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Forecasting sporadic demand can be considered as one of the biggest challenges in supply chain management. It is very difficult to forecast the sporadic demand because of the irregularities present in this type of dataset. This ultimately reduces the overall supply chain performance. Traditional methods used to forecast sporadic demand include Simp...
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Due to the increasing popularity of cost-based outsourcing and growing stakeholder concern about environmental, social, and technological issues, supply chain sustainability is vital in both developed and emerging economies. Bangladesh is an emerging economy and wood industry of Bangladesh is suffering from severe sustainability issues besides its...
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The process of globalization forces market changes in the form of intense competition. Economies can survive by getting competitive advantage in the global market through developing innovation. The main target of this empirical research is to discover the most important innovation components that constitute structure of the global innovation index (GII) and judge their influence in emerging BRICS economies. Innovation process is discussed on the grounds of GII ranking scores accumulated from 2011 to 2021. The research outcome of the Principal Component Analysis adopted nine components that represent seven dimensions. Extracted components are further used in the regression analysis to establish a multiple linear regression (MLR) equation for predicting the GII score used in the overall ranking. Derived regression solution introduced valuable MLR results with high coefficient of determination where 98.2% of the GII values are explained by the extracted components. The dominant effects on GII are attained in innovation components that include general infrastructure and knowledge workers. Moreover, comparison analysis of the actual and computed GII scores illustrated 99.1% overlap between the two values. Evaluated results of the PCA-MLR analysis serve to investigate the success in developing innovation performances in emerging economies by comparing innovation index accomplished by BRICS.
