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Analysing the operational risks in supply chain by using weighted interpretive structure modelling technique

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  • Mahesh Chand
  • Tilak Raj
  • Ravi Shankar

Abstract

Risk in the context of supply chain management plays an important role. Risk management is the key area for the competitiveness and the growth of industries. In this paper, ten operational risk factors have been identified through literature review, they are further analysed by using weighted interpretive structural modelling (W-ISM) approach. ISM approach is used to develop a structural modelling between these factors and a method of effectiveness index (EI) is used to identify the key areas. The effectiveness index evaluated in this paper will help the industries to benchmark their performance by managing the risks reported in this study.

Suggested Citation

  • Mahesh Chand & Tilak Raj & Ravi Shankar, 2014. "Analysing the operational risks in supply chain by using weighted interpretive structure modelling technique," International Journal of Services and Operations Management, Inderscience Enterprises Ltd, vol. 18(4), pages 378-403.
    • Handle: RePEc:ids:ijsoma:v:18:y:2014:i:4:p:378-403
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    Cited by:

    1. Niloofar Etemadi & Pieter Van Gelder & Fernanda Strozzi, 2021. "An ISM Modeling of Barriers for Blockchain/Distributed Ledger Technology Adoption in Supply Chains towards Cybersecurity," Sustainability, MDPI, vol. 13(9), pages 1-28, April.
    2. Zuhal Cilingir Uk & Cigdem Basfirinci & Amit Mitra, 2022. "Weighted Interpretive Structural Modeling for Supply Chain Risk Management: An Application to Logistics Service Providers in Turkey," Logistics, MDPI, vol. 6(3), pages 1-22, August.

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