Title :
Risk assessment of supply chain system based on information entropy
Author :
Li, Yang ; Wang, Lihai ; Heyde, Mark A.
Author_Institution :
Coll. of Eng. & Technol., Northeast Forestry Univ., Harbin, China
Abstract :
In this paper an information entropy assessment measure of supply chain system risk and a decision-making method based on combined fuzzy weight and entropy weight in which the input of score matrix are triangular fuzzy numbers are proposed. The individual´s intuitive attitude toward risk is just reflected by the fuzzy weight measure of risk. An index system under supply chain risks is established. Using this assessment method, supply chain system risk assessment problems, which cannot only be dealt with subject weight or object weight reasonably, can be solved. The method not only provides an estimate of risk impact on the supply chain system, but also makes it easier for the risk analysts to investigate the accident scenarios and find system vulnerabilities.
Keywords :
decision making; fuzzy set theory; risk management; supply chain management; combined fuzzy weight; decision making; entropy weight; fuzzy weight measure; information entropy assessment measure; risk assessment; score matrix; supply chain risks; supply chain system risk; triangular fuzzy numbers; Educational institutions; Forestry; Fuzzy systems; Information analysis; Information entropy; Manufacturing; Risk analysis; Risk management; Supply chains; Uncertainty; Index System; Information Entropy; Risk Assessment; Supply Chain System; Triangular Fuzzy Numbers;
Conference_Titel :
Logistics Systems and Intelligent Management, 2010 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4244-7331-1
DOI :
10.1109/ICLSIM.2010.5461233