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An intuitive fuzzy approach for evaluating financial resiliency of supply chain

Author

Listed:
  • Iman Ghasemian Sahebi

    (University of Tehran)

  • Seyed Pendar Toufighi

    (University of Tehran)

  • Gencay Karakaya

    (Istanbul Commerce University)

  • Shahryar Ghorbani

    (University of Sakarya)

Abstract

Since the financial crisis of 2008, financial resiliency has gradually become a crucial tools employed by supply chains worldwide to resist external risks and shocks. Risks and shocks sometimes creating a turbulent environment can vary in intensity and frequency and may be attributed to a system's internal or external factors. Resilience is defined as the capacity to withstand risks that are more significant, rapid recovery after risks, and reduced degradation by virtue of a certain number of hazards. Financial resiliency focuses on how an organization efficiently deploys the remaining financial resources and invests in maintenance and reconstruction strategies to accelerate the recovery process. This study aims to identify and classify the criteria for measuring supply chain financial resilience using the hybrid Fuzzy Delphi Method (FDM) and intuitive fuzzy DEMATEL technique with interval values (IVIF-DEMATEL). For this purpose, by reviewing the literature, 29 criteria of supply chain financial resiliency were identified, and after screening by FDM, 12 criteria were finalized. In the next step, the desired criteria were classified into two category, and the importance of each was determined.

Suggested Citation

  • Iman Ghasemian Sahebi & Seyed Pendar Toufighi & Gencay Karakaya & Shahryar Ghorbani, 2022. "An intuitive fuzzy approach for evaluating financial resiliency of supply chain," OPSEARCH, Springer;Operational Research Society of India, vol. 59(2), pages 460-481, June.
    • Handle: RePEc:spr:opsear:v:59:y:2022:i:2:d:10.1007_s12597-021-00563-z
    DOI: 10.1007/s12597-021-00563-z
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    References listed on IDEAS

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