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Towards a Value-based Method for Risk Assessment in Supply Chain Operations

Author

Listed:
  • Liu, L.
  • Daniels, H.A.M.

Abstract

This paper proposes a risk assessment framework as a research road-map, with the aim of developing a protocol that integrates the risk management requirements from the perspectives of the business and the government. We take the viewpoint of value modeling and interpret the risk management problem as a control problem. Four steps of risk assessment are identified in the framework, forming the risk management cycle.

Suggested Citation

  • Liu, L. & Daniels, H.A.M., 2011. "Towards a Value-based Method for Risk Assessment in Supply Chain Operations," ERIM Report Series Research in Management ERS-2011-014-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:23492
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    More about this item

    Keywords

    auditing; controlling system; risk assessment; value modeling;
    All these keywords.

    JEL classification:

    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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