Risk profiling of food security impediments using decision maker's behavioural preference towards operational risk management.
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| Title: | Risk profiling of food security impediments using decision maker's behavioural preference towards operational risk management. |
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| Authors: | Gupta, Rachita1 (AUTHOR) rachita.gupta@iimkashipur.ac.in, Shankar, Ravi2 (AUTHOR) ravi1@dms.iitd.ac.in, Lai, Kee-Hung3 (AUTHOR) mike.lai@polyu.edu.hk, Kumar, Ajay4 (AUTHOR) akumar@em-lyon.com |
| Source: | Annals of Operations Research. May2025, Vol. 348 Issue 2, p937-972. 36p. |
| Subjects: | Fuzzy sets, Fuzzy integrals, Operational risk, Food security, Risk assessment |
| Abstract: | For different decision makers, their approach towards management of operational risks differs due to difference in background and behavioural preferences. For such reasons, they attach different importance to various perspectives to manage operational risks. Present study conducts and analyses risk profiling of food security impediments, in which operational risk has come up as an important impediment. Based on three perspectives namely, social, economic, and operational, the research first evaluates severity of impediments in food security. Risk profiling is then conducted on the basis of decision makers' preferences towards different perspectives. Integration of fuzzy set theory and evidential reasoning algorithm along with decision makers' behavioural preferences have been used for the analysis. The proposed model generates a continuum of scenarios towards relative importance of three perspectives. It is observed that despite changing the importance of perspectives, a few risks show robustness in their severity, while other ones are sensitive to small changes. Based on these dynamic changes in risk-percept, insightful risk profiling is presented in this research. The risk profiling approach uniquely helps decision makers to adequately plan their course of actions to deal with operational risks associated with food security. [ABSTRACT FROM AUTHOR] |
| Copyright of Annals of Operations Research is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
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| Header | DbId: egs DbLabel: Engineering Source An: 185099560 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Risk profiling of food security impediments using decision maker's behavioural preference towards operational risk management. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Gupta%2C+Rachita%22">Gupta, Rachita</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> rachita.gupta@iimkashipur.ac.in</i><br /><searchLink fieldCode="AR" term="%22Shankar%2C+Ravi%22">Shankar, Ravi</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> ravi1@dms.iitd.ac.in</i><br /><searchLink fieldCode="AR" term="%22Lai%2C+Kee-Hung%22">Lai, Kee-Hung</searchLink><relatesTo>3</relatesTo> (AUTHOR)<i> mike.lai@polyu.edu.hk</i><br /><searchLink fieldCode="AR" term="%22Kumar%2C+Ajay%22">Kumar, Ajay</searchLink><relatesTo>4</relatesTo> (AUTHOR)<i> akumar@em-lyon.com</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Annals+of+Operations+Research%22">Annals of Operations Research</searchLink>. May2025, Vol. 348 Issue 2, p937-972. 36p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Fuzzy+sets%22">Fuzzy sets</searchLink><br /><searchLink fieldCode="DE" term="%22Fuzzy+integrals%22">Fuzzy integrals</searchLink><br /><searchLink fieldCode="DE" term="%22Operational+risk%22">Operational risk</searchLink><br /><searchLink fieldCode="DE" term="%22Food+security%22">Food security</searchLink><br /><searchLink fieldCode="DE" term="%22Risk+assessment%22">Risk assessment</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: For different decision makers, their approach towards management of operational risks differs due to difference in background and behavioural preferences. For such reasons, they attach different importance to various perspectives to manage operational risks. Present study conducts and analyses risk profiling of food security impediments, in which operational risk has come up as an important impediment. Based on three perspectives namely, social, economic, and operational, the research first evaluates severity of impediments in food security. Risk profiling is then conducted on the basis of decision makers' preferences towards different perspectives. Integration of fuzzy set theory and evidential reasoning algorithm along with decision makers' behavioural preferences have been used for the analysis. The proposed model generates a continuum of scenarios towards relative importance of three perspectives. It is observed that despite changing the importance of perspectives, a few risks show robustness in their severity, while other ones are sensitive to small changes. Based on these dynamic changes in risk-percept, insightful risk profiling is presented in this research. The risk profiling approach uniquely helps decision makers to adequately plan their course of actions to deal with operational risks associated with food security. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Annals of Operations Research is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1007/s10479-022-05148-7 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 36 StartPage: 937 Subjects: – SubjectFull: Fuzzy sets Type: general – SubjectFull: Fuzzy integrals Type: general – SubjectFull: Operational risk Type: general – SubjectFull: Food security Type: general – SubjectFull: Risk assessment Type: general Titles: – TitleFull: Risk profiling of food security impediments using decision maker's behavioural preference towards operational risk management. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Gupta, Rachita – PersonEntity: Name: NameFull: Shankar, Ravi – PersonEntity: Name: NameFull: Lai, Kee-Hung – PersonEntity: Name: NameFull: Kumar, Ajay IsPartOfRelationships: – BibEntity: Dates: – D: 15 M: 05 Text: May2025 Type: published Y: 2025 Identifiers: – Type: issn-print Value: 02545330 Numbering: – Type: volume Value: 348 – Type: issue Value: 2 Titles: – TitleFull: Annals of Operations Research Type: main |
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