Enterprise Risk Management and Supplier Selection

摘要

Enterprise risk management (ERM) has become an important topic in today's more complex,interrelated global business environment,replete with threats from natural,political,economic,and technical sources. The development and current status of ERM is presented,with a demonstration of how risk modeling can be applied in supply chain management. A Supplier selection set of data is used to demonstrate how various forms of stochastic modeling and DEA can be used to assess supply chain risks. Such models provide means to quantitatively improve decision making with respect to risk.