Unlocking the potential of open innovation through understanding the interrelationship among key determinants of FDI attractiveness

Nguyen, Phi- Hung; Tran, Linh- Chi; Nguyen, Huu Bao- Doan; Thao, Thi Phuong- Ho; Anh, Quynh- Duong; Tran, Thi- Nhan

doi:10.1016/j.joitmc.2023.100021

Cited by 12 publications

(5 citation statements)

References 47 publications

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“…Notably, the Fuzzy DEMATEL approach utilizes the total-relation matrix to identify linkages between criteria and subcriteria, as well as causeand-effect relationships [68,69]. One of the key advantages of this method is its reliance on pairwise comparisons, enabling the consideration of relationships during the decisionmaking process [70,71].…”

Section: Fuzzy Dematel Methodsmentioning

confidence: 99%

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Enhancing Sustainability in Belize’s Ecotourism Sector: A Fuzzy Delphi and Fuzzy DEMATEL Investigation of Key Indicators

et al. 2023

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Sustainable ecotourism has become a strategy to balance tourism growth with environmental and sociocultural considerations. This study aims to propose an integrated approach of the Delphi technique and the decision-making trial and evaluation laboratory (DEMATEL) based on fuzzy set theory to investigate sustainable ecotourism indicators in Belize. The study covers six dimensions: environmental, social, cultural, economic, political, and intrinsic. Firstly, the Fuzzy Delphi technique constructs a comprehensive set of indicators with expert consensus, resulting in 51 relevant and representative indicators out of the initial 63. Secondly, the Fuzzy DEMATEL approach is then applied to analyze the interdependencies among indicators and identify their causal relationships, providing insights into the complex dynamics of sustainable ecotourism in Belize. The results provide a structured decision-making framework to prioritize actions, allocate resources effectively, and promote sustainable practices in the ecotourism sector. Therefore, these findings enhance the understanding of indicator interconnections across dimensions, enabling informed decision making for policymakers, industry practitioners, and researchers. Policymakers can develop policies and regulations that foster sustainable practices, while industry practitioners can enhance visitor experiences, engage with local communities, and ensure the industry’s long-term viability. Researchers can further investigate specific dimensions and indicators to advance the knowledge and implementation of sustainable ecotourism. Finally, this investigation supports the goal of achieving a harmonious and sustainable balance between tourism development and environmental preservation in Belize. By safeguarding the natural and cultural heritage of the region, sustainable ecotourism can benefit present and future generations.

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Section: Fuzzy Dematel Methodsmentioning

confidence: 99%

“…A sample size of 10 to 20 experts is generally considered sufficient to generate meaningful outcomes [53]. Nguyen et al [70] further highlighted that a Delphi group instills greater confidence when comprising at least 10 experts.…”

Section: Expert Panelmentioning

confidence: 99%

Enhancing Sustainability in Belize’s Ecotourism Sector: A Fuzzy Delphi and Fuzzy DEMATEL Investigation of Key Indicators

et al. 2023

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“…The SF-Delphi survey participants are not selected randomly; instead, they are carefully chosen based on their knowledge and experience in a specific field relevant to the research topic [75]. While there is no established rule for the panel size, it is generally believed that a larger panel will lead to more reliable group judgments [76,77]. It has been suggested that each area of expertise should have a minimum of 10 to 18 panel members [78,79].…”

Section: Expert Selectionmentioning

confidence: 99%

A Fully Completed Spherical Fuzzy Data-Driven Model for Analyzing Employee Satisfaction in Logistics Service Industry

Nguyen

2023

Mathematics

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This study proposes a two-stage MCDM model that combines Delphi and decision-making trial and evaluation laboratory methods based on spherical fuzzy sets (SF-Delphi and SF-DEMATEL) to analyze the motivation and demotivation factors affecting employee satisfaction in the Vietnamese logistics service industry. In the first stage, the SF-Delphi approach is used to gather expert opinions and develop consensus on the significance of criteria. In the second stage, the SF-DEMATEL technique explores causal linkages between the criteria and identifies root causes of the issues. Based on a comprehensive literature review and feedback from 40 experts, this study identified crucial factors affecting employee satisfaction related to both motivation and demotivation aspects. The findings of this study provide recommendations for managers to improve employee satisfaction, such as establishing clear and detailed wage and bonus rules, offering training courses, developing a positive work culture, recognizing employee efforts, and addressing poor treatment by supervisors and inadequate leadership support. Furthermore, the proposed model accurately identifies essential elements, represents uncertainty, adapts to various contexts, has resilience and accuracy, and has practical implications for mitigating demotivating factors and enhancing motivation, thereby positively influencing employee satisfaction in the logistics service industry.

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“…Fuzzy AHP Collaboration network partner selection with integration business, social, and environmental goals [16] Fuzzy AHP Evaluation of process of innovation-oriented knowledge under the open innovation paradigm [17] Fuzzy Delphi, Fuzzy DEMATEL, DANP Prioritizing and analyzing interrelationships among factors affecting Foreign Direct Investment attractiveness and open innovation [18] Fuzzy TOPSIS Ranking the indicators of open innovation adoption based on new product development factors [19] Fuzzy AHP, Fuzzy VIKOR Determination of an appropriate open innovation model for logistics firms [20] Delphi, Fuzzy ANP End-to-end analysis of an open innovation setup for determining a suitable innovation structure [21] ANP, PROMETHEE Ranking the moderating factors that have contributed to the degree of small and mid-size enterprises' participation in open innovation activities [22] DEMATEL Determination the best ranking of effective factors in open innovation success in manufacturing enterprises [23] AHP ISM Investigation mechanisms for improving supply chain open innovation networks [24] IT2F AHP Supporting the effective selection of partners for collaborative technological R&D projects [25] Analytic The paper introduces a hybrid MCDM model for OI partner selection that provides a systematic and structured approach that may facilitate the generation of relevant decision-making factors and an assessment of the relative importance of various decision-making elements.…”

Section: Research Focus Studiesmentioning

confidence: 99%

“…The IT2F aggregated pairwise matrix is obtained by applying Equations ( 17) and (18). To generate criteria weights from these relations, the geometric mean is computed by Equation (19).…”

Section: Criteria Weighting By the It2f Ahpmentioning

confidence: 99%

A Hybrid Fuzzy MCDM Approach to Open Innovation Partner Evaluation

et al. 2023

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Even though interest in open innovation (OI) both as a research field and as an industrial practice for creating competitively advantageous innovation through collaboration has grown exponentially over the last decades, the issue of how to transform OI strategy into a sustainable competitive advantage is still an open research question. Selecting partners capable of operationally and strategically contributing to the OI project goals is a strategic decision for companies striving to effectively implement the OI concept. The study is aimed at defining a structured and methodology-supported decision-making process for OI partner selection based on a novel hybrid Multi-Criteria Decision-Making (MCDM) model which is enhanced by interval type-2 fuzzy sets (IT2F) to deal with the inherent uncertainty. The model combines IT2F Delphi (IT2FD), IT2F Analytical Hierarchy Process (IT2F AHP), and IT2F Preference Ranking Organization METHod for Enrichment of Evaluations (IT2F PROMETHEE). The study provides a comprehensive framework of the OI partner performance indicators; additionally, it provides a contingent approach to identifying evaluation criteria depending on the nature of the company’s innovation processes, contextual conditions, and innovation strategy. The case study is used to verify the feasibility and effectiveness of the proposed process. The study’s results highlight the significance of specific factors related to the partners’ technological competencies.

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Unlocking the potential of open innovation through understanding the interrelationship among key determinants of FDI attractiveness

Cited by 12 publications

References 47 publications

Enhancing Sustainability in Belize’s Ecotourism Sector: A Fuzzy Delphi and Fuzzy DEMATEL Investigation of Key Indicators

Enhancing Sustainability in Belize’s Ecotourism Sector: A Fuzzy Delphi and Fuzzy DEMATEL Investigation of Key Indicators

A Fully Completed Spherical Fuzzy Data-Driven Model for Analyzing Employee Satisfaction in Logistics Service Industry

A Hybrid Fuzzy MCDM Approach to Open Innovation Partner Evaluation

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