Risk Manage­ment in the bioeco­nomy

Ort: Wirtschaftsuniversität Wien , Library & Learning Center 2.400 Clubraum am 29. März 2017 Startet um 17:00 Endet um 19:00
Art Vortrag/Diskussion
Vortragende/r Jutta Geldermann
Veranstalter Wirtschaftsuniversität Wien Forschungsinstitut Supply Chain Management
Kontakt isabel.uko@wu.ac.at

Risk management in the bioeconomy

An important strategy for economic competitiveness of biomass inputs is to increase their utilization efficiency by applying the cascade utilization principle. 

Cascade utilization inherently brings additional complexity into production, however, and with it, additional risk. On top of these inherent risks come risks specific to biomass inputs, such as fluctuations in quality and availability and changes in material properties that occur as materials cascade through the production network.

To manage this complex risk portfolio, decision makers can resort to a variety of decision analytical techniques. However, it would be useful for managers to have more clarity about which technique are most suitable under which circumstances. This  paper helps provide such clarity by applying Snowden`s Cynefin framework specifically to the decision making context of the "bioeconomy."



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