Supply Chain Risks Analysis of a Logging Company: Conceptual Model

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

doi:10.1016/j.procs.2017.01.140

Supply Chain Risks Analysis of a Logging Company: Conceptual Model

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

School of Strategy and Leadership

Research output: Contribution to conference › Paper

4 Citations (Scopus)

42 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 language	English
Pages	313-320
DOIs	https://doi.org/10.1016/j.procs.2017.01.140
Publication status	Published - 8 Feb 2017
Event	ICTE 2016 - Riga Technical University, Riga, Latvia Duration: 1 Dec 2016 → 1 Dec 2016

Conference

Conference	ICTE 2016
Country	Latvia
City	Riga
Period	1/12/16 → 1/12/16

Bibliographical note

Keywords

Supply chain risks
Conceptual model
Simulation model

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title = "Supply Chain Risks Analysis of a Logging Company: Conceptual Model",

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. ",

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AU - Merkuryev, Y.

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AU - Manak, Sukhvir

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AB - 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.

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