TITLE:
A Petri Net Pareto ISO 31000 Workflow Process Decision Making Approach for Supply Chain Risk Trigger Inventory Decisions in Government Organizations
AUTHORS:
James A. Rodger, Pankaj Pankaj, Ata Nahouraii
KEYWORDS:
Supply Chain Management, Backorder, Risk, Triggers, ISO, Inventory, Petri Nets, Pareto Charts
JOURNAL NAME:
Intelligent Information Management,
Vol.6 No.3,
May
29,
2014
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.