Improving the return on investment in ports: opportunities in data management

G. N. Kenyon (), M. Goldsmith, B. D. Neureuther and D. Zhou
Additional contact information
G. N. Kenyon: Eastern Washington University
M. Goldsmith: I2A Phillippines
B. D. Neureuther: State University of New York College at Plattsburgh
D. Zhou: Eastern Washington University

Maritime Economics & Logistics, 2018, vol. 20, issue 4, No 2, 514-530

Abstract: Abstract Ports provide a critical link in the supply chain by connecting sea, air, and land transport. They provide facilities and services for the transfer, storage, inspection, and control of the goods moving both in and out of a country. Inefficient port management can increase costs considerably and hamper the timeliness of delivery. Many traditional industry techniques fail to capitalize on the global nature of data, thereby omitting the maximum benefit available. The objective of this research is to investigate issues associated with inefficient port operations and suggest new disruptive methods for resolving them. This research proposes to examine the factors of accepted industry practice, data management, and enterprise asset management to help link and streamline operational processes at sea ports. Specifically, we look at the accepted definition of a Port Community System and expand this to a Port Eco-System (PES), a system that includes the addition of interdependent stakeholders. Through the lens of a PES, this research concludes that ports can substantially improve their existing return on investment, by as much as 30% or more, through the streamlining of operational processes.

Keywords: Port management; Data management; Operational streamlining; Transportation; Return on investment (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1057/s41278-017-0078-4 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:marecl:v:20:y:2018:i:4:d:10.1057_s41278-017-0078-4

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41278/PS2

DOI: 10.1057/s41278-017-0078-4

Access Statistics for this article

Maritime Economics & Logistics is currently edited by Hercules E. Haralambides

More articles in Maritime Economics & Logistics from Palgrave Macmillan, International Association of Maritime Economists (IAME) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().