Decision Support for Dynamic Risks to Improve Supply Chain Resilience

Details

• Creators:
  Hupman, Andrea C
• Corporate Creators:
  University of Nebraska. Mid-America Transportation Center ; University of Missouri--St. Louis.
• Corporate Contributors:
  United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology
• Subject/TRT Terms:
  • Decision support systems
  • Disaster resilience
  • Predictive models
  • Risk assessment
  • Supply chain management
• Publication/ Report Number:
  25-1121-3002-104
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States
• Edition:
  Final report Oct 2023-December 2024
• Corporate Publisher:
  University of Nebraska-Lincoln. Mid-America Transportation Center
• Abstract:
  This report describes work examining the element of timing within risk mitigation decisions with the goal of building decision support tools to better manage transportation and supply chain risks. This research then develops analytical frameworks to derive insight to two overarching research questions involving how the timing of information affects mitigation decisions and how these scenarios can be modeled. The frameworks examine a two-action decision scenario and a multiple action decision. Within the two-action decisions, we find that scenarios in which the cost of the risk is relatively low relative to the mitigation costs are most sensitive to these issues of timing. We find differences between the two-action and multiple-action decision that underscore the importance of understanding the parameters of the decision situation. Finally, the results underscore the important role played by specifications to represent the decision maker’s belief about factors affecting the decision-making context.
• Format:
  PDF
• Funding:
  69A3552348307
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/85162/dot_85162_DS1.pdf
• File Type:
  [PDF - 4.40 MB]
• Collection(s):
  University Transportation Centers
• Main Document Checksum:
  urn:sha-512:12285cf0dc0ad2a5dcfd0faa8655bb65c877736259d5e4874a386742972fbaf2739ba909576e21bb1d363de257b391c2b9178b87b7263a024836bd473d9cf5e0