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Risk Management in Supply Chain using Consistent Fuzzy Preference Relations

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Listed:
  • Ahmad Jafarnejad
  • Mehran Ebrahimi
  • Mohammad Ali Abbaszadeh
  • Seyed Mehdi Abtahi

Abstract

Nowadays, supply chains are exposed to numerous risks. Thus, to success in risky business environment, it is imperative for firms to systematically manage supply chain risks. Risk management is the identification, assessment, and prioritization of supply chain risks. The purpose of this paper is to propose a comprehensive approach to risk management in supply chains. Thus, by an appropriate review of the literature, supply chain risk sources are identified in six areas. Then, a CFPR method is used to determine the relative importance of each identified risk. The results indicate that financial risks demand risks and supply risks are the most important risks in the SMEs context.

Suggested Citation

  • Ahmad Jafarnejad & Mehran Ebrahimi & Mohammad Ali Abbaszadeh & Seyed Mehdi Abtahi, 2014. "Risk Management in Supply Chain using Consistent Fuzzy Preference Relations," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(1), pages 77-89, January.
    • Handle: RePEc:hur:ijarbs:v:4:y:2014:i:1:p:77-89
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    References listed on IDEAS

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    5. Tang, Christopher S., 2006. "Perspectives in supply chain risk management," International Journal of Production Economics, Elsevier, vol. 103(2), pages 451-488, October.
    6. Herrera-Viedma, E. & Herrera, F. & Chiclana, F. & Luque, M., 2004. "Some issues on consistency of fuzzy preference relations," European Journal of Operational Research, Elsevier, vol. 154(1), pages 98-109, April.
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