Applying the Heuristic to the Risk Assessment within the Automotive Industry Supply Chain

Abstract

Risk management facilitates risk identification, evaluation, control, and by means of appropriate set of measures, risk reduction or complete elimination. Therefore, the risk management becomes a strategic factor for a company’s success. Properly implemented risk management system does not represent a tool to avoid the risk; it is used to understand the risk and provide the bases for strategic decision-making.

Keywords

• risk
• supply chain
• automotive industry
• saaty method