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1 – 10 of over 36000Øyvind Berle, Inge Norstad and Bjorn E. Asbjørnslett
This paper aims to address how to systematically address vulnerability in a maritime transportation system using a formal vulnerability assessment approach, create quantitative…
Abstract
Purpose
This paper aims to address how to systematically address vulnerability in a maritime transportation system using a formal vulnerability assessment approach, create quantitative measures of disruption risk and test the effect of mitigating measures. These quantitative data are prerequisites for cost efficiency calculations, and may be obtained without requiring excessive resources.
Design/methodology/approach
Supply chain simulation using heuristics‐based planning tools offers an approach to quantify the impact of disruption scenarios and mitigating measures. This is used to enrich a risk‐based approach to maritime supply chain vulnerability assessment. Monte Carlo simulation is used to simulate a stochastic nature of disruptions.
Findings
The exemplary assessment of a maritime liquefied natural gas (LNG) transportation system illustrates the potential for providing quantitative data about the cost of disruptions and the effects of mitigating measures, which are foundations for more precise cost efficiency estimates.
Research limitations/implications
This simulation was done on a simplified version of a real transportation system. For resource reasons, several simplifications were made, both with regards to modeling the transportation system and with the implementation of the formal vulnerability assessment framework. Nevertheless, the authors believe the paper serves to illustrate the approach and potential outcome.
Practical implications
Practitioners are provided with an approach to get more precise quantitative data on disruption costs and cost/efficiency of mitigating measures, providing background data for decisions on investing in reduction of supply chain vulnerability.
Originality/value
The combination of risk assessment methods and inventory routing simulation of maritime supply chain problems is a novelty. Quantifying vulnerability, effects of disruptions and effects of mitigating measures in maritime transportation systems contributes to a little‐researched area.
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Andrew Ebekozien, Clinton Aigbavboa and Mohamad Shaharudin Samsurijan
Housing provision and the neighbourhood's safety are significant social sustainability concerns. If structural issues are not well checked, housing provision and the…
Abstract
Purpose
Housing provision and the neighbourhood's safety are significant social sustainability concerns. If structural issues are not well checked, housing provision and the neighbourhood's safety may become threatened, especially in Lagos State, Nigeria. Thus, this study aims to investigate the perceived root cause of collapsed buildings at the construction stage using two case studies, its effect on social sustainability aspects and suggested measures to mitigate future happening and enhance achieving social sustainability aspects goals.
Design/methodology/approach
The researchers collected data from Nigeria's built environment experts and eyewitnesses/employees of selected cases of collapsed buildings. The study adopted a phenomenology type of qualitative research design and analysed collated data via thematic analysis and achieved saturation. The analysed data created three themes.
Findings
Results reveal that inadequate heavy equipment and personnel incapacitated relevant government agencies are responsible for handling emergency and rescue during building projects collapse. Preliminary findings show developers' greed and systematic failures as the root cause of Nigeria's building project collapse (BPC). It categorised the root causes into three groups (developer's related-cause, design team related-cause and government entities related-cause). The study suggested measures to mitigate future happening. The emerged measures were grouped into a penalty, regulatory, byelaw act, technical and safety measures.
Originality/value
This study contributes to curbing the threat to social sustainability of housing provision in cities. It reveals the underlying perceived root cause of collapsed buildings in Nigeria's building industry. Also, it suggested feasible measures to mitigate BPC. These measures may be modified and adopted by other developing countries facing similar challenges.
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The purpose of this paper is to demonstrate how collaborative contracts can improve industrial maintenance contract relationships.
Abstract
Purpose
The purpose of this paper is to demonstrate how collaborative contracts can improve industrial maintenance contract relationships.
Design/methodology/approach
The research compares performance contracts with collaborative contracts, a new contract type whereby the contract parties align their objectives. The study uses game theory and describes the contract types as mechanism designs to compare the contract types. The mechanisms are validated with case studies. The utility of the contract types is verified with Monte Carlo simulations using expert opinions.
Findings
The research demonstrates that, under certain conditions, collaborative contracts result in a higher utility than performance contracts for all contract parties.
Practical implications
The use of collaborative contracts between an operator of a technical system and a maintenance organisation reduces maintenance costs and improves the availability of the technical system, increasing the utility for all contract parties.
Originality/value
The collaborative contract is a new contract type for maintenance services and the research method provides a new approach to optimise industrial maintenance contract relationships.
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Murat Gunduz and Nasser H. Al-Naimi
Delays occur mostly in the construction process of many projects, which can have a consequent effect on the overall performance of the project in areas such as profitability…
Abstract
Purpose
Delays occur mostly in the construction process of many projects, which can have a consequent effect on the overall performance of the project in areas such as profitability, efficiency and safety. This study aims to suggest a structure that can be applied to manage construction projects effectively and, thus, to reduce delays. The integrated balanced scorecard (BSC) and quality function deployment (QFD) framework proposed in the present study enabled the identification and ranking of the objectives of the financial perspective and the enablers of construction delay mitigation. This will help construction industry professionals prioritize the enabling factors that influence the financial perspective, thereby helping them focus on the achievement of the most important ones which subsequently results in efficiency. Consequently, more tasks are accomplished with the use of less time and resources as the actions tend to be more narrowly focused on the achievement of the most important factors such as client and contractor-related factors, as opposed to the low-value adding factors.
Design/methodology/approach
A literature review was conducted to determine the essential factors that would help resolve or reduce delays. A total of 41 mitigation factors (seven financial objectives and 36 enabler objectives) were identified and categorized into four BSC perspectives: financial, client, contractor and project management team, and innovation and learning. Two management tools, the BSC and QFD, were used to develop the system based on the mitigation factors defined.
Findings
The results of this study show that the most significant factors affecting the achievement of the financial objectives of the project are mainly customer-related factors, accompanied by factors related to contractors and project management teams. With the fishbone diagram and cause and effect analysis, the proposed BSC and QFD system provides a long-term approach for all stakeholders to help professionals in the construction industry prioritize and reduce delays more effectively. Moreover, the findings of the present study highlight the utility of the integrated BSC and QFD framework in quantifying the strengths of association of different objectives of the financial perspective and the enablers of construction delay mitigation.
Originality/value
The contribution of this paper to the body of knowledge is the proposed integrated structure for BSC and QFD that can serve as a comprehensive and structural approach to rating the essential enabling delay mitigation factors based on the magnitude of their effects on the financial performance of the project. The proposed framework can be considered a novel tool since this is the first integrated BSC and QFD framework for construction delay mitigation. Finally, the proposed BSC and QFD framework, along with the fishbone diagram and cause and effect analysis, provides a long-term strategy for all stakeholders to mitigate delays. Thus, the proposed integrated BSC and QFD framework can serve as a systematic and structural approach for measuring the strength of influence of the enablers of delay mitigation against the financial perspective.
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Florence Ling and Hwee Loon Lim
The aim of this research is to investigate how foreign firms manage financial and economic risks when operating in China's construction industry. The specific purposes of the…
Abstract
Purpose
The aim of this research is to investigate how foreign firms manage financial and economic risks when operating in China's construction industry. The specific purposes of the paper are to: identify the types of financial and economic risks foreign firms face and the frequency and severity of these risks; examine how foreign firms manage these risks; and recommend a risk management framework that can be adopted by foreign firms to mitigate financial and economic risks in China.
Design/methodology/approach
The data collection instrument was a questionnaire which had open‐ended questions. The data collection method was face‐to‐face in‐depth interviews with 22 experts from Singapore who have experience in China's construction industry.
Findings
Nine economic and financial risks affecting foreign firms that operate in China's construction industry are found. Of these, the risks that occur frequently and are severe are: labour and material price fluctuation; and contractors/subcontractors' default. Eighteen contractual and general measures were found to be useful in mitigating these risks.
Research limitations/implications
The findings may not be readily generalized because interviews were conducted with 22 China experts, all of whom are from Singapore.
Practical implications
Foreign firms could use the findings to help them decide on the most appropriate measures to adopt, to overcome financial and economic risks that they face when operating in China's construction industry.
Originality/value
The research proposed a framework for foreign firms to use in managing financial and economic risks in China. It recommends different measures to mitigate different types of risks.
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Ahmed Mohammed Al-Rantisi and Ola Usama Faraj
In the face of the COVID-19 pandemic, many countries, including Palestine, implemented lockdown rules. These measures slowed the outbreak of the coronavirus, and because of the…
Abstract
Purpose
In the face of the COVID-19 pandemic, many countries, including Palestine, implemented lockdown rules. These measures slowed the outbreak of the coronavirus, and because of the poor management of the Palestinian government in dealing with women’s rights in light of the Corona pandemic, they contributed to increasing gender-based violence (GBV).
Design/methodology/approach
The study used the qualitative method. An inductive thematic latent content analysis was applied using the MAXQDA 2020 program throughout the data collection stage. The content analysis in this study focused on interviews made with the survivors. The interview schedule consisted of four questions covering different aspects of knowledge around GBV during COVID-19 in the Gaza Strip. In-depth interviews were conducted in Arabic with 25 survivors who experienced GBV between January 17 and March 13, 2022.
Findings
The results show that the kind of violence the survivors were most subjected to is psychological violence, followed by economic violence, and the least kind of violence that the survivors were subjected to was sexual violence. The study revealed the good practices for preventing and combating violence against Palestinian women and girls due to government measures to reduce COVID-19 from the perspective of survivors.
Research limitations/implications
One of the limitations of this study was the small number of cases coming to the Aisha Association for support. Because of the temporary suspension of psychological and social support projects from the foundation due to a problem related to funding, some survivors also fear that their husbands will discover that they have participated in the study, so they hesitate to agree to an interview. Survivors’ lack of understanding of the study question related to implications of closing social justice institutions due to COVID-19 on GBV? This led to conflicting answers.
Originality/value
To the best of the authors’ knowledge, it is the first study in Palestine that dealt Consequences of Government Measures in Palestine to Mitigate COVID-19 on GBV, and its results will be important for the protection of survivors and the adoption of government policies in Palestine.
Buno (Okenyebuno) Emmanuel Nduka and Giwa Sechap
Designated non-financial businesses and professions (DNFBPs) are important actors both in the formal and informal sectors owing to the nature of services they offer. The DNFBPs…
Abstract
Purpose
Designated non-financial businesses and professions (DNFBPs) are important actors both in the formal and informal sectors owing to the nature of services they offer. The DNFBPs are key players in financial and economic development and thus are highly vulnerable to money laundering (ML) and terrorist financing (TF) risks. Globally, and indeed, within the West African region, typologies studies have indicated several instances of misuse of DNFBPs for the laundering of proceeds of crime and to a lesser extent, TF. Factors that make DNFBPs vulnerable to ML and TF in the region, include limited understanding of ML/TF risk and anti-money laundering and combating the financing of terrorism (AML/CFT) obligations, and poor implementation of AML/CFT measures by the sector. As reporting institutions, DNFBPs are required to implement appropriate measures to mitigate the ML/TF risk facing them. Mutual evaluation reports (MERs) of countries in the region noted weak implementation of AML/CFT measures by DNFBPs compares to financial institutions. These coupled with the general poor monitoring and supervision of DNFBPs for compliance, make them a weak link in member states’ AML/CFT regime. This study examined how Economic Community of West African States member states can plug the loopholes in the DNFBPs to strengthen their AML/CFT regime and thus improve their performance during mutual evaluation. This study reviewed data from the publications of Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), Financial Action Task Force (FATF) and other credible sources.
Design/methodology/approach
This study is more of desk-review based on secondary data, including information obtained from GIABA, and FATF publications, and websites as well as information obtained from reliable sources on the internet. The authors reviewed the MERs of GIABA member states that have been assessed under the second round, especially that of Ghana, Senegal, Cape Verde, Mali and Burkina Faso, with particular focus on sections of the reports relating to preventive measures and supervision. In general, this paper adopts a policy approach with a view to explaining the importance and benefits of implementing AML/CFT preventive measures by reporting entities, especially the DNFBPs.
Findings
This study found that there is a general lack of information on the exact size of DNFBPs across member states, the risk of ML/TF associated with DNFBPs is generally identified as high across member states (albeit at different levels), the extent and level of monitoring/supervision of DNFBPs for AML/CFT compliance trails what is obtainable in financial institutions; the institutional and operational frameworks for regulating, supervising and monitoring DNFBPs are either weak or poorly defined in many member states; and the focus of AML/CFT technical assistance has been more on financial institutions than DNFBPs. Although the number of MERs reviewed for this work may be few, the findings and conclusions in the concluded MERs reflect regional peculiarities, including high informality of the economies, preponderance use of cash in transactions, diversity of DNFBPs and the general weak application of AML/CFT preventive measures by these entities, and the weak AML/CFT supervision or monitoring of DNFBPs which cut across all GIABA member states. Although efforts to address the weaknesses in the DNFBPs, including training and supervision, have commenced, in most member states, these are still at rudimentary levels.
Research limitations/implications
However, this study is limited by the fact that it was desk-based review without direct inputs of industry players (DNFBPs and their supervisors).
Practical implications
In general, this paper adopts a policy approach with a view to explaining the importance and benefits of implementing AML/CFT preventive measures by reporting entities, especially the DNFBPs. It aims to bring to the fore the weaknesses of the DNFBPs in the implementation of AML/CFT preventive measures and therefore will be useful to national authorities who are striving toward strengthening their national AML/CT regimes and to DNFBPs who wish to protect the integrity and stability of their system.
Originality/value
It is imperative to mention that the weak compliance by DNFBPs, and indeed other challenges inhibiting effective implementation of preventive measures, is not peculiar to West Africa. A review of MERs of 17 African countries (eight countries in the Eastern and Southern Africa Anti Money Laundering Group region, five in GIABA region and three in the Middle East and North Africa region assessed under the current round as on October 2020, show a similar pattern of weak ratings under Immediate Outcome 4.
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Deborah Erdos Knapp, Robert H. Faley and Lori K. Long
Important Americans with Disabilities Act (ADA)‐related issues that derive from the case law are described and analyzed with the aim of providing guidance both for those…
Abstract
Purpose
Important Americans with Disabilities Act (ADA)‐related issues that derive from the case law are described and analyzed with the aim of providing guidance both for those responsible for establishing organizational policies, procedures, and practices.
Design/methodology/approach
A total of 50 influential court cases spanning the past ten years are reviewed and synthesized to better understand the current and future impact of the ADA.
Findings
Better understanding of ADA can help employers both avoid costly litigation and take advantage of a segment of the US labor market that has not yet been fully utilized.
Originality/value
This paper helps practitioner and researchers better understand the organizational implications of the ADA. Better understanding the current case law should lead to employer policies, procedures, and practices that facilitate the better utilization of the qualified disabled work force without compromising employer concerns related to productivity and other job‐related outcomes.
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Nguyen Van Thuyet, Stephen O. Ogunlana and Prasanta Kumar Dey
The purpose of the paper is to the identify risk factors, which affect oil and gas construction projects in Vietnam and derive risk responses.
Abstract
Purpose
The purpose of the paper is to the identify risk factors, which affect oil and gas construction projects in Vietnam and derive risk responses.
Design/methodology/approach
Questionnaire survey was conducted with the involvement of project executives of PetroVietnam and statistical analysis was carried out in order to identify the major project risks. Subsequently, mitigating measures were derived using informal interviews with the various levels of management of PetroVietnam.
Findings
Bureaucratic government system and long project approval procedures, poor design, incompetence of project team, inadequate tendering practices, and late internal approval processes from the owner were identified as major risks. The executives suggested various strategies to mitigate the identified risks. Reforming the government system, effective partnership with foreign collaborators, training project executives, implementing contractor evaluation using multiple criteria decision‐making technique, and enhancing authorities of project people were suggested as viable approaches.
Practical implications
The improvement measures as derived in this study would improve chances of project success in the oil and gas industry in Vietnam.
Originality/value
There are several risk management studies on managing projects in developing countries. However, as risk factors vary considerably across industry and countries, the study of risk management for successful projects in the oil and gas industry in Vietnam is unique and has tremendous importance for effective project management.
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Joseph H.L. Chan, Daniel W.M. Chan, Albert P.C. Chan and Patrick T.I. Lam
There is a lack of empirical research on risk mitigation strategies for those construction projects procured by guaranteed maximum price contracts (GMP) and target cost contracts…
Abstract
Purpose
There is a lack of empirical research on risk mitigation strategies for those construction projects procured by guaranteed maximum price contracts (GMP) and target cost contracts (TCC). The paper aims to identify and analyse the risk mitigation strategies for GMP/TCC construction projects from the Hong Kong perspective.
Design/methodology/approach
A total of 94 industrial practitioners with both sound knowledge and abundant hands‐on experience of the GMP/TCC methodology participated in an industry‐wide empirical questionnaire survey to indicate their levels of agreement on those 18 risk mitigation strategies identified from reported literature and in‐depth interviews which were later analysed by factor analysis.
Findings
The results of factor analysis revealed that the 18 individual risk mitigation strategies can be consolidated into seven underlying grouped factors: relational contracting and mutual trust; clear contract provisions and well‐defined scope of works; involvement of contractor in decision making process; right selection of project team; third party review of project design at tender stage; standard contract clauses for GMP/TCC schemes; and fair treatment of contractor.
Research limitations/implications
Although both GMP/TCC contracts have been increasingly popular in the construction market of Hong Kong, not all of these projects have been equally successful and some of them have been exposed to very high risks or uneven allocation of risks. A detailed analysis and an implementation of recommended effective risk mitigation strategies are essential to the success of GMP/TCC schemes.
Originality/value
The research findings of this study are expected to help the decision makers to generate useful insights into risk mitigation strategies when administering GMP/TCC contracts at an early stage of project delivery and lay a solid foundation for further research on GMP/TCC in both local and international contexts.
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