Publication Cover
Maritime Policy & Management
The flagship journal of international shipping and port research
Volume 49, 2022 - Issue 4
1,258
Views
16
CrossRef citations to date
0
Altmetric
Research Article

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

, ORCID Icon &

References

  • Ainsworth, P., and D. Deines. 2019. Introduction to Accounting: An Integrated Approach. 8th ed. New York City: John Wiley & Sons.
  • Akyuz, E., and E. Celik. 2015. “A Fuzzy DEMATEL Method to Evaluate Critical Operational Hazards during Gas Freeing Process in Crude Oil Tankers.” Journal of Loss Prevention in the Process Industries 38: 243–253.
  • Antonsen, Y. 2014. “The Downside of the Balanced Scorecard: A Case Study from Norway.” Scandinavian Journal of Management 30 (1): 40–50.
  • Awadallah, E. A., and A. Allam. 2015. “A Critique of the Balanced Scorecard as A Performance Measurement Tool.” International Journal of Business and Social Science 6 (7): 91–99.
  • Aziz, T. N., M. R. Razalli, and A. A. Othman. 2020. “Achieving Balanced Performance of Service Supply Chain through Structural Capital: Evidence from the Life Insurance Agency in Malaysia.” International Journal of Supply Chain Management 9 (3): 74.
  • Baharudin, N., and R. Jusoh. 2019. “Implementation of Target Cost Management in a non-Japanese Environment.” Qualitative Research in Accounting & Management16 (1): 35–59.
  • Balezentis, A., and T. Balezentis. 2011. “An Innovative Multi-criteria Supplier Selection Based on Two-tuple MULTIMOORA and Hybrid Data.” Economic Computation and Economic Cybernetics Studies and Research 45 (2): 37–56.
  • Ballesteros, D. R., and J. M. R. Fernández. 2020. “Crisis in Spanish Credit Institutions: Discriminant Analysis Application.” Studies of Applied Economics 32 (2): 617–644.
  • Bangladesh Economic Review. 2019. Government of the People’s Republic of Bangladesh, Ministry of Finance, Finance Division. accessed 13th November 2020. https://mof.gov.bd/site/page/44e399b3-d378-41aa-86ff-8c4277eb0990/BangladeshEconomicReview
  • Bangladesh Investment Development Authority. 2019. Shipbuilding Industry. July 2019.
  • Basu, R., C. Little, and C. Millard 2009. Case study: A fresh approach of the Balanced Scorecard in the Heathrow Terminal 5 project. Measuring Business Excellence.
  • Bontis, N., C. K. Bart, S. Bose, and K. Thomas. 2007. “Applying the Balanced Scorecard for Better Performance of Intellectual Capital.” Journal of Intellectual Capital 8 (4): 653–665.
  • Chen, K. K., R. H. Chiu, and C. T. Chang. 2017. “Using Beta Regression to Explore the Relationship between Service Attributes and Likelihood of Customer Retention for the Container Shipping Industry.” Transportation Research Part E: Logistics and Transportation Review 104: 1–16.
  • Chou, Y. C., C. C. Sun, and H. Y. Yen. 2012. “Evaluating the Criteria for Human Resource for Science and Technology (HRST) Based on an Integrated Fuzzy AHP and Fuzzy DEMATEL Approach.” Applied Soft Computing 12 (1): 64–71.
  • Clarksons Shipping Intelligence Network. 2019. 2019 Shipbuilding Review. accessed 22nd January 2020. h ttps://sin. clarksons.net/News/Article/148093#!#sincustomhome
  • Clarksons Shipping Intelligence Network. 2020. Dry Bulk Trade Outlook. 2, February 2020.
  • Damen Shipyards Gorinchem. 2019. Damen signs MoU for development of Bangladesh Shipbuilding Initiative. accessed 23rd January 2020. https://www.damen.com/en/news/2020/01/damen_signs_mou_for_development_of_bangladesh_shipbuilding_initiative
  • Dey, B., B. Bairagi, B. Sarkar, and S. Sanyal. 2012. “A MOORA Based Fuzzy Multi-criteria Decision Making Approach for Supply Chain Strategy Selection.” International Journal of Industrial Engineering Computations 3 (4): 649–662.
  • Dijk, C., P. Mheen, and M. Bloem. 2015. Indonesia Maritime Hotspot. Indonesia: PWC Consulting Indonesia.
  • Dinçer, H., U. Hacıoglu, and S. Yüksel. 2017. “Balanced Scorecard Based Performance Measurement of European Airlines Using a Hybrid Multicriteria Decision Making Approach under the Fuzzy Environment.” Journal of Air Transport Management 63: 17–33.
  • Doumpos, M., and C. Zopounidis. 2006. Multicriteria Decision Aid Classification Methods. Vol. 73. Springer Science & Business Media.
  • Ecorys SCS Group. 2009. Study on Competitiveness of the European Shipbuilding Industry Within the Framework Contract of Sectoral Competitiveness Studies.
  • Gavalas, D. 2016. “Shipping Firms’ Efficiency Evaluation through Stochastic Frontier Analysis.” Modern Economy 7 (8): 867–874.
  • Gavalas, D., and T. Syriopoulos. 2013. “Bank Loan Quality and Credit Risk Exposure: A Multi-criteria Decision Approach to Collateral Selection in Shipping.” Economics World 1 (1): 59–86.
  • Gavalas, D., and T. Syriopoulos. 2015. “An Integrated Credit Rating and Loan Quality Model: Application to Bank Shipping Finance.” Maritime Policy & Management 42 (6): 533–554.
  • Giannopoulos, G., A. Holt, E. Khansalar, and S. Cleanthous. 2013. “The Use of the Balanced Scorecard in Small Companies.” International Journal of Business and Management 8 (14): 1–22.
  • Goretti, M. M., M. D. Kihara, M. R. M. Salgado, and M. A. M. Gulde (2019). Is South Asia Ready for Take Off?: A Sustainable and Inclusive Growth Agenda. International Monetary Fund.
  • Gourdon, K., and C. Steidl (2019). Global value chains and the shipbuilding industry. OECD Science, Technology and Industry Working Papers, No. 2019/08, OECD Publishing, Paris, doi: https://doi.org/10.1787/7e94709a-en.
  • Government of India. 2019. Ministry of Shipping. accessed 20th January 2020. http://sagarmala.gov.in/
  • Hamdy, A. 2018. “Balance Scorecard Role in Competitive Advantage of Egyptian Banking Sector.” The Business & Management Review 9 (3): 424–434.
  • Harbour, J. L. 2017. The Basics of Performance Measurement. Florida: CRC Press.
  • Hladchenko, M. 2015. “Balanced Scorecard–a Strategic Management System of the Higher Education Institution.” International Journal of Educational Management 29 (2), 167-176.
  • Hridoy, R. M., and N. Mohsin. 2020. “An Approach for Risk Management in Production Sector of Electronics Industry in Bangladesh.” European Journal of Advances in Engineering and Technology 7 (6): 48–56.
  • Iqbal, K. S., N. G. Zakaria, and K. A. Hossain. 2010. “Identifying and Analyzing Underlying Problems of Shipbuilding Industries in Bangladesh.” Journal of Mechanical Engineering 41 (2): 147–158.
  • Jafari, E. M., N. Roudabr, and M. H. Kamfiroozi. 2013. “Bank’s Performance Evaluation Model Based on the Balanced Score Card Approach, Fuzzy Dematel and Analytic Network Process.” International Journal of Information, Security and System Management 2 (2): 191–200.
  • Jiang, L., E. Bastiansen, and S. P. Strandenes. 2013. “The International Competitiveness of China’s Shipbuilding Industry.” Transportation Research Part E: Logistics and Transportation Review 60: 39–48.
  • Lee, P. T. W., and Z. Yang. 2017. Multi-Criteria Decision Making in Maritime Studies and Logistics: Applications and Cases. New York City: Springer.
  • Liu, C. L., K. C. Shang, T. C. Lirn, K. H. Lai, and Y. V. Lun. 2018. “Supply Chain Resilience, Firm Performance, and Management Policies in the Liner Shipping Industry.” Transportation Research Part A: Policy and Practice 110: 202–219.
  • Madsen, D. Ø., and T. Stenheim. 2014. “Perceived Benefits of Balanced Scorecard Implementation: Some Preliminary Evidence.” Problems and Perspectives in Management 12 (3): 81–90.
  • The Maritime Executive. (2019). CSIC-CSSC Re-Merger Completed. accessed 11th March 2020. https://www.maritime-executive.com/article/csic-cssc-re-merger-completed
  • Martinsons, M., R. Davison, and D. Tse. 1999. “The Balanced Scorecard: A Foundation for the Strategic Management of Information Systems.” Decision Support Systems 25 (1): 71–88.
  • Myanmar National Portal. (2020). Ministry of Planning, Finance and Industry. accessed 6th May 2020. https://myanmar.gov.mm/en/ministry-of-planning-finance
  • Negara, S. D. 2017. “Can the Decline of Batam’s Shipbuilding Industry Be Reversed?” ISEAS Perspective, 10(4): 1–13.
  • OECD. 2018. Shipbuilding Market Developments, Q2/2018, OECD Working Party on Shipbuilding, May 2018.
  • Ohiomah, A., P. Andreev, M. Benyoucef, and D. Hood. 2019. “The Role of Lead Management Systems in inside Sales Performance.” Journal of Business Research 102: 163–177.
  • Onut, S., U. R. Tuzkaya, and E. Torun. 2011. “Selecting Container Port via A Fuzzy ANP-based Approach: A Case Study in the Marmara Region, Turkey.” Transport Policy 18 (1): 182–193.
  • Ozturkoglu, Y., Y. Kazancoglu, and Y. D. Ozkan-Ozen. 2019. “A Sustainable and Preventative Risk Management Model for Ship Recycling Industry.” Journal of Cleaner Production 238: 117907.
  • Pessanha, D. S. D. S., and V. Prochnik 2006. Practitioners’ opinions on academics’ critics on the balanced scorecard. SSRN 1094308.
  • Petrović, G. S., M. Madić, and J. Antucheviciene. 2018. “An Approach for Robust Decision Making Rule Generation: Solving Transport and Logistics Decision Making Problems.” Expert Systems with Applications 106: 263–276.
  • Pires, F. C., Jr, and T. Lamb. 2008. “Establishing Performance Targets for Shipbuilding Policies.” Maritime Policy & Management 35 (5): 491–502.
  • Rahman, M. M. 2017. “An Appraisal of Shipbuilding Prospects in Bangladesh.” Procedia Engineering 194: 224–231.
  • Republic of Indonesia. (2020). Ministry of Finance. accessed 11th March 2020. https://www.kemenkeu.go.id/en
  • Steinhauer, D., J. N. Sikorra, M. A. Haux, A. Friedewald, and H. Lödding. 2017. “Processing Incomplete Data for Simulation-based Production Planning in Shipbuilding.” Journal of Simulation 11 (1): 30–37.
  • Tan, Y., Y. Zhang, and R. Khodaverdi. 2017. “Service Performance Evaluation Using Data Envelopment Analysis and Balance Scorecard Approach: An Application to Automotive Industry.” Annals of Operations Research 248 (1–2): 449–470.
  • Thangam, K. M., and D. Sureshkumar. 2015. “Competitiveness of Indian Ship Building Industry.” International Journal of Innovative Research & Development 4 (7): 18–25.
  • United States Agency International Development. 2019. Bangladesh, Comprehensive Private Sector Assessment. June
  • Urbański, T., T. Graczyk, M. Taraska, and R. Iwańkowicz. 2018. “Assessment of Technological Usefulness of Panel Production Line in Shipbuilding Process.” Polish Maritime Research 25 (s1): 134–144.
  • Yasukata, K., E. Yoshida, I. Yamada, and K. Oura. 2013. “A Longitudinal Case Study of Target Cost Management Implementation at A Shipbuilding Company.” Journal of Accounting & Organizational Change 9 (4): 448–470.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.