Enterprise Resilience Assessment—A Quantitative Approach

Raquel Sanchis and Raúl Poler
Additional contact information
Raquel Sanchis: Research Centre on Production Management and Engineering (CIGIP), Universitat Politècnica de València, Escuela Politécnica Superior de Alcoy, Calle Alarcón, nº1, 03801 Alcoy (Alicante), Spain
Raúl Poler: Research Centre on Production Management and Engineering (CIGIP), Universitat Politècnica de València, Escuela Politécnica Superior de Alcoy, Calle Alarcón, nº1, 03801 Alcoy (Alicante), Spain

Sustainability, 2019, vol. 11, issue 16, 1-13

Abstract: Enterprise resilience is a key capacity to guarantee enterprises’ long-term continuity. This paper proposes a quantitative approach to enhance enterprise resilience by selecting optimal preventive actions to be activated to cushion the impact of disruptive events and to improve preparedness capability, one of the pillars of the enterprise resilience capacity. The proposed algorithms combine the dynamic programming approach with attenuation formulas to model real improvements when a combined set of preventive actions is activated for the same disruptive event. A numerical example is presented that shows remarkable reductions in the expected annual cost due to potential disruptive events.

Keywords: enterprise resilience; preventive actions; attenuation formulas; dynamic programming; optimization algorithm (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.mdpi.com/2071-1050/11/16/4327/pdf (application/pdf)
https://www.mdpi.com/2071-1050/11/16/4327/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:16:p:4327-:d:256486

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().