Proactive cost-effective identification and mitigation of supply delay risks in a low volume high value supply chain using fault-tree analysis

Supply chain risk network management: A Bayesian belief network and expected utility based approach for managing supply chain risks

“…It has been extensively used in SCRM to identify critical risks (Nepal & Yadav, 2015;Dong & Cooper, 2016). Similarly, utilising established techniques from the field of reliability engineering, Aqlan & Lam (2015) proposed a bow-tie analysis based process to capture the interdependency of supply chain risks whereas Oehmen et al (2009) and Sherwin et al (2016) introduced FTA based frameworks to assess risks. The main problem with these techniques is their limited focus on capturing common cause failures.…”

“…A number of established techniques have been utilised to identify, assess and treat supply chain risks (Colicchia & Strozzi, 2012;Ho et al, 2015). Fault Tree Analysis (FTA) being widely used in the literature on system safety and reliability engineering (Ashrafi et al, 2015) is considered an effective technique for managing supply chain risks (Oehmen et al, 2009;Sherwin et al, 2016). The technique is used to identify a top event (occurrence of a risk) and develop a network of causal factors leading to the top event.…”

Modeling disruption in a fresh produce supply chain

“…Despite the wealth of mathematical models that address SC risk (Babich et al, 2007, Chang et al, 2015a, Sherwin et al, 2016, disruptions (Snyder et al, 2006, Ivanov et al, 2016, Snyder et al, 2016, and disaster relief (Altay and Green III, 2006, Afshar and Haghani, 2012, Caunhye et al, 2012, mathematical models of food contamination and its impact on agri-supply chains are relatively sparse. The current literature on SC disruptions in the fresh produce sector approaches the problem qualitatively and generally focuses on identifying key factors in these disruptions.…”

Static and dynamic fault tree analysis with application to hybrid vehicle systems and supply chains

“…During FMEA processes, when some critical effects are found, fault tree analysis helps to analyze causes from the lowest level (Zsidisin and Ritchie, 2008). From existing literature, we only find Sherwin et al (2016) represent a system of suppliers within a low volume high value supply chain as a fault tree to identify risks and make mitigation strategy. In their paper, when they build fault tree, they have not considered the dependency and interplay between basic events which triggers the risk of supply chain.…”

“…For a low volume high value supply chain, a robust method is developed to reduce the likelihood of delays in material flow by representing the system of suppliers within a supply chain as a fault-tree and determining the proactive optimum mitigation strategy (Sherwin et al, 2016). However, the fault tree is unable to depict interplay between components in a supply chain.…”