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Efficiency Measurement Using the Stochastic Frontier Analysis and Data Envelopment Analysis Methods: An Application to the Vietnamese Ports
conference contribution
posted on 2023-05-23, 05:33 authored by Hong-Oanh NguyenHong-Oanh Nguyen, Nguyen, H-V, Chin, ATHThe 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 Vietnam’s ports’ 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.
History
Publication title
Papers from the Singapore Economic Review Conference 2011Volume
(online)Editors
E QuahPagination
1-13Department/School
Australian Maritime CollegePublisher
Singapore Economic ReviewPlace of publication
SingaporeEvent title
Singapore Economic Review Conference 2011Event Venue
Mandarin Orchard SingaporeDate of Event (Start Date)
2011-08-04Date of Event (End Date)
2011-08-06Rights statement
Copyright 2011 the AuthorsRepository Status
- Restricted