Evaluating Governance Models in Intermodal Terminal Operations: A Hybrid Grey MCDM Approach
Journal Title: Journal of Intelligent Management Decision - Year 2023, Vol 2, Issue 4
Abstract
Intermodal transportation, crucial for contemporary logistics, enhances supply chain efficiency through integrated multimodal coordination. Central to this ecosystem, intermodal terminals act as pivotal points for seamless mode transitions, significantly influencing cost reduction and environmental sustainability. This research delves into the complex dynamics of intermodal terminal governance, striving to discern the most effective models while establishing a robust evaluative framework. A meticulous examination of seven distinct governance models is conducted against nine criteria, encompassing aspects such as efficiency, cost-effectiveness, regulatory compliance, and socio-economic impact. Employing a novel hybrid Multiple Criteria Decision-Making (MCDM) model, which amalgamates the Best-Worst Method (BWM) and Comprehensive Distance-based Ranking (COBRA) within a grey analytical context, the study facilitates a nuanced, uncertainty-accommodating assessment. Findings highlight the Public-Private Partnership, Concession Agreement, and Cooperative Governance models as exemplary, underscoring the benefits of synergistic public-private cooperation and community engagement. The research contributes significantly by identifying key governance models, providing a comprehensive evaluation framework, and introducing the hybrid MCDM model as an instrumental tool for decision-making within the transportation sector. Structured into five sections, the analysis progresses from an extensive literature review to a detailed methodology of the hybrid model, followed by the presentation of evaluative results, a discussion on the broader implications, and a conclusion synthesizing the principal insights. This investigation offers vital contributions to academic discourse and practical decision-making, laying groundwork for future exploration in this vital field.
Authors and Affiliations
Mladen Krstić, Snežana Tadić, Leonardo Agnusdei
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