A Simulation-based Approach to Risk Assessment and Mitigation in Supply Chain Networks | Zendy

Mamadou Seck | Zendy; Ghaith Rabadi | Zendy; Christian Koestler | Zendy

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A Simulation-based Approach to Risk Assessment and Mitigation in Supply Chain Networks

Author(s) -

Mamadou Seck,

Ghaith Rabadi,

Christian Koestler

Publication year - 2015

Publication title -

procedia computer science

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.334

H-Index - 76

ISSN - 1877-0509

DOI - 10.1016/j.procs.2015.09.161

Subject(s) - computer science , supply chain , risk assessment , supply chain risk management , risk analysis (engineering) , supply chain management , computer security , service management , medicine , political science , law

We present in this paper a simulation-based approach to evaluate the risk associated with supply chain disruptions caused by failures in some supply chains nodes and measure the impact of such disruptions on supply chain key performance measures (KPIs) of interest. The proposed framework enables analysts and managers to repeatedly assess the risk to their supply chains based on various simulated scenarios and identify the most critical nodes whose disruption will have the highest impact on the KPIs of interest. As a result, companies can focus on the most critical supply chain assets and develop targeted mitigation plans that minimize their risk

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