Simulation modeling as a tool for integrated assessment of strategic risks logistics companies
Abstract
Simulation modeling as a tool for integrated assessment of strategic risks logistics companies
Incoming article date: 22.03.2017The possibility of improving the management efficiency of the main business processes of a logistics enterprise on the basis of an integrated assessment of strategic risks is considered. The methodology is based on the idea of sharing the technology of simulation and two concepts: the Balanced Scorecard (BSС) and the Integrated Risk Management System (IRMS). We propose formula for calculating operational risk based on port statistics collected while running the simulation model, namely the chosen values of the triangular distribution of the statistical data. Also presented a formula linguistic evaluation of integrated strategic risk, lead to the conclusion the risk that previously designated port strategy will not be achieved.
Keywords: Strategic risk, risk management system, logistics enterprise, business processes, balanced scorecard, strategic map, management decisions, competitiveness, simulation modeling