Integrated assessment of export performance in chemical industries by multivariate approach Online publication date: Thu, 30-Nov-2006
by Ali Azadeh, G.H. Ataei
International Journal of Productivity and Quality Management (IJPQM), Vol. 2, No. 1, 2007
Abstract: This paper presents a framework for integrated assessment of export performance in chemical industries. The integrated approach discussed in this paper is based on Principal Component Analysis (PCA). The validity of the model is verified and validated by Numerical Taxonomy (NT) approach. The integrated assessment is influenced by such shaping factors as export value, production value, export growth, R&D expenditure and value added. Eleven developed and developing countries were selected and their total export performance were assessed and analysed by PCA in two major chemical industries which are: 1) plastics in primary forms and synthetic rubber and 2) pharmaceuticals and medicinal chemicals. The results of PCA show the weak and strong points of each country concerning export performance. This paper presents a unique standard methodology for assessment of chemical industries based export activities which would help managers to have better understanding and improve existing systems with respect to export performance.
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