Production and Risk Management in a Multi-Period Duopoly Under Demand Uncertainty

2012 ◽  
Author(s):  
Matthias Pelster
Keyword(s):  
Risk Management ◽  
Demand Uncertainty

Procurement risk management under uncertainty: a review

2018 ◽  
Vol 118 (7) ◽  
pp. 1547-1574 ◽  
Author(s):  
Zhen Hong ◽  
C.K.M. Lee ◽  
Linda Zhang
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Demand Uncertainty ◽  
Review Paper ◽  
Supply And Demand ◽  
Future Research ◽  
Supply Chain Risk Management ◽  
Content Type ◽  
Holistic Review ◽  
Procurement Risk

Purpose The purpose of this paper is twofold, first providing researchers with an overview about the uncertainties occurred in procurement including applicable approaches for analyzing different uncertain scenarios, and second proposing directions to inspire future research by identifying research gaps. Design/methodology/approach Papers related to supply chain risk management and procurement risk management (PRM) from 1995–2017 in several major databases are extracted by keywords and then further filtered based on the relevance to the topic, number of citations and publication year. A total of over 156 papers are selected. Definitions and current approaches related to procurement risks management are reviewed. Findings Five main risks in procurement process are identified. Apart from summarizing current strategies, suggestions are provided to facilitate strategy selection to handle procurement risks. Seven major future challenges and implications related PRM and different uncertainties are also indicated in this paper. Research limitations/implications Procurement decisions making under uncertainty has attracted considerable attention from researchers and practitioners. Despite the increasing awareness for risk management for supply chain, no detail and holistic review paper studied on procurement uncertainty. Managing procurement risk not only need to mitigate the risk of price and lead time, but also need to have sophisticated analysis techniques in supply and demand uncertainty. Originality/value The contribution of this review paper is to discuss the implications of the research findings and provides insight about future research. A novel research framework is introduced as reference guide for researchers to apply innovative approach of operations research to resolve the procurements uncertainty problems.

scholarly journals Unlocking supply chain disruption risk within the Thai beverage industry

2016 ◽  
Vol 116 (1) ◽  
pp. 21-42 ◽  
Author(s):  
Ying Kei Tse ◽  
Rupert L. Matthews ◽  
Kim Hua Tan ◽  
Yuji Sato ◽  
Chaipong Pongpanich
Keyword(s):  
Risk Management ◽  
Demand Uncertainty ◽  
Management Strategies ◽  
Quality Uncertainty ◽  
Supply Disruption ◽  
Content Type ◽  
Beverage Industry ◽  
Increased Risk ◽  
Risk Management Strategies ◽  
Disruption Risk

Purpose – A growing need for global sourcing of business has subjected firms to higher levels of uncertainty and increased risk of supply disruption. Differences in industry and infrastructure make it more difficult for firms to manage supply disruption risks effectively. The purpose of this paper is to extend developing research in this area by addressing gaps within existing literature related to environmental turbulence and uncertainties. Design/methodology/approach – The authors test the model using data collected from 253 senior managers and directors in the Thai beverage industry using advanced statistical techniques to explore the relationship between representations of supply disruption risk and uncertainty. Findings – The results show that both magnitude and probability of risk impact on the disruption risk, but the probability of loss is a dominant determinant. The authors also find that demand uncertainty and quality uncertainty affect the risk perception of purchasing managers, and are related to the magnitude of disruption risk, rather than the frequency of occurrence. Interestingly, the results show that quality uncertainty negatively impacts on the severity of disruption risk. Research limitations/implications – The construct validity of demand uncertainty was under the required threshold, intimating the need for further construct development. Practical implications – The framework provides managers with direction on how to formulate and target their disruption risk management strategies. The work also allows practitioners to critical reflect on implicit risk management strategies they may already employ and their effectiveness. Originality/value – The paper identifies key antecedents of supply disruption risk and tests them within a novel industrial context of the beverage industry and a novel national context of Thailand.

Quality and Risk Management in the IVF Laboratory

2004 ◽  
Author(s):  
David Mortimer ◽  
Sharon T. Mortimer
Keyword(s):  
Risk Management
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