 신구용;권구민;송성환;우정욱
    • KEPCO Journal on Electric Power and Energy
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    • 제5권3호
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    • pp.141-147
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    • 2019
  • 최근 전력산업에 가장 커다란 이슈는 신재생에너지의 증가이며 이에 따라 전력계통의 수용성을 확보하기 위한 다양한 기술개발이 추진되고 있다. 또한 세계적으로 보다 융통성 있는 친환경 에너지의 활용을 위하여 국가 및 지역간 전력계통을 연계하는 슈퍼그리드의 구성이 추진되고 있다. 이러한 성격이 서로 다른 계통 간에 연계를 위하여 반드시 요구되는 기술이 초고압 직류송전기술이다. 지금까지 국내에서는 육지와 제주도를 해저케이블로 연결하는 HVDC 송전기술이 적용되었으나 동해안의 발전단지에서 수도권의 부하밀집 지역으로 장거리 대용량 전력전송을 위한 직류가공송전 방식의 기술개발이 추진되고 있다. 인구밀도가 높고 산악이 많은 국내 환경을 고려해 최소한의 경과를 활용하여 8 GW 급의 대용량 전력을 전송하기 위해 도체귀로방식의 ${\pm}500kV$ Double Bipole 송전선로 설계기술을 개발하고 이를 적용하기 위한 사업화를 추진하고 있다. 본 논문에서는 세계 최초로 적용 예정인 도체귀로방식의 Double Bipole 송전선로의 설계를 위한 절연특성에 관한 연구를 수행하고 송전선로에 발생하는 다양한 과전압현상에 견디는 공기절연특성을 실증시험을 통하여 검증하고 이를 서술하였다.

지역적 맥락이 기업가 지향성에 미치는 영향 (A Study on the Effects of Regional Context on Entrepreneurial Orientation)

  • 김선우;김문선
    • 품질경영학회지
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    • 제47권4호
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    • pp.847-859
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    • 2019
  • Purpose: The companies must be located in the area, scale up, create jobs, and return to the local economy. This paper attempted to analyze empirically the relationship between regional context and entrepreneurial orientation(EO) in the region of Korea. Methods: This paper analyzed survey data and regional statistics. We measured EO by region and then examined which regional context affect EO. Regional contexts were measured by population, economic size, budget size, firm size, innovation capacity, and education level. EO was measured by innovativeness, risk taking, proactiveness, autonomy, competitive aggressiveness, and need for achievement. Results: EO was high in the region where the budget size per thousand population, the number of manufacturers per thousand population, the number of new corporations per thousand population, the number of R&D personnel per thousand population, and the number of students of higher education institutions per thousand population were high. Conclusion: The implications of this paper are that regional context affect EO, and there are differences in budget scale, firm size, innovation capacity, and education level. In regions with many investment resources for innovation and startups and manufacturers, the number of R&D personnel and students of higher education institutions (future R&D personnel), in particular, determines EO.