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Efficiency Measurement Using the Stochastic Frontier Analysis and Data Envelopment Analysis Methods: An Application to the Vietnamese Ports

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Nguyen, H-O and Nguyen, H-V and Chin, ATH, Efficiency Measurement Using the Stochastic Frontier Analysis and Data Envelopment Analysis Methods: An Application to the Vietnamese Ports, Papers from the Singapore Economic Review Conference 2011, 4-6 August 2011, Mandarin Orchard Singapore, pp. 1-13. (2011) [Refereed Conference Paper]


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Copyright 2011 the Authors

Official URL: http://www.serconf.org/2011/index.html

Abstract

The economic development of Vietnam depends heavily on the maritime transport industry. It is observed that the value of merchandise exports and imports exceed its gross domestic product. Intense competition among more than one hundred ports in Vietnam demands efficient port management to maintain competitiveness. This study applies both the data envelopment analysis (DEA) and stochastic frontier analysis (SFA) methods in evaluating Vietnamís portsí efficiency. The results show that, while both methods provide useful and consistent measures of port efficiency, there are significant differences between the actual efficiency indexes obtained from the two methods. Building upon this result, further analysis is performed to gain more insights into the application of efficiency measurement methods. Methodological implications are also discussed.

Item Details

Item Type:Refereed Conference Paper
Keywords:Vietnam, maritime transport, efficiency measurement, data envelopment analysis, stochastic frontier analysis
Research Division:Economics
Research Group:Applied Economics
Research Field:Transport Economics
Objective Division:Transport
Objective Group:Other Transport
Objective Field:Transport not elsewhere classified
Author:Nguyen, H-O (Dr Oanh Nguyen)
ID Code:73600
Year Published:2011
Deposited By:NC Ports and Shipping
Deposited On:2011-10-18
Last Modified:2014-10-30
Downloads:5 View Download Statistics

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