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.
History
Publication title
Proceedings of the International Association of Maritime Economists 2012 Conference
Editors
YHV Lun
Pagination
1-19
Department/School
Australian Maritime College
Publisher
International Association of Maritime Economists
Place of publication
Taipei, Taiwan
Event title
The International Association of Maritime Economists 2012 Conference
Event Venue
Taipei, Taiwan
Date of Event (Start Date)
2012-09-05
Date of Event (End Date)
2012-09-08
Rights statement
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).