Development of Logistics Risk Indicators

Authors

  • Kritti Chitarayakul Commerce and Accountancy, Thammasat University
  • Chawanya Srithai Commerce and Accountancy, Thammasat University
  • Yuwanuch Nuntaworapun Commerce and Accountancy, Thammasat University
  • Wanvisa Ruenpirom Commerce and Accountancy, Thammasat University
  • Sirayos Mahakhant Commerce and Accountancy, Thammasat University
  • Sathaporn Opasanon Commerce and Accountancy, Thammasat University

Keywords:

Indicators; Risk, Logistics, Factor analysis, Composite index

Abstract

This research aims to develop indicators for assessing risks in logistics. Literature review based on journal database in business administration was conducted to elicit all possible logistics risks, which had been studied in the past. Factor analysis was employed to screen and categorize indicators. Indicator weights were derived for constructing a composite index. The proposed indicator set were decomposed into 9 dimensions and 61 indicators. Information Risk was the most significant indicator, followed by Management Risk and Transportation Risk, respectively. The developed indicators and composite index were tested with purposively selected samples to examine their applicability. The result showed that the indicator set was comprehensive, practical and user-friendly. In addition to measuring organizations’ risks in logistics, the key contribution of the research findings is to identify pertinent logistics risks, and emphasize their importance in business sustainability, permitting elaborate risk management preparations for Thai enterprises.

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Published

2023-01-31

How to Cite

Chitarayakul, K., Srithai, C., Nuntaworapun, Y., Ruenpirom, W., Mahakhant, S., & Opasanon, S. (2023). Development of Logistics Risk Indicators. NIDA Business Journal, (24), 42–67. Retrieved from https://so10.tci-thaijo.org/index.php/NIDABJ/article/view/389

Issue

No. 24 (2019): December 2018 - May 2019

Section

Research Articles

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