Vendor-managed inventory (VMI) is one of effective and crucial tools to alleviate the demand volatility of stocks problems, reduce time and operating cost in healthcare sector. VMI strategy becomes a necessity for both suppliers and hospitals to sustainably develop and to cope with stock availability and overall reliability process by sharing information. The process and management of VMI is a complicated work which needs substantial degrees of collaboration, expertise, and information sharing. This paper purposes a comprehensive multi-criteria decision making (MCDM) to select the best potential supplier for VMI collaboration in healthcare organization. The study developed MCDM framework consists of (i) Fuzzy Delphi approach to select the appropriate evaluation criteria for VMI supplier selection (ii) Fuzzy Step-wise Weight Assessment Ration Analysis (SWARA) method to determine the relative importance weight of evaluation criteria, (ii) Fuzzy Complex Proportional Assessment of Alternatives (COPRAS) to compare, rank and select the best appropriated supplier. An empirical case study was applied for a local famous public hospital and the best potential supplier was selected. The study reveals that the most evaluation criteria when selecting supplier for VMI in healthcare sector are institutional trust, information sharing and exchanging as well as information technology.

India has turned out to be one of the most favorite destinations for the patients who want to undertake cost effective medical care for various medical problems and who have infuriated from the long waiting lists for medical and diagnostic procedures in their home countries. This research aims to analyze different factors along with their intensity affecting medical tourism industry in a developing country like India so that managers and policymakers can take better decisions which will help in growth & promotion of Indian health tourism market. The study has been done by performing a cross-sectional survey within major hospitals in India and exploratory factor analysis and graph theory and matrix approach have been used to evaluate the intensity of variables affecting Indian medical tourism sector. Nineteen variables have been identified through review of literature, and four factors have been extracted including cost, quality of treatment and care, availability of experts, competitive advantage and political, legal and visa related factors. With the understanding of the intensity of different variables suitable precautions can be taken by the healthcare managers so that these variables can be handled very carefully.

The slowdown in globalization preceded by the 2008–2009 financial crisis and accompanied by stagnation in cross-border flows of goods and investments ignited the scientific debate about globalization shutting down. This paper assesses globalization on the basis of the observed flows of investment, data, population and trade for the period of 1998–2018. To do so, we propose the Index of Globalization (IG) that allowed us to highlight the key trends in the global economic development. Our assessments show that there was a sustained decline in the trade and investment components of globalization. The information flow demonstrates a slowdown in developed economies, but its growth rate remains stably high. The IG dynamics indicates a significant decrease in times of crises. In contrast to the 2008–2009 financial crisis and the outbreak of SARS in 2003, the COVID-19 pandemic has already caused a more considerable reduction in international flows of factors of production and global GDP. The changes in society behavior adopted during the COVID-19 spread are forecast to have long-term consequences. In terms of globalization, the pandemic has positively affected the dynamics of the information flow by increasing volumes of Internet traffic and intensifying the use of communications. The research results demonstrate that in the case of a significant slowdown in the trade, investment and population flows, an increase in the information flow will not have a substantial impact on globalization processes and will be unable to break the overall trend towards a decline in the Index of Globalization.

This paper empirically tried to analyze the effects of education on the gender wage gap in Indonesia and to examine whether globalization could alter such a relationship. We modified a decomposition method for the panel dataset that corresponds to the National Socio-Economic Survey from 1996 to 2016. Overall, we found that schooling could significantly influence the salary discrepancy. We also proved that globalization did matter in explaining the relationship between the educational attainment and the salary gap. Here, it could widen the difference in the remuneration. Based on the results, strengthening the gender-responsive budget at the national government level might be one of the solutions. Basically, it actually started with a new awareness of the budget that was not genderneutral. Thus, the positioning of women in education and decision-making process is very crucial for the future of development.
This paper has been retracted due to conflict of interest