Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects
Correctly identifying and evaluating the logistics risks of EPC (engineering procurement construction) projects is conducive to strengthening the risk prevention and control of engineering projects. An evaluation index system for the logistics risk factors of overseas EPC projects was established, a...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Wiley
2022-01-01
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| Series: | Advances in Civil Engineering |
| Online Access: | http://dx.doi.org/10.1155/2022/4447399 |
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| _version_ | 1832550745688244224 |
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| author | Jingshi He Dai Han |
| author_facet | Jingshi He Dai Han |
| author_sort | Jingshi He |
| collection | DOAJ |
| description | Correctly identifying and evaluating the logistics risks of EPC (engineering procurement construction) projects is conducive to strengthening the risk prevention and control of engineering projects. An evaluation index system for the logistics risk factors of overseas EPC projects was established, and the entropy-DEA (Data Envelopment Analysis) method used to evaluate and sort risk decision-making unit (DMU) with risk likelihood and risk consequences as decision variables. The risk reduction ratio and improvement space of each risk DMU are obtained, and the risk factor distribution matrix is constructed, pointing out that legal risks, operational risks and management risks are the primary risk DMU, which provide reference decisions for the optimal allocation of resources. Finally, it is proposed to carefully select overseas logistics carriers, conduct in-depth research before formulating logistics plans, pay attention to logistics process tracking and supervision, and strengthen logistics packaging and bundling technologies. |
| format | Article |
| id | doaj-art-1b60928aad9a419b9cabcbbeeb80590d |
| institution | Kabale University |
| issn | 1687-8094 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Advances in Civil Engineering |
| spelling | doaj-art-1b60928aad9a419b9cabcbbeeb80590d2025-02-03T06:05:54ZengWileyAdvances in Civil Engineering1687-80942022-01-01202210.1155/2022/4447399Evaluation of Key Factors of Logistics Risks for Overseas EPC ProjectsJingshi He0Dai Han1Business CollegeBusiness CollegeCorrectly identifying and evaluating the logistics risks of EPC (engineering procurement construction) projects is conducive to strengthening the risk prevention and control of engineering projects. An evaluation index system for the logistics risk factors of overseas EPC projects was established, and the entropy-DEA (Data Envelopment Analysis) method used to evaluate and sort risk decision-making unit (DMU) with risk likelihood and risk consequences as decision variables. The risk reduction ratio and improvement space of each risk DMU are obtained, and the risk factor distribution matrix is constructed, pointing out that legal risks, operational risks and management risks are the primary risk DMU, which provide reference decisions for the optimal allocation of resources. Finally, it is proposed to carefully select overseas logistics carriers, conduct in-depth research before formulating logistics plans, pay attention to logistics process tracking and supervision, and strengthen logistics packaging and bundling technologies.http://dx.doi.org/10.1155/2022/4447399 |
| spellingShingle | Jingshi He Dai Han Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects Advances in Civil Engineering |
| title | Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects |
| title_full | Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects |
| title_fullStr | Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects |
| title_full_unstemmed | Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects |
| title_short | Evaluation of Key Factors of Logistics Risks for Overseas EPC Projects |
| title_sort | evaluation of key factors of logistics risks for overseas epc projects |
| url | http://dx.doi.org/10.1155/2022/4447399 |
| work_keys_str_mv | AT jingshihe evaluationofkeyfactorsoflogisticsrisksforoverseasepcprojects AT daihan evaluationofkeyfactorsoflogisticsrisksforoverseasepcprojects |