Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/73013
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dc.titleA conceptual and analytical framework for the management of risk in supply chains
dc.contributor.authorGaonkar, R.
dc.contributor.authorViswanadham, N.
dc.date.accessioned2014-06-19T05:30:10Z
dc.date.available2014-06-19T05:30:10Z
dc.date.issued2004
dc.identifier.citationGaonkar, R.,Viswanadham, N. (2004). A conceptual and analytical framework for the management of risk in supply chains. Proceedings - IEEE International Conference on Robotics and Automation 2004 (3) : 2699-2704. ScholarBank@NUS Repository.
dc.identifier.issn10504729
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/73013
dc.description.abstractIn this paper, we develop a framework to classify supply chain risk management problems and approaches for the solution of these problems. We argue that risk management problems need to be handled at three levels strategic, operational and tactical. In addition, risk within the supply chain might manifest itself in the form of deviations, disruptions and disasters. To handle unforeseen events in the supply chain there are two obvious approaches: (1) to design chains with built in risk-tolerance and (2) to contain the damage once the undesirable event has occurred. Both of these approaches require a clear understanding of undesirable events that may take place in the supply chain and also the associated consequences and impacts from these events. We can then focus our efforts on mapping out the propagation of events in the supply chain due to supplier non-performance, and employ our insight to develop two mathematical programming based preventive models for strategic level deviation and disruption management. The first model, a simple integer quadratic optimization model, adapted from the Markowitz model, determines optimal partner selection with the objective of minimizing both the operational cost and the variability of total operational cost. The second model, a simple mixed integer programming optimization model, adapted from the credit risk minimization model, determines optimal partner selection such that the supply shortfall is minimized even in the face of supplier disruptions. Hence, both of these models offer possible approaches to robust supply chain design.
dc.sourceScopus
dc.subjectPartner Selection
dc.subjectRisk Management
dc.subjectSupplier Portfolio Optimization
dc.subjectSupply Chain Management
dc.subjectSupply Chain Risk Management
dc.typeConference Paper
dc.contributor.departmentTHE LOGISTICS INSTITUTE - ASIA PACIFIC
dc.contributor.departmentMECHANICAL ENGINEERING
dc.description.sourcetitleProceedings - IEEE International Conference on Robotics and Automation
dc.description.volume2004
dc.description.issue3
dc.description.page2699-2704
dc.description.codenPIIAE
dc.identifier.isiutNOT_IN_WOS
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