Interpretive Structural Modeling and House of Risk Implementation for Risk Association Analysis and Determination of Risk Mitigation Strategy

Abstract

<jats:p>The increasingly fierce industry competition causes each company needs strong supply chain activities as part of the company to be able to survive in an environment full of competition. In carrying out supply chain activities, it is certainly inseparable from supply chain risks that can disrupt supply chain activities. In supply chain risk it is important to know the key risks as the risks that trigger the other risks in the supply chain. This study aims to identify the relationship of risk and mitigation to reduce the causes of the risk. The interpretive structural modeling (ISM) approach is applied to solve problems related to risk linkages and produced key risks which are the risks that most influence the occurance of other risks. The key risks obtained are then processed using the house of risk (HOR) approach to determine the priority of risk mitigation actions. ISM result obtained four key risks, namely the risk element of inputting data error when entering the number of goods and spesifications, product spesification errors desired by the customer, frequent changes in customer design requests and revisions to the design drawings. Then the result of the HOR method obtained four recommended priority mitigation actions, namely updating information on a scheduled basis, conducting briefings every day before work, coordinating and reconfirming requests for product spesifications, and implementing more strigent worker selection procedures. The linkage of the causes of risk, the validation of the ISM model statistically and the weighting of the triggered criteria are several aspects that further research is needed.</jats:p>

Optimalisasi Produktivitas dan Manajemen Risiko pada Sistem Produksi Aleta Leather Menggunakan Metode House of Risk

“…Namun dalam pendekatan FMEA diperoleh Risk Priority Number (RPN) sebagai nilai peluang sumber risiko sebagai dampak kerusakan risiko. Tujuan dilakukan upaya usulan aksi mitigasi risiko menggunakan pendekatan House of Risk untuk meninimalkan kejadian risiko di Aleta Leather dengan cara mengidentifikasi, menganalisis, mengevaluasi keseluruhan risiko yang timbul dalam perusahaan, dalam hal ini pendekatan HOR dikelompokkan 2 fase yaitu identifikasi risiko (risk identification), evaluasi risiko [11] sehingga dihasilkan identifikasi penyebab risiko yang muncul, yang kemudian bisa dilakukan upaya mitigasi [12].…”

Implementasi Metode House Of Risk Pada Evaluasi Keterlambatan Proyek Cable Tray Support di PT.SSS

“…Metode HOR secara empiris telah terbukti sangat bermanfaat dalam mengatasi risiko dalam konteks bisnis, baik dalam perusahaan manufaktur maupun usaha jasa [13]. Terutama, metode HOR sering digunakan dalam industri manufaktur [14]. Dalam konteks proyek, manajemen risiko sangat penting untuk memastikan keandalan dalam pengelolaan sumber daya seperti keuangan, peralatan, material, tenaga kerja, dan waktu [15].…”

Risk mitigation in supply chain management process: procurement using house of risk method at PT. Pertamina EP Asset 4

“…HOR phase 1 is used to identify the cause of risk from critical risk. Then selected priority risk causes to mitigate further actions necessary to reduce the cause of risk in HOR phase 2 and determine the priority of mitigation measures recommended to the company (Natalia et al, 2020) HOR 1 is measured for severity in risk event, occurrence in risk agent and correlation between risk event and risk cause and generate Aggregate Risk Potential value with a formula ARPj = Oj ΣSi Rij OJ = possible cause of risk source (j) Si = the magnitude of the impact of the risk (i) occurs Rij = correlation between risk (i) and the cause of the source of risk (i)…”