 Scenario-based Supply Chain Network risk modelingWalid Klibi and Alain Martel European Journal of Operational Research, 2012, vol. 223, issue 3, 644-658 Abstract: This paper provides a risk modeling approach to facilitate the evaluation and the design of Supply Chain Networks (SCNs) operating under uncertainty. The usefulness of the approach is demonstrated with two realistic case studies. Three event types are defined to describe plausible future SCN environments: random, hazardous and deeply uncertain events. A three-phase hazard modeling approach is also proposed. It involves a characterization of SCN hazards in terms of multihazards, vulnerability sources and exposure levels; the estimation of incident arrival, intensity and duration processes; and the assessment of SCN hit consequences in terms of damage and time to recovery. Based on these descriptive models, a Monte Carlo approach is then proposed to generate plausible future scenarios. The two cases studied illustrate the key aspects of the approach, and how it can be used to obtain resilient SCNs under disruptions. Keywords: Supply Chain Network; Uncertainty; Risk modeling; Multihazards; Scenario Planning; Supply Chain Disruptions (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:223:y:2012:i:3:p:644-658 DOI: 10.1016/j.ejor.2012.06.027 Access Statistics for this article European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati More articles in European Journal of Operational Research from Elsevier |
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