Strategic Alliance for Vietnam Domestic Real Estate Companies Using a Hybrid Approach Combining GM (1,1) with Super SBM DEA

Chia-Nan Wang, Hsien-Pin Hsu, Jing-Wein Wang, Yang-Chin Kao and Thi-Phuong Nguyen
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Chia-Nan Wang: Department of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan
Hsien-Pin Hsu: Department of Supply Chain Management, National Kaohsiung University of Science and Technology, Kaohsiung 81157, Taiwan
Jing-Wein Wang: Institute of Phonics Engineering, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan
Yang-Chin Kao: Institute of Phonics Engineering, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan
Thi-Phuong Nguyen: Department of Industrial Engineering and Management, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan

Sustainability, 2020, vol. 12, issue 5, 1-23

Abstract: The high economic development in Vietnam contributes much momentum to boost the estate industry in this country. However, competition in this market is also increased. To survive better in this industry, the estate companies in the Vietnam estate industry can apply strategic alliance which, however, depends heavily on forming the right partnership. For this purpose, a hybrid approach combining Grey Theory with Data Envelopment Analysis (DEA) has been proposed in this research to assess and predict the performance of some Vietnamese estate companies, in addition to helping to form the right partnership. For empirical study, 16 companies in the Vietnam estate industry have been selected as Decision Making Units (DMUs). After collecting these DMUs’ historical data in the time period 2012-2017, the grey model GM (1,1) was first used to forecast the performance of these DMUs in 2018-2020. Then, the slacks-based measure (SBM) super efficiency (super SBM) model was used to assess their performance. To initiate partnerships, Becamex Infrastructure Development Joint Stock Company (IJC) has been selected as a target company and it can develop 15 different strategic alliance scenarios. The experimental results show that only some of the scenarios are beneficial. Thus, prudence is a necessity when using strategic alliance.

Keywords: DEA; grey system theory; real estate; strategic alliance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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