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Mitigating Risks

  • ManMohan S. Sodhi
  • Christopher S. Tang
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 172)

Abstract

To mitigate supply chain risks identified by the managers, this chapter describes three general risk mitigation strategies: (1) alignment of supply chain partners incentives to reduce the behavioral risks within the supply chain, (2) flexibility to reduce not only demand risks but also supply and process risks, and (3) building “buffers” or redundancies. We also discuss ways for managers to adapt these general risk-mitigation strategies to the circumstances of their particular company.

Keywords

Supply Chain Risk Mitigation Revenue Sharing Uncertain Demand Supply Chain Partner 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  • ManMohan S. Sodhi
    • 1
  • Christopher S. Tang
    • 2
  1. 1.Cass Business SchoolCity UniversityLondonUK
  2. 2.Anderson School of ManagementUniversity of California, Los AngelesLos AngelesUSA

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