Operational Risk Control Mechanism and Decision-making Model for Third Party Logistics
Logistics operation risk is one of the main and internally-controllable risks for a third party logistics service provider (3PL). According to the identified relationships among objective risk, estimated risk, risk preference and risk control, this paper presents a mechanism to control logistics operation risk and a control model for 3PL. The existence of the optimal solution is verified. Finally, the paper suggests an optimal risk control strategy, i.e., as long as the risk declining rate is less than the negative ratio of marginal control cost and marginal risk loss, the logistics operation manager should control risk actively. The results are important for 3PL to control its operation risks.
Third party logistics logistics operational risk decision-making model risk control mechanism
Shen Wen Wang Guoxian
School of Logistics Engineering Wuhan University of Technology Wuhan 430070, China MOE Engineering Research Center of Port Logistics Technology & Equipment, Wuhan 430070, China
国际会议
长沙
英文
2876-2879
2009-10-10（万方平台首次上网日期，不代表论文的发表时间）