Dedicated outdoor air(DOA) system which conditions the outdoor air separately is superior to conventional Cooling + reheating system with respect to energy consumption and indoor comfort. Since the sensible and latent load characteristics of indoor and outdoor are different, it is more efficient to treat them separately. In this study, cycle analysis and on-site performance test of DOA system have been conducted. The study shows that DOA requires 50% less equivalent energy than the conventional system. The on-site performance test of a prototype shows that the coefficient of performance(COP) of the DOA system is 37% higher than the conventional system.