TY - GEN
T1 - On the analytical framework of resilient supply-chain network assessing excursion events
AU - Bhattacharya, Arijit
AU - Geraghty, John
AU - Young, Paul
PY - 2009/10/12
Y1 - 2009/10/12
N2 - This paper conceptualises an analytical framework meant for resiliency of supply-chain networks by assessing excursion events. Modern Supply-Chain Networks (SCNs) face excursion events of various kinds mainly due to uncertain and turbulent markets, catastrophes, accidents, industrial disputes/strikes in organisations and terrorism. An "excursion event" is an unpredictable event that effectively shuts-down or negatively impacts the performance of at least one node/member of a system for a relatively long amount of time. In this paper, an analytical framework has been conceptualised that prevents a SCN to propagate the effects of the "excursion events" further and maintains the network at desired equilibrium level. The gestated quantitative decision-support approach facilitates the assessment of resilient strategies for SCNs prone to excursion events that are characterised by Low Probability of occurrence and High Impact (LPHI).
AB - This paper conceptualises an analytical framework meant for resiliency of supply-chain networks by assessing excursion events. Modern Supply-Chain Networks (SCNs) face excursion events of various kinds mainly due to uncertain and turbulent markets, catastrophes, accidents, industrial disputes/strikes in organisations and terrorism. An "excursion event" is an unpredictable event that effectively shuts-down or negatively impacts the performance of at least one node/member of a system for a relatively long amount of time. In this paper, an analytical framework has been conceptualised that prevents a SCN to propagate the effects of the "excursion events" further and maintains the network at desired equilibrium level. The gestated quantitative decision-support approach facilitates the assessment of resilient strategies for SCNs prone to excursion events that are characterised by Low Probability of occurrence and High Impact (LPHI).
UR - http://www.scopus.com/inward/record.url?scp=70349745202&partnerID=8YFLogxK
U2 - 10.1109/AMS.2009.29
DO - 10.1109/AMS.2009.29
M3 - Conference contribution
AN - SCOPUS:70349745202
SN - 9780769536484
T3 - Proceedings - 2009 3rd Asia International Conference on Modelling and Simulation, AMS 2009
SP - 392
EP - 397
BT - Proceedings - 2009 3rd Asia International Conference on Modelling and Simulation, AMS 2009
T2 - 2009 3rd Asia International Conference on Modelling and Simulation, AMS 2009
Y2 - 25 May 2009 through 26 May 2009
ER -
