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

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

Iskender Peker (Department of Business Administration, Gumushane University, Gumushane, Turkey), Selcuk Korucuk (Department of Transportation Services, Gumushane University, Gumushane, Turkey) and Birdogan Baki (Department of Business Administration, Karadeniz Technical University, Trabzon, Turkey)
DOI: 10.4018/IJORIS.2019070103

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.
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Literature Review

Literature review is classified in two groups. Hereunder, the studies in which logistics risk factors are focused are provided firstly. Secondly, the studies in which the logistics firm selection is reviewed based on manufacturing firms are represented.

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