The imperatives of occupational health and safety (OHS) are increasingly recognised as critical components of business operations, particularly within logistics where manual tasks such as item picking and transportation present notable hazards. This study employs the Fine-Kinney method to conduct a risk analysis of internal transport activities in logistics systems. Hazards associated with various internal transport mediums are systematically identified and categorised. An illustrative case study involves a logistics provider based in Serbia, scrutinising the risks prevalent within warehouse operations. Through application of the Fine-Kinney method, the analysis determines the predominant risk to be collisions involving pedestrians. In response, the study advocates targeted preventive and corrective strategies to diminish these risks. Theoretical and practical contributions arise from addressing these identified risks, offering valuable insights for logistics enterprises. The emphasis on preemptive safety measures underscores their significance in safeguarding worker welfare and enhancing the efficiency of logistics operations.
In the rapidly evolving domain of digital finance, the interplay between cryptocurrencies and external variables such as financial and social media indicators warrants thorough examination. This investigation employs a novel, entropy-weighted Multiple Attribute Decision Making (MADM) model to decipher these intricate relationships. The study's foundation is an expansive dataset, meticulously compiled to encompass a broad spectrum of financial data alongside diverse social media indicators. Central to this analysis is the employment of the Stepwise Weight Assessment Ratio Analysis (SWARA) method, meticulously applied to ascertain the relative importance of various social media indicators. Complementing this, the Complex Proportional Assessment (COPRAS) methodology is adeptly utilized to derive utility functions for each cryptocurrency under scrutiny. The analytical prowess of neural network regressions is harnessed to delineate the influence exerted by a multitude of financial indicators on these utility functions. The findings of this research are pivotal in understanding the dynamics within the cryptocurrency market. Bitcoin and Ripple emerge as pivotal entities, primarily functioning as primary conduits for market shocks. In contrast, Ethereum is identified as a stabilizing force, predominantly absorbing such fluctuations. A nuanced aspect of this study is the differential impact of social media indicators on various cryptocurrencies. Bitcoin and Ethereum display a negative correlation with these indicators, suggesting a complex, possibly inverse relationship with social media dynamics. Conversely, Litecoin, Dogecoin, and Ripple exhibit a positive responsiveness, indicating a heightened susceptibility to social media attention, sentiment, and prevailing uncertainty.
In the realm of managerial decision-making, particularly within the last few decades, the process has emerged as a formidable challenge. This paper focuses on strategic decision-making, crucial in determining organizational success or failure amidst prevailing uncertainties. To address this, the Matrix Approach to Robustness Analysis (MARA), a recent innovation, is integrated with the established Strengths-Weaknesses-Opportunities-Threats (SWOT) matrix. This integration aims to deliver robust outcomes in strategic planning for travel agencies. The methodology involves a comprehensive analysis of internal and external factors pertinent to a travel agency, applying the analytical rigor of the SWOT matrix. Subsequent to this analysis, a series of strategies are formulated. Central to this study is the identification of key environmental indicators, as perceived by stakeholders, which influence strategic outcomes. Through these indicators, various future scenarios are constructed, culminating in nineteen plausible scenarios. Each strategy, totalling twelve, is then evaluated against these scenarios to ascertain the conditions under which they are most effective, resulting in a performance matrix. The final phase involves calculating the robustness analysis scores for each strategy under two different assessment conditions: rigorous and lenient. These scores provide a basis for strategy prioritization in both scenarios. The analysis reveals that the strategy of expanding new pilgrimage tours holds the greatest promise, while the employment of relatives within the agency is deemed least effective. This study contributes to the field by offering a structured methodology for travel agencies to navigate uncertain environments, using a combination of MARA and SWOT. The findings underscore the importance of scenario-based strategic planning and robustness analysis in enhancing decision-making processes.
Reducing the devastating effects of earthquakes is the main objective of planning for earthquake response. The decision-making process is essential to this attempt. However, it is particularly difficult because of the inherent uncertainties. A sophisticated methodological approach was proposed to handle these uncertainties in this study. The approach makes use of Fermatean probabilistic hesitant fuzzy sets (FePHFSs), and emphasizes the resilience of algebraic operations and their crucial role in improving the effectiveness of decision-making. In particular, a noteworthy development in the field of multiple attribute decision making (MADM) is the introduction of novel probabilistic hesitant fuzzy sets (PHFSs) aggregation operators, which are created by carefully synthesizing algebraic operations with the Combined Compromise Solution (CoCoSo) method. A key component of this technique is the application of the CoCoSo strategy, which is well known for its resilience in optimal goal selection and uses various aggregation strategies to effectively navigate the complex, multicriteria decision-making environment. A thorough numerical case study illustrates the adaptability and efficacy of this method and highlights its potential in practical settings. Decision-makers now have a new and effective tool that helps them make better informed and trustworthy decisions even in the face of uncertainty by combining PHFS with the CoCoSo technique. This method offers real-world implications for improving disaster response plans in addition to advancing the theory of decision support systems.
In the context of the free trade port initiative, an in-depth investigation into the pricing strategies of Hainan's travel agencies was conducted, focusing on the pivotal role of customer value. This study employed empirical analytical methods, including questionnaire surveys and data analysis, to rigorously test hypotheses related to customer value-oriented pricing strategies. It was discovered that customers exhibit a predominant preference for pricing strategies anchored in their value perceptions, notwithstanding the variations in their assessments of diverse tourism products. Strategies grounded in customer value were found to be more effective in fulfilling customer requirements and augmenting satisfaction levels. The research accentuates the crucial importance of aligning pricing strategies with customer value in the context of tourism product pricing. This approach holds significant theoretical relevance and practical utility for the evolution of Hainan's tourism industry. The findings offer fresh perspectives and strategic directions for the tourism sector in Hainan, contributing to its sustainable growth and the enhancement of its competitive stature.
The onset of the global pandemic has underscored the pivotal role of logistics, bolstered by information and communication technologies, in the resilience of supply chain networks. This study investigates the transformative impact of the COVID-19 pandemic on these networks, with a focus on the resultant operational challenges and labor shortages experienced in Poland – a critical hub in European supply chains. The research delves into how cooperative game theory can be strategically applied to address workforce deficits, particularly in sectors vital to Poland's economy, such as food and healthcare. In the context of reduced operations triggered by illness, fatalities, and preventive measures, including travel restrictions, this study elucidates the operational dynamics within supply chain networks through game theory frameworks. It scrutinizes the strategies implemented by major corporations, including Amazon, DHL, Post Office, KFC, and McDonald's, to navigate these challenges. The methodology encompasses an analysis of the network structure of supply chain game theory, tailored to the operational confines of Poland's logistics sector, acknowledging its role as Europe's breadbasket. The findings reveal various approaches to counteract labor shortages exacerbated by the pandemic, drawing parallels with similar challenges in regions like Africa, Asia, Ukraine, Turkey, and India. The study highlights the diverse impacts of workforce disruptions on commodity prices and the revenues of logistics companies within the supply network economy. These insights contribute to a broader understanding of the financial and operational implications of cooperative game theory in the context of global health emergencies. Conclusively, this research augments existing literature by demonstrating the applicability of cooperative game theory in addressing labor shortages under pandemic-induced constraints. It presents a comprehensive analysis of the strategies employed by key players in the logistics sector, offering valuable perspectives on mitigating operational disruptions in times of crisis.
Open Access
Journal Metrics
Journal Overview
Associated Journals