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Crude oil supply chain risk management with DEMATEL–ANP

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Abstract

Crude oil supply chain is extremely complex and vulnerable to various risks. Clear understanding of these risks can help supply chain managers to make effective decisions. This paper identifies main risks related to crude oil supply chain and implements decision making trial and evaluation laboratory (DEMATEL) method to determine the interdependency between risks and then applies analytic network process (ANP) method to evaluate the importance of each risk and to determine the best response strategy. The results show that the most important risk area is the regulatory and environmental risks and that the transference and cooperation policy is rated as the best response strategy. Contributions of this paper are fourfold: (1) it provides a comprehensive framework of risks that need to be considered in crude oil supply chain risk management (SCRM) context; (2) it shows how DEMATEL can be applied to analyze the interdependency between risks; (3) it illustrates how various risks and risk management strategies can been assessed through the ANP approach to aid managers in their decision making processes; and (4) most important contribution is customization of crude oil SCRM in Iran.

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Authors and Affiliations

  1. Department of Industrial Management, Faculty of Social Sciences, Imam Khomeini International University, Qazvin, Iran

    Safar Fazli & Mohammadali Vosooghidizaji

  2. Department of Industrial Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran

    Reza Kiani Mavi

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  1. Safar Fazli
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  2. Reza Kiani Mavi
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Correspondence to Reza Kiani Mavi.

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Fazli, S., Kiani Mavi, R. & Vosooghidizaji, M. Crude oil supply chain risk management with DEMATEL–ANP. Oper Res Int J 15, 453–480 (2015). https://doi.org/10.1007/s12351-015-0182-0

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