Supply Chain Elastic Strain

Zihui Yang, Qingchun Meng (), Zheng Fang () and Xiaona Zhang
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Zihui Yang: School of Management, Shandong University, Ji’nan 250100, China
Qingchun Meng: School of Management, Shandong University, Ji’nan 250100, China
Zheng Fang: School of Management, Shandong University, Ji’nan 250100, China
Xiaona Zhang: School of Economic and Management, Changsha Industry University, Changsha 410017, China

Mathematics, 2024, vol. 12, issue 12, 1-15

Abstract: The introduction of the concepts of shear elastic strain ( ε − ) and tensile elastic strain ( ε + ) is a catalyst for new horizons of research into supply chain elasticity. Functional formulas encompassing the metrics of ε − and ε + , their critical point, maximum strain value, and similar parameters are established through rigorous mathematical derivations. The supply chain elasticity of agricultural commodities, including grains, apples, and wheat, are assessed by utilizing the derived formulas. The results show that the metrics of supply chain elastic strain serve as direct metrics of measuring the supply chain’s anti-interference capability, and they also facilitate an objective assessment of the supply chain’s safety and stability. The formula is succinctly derived, and it yields objective outcomes with general applicability, particularly suited for research and application for supply chain elasticity.

Keywords: supply chain elasticity; shear elastic strain; tensile elastic strain; safety; stability (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2024
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