Title: Risk management in supply chains

Authors: Jun Wu, Jian Li, Jia Chen, Yingxue Zhao, Shouyang Wang

Addresses: School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing 100876, China. ' School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China. ' Department of Personal Banking, Bank of China, Beijing 100818, China. ' School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China. ' Institute of Systems Science, Chinese Academy of Sciences, Beijing 100190, China; Faculty of Economics, Yokohama National University, Yokohama, Japan

Abstract: Risk management has become an essential tool in dealing with the risk issues in supply chains. The purpose of this paper lies in surveying the applications of risk management to supply chains and reviewing the existing literature. To achieve the above purpose, some representative works are selected for demonstrating the application of various risk management tools in supply chains. The numerous literatures in this field are classified into three categories, i.e. risk analysis of supply chain models, disruption management and financial risk measurement. Throughout this paper, some representative models are selected and their relationships and distinctions are analysed and compared.

Keywords: risk management; supply chains; risk averse; disruption management; financial risk measurement; supply chain management; SCM; supply chain risk; risk assessment; supply chain models.

DOI: 10.1504/IJRM.2011.040307

International Journal of Revenue Management, 2011 Vol.5 No.2/3, pp.157 - 204

Published online: 23 May 2011 *

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