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Modeling of Risk Management for Sustainable Fruits Agro-industrial Development
Abstract:
The Decision Support System (DSS) of risk management for sustainable fruit agro-industrial development was constructed in this research. The DSS model (M-Risk) was designed by using system approach and methodology to achieve integrated solutions regarding stakeholder needs and risks. It was designed to support the effectiveness of risk management of fruit agro-industry.
The DSS M-Risk consists of computer programs for determining prospective mango agro-industry using exponential comparison method (ECM), risk analysis using fuzzy non-numeric multi-criteria multi-person decision making, heuristic procedure on financial analysis, risk management using analytical hierarchy process (AHP), and institutional controlling management using interpretative structural model (ISM).
DSS M-Risk was verified using mango agro-industry at Pasuruan District, East Java Province, as a case study. It was found that DSS was useful to support the decision process on risk analysis and risk management. The DSS has also been tested against any changes on system input such as mango price, sufficiency of raw material supply, and product price.
Verification results of DSS M-Risk indicated that the risk level of mango agroindustry was “medium.” The results of financial analysis showed that scheme syaria was able to accommodate agro-industrial risks more than conventional bank.