Risk Management in Supply Chains -

Risk Management in Supply Chains

Using Linear and Non-linear Models

By Mohammad Heydari, Kin Keung Lai, Zhou Xiaohu

Hardback

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The book examines a relatively unexplored issue in supply chain risk management, which is how long companies specifically take to respond to catastrophic events of low probability but high impact. The book also looks at why such supply chain disruptions are unavoidable, and consequently, all complex supply chains are inherently at risk. The book illustrates how companies can respond to supply chain disruptions with faster responses and in shorter lead-times to reduce impact. In reducing total response time, designing solutions, and deploying a recovery plan sooner after a disruption in anticipation of such events, companies reduce the impact of disruption risk. The book also explores the basics of multiple-criteria decision-making (MCDM) and analytic hierarchy process (AHP), and how they contribute to both the quality of the financial economic decision-making process and the quality of the resulting decisions. The book illustrates through cases in the construction sector how this industry has become more complex and riskier due to the diverse nature of activities among global companies.

Product code: 9780367359515

ISBN 9780367359515
Dimensions (HxWxD in mm) H234xW156
Series Routledge Advances in Risk Management
No. Of Pages 250
Publisher Taylor & Francis Ltd
The book examines is how long companies specifically take to respond to catastrophic events of low probability but high impact. The book also looks at why such supply chain disruptions are unavoidable and consequently, all complex supply chains are inherently at risk.