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Risk mitigation in the implementation of AMTs: A guiding framework for future
Published on Apr 1, 2012in International Journal of Industrial Engineering Computations
· DOI :10.5267/j.ijiec.2011.11.002
Bhaskar Nagar3
Estimated H-index: 3
,
Tilak Raj13
Estimated H-index: 13
Abstract
Article history: Received 20 September 2011 Received in revised form November, 2, 2011 Accepted November, 3 2011 Available online 18 November 2011 The fast industrial development increases different types of risks for the industries. Many risk factors are inherent in the implementation of advanced manufacturing technologies (AMTs). Industries are developing methodologies for risk prevention and protection. The present research focuses to identify various risks that could influence the implementation of AMTs, and develop a framework to mitigate them. For this framework, interpretive structural modeling(ISM) has been used to depict the relationship and priority among the various risks. This research provides a path for managers and indicates the dominant risks on the basis of higher driving power. Also, this research classifies the relationship among various risks in AMTs implementation according to their driving power and dependence. The risks have been categorized into four categories as autonomous risks, linkage risks, dependent risks and independent risks. The proposed hierarchal model would help the management to effectively handle and develop strategies against the risks and hence new and latest technologies can be adopted with ease and effectiveness. © 2012 Growing Science Ltd. All rights reserved
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References20
Madhusudan Singh4
Estimated H-index: 4
,
Ravi Shankar48
Estimated H-index: 48
+ 1 AuthorsAshish Agarwal9
Estimated H-index: 9
In this age of globalization, to survive, organizations need a good capacity to retain, develop, organize and utilize their knowledge assets. The knowledge of an organization comprises of professional intellect, such as know‐how, know‐why, and self‐motivated creativity; as also the experience, concepts, values, beliefs and ways of working that can be shared and communicated. Knowledge Management (KM) is described as the management of an organization’s knowledge through the processes of creating,...
160 Citations Source Cite
Robert E. Spekman34
Estimated H-index: 34
(University of Virginia),
Edward W. Davis5
Estimated H-index: 5
(University of Virginia)
The notion of risk is receiving greater attention in research on supply chain management by academics and practitioners alike. As firms collaborate and combine forces to compete as extended enterprises against other integrated supply chains, risk is linked to the interdependence among supply chain partners. Academic interests appear to focus mostly on the risks associated with logistics and its impact on the timely delivery of goods. Beyond these concerns, the events of 9/11 have heightened cons...
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Published on Mar 1, 1991in Journal of Engineering and Technology Management 2.69
Robert H. Hayes18
Estimated H-index: 18
(Harvard University),
Ramchandran Jaikumar14
Estimated H-index: 14
(Harvard University)
Abstract This paper addresses the issue of why many U.S. companies have had major problems implementing “programmable automation” technologies in a manner to exploit their full potential. Many competitors in Japan and Europe have been much more successful. The theme of the paper is that the real impediment to the effective use of this new manufacturing hardware lies in some deeply entrenched attitudes and ways of doing things that are incompatible with the requirements and unique capabilities of...
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Published on Oct 1, 2005in Tsinghua Science & Technology 1.36
Hua Liu1
Estimated H-index: 1
(South China University of Technology),
Weiping Chen1
Estimated H-index: 1
(South China University of Technology)
+ 2 AuthorsYuanyuan Li1
Estimated H-index: 1
(South China University of Technology)
Industrial risk and the diversification of risk types both increase with industrial development. Many uncertain factors and high risk are inherent in the implementation of new green manufacturing methods. Because of the shortage of successful examples and complete and certain knowledge, decision-making methods using probabilities to represent risk, which need many examples, cannot be used to evaluate risk in the implementation of green manufacturing projects. Therefore, a fuzzy multiple attribut...
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Sanjay Jharkharia5
Estimated H-index: 5
,
Ravi Shankar48
Estimated H-index: 48
Purpose – Information technology (IT) is increasingly being used towards the effectiveness of supply chains. There are, however, some barriers in this process. These barriers influence one another and also adversely affect the IT‐enablement of a supply chain. The aim of this paper is to understand these mutual influences so that those barriers which are at the root of few more barriers (called driving barriers) and those which are most influenced by the others (called dependent barriers) are ide...
204 Citations Source Cite
Andreas Norrman12
Estimated H-index: 12
(Lund University),
Ulf Jansson3
Estimated H-index: 3
(Ericsson)
Supply chain risk management (SCRM) is of growing importance, as the vulnerability of supply chains increases. The main thrust of this article is to describe how Ericsson, after a fire at a sub-supplier, with a huge impact on Ericsson, has implemented a new organization, and new processes and tools for SCRM. The approach described tries to analyze, assess and manage risk sources along the supply chain, partly by working close with suppliers but also by placing formal requirements on them. This e...
570 Citations Source Cite
Bouchaib Bahli10
Estimated H-index: 10
(Concordia University),
Suzanne Rivard37
Estimated H-index: 37
(HEC Montréal)
Outsourcing information technology (IT) operations has been recognized to have important potential benefits, including cost reduction, improved quality of service, and access to technological expertise. Researchers and practitioners also recognize that, in some circumstances, IT outsourcing entails risk, and that it sometimes leads to undesirable consequences that are the opposite of the expected benefits. The main purpose of this study was to validate measures of the risk factors associated wit...
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Published on Oct 1, 2006in International Journal of Production Economics 4.41
Christopher S. Tang46
Estimated H-index: 46
(University of California, Los Angeles)
Abstract To gain cost advantage and market share, many firms implemented various initiatives such as outsourced manufacturing and product variety. These initiatives are effective in a stable environment, but they could make a supply chain more vulnerable to various types of disruptions caused by uncertain economic cycles, consumer demands, and natural and man-made disasters. In this paper, we review various quantitative models for managing supply chain risks. We also relate various supply chain ...
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Published on Apr 1, 2007in Reliability Engineering & System Safety 4.14
Terje Aven46
Estimated H-index: 46
(University of Stavanger),
Jan Erik Vinnem18
Estimated H-index: 18
(University of Stavanger),
H.S.Wiencke2
Estimated H-index: 2
(University of Stavanger)
In this paper we present and discuss a decision framework for risk management. The framework comprises the basic elements: problem definition (challenges, goals and alternatives), stakeholders, concerns that affect the consequence analyses and the value judgments related to these consequences and analyses (frame conditions and constraints), identification of which consequence analyses to execute and the execution of these, managerial review and judgement, and the decision. The framework has nove...
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Cited By2
Published on Jan 1, 2014
Surinder Kumar1
Estimated H-index: 1
,
Tilak Raj13
Estimated H-index: 13
Flexible manufacturing systems offer many advantages over conventional manufacturing systems to enable different organisations to compete in global markets. Despite these benefits, FMSs have some important impacts on the social life. Through this paper an attempt has been made to study the social implications of this high technology related manufacturing on Indian society. For this purpose, interpretive structural modelling (ISM) technique has been utilised to identify the driving and dependent ...
1 Citations Source Cite
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