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Risk assessment in livestock supply chain using the MCDM method: a case of emerging economy
Waseem Khan1, Shahbaz Khan2, Aruna Dhamija2
1Department of Management, SMBS, Jamia Hamdard, New Delhi, India. waseemdbf42@gmail.com.
Abstract:
The purpose of the study is to identify and assess the risks related to the livestock supply chain. The major risk related to the livestock supply chain are identified through the comprehensive literature review and finalized with the help of the expert's feedback. Initially, seventeen major livestock supply chain risks are finalized, and these risks are categorized into four major dimensions. Further, analytical hierarchical process (AHP) is used to prioritize these identified major risks based on their severity. Finally, sensitivity analysis is conducted to check the robustness of the risk priorities. The result shows that "input supply risk" is the most significant risk dimension followed by "production risk," "post-harvest risk," and "marketing & price risk." The finding also suggests that "poor quality and under supply of feed and fodder," "lack of proper waste disposal," and "absence of certification for the quality of animals" are the major risks among all seventeen risks. The highest priority risks are input supply risks which require the attention of the livestock supply chain partners. The proposed research framework is used to identify and analyze the livestock supply chain risks. The findings of this research might be beneficial for the farmers and other livestock supply chain stakeholders in developing policies/plans/strategies to control the risk in their livestock supply chain.
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