Supply chain risk analysis with fuzzy cognitive maps
IEEE International Conference on Industrial Engineering and Engineering Management, Singapore, Singapore, 2 - 05 December 2007, pp.1447-1448, (Full Text)
- Publication Type: Conference Paper / Full Text
- Doi Number: 10.1109/ieem.2007.4419432
- City: Singapore
- Country: Singapore
- Page Numbers: pp.1447-1448
- Keywords: supply chain, risk management, fuzzy cognitive maps, MANAGEMENT
- Galatasaray University Affiliated: Yes
Abstract
To achieve continuous customer satisfaction and sustain competency, a company must identify, evaluate, rank, and manage its supply chain risks. These risk factors and system components are linked in a complicated manner via direct and indirect relationships. This study suggests a systematic way of analyzing supply chain risks using a cognitive map (CM) approach. CMs have proven particularly useful for solving problems in which a number of decision variables and uncontrollable variables are causally interrelated.