A Virtual Environment for Testing Supply Chain

Michal Fertsch and Marek Fertsch

European Research Studies Journal, 2024, vol. XXVII, issue 1, 788-806

Abstract: Purpose: This study aims to develop a virtual environment for assessing the resilience of supply chains, addressing a critical gap in the existing literature regarding the evaluation of supply chain robustness under various disruptions. The motivation stems from the increasing complexity and vulnerability of global supply chains, particularly in the face of environmental challenges and market fluctuations. Design/Methodology/Approach: The research adopts a quantitative approach, utilizing simulations within the virtual environment to analyze the resilience of different supply chain configurations. Data collection methods include both historical data on supply chain performance and scenario-based simulations. The research sample comprises diverse supply chain models to ensure applicability across various sectors. The selection of simulation tools is justified by their ability to replicate real-world scenarios and provide insights into potential improvements in resilience. Findings: Key findings indicate that certain structural changes in supply chains significantly enhance their resilience. Additionally, the study identifies specific factors whose adjustment leads to measurable improvements in performance during disruptions. These insights contribute to a better understanding of how supply chain dynamics can be optimized for greater resilience. Practical Implications: The results offer valuable implications for organizations seeking to strengthen their supply chains. By implementing the recommendations derived from the study, businesses can improve their operational strategies, fostering resilience and sustainability in their supply chains. The findings also serve as a basis for institutional and sectoral policies aimed at enhancing supply chain robustness in the face of environmental and economic challenges. Originality/Value: This research contributes original insights to the field of supply chain management by integrating a virtual environment framework with resilience assessment. Its innovative approach not only advances theoretical knowledge but also provides actionable strategies for practitioners. The study enhances the understanding of how resilience can be systematically evaluated and improved, thereby deepening the current state of research in supply chain resilience.

Keywords: Supply Chain Resilience; Virtual Environment; Sustainability; Quantitative Analysis; Organizational Strategy; Disruption Management (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxvii:y:2024:i:1:p:788-806

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