Risk profiling of food security impediments using decision maker’s behavioural preference towards operational risk management

Abstract

For different decision makers, their approach towards management of operational risks differs due to difference in background and behavioural preferences. For such reasons, they attach different importance to various perspectives to manage operational risks. Present study conducts and analyses risk profiling of food security impediments, in which operational risk has come up as an important impediment. Based on three perspectives namely, social, economic, and operational, the research first evaluates severity of impediments in food security. Risk profiling is then conducted on the basis of decision makers’ preferences towards different perspectives. Integration of fuzzy set theory and evidential reasoning algorithm along with decision makers’ behavioural preferences have been used for the analysis. The proposed model generates a continuum of scenarios towards relative importance of three perspectives. It is observed that despite changing the importance of perspectives, a few risks show robustness in their severity, while other ones are sensitive to small changes. Based on these dynamic changes in risk-percept, insightful risk profiling is presented in this research. The risk profiling approach uniquely helps decision makers to adequately plan their course of actions to deal with operational risks associated with food security.

Strategizing the online healthcare supply chain management in rural areas: A study of critical success factors

“…However, mere identification and ranking would not lead to effective policymaking as the behavior of the critical success varies across different scenarios and it is paramount to capture the variability trend induced by changing the weights. Our work addresses this gap and creates a continuum of scenarios (Gupta et al, 2023; Sarkar et al, 2022) which successfully captures the induced variability upon changing weights of the CSF. Also, the study attempts to map the presented scenarios with real‐life examples from the lenses of developing countries and attempts to validate the scenarios.…”

Світовий Досвід Управління Ризиками Продовольчої Безпеки: Аналіз Та Перспективи Впровадження В Україні В Повоєнний Час

“…Проблемним питанням управління ризиками продовольчої безпеки світу, окремих регіонів і зарубіжних країн присвячено праці іноземних фахівців Gupta V., Hoberg E., Boeger W., Brooks D. [16], J Ford J.D., Macdonald J.P., Huet C., Statham S., Mac Rury А. [17], а також дослідження профільних організацій -Food and Agriculture Organization of the United Nations [8], The Organisation for Economic Co-operation [14], The World Food Programme [15]. Значний внесок у осмислення цих проблем зробили такі вітчизняні вчені-економісти, як Бабич М.…”