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Supplier Selection is a problem that supply chain managers have been facing for many years. Selecting the appropriate suppliers is no longer as simple as choosing only based on the price they offer. There are many criteria, which can be either quantitative or qualitative, to be considered. There is thus a need for an approach that can handle these criteria. Besides, as supply chains are becoming more...
Big Data revolution has transformed business models of many organizations to include the usage of big data analytics. Big Data are believed to be the key basis of competition and growth in today's world whereby huge amounts of data are created daily. One of the main challenges of Big Data is not mainly about the storage of the data but how to blend the different varieties or sources of data together...
In these recent years, the complexity of supply chain has been increasing with globalisation and as such, disruptions are happening more frequently with the impacts getting more severe. Thus, there is a growing need to deal with such risks arising from disruptions to the supply chain. The objective of this paper is to present a practical method for supply chain risk management using Value at Risk...
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