1. Bayesian networks for supply chain risk, resilience and ripple effect analysis: A literature review
- Author
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Dmitry Ivanov and Seyed Mohsen Hosseini
- Subjects
Supply chain risk management ,Risk analysis ,BN, Bayesian Network ,OEM, Original Equipment Manufacturer ,FMEA, Failure Mode Effects & Analysis ,Computer science ,media_common.quotation_subject ,Supply chain ,Big data ,0211 other engineering and technologies ,FP, Forward Propagation ,02 engineering and technology ,CPT, Conditional Probability Table ,Article ,TEU, Total Expected Utility ,DAG, Directed Acyclic Graph ,Artificial Intelligence ,Risk analysis (business) ,SC, Supply Chain ,0202 electrical engineering, electronic engineering, information engineering ,Graphical model ,Resilience (network) ,Supply chain management ,SCRM, Supply Chain Risk Management ,Risk management ,JPD, Joint Probability Distribution ,ripple effect ,media_common ,021103 operations research ,BP, Backward Propagation ,business.industry ,General Engineering ,Bayesian network ,Complex network ,Data science ,Computer Science Applications ,DBN, Dynamic Bayesian Network ,machine learning ,Supply chain resilience ,MCS, Monte Carlo Simulation ,020201 artificial intelligence & image processing ,MF, Manufacturing Facility ,Psychological resilience ,EU, Expected Utility ,business - Abstract
Highlights • We presented the first review of application of BN in SC risk and resilience. • We analyzed reviewed journal papers using network analysis and clustering analysis. • The gaps and future research gaps are identified and discussed., In the broad sense, the Bayesian networks (BN) are probabilistic graphical models that possess unique methodical features to model dependencies in complex networks, such as forward and backward propagation (inference) of disruptions. BNs have transitioned from an emerging topic to a growing research area in supply chain (SC) resilience and risk analysis. As a result, there is an acute need to review existing literature to ascertain recent developments and uncover future areas of research. Despite the increasing number of publications on BNs in the domain of SC uncertainty, an extensive review on their application to SC risk and resilience is lacking. To address this gap, we analyzed research articles published in peer-reviewed academic journals from 2007 to 2019 using network analysis, visualization-based scientometric analysis, and clustering analysis. Through this study, we contribute to literature by discussing the challenges of current research, and, more importantly, identifying and proposing future research directions. The results of our survey show that further debate on the theory and application of BNs to SC resilience and risk management is a significant area of interest for both academics and practitioners. The applications of BNs, and their conjunction with machine learning algorithms to solve big data SC problems relating to uncertainty and risk, are also discussed.
- Published
- 2020