Gul Freen1, Sajida Kousar1, Nasreen Kausar2, Dragan Pamucar3, Georgia Irina Oros4,*
CMC-Computers, Materials & Continua, Vol.74, No.3, pp. 4861-4879, 2023, DOI:10.32604/cmc.2023.032985
Abstract The petroleum industry has a complex, inflexible and challenging supply chain (SC) that impacts both the national economy as well as people’s daily lives with a range of services, including transportation, heating, electricity, lubricants, as well as chemicals and petrochemicals. In the petroleum industry, supply chain management presents several challenges, especially in the logistics sector, that are not found in other industries. In addition, logistical challenges contribute significantly to the cost of oil. Uncertainty regarding customer demand and supply significantly affects SC networks. Hence, SC flexibility can be maintained by addressing uncertainty. On the other hand, in the real world,… More >
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