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Risk readiness and resiliency planning for a supply chain

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  • Kanchan Das
  • Reza S. Lashkari

Abstract

This paper proposes supply chain (SC) risk readiness and resiliency measures and formulates a model for planning and controlling select internal business factors to create desired risk resiliency in order to avert potential risks and mitigate their after-effect. SCs may be exposed to events that affect their business operations, and primarily impact the production processes (i.e. production-related risks), or events (such as natural calamities or terrorism) that affect the way the business interacts with the market, and primarily impact the transportation and distribution processes (i.e. market-related risks). Although a business cannot control such disasters as natural calamities or terrorism, it is possible to identify and control the factors that are responsible for production-related risks and that influence several market-related risks or disasters. The proposed model and the measures will guide SCs through the process of identification, planning and controlling the internal factors that make the chain resilient to these various risks. The resiliency measures and the mixed integer programming model will also enable SCs to conduct what-if analyses of cost and performance trade-off options. A numerical example illustrates the planning in typical scenarios.

Suggested Citation

  • Kanchan Das & Reza S. Lashkari, 2015. "Risk readiness and resiliency planning for a supply chain," International Journal of Production Research, Taylor & Francis Journals, vol. 53(22), pages 6752-6771, November.
    • Handle: RePEc:taf:tprsxx:v:53:y:2015:i:22:p:6752-6771
    DOI: 10.1080/00207543.2015.1057624
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    Cited by:

    1. Aziz Barhmi & Omar Hajaji, 2023. "Multidisciplinary Approach to Supply Chain Resilience: Conceptualization and Scale Development," Central European Business Review, Prague University of Economics and Business, vol. 2023(5), pages 43-69.
    2. Elena Fedorova & Kirsi Aaltonen & Eva Pongrácz, 2020. "Social Sustainability Dilemma: Escape or Communicate? Managing Social Risks Upstream of the Bioenergy Supply Chain," Resources, MDPI, vol. 9(1), pages 1-17, January.
    3. Rasimikayati, Elly & Karyani, Tuti & Rachmat Saefudin, Bobby, 2023. "Characteristics of Vegetables and Fruit Firms and their Relationship with Business Risk," International Journal of Agriculture and Environmental Research, Malwa International Journals Publication, vol. 9(4), August.
    4. K. Katsaliaki & P. Galetsi & S. Kumar, 2022. "Supply chain disruptions and resilience: a major review and future research agenda," Annals of Operations Research, Springer, vol. 319(1), pages 965-1002, December.
    5. Ozkan, Kubilay S.L., 2020. "International market exit by firms: Misalignment of strategy with the foreign market risk environment," International Business Review, Elsevier, vol. 29(6).
    6. Ali, Imran & Arslan, Ahmad & Chowdhury, Maruf & Khan, Zaheer & Tarba, Shlomo Y., 2022. "Reimagining global food value chains through effective resilience to COVID-19 shocks and similar future events: A dynamic capability perspective," Journal of Business Research, Elsevier, vol. 141(C), pages 1-12.
    7. Shashi & Piera Centobelli & Roberto Cerchione & Myriam Ertz, 2020. "Managing supply chain resilience to pursue business and environmental strategies," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1215-1246, March.
    8. Bhavya Sharma & Murari Lal Mittal & Gunjan Soni & Bharti Ramtiyal, 2023. "An Implementation Framework for Resiliency Assessment in a Supply Chain," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(4), pages 591-614, December.

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