Petroleum Supply Chain Risk Analysis in a Multinational Oil Firm in Nigeria

Petroleum Supply Chain Risk Analysis in a Multinational Oil Firm in Nigeria

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...

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Veröffentlicht in:Journal of marketing development and competitiveness 2011-12, Vol.5 (7), p.37
Hauptverfasser: Enyinda, Chris I, Briggs, Charles, Obuah, Emmanuel, Mbah, Chris
Format: Artikel
Sprache:eng
Schlagworte:
Crude oil
Decision making
Energy industry
Geology
Logistics
Marketing
Multinational corporations
Petroleum industry
Petroleum refineries
Pharmaceuticals
Raw materials
Research methodology
Risk assessment
Risk management
Studies
Supply chains
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Zusammenfassung: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. [PUBLICATION ABSTRACT]
ISSN:2155-2843
2155-2843