Editors-in-Chief

Prof. Dr. Darjan Karabašević, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Gabrijela Popović, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Associate Editors

Prof. Dr. Edmundas Kazimieras Zavadskas, PhD, DSc, Dr habil, Dr h.c.mult, Lithuanian Academy of Sciences, Vilnius Gediminas Technical University, Lithuania

Prof. Dr. Florentin Smarandache, Postdoc, Department of Mathematics and Science, University of New Mexico, Gallup, USA

Prof. Dr. Dragiša Stanujkić, Technical Faculty in Bor, University of Belgrade, Bor, Serbia

Assistant Editors

Dr. Aleksandar Brzaković, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Svetlana Vukotić, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Dr. Pavle Brzaković, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Technical Editors:

Vuk Mirčetić, M.Sc., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Đorđe Pucar, M.Sc., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Ana Veljić, B.Sc., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Editorial Board

Prof. Dr. Harish Garg, School of Mathematics, Thapar Institute of Engineering & Technology, Deemed University, Patiala, Punjab, India

Prof. Dr. Ieva Meidute-Kavaliauskiene, Faculty of Business Management, Vilnius Gediminas Technical University, Vilnius, Lithuania; and Business Research Unit, University Institute of Lisbon, Avenida das Forças Armadas, Lisboa, Portugal

Prof. Dr. Alptekin Ulutaș, Department of International Trade and Logistics, Faculty of Economics and Administrative Sciences, Sivas Cumhuriyet University, Sivas, Turkey

Dr. Renata Činčikaite, General Jonas Žemaitis military academy, Lithuania

Dr. Çağlar Karamaşa, Faculty of Business Department of Business Administration, Anadolu University, Eskişehir, Turkey

Prof. Dr. Figen Balo, Fırat University, Faculty of Engineering, Department of Industrial Engineering, Elazığ, Turkey

Prof. Dr. Marko Carić, Faculty of Economics and Engineering Management, University Business Academy in Novi Sad, Novi Sad, Serbia

Prof. Dr. Ivona Brajević, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Dragan Pamučar, Department of Logistics, University of Defence in Belgrade, Belgrade, Serbia

Dr. Željko Stević, University of East Sarajevo, Faculty of Transport and Traffic Engineering, Doboj, Bosnia and Herzegovina

Prof. Dr. Predrag Stanimirović, Faculty of Sciences and Mathematics, University of Niš, Serbia

Prof. Dr. Marinela Panayotova, Department of Chemistry, University of Mining and Geology, Sofia, Bulgaria

Prof. Dr. Fausto Cavalaro, Department of Economics, University of Molise, Via De Sanctis, Campobasso, Italy

Prof. Dr. Muzafer Saračević, Department of Computer Sciences, University of Novi Pazar, Novi Pazar, Serbia

Prof. Dr. Bratislav Predić, Faculty of Electronic Engineering, University of Niš, Niš, Serbia

Prof. Dr. Cipriana Sava, Faculty of Management in Tourism and Commerce Timişoara, Christian University “Dimitrie Cantemir“, Bucharest, Romania

Prof. Dr. Dragan Soleša, Faculty of Economics and Engineering Management, University Business Academy in Novi Sad, Novi Sad, Serbia

Prof. Dr. Nikola Ćurčić, Institute of Agricultural Economics, Belgrade, Serbia

Prof. Dr. Dejan Bogdanović, Technical Faculty in Bor, University of Belgrade, Bor, Serbia

Prof. Dr. Alla Belousova, Faculty of Pedagogy and Practical Psychology, Southern Federal University, Russian Federation

Prof. Dr. Predrag Mimović, Faculty of Economics, University of Kragujevac, Kragujevac, Serbia

Prof. Dr. Andon Majhošev, Faculty of Law at the University of “Goce Delchev”-Stip, Macedonia

Prof. Dr. Dana Mesner Andolšek, University of Ljubljana, Faculty of Social Sciences, Ljubljana, Slovenia

Prof. Dr. Dejan Tubić, College for Management in Tourism and Informatics in Virovitica, Croatia

Prof. Dr. Ekaterina Dimitrova Kyuskieva-Arabska, University of agribusiness and rural development – Plovdiv, Faculty of economics and management, Plovdiv, Bulgaria

Prof. Dr. Robert Dimitrovski, MIT – University, Faculty of Management, Skopje, Macedonia

Prof. Dr. Hemanta К. Baruah, Bodoland University, India

Prof. Dr. Goran Milovanović, Faculty of Economics, University of Niš, Niš, Serbia

Prof. Dr. József Káposzta, Szent István University, Faculty of Economics and Social Sciences, Hungary

Dr. Lazar Raković, Faculty of Economics in Subotica, University of Novi Sad

Prof. Dr. Mladen Ivić, PIM University of Banja Luka, Republic of Srpska, Bosnia and Herzegovina

Dr. Daniela Soldić Frleta, Faculty of Tourism and Hospitality Management, University of Rijeka, Rijeka, Croatia

Prof. Dr. Ranjan Upadhyaya, Professor & Director, UBS- Mumbai- India

Prof. Dr. T. C. Manjunath, HKBK College of Eng., Nagawara, Arabic College Post, Karnataka, India

Dr. Ahmet Aytekin, Faculty of Economics and Administrative Sciences, Department of Business Administration, Artvin Çoruh University, Turkey

Prof. Dr. Nikola Vojvodić, PIM University of Banja Luka, Republic of Srpska, Bosnia and Herzegovina

Publishing board

Prof. Dr. Tomislav Brzaković, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Miodrag Brzaković, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Tatjana Dragičević Radičević, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Srđan Novaković, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Darjan Karabašević, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Prof. Dr. Gabrijela Popović, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

List of Reviewers

Ieva Meidute-Kavaliauskiene, Ph.D., Faculty of Business Management, Vilnius Gediminas Technical University, Vilnius, Lithuania; and Business Research Unit, University Institute of Lisbon, Avenida das Forças Armadas, Lisboa, Portugal

Salih Memiş, Ph.D., Department of international trade and logistics, Giresun university, Giresun, Turkey

Chunchuan Liu, Ph.D., Harbin Engineering University, College of Aerospace Architecture and Engineering, Harbin, China

Dragiša Stanujkić, Ph.D., Technical Faculty in Bor, University of Belgrade, Bor, Serbia

Alptekin Ulutaș, Ph.D., Department of International Trade and Logistics, Faculty of Economics and Administrative Sciences, Sivas Cumhuriyet University, Sivas, Turkey

Muzafer Saračević, Ph.D., University of Novi Pazar, Novi Pazar, Serbia

Seyil Najimudinova, Ph.D., Manas University, Bishkek, Kyrgyzstan

Gabrijela Popović, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Željko Stević, Ph.D., University of East Sarajevo, Faculty of Transport and Traffic Engineering, Doboj, Bosnia and Herzegovina

Mladen Ivić, Ph.D., PIM University of Banja Luka, Republic of Srpska, Bosnia and Herzegovina

Adriana Radosavac, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Nezahat Ekici, Ph.D., Karamanoglu Mehmetbey University, Karaman, Turkey

Predrag Mimović, Ph.D., Faculty of economics, University of Kragujevac, Kragujevac, Serbia

Çağlar Karamaşa, Ph.D., Faculty of Business Department of Business Administration, Anadolu University, Eskişehir, Turkey

Jugoslav Aničić, Ph.D., Faculty of Economics and Finance, University Union Nikola Tesla, Belgrade, Serbia

Ayşe Topal, Ph.D., Department of Business, Nigde Omer Halisdemir University, Nigde, Turkey

Miodrag Brzaković, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Svetlana Veljanovska, Ph.D., Faculty of Law – Kicevo, University St Kliment Ohridski Bitola, Kicevo, North Macedonia

Oliver Momčilović, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Dejan Tubić, Ph.D, Virovitica University of Applied Sciences, Virovitica, Croatia

Svetlana Vukotić, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Gordana Nikolić, Ph.D., PAR University College, Rijeka, Croatia

Ziya Yurttancıkmaz, Ph.D., Atatürk University, Erzurum, Turkey

Gordana Petrović, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Nataša Simić, Ph.D., Faculty of Entrepreneurial Business and Real Estate Management, Belgrade, Serbia

Ahmet Aytekin, Ph.D., Faculty of Economics and Administrative Sciences, Department of Business Administration, Artvin Çoruh University, Artvin, Turkey

Cipriana Sava, Ph.D., Faculty of Management in Tourism and Commerce Timişoara, Christian University “Dimitrie Cantemir“, Bucharest, Romania

Dejan Viduka, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Miroslav Milutinović, Ph.D., Faculty of law, security and management, University Union Nikola Tesla, Niš, Serbia

Vuk Mirčetić, Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia

Vedran Milojica, PAR University College, Rijeka, Croatia

Basil Oluch Okoth, Ph.D., Department of Business Administration, Anadolu University, Turkey

Pavle Radanov, Ph.D., Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Belgrade, Serbia