The Balanced Scorecard (BSC) is a valuable management system which is used for different companies to elucidate and translate their strategies into execution; nevertheless the BSC has not been planned for container terminals and ports users' satisfaction in a great extent. This article addresses the issue of deploying BSC as an accepted management tool for measuring competitive advantage of ports users with a focus on container terminals. Use of balanced scorecard helps port and terminal managers to understand better strategic vision as well as their own contribution to implementation of strategic goals. The BSC can be used by the companies which are responsible for handling container terminals operation in order to achieve value, controlling core competencies, satisfying the terminal's users or customers and offering bonus to the terminal's shareholders.
Background and Theoretical Foundations: Considering the existed uncertainty in fuel prices, a good risk management strategy is vital for the shipping companies as the other transport companies which are exposed to the mentioned fluctuations. In this regards, this article is aimed to calculate the optimum hedging ratio for the ship fuel in terms of minimum risk.
Methodology:To account for the non-constant structure of return VAR-CCC model is applied.After the estimation, the spillover and conditional structure of the variances can be analyzed. These spillovers will be important in the risk calculation of any optional basket consisting two mentioned energy carriers. In the next step, Optimization process is performed by using the Lagrangian multiplier technique. The data are obtained from Bloomberg daily closing price of energy carriers for the spanning 10 years which started from January 2010 and ends to February 2019.
Findings:Results suggested that almost all of parameters were significant at 5% and was in line with the previous findings.
Conclusion:. The risk of ship fuel price fluctuations would be minimize if they hedge 34% of their Ship fuel with holding crude oil future contract.
Abstract-Strategic planning is one of the most important activities associated with the almost all of the organizations and firms. In the other hand, the lack of alignment of organization elements towards the organizational strategy leads to poor execution. When the different departments of the organization have different strategies that are different directions and implementations, the whole organizational purposes and visions rarely could archive. The main purpose of this paper id to presentation a new framework for align organizational strategies by using the Total Systems Intervention (TSI) approach for decision makers and all the managers and beneficiaries the associated with the process of strategic planning in the organizations. Total Systems Intervention (TSI) is a meta-methodology that brings together a range of systems metaphors, a framework of systems methodologies, and various systems approaches to enable creative problem solving. In this paper after detail literature review of the field, the Analytical Framework for strategic alignment will present. In the final paper both theoretical and applied recommendation will provided.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.