Quantifying South Africa's crude oil import risk: A multi-criteria portfolio model

Wabiri, Njeri; Amusa, Hammed

doi:10.1016/j.econmod.2009.10.011

Cited by 24 publications

(7 citation statements)

References 3 publications

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“…Construction management, project management, safety and risk management involve several specific sub-fields, some recent applications of MCDM approaches include: construction management (Zavadskas, Turskis, Volvačiovas, & Kildiene, 2013;Zavadskas, Skibniewski, & Antucheviciene, 2014;Kanapeckiene et al, 2010;Brauers, Kildienė, Zavadskas, & Kaklauskas, 2013;Gudienė, Banaitis, Podvezko, & Banaitienė, 2014) in field of project management (Buchanan & Vanderpooten, 2007;Mohammadi, Sadi, Nateghi, Abdullah, & Skitmore, 2014;Zavadskas, Turskis, Tamošaitiene, & Marina, 2008), in the area of risk management (Jiang, Hu, & Jin, 2007;Wabiri & Amusa, 2010), and in fields of safety (Liu, Mao, Li, & Yao, 2007;Wang, Qin, Li, & Chen, 2009;Chen, Jin, Qiu, & Chen, 2014;Dėjus & Antuchevičienė, 2013). (Shidpour et al, 2013) 2013 Utilised research…”

Section: Construction Project Safety and Risk Management Fieldmentioning

confidence: 99%

Multiple criteria decision-making techniques and their applications – a review of the literature from 2000 to 2014

Mardani

Jusoh

Nor

et al. 2015

Economic Research-Ekonomska Istraživanja

838

450

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Multiple criteria decision-making (MCDM) is considered as a complex decisionmaking (DM) tool involving both quantitative and qualitative factors. In recent years, several MCDM techniques and approaches have been suggested to choosing the optimal probable options. The purpose of this article is to systematically review the applications and methodologies of the MCDM techniques and approaches. This study reviewed a total of 393 articles published from 2000 to 2014 in more than 120 peer reviewed journals (extracted from Web of Science). According to experts' opinion, these articles were grouped into 15 fields. Furthermore, these articles were categorised based on authors, publication date, name of journals, methods, tools, and type of research (MCDM utilising research, MCDM developing research, and MCDM proposing research). The results of this study indicated that in 2013 scholars have published articles more than in other years. In addition, the analytic hierarchy process (AHP) method in the individual tools and hybrid MCDM in the integrated methods were ranked as the first and second methods in use. Additionally, the European Journal of Operational Research as the first journal with 70 publications was the significant journal in this study. Finally, energy, environment and sustainability were ranked as the first areas that have applied MCDM techniques and approaches.

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Section: Construction Project Safety and Risk Management Fieldmentioning

confidence: 99%

Multiple criteria decision-making techniques and their applications – a review of the literature from 2000 to 2014

Mardani

Jusoh

Nor

et al. 2015

Economic Research-Ekonomska Istraživanja

838

450

View full text Add to dashboard Cite

show abstract

“…Evaluations of the upstream energy market risk typically assess diversifiable and/or systematic risk using either dual-diversity indices [20] or financial portfolios [21,22]. Sweden does not have a foreign policy-related security of supply policy and the choice of import sources is therefore determined by market factors rather than bilateral trade agreements.…”

Section: Imports Of Feedstock and Secondary Fuelmentioning

confidence: 99%

Biofuels for road transport: Analysing evolving supply chains in Sweden from an energy security perspective

2014

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“…A similar trend can be observed in the studies that apply a portfolio optimization method to this problem. Methodologically, these studies define risks as either the fluctuation in import costs [78][79][80] or the supplier's economic and political state [81,82]. The latter, index-based approach is also used in the rare exporter-focused study of Iranian gas exports [83].…”

Section: Portfolio Optimization In the Energy Domainmentioning

confidence: 99%

Energy Security and Portfolio Diversification: Conventional and Novel Perspectives

Bollino

Galkin

2021

Energies

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Despite the recent expansion of the scope, the main pillars of energy security remain physical supply and price components. This paper highlights the novel developments of this notion, including the exporters’ perspective, relevant challenges, indicators, and policies. Furthermore, we apply the portfolio theory approach to five Gulf Cooperation Council countries to construct portfolios representing the trade-offs between maximizing returns (oil export growth or export prices) and minimizing risks (standard deviation of return variables). We assess portfolios’ resilience to external demand and logistical shocks by running several disruptive scenarios. We find that oil exporters adopt a balanced approach to the risks associated with export volume growth and pricing, which is different from some major oil importers that prioritize either the physical supply or price stability. Simulation scenarios of increasing oil exports to China would have a significant impact mainly on Saudi Arabia and the United Arab Emirates (UAE), but not on the others, while scenarios of reduced oil exports to the United States would impact mainly Saudi Arabia and Kuwait. A blockade of the Malacca Strait would reduce export volumes and increase portfolio risks for all five economies, with Kuwait and Oman most affected.

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Quantifying South Africa's crude oil import risk: A multi-criteria portfolio model

Cited by 24 publications

References 3 publications

Multiple criteria decision-making techniques and their applications – a review of the literature from 2000 to 2014

Multiple criteria decision-making techniques and their applications – a review of the literature from 2000 to 2014

Biofuels for road transport: Analysing evolving supply chains in Sweden from an energy security perspective

Energy Security and Portfolio Diversification: Conventional and Novel Perspectives

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