Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft Set

Risk management in the import and export sector has become increasingly complex due to globalization, technological advancements, and evolving regulatory landscapes. The integration of big data analytics into risk evaluation processes has revolutionized the ability to detect, assess, and mitigate po...

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Main Authors: Ling Chen, Chunpeng Liu
Format: Article
Language:English
Published: University of New Mexico 2025-05-01
Series:Neutrosophic Sets and Systems
Subjects:
Online Access:https://fs.unm.edu/NSS/48RiskManagement.pdf
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author Ling Chen
Chunpeng Liu
author_facet Ling Chen
Chunpeng Liu
author_sort Ling Chen
collection DOAJ
description Risk management in the import and export sector has become increasingly complex due to globalization, technological advancements, and evolving regulatory landscapes. The integration of big data analytics into risk evaluation processes has revolutionized the ability to detect, assess, and mitigate potential threats across international trade operations. This study explores the application of multi-criteria decision-making methods methodologies for assessing risks associated with import and export products, focusing on quality compliance, supply chain vulnerabilities, cybersecurity threats, and regulatory adherence. By leveraging data analytics, businesses and regulatory bodies can enhance decision-making processes, reduce financial losses, and maintain high-quality standards in cross-border trade. We use the IndetermSoft set to deal with indeterminacy in the criteria values. Two MCDM methods are used in this study such as SWARA method to compute the criteria weights and the COPRAS method to rank the alternatives.
format Article
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institution Kabale University
issn 2331-6055
2331-608X
language English
publishDate 2025-05-01
publisher University of New Mexico
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series Neutrosophic Sets and Systems
spelling doaj-art-698103eeb065411bbba7e4fd3422c18b2025-08-25T08:50:09ZengUniversity of New MexicoNeutrosophic Sets and Systems2331-60552331-608X2025-05-018274275610.5281/zenodo.15061751Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft SetLing ChenChunpeng LiuRisk management in the import and export sector has become increasingly complex due to globalization, technological advancements, and evolving regulatory landscapes. The integration of big data analytics into risk evaluation processes has revolutionized the ability to detect, assess, and mitigate potential threats across international trade operations. This study explores the application of multi-criteria decision-making methods methodologies for assessing risks associated with import and export products, focusing on quality compliance, supply chain vulnerabilities, cybersecurity threats, and regulatory adherence. By leveraging data analytics, businesses and regulatory bodies can enhance decision-making processes, reduce financial losses, and maintain high-quality standards in cross-border trade. We use the IndetermSoft set to deal with indeterminacy in the criteria values. Two MCDM methods are used in this study such as SWARA method to compute the criteria weights and the COPRAS method to rank the alternatives. https://fs.unm.edu/NSS/48RiskManagement.pdfrisk managementimport and export productsbig data analysisindetermsoft set
spellingShingle Ling Chen
Chunpeng Liu
Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft Set
Neutrosophic Sets and Systems
risk management
import and export products
big data analysis
indetermsoft set
title Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft Set
title_full Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft Set
title_fullStr Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft Set
title_full_unstemmed Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft Set
title_short Risk Management of Import and Export Products Based on Big Data Analysis: Assessment Model with IndetermSoft Set
title_sort risk management of import and export products based on big data analysis assessment model with indetermsoft set
topic risk management
import and export products
big data analysis
indetermsoft set
url https://fs.unm.edu/NSS/48RiskManagement.pdf
work_keys_str_mv AT lingchen riskmanagementofimportandexportproductsbasedonbigdataanalysisassessmentmodelwithindetermsoftset
AT chunpengliu riskmanagementofimportandexportproductsbasedonbigdataanalysisassessmentmodelwithindetermsoftset