The unprecedented development of the information and communication technologies sector has accelerated the spectacular changes in societies and employment trends worldwide. The adoption of ICTs in innovation systems has been a key factor in the overall competitiveness of economic regions and national economies. This paper studies the impact of ICT on regional development. To do so, a modelling approach is used to develop a framework-guidance tool that can formulate what-if scenarios of smart technology enhancement in a regional innovation system. The model is applied in two Greek regions with different development backgrounds, and the findings emphasise the importance of smart technologies in regional development in both cases.

The increased level of complexity in the case of Closed Loop Supply Chains (CLSCs) turns them into vulnerable systems under a disaster event. The latter calls for a methodological approach that allows a dynamic study under alternative policies in mitigating the disaster effects with a focus on creating sustainable CLSCs. For this reason, we provide a System Dynamics (SD)-based analysis for disaster events on the operation of CLSCs. By “disaster event”, we mean three different categories taking shape on the basis of duration. Furthermore, three different demand patterns emerging due to the disaster event are examined. We assume that the disaster event affects the manufacturer, and we examine the system response under different mitigation policies. For each demand pattern two different mitigation policies at the manufacturer level are examined by considering the total CLSC profit and demand backlog as measures of policy performance. For each combination, extensive simulation experimentation reveals sustainable policy recommendations under alternative settings regarding the reduction in the manufacturer’s production.

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