Risk management in plant investment decisions: risk typology, dimensions and process

Accepted version
Repository DOI

Type
Article
Change log
Authors
Srai, JS 
Abstract

Managing risk associated with plant location decisions are growing concern as companies seek to reassure investors about the robustness of their strategies. Little attention has been paid however to the systematic evaluation of risk associated with new plants. This paper investigates risk management practices in plant investment decisions through detailed case investigations in a cross section of industrial businesses at different levels of maturity in order to observe current practices, identify common principles and to synthesis systematic approaches to risk management where appropriate. It identifies key risk categories and dimension of the risk management. It builds on the three key bodies of literature – global manufacturing, investment and risk management.

Description
Keywords
Plant investment decision, global manufacturing, investment decision-making, risk categories, risk management process
Journal Title
Production Planning and Control
Conference Name
Journal ISSN
0953-7287
1366-5871
Volume Title
27
Publisher
Informa UK Limited
Sponsorship
Engineering and Physical Sciences Research Council (EP/E001769/1)
Engineering and Physical Sciences Research Council (EP/K02888X/1)
Internal research fund