Risk Management in Supply Chains: Using Linear and Non-linear Models, 1st Edition (Hardback) book cover

Risk Management in Supply Chains

Using Linear and Non-linear Models, 1st Edition

By Mohammad Heydari, Kin Keung Lai, Zhou Xiaohu


250 pages | 55 B/W Illus.

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Hardback: 9780367359515
pub: 2019-09-20
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pub: 2019-09-19
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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.

Table of Contents

1. Introduction

2. Risks in Economics

3. Models of Risks in Economics

4. Risks in Supply Chain Management

5. Models of Risks in Supply Chain Management

6. Risks in Environmental Management

7. Models of Risks in Environmental Management

About the Authors

Mohammad Heydari is a PhD student in Management Science and Engineering at the School of Economics and Management, Nanjing University of Science and Technology, China.

Kin Keung Lai is Professor at the College of Economics, Shenzhen University, China.

Zhou Xiaohu is Professor at the School of Economics and Management, Nanjing University of Science and Technology, China.

About the Series

Routledge Advances in Risk Management

Risk management is one of the most important, most urgent and most difficult topics for not only top managers of every enterprise and top officials of every governmental department, but also for scientists in the fields of economics, finance, engineering, social science and earth science.

The book series places emphasis on the main problems of risk management in the changing new environments of operational and systems management. It invites quality works covering analysis, modeling, empirical studies and case analysis so as to offer solutions to the emerging new challenges.

It aims to publish new theories of risk management, new methods for risk management and new successful applications in risk management to promote research and development of risk management in many industries and many disciplines; to provide a bridge for exchange of academic researchers and practical risk managers to help academic researchers’ better understanding of risk and risk management and to help managers and officials to learn new methods, techniques and tools which might be efficient in risk identification, risk analysis, risk control and risk management.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Insurance / Risk Assessment & Management
BUSINESS & ECONOMICS / Operations Research
BUSINESS & ECONOMICS / Production & Operations Management