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Robust strategies for mitigating operational and disruption risks: a fuzzy AHP approach

Author

Listed:
  • A.R. Singh
  • P.K. Mishra
  • Rajeev Jain
  • M.K. Khurana

Abstract

Some supply chains continue to function smoothly and take short time to recover after a major disruption because they possessed 'robust' strategies for mitigating operational and disruption risks. In this paper, some of the strategies are proposed that make the supply chain more efficient and resilient. Linguistic and subjective evaluations take place in questionnaire form to find out the best strategy for mitigating risks in Indian manufacturing industries. Each linguistic variable has its own numerical value in predefined scale. In classical analytical hierarchy process (AHP), these numerical values are exact numbers whereas in fuzzy AHP method they are intervals between two numbers with most likely value. Therefore, fuzzy AHP approach is used because linguistic value can change person to person. In these circumstances, taking the fuzziness in to account will provide results that are not prone to risks. Our finding highlights the ranking of the different strategies to mitigate supply chain risks on the basis of weight and survey data.

Suggested Citation

  • A.R. Singh & P.K. Mishra & Rajeev Jain & M.K. Khurana, 2012. "Robust strategies for mitigating operational and disruption risks: a fuzzy AHP approach," International Journal of Multicriteria Decision Making, Inderscience Enterprises Ltd, vol. 2(1), pages 1-28.
    • Handle: RePEc:ids:ijmcdm:v:2:y:2012:i:1:p:1-28
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    Cited by:

    1. Shwetank Avikal & Mukesh Nigam & Mangey Ram, 2022. "A hybrid multi criteria decision making approach for consultant selection problem in ERP project," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(2), pages 941-950, June.

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