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A framework for risk assessment, management and evaluation: Economic tool for quantifying risks in supply chain

Authors: Mohamed Abdel-Basset; M. Gunasekaran; Mai Mohamed; Naveen Chilamkurti;

A framework for risk assessment, management and evaluation: Economic tool for quantifying risks in supply chain

Abstract

Nowadays risks become a critical part in our life since they are involved in everything we do and participate. Some people do not want to do anything which associated with risk and others flourish on risk. In both types of people, they must relieve their risk through utilizing safety measures such as flame retardant suits and helmets for race car drivers, and safety ropes for rock climbers. All risks can be minimized to a manageable level by employing the proper mitigation strategy. In supply chain, the decisionmaking process contains risks which can be influential on the company’s progress in introducing a new product, expanding in various markets, and outsourcing manufacturing operations.

Keywords

Multi-criteria decision making (MCDM)

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selected citations
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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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