Delphi, Entropy and TOPSIS Analysis of Political, Economic and Cultural Characteristics that Affect Textile and Apparel Industry.Journal: World Academic Journal of Business & Applied Sciences (WAJBAS) (Vol.1, No. 2)
Publication Date: 2013-05-14
Authors : Akyene Tetteh;
Page : 1-17
Keywords : Delphi Method; Entropy; TOPSIS; Textile and Apparel; Political; Economic and Cultural Characteristics.;
Textiles and apparel industry sprung up industrialization but political system, economic system and cultural environment characteristics may affect its survival positively or negatively. This paper uses Delphi Method for forecasting in a different fashion to analyze some characteristics of political system, economic system and cultural environment to ascertain how they affect the textiles and apparel industry. The Delphi method exercise in this paper consists of 3 steps and 2 questionnaires format coupled with analysis and consensus. The paper further employed two multiple criteria decision making methods Entropy and TOPSIS to analyze the Delphi result. It was realized that political system dummy is economic system but not cultural environment. The textiles and apparel industry suffers negatively/positively if government disarray/array the political system which intend affect the economic system negatively/positively but does not affect the cultural environment. The textiles and apparel industry can fuse their cultural practice into their company strategy for efficient and effective productivity.
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Last modified: 2013-05-14 11:02:35