Supply chain risk analysis with fuzzy cognitive maps

FEYZİOĞLU O., BÜYÜKÖZKAN FEYZİOĞLU G., Ersoy M. S.

IEEE International Conference on Industrial Engineering and Engineering Management, Singapore, Singapore, 2 - 05 December 2007, pp.1447-1448 identifier identifier

  • 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.