American Journal of Operations Management and Information Systems

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Emerging Risk Knowledge System: An Interdisciplinary Approach of Emerging Risk in Supply Chain Management

Received: Jul. 08, 2022    Accepted: Jul. 22, 2022    Published: Jan. 10, 2023
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Abstract

This paper present and describe the Emerging Risk Knowledge System (ERKS) which offers solutions to manage effectively complex and unstable situations like emerging risks. Current knowledge is a base for developing new knowledge. However, developing a new Knowledge System (using an interdisciplinary approach) will help the managers to re-evaluate their risk environment. The world's volatility proves that an interdisciplinary understanding of the role of knowledge in the management of supply chain risk is needed. What makes wise-decisions so challenging is that they have to be trapped in the fog of doubt and uncertainty, clouding our ability to make-clear assessments. It is agreed that each situation regarding the supply chain risk is unique and the challenge is to develop an interdisciplinary approach that is meaningful in the practical context. The objective of ERKS is to “train-our-minds” to be more efficient-about-optimizing our decision-making ability. Building on three components (perception, tools, and experiences) that influence one another it develops a system that makes a manager capable of designing new ways of handling disruptions in supply chain management. It aims to provide him with the knowledge he need for his strategy.

DOI 10.11648/j.ajomis.20220704.12
Published in American Journal of Operations Management and Information Systems ( Volume 7, Issue 4, December 2022 )
Page(s) 34-40
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Wisdom, Emerging Risk Knowledge System, Supply Chain Risk, Perception, Emerging Risk

References
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Cite This Article
  • APA Style

    Athanasios Batsakidis, Alexander Tsigkas. (2023). Emerging Risk Knowledge System: An Interdisciplinary Approach of Emerging Risk in Supply Chain Management. American Journal of Operations Management and Information Systems, 7(4), 34-40. https://doi.org/10.11648/j.ajomis.20220704.12

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    ACS Style

    Athanasios Batsakidis; Alexander Tsigkas. Emerging Risk Knowledge System: An Interdisciplinary Approach of Emerging Risk in Supply Chain Management. Am. J. Oper. Manag. Inf. Syst. 2023, 7(4), 34-40. doi: 10.11648/j.ajomis.20220704.12

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    AMA Style

    Athanasios Batsakidis, Alexander Tsigkas. Emerging Risk Knowledge System: An Interdisciplinary Approach of Emerging Risk in Supply Chain Management. Am J Oper Manag Inf Syst. 2023;7(4):34-40. doi: 10.11648/j.ajomis.20220704.12

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  • @article{10.11648/j.ajomis.20220704.12,
      author = {Athanasios Batsakidis and Alexander Tsigkas},
      title = {Emerging Risk Knowledge System: An Interdisciplinary Approach of Emerging Risk in Supply Chain Management},
      journal = {American Journal of Operations Management and Information Systems},
      volume = {7},
      number = {4},
      pages = {34-40},
      doi = {10.11648/j.ajomis.20220704.12},
      url = {https://doi.org/10.11648/j.ajomis.20220704.12},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ajomis.20220704.12},
      abstract = {This paper present and describe the Emerging Risk Knowledge System (ERKS) which offers solutions to manage effectively complex and unstable situations like emerging risks. Current knowledge is a base for developing new knowledge. However, developing a new Knowledge System (using an interdisciplinary approach) will help the managers to re-evaluate their risk environment. The world's volatility proves that an interdisciplinary understanding of the role of knowledge in the management of supply chain risk is needed. What makes wise-decisions so challenging is that they have to be trapped in the fog of doubt and uncertainty, clouding our ability to make-clear assessments. It is agreed that each situation regarding the supply chain risk is unique and the challenge is to develop an interdisciplinary approach that is meaningful in the practical context. The objective of ERKS is to “train-our-minds” to be more efficient-about-optimizing our decision-making ability. Building on three components (perception, tools, and experiences) that influence one another it develops a system that makes a manager capable of designing new ways of handling disruptions in supply chain management. It aims to provide him with the knowledge he need for his strategy.},
     year = {2023}
    }
    

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    AU  - Athanasios Batsakidis
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    DO  - 10.11648/j.ajomis.20220704.12
    T2  - American Journal of Operations Management and Information Systems
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    AB  - This paper present and describe the Emerging Risk Knowledge System (ERKS) which offers solutions to manage effectively complex and unstable situations like emerging risks. Current knowledge is a base for developing new knowledge. However, developing a new Knowledge System (using an interdisciplinary approach) will help the managers to re-evaluate their risk environment. The world's volatility proves that an interdisciplinary understanding of the role of knowledge in the management of supply chain risk is needed. What makes wise-decisions so challenging is that they have to be trapped in the fog of doubt and uncertainty, clouding our ability to make-clear assessments. It is agreed that each situation regarding the supply chain risk is unique and the challenge is to develop an interdisciplinary approach that is meaningful in the practical context. The objective of ERKS is to “train-our-minds” to be more efficient-about-optimizing our decision-making ability. Building on three components (perception, tools, and experiences) that influence one another it develops a system that makes a manager capable of designing new ways of handling disruptions in supply chain management. It aims to provide him with the knowledge he need for his strategy.
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Author Information
  • Department of Production and Management Engineering, Democritus University of Thrace, Xanthi, Greece

  • Department of Production and Management Engineering, Democritus University of Thrace, Xanthi, Greece

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