Decision making and risk management is a research area well explored by academics and scholars from different disciplines. A significant part of the research focuses on operational and financial risks, as well as on risks at the strategic level. The importance of these specific research areas stems from the continuously increasing level of uncertainty in today’s operations for organisations. Globalisation has led to organisational structures, such as the extended enterprise model, where companies are dependent on supplier and customer relationships located globally. Such structures create significant challenges to daily operations, thus decisions at the strategic, tactical and operational levels related to investments and financial performance become critical.
The maritime industry in particular is associated with a number of risks related to decisions at the strategic, tactical and operational levels. Maritime organisations are faced with challenges related to investment and operational decisions that have an impact on the financial performance and viability of the company. Operational risks are associated with issues of routing, piracy, ports, suppliers, forecasting, etc., which are heavily dependent on the decision making process that takes place within the organisations.
This special issue aims to collect recent original contributions related to decision making and risk-related issues across the different sectors of the maritime industry, and to bring together both applied and theoretical research. It will carry revised and substantially extended versions of selected papers presented at the 2015 International Association of Maritime Economists (IAME) Conference, but we also strongly encourage researchers who are unable to participate in the conference to submit papers for this call.
Suitable topics include but are not limited to:
- Risk management
- Investment strategies
- Human resource management in shipping
- Network design modelling
- Routing optimisation
- Safety and security
- Supply chain risk
- Oil and gas operational risks
- Geopolitical risks
- Financial risk assessment
- Cruise industry
- Market risks
- Shipyard operations
Submission deadline: 30 September, 2015