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A decision framework to mitigate supply chain risks : an application in the offshore-wind industry.

Mogre, R. and Talluri, S. and D’Amico, F. (2016) 'A decision framework to mitigate supply chain risks : an application in the offshore-wind industry.', IEEE transactions on engineering management., 63 (3). pp. 316-325.

Abstract

Decision support systems (DSSs) for supply chain risk management benefit from a holistic approach for mitigating risks, which include identification and assessment of risks and evaluation and selection of measures to appease risks. However, previous studies in this area overlooked probability estimation, measure selection, and assessment of interdependence of risks and measures. We aim to fill these gaps in the literature by proposing a two-stage DSSs that will assist managers in not only select mitigation strategies for supply chain risks, but also mitigation tactics when risks occur. Our DSS employs a novel matrix formulation for decision-tree analysis, which integrates expert judgments. We applied our models to the supply chain of a fast-expanding offshore-wind industry, which faces high levels of exposure to risks because of the associated complexities in this domain. The results demonstrate how to select mitigation strategies and mitigation tactics for managing supply chain risks within the offshore-wind industry.

Item Type:Article
Full text:(AM) Accepted Manuscript
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Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1109/TEM.2016.2567539
Publisher statement:© 2016 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
Date accepted:06 May 2016
Date deposited:13 May 2016
Date of first online publication:15 June 2016
Date first made open access:13 May 2016

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