This is the sixth contribution to my series on doctoral dissertations on supply chain risk management. An immense effort and dedication is spent on these works only to find the results hidden in the libraries. So the goal is raise interest in the research of my peers.
Today I present you only one chapter of a great book by Wu and Blackhurst: “Managing Supply Chain Risk and Vulnerability” (which can be bought on amazon.com here).
Submitted by Daniel Dumke on Mon, 2011-12-19 17:35
Paper
Optimal newsvendor policies for dual-sourcing supply chains: A disruption risk management framework
Year:
2012
This is the continuation of the Greece week and today I am going to have a look at a mathematical model to capture the effects of dual disruptions in a news-vendor model.
This time the three authors (Xanthopoulos, Vlachos and Iakovou) come from the Aristotle University of Thessaloniki.
An ongoing debate in supply chain management is about the degree to which companies should collaborate with their supply chain partners. In business and research the concept is called supply chain integration and may also be a useful strategy for reducing certain risks. And of course it is an often used strategy in supply chain management in general
Analyzing the effect of supply chain integration on performance therefore is an important issue in SCM research.
Today I finally read one of the most cited articles on subjective risk in general. In 1987 March and Shapira set out to shake up the existing theories on the perception and processing of risks by managers. Accordingly, they aggregated the information from various surveys on this topic.
Most entries on this site are reviews of the works of other researcher in the field of supply chain management and related topics. Thus, the articles I review are usually neither written by me nor am
I the original copyright holder, therefore I am not able to grant any rights to this content.
Consequently, the licensing agreement only extends to my contributions: summaries and my additions to the articles, which I usually, but not exclusively, add in the introduction and conclusion of my reviews.
The article on review today serves two distinct needs, by summarizing the current (2012) state of supply chain risk management.
The title of the article implies, that this is only a summary relevant for researchers. But this is not the case: of course there is also a short summary of current research and supply chain risk management, but a major part consists of two focus groups with practitioners and researchers, to define the current gaps in supply chain risk management.
“Arcs of integration” is a concept developed by Frohlich and Westrook (2001) which describes the degree of integration of suppliers and customers within a Supply Chain.
