Foreign Market Selection of Suppliers Through a Novel Ref-Sort Technique

dc.authorid Aytekin, Ahmet/0000-0002-1536-7097
dc.authorid Pamucar, Dragan/0000-0001-8522-1942
dc.authorid Karamaşa, Çağlar/0000-0003-2454-1824
dc.authorid Ecer, Fatih/0000-0002-6174-3241;
dc.authorwosid Aytekin, Ahmet/AAG-1900-2019
dc.authorwosid Pamucar, Dragan/AAG-8288-2019
dc.authorwosid Karamaşa, Çağlar/HKN-7862-2023
dc.authorwosid Ecer, Fatih/AAE-8455-2020
dc.authorwosid Gorcun, Omer Faruk/ADF-0541-2022
dc.contributor.author Aytekin, Ahmet
dc.contributor.author Görçün, Ömer Faruk
dc.contributor.author Gorcun, Omer Faruk
dc.contributor.author Ecer, Fatih
dc.contributor.author Pamucar, Dragan
dc.contributor.author Karamasa, Caglar
dc.contributor.other Business Administration
dc.date.accessioned 2023-10-19T15:11:45Z
dc.date.available 2023-10-19T15:11:45Z
dc.date.issued 2022
dc.department-temp [Aytekin, Ahmet] Artvin Coruh Univ, Hopa Fac Econ & Adm Sci, Dept Business Adm, Artvin, Turkey; [Gorcun, Omer Faruk] Kadir Has Univ, Dept Business Adm, Istanbul, Turkey; [Ecer, Fatih] Afyon Kocatepe Univ, Dept Business Adm, Afyon, Turkey; [Pamucar, Dragan] Univ Belgrade, Fac Org Sci, Dept Operat Res & Stat, Belgrade, Serbia; [Karamasa, Caglar] Anadolu Univ, Fac Business, Dept Business Adm, Eskisehir, Turkey en_US
dc.description.abstract Purpose The present study aims to provide a practical and robust assessment technique for assessing countries' investability in global supply chains to practitioners. Thus, the proposed approach can help decision-makers evaluate and select appropriate countries in the expansion process of the global supply chains and reduce risks concerning country (market) selection. Design/methodology/approach The present study proposes a novel decision-making approach, namely the REF-Sort technique. The proposed approach has many valuable contributions to the literature. First, it has an efficient basic algorithm and can be applied to solve highly complicated decision-making problems without requiring advanced mathematical knowledge. Besides, some characteristics differentiate REF-Sort apart from other techniques. REF-Sort employs the value or value range that reflects the most typical characteristic of the relevant class in assignment processes. The reference values in REF-Sort and center profiles are similar in this regard. On the other hand, class references can be defined as ranges in REF-Sort. Secondary values, called successors, can also be employed to assign a value to the appropriate class. REF-Sort can also determine the reference and successor values/ranges independently of the decision matrix. In addition, the proposed model is a maximally stable and consistent decision-making tool, as it is resistant to the rank reversal problem. Findings The current papers' findings indicate that countries have different features concerning investment. Hence, the current paper pointed out that only 22% of the 95 countries are investable, whereas 19% are risky. Thus, decision-makers should make detailed evaluations using robust, powerful, and practical decision-making tools to make more reasonable and logical decisions concerning country selection. Originality/value The current paper proposes a novel decision-making approach to evaluate. According to the authors' information, the proposed model has been applied to evaluate investable countries for the global supply chains for the first time. en_US
dc.identifier.citationcount 4
dc.identifier.doi 10.1108/K-03-2022-0459 en_US
dc.identifier.issn 0368-492X
dc.identifier.issn 1758-7883
dc.identifier.scopusquality Q1
dc.identifier.uri https://doi.org/10.1108/K-03-2022-0459
dc.identifier.uri https://hdl.handle.net/20.500.12469/5203
dc.identifier.wos WOS:000834582800001 en_US
dc.khas 20231019-WoS en_US
dc.language.iso en en_US
dc.publisher Emerald Group Publishing Ltd en_US
dc.relation.ispartof Kybernetes en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.subject Developing-Countries
dc.subject Enterprise
dc.subject Productivity
dc.subject Innovation
dc.subject Developing-Countries En_Us
dc.subject Enterprise En_Us
dc.subject Environment
dc.subject Productivity En_Us
dc.subject Criteria
dc.subject Innovation En_Us
dc.subject Environment En_Us
dc.subject Finance
dc.subject Criteria En_Us
dc.subject Africa
dc.subject Sustainable supply chain en_US
dc.subject Finance En_Us
dc.subject Foreign market selection en_US
dc.subject REF-Sort en_US
dc.subject Africa En_Us
dc.subject Supply chain risks en_US
dc.subject System
dc.subject Enterprise survey en_US
dc.subject System En_Us
dc.subject Global supply chain en_US
dc.title Foreign Market Selection of Suppliers Through a Novel Ref-Sort Technique en_US
dc.type Article en_US
dc.wos.citedbyCount 6
dspace.entity.type Publication
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