Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand

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The formalization of risk management and its integration into intelligent supply chain optimization is evaluated through an online survey involving leaders of enterprises in Thailand. A novel mathematical model aimed at enhancing risk mitigation while considering the availability of requisite resources is introduced and subsequently optimized utilizing GAMS software. To address the multi-objective nature inherent in the proposed model, an approach grounded in fuzzy theory is applied. The research outcomes illuminate the evolving role of risk mitigation within Thai enterprises, emphasizing its responsibility to provide assurances against potential risks. Despite notable strides in risk management, persistent challenges are underscored. Furthermore, emphasis is placed on the capacity of intelligent supply chains to adapt and efficaciously address dynamic risk factors in an ever-evolving world, aligning seamlessly with the principles of sustainable development." /> <meta name="title" content="Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand" /> <meta name="googlebot" content="NOODP" /> <meta name="citation_title" content="Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand" /> <meta name="citation_author" content="Liu, Yilin" /> <meta name="citation_author_institution" content="International College, Krirk University, Thailand" /> <meta name="citation_abstract" content="In this study, an exploration is undertaken to contribute significantly to the sustainable development of intelligent supply chains by investigating the optimization of the supply chain network within the realm of risk management, with specific attention devoted to resource reliability. The formalization of risk management and its integration into intelligent supply chain optimization is evaluated through an online survey involving leaders of enterprises in Thailand. A novel mathematical model aimed at enhancing risk mitigation while considering the availability of requisite resources is introduced and subsequently optimized utilizing GAMS software. To address the multi-objective nature inherent in the proposed model, an approach grounded in fuzzy theory is applied. The research outcomes illuminate the evolving role of risk mitigation within Thai enterprises, emphasizing its responsibility to provide assurances against potential risks. Despite notable strides in risk management, persistent challenges are underscored. Furthermore, emphasis is placed on the capacity of intelligent supply chains to adapt and efficaciously address dynamic risk factors in an ever-evolving world, aligning seamlessly with the principles of sustainable development." /> <meta name="citation_id" content="2932" /> <meta name="citation_publication_date" content="2024/02/28" /> <meta name="citation_date" content="2024-02-28" /> <meta name="citation_journal_title" content="International Journal of Supply and Operations Management" /> <meta name="citation_issn" content="23831359" /> <meta name="citation_volume" content="0" /> <meta name="citation_issue" content="" /> <meta name="citation_firstpage" content="" /> <meta name="citation_lastpage" content="" /> <meta name="citation_publisher" content="Kharazmi University" /> <meta name="citation_doi" content="10.22034/ijsom.2024.110239.2988" /> <meta name="DC.Identifier" content="10.22034/ijsom.2024.110239.2988" /> <meta name="citation_abstract_html_url" content="http://www.ijsom.com/article_2932.html" /> <meta name="citation_pdf_url" content="http://www.ijsom.com/article_2932_dd0f9e10b6c2f452c81e30ace79083ad.pdf" /> <meta name="DC.Title" content="Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand" /> <meta name="DC.Source" content="International Journal of Supply and Operations Management" /> <meta name="DC.Date" content="28/02/2024" /> <meta name="DC.Date.issued" content="2024-02-28" /> <meta name="DC.Format" content="application/pdf" /> <meta name="DC.Contributor" content="Liu, Yilin" /> <meta name="og:title" content="Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand" /> <meta name="og:description" content="In this study, an exploration is undertaken to contribute significantly to the sustainable development of intelligent supply chains by investigating the optimization of the supply chain network within the realm of risk management, with specific attention devoted to resource reliability. The formalization of risk management and its integration into intelligent supply chain optimization is evaluated through an online survey involving leaders of enterprises in Thailand. A novel mathematical model aimed at enhancing risk mitigation while considering the availability of requisite resources is introduced and subsequently optimized utilizing GAMS software. To address the multi-objective nature inherent in the proposed model, an approach grounded in fuzzy theory is applied. The research outcomes illuminate the evolving role of risk mitigation within Thai enterprises, emphasizing its responsibility to provide assurances against potential risks. Despite notable strides in risk management, persistent challenges are underscored. 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The formalization of risk management and its integration into intelligent supply chain optimization is evaluated through an online survey involving leaders of enterprises in Thailand. A novel mathematical model aimed at enhancing risk mitigation while considering the availability of requisite resources is introduced and subsequently optimized utilizing GAMS software. To address the multi-objective nature inherent in the proposed model, an approach grounded in fuzzy theory is applied. The research outcomes illuminate the evolving role of risk mitigation within Thai enterprises, emphasizing its responsibility to provide assurances against potential risks. Despite notable strides in risk management, persistent challenges are underscored. Furthermore, emphasis is placed on the capacity of intelligent supply chains to adapt and efficaciously address dynamic risk factors in an ever-evolving world, aligning seamlessly with the principles of sustainable development.</div> <p class="padding-0" style="margin:12px -2px 0 -2px"><strong>Keywords</strong></p> <ul class="block list-inline list-inline-seprator margin-bottom-6 ltr"> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106408&_kw=Sustainable+development" >Sustainable development</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106279&_kw=Risk+mitigation" >Risk mitigation</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106501&_kw=Mathematical+modeling" >Mathematical modeling</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=105912&_kw=Fuzzy+theory" >Fuzzy theory</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106502&_kw=Intelligent+supply+chain" >Intelligent supply chain</a> </li> </ul> </div> <hr> <div class="page_break"></div> <div class="panel"> <div class="panel-heading card-header"> <h4 class="panel-title "> <a data-toggle="collapse" data-parent="#accordions" href="#collapsesRef"><i class="fa fa-plus"></i> References</a> </h4> </div> <div id="collapsesRef" class="panel-collapse collapse"> <div class="panel-body justify"> <div class="padding-3 margin-top-3 ltr justify">Anderson, U.L., Head, M.J., Ramamurthy, S., Riddle, Ch., Salamasik, M. and Sobel, P.J. 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Integration of enterprise risk management and management control system: based on a case study. <em>Investment Management and Financial Innovations, 14</em>(1), 19–26. </div> <div class="padding-3 margin-top-3 ltr justify">Sitnikov, P.V., Ibrayeva, A.S., Aldabergenov, A.T., Baikenzheyev, A.S., and Ibrayev, N.S. (2020). Forming an Anti-Corruption Culture of Law Enforcement Agencies: National and International Experience. <strong><em>Journal of Advanced Research in Law and Economics,</em></strong><em> 11</em>(20), 598–604. </div> <div class="padding-3 margin-top-3 ltr justify">Suryawanshi, P., & Dutta, P. (2022). Optimization models for supply chains under risk, uncertainty, and resilience: A state-of-the-art review and future research directions. <em>Transportation Research Part E: Logistics and Transportation Review, 157</em>, 102553. </div> <div class="padding-3 margin-top-3 ltr justify">Swanson, D. (2019). Setting internal audit’s long-term priorities. <em>EDPACS, 59</em> (2), 1–5. </div> <div class="padding-3 margin-top-3 ltr justify">Zhang, N., & Alipour, A. (2021). A multi-step assessment framework for optimization of flood mitigation strategies in transportation networks. <em>International Journal of Disaster Risk Reduction, 63</em>, 102439. </div> <div class="padding-3 margin-top-3 ltr justify">Zwaan, L., Stewart, J., and Subramaniam, N. (2011). Internal audit involvement in enterprise risk management. <em>Managerial Auditing Journal, 26</em>(7), 586–604.</div> </div> </div> </div> </div> </div>   <div class="col-lg-3 col-md-3 col-sm-4"> <div class="panel panel-default my_panel-default margin-bottom-10"> <div class="panel-body ar_info_pnl" id="ar_info_pnl_cover"> <div id="pnl_cover"> <div class="row" > <div class="col-xs-6 col-md-6 nomargin-bottom"> <a href="javascript:loadModal('International Journal of Supply and Operations Management', './data/ijsom/coversheet/cover_en.jpg')"> <img src="data/ijsom/coversheet/cover_en.jpg" alt="International Journal of Supply and Operations Management" style="width: 100%;"> </a> </div> <div class="col-xs-6 col-md-6 nomargin-bottom"> <h6><br><a href="./?_action=press&issue=-1&_is=Articles in Press">Articles in Press</a>, Accepted Manuscript<br/> Available Online from 28 February 2024</h6> </div> </div> </div> </div> </div>  <div class="panel panel-default my_panel-default margin-bottom-10 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<ul class="list-group list-group-bordered list-group-noicon" style="display:block !important;max-height:9999px"> <li class="list-group-item"><a class="tag_a">Article View: <i>158</i></a></li> <li class="list-group-item"><a class="tag_a">PDF Download: <i>109</i></a></li> </ul> </div> </div> </div> </div>  </div> </section> <div id="cite-apa" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">APA</h4> </div>  <div class="modal-body"> <p>Liu, Y. (2024). Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand. <em>International Journal of Supply and Operations Management</em>, (), -. doi: 10.22034/ijsom.2024.110239.2988</p> </div> </div> </div> </div> <div id="cite-mla" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">MLA</h4> </div>  <div class="modal-body"> <p>Yilin Liu. "Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand". <em>International Journal of Supply and Operations Management</em>, , , 2024, -. doi: 10.22034/ijsom.2024.110239.2988</p> </div> </div> </div> </div> <div id="cite-harvard" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">HARVARD</h4> </div>  <div class="modal-body"> <p>Liu, Y. (2024). 'Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand', <em>International Journal of Supply and Operations Management</em>, (), pp. -. doi: 10.22034/ijsom.2024.110239.2988</p> </div> </div> </div> </div> <div id="cite-vancouver" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">VANCOUVER</h4> </div>  <div class="modal-body"> <p>Liu, Y. Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand. <em>International Journal of Supply and Operations Management</em>, 2024; (): -. doi: 10.22034/ijsom.2024.110239.2988</p> </div> </div> </div> </div> </div> </div>   <section class="alternate padding-xxs"> </section>   <div class="container"> <footer id="footer"> <div class="scrollup" id="scroll" href="#"><span></span></div> <div class="row"> <div class="col-md-2">  <h4 class="">Explore Journal</h4> <ul class="footer-links list-unstyled"> <li id="fli_home"><a href="./">Home</a></li> <li id="fli_about"><a href="./journal/about">About Journal</a></li> <li id="fli_Edb"><a href="./journal/editorial.board">Editorial Board</a></li> <li id="fli_submit"><a href="./author">Submit Manuscript</a></li> <li id="fli_contactus"><a href="./journal/contact.us">Contact Us</a></li> <li id="fli_glossary"><a href="./journal/glossary">Glossary</a></li> <li id="fli_order_hrdj"><a href="./journal/subscription.form">Hard Copy Subscription</a></li> <li id="fli_sitemap"><a href="./sitemap.xml?usr">Sitemap</a></li> </ul>  </div> <div class="col-md-3">  <h4 class="">Latest News</h4> <ul class="footer-posts list-unstyled"> <li> <a href="./news?newsCode=173">SD of ISC: Sustainable Development of Intelligent Supply Chains based on Trends and Future Directions: Application of Novel Solution Techniques</a> <small class="ltr">2023-03-05</small> </li> </ul>  </div> <div class="col-md-3">  <div><p><a title="Linkedin" href="http://www.linkedin.com/company/ijsom?trk=eml-cp_mktg-btn-welcome-20120607%2F"><img src="images/linkedin.jpg" alt="linkedin" /></a></p></div>  </div> <div class="col-md-4">  <h4 class="">Newsletter Subscription</h4> <p>Subscribe to the journal newsletter and receive the latest news and updates</p> <form class="validate" action="" method="post" data-success="Subscription saved successfully." data-toastr-position="bottom-right"> <input type="hidden" name="_token" value="6a1e3cdbc4b4b6619ae995cfead3bcfe94838ac059b3683c"/> <div class="input-group"> <span class="input-group-addon"><i class="fa fa-envelope"></i></span> <input type="email" id="email" name="email" required="required" class="form-control required sbs_email" placeholder="Enter your Email" oninvalid="this.setCustomValidity('Enter a valid email address.')" oninput="this.setCustomValidity('')"> <span class="input-group-btn"> <button class="btn btn-primary mybtn" type="submit">Subscribe</button> </span> </div> </form>   <div class="margin-top-20"> <a class="noborder" href="" target="_blank" class="social-icon social-icon-border social-facebook pull-left block" data-toggle="tooltip" data-placement="top" title="Facebook"> <i class="fa fa-facebook-square" aria-hidden="true"></i> </a> <a class="noborder" href="" target="_blank" class="social-icon social-icon-border social-facebook pull-left block" data-toggle="tooltip" data-placement="top" title="Twitter"> <i class="fa fa-twitter-square" aria-hidden="true"></i> </a> <a class="noborder" href="" target="_blank" class="social-icon social-icon-border social-facebook pull-left block" data-toggle="tooltip" data-placement="top" title="Linkedin"> <i class="fa fa-linkedin-square" aria-hidden="true"></i> </a> <a class="noborder" href="./ju.rss" class="social-icon social-icon-border social-rss pull-left block" data-toggle="tooltip" data-placement="top" title="Rss"><i class="fa fa-rss-square" aria-hidden="true"></i></a> </div> </div> </div> <div class="copyright" style="position: relative"> <ul class="nomargin list-inline mobile-block"> <li>© Journal Management System. <span id='sp_crt'>Powered by <a target='_blank' href='https://www.sinaweb.net/'>Sinaweb</a></span></li> </ul> </div> </footer> </div>  </div>   <a href="#" id="toTop_old"></a>  <div id="preloader"> <div class="inner"> <span class="loader"></span> </div> </div>  <script type="text/javascript">var plugin_path = './themes/base/front/assets/plugins/';</script> <script type="text/javascript" src="./themes/base/front/assets/js/scripts.js?v=0.02"></script>   <script type="text/javascript"> $('ul.nav li.dropdown').hover(function() { if (window.matchMedia('(max-width: 767px)').matches) return; 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Optimizing Sustainability and Risk Management in Intelligent Supply Chains: A Case Study from Thailand