Year: 2026
Type: article
Abstract: Risk management has become an increasingly important topic in supply chain management (SCM), but decision-making under conditions of risk remains under-researched. This study used an experiment based on purchasing and the game of roulette to assess dynamic decision-making behaviors in SCM. An analysis of four separate risk domains – including a distinction between quantity- and variability-based decisions – indicated that decision-makers assess risk attitudes independently for each domain and that these attitudes affect subsequent decisions in their respective domains. These findings indicate that SCM represents a distinct decision context. For practitioners, this research demonstrates why standardized risk management approaches that assume consistent risk attitudes may fail, as a manager who appears risk-averse in one type of decision may simultaneously be risk-seeking elsewhere. Organizations can leverage these insights by matching employee risk profiles to decision types and implementing domain-specific training programs.
DOI: 10.31387/oscm0650524
Authors: Ryan Atkins, Matthew Drake, Michael Sherwin
Institution: Duquesne University
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7155632612