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Assessing risk dimensions in dry port projects: prioritization, interdependence and heterogeneity

Assessing risk dimensions in dry port projects: prioritization, interdependence and heterogeneity
Assessing risk dimensions in dry port projects: prioritization, interdependence and heterogeneity
Purpose: we identify and further aggregate into dimensions, the most commonly engaged risk factors in dry port projects. Noting the importance of developing a multi-perspective of risk, we further assess the priority, interdependency, and heterogeneity of the identified risk dimensions.

Design/methodology/approach: we identify from the literature, 44 risk factors which are
aggregated via Exploratory Factor Analysis (EFA) into eight major risk dimensions. We employ
a Fuzzy-based DEMATEL relationship map to articulate various relationships among the risk
dimensions.

Findings: ‘cost’ emerges as the most important risk influencing the success of dry ports
project, followed by ‘Location’, ‘Accessibility’, ‘Infrastructural’, and ‘Operational’, which were
also ranked prominently.

Originality/value: this study offers significant insight to the management of risk in dry port
projects. By aggregating key risk factors into distinct dimensions, we develop a structured
framework for effective risk assessment and management. Insights gleaned from the study
extend globally as it serves as a concrete knowledge base to understand potential barriers to
successful dry port projects.
dry port projects, heterogeneity, interdependencies, multi-stakeholder perspective, priority, risk identitifcation, Heterogeneity, Dry port projects, Risk identification, Priority, Multistakeholder perspective, Interdependencies
2397-3757
311-330
Rodrigues, Thiago de Almeida
45ba56eb-54bb-4b46-aaa8-71f70efbcf49
Ojiako, Udechukwu
39f57398-8b7b-422c-9186-6a87c75e0f8f
Mota, Caroline
d7d2a7ef-7a8a-478f-b6e1-d3f2a13f69dd
Dweiri, Fikri
9d9ff514-9e01-4669-a1df-4cfc66df63a8
Marshall, Alasdair
93aa95a2-c707-4807-8eaa-1de3b994b616
Chipulu, Max
12545803-0d1f-4a37-b2d2-f0d21165205e
Rodrigues, Thiago de Almeida
45ba56eb-54bb-4b46-aaa8-71f70efbcf49
Ojiako, Udechukwu
39f57398-8b7b-422c-9186-6a87c75e0f8f
Mota, Caroline
d7d2a7ef-7a8a-478f-b6e1-d3f2a13f69dd
Dweiri, Fikri
9d9ff514-9e01-4669-a1df-4cfc66df63a8
Marshall, Alasdair
93aa95a2-c707-4807-8eaa-1de3b994b616
Chipulu, Max
12545803-0d1f-4a37-b2d2-f0d21165205e

Rodrigues, Thiago de Almeida, Ojiako, Udechukwu, Mota, Caroline, Dweiri, Fikri, Marshall, Alasdair and Chipulu, Max (2024) Assessing risk dimensions in dry port projects: prioritization, interdependence and heterogeneity. Maritime Business Review, 9 (4), 311-330. (doi:10.1108/MABR-09-2023-0064).

Record type: Article

Abstract

Purpose: we identify and further aggregate into dimensions, the most commonly engaged risk factors in dry port projects. Noting the importance of developing a multi-perspective of risk, we further assess the priority, interdependency, and heterogeneity of the identified risk dimensions.

Design/methodology/approach: we identify from the literature, 44 risk factors which are
aggregated via Exploratory Factor Analysis (EFA) into eight major risk dimensions. We employ
a Fuzzy-based DEMATEL relationship map to articulate various relationships among the risk
dimensions.

Findings: ‘cost’ emerges as the most important risk influencing the success of dry ports
project, followed by ‘Location’, ‘Accessibility’, ‘Infrastructural’, and ‘Operational’, which were
also ranked prominently.

Originality/value: this study offers significant insight to the management of risk in dry port
projects. By aggregating key risk factors into distinct dimensions, we develop a structured
framework for effective risk assessment and management. Insights gleaned from the study
extend globally as it serves as a concrete knowledge base to understand potential barriers to
successful dry port projects.

Other
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More information

Accepted/In Press date: 22 June 2024
e-pub ahead of print date: 16 July 2024
Published date: 26 November 2024
Additional Information: Publisher Copyright: © 2024, Pacific Star Group Education Foundation.
Keywords: dry port projects, heterogeneity, interdependencies, multi-stakeholder perspective, priority, risk identitifcation, Heterogeneity, Dry port projects, Risk identification, Priority, Multistakeholder perspective, Interdependencies

Identifiers

Local EPrints ID: 492220
URI: http://eprints.soton.ac.uk/id/eprint/492220
ISSN: 2397-3757
PURE UUID: a561b0ec-0892-4596-8d6e-57fbe0364bb2
ORCID for Alasdair Marshall: ORCID iD orcid.org/0000-0002-9789-8042
ORCID for Max Chipulu: ORCID iD orcid.org/0000-0002-0139-6188

Catalogue record

Date deposited: 22 Jul 2024 16:50
Last modified: 12 Dec 2024 02:42

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Contributors

Author: Thiago de Almeida Rodrigues
Author: Udechukwu Ojiako
Author: Caroline Mota
Author: Fikri Dweiri
Author: Max Chipulu ORCID iD

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