Doing business abroad: utility function model for country selection in preliminary screening phase

Lucia Bosáková (), Matus Kubak (), Marek Andrejkovič () and Zuzana Hajduová ()

Central European Journal of Operations Research, 2015, vol. 23, issue 1, 53-68

Abstract: The paper presents the utility function model applicable within the first stage of starting a new business abroad. An applied auxiliary mathematical model was constructed to assist in the preliminary screening phase of the country selection process. The model is based on a comparison of countries according to utility function. This paper also illustrates a short example, where selected economic criteria serve as input data for determining the utility values of particular countries. The suggested model is parsimonious, easy to understand and, within the above mentioned context, potentially suitable for entrepreneurs from various economic sectors. Copyright Springer-Verlag Berlin Heidelberg 2015

Keywords: Doing business abroad; Country selection; Preliminary screening phase; Utility function model (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10100-013-0328-1 (text/html)
Access to full text is restricted to subscribers.

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:spr:cejnor:v:23:y:2015:i:1:p:53-68

Ordering information: This journal article can be ordered from
http://www.springer. ... search/journal/10100

DOI: 10.1007/s10100-013-0328-1

Access Statistics for this article

Central European Journal of Operations Research is currently edited by Ulrike Leopold-Wildburger

More articles in Central European Journal of Operations Research from Springer, Slovak Society for Operations Research, Hungarian Operational Research Society, Czech Society for Operations Research, Österr. Gesellschaft für Operations Research (ÖGOR), Slovenian Society Informatika - Section for Operational Research, Croatian Operational Research Society
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().