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A Petri Net Pareto ISO 31000 Workflow Process Decision Making Approach for Supply Chain Risk Trigger Inventory Decisions in Government Organizations
MIS and Decision Sciences, Eberly College of Business & Information Technology, Indiana University of Pennsylvania, Indiana, USA
MIS and Decision Sciences, Eberly College of Business & Information Technology, Indiana University of Pennsylvania, Indiana, USA
MIS and Decision Sciences, Eberly College of Business & Information Technology, Indiana University of Pennsylvania, Indiana, USA
- 1 MIS and Decision Sciences, Eberly College of Business & Information Technology, Indiana University of Pennsylvania, Indiana, USA
- 2 MIS and Decision Sciences, Eberly College of Business & Information Technology, Indiana University of Pennsylvania, Indiana, USA
- 3 MIS and Decision Sciences, Eberly College of Business & Information Technology, Indiana University of Pennsylvania, Indiana, USA
Intelligent Information Management·Volume 06 (2014)·Pages 157–170·Published 24 April 2014·DOI10.4236/iim.2014.63017
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Abstract
The Petri Net Pareto method proposed in this study has the advantages of acting directly on computing results by assessment of workflow process information. Our study contributes to the literature because it has investigated an ISO 31000 workflow process approach to group decision making for reducing backorders in the supply chain, from an integrated perspective utilizing Pareto charts and Petri nets. The contribution to the literature is also enhanced by the L-Project illustrative example that presents an evaluation hierarchy of supply chain risk. The proposed method is appropriate for use in situations in which assessment information may be qualitative or precise quantitative information is either unavailable or too costly to compute.
KeywordsSupply Chain ManagementBackorderRiskTriggersISOInventoryPetri NetsPareto Charts
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