Strategic enhancement infrastructure connectivity: a fuzzy exploratory factors analysis in Thailand’s regional ports within the RCEP framework
Narthsirinth Netirith and
Mingjun Ji
Maritime Business Review, 2024, vol. 9, issue 4, 369-390
Abstract:
Purpose - Advancements in enhancing regional port connectivity are crucial to fostering global maritime transport. The objective of this paper is to explore the complex relationship between infrastructure connectivity and the regional port of Thailand, specifically within the Regional Comprehensive Economic Partnership (RCEP). Design/methodology/approach - This paper utilised fuzzy logic in exploratory factor analysis and introduced a new factor based on shipping networks, port operations, trade and emerging innovations. This can enhance the regional port and facilitate infrastructure connectivity in the RCEP. The results of this study have been successfully applied in specific contexts involving port authorities and private shipping companies. Findings - The study’s findings indicate key factors for enhancing regional ports in Thailand. These factors include integrating connectivity, creating spare hubs, addressing service issues, optimising logistics and supply chains, considering market components and leveraging the digital market. These factors are also crucial for promoting infrastructure connectivity within the RCEP framework. Originality/value - This research presents a strategic framework for enhancing regional ports in Thailand and improving international infrastructure. This is the first attempt to examine the influence of infrastructure connectivity on regional ports by applying fuzzy exploratory factor analysis to modernise infrastructure, which is key to unlocking the region’s maritime potential.
Keywords: Exploratory factor analysis; Regional port; RCEP; Infrastructure connectivity; Fuzzy logic (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:mabrpp:mabr-04-2024-0031
DOI: 10.1108/MABR-04-2024-0031
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