• Journal of Distribution Science
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• v.15 no.11
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• pp.59-72
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• 2017

Purpose - This paper evaluated the efficiency performance of the three major maritime transport markets and examined the determinants of the performance. The firms' revenue fluctuates with the changes of the economic cycle; hence it is important for them to set up business strategies to improve efficiencies. A lack of efficiency measurements for shipping firms leads to a significant gap in determining their overall performance. Research design, data, and methodology - Each of DEA scores was adopted for the evaluation and panel regression was used to examine the impact of determinants on the performance. The analysis included 50 shipping firms from three maritime transport markets as follows; 15 firms of container liners, 18 firms of bulk carrier and 17 firms of tanker carriers, and its period was from 2010 to 2016. Results - In the CCR model, container liners were the highest, tanker carriers were the second, and bulk carriers were the lowest in operation efficiency and financial efficiency. By region, operation efficiency and financial efficiency was high in the order of America, Asia, and Europe. Conclusions - This study suggests business strategies for maritime transport companies based on the analytical results of determinants of operational and financial efficiency.

• Journal of the Korea Institute of Military Science and Technology
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• v.22 no.1
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• pp.106-123
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• 2019

Demand for performance analysis is increasing for efficient use of limited budgets such as improving investment efficiency and strategic budget allocation in accordance with the continuous increase demand of R&D budget for developing advanced weapon systems in the future battlefields. In accordance with the Act on the Performance Evaluation and Performance Management of the National R&D Projects established in March 2006, the performance analysis has been conducted for the systematic management and utilization of the R&D project performance. It was recognized as a project to achieve self-defense through strengthening the weapons system development capability, however, efficiency evaluation of Defense R&D projects was not much emphasized. Research on the efficiency analysis of defense R&D projects has been conducted in recent years, but most studies focused on corporate efficiency and productivity of defense companies. In this study, we analyzed the three-stage performance of defence R&D projects based on the logical model using the data envelope analysis(DEA) model. We also analyzed performance analysis from various perspectives through R&D type, technology classification and performance model. This study is expected to help defense department improve defense R&D projects and make decision.

• Transactions of the Korean hydrogen and new energy society
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• v.33 no.6
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• pp.838-844
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• 2022

In this paper, an experimental study was conducted on the energy efficiency ratio of performance for air source heat pump. The energy efficiency ratio presents the operating efficiency of heat pump performance. In order to improve reliability in the energy efficiency ratio test of air source heat pump, the measurement uncertainty of the instrument was estimated. Measurement uncertainty refers to the uncertainty of a measurement, estimates the range in which the expected value of the measurement can be within a certain confidence level, and suggests a range in which the measured representative value is incorrect. The measurement uncertainty for the energy efficiency ratio test of air source heat pump was calculated and the measured results were presented.

• Journal of the Korean Solar Energy Society
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• v.40 no.5
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• pp.1-12
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• 2020

To assess the performance and characteristics of colored building-integrated photovoltaic (BIPV) modules, a comparative assessment of empirical performance was conducted on colored BIPV modules (gray, blue, and orange) and general BIPV module. These modules were installed on the south-facing slope (30°) for comparative assessment through a field test. Monitoring data were collected every 10 min from December 20, 2019 to January 21, 2020 and used to performance and characteristics analysis. Performance ratio and module efficiency were utilized during performance indexing for comparative assessment. For general BIPV modules, the operational efficiency was analyzed at 16.63%, whereas for colored BIPV modules, 13.70% (gray), 15.12 % (blue), and 14.49% (orange) were analyzed. It was discovered that the efficiency reduction caused by transmission losses owing to the application of colored cover glasses were 17.74% (gray), 9.05% (blue), and 9.86 % (orange), under field testing conditions. These values turned on an additional 7% reduction in efficiency for gray BIPV modules, compared to the degradation resulting from transmission drop (gray: 10.87%, blue: 8.99%, and orange: 9.02%) calculated using the efficiency of each module in standard test conditions (STC). Performance ratio analysis resulted in the following values: 0.92 for general BIPV modules, and 0.85 (gray), 0.91 (blue), and 0.91 (orange) for colored BIPV modules. As demonstrated by the above results, modules with a colored cover glass may differ in their operational performance depending on their color, unlike general modules. Therefore, in addition to the performance evaluation under STC, additional factors of degradation require consideration through field test.

• Proceedings of the KSME Conference
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• 2003.11a
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• pp.402-407
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• 2003

The main reason to select the maxium plant efficiency through the performance test in fossil power plant is to increase the efficiency of power plant as well as saving energy collated with the policy of government. This study is aimed at unerstanding the variantion trend of efficiency and analyzing the efficiency of boiler and turbine through each of the performance test. Ultimately, the maxium efficiency of power plant will be presented in super-critical pressure type power plant.

• Korean Management Science Review
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• v.34 no.3
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• pp.1-14
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• 2017

This study empirically analyzes the impact of inventory management performance on the energy efficiency in Korean petrochemical companies. The concept of the distance function is used to define the energy efficiency and the estimation of the distance function is performed using the stochastic frontier analysis. The inventory turnover is selected as the variable indicating the inventory management performance of the company. The main results of this study are as follows. First, the inventory turnover has a positive impact on energy efficiency. Second, during the period over 2011~2015, while the gap in energy efficiency among the companies expanded, the average energy efficiency decreased. Third, the average energy efficiency in upstream process companies was greater than downstream process companies and the gap in energy efficiency among downstream process companies was greater than upstream process companies. Fourth, the average marginal effect of inventory turnover on energy efficiency increased gradually from 2011 to 2015. Finally, the average marginal effect of inventory turnover in downstream process companies was greater than upstream process companies, and the gap in the marginal effect of inventory turnover among downstream process companies was greater than upstream process companies. These results together imply the importance of inventory management in terms of energy efficiency.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.40 no.2
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• pp.121-128
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• 2017

This paper was to evaluate social enterprises' management efficiency with Data Envelope Analysis (DEA). The data was based on the 168 social enterprises' of annual performance reports published in 2015. The research focused on to measure both financial efficiency and social impact of the companies simultaneously. To apply DEA, the paper classified the enterprises into seven types based on types of socal impacts which each company provides before the estimation of the efficiency. The research results showed that group D, which employes disadvantaged people, provides social services and shares resources was the most efficient group and had higest net worths in Pure Technical Efficiency. In contrast, Group B, which only employs social advantage people and provides social service, was the least efficient one. The research suggests a practical and efficient framework in measuring social enterprises' management efficiency, including both the financial performance and social impacts simultaneously with their self-publishing reports. Because the Korea Social Enterprise Promotion Agency does not open business reports which social enterprises submit each year, there are basic limitations on researchers attempting to analyse with data from all social enterprises in Korea. Thus, this study dealt with only 10% of the social enterprises which self-published their performance report on the Korea Social Enterprise Promotion Agency's web site. Regardless of these limitations, this study suggested substantial methods to estimate management efficiency with the self-published reports. Because self-publishing is increasing each year, it will be the main source of information for researchers in examining and evaluating social enterprises' financial performance or social contribution. The research suggests a practical and efficient framework in measuring social enterprises' management efficiency, including both the financial performance and social impacts simultaneously with their self-publishing reports. The research results suggest not only list of efficient enterprises but also methods of improvement for less efficient enterprises.

• Communications for Statistical Applications and Methods
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• v.18 no.2
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• pp.201-211
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• 2011

In many cases, populations in the real world are composed of different subpopulations. Furthermore, in addition to the heterogeneity in the lifetimes of items, there also could be the heterogeneity in the efficiency or performance of items. In this case, the reliability measures should be defined in a different way. In this article, we consider the mixture of stochastically ordered subpopulations. Efficiency based reliability measures are defined when the performance of items in the subpopulations has different levels. Discrete and continuous mixing models are studied. The concept of the association between the lifetime and the performance of items in subpopulations is defined. It is shown that the consideration of efficiency can change the shape of the mixture failure rate dramatically especially when the lifetime and the performance of items in subpopulations are negatively associated. Furthermore, the modelling method proposed in this paper is applied to the case when the stress levels of the operating environment of items are different.

• Proceedings of the KSME Conference
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• 2008.11b
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• pp.2971-2976
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• 2008

Recently, there has been growing interest in the oxyfuel combustion cycle since it enables high-purity CO2 capture with high efficiency. However, the oxyfuel combustion cycle has some important issues regarding to its performance such as the requirement of water recirculation to decrease a turbine inlet temperature and proper combustion pressure to enhance cycle efficiency. The purpose of the present study is to analyze performance characteristics of the oxyfuel combustion cycle with different turbine inlet temperatures and combustion pressures. It is expected that the turbine inlet temperature improves cycle efficiency, on the other hand, the combustion pressure has specific value to display highest cycle efficiency.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.2
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• pp.65-73
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• 2018

The dynamic capabilities of sensing market signals, creating new opportunities and reconfiguring resources and capabilities to new opportunities in a rapidly changing economic environment determines the competitiveness of the enterprise to create added value and survival. This study conceptualized a two-stage performance measurement framework based on the casual model of resource (input)-process-performance (output). We have developed a 'Process capability index' that reflect the dynamic capabilities factors as a key intermediary product linking resource inputs and performance outputs in enterprise performance measurement. The process capability index consists of four elements : manpower (level of human resource), operation productivity, structure and risk management. The DEA (Data Envelopment Analysis) model was applied to the developed performance indicators to analyze the branch office performance of a telecom company. Process capability efficiency (stage 1) uses resource inputs to reach a certain level of process capabilities. In performance result efficiency (stage 2), the process capabilities are used to generate sales revenues and subscribers. The two-stage DEA model derives intermediate output values that optimize the individual stages simultaneously. Some branch offices in the telecom company have focused on process capability efficiency or some other branch offices focused on performance result efficiency. Positioning map using two-stage efficiency decomposition and benchmarking can help identify the sources of inefficiencies and visualize strategic directions for performance optimization. Applications of two-stage DEA in conjunction with the case study that are meaningfully used in performance measurement areas have been scarce. In particular, this paper has the contribution to present a new performance measurement model considering the organization theory, the dynamic capabilities.