Edith Cowan University (ECU) will benefit from the more than $26 million in government funding to support research projects under the Australian Research Council's (ARC's) Linkage Projects scheme.
The Linkage Projects scheme supports projects that develop a strategic research partnership, promoting national and international research collaborations between higher education institutions and other parts of the research innovation system.
ECU Associated Professor Ferry Jie's research partnership with Associate Professor Omar Hussain from the University of New South Wales, Professor Daniel Prajogo from Monash University and Dr Ripon Chakrabortty from the University of New South Wales, has been awarded a $349,108 grant.
The research project's industry partner Claude Abouchar from Prime X Connect, will also contribute $100,000 in funding for the research initiative, which Jie has been collaborating with for more than eight years.
Jie said that the research project, titled 'An Oriented Approach to Manage Dependent Supply Chain Risks' is aimed at helping supply chain companies model the impact on their operations by capturing the uncertainties impacting their upstream suppliers.
"In the current uncertain business environment, the project's outcome will benefit service-based industries to have an enhanced understanding of their operating environment and take decisions accordingly to avoid failures. This will significantly increase the productivity of Australian service-based industries across different domains.
"The expected outcome is that it generates new knowledge by which risk managers of a focal company can conjointly consider risk identification/assessment with risk management analysis to develop explainable strategies for managing uncertainties," said Jie.
It's anticipated the research project will run over three years.