2020
DOI: 10.15376/biores.15.1.1419-1429
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Evaluation of forest products trade economic contribution by entropy-TOPSIS: Case study of Turkey

Abstract: The forest products industry is one of the most powerful industry branches of Turkey, and as in other developing countries, Turkey has a persistent trade deficit. The present paper aims to evaluate the forest industry products of Turkey regarding their economic contribution by Entropy-TOPSIS, which is a hybrid multicriteria decision making method. The evaluation was done to specify the products which will be able to create currency inflow most for reducing the trade deficit and help economic development. Accor… Show more

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Cited by 14 publications
(12 citation statements)
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“…Entropy is a measure of the system uncertainty. The greater entropy means more chaotic system and less information [28]. Suppose the system locates in n states, the probability of each state is set as P i (i = 1 → n) .…”
Section: Entropy Weight Methodsmentioning
confidence: 99%
“…Entropy is a measure of the system uncertainty. The greater entropy means more chaotic system and less information [28]. Suppose the system locates in n states, the probability of each state is set as P i (i = 1 → n) .…”
Section: Entropy Weight Methodsmentioning
confidence: 99%
“…The Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) is a multiple-criteria decision-making (MCDM) method proposed by Hwang and Yoon [54]. TOPSIS provides reliable decision-making in multiple fields, such as business and marketing management [55,56], energy management [57,58], land use [59], and air quality [60]. The weighting method includes a subjective weighting method and an objective weighting method.…”
Section: Entropy-topsismentioning
confidence: 99%
“…Even though the authorities took swift and comprehensive fiscal, monetary and financial measures to control the economic impact of COVID-19, important sectors remain vulnerable to COVID-19 related economic strains (World Bank, 2020; EDAM, 2020). One of the driving industries of Turkish economy, forest products (FP) industry is of great importance amongst other manufacturing industry branches (Bayram, 2020). In the Turkish FP industry, employers range from very small firms to large international firms, and enterprises can be located in both developed regions and rural areas (Gedik et al, 2016).…”
Section: Introductionmentioning
confidence: 99%