Firm Selection Based on Logistics Risk Factors: A Multiple Criteria Decision Making Approach

Iskender Peker, Selcuk Korucuk and Birdogan Baki
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Iskender Peker: Department of Business Administration, Gumushane University, Gumushane, Turkey
Selcuk Korucuk: Department of Transportation Services, Gumushane University, Gumushane, Turkey
Birdogan Baki: Department of Business Administration, Karadeniz Technical University, Trabzon, Turkey

International Journal of Operations Research and Information Systems (IJORIS), 2019, vol. 10, issue 3, 31-43

Abstract: Logistics firms are exposed several domestic and global risks such as variability in demand, shipment damages, earthquakes, and terrorist attacks. The purpose of this study is to provide an approach for selecting a logistics firm based on logistics risk factors according to the manufacturing firms' perspectives. An analytical network process method is utilized to determine risk factors' importance levels and VIKOR method is used to select the logistics firm. The study results show that the most important logistics risk factors are customer and supplier, and the least risky logistic firm is B. It can be concluded that the proposed model enables managers to examine potential risks influencing their logistics activities and select the logistics firm having minimum risk.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:igg:joris0:v:10:y:2019:i:3:p:31-43

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