Weighted-ISM technique for analysing the competitiveness of uncertainty and risk measures in supply chain

Abstract

This paper mainly deals with the uncertainty and risks management in the supply chain. Uncertainty and risk management plays a vital role for the competitiveness and the growth of industries. In this regard, ten uncertainty and risk measures have been identified through the literature review and expert opinion, they are further analysed by using weighted interpretive structural modelling (W-ISM) technique. ISM approach is used to develop a structural modelling between these measures and a method of competitiveness index (CI) is used to identify the key measures. The competitiveness index evaluated in this paper will help the industries to benchmark their performance by managing uncertainty and risk measures reported in this study.