Risk assessment of the supply chain: Approach based on analytic hierarchy process and group decision-making

Faced with a turbulent economic, political and social environment, Companies need to build effective risk management systems in their supply chains. Risk management can only be effective when the risks identification and analysis are enough accurate. In this perspective, this paper proposes a risk assessment approach based on the analytic hierarchy process and group decision making. In this study, a new method is introduced that will reduce the impact of incoherent judgments on group decision-making, It is, the “reduced weight function” that decreases the weight associated to a member of the expert panel based on the consistency of its judgments.