A Novel Approach for the Assessment of Logistics Performance Index of EU Countries

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dc.citation.spage20220074
dc.citation.volume18
dc.contributor.authorJu, Mali
dc.contributor.authorMirović, Ivan
dc.contributor.authorPetrović, Vesna
dc.contributor.authorErceg, Živko
dc.contributor.authorStević, Željko
dc.date.accessioned2024-11-14T13:29:50Z
dc.date.available2024-11-14T13:29:50Z
dc.date.issued2024
dc.description.abstractThe impact of logistics performance in the era of sustainable mobility on the overall economic development of a country is inevitable. It can even be said to represent an extremely important component in identifying economic conditions and provides the possibility of defining adequate strategies. In this article, the evaluation of the member countries of the European Union was carried out on the basis of the logistics performance index (LPI) according to the latest report of the World Bank (WB). A unique and original Multiple-Criteria Decision Making (MCDM) approach has been created, and it involves the application of four methods: Criteria Importance Through Intercriteria Correlation, Method based on the Removal Effects of Criteria, and Entropy and Fuzzy ROV (Range of Value). The weighting coefficients of six factors were obtained with the first three methods in crisp form, so they were converted into Triangular Fuzzy Number. The Fuzzy ROV method has been created for the first time in the literature and represents a great contribution from the methodological aspect. The results of the developed model and the applied steps show that there are certain differences in the rankings compared to the World Bank report, with a note that the best-ranked countries have maintained their positions. In addition, verification tests of the originally obtained results were created, with an emphasis on the importance of evaluation parameter values and their impact on the LPI ranking.
dc.identifier.doi10.1515/econ-2022-0074
dc.identifier.urihttps://vaseljena.ues.rs.ba/handle/123456789/1303
dc.language.isoen
dc.publisherDe Gruyter
dc.sourceEconomics
dc.subjectlogistics performance index, Fuzzy ROV method, EU, logistics
dc.titleA Novel Approach for the Assessment of Logistics Performance Index of EU Countries
dc.typeArticle
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Саобраћајни факултет [Научни радови] / Faculty of Transport and Traffic Engineering [Scientific papers]