Risk, Reliability and Resilience in Operations Management

Risk, Reliability and Resilience in Operations Management examines measurement tools and techniques and their real-world application. The book provides a resource that is needed to help solve complex business operations and global supply chains and their important requirements for the accurate measurement of risk, reliability, and resilience to inform decisions and reduce risk. In addition, the book discusses advancements in technology and data analytics, with final sections covering the COVID-19 pandemic and how it has put greater emphasis on the importance of risk, reliability, and resilience in business operations.This book provides a timely overview of measurement techniques and their application in operations management, offering insights into future directions in this field. - Provides a comprehensive overview on the measurement of risk, reliability, and resilience in operations management - Delves into the practical application of risk, reliability, and resilience management techniques in real-world scenarios, providing case studies and examples that demonstrate how businesses can effectively measure and manage these factors to make informed decisions - Explores emerging trends, technological advancements, and potential developments that may impact risk measurement, reliability, and resilience