By a News Reporter-Staff News Editor at Journal of Technology -- Current study results on Business Logistics have been published. According to news reporting originating from Tempe, Arizona , by VerticalNews correspondents, research stated, "Mitigating supply chain risk is a critical component of a company's overall risk management strategy. Drawing upon Contingency Theory, we posit that the appropriateness and effectiveness of risk mitigation strategies are contingent on the internal and external environments and that there is no one-size-fits-all strategy." Our news editors obtained a quote from the research from Arizona State University , "While literature on risk management has proposed a variety of tools and techniques for effectively evaluating and managing supply chain risks, comprehensive assessment of the efficiencies of alternative risk mitigation strategies has not been addressed in the literature. Such an assessment will help managers select the appropriate mitigation strategy for a given decision-making environment. To this end, this study is first of its kind in evaluating and proposing efficient supply chain risk mitigation strategies in the presence of a variety of risk categories, risk sources, and supply chain configurations. We combine an empirically grounded simulation methodology with data envelopment analysis and nonparametric statistical methods to analyze and rank alternative mitigation strategies. We find that the more efficient strategies focus on flexibility rather than on redundancy for supply chain failures." According to the news editors, the research concluded: "Our research presents several interesting and useful managerial insights for deciding what strategies are most capable of mitigating risks in a variety of contexts." For more information on this research see: Assessing the Efficiency of Risk Mitigation Strategies in Supply Chains. Journal of Business Logistics , 2013;34(4):253-269. Journal of Business Logistics can be contacted at: Wiley-Blackwell, 111 River St , Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/ ; Journal of Business Logistics - onlinelibrary.wiley.com/journal/10.1002/ (ISSN)2158-1592) The news editors report that additional information may be obtained by contacting S. Talluri, Arizona State University , WP Carey Sch Business, Tempe, AZ 85287, United States . Additional authors for this research include T.J. Kull , H. Yildiz and J. Yoon . Keywords for this news article include: Tempe, Arizona , United States , Business Logistics, North and Central America Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC
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