• Title/Summary/Keyword: Scale Efficiency Change

Search Result 255, Processing Time 0.029 seconds

Total Factor Productivity Growth and the Decomposition Components of Korean Port-Logistics Industry (항만물류산업의 총요소생산성과 그 분해요인분석)

  • Gang, Sang-Mok;Lee, Ju-Byeong
    • Journal of Korea Port Economic Association
    • /
    • v.24 no.4
    • /
    • pp.47-70
    • /
    • 2008
  • The purpose of this study is to estimate total factor productivity(TFP) growth by stochastic frontier function and to grasp contributing factors of its growth rate by decomposing the total factor productivity into efficiency change, technical progress, scale change, and allocation change. Annual growth rate of total factor productivity for 1990-2003 is 0.019 (1.9%), higher than that of overall industry (0.010). The main component of TFP growth is not efficiency change but technical progress. Contributing factors of total factor productivity growth are change of allocation efficiency in port industry, technical progress in sea-transportation industry, and change of scale efficiency in transportation-equipment industry. The change of total factor productivity shows a decreasing trend since late in the 1990s. The annual technical efficiency of port-logistics industry is less than that of overall industry. Capital elasticity for output (0.391) is higher than labor elasticity (0.227), but scale economy of port-logistics industry is 0.618, which is far from optimal scale economy.

  • PDF

Measuring Efficiency and Productivity Change of the Korean Life Insurance Industry (우리나라 생명보험 산업의 효율성 및 생산성변화 분석)

  • Hong, Bong-Young
    • The Korean Journal of Financial Management
    • /
    • v.20 no.2
    • /
    • pp.263-291
    • /
    • 2003
  • The purpose of this paper is to analyse the change in the productivity of Korean life insurance industry by Generalized Malmquist productivity indices. Generalized Malmquist indices will be decomposed into three components such as pure efficiency change, scale efficiency change, and technical change. The principal findings indicate an overall increase in productivity driven more by technical progress than pure technical efficiency and scale efficiency.

  • PDF

A Study on Sustainable Development Efficiency of Foreign Trade in Western China Based on DEA Model

  • Xu, Yan;Sim, Jae-yeon
    • International journal of advanced smart convergence
    • /
    • v.11 no.2
    • /
    • pp.171-184
    • /
    • 2022
  • The purpose of this paper is output oriented, in order to maximize the output level of sustainable development efficiency of foreign trade in western China with limited input. This paper adopts the relevant input-output indicators of sustainable foreign trade development of 11 provinces and cities in western China from 2016 to 2020, and uses DEA model to measure their technical efficiency, pure technical efficiency and scale efficiency. Malmquist index was used to calculate the total factor productivity change index of each province in western China from 2016 to 2020. We found that, on the whole, the average values of technical efficiency, pure technical efficiency and scale efficiency of provinces and cities in western China from 2016 to 2020 are greater than 0.8, indicating that the western region has high technical efficiency, relatively high management and institutional level and high existing scale level. Scale efficiency is lower than pure technical efficiency on the whole, indicating that the current sustainable development efficiency of foreign trade in western China is mainly limited by its scale level. The technological progress index is higher than the technological efficiency change index, indicating that the total factor productivity of the sustainable development of foreign trade in western China is mainly driven by technological progress and more influenced by external factors. We think the conclusion of this study can provide important reference information for the sustainable development of foreign trade of provinces and cities in western China.

Evaluating Production Efficiency in a Fisheries Wholesale Sector (수산물 도매업의 생산 효율성 평가에 관한 연구)

  • Pyo, Hee-Dang;Kim, Jong-Chean
    • The Journal of Fisheries Business Administration
    • /
    • v.41 no.3
    • /
    • pp.21-44
    • /
    • 2010
  • The paper estimates changes in total factor productivity and technical efficiency change index and technical change index using Malmquist productivity index(MPI) in fisheries wholesale products over the time period of 2006 through 2008. The model considers a number of employees and operating costs as input factors, and sales and EBIT(earnings before tax and interest) as output factors. The results indicate that, between 2006 and 2007, there is in general technical progress in which TCI(Technical Change Index) indicates 2.7994 in the sale scale of 50 million won through 100 million won, while there are no efficiency in TECI(Technical Efficiency Change Index), PECI(Pure Efficiency Change Index) and SECI(Scale Efficiency Change Index) which are estimated to be around 1. Between 2007 and 2008 technical efficiency and technical progress are generally declined, compared to those of 2006 and 2007. Wilcoxon's rank-sum test shows that there are statistically significant difference of TCI and MPI between two periods at the level of 5%, while there are statistically significant difference of TECI, PECI and SECI between two periods at the level of 5%.

A Trend Analysis on Scale Efficiency of the Port of Gwangyang: 1994-2004 (광양항의 규모효율성 추세분석: 1994-2004)

  • Park, Ro-Kyung
    • Journal of Korea Port Economic Association
    • /
    • v.22 no.3
    • /
    • pp.59-78
    • /
    • 2006
  • The purpose of this paper is to analyze the trend on scale efficiency of the Port of Gwangyang from 1994 to 2004 using CCR, BCC, and Malmquist index approaches. The main results are as follows. first, scale efficiency shows a 50% similar [5(94/95, 95/96, 97/98, 2001/2002, 2003/2004) out of 10] pattern to technical efficiency change. Second, total factor productivity increased at 48.57% rate of growth on average in 6 out of 10 periods except 96/97, 97/98, 99/2000, and 2000/2001. 2003/2004 period is the one period experiencing rapid total factor productivity changes, mainly due to technical progress. Third, the ranking order of accumulative indices is scale efficiency change, TFP change, efficiency change, technical change, and pure efficiency change. The main policy implication of this paper is that according to the CCR, BCC, and Malmquist results, the Port of Gwangyang should develop the plan for enhancing the 5 Malmquist indices with following the management way of benchmarking ports.

  • PDF

An Analysis on College Students′ Clothing Disposal Determinants (대학생들의 의복 처분 결정요인에 대한 분석)

  • 홍연숙
    • The Research Journal of the Costume Culture
    • /
    • v.6 no.2
    • /
    • pp.92-108
    • /
    • 1998
  • The purpose of this study was designed a) to examine the relative importance for college students' clothing disposal causes and their factor structure: b) to test the effects of gender, clothing satisfaction and family income on clothing disposal determinants; and c) to assess the relationship between clothing purchase determinants and overall clothing satisfaction and clothing disposal determinants. Data (n=660) were collected from college students in Cheju Do. The survey questionnaire composed of a revised Clothing Disposal Determinants Scale, Clothing Purchase Determinants Scale and background variables. First, the most important reasons for clothing disposal were to unfit with body change, get washed our and raise nap on clothe, wornout with long-term use, do not ware for new purchasing clothe, uneasy on wear. Second, factor analysis of the revised Clothing Disposal Determinants Scale revealed five factors; unfitness, fashion change, quality dissatisfaction, product efficiency decrement, and maintenance/inconvenience. Third, female students perceived significantly higher in fashion change and unfitness than male students. Forth, unfitness and product efficiency decrement were significantly discriminated between between clothing satisfaction groups, unfitness and fashion change variables were significantly discriminated between family income groups. fifth, impulsive purchase factor was the best predictor of composite clothing disposal measure, followed by individuality, clothing satisfaction, practicality. The best predictors of each disposal factors were individuality oriented purchasing criterion in unfitness factor. Fashion in fashion change, impulsive purchase in quality dissatisfaction and product efficiency decrement factors, and practicality in maintenance/inconvenience factor. As a whole, the most consistent predictor of clothing disposal determinants was impulsive purchase factor.

  • PDF

Analysis on RTS and the Change of Productivity Efficiency of Public General Hospitals in Vietnam using Parametric and Non-Parametric Approach (모수적․비모수적 기법을 활용한 베트남 공공종합병원의 규모수익과 생산효율성 변화 분석)

  • Yang, Dong-Hyun
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.15 no.2
    • /
    • pp.767-776
    • /
    • 2014
  • This study estimated productivity change and RTS using Parametric and Non-Parametric approach with 5 year annual data from 2006 to 2010 of 20 public general hospitals in Vietnam collected from Ho Chi Min City Health Department of Health Database. The results could be summarized as follows; First, by the Non-Parametric approach. cumulated productivity growth of 5 years was increased by 2.8% due to regress 5.2% of technical efficiency, 0.3% of pure technical efficiency, but scale efficiency was decreased 5.1% Second, by the Non-Parametric approach, cumulated productivity growth was decreased by 12.8% to due to drop of 17.1% of technical change, 9.1% of scale efficiency. In conclusion, the common result of both approaches was that scale inefficiencies occurs in public hospitals in Vietnam, and they affected productivity change of public hospitals in Vietnam. Namely, 70% to 80% of the analyzed Vietnam public hospitals were at the status of DRS(decreased returns to scale), which suggested that they had oversupply beds relative to the number of occupied patients, it was meaningful that this study was the first study in Korea to measure efficiency and productivity change of Vietnamese public general hospitals and so it could be utilized as the basic information needed to enter hospital industry of Vietnam in the future.

An Analysis of Economic Efficiency of Fruits Farms: the Case of Apples, Pears, and Grapes Farms (과수 재배농가의 경영효율성 분석: 사과·배·포도를 중심으로)

  • Lee, ChoonSoo;Yun, Sung-Ju;Kim, GunA;Yang, Seung-Ryong
    • Korean Journal of Organic Agriculture
    • /
    • v.23 no.4
    • /
    • pp.615-641
    • /
    • 2015
  • This study analyzes an economic efficiencies of apples, pears, and grapes farming. We evaluate an annual economic overall efficiency (OE), allocative efficiency (AE), technology efficiency (TE), pure technology efficiency (PTE), and scale efficiency (SE) using data envelopment analysis (DEA). We also measure returns to scale of farms, and the change of technical efficiency of frontier farms. Lastly we estimate the effects of some explanatory variables on allocative, pure technical, and scale efficiencies.

A Study on Information Strategy Development Using Configuration Management in Large-scale Construction Project (형상관리기법을 활용한 대형 프로젝트 정보화 전략개발)

  • Won, Seo Kyung
    • Proceedings of the Korean Institute of Building Construction Conference
    • /
    • 2018.05a
    • /
    • pp.66-67
    • /
    • 2018
  • Large-scale construction projects require various license and technologies for the manufacturing and handling processes. Also, the whole life cycle business process management determines the success of the project. Then, the efficiency of the business conducted by stakeholders and their possessed technology should be enhanced in order to strengthen their competitive power. For this reason, many experts pointed out to focus on the improvement of the life cycle process and efficient management. Since it is very important to keep up-to-date data and utilize it for work during the long-term project to reflect changes in the large-scale project, the most important part of the project management in project is information change management. Therefore, the objective of this study is applying configuration management(CM) technique in order to managing change data generated for planning in early phase. The result of this research will certainly assist the large-scale project managers in the development of information change management system.

  • PDF

Analysis on Productivity Change in Korean Shipbuilding Industry using Malmquist Productivity Index (Malmquist 생산성 지수(MPI)를 이용한 한국 조선 산업의 생산성 변화)

  • Park, Seok-Ho
    • Journal of Korea Port Economic Association
    • /
    • v.34 no.1
    • /
    • pp.51-64
    • /
    • 2018
  • The purpose of this paper is to analyze the productivity change of the Korean shipbuilding industry between 2001-2008 and 2008-2015 by using MPI(Malmquist Productivity Index) to decompose the sources of total factor productivity growth into technical efficiency change, scale efficiency change, pure efficiency change, technical change. The empirical results are as follows. In the first half of the year (2001-2008), productivity increased by 2.8%, which was due to technological advances rather than technical efficiency. In the second half (2008-2015), productivity change declined by -3.4%. This is attributable to the technical efficiency deterioration and technological degeneration caused by a decrease in shipbuilding orders due to the global economic downturn after the global financial crisis and the rise of Chinese shipbuilding industry. In the first half of the period, productivity change was higher than in the second half. Especially, the difference between the two periods is attributed to the technical change and it was proved by statistical verification. The policy implications of this paper suggest that the government and each DMU need to develop new technologies to cope with changes in the global shipbuilding industry environment and strategies to eliminate inefficiencies in order to increase productivity in the future.