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Supply Chain Risk Diffusion Model Considering Multi-Factor Influences under Hypernetwork Vision

Author

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  • Ping Yu

    (School of Science, Dalian Maritime University, Dalian 116026, China)

  • Peiwen Wang

    (School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China)

  • Zhiping Wang

    (School of Science, Dalian Maritime University, Dalian 116026, China)

  • Jia Wang

    (School of Science, Dalian Maritime University, Dalian 116026, China)

Abstract

Considering the problem of risk diffusion in increasingly complex supply chain networks, we propose using the supply chain risk diffusion model, under the hypernetwork vision, to study the influence of certain factors on risk diffusion, including the herd mentality, self-vigilance, talent recruitment, and enterprise management. First of all, the state transition probability tree is constructed to represent the state transition of each enterprise, then the Microscopic Markov Chain Approach (MMCA) is used to analyze the scale of risk spread, and the diffusion threshold of risk is discussed. We find that the herd mentality, self-vigilance, talent recruitment, and enterprise management will effectively curb the spread of risks. Directly recruiting talents and strengthening enterprise management is more effective than increasing vigilance. This study helps professionals to understand the mechanism of risk diffusion, and it provides effective suggestions on how to suppress risk diffusion in the real world.

Suggested Citation

  • Ping Yu & Peiwen Wang & Zhiping Wang & Jia Wang, 2022. "Supply Chain Risk Diffusion Model Considering Multi-Factor Influences under Hypernetwork Vision," Sustainability, MDPI, vol. 14(14), pages 1-15, July.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:14:p:8420-:d:859227
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    1. Jianhua Chen & Ting Yin, 2023. "Transmission Mechanism of Post-COVID-19 Emergency Supply Chain Based on Complex Network: An Improved SIR Model," Sustainability, MDPI, vol. 15(4), pages 1-19, February.

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