Risk and Supply Chain Mitigation Analysis Using House of Risk Method and Analytical Network Process (A Case Study on Palm Oil Company)

Kurniawan, Shelvy; Marzuky, Denny; Ryanto, Rio; Agustine, Vanny

doi:10.21512/tw.v22i2.7056

Cited by 3 publications

(3 citation statements)

References 25 publications

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“…After the priority risk analysis, in the HOR 2 phase, an effective action was selected to reduce the risk (Kurniawan et al, 2021). The data measured in the HOR 2 phase are the correlation between mitigation strategies and priority risk agents, total effectiveness (TE k ), and effectiveness-to-difficulty ratio (ETD) values, as seen in Equations 2 and 3.…”

Section: House Of Risk (Hor)mentioning

confidence: 99%

Risk assessment in sustainable food supply chains: A holistic approach by using HOR-SWOT-ANP/AHP to ensuring performance improvement

Agustin Prima Dania,

Maulidina Lu’ayya,

Septifani

2024

AFSSAAE

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The global food supply chain plays an essential role in economic development while addressing environmental and social issues in its business system. However, this complex network is exposed to various risk factors related to sustainability that can disrupt the supply chain performance. CV. XYZ is a food manufacturer that produces jackfruit chips in Indonesia. During the supply chain process, this company needs to manage the various risks across the supplier, manufacturer, and retailer stages. By identifying and evaluating risks at each stage, mitigation and improvement strategies can be proposed. Therefore, this research aimed to analyze the supply chain risk mitigation and performance improvement strategies for maintaining supply chain stability and performance. House of Risk (HOR) was applied to analyze the mitigation strategies, while SWOT with analytical networking process (ANP) or analytical hierarchy process (AHP)/ (i.e., SWOT-ANP/AHP method)was used for analyzing performance improvement strategies by considering the weight of each factor. The result shows that twelve mitigation strategies are needed to mitigate the fourteen risk agents that focus on improving production activities and human resources. Moreover, eleven strategies have been proposed to improve sustainable supply chain performance in the future, focusing more on marketing activities and enhancing human resource capabilities.

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Section: House Of Risk (Hor)mentioning

confidence: 99%

Risk assessment in sustainable food supply chains: A holistic approach by using HOR-SWOT-ANP/AHP to ensuring performance improvement

Agustin Prima Dania,

Maulidina Lu’ayya,

Septifani

2024

AFSSAAE

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“…It is likewise used to deal with the store network dangers of a piece elastic organization [8] and a little family electrical machines organization [9]. Some additionally join the HOR model with different techniques, for example, the Analytical Network Process (ANP) to examine production network risk in the oil palm industry [10] and the wooden toy industry [11].…”

Section: Introductionmentioning

confidence: 99%

Integrating fuzzy logic and house risk method for operational risk management in automotive industry

Puspitasari

Yuwono

2022

IOP Conf. Ser.: Earth Environ. Sci.

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Risk management is very important for all organizations and nowadays companies need to be aware of the risks that endanger their operational activities. The object of this research is a motorcycle component manufacturing company that has not yet fully identified its operational risks and designed risk management even though these risks affect the company’s performance. Therefore, the purpose of this study is to identify operational risks and design preventive actions. This study combines fuzzy logic with the house of risk (HOR) model which consists of two phases. The first phase determines the dominant risk agents and the second phase determines the effective actions to deal with them. From the results, there are 22 risk events and 28 risk agents with fifteen dominant risk agents such as human error, data misinformation, and others. Twelve preventive actions were also obtained, such as improving communication both internally and externally and others.

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“…At this stage, it is to obtain risk events and causes of risk. The risk events and causes of these risks cause the company to lose in terms of time and costs so that it has an impact on business activities in the company (Kurniawan et al, 2021). 1.…”

Section: Risk Analysis (House Of Risk Phase 1)mentioning

confidence: 99%

Risk Analysis and Mitigation in Supply Chain with House of Risk (HOR) Approach in Bag Manufacturing Industry at XYZ Ltd.

Proceedings of the International Conference on Industrial Engineering and Operations Management

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XYZ Ltd. is a company engaged in the bag-making manufacturing industry. The products produced include various types of bags such as backpacks, messengers, triangles, body bags, waist bags, and wheeled suitcases. The problems currently faced by XYZ Ltd. in its business processes, namely requests that are not the same as forecasts, delays in raw materials sent by suppliers, damage to raw materials during storage in warehouses due to the absence of routine checks, machine breakdowns that affect production process delays, and returns of finished products from consumers due to defect at the time of delivery. This causes the company to lose in terms of time and cost. This study uses the House Of Risk method. The House Of Risk method is a modification of the Failure Modes and Effects of Analysis (FMEA) method and the Quality Function Deployment (QFD) method. The purpose of this study is to identify potential risks that may arise in the supply chain at XYZ Ltd, find out the causes of these risks, and design effective risk mitigation strategies for the company. In the House Of Risk (HOR) stage 1, namely the risk identification stage, there are 33 risk events and 42 risk agents. Then after being analyzed using a Pareto diagram, 13 dominant risk causes were found based on the Aggregate Risk Potential (ARP) value. In the House Of Risk (HOR) phase 2, 14 mitigation actions (preventive actions) are proposed to overcome the probability of the emergence of risk agents in the supply chain of XYZ Ltd.

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Risk and Supply Chain Mitigation Analysis Using House of Risk Method and Analytical Network Process (A Case Study on Palm Oil Company)

Cited by 3 publications

References 25 publications

Risk assessment in sustainable food supply chains: A holistic approach by using HOR-SWOT-ANP/AHP to ensuring performance improvement

Risk assessment in sustainable food supply chains: A holistic approach by using HOR-SWOT-ANP/AHP to ensuring performance improvement

Integrating fuzzy logic and house risk method for operational risk management in automotive industry

Risk Analysis and Mitigation in Supply Chain with House of Risk (HOR) Approach in Bag Manufacturing Industry at XYZ Ltd.

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