An Integrated Fuzzy Approach for the Evaluation of Supply Chain Risk Mitigation Strategies

Xiaojun  Wang

doi:10.4236/jss.2014.29028

Xiaojun Wang^*

Abstract: Competing in an increasingly uncertain business environment, organizations need to mitigate its supply chain risks to enhance their resiliency. However, it is important to implement appropriate strategies to meet business needs. This paper presents a novel approach that integrates fuzzy risk assessment and fuzzy Delphi for the evaluation of strategies in order to mitigate supply chain risks. The novelty of the model lies in the fact that an analytical tool enables the specific business preferences concerning supply chain risks to be taken into consideration in making the strategic decisions. It provides a practical solution by which companies can systematically assess the risks involved in the supply chain and select appropriate strategies to address them.

Keywords: Supply Chain Risk, Strategy Evaluation, Fuzzy Risk Assessment, Delphi

Cite this paper: Wang, X. (2014) An Integrated Fuzzy Approach for the Evaluation of Supply Chain Risk Mitigation Strategies. Open Journal of Social Sciences, 2, 161-166. doi: 10.4236/jss.2014.29028.

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