A novel Index-based quantification approach for port performance measurement: a case from Indian major ports

Nikesh Nayak, Pushpesh Pant, Sarada Prasad Sarmah, Mamata Jenamani and Deepankar Sinha

Maritime Policy & Management, 2024, vol. 51, issue 2, 174-205

Abstract: This paper develops a unified port performance index (PPI) considering different cargo categories and the multi-dimensional nature of port performance indicators/dimensions. This study has used the quintile method to construct PPI. Further, the PPI obtained from the quintile method is compared with weighted unified index (PPIPCA) using principal component analysis (PCA), extensively used for index development in the literature. A pilot index development is demonstrated using secondary panel data for 12 major Indian ports on five significant dimensions, namely, operations, physical infrastructure, technical infrastructure, finance, and socio-economic. Results show that the JNPT port outperforms all other ports under the container cargo category. Likewise, Kandla port in the liquid port category and Paradip port in the other (dry & break bulk) cargo category are on top. Also, qualitatively similar results and insights are obtained with the PPIPCA. Subsequently, the panel data regression and efficiency analysis are performed to demonstrate the utility of the proposed index. The results affirm that the operations, physical infrastructure, and socio-economic dimensions have a positive and significant impact on port financial performance. The present study operationalises some key unexplored port performance indicators/dimensions that can enable effective decision-making.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/03088839.2022.2116656 (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:51:y:2024:i:2:p:174-205

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

DOI: 10.1080/03088839.2022.2116656

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 ().