Procedia Computer Science
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. 2015 The Authors.
Original Publication Citation
Seck, M., Rabadi, G., & Koestler, C. (2015). A simulation-based approach to risk assessment and mitigation in supply chain networks. Procedia Computer Science, 61, 98-104. doi:10.1016/j.procs.2015.09.161
Seck, Mamadou; Rabadi, Ghaith; and Koestler, Christian, "A Simulation-Based Approach to Risk Assessment and Mitigation in Supply Chain Networks" (2015). Engineering Management & Systems Engineering Faculty Publications. 10.