scholarly journals METHODICAL APPROACH TO IMPROVING THE LOGISTICS SYSTEM BASED ON RISK MANAGEMENT OF LOGISTICS SUPPORT

2019 ◽  
Vol 2 (69) ◽  
pp. 63-69
Author(s):  
O.V. Alboschiy ◽  
◽  
S.O. Kaplun ◽  
S.O. Pavlenko ◽  
◽  
...  
Keyword(s):  
Risk Management ◽  
Logistics System ◽  
Methodical Approach

DIRECTIONS OF IMPROVEMENT OF RISK MANAGEMENT SYSTEM IN THE FIELD OF LOGISTICS ACTIVITIES

2017 ◽  
Author(s):  
Elena Lytvynenko ◽  
◽  
Taisiya Kozlova ◽  
Keyword(s):  
Risk Management ◽  
Practical Experience ◽  
Logistics System ◽  
Systematic Analysis ◽  
Qualitative And Quantitative ◽  
Different Types ◽  
Rational Management ◽  
Enterprise Logistics ◽  
Risk Acceptability ◽  
Logistics Activity

The changeable and unpredictable development of the enterprises’ external environment is one of the appearance causes of various types of business activities' risks, including logistics. The purpose of this article is to develop recommendations on improving the risk management of enterprises’ logistics activities in the context of instability. Achieving this goal requires consideration of the main stages of this process regarding the logistics activities' risks, providing advices on improving the process of risk management of logistics orientation. The article explores the process of analyzing the logistics activities' risks of the enterprise. Proceeding from the theoretical provisions of management and summarizing the practical experience of research in the field of systematic analysis of the enterprises' logistics activities risks, there are traced the organization's peculiarities of such analysis, and the main directions of its further improvement are proposed. All actions in the article, which are related to the analysis of the risk of enterprise logistics activity, are proposed to carry out in a certain sequence in the article. This sequence is given in the form of a structural scheme of systematic analysis of the risks of the enterprise logistics activities. Based on the objectivity of the existence of logistics activities' risks and the need to ensure the rational management of them, the algorithm of the risk management in the enterprise logistics system covers the stages of risks' identification, their qualitative and quantitative assessment, diagnostics, assessment of risk acceptability and application of neutralization measures to unacceptable logistical risks. It is concluded that the logistics activities risks combine different types of risks of all components and elements both in the process of changing material, financial and information flows, as well as in the process of managing the risks arising in the logistics system

scholarly journals A Methodical Approach to Design and Valuation of Weather Derivatives in Agriculture

2013 ◽  
Vol 2013 ◽  
pp. 1-8 ◽  
Author(s):  
Jindrich Spicka ◽  
Jiri Hnilica
Keyword(s):  
Risk Management ◽  
Low Income ◽  
Crop Yields ◽  
Option Price ◽  
Interdisciplinary Approach ◽  
Weather Conditions ◽  
Low Income Countries ◽  
Management Tool ◽  
Weather Derivatives ◽  
Methodical Approach

The paper deals with weather derivatives as the potentially effective risk management tool for agricultural enterprises seeking to mitigate their income exposure to variations in weather conditions. Design and valuation of the weather derivatives is an interdisciplinary approach covering agrometeorology, statistics, mathematical modeling, and financial and risk management. This paper first offers an overview of data sources and then methods of design and valuation of weather derivatives at the regional level. The accompanied case study focuses on cultivation of cereals (wheat and barley) in the Czech Republic. However, its generalizability is straightforward. The analysis of key growing phases of cereals is based on regression analysis using weather indices as the independent variables and crop yields as dependent variables. With the bootstrap tool, the burn analysis is considered as useful tool for estimating uncertainty about the payoff, option price, and statistics of probability distribution of revenues. The results show that the spatial and production basis risks reduce the efficiency of the weather derivatives. Finally, the potential for expansion of weather derivatives remains in the low income countries of Africa and Asia with systemic weather risk.

scholarly journals FINANCIAL RISK MANAGEMENT OF AN INDUSTRIAL ENTERPRISE

2020 ◽  
pp. 97-103
Author(s):  
T. Vasilyeva ◽  
N. Antoniuk
Keyword(s):  
Risk Management ◽  
Financial Stability ◽  
Web Application ◽  
Financial Risk ◽  
Industrial Enterprise ◽  
Financial Risks ◽  
Financial Risk Management ◽  
Industrial Enterprises ◽  
Methodical Approach ◽  
Constituent Elements

The article is devoted to the issue of financial risk management of industrial enterprises, which is relevant in the modern realities of the Ukrainian economy. The Google Trends web application analyzes the popularity of search queries in business and industry for phrases such as "financial risk" and "financial risk management" in Ukraine and in the world as a whole over the past 12 months. Based on official statistics, the analysis of the dynamics of the main financial indicators of industrial enterprises of Sumy region for 5 years, namely financial results before tax, financial results from operating activities and operating profitability. Based on the coefficient of variation, the level of financial risk that accompanies the activities of industrial enterprises of Sumy region is determined. The essence of financial risks of an industrial enterprise is revealed and its constituent elements are presented. The main existing approaches to the quantitative assessment of financial risks are presented, which are mainly based on probabilistic assessment. A methodical approach to financial risk management of industrial enterprises is proposed, which provides for constant monitoring of deviations of the integrated indicator, calculated on the basis of financial statements of the enterprise and includes indicators of liquidity, financial stability, profitability, cash flow from financial activities. At the same time, the company is recommended to set clear boundaries of possible deviations of the integrated financial indicator. Emphasis is also placed on the need to form and implement an integrated financial risk management system at industrial enterprises of Ukraine in the modern economic realities of Ukraine. A clear system of financial risk management will allow industrial enterprises to respond in a timely manner to potential threats, neutralize financial risks and avoid possible losses.

scholarly journals ORGANIZATION OF MULTIMODAL TRANSPORTATION UNDER UNCERTAINTY AND RISK

2019 ◽  
pp. 08-11
Author(s):  
I. E. Krygina
Keyword(s):  
Risk Management ◽  
Logistics System ◽  
Multimodal Transportation ◽  
Logistics Systems ◽  
Multimodal Transport

The article provides a terminological interpretation of the concept of multimodal transportation and the signs that determine it. We consider the features of the transport and logistics system of our country, dictating specific requirements for logistics schemes for delivering goods. Also considered is the concept of risk, its types and factors as applied to multimodal transport. In conclusion, a unified procedure for risk management in logistics systems is formulated.

scholarly journals Development of Risk Evaluation and Mitigation Systems for Logistics System

2020 ◽  
Vol 21 (1) ◽  
pp. 92-103
Author(s):  
Ahmad Rusdiansyah ◽  
Della Deswiana Pratama ◽  
Muhammad Faisal Ibrahim
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Risk Evaluation ◽  
Risk Identification ◽  
Logistics System ◽  
Risk Response

Logistic activities are significant activities that pose various risks for the company. These risks can affect the company’s performance. To be able to compete in the globalization era, companies need proper risk management. This study aimed to develop Risk Evaluation and Mitigation Systems. We offered four stages: risk identification, risk analysis, risk evaluation, and risk response. A case study was conducted to implement the proposed Risk Evaluation and Mitigation Systems. The results indicated that the proposed Risk Evaluation and Mitigation Systems were proven effective to be appropriately applied to evaluate company risks and provide mitigation recommendations.

scholarly journals METHODOLOGY OF ASSESSMENT AND CLASSIFICATION OF LOGISTIC RISKS AT TRANSPORT FORWARDING ENTERPRISES

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
O.V LAICHUK ◽  
◽  
A.A IVANOVA ◽  
Keyword(s):  
Risk Management ◽  
Trade Flows ◽  
Logistics System ◽  
Information Base ◽  
Risk Management System ◽  
Freight Traffic ◽  
Coronavirus Infection ◽  
The Russian Federation ◽  
Freight Forwarding

The activities of any subject of the economy, including a transport expedition enterprise, are associated with risks. The pandemic crisis, which led to the closure of borders, the slowdown of trade flows between the constituent entities of the Russian Federation, a decrease in freight traffic between countries, an increase in the time it takes to pass operations at customs, proves that freight forwarding enterprises are among the areas that are highly exposed to risks from outside the enterprise's logistics system. In 2020, the activities of freight forwarding enterprises, on which the risks and the possibility of the functioning of freight forwarding enterprises directly depend, were included in the list of the industries most affected by the spread of coronavirus infection. In this regard, we can say that the specifics of forwarding activities prioritize the assessment of the logistics risks of the organization's system itself, and risks in the supply chains. In this study, the authors considered the classification of logistics risks of transport forwarding enterprises, as the basis for identifying logistics risks, selected and substantiated methods and tools for analyzing logistics risks, and also presented a model for assessing the logistics risks of transport and forwarding enterprises. The latter can serve as an information base for the formation of measures aimed at leveling or adjusting logistic risks and form the basis for creating a logistic risk management system at transport expedition enterprises.

THE METHODICAL APPROACH OF AUDITING THE LOGISTICS SYSTEM IN THE AGRICULTURAL ENTERPRISES ON PRODUCTION OF DAIRY CATTLE

2015 ◽  
Vol 2 (2) ◽  
pp. 49-58
Author(s):  
Aleksandr Ulyanchenko ◽  
Roman Prozorov
Keyword(s):  
Dairy Cattle ◽  
Peer Review ◽  
The State ◽  
Logistics System ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Methodical Approach ◽  
Definition Of

The technique of the logistics audit in the agricultural enterprise on production of dairy cattle, which provides the definition of the state of logistics, by peer review. Also defined are not developed component logistics system and suggested a further approach its assessment and identified the main directions of its improvement.

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