Multistage risk assessment of direct delivery business from local oil refineries in Sinopec Group based on normal cloud model

Wen Song, Jianjun Zhu, Hehua Wang and Anlin Chang

International Journal of Production Research, 2020, vol. 58, issue 18, 5624-5650

Abstract: This paper studies the risk assessment problem of the direct delivery business from local oil refineries in Sinopec Group. A total of 23 risk factors associated with four segments of the direct delivery business are first identified. Through explaining the respective characteristics, the connotation of each risk factor is analysed in depth. Next, on the basis of the severity and possibility of each risk factor, a multistage risk assessment method for normal cloud model rooted in the extended TOPSIS approach is developed, and then applied to a real-world case. From the investigation, the weaknesses of the present risk assessment process are addressed from various aspects, including the risk factors, segments, and alternatives. Moreover, considering the possible correlation among risk factors, the proposed method is further extended by using the approach of Choquet integral. Additional discussions and recommendations are provided for improving the risk management process of the direct delivery business from local oil refineries.

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00207543.2019.1656835 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:tprsxx:v:58:y:2020:i:18:p:5624-5650

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TPRS20

DOI: 10.1080/00207543.2019.1656835

Access Statistics for this article

International Journal of Production Research is currently edited by Professor A. Dolgui

More articles in International Journal of Production Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().