Vol. 12 No. 1 (2024): Business & Management Studies: An International Journal
Articles

Measuring the logistics performance of G20 countries with a hybrid MCDM model

Ebru Acar Akbulut
Master of Education, Sivas, Türkiye
Alptekin Ulutaş
Assoc. Prof., İnönü Üniversitesi, Malatya, Türkiye
Ali Aygün Yürüyen
Lect.., Ardahan Üniversitesi, Ardahan, Türkiye
Saime Balalan
Master of Education, İnönü Üniversitesi, Malatya, Türkiye

Published 2024-03-25

Keywords

  • Lojistik Performans, ÇKKV, LPI, SD, PSI, MEREC, MARA
  • Logistics Performance, MCDM, LPI, SD, PSI, MEREC, MARA

How to Cite

Acar Akbulut, E., Ulutaş, A., Yürüyen, A. A., & Balalan, S. (2024). Measuring the logistics performance of G20 countries with a hybrid MCDM model . Business & Management Studies: An International Journal, 12(1), 1–21. https://doi.org/10.15295/bmij.v12i1.2300

Abstract

Logistics is a system for creating a management decision to store a product or strategically control its flows within a certain plan to maximize investment profit. The Logistics Performance Index (LPI) is very important for countries to determine the situation in the field of logistics and to determine the areas that need improvement. This article evaluates the logistics performance of G20 countries with Multi-criteria decision-making (MCDM) methods. The data utilised in the study were taken from the LPI report published by the World Bank in 2018. MCDM methods can be used in any field where performance measurement and ranking are needed to select the best-performing alternative or the desired target. The MCDM methods used in the study have not been used together in any previous study. Therefore, this study is original. The study used three different methods (SD, PSI and MEREC) to evaluate the criteria weights. It is thought that more precise and reliable results can be obtained using these three methods together.

In the study, the MARA (Magnitude of the Area for the Ranking of Alternatives) method, seldom used in the literature, was used to rank the alternatives. There are no Turkish publications in the literature using the MARA method. The study aims to fill this gap in the literature. Germany was determined as the best-performing alternative in line with the methods applied and the results acquired.

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