Key Performance Indicators (KPIs) and Shipping Companies Performance Evaluation: The Case of Greek Tanker Shipping Companies

Konsta, Katerina; Plomaritou, Evi

doi:10.5539/ijbm.v7n10p142

Cited by 23 publications

(13 citation statements)

References 13 publications

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“…cost, quality and time [39]. Quality, delivery, customer services, time measures, utilization of resources, costs and flexibility can be used to build a framework to measure performance of companies, and companies' executives need to choose the number of KPIs that are linked to the business strategy [40]. Even some studies claim that the cost, time and quality are more noticeable criteria to evaluate company's performance, other studies reveal that the successful companies are using more complex key performance indicators.…”

Section: Determination Of Evaluation Criteriamentioning

confidence: 99%

The Role of Environmental Factors in the Investment Prioritization of Facilities Using Recycled PVC

Baç¹

2021

Pol. J. Environ. Stud.

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There are many types of solid wastes however, plastic wastes are among the ones which have several harmful effects on the environment. Plastic wastes have a long decomposition time in nature and the dangerous chemical compounds in them make them a threat for the environment along with other types of waste. Contamination caused by the plastic wastes attracts worldwide attention nowadays. As a member of thermoplastic polymers family, polyvinyl chloride (PVC) products are one of the most preferred type of plastic composition, which holds an important ratio in the total plastic waste amount. PVC wastes should either be disposed or recycled to minimize their harmful effects on the environment. The disposal approach is easy and cheap, but recycling alternative requires the investment on special facilities hence, a more expensive solution. However, disposal alternatives, such as landfilling and incineration, may also cause pollution due to high chlorine content of PVC; whereas, mechanical and chemical recycling options reduce many environmental problems. There is a clear tradeoff in the decision of handling PVC waste between the costs and environmental effects. The purpose of this study is to evaluate the factors considered during the investment decisions of PVC manufacturers to find out the importance of environmental factors by using a multi-criteria group decision making method.

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Section: Determination Of Evaluation Criteriamentioning

confidence: 99%

The Role of Environmental Factors in the Investment Prioritization of Facilities Using Recycled PVC

Baç¹

2021

Pol. J. Environ. Stud.

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“…In a limited number of studies, models for multi-criteria decision-making are used. The research shown in [37] has indicated that KPIs are necessary to improve internal organization, relationship with customers, competitiveness, and strategy planning in the case of tanker companies in Greece. Nathnail et al [38] used the analytic hierarchy process (AHP) to assess the significance of each criterion in KPIs and the overall performance of two terminals.…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring Performance in Transportation Companies in Developing Countries: A Novel Rough ARAS Model

et al. 2018

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The success of any business depends fundamentally on the possibility of balancing (symmetry) needs and their satisfaction, that is, the ability to properly define a set of success indicators. It is necessary to continuously monitor and measure the indicators that have the greatest impact on the achievement of previously set goals. Regarding transportation companies, the rationalization of transportation activities and processes plays an important role in ensuring business efficiency. Therefore, in this paper, a model for evaluating performance indicators has been developed and implemented in three different countries: Bosnia and Herzegovina, Libya and Serbia. The model consists of five phases, of which the greatest contribution is the development of a novel rough additive ratio assessment (ARAS) approach for evaluating measured performance indicators in transportation companies. The evaluation was carried out in the territories of the aforementioned countries in a total of nine companies that were evaluated on the basis of 20 performance indicators. The results obtained were verified throughout a three-phase procedure of a sensitivity analysis. The significance of the performance indicators was simulated throughout the formation of 10 scenarios in the sensitivity analysis. In addition, the following approaches were applied: rough WASPAS (weighted aggregated sum product assessment), rough SAW (simple additive weighting), rough MABAC (multi-attributive border approximation area comparison) and rough EDAS (evaluation based on distance from average solution), which showed high correlation of ranks by applying Spearman's correlation coefficient (SCC).

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“…This created a gap as to why not a carrier selection research be done from freight forwarder's perspective as well. Literature also supported that container shipping lines have different customers; however, the core customers are freight forwarders (Konsta and Plomaritou, 2012). Freight forwarders have huge volumes and carriers are mostly working with freight forwarders to get more business.…”

Section: Introductionmentioning

confidence: 99%

Factors Influencing Selection of Container Shipping Lines in Pakistan – A Logistics Perspective

Iqbal

Siddiqui

2017

Asian bus. rev.

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The purpose of this study is to understand the most influential factors affecting the selection of container shipping lines in Karachi, Pakistan and to assist shipping lines to formulate their strategies and long-term goals by influential factors. Reliability, transport cost, responsiveness and IT orientation and communication are the key influential factors in the selection of container shipping lines. An online survey was conducted to acquire responses from shipping line customers, i.e., freight forwarders, exporters, manufacturers, etc. Questionnaires were sent to 350 individuals who have a clear responsibility of selecting container shipping line based on their preferences and logistics requirement. Out of these 350 respondents, 150 usable responses were received having a response rate of 44%. Data were analyzed by using SPSS Statistics. Multiple regression tests were run to evaluate influential factors on the selection of container shipping lines. The Reliability test was also executed to indicate significance.

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Key Performance Indicators (KPIs) and Shipping Companies Performance Evaluation: The Case of Greek Tanker Shipping Companies

Cited by 23 publications

References 13 publications

The Role of Environmental Factors in the Investment Prioritization of Facilities Using Recycled PVC

The Role of Environmental Factors in the Investment Prioritization of Facilities Using Recycled PVC

Measuring Performance in Transportation Companies in Developing Countries: A Novel Rough ARAS Model

Factors Influencing Selection of Container Shipping Lines in Pakistan – A Logistics Perspective

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