The Ship Management Firm Selection: The Case of South Korea

Young Joon Seo, Min Ho Ha, Zaili Yang, Syamantak Bhattacharya

Research output: Contribution to journalArticle

Abstract

Although extant literature has stressed importance of the use of ship management and identified the selection factors, relative evaluation of comprehensive selection factors is found to be lacking. This study aims to evaluate the overall performance and rank of the ship management firms by adopting an integrated model of Analytic Hierarchy Process (AHP) and Fuzzy Technique for Order Preference by Similarity to Ideal Solution (FTOPSIS) in order to support the critical decision making on SMF selection based on multiple criteria. This study contributes to enhancing the selection criteria of ship management firms by the ship-owners, and at the same time identifies the
areas that the ship management firms require to improve their service standards. The result indicates that competency is the most important criterion, followed by cost, courtesy, organisation characteristics and image.
Original languageEnglish
Pages (from-to)256-265
Number of pages10
JournalThe Asian Journal of Shipping and Logistics
Volume34
Issue number3
Publication statusPublished - 30 Aug 2018

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Ship
South Korea
Factors
Owners
Analytic hierarchy process
Multiple criteria
Decision making
Selection criteria
Costs
Integrated model
Evaluation
Competency

Cite this

Seo, Young Joon ; Ha, Min Ho ; Yang, Zaili ; Bhattacharya, Syamantak. / The Ship Management Firm Selection: The Case of South Korea. In: The Asian Journal of Shipping and Logistics. 2018 ; Vol. 34, No. 3. pp. 256-265.
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The Ship Management Firm Selection: The Case of South Korea. / Seo, Young Joon; Ha, Min Ho; Yang, Zaili; Bhattacharya, Syamantak.

In: The Asian Journal of Shipping and Logistics, Vol. 34, No. 3, 30.08.2018, p. 256-265.

Research output: Contribution to journalArticle

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