Evaluating the Logistics Performance of G8 Nations Using Multi-Criteria Decision-Making Models
Journal Title: Journal of Intelligent Management Decision - Year 2024, Vol 3, Issue 3
Abstract
Logistics performance plays a pivotal role in fostering economic growth and enhancing global competitiveness. This study aims to evaluate the logistics performance of G8 nations through multi-criteria decision-making (MCDM) models. Standard Deviation (SD) has been applied to determine the weights of evaluation criteria, while the Alternative Ranking Order Method Accounting for Two-Step Normalization (AROMAN) has been employed to rank the countries based on their performance. The findings indicate that Timeliness emerges as the most critical factor influencing logistics efficiency. Among the G8 nations, Germany achieves the highest logistics performance, reflecting the robustness of its logistical infrastructure and operational efficiency. The results reinforce the premise that logistics performance is instrumental to both international trade and economic competitiveness. Nations demonstrating strong logistical capabilities are better positioned to excel in global markets, while those with underdeveloped logistics systems may face increased economic vulnerabilities. Enhancing logistical frameworks, including infrastructure and systems, is therefore essential for nations striving to improve their global standing. The insights presented underscore the importance of strategic investment in logistics infrastructure as a key policy instrument for enhancing economic resilience and international trade potential.
Authors and Affiliations
Ayse Topal, Alptekin Ulutaş
Keywords
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- EP ID EP752387
- DOI https://doi.org/10.56578/jimd030302
- Views 22
- Downloads 0
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