Supply Chain Risk Network Management (SCRNM): A Paradigm Shift towards Modelling Systemic Risks and Risk Appetite

摘要

There is a major research gap of developing a supply chain risk management process integrating risk appetite of the decision maker and all stages of the risk management process within an interdependent network of systemic risks. We introduce an iterative process namely Supply Chain Risk Network Management to bridge this gap. We make use of the recently introduced concept of utility indifference curves based risk matrix to capture the risk attitude of the decision maker and demonstrate the application of the proposed process through an illustrative example.