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Analyzing the EU forestry sector to seek new market opportunities using Minimum Spanning Tree based clustering analysis

Title
Analyzing the EU forestry sector to seek new market opportunities using Minimum Spanning Tree based clustering analysis
Type
Chapter or Part of a Book
Year
2022
Authors
Han, J
(Author)
Other
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Abílio Pereira Pacheco
(Author)
FEUP
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José Coelho Rodrigues
(Author)
FEP
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Book
Pages: 839-843
ISBN: 9789892622989
Electronic ISBN: 9789892622972
Other information
Authenticus ID: P-00X-W6V
Abstract (EN): <jats:p>To enhance the economic viability and address the labour shortage in the forestry industry, alternative solutions using robotization and automation are emerging. However, due to technological barriers and lack of solid business models, successful commercialization in the forestry sector is yet to be challenging. As an initial market analysis for developing a business model for new forestry machineries, this study was conducted to reveal clusters of EU countries to seek the potential market opportunities outside of Portugal. To identify similar market conditions and restrictions, EU countries were clustered using a hierarchical clustering algorithm and selection of variables while considering the geographic, economic, and social conditions of each country. Preliminary results showed that Austria and Poland had similar social capital and geographic conditions.</jats:p>
Language: English
Type (Professor's evaluation): Scientific
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