Economics and Business Review

Volume 5 (19) Number 4 pp. 49-69

Alptekin Ulutaş1, Çağatay Karaköy1

Sivas Cumhuriyet University, Faculty of Economics and Administrative Sciences, Department of International Trade and Logistics, Sivas, Turkey1

An analysis of the logistics performance index of EU countries with an integrated MCDM model

Abstract:

Countries can check the performance of their logistics’ activities to determine
their competitiveness in trade logistics. One way to check these performances
is to analyze the country’s LPI value in detail which is released by the WB every two
years. When calculating the LPI, six indicators (criteria) are taken into account. The
weights (importance level) of these criteria are important for countries which would
like to focus more on the most important criteria and move their ranking up in the
LPI list. However the WB takes into account indicators (criteria) weights equally when
calculating LPI values. In order to overcome this problem some studies have used subjective
weighting methods and others have used objective weighting methods. Both
methods have advantages and disadvantages. The aim of this study is to integrate two
weighting methods (subjective (SWARA) and objective (CRITIC)) in determining the
weights of criteria in order to balance the two weighting methods. Unlike other studies
in the literature this study combines two weighting methods. Additionally the PIV
method, which is seldom used to address any MCDM problem, is used in this study
and a new integrated MCDM model is introduced to literature. In this respect this
study contributes to the literature.

pub/2019_4_49.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume19/issue4/2019_4_49.pdf
Keywords: CRITIC, SWARA, PIV, MCDM, LPI, logistics, performance

DOI: 10.18559/ebr.2019.4.3

For citation:

MLA Ulutaş, Alptekin, and Çağatay Karaköy. "An analysis of the logistics performance index of EU countries with an integrated MCDM model ." Economics and Business Review EBR 19.4 (2019): 49-69. DOI: 10.18559/ebr.2019.4.3
APA Ulutaş1, A., & Karaköy2, . (2019). An analysis of the logistics performance index of EU countries with an integrated MCDM model . Economics and Business Review EBR 19(4), 49-69 DOI: 10.18559/ebr.2019.4.3
ISO 690 ULUTAş, Alptekin, KARAKöY, Çağatay. An analysis of the logistics performance index of EU countries with an integrated MCDM model . Economics and Business Review EBR, 2019, 19.4: 49-69. DOI: 10.18559/ebr.2019.4.3