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

Ju Mali (), Mirović Ivan (), Petrović Vesna (), Erceg Živko () and Stević Željko ()
Additional contact information
Ju Mali: School of Economics and Management, Shihezi University, Shihezi, China
Mirović Ivan: Faculty of Business Economics, University of East Sarajevo, Bijeljina, Bosnia and Herzegovina
Petrović Vesna: Faculty of Business Economics, University of East Sarajevo, Bijeljina, Bosnia and Herzegovina
Erceg Živko: Faculty of Transport and Traffic Engineering, University of East Sarajevo, Doboj, Bosnia and Herzegovina
Stević Željko: School of Industrial Management Engineering, Korea University, Seoul, Korea

Economics - The Open-Access, Open-Assessment Journal, 2024, vol. 18, issue 1, 15

Abstract: The 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.

Keywords: logistics performance index; Fuzzy ROV method; EU; logistics (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/econ-2022-0074 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:econoa:v:18:y:2024:i:1:p:15:n:1020

DOI: 10.1515/econ-2022-0074

Access Statistics for this article

Economics - The Open-Access, Open-Assessment Journal is currently edited by Katharine Rockett

More articles in Economics - The Open-Access, Open-Assessment Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().