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Risks Management New Literature Review

Abstracts > Vol 8

Risks management: New literature review
Ennouri W.

Abstract: The complexity of the industrial activities and the important mass of flows crossing the supply chain promotes the emergence of risks that must be considered in the decision process. For this reason, we have developed this paper to clarify the basics of risk management through a short new suggestion of literature review for risk management. Our justification of this attempt is that this area is the most discussed in our days and it is impossible to present all definition of the risk concept, we have tried to collect the most recent studies in this paper.

Keywords: Risk, Risk management

In recent years, the industry was severely affected by violent incidents, health crises and natural disasters. These incidents have a huge impact on economic activity, for example, Ericsson lost 400 million EUR after their suppliers of semiconductor plant caught fire in 2000, and Apple has lost order of DRAM in Taiwan in 1999 after an earthquake [8]. British petroleum has lost more than 1.5 billion USD after the Texas City Refinery explosion in 2005 that was considered as the worst industrial disasters in recent US history. Another example, the impact of Japanese earthquake and tsunami (Japan 2011) on industrial production is estimated at about (-17%) between the prediction of Japanese ministry of economy trade and industry and the achievement, the breaking of production chains is considered as the main channel of transmission of the disaster on the Japanese economy. The consequences of these accidents are uncertainly for this reason, the risks management in the industries has emerged as an important topic in the global logistic chain, indeed, the risk is absolutely linked with the uncertainty [27, 28]. Risk is defined as possible events whose unfavorable consequences are difficult to accept or are even unacceptable [24]. Nowadays, the risk assessment is an important research theme because the risks were always present in the industrial activity [30]. In the literature, we find several studies on risk management, these studies focuses only in downstream risks or upstream risks or production risks. This distinction does not a meaning when we talk about logistic chain and logistic risk. Moreover, this distinction does not consider the interaction can be exist between all the risks at the level of the links of the logistic chain, in this context it is preferable to use the concept of Supply Chain Risks Management (SCRM) and not risks management.

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Through this paper, we wanted to make an opportunity for researchers for understanding the basic concepts of risk management. We did a study several recent research on this topic as well as the methods used, the question that remains is which method that can we use?
Our paper starts with a set of risk definitions since it is essential to distinguish between risk and other terms that are similar. Moreover, since the risks may occur anytime and anywhere in supply chain, then the risks management becomes necessary, for this reason we give definitions of this concept and an idea about its methods. We will try, in other studies, to compare these methods to select the most appropriate.
We would like to express our thanks to all the personal of EKM company for their support during this research and for their collaboration in collecting data.

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Streszczenie: Złożoność działalności przemysłowej i istotność masy przepływów w łańcuchu dostaw sprzyja powstawaniu zagrożeń, które należy uwzględnić w procesie decyzyjnym. Z tego powodu, opracowany został ten artykuł w celu wyjaśnienia podstaw zarządzania ryzykiem poprzez nową propozycję przeglądu literatury w zakresie zarządzania ryzykiem. Uzasadnieniem dla krótkiego przeglądu jest to, że obszar ten jest często podejmowany w naszych czasach, a przedstawienie wszystkich definicji pojęcia ryzyka nie jest możliwe, dlatego też staraliśmy się zebrać najnowsze opracowania w badanym zakresie.

Słowa kluczowe: ryzyko, zarządzanie ryzykiem.


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