Risk management of logistics systems

Tsan Ming Choi; Chun Hung Chiu; Hing Kai Chan

doi:10.1016/j.tre.2016.03.007

Risk management of logistics systems

Tsan Ming Choi, Chun Hung Chiu, Hing Kai Chan

Department of Entrepreneurship, Marketing and Management Systems

Research output: Journal Publication › Editorial

81 Citations (Scopus)

Abstract

Nowadays, with the globalization of business operations, logistics systems are threatened by all kinds of uncertainties and disruptions. Almost every month, serious accidents in transportation and natural disasters all around the world are reported in the media. As a result, an effective and efficient risk management scheme is of a top most priority in the mind of all professionals in logistics management. This paper concisely explores risk management of logistics systems in several critical areas, namely disruption risk management, operational risk control, disaster and emergency management, and logistics service risk analysis. The papers featured in the special issue are also introduced and examined. This paper ends with a proposal of various future research directions for advancing risk management of logistics systems.

Original language	English
Pages (from-to)	1-6
Number of pages	6
Journal	Transportation Research Part E: Logistics and Transportation Review
Volume	90
DOIs	https://doi.org/10.1016/j.tre.2016.03.007
Publication status	Published - 1 Jun 2016

Keywords

Accidents
Logistics
Risk management
Safety
Transportation

ASJC Scopus subject areas

Business and International Management
Civil and Structural Engineering
Transportation

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.tre.2016.03.007

Cite this

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abstract = "Nowadays, with the globalization of business operations, logistics systems are threatened by all kinds of uncertainties and disruptions. Almost every month, serious accidents in transportation and natural disasters all around the world are reported in the media. As a result, an effective and efficient risk management scheme is of a top most priority in the mind of all professionals in logistics management. This paper concisely explores risk management of logistics systems in several critical areas, namely disruption risk management, operational risk control, disaster and emergency management, and logistics service risk analysis. The papers featured in the special issue are also introduced and examined. This paper ends with a proposal of various future research directions for advancing risk management of logistics systems.",

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AU - Chiu, Chun Hung

AU - Chan, Hing Kai

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AB - Nowadays, with the globalization of business operations, logistics systems are threatened by all kinds of uncertainties and disruptions. Almost every month, serious accidents in transportation and natural disasters all around the world are reported in the media. As a result, an effective and efficient risk management scheme is of a top most priority in the mind of all professionals in logistics management. This paper concisely explores risk management of logistics systems in several critical areas, namely disruption risk management, operational risk control, disaster and emergency management, and logistics service risk analysis. The papers featured in the special issue are also introduced and examined. This paper ends with a proposal of various future research directions for advancing risk management of logistics systems.

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KW - Logistics

KW - Risk management

KW - Safety

KW - Transportation

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JO - Transportation Research Part E: Logistics and Transportation Review

JF - Transportation Research Part E: Logistics and Transportation Review

ER -

Risk management of logistics systems

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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