Management of Risks in Sustainable Supply Chain Using AHP and Monte Carlo Simulation

2018 ◽  
pp. 1633-1652
Author(s):  
Sunil Luthra ◽  
Sachin Kumar Mangla ◽  
V. G. Venkatesh ◽  
Suresh Kumar Jakhar
Keyword(s):  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Supply Chain ◽  
Evaluation Procedure ◽  
Sustainable Supply Chain ◽  
Business Organizations ◽  
Analytic Hierarchy ◽  
Supply Chain Strategy ◽  
Methodical Approach ◽  
Hierarchy Process

Business organizations are facing increasingly pressure from stakeholders to incorporate sustainable initiatives in the supply chains. In supply chain management, risk deals with the ‘disturbance and disruption' in a variety of operations that consequences to undesired consequences. Sustainable supply chain (SSC) risk management is a supply chain strategy that aligns economic goals with a supply chain's ecological course of actions. In this chapter, an attempt is made to prioritize and manage the risks linked to SSC. The analysis has been done by combined Analytic Hierarchy Process (AHP) and Monte Carlo simulation (MCS) approach, which helps in distinguishing the priority of risks and revealing of the impacts of risk. Initially, the recognized risks are analyzed to know their priority using AHP technique. Next, the uncertainties related to the risks are explored. This is followed by a risk evaluation procedure to access the disruption impacts of these risks using MCS approach. This methodical approach helps in understanding of the probable risks and consequences to emerge in SSC.

Management of Risks in Sustainable Supply Chain Using AHP and Monte Carlo Simulation

2018 ◽  
pp. 58-76
Author(s):  
Sunil Luthra ◽  
Sachin Kumar Mangla ◽  
V. G. Venkatesh ◽  
Suresh Kumar Jakhar
Keyword(s):  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Supply Chain ◽  
Evaluation Procedure ◽  
Sustainable Supply Chain ◽  
Business Organizations ◽  
Analytic Hierarchy ◽  
Supply Chain Strategy ◽  
Methodical Approach ◽  
Hierarchy Process

Business organizations are facing increasingly pressure from stakeholders to incorporate sustainable initiatives in the supply chains. In supply chain management, risk deals with the ‘disturbance and disruption' in a variety of operations that consequences to undesired consequences. Sustainable supply chain (SSC) risk management is a supply chain strategy that aligns economic goals with a supply chain's ecological course of actions. In this chapter, an attempt is made to prioritize and manage the risks linked to SSC. The analysis has been done by combined Analytic Hierarchy Process (AHP) and Monte Carlo simulation (MCS) approach, which helps in distinguishing the priority of risks and revealing of the impacts of risk. Initially, the recognized risks are analyzed to know their priority using AHP technique. Next, the uncertainties related to the risks are explored. This is followed by a risk evaluation procedure to access the disruption impacts of these risks using MCS approach. This methodical approach helps in understanding of the probable risks and consequences to emerge in SSC.

scholarly journals BUYER-SUPPLIER RELATIONSHIP SELECTION FOR A SUSTAINABLE SUPPLY CHAIN: A CASE OF THE INDIAN AUTOMOBILE INDUSTRY

2019 ◽  
Vol 11 (2) ◽  
pp. 215-227 ◽  
Author(s):  
Divesh Kumar
Keyword(s):  
Supply Chain ◽  
Automobile Industry ◽  
Primary Objective ◽  
Sustainable Supply Chain ◽  
Analytic Hierarchy ◽  
Supplier Relationships ◽  
Relationship Type ◽  
Hierarchy Process ◽  
Supplier Relationship

The primary objective of this study is to propose an analytical approach to evaluate dimensions of the buyer-supplier relationships alternative selection in the context of a sustainable supply chain considering benefits, opportunities, costs, and risks of a relationship type. The study uses a Fuzzy Analytic Hierarchy Process (FAHP) approach to develop a model that explores benefits, costs, opportunities, and risks of a buyer-supplier relationship in a sustainable supply chain. A case study of the Indian automobile sector is used to determine the appropriate form of the buyer-supplier relationship. This study found that a problem solving relationship is the most preferred form of relationship. Long term relationships and joint development ranked 2 and 3, respectively. A sensitivity analysis showed that if the weights of benefits, opportunities, costs and risks are changed the preference for alternatives selection also changes. The most important implication of the study is in providing supply chain managers with a model for development of buyer-supplier relationships with their supply chain partners based on the considerations of benefits, opportunities, costs and risks involved in developing such a relationship in a sustainable supply chain. The novelty of the present study rests in the incorporation of sustainability specific criteria for selection of the relationship between two parties in a supply chain context considering benefits, opportunities, costs, and risks of a relationship type. This is the first such model that incorporates considerations of BOCR in a sustainable supply chain.  

Hyogo Framework for Action (HFA): A case study of Nigeria

2020 ◽  
Vol 6 (3) ◽  
pp. 196-209
Author(s):  
Christian N. Madu ◽  
Benjamin C. Ozumba ◽  
Chuhua Kuei ◽  
Ifeanyi E. Madu ◽  
Valentine E. Nnadi ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Early Warning ◽  
Disaster Preparedness ◽  
Poor Performance ◽  
Analytic Hierarchy ◽  
Hyogo Framework For Action ◽  
Hierarchy Process

Objective: This paper uses the Analytic Hierarchy Process (AHP) to rank main actions and their associated task areas outlined in the Hyogo Framework for Action (HFA) in the case of Nigeria. The focus is on three major challenges namely (1) stakeholder inclusiveness, (2) capacity building and communication and (3) local adaptation. Methods: The perceptions of a sample of 26 field disaster management experts on the HFA were studied and analyzed using AHP. The study found that "Disaster Preparedness" is the most important expected goal followed by "Risk Assessment and Early Warning." Results: Their priority indices are 0.258 and 0.219, respectively. "Local/City Governance" however, shows poor performance with a priority index of 0.085. Monte Carlo simulation was further applied to examine the robustness of the AHP assessments. Conclusion: The results are indicative of the perceptions of the performance levels attained and the areas that need improvement.

scholarly journals Computation of Fuzzy Analytic Hierarchy Process (FAHP) Using MATLAB Programming In Sustainable Supply Chain

2018 ◽  
Vol 7 (3.20) ◽  
pp. 82
Author(s):  
Ahamad Zaki Mohamed Noor ◽  
Muhammad Hafidz Fazli Md Fdiaua ◽  
Nur Zul Hafiq Zulkifli ◽  
Muhamad Naqib Abdul Basit ◽  
Fairul Azni Jafar ◽  
...  
Keyword(s):  
Supply Chain ◽  
Analytic Hierarchy Process ◽  
Decision Makers ◽  
Fuzzy Analytic Hierarchy Process ◽  
Delivery Time ◽  
Sustainable Supply Chain ◽  
Analytic Hierarchy ◽  
The World ◽  
Matlab Programming ◽  
Hierarchy Process

Fuzzy Analytic Hierarchy Process (FAHP) is a well-known method which is currently used by many researchers all around the world. However, the problem lies where the steps are lengthy and consumes time. This paper does the purpose to share a method where Decision Makers (DM) can reduce error or any mistakes while manual compute. A MATLAB programming is develop and field of sustainable supply chain is use as experiment purpose. There is one out of four criteria need to be selected by using FAHP. The criteria are cost, quality, delivery time and supplier distance. Both methods are done simultaneously and the answers were recorded. The percentage accuracy shows 100% for every step showing there is no error and the answers are the same if MATLAB is applied. Final answers for both shows that quality is the highest criterion to be selected based on the weightage.  

scholarly journals Combination of SWOT Analysis, Analytic Hierarchy Process, and Monte Carlo Simulation to Identify the Strategic Positioning of Crisis Management at the Ferdowsi University of Mashhad, Iran

2020 ◽  
pp. 93-101
Keyword(s):  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Crisis Management ◽  
External Factors ◽  
University Campus ◽  
Strategic Positioning ◽  
Analytic Hierarchy ◽  
Internal And External Factors ◽  
The University ◽  
Hierarchy Process

INTRODUCTION: Iran has long been recognized as one of the most accident-prone areas in the world due to its special geographical location. Therefore, it is of utmost importance to devote special attention to crisis management in organizations and the identification of related strengths, weaknesses, opportunities, and threats. METHODS: The present study aimed to identify the strategic positioning of crisis management after natural disasters at the Ferdowsi University of Mashhad as the center of excellence in the east of the country. To this end, the internal and external factors which militate against university crisis management were identified. Thereafter, the strategic positioning of this university was determined among four positions, namely offensive, defensive, adaptive, and contingency, using a combination of SWOT (strengths, weaknesses, opportunities, and threats) analysis, analytic hierarchy process (AHP), and Monte Carlo simulation, and strategies were presented. The statistical population were university facility experts and managers among whom 10 cases were selected by purposive sampling. FINDINGS: Based on the obtained results, the highest weights in different sub-criteria were as follows: compliance with the required technical and safety standards in new constructions of the university campus (strength), the absence of any specific plan for dealing with various types of crises in different buildings (weakness), the proximity of the fire station to the university campus (opportunity), and indecisiveness of organizations supervising building retrofitting, including provincial government and Roads and Urban Development Office (threat). CONCLUSION: The results of the present study demonstrated that strategic positioning can be identified by analyzing internal and external factors. Moreover, among the four strategic positions, it was found that the Ferdowsi University of Mashhad adopted an offensive crisis management strategy in 45.4% of the cases.

Analytic Hierarchy Process to Select Environmentally Conscious Suppliers for Sustainable Supply Chain Management : A Case Study in a Public Sector Transport Corporation

2015 ◽  
Vol 813-814 ◽  
pp. 1133-1139 ◽  
Author(s):  
P. Etraj ◽  
J. Jayaprakash
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Public Sector ◽  
Analytic Hierarchy Process ◽  
Toxic Waste ◽  
Sustainable Supply Chain ◽  
Analytic Hierarchy ◽  
Environmentally Conscious ◽  
Chain Management ◽  
Hierarchy Process

The ever increasing levels of hazardous and toxic waste generated from industrial sector hasten to implement the Sustainable Supply Chain Management (SSCM) in all sphere of the business practice. In this research article the authors developed a Supplier Selection model applying Analytic Hierarchy Process (AHP) to select Environmentally Conscious Suppliers (ECS) for one of the maintenance unit of Metropolitan Transport Corporation (MTC) providing public passenger transport service in a metropolitan city located in South India. Being a Public Sector Undertaking (PSU), the organization has the list of approved suppliers who are pre-qualified to supply the materials and spare parts required to maintain their road vehicles in accordance with the Government’s Public Procurement Policy (PPP). However the growing concern being faced by the organization in the disposal of the hazardous and toxic waste accumulated, which forces them to select suitable suppliers who will comply with the SSCM principles from their pre-qualified list of suppliers.

Assessment of hybrid Lean-Agile (Leagile) supply chain strategies

2016 ◽  
Vol 27 (4) ◽  
pp. 470-482 ◽  
Author(s):  
Masoud Rahiminezhad Galankashi ◽  
Syed Ahmad Helmi
Keyword(s):  
Supply Chain ◽  
Analytic Hierarchy Process ◽  
Design Methodology ◽  
Assessment Tool ◽  
Analytic Hierarchy ◽  
Content Type ◽  
Supply Chain Strategy ◽  
Operational Activities ◽  
Hierarchy Process ◽  
New Framework

Purpose – The purpose of this paper is to propose a new assessment tool for Leagility. Design/methodology/approach – This research was carried out to systematically propose the operational activities of Leagile supply chains (SCs) with regard to SC drivers. Particularly, SC logistic (facility, transportation and inventory) and cross-functional drivers (information, sourcing and pricing) were selected to classify all operational activities of Leagile SCs. Findings – This study proposed a new framework to evaluate the operational activities of Leagile SCs. Operational activities of Leagile supply chain strategy were determined and categorized with regard to SC drivers. These activities were ranked using an analytic hierarchy process and were then categorized using a cycle view of SC. Originality/value – This study contributed in proposing operational activities of Leagile SC based on its major drivers. The result of this study assist managers, scholars and practitioners to construct new Leagile SCs or assess their Leagility level.

scholarly journals Using the Analytical Network Process to Select the Best Strategy for Reducing Risks in a Supply Chain

2013 ◽  
Vol 2013 ◽  
pp. 1-9 ◽  
Author(s):  
L. Hosseini ◽  
R. Tavakkoli-Moghaddam ◽  
B. Vahdani ◽  
S. M. Mousavi ◽  
R. Kia
Keyword(s):  
Supply Chain ◽  
Multicriteria Decision Making ◽  
Analytic Network Process ◽  
Supply Chain Network ◽  
Total Quality ◽  
Analytic Hierarchy ◽  
Network Process ◽  
Supply Chain Risks ◽  
Hierarchy Process ◽  
Different Levels

This paper considers four types of the most prominent risks in the supply chain. Their subcriteria and relations between them and within the network are also considered. In a supply chain, risks are mostly created by fluctuations. The aim of this study is to adopt a strategy for eliminating or reducing risks in a supply chain network. Having various solutions helps the supply chain to be resilient. Therefore, five alternatives are considered, namely, total quality management (TQM), leanness, alignment, adaptability, and agility. This paper develops a new network of supply chain risks by considering the interactions between risks. Perhaps, the network elements have interacted with some or all of the factors (clusters) or subfactors. We constitute supply chain risks in the analytic network process (ANP), which attracted less attention in the previous studies. Most of the studies about making a decision in supply chains have been applied in analytic hierarchy process (AHP) network. The present study considers the ANP as a well-known multicriteria decision making (MCDM) technique to choose the best alternative, because of the interdependency and feedbacks of different levels of the network. Finally, the ANP selects TQM as the best alternative among the considered ones.

scholarly journals Research on Risk Measurement of Supply Chain Emergencies in International Capacity Cooperation

2019 ◽  
Vol 11 (19) ◽  
pp. 5184
Author(s):  
Bo-Rui Yan ◽  
Qian-Li Dong ◽  
Qian Li
Keyword(s):  
Supply Chain ◽  
Financial Risk ◽  
Fuzzy Ahp ◽  
Risk Index ◽  
Risk Measurement ◽  
Country Risk ◽  
Analytic Hierarchy ◽  
Analytic Hierarchy Process Method ◽  
Measurement Index System ◽  
Hierarchy Process

International capacity cooperation is easily affected by the interweaving of its internal and external environment. As the risk accumulation exceeds the threshold, a supply chain crisis and even emergency will occur and serious losses will be caused. Regarding multinational operation and international capacity cooperation, 208 cases were summarized to identify risk types and high-incidence areas, and a risk measurement index system was established. A Fuzzy AHP (Analytic Hierarchy Process) method was used to evaluate the importance of each risk index. It was found that country risk was the main cause of supply chain emergencies in international capacity cooperation. Construction, water and electricity supply, mining and manufacturing were major areas of emergencies. In international capacity cooperation, country risk and cross-cultural risk were more important in external risks, while in internal risk, financial risk and decision risk were more important.

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