Assessing key performance indicators in the shipbuilding industry; an MCDM approach

Dimitris Gavalas, Theodoros Syriopoulos and Michael Tsatsaronis

Maritime Policy & Management, 2022, vol. 49, issue 4, 463-491

Abstract: A series of countries have focused on shipbuilding public policies, as it is commonly considered a deliberate industry and influences employment levels in many regions. Establishing key performance indicators can be a challenge to shipbuilding policymakers. This paper suggests an approach to this issue, based on three different MCDM techniques: the fuzzy DEMATEL, the Fuzzy ANP, and the MOORA. This approach makes it achievable to estimate performance and competitiveness, considering 25 different variables comprising four different viewpoints of a balanced scorecard approach. These dimensions include finance, customer, internal process, and learning and growth aspects. The methodology is applied to the analysis of the active shipyards of the Bay of Bengal Basin countries. Our main findings indicate that shipyards which are effective in ‘customer’ variables perform higher performance, while variables constituting the ‘learning and growth’ dimension demonstrate lower impact on it. Additionally, the dimensions of ‘finance’ and ‘customer’ show uttered impacts on the other dimensions, while ‘learning and growth’ has no impact on the other perspectives of the balanced scorecard. Through this methodology, researchers, practitioners, and policymakers might acquire a penetrating overview into the drivers of the global shift in shipbuilding industry.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/03088839.2021.1876939 (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:taf:marpmg:v:49:y:2022:i:4:p:463-491

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TMPM20

DOI: 10.1080/03088839.2021.1876939

Access Statistics for this article

Maritime Policy & Management is currently edited by Dr Kevin Li and Heather Leggate McLaughlin

More articles in Maritime Policy & Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().