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It is well known that disruptions can significantly affect the performance of a company's supply chain especially in highly volatile markets. It is therefore imperative to have appropriate mechanisms/tools to mitigate the effects of disruptions. We developed the concept for a disruption recovery-modelling approach that provides more accurate supply forecasts during supply chain disruptions (i.e. smaller...
In these recent years, the complexity of supply chain has been increasing with globalisation and as such, disruptions are happening more frequently with the impacts getting more severe. Thus, there is a growing need to deal with such risks arising from disruptions to the supply chain. The objective of this paper is to present a practical method for supply chain risk management using Value at Risk...
Supply chains are becoming more vulnerable because of harsher and more frequent natural and man-made disasters. Supply chain disruptions now seem to occur more frequently and with more serious consequences. During and after supply chain disruptions, companies may lose revenue and incur high recovery costs. Therefore, if supply chain managers were able to better measure and manage supply chain vulnerability,...
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