Risk analysis of supply: comparative performance and short-term prediction

L. Walls, J. Quigley, M. Parsa, E. Comrie

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Citation (Scopus)

Abstract

Managing risk in the supply of inbound parts for the assembly of complex engineering systems is a key activity for manufacturing companies to avoid production delays and disruption. We present novel analysis of empirical data typically available in enterprise resource planning systems. The information generated through such analysis can provide useful information to support decisions to better manage supply risk. For example, identifying suppliers at risk of poor performance under different loadings or relative to peers, and assessing the financial value of investing in learning and developing suppliers. Our analysis is based on new methods developed for robust ranking, valuation of due diligence as well as more established regression modelling principles. We focus upon the ways our methods can be used to support supply risk decisions by showing how they have been applied in an industry case and the implications of our findings to date.
Original languageEnglish
Title of host publicationRisk, Reliability and Safety
EditorsLesley Walls, Matthew Revie, Tim Bedford
Place of PublicationLondon
PublisherCRC Press
Number of pages8
Edition1
ISBN (Electronic)9781315374987
ISBN (Print)9781498788984
Publication statusPublished - 2016
EventESREL 2016 - Glasgow, United Kingdom
Duration: 25 Sep 201629 Sep 2016

Conference

ConferenceESREL 2016
CountryUnited Kingdom
CityGlasgow
Period25/09/1629/09/16

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Keywords

  • risk analysis
  • manufacturing
  • enterprise resource planning
  • short-term prediction
  • suppliers
  • supply risk decisions
  • Industries. Land use. Labor
  • Management Science and Operations Research

Cite this

Walls, L., Quigley, J., Parsa, M., & Comrie, E. (2016). Risk analysis of supply: comparative performance and short-term prediction. In L. Walls, M. Revie, & T. Bedford (Eds.), Risk, Reliability and Safety (1 ed.). CRC Press.