Balanced Scorecard for the Digital Transformation of Global Container Shipping Lines

Maydanova, Svetlana; Ilin, Igor; Jahn, Carlos; Lange, Ann-Kathrin; Korablev, V. V.

doi:10.2991/icdtli-19.2019.72

Cited by 6 publications

(3 citation statements)

References 6 publications

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“…The generated scorecard, with fewer than 20 measures, is suitable for a specific problem and is used as a reference to all management levels (Dinçer et al, 2019;Malagueño et al, 2018;Muda et al, 2018). In the literature, several BSC applications are dealing with various maritime challenges (Lin et al, 2022;Maydanova et al, 2019;Sakovi c Jovanovi c et al, 2019;Sanchez-Gonzalez et al, 2022).…”

Section: Selected Constraints For Nox Technologiesmentioning

confidence: 99%

Evaluation of constraints for investment in NOx emission technologies: case study on Greek bulk carrier owners

Karahalios

2024

MABR

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PurposeThe maritime industry is the transport mode that contributes most to air pollution. The International Maritime Organization (IMO) identified the reduction of air pollution by ships as a crucial issue. Since 1 January 2020, ships have had to adopt strategies and new technologies to eliminate air pollution. However, ship compliance with nitrate oxide (NOx) emission restrictions is more challenging. This paper aims to identify ship owners' challenges in investing in new technologies.Design/methodology/approachThis paper applied a hybrid methodology combining a survey, a balanced scorecard and fuzzy analytic hierarchy process (F-AHP) to identify and evaluate constraints and weights in investment decision-making for NOx technologies. A survey was carried out to validate constraints.FindingsA survey was carried out, representing 5.1% of Greek-owned ships by deadweight capacity. The findings provide a weighted list of seven crucial technical and economic constraints faced by ship operators. The constraints vary from ship retrofit expenditure to crew training and waste management. Additionally, NOx emission technologies were compared. It was found that liquefied natural gas is the preferred investment option for the survey participants compared with selective catalytic reduction, exhaust gas recirculation and batteries.Originality/valueSeveral studies have dealt with the individual technical feasibility of NOx reduction technologies. However, apart from technical feasibility for a shipowner, the selection of a NOx technology has several managerial and safety risks. Therefore, the originality of this paper is to reveal those constraints that have a higher weight on ship owners. With this cost-benefit approach, investment challenges for ship operators are revealed. Policymakers can benefit from the results of the employed methodology.

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Section: Selected Constraints For Nox Technologiesmentioning

confidence: 99%

Evaluation of constraints for investment in NOx emission technologies: case study on Greek bulk carrier owners

Karahalios

2024

MABR

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“…Zanon et al [49] investigated using the BSC model for a digital transformation strategy in railway companies with a case report from Brazil. Valuable research on using BSC models for the digital transformation of global container shipping lines was published [50].…”

Section: Previous Researchmentioning

confidence: 99%

Digital Balanced Scorecard System as a Supporting Strategy for Digital Transformation

Fabac

2022

Sustainability

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Reports of the high percentage of failed digital transformation ventures motivate the need to find a comprehensive framework with regulatory attributes to support these initiatives. Due to its structure, consistent strategy decomposition capabilities, and strategic map architecture, the assumption is that a customized version of the Balanced Scorecard can ensure the better overall success of digital transformation projects. The qualitative analysis methodology was applied to previous research, and this study identified critical issues and challenges related to the strategy and overall endeavor of digital transformation. Based on the methodology of the traditional Balanced Scorecard, a draft version of the Digital Balanced Scorecard was formulated. The Digital Balanced Scorecard is a comprehensive, primarily prescriptive model that is focused directly on the challenges, opportunities, and obstacles of transformation. The proposed BSC model can consistently interpret a digital strategy and assist organization leaders in successfully formulating and coordinating all necessary activities and projects to apply technologies. The Digital BSC provides the projection of financial results and improvements in sustainability after transformation. The proposed solution to support digital transformation can accelerate an organization’s development, improve efficiency, and strengthen efforts to achieve an organization’s sustainability goals.

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“…Then a derived scorecard can be used as a common tool for all levels within an organisation [46][47][48][49][50]. In the shipping industry, the BSC has been broadly used as a benchmarking tool because of its low-cost enforcement [51][52][53][54]. Furthermore, recent literature suggests that a scorecard could be set in a hierarchical framework.…”

Section: Measurement Of Psc Mou Performancementioning

confidence: 99%

Contribution of PSC Authorities to Ship Accident Prevention

Karahalios¹

2021

SN Oper. Res. Forum

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Historically, several maritime casualties have caused loss of lives or environmental disasters. World states are responsible to eliminate such disasters, along with the improvement and efficiency of goods transportation. To prevent similar cases, states have agreed to enforce international standards to oceangoing ships. For monitoring purposes, each state has empowered its Port State Control (PSC) to inspect foreign ships. Nevertheless, there are arguments that ships are over-inspected while accidents still occur. As a complementary action, some private organisations developed risk-based models, which used inspection results by PSC authorities to rate substandard ships. However, these companies provide the results of ships rating only to their clients. In this paper, it is argued that variations among PSC standards are not included in existing risk-based models. Therefore, in the proposed methodology, a Risk Accident Likelihood Tool is introduced, which is based on the reported ship deficiencies. The innovative idea is that every deficiency is weighted according to the rigorousness of the PSC recording the deficiency. This study shows that the challenges of inspection authorities are mainly caused by insufficient resources or poor organisational issues. Eventually, the proposed risk methodology provides a simplified scoring method. Ships with a high score are more likely to suffer an accident.

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Balanced Scorecard for the Digital Transformation of Global Container Shipping Lines

Cited by 6 publications

References 6 publications

Evaluation of constraints for investment in NOx emission technologies: case study on Greek bulk carrier owners

Evaluation of constraints for investment in NOx emission technologies: case study on Greek bulk carrier owners

Digital Balanced Scorecard System as a Supporting Strategy for Digital Transformation

Contribution of PSC Authorities to Ship Accident Prevention

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