Journal of Industrial and Systems Engineering

Journal of Industrial and Systems Engineering

AI-Enabled Risk Management for Disrupted Supply Chains

Document Type : Research Paper

Author
Department of Financial Engineering, Amirkabir University of Technology, Tehran, Iran
Abstract
In today's complex and uncertain global landscape, supply chain disruptions pose significant challenges to businesses. This study presents an AI-enabled risk management framework that integrates mathematical modeling and metaheuristic optimization to enhance supply chain resilience. A multi-objective optimization model is developed to minimize total costs while mitigating risks associated with supplier reliability, transportation uncertainties, and disruption scenarios. The study employs three advanced optimization algorithms: Genetic Algorithm (GA), Non-Dominated Sorting Genetic Algorithm II (NSGAII), and the recently developed Greedy Man Optimization Algorithm (GMOA). Comparative analysis reveals that GMOA outperforms traditional algorithms in achieving near-optimal solutions with faster convergence. Sensitivity analysis further highlights the critical impact of AI-driven decision-making on risk mitigation. This research provides valuable insights for supply chain managers and policymakers, emphasizing the role of AI-driven optimization in ensuring sustainable and adaptive supply chains.
Keywords
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Articles in Press, Accepted Manuscript
Available Online from 11 February 2025

  • Receive Date 22 January 2025
  • Revise Date 04 February 2025
  • Accept Date 11 February 2025