Summary |
Enterprise risk management has always been important. However, the events of the twenty-first century have made it even more critical. The top level of business management became suspect after scandals at ENRON, WorldCom, and other business entities. Financially, many firms experienced difficulties from bubbles. The problems of interacting cultures demonstrated risk from terrorism as well, with numerous terrorist attacks, to include 9/11 in the US. Risks can arise in many facets of business. Businesses in fact exist to cope with risk in their area of specialization.
Financial risk management has focused on banking, accounting, and finance. In this book authors present more in-depth views of the perspective of supply chain risk management, to include frameworks and controls in the ERM process with respect to supply chains, information systems, and project management. We also discuss aspects of natural disaster management, with focus on China, where we have access to observing some of the financial aspects of risk to supply chain firms.
The bulk of this book is devoted to presenting a number of operations research models that have been (or could be) applied to supply chain risk management.
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