Evaluating Free Zone Industrial Plant Proposals Using a Combined Full Consistency Method-Grey-CoCoSo Model
Journal Title: Journal of Industrial Intelligence - Year 2023, Vol 1, Issue 2
Abstract
Libya's strategic position at the crossroads of Europe and Africa offers access to abundant raw materials, labor, and extensive land for establishing free trade zones. The primary objective of this research is to determine the key advantages and opportunities that Libya could potentially leverage as a transit trade hub in the Mediterranean region through the establishment of free trade zones. This study investigates the extent to which Libya facilitates the expansion of commerce between Europe and Africa via initiatives related to free trade zones. Six criteria were employed in the present research, including economic, social, financial, environmental, quality, and demand factors. A panel of experts evaluated these criteria. The Full Consistency Method (FUCOM) was utilized to derive the criteria weights, with the economic criterion identified as the most significant. The Grey-CoCoSo (Combined Compromise Solution) methodology was applied to rank the industries eligible for investment within Libya's free zones. According to the findings, the food sector holds the highest importance in relation to investment.
Authors and Affiliations
Ibrahim Badi, Željko Stević, Mouhamed Bayane Bouraima
Keywords
Related Articles
- EP ID EP732421
- DOI 10.56578/jii010203
- Views 58
- Downloads 0
Optimization of Magnetically Coupled Resonant Wireless Power Transfer Based on Improved Whale Optimization Algorithm
This study aimed to address the optimization of magnetically coupled resonant wireless power transfer. An equivalent circuit for the wireless power transfer was established and the factors affecting the transmission effi...
Challenges and Opportunities in Implementing Smart Grid Technologies in Kurdistan: A Comprehensive Review
The increasing demand for electricity, coupled with the limitations of centralised power generation, has necessitated the transition towards smart grid technologies as a critical evolution of traditional power systems. T...
Text Readability Evaluation in Higher Education Using CNNs
The paramountcy of English in the contemporary global landscape necessitates the enhancement of English language proficiency, especially in academic settings. This study addresses the disparate levels of English proficie...
Material Impact on Performance of Suction Cups: A Finite Element Analysis
The pivotal role of suction cup handling systems within various industrial and commercial applications, notably in the lifting and manoeuvring of glass window panels and the secure retention of specimens, is underscored...
Lifetime Extension of Wireless Sensor Networks by Perceptive Selection of Cluster Head Using K-Means and Einstein Weighted Averaging Aggregation Operator under Uncertainty
In the realm of Wireless Sensor Networks (WSNs), energy efficiency emerges as a paramount concern due to the inherent limitations in the energy capacity of sensor nodes. The extension of network lifespan is critically de...