IDEAS home Printed from https://ideas.repec.org/a/ids/ijmdma/v24y2025i3p209-235.html
   My bibliography  Save this article

Using Malmquist and epsilon-based data envelopment analysis to assess the performance efficiency of pharmaceutical manufacturers

Author

Listed:
  • Hoang-Phu Nguyen
  • Thi-Ha Thai
  • Chia-Nan Wang

Abstract

The pharmaceutical industry in Vietnam has seen significant growth, but many components require significant capacity investment. Consumers now prefer pharmacies that comply with good pharmaceutical practice standards over unlicensed outlets, leading to increased competition for market share. This study aims to develop a comprehensive framework for assessing the efficiency of pharmaceutical manufacturers, focusing on performance evaluation of companies. A hybrid approach using DEA Malmquist and EBM methods was applied to 12 pharmaceutical companies in Vietnam from 2017 to 2020. The study focuses on the technical and technological components of pharmaceutical enterprises, offering customised insights and actionable knowledge. The study introduces an innovative evaluation approach, including proportional adjustments of inputs/outputs and accounting for slacks, providing a comprehensive evaluation of efficiency and inefficiency within decision-making units (DMUs). This comprehensive method offers insights for benchmarking, strategic planning, and decision-making, contributing to the industry's sustainability journey and influencing the development of pharmacological systems.

Suggested Citation

  • Hoang-Phu Nguyen & Thi-Ha Thai & Chia-Nan Wang, 2025. "Using Malmquist and epsilon-based data envelopment analysis to assess the performance efficiency of pharmaceutical manufacturers," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 24(3), pages 209-235.
    • Handle: RePEc:ids:ijmdma:v:24:y:2025:i:3:p:209-235
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=145898
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmdma:v:24:y:2025:i:3:p:209-235. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=19 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.