Foreign Country Selection for Business Location

Abstract

Since, I had to detect the best business location between foreign countries, I utilized the SAW, TOPSIS, and VIKOR methods separately, and compared the results. Initially, as a decision-maker, I endeavored to determine the alternatives, criteria, and weights for some methods. The attributes were recognized via online research. Unlike the attributes, the alternative selection process is based on survey results. The survey was conducted among 30 people to define the options. The survey covered four continents: Europe, North America, South America, and Asia. Simultaneously, there were nine countries available in each region for voting. Surveyors voted on two options for each region, and data was gathered. For the decision analysis, the two options with the most votes from each region were chosen.

As a result, as a decision maker, I had access to details that aided in the selection of the optimal alternative, which we recognized as a natural state. Subsequently, in order to, obtain these components, I searched the internet for resources. Moreover, the importance of the criteria noted as weights and calculated. The entire calculation process and all relevant indicators are calculated.

The content provides actionable personal and business decisions. There are several possible locations to launch a business. However, it is not a simple process to commence in the right place. If you make the wrong decision, the consequence will be less profit or bankruptcy. That’s why this material is crucial and will assist in making the right decision