Global supply chains networks risk management

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Goh M, Lim JYS, Meng F (2007) A stochastic model for risk management in global supply chain networks. Eur J Oper Res 182 164—173... 

Goh, Mark, Joseph Y. S. Lim, and Fanwen Meng. A Stochastic Model for Risk Management in Global Supply Chain Networks. European Journal of Operational Research 182, no. 1 (2007) 164-173. 

Risk Management in Global Supply Chain Networks... 

Viswanadham and Gaonkar (Risk Management in Global Supply Chain Networks) looked at a timely issue - the impact of risk and disruption in supply chain. They developed a framework and classification to handle supply chain risk management issues. They developed mathematical models, built on mapping of exceptions and consequences using fault trees and event trees, to design robust inbound supply chains that are resilient to deviations and disruptions. 

Kim Y, Chen Yi-Su, Linderman K (2015) Supply network disruption and resilience a network structural perspective. J Oper Manag 33-34 43-59 Kungwalsong K (2013) Managing dismption risks in global supply chains. Unpublished PhD dissertation, Pennsylvania State University... 

Squire B (2010) Managing supply risks understanding the impact of network characteristics. In Ponis ST (ed) Managing risk in virtual enterprise networks. IGl Global Subramanian P, Ravindran AR (2014) Design of closed loop supply chain networks. Int J Bus Anal l(l) 43-66... 

This chapter presented a disruption risk assessment method for managing the supply disruptions in a global supply chain. The assessment can help practitioners to quantify risks in their supply chains based on hazards, vulnerability, and risk management practices. The disruption risk scores of suppliers facilities and transportation links can lead a company to proactively manage its suppliers. They then can use the disruption risk matrix to visualize the relative risk of all idenfified hazards. We presented a case study of a global distribution company to illustrate the application of this framework in assessing disruption risks for facilities and transportation links. This framework can be used to develop a company disruption risk profile, which in turn can be used to identify the critical network components that are prone to disruptions and to prioritize the risk mitigation activities. 

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