Article

Measuring and explaining the relative efficiency of container terminals by means of Bayesian stochastic frontier models

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A terminal is efficient if it produces a maximum output (container traffic in TEU) for given inputs (terminal superstructure). Traditional studies on container terminal efficiency tend to focus on partial productivity measures such as TEU per crane. These instruments do not assess the overall efficiency of terminal operations, as they only look at specific aspects of the terminal operation process. This paper presents an approach for the measurement of container terminal efficiency based on Bayesian Stochastic Frontier modelling. A Bayesian Stochastic Frontier Model is a stochastic and parametric method for analysing productive efficiency. The stochastic production function takes into account statistical noise (composed error) and models the level of inefficiency via a non-negative disturbance. As such, the level of (in)efficiency of different terminals can be compared. The model is tested using a sample of 36 European container terminals, supplemented with four Asian container ports. In general, north European container terminals attain a slightly higher degree of efficiency than southern terminals. Terminals located in hub ports on average are considered as more efficient than those in feeder ports.International Journal of Maritime Economics
Measuring and Explaining the Relative Efficiency of Container Terminals by Means of Bayesian Stochastic Frontier Models.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

ATC LO VAN m

Penerbit

United Kingdom : Emerald Insight., 2000

Deskripsi Fisik

23 p.

Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

LO

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

volume II, number 2, 2000

Subjek

efficiency
Measuring

Info Detail Spesifik

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Pernyataan Tanggungjawab

Julien Van Den Broeck

Versi lain/terkait

Lampiran Berkas

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