Novel Method for Fishery Supply Chain Risk Diversity and Insurance

Abstract

Supply chain management had become part of the senior management agenda in the manufacturing and retailing industries. More recently, interest in supply chain management has also been growing in the fishery industry both in developed and developing countries. Along with the occurrence of several catastrophic events in fishery supply chains, fishery risk diversity and insurance problems become more and more important. For lacking sufficient knowledge about the exact probability of the fishery supply chain contract signatory or insured accidents, in the fishery supply chain risk diversity and insurance process, the fishery supply chain risk insurer usually uses the information supplied by the fishery supply chain contract signatory or fishery supply chain insurants and the behavior performed by the fishery supply chain contract signatory or fishery supply chain insurants to establish the parameters of the fishery supply chain insurance contract. In this paper, the fishery risk diversity and insurance problems in such supply chain risk diversity and insurance cases are studied based on the fishery supply chain insurance contract and the behavior of each participant.