- 권한신청
- P-ISSN1738-3110
- E-ISSN2093-7717
- SCOPUS, ESCI
Target Market Selection Using MCDM Approach: A Study of Rolling Stock Manufacturer
Target Market Selection Using MCDM Approach: A Study of Rolling Stock Manufacturer
HARYONO, Siswoyo (PT INKA (Persero))
KHARISMA, Bedy (PT INKA (Persero))
Abstract
Purpose: This study examines the market segmentation and strategy of PT INKA, a rolling stock manufacturer in Indonesia. Research design, data and methodology: The study used the MCDM (Multiple Criteria Decision Making) method specifically the AHP (Analytical Hierarchy Process). The AHP method was applied to identify the target market. This method or approach considers the market attractiveness and competitive strength criteria with quantified parameters. Results: a) Australia, Kenya, Tanzania, New Zealand, and India emerge as the top five target markets; b) There is justification for rolling stock manufacturers to allocate their resources in winning the market share. Conclusion: The main challenge confronting the rolling stock manufacturer is limited resources to acquire a particular market share despite abundant opportunities in this sector. Despite the mastery of technology and long experience in the industry, selecting a target market with multiple criteria could be difficult for an emerging rolling stock manufacturer in South East Asia.
- keywords
- Multiple Criteria Decision Making (MCDM), Analytical Hierarchy Process (AHP), Market share, Limited resources, Rolling Stock manufacturer
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