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Books > Business & Economics > Economics
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Risk Management in Supply Chains - Using Linear and Non-linear Models (Hardcover)
Loot Price: R4,134
Discovery Miles 41 340
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Risk Management in Supply Chains - Using Linear and Non-linear Models (Hardcover)
Series: Routledge Advances in Risk Management
Expected to ship within 12 - 17 working days
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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.
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