Incorporating the Predictability of Consequences into a Disruption Management Framework
Jason M. Riley,
Janis Miller and
V. Sridharan
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Jason M. Riley: College of Business Administration, Sam Houston State University, Huntsville, TX, USA
Janis Miller: Clemson University, Clemson, SC, USA
V. Sridharan: Clemson University, Clemson, SC, USA
International Journal of Business Analytics (IJBAN), 2015, vol. 2, issue 3, 20-32
Abstract:
The authors introduce a disruption management framework that incorporates both the probability of disruption and the predictability of consequences. The resulting model prescribes one of four supply chain strategies: flexibility, risk and loss mitigation, agility, and resilience. Managers can leverage the presented framework within a comprehensive supply chain risk management process to develop tactics aligned with risk management, supply chain, and overall operating strategies to overcome a range of disruption consequences.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jban00:v:2:y:2015:i:3:p:20-32
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