Fuzzy-Bayesian Approach on the Bankruptcy of
Hanjin Shipping

kamal, bünyamin; AYDIN, MUHAMMET

doi:10.4274/jems.2021.56689

Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping

Muhammet AYDIN, (Recep Tayyip Erdoğan Üniversitesi, Deniz Mühendisliği Bölümü, Rize, Türkiye)

Bünyamin KAMAL (Recep Tayyip Erdoğan Üniversitesi, Deniz Ulaştırma ve İşletme Mühendisliği Bölümü, Rize, Türkiye)

Journal of Eta Maritime Science

8 1

Yıl: 2022 Cilt: 10 Sayı: 1 Sayfa Aralığı: 2 - 15 Metin Dili: İngilizce DOI: 10.4274/jems.2021.56689 İndeks Tarihi: 14-06-2022

Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping

Öz:

The vital role of container liner shipping in international trade suggests that understanding why container liner firms go bankrupt is crucial to the sustainability of the maritime supply chain to improve resilience. Considering the insolvency of Hanjin Shipping as a case study, this paper investigates the probabilistic relationships among the bankruptcy causal factors that are disclosed qualitatively and quantitatively, exploiting a fuzzy Bayes network approach. A sensitivity analysis is conducted to increase the accuracy of the findings. Outcomes of the paper reveal that an integrated approach comprising of both endogenous and exogenous causal factors is a more powerful approach to explain the demise of Hanjin Shipping. Compared to exogenous factors, endogenous factors account more for the collapse of the firm. Furthermore, it is found that government support would have been a more influential measure to mitigate the negative effects of the demise compared to the merging and acquisition practice. Competitor liner operators, policymakers, and stakeholders in the maritime supply chain ecosystem can utilize the outcomes of this research to mitigate the bankruptcy risk and improve the maritime supply chain resilience capacity.

Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	AYDIN M, kamal b (2022). Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. , 2 - 15. 10.4274/jems.2021.56689
Chicago	AYDIN MUHAMMET,kamal bünyamin Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. (2022): 2 - 15. 10.4274/jems.2021.56689
MLA	AYDIN MUHAMMET,kamal bünyamin Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. , 2022, ss.2 - 15. 10.4274/jems.2021.56689
AMA	AYDIN M,kamal b Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. . 2022; 2 - 15. 10.4274/jems.2021.56689
Vancouver	AYDIN M,kamal b Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. . 2022; 2 - 15. 10.4274/jems.2021.56689
IEEE	AYDIN M,kamal b "Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping." , ss.2 - 15, 2022. 10.4274/jems.2021.56689
ISNAD	AYDIN, MUHAMMET - kamal, bünyamin. "Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping". (2022), 2-15. https://doi.org/10.4274/jems.2021.56689

APA	AYDIN M, kamal b (2022). Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. Journal of Eta Maritime Science, 10(1), 2 - 15. 10.4274/jems.2021.56689
Chicago	AYDIN MUHAMMET,kamal bünyamin Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. Journal of Eta Maritime Science 10, no.1 (2022): 2 - 15. 10.4274/jems.2021.56689
MLA	AYDIN MUHAMMET,kamal bünyamin Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. Journal of Eta Maritime Science, vol.10, no.1, 2022, ss.2 - 15. 10.4274/jems.2021.56689
AMA	AYDIN M,kamal b Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. Journal of Eta Maritime Science. 2022; 10(1): 2 - 15. 10.4274/jems.2021.56689
Vancouver	AYDIN M,kamal b Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping. Journal of Eta Maritime Science. 2022; 10(1): 2 - 15. 10.4274/jems.2021.56689
IEEE	AYDIN M,kamal b "Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping." Journal of Eta Maritime Science, 10, ss.2 - 15, 2022. 10.4274/jems.2021.56689
ISNAD	AYDIN, MUHAMMET - kamal, bünyamin. "Fuzzy-Bayesian Approach on the Bankruptcy of Hanjin Shipping". Journal of Eta Maritime Science 10/1 (2022), 2-15. https://doi.org/10.4274/jems.2021.56689