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The Model For Selection Of Risk-Mitigating Strategic Programs Decisions For Minimising Economic Losses In Supply Chain With Fuzzy Parameters

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  • A. S. Ptuskin

Abstract

A fuzzy model for selection of risk-mitigating strategic decisions for minimising economic losses caused by refusals and other undesirable events in supply chain is suggested. We identify the most informative components of the supply chain in terms of the amount of information they contain about the economic risks and related losses, which permits us to minimize the amount of input data, to reduce the size of the graph presentation of the chain, and as a result, to simplify the procedure of choice. We use the obtained simplified graph presentation of the supply chain and solve a mathematical problem of portfolio selection in which the risk-mitigating programs are selected; this problem is presented as a fuzzy mathematical programming problem of the knapsack type.

Suggested Citation

  • A. S. Ptuskin, 2014. "The Model For Selection Of Risk-Mitigating Strategic Programs Decisions For Minimising Economic Losses In Supply Chain With Fuzzy Parameters," Business Strategies, Real Economy Publishing House, issue 2.
    • Handle: RePEc:aci:journl:y:2014:id:43
    DOI: undefined
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