Spherical Fuzzy WASPAS-based Entropy Objective Weighting for International Payment Method Selection

In international trade,exporters prefer to receive payments as quickly as possible,and importers want to make payments as late as possible.In this respect,the payment field,an essential condition for trade transactions,also represents the positions of exporters and importers conflict.In addition,there are many cases in which various variables must be considered rather than only one specific variable representatively affecting payment,particularly in the case of import-export Small and Medium-Sized Enterprises(SMEs)from emerging countries.A selection of proper payment methods can be categorized as a Multi-Criteria Decision-Making(MCDM)issue.Therefore,this study aims to propose a novel and efficient Spherical Fuzzy Weighted Aggregated Sum Product Assessment based Entropy Objective Weighting method(SF-EW and WASPAS-SF)to evaluate international payment methods with uncertain information.First,SF-EW model is applied to determine the relative weights of critical factors.Second,international payment method alternatives are prioritized by the WASPAS-SF approach.Five essential factors for four international payment methods are proposed based on experts’opinions and the existing literature.A real-world case study from Vietnamese import-export SMEs is presented to validate the applicability of the proposed framework.The results indicated that“Characteristics of payment method(PA)”had the most significant impact on international payment method selection.In comparison,“Letters of Credit(L/C)”was the most reliable payment method with the highest ranking available to international traders.Furthermore,a sensitivity analysis was performed to examine the validity and robustness of the proposed decision support model.Consequently,this study could contribute to international payment services and in the context of globalization and international trade.

Assessing Asian Economies Renewable Energy Consumption Efficiency Using DEA with Undesirable Output

Along with vast non-fossil potential and significant expertise,there is a question of whether Asian nations are attaining efficient consumption and exploitation of renewable resources.From this perspective,the paper aims to evaluate the efficiency of 14 potential Asia countries in renewable energy consumption during the six-year periods(2014-2019).In analyzing the performance of the renewable energy sector,the data envelopment analysis(DEA)with an undesirable output model approach has been widely utilized to measure the efficiency of peer units compared with the best practice frontier.We consider four inputs and two outputs to a DEA-based efficiency model.Labor force,total energy consumption,share of renewable energy,and total renewable energy capacity are inputs.The outputs consist of CO_(2)emissions as an undesirable output and gross domestic product as a desirable output.The results show that United Arab Emirates,Saudi Arabia,Japan,and South Korea consistently outperform in the evaluation,achieving perfect efficiency scores during the research period.Uzbekistan is found to have the lowest average efficiency of renewable energy utilization.