Effectiveness of policies for mitigating supply disruptions
Supply chain risk management (SCRM), supply disruptions, mitigation policies, simulation, inventory reserves
Our paper will address the significance of supply chain risk management (SCRM) in a setting where demand is steady but supply is subject to random disruptive events. We focus on the impact that supply disruptions have on supply chain performance by proposing two policies for mitigating this impact - using strategic inventory reserves and ordering in larger lots - and assessing their effectiveness through supply chain model analysis and numerical experiments.
Son, J. Y., Orchard, R. K. (2013). Effectiveness of policies for mitigating supply disruptions. International Journal of Physical Distribution & Logistics Management, 43(8), 684‐706. doi: 10.1108/IJPDLM‐04‐2012‐0109
All Rights Reserved