TY - JOUR
T1 - Optimal risk mitigation planning for supply chain disruption
AU - Ohmori, Shunichi
AU - Yoshimoto, Kazuho
PY - 2015
Y1 - 2015
N2 - In this paper, we consider the problem of finding a supply chain configuration with minimum risk and investment for risk mitigations. We have developed a simulation model considering disruption. We use this simulation model to evaluate supply chain risk. We propose three risk mitigation strategies: duplication, stabilization, and absorption. We used simulated annealing to find the optimal combinations of these mitigation plans. In a case study, we applied our model to a digital camera supply chain, and show how our model can be applied to obtain a proper supply chain configuration.
AB - In this paper, we consider the problem of finding a supply chain configuration with minimum risk and investment for risk mitigations. We have developed a simulation model considering disruption. We use this simulation model to evaluate supply chain risk. We propose three risk mitigation strategies: duplication, stabilization, and absorption. We used simulated annealing to find the optimal combinations of these mitigation plans. In a case study, we applied our model to a digital camera supply chain, and show how our model can be applied to obtain a proper supply chain configuration.
KW - Meta-Heuristics
KW - Risk Management
KW - Simulation
KW - Supply Chain Management
UR - http://www.scopus.com/inward/record.url?scp=84931062897&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84931062897&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:84931062897
SN - 1342-2618
VL - 66
SP - 12
EP - 22
JO - Journal of Japan Industrial Management Association
JF - Journal of Japan Industrial Management Association
IS - 1
ER -