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
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
26 November 2024
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), .
(doi:10.1108/MABR-09-2023-0064).
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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- Accepted Manuscript
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
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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
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