DEA-driven risk management framework for oil supply chains

IF 6.2 2区经济学 Q1 ECONOMICS Socio-economic Planning Sciences Pub Date : 2024-06-13 DOI:10.1016/j.seps.2024.101996

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Abstract

This paper develops a comprehensive risk management framework to optimise the Nigerian oil supply chain risk mitigation strategies. Given the complexities of the oil supply chain, this framework aids researchers and decision-makers in navigating innovative risk management approaches and considering the implementation of associated challenges. Data Envelopment Analysis (DEA) is initially employed to prioritise risk factors, and based on obtained results, optimal response strategies are determined. The study's findings reveal that criminality and terrorist attacks are the paramount Nigerian oil supply chain risk factors. Additionally, the research identifies practical mitigation strategies, such as risk transfer, safety planning, alternative energy carriers, improved energy efficiency, emergency rescue plans, expected shortages, and diplomatic relations. This research contributes valuable insights to both academia and industry, fostering a deeper understanding of risk dynamics in the Nigerian oil sector. The framework presented offers a powerful approach to risk management, providing a foundation for informed decision-making and strategic planning in the ever-evolving landscape of supply chain dynamics.

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尼日利亚石油业优化供应链战略的 DEA 驱动型风险管理框架

本文制定了一个全面的风险管理框架，以优化尼日利亚石油供应链的风险缓解战略。鉴于石油供应链的复杂性，该框架有助于研究人员和决策者探索创新的风险管理方法，并考虑实施相关的挑战。首先采用数据包络分析法（DEA）对风险因素进行优先排序，然后根据获得的结果确定最佳应对策略。研究结果表明，犯罪和恐怖袭击是尼日利亚石油供应链的首要风险因素。此外，研究还确定了切实可行的缓解策略，如风险转移、安全规划、替代能源载体、提高能源效率、应急救援计划、预期短缺和外交关系。这项研究为学术界和工业界提供了宝贵的见解，有助于加深对尼日利亚石油行业风险动态的理解。所提出的框架为风险管理提供了强有力的方法，为在不断变化的供应链动态环境中做出明智决策和战略规划奠定了基础。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Socio-economic Planning Sciences OPERATIONS RESEARCH & MANAGEMENT SCIENCE-

CiteScore

9.40

自引率

13.10%

发文量

294

审稿时长

58 days

期刊介绍： Studies directed toward the more effective utilization of existing resources, e.g. mathematical programming models of health care delivery systems with relevance to more effective program design; systems analysis of fire outbreaks and its relevance to the location of fire stations; statistical analysis of the efficiency of a developing country economy or industry. Studies relating to the interaction of various segments of society and technology, e.g. the effects of government health policies on the utilization and design of hospital facilities; the relationship between housing density and the demands on public transportation or other service facilities: patterns and implications of urban development and air or water pollution. Studies devoted to the anticipations of and response to future needs for social, health and other human services, e.g. the relationship between industrial growth and the development of educational resources in affected areas; investigation of future demands for material and child health resources in a developing country; design of effective recycling in an urban setting.