A survey on the suitability of risk identification techniques in the current networked environment

Aboutorab, H; Hussain, OK; Saberi, M; Hussain, FK; Chang, E

A survey on the suitability of risk identification techniques in the current networked environment

Aboutorab, H Hussain, OK Saberi, M

Hussain, FK Chang, E

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Publisher:: ACADEMIC PRESS LTD- ELSEVIER SCIENCE LTD
Publication Type:: Journal Article
Citation:: Journal of Network and Computer Applications, 2021, 178
Issue Date:: 2021-03-15

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Field	Value	Language
dc.contributor.author	Aboutorab, H
dc.contributor.author	Hussain, OK
dc.contributor.author	Saberi, M https://orcid.org/0000-0002-5168-2078
dc.contributor.author	Hussain, FK
dc.contributor.author	Chang, E
dc.date.accessioned	2021-10-10T07:29:50Z
dc.date.available	2021-10-10T07:29:50Z
dc.date.issued	2021-03-15
dc.identifier.citation	Journal of Network and Computer Applications, 2021, 178
dc.identifier.issn	1084-8045
dc.identifier.issn	1095-8592
dc.identifier.uri	http://hdl.handle.net/10453/150958
dc.description.abstract	Risk management is a necessary consideration in any decision-making activity. In global supply chains that are increasingly becoming internetworked and data-centric, risk management assists risk managers in making smart decisions to achieve their desired outcomes. Because of its importance, there are many studies in the literature on supply chain risk management. However, most of these are from a managerial perspective, and very few provide a technical perspective by surveying the techniques that have been used for risk management and their effectiveness. In this paper, we focus on the activity of risk identification and assess the suitability of the techniques used for this process to be effective in the current networked supply chain environment. We do this by first surveying the domain-independent risk identification techniques proposed between 1980 and 2020 and study the type of technique they use, classifying them according to the proposed taxonomy and then evaluating them to determine whether they meet the requirements of identifying risks in the networked environment. We then survey the techniques used for supply chain risk identification between 1980 and 2020 and determine their suitability along with their limitations in meeting the requirements of identifying risks in the networked supply chain environment. Based on the identified gaps, we then present different solution considerations to inform supply chain risk managers of the improvements needed to be made in the process of risk identification to meet the requirements of networked global supply chains.
dc.language	English
dc.publisher	ACADEMIC PRESS LTD- ELSEVIER SCIENCE LTD
dc.relation.ispartof	Journal of Network and Computer Applications
dc.relation.isbasedon	10.1016/j.jnca.2021.102984
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	0805 Distributed Computing, 1005 Communications Technologies
dc.subject.classification	Networking & Telecommunications
dc.title	A survey on the suitability of risk identification techniques in the current networked environment
dc.type	Journal Article
utslib.citation.volume	178
utslib.for	0805 Distributed Computing
utslib.for	1005 Communications Technologies
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Strength - AAII - Australian Artificial Intelligence Institute
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Information, Systems and Modelling
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Computer Science
utslib.copyright.status	closed_access	*
dc.date.updated	2021-10-10T07:29:48Z
pubs.publication-status	Published
pubs.volume	178

Abstract:

Risk management is a necessary consideration in any decision-making activity. In global supply chains that are increasingly becoming internetworked and data-centric, risk management assists risk managers in making smart decisions to achieve their desired outcomes. Because of its importance, there are many studies in the literature on supply chain risk management. However, most of these are from a managerial perspective, and very few provide a technical perspective by surveying the techniques that have been used for risk management and their effectiveness. In this paper, we focus on the activity of risk identification and assess the suitability of the techniques used for this process to be effective in the current networked supply chain environment. We do this by first surveying the domain-independent risk identification techniques proposed between 1980 and 2020 and study the type of technique they use, classifying them according to the proposed taxonomy and then evaluating them to determine whether they meet the requirements of identifying risks in the networked environment. We then survey the techniques used for supply chain risk identification between 1980 and 2020 and determine their suitability along with their limitations in meeting the requirements of identifying risks in the networked supply chain environment. Based on the identified gaps, we then present different solution considerations to inform supply chain risk managers of the improvements needed to be made in the process of risk identification to meet the requirements of networked global supply chains.

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http://hdl.handle.net/10453/150958