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http://dx.doi.org/10.38121/kpea.2021.09.37.3.75

Analysis of U.S. Port Efficiency Using Double-Bootstrapped DEA  

Lee, Yong Joo (Central Washington University, Dept. of Finance & Supply Chain Management)
Park, Hong-Gyun (Sunchon National University, Dept. of International Trade)
Lee, Kwang-Bae (Sunchon National University, Dept. of Logistics)
Publication Information
Journal of Korea Port Economic Association / v.37, no.3, 2021 , pp. 75-91 More about this Journal
Abstract
Due to increased competition in supply side to reduce operational costs, port professionals have experienced extreme pressure, which demanded academicians to develop the model for efficient port operations from the industry perspective. Among many ports in the world, U.S. ports are our primary interest to analyze in our study for its high volume of cargoes transacted in the U.S. ports. We primarily employed DEA (Data Envelopment Analysis) technique to research the productivity of U.S. ports and applied the algorithm of double bootstrapped DEA proposed by Simar & Wilson (2007) to further investigate the driving forces of the performance of U.S. port operations. The external variables employed in our study comprise onDock Rail, Channel Depth, Location, Area, Acres, ForeignCargoRatio, and TEUChange, out of which onDock Rail, Acres, ForeignCargoRatio, and TEUChange were significant. In order to evaluate the effects of methodology selection, we conducted the same analysis applying the Censored model (Tobit) and contrasted the outcomes drawn from the two different techniques. Based on the findings from this work we proposed managerial implications and concluded.
Keywords
DEA; Simar & Wilson; U.S. ports; productivity; Environmental variables;
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