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

Authors: Mahesh Chand; Tilak Raj; Ravi Shankar

Addresses: Department of Mechanical Engineering, YMCA University of Science and Technology, Faridabad, Haryana 121006, India ' Department of Mechanical Engineering, YMCA University of Science and Technology, Faridabad, Haryana 121006, India ' Department of Management Studies, Indian Institute of Technology Delhi, New Delhi 110016, India

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.

Keywords: operational risks; supply chain management; SCM; interpretive structural modelling; weighted ISM; effectiveness index; supply chain risk; risk management.

DOI: 10.1504/IJSOM.2014.063242

International Journal of Services and Operations Management, 2014 Vol.18 No.4, pp.378 - 403

Published online: 26 Jul 2014 *

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