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.
|Publication status||Published - 8 Feb 2017|
|Event||ICTE 2016 - Riga Technical University, Riga, Latvia|
Duration: 1 Dec 2016 → 1 Dec 2016
|Period||1/12/16 → 1/12/16|
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/).
- Supply chain risks
- Conceptual model
- Simulation model
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