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 risk management strategies examined in the
research literature with actual practices. The intent of
this paper is three-fold. First, we develop a unified
framework for classifying supply chain risk management
articles. Second, we hope this review can serve as a
practical guide for some researchers to navigate through
the sea of research articles in this important area.
Abstract, pdf-file available for download
