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Risk Management in Logistics

  • Chapter
Handbook on Decision Making

Part of the book series: Intelligent Systems Reference Library ((ISRL,volume 33))

Abstract

Due to the complex market and business environment, undesirable disruptions in logistics can affect enterprises and weaken its business strength. Risk Management has become the key in avoiding business losses. Logistics interruption can come from an unforeseen exogenous event such as an earthquake or from an endogenous event, like the Toyota Quality recalls in 2010 that interrupted enterprise logistic operations and degraded its performance (Trkman & McCormack, 2009). In this chapter, the risk management in logistics is studied from the process flow perspective. The topics discussed consist of logistics processes, risk management strategy, risk management process in logistic, and enterprise performance evaluation. Several risk management theories and framework from the literature are presented in the chapter. The aim is to provide valuable insights for enterprises through understanding the essential risk management concepts in logistics.

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Author information

Authors and Affiliations

  1. Industrial and Systems Engineering Department, Chung Yuan Christian University, Chungli, Taiwan

    Hui Ming Wee

  2. SONY do Brasil Ltda, Supply Chain Solutions, Manaus, AM, Brasil

    Mauricio F. Blos

  3. Management School, University of Liverpool, Liverpool, L69 3BX, UK

    Wen-Hsiung Yang

Authors
  1. Hui Ming Wee
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  2. Mauricio F. Blos
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  3. Wen-Hsiung Yang
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Editor information

Editors and Affiliations

  1. University of Technology, Sydney (UTS), Australia

    Jie Lu  & Guangquan Zhang  & 

  2. University of South Australia, Australia

    Lakhmi C. Jain

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© 2012 Springer-Verlag Berlin Heidelberg

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Wee, H.M., Blos, M.F., Yang, WH. (2012). Risk Management in Logistics. In: Lu, J., Jain, L.C., Zhang, G. (eds) Handbook on Decision Making. Intelligent Systems Reference Library, vol 33. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-25755-1_15

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  • DOI: https://doi.org/10.1007/978-3-642-25755-1_15

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-25754-4

  • Online ISBN: 978-3-642-25755-1

  • eBook Packages: EngineeringEngineering (R0)

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