A systemic approach for disruption risk assessment in oil and gas supply chains

Alfaqiri, Abdulrahman; Hossain, Niamat Ullah Ibne; Jaradat, Raed; Abutabenjeh, Sawsan; Keating, Charles B.; Khasawneh, Mahmoud; Pinto, C. Ariel

doi:10.1504/ijcis.2019.100428

Cited by 29 publications

(13 citation statements)

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“…Political instability, economic crises, piracy, terrorism, and conflicts are just some of the hazards the sector faces as a result. Supply chain integrity is a major concern for the oil and gas industry, which has led to increased calls for action from regulators and stakeholders to work together to avoid these challenges (Gardas et al, 2019;Alfaqiri et al, 2019).…”

Section: Study Backgroundmentioning

confidence: 99%

Supply Chain Coordination and Supply Chain Cooperation Towards Supply Chain Performance: Mediating Role of Supply Chain Ambidexterity in the Kingdom of Saudi Arabia

Alahmad

2024

المجلة العلمية للدراسات والبحوث المالية والتجارية

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The most vital energy resources for modern society are oil and natural gas. These two fundamental factors might have a considerable impact in the development of international relations due to their strategic importance in global economic and political situation. Hence, this research designs a model to enhance the supply chain performance in the oil and gas companies in the kingdom of Saudi Arabia (KSA). The recent study aimed to examine the impact of the SC coordination and SC cooperation on the SC performance with the mediating effect of the SC ambidexterity in the oil and gas companies in KSA. A total of 300 questionnaires selected of the oil and gas companies in KSA using convenience sampling method. The study used SEM with SMART-PLS 4 to analyze the data collected.The measurement model applied to analyze the validity and reliability of the model, the path coefficient in the structural equation model used to test the study hypotheses. The results of this study support all of five direct effect hypotheses and two mediation hypotheses. The result of the study finds that SC collaboration has a significant impact on the SC performance and SC ambidexterity, and SC cooperation has a significant impact on the SC performance and SC ambidexterity. Also, the result of the study found significant impact of the SC ambidexterity on SC performance in the oil and gas companies KSA. Moreover, the result of the study confirms the mediating role of the SC ambidexterity on the impact of the SC collaboration and SC cooperation on SC performance. The study provides very important implications to the managers of the KSA to improve their supply chain performance to gain competitive advantage by applying model of SC collaboration, SC cooperation and SC ambidexterity in oil and gas industry.

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Section: Study Backgroundmentioning

confidence: 99%

Supply Chain Coordination and Supply Chain Cooperation Towards Supply Chain Performance: Mediating Role of Supply Chain Ambidexterity in the Kingdom of Saudi Arabia

Alahmad

2024

المجلة العلمية للدراسات والبحوث المالية والتجارية

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“…SCs across various industries are susceptible to various risks, including natur asters, regulatory changes, globalization, political instability, terrorism, stockouts, portation delays, and more. Researchers have extensively explored the effects of risks on SC disruptions, recovery efforts, and resilience-building me [38,39,43,44,47]. Government regulations and policies can significantly impact SC tions and decision-making processes, necessitating adaptation and alignment stra with evolving regulations [48,49].…”

Section: Understanding Literaturementioning

confidence: 99%

Carbon Capture, Utilization, and Storage Risks from Supply Chain Perspective: A Review of the Literature and Conceptual Framework Development

Kabir,

Khan,

Kabir

2024

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The technology called carbon capture, utilization, and storage (CCUS) is important for capturing CO2 emissions before they enter the air. Because everyone wants to stop global warming by reducing CO2 emissions, CCUS is an important and emerging technology that can help slow down climate change, lower emissions in many areas, and support the move toward a sustainable and carbon-neutral future. As CCUS technology and its adaptation increases, it is very important to pay attention to the CCUS risks from a supply chain (SC) point of view. The goal of this study was to identify CCUS supply chain risks and develop a conceptual framework (CF) that provides a structured approach to ensure safe and reliable CCUS supply chain operations. Therefore, this study analyzed the literature related to the SCs of different sectors and identified the SC risks, which was the foundation for CCUS SC risk identification. This study demonstrates that there is no research article that provides a comprehensive CCUS SC risk management framework that connects with risk management strategies. The conceptual framework that is proposed in this study connects CCUS SC functions, risks, and risk management strategies to construct a complete CCUS supply chain risk management system. Moreover, the CF provides guidelines for future research, which will enrich the CCUS supply chain risk management system as well as fight climate change.

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“…Crude oil price is essentially dictated by supply and demand, similar to other commodities. Furthermore, the price is also impacted by other unexpected events such as economic crises, political instabilities, piracy, terrorism, war (Alfaqiri et al , 2019) and disease outbreaks (Bouri et al , 2020).…”

Section: Introductionmentioning

confidence: 99%

Modelling the impact of disease outbreaks on the international crude oil supply chain using Random Forest regression

Athaudage

Perera²,

Sugathadasa³

et al. 2022

IJESM

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Purpose The crude oil supply chain (COSC) is one of the most complex and largest supply chains in the world. It is easily vulnerable to extreme events. Recently, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) (often known as COVID-19) pandemic created a massive imbalance between supply and demand which caused significant price fluctuations. The purpose of this study is to explore the influential factors affecting the international COSC in terms of consumption, production and price. Furthermore, it develops a model to predict the international crude oil price during disease outbreaks using Random Forest (RF) regression. Design/methodology/approach This study uses both qualitative and quantitative approaches. A qualitative study is conducted using a literature review to explore the influential factors on COSC. All the data are extracted from Web sources. In addition to COVID-19, four other diseases are considered to optimize the accuracy of predictive results. A principal component analysis is deployed to reduce the number of variables. A forecasting model is developed using RF regression. Findings The findings of the qualitative analysis characterize the factors that influence international COSC. The findings of quantitative analysis emphasize that production and consumption have a higher contribution to the variance of the data set. Also, this study found that the impact caused to crude oil price varies with the region. Most importantly, the model introduced using the RF technique provides a high predictive ability in short horizons such as infectious diseases. This study delivers future directions and insights to researchers and practitioners to expand the study further. Originality/value This is one of the few available pieces of research which uses the RF method in the context of crude oil price forecasting. Additionally, this study examines international COSC in the events of emergencies, specifically disease outbreaks using machine learning techniques.

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A systemic approach for disruption risk assessment in oil and gas supply chains

Cited by 29 publications

References 0 publications

Supply Chain Coordination and Supply Chain Cooperation Towards Supply Chain Performance: Mediating Role of Supply Chain Ambidexterity in the Kingdom of Saudi Arabia

Supply Chain Coordination and Supply Chain Cooperation Towards Supply Chain Performance: Mediating Role of Supply Chain Ambidexterity in the Kingdom of Saudi Arabia

Carbon Capture, Utilization, and Storage Risks from Supply Chain Perspective: A Review of the Literature and Conceptual Framework Development

Modelling the impact of disease outbreaks on the international crude oil supply chain using Random Forest regression

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