Optimal ordering quantity under stochastic time-dependent price and demand with a supply disruption: A solution based on the change of measure technique

Babaï, Mohamed Zied; Ivanov, Dmitry; Kwon, Oh Kang

doi:10.1016/j.omega.2022.102817

Cited by 13 publications

(2 citation statements)

References 62 publications

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“…While demand for some products (e.g., masks and hand sanitiser) has increased, supply has not always been capable to respond adequately (Shen et al, 2021;Wang & Yao, 2021). In this setting, the research community called for the development of new methods for designing resilient and viable sourcing strategies in supply chains (Babai et al, 2023;Dolgui et al, 2020;Ivanov, 2022a).…”

Section: Introductionmentioning

confidence: 99%

Design of resilient and viable sourcing strategies in intertwined circular supply networks

Echefaj,

Charkaoui,

Cherrafi

et al. 2024

Ann Oper Res

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This study examines the effects of intertwining and circularity on the design of resilient and viable sourcing and recovery strategies in supply chains. We first construct a case study where the supply chains of three industries (i.e., automotive, healthcare, and electronics) frame an intertwined supply network (ISN). Through a discrete-event simulation model developed in anyLogistix, we examine the impact of disruptions in supply and demand on the performance of individual supply chains and the ISN as a whole. We test the performance of several sourcing strategies and their combinations. A special focus is directed toward shared reverse flows. The results show that disruption impact and recovery processes in the Circular ISN do not always follow conventional patterns known from the resilience of individual supply chains due to intertwining and circularity effects. We offer some managerial recommendations for the design of resilient sourcing strategies in the ISN context that are triangulated around collaborative sourcing practices, coordinated production planning, shared reverse flows, and visibility in inventory management.

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Section: Introductionmentioning

confidence: 99%

Design of resilient and viable sourcing strategies in intertwined circular supply networks

Echefaj,

Charkaoui,

Cherrafi

et al. 2024

Ann Oper Res

Self Cite

View full text Add to dashboard Cite

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“…Creating feedback loops provides information on a strategy’s performance and potential consequences in the system dynamics method [ 76 , 77 ]. The conclusion drawn from the causal loop diagram’s positive and negative loops is that changes in one element in a cycle may be identified as having an impact on another factor, leading to a greater knowledge of the system’s performance and feedback.…”

Section: Methodsmentioning

confidence: 99%

System dynamics model for an agile pharmaceutical supply chain during COVID‑19 pandemic in Iran

Hamzehlou

2024

PLoS ONE

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Unpredictable changes in the current business environment have made organizations pay attention to the concept of agility. This concept is a key feature to survive and compete in turbulent markets while considering customers’ fluctuating needs. An organization’s agility is a function of its supply chain’s agility. The present study offers a System Dynamics (SD) model for Iran’s Pharmaceutical Supply Chain (PSC). The model is presented in three steps. First, the Supply Chain (SC) indicators were extracted based on theoretical foundations and literature review results. Second, an SD model of the PSC was extracted in the context of the COVID‑19 pandemic with the necessary analyses. Finally, the desired outputs and strategies were obtained by conducting a case study. The results indicated that the PSC’s highest agility could be guaranteed by the simultaneous implementation of three strategies: investment, Human Capital Development (HCD), and accelerated completion of ongoing projects on a priority basis. According to these results, the organization had better determine the amount of capital and workforce required for ongoing projects, then design funding solutions to implement these projects and implement them according to the projects’ priority.

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Collaborative emergency adaptation for ripple effect mitigation in intertwined supply networks

Ivanov

2023

Ann Oper Res

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For the first time, the ripple effect is examined in the setting of an intertwined supply network. Through simulations, we model the disruption propagation in supply chains having common suppliers. We explore conditions under which a collaborative coordination of re-purposed capacities and shared stocks can help mitigate the ripple effect and improve recovery performance. As a result, we conceptualize the notion of collaborative emergency adaptation contributing to development of “network-of networks” and viability perspective in supply chain resilience management. We illustrate our approach with anyLogistix simulations and deduce some generalized theoretical and managerial insights on how and when a collaborative emergency adaptation can be implemented and help improve supply chain resilience and viability.

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Optimal ordering quantity under stochastic time-dependent price and demand with a supply disruption: A solution based on the change of measure technique

Cited by 13 publications

References 62 publications

Design of resilient and viable sourcing strategies in intertwined circular supply networks

Design of resilient and viable sourcing strategies in intertwined circular supply networks

System dynamics model for an agile pharmaceutical supply chain during COVID‑19 pandemic in Iran

Collaborative emergency adaptation for ripple effect mitigation in intertwined supply networks

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