Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

UM Center for Advanced Supply Chain Management studies Trinidad and Tobago logistics performance

05.06.2013
Study looked at logistics 'friendliness' using World Bank methodologies

Port of Spain, Trinidad and Tobago (May 30, 2013) – The University of Miami's Center for Advanced Supply Chain Management (CASCM), in collaboration with Arthur Lok Jack Graduate School of Business (ALJGSB), recently completed a study to develop the Logistics Performance Index (LPI) for Trinidad and Tobago. Established by the World Bank, LPI measures logistics "friendliness" of the countries for operators trading in and with those countries.

According to The World Bank, LPI helps countries identify the challenges and opportunities they face in their trade logistics performance and what they can do to improve. Supported by the Ministry of Trade, Industry and Investment of Trinidad and Tobago, InvesTT, and The Shipping Association & Plipdeco, the UM study has followed the methodologies and metrics adopted by the World Bank. The results of the study were reported to Honorable Minister Vasant Bharat on May 28, 2013 in Port of Spain. UM ranked Trinidad and Tobago 68th of 155 countries they ranked.

The LPI is calculated based on feedback received from surveys conducted with logistics companies operating at domestic and/or international levels. It integrates both qualitative and quantitative measures into a single score ranging from 1 to 5 for a country. A higher score signifies a better performance in logistics friendliness in trade related operations. The index is compiled as weighted average of six distinct scores including efficiency of the clearance process at customs, quality of trade and transport related infrastructure, ease of arranging competitive pricing for shipments, competence and quality of logistics services, ability to track and trace consignments, and timeliness of shipments. The scores are used to build country rankings to demonstrate relative performances.

World Bank conducts the LPI Survey every two years to improve the reliability and value of the country scores. Due to lack of response volume from surveys, Trinidad and Tobago has not been included in the World Bank's LPI reports. While the study was initiated with the goal of gaining valuable insights pertaining to Trinidad and Tobago's trade logistics performance, it was also motivated by the efforts towards the country's inclusion in the World Bank's coverage.

Dr. Miguel Carrillo, the director of ALJGSB of Trinidad and Tobago emphasized this point. "The study is quite instrumental in providing critical information regarding the state of the business logistics in Trinidad and Tobago and thus, enhancing the awareness of our community at large and the logistics sector in particular," he said. "We anticipate that this will lead to increased participation in the LPI World Bank surveys for this country that has become an active player in international trade in recent years with her rich natural resources."

"This study has been significant from two standpoints," commented Dr. Murat Erkoc, the director of University of Miami's CASCM and an associate professor of Industrial Engineering. "For one, this has been an exemplary collaboration between two educational institutions at international level with different academic disciplines. While as engineers we were running algorithms and crunching numbers, our partners at ALJGSB in overseas put our figures into perspective for their country," he said. "Second, this study has been a great opportunity for our Center in learning and conducting research about supply chains in the neighboring regions. We distinguish ourselves from our sister centers across the nation with our research primarily focusing on Latin America, Caribbean Basin and South Florida," he added. "This only makes sense as we are located in South Florida which has been and is continuing to be the primary logistical hub of North America for those regions."

The results of the study were presented and delivered to the Minister by Salvador Romo, the Industry advisor of CASCM and a Ph.D. candidate at the UM Department of Industrial Engineering in an event held in Port of Spain on May 28. The full study is available upon request.

Annette Gallagher | EurekAlert!
Further information:
http://www.umiami.edu

More articles from Transportation and Logistics:

nachricht Experiments show that a few self-driving cars can dramatically improve traffic flow
10.05.2017 | University of Illinois College of Engineering

nachricht Tool helps cities to plan electric bus routes, and calculate the benefits
09.01.2017 | International Institute for Applied Systems Analysis (IIASA)

All articles from Transportation and Logistics >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Can the immune system be boosted against Staphylococcus aureus by delivery of messenger RNA?

Staphylococcus aureus is a feared pathogen (MRSA, multi-resistant S. aureus) due to frequent resistances against many antibiotics, especially in hospital infections. Researchers at the Paul-Ehrlich-Institut have identified immunological processes that prevent a successful immune response directed against the pathogenic agent. The delivery of bacterial proteins with RNA adjuvant or messenger RNA (mRNA) into immune cells allows the re-direction of the immune response towards an active defense against S. aureus. This could be of significant importance for the development of an effective vaccine. PLOS Pathogens has published these research results online on 25 May 2017.

Staphylococcus aureus (S. aureus) is a bacterium that colonizes by far more than half of the skin and the mucosa of adults, usually without causing infections....

Im Focus: A quantum walk of photons

Physicists from the University of Würzburg are capable of generating identical looking single light particles at the push of a button. Two new studies now demonstrate the potential this method holds.

The quantum computer has fuelled the imagination of scientists for decades: It is based on fundamentally different phenomena than a conventional computer....

Im Focus: Turmoil in sluggish electrons’ existence

An international team of physicists has monitored the scattering behaviour of electrons in a non-conducting material in real-time. Their insights could be beneficial for radiotherapy.

We can refer to electrons in non-conducting materials as ‘sluggish’. Typically, they remain fixed in a location, deep inside an atomic composite. It is hence...

Im Focus: Wafer-thin Magnetic Materials Developed for Future Quantum Technologies

Two-dimensional magnetic structures are regarded as a promising material for new types of data storage, since the magnetic properties of individual molecular building blocks can be investigated and modified. For the first time, researchers have now produced a wafer-thin ferrimagnet, in which molecules with different magnetic centers arrange themselves on a gold surface to form a checkerboard pattern. Scientists at the Swiss Nanoscience Institute at the University of Basel and the Paul Scherrer Institute published their findings in the journal Nature Communications.

Ferrimagnets are composed of two centers which are magnetized at different strengths and point in opposing directions. Two-dimensional, quasi-flat ferrimagnets...

Im Focus: World's thinnest hologram paves path to new 3-D world

Nano-hologram paves way for integration of 3-D holography into everyday electronics

An Australian-Chinese research team has created the world's thinnest hologram, paving the way towards the integration of 3D holography into everyday...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Marine Conservation: IASS Contributes to UN Ocean Conference in New York on 5-9 June

24.05.2017 | Event News

AWK Aachen Machine Tool Colloquium 2017: Internet of Production for Agile Enterprises

23.05.2017 | Event News

Dortmund MST Conference presents Individualized Healthcare Solutions with micro and nanotechnology

22.05.2017 | Event News

 
Latest News

How herpesviruses win the footrace against the immune system

26.05.2017 | Life Sciences

Water forms 'spine of hydration' around DNA, group finds

26.05.2017 | Life Sciences

First Juno science results supported by University of Leicester's Jupiter 'forecast'

26.05.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>