Risk Management in Supply Chains - 9781032089447

Risk Management in Supply ChainsUsing Linear and Non-linear Models\nAuthor(s): Mohammad Heydari, Kin Keung Lai, Zhou Xiaohu\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032089447, 978-1032089447\nSynopsis\nThe book examines a relatively unexplored issue in supply chain risk management, which is how long companies specifically take to respond to catastrophic events of low probability but high impact. The book also looks at why such supply chain disruptions are unavoidable, and consequently, all complex supply chains are inherently at risk. \n\nThe book illustrates how companies can respond to supply chain disruptions with faster responses and in shorter lead-times to reduce impact. In reducing total response time, designing solutions, and deploying a recovery plan sooner after a disruption in anticipation of such events, companies reduce the impact of disruption risk. The book also explores the basics of multiple-criteria de.