Enhancing MIS Risk Management Using Neutrosophic Logic: Applications in Investment, Credit Scoring, and Supply Chain Disruption

Biometrical Portfolio Approaches Treating risk in MIS primarily in terms of probability scoring methods. Therefore, the objective of this paper is to analyze the application of neutrosophic, a more sophisticated multi-valued logic that marries truthiness, falsity and indeterminacy, to devise enhanced risk management approaches for use in Management Information Systems (MIS). We showcase its effectiveness through case studies in project investment, credit scoring and supply chain disruptions. Neutrosophic Logic helps mitigate some drivers' institutional uncertainties through the assignment of various degrees of membership, revealing latent risks while leading into more advanced risk profiling and guiding the principle of flexible mitigation strategies. We explore the pros and cons of such an approach their merits to this review being maximizing the responsiveness of systems to current MIS risk approaches vulnerabilities and fostering more resilient risk management operationalization of MIS.