A multi-criteria approach to the comparative analysis of the global innovation index on the example of the Western Balkan countries

Stojanović, Ilija; Puška, Adis; Selaković, Marko

doi:10.2478/eoik-2022-0019

Cited by 29 publications

(16 citation statements)

References 31 publications

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“…The third section of this study presents the steps to perform the CRADIS method. Although it has only been found for a short time, several studies ranking the solutions in various fields such as in the selection of agricultural machines [4], evaluating the effects of FDI (Foreign Direct Investments) on the sustainability of the economic system [5], ranking forty-six countries based on three criteria including energy, environment, and sustainability [6], evaluating the Global innovation index of the countries in the Western Balkans [7]. This method has also been improved into the fuzzy CRADIS method for ranking the pear varieties in Serbia [8] and for selecting green suppliers [9].…”

Section: Introductionmentioning

confidence: 99%

Selection of Suitable Data Normalization Method to Combine with the CRADIS Method for Making Multi-Criteria Decision

Hà¹

2023

Applied Engineering Letters

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Compromise Ranking of Alternatives from Distance to Ideal Solution (CRADIS) is a new MCDM method (discovered in 2022). It is built on a combination of three well-known methods, including Additive Ratio Assessment (ARAS), Measurement Alternatives and Ranking according to Compromise Solution (MARCOS), and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS). This method has the advantage of being resistant to the rank inversion phenomenon. However, if only the available data normalization (DN) method in this method is used, this method will only be usable in some cases. This study investigated the suitability of twelve data normalization methods combined with the CRADIS method. The solutions in four cases of four different fields were ranked using these twelve combination methods. Using these methods, the ranked results were compared with those of other MCDM methods. Four DN methods were appropriate in combination with the CRADIS method. The application scope of CRADIS method can be extended when using this DN method.

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Section: Introductionmentioning

confidence: 99%

Selection of Suitable Data Normalization Method to Combine with the CRADIS Method for Making Multi-Criteria Decision

Hà¹

2023

Applied Engineering Letters

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“…This allowed the method to be utilized for determining the weights of the criteria. Because determining the weights of the criteria is crucial for ranking the alternatives [65,66], the weight of each criterion was determined based on expert evaluations, which were obtained for ten different criteria, including economic and ecological factors, in the context of GSS selection.…”

Section: Discussionmentioning

confidence: 99%

A Fuzzy–Rough MCDM Approach for Selecting Green Suppliers in the Furniture Manufacturing Industry: A Case Study of Eco-Friendly Material Production

Zhou

Štilić²,

Stević

et al. 2023

Sustainability

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Green supplier selection is always one of the most important challenges in all of supply chain management, especially for production companies. The purpose is to have reliable suppliers which can fulfill all requests and be flexible in any supply chain stage. The aim of this paper is to create an adequate and strong MCDM (multicriteria decision making) model for the evaluation and selection of suppliers in a real environment. The main contribution of this study is proposing a novel fuzzy–rough MCDM model containing extension stepwise weight assessment ratio analysis (SWARA) and additive ratio assessment (ARAS) methods with fuzzy–rough numbers (FRN). The integrated FRN SWARA–FRN ARAS model was implemented in a case study of eco-friendly material production. The FRN SWARA method was used to calculate the weights of 10 green criteria, while using FRN ARAS, 6 suppliers were evaluated. The results of the applied model show that supplier S3 received the highest ranking, followed by supplier S2, while supplier S5 performed the poorest. In order to verify the strengths of the developed fuzzy–rough approach, we created a comparative analysis, sensitivity analysis, and dynamic matrix, which confirm the robustness of our model.

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“…Successful effort of Gulf Co-operation Council countries to build appropriate regulatory framework and support system might be a good example for the post-conflict countries integrated in similar forms of regional cooperations, such as Open Balkans countries: Republic of Serbia, Albania, and North Macedonia [40]. Such countries can increase their competitiveness and keep pace with the technological trends and developments [41], [16].…”

Section: Discussionmentioning

confidence: 99%

E-Business as Catalyst for Global Transformation of SMEs: A Middle East Perspective

Selaković,

Ljepava,

Tarabasz

et al. 2023

TEM Journal

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Small and medium enterprises (SMEs) are carriers of the economic development on local, regional, and national level. With high levels of flexibility, agility and adaptability, small and medium enterprises have the ability to transform and embrace new emerging technologies and opportunities. In the Industry 4.0 world, characterized by the intensive development and integration of digital solutions into all levels of operations, SMEs are among early adopters of such solutions. The purpose of the paper is to examine how small and medium enterprises in the Middle East are increasing their competitiveness, using innovative digital and e-business solutions as key transformative tools. Within the research, a systematic review of support ecosystem for development of the sector in the Middle East has been performed. Based on the systematic review and literature findings, the 5I framework, consisting of internationalization, innovation, integration, implementation, and intensifying, has been suggested as the model for transformative development of small and medium enterprises. In the future research, it is possible to examine how fast-growing economies that create supportive environment for the development of small and medium enterprises, simultaneously recognizing digital and e-business solutions as important pillar of increasing competitiveness and innovativeness, might benefit from successful implementation of 5I framework for successful global transformation.

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A multi-criteria approach to the comparative analysis of the global innovation index on the example of the Western Balkan countries

Cited by 29 publications

References 31 publications

Selection of Suitable Data Normalization Method to Combine with the CRADIS Method for Making Multi-Criteria Decision

Selection of Suitable Data Normalization Method to Combine with the CRADIS Method for Making Multi-Criteria Decision

A Fuzzy–Rough MCDM Approach for Selecting Green Suppliers in the Furniture Manufacturing Industry: A Case Study of Eco-Friendly Material Production

E-Business as Catalyst for Global Transformation of SMEs: A Middle East Perspective

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