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Using stochastic frontier and data envelopment analysis to measure port efficiency: application issues and implications
Citation
Nguyen, H-O and Nguyen, H-V and Chin, ATH, Using stochastic frontier and data envelopment analysis to measure port efficiency: application issues and implications, Proceedings of the International Association of Maritime Economists 2012 Conference, 5-8 September, 2012, Taipei, Taiwan, pp. 1-19. (2012) [Refereed Conference Paper]
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Copyright 2012 The Authors - The University is continuing to endeavour to trace the copyright owner(s) and in the meantime this item has been reproduced here in good faith. We would be pleased to hear from the copyright owner(s).
Official URL: http://www.inderscience.com/mapper.php?id=85#pub
Abstract
Both the stochastic frontier analysis (SFA) and data envelopment analysis (DEA) methods have been applied extensively in port efficiency measurement. However, the two methods are based on completely different approaches; one is parametric while the other is non-parametric. This difference makes their comparison technically un-meaningful. To overcome this issue, the current study applies the bootstrapped DEA method instead of the traditional, non-parametric one. The data set for the 43 largest sea ports in Vietnam was used. The analysis results indicate that, while the efficiency indexes obtained from the two methods provide useful and consistent measures of the Vietnamese ports’ efficiency, they
remain significantly different. Based on this, further analysis is conducted to gain further insights into issues concerning the practical application of the two methods.
Item Details
| Item Type: | Refereed Conference Paper |
|---|---|
| Keywords: | sea ports, port efficiency, stochastic frontier analysis, data envelopment analysis, Vietnam |
| Research Division: | Commerce, Management, Tourism and Services |
| Research Group: | Transportation and Freight Services |
| Research Field: | Transportation and Freight Services not elsewhere classified |
| Objective Division: | Transport |
| Objective Group: | Water Transport |
| Objective Field: | Coastal Sea Freight Transport |
| Author: | Nguyen, H-O (Dr Oanh Nguyen) |
| ID Code: | 83319 |
| Year Published: | 2012 |
| Deposited By: | NC Ports and Shipping |
| Deposited On: | 2013-03-08 |
| Last Modified: | 2014-12-19 |
| Downloads: | 2 View Download Statistics |
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