An Application of Grey System Theory and DEA in Strategic Alliance in Vietnamese Agricultural Industry

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Thanh-Tuyen Tran, An Application of Grey System Theory and DEA in Strategic Alliance in Vietnamese Agricultural Industry, Int. J. Anal. Appl., 16 (6) (2018), 921-948.

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Thanh-Tuyen Tran

Abstract

Collaboration is at the heart of every business success [1]. Indeed, every aspect of a business is dependent on a partnership one way or another. However, successful partnerships require a lot of factors and efforts from both sides in order to assure the necessary cooperation needed to harness the respective potency of each partner ([2]; [3]; [4]). Therefore, this study aims to develop tools which are Grey Theory and DEA models generate the effectiveness of enterprises in Vietnamese agricultural industry then offer an effective way to figure out the most suitable strategic partners. The most influenced enterprises are selected to collect realistic data from financial reports of Vietnam issued stock market in four consecutive ï¬nancial years. The targeted decision making unit (DMU) has some potential partner for collaboration in the future, but they are also advised to stay away with some DMUs, which may make them even weaker after doing alliance. Although this research is speciï¬cally applied to the fertilizer industry, the proposed method could also be applied to other manufacturing industries.

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