Supply Chain Risks Analysis of a Logging Company: Conceptual Model

P. Mensah, Y. Merkuryev, E. Klavins, Sukhvir Manak

Research output: Contribution to conferencePaper

4 Citations (Scopus)
40 Downloads (Pure)

Abstract

Supply Chains today are vulnerable to uncertainties and risks that might disrupt their operations which could lead to a drastic loss in revenue, competitive advantage and profitability etc, if not managed effectively. This is a concern especially in logging companies where unfavourable weather conditions can hinder the production processes, deliveries and sales etc. This article will analyze the risks the supply chain of a logging company is facing, develop a conceptual model, and translates the conceptual model into a simulation model by exploiting MATLAB. The impact of the risks on the harvesting process is then investigated by utilizing simulation, and the results are discussed to enable the logging company to become well aware of the risks confronting their organization.
Original languageEnglish
Pages313-320
DOIs
Publication statusPublished - 8 Feb 2017
EventICTE 2016 - Riga Technical University, Riga, Latvia
Duration: 1 Dec 20161 Dec 2016

Conference

ConferenceICTE 2016
CountryLatvia
CityRiga
Period1/12/161/12/16

Bibliographical note

© 2017 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

Keywords

  • Supply chain risks
  • Conceptual model
  • Simulation model

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    Mensah, P., Merkuryev, Y., Klavins, E., & Manak, S. (2017). Supply Chain Risks Analysis of a Logging Company: Conceptual Model. 313-320. Paper presented at ICTE 2016, Riga, Latvia. https://doi.org/10.1016/j.procs.2017.01.140