• Title/Summary/Keyword: efficiency Analysis

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Measuring the Efficiency of Maritime Transport Companies

  • Kang, Hyo-Won;Kim, Young-Min
    • 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.

Analysis of Marker Efficiency According to Blouse Sleeve Design (블라우스의 소매 디자인에 따른 마커 효율에 관한 연구)

  • Park, Woo-Mee
    • Journal of the Korean Home Economics Association
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    • v.48 no.2
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    • pp.85-94
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    • 2010
  • Comparative analysis of marker efficiency in blouse patterns, based on different sleeve designs, was carried out. Sleeve designs used included set-in-sleeve, laglan sleeve, and epaulet sleeve. The two types of epaulet sleeves, A and B, are based on pattern arrangement methods of center back. Cloth and production conditions are the width of cloth, the number of marking pieces, and the direction for marking deployment. A blouse pattern saved to the PAD CAD System was graded with different sizes and arranged for industrial purpose to calculate the marker efficiency in different conditions. The results were as follows. On the whole, the marker efficiency of small pattern sized set-insleeve was higher than laglan and epaulet sleeve designs. It was also established that marker efficiency is dependent on cloth and production conditions. For small number of marking pieces, efficiency was higher in the condition of 110cm cloth widths compared with that condition of 150cm cloth widths. However the efficiency of large number of marking pieces was higher in the condition of 150cm cloth widths.

Evaluation and Comparison of Bank Efficiency in Cross-Strait after ECFA

  • LIAO, Chang Sheng
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.783-793
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    • 2020
  • The purpose of this study is to investigate whether the ECFA impacted the efficiency of banks in China and Taiwan from 2008 to 2017. This study follows Seiford and Zhu (2002), who recommend using the standard data envelopment analysis model to measure performance by increasing the desirable outputs and decreasing the undesirables. The finding was that overall technical efficiency increased from 2012 to 2017, reaching 0.575, 0.652, 0617, 0.689, 0.701 and 0.74, respectively. This result implies bank efficiency did indeed improve after China and Taiwan signed the ECFA cooperation agreement. The study found that the mean technical efficiency was 0.8756 in China, greater than Taiwan's mean of 0.3511, implying that Chinese banks experienced a greater increase in efficiency after signing the EFCA. One possible reason explored in this study is that China's economy is currently growing at the highest rate in the world, and the banks' efficiency has benefited from greater economic growth. This suggests that cross-strait sustained negotiations to consummate an agreement on trade in the services will be a very important mission in the future. This result also provides significant evidence suggesting that not accounting for undesirable output while estimating the evolution of the model may seriously distort efficiency results.

Productivity Growth of Vietnamese Commercial Banks: An Application of Non-Parametric Analysis

  • NGUYEN, Manh Hung
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.9
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    • pp.177-187
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    • 2021
  • The purpose of the research to evaluate the efficiency and productivity growth rate of some Vietnamese commercial banks in the period 2008-2020. Using input and output selection theory, the author selected 2 models, estimating the efficiency for model 1 and estimating the yield change for both the models. We have built a model to estimate the efficiency and calculate as well as decompose the productivity growth of Vietnamese commercial banks during the period of active mergers and acquisitions activities in the banking system. Based on the results of the efficiency estimation, TFP shows during mergers and acquisitions, efficiency fluctuates but in an inverted U-shape (increasing from 2008-2011 but decreasing from 2013 to 2020). The estimated results of the impact assessment model show that FDI reduces the efficiency of banks. Productivity analysis shows that 6 out of 23 banks in the study period had positive TFP growth (tfpch > 1) due to technical progress and management efficiency. The findings of this study suggest that Vietnam's commercial banking system has many opportunities to improve operational efficiency in many aspects. In which, there are opportunities to increase credit, improve governance as well as improve the technology level of each bank. In addition, along with traditional products such as deposits and loans, diversification with a wide range of products and services is an important factor to enhance customer experience and demand in commercial banks.

A Bibliometric Comparative Analysis on the Applications of AI, IoT, and Big Data to Energy Efficiency

  • Yong Sauk Hau
    • International Journal of Internet, Broadcasting and Communication
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    • v.16 no.1
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    • pp.287-296
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    • 2024
  • Artificial intelligence (AI), the Internet of Things (IoT), and Big Data are playing important roles in improving or upgrading energy efficiency. Furthermore, their roles in energy efficiency are expected to become more and more essential. This study conducted a bibliometric comparative analysis on the features in the articles on the AI, the IoT, and the Big Data in energy efficiency by using the Web of Science database and compared the features in their trends in article publications, citations, countries, research areas, journals, and funding agencies from 2012 to 2022. This study attempted to make significant contributions by shedding new light on the following features. Among the AI, the IoT, and the Big Data in energy efficiency, the most articles were published and the most article citations were received in the AI in energy efficiency. China was found out to be the most leading country. Engineering and computer science were revealed to be the first research area. IEEE Access and IEEE Internet of Things were ranked with first journal. National Natural Science Foundation of China was the first research funding agency concerning the articles published in the AI, the IoT, and the Big Data in energy efficiency from 2012 to 2022.

Transport Efficiency Analysis of the Lines of Urban Railway using Data Envelopment Analysis (DEA를 활용한 도시철도 노선별 수송효율성 분석)

  • Kim, Soo Hyun;Jung, Hun Young;Lee, Won Gyu
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.2
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    • pp.605-616
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    • 2014
  • The purpose of this study is to analyze transport efficiency of each of the 17 urban railway lines being operated by national public agencies using Data Envelopment Analysis (DEA) and to seek strategies for improving efficiency of the urban railway system. The study identified the economies of scale derived from these values of efficiency and examined the effects on cost for free ride loss and profit of transport by the fare system as the external factor. At the time, Transport profits are estimated by two production factors such as the number of vehicles and service frequency derived from multiple regression. Finally, the measures to improve the efficiency were presented in terms of profitability in the national urban railway line by applying the values of efficiency derived from DEA to multidimensional scaling (MDS).

Efficiency Analysis of a Wave Power Generation System by Using Multibody Dynamics (다물체동역학을 이용한 다자유도 파력발전시스템의 흡수 효율 분석)

  • Kim, Min Soo;Sohn, Jeong Hyun;Kim, Jung Hee;Sung, Yong Jun
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.40 no.6
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    • pp.557-563
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    • 2016
  • The energy absorption efficiency of a wave power generation system is calculated as the ratio of the wave power to the power of the system. Because absorption efficiency depends on the dynamic behavior of the wave power generation system, a dynamic analysis of the wave power generation system is required to estimate the energy absorption efficiency of the system. In this study, a dynamic analysis of the wave power generation system under wave loads is performed to estimate the energy absorption efficiency. RecurDyn is employed to carry out the dynamic analysis of the system, and the Morison equation is used for the wave load model. According to the results, the lower the wave height and the shorter the period, the higher is the absorption efficiency of the system.

Analyzing the Technical Efficiency of Korean Engineering and Construction Firms after the Financial Crisis (외환위기 이후 국내건설회사의 효율성 분석)

  • Kim, Kon-Shik
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.1 s.23
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    • pp.151-161
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    • 2005
  • This paper analyzes the technical efficiencies of 38 Korean engineering and construction firms and the efficiency changes from 1999 to 2003 using data envelopment analysis (DEA). Best practice firms in terms of technical efficiency and profit are identified. For inefficient firms, performance targets to be efficient are suggested. Technical efficiencies had been increased over the five year period, and the efficiency difference between firms had been reduced during this period. The differences in efficiency due to the differences in cooperate governance structures are statistically significant. In addition, the technical efficiency is correlated with product portfolios, degree of subcontract, rates of value added, returns on invested capital, and EBITDA.

An Evaluation on the International Competitiveness of Korean and Global Container Shipping Company through a Comparative Analysis on the Efficiency (국내외 컨테이너선사의 효율성 비교를 통한 국제경쟁력 평가)

  • Hwang, Kyung-Yun;Koo, Jong-Soon
    • International Commerce and Information Review
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    • v.13 no.1
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    • pp.123-144
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    • 2011
  • This study used a non-parametric linear program, Data Envelopment Analysis(DEA) to compare the efficiency of Korean and global container shipping companies from 2005 to 2009. The sample shipping companies were 7 Korean container shipping companies and 11 global container shipping companies. The main objective of our research is to compare their efficiency, as well as the changes in efficiency periodically according to the types of the container shipping companies. According to the periodical analysis, both Korean and Global container shipping companies showed a steady decrease in efficiency. The study showed that Korean container shipping companies have greater efficiency than their global rivals.

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Measuring Relative Efficiency of Korean and Japanese Construction Firms Using Data Envelopment Analysis (자료포락분석을 이용한 한국과 일본 건설기업의 상대적 효율성 분석)

  • Choi, Jae-Kyu
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.2
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    • pp.217-226
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    • 2015
  • The aim of this study is to compare relative efficiency Korean and Japanese construction firms over the period of 2000-2013, and to analysis relative efficiency using Data Envelopment Analysis (DEA). This study employs DEA in analyzing of 7 Korean construction firms and 8 Japanese construction firms using 2 input and 1 output variables. The efficiency results of this study is temporarily lowered due to IT Bubble Decay and Global Financial Crisis. The efficiency of Korean construction firms from 2000-2001 is lower Japanese construction firms, but the efficiency of Korean construction firms from 2002-2013 is higher Japanese construction firms. These results mean that the management of Korean construction firms were operating more efficiently than Japanese construction firms.