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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 Raj14
Estimated H-index: 14
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
  • References (20)
  • Citations (2)
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References20
Newest
Published on Sep 27, 2011in Supply Chain Management 3.83
V.M. Rao Tummala15
Estimated H-index: 15
(Eastern Michigan University),
Tobias Schoenherr28
Estimated H-index: 28
(Saint Petersburg State University)
Purpose: This paper proposes a comprehensive and coherent approach for managing risks in supply chains. Methodology/Approach: Building on Tummala et al.’s (1994) Risk Management Process (RMP) this paper develops a structured and ready-to-use approach for managers to assess and manage risks in supply chains. Findings: Supply chain risks can be managed more effectively when applying the Supply Chain Risk Management Process (SCRMP). The structured approach can be divided in the phases of risk ident...
199 Citations Source Cite
Tilak Raj14
Estimated H-index: 14
,
Ravi Shankar49
Estimated H-index: 49
(Indian Institute of Technology Delhi),
Mohammed Suhaib5
Estimated H-index: 5
(Jamia Millia Islamia)
Global competition, advancements in technology and ever changing customers’ demand have made the manufacturing companies to realize the importance of flexible manufacturing systems (FMS). These organizations are looking at FMS as a viable alternative to enhance their competitive edge. But, implementation of this universally accepted and challenging technology is not an easy task. A large number of articles have been reviewed and it is found that the existing literature lacks in providing a clear...
36 Citations Source Cite
Published on Apr 1, 2007in Reliability Engineering & System Safety 4.14
E.B. Abrahamsen and Terje Aven48
Estimated H-index: 48
(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...
56 Citations Source Cite
Published on Oct 1, 2006in International Journal of Production Economics 4.41
Christopher S. Tang47
Estimated H-index: 47
(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 ...
1,217 Citations Source Cite
Published on Jul 1, 2006in Industrial Management and Data Systems 2.95
Mohd. Nishat Faisal22
Estimated H-index: 22
(Indian Institutes of Technology),
D.K. Banwet23
Estimated H-index: 23
(Indian Institutes of Technology),
Ravi Shankar49
Estimated H-index: 49
(Indian Institutes of Technology)
Purpose – With the emergence of the concepts of lean, agile and leagile paradigms for supply chains, organizations have little idea as to which model suits them based on the their supply chain's ability to counter risks and take on the challenges of the fast changing customer preferences. This paper aims to map supply chains on these two dimensions.Design/methodology/approach – A model is proposed by which suitable supply chain strategy can be selected based on customer sensitivity and risk alle...
121 Citations Source Cite
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 Li21
Estimated H-index: 21
(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...
27 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...
189 Citations Source Cite
Sanjay Jharkharia8
Estimated H-index: 8
,
Ravi Shankar49
Estimated H-index: 49
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...
209 Citations Source Cite
Published on Jul 1, 2004in International Journal of Production Economics 4.41
Jukka Hallikas15
Estimated H-index: 15
(Lappeenranta University of Technology),
Iris Karvonen7
Estimated H-index: 7
(VTT Technical Research Centre of Finland)
+ 2 AuthorsMarkku Tuominen17
Estimated H-index: 17
(Lappeenranta University of Technology)
Abstract This paper deals with risk management in supplier networks. The primary aim is to illustrate challenges that network co-operation brings to risk management. The paper outlines the general structure of the risk management process and presents methods for risk management in a complex network environment. The results indicate that risk management is an important development target in the studied supplier networks. When the dependency between companies increases, they become more exposed to...
433 Citations Source Cite
Robert E. Spekman34
Estimated H-index: 34
(University of Virginia),
Edward W. Davis6
Estimated H-index: 6
(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...
311 Citations Source Cite
Cited By2
Newest
Published on Jan 1, 2014
Surinder Kumar1
Estimated H-index: 1
,
Tilak Raj14
Estimated H-index: 14
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
Bhaskar Nagar3
Estimated H-index: 3
,
Tilak Raj14
Estimated H-index: 14
,
Ravi Shankar49
Estimated H-index: 49
Adoption of next generation manufacturing systems (NGMS) is the utmost requirement to stay and remain competitive in business. However, there are many social impacts associated with these manufacturing systems. The emphasis of this paper has been to identify critical social impact variables (SIVs) of the NGMS, understand the interactions among them and then develop a framework to mitigate their negative impacts. Interpretive structural modelling (ISM) approach has been used to establish the rela...
3 Citations Source Cite