An extended generalized TODIM method for risk assessment of supply chain in social commerce under interval type-2 fuzzy environment

A hybrid generalized TODIM based risk prioritization method for failure mode and effect analysis with linguistic Z-numbers

The traditional failure mode and effect analysis (FMEA), as an effective risk analysis technique, has several limitations in the uncertainty modeling and the weights determination of the risk indicators. This paper aims to propose a hybrid risk prioritization method simultaneously considering the characteristics of the reliability associated with the FMEA team members’ evaluation information and their psychological behavior to enhance the performance of the traditional FMEA model. The hybrid risk prioritization method is developed based on the generalized TODIM method and the weighted entropy measure with the linguistic Z-numbers (LZNs). First, the LZNs are adopted to depict the FMEA team members’ cognition information and the reliability of these information. Second, a weighted entropy measure based on the fuzzy entropy and the LZNs is developed to obtain the risk indicators’ weights. Finally, the generalized TODIM method with the LZNs is constructed to obtain the risk priority orders of failure modes, which can effectively simulate the FMEA team members’ psychological character. The applicability and effectiveness of the proposed risk prioritization method is validated through an illustrative example of an integrated steel plant. The results of sensitivity analysis and comparative analysis indicate that the proposed hybrid risk prioritization method is effective and valid, and can get more accurate and practical risk ranking results to help enterprises formulate accurate risk prevention and control plans.

Risk assessment in supply chains: a state-of-the-art review of methodologies and their applications

The year 2020 can be earmarked as the year of global supply chain disruption owing to the outbreak of the coronavirus (COVID-19). It is however not only because of the pandemic that supply chain risk assessment (SCRA) has become more critical today than it has ever been. With the number of supply chain risks having increased significantly over the last decade, particularly during the last 5 years, there has been a flurry of literature on supply chain risk management (SCRM), illustrating the need for further classification so as to guide researchers to the most promising avenues and opportunities. We therefore conduct a bibliometric and network analysis of SCRA publications to identify research areas and underlying themes, leading to the identification of three major research clusters for which we provide interpretation and guidance for future work. In doing so we focus in particular on the variety of parameters, analytical approaches, and characteristics of multi-criteria decision-making techniques for assessing supply chain risks. This offers an invaluable synthesis of the SCRA literature, providing recommendations for future research opportunities. As such, this paper is a formidable starting point for operations researchers delving into this domain, which is expected to increase significantly also due to the current pandemic.