Open AccessTHE ASSESMENT OF RISKS OF LOGISTIC CHAIN BASED ON MEDICINE RETAIL CASE
Author(s) -
Mangirdas Morkūnas,
Elzė Rudienė,
Daiva Nalivaikaitė
Publication year - 2018
Publication title -
management theory and studies for rural business and infrastructure development
Language(s) - English
Resource type - Journals
eISSN - 2345-0355
pISSN - 1822-6760
DOI - 10.15544/mts.2018.06
Subject(s) - business , supply chain , risk management , business risks , supply chain management , risk analysis (engineering) , chain (unit) , point (geometry) , process (computing) , marketing , supply chain risk management , finance , computer science , service management , physics , geometry , mathematics , astronomy , operating system
The article analyzes the problem of assesment of business risks of the Logistics chain from the point of storage to the end-user based on medicine retail case. The problem of the article – how to evaluate and manage the business risks of the logistics chain? The purpose of a research – after conducting a thorough scientific literature analysis, to define the business risks affecting the Logistics chain and to evaluate them according the impact on the Logistics chain, thus creating a basis for a more efficient management of these risks. The research was conducted using Analytical hierarchical process method in a medicine retail sector in Lithuania. It has been determined that the most important risk factor, affecting the Logistics chain from the point of storage to the end user, is the demand. Three of the following risk factors: operational risk, information dissemination risk and financial risk are almost equally important, with supply and environmental factors being of the least importance. JEL Codes: D81, G32.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom