Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model
In Vietnam, fishing is a crucial source of nutrition and employment, which not only affects the development of the domestic economy but is also closely related to exports, heavily influencing the economy and foreign exchange. However, the Vietnamese fishery sector has been facing many challenges in...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-02-01
|
| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/9/5/469 |
| _version_ | 1797395302919962624 |
|---|---|
| author | Chia-Nan Wang Thi-Ly Nguyen Thanh-Tuan Dang Thi-Hong Bui |
| author_facet | Chia-Nan Wang Thi-Ly Nguyen Thanh-Tuan Dang Thi-Hong Bui |
| author_sort | Chia-Nan Wang |
| collection | DOAJ |
| description | In Vietnam, fishing is a crucial source of nutrition and employment, which not only affects the development of the domestic economy but is also closely related to exports, heavily influencing the economy and foreign exchange. However, the Vietnamese fishery sector has been facing many challenges in innovating production technology, improving product quality, and expanding markets. Hence, the fishery enterprises need to find solutions to increase labor productivity and enhance competitiveness while minimizing difficulties. This study implemented a performance evaluation from 2015 to 2018 of 17 fishery businesses, in decision making units (DMUs), in Vietnam by applying data envelopment analysis, namely the Malmquist model. The objective of the paper is to provide a general overview of the fishery sector in Vietnam through technical efficiency, technological progress, and the total factor productivity in the four-year period. The variables used in the model include total assets, equity, total liabilities, cost of sales, revenue, and profit. The results of the paper show that Investment Commerce Fisheries Corporation (DMU10) and Hoang Long Group (DMU8) exhibited the best performances. This paper offers a valuable reference to improve the business efficiency of Vietnamese fishery enterprises and could be a useful reference for related industries. |
| first_indexed | 2024-03-09T00:33:29Z |
| format | Article |
| id | doaj.art-711ce5c8ae3242979ebdee96742ce90d |
| institution | Directory Open Access Journal |
| issn | 2227-7390 |
| language | English |
| last_indexed | 2024-03-09T00:33:29Z |
| publishDate | 2021-02-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Mathematics |
| spelling | doaj.art-711ce5c8ae3242979ebdee96742ce90d2023-12-11T18:22:18ZengMDPI AGMathematics2227-73902021-02-019546910.3390/math9050469Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist ModelChia-Nan Wang0Thi-Ly Nguyen1Thanh-Tuan Dang2Thi-Hong Bui3Department of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, TaiwanDepartment of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, TaiwanDepartment of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, TaiwanDepartment of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, TaiwanIn Vietnam, fishing is a crucial source of nutrition and employment, which not only affects the development of the domestic economy but is also closely related to exports, heavily influencing the economy and foreign exchange. However, the Vietnamese fishery sector has been facing many challenges in innovating production technology, improving product quality, and expanding markets. Hence, the fishery enterprises need to find solutions to increase labor productivity and enhance competitiveness while minimizing difficulties. This study implemented a performance evaluation from 2015 to 2018 of 17 fishery businesses, in decision making units (DMUs), in Vietnam by applying data envelopment analysis, namely the Malmquist model. The objective of the paper is to provide a general overview of the fishery sector in Vietnam through technical efficiency, technological progress, and the total factor productivity in the four-year period. The variables used in the model include total assets, equity, total liabilities, cost of sales, revenue, and profit. The results of the paper show that Investment Commerce Fisheries Corporation (DMU10) and Hoang Long Group (DMU8) exhibited the best performances. This paper offers a valuable reference to improve the business efficiency of Vietnamese fishery enterprises and could be a useful reference for related industries.https://www.mdpi.com/2227-7390/9/5/469data envelopment analysiscatch-upfrontier-shiftMalmquistperformancefishery sector |
| spellingShingle | Chia-Nan Wang Thi-Ly Nguyen Thanh-Tuan Dang Thi-Hong Bui Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model Mathematics data envelopment analysis catch-up frontier-shift Malmquist performance fishery sector |
| title | Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model |
| title_full | Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model |
| title_fullStr | Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model |
| title_full_unstemmed | Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model |
| title_short | Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model |
| title_sort | performance evaluation of fishery enterprises using data envelopment analysis a malmquist model |
| topic | data envelopment analysis catch-up frontier-shift Malmquist performance fishery sector |
| url | https://www.mdpi.com/2227-7390/9/5/469 |
| work_keys_str_mv | AT chiananwang performanceevaluationoffisheryenterprisesusingdataenvelopmentanalysisamalmquistmodel AT thilynguyen performanceevaluationoffisheryenterprisesusingdataenvelopmentanalysisamalmquistmodel AT thanhtuandang performanceevaluationoffisheryenterprisesusingdataenvelopmentanalysisamalmquistmodel AT thihongbui performanceevaluationoffisheryenterprisesusingdataenvelopmentanalysisamalmquistmodel |