Title: Analytical hierarchy process to evaluate supply chain risk and security management
Authors: Anjali Saxena; Nitin Seth
Addresses: Indian Institute of Foreign Trade (IIFT), IIFT Bhawan, B-21, Qutab Institutional Area, New Delhi – 110016, India ' Indian Institute of Foreign Trade (IIFT), IIFT Bhawan, B-21, Qutab Institutional Area, New Delhi – 110016, India
Abstract: Assessment of supply chain risk and security criterion as an integrated area is important to enhance risk and security measures and hence achieve higher standards of risk enabled secured supply chain. This is possible by proper identification of key criterion and possible solution alternatives with significant measures of their weighted relationship. This paper aims to select the important criteria to assess the supply chain risk and security management (SCRSM) and evaluating alternative SCRSM strategies for proactive support. In this research, the objective is to provide a SCRSM framework and how the supply chain principles can actually be used to design and operate processes to assure supply chain risk and security. The novelty of this paper is the implementation of multi-criteria decision-making methodology to identify the important SCRSM criteria and sensitivity analysis for evaluation of alternative solution strategy. An analytic hierarchy process (AHP)-based multi-criteria decision-making methodology is employed to take into account both qualitative and quantitative factors to select important criteria and identification of right alternative strategy ascertain the supply chain risk and security. By using AHP methodology we could optimise the selection of risk and security alternatives followed by relevant choices for decision making with implication. The aim is to encourage more efforts in this domain for wider benefits.
Keywords: analytical hierarchy process; AHP; supply chain risk; security management; SCRSM; multicriteria decision making; MCDM; supply chain security; supply chain management; SCM.
International Journal of Procurement Management, 2014 Vol.7 No.3, pp.279 - 298
Published online: 30 May 2014 *Full-text access for editors Access for subscribers Purchase this article Comment on this article