SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS

Aytaç Yıldız; Ahmet Özbek

SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS

Abstract

Export provides foreign exchange inflow and reduces unemployment and is, therefore, an important field of economic activity promoted by every country. Turkey is the sixth-largest exporter in the socks industry, which is a strategic export product. In this context, it wants to take first place by increasing its export volume. For this, it must choose the markets which will export well. However, there are many criteria that are effective in selecting the export market place and are independent of exporting countries. It is beneficial to use multi-criteria decision-making (MCDM) methods in the solution of such problems. The aim of this study is to select the most suitable export market to increase Turkey’s socks export volume. Firstly, a survey of export market selection criteria is developed based on a literature review. The survey is completed by export specialists of socks exporting companies in Turkey to determine the most important criteria in the selection of socks export markets. Afterward, between 2014-2018 criterion data of the top 11 countries accounting for 70 percent of the world's total socks imports are derived from the Trade Map Database. 2020 values were obtained using regression analysis. TOPSIS (Technique for Order-Preference by Similarity to Ideal Solution), GRA (Grey Relational Analysis) and ANP (Analytical Network Process) methods are used to evaluate the alternative socks export markets. Sensitivity analysis is performed using TOPSIS, GRA and ANP data. The results are compared to select the best export market for the Turkish socks industry.

Keywords

References

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Details

Primary Language

English

Subjects

Engineering

Journal Section

Research Article

Authors

Aytaç Yıldız This is me
0000-0002-0729-633X
Türkiye

Ahmet Özbek This is me
0000-0001-5015-8082
Türkiye

Publication Date

June 1, 2021

Submission Date

December 4, 2019

Acceptance Date

March 4, 2020

Published in Issue

Year 2020 Volume: 38 Number: 2

IZ

https://izlik.org/JA95JC69PN

Cite

RIS / Bibtex

APA

Yıldız, A., & Özbek, A. (2021). SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS. Sigma Journal of Engineering and Natural Sciences, 38(2), 795-815. https://izlik.org/JA95JC69PN

AMA

1.Yıldız A, Özbek A. SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS. SIGMA. 2021;38(2):795-815. https://izlik.org/JA95JC69PN

Chicago

Yıldız, Aytaç, and Ahmet Özbek. 2021. “SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS”. Sigma Journal of Engineering and Natural Sciences 38 (2): 795-815. https://izlik.org/JA95JC69PN.

EndNote

Yıldız A, Özbek A (June 1, 2021) SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS. Sigma Journal of Engineering and Natural Sciences 38 2 795–815.

IEEE

[1]A. Yıldız and A. Özbek, “SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS”, SIGMA, vol. 38, no. 2, pp. 795–815, June 2021, [Online]. Available: https://izlik.org/JA95JC69PN

ISNAD

Yıldız, Aytaç - Özbek, Ahmet. “SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS”. Sigma Journal of Engineering and Natural Sciences 38/2 (June 1, 2021): 795-815. https://izlik.org/JA95JC69PN.

JAMA

1.Yıldız A, Özbek A. SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS. SIGMA. 2021;38:795–815.

MLA

Yıldız, Aytaç, and Ahmet Özbek. “SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS”. Sigma Journal of Engineering and Natural Sciences, vol. 38, no. 2, June 2021, pp. 795-1, https://izlik.org/JA95JC69PN.

Vancouver

1.Aytaç Yıldız, Ahmet Özbek. SELECTION OF SOCKS EXPORT MARKETS FOR TURKEY USING MULTI-CRITERIA DECISION MAKING METHODS. SIGMA [Internet]. 2021 Jun. 1;38(2):795-81. Available from: https://izlik.org/JA95JC69PN