Supply chain risk management for critical commodities: A system dynamics model for the case of the rare earth elements

2017 ◽  
Vol 125 ◽  
pp. 349-362 ◽  
Author(s):  
Michael L. Keilhacker ◽  
Stefan Minner
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Rare Earth ◽  
Rare Earth Elements ◽  
System Dynamics ◽  
Supply Chain Risk Management ◽  
System Dynamics Model ◽  
Dynamics Model ◽  
Supply Chain Risk ◽  
The Rare Earth

A Comprehensive Risk Management Tool Based on Multi-Agents and System Dynamics for Traditional and E-Commerce Supply Chain

2018 ◽  
pp. 212-230
Author(s):  
Sultan Ceren Oner ◽  
Mahir Oner
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
System Dynamics ◽  
Management Tool ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Rapid Changes ◽  
Management Paradigms ◽  
Supply Chain Risks ◽  
Integrated Supply Chain

Supply chain management paradigms are becoming increasingly common management perspectives all over the world due to violent global competition of trade organizations and rapid changes in technology. In recent years, thanks to the communication improvements, customers have become more conscious about purchasing goods or services. Furthermore, organizations have to be customer oriented and more flexible against the dynamism of supply chain environment which increases uncertainties in supply chain parameters. Although a considerable amount of risk factors appearing in supply chain operations, this study concentrates on detecting key supply chain risks which could cause abnormalities and occur from rapid changes in customer demand, unpredictable price fluctuations, defect variations and delivery delays and provides the correction of these problems automatically. Thus, a system dynamics model is established for determining risks. This combined approach would be helpful for integrated supply chain risk management.

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