Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study

The supply chain risk management (SCRM) is very critical to strategically support the firms to continuous success. There are, at least, three basic steps in this SCRM process: risk identification, risk evaluation, and risk mitigation (treatment). Whatever happens, the main step is risk mitigation (R...

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Auteurs principaux:	Manel Elmsalmi, Wafik Hachicha, Awad M. Aljuaid
Format:	article
Langue:	EN
Publié:	MDPI AG 2021
Sujets:	supply chain management risk management risk mitigation strategies morphological analysis sustainable supply chain risk management Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Accès en ligne:	https://doaj.org/article/138d0d8beef24402922a2f38f07bfdf8
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id	oai:doaj.org-article:138d0d8beef24402922a2f38f07bfdf8
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spelling	oai:doaj.org-article:138d0d8beef24402922a2f38f07bfdf82021-11-11T19:47:54ZModeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study10.3390/su1321122102071-1050https://doaj.org/article/138d0d8beef24402922a2f38f07bfdf82021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/12210https://doaj.org/toc/2071-1050The supply chain risk management (SCRM) is very critical to strategically support the firms to continuous success. There are, at least, three basic steps in this SCRM process: risk identification, risk evaluation, and risk mitigation (treatment). Whatever happens, the main step is risk mitigation (RM) and mainly sustainable RM. In fact, every risk must be eliminated or controlled as much as possible. The purpose of this paper is to elaborate and evaluate various RM scenarios from an initial risk identification and prioritization solution. The proposed scenario modeling technique is based on morphological analysis (MA) as an explorative scenario tool for RM. MA is used to develop a framework to proactively assess critical risk variables. Firstly, MA is employed to exhaustively create possible RM scenarios and, secondly, to assess the likelihood of each scenario. The proposed approach addresses the need for a basic rubric to help identify and choose RM approaches. A real case study is provided from the food industry to illustrate the application of the proposed approach. To handle all possible MA strategies, a dedicated MORPHOL software package is used. In addition, RM strategies are selected based on sustainability indicators. The case study results prove that MA has a considerable value for SCRM. It shows that firms can adopt multiple robust strategies in the form of a scenario describing all stages of SCRM in an integrated representation.Manel ElmsalmiWafik HachichaAwad M. AljuaidMDPI AGarticlesupply chain managementrisk managementrisk mitigation strategiesmorphological analysissustainable supply chain risk managementEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12210, p 12210 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	supply chain management risk management risk mitigation strategies morphological analysis sustainable supply chain risk management Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	supply chain management risk management risk mitigation strategies morphological analysis sustainable supply chain risk management Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Manel Elmsalmi Wafik Hachicha Awad M. Aljuaid Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study
description	The supply chain risk management (SCRM) is very critical to strategically support the firms to continuous success. There are, at least, three basic steps in this SCRM process: risk identification, risk evaluation, and risk mitigation (treatment). Whatever happens, the main step is risk mitigation (RM) and mainly sustainable RM. In fact, every risk must be eliminated or controlled as much as possible. The purpose of this paper is to elaborate and evaluate various RM scenarios from an initial risk identification and prioritization solution. The proposed scenario modeling technique is based on morphological analysis (MA) as an explorative scenario tool for RM. MA is used to develop a framework to proactively assess critical risk variables. Firstly, MA is employed to exhaustively create possible RM scenarios and, secondly, to assess the likelihood of each scenario. The proposed approach addresses the need for a basic rubric to help identify and choose RM approaches. A real case study is provided from the food industry to illustrate the application of the proposed approach. To handle all possible MA strategies, a dedicated MORPHOL software package is used. In addition, RM strategies are selected based on sustainability indicators. The case study results prove that MA has a considerable value for SCRM. It shows that firms can adopt multiple robust strategies in the form of a scenario describing all stages of SCRM in an integrated representation.
format	article
author	Manel Elmsalmi Wafik Hachicha Awad M. Aljuaid
author_facet	Manel Elmsalmi Wafik Hachicha Awad M. Aljuaid
author_sort	Manel Elmsalmi
title	Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study
title_short	Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study
title_full	Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study
title_fullStr	Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study
title_full_unstemmed	Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study
title_sort	modeling sustainable risks mitigation strategies using a morphological analysis-based approach: a real case study
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/138d0d8beef24402922a2f38f07bfdf8
work_keys_str_mv	AT manelelmsalmi modelingsustainablerisksmitigationstrategiesusingamorphologicalanalysisbasedapproacharealcasestudy AT wafikhachicha modelingsustainablerisksmitigationstrategiesusingamorphologicalanalysisbasedapproacharealcasestudy AT awadmaljuaid modelingsustainablerisksmitigationstrategiesusingamorphologicalanalysisbasedapproacharealcasestudy
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Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study

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