International Journal of Neutrosophic Science
IJNS
2690-6805
2692-6148
10.54216/IJNS
https://www.americaspg.com/journals/show/2035
2020
2020
A New Hybrid Neutrosophic Multi-Criteria Decision Methodology Model for Ranking Risks in International Business Administration
Management Department, Applied College, Jazan University, Jazan, KSA
Ather Abdulrahman
Ageeli
Due to the complexity and unpredictability of today's globalized business world, managing an international business administration (IBAS) is not without its share of risks. The necessity of efficient risk management in international business administrations is highlighted, and a summary of the main hazards that companies encounter when doing business across borders is provided in this paper. The political, economic, legal, cultural, operational, financial, compliance, competitive, environmental, sustainability, and cybersecurity risks are identified and categorized in the paper as the most significant risks in international company administrations. It stresses how important it is to recognize and manage these threats to international corporate success and longevity. This article examines the effects of political risks on international commerce, including political instability, changes in government policy, and trade barriers. It draws attention to economic risks that might have an impact on pricing, profitability, and financial performance, such as swings in exchange rates, inflation, and economic instability. This work applied the neutrosophic set with multi-criteria decision-making (MCDM) models to rank the risks in IBAS. This paper used the neutrosophic MABAC and neutrosophic COPRAS methods to rank these risks. These methods are compared with the PROMETHEE method. The results show the suggested technique is an effective model to deal with this kind of problem.
2023
2023
31
44
10.54216/IJNS.220103
https://www.americaspg.com/articleinfo/21/show/2035