Open AccessUsing a Mathematical Model to Evaluate Pharmaceutical Companies’ Performance in Vietnam
Author(s) -
Le Tien Muoi,
Wang Chia Nan,
Nguyen Han Khanh,
Huynh Cong Danh
Publication year - 2021
Publication title -
xi'nan jiaotong daxue xuebao
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 21
ISSN - 0258-2724
DOI - 10.35741/issn.0258-2724.56.1.12
Subject(s) - business , productivity , data envelopment analysis , health care , process (computing) , work (physics) , business model , index (typography) , service (business) , industrial organization , marketing , computer science , economics , economic growth , engineering , mechanical engineering , mathematical optimization , mathematics , world wide web , operating system
Today, the health industry is known as a human healthcare service required to develop the economy ensuring life and health for people of each country. Applications of science and technology to create tools, equipment, and drugs always focus on applying a lot to healthcare and getting top priority. Therefore, the health sector always has the most important role in providing community health, treating diseases, ensuring life, and maintaining human health to study and work. Besides, the health sector contributes a lot to the socio-economic development of each country. In this study, the authors use data on pharmaceutical enterprises' business situation in 2012-2017 to process, analyze and evaluate the business performance of all these businesses from 2012 through 2017 by using the Malmquist productivity index model of data envelopment analysis. This study has achieved positive results and high applicability; the authors used specific indexes to evaluate the efficiency of use and changes in technique and technology at pharmaceutical companies, which helps managers have both broad and detailed insights into the production and business activities of these enterprises.