Journal of Marketing Development and Competitiveness · 2011 · 11 citations · 3 references
ManagementRisk ManagementSupply Chain ManagementMulti-criteria Decision MakingRisk AnalysisSupply Chain Risk ManagementRisk MitigationRisk-based ApproachRisk-based Decision MakingSupply Chain RiskSupply Chain Risk Management SystemsSupply Chain Vulnerability AnalysisDecision Support System ModelsSupply Chain Risk AnalysisSupply Chain Risk ModelingUpstream Supply Chain Modeling
Risk and uncertainty are quintessential issues facing petroleum industry. Managing petroleum supply chain risk represents one of the most daunting challenges confronting many of the multinational oil firms (MOFs) in Nigeria. As a result, petroleum supply chain risk management is top on the agenda of C-level executives of the MOFs. This paper leverages a decision support system to model risk management in the upstream petroleum supply chain of an MOF. The AHP is a typical multi-criteria methodology used to model risk management because it allows different types of risks to be assessed and evaluated.
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