LOGISTICS PROJECT PLANNING UNDER CONDITIONS OF RISK AND UNCERTAINTY

  • Iwona Pisz Department of Logistics and Marketing, Faculty of Economics, Opole University
  • Iwona Łapuńka Department of Project Management, Faculty of Production Engineering and Logistics, Opole University of Technology

Abstract

The paper discusses highly important issues related to the practice of logistics project planning under conditions of certainty, risk, and uncertainty. This process requires the use of a variety of planning information (complete or incomplete, express or implied) as well as the generation of new knowledge. The decision-making process takes place in a deterministic or an nondeterministic situation; the former involves complete information (i.e., certainty) and the latter incomplete information (i.e., risk and uncertainty). Becoming acquainted with the discussed issues provides valuable practical knowledge that may be helpful in making important decisions when formulating concepts and models of logistics projects planning undertaken by a single enterprise or a supply chain. 

Published
Dec 19, 2017
How to Cite
PISZ, Iwona; ŁAPUŃKA, Iwona. LOGISTICS PROJECT PLANNING UNDER CONDITIONS OF RISK AND UNCERTAINTY. Transport Economics and Logistics, [S.l.], v. 68, p. 89-102, dec. 2017. ISSN 2657-6104. Available at: <http://www.znetil.ug.edu.pl/index.php/etil/article/view/97>. Date accessed: 21 nov. 2019. doi: http://dx.doi.org/10.5604/01.3001.0010.5325.
Section
Modelling of logistics processes and systems (English version)