Applying Data Envelopment Analysis and Grey Model for the Productivity Evaluation of Vietnamese Agroforestry Industry
AbstractAgriculture and forestry play important roles in Vietnam, particularly as they contribute to the creation of food, conservation of forest resources, and improvement of soil fertility. Therefore, understanding the performances of relevant enterprises in this field contributes to the sustainable development of this country’s agroforestry industry. This research proposes a hybrid model, which includes a grey model (GM) and a Malmquist productivity index (MPI), to assess the performances of Vietnamese agroforestry enterprises over several time periods. After collecting the data of selected input and output variables for 10 Vietnam agroforestry enterprises in the period of 2011–2014, GM is used to forecast the future values of these input and output variables for the 10 agroforestry enterprises in 2015 and 2016. Following the results of GM, the MPI is used to measure the performance of these enterprises. The MPI scores showed some enterprises will become more efficient, while others will become less efficient. The proposed model gives past–present–future insights in order for decision-makers to sustain agroforestry development in Vietnam. This hybrid approach can be applied to performance analysis of other industries as well. View Full-Text
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Wang, C.-N.; Lin, H.-S.; Hsu, H.-P.; Le, V.-T.; Lin, T.-F. Applying Data Envelopment Analysis and Grey Model for the Productivity Evaluation of Vietnamese Agroforestry Industry. Sustainability 2016, 8, 1139.
Wang C-N, Lin H-S, Hsu H-P, Le V-T, Lin T-F. Applying Data Envelopment Analysis and Grey Model for the Productivity Evaluation of Vietnamese Agroforestry Industry. Sustainability. 2016; 8(11):1139.Chicago/Turabian Style
Wang, Chia-Nan; Lin, Han-Sung; Hsu, Hsien-Pin; Le, Van-Tinh; Lin, Tsung-Fu. 2016. "Applying Data Envelopment Analysis and Grey Model for the Productivity Evaluation of Vietnamese Agroforestry Industry." Sustainability 8, no. 11: 1139.