A Comprehensive Model for Calculating the LPI Index of Key Transport Corridors in Serbia
Journal Title: Journal of Operational and Strategic Analytics - Year 2024, Vol 2, Issue 3
Abstract
The Logistics Performance Index (LPI) represents a tool developed by the World Bank that is used to measure the efficiency and effectiveness of a country’s logistics sector, and comprises of six components. This indicator is used to compare the logistics performance of different countries, identify challenges in global supply chains, and help policymakers improve their logistics infrastructure and service quality. Given the importance of this indicator, every country aims to achieve a higher LPI score and, consequently, a more favorable ranking. The objective of this paper is to propose a new methodology for calculating the LPI score for transport routes. To validate the proposed methodology, the study analyzes seven cases involving import and export flows from Serbia. Based on the results, the analysis identifies which transport routes achieve the highest scores and which require specific preventive and corrective actions to improve their performance.
Authors and Affiliations
Nevena Garić, Vukašin Pajić, Milan Andrejić
Keywords
Related Articles
- EP ID EP752328
- DOI https://doi.org/10.56578/josa020304
- Views 30
- Downloads 0
Aczel-Alsina Aggregation Operators on Spherical Fuzzy Rough Set and Their Application Section of Solar Panel
The Spherical fuzzy rough set (SFRS), which is based on approximations and is handled in this work, is a key idea for handling uncertainty when data is taken from real-world situations. The most adaptable operational law...
Multiscale Partial Correlation Analysis of Tehran Stock Market Indices: Clustering and Inter-Index Relationships
This study delves into the intricate relationships among returns of diverse indices within the Tehran stock market, employing both Pearson and partial correlation coefficients as analytical tools. Utilizing monthly data...
Ergonomic Performance Evaluation in Türkiye’s Metal Industry: Occupational Health and Safety Indicators Through VIKOR Methodology
In the quest to reduce occupational accidents and diseases, the ergonomic performance levels of industries remain pivotal. Within this context, the metal industry in Türkiye, notorious for ergonomic challenges, was scrut...
Stock Portfolio Optimization Using Pythagorean Fuzzy Numbers
Linear programming problems (LPP) have been widely used to address real-world problems, including the stock portfolio problem. In this study, an approach is proposed that incorporates Pythagorean fuzzy numbers (PFN) in t...
Does Organizational Performance Increase with Innovation and Strategic Planning?
In today's rapidly changing economic environment, the success of organizations is largely determined by their organizational efficiency. The impact of innovation and strategic planning on organizational performance is th...