Applying the CRAVE Framework to Strategic Decisions in SCM, with a Container Security System Example

This paper systematically argues how the CRAVE (Costs, Risks and Values Evaluation) framework, developed for global technology deployment (GTD) decisions is equally relevant in the specific context of strategic decisions related to container security. Specifically, the authors demonstrate how CRAVE could be applied to a novel Smart Container-based system for supply chain security. The paper is inspired by the fundamentals of cost-benefit analysis (CBA) literature in Business Information Systems (BIS, or IS/IT), and resulting macro observations about today’s supply chain management (SCM) scenario. To be precise, these observations are in terms of major similarities, a déjà vu, between the BIS scenario of the 1980s, the GTD scenario of the 1990s, and today’s SCM revolution fuelled by the forces of globalization and resulting global competition. Finally, the paper concludes by illustrating these general ideas in the specific context of strategic decisions for container security, by applying CRAVE to a Smart Container-based system for maritime supply chain security.

• Record URL:
  http://www.icms.polyu.edu.hk/Proceedings/Proceedings%20of%20IFSPA%202013.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9789623677677
• Supplemental Notes:
  • Abstract reprinted with permission of Hong Kong Polytechnic University.
• Corporate Authors:

  Hong Kong Polytechnic University

  Department of Logistics and Maritime Studies
  Tung International Centre for Maritime Studies
  Hong Kong,   China 
• Authors:
  • Gujar, Girish
  • Yan, Hong
  • Toraskar, Kranti
• Conference:
  • International Forum on Shipping, Ports and Airports (IFSPA) 2013: Trade, Supply Chain Activities and Transport: Contemporary Logistics and Maritime Issues
  • Location: Hong Kong , China
  • Date: 2013-6-3 to 2013-6-5
• Publication Date: 2013-8

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References;
• Pagination: pp 110-121
• Monograph Title: Proceedings of the International Forum on Shipping, Ports and Airports (IFSPA) 2013: Trade, Supply Chain Activities and Transport: Contemporary Logistics and Maritime Issues

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Container traffic; Containers; Decision making; Freight security; Multiple criteria decision making; Risk; Supply chain management
• Subject Areas: Economics; Freight Transportation; Marine Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 01495924
• Record Type: Publication
• ISBN: 9789623677677
• Files: TRIS
• Created Date: Oct 14 2013 2:59PM