Assessing the Usefulness of the Effect-oriented Supply Chain Risk Management Approach in a High Impact Low Frequency Environment

Rasmus Lund, Mads Uhre, Aseem Kinra

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

The paper shows that the effect-oriented Probable Maximum Loss model requires a general consensus on the disruption time before it may improve the assessment of disruptions in an uncertainty  environment. Given that this condition is met, themodel can improve the process of assessing supplier exposure of disruptions by increasing the speed and precision of analysis. However certain und uerstanding issues remain, e.g. probabilistic measures are necessary, costs of risk mitigation are required, managerial incentives for supply chain managers must be aligned with the risk mitigation agenda, and heuristic biases must be understood.
OriginalsprogEngelsk
Publikationsdato2015
Antal sider10
StatusUdgivet - 2015
BegivenhedThe 22nd International Annual EurOMA Conference 2015 - Neuchâtel, Schweiz
Varighed: 26 jun. 20151 jul. 2015
Konferencens nummer: 22
http://www.euroma2015.org/

Konference

KonferenceThe 22nd International Annual EurOMA Conference 2015
Nummer22
LandSchweiz
ByNeuchâtel
Periode26/06/201501/07/2015
Internetadresse

Emneord

  • Supply chain disruptions
  • Risk Assessment
  • Probable Maximum Loss

Citationsformater