• Title/Summary/Keyword: efficiency Analysis

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Analysis of Relative Job Performance Efficiency of Nurses in the Neonatal Intensive Care Unit (신생아집중치료실 간호사의 상대적 간호업무효율성 분석)

  • Kim, Hyoyeong;Lee, Hyejung;Min, Ari
    • Korea Journal of Hospital Management
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    • v.24 no.4
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    • pp.57-69
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    • 2019
  • Purpose: This study aimed to analyze the job performance efficiency of nurses in the Neonatal Intensive Care Unit (NICU) by using the Data Envelopment Analysis (DEA). Additionally, the study aimed to provide a detailed method to improve the currently inefficient way in which nurses perform their jobs by differentiating the reference group of more efficient nurses, and to compare the characteristics of the more efficient group of nurses to those of the less efficient group of nurses. Methodology: This study evaluated the relative job performance efficiency of nurses by applying DEA to 43 nurses in the NICU. The input variables for the efficiency analysis were working career (years), time spent in direct nursing care (hours), overtime (hours), and job-related training (hours); the output variables were the job performance scores of professional practice, research, leadership, and education. Data were analyzed using SPSS IBM 23.0 and Open Source DEA (OSDEA). Findings: The relative job performance efficiency of the 43 nurses was 0.933, and 20 nurses were evaluated as more efficient. In addition, the study confirmed the possibility of improving the overall job performance efficiency by improving leadership, while controlling the current input variables. Lastly, the more efficient nurses had significantly higher job performance scores for research (t=2.028, p=0.049), leadership (t=2.036, p=0.048), and education (t=2995, p=0.005) than those who were less efficient. Practical Implications: It is suggested that job performance be evaluated using DEA to improve the overall job performance efficiency of NICU nurses. The analysis results from DEA for nurses becomes evidence in support of establishing individualized goals for each nurse, thus resulting in a foundation for systematic human resource management of nurses, and ultimately contributing to increase in the job performance efficiency of nurses.

The Determinants of the Efficiency of Korean Ports - Using Panel Analysis and Heteroscedastic Tobit Model - (국내항만의 효율성 결정요소 - 패널분석과 이분산 토빗모형을 이용하여 -)

  • Mo, Su-Won
    • Journal of Korea Port Economic Association
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    • v.24 no.4
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    • pp.349-361
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    • 2008
  • There has been abundant empirical research undertaken on the technical efficiency of Korean ports. Most studies have focused on the use of parametric and non-parametric techniques to analyse overall technical efficiency. This paper utilizes data for the period 2000-07 to offer a heterogeneous perspective on the overall efficiency of Korean ports. The framework assumes that ports use one input to produce one output; the output and input include port export(import) and regional export(import). This paper also employs panel analysis and heteroscedastic Tobit model to show the effect of the explanatory variables on the port efficiencies. The panel analysis shows that the regional export/total export has negative effect on the export efficiency while the regional import/total import has not any relations with the import efficiency. The heteroskedastic Tobit model shows that both regional export ratio and regional import ratio have negative effects on the efficiency while the gross regional domestic product has not any significant relations with the import efficiency.

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Efficiency Rating by Types of Public Institutions and Identification of Inefficiency Sources (공공기관의 유형별 효율성 평가와 비효율성 원인의 규명에 관한 연구)

  • Kim, Hyun Jung
    • Journal of the Korean Operations Research and Management Science Society
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    • v.40 no.1
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    • pp.75-89
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    • 2015
  • In recent years, attention to the high debt ratio in public institutions has pushed the government to make efforts in reducing the debt ratio. However, in order to stimulate the economy, the government needs drastically innovative measures that reduce debt by improving efficiency rather than moderate approaches that focus solely on debt reduction. Despite this need, no study has yet systematically analyzed the overall efficiency of domestic public institutions and identified the source of inefficiencies in each public entity. Therefore, largely two research questions are examined. First, this study compares the efficiency levels by types of public institutions. Second, this study identifies the cause of inefficiencies in each public institution and proposes directions for improving efficiency. Based on a 5-year data of 302 public institutions published in public business information systems and organizational websites from 2009 to 2013, Data Envelopment Analysis (DEA) was performed. The input variables include the number of employees and total costs while the output variables include sales and net income. Reflecting the characteristics of public institutions, the input-oriented CCR model and input-oriented BCC model were utilized. Analysis results are as follows. First, market-oriented public institutions showed the highest efficiency while fund management quasi-governmental agencies showed the highest inefficiency. Second, scale efficiency score was measured by applying the CCR model and the BCC model on the organizations with the lowest efficiency level, fund management quasi-governmental agencies. Based on these analysis results, the source of inefficiency and detailed directions for improvement were proposed for Decision Making Units (DMUs) with low CCR and BCC scores.

A Combined ANP and DEA Model based Efficiency Analysis of the Listed Construction Firms (ANP와 DEA 결합모델 기반의 상장 건설기업의 효율성 분석)

  • Seo, Kwang-Kyu
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.10
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    • pp.4354-4358
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    • 2011
  • Many Korean construction companies have fallen on hard times because the construction business continues to stagnate. Therefore it is necessary to measure the management efficiency for efficient operation and strengthening competitiveness of them in order to survive a difficult situation. This paper proposes a combined ANP and DEA model to analyze the efficiency of the listed construction firms. In order to determine the input and output variables of DEA, the ANP model is applied to evaluate the importance of input and output variables. The benchmarking companies and efficiency value for the construction firms with inefficiency are also provided to improve the their efficiency. The 57 listed construction companies consisted of 36 listed on KOSPI and 21 listed on KOSDAQ are analyzed in this study. The analysis results show that 11 companies whose values of CCR are 1, and 14 firms whose values of BCC efficiency are 1. In additions, the 19 firms have the scalability efficiency. Finally, we test the correlation between efficiency and the stock price.

Financial Integrity Strategies for Sustainable Development of Local Public Medical Centers: Focused on Financial Efficiency and Publicness (지방의료원의 재무적 효율성과 공공성 향상을 위한 관련 요인 분석)

  • Kim, Sinah;Sohn, Minsung;Moon, Sungje;Yoon, Heesoo;Choi, Mankyu
    • Korea Journal of Hospital Management
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    • v.22 no.2
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    • pp.44-57
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    • 2017
  • The objective of this study is to investigate financial integrity strategies for sustainable development of local public medical centers, and particularly focus on seeking ways to enhance its financial efficiency and publicness. The data which was collected from 33 local public medical centers was analyzed by Data Envelopment Analysis to measure its financial efficiency. Then, Matrix Analysis was used to examine the association of financial efficiency and publicness of local public medical centers with related factors. In the aspects of facilities and location, according to the results, the local public medical centers which have larger number of available hospital beds or located in bigger cities were examined to have higher degree of publicness. In the aspect of human resources, greater number of doctors made both financial efficiency and the degree of publicness decreased, whereas higher participation rate of educational program for doctors affects increasing its financial efficiency and publicness. Lastly, in the aspect of costs, higher labor, material, and administrative cost diminished financial efficiency, but enhanced the degree of publicness. Based on these results, this study concluded that enhancing the publicness of local public medical centers should be pursued by increasing the accessibility with better facilities and location, and also concurrently organizing rational expenditure structure with appropriate cost investment to the resources of local public medical centers. Also, it is necessary to enhance both financial efficiency and publicness simultaneously by improving the quality of health care services through the educational programs for medical staffs.

Analyzing the Operational Efficiency of South Korea Wholesalers and Retailers during COVID-19 period (Q1 to Q2 2020) (우리나라 도소매기업의 운영효율성에 대한 실증분석: 코로나19 기간(2020년 1~2분기)을 중심으로)

  • Kim, Gilwhan
    • Journal of Korea Society of Industrial Information Systems
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    • v.25 no.6
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    • pp.95-107
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    • 2020
  • We analyze the performance of South Korea wholesalers and retailers during the period when COVID-19 emerged and began to spread in South Korea. Specifically, we choose operational efficiency as a proxy variable for reflecting corporate performance and apply stochastic frontier analysis for estimating operational efficiency. Importantly, in order to examine the impact of the COVID-19 period (Q1 to Q2 2020) on operational efficiency, we consider the quarterly fixed effect corresponding to the COVID-19 period. Our findings include: (ⅰ) the average level of operational ffficiency is approximately 0.7138 during the analysis period (Q1 2019 to Q2 2020); (ⅱ) the fixed effect of the COVID-19 period on operational efficiency is not significant; and (ⅲ) operational efficiency is positively correlated with the scale of the company. Moreover, from an academic perspective, we make a contribution by examining the relationship between the operational efficiency as a firm-level variable and the COVID-19 period as a macroeconomic variable.

An Analysis of the Management Efficiency for the Rice seeding Farmer in China Using DEA Model (DEA를 활용한 중국 벼 직파농가의 경영효율성 분석)

  • Wang, Xiao-Feng;Yu, Chan-Ju
    • Korean Journal of Organic Agriculture
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    • v.30 no.3
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    • pp.351-374
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    • 2022
  • In recent years, the development of rice industry has been highly valued by the state. In hubei area, due to the development of the modernization and the shortage of labor, traditional way of rice cultivation methods is facing serious challenges, and economic benefits have become the decisive factor for the effective promotion and application of rice cultivation methods. According to the research results, first, in the input-side analysis, in the CCR model, D5, D12, D26, D28, D32, D36 farmers with high efficiency appear. The analysis result shows that among the 60 farmers, the average efficiency is 89%, and there is an inefficiency of 11%. In the BCC model, 14 farmers were identified as high-efficiency farmers, with an average efficiency of 0.9453. Second, in direct seeding cultivation of rice, the average scale efficiency is 0.9227, while the average pure technical efficiency is 0.9644. This shows that the effect of scale efficiency is greater than that of purely technical factors, ignoring the reasons for the low operational efficiency of direct seeding cultivation farmers. It can be predicted that with the further deepening of farmers' understanding of this planting mode, the proportion of rice direct seeding may be further expanded in the future. Relevant agricultural departments should further promote this technology to farmers, study the direct seeding technology using scientific methods, and evaluate the changes of this cultivation mode. The agricultural departments of government should concern about the climate risk assessment of direct seeding rice, the environmental impact assessment caused by the extensive use of herbicides, the application of mechanical technology in the process of direct seeding, the lodging of direct seeding rice, and other related issues.

Evaluating Efficiency of Life Insurance Companies Utilizing DEA and Machine Learning

  • Han Kook;Kim, Jae-Kyung
    • Proceedings of the Korea Inteligent Information System Society Conference
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    • 2000.04a
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    • pp.365-373
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    • 2000
  • Data Envelopment Analysis (DEA), a non-parametric productivity analysis tool, has become an accepted approach for assessing efficiency in a wide range of fields. Despite of its extensive applications and merits, some features of DEA remain bothersome. DEA offers no guideline about to which direction relatively inefficient DMUs improve since a reference set of an inefficient DMU, several efficient DMUs, hardly provides a stepwise path for improving the efficiency of the inefficient DMU.In this paper, we aim to show that DEA can be used to evaluate the efficiency of life insurance companies while overcoming its limitation with the aids of machine learning methods.

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The Efficiency Evaluation of Total Quality Management in the Korean Industry with Data Envelopment Analysis

  • Yoo, Hanjoo
    • International Journal of Quality Innovation
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    • v.2 no.1
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    • pp.1-9
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    • 2001
  • As all the other managerial activities, total quality management (TQM) has also inputs into and outputs from the process. Therefore, the principal managerial efficiency criteria of maximum outputs with minimum inputs should be applied to TQM. In this paper, the methodology for the performance evaluation of TQM by Data Envelopment Analysis (DEA) was proposed. DEA is used to measure the efficiency of TQM for each firm with the input and output data obtained by questionnaire. It is found that there are not significant differences between the firms with and without IS09000 certification and between the large and small-sized firms with respect to the TQM efficiency.

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A Study on the Calculating Method of the Heat Input Efficiency in Arcspot Welding (아크 스폿 용접의 입열효율 계산 방법에 관한 연구)

  • Jang, Kyoung-Bok;Cho, Sang-Myoung
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.27 no.7
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    • pp.1065-1070
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    • 2003
  • In arc spot welding process, the arc is not moving and heat input is concentrated in one spot so that the heat input efficiency of arc is higher than that of GMAW. In other words, the heat input efficiency of arc change during weld time because arc start is done in spot and weld metal is filled. Therefore, the heat input model of arc spot welding should be different from that of general GMAW. In present study, the calculating model of heat input efficiency in arc spot welding was suggested by temperature monitoring near spot in arc spot welding of copper plate. The result showed that the heat input efficiency of arc was changed three times during weld time. The accuracy of calculating method of heat input efficiency was verified by heat transfer analysis of arc spot welding process using finite element method.