Enterprise risk management has always been important. However, the events of the 21st Century have made it even more critical. The top level of business management became suspect after scandals at ENRON, WorldCom, and other business entities. Financially, many firms experienced difficulties from bubbles. The problems of interacting cultures demonstrated risk from terrorism as well, with numerous terrorist attacks, to include 9/11 in the U.S. Risks can arise in many facets of business. Businesses in fact exist to cope with risk in their area of specialization. Financial risk management has focused on banking, accounting, and finance. We have discussed several aspects of risk, to include information systems, disaster management, and supply chain perspectives. The bulk of this book is devoted to presenting a number of operations research models that have been (or could be) applied to enterprise supply risk management, especially from the supply chain perspective.
David L. Olson is the James & H.K. Stuart Professor in MIS and Chancellor's Professor at the University of Nebraska. He has published research in over 200 refereed journal articles, primarily on the topic of multiple objective decision-making and information technology. He has authored over 20 books, is co-editor in chief ofInternational Journal of Services Sciencesand associate editor of a number of journals. He has made over 150 presentations at international and national conferences on research topics. He is a member of the Decision Sciences Institute, the Institute for Operations Research and Management Sciences, and the Multiple Criteria Decision Making Society. He was a Lowry Mays endowed Professor at Texas A&M University from 1999 to 2001. He was named the Raymond E. Miles Distinguished Scholar award for 2002, and was a James C. and Rhonda Seacrest Fellow from 2005 to 2006. He was named Best Enterprise Information Systems Educator by IFIP in 2006. He is a Fellow of the Decision Sciences Institute.
Desheng Dash Wu is a 100-plan Full Professor with the University of Science and Technology of China, Chinese Academy of Sciences, Beijing, China. He has published over 80 papers in refereed journals, such asProduction and Operations Management, Decision Sciences, Risk Analysis, and the IEEE Transactions on Systems, Man, and Cybernetics. He is the editor of the Springer book series entitledComputational Risk Management. His current research interests include enterprise risk management in operations, performance evaluation in the financial industry, and decision sciences. Dr. Wu has served as an Associate Editor/Guest Editor for such journals as theIEEE Transactions on Systems, Man, and Cybernetics, Annals of Operations Research, Computers and Operations Research, the International Journal of Production Economics, andOmega.>