EVALUATING KEY RISK FACTORS AFFECTING CARGO DAMAGES ON EXPORT OPERATIONS FOR CONTAINER CARRIERS IN TAIWAN

2021 ◽  
Vol 160 (A4) ◽  
Author(s):  
Wen-Jui Tseng ◽  
Ji-Feng Ding ◽  
Yi-Chun Chen
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Management Strategies ◽  
Relative Importance ◽  
Container Shipping ◽  
Ahp Method ◽  
Analytic Hierarchy ◽  
Factors Affecting ◽  
Risk Management Strategies ◽  
Hierarchy Process

The main purpose of this article is to apply the Analytic Hierarchy Process (AHP) method to analyse key risk factors affecting cargo damages on export operations for container shipping carriers in Taiwan. Based on the literature and experts’ opinions, a hierarchical structure with three risk aspects and eleven risk factors was constructed. We then applied the AHP procedure and AHP experts’ questionnaires to evaluate the key risk factors. The empirical results showed that: (1) ‘Shipping proxy phase’ is the most important aspect affecting cargo damages on export operations for container shipping carriers in Taiwan. (2) In order of relative importance, the top four key risk factors are “shipper’s concealed items have not been reported,” “inappropriate cargo packaging,” “insecure fixation between the container and ship deck,” and “error in printed documents.” Furthermore, some recommendations concerning effective risk management strategies and advices are provided for container shipping carriers.

Evaluation Key Risk Factors Affecting Cargo Damages on Export Operations for Container Carriers in Taiwan

2018 ◽  
Vol Vol 160 (A4) ◽  
Author(s):  
Wen-Jui Tseng ◽  
Ji-Feng Ding ◽  
Yi-Chun Chen
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Management Strategies ◽  
Relative Importance ◽  
Container Shipping ◽  
Ahp Method ◽  
Analytic Hierarchy ◽  
Factors Affecting ◽  
Risk Management Strategies ◽  
Hierarchy Process

The main purpose of this article is to apply the Analytic Hierarchy Process (AHP) method to analyse key risk factors affecting cargo damages on export operations for container shipping carriers in Taiwan. Based on the literature and experts’ opinions, a hierarchical structure with three risk aspects and eleven risk factors was constructed. We then applied the AHP procedure and AHP experts’ questionnaires to evaluate the key risk factors. The empirical results showed that: (1) ‘Shipping proxy phase’ is the most important aspect affecting cargo damages on export operations for container shipping carriers in Taiwan. (2) In order of relative importance, the top four key risk factors are “shipper’s concealed items have not been reported,” “inappropriate cargo packaging,” “insecure fixation between the container and ship deck,” and “error in printed documents.” Furthermore, some recommendations concerning effective risk management strategies and advices are provided for container shipping carriers.

Approach to Prioritizing the Commercial Real Estate Development Risk

2021 ◽  
Vol 15 (2) ◽  
pp. 114-126
Author(s):  
Malka Thilini ◽  
Nishani Champika Wikcramaarachchi ◽  
P.A.N.S. Anuradha
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Real Estate ◽  
Management Strategies ◽  
Commercial Real Estate ◽  
Property Development ◽  
Analytic Hierarchy ◽  
Investment Projects ◽  
Risk Management Strategies ◽  
Development Risk

After 30 years of war in Sri Lanka, the demand for real estate has increased tremendously across the nation. Similarly, numerous real estate sub-sectors have avidly participated in the worldwide boom. However, with failures and poor functioning of many investment projects, the industry's risk management reputation has been put in jeopardy, followed by the coronavirus (COVID-19). Though it is less popular among Sri Lankan property developers, risk management strategies in development projects have become a pressing requirement. This paper's goal is to look at commercial property development risk elements from the perspective of a real estate developer in relation to Social, Economic, Environmental, Technological, Political, and Pandemic Risks. The research first evaluates risk variables using a super decision software model based on the Analytic Hierarchy Process (AHP), then prioritizes the most important risk factors, and lastly examines effective risk management measures for successful real estate developments. The data collection has been carried out using interviews through telephone conversations with the help of a structured questionnaire. Accordingly, 35 risk factors have been assessed altogether. For the three projects, the synthesized values were 1.0000, 0.510763, and 0.604037, respectively. Based on the analysis of superMatrix calculation, project A is regarded as the best alternative project in such circumstances. Pandemic Risk, Economic Risk, and Political Risk have all had a significant impact on the primary risk criteria. Therefore, COVID-19 Pandemic Risk Emergence, Workforce Availability, Duration, Delays in Council Approval/License Approval Process and Natural Disaster Impact were identified as the highest influenced sub-risk factors. Identifying the risk factors on this avenue will also help in making better investment decisions while increasing the unpredictable nature of the real estate field and future satisfaction of loan team investment goals within the country.

The Effects of Decision Aid Orientation on Risk Factor Identification and Audit Test Planning

2002 ◽  
Vol 21 (2) ◽  
pp. 39-56 ◽  
Author(s):  
Jean C. Bedard ◽  
Lynford E. Graham
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Decision Aid ◽  
Decision Aids ◽  
Management Strategies ◽  
Risk Identification ◽  
Matched Pair ◽  
Audit Planning ◽  
Audit Firms ◽  
Risk Management Strategies

In auditing, risk management involves identifying client facts or issues that may affect engagement risk, and planning evidence-gathering strategies accordingly. The purpose of this paper is to examine whether auditors' identification of risk factors and planning of audit tests is affected by decision aid orientation, i.e., a “negative” focus wherein client risk and its consequences are emphasized, or a “positive” focus where such factors are not emphasized. Specifically, we expect that auditors will identify more risk factors using a negatively oriented risk identification decision aid, but only when engagement risk is relatively high. We address this issue in the context of auditors' knowledge of actual clients, manipulating decision aid orientation as negative or positive in a matched-pair design. Results show that auditors using the negative decision aid orientation identify more risk factors than do those using a positive orientation, for their higher-risk clients. We also find that decisions to apply substantive tests are more directly linked to specific risk factors identified than to direct risk assessments. Further, our results show that auditors with repeat engagement experience with the client identify more risk factors. The findings of this study imply that audit firms may improve their risk management strategies through simple changes in the design of decision aids used to support audit planning.

scholarly journals Evaluation of Physical Risk during Necropsy and Morgue Activities as Risk Management Strategy

2021 ◽  
Vol 18 (16) ◽  
pp. 8266
Author(s):  
Zoe Del Fante ◽  
Nicola Di Fazio ◽  
Adriano Papale ◽  
Paola Tomao ◽  
Fabio Del Duca ◽  
...  
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Management Strategies ◽  
Risk Management Strategy ◽  
Work Related ◽  
Activity Measurements ◽  
Risk Management Strategies ◽  
Physical Risk ◽  
Critical Issues ◽  
Load Handling

Physical risk assessments allow us to understand work-related critical issues, thus representing a useful tool in risk management strategies. In particular, our study focuses on the identification of already known and emerging physical risks related to necropsy and morgue activities, as well as crime scene investigations. The aim of our study is, therefore, to identify objective elements in order to quantify exposure to such risk factors among healthcare professionals and working personnel. For the research of potentially at-risk activities, data from the Morgue of Policlinico Umberto I Hospital in Rome were used. The scientific literature has been reviewed in order to assess the risks associated with morgue activity. Measurements were performed on previously scheduled days, in collaboration with the activities of different research units. The identified areas of risk were: microclimate; exposure to noise and vibrations; postural and biomechanical aspects of necropsy activities. The obtained results make it possible to detect interindividual variability in exposure to many of the aforementioned risk factors. In particular, the assessment of microclimate did not show significant results. On the contrary, exposure to vibrations and biomechanical aspects of load handling have shown potential risk profiles. For this reason, both profiles have been identified as possible action targets for risk management strategies.

scholarly journals Socioeconomic Risks and Their Impacts on Ecological River Health in South Korea: An Application of the Analytic Hierarchy Process

2021 ◽  
Vol 13 (11) ◽  
pp. 6287
Author(s):  
Suyeon Kim ◽  
Sang-Woo Lee ◽  
Se-Rin Park ◽  
Yeeun Shin ◽  
Kyungjin An
Keyword(s):  
South Korea ◽  
Socioeconomic Factors ◽  
Ecosystem Health ◽  
Relative Importance ◽  
River Ecosystem ◽  
River Health ◽  
Analytic Hierarchy ◽  
Factors Affecting ◽  
Factors Influencing ◽  
Hierarchy Process

It is imperative to develop a methodology to identify river impairment sources, particularly the relative impact of socioeconomic sources, to enhance the efficiency of various river restoration schemes and policies and to have an internal diagnosis system in place. This study, therefore, aims to identify and analyze the relative importance of the socioeconomic factors affecting river ecosystem impairment in South Korea. To achieve this goal, we applied the Analytical Hierarchy Process (AHP) to evaluate expert judgement of the relative importance of different socioeconomic factors influencing river ecosystem impairment. Based on a list of socioeconomic factors influencing stream health, an AHP questionnaire was prepared and administered to experts in aquatic ecology. Our analysis reveals that secondary industries form the most significant source of stream ecosystem impairment. Moreover, the most critical socioeconomic factors affecting stream impairment are direct inflow pollution, policy implementation, and industrial wastewater. The results also suggest that the AHP is a rapid and robust approach to assessing the relative importance of different socioeconomic factors that affect river ecosystem health. The results can be used to assist decision makers in focusing on actions to improve river ecosystem health.

scholarly journals Risk Management in Oil and Gas (EPC) Industry

2021 ◽  
Vol 9 (9) ◽  
pp. 1255-1264
Author(s):  
Prashant Pralhad Kadam
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Oil And Gas ◽  
Safety Management ◽  
Management Strategies ◽  
Oil And Gas Industry ◽  
Construction Costs ◽  
Defective Items ◽  
Gas Industry ◽  
Risk Management Strategies

Abstract: The five most important risk factors identified in the design phase are 1] scope uncertainty, 2] failed management and planning, 3] changes in errors and omissions, 4] inadequate projectS team structure, 5] inadequate quality requirements. The top five risk factors determined by the procurement category are 1] Inadequate online resources and equipment, 2] Distribution of suppliers, 3] Uncertainty in design and style, codes, requirements and standards, 4] Defective items, and 5] Compromise. The 5 most important risk factors identified in the construction phase are 1] weak project capability, 2] excessive construction costs, 3] major construction delays, 4] strong project plan, and 5] poor safety management .This was initiated by the link between risk factors and the effects on price, quality and timing, as well as the potential for expensive, common, and high-quality outcomes. Keywords: Disaster risk management, risk management strategies, project risk management, oil and gas industry.

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